**Charity registration number 273859** **Company registration number 01305975 (England and Wales)** ## **STAMFORD SHAKESPEARE COMPANY** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2025** ## **STAMFORD SHAKESPEARE COMPANY** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|N L M J Andrew|| |---|---|---| ||H S Beasley|| ||T D Johnson|| ||S G Parsons|| ||C J Rayner|| ||C L Stephenson|| ||P J Turnham|| ||J E Shelton|(Appointed 9 May 2025)| ||K E Wanless|(Appointed 9 May 2025)| |**Secretary**|S G Parsons|| |**Charity number**|273859|| |**Company number**|01305975|| |**Principal address**|Tolethorpe Hall|| ||Little Casterton|| ||Stamford|| ||Lincolnshire|| ||England|| ||PE9 4BH|| |**Registered office**|Tolethorpe Hall|| ||Little Casterton|| ||Stamford|| ||Lincolnshire|| ||England|| ||PE9 4BH|| |**Independent examiner**|TC Group|| ||4 Office Village, Forder Way|| ||Cygnet Park|| ||Hampton|| ||Peterborough|| ||Cambridgeshire|| ||United Kingdom|| ||PE7 8GX|| **STAMFORD SHAKESPEARE COMPANY** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6 - 7| |Statement of cash flows|8| |Notes to the financial statements|9 - 20| ## **STAMFORD SHAKESPEARE COMPANY** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ The trustees present their annual report and financial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The principal activity and objects for which the company was established continue to be to promote, maintain, improve and advance public education, particularly by the production of educational plays and the encouragement of the arts, primarily through performing the works of William Shakespeare to the public during the summer months. The company aims to achieve this objective through the continuing refurbishment of Tolethorpe Hall and the programme of theatre activities. It is considered that the market value of the property does not differ materially from its carrying value in the financial statements and the trustees are reluctant to involve the company in the expense of an open-market valuation. Trustees use two criteria to assess the charity's success in meeting its aims: annual attendance figures and audience feedback. ## **Public benefit** The company has given due regard to the guidance published by the Charity Commission on public benefit and considers that these requirements are adequately met by its principal and subsidiary activities. ## _Public benefit_ The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ We want to begin, as always, by expressing our deepest appreciation for the extraordinary team we have here at Tolethorpe. To our dedicated staff and passionate members; your hard work, creativity, and commitment have been the driving force behind another successful season. Each of you plays a vital role in bringing our Theatre to life, and for that, we are truly grateful. Wuthering Heights, Macbeth, The Taming of the Shrew and The Mirror Crack'd all demonstrated the immense talent, creativity, passion, and professionalism within our company. Congratulations to the directors who were rightly rewarded with full houses and standing ovations, lots of glowing reviews and plenty of positive feedback. We are particularly optimistic about the future of Stamford Shakespeare Company as the membership rallies to foster diversity and strengthen community outreach through the formation of working groups. The amount of time and energy our members are willing to give back in order to keep us relevant and moving forward has been inspiring to witness. Additionally, it brings us great delight to have Emma in place as our General Manager since October 2025. Her leadership and vision are already making Tolethorpe feel like home again, a welcoming space for all. Emma's dedication to fostering a warm and inclusive environment reinforces our mission to make theatre accessible and enjoyable for everyone. We are excited to see how her influence will shape the future of our company. - 1 - ## **STAMFORD SHAKESPEARE COMPANY** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **Financial review** The charity recorded a net surplus on unrestricted funds for the year of £45,843 in comparison to a net deficit of £7,886 in 2024. Total expenditure increased by £37,738 from £704,049 to £741,787. Net current assets were £102,931 (2024: £75,114) at the balance sheet date, an increase of £27,817 from 2024. ## _Reserves policy_ The reserves are controlled in such a way that there are sufficient funds to meet ongoing expenditure, especially over the winter period when no productions are taking place. The current level of reserves is considered sufficient to meet all liabilities in full as they fall due and the trustees believe that this target will continue to be met. The trustees are aware of the major risks to which the charity is exposed and have put in place systems to mitigate those risks. The trustees consider the biggest risk to be the cancellation of performances due to extreme weather conditions. Although this is a rare occurrence, a period of inclement weather forcing cancellation of several performances would affect the company’s income. ## **Structure, governance and management** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company's objectives and powers and other constitutional matters are set out in its Memorandum and Articles of Association. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: N L M J Andrew H S Beasley T D Johnson S G Parsons C J Rayner C L Stephenson P J Turnham L C Thorton-Reid (Resigned 9 May 2025) J E Shelton (Appointed 9 May 2025) K E Wanless (Appointed 9 May 2025) ## _Recruitment and appointment of trustees_ Trustees are appointed by the members at the Annual General Meeting for a three-year term, after which they may stand for re-election. Existing trustees may co-opt other members onto the board, subject to approval at the next Annual General Meeting. New trustees must have been active members of the company for at least two years, be familiar with theatre activities, and be informed of their responsibilities as charity trustees. They are encouraged to participate in sub-committees. - 2 - ## **STAMFORD SHAKESPEARE COMPANY** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## _Organisational structure_ The board of trustees meets at regular intervals. There is no designated Chief Executive Officer. Day to day administration is delegated to the company administrator. Financial management is outsourced to a local firm of accountants. The trustees make all the key decisions and delegate to the administrator, who reports back. The trustees are actively involved in the charity and the chair spends a lot of time on company matters at Tolethorpe Hall. The administrator is visited by trustees on a regular basis and keeps everyone informed on ongoing matters. ## _Remuneration policy_ The trustees receive no remuneration from the company, other than the reimbursement of necessary expenses. The pay structure of key personnel is set by the trustees. It is based on the responsibility and expertise of each employee in their respective duties and agreed by the trustees in the Annual Budget. It is company policy that persons appointed to the board have had at least two years’ experience within the company and have been members for two years. The board encourages transparency in the running of the company and therefore members will have been involved in the various aspects of the running of the theatre, from directing and acting to the technical side and front-of-house duties. Newly appointed trustees are acquainted with the management of the charity and are appointed to various sub-committees where their talents will be put to the best use. Attendance at the regular board meetings ensures that the trustees are involved in decision making. The trustees' report was approved by the Board of Trustees. S G Parsons ## **Trustee** 22 July 2026 - 3 - ## **STAMFORD SHAKESPEARE COMPANY** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF STAMFORD SHAKESPEARE COMPANY** I report to the trustees on my examination of the financial statements of Stamford Shakespeare Company (the charity) for the year ended 31 August 2025. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. John Grant ACCA TC Group 4 Office Village, Forder Way Cygnet Park Hampton Peterborough Cambridgeshire PE7 8GX United Kingdom Dated: 31 July 2026 - 4 - ## **STAMFORD SHAKESPEARE COMPANY** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|15,133|12,343| |Charitable activities|**4**|657,055|598,176| |Activities for generating funds|**5**|109,326|79,568| |Investments|**6**|6,117|6,076| |**Total income**||787,631|696,163| |**Expenditure on:**|||| |Cost of generating funds|**7**|77,768|93,225| |Charitable activities|**8**|664,020|610,824| |**Total expenditure**||741,788|704,049| |**Net income/(expenditure) and movement in funds**||45,843|(7,886)| |**Reconciliation of funds:**|||| |Fund balances at 1 September 2024||1,673,557|1,681,443| |**Fund balances at 31 August 2025**||1,719,400|1,673,557| - 5 - ## **STAMFORD SHAKESPEARE COMPANY** ## **BALANCE SHEET** ## _**AS AT 31 AUGUST 2025**_ |**Notes**
**Fixed assets**
Tangible assets
**13**
Heritage assets
**14**
**Current assets**
Stocks
**15**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**17**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more**
**than one year**
**18**
**Net assets excluding pension liability**
**Net assets**
**The funds of the charity**
Unrestricted funds|**2025**
**£**
**£**
183,277
1,548,933
1,732,210
4,125
53,185
154,260
211,570
(108,639)
102,931
1,835,141
(115,741)
1,719,400
1,719,400
1,719,400
1,719,400|**2024**
**£**
**£**
192,874
1,548,933
1,741,807
1,810
35,521
134,445
171,776
(96,662)
75,114
1,816,921
(143,364)
1,673,557
1,673,557
1,673,557
1,673,557| |---|---|---| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. - 6 - ## **STAMFORD SHAKESPEARE COMPANY** ## **BALANCE SHEET (CONTINUED)** ## _**AS AT 31 AUGUST 2025**_ The financial statements were approved by the trustees on 22 July 2026 N L M J Andrew ## **Trustee** Company registration number 01305975 (England and Wales) - 7 - ## **STAMFORD SHAKESPEARE COMPANY** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**22**
**Investing activities**
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
**Net cash used in investing activities**
**Financing activities**
Repayment of borrowings
Repayment of bank loans
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
(14,806)
-
6,117
(10,000)
(19,289)|**£**
57,793
(8,689)
(29,289)
19,815
134,445
154,260|**2024**
**£**
(16,504)
3,255
6,076
(9,999)
(19,290)|**£**
52,762
(7,173)
(29,289)
16,300
118,145
134,445| |---|---|---|---|---| - 8 - **STAMFORD SHAKESPEARE COMPANY** **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **1 Accounting policies** ## **Charity information** Stamford Shakespeare Company is a private company limited by guarantee incorporated in England and Wales. The registered office is Tolethorpe Hall, Little Casterton, Stamford, Lincolnshire, PE9 4BH, England. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's Memorandum and Articles as amended by Special Resolution, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. - 9 - **STAMFORD SHAKESPEARE COMPANY** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **1 Accounting policies** **(Continued)** Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and fixtures 20% on cost and at variable rates on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Heritage assets** The freehold property, Tolethorpe Hall, is a Grade Two listed building, originally dating from 1088 and as such it has immense historic significance, both in its own right and as a repository of ancient artefacts. It is also maintained and insured to a very high standard, with an annual insurance value many times higher than the original cost and the professional valuation in 1990. In this context the property is considered to be a heritage and appreciating asset and therefore no depreciation is charged. ## **1.8 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). - 10 - _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **1 Accounting policies** ## **(Continued)** ## **1.9 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.10 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.11 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. - 11 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **1 Accounting policies** **(Continued)** ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.13 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Miscellaneous donations|10,453|9,188| |Membership subscriptions|4,680|3,155| ||15,133|12,343| - 12 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **4 Income from charitable activities** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Ticket sales|590,728|538,981| |Programme sales|14,060|15,808| |Tuck shop|26,301|15,968| |Blanket sales|3,126|333| |Programme sponsorship|2,840|7,086| |Rent of facilities|20,000|20,000| ||657,055|598,176| ## **5 Activities for generating funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Drama school|101,707|72,614| |Hire of equipment, costumes and sundry income|7,619|6,954| ||109,326|79,568| ## **6 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Rental income|4,800|4,800| |Interest receivable|1,317|1,276| ||6,117|6,076| - 13 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **7 Cost of generating funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |**Raising donations and legacies**||| |Drama school expenses (includes security wage cost)|76,585|73,733| |Hall and licences|1,183|1,067| |Bad debts|-|18,425| ||77,768|93,225| - 14 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **8 Expenditure on charitable activities** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |**Direct costs**||| |Box office costs|21,949|21,134| |Security|2,766|6,048| |Production and technical costs|117,861|154,500| |Programmes|3,787|12,168| |Posters, media and advertising|28,168|43,816| |Bar and shop purchases|9,119|5,726| |Costs of blankets|2,086|626| |Theatre running costs|20,541|8,689| |Credit card charges|9,582|7,866| |Plant and fixtures depreciation|24,403|24,766| |(Profit)/loss on sale of tangible fixed assets|-|3,255| |Wages (support costs)|221,696|145,762| |Social security (Support costs)|7,699|5,030| |Pensions (support costs)|2,749|2,455| |Rates (support costs)|3,634|2,543| |Insurance (support costs)|28,154|26,121| |Light and heat (support costs)|25,301|25,323| |Telephone (support costs)|1,939|1,881| |Printing, postage and stationery (support costs)|7,687|5,739| |Sundries (Support costs)|7,395|4,851| |Travelling (support costs)|417|846| |Cleaning and waste disposal (support costs)|28,515|26,739| |Garden and house maintenance (support costs)|18,926|25,655| |First aid cover (includes wage costs) (support costs)|6,303|6,556| |Bank charges (support costs)|736|1,018| |Staff training, health and safety and PPE (support costs)|9,080|2,361| |Bank loan interest (support costs)|12,359|15,330| |Professional fees (governance costs)|15,000|-| |Accountancy fees (governance costs)|26,168|24,020| ||664,020|610,824| - 15 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**9**|**Net movement in funds**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Depreciation of owned tangible fixed assets|24,403|24,766| ||Loss on disposal of tangible fixed assets|-|3,255| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **11 Employees** The average monthly number of employees during the year was: |Support staff
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**Number**
12
**2025**
**£**
175,473
12,622
2,749
190,844|**2024**
**Number**
10| |---|---|---| |||**2024**
**£**
153,866
5,030
2,455| |||161,351| Redundancy and termination payments totalling £15,000 were made in the reporting period. [Add information about the nature of the payments and the extent of funding at the balance sheet date]. There were no employees whose annual remuneration was more than £60,000. ## **12 Taxation** The charity is exempt from corporation tax on its activities because all its income continues to be applied for charitable purposes. - 16 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **13 Tangible fixed assets** |**Cost**
At 1 September 2024
Additions
At 31 August 2025
**Depreciation and impairment**
At 1 September 2024
Depreciation charged in the year
At 31 August 2025
**Carrying amount**
At 31 August 2025
At 31 August 2024|**Plant and**
**fixtures**
**£**
819,496
14,806| |---|---| ||834,302| ||626,622
24,403| ||651,025| ||183,277| ||192,874| All the fixed assets are held for charitable purposes. Additions during the year were financed by the company's own accumulated resources and by bank funding. ## **14 Heritage assets** |||||||||**£**| |---|---|---|---|---|---|---|---|---| |**At**|**1**|**September**|**2024**|**and at**|**31**|**August**|**2025**|1,548,933| The freehold property, Tolethorpe Hall, was valued by the directors at open market value on 31 August 1990 at £247,859. The historical cost of the property, including additions since the revaluation, is £1,548,933 and the value of the land was estimated as the date of valuation to be £30,000. A policy of revaluation has not been adopted and the carrying amount of freehold land and buildings reflects previous valuations retained. As stated above, no depreciation is charged on the freehold property as it is regarded as Heritage asset. In the opinion of the directors, if the property were to be sold at its valuation, no liability to taxation on the surplus would arise due to the company's charitable status. - 17 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**15**
**Stocks**
Stocks
**16**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**17**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**19**
Other borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**18**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**19**
Other borrowings|**2025**
**£**
4,125
**2025**
**£**
1,100
31,567
20,518
53,185
**2025**
**£**
19,290
8,334
8,689
31,539
31,450
9,337
108,639
**2025**
**£**
115,741
-
115,741|**2024**
**£**
1,810| |---|---|---| |||**2024**
**£**
3,290
13,032
19,199| |||35,521| |||**2024**
**£**
19,290
10,000
7,083
24,735
25,847
9,707| |||96,662| |||**2024**
**£**
135,030
8,334| |||143,364| - 18 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **19 Loans and overdrafts** An analysis of the maturity of loans is given below: |Bank loans
Other loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**2025**
**£**
135,031
8,334
143,365
27,624
115,741
38,580|**2024**
**£**
154,320
18,334| |---|---|---| |||172,654| |||29,290
143,364| |||57,870| The bank loans and any overdrafts are secured by a fixed charge on the freehold property at Tolethorpe Hall. The bank loan is repayable in equal instalments (five per year for the remaining seven years) of £3,858 and interest is charged at base rate plus 3.5%. The other loan is a 'bounce backloan' and is repayable in equal instalments of £833 per month and interest is charged at 2.5%. ## **20 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1**|**Incoming**|**Resources**|**At 31 August**| |---|---|---|---|---| ||**September**|**resources**|**expended**|**2025**| ||**2024**|||| ||**£**|**£**|**£**|**£**| |General funds|1,673,557|787,631|(741,788)|1,719,400| - 19 - ## **STAMFORD SHAKESPEARE COMPANY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**20**|**Unrestricted funds**||||**(Continued)**| |---|---|---|---|---|---| ||**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 31 August**| |||**September**|**resources**|**expended**|**2024**| |||**2023**|||| |||**£**|**£**|**£**|**£**| ||General funds|1,681,443|696,163|(704,049)|1,673,557| ## **21 Related party transactions** During the year purchases were made from the Rose Group amounting to £45,423 (2024 - £17,262), Ms NLH Andrew is the Chief executive officer of the Rose companies. There were no outstanding balances as at the year end. |**22**
**Cash generated from operations**
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase in creditors
**Cash generated from operations**
**23**
**Analysis of changes in net funds/(debt)**
**At 1 September**
**2024**
**£**
Cash at bank and in hand
134,445
Loans falling due within one year
(29,290)
Loans falling due after more than one year
(143,364)
(38,209)|**2025**
**2024**
**£**
**£**
45,843
(7,886)
(6,117)
(6,076)
24,403
24,766
(2,315)
27
(17,664)
21,360
13,643
20,571
57,793
52,762
**Cash flows At 31 August 2025**
**£**
**£**
19,815
154,260
1,666
(27,624)
27,623
(115,741)
49,104
10,895| |---|---| - 20 -