THE STONEBFIIDGE TRUST
REPORT AND AUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Charlty number 506970
Company number 01304962

THE STONEBREDGE TRUST
l N D EX
Y82r ended 31 March 1023
Gener21 information
Report of the truscees
Independent audltor's report
Statemenr of finan¢i?l activltles
alante Sheet
10
Notes to the financial statrments

THE STONEBRIDGE TFiUST
GENERAL INFORMA TION
Y¢ar ended 31 March 2023
Trustees
WJ E Price
C V C Brainerd
K A Pierrepont
Company number
01304962
Registered charlty number
506970
Company 3ecretsry
G M ￿errepon(
Keglseered offke
Ilerrepont Estares Managemen¢ Ltd
Estate Office
Thoresby Park
Ncwark
Nottynghamshtrre
NG22 9EQ
Auditors
Dixon Wilson Audit Servlces LLP
22 Chancery Lane
London
WC2A I LS
Investment maragers
Cazenove Capi¢al
l London Wall Place
London
EC2Y SAU
Bankers
Barclay$ Bank PLC
2 Humber Quays
Wellington Stree¢ West
Hull
HUI 2BN
Sollcitors
Wedlake Bdl
71 Queen Victoria Street
London
EC4V 4AY

THE STONEBFUDGE TRUST
REPOR T OF THE TRUSTEES
Year ended 31 Ma￿h 2023
The trustees, who are also directot% of the ch2rity for the purposes of the Companies Act 2006, present (heir
trustees. report with the fiNa¥ttlal statements of the charity for the year ended 31 March 2023.
Reference and adm5niKratlve Information
The ch2rity registration number and the address of the priEhcipal office ol The Stonebridge Trust are as listed oft
P2ge 2.
The trustees who have served during the period w)d sSnce the p¢r60d end are as follows:
WIEPri
C VC ￿.￿nerd
K A Herrepont
Strue¢ure, governance and manwmtnt
The charity is controlléd by Its gtsverning documenL a deed of Twst dated 29 March 1977, and constltures a limited
companyi limited by guarantee, 3s défined by the Companies Att 2006.
New truswes may be 2ppoin￿d by the existing set of trustees. No formal tyainlng in twsteeship is considered
necessary for current or new appointp.e.s by reason of their experÉence znd professional qualthcations. New trustees
are shown around the courtyard, briefed on their alms and objectives and given the opportunlty to immerse
themsefves in the Trust to learn about the different areas.
Staff are contrncted in from Nerrepont Estatrs Mana8emen¢ Ltd la related WdfLy as detalled Sn notè 16) which
recharges (o The Sconebridge Trust as a management fee. The salaries (rf the Events Team artd the Caretaker are
reviewed 2nnually in actordante wlth the remainder of the Pierrepont Group of Estates.
Oblectlves and acttvities for tho publ1£ beneflt
The objectives of the charity are to acquire, preserve and improve for the benefit of the PLEbllt, places of historical.
archaeological or arthltectvral interest or of n?turnl or cultivated beauty in Nottinghamshire and the provision of
ready accss5 to them by the public. The ￿SlOn of the TNst is to ensure that Thoresby Courtyard. its open
parkland and Grade 11 listed building are maintained and kept open for the public to enjoy on a more sustalnable
basis.
These objectives tontlnue to be met chrough the m2intenance and management of the property at Thoresby.
The Stonebridge TrusL manages Thoresby Courcyard, 2 Grade 11 listed site, In order to ensure that it 15 accessible
to che public. The charity Qperitss a theatre and irt gallery, which make the hlsrorical buildings, in which the
thvdtre and the g211ery are based. accessible ro the public.
The Couityard and its surrounding ground5 are open to the publÉc most days of the year. The trustees have
acquired the Lady Minvers collectlon of paintings which wÉll be on display during numerous exhibltlons held across
the year within the ￿errepont Gallery tt Thoresby Couriyard.
Income is also generated from renLal of PrOper￿e$, and the hire of che hall lor fi￿nCtIOnS including weddTng5.
The Trusc relles on income generated from these scrategles to cover ic5 operating costs and Ènable investment to
ensure the ongoing presetvation of Thoresby Courtyard & Park.
The current and eontinulng alms of the Trusi are:_
Developing Thoresby Courtyard & Park as a destination of choice for loc81 day vlsltors and tourists-
Introducing and developing a range of in house ind thlrd party events and actlvities at Thoresby.
Developing Thoresby CoLIrty3rd & Park as a venue for hlre.

THE STONEBRIDGE TRUST
Year ènded 31 March 2023
The trustees, havlng regard to the public benefit guidance published by the Charity Commlsslon In accordance with
section 4 of the Charities Act 2006, consider that the purpose and activÉtie5 of the charity satisfy the requlrem¢nts
of the public benefit test set out in section 3 of the ¥dme acL
Flnantlal revlew
At 31 March 2023 total unrestricted reserves held amounted to 14.830,416 {2022 - £4,959,472).
The trustees see1< to maintain reserves at least equal to the tarrying value of the freehold property at Thoi-esby
and in the longei- terrn hope to increase reserves to a level at which ¢hey can fund major maintenance and repair
works as and when they are requlred.
The trustees have a duty to id¢ntify 2nd review the risks to which the chariry is exposed and tv ensure appropriate
conLrols are in place fo provlde reasonable assurance against fraud and error.
The tnEstees have 2ssessed the m4or rlsks to whlch the charity is exposed, in ￿rtiCUlar those related to the
operations and finances of the charltyi and are satlsfied that systsms are in place to mitigate their exposure to the
rnajor risl<s. For ex2mple. the Trust has recently developed both new and exising income streams includi￿8 the
e5tabli5hment of a tradin8 subsidiary operating the Bay Tree Cafe.
The trustees consider che tmsc's flnancial P051tion to be sat151actory. A deficit of £129,055 was recognised in the
year Q022 - defidt £4,025).
The trustees continue to Invest donations received and othÉr income generdted in suicable investments to provide
income and capital growth for the trusL The day-to-day managemen¢ of the investments ts covered by Cazenove
Capital. who the trustees consider are su5table for this work.
Achlevements and performance
Business rental income has been relarlvely robust throughout the year. The tumover of buslness unlts has been
low 2nd Lhe range of facllicles made available to visitors has rem2ined consistent. Worlis Qll the properLy h&ve
been behind budget thi5 year a5 we h&ve experlenced dlfflculty in appointing contractor5 sn a very tight m3rkeL
The trustcos contynue to be sarisfied wÉth Lhe perfOrnydn￿ of the investments made by the trust. The trustees wlll
continue to mL)niwr thc performance of the investmenLS.
Footfall has been risèn since the previous ye&r though 15 Still lower than In 2021. Rental income from events has
continued co Improve.

THE STONEBRIDGE TRUST
Year ended 31 March 2023
Trustees, responslblllty ststÈment
The trustees (who are a150 the directors of The Stonebridge Trust for the purposes of company lawl are
re5pon5ible for preparing the Report of the Trustees and the financi21 statements in accordance Wilh 2pplicable law
and United Kingdom Accounting Standards (United Kingdom Gen¢rally Accepted Accounting Practice}.
Company law requires the rrustees ¢0 prepare financial statements for each financial year which give a true and fair
view of the state of affalrs of the Charitable company and of che Incoming resources and application of resources,
including Ihe income and expendicure, of the charitable company for that period. In preparlng tliose ftnanelal
statement5, che trustees are reqU￿red to..
select suitable 2ccounting policies 2nd then apply them consistently*
observe the methods 2nd principles In the CharSty SORP {FRS 1021.,
malce ludgements and estimates that are reasonable and prudent.,
stste whether applicable UK accounting standard5 have been followed.,
prepare the financ(al statements on the golng concern basis unless It Is Inapproprlate to presume that the
tharitoble company wsll Continue in business.
The trustees are responsible for keeping proper ac<ountsng records which disclose with reasonable accuracy at any
time the financial position of the charitable company and to enable them to ensure tha¢ the financial scacements
comply wlch che Companles ACE 2006. They are also responslble for safeguirding the assets of the ch&rltable
company and hence for taking reasonable steps for the preventlon and detecclon of fraud and ocher Irregularltles.
In 50 far as the crustees are aware at the (Ime of approving our crnstees, report..
there is no relevant ?udit informar&on of which the company's auditors are uniware-
each trustec has tal<en all the steps nccessary to make themselves aware of any relevant iudit inform&tion 2Ekd
to establish that tho company's auditors aro aware of that information.
Plans lor luture years
The Improvement of our IT offer has en2bled us to retain trnants and when vacancles have arisen has made relectSng
faster and at higher rent5. The TnEstres have brought in outside consultsnts to improve the perf0m￿nCe of the
activities of our sub5idi2ry trading company. Courtyard Trading Company LIMt￿￿, in order to reverse the losses from
ca¢eiing and some events. progress has been made.
Approved by order ol the board of trustee5 on 1S+ Fcb
2024 and 518ned on Its behalf by..
K A P¢errepon¢
Trustee

THE STONEBRIDGE TRUST
INDEPENDENT AUDITOR'S REPOR T
Year ended 31 March 2023
Oplnlon
We have audited the financial siaLements of The Sconebridge Trusi Iche 'charitable company'} for thè year Ènded
31 March 2023 which comprise the statement of financi21 activities, balance sheet and notes ro the financial
statements, including a summary of significani accounting polici¢s. Th¢ financial report¢ng fr2meworl< that has been
applled in thelr preparation is appllcable law and United Kingdom Accounting St2nd2rds, including Financial
Reporting Stsndard 102 The Financial Reporting Standard 2pplScable in the UK and Republic of Ire12nd (United
Klngdom Generally Accepted Accounting Pr2Ctltel.
In our opinton, the fin2ncial 51atements'.
e a true and fair view of the state of the charltable Company's affalrs as at 31 March 2023 and of its incoming
resources and applicatiotb ol resources for the year then ended;
have been propÈrly prepared in a¢cordance ￿th Unlted Kingdom Gener211y Accepted Accounting PracElCe:
have been prepared in accordance with the requirements of the Charities Aet 2011.
Basls for oplnlon
We conducted our audSt In accordance wlth Internadonal Standards on Auditing {UK} (ISAS (UKII and applicable
law. Our responsibilities under those st&ndards are further described in thè Auditows responsibiliiies for the audit
of the financial statements Section of our report. We are independent of the charitable company in actovdance
with the ethical requlrements that are relevant to our *udit of the financial 5taternents in thÈ UK, intludin8 the
FRC'S Ethical Standard. and we have fulfilled our other ethlcal responsibilities in accordance with these
requiremenc5. We believe that che audit evidence we hive obtained is sufficienc and appropriate to provide A ba51$
for our oplnlon.
Concluslons relatlng to golng concern
In auditing che tinancial statements, we have eoncluded that the trustees. use of the going concern basis of
accounting En the preparacion of the financial stacements is appropria[&
Based on the work we h2ve performed, we have not ideEsEtfied any ma￿ri￿ uncertaintles relatlng to events or
conditions th3¢ individually or collectively, may cast signifFC2nt doubt on the charitable company'5 ability to
continuo as a going concern for a perlod of at least twelve months from when the linantrdl statements are
auchorlsed for Issue.
Our respon51bi11ties and the responsibllltles of the tNstees wlth respect to golng concem are described in the
rele¥aTrt sectlons of thls report.
Other Inf0M)a￿On
The other Informatlon comprlses the Informacion included in the annual repor¢, other than the tTnanclal statements
and our audlcorfs reporc thereon. The trustees are responsible for che other inform*tlon. Our opSnion on the
rtnancial statements does not cover the other informatlon and we do not express any form of assurance conclusion
thereon.
In connettion with our audit of the financial 5taiement5, our respon5ibilÉty is to read the other information and, In
doing so. consÉder whether the other information is materially incon5IStent with the flnancial s¢a¢enients or our
knowledge obrdined in the audit or otherwise 3ppe&rs to be materially misstated. If we Identify such materlal
inconsistencie5 or apparent matrrial misstatements, we are required to determine whether there is a materlal
mlsstatement in the financsal statements or a materÈ21 misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required
to repori that facL
We have nothing to report In rEils re8ard.

THE STONEBRIDGE TKUST
Year ended 31 Ma￿h 2023
Mattsrs on whlch we are required to report by exceptlon
We have nothing tts repor¢ in respec¢ of the following Mat￿rS in relation to which the Charities (Accounts and
Reports) Kegulaclons 2008 requlres us to report to you if. in our opinion-.
the Information given in the financial statements is inconsistent in any material respect with the trustees
report., or
Sufficient accounting records have not been kept. or
the Iln2nclal statements are not in agreement with the accoun¢ing records,. or
we have no¢ received 211 Lhe infomiallon and explanations we require for our audlt.
Responslbllltles of trustees
As explained more fully in the tru5tees' responslbllltles statement set out on page 5. the trustees (who are also
dtrectors of the charitable company for che purp05e5 of company lawl 3re responslble for the preparition of the
financi21 statement5 and for being sttisfied that they give a true and falr vlew, and for such internal control as the
trustees dotem)ine is necessary to enable the preparacion of fin2ncial statements that are free from material
misstatemenL whether due to fraud or error.
In preparing the ilnanelal statements, the trnstees are responsible for 2ssessing the charitable companls 2bi14ry to
continue as a golng concern, disclosing, as applicable, matters rolatod to going concern and using Ihe going concem
basis of accounting unless the trustees either Intend co liquidace the charicable company or to cease operations, or
have no realistic alternative but to do so.
Audl¢orfs responslbllltles for the audit of th¢ financial $tat¢ments
We have been appointed as audltor under settion 144 of the Charities Ac¢ 20113nd report in tctordante wlth the
Act and relevant regulations made or havlng effect thereunder.
Our objectives are ￿ obtaÉn reasonable assurance about whether the financ1￿ statements as a whole are free from
material misstatemeni whether dtEe to frdud or error, and to ISSUÈ an audiEOf'S report that includes our opinion.
Reasonable 2ssurance Is a hlgh level of assurance, but is not a guarRncee thRÈ an audlt conducted in accordance
ISAS IUKI will always detect a mtter1￿ misstatement when Èe exist5. Mi5siacements can arise fvom fraud ar error
and are considered material if, l¢7dividual￿ or in aggregate, they could reasonably be expected to Influence the
economlc declslons of users taken 0$) the basis of these financial statements.
Irregularities, includlng fraud, are Instanees of non-compliance with laws and regUla￿onS. We des(gn protrdures in
line with our responsibilicies. outlined above, to detect material Misstatements in respect of irregulariries, including
fraud. The extent to whTch our procedure5 are capable of detettlng Irregularities, including fraud is detailed below..
We gained an understa￿ding of the legal and regulatory Iramework applicable to the chantable compahy by
consideriFtg* amoEtgsi orher things, the sector in which It operates, Ind considered the risk of acts by the charltable
company that were contrary to applicable law5 and regulations, lTr¢luding fraud. We desigrked audit procedure5 to
respond to the asse$5ed level of ris1{ but recognised that the risk of not detecting a material mtsstatement due to
fraud is higher than the risk of not detectiiig one resultin8 from error, a5 fraud may Involve deltberate concealment
by, for example. forgery or Én¢entional rn1srepre5enta￿Ons, or through collusion.
We focused on laws and regulations which could gw¢ rise to a material mis5catement in the financial statements,
includingi buL not limlred to. UK Company Law, UK cax legislafion, UK Charity Law as well as UK financial
reporcing standards applicable for UK charitable companies.
Our tests Included agreeÈng the IiEkancial statement disclosures to underlying supporting documentation, enqulrles
with management and enquiries of consultints used for accounting outsourcing.
As In all our audits, we 21so 2ddressed the r*sk of management owerrlde of Internal controls. including testing
ournals and evalutting whether there was evidence of blas by management chat represe¢)ted a risk of material
mlsscatement due to fraud.

THE STONEBRIDGE TRUST
Year ended 31 March 1023
There are inherent Ilmltations in the audit procedures described aboY¢ and, the further removed non-compliance
with laws and regulacions is from the events and transaction5 reflected In the financial statements. the less likely we
would become aware of it. We dÈd not identify any key audit maiters relating to irregularicie5, Including Iraud.
A further destrlption of our responsibilities for the 2udit of the financial statements is located on the Financial
Reporting Council's websité at.. www.frc.org.uklauditotsresponsibillties. This descrlption forms p2rt ol our auditorfs
reporc.
Use of our réport
This report is made solely to the charitable companls tiytsstees, as a bodys In atcordanee with Part 4 of thÉ
Charliies (Accounts and Reports) Regulatson$ 2008. Our audit work has been undertalien so that we m4ght state to
the charitable comp3FIY'S Lfu5rees those matters we are requlred to state ¢0 them in an auditor's report and for no
othei. purpose. To (he fulles¢ exceni permltEed by law, we do noi accept or assume responsibility to anyone other
than the chwitable company and the charicable companls trustees as a bodyD for our audlt wort for thls I'eport, or
for the opinions we have formed.
Dlxon Wllson Audlt Services LLP. Statu¢ory Audicor
22 Chancery Lane
London
WC2A I LS
2 February 2024
Dixon Wilson Audit Serwtts LLP is eligible to act as an auditor in Lerms of section 1212 of che Companies Act
2006.

THE STONEBRIDGE TRUST
ST A T E M EN T O F F I N A N C I AL AC T I VI T I ES I I N C L U D l N G
INCOME AN D EXPEN DITURE ACCOUNTI
Year ended 31 March 2023
Note
Unresthcted
reservo
Unrestricted
reserve5
2023
2022
Income and endowments from:
Donation5 and legacies
ch￿itable ac¢ivi¢ies
Investments
2,380
255,029
21,399
20,019
228.905
18,531
Totsl kncome
278,808
267,455
Expendlture on:
Raising fuFtds
Charitable activitie5
(17,997)
(312,490)
177,377)
{129,056}
(19.769)
{327,928)
76,217
Net (losses)1￿inS <xt inyesiment assets
Net expendlture
12
14.025)
Reconcliatlon of fijnds
Net movement in funds
(129,056)
4.959.472
[4.025)
4.963.497
Total funds brought forward
Total funds carrled hrYRrd
4,830,416
4,959,472
All amounts are in respect of continuing oper&ttons. All gains and105ses reco8nlsed in the period are included above.

THE STONEBRIDGE TRU
BALANCE SHEET
At 31 March 2023
Note
2023
2022
Fvxed assets
Programme re￿ted investments- freehold land and bJJilding5
Tangible assets
Investments
10
2.357,346
622,442
1,307,778
2,357,346
656,139
1,570,605
12
4.287,566
4,584,090
Current assets
Debtot
C3sh at bank and in hand
561,393
73,202
399.464
92,216
634,595
491,680
Credltors: amounts falllng due wlthln one year
Net current #ss¢t$
14
(91,7451
542.850
(1145,298)
375,382
Total assets less current liabilities
4,830,416
4,959.472
assets
4030,416
4.959.472
Represencing..
Unrestrlcted F￿d$..
15
4,830,416
4,959,4ll
Total funds
4,830,416
4,959,4r2
For the period ended 31 March 2023 the chariLy was entided to exemption from audi¢ under 5ec¢i0n 477 of the
Companies Aci 2006 rdatyng co small companies.
The members have not required the company to ¢)btain an audit of Its aCCo￿n(S for the perfod In quesuon In
accordance wth settlon 476.
The trnstees acknowledge their re5ponsibil¢ries for complying with the requirements of the Aci with respect to
accoUn￿ng records and the prep2rttion of accounts.
The finanaal statements have been 2udited under the requirements 06 Section 144 of the Charities Att 2011.
The accounts have been prepared In actordancÈ with the promsions applicable to companles subject to the small
Ct)mp2nies re¥4me in parc 15 of the Companies Act 2006. The comp3rÈy number is 01304962.
The financial statements on pages 9 to 18 were approved by the trustees an
were signed on its behalf by'.-
2024 and
K A Nerreponr
Trusoe

THE STONEBRIDGE TRusr
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2023
Accounting polklos
The principal accountlng polieles adopted, judgements and key sources of estlmation uncert21nty in the preparaiion of
the financial statement5 are as follows..
(a) BasFs of accountlng and ￿SessMe[lt of going concèrn
The financial statements h2ve been prepared Èn accordance wth the Financial Reporting Strdndard applicable In the UK
and Republic of Ireland (FRS 1011, the St2tement of Recommended PraC￿te. Accounting and Reporting by Charities
preparing their actounrs in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (Ch2rities SORP IFRS 1021) issued in October 2019 aiid the Cliarities Acr 2011.
The financial ststements are prepared In Sterling which is the function￿ currency of the Trusc are rounded to the
nearest £.
The Trust constitutes a publlc benefit entity 2s defit)ed by FRS 102. Assecs and liabilitits are initially recogni5ed at
historical cost or crinsaction value unless othÈrwise stated in the relevant accounLlng pollcy noce.
The tyustees consider th&t (here are no ma￿rIal uncertainties about the Trust's ability to concinue as a going concern.
(bl Exenydon from preparing a cath ftow Statement
Exemption has been tal￿n from preparing a cash flow siatrmenc on the grounds chat the charitable company qualifies
as t Small charitable company.
(c} Income recognition
All income Is recognised in the SLltement of financial activities when the Trust has enticlement co the Income, It Is
probable that the income will be received and the 2mount of the income can be measured reliably.
Donauotts and 8rants 2re recognised when the Tru51 has entldement to the income. there Is reasonable a55uran¢e of
receipt and the amount of intome can be ￿￿ured reliably.
Gift Aid receivable is includ2d in incomé when there is 2 valÈd declaration from the donor. Any Gift Aid amount
recovered on a donatlon is considered to be part of that glfi and is treaced a5 an addition to the same fund as the
initial donation unles5 the donor or che terms of the appeal have specified othemise.
Income from incer¢st royalties and divId￿lS Is included In the accounts when receipt is probable and the amount
recelvable can be measured reliably.
Event and Ridln8 Hall Income is included in the accounts upon performance of the contfdct.
Investment gains and losses Includes any realised or unrealised gains or losses on the sale ol investments 2nd any gzin
or loss resultingfrom revalulng Investments to market v￿u¢ at the end of the year.
Rents are recognised on an accruals basis. The rental Income is matched ¢0 the day5 of the period.
(d) ExPend￿re and Ilabklltie$
Expendlture and IlabilityÈs are recogntsed once there 15 a legal or consEructive obligation ¢0 mike a payment to a third
party, >t is probable that settlemenc wlll be requÈred and the amount of the Obl1￿ClOn can be measured rellably.
All expenditure is atcounted for on an accnds basls.
Costs of gener3ting funds ¥e those costs SncurrÈd In ￿dIng 2crivities that raise fund5.
Penslon scheme concributions are reco￿11Sed In the yeav whlch they are payable (o the scheme.

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2023
(e) Allocation of support Costs
SupporL Costs are those functions that assist the wo14< of the charity but do not directly undertake charitable actiwties.
Support Costs include govemance eosts {aecountancy, legal fees and auditors, rernuneracK)nl which have all been
ajlocated to ch2rit2ble activities.
{fj Pro8ramme related Investments
Progrnmme related investments represent properttes held by the charity which are made readily aywlable to the public
in order to lulfil the charity's kim. The itivèstments are held 2t cost wth an 3¢)nual Impainnenc review carried out by
the trustees. Where assets are gifted to the truste25, inliial rocognltion is at marlcet value of the date of the gift.
(g) Tangible fjxed assets
Deprecla￿O￿ is provided at the bllow¢ng annual rates In order to write off each a5se¢ over Its estimaod useful life on
a str3ighi-line basis..
Robes 2nd chwrs
Painun8S
Museum improvÈments
Intr￿1 features
F4Xtures and fittings
Motor vehtcles
Compucer eqvipmeni
not depreciated
not depreclated
- becween 4% and 20% on cost
IO% on cosi
15% on cost
25% on cost
15% on cost
F￿ed assets 2re capitali5ed at tos4 or mad￿l value at the timÈ of tr2nsfer to the ch2riry in respect of donated asset&
The asseES are analysed each year for sikms of imp￿rment
(h) Investments
Tradcable investments are initE￿lY recognlsed at thelr transaction value and sub5equentty measured at mart<et Ydlve at
the ba12nce sheet date. The statement of financlal attlvitles Indudes ¢he net gains and losses arising on revaluations
and disposaLs throughout the year.
Investments In subsidiarles are included ac cost less proM5ion for Inwalrment.
The Charity has taken advantage of the exemptlon under section 399 of the Companles Act 2006 no¢ to prepare
consolidated atcounts, on the basls that the group, of whith this is the paren4 qualthes as a small group.
O) Fln2nctal Instruments
The charity only has flnanclal assets and financial liabilities that qualify as basic financial Instruments. Basic finanaal
instruments are Initlally recognised at cran5aciion value and subsequendy measurod a¢ thelr setdement Ydlue.
O) Taxation
The charity ts exempt from corpontlon tex on its charitable activities.
(k) Pension costs and other p95tsretirement beneflts
All new employees were entered into The Pierreponc Estates Man88ement Limited Group knfe As5urahte Scheme, St)
whlch the charity participatrd on 2 defined contribution b3sis. Contrlbytlons payable ¢0 this pension scheme are
chargÈd to the statement of financial actyvity in the period to which they relate.

THE sfoNEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 Marth 2023
Logal $tstus of the charlty
The charSty is a UK company limited by gu&rantee, Incorpot2ted in England and Wale& and h2s no share capital.
The liability of eaeh member in the event of the charity being WOLsnd up is limited co £1. Its registered iddress is
PierreponL Estates Management Ltd, Estate Office, Thoresby Park Newad<, NOttin￿2MShlre, NG22 9EQ.
Donations and legacle¥
2023
2022
Donations under gift aid
Govemmeni grants
2,380
352
19,667
2,380
20,019
Income from tharltable actlvltles
2023
2022
Rent
Riding Hall income
Event income
Caravan income
Art exhibitions
Gallery sales and commisslons
Theatre income
Other income
96,686
48,434
98,586
9,295
104,230
47, 104
63,860
1, 120
882
280
22
11,407
148
1,880
255,029
224905
Investment incom¢
2023
2022
Incorne from rradeable Investments
21,399
18531
Charitable activ[￿e5 expenditure
2023
2022
Governènee costs (see note 7)
Theatre expet)dlture
Other gallery expendlture
Rental costs
9,548
12.425
45
54.625
260.833
43,003
259,939
311490
327,928

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEHENTS
Year ended 31 Marth 2023
Governance costs
2023
2022
Aceount2ncy
Legal fees
Audito￿, remunerntion
4,400
748
3,325
4,100
9,548
12.425
Net oxpendlture for the period
2023
2022
Net expenditure is after Charging..
Audstors, rÈmunerdtion
Depreciation- owned assets
4,400
84,037
4,100
97,665
T￿￿On
The charlty is exerrp¢ from tax on income and gains falling within ParL I l of che Corporation T3x Act 2010 or section
2S2 of the Taxation ol Chargeable Gains Ac¢1992 to the extenc that these are applied to its charltable ohiective5.

THE sfoNEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year endd 31 March 2023
Pmgrimme related Investments- freehold land and buHdSn8S
2023
2022
Carrying Ydlue at l April 2022
Valu¢ at 31 March 2023
2,357,346
2,357,346
2,357,346
2.357.346
I l. Tangible t￿Id assets
F￿re5 Museum
and Improve-
flttlngs
merrts featyrÈs
Motor
vehlcles
Computhr
ewlpment
ch31rs PIntI￿g&
Total
At l April 2022
Addl[lo￿5
Diwsa15
At 31 March 2023
5.000
96.475
15,894
51,6
27.551
130081
1010
677.328
32.638 1.&)9,006
20.9
S￿340
5,QOO
96,475
15094
79241
131691
677,328
53,617 1,060,246
DeptTcFatlon
At l Ap￿7 2022
Ch3t%e for the perlod
imin3ted on dsp0$21
AL 31 fvknrth 2023
15894
44.658
1104
80.919
9.128
98,270
69.427
14,026 353,767
3,378
84,037
15894
4&762
90,047
267,697
17,404 437804
N8È bookydlue
A¢ 31 March 2023
5,000
96,475
31479
42.644
409.631
36,213 622,442
At l Aprll 2022
96,475
7,032
49.962
479,058
18,612 656,139

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TENENTS
Year end¢d 31 Morth 2023
12.
Investmènts
2023
2022
Tr2de2ble investments
Investment in subsidiary
Investments
1,307,777
J,570.604
1,307,778
J,570,605
Trndeable Investments
Market Yalue a¢ l April 2022
Additlons
Revaluation
Disposals at market ￿lue
Matht Wdlue at 31 Mwch 2023
1,570,604
449.660
177.3771
(635,1101
1,307,777
1.664,315
SIZ888
76,217
(682,816)
1.57Q604
Investment In S￿51dl2ry
Hlstorlt cost at l April 2022
Historit cost at 31 March 2023
The investment in subsidiary represents a l 00% holding in Cl￿rtYard Trading Company Limited, i licenced restaurant
premises, whose registered office is Estate Office, Thoresby Parl<, Newhrl Nottinghamshire, United Kingdom. NG22
9EQ.
13. Debtors: amounts r￿lIng due wlthln one year
2023
2022
Trade debtors
Prepayments
VAT
Other debtors
Loan to subsidiary
28.676
5.077
24309
7.659
344
153
362,999
525,999
561,393
399,464
14. Crditors.. amounts r￿lIng due wlthln ono year
2023
2022
Trade creditors
Other creditors accruals
Deferred income
66,395
17,730
7,620
30,195
68,996
17,107
91,745
116,298

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2023
15. Ana￿515 of movemen¢s In uThrostrttted funds
2022
Movèment
2023
Unrestrlrted fiinds
General fund
4,959,472
{129,056)
4,830,416
Total funds
4,959,472
{129,OS61
4.830.416
Net movement in funds, included in the above are as follows..
Incomlng
Rewurces
Resource¥
expended
Galns and
losses
Movement
In fund$
Unrestrlcted fund5
General lund
278,808
1330,487)
177,3771
(129,0561
Total funds
278,808
1330,487)
177,377)
(129,0561
16. Rélated party transacth)n$
Durlng the period, the tharity receivod man2gement sermces, bulldlng servi￿5 2nd other general services (rom related
partles. All tran5acilons are undemken on on arm's leFS8th basis and both their amouTrts and nature 3re summaiised
below..
errepont Settlement is a related party in the period &8 G M Pierrepont Is a beneficiary and W J E Prlcè Is 2 trustee.
During the period, expenses of £900 (2022 - £2,400) were charyed to the charity and expenses of £n1112022- £2,400)
were recharged by the charity to the trust. At 31 March 2023 the balance owed co Pierrewnt Settlement is £240
11021- £nill-
ierrepont Estatr Management Llml¢ed is a rela¢¢d pry In the pwiod W l E ￿lce is a director. Dutyng the perlod,
expenses of £87,393{2022 - £161,627) were ch2rged to the tharity and cxpcnses of £5,0(x)12022 - £229.6751 were
recharged by the charity to the company. A¢ 31 March 2023 the balanc¢ owed to PierreponL Estates Manag¢m¢nt
Limited Is £27,48712022- 125,563).
Thoresby Settlement is a related party in the period as G M Pierrepont Is i benefflclary and W J E Price is a trustee.
During the pevio& expenses of £19,099 (2012 - £12,023) were charged to the tharlw and expenses of £1,498
12022 - £12.3291 were recharged by the charity co the trusL At 31 March 2023 the balance owed co Thore5by
Settlement is £8,17712022 balance owed ¢0 Thoresby Settlemenc- £260).
Courtyard Trading Comtxny Limlted Is a related party in the period 3$ The Stonebridge Trust owns IOO°A of the
share5. Durlng the period, expenses of £nil 12022 £87,653) were tharged to the charity and expenses of £36,683
P022- £91,453) wÈre recharged by the charity co the company. An addiiional amoun¢ of 1163,LKIO Wds advanced to
the comp2ny by the Trustees of the Stonebrid8e Trust. At 31 March 2023 the balance owed Irom Courtyard Trading
Company Limited is £525,999 (2022 - £362,999).
17

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year énded 31 Mard) 2023
17. Flnanclal assets and liabllltl¢$
The charity h?s financial assets and financial liabilities of a kind th2t qualify as basic financial instruments. These are
initially recognised 2t tr2n5action value and subsequendy measured at their amorti5ed cost.
Rnancial assets
2023
2022
Cash 2t bank and in hand
Trade debtors
Other debtors
L￿An to subsldF2ry
73,202
28,676
3.196
525,999
92,216
24309
4,121
162,999
631,073
487.645
FInan£1￿ Ilabllltles
Trade creditors
Other crediLofs 2nd accruals
66,395
17,730
30.195
68.996
84,125
99,191
Obligations under leases
The total of futuiE minimum lease income Is as follows..
21n2
Nor later than one year
Later than one year and not later than five ￿rS
50.267
23.113
53, 182
45,957
73,380
99,139

THE STONEBRIDGE TRUST
D ET A I L E D ST A T E M E N T O F F l N A N C I A L AC T I VIT I E S
Year ended 31 March 2023
2023
2022
INCOME
Donatlons and legacles
Donations LEnder gift aid
Grant income
2,380
352
19,667
2.380
20,019
Incomè from charltab]e actlvlties
Rent
Riding Hall income
Event Income
Caravan income
Arc exhibitions
Gallery sales and commisslons
Theatre income
Other income
96,686
48,434
98,586
9,295
104.230
47.104
63.860
1,120
882
280
22
11,407
148
1,880
255,029
224905
Invtstn*nt Incorne
xed asset investmenc Int￿le
21,399
14531
Total income
278,808
267.455
EXP￿DITURE
Ral¥lng funds
Charltable activldes
17,997
19,769
Theatre expenditure
Other gallery expenditure
Profession￿ fees
Rental costs
DeprÈci2tion of museum Impibvements
DÈpreaation of motor vehlcles
t)epredation of compucer equipment
Depreciation of Inte8￿1 leawres
Depreciation of fixtures and ficong5
Profit on disp0521 of fixed assets
Accountancy
Legal fee5
Auditors, remuneration
45
54,625
61,099
98,096
76,497
1,707
1.435
3,173
14,851
3,975
43,003
77,741
98,160
69,427
2,104
3,378
9,118
4,4(KJ
3,325
4, 100
4,4
312.490
327,928
Net Qosses)Igain5 on investment assets
(77,377)
76.217
Net Income
<129.056)
(4.025)
Thls page does not fomi parE of the sotULOry Inanclal statements.