THE STONEBRIDGE TRUST
REPORT AND AUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Charity number 506970
Company number 01304962

THE STONEBRIDGE TRUST
l N D EX
Year ended 31 March 2024
Page
General information
Report of the trustees
Independent auditols report
Statement of financial acts'vities
Balance sheet
10
Notes to the financial statements

THE STONEBRIDGE TRUST
GENERAL INFORMA TION
Year ended 31 March 2024
Trustees
WJEPrice
C V C Brainerd
K A pie￿epont
Company number
01304962
Reglstered charity number
506970
Company secretary
G M Pierrepont
Registered office
Pie￿epont Estates Management Ltd
Estate Office
Thoresby Park
Newark
Nottinghamshire
NG22 9EQ
Auditors
Dixon Wilson Audit Services LLP
22 Chancery Lane
London
WC2A 1 LS
Investment managers
Cazenove Capital
1 London Wall Place
London
EC2Y SAU
Bankers
Barclays Bank PLC
2 Humber Quays
Wellington Street West
Hull
HU12BN
Solicitors
Forsters LLP
22 Baker Street
London
W1U3BW

THE STONEBRIDGE TRUST
REPOR T OF THE TRUSTEES
Year ended 31 March 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present
their trustees. report with the financial statements of the charity for the year ended 31 March 2024.
Reference and administrative inforniation
The charity registration number and the address of the principal office of The Stonebridge Trust are as
listed on page 2.
The trustees who have Se￿ed during the period and since the period end are as follows-
WJEPrice
C V C Br2inerd
K A Pierreponl
Structure, governance and management
The charity is controlled by its goveming document, a deed of Trust dated 29 March 1977, and constitutes a
limited company, limited by guarantee, as defined by the Companies Act 2006.
New trustees may be appointed by the existing set of trustees. No formal training in trusteeship is
considered necessary for current or new appointees by reason of their experience and professional
qualifications. New trustees are shown around the courtyard: briefed on their aims and objectives and given
the opportunity to immerse themselves in the Trust to learn about the different areas.
Staff are contracted in from Pierrepont Estates Management Ltd {a related party as detailed in note 161
which recharges to The Stonebridge Trust as a management fee. The salaries of the Events Team and the
Caretaker are reviewed annually in accordance with the remainder of Ihe Pierrepont Group of Estates.
Objectives and activities for the public benefit
The objectives of the charity are to acquire. preserve and improve for the benefit of the public. places of
historical, archaeological or architectural interest or of natural or cultivated beauty in Nottinghamshire and
the provision of ready access lo them by the public. The vision of the Trusl 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 sustainable basis.
These objectives continue to be met through the maintenance and management of the property at
Thoresby.
The Slonebridge Trust manages Thoresby Courtyard, a Grade 11 listed site, in order to ensure that it is
accessible to the public. The charily operates a theatre and art gallery, which make the historical
buildings, in which the theatre and the gallery are based, accessible to the public.
The Courtyard and Its surrounding grounds are open to the public most days of the year. The trustees
have acquired the Lady Manver5 collection of paintings which will be on display during numerous
exhibitions held across the year within the Pierrepont Gallery at Thoresby Courtyard.
Income is also generated from rental of properties. and Ihe hire of the hall for functions including
weddings.
The Trust relies on income generated from these strategies to cover ils operating costs and enable
investment to ensure the ongoing preservation of Thoresby Courtyard & Park.
The current and continuing aims of the Trust are=_
Developing Thoresby Courtyard & Park as a destination of choice for local day visitors and tourists.,
Inlroducing and developing a range of in house and third party events and aclivities at Thoresby.,
Developing Thoresby Courtyard & Park as a venue for hire.

THE STONEBRIDGE TRUST
REPOR T OF THE TRUSTEES (continued)
Year ended 31 March 2024
The trustee5, having regard to the public benefit guidance published by the Charity Cornmission in
accordance wilh section 4 of the Charities Act 2006. consider that the purpose and activities of the charity
satisfy the requirements of the public benefit test set out in section 3 of the same act.
Financial review
At 31 March 2024 total unrestricted reserves held amounted to £4,817,92512023 - £4,830,416).
The trustees seek to maintain reserves at least equal lo the carrying value of the freehold property at
Thoresby and in the longer terTn hope lo increase reserves to a level at which they can fLJnd major
maintenance and repair works as and when they are required.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriale controls are in pla￿ to provide reasonable assurance against fraud and error.
The trustees have assessed the major risks to which the charity is exposed. in particular those related to
the operations and finances of the charity, and are salisfied that systems are in place to mitigate their
exposure to the major risks. For example, the Trusl has recently developed both new and existing income
streams including the establishment of a trading subsidiary operating the Bay Tree Café.
The trustees consider the Irust's financial position to be satisfactory. A deficit of £12,491 was recognised
in the year (2023 - deficit £129,056).
The trustees continue to invest donations received and other income generated in suitable investments lo
provide income and capital growth for Ihe trust. The day-lo-day management of the investments is
covered by Cazenove Capital, who the trustees consider are suitable for this work.
Achievement5 and performance
Business rental income has remained relatively robust throughout the year, wilh particular growth seen in
the number of events held. The range of facilitie5 made available to visitors has remained Gonsistent with
new opportunities made available for an artisucraft studio.
Several projects commenced during the latter stages of the year. including the resloration of the walled
garden which has helped revive the historical site and the addition of a separate W.C facility for our
tenant, Tucks Brewery to allow them to remain open outside the Courtyard trading hours.
The trustees continue to be satisfied with the performance of the investments made by the trtjst. The
trustees will continue to monitor the performance of the investments.
Whilst foottall has seen growth since the previous year, levels are still lower than in 2021.

THE STONEBRIDGE TRUST
REPO R T OF THE TRU STEES (continued)
Year ended 31 March 2024
Trustees, responsibility statement
The trustees (who are also the directors of The Stonebridge Trust for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the stale of affairs of Ihe charitable company and of Ihe incoming resources and
application of resources, including the income and expenditure, of the charitable company for that period.
In preparing those financial slatemenls, the Iruslees are required to".
select suitable accounts'ng policies and then apply them consistendy-
observe the methods and principles in the Charity SORP {FRS 102)-
make judgements and estimates that are reasonable and prudent-
state whether applicable UK accounting standards have been followed-,
prepare the financial statements on Ihe going concern basis unless il is inappropriate to presume that
the charitable company will continue in busine55.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitsble company and to enable them to ensure that
the financial statements comply with the Companies Act 2006. They ale also responsible for safeguarding
the assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
In so far as the truslees are aware at the time of approving our trustees, report".
there is no relevant audit information of which the company 5 auditar5 are unaware.,
each trustee has taken all the steps r)ecessary to make themselve5 aware of any relevant audit
information and to establish that the company's audilors are aware of that information.
Plans for future years
The current vacant commercial spaces are being renovaled and will be offered at an attractive retail rent
for the area to attract new tenants and when vacancies have arisen will make reletling faster and at higher
rents.
There are plans to renovale the trusts namesake, the Stonebridge, which requires slructural renovations
lo remain open to the public. These costs will be shared with The Trustees of Ihe Thoresby Settlement.
The Trustees have bought play area facilities lo add a child friendly section to the café to improve the
performance of the activities of our subsidiary trading company, Courtyard Trading Company Limited, in
order to reverse the losses from calering and some events. progress has been made.
Approved by order of the board of trustees on
4 February 2025 and signed on its behalf by..
K A Pierrepont
Trustee

THE STONEBRIDGE TRUST
INDEPENDENT AUDITOR'S REPOR T
Year ended 31 March 2024
Opinion
We have audited the financial statements of The Stonebridge Trust (the 'charilable Company'l for the year
ended 31 March 2024 which comprise the statement of financial activities, balance sheet and notes to the
financial statements, including a summary of significanl accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally AcLepted Accounting Practice).
In our opinion, the financial statement5'.
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of its
incoffling resources and applicalion of resources for the year then ended-
have been properly Prepared in accordance with Uniled Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requiretnents of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities for the audil of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe Ihat the audit evidence we have
obtained is sufficient and appropriale to provide 8 basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainties relating to events
or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability
to continue as a going concem for a peri(MJ of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respecl to going concern are described in
the relevant sections of this report.
Other information
The other information comprises the information included in the annual report. other than the financial
statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our
opinion on the financial statemenl5 does not cover the other infomiation and we do not express any form
of a55uranGe GOnGlusion thereon_
In connection with our audit of the financial statetnents, our responsibility 15 to read the other information
and. In doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material Tnisslatements, we are required to determine
whelher there is a material misstatement in the financial statements or a material 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 report that fact.
We have nothing to report in this regard.

THE STONEBRIDGE TRUST
I N DEPEN DENT AUDITOR'S REPOR T (continued)
Year ended 31 March 2024
Matters on which we are required to report by exception
We have nothing to report in respect of Ihe following malters in relation to which the Charities (Accounts
and Reports) Regulations 2008 requires us to report lo you if, in our opinion..
the inforrmation given in the financial statements is inconsistent in any material respect with the
trustees report-. or
Sufficient accounling records have not been kept- or
the financial statements are not in agreemenl with the accounting records- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 5. the trustees (who are
also directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being salisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company s
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless the trustees either intend to liquidate the charitable
company or to cease operalion5. or have no realistic altemative but to do so.
Auditor's re5pon5ibilitie5 for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report In accordance
with the Act and relevanl regulations made or having effect ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free frorn material misstatement, whether due lo fraud or error, and to issue an audilor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when il exists.
Misslalements can arise from fraud or errol and are considered material rf. individually or in aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material ffli5slalements in respect of
irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities.
including fraud is detailed below-.
We gained an understanding of the legal and regulatory framework applicable to the charitable cornpany
by considering, amongst olher things, the sector in which it operates, and considered the risk of acts by
the charitable company that were contrary to applicable laws and regulations, Including fraud. We
designed audit procedures to respond to the assessed level of risk, but recognised that the risk of not
detecting a material misstalement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealmenl by. for example, forgery or intentional
misrepresentations, or through collusion.
We focused on laws and regulations which could give rise to a material misslatement in the financial
statements, including, but not limited to, UK Company Law, UK tax legislation, UK Charity Law as well as
UK financial reporting standards applicable for UK charitable companies.
Our tests included agreeing Ihe financial statement disclosures to underlying supporting documentation
Hnd p.nfjiiirip.s wilh manaop.mp.nt

THE STONEBRIDGE TRUST
INDEPEN DENT AU DITOR'S REPOR T (continued I
Year ended 31 March 2024
As in all our audits, we also addressed the risk of management override of internal controls, including
testing journals and evaluating whether there was ewdence of bias by management thal represented a
risk of material misstatement due to fraud.
There are inherent limitations in the audit procedures described above and. the further removed non-
compliance wilh laws and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. We did not identify any key audit matters relating
to irregularities, including fraud.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at- www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the charitable company's tTUStees, as a body. in accordance with Part 4 of
the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the charitable company's trustees those matters we are required to state to them in an
auditor's report and for no other purpose. To Ihe fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and the charitsble company's trustees
as a body, for our audit work. for this report. orfor the opinions we have fomied.
Dixon Wilson Audit Services LLP. Statutory Auditor
22 Chancery Lane
London
WC2A 1 LS
6 February 2025
Dixon Wilson Audil Services LLP is eligible to act as an auditor in terms of section 1212 of the Companies
Act 2006.

THE STONEBRIDGE TRUST
ST A TEMENT OF FINANCIAL ACTIVITIES
11 NCLUDING INCOME AND EXPEN DITURE ACCO U NT)
Year ended 31 March 2024
Note
Unrestricted Unrestricted
reserves
reserves
2024
2023
Income and endowments from:
Donations and legacies
Charitable activities
Investments
2,380
255,029
21,399
293,811
28.779
Total income
322,590
278,808
Expenditure on:
Raising funds
Charitable activities
(14.3061
{420,2871
99,512
(17, 997J
(312,490)
(77,37T)
(129,056)
Net gainslllosses) on investment assets
Net expenditure
12
(12,491)
Reconciliation of funds
Net movement in funds
(12,4911
4.830,416
(129,056)
4,959,472
Total funds brought forward
Total funds carried forward
4,817,925
4,830,416
All amounts are in respect of continuing operations. All gains and losses recognised in the period are
included above.

THE STONEBRIDGE TRUST
BALANCE SHEET
At 31 March 2024
Note
2024
2023
Fixed assets
Programme related investments- freehold land and buildings
Tangible assets
Investments
10
2.357,346
547.170
1,287,486
2,357,346
622,442
1,307, 778
12
4.192,002
4,287,566
Current assets
Debtors
Cash at bank and in hand
13
637,737
109.424
561.393
73.202
747,161
634,595
Credilors: amounts falling due within one year
Net current assets
14
1121,2381
625,923
(91,745)
542,850
Total assets less current liabilities
4,817,925
4,830,416
Net assets
4,817,925
4,830,476
Representing..
Unrestricted Funds:
15
4,817,925
4,830.416
Total funds
4,817,925
4,830,416
For Ihe period ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relats'ng to small companies.
The members have not required the company io obtain an audit of its accounts for the period in question in
accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparab.on of accounts.
The financial statements have been audited under the requirements of seclion 144 ofthe Charities Act 2011.
The accounls have been prepared in accordance with the provisions applicable to companies subjp.ct to the
small companies regime in part 15 ofthe Companies Act 2006. The company number is 01304962.
The financial statements on pages 9 to 18 were approved by the Irustees on
and were signed on its behalf by.'_
4 February 2025
K A Pierrepont
Trustee
10

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Accounting policies
The principal accounting policies adopted, judgements and key sources of eslimalion uncertainty in the
preparation of the financial slatements are as follows-
(al Basis of accounting and assessment of going concern
The financial statements have been prepared in accordance with the Firrancial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021. the SlaleTnenl of Recommended Practice..
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Slandard applicable in the UK and RepLJblic of Ireland (Charities SORP {FRS 102)) issued in October 2019
and the Charities Act 2011.
The financial slalemenls are prepared in Sterling which is the functional currency of the Trust and are
rounded to the nearest £.
The Trust constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless othe￿iSe staled in the relevant accounting policy
note.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going
concern.
(b) Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow stateTTrenl on the grounds that the charitable company
qualifies as a small charitable company.
Ic) Income recognition
All income is recognised in the statement of fir)ancial activities when the Trust has entitlement to the income,
il is probable that the income will be received and the amounl of the income can be measured reliably.
Donations and grants are recognised when the Trust has entitlement lo the income, there is reasonable
assurance of receipt and the amount of income can be measured reliably.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid
amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same
fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Income from interest royalties and dividends is included in the accounts when receipt is probable and the
amount receivable can be measured reliably.
Event and Riding Hall income is inclLJded in the accounts upon perforrnar7ce of the contract.
Investment gains and 105ses include5 any realised or unrealised gains or losses on the Sale of investments
and any gaiii or loss resulting Ironi revaluing invesliiieriLb- Io nidrkel Vdlue al Ilie eiid uf Ilie year.
Rents are recognised on an accruals basis. The rental income is fflatched to the days of the period.
{d) Expenditure and liabilities
Expenditure and liabilities are recognised once there is a legal or constructive obligation to make a payment
to a third party, il is probable that settlement will be required and the amount of Ihe obligation can be
measured reliably.
l expenditure is accounted for on an accruals basis.
Costs of generating funds are those costs incurred in trading activities that raise funds.
Pension scheme Gonlributions are recognised in the year in which they are payable to the scheme.

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
le) Allocation of support Costs
Support costs are those funcb'ons that assisl the work of the charity but do not direcuy undertake charitable
activities. Support costs include govemance costs (accountancy, legal fees and auditors, remuneration)
which have all been allocated lo charitable activities.
(fj Programme related investments
Programme related inveslmenis represent properlies held by the charity which are made readily available to
the public in order to fulfil the charity'5 aim. The investment5 are held at cost with an annual impairment
review carried out by the trustee5. Where assets are gifted to the trustees, initial recognition is at market
value of the date of the gift.
Ig} Tangible fixed assets
Depreciation is provided at the following annual rates in l￿der to write off each asset over its estimated
useful life on a straight-line basis-.
Robes and chairs
Paintings
Museum improvements
Integral features
Fixtures and fittings
Motor vehicles
Computer equipment
not depreciated
not depreciated
between 4010 and 200kn on c05t
10/D on cost
15YD on cost
-25% oncost
15¥0 on cost
Fixed assets are capitalised at cost, or market value at the time of transfer to Ihe charity in respect of
donated assets.
The assets are analysed each year for Signs of impairment.
(h) Investments
Tradeable investments are initially recognised at their transaction value and subsequently measured at
market value al the balance sheet date. The slatement of financial activities includes the net gains and
losses arising on revaluations and disposals throughout the year.
Investments in subsidiaries are included at cost less provision for impairment.
The Charity has tsken advanlage of the exemption under section 399 of the Companies Act 2006 not to
prepare consolidated accounts, on the basis that the group. of which this is the parent, qualifies as a small
group
(i) Financial instruments
The charity only has financial a55ets and financial liabilities that qualify as basic financial Instruments. Basic
Iinancial in5trurnents are inibally recognised at transackn'on value and subsequently measured at their
settlement value.
(i) Taxation
The charity is exempt from corporation tax on its charitable activities.
{kl Pension costs and other post-retirement benefits
AIS new employees were entered into The Pierrepont Eststes Management Limited Group Life Assurance
Scheme, in which the charity participated on a defined contn'bution basis. Contributions payable lo this
pension scheme are charged lo the statement of financial activity in the period to which they relate.

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Legal status of the charity
The charity is a UK company limited by gLJarantee, incorporated in England and Wales, and has no share
capital. The liability of each member in the evenl of the charity being wound up is limited to £1. Ils
registered address is Pierrepont Estates Management Ltd, Eslale Office, Thoresby Park. Newark,
Nottinghamshire, NG22 9EQ.
Donations and legacies
2024
2023
Donations under gift aid
2,380
2,380
Income from charitable activities
2024
2023
Rent
Riding Hall income
Event income
Caravan income
Gallery sales ané commissions
Other income
108,099
48,397
121,829
9,329
3,323
2.834
96,686
48,434
98,586
9,295
148
1.880
293,811
255. 029
Inveslment incovne
2024
2023
Income from tradeable investments
28.779
27.399
Charitable activities expenditure
2024
2023
Governance costs (see note 7)
Other gallery expenditure
Rental and administrative expenses
Profit on disposal of fixed asseis
12,219
107,078
301.115
{125)
9,548
43.003
259, 93g
420,287
312,490

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Governance costs
2024
2023
Accountancy
Legal fees
Auditors, remuneration
4,700
2,819
4.700
4,400
748
4,400
12.219
9,548
Net expenditure forthe period
2024
2023
Nel expenditure is slated after charging-.
Audilors. remuneration
Depreciation - owned assets
4,700
75,272
4,400
84,037
Taxation
The charity is exempt from tax on income and gains falling within Part 11 of the Corporation Tax Act 2010 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable objectsves.

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
10. Prograrnme related investments- freehold land and buildings
2024
2023
Carrying value at 1 Apnl 2023
Value at 31 March 2024
2,357,346
2,357,346
2,357,346
2,357,346
11. Tangible fixed assets
Robes
and
Motor
chairs Paintings vehicles
Fixtures Museum
and irnprove- Integral
fittings
ments features
Computer
equipment
Total
Cost
Al 1 April 2023
Additions
Disposals
At 31 March 2024
5.000
96.475
15.894
79.241
132,691
677.328
53,617 1,060,246
(2,352)
12,3521
53,617 1,057,894
5.000
96,475
13.542
79,241
132,691 677,328
Depreclation
Al 1 April 2023
Charge for the period
Eliminated on disposal
Al 31 MaTch 2024
15,894
46,762
2.033
90,047 267.697
8,592
59,195
17.404 437.804
5,452
75,272
12.3521
22,856 510.724
12,3521
13,542
48,795
98,639 326.892
Net book value
At 31 March 2024
5.000
96,475
30.446
34.052 350,436
30,761 547,170
At 1 April 2023
5,000
96,475
32,479
42,644 409,631
36,213 622,442
15

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
12. Investments
2024
2023
Tradeable investments
Investment in subsidiary
Investments
1.287,485
1,307,777
1,287.486
1,307,778
Tradeable investments
Market value at 1 April 2023
Additions
Revaluation
Disposals at market value
Market value at 31 March 2024
1,307.777
1,438,276
99,512
(1,558.0801
1,287,485
1,570.604
449.660
(77,377)
(635, 110)
1,307,777
Investment in subsidiary
Historic cost at 1 April 2023
Historic cost at 31 March 2024
The investment in subsidiary represents a 100 /0 holding in Coutyard Trading Company Limited, a licenced
restaurant premises. whose registered office is Eslate Office, Th0￿SbY Park, Newark, Nottinghamshire,
United Kingdom, NG22 9EQ.
13. Debtors: amounts falling due within one year
2024
2023
Trade debtors
Prepayments
VAT
Loan to subsidiary
59.197
3,521
1,520
573.499
28,676
5,077
1,641
525,999
637,737
561,393
14. Creditors: amounts falling due within one year
2024
2023
Trade creditors
other creditors and accruals
Deferred incorne
16,060
98,141
7.037
65,395
17,730
7,620
121,238
91,745
16

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
15. Analysis of movements in unTe5tricted funds
2023
Movement
2024
Unrestricted funds
General fund
4,830,416
(12,491)
4,817,925
Total funds
4.830.416
{12,491)
4,817,925
Net movernent in funds. included in the above are as follow5=
Incoming
Resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
322,590
(434,593)
99,512
112,4911
Total funds
322,590
{434.593}
99,512
112,4911
16. Related party transactions
During the period, the charity received managemenl services. building ServI￿S and other general services
from related parties. All Iransactions are undertaken on an ami's length basis and both their amounts and
nature are summarised below-
Pierrepont Settlement is a related party in the period as G M Pierrepont 15 a beneficiary and W J E Price is a
trustee. During the period. expenses of £275 (2023- £900) were charged to the charity and expenses of £nil
12023 - £ nil) were recharged by the charity to the trust. At 31 March 2024 the balance owed to Ple￿epOnI
Settlement is £nil (2023 - £2401.
Pierrepont Estate Management Limited is a related party in the period as W J E pri￿ is a shareholder in his
capacity as Trustee. During the period, expenses of £30,42312023 £87:393) were charged to the charity
and expenses of £nil {2023 £5,000) were recharged by the charity to the company. At 31 March 2024 the
balance owed to Pierrepont Estates Management Limited is £7.828 {2023 - £27,487}.
Thoresby Settlernent is a related party in the period as G M Ple￿epO￿t is a beneficiary and W J E Price is a
trustee. During the period, expenses of £11.499 (2023 - £19.099) were charged lo the charity and expenses
of £2,32212023- £1,498) were recharged by the charily lo the trust. At 31 March 2024 the balance owed to
Thoresby Settlement is £520 {2023 balance owed to Thoresby Settlement - £8.177).
Courtyard Trading Company Limited is a related party in the period as The Stonebridge Trust owns 100 % of
the shares. During the period, expenses of £47,500 (2023- £ nil} were charged to the charity and expenses
of £36,547 (2023 £36.6831 were recharged by the charily to the company. At 31 March 2024 the balance
owed from Courtyard Trading Company Limited is £573.499 (2023 - £525,999)
17

THE STONEBRIDGE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
17. Financial assets and liabilities
The charity has financial assets and financial liabilrties of a kind that quality as basic financial instruments.
These are initially recognised at transaction value and subsequenuy measured at their amortised cost.
Financial assets
2024
2023
Cash al bank and in hand
Trade debtors
Other debtors
Loan to subsidiary
109,424
59,197
1,52D
573.499
73,202
28,676
1,641
525,999
743,640
629,578
Financial liabilities
Trade creditors
other creditors and accruals
16,060
98,141
66,395
17,730
114,201
84.125
18. Obligations under leases
The total of future minimum lease income 15 a5 follows".
2024
2023
Not later than one year
Later than one year and not later than five years
Later than five years
52.529
64,823
58,895
50,267
23,113
176.247
73,380
18