2010/11 - The Stables

Annual Review 2010/11

Bellowhead
Chairman’s Report
I am pleased to report that the year ended 31 March 2011 has again been a successful year. In terms of our core
activities; live music, education and events we have seen significant growth:
v 343 directly promoted events at The Stables attracting 79,000 attendances, up 5% on last year, with both the
Jim Marshall auditorium and Stage 2 achieving average combined attendances of 69%
v 291 education sessions with over 8,500 participants with the National Youth Music Camps again achieving
100% capacity
v An extension of our outreach work to include Rendezvous at Stadium MK attracting an audience of 73,000
and IF: Milton Keynes International Festival attracting an audience of 90,000
I thank our Life President Dame Cleo Laine and our many loyal customers, friends and Arts Council England for
their continued support in The Stables activities.
We remain true to Sir John Dankworth’s legacy to engage with the widest range of people with music in all its
diversity. The Stables is rightly recognised as one of the leading live music venues in the UK and we are delighted
that so many world class artists continue to perform each year. We are very grateful to all our artists and
especially those that contribute to our fundraising concerts and education events.
We could not deliver the diverse programme of events and educational activity without
the commitment of both the staff and volunteers led by our Chief Executive, Monica
Ferguson and I thank them for their dedicated efforts and for their exceptional support
this year.
Looking forward the Board continues to focus on developing all of our current activities
whilst exploring new artistic and educational opportunities. Despite the wider economy I
am confident that The Stables will continue to build on the development of the charity
and I thank all of the trustees and directors who have given their valuable time in the
past year.
Stephen Clarke
Chairman

Bloco Fogo
Chief Executive’s Report
2010/11 has been an exciting year
for The Stables with attendances
reflecting the quality and breadth
of our programme.
I am particularly pleased to report
on the organisation’s new found
confidence in producing and
promoting work in unusual spaces
and places. From Stadium MK to
empty supermarkets and the
magical Belgian Spiegeltent we
have brought more people than
ever into direct contact with great
music.
The combined audience reach of
our directly promoted concerts at
The Stables, events at Stadium
MK, our education and outreach
programme and the first IF: Milton
Keynes International Festival in
central Milton Keynes has been
just over 250,000 (over 3 times
previous levels) and our activities
have generated significant local,
regional and national media
coverage.
The ambitions we held as we
embarked upon our 40 th
anniversary year have been
realised by a tremendously
dedicated team of staff and
volunteers at The Stables working
with a range of extraordinary
freelance producers, artists,
production teams and specialists.
This extended team has helped us
to embark on more
projects than ever
before and enabled us
to reach new audiences
in new ways. They
have inspired us with
creativity, challenged
the status quo and
broadened our
horizons.
We have commissioned
new work, hosted
artists in residence,
staged UK premieres,
broadened the
demographics of our
audience and
supported emerging artists whilst
working hard to resource our
artistic projects through our
trading activities and fundraising.
Our new projects have also
enabled us to engage with a much
wider range of partners than we
have previously known. Without
their support we could not have
achieved the extraordinary things
we did in this past year.
My thanks go to
everyone therefore
who has played such
an important part in a
remarkable year in the
life of The Stables.
In 2011/12 we will
reflect on last year,
build on its successes,
consider the lessons
learned and continue
to develop the
organisation’s capacity
Monica Ferguson
to meet the challenges
Chief Executive
of the
future whilst
maintaining our
commitment to engaging the
widest range of people with music
in all its diversity.

Box Office
Jim Marshall Auditorium
Trustees’ Report
Introduction
The Charity was first registered in 1970 to operate
under the name of The Stables with the objective of
providing a centre of musical activity for the purposes
of the promotion of education in, and appreciation of,
good music of all kinds amongst persons of all ages
and social backgrounds. Since that time the provision
of activities for the public benefit has grown
significantly and The Stables has become renowned as
a centre of musical excellence. Of major significance,
with the assistance of Arts Council England, in 2000 a
new auditorium was opened, followed in September
2007 by a second performance space and improved
facilities generally.
Public Benefit
The Trustees consider that the activities of the Charity
are carried out for the public benefit and in particular
adhere to the following charitable purposes as set out
by the Charity Commission in its general guidance on
public benefit:
❖
❖
The advancement of education and
The advancement of the arts
Further details of the Charity’s activities during the
period are set out in sections 3 to 5 of the Trustees’
Report below.
Structure, Governance and Management
Governing Document
Wavendon Allmusic Plan Ltd (WAP) is a company
limited by guarantee governed by its Memorandum
and Articles of Association as revised on 30 September
1976, together with its bye-laws.
A board of Trustees is responsible for the policies,
strategic planning and organisation of the charity. No
person who is not a member of the charity is eligible
to hold office as a Trustee.
Membership of the charity is by payment of an annual
subscription set by the charity in general meeting.
Each member is liable to repay debts of the charity up
to a limit of £4 in the event of the charity being wound
up.
Music Workshops
Trustee induction and training
Appointment of
Trustees
The trustees seek to
obtain a wide spread of
experience and
appropriate skills.
Trustees are elected by
the members in general
meeting and normally
serve for a period of
three years following
which they may serve
for a further three
years.
New Trustees are provided with an induction which
features a meeting with the Chair of the Board, then
with the Chief Executive to familiarise themselves with
their responsibilities and legal obligations to the group
and their role as a Trustee.

“What a fantastic night. The Stables is
always a good venue but the atmosphere
was brilliant!”
Richard Hawley Concert 14th July 2010
The Stables, Wavendon
Organisation
The Trustees meet quarterly but
there are sub groups, which
include non Trustees and members
of the management team, that
meet more frequently to assess
the operational and risk
management issues and offer
support to the executive team for
specific projects. These sub
groups report to the full board of
Trustees and during 2010/11
comprised:
v
v
v
v
Group Finance and Operations,
which oversee and advise on
operational issues and control
the Group’s finances, including
managing the group’s cash
position, the relationship with
bankers and auditors and
approval of major capital
expenditure
a capital working group which
is overseeing and advising
upon the Next Stage Project
developments
a fundraising working group
which is overseeing the
development of the capital and
endowment fundraising plans
a festival steering group, which
was a joint steering group with
Milton Keynes Theatre &
Gallery Company and strategic
partners, chaired by a trustee
of WAP, to oversee the
development of IF: Milton
Keynes International Festival
There are three wholly-owned
subsidiaries of the charity, The
Stables Theatre Limited
(“Theatre”), The Stables Trading
Limited (“Trading”) and The
Stables Events Limited (“Events”),
the boards of which meet
quarterly.
Broadly the Theatre board deals
with all of the operational matters
and carries out the activities of
running concerts and providing
education projects on behalf of
WAP. Each year it receives a
financial donation from WAP to
enable it to meet the costs of
doing this work. For 2010/11 this
donation amounted to £253k
(2009/10 £196k)
The Stables Theatre
The Trading board deals with the
operation of the bar, catering,
merchandise, venue hire,
corporate activities and business
development. Each year it
donates its taxable surplus to WAP.
For 2010-11 this donation
amounted to £147k (2009/10:
£120k).
The Events board deals with offsite
promotions and development
projects, such as IF: Milton Keynes
International Festival.
.
Risk Management
The Trustees have a risk
management strategy which
comprises:
v
v
v
an annual review of the risks
the organisation may face:
the establishment of systems
and procedures to mitigate
those risks identified in the
plan; and
the implementation of
procedures designed to
minimise any potential impact
on the charity should those
risks materialise.
A key element in the management
of financial risk is the setting of a
reserves policy and its regular
review by Trustees.

Dulsori at Stadium MK
Objectives and Activities
The main object of Wavendon
Allmusic Plan Limited (“WAP”),
with its wholly-owned subsidiaries,
The Stables Theatre Limited
(“Theatre”), The Stables Trading
Limited (“Trading”), and Stables
Events Limited (“Events”) is:
“To provide a centre of musical
activity for the purposes of the
promotion of education in,
and appreciation of, good
music of all kinds amongst
persons of all ages and social
backgrounds”
It has distilled this into a vision
statement as follows:
“To engage the widest
range of people with
music in all its
diversity”
Its stated mission for the period
covering 2011-2015 is:
“To develop the Stables and its
brand in order to challenge
perceptions and satisfy people’s
changing musical needs, striving
for equality of access and quality
of experience at all times and
ensuring creative and
operational integrity at our
core”
Sandeep Raval Workshop

Pierre Bastiene & Male Instrumenty
Beth Nielsen
Songwriting Workshop
Achievements and
Performance
In 2010/11 The Stables produced
a series of events to highlight and
celebrate its 40 th anniversary year.
Fears over the economic downturn
were tempered by generally good
attendances, but we are mindful
that investment in additional
marketing due to a successful
Sustain application to Arts Council
England had a significant part to
play in this outcome.
The Programming and Education
teams have worked more closely
together this year to identify and
secure opportunities arising from
the concert programme for
potential extended engagement.
This included hosting the first
professional song-writers workshop
in the UK lead by the renowned
American recording artist Beth
Nielsen Chapman, attended by
over 50 songwriters from across
the UK and from overseas.
The Stables has continued to
produce an extensive programme
of high quality work comprising
343 performances in the main
auditorium and Stage 2, crossing
all music genres including classical,
contemporary and traditional jazz,
rock, pop, world, soul, blues and
Americana.
The Stables joined a new national
world music consortium Making
Tracks contributing with other
partners to programming and
marketing ideas resulting in a
subscription series comprising 4
concerts including the Palestinian
oud ensemble, Le Trio Joubran and
Occitan vocal and percussion
ensemble Lo Cor de la Plana.
The Stables also independently
promoted an increased number of
world music concerts including
performances by The Kenyan Boys
Choir, Susheela Raman, Sandeep
Raval, Nathan Riki Thompson, The
Middle East Peace
Orchestra, The Teak
Project and the
Alash ensemble.
The Jim Marshall
auditorium was
transformed into a
dance space for
concerts by
Expresion Cubana,
Batacuda Sound
Machine and Mojito.
The Stables
continued its
relationship with the
national chamber
music touring consortium Music in
the Round to present a series of
five evening recitals. Performers
included the Cropper / Welsh /
Roscoe Trio, The Hanover Band,
The Danish Quartet, Ensemble 360
and I Fagiolini with pre-concert
talks before each concert and
additional schools concerts by I
Fagiolini and Ensemble 360. Sir
James and Lady Jeanne Galway
also gave a special 40 th
anniversary fundraising concert
and gave a masterclass to students
before the concert.
Other concert highlights included
the Django Bates Trio, the
Lightning Seeds, Kathryn Tickell
Band, Dr John, Richard Hawley,
Cherry Ghost, Nils Lofgren, Pierre
Bastiene & Male Instrumenty, Beth
Orton, The Burns Unit, Lau, The
Unthanks, Courtney Pine, Jack
Bruce and
Shlomo.
In December,
Dame Cleo
Laine continued
the tradition of
fundraising
Christmas
shows at The
Stables with
three concerts
featuring a host
of special
guests and The
Stables
embarked upon
a new relationship with touring
mask company Strangeface to
present the three week run of A
Christmas Carol. The production
featured four actor singers and a
live musician. The production was
a critical and popular hit with
4,000 customers attending over
the run and many taking the
Dame Cleo Laine

Strangeface
opportunity to participate in the
opportunity to see behind the
scenes following each show.
Stage 2 at The Stables has
continued to flourish with a
growing number of performances
from new and emerging
performers working in the fields of
jazz, rock, pop, blues, folk and
world music.
A number of contemporary jazz
performances supported by Jazz
Services were featured including
Tom Cawley’s Curios and Phil
Robson and the Instant Message
Quintet as well as debut
performances by the Sam Crockatt
Quartet, the John Law Trio and US
jazz vocalist Sachal
Vasandani.
We worked on a
series of events and
activities outside of
the building
including the ACE
funded Rendezvous
Project with the MK
Dons which took
world music to the
terraces and
engaged fans in the
development of a
new music
commission by
Fraser Trainer. 90%
of survey
respondents thought it was a great
addition to the matchday
Mirazozo at IF
experience with 97% wanting to
see more live music in a similar
vein. The project to date has
reached over 73,000 people with
over 280 artists employed.
The Stables Events Limited
established as a wholly owned
subsidiary produced the first IF:
Milton Keynes International
Festival which sought to engage
people with music and sound in
new and surprising ways. The 10
day festival, staged in temporary
venues and unusual spaces in
central Milton Keynes, presented
115 events with a mix of free and
paid for performances and 45
exhibition / experience days.
Produced in association with Milton
Keynes Gallery and
working with a
number of the UK’s
leading producers
including Bill Gee,
Simon Chatterton
and Artichoke, the
Festival reached
audiences of over
90,000 and
developed new
audiences for The
Stables with 77%
of the ticketed
events being sold
to new customers.
It featured a range
of new
commissions and
artist in residence Janek Schaefer’s
‘Asleep At The Wheel’ was
Roger Bernat’s Domini Public at IF
particularly well received. The
festival achieved significant
national media attention including
features and documentaries on Sky
Arts, BBC Radio 2, BBC Radio 4,
The Times, The Independent, The
Guardian, and The Observer.
Internationally renowned artists
presented a host of UK premieres.
These included Dame Evelyn
Glennie and Fred Frith who gave
an improvised lying down concert
in the City Church; Architects of Air
who presented their sonic
luminarium, Mirazozo outside
Milton Keynes Railway Station, and
La Machine who presented the
world’s only square carousel, The
Magical Menagerie in one of Milton
Keynes’ landmark car parks. The
Stables Spiegeltent enabled the
opportunity to present artists such
as Bellowhead that are difficult to
present at The Stables due to its
fixed raked seating format.
The education programme
continued to deliver a range of
high quality learning experiences
to all ages. Feedback from
participants and workshop leaders
shows continuing high levels of
satisfaction with the content and
support and is used to inform
future planning. It led to the
creation of The Stables’ open mic
and showcase events which have
proved a successful ‘next step’
platform for performers emerging
from our education work.
Successful projects from 09/10

Creative: Space
Strangefruit & Graeae at IF
were repeated or continued in
10/11, including long term or
annual projects such as Jazz
Matters, the National Youth Music
Camps, and annual events such as
Rock Experience and Ceilidh
Experience.
We were awarded commissioning
funds from Milton Keynes Council
to continue Creative: Space
concerts for families with disabled
children.
A new collaboration with Music
Leader South East enabled us to
host the first Music Leader
Continuing Professional
Development event for musicians
in our area and The Stables is
represented on the MLSE
Steering group which is helping us
to develop our CPD opportunities
for local musicians and music
leaders.
Corporate Services: To help raise
further money for our charitable
purposes, we hire our facilities
for a mix of corporate
conferences, meetings,
receptions and fundraising events
by local and national
organisations. In the last year
this included organisations such
as Volkswagen, Audi, Domino’s,
PWC, Motor Insurance Bureau,
Berrnier, and Women in Enterprise.
IF: Milton Keynes International
Festival also enabled us to engage
with a range of new sponsors who
became founding festival partners.
These included Milton Keynes
Council, Milton Keynes Partnership,
Milton Keynes Economy and
Learning Partnership, Sky Arts,
thecentre:mk, John Lewis and
Waitrose, Serco, and Shanks.
The Parks Trust, Sainsbury’s,
University Centre Milton Keynes,
The Hub, Midsummer Place and
The City Church became festival
venue partners and there was
further support from local
organisations that helped provide
goods and services.
Financial Review
Financial Activities including
Income and Expenditure Account
IF: Milton Keynes International Festival 2010
Unrestricted Activities
The year to 31st March 2011
turned out to be excellent in both
financial and non financial
performance terms, the Group
producing a surplus on
unrestricted activities of £228k
(2010: £100k) This exceeded the
original break-even budget that
was enhanced greatly by the
Sustain support from Arts Council
England recognised in the year of
£100k. An extremely commendable
performance in the prevailing
economic conditions.
Theatre activities generated Box
Office revenues of £1,400K, up by
6.5% on 2010. Concert
attendances for our own promoted
events increased by 5%, from
74,765 in 2010 to 78,409, with
attendances as a percentage of
capacity at 69% (target 64%).
Trading revenues (Catering, Bars,
Merchandising and Corporate
Events) increased by 12% from
£516k in 2010 to £579k this year.
The gross margin on Trading
increased from 39% in 2010 to
42% this year. Trading achieved
a surplus of £147k for the year
(2010: £121k) which was
donated up to the charity, WAP.
Events delivered its first major
project IF: Milton Keynes
International Festival in July
2010. With attendances in excess
of 90,000 over a 10 day period,
the Festival attracted significant
national media attention and
generated £4.5m of economic
benefit to Milton Keynes and the
local area. In its second year of
trading, Events has generated

Cafe in 2
Revenues of £818k (2010: £83k)
of which £539k (2010: £23k) was
funding from Arts Council England.
After direct costs and overheads a
small deficit of £7k (2010: £55k)
was recorded for the year.
WAP continued its off-site
education work alongside its
fundraising activities. Total income
of £350k (2010: £234k) included a
core RFO grant from Arts Council
England of £90k supplemented by
£68k towards Rendezvous at
Stadium MK and £3k from Steel
Charitable Trust to support the
work in the Spiegeltent at IF:
Milton Keynes International
Festival.
Expenditure increased in line with
the growth in activity level across
the group; however overheads
were carefully managed within the
approved budget resulting in the
reported unrestricted surplus.
Restricted Activities
£7k of Next Stage fundraising
income was received during the
year, resulting in £35k of funds
available to carry forward to the
next phase of development. There
was no movement in the restricted
education fund in the year, with no
bursaries awarded to students
from this particular fund, leaving
£23k to carry forward to future
years. The only charge against
restricted activities in the year was
the non-cash £33k depreciation of
the costs of the original build and
Stage 2 facilities.
Balance Sheet
The unrestricted and restricted
activities referred to above
resulted in the net assets of the
Group increasing by £202k to just
over £2.8 million at 31st March
2011. Of this £777k related to
unrestricted funds and £2,034k to
restricted
funds.
Restricted
funds are made
up from £23k
provided for
educational
bursaries and
£2,011k
relating to the
property. As
before the
major assets
are the
property and
tangible assets
of the Group,
which are being
depreciated
over time in
accordance
with the
Group’s
accounting policy. Fixed asset
expenditure amounted to £24k in
the year, made up of £4k for office
and theatre equipment and £20k
for the foyer snack bar. The
The Stables Spiegeltent at IF: 2010
Jim Marshall Auditorium
surplus for the year and sundry
working capital movements and
depreciation adjustments resulted
in net current assets increasing by
£162k to £400k. The HSBC bank
term loan was further reduced by
£32k to £76k in the year. The
remaining balance on the bank
term loan was repaid in full shortly
after the year end in July 2011.
Cash balances increased by £88k
over the year to close at a healthy
£1,251k.
Summary
In summary, the
financial position
of the Group has
once again
improved strongly
over the period.
The healthy
unrestricted
reserves and cash
positions puts the
The Stables in a
position of
strength to both
invest in the
future whilst
providing a
substantial buffer
against any
adverse trading
developments.
The year 2011-12 has started well
and in line with the Trustees
expectations, which is to do no
worse than to break-even for the
year.

Volunteer Bar Staff
Volunteer Festival Staff
Volunteers
In common with most charities, The Stables make substantial use of volunteers. No financial value has been
placed on the contribution of volunteers in these accounts. The Trustees are however extremely grateful to all
those who willingly support the charity on a voluntary basis.
Investment Policy
The Trustees adopt a cautious approach to investment. Surplus cash balances are held in interest bearing bank
deposit accounts.
Reserves Policy
The Trustees have the objective of establishing unrestricted reserves to provide adequate capital for the group to
implement its development plans. Unrestricted reserves amounted to £777k at 31 March 2011, which the Trustees
consider adequate to meet its Reserves Policy objectives.
Designated funds
Within unrestricted reserves there are four designated funds. Their current value and purpose are:
❖ The Ruby Endowment Fund £2k -
to support the continued and
further development of artistic and
education projects
❖
❖
❖
Education Support £24k - donated
income available to support
bursaries and educational
development projects
Facilities and Grounds £230k - to
ensure adequate long term
maintenance and investment for
The Stables facilities and grounds
Cover for sustained downturn
£250k - to cover the costs of a
period of one year’s significant and
sustained downturn in the group’s
activities

Achievement of Goals and Plans for Future Periods
The Trustees consider that most of the major goals
set for the year ended 31 March 2011 were achieved,
including the continued success of The Stables
programme and the expansion of our activities in
other places including the launch of IF: Milton Keynes
International Festival and Rendezvous at Stadium MK.
This year has seen a growth in the number of new
artistic commissions and collaborations and the
development of new audiences.
Stables Concerts
40%
Concert Hires
2%
International Festival
20%
Conferences
2%
Education
36%
Breakdown of Group Activity
We will continue to present a wide-range of world
class artists across all music genres whilst supporting
emerging artists and encouraging artist and audience
development.
2011/12 is a transitional year marking the end of our
Regularly Funded Organisation status with Arts
Council England to becoming one of the new National
Portfolio Organisations from 2012 to 2015. Our
funding agreement with ACE includes the production
of IF: Milton Keynes International Festival in 2012 and
2014.
2011/12 will also see substantial development of our
Digital platforms and projects having secured a
funded Digital Producer post for 2 years.
We will continue to support an extensive programme
of music education and community outreach work
providing learning opportunities for children, young
people and adults.
We will explore new ways of generating revenue to
support our ongoing commitment to engaging people
with music.

Daniella Bove
Younee
Statement of Trustees’
Responsibilities
The Trustees’ are responsible for
preparing the Trustees' Report and
the financial statements in
accordance with applicable law and
regulations.
Company law requires the
Trustees’ to prepare financial
statements for each financial year.
Under that law the Trustees’ have
elected to prepare the financial
statements in accordance with
United Kingdom Generally
Accepted Accounting Practice
(United Kingdom Accounting
Standards and applicable law).
Under company law the Trustees’
must not approve the financial
statements unless they are
satisfied that they give a true and
fair view of the state of affairs of
the charity and of the surplus or
deficit of the charity for that
period. In preparing those
financial statements, the Trustees’
are required to:
inappropriate to presume that
the charity will continue in
business.
The Trustees’ are responsible for
keeping adequate accounting
records that are sufficient to show
and explain the charity's
transactions and disclose with
reasonable accuracy at any time
the financial position of the charity
and enable them to ensure that
the financial statements comply
with the Companies Act 2006.
They are also responsible for
safeguarding the assets of the
charity and hence for taking
reasonable steps for the
prevention and detection of fraud
and other irregularities.
❖
❖
There is no relevant audit
information of which the
charity’s auditors are unaware;
and
The Trustees have taken all
steps that they ought to have
taken to make themselves
aware of any relevant audit
information and to establish
that the auditors are aware of
that information.
Small company provisions
This report has been prepared in
accordance with the special
provisions for small companies
under Part 15 of the Companies
Act 2006.
Stephen Clarke,
Chairman
❖
❖
❖
select suitable accounting
policies and then apply them
consistently;
make judgements and
estimates that are reasonable
and prudent;
prepare the financial
statements on the going
concern basis unless it is
Steve Harley
In so far as the Trustees are
aware:

IF: Milton Keynes International Festival 2010
Independent Auditors’ Opinion
We have undertaken the audit in accordance with the requirements of APB Ethical Standards including APB Ethical
Standard - Provisions Available for Small Entities, in the circumstances set out in note 23 to the consolidated
financial statements.
Opinion
In our opinion:
- the financial statements give a true and fair view of the state of the charity and group's affairs as at
31 March 2011 and of its incoming resources and application of resources, including income and
expenditure, for the year then ended;
- the financial statements have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice;
- the financial statements have been properly prepared in accordance the Companies Act 2006; and
- the information given in the Trustees Annual Report is consistent with the consolidated financial statements.
Andrew Follows (Senior Statutory Auditor)
For and on behalf of Kingston Smith LLP
Chartered Accountants
Statutory Auditor

Wavendon Allmusic Plan Limited
Consolidated Statement Of Financial Activities (including income and expenditure account)
Year ended 31 March 2011
Note
INCOMING RESOURCES 1
Unrestricted
funds
£
Restricted
funds
£
Year to
31 Mar
2011
£
Year to
31 Mar
2010
£
Incoming resources from generated
funds:
- Voluntary income 942,350 - 942,350 198,604
- Activities for generating
funds 742,822 6,752 749,574 631,750
- Investment income 11,123 - 11,123 3,236
Incoming resources from
charitable activities 1,519,809 - 1,519,809 1,393,135
TOTAL INCOMING RESOURCES 3,216,104 6,752 3,222,856 2,226,725
RESOURCES EXPENDED 4
Costs of generating funds:
- Fundraising and trading 598,414 - 598,414 468,554
Charitable activities 2,366,136 32,956 2,399,092 1,662,006
Governance costs 23,344 - 23,344 21,790
TOTAL RESOURCES EXPENDED 2,987,894 32,956 3,020,850 2,152,350
NET MOVEMENT OF FUNDS
IN YEAR 5 228,210 (26,204) 202,006 74,735
Funds brought forward 548,782 2,060,290 2,609,072 2,534,697
Funds carried forward £776,992 £2,034,086 £2,811,078 £2,609,072
There are no recognised gains or losses other than the results for the period as set out above.
All of the activities are classed as continuing.

Wavendon Allmusic Plan Limited
Consolidated Balance Sheet
As at 31 March 2011
FIXED ASSETS
Note 31 March 2011 31 March 2010
£ £ £ £
Tangible assets 9 2,411,339 2,434,573
CURRENT ASSETS
Stock 12 19,551 15,256
Debtors 13 161,557 140,507
Cash at bank and in hand 1,251,306 1,163,334
1,432,414 1,319,097
CREDITORS: Amounts falling due
within one year 14 1,032,675 1,080,873
NET CURRENT ASSETS 399,739 238,224
TOTAL ASSETS LESS CURRENT
LIABILITIES 2,811,078 2,672,797
CREDITORS: Amounts falling due after
more than one year 16 - 63,725
NET ASSETS 2,811,078 2,609,072
FUNDS
Restricted funds 18 2,034,086 2,060,290
Unrestricted funds 19 776,992 548,782
TOTAL CHARITY FUNDS
£2,811,078 £2,609,072
The summarised accounts above are extracted from the annual accounts and contain information
relating to both the Statement of Financial Activities and the Balance Sheet.
Further details can be found in the full accounts which received an unqualified audit opinion. Copies can
be obtained from The Finance Director, The Stables, The Laine Dankworth Centre, Stockwell Lane,
Wavendon, Milton Keynes, MK17 8LU or from Companies House, Cardiff.
The annual accounts were approved by the Trustees on 3 November 2011 and have or will be submitted
to the Charity Commission and Companies House.

Manoj Gupta, Stables Theatre Board
National Youth Music Camps
Structure, Governance, Management, Legal and Administrative details
Wavendon Allmusic Plan Limited (“WAP” and “the
Charity”) is a company limited by guarantee
(company registration number 979681) and has no
share capital. It was incorporated on 14 May 1970
and is governed by its Memorandum and Articles of
Association as revised on 30 September 1976. It is
registered with the Charity Commission as a charity
(registration number 261645).
The income and capital of the Charity must be
applied solely for the furtherance of its primary
charitable object as set out in its Memorandum of
Association.
A board of Trustees is responsible for the policies,
strategic planning and organisation of the Charity. No
person who is not a member of the Charity is eligible
to hold office as a Trustee. The directors of the
Charity are its Trustees for the purpose of Charity
Law
There are three wholly-owned subsidiaries of the
Charity; The Stables Theatre Limited (“Theatre”), The
Stables Trading Limited (“Trading”) and The Stables
Events Limited (“Events”).
Broadly the Theatre board deals with all of the
operational matters and carries out the charitable
activities of running concerts and providing education
projects on behalf of WAP. The Trading board deals
with the operation of the bar, catering, merchandise,
venue hire, corporate activities, fundraising, and
business development. The Events board deals with
outreach and development projects.
Board of Trustees
The Trustees of the Charity as at 31 st March 2011
were:
Dame Cleo Laine (Life President)
R T Argent
I G Arthur *
S P Clarke *(Chairman)
H J Crossman
A Dankworth
D Dean *(appointed 12 OCtober 2010)
RG French *(retired 12 October 2010)
M P Gupta *
G A Inskip
Dr A Limb OBE *
Lady R E Scott
M H Shelton
*Also serve on the Group Finance & Operations
Committees
Board of The Stables Theatre Limited
The Board as at 31 st March 2011 comprised:
M P Gupta (Chairman)*
R T Argent
H Coomber
A W Dankworth
M R Ferguson*
G A Inskip
K Roberts*
I G Smith

Spinadisc Shop at The Stables
The Jim Marshall Auditorium
Board of The Stables Trading Limited
The Board as at 31 st March 2011 comprised:
I G Arthur (Chairman)*
S P Clarke*
M R Ferguson*
R G French* (Retired 1 st December 2010)
N C Gill
K E Roberts*
Board of The Stables Events Limited
Bankers:
HSBC, Central Milton Keynes
The Royal Bank of Scotland, Central Milton Keynes
Auditors:
Kingston Smith LLP, St Albans
Solicitors:
SNR Denton, Milton Keynes
The Board as at 31 st March 2011 comprised:
S P Clarke*
I G Arthur* (Retired 14th March 20111)
M R Ferguson*
K Greenhalgh (Appointed 14th March 2011)
R G French*
M P Gupta* (Retired 14th March 2011)
A Limb* (Appointed 14th March 2011) (Chairman)
K E Roberts*
R Scott (Appointed 14th March 2011)
G Snelson (Appointed 14th March 2011)
WAP Registered and Principal Office:
105 St Peter’s Street, St Albans, Hertfordshire AL1
3EJ
Secretary: W C Blyth
Chief Executive Officer: M R Ferguson