REGISTERED COMPANY NUMBER: 05296427 (England and Wales) REGISTERED CHARITY NUMBER: 1110254 Report of the Trustees and Unaudlted Flnanclal Statement5 for the Year Ended 31 January 2024 TWODS Umlted Deeks Evans Audit Services Limited Chartered Accountants First Floor, West Barn North Frith Farm, Ashes Lane Hadlow Tonbridge Kent TNII 9QU
TWODS Limited Contents of the Finanaal Statements for the Year Ended 31 January 2024 Page Report of the Trustees I to 2 Independent Examiner's Report statement of Financial Activities Balance Sheet Notss to the Flnanclal Statements
TWODS Limited (Registered number: 05296427) Report of the Trustees for the Year Ended 31 January 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the finala1 statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting SL4ndard applicable In the UK and Republlc of Ireland {FR5 102) (effectlve l January 2019). OBJEcfIvES AND ACTivrriES Objectives and aims The company is a charity and exists to lUcate the public in the operatic and dramatic arts and to further the development of public appreciation and taste in the said arts and to support local charities, Rev*w of artivities by the Chairman The charity presented two musical productions during the financial year: Chitty Chitty Bang Bang in May/ June 2023 at the Assembly Hall Theatre and A Chorus Line at Trinity Theatre and Arts Centre in November 2023, both in Tunbridge Wells. Chitty Chitty Bang Bang wa5 TWODS'5 m05t expensive Show ever staged but still mad a rnodest production profit of £6,545. A Choru5 Line incurred a small production1055 of £1,858, However, it should be noted that we have estimated theatre tax credit5 to reclaim of £26,000, bringing the total production profits for the year to £30,687. The Society made charitable donations of £3,514 irb the year (2023.. £3,152). I am pleased to confirm therefore that the charity was able to meet its objectives during the year. This is due, as before, to the hard work and dedication of our membership and all the friends of the company who give so willingly of their time and energyi and due to generous grants and donètion5 frorn members and other Instltutlons to support our work. FINANCIAL REVIEW Res¢Nes policy The reserves policy has been reviewed in accordance with the requirement of the Charities Commission. It is the directors, view that the current level of reserves should be maintsined in order to safeguard the future viability of the charity. Funds will be made avallable to help Ic1 charlties as approprlate. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited companyi limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees Trustees are appointed by an ordinary resolution of the members In general meeting. Members of the Board of TWODS The Trustees have delegated the day to day running of the company to the Board of TWODS. Members of the charitsble company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The totsl number of such guarantees at 31 January 2024 was 181 (2023: 213) REFERENCE AND ADMINISTrATNE DETAILS Registered Company number 05296427 (England and Wales) Registered Charity number 1110254 Registered office First Floor, West Barn North Frith Farm, Ash Lane Hadlow Tonbridge Kent TNII 9QU Page I
TWODS Limited (Registered number: 05296427) Report of the Trustees for the Year Ended 31 January 2024 Trustees Mrs J Fuller Chairman N Edwards Mrsj E Morgan J Alcock N Paffard (resigned 8.7.24) S D Kerr-Davis (resigned 8.7.24) Ms K J Dellow RACIOW A J Swann R P Ellis- Leagas {appoir)ted 19.7.23) Ms A R Dunbar (appointed 8.7.24) Ms L E Morrell (appointed 8.5.24} Ms C Randall (appointed 8.7.24) Company Secretary N Paffard Independent Examlner Deck5 Evans Audit Serviccs Limited Chartered Accountsnts First Floor, West Barn North Frith Farm, Ashtt Lane Hadlow Tonbridge Kent TNII 9QU Bankers Barclays Business Banking 8 Cafverley Road Tunbridge Wells Kent This report has been prepared in accordance with the special provisKsns of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 8 July 2024 and signed on its behalf by: Mrs J Fuller - Trustee Page 2
Independent Examiner's Report to the Trustees of TWODS Limited Independent examiner's report to the trustees of TWODS Limited ('the Company.) report to the charity trustees on my examinatson of the accounts of the Company for the year ended 31 January 2024. Responsibilities and basis of report As the charivs trustees of the Company (and also its dirOrS for the purposes of company law) you are responsible the preparation of the accounts in accordance with the requirements of the Companies Att 2006 ('the 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view ivhich is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recornmended Practicc for accounting and rcporting by charitics (applicablc to charitics preparing their accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Irelarvj (FRS 102)), have no cOnrnS and have come across no other matters In connectlon wlth the examlnation to which attentlon sPKuld be drawn in this report in order to enable a proper understanding of the accounts to be reached. S J Moger Deeks Evans Audit Services Llmited Chartered Accountants First Floor, West Barn North Frith Farm, Ash& Lane Hadlow Tonbridge Kent TNII 9QU 8 July 2024 Page 3
TWODS Limited statement of Financial Activities for the Year Ended 31 January 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 17,282 13,930 Charitable activities Musical productions 176,240 143,976 Investment Income other income Totsl io 614 194 146 157 910 EXPENDITURE ON Charitable activities Musical productions Charitable donations 147,902 160,922 3,514 3,152 Other Total 159 545 171918 NEf INCOMEI(EXPENDITURE) 34,601 {14,008) RECONCILtATION OF FUNDS Totsl funds brought forward 93,262 107,270 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial statements Page 4
TWODS Limited (Registered number: 05296427) Balance Sheet 31 January 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 169 333 CURRENT ASSErs Debtors Cash at bank and in hand 57,445 38,856 147,988 IQO,435 CREDITORS Amounts falling due within one year (20,294) (7,506) NEf CURRENT ASSETS TOTAL ASSETS LESS CURRENf LIABILITIES 127,863 93,262 NEf ASSETS FUNDS Unrestricted funds TOTAL FUNDS 127 io 127 863 127 The charitable company is entitled to exemption from audlt under SLrtlon 477 of the Companies Act 2006 for the year ended 31 January 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance wlth Sectlon 476 of the Companles Att 2006. The trustees acknowled3e their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and prcparing financlal statements which oive a true and fair vlew of the state of affalrs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable cornpany. (b) These financial statements have been prepared in accordance with the provisions appIlble to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 8 July 2024 and were signed on its behalf by: J Fuller - Trustee The notes form part of these financial statements Page 5
TWODS Limited Notes to the Financial Ststements for the Year Ended 31 January 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP (FRS 102) 'Accountlng and Reportlng by Charltle5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Repuilic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation commtting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings thcy havc bccn allocatcd to activitics on a basis consistent with thc use of rcsourccs. Grants offered Subject to condition5 whlch have not been met at the year end date are noted as a commltment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rat in order to write off each asset over its estimated useful life. Fixtures & equlpment 250/0 on cost Taxation The charity 15 exernpt frcth corporation tax on its charitable activities. Fund accounting Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charitv without further specified purpose and are available as general funds. There are no restritted funds. INVESTMENT INCOME 2024 2023 Investment income & interest GRANTS PAYABLE 2024 2023 Charitable donations Page 6 continued...
TWODS Limited Notes to the Financial Statements - continued for the Year Ended 31 January 2024 NET INCOMEI(EXPENDrruRE) Net incomel(expendibJrel is stated after charging/(clting). 2024 2023 Depreciation - owned assets TRusfEES' REMUNERATION AND BENEFITS The Trustees are not remunerated. Trustees, expenses The Trustees received £9,360 (2023 ' £3,313) in the year in the form of reimbursed expenses. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMEKfs FROM DonatnS and legacies 13,930 Charltable actlvltle5 Muslcal productSons 143,976 Investment income Total 157 910 EXPENDITURE ON Charitable activities Musical productions Charitable donations 160,922 3,152 Other Total 171918 NET INCOMEI(EXPENDITURE) (14,008) RECONCILIATION OF FUNDS Total funds brought forward 107,270 TOTAL FUNDS CARRIED FORWARD Page 7 continued...
TWODS Limited Notes to the Financial Statements - continued for the Year Ended 31 January 2024 TANGIBLE FIXED ASSETS Fixtures & equipment COST At l February 2023 and 31 January 2024 DEPRECIATION At l February 2023 Charge for year At 31 January 2024 NET BOOK VALUE At 31 January 2024 At 31 January 2023 5,589 164 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Prepayments 44 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses io. MOVEMENT IN FUNDS Net movement in funds At 31.1.24 At 1.2.23 Unrestrfcted funds General fund 93,262 34,601 127,863 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestrfrted fvnds General fund 194,146 (159,545) 34,601 TOTAL FUNDS 159 545) Page 8 continued...
TWODS Limited Notes to the Financial Statements - continued for the Year Ended 31 January 2024 io. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.1.23 At 1.2.22 Unrestricted funds General fund 107,270 (14,008) 93,262 TOTAL FUNDS 107 270 14 008) Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted fvnds General fund 157,910 (171,918) <14,008) TOTAL FUNDS 14 008) ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2024. 12. ULTIMATE CONTROLLING PARTY The company 5s controlled by the Trustees, Page 9
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