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2024-08-31-accounts

Company Registration Nu Charity Registration Nu

TIP TOP MUSICALS LTD (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024

mber: 09870347 umber: 1165991

TIP TOP MUSICALS LTD ANNUAL REPORT

YEAR ENDED 31 AUGUST 2024

CONTENTS

Page
Directors' Report 1
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes on Accounts 6

TIP TOP MUSICALS LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 A

The Trustees and Directors of the charitable company charity for the year ended 31 August 2024. The financia accounting policies set out on page 16 of the financial s Articles and applicable law. The trustees have adopted (SORP) "Accounting and Reporting by Charities" (FRS the charity.

Legal and administration details

Official name of charity:

Charity registration number:

Company registration number:

Registered Office:

Directors and Trustees:

Bankers:

AUGUST 2024

present their report along with the financial statements of the al statements have been prepared in accordance with the statements and comply with the charity's Memorandum and the provisions of the Statement of Recommended Practice 102) in preparing the annual report and financial statements of

Tip Top Musicals Ltd

1165991

09870347

Park Street Studio Wrexham LL11 2NN

Phil Cross Steve Davies Rhian Lyon Robert Lyon Luke Disley Mark Shenton Joni Rusling

Unity Trust Bank Nine Brindleyplace Birmingham

TIP TOP MUSICALS LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Structure & Governance

Governing document

Tip Top Musicals Ltd is a registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association dated 12th November 2015

Objects

The object of the charity is to promote the advancement and improvement of general education in relation to all aspects of the art of drama, music and the development of public appreciation of such art.

Constitution

The company is a company limited by guarantee and not having a share capital. Each member gives a guarantee to contribute a sum not exceeding £1 to the company should it be wound up. At 31 August 2024 there were 7 members.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United 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 state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Luke Disley

LUKE DISLEY Tip Top Musicals Ltd

Date: 29th June 2025

TIP TOP MUSICALS LTD INDEPENDENT EXAMINER'S REP

I report on the accounts of the Thea

Respective responsibilities of Memb As members of the Theatre, you are requirements of section 43(2) of the It is my responsibility to state on the Commissioners under section 43 (7

Basis of independent Examiner's Re My examination was carried out in a examination includes review of the a with those records. It also includes c explanations from you as members provide all the evidence that would view given by the accounts.

Independent Examiner's Statement In connection with my examination, 1) Which gives me reasonable caus To keep accounting records in acco accounting records and to comply w 2) To which in my opinion attention proper understanding of the accoun

A ROBERTS 29th June 2025

PORT

atre for the Year ended 31st August 2024

bers of the Theatre and Examiner

e responsible for the preparation of the accounts you consider that the audit e Charities Act 1993 (the Act) does not apply.

e basis of procedures specified in the General Directions given by the Charity ) of the Act, whether particular matters have come to my attention.

eport

accordance with the general directions given by the Charity Commissioners. An accounting records kept by the Theatre and a comparison of the accounts presented consideration of any unusual items or disclosures in the accounts, and seeking of the Theatre concerning any such matters. The procedures undertaken do not be required in an audit, and consequently I do not express an audit opinion on the

no matter has come to my attention:

se to believe that in any material respect the requirements: ordance with section 41 of the Act; and to prepare accounts which accord with the with the accounting requirements of the Act. should be drawn in order to enable a nts to be reached.

TIP TOP MUSICALS LTD

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 AUGUST 2024

Notes
Incoming Resources
Incoming resources from charitable activities
1
Donations
Other trading activities
2
Investment Income
Total Incoming Resources
Resources expended on raising funds:
Charitable activities
3
Costs of goods sold
Other costs
4
Total resources expended
Net Movement in Funds
Fund balances brought forward
Fund balances carried forward		 2024
£
34,573
8,353
42,926
27,564
12,888
40,452
2,474
150,578
153,052		 2023
£
125,395
2,065
127,459
111,616
10,270
121,886
5,573
145,005
150,578

There are no recognised gains and losses other than the results for the year set out above.

There is no difference between the amounts stated above and their historical cost equivalents.

TIP TOP MUSICALS LTD BALANCE SHEET

31 AUGUST 2024

FIXED ASSETS
Park Street Studio
Fixtures & Fittings
CURRENT ASSETS
Debtors
Stock
Prepayments
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
Accruals
NET CURRENT ASSETS
CREDITORS - Due after one year
Park Street Bonds
NET ASSETS
CHARITY FUNDS
Unrestricted Income Funds		 2023
£
120,000
2,301
122,301
7,433
0
1,542
23,326
32,301
0
1,551
30,751
0
153,052
153,052		 2023
£
120,000
3,454
123,454
29,973
0
0
6,566
36,539
93
9,322
27,124
0
150,578
150,578

The financial statements were approved and authorised for issue by the board of directors on 29th June 2025 and signed on its behalf by:

Luke Disley

LUKE DISLEY Director

TIP TOP MUSICALS LTD NOTES ON ACCOUNTS YEAR ENDED 31 AUGUST 2024

1
Incoming resources from charitable activities
Ticket Sales
2
Other trading activities
Theatre Hire
Park Street Rental Income
Misc Income
3
Resources expended on charitable activities
Production Costs
4
Resources expended on other costs
The Forum Studio Theatre
Rent
Insurance
Heat & Light
Water
Cleaning
Repairs & Renewals
Exit Costs
Park Street Studio
Water
Heat & Light
Insurance
Repairs & Renewals
Administration
Bank Charges
Loan Interest
Depreciation
IT, Printing & Stationery
Professional Fees
Telephone
Storage Unit
Social Events
Total resources expended on other costs		 2024
£
34,573
34,573
0
0
8,353
8,353
27,564
27,564
0
0
0
0
0
0
0
0
428
4,121
0
1,501
6,050
144
0
1,153
731
113
0
0
4,697
6,838
12,888		 2023
£
125,394
125,394
0
0
2,065
2,065
113,288
113,288
0
0
0
0
0
0
0
0
0
2,447
1,933
365
4,745
201
0
1,153
614
0
0
1,219
666
3,853
8,598