Company Registration Number: 09870347 Charity Registration Number: 1165991
TIP TOP MUSICALS LTD (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
TIP TOP MUSICALS LTD
ANNUAL REPORT
YEAR ENDED 31 AUGUST 2025
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 AUGUST 2025
The Trustees and Directors of the charitable company present their report along with the financial statements of the charity for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 16 of the financial statements and comply with the charity's Memorandum and Articles and applicable law. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
Legal and administration details
Official name of charity: Tip Top Musicals Ltd Charity registration number: 1165991 Company registration number: 09870347 Registered Office: Park Street Studio Wrexham LL11 2NN Directors and Trustees: Phil Cross Steve Davies Luke Disley Rhian Lyon Robert Lyon Joni Rusling Mark Shenton Bankers: Unity Trust Bank Nine Brindleyplace Birmingham
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TIP TOP MUSICALS LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
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 2025 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate 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: 22nd May 2026
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TIP TOP MUSICALS LTD INDEPENDENT EXAMINER'S REPORT
I report on the accounts of the Theatre for the Year ended 31st August 2025
Respective responsibilities of Members of the Theatre and Examiner
As members of the Theatre, you are responsible for the preparation of the accounts you consider that the audit requirements of section 43(2) of the Charities Act 1993 (the Act) does not apply.
It is my responsibility to state on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) of the Act, whether particular matters have come to my attention.
Basis of independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the Theatre and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members of the Theatre concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
1) Which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
2) To which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A ROBERTS 29th June 2025
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TIP TOP MUSICALS LTD CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 AUGUST 2025
| 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 |
2025 2024 £ £ 79 045 34 573 4 817 8 353 83 862 42 926 87 974 27 564 9 132 12 888 97 106 40 452 (13 244) 2 474 153 052 150 578 139 808 153 052 |
|---|---|
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.
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TIP TOP MUSICALS LTD BALANCE SHEET YEAR ENDED 31 AUGUST 2025
| 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 |
2025 £ 120 000 0 120 000 0 0 5 224 14 709 19 933 125 0 19 808 0 139 808 139 808 |
2024 £ 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 |
The financial statements were approved and authorised for issue by the board of directors on 22nd May 2026 and signed on its behalf by:
Luke Disley
LUKE DISLEY Director
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TIP TOP MUSICALS LTD NOTES ON ACCOUNTS YEAR ENDED 31 AUGUST 2025
| 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 |
2025 2024 £ £ 79 045 34 573 79 045 34 573 0 0 0 0 4 817 8 353 4 817 8 353 87 974 27 564 87 974 27 564 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 197 428 2 301 4 121 0 0 597 1 501 3 096 6 050 143 144 0 0 2 301 1 153 567 731 42 113 0 0 0 0 2 983 4 697 6 036 6 838 9 132 12 888 |
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