**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
1
**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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
2
**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**
3
**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.
4
## **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**
5
**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|
|---|---|
6