**REGISTERED COMPANY NUMBER: 01070851 (England and Wales) REGISTERED CHARITY NUMBER: 264920**
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 September 2024
for
Three O'Clock Productions Limited
Cansdales Business Advisers Limited St Mary's Court The Broadway Old Amersham Bucks HP7 0UT
Three O'Clock Productions Limited
Contents of the Financial Statements for the Year Ended 30 September 2024
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet|5|to|6|
|Notes to the Financial Statements|7|to|11|
|Detailed Statement of Financial Activities||12||
Three O'Clock Productions Limited
## Report of the Trustees
## for the Year Ended 30 September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal activity of the charitable company is to maintain, advance and promote the Christian religion through the production of radio and television programmes. The charitable company (registration number 1070851), which is limited by guarantee, is registered as a Charity (number 264920).
It is the policy of the Directors to make grants to institutions and individuals in accordance with the objects of the charitable company for charitable causes from funds available for distribution.
## **FINANCIAL REVIEW**
## **Financial position**
The Directors have followed the guidance in the Charity Commission's General Guidance on Public Benefit when reviewing our aims and objectives and in planning our activities. In particular, the Directors consider how the planned activities of the Trust will contribute to the aims and objectives they have set. The company exists to further the Christian religion, principally through the electronic media, by providing training, advice, supporting technology and responding directly to media requests for briefings and contributions. The company continues to make significant contributions to the understanding of the structures and agendas of the media and the development of expertise among church leaders. We continued to advise members of the Archbishops' Council, the General Synod and Church of England and Church Commissioners staff about dealing with the media. We continue to support the work of, inter alia, the International Christian Media Commission Ltd., Premier Christian Radio, the Li Tim-Oi Foundation, The Anglican Communion, the Cambridge Coexist Leadership Programme, the Methodist Church of England and Wales and Bible Society.
During the year equipment owned, operated and maintained by the Company facilitated frequent local, national and international radio to the furtherance of the Christian faith.
The company maintains its slim management structure of two directors and no employees. Office and professional expenses continue to be kept at an absolute minimum.
## **Reserves policy**
It is the policy of the charitable company to maintain unrestricted funds, which are the free reserves of the charitable company, at a level which is sufficient to enable the charitable company to continue its ongoing work and cover its management and administration costs for a reasonable period in the event of a significant drop in funding.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
01070851 (England and Wales)
Page 1
Three O'Clock Productions Limited
Report of the Trustees for the Year Ended 30 September 2024
**Registered Charity number** 264920
## **Registered office**
Semaphore Lodge 30 Weybourne Road Sheringham Norfolk NR26 8HF
## **Trustees**
C D Rees T R Rees Retired C H M Rees Cbe Clerk In Holy Orders
## **Independent Examiner**
Caroline Brazier Cansdales Business Advisers Limited St Mary's Court The Broadway Old Amersham Bucks HP7 0UT
## **PLANS FOR FUTURE PERIODS**
The company has gone through a period of transition consequent to a re-location. We seek to establish new areas of activity in our new location and continue to work with like-minded individuals and entities in the local, national and international Church.
Approved by order of the board of trustees on 2[nd] June 2025 and signed on its behalf by:
2[nd] June 2025.
C D Rees - Trustee
Page 2
Independent Examiner's Report to the Trustees of Three O'Clock Productions Limited
Independent examiner's report to the trustees of Three O'Clock Productions Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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 which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Caroline Brazier
Cansdales Business Advisers Limited St Mary's Court The Broadway Old Amersham Bucks HP7 0UT
Date: .............................................
Page 3
Three O'Clock Productions Limited
## Statement of Financial Activities
## for the Year Ended 30 September 2024
|2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
2
Charitable Income
36,392
EXPENDITURE ON
Charitable activities
3
Charitable Expenditure
29,130
NET INCOME/(EXPENDITURE)
7,262
RECONCILIATION OF FUNDS
Total funds brought forward
6,950
TOTAL FUNDS CARRIED FORWARD
14,212|2023
Total
funds
£
15,398
20,301
(4,903)
11,853
6,950|
|---|---|
The notes form part of these financial statements
Page 4
Three O'Clock Productions Limited
## Balance Sheet
## 30 September 2024
|2024
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
241
CURRENT ASSETS
Debtors
9
4,980
Cash at bank
11,487
16,467
CREDITORS
Amounts falling due within one year
10
(2,496)
NET CURRENT ASSETS
13,971
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,212
NET ASSETS/(LIABILITIES)
14,212
FUNDS
11
Unrestricted funds
14,212
TOTAL FUNDS
14,212|2023
Total
funds
£
284
7,230
3,151
10,381
(3,715)
6,666
6,950
6,950
6,950
6,950|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge 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
- (b) preparing financial statements which give a true and fair view of the state of affairs 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 company.
The notes form part of these financial statements
Page 5
continued...
Three O'Clock Productions Limited
## Balance Sheet - continued
## 30 September 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2[nd] June 2025 and were signed on its behalf by:
2[nd] June 2025
C D Rees - Trustee
The notes form part of these financial statements
Page 6
Three O'Clock Productions Limited
## Notes to the Financial Statements
for the Year Ended 30 September 2024
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **INCOME**
Income is recognised when the Charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## **EXPENDITURE**
Expenditure is accounted for on an accrual basis, inclusive of VAT which cannot be recovered. Charitable Activities includes those costs which meet the objectives of the charitable company by relating directly to the advancement, support and education of religious and charitable groups. Governance costs are those incurred in meeting the statutory requirements of running the charitable company.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds are available for use at the discretion of the Directors in furtherance of their charitable objectives unless the funds have been designated for other purposes.
## **GOING CONCERN**
The financial statements of the charitable company show that they have insufficient funds to meet its liabilities as they fall due. However these financial statements have been prepared on a going concern basis based on the undertakings provided by the directors who will continue to support it.
The charitable company has already taken steps to address this situation and has secured training contracts which will start to address the deficit. The directors are confident that the charity is still viable and it will return to having net current assets in due course.
continued...
Page 7
Three O'Clock Productions Limited
## Notes to the Financial Statements - continued for the Year Ended 30 September 2024
|**2.**|**INCOME FROM CHARITABLE ACTIVITIES**|**INCOME FROM CHARITABLE ACTIVITIES**||||
|---|---|---|---|---|---|
|||||**2024**|**2023**|
|||**Activity**||**£**|**£**|
||UF Charitable income 1|Charitable Income||36,392|15,398|
|**3.**|**CHARITABLE ACTIVITIES**|**COSTS**||||
||||**Direct**|**Support**||
||||**Costs (see**|**costs (see**||
||||**note 4)**|**note 5)**|**Totals**|
||||**£**|**£**|**£**|
||Charitable Expenditure|||||
||||27,287|1,843|29,130|
|**4.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**|||||
|||||**2024**|**2023**|
|||||**£**|**£**|
||Sundries|||140|168|
||Fees out|||1,201|2,204|
||Office Cost|||17,354|7,747|
||Church & media|||2,299|1,830|
||Maintenance|||1,040|407|
||Travel|||5,210|6,089|
||Depreciation|||43|50|
|||||27,287|18,495|
|**5.**|**SUPPORT COSTS**|||||
||||||**Management**|
||||||**£**|
||Charitable Expenditure|||||
||||||1,843|
continued...
Page 8
Three O'Clock Productions Limited
## Notes to the Financial Statements - continued
## for the Year Ended 30 September 2024
## **5. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
|**SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:|||
|---|---|---|
||**2024**|**2023**|
||**Charitable**|**Total**|
||**Expenditure**|**activities**|
||**£**|**£**|
|Accountancy|1,794|1,794|
|Interest payable and similar charges|49|12|
||1,843|1,806|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||**2024**|**2023**|
||**£**|**£**|
|Depreciation - owned assets|43|50|
## **6. NET INCOME/(EXPENDITURE)**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
## **8. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||
|---|---|
||**Fixtures**|
||**and**|
||**fittings**|
||**£**|
|**COST**||
|At 1 October 2023 and 30 September 2024|16,304|
|**DEPRECIATION**||
|At 1 October 2023|16,020|
|Charge for year|43|
|At 30 September 2024|16,063|
|**NET BOOK VALUE**||
|At 30 September 2024|241|
|At 30 September 2023|284|
continued...
Page 9
Three O'Clock Productions Limited
|||Notes to the Financial Statements-continued|Notes to the Financial Statements-continued|||
|---|---|---|---|---|---|
|||for the Year Ended 30 September 2024||||
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**2024**|**2023**|
|||||**£**|**£**|
||Director loan Account|||4,980|7,230|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**2024**|**2023**|
|||||**£**|**£**|
||Other creditors|||702|1,921|
||Accrued expenses|||1,794|1,794|
|||||2,496|3,715|
|**11.**|**MOVEMENT IN FUNDS**|||||
|||||**Net**||
||||**At**|**movement**|**At**|
|||**1.10.23**||**in funds**|**30.9.24**|
||||**£**|**£**|**£**|
||**Unrestricted funds**|||||
||General fund||6,950|7,262|14,212|
||**TOTAL FUNDS**||6,950|7,262|14,212|
||Net movement in funds, included in the above are as follows:|||||
|||**Incoming**||**Resources**|**Movement**|
|||**resources**||**expended**|**in funds**|
||||**£**|**£**|**£**|
||**Unrestricted funds**|||||
||General fund|36,392||(29,130)|7,262|
||**TOTAL FUNDS**|36,392||(29,130)|7,262|
||**Comparatives for movement in funds**|||||
|||||**Net**||
||||**At**|**movement**|**At**|
|||**1.10.22**||**in funds**|**30.9.23**|
||||**£**|**£**|**£**|
||**Unrestricted funds**|||||
||General fund|11,853||(4,903)|6,950|
||**TOTAL FUNDS**|11,853||(4,903)|6,950|
continued...
Page 10
Three O'Clock Productions Limited
## Notes to the Financial Statements - continued for the Year Ended 30 September 2024
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|15,398|(20,301)|(4,903)|
|**TOTAL FUNDS**|15,398|(20,301)|(4,903)|
## **12. RELATED PARTY DISCLOSURES**
Energy, communications, Mobiles, IT and storage costs of £8,891 during the year which were incurred by the director, Mr C D Rees personally and these have been reimbursed by the company to him.
Page 11
Three O'Clock Productions Limited
|**INCOME AND ENDOWMENTS**
**Charitable activities**
UF Charitable income 1
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Sundries
Fees out
Office Cost
Church & media
Maintenance
Travel
Fixtures and fittings
**Support costs**
**Management**
Accountancy
Bank Interest and charges
Total resources expended
**Net income/(expenditure)**|Detailed Statement of Financial Activities
for the Year Ended 30 September 2024
**2024**
**2023**
**£**
**£**
36,392
15,398
36,392
15,398
140
168
1,201
2,204
17,354
7,747
2,299
1,830
1,040
407
5,210
6,089
43
50
27,287
18,495
1,794
1,794
49
12
1,843
1,806
29,130
20,301
7,262
(4,903)|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 12