IRIS Accounts Productionv23.2.0.158OtherCompany accountsTruefalsePounds1.2.2231.1.2331.1.23FYFRS 102Independent examinerLarge and medium-sized companies regime for accountsFullCharities SORPtruefalsetruetruetruefalsetruefalsetrue00 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052964272022-01-31052964272023-01-31052964272022-02-012023-01-31052964272021-01-31052964272021-02-012022-01-31052964272022-01-3105296427ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-02-012023-01-3105296427ns11:Original2022-02-012023-01-3105296427ns15:PoundSterlingns11:Original2022-02-012023-01-3105296427ns11:Original2022-01-3105296427ns11:Original2023-01-3105296427ns11:Originalns11:FRS1022022-02-012023-01-3105296427ns11:IndependentExaminationCharityns11:Original2022-02-012023-01-3105296427ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-02-012023-01-3105296427ns11:Originalns11:FullAccounts2022-02-012023-01-3105296427ns11:Originalns11:CharitiesSORP2022-02-012023-01-3105296427ns11:Original22022-02-012023-01-3105296427ns11:Original2021-02-012022-01-3105296427ns11:Originalns16:EnglandWales2022-02-012023-01-3105296427ns11:Originalns11:RegisteredOffice2022-02-012023-01-3105296427ns11:Originalns0:Trustee22022-02-012023-01-3105296427ns11:Originalns0:Trustee12022-02-012023-01-3105296427ns11:Originalns0:Trustee32022-02-012023-01-3105296427ns11:Originalns0:Trustee42022-02-012023-01-3105296427ns11:Originalns0:Trustee52022-02-012023-01-3105296427ns11:Originalns0:Trustee62022-02-012023-01-3105296427ns0:Trustee7ns11:Original2022-02-012023-01-3105296427ns0:Trustee8ns11:Original2022-02-012023-01-3105296427ns11:Originalns0:Trustee92022-02-012023-01-3105296427ns11:Originalns0:Trustee102022-02-012023-01-3105296427ns0:Trustee11ns11:Original2022-02-012023-01-3105296427ns11:Originalns0:Trustee122022-02-012023-01-3105296427ns11:Originalns11:CompanySecretary12022-02-012023-01-3105296427ns11:Originalns11:MainIndustrySectorHeading2022-02-012023-01-3105296427ns11:Originalns11:MainIndustrySectorHeading2021-02-012022-01-3105296427ns11:Original2021-01-3105296427ns11:Original2022-01-3105296427ns11:Originalns10:WithinOneYear2023-01-3105296427ns11:Originalns10:WithinOneYear2022-01-3105296427ns11:Originalns0:TotalUnrestrictedFunds2023-01-3105296427ns11:Originalns10:ComputerEquipment2022-02-012023-01-3105296427ns11:Original22022-02-012023-01-3105296427ns11:Originalns10:OwnedAssets2022-02-012023-01-3105296427ns11:Originalns10:OwnedAssets2021-02-012022-01-3105296427ns11:Originalns10:ComputerEquipment2022-01-3105296427ns11:Originalns10:ComputerEquipment2023-01-3105296427ns11:Originalns10:ComputerEquipment2022-01-31

REGISTERED COMPANY NUMBER: 05296427 (England and Wales)

REGISTERED CHARITY NUMBER: 1110254
















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2023

for


TWODS Limited



TWODS Limited








Contents of the Financial Statements

for the Year Ended 31 January 2023






Page




Report of the Trustees  

1


to


2



Independent Examiner's Report  

3




Statement of Financial Activities  

4




Balance Sheet  

5




Notes to the Financial Statements  

6


to


9



TWODS Limited (Registered number: 05296427)



Report of the Trustees

for the Year Ended 31 January 2023



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 31 January 2023. 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 company is a charity and exists to educate 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.

Review of activities by the Chairman

The charity presented two musical productions at the Assembly Hall Theatre in Tunbridge Wells during the financial year: Shrek The Musical in June 2022 and Me and My Girl in November 2022. In accordance with its objectives, the Society welcomed the opportunity to return to staging two shows per year after the pandemic, and both productions were artistically successful, with Me and My Girl winning the NODA Southeast award for Best Traditional Musical. Due largely to high costs (for Shrek in particular) and disappointing ticket sales post-pandemic for both shows, Shrek incurred a production loss of £22,656, and Me and My Girl incurred a production loss of £14,942. However, it should be noted that we have estimated theatre tax credits to reclaim of £25,000, bringing the total production losses for the year to £12,598. The Society made charitable donations of £3,152 in the year (2022: £2,025).

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, particularly during the pandemic.

FINANCIAL REVIEW

Reserves 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 maintained in order to safeguard the future viability of the charity. Funds will be made available to help local charities as appropriate.

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.


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 charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 January 2023 was 213 (2022: 195).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05296427 (England and Wales)


Registered Charity number

1110254


Registered office

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU




TWODS Limited (Registered number: 05296427)



Report of the Trustees

for the Year Ended 31 January 2023


Trustees

P K Denman (resigned 12.7.22)

Mrs J Fuller Chairman

N Edwards

Mrs J E Morgan

G V Franks (resigned 12.7.22)

J Alcock

N Paffard

S D Kerr-Davis

Ms K J Dellow

R A Clow

A J Swann

R P Ellis- Leagas (appointed 19.7.23)


Company Secretary

N Paffard


Independent Examiner

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU


Bankers

Barclays Business Banking

8 Calverley Road

Tunbridge Wells

Kent


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 3 October 2023 and signed on its behalf by:






Mrs J Fuller - Trustee


Independent Examiner's Report to the Trustees of

TWODS Limited


Independent examiner's report to the trustees of TWODS Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023.


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.









S J Moger


Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU


3 October 2023



TWODS Limited



Statement of Financial Activities

for the Year Ended 31 January 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

13,930


8,984



Charitable activities

Musical productions

143,976


38,213



Investment income

2

4


2


Total

157,910


47,199



EXPENDITURE ON

Charitable activities

Musical productions

160,922


64,040


Charitable donations



3,152


2,025



Other

7,844


6,368


Total

171,918


72,433



NET INCOME/(EXPENDITURE)

(14,008

)

(25,234

)



RECONCILIATION OF FUNDS

Total funds brought forward

107,270


132,504



TOTAL FUNDS CARRIED FORWARD

93,262


107,270




TWODS Limited (Registered number: 05296427)



Balance Sheet

31 January 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


FIXED ASSETS


Tangible assets

7

333


410



CURRENT ASSETS


Debtors

8

38,856


24,950


Cash at bank and in hand

61,579


95,278


100,435


120,228



CREDITORS


Amounts falling due within one year

9

(7,506

)

(13,368

)


NET CURRENT ASSETS

92,929


106,860



TOTAL ASSETS LESS CURRENT LIABILITIES

93,262


107,270



NET ASSETS

93,262


107,270


FUNDS

10

Unrestricted funds

93,262


107,270


TOTAL FUNDS

93,262


107,270



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

These financial statements have been prepared in accordance with the provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 3 October 2023 and were signed on its behalf by:






J Fuller - Trustee



TWODS Limited



Notes to the Financial Statements

for the Year Ended 31 January 2023


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


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.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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 they have been allocated to activities on a basis consistent with the use of resources.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Fixtures & equipment

-

25% on cost



Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

There are no restricted funds.

2.

INVESTMENT INCOME


2023


2022

£   

£   



Investment income & interest

4


2




3.

GRANTS PAYABLE


2023


2022

£   

£   



Charitable donations



3,152


2,025





The charity made the following grants during the year:



202

3

2022



£  


£  



Pickering Cancer Drop-in centre

2,002

-



Kent Young Carers (Imago)

1,000

-



Dementia UK

150

-



Nourish Food Bank

  -

1,750



Cardiomyopathy UK

     -

100




TWODS Limited



Notes to the Financial Statements - continued

for the Year Ended 31 January 2023


3.

GRANTS PAYABLE - continued



Artytime Community

       -

50



Wildlife A&E

     -


50



Epilepsy Action


     -

  

25



Kent, Surrey & Sussex Air Ambulance Trust

     -


25



Hospice in the Weald

     -


125





3,152


2,025



4.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2023


2022

£   

£   



Depreciation - owned assets

183


168




5.

TRUSTEES' REMUNERATION AND BENEFITS



The Trustees are not remunerated.



Trustees' expenses



The Trustees received £3,313  (2022 : £1,522)  in the year in the form of reimbursed expenses.


6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

8,984




Charitable activities


Musical productions

38,213




Investment income

2



Total

47,199




EXPENDITURE ON


Charitable activities


Musical productions

64,040



Charitable donations




2,025




Other

6,368



Total

72,433




NET INCOME/(EXPENDITURE)

(25,234

)




RECONCILIATION OF FUNDS


Total funds brought forward

132,504





TWODS Limited



Notes to the Financial Statements - continued

for the Year Ended 31 January 2023


6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


fund

£   



TOTAL FUNDS CARRIED FORWARD

107,270



7.

TANGIBLE FIXED ASSETS


Fixtures


& equipment

£   



COST


At 1 February 2022

5,816




Additions

106




At 31 January 2023

5,922




DEPRECIATION


At 1 February 2022

5,406




Charge for year

183




At 31 January 2023

5,589




NET BOOK VALUE


At 31 January 2023

333




At 31 January 2022

410




8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Prepayments

38,856


24,950




9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Accrued expenses

7,506


13,368




10.

MOVEMENT IN FUNDS


Net




movement


At



At 1.2.22


in funds


31.1.23


£   

£   

£   



Unrestricted funds


General fund

107,270


(14,008

)

93,262





TOTAL FUNDS

107,270


(14,008

)

93,262





TWODS Limited



Notes to the Financial Statements - continued

for the Year Ended 31 January 2023


10.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

157,910


(171,918

)

(14,008

)




TOTAL FUNDS

157,910


(171,918

)

(14,008

)





Comparatives for movement in funds



Net




movement


At



At 1.2.21


in funds


31.1.22


£   

£   

£   



Unrestricted funds


General fund

132,504


(25,234

)

107,270





TOTAL FUNDS

132,504


(25,234

)

107,270





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

47,199


(72,433

)

(25,234

)




TOTAL FUNDS

47,199


(72,433

)

(25,234

)



11.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 January 2023.


12.

ULTIMATE CONTROLLING PARTY


The company is controlled by the Trustees.