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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 2024

for

TWODS Limited

TWODS Limited






Contents of the Financial Statements
for the Year Ended 31 January 2024




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 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 31 January 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 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 during the financial year: Chitty Chitty Bang Bang in May/ June 2023 at the Assembly Hall Theatre and A Chorus Line at Trinity Theatre and Arts Centre in November 2023, both in Tunbridge Wells. Chitty Chitty Bang Bang was TWODS's most expensive show ever staged but still mad a modest production profit of £6,545. A Chorus Line incurred a small production loss of £1,858. However, it should be noted that we have estimated theatre tax credits to reclaim of £26,000, bringing the total production profits for the year to £30,687. The Society made charitable donations of £3,514 in the year (2023: £3,152).

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 and energy, and due to generous grants and donations from members and other institutions to support our work.

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 2024 was 181 (2023: 213)

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 2024

Trustees
Mrs J Fuller Chairman
N Edwards
Mrs J E Morgan
J Alcock
N Paffard (resigned 8.7.24)
S D Kerr-Davis (resigned 8.7.24)
Ms K J Dellow
R A Clow
A J Swann
R P Ellis- Leagas (appointed 19.7.23)
Ms A R Dunbar (appointed 8.7.24)
Ms L E Morrell (appointed 8.5.24)
Ms C Randall (appointed 8.7.24)

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 8 July 2024 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 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.








S J Moger

Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

8 July 2024

TWODS Limited

Statement of Financial Activities
for the Year Ended 31 January 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 17,282 13,930

Charitable activities
Musical productions 176,240 143,976

Investment income 2 10 4
Other income 614 -
Total 194,146 157,910

EXPENDITURE ON
Charitable activities
Musical productions 147,902 160,922
Charitable donations
3,514 3,152

Other 8,129 7,844
Total 159,545 171,918

NET INCOME/(EXPENDITURE) 34,601 (14,008 )


RECONCILIATION OF FUNDS
Total funds brought forward 93,262 107,270

TOTAL FUNDS CARRIED FORWARD 127,863 93,262

TWODS Limited (Registered number: 05296427)

Balance Sheet
31 January 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 169 333

CURRENT ASSETS
Debtors 8 57,445 38,856
Cash at bank and in hand 90,543 61,579
147,988 100,435

CREDITORS
Amounts falling due within one year 9 (20,294 ) (7,506 )

NET CURRENT ASSETS 127,694 92,929

TOTAL ASSETS LESS CURRENT LIABILITIES 127,863 93,262

NET ASSETS 127,863 93,262
FUNDS 10
Unrestricted funds 127,863 93,262
TOTAL FUNDS 127,863 93,262

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


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

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 8 July 2024 and were signed on its behalf by:





J Fuller - Trustee

TWODS Limited

Notes to the Financial Statements
for the Year Ended 31 January 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
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
2024 2023
£    £   
Investment income & interest 10 4

3. GRANTS PAYABLE
2024 2023
£    £   
Charitable donations

3,514 3,152


TWODS Limited

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 164 183

5. TRUSTEES' REMUNERATION AND BENEFITS

The Trustees are not remunerated.

Trustees' expenses

The Trustees received £9,360 (2023 : £3,313) 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 13,930

Charitable activities
Musical productions 143,976

Investment income 4
Total 157,910

EXPENDITURE ON
Charitable activities
Musical productions 160,922
Charitable donations
3,152

Other 7,844
Total 171,918

NET INCOME/(EXPENDITURE) (14,008 )


RECONCILIATION OF FUNDS
Total funds brought forward 107,270

TOTAL FUNDS CARRIED FORWARD 93,262


TWODS Limited

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1 February 2023 and 31 January 2024 5,922
DEPRECIATION
At 1 February 2023 5,589
Charge for year 164
At 31 January 2024 5,753
NET BOOK VALUE
At 31 January 2024 169
At 31 January 2023 333

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 57,445 38,856

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 20,294 7,506

10. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 93,262 34,601 127,863

TOTAL FUNDS 93,262 34,601 127,863

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 194,146 (159,545 ) 34,601

TOTAL FUNDS 194,146 (159,545 ) 34,601


TWODS Limited

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for 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

Comparative 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 )

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the Trustees.