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 2026

for

TWODS Limited

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

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 2026. 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: Annie in May/June 2025, and Sound of Music in November 2025, both at the Assembly Hall Theatre. Prior to theatre tax credits being reclaimed, Annie made a production loss of £5,456, and Sound of Music made a modest production profit of £2,562. Theatre tax credits to reclaim have been estimated at £28,224, bringing the total production profits for the year, after show-associated charitable donations, to £24,163 (2025: £32,293). The Society made charitable donations of £15,000 in the year (2024: £3,472). The reason for the uplift in charitable donations is that, as well as rounding up our bucket collection proceeds for each show to £2,500 per show, at its December meeting the board also voted to donate a total of £10,000 further to four other local charities (£2,500 each).

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 2026 was 175 (2025: 192).

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

Trustees

Mrs J Fuller Chairman

Mrs N Edwards

Mrs J E Morgan

J Alcock (resigned 23.9.26)

Ms K J Dellow (resigned 20.4.26)

R A Clow (resigned 17.9.25)

A J Swann

R P Ellis-Leagas

Ms L E Morrell (resigned 8.12.25)

Miss C Randall

Ms R O Firth (appointed 23.9.26)

Ms J C Jukes (appointed 23.9.26)

M J Morgan (appointed 17.9.25)

K G Chilman (appointed 8.12.25)

T J Taylor (appointed 17.9.25)

A G Snyder (appointed 17.9.25)

Company Secretary

M J Morgan

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 15 October 2026 and signed on its behalf by:

Mrs J Fuller - Trustee

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 2026.

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

15 October 2026

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

14,483

13,948

Charitable activities

Musical productions

197,352

139,156

Investment income

2

-

8

Other income

291

636

Total

212,126

153,748

EXPENDITURE ON

Charitable activities

Musical productions

172,806

109,297

Charitable donations

15,000

3,472

Other

8,840

6,526

Total

196,646

119,295

NET INCOME

15,480

34,453

RECONCILIATION OF FUNDS

Total funds brought forward

162,316

127,863

TOTAL FUNDS CARRIED FORWARD

177,796

162,316

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

7

-

26

CURRENT ASSETS

Debtors

8

42,133

29,560

Cash at bank and in hand

154,937

137,224

197,070

166,784

CREDITORS

Amounts falling due within one year

9

(19,274

)

(4,494

)

NET CURRENT ASSETS

177,796

162,290

TOTAL ASSETS LESS CURRENT LIABILITIES

177,796

162,316

NET ASSETS

177,796

162,316

FUNDS

10

Unrestricted funds

177,796

162,316

TOTAL FUNDS

177,796

162,316

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 15 October 2026 and were signed on its behalf by:

J Fuller - Trustee

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

2026

2025

£

£

Investment income & interest

-

8

3.	GRANTS PAYABLE

2026

2025

£

£

Charitable donations

15,000

3,472

The charity made the following grants during the year:

202

6

2025

£

£

Tree of Hope

-

3,472

Maidstone and Tunbridge Wells NHS

2,500

-

Hospice in the Weald

2,500

-

Porchlight

2,500

-

Kent of Music

2,500

-

Pickering Cancer Centre

2,500

-

Nourish Community Foodbank

2,500

-

15,000

3,472

4.	NET INCOME/(EXPENDITURE)

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

2026

2025

£

£

Depreciation - owned assets

26

143

5.	TRUSTEES' REMUNERATION AND BENEFITS

The Trustees are not remunerated.

Trustees' expenses

The Trustees received £5,165 (2025 : £3,028) 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

13,948

Charitable activities

Musical productions

139,156

Investment income

8

Other income

636

Total

153,748

EXPENDITURE ON

Charitable activities

Musical productions

109,297

Charitable donations

3,472

Other

6,526

Total

119,295

NET INCOME

34,453

RECONCILIATION OF FUNDS

Total funds brought forward

127,863

TOTAL FUNDS CARRIED FORWARD

162,316

7.	TANGIBLE FIXED ASSETS

Fixtures

& equipment

£

COST

At 1 February 2025 and 31 January 2026

5,922

DEPRECIATION

At 1 February 2025

5,896

Charge for year

26

At 31 January 2026

5,922

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

26

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

42,133

29,560

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Accrued expenses

19,274

4,494

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.2.25

in funds

31.1.26

£

£

£

Unrestricted funds

General fund

162,316

15,480

177,796

TOTAL FUNDS

162,316

15,480

177,796

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

212,126

(196,646

)

15,480

TOTAL FUNDS

212,126

(196,646

)

15,480

Comparatives for movement in funds

Net

movement

At

At 1.2.24

in funds

31.1.25

£

£

£

Unrestricted fund

127,863

34,453

162,316

TOTAL FUNDS

127,863

34,453

162,316

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

153,748

(119,295

)

34,453

TOTAL FUNDS

153,748

(119,295

)

34,453

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2026.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Trustees.