**REGISTERED CHARITY NUMBER: 1177736** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 December 2024** ## **for** **Romford Drum and Trumpet Corps (RDTC)** Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL **Romford Drum and Trumpet Corps (RDTC)** ## **Contents of the Financial Statements for the Year Ended 31 December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**|6|to|7| |**Notes to the Financial Statements**|8|to|12| |**Detailed Statement of Financial Activities**|13|to|14| ## **Romford Drum and Trumpet Corps (RDTC)** ## **Report of the Trustees for the Year Ended 31 December 2024** The trustees present their report with the financial statements of the charity for the year ended 31 December 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 object of the charity is to advance the education of the public in the appreciation of marching band music and in particular to advance the education and training of young people in the playing of marching band instruments by establishing and maintaining a marching youth band. ## **Significant activities** The charity's main activities are: ## 1 - RDTC - Youth Marching Band. The band is open to any boy or girl who wishes to join. Uniform, instruments and tuition are provided free of charge with no subscriptions being payable. The corps performs at events all over the world in order to promote opportunities and development of the members and leaders. ## 2 - Taunton Hall. Taunton hall was obtained by the charity in 2011 and funding was raised for the refurbishment. The hall is maintained as the headquarters and delivery base of the charity. Spare capacity at the hall is rented out to other local charities and community members of which the rental monies received helps to cover the running costs. ## **Public benefit** The trustees have considered the requirements to ensure the charity provides a benefit to the public. The Board have concluded that the work they provide to the youth of the local area demonstrates the benefit to the public. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** During the year the charity worked with over 50 young people within the marching band, providing musical tuition and instruction as well as performance opportunities. Youngsters experienced various opportunities throughout the year including travelling within the UK and abroad for performance opportunities. ## **Fundraising activities** Various fundraising activities were conducted in the year to raise additional funds for use in charitable activities. Fundraising activities were managed and operated by the main committee during the year and at no time was a professional fundraiser engaged. ## **FINANCIAL REVIEW** ## **Principal funding sources** The charity receives the majority of its funds from donations towards the band performing as well as from venue hire from lettings of Taunton Hall. Venue hire continued at a stable level in the year and was used to maintain the operation of the building. Additional income was achieved this year through several grant applications applied for by the Band Director. Three applications were successful with a £10,000 grant for uniforms, a £2,500 for instruments and a starter Drum Kit obtained. Page 1 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Report of the Trustees for the Year Ended 31 December 2024** ## **FINANCIAL REVIEW** ## **Reserves policy** The Romford Drum & Trumpet Corps (hereafter called RDTC) has 3 sources of income which are (1) income fees from performances (2) local fundraising activities (3) ad hoc donations. None of these source are guaranteed, it is crucial therefore to ensure there are sufficient reserve funds to allow RDTC to continue to operate for a period of not less than 12 months whilst fundraising takes place to operate normally or to wind up the organisation allowing time for the organisation to meet its obligations to staff and service users if existing sources of income were to cease. RDTC is currently dependent on local fundraising and ad hoc donations to sustain its activities as earned income alone would not allow RDTC to continue operating. This means that if there was no local fundraising or ad hoc donations it is likely that RDTC would have to cease operating. To avoid closure if funding difficulties were to happen, the trustees of RDTC have agreed to keep a level of financial reserves to operate for at least 12 months. Following the decision to surrender the lease with London Borough of Havering (LBH), hire agreements with Redbridge Brass Band and the Dance School ceased as of December 2022. In the current transistion period, the hire agreement with Koru School continues into 2025. Current funding has been secured until the end of 2025 but if difficulties were to arise, or should all income cease and/or the surrender of the lease with LBH differ to current financial and time expectations it has been estimated that £53,000 would be needed to continue to function for the following 12 months. Going forward policy reviewed and approved by the Trustees on an annual basis. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Recruitment and appointment of new trustees** New trustees are sourced from trusted persons connected to the activities of the charity. The trustees are voted in at a meeting of the members. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1177736 ## **Principal address** 7 Spey Way Romford Essex RM1 4YP ## **Trustees** J Jones Ms N Stone-Riley Mrs K Milsom M Cook J Marshall Trustee J Lane (appointed 1.3.2024) J Ainsworth (appointed 1.3.2024) ## **Independent Examiner** Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL Page 2 **Romford Drum and Trumpet Corps (RDTC)** ## **Report of the Trustees for the Year Ended 31 December 2024** Approved by order of the board of trustees on 21 October 2025 and signed on its behalf by: Ms N Stone-Riley - Trustee Page 3 ## **Independent Examiner's Report to the Trustees of Romford Drum and Trumpet Corps (RDTC)** ## **Independent examiner's report to the trustees of Romford Drum and Trumpet Corps (RDTC)** I report to the charity trustees on my examination of the accounts of Romford Drum and Trumpet Corps (RDTC) (the Trust) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. H Meagher Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL 21 October 2025 Page 4 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Statement of Financial Activities for the Year Ended 31 December 2024** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
15,449
**Charitable activities**
5
Taunton Hall
27,268
Marching Band
-
Other trading activities
3
21,123
Investment income
4
1,458
**Total**
65,298
**EXPENDITURE ON**
Raising funds
6
13,002
**Charitable activities**
7
Taunton Hall
32,787
Marching Band
22,393
Other
60
**Total**
68,242
**NET INCOME/(EXPENDITURE)**
(2,944)
**RECONCILIATION OF FUNDS**
Total funds brought forward
315,027
**TOTAL FUNDS CARRIED FORWARD**
312,083|Restricted
funds
£
-
-
12,500
-
-
12,500
-
-
1,125
-
1,125
11,375
-
11,375|31.12.24
31.12.23
Total
Total
funds
funds
£
£
15,449
12,980
27,268
33,253
12,500
-
21,123
9,392
1,458
1,223
77,798
56,848
13,002
5,845
32,787
29,793
23,518
26,666
60
-
69,367
62,304
8,431
(5,456)
315,027
320,483
323,458
315,027| |---|---|---| The notes form part of these financial statements Page 5 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Balance Sheet 31 December 2024** |Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
198,820
**CURRENT ASSETS**
Stocks
12
260
Debtors
13
5,506
Cash at bank and in hand
107,589
113,355
**CREDITORS**
Amounts falling due within one year
14
(92)
**NET CURRENT ASSETS**
113,263
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
312,083
**NET ASSETS**
312,083|Restricted
funds
£
-
-
-
11,375
11,375
-
11,375
11,375
11,375|31.12.24
Total
funds
£
198,820
260
5,506
118,964
124,730
(92)
124,638
323,458
323,458|31.12.23
Total
funds
£
204,248
255
2,776
107,840
110,871
(92)
110,779
315,027
315,027| |---|---|---|---| The notes form part of these financial statements Page 6 continued... ## **Romford Drum and Trumpet Corps (RDTC)** ## **Balance Sheet - continued 31 December 2024** |**FUNDS**
15
Unrestricted funds:
General fund
Designated - Hall maintenance & groundworks
fund
Designated - Instrument and uniform
maintenance fund
Designated - Building depreciation fund
Designated - Coronavirus fund
Restricted funds:
Restricted - Backstage Trust
Restricted - Hedley Grant
**TOTAL FUNDS**|228,432
10,000
10,000
53,651
10,000
312,083
9,140
2,235
11,375
323,458|231,966
10,000
10,000
53,061
10,000| |---|---|---| |||315,027| |||-
-| |||-| |||| |||315,027| The financial statements were approved by the Board of Trustees and authorised for issue on 21 October 2025 and were signed on its behalf by: N Stone-Riley - Trustee M Cook - Trustee The notes form part of these financial statements Page 7 **Romford Drum and Trumpet Corps (RDTC)** ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - in accordance with the property Fixtures and fittings - 10% on reducing balance Instruments and other equipment have been valued at net realisable value and will be revalued each year. This is a departure from recognised accounting principles, but we consider it to show a true and fair view of the value. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 8 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** |**2.**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**||| |---|---|---|---|---| ||||31.12.24|31.12.23| ||||£|£| ||Donations||15,449|12,980| |**3.**|**OTHER TRADING ACTIVITIES**|||| ||||31.12.24|31.12.23| ||||£|£| ||Fundraising activities||21,123|9,392| |**4.**|**INVESTMENT INCOME**|||| ||||31.12.24|31.12.23| ||||£|£| ||Deposit account interest||1,458|1,223| |**5.**|**INCOME FROM CHARITABLE ACTIVITIES**|||| ||||31.12.24|31.12.23| |||Activity|£|£| ||Venue hire|Taunton Hall|27,268|33,253| ||Grants received|Marching Band|12,500|-| ||||39,768|33,253| ||Grants received, included in the above, are as follows:|||| ||||31.12.24|31.12.23| ||||£|£| ||Backstage Trust||10,000|-| ||Hedley Foundation||2,500|-| ||||12,500|-| |**6.**|**RAISING FUNDS**|||| ||**Raising donations and legacies**|||| ||||31.12.24|31.12.23| ||||£|£| ||Fundraising expenses||13,007|5,850| ||**Other trading activities**|||| ||||31.12.24|31.12.23| ||||£|£| ||Opening stock||255|250| ||Closing stock||(260)|(255)| ||||(5)|(5)| ||Aggregate amounts||13,002|5,845| continued... Page 9 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **7. CHARITABLE ACTIVITIES COSTS** |Taunton Hall
Marching Band|Support
Direct
costs (see
Costs
note 8)
£
£
29,902
2,885
23,008
510
52,910
3,395|Totals
£
32,787
23,518| |---|---|---| |||56,305| ## **8. SUPPORT COSTS** |**SUPPORT COSTS**|| |---|---| ||Governance| ||costs| ||£| |Taunton Hall|2,885| |Marching Band|510| ||3,395| ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,980
**Charitable activities**
Taunton Hall
33,253
Other trading activities
9,392
Investment income
1,223
**Total**
56,848
**EXPENDITURE ON**
Raising funds
5,845
**Charitable activities**
Taunton Hall
29,793
Marching Band
26,666
**Total**
62,304
**NET INCOME/(EXPENDITURE)**
(5,456)|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-|Total
funds
£
12,980
33,253
9,392
1,223| |---|---|---| |||56,848| |||5,845
29,793
26,666| |||62,304| |||(5,456)| continued... Page 10 ## **Romford Drum and Trumpet Corps (RDTC)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**11.**
**TANGIBLE FIXED ASSETS**
Improvements
to
Plant and
property
machinery
£
£
**COST**
At 1 January 2024
135,732
147,451
Additions
-
-
At 31 December 2024
135,732
147,451
**DEPRECIATION**
At 1 January 2024
82,671
220
Charge for year
5,306
-
At 31 December 2024
87,977
220
**NET BOOK VALUE**
At 31 December 2024
47,755
147,231
At 31 December 2023
53,061
147,231
**12.**
**STOCKS**
Stocks
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income|Unrestricted
funds
£
320,483
315,027
Fixtures
and
fittings
£
15,822
-
15,822
11,866
396
12,262
3,560
3,956|Restricted
funds
£
-
-
Computer
equipment
£
-
365
365
-
91
91
274
-
31.12.24
£
260
31.12.24
£
5,506|Total
funds
£
320,483
315,027
Totals
£
299,005
365
299,370
94,757
5,793
100,550
198,820
204,248
31.12.23
£
255
31.12.23
£
2,776|Total
funds
£
320,483| |---|---|---|---|---| |||||315,027| |||||| |||||| |||||| |||||| |||||| |||||| continued... Page 11 **Romford Drum and Trumpet Corps (RDTC)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||31.12.24|31.12.23| |---|---|---| ||£|£| |Other creditors|92|92| ## **15. MOVEMENT IN FUNDS** The following funds are held by the charity: ## **Designated Funds:** Hall maintenance and groundworks fund: £10,000 designated for future maintenance of the hall and grounds. Instrument and uniform maintenance fund: £10,000 designated for acquring or repairing instruments or uniforms. Building depreciation fund: £53,651 designated towards future depreciation costs. Coronavirus fund : £10,000 allocated to provide financial resilience in the event of another pandemic, ## **Restricted funds:** Backstage Trust : £10,000 to be used on the purchase of new uniforms. Hedley Grant: £2,235 to be used against the purchase of new instruments. ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. Page 12 ## **Romford Drum and Trumpet Corps (RDTC)** ||**Detailed Statement of Financial Activities**||| |---|---|---|---| ||**for the Year Ended 31 December 2024**||| |||31.12.24|31.12.23| |||£|£| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Donations||15,449|12,980| |**Other trading activities**|||| |Fundraising activities||21,123|9,392| |**Investment income**|||| |Deposit account interest||1,458|1,223| |**Charitable activities**|||| |Grants received||12,500|-| |Venue hire||27,268|33,253| |||39,768|33,253| |**Total incoming resources**||77,798|56,848| |**EXPENDITURE**|||| |**Raising donations and legacies**|||| |Fundraising expenses||13,007|5,850| |**Other trading activities**|||| |Opening stock||255|250| |Closing stock||(260)|(255)| |||(5)|(5)| |**Charitable activities**|||| |Rent||16,382|16,369| |Venue hire||-|300| |Rates and water||3,356|1,612| |Insurance||2,223|2,098| |Light and heat||120|595| |Telephone & Internet||1,157|1,094| |Sundries||55|73| |Refreshments and hospitality||3,380|2,603| |Instrument repairs||1,740|4,650| |Music and consumables||399|1,207| |Printing, Postage, Stationery||735|1,010| |Repairs and renewals||3,182|2,273| |Uniforms and clothing||2,377|2,918| |Coach and Travel||6,689|4,697| |Computer expenses||1,082|-| |Teacher Expenses||4,220|7,346| |Licences||20|68| |Improvements to property||5,306|5,896| |Carried forward||52,423|54,809| This page does not form part of the statutory financial statements Page 13 ## **Romford Drum and Trumpet Corps (RDTC)** ||**Detailed Statement of Financial Activities**||| |---|---|---|---| ||**for the Year Ended 31 December 2024**||| |||31.12.24|31.12.23| |||£|£| |**Charitable activities**|||| |Brought forward||52,423|54,809| |Fixtures and fittings||396|440| |Computer equipment||91|-| |||52,910|55,249| |**Other**|||| |Donations||60|-| |**Support costs**|||| |**Governance costs**|||| |Legal expenses||2,885|700| |Accountancy and legal fees||510|510| |||3,395|1,210| |Total resources expended||69,367|62,304| |**Net income/(expenditure)**||8,431|(5,456)| This page does not form part of the statutory financial statements Page 14