TRMB Limited (A company limtled by guarantee) Scottish Charity No". SC046444 Company No.. SC524545 Annual Report & Financial Statements For the Year ended 31 January 2025 Chris Smith Bsc (Hons) FCIE Independent Examiner and Charity Advisor Glascaim Cottage. Aytounhill, Cupar, Frfe KY14 6JH Tel.. 07791260850 Email: chns@glascaim.org.uk TRMB Limited Annual Report & Statement of Account Year er￿ed 31 January 2025 Contents Page Trustees. Annual Report Independent Examineffs Report Statement of Financial A(Itvrties Balan￿ Sheet Notes to the Actounts 9-14 TrMB Llmited Trustees, Annual Report For the yeaT ended 31 January 2025 The trustees (who are also the ￿1￿CtorS of the company for the Purposes of company lawl present their report together wth the financjal statements and the independent examinerfs report for the year ended 31 January 2025. Reference & Administrative Infornmtion Charty and Company Name: TRMB ￿Mited Also known as: Tullis Russell Mills Band Charity Number: SC046444 Company Number: SC524545 Registered Office: Bloomfield, West Netherton, MilnathorL lQnross KY13 OSB Trustees: Karen Brown - Chairperson Joy Smith- Secretary Irene Newlands- Treasurer Joanne Koziel Mark Koziel Rachel Watson Susan Cotton Danny Moir S￿t Moir Gary Newlands Hannah Worthington Wull Carr Others who seThed during the period: David Chesney until Apn"12024 Denise Ward untsl April 2024 Independent Examiner: Chris Smrth Ésc (Honsl FCIE Bankers: Bank of Scolland plc PO Box 1 QK)O BX21LB TRMB Limited Trustees, Annual Report For the year er￿1￿ 31 January 2￿5 Structure Governance & Mana ement Tullis Russell Mills Band was originally established in 1919 but was incorporated as a Company Limited by Guarantee on the 19 January 2016 and govemed by its Artides of Assoaation. TRMB was registered as a S(x)ttish charity in March 2016. The affairs. property and funds of the TRMB are managed by a Board of Dire(Aors or charity trustees wtho are appointed by either the member5 at a general meeting or by the trustees themselves. Ob'ectives and Activitles TRMB was established to: Prowde Music21 education to the community in the Glenrothes area in Fife. This is achieved by prowding tuits'on, instruments, equipment and facilities. Operate several communrty-based brass bands covering all levels of abilrty. Support the loG81 community to leam and partiapate in brass bands. Provide musical performances for the local C￿mmunitY and other organised groups. Be an ambassador for Scotland to foreign visiting bands. To achieve these objedives TRMB operates two other brass bands namely the TRCB- Tullis Russell Community Band and the Wizards whith is the beginner band. Both bands rehearse on Tuesdays every week at the Intemational Fire and Rescue Assoaats'on, Strath0￿ Road, Thomton Frfe. KY14DF Achlevements and Performance Over the past 12 months. following John Luke Hanis standing as our corKluctor for our contests in April and May. He was then appointed as our Professional Musical Dr'rector in June along with OLJr Resident Musical Diredor, Ross Donaldson. The band attended the Northern Counties Contèst in May where we placed 7th. The band were invited to attend a local photo exhibttion displaying photographs from Tullis Russell Mill. We also attended memorial events in Markinch in June and November. Mowng into the summer period several members of the band attended local Stamp primary schools and summer events to recruit for leamers bands. TRMB Limitsd Trustees, Annual Report For the year eiyjed 31 January 2025 Our summer concerts this year induded Ceres Highland Games and St Andrews Bandstand and Balbimie Park. The band have welcomed new players this year. but have had a few players leaving due to other commitments. In September the band entered the Frfe Charities Contest and pla￿d 11 th In the later half of the year we took part in 3 different Remembrance Sunday seN¢es. We had a successful Christmas period where we held 3 Christrias concerts, induding one in the Thomton Town Hall All were well attended and raised a good amount of money for the band through the concerts and Christmas ca￿lIng. We ended the year with a successfvjl Marth at the O(Idfellows Parade. The band are now worknng toward preparing the test piece for the Scoth'sh ChampK)nships and will be attending a Gala cOn￿rt held by the Rotary Club next week. Financial Review TRMB received income of £15,446 primarily from donations. fundraising and perfomiance fees. With expenditu￿ of £17,263 the charity had an overall defictt of £1,817. However, the tharity has a large notional depreaation charge of £6.593 on the capitsl value of instruments. Excluding the depreciatson, the charity had a cash surplus of £4,776. At the 31 January 2025 TRMB held total funds of £70.572, which consisted of £4,640 in the restricted fund which vill be spent as specAfied by the donors, and £65,932 in the unrestrirted nd. The trustees have agreed that the chanty should hold free reserves (the unrestricted funds less the value of tangible assets) of at least £15.0(KTl0 ensure that there are suffiaent funds to pay liabilities as they fall due and, should In(￿MefaJl substsntially, prowde ts'me to secjjre other sources of income. At the 31 January 2025 the tharity held free reserves of £6,591 and had not met the target of £15,000. The trustees are planning to build up the free ￿serveS dunng the coming year through performance income and funding applicats'ons. This report has been p￿pared in accordance wrth the provisK)ns for small companies under part 15 of the Companies Act 2(K6. was approved by the trustees on ...1.7.103/35 ........ .and signed on their behaEf by: Joanne Koziel - Trustee TRMB Limited Independent Examinerfs Report I report on the financial statements of TRMB Limrted for the year ended 31 January 2025 which are set out on pages 7 to 14. Responslbilities and basls of report The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordan￿ with the requiremenls of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Acr) and the Chanties Accounts (Scouand) Regulations 201% ("the 2(YA Regulations.) and the Companies Act 2006. I have satisfied myself that the charity is not subject to audit under Regulation (10)(11(a)-{c) of the 20C6 Regulations or company law and is eligible for independent exafflination. I have therefore examined your charity's accounts as required under section (44)11)(G) of the 2005 Act and Regulats'on 11 of the 20C6 Regulabons. In carying out my examinatson I have followed the guidance issued to independenl examiners by the Offi￿ of the Scottish Charity Regulator (OSCRI My role is to state whether any material matters have come to my attention giving me cause to believe.. that accounting recxjrds were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the 2QKJ6 Regulats'ons; or that the accounts do not accord with those reconls,. or that the accounts do not comply with the aC￿Unting requirements of Regul*on 8 of the 201% Regulations.. or that there is further infonnation needed for a proper understanding of the accounts. Independent examinef s statement I have completed my examination and I have no concems in ￿spe￿ of any of the above and I have found no other matters that require drawing to your attention. Chris Smrth Bsc (Hons) FCIE Glascaim Cottage Aytounhill Cupar KY14 6JH Date.. 20 TRMB Limited statement of Financlal Actlvities (Incorporating Ino)me & Expenditure Aca)unt) For the year ended 31 January 2025 Unrestricted Funds Restricted Funds 2025 Total 2024 Total Income Irom: DonatK)ns Charrtable aiAivrt￿s Fundratsing Total income 9,￿23 1.516 3.&)7 14.946 10,423 1,516 3,507 15,446 4.106 3.792 2.783 10.681 Expenditure on: Charrtable a¢XivrtEs 16.770 17,263 19,463 Net incomdlexp￿diturej 11,8241 11.8171 18,782 Transfer$ Net movement in funds 11.8241 11,817) 18.7821 Recon¢ilialion ol funds Funds brought forvraid Net movement m furx15 Funts Carr￿ forward 67.756 11,8241 65.932 4.633 72,389 11,8171 70.572 81,171 18.7W21 72,389 4,640 The st*ement of fjnancial act￿rties InCl￿deS all gairts aThJ in the Feri(xY. AN incoming resources and resources expeThJed denve from (xJntinuiThJ aclNrt*s. The ststement of finanaal a(*ivrties a&0 ￿mpl* wth t requirements for an income and exFEndrture account under Ihe Companies Act 20(￿ The notes on pages 9 to 14 form an integral ol these accounts. TRMB Limitsd Balan￿ Sheet At the 31 January 2025 Unre5tricto Funds 2025 Totsl 2024 Total Note Fund$ Fixed Assets Tangible ￿et5 59.341 59,341 65.934 Current Assets Prepayrnent of insurance Cash at bank & in hand Total current assets 471 471 471 6.520 6,YJ1 4.640 4.640 11,160 11.631 6,334 6.805 Current Lbatiiltt￿s Accrual of examination fee Tot31 current liats'lrt 4CQ 4C() 350 350 Net CUTrent 6.591 4.640 11.231 6,455 Net assets 65.932 4.640 70,572 72,389 Funds of the Charity Unrestricted funts 65.932 4,640 70,572 67,756 4,633 72.389 RestrKted fun(ts 4.640 Total FuThJs 65.932 4.640 The directors confirm that for the year to 31 January 2025.. _ • the company was entrtled to exem￿.FOn under seclion 477 ofthe Companies Act 20(￿. and ' no members have required the company to obtain an audrt of rts aC￿unts for the yeai in question in aco)rdance th section 476 of the Ac*. trknvvrfer. the a￿)Unts have been examin&J by • irKleFeThJent ÈX8minef wthose repKJrt is on page 6. The dire¢tors ackrnwkdge th￿r res[￿l￿.1rtIeS for comtAylng V+th Ihe rff4uiiements of the 20C6 Compafties Act with respect to a¢counknng records aTrJ the pfepafatron of a¢xJunts. The acwunts have been prepared in accordance wth the wovtsiorts apFlitstAe to companies. suQ"ectto the Small companies. fegime ofthe 2C￿ CoMpan￿S Act. The notes on pages 9 to 14 form an Integral part of these a¢xounts. Apwoved by the tnJstees on ... ..8r¥J 5vJned on thew tehall tty. Joanne KozEI_ Trustee TRMB Limlted Notes to the Financial Statements For the year er￿ed 31 January 2025 1 Basls of Preparatlon 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost in ac￿rdanCe with: _ (a) The Charits'es & Trustee Investrnent Act (Scotland) Act 2005, and {b} The Charities Accounts (Scotland) Regulations 20C6 as amended {c) The Company's Act 20C6 (d) Finanaal Reporbng Standard 102 {FRS102) (Effective January 2015), (e) Charities SORP (FRS 102) (* edition effecb* January 2019) No changes hayp been made to the basis of preparats'on or to the previous yearfs a¢xounts. 1.2. In preparing the accounts, the trustees were not'required to make any judgements that would have a material effect on the numbers reported. 1.3 The charity meets the definition of a public benefrt entrty as defined by FRS102. 1.4 The charity is dependent on the continuing support of donors. Htsl 7. Expenditure on charitable activities 2025 Totsl 2024 Total Cornluctors, Fees & ExFenses Reg￿￿tratIOn Fees & Sutscriptions Insurance Players, Ex￿nSeS Music 4.520 976 1,413 740 6.705 69) 538 721 135 2,122 217 utilty 811 Other Inde￿ndent examinats.on Depreciation Totsl 6.593 17.263 7.326 19.463 8. Tangible Assets Uniforms and equipment Instruments Totsl Cost Al the 31 January 2024 Addf(ions 155.038 16.658 171,696 DN%FA)sals Total at 31 January 2025 155.038 16,658 171.696 Depreciation At the 31 January 2024 Charge forthe year At 31 January 2025 89.104 6.593 95.697 16,658 105.7V2 6,593 112,355 16,658 Mèt Value At 31 January 2024 At 31 January 2025 65,934 59,341 65.934 59.341 12 TRMB Llmited Notes to the Flnancial Staternnts For the yeaf ended 31 January 2025 9. Previous year information In order to comply with FRS 102 to co¥respoThYing amounts for the wev*)u5 year for every frjure in the financrdl ststernents notes Inot I￿$t the pr￿r year tctslsl. corresFonding frJures not ky0V￿ed elsebthere In these a¢￿Unts are set out 9.1 stalen￿1 of Finan¢lal Activitfi•s for thè yeaf ended 31 j￿Uary 2024 UnreStr￿t9j Restricted Funds Funds Income from: tkjnatior Charitable aGtNrties Fundraising Total irKx)me 4.106 3.792 10,681 Expendlture on.. Chaiitable art￿rt￿S 19. 67 Net incomellexpendi￿Te> & movement in lunds {8.7151 1671 ReconGillation ol funds Funds brought forvrard Net movement in fund5 Funds carr*d foward 76.471 4,700 67 4,&33 67.756 9.2 BalwKe Sheet at 31 January 2024 Unre5tsithl Funds RestrKted Funds Fixed Assets Tangible assets cUrr￿t Assèts Prepayment of insurance Cash at bank & In haThJ Total Current assets 65.934 471 2.172 4.633 Current Llabilitie5 Accrual of examin*ion fee Total curTent liabilitEs 350 350 Net currertt assets 1.822 67.756 4.￿33 Funds of the Charity Unrestricted fund5 Restncted bjndy Total FurK15 67.7 4.633 4,633 67.756 13 TRMB Limited Notes to the Financial Statements For the year er￿1￿1 31 January 2025 9.3 Movefftent in restricted fvrmls for 2023124 Opemng balance Closing balance FurNI Development ofthe C(￿ band New hall deVek)￿￿enI Kiff Wallace Fund for youth development Total 817 2.640 817 2,640 1.243 4700 67 67 1.176 14