T.R.A.M. Direct

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Comparative Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Notes to the Financial Statements	8—11

The trustees present their report and the financial statements for the year ended 31 October 2025.

Objectives and Activities

Aims and Objectives

The charity's objects and principal activity continue to be those of promoting, establishing and operating drama schemes of a charitable nature.

Achievements and Performance

Main Achievements

Although TRAM Direct in the past supported the following organisations with various elements year was very much reduced due to various elements. This year saw a drastic reduction in support due to a range of factors as outlined. Assistance was given to the following but at a much lower level of support: Third Sector Organisations, Social Enterprises, Educational Establishments. Community Groups. Young People.

Educational Establishments

Work experience is offered to students studying various art related course. We offer placements to extend qualifications to gain further experience in their related discipline. Placements are offered for actors, musical theatre, stage management and front of house. This was not extensive as previously due to the company experiencing a change of directors and lack of funding.

Productions

The company in partnership with Arts Enigma (another community arts organisation) performed “ Paddy’s Market” a musical based on the Paddy’s market at Saltmarket. In Glasgow. It was a huge success and many of the older generation enjoyed a trip down memory lane. Comp tickets were given out to local community groups. And many volunteers helped out with front of house and other duties whilst learning some skills and knowledge about working in theatre.

We continued to offer attendance at our productions to special needs groups, vulnerable adults and those suffering from addictions. Plus, older groups and community groups who wish to attend our productions. Volunteers and community workers are encouraged to join to enhance self-confidence and other life skills but to a much lesser degree.

Input to Other Organisations

TRAM Direct works in partnership with the following offering support, advice, resources, skills and knowledge. However, this has been reduced.

Performing Arts Organisations

Community Groups

Addiction/ Recovery groups

Arts Organisations

Individuals interested in pursuing the Arts

Financial Review

Plans for Future Periods

For this period TRAM has realised that the support once offered through funding has ended plus the input of Covis has drastically impacted on our previous commitments. Theatre audiences have reduced and funding also. Moreover, we had a change of Directors which took some time to replace plus our bank TSB suddenly refused to handle our finances as they no longer supported Charities. This impact allowed the past and new Directors to assess if continuing with the company was feasible. Several meetings took place to discuss whether the Charity should be wound up. The Director’s all agreed that this should happen in autumn 2026. This decision was not taken lightly as the company has been in existence since 1994. However, one must be realistic and realise that various changes as outlined have to be taken into consideration. For the moment, all business sides of TRAM will be addressed at further meetings so as to abide by the OSCR guidelines in winding up a Charity.

Reference and Administrative Details

Trustees

I B McMurchie

A Cakebread (appointed 21/08/2025)

A B McMurchie (appointed 21/08/2025)

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T.R.A.M. Direct

Trustees' Report (continued)

For The Year Ended 31 October 2025

Company Secretary

I B McMurchie

Charity Number

SCO24830

Company Number

SC164530

Independent Examiner

Craig Fotheringham

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

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T.R.A.M. Direct

Trustees' Report (continued)

For The Year Ended 31 October 2025

Small Company Rules

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

The trustees' report was approved by the board of trustees and signed on its behalf by:

I B McMurchie

Trustee

16/10/2026

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T.R.A.M. Direct

Independent Examiner's Report to the Trustees of T.R.A.M. Direct

For The Year Ended 31 October 2025

Independent Examiner's Report to the Trustees of T.R.A.M. Direct

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

Responsibilities and Basis of Report

As the charity 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 terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

Since the Charity has prepared its accounts on an accruals basis and is registered in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

In the course of my examination, no matter has come to my attention

which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Craig Fotheringham

16/10/2026

The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

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T.R.A.M. Direct

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 October 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Charitable activities		348	-	348	3,587

EXPENDITURE ON:
Charitable activities:	4
Charitable activities		(3,442 )	(80 )	(3,522 )	(7,433 )

NET EXPENDITURE		(3,094 )	(80 )	(3,174 )	(3,846 )


NET MOVEMENT IN FUNDS		(3,094 )	(80 )	(3,174 )	(3,846 )
RECONCILIATION OF FUNDS:
Total funds brought forward		10,675	80	10,755	14,601

TOTAL FUNDS CARRIED FORWARD	9	7,581	-	7,581	10,755

The notes on pages 8 to 11 form part of these financial statements.

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T.R.A.M. Direct

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 October 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Charitable activities		3,587	-	3,587

EXPENDITURE ON:
Charitable activities:	4
Charitable activities		(7,413 )	(20 )	(7,433 )

NET EXPENDITURE		(3,826 )	(20 )	(3,846 )


NET MOVEMENT IN FUNDS		(3,826 )	(20 )	(3,846 )
RECONCILIATION OF FUNDS:
Total funds brought forward		14,501	100	14,601

TOTAL FUNDS CARRIED FORWARD	9	10,675	80	10,755

The notes on pages 8 to 11 form part of these financial statements.

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T.R.A.M. Direct

Balance Sheet

As At 31 October 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7	-	-	-	162

		-	-	-	162
CURRENT ASSETS
Cash at bank and in hand		9,686	-	9,686	12,098

		9,686	-	9,686	12,098
Creditors: Amounts Falling Due Within One Year	8	(2,105 )	-	(2,105 )	(1,505 )

NET CURRENT ASSETS (LIABILITIES)		7,581	-	7,581	10,593

TOTAL ASSETS LESS CURRENT LIABILITIES		7,581	-	7,581	10,755

NET ASSETS		7,581	-	7,581	10,755

FUNDS OF THE CHARITY
Restricted Funds				-	80
Unrestricted Funds				7,581	10,675

TOTAL FUNDS	9			7,581	10,755

For the year ending 31 October 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

I B McMurchie

Trustee

16/10/2026

The notes on pages 8 to 11 form part of these financial statements.

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T.R.A.M. Direct

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

T.R.A.M. Direct is a company limited by guarantee, incorporated in Scotland, registered number SC164530 and registered charity number SCO24830 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that

the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The

following specific policies are applied to the categories of income:

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its

amount can be measured reliably.

2.3. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully

recovered, and is reported as part of the expenditure to which it relates:

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its

beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature

necessary to support them.

Support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and

include the independent examiner's fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect he use of the resource.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% reducing balance

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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T.R.A.M. Direct

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Net Income/(Expenditure)

The net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	162	40

4. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Charitable activities	3,360	162	3,522

			2024
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Charitable activities	7,393	40	7,433

5. Support Costs

	2025	2024
	Charitable activities	Charitable activities
	£	£
Depreciation	162	40

6. Average Number of Employees

Average number of employees during the year was: 1 (2024: 1)

7. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 November 2024	7,405

As at 31 October 2025	7,405

Depreciation
As at 1 November 2024	7,243
Provided during the period	162

As at 31 October 2025	7,405

...CONTINUED

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T.R.A.M. Direct

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	162

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	920	920
Other creditors	585	585
Accruals and deferred income	600	-

	2,105	1,505

9. Movement in Funds

	As at 1 November 2024	Income	Expenditure	As at 31 October 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	10,675	348	(3,442 )	7,581
Restricted funds
Restricted	80	-	(80 )	-


Total funds	10,755	348	(3,522 )	7,581

	As at 1 November 2023	Income	Expenditure	As at 31 October 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	14,501	3,587	(7,413 )	10,675
Restricted funds
Restricted	100	-	(20 )	80


Total funds	14,601	3,587	(7,433 )	10,755

10. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

11. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

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T.R.A.M. Direct

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

12. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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