TOL tETY OF MODEL AKD EXPERtMENTAL FINANCIAL ST TEM NTS E YEARENDED315T GINE ER 2021 ThE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS FINANCtAL STATLNIENTS FOR THE YEAR ENDED 31 ocfoBER 2021 COMPANY REGISTERED NtIMBER 02893778 REGISTERED CHAIUTY NIJMBER 1094274 IIPage THE BRIsfoL S(￿lE[y OF MODEL AND EXPERIMEwfAL ENGINEERS ANCI L STATEMENTS R THE YEAR ENDE 1ST <￿T BER 2￿21 DIRECTORS Mr R J Norbury Mr N D Roger5 Ms R Strong Mr L A Sadler COMPANY SECRETARY Mr D Todman REGISTERED OFFtCE AI¥D PRINCIPAL OFFICE OF ThE CHARrrY 33 Bibury Avenue, Stoke Lodg¢. Bristol BS34 6DF 1094274 02893778 Unity T￿st Bank pl¢ 9 Brindley Place Binningham Bl 2HB 21Page F MODEL AND EXPERINIEwfAL EN STATEMENT OF FtNANCIAL ACTtVITIES FOR THE YEAR ENDED 31ST (fTOBER 2021 The dir¢dor5 present their rep)rt and the Financial Stst¢m¢nts for the year ended 3191 October 2021. The principal activity of the company is the construction and operation of models for educational purposes. The CQEnpany is a company limited bj guamÉee. Constit￿ed under its memoTandurn and articles gf asso¢iation, which contaTll full ddai15 of the principal objects for which It is £sthbltsh¢d. Th¢ ￿MpanY is also a Registered Clwity. ORGANISATIONAL STRUCTURE The company is govemed by its Ix>ard of Dirfftors, a]1 of whom are trustees of the charity. This ix)ard is &sslSted by a general committee, which meets regul￿lY to review the oFrntions and needs of th¢ company and charity. Wherever appropriate, separdte committees ar¢ ¢stablished io organi5e specific events, and the members of those committee5 are not Decessarity also mefflbers of either the ErfTrard or general committee￿d have delegated authority. Appointments to the lth and genernl committee are made by the membership Gen¢ral meding. The bcth Etviews a¥KI assesses the maNIT risks to which the company and charity is exposeiL and wherever ￿$SIble seeksto mitigate those risks, ¢ith¢r bychanges in operntional procedures or by taking out appropraate iD5uEance tK>licies. Internal wntro]s are in pia¢e, which are d¢shgned to saf¢gu8rd the sociw s funds and other a&*ts. Due to government restrictions introduced in late 2020 that carried through to the early months of 2021, the Societv wa5 unabl¢ to out many of its activities tn an unTestricted way. The railway was able to OF¢n in April and ormted in a mamier that was Com￿¢￿sur4t¢ with government guidelines. ThTs result&l Én a significant rcduction in p&5seng¢r numbers which didn t start to itnprove until mÉd-summ¢r 2021 when the remaining restrictions l*cam¢ advisory only. Two or three day5 were a150 affected by poorweather. The railway was open for 19 public Tunning days and gave 15.0)2 pa5sellger ride5, this being significantly r￿JUced from pre-pandemic days. Visits to the rnilway by a numb¢r of children's organisations took place, including disabled and auttstRc groups, where they could exp¢rien¢e aspeds of steam. electric and diesel locomotive& &swell &senjoyÉng free rides. We have ¢ontinuedto provide free tickets to disabl¢d people. both adults and Children. Work h&s conttnued during much of the yw at the Ashton Court sitr io ensure thai li is maintained in # safe and manageabl¢ th)ndition. The workshop, ¢sthblish¢d a feTh' years ago now contains an arrangemeni of machtnery and iix)ling. The Society has beo) unable to hold its regular programmeoftslksatthe Begbr(KJkCommunity Centre since Mareh2020. Instradthe S(Ki¢tv held regular"Zwm" me&ings covering a number of topics including member's work in progres& and discussion topics p￿s¢￿ted by rn¢￿￿r5 as well as the QCC8SiOTtal Gtrrnal speaker. On a number of non-public running days at the Ashton Court Railway. the family of rnembers have been encouraged to salnple 'haDds on" experience ￿hiftd various locomotiYe& including the chan¢¢ of driving and mainiailling thetn ill a full rnilway settin& 31Page THE BRIS L SOCIETY OF MODEL AND EXPERIMENfAL ENGINEERS TATEMENT OF FtNANCIAL ACTIVITIE R THEY R ENDED 31ST (￿)BE DIREcfoRS The directors who dwing th¢ year weye as follow5: Mr R J Norbury- Resi8n¢d 19th August 2021 Mr N D Rogers Ms R Strong Mr L A Sadler- Ap￿inted 26. August 2021 Note: The above Dirttt(xs are al￿ tru5tc¢s of the chaTity The ¢ompany is limit￿ by guaranlee, and does not have a Share Capital. Accordingly, no dir¢ctor held any inteTest in the sh￿r capAts] of the eompany during the year. These a¢¢owits have been wepared in with the provisions applicable to com￿lI¢S subject to the 5rnall ¢ompanies' ryine FINANCIAL RESERVE Th¢ SIKiety continues to hold funds ft>rthe purp)se of pwch&8ing a site for the rnilway to improve upon its facilities gs a Charity Organisation. STATEMENT OF DIRECTORS. RESPONSIBtLTriEs Company law requires the dÉrectdi¢ e January 2022 E BIUSTOL SOCIEfY OF MODEL A D EXPERIMENTAL EV4GfNEERS TATEMENT OF FtNANCIAL ACTIVITIE R THE YEAR FN ED 31ST ocroB£R 2021 2¢r21 2020 INCOMING RESOURCES Aclivit*s li furtherarKe of the ¢btirÉgs obFctiv¢s: su1￿¢r4￿#xLs Cxner81 llncc￿ 7587 50 RaThi vay Iwiyn I￿¢Stment uK(xne: 23.175 4.441 Gans on di%rMHI of fLK¢d assets lrterest Received 91 341 TOTAL tNCON(tNG RESOURCES 31.133 1¥25 RESOURCES EXPENDED Costs of aetivitts in firthcra￿e of the charity's tylwes: S(Krty 0￿rainI CL￿￿ EX1lll)tiK￿ & Eve￿ C[￿ts 5,481 4151 Work51Ky c(ysts Ra￿aY or¢rntllg ¢￿￿jiture De￿e¢At TOTAL RESOURCES EXPENDED 278 16973 13,088 7,173 25934 30.fAI NET tNCOMfNG RESOURCES 491 -13,4(Y) NET MOVEMENT OF FUNDS 491 -13,4 T(tsl fityjs fmvard 110.851 124260 10.1 I IllJ43 110.851 The wmpany made no wiscd gains or lo&ses other than those reFthed in the Statetnent of FinaD¢ial Activitte The notes ￿ pge$ 7 to 9 foEm part of these fmancial statements 51Page 7HE BRISTOL s(￿IETy OF MODEL AIID EXPERIMENTAL EN ABBREVIATED BALANCE SHE FOR THE 5T R ENDED 31 IKTOBE Note FIXED ASSETS Tangbk assets ITwe5th*rts 117)2 14891 li 14191 C15RRENT A&SETS st￿ks DeFAors 493 493 sh at aEMI n) IWNJ l(X)fj92 101.186 95310 96303 *p*yments Ae¢rned in¢oJD¢ Credltorn: aMO￿ts tilling d￿t year Net curreDt assets {IribÉltties} Totsl As$ets less curreH* lithlitks Creditots: amOU￿ts ff￿1￿g due •fter WEt th*b one yertr Provi8ion liabilities and dekTred iti¢ome Totsl net assets Oa*bilitses} Reserves 343 95, IlQ851 98551 IllJ43 IllJ43 110.851 IllJ43 IllJ43 110,851 110051 M¢nIbe￿. Irt 2PPTOVtn8 these fmancial sthtements as directors ofthe comwy. we c¢)DfiEm that. For the year ending 31 (knober 2021 th¢ company w&5 entitled to exonoion from audii under section 477 of the Companies Act 2006 r¢]ating to small COmPaDie Directors, testK)nsihilities: The members have not require4J the compaDy to obtain an audit of its aco)unts forthe Year in question in aceord8nee with section 476, The directors xknowledge their resw>llsibilitie5 for comptying with the requirenkents of the Act with respect to accounting records And the preparntio of accoun￿ and also the requirements of SORP 2000 relating to the prepwation of accovnts for Cbartti"es. These accounts have E¢¢n subject to the small c in ￿COrda￿ with th¢ wovisioD5 applicable to eomp#Dies These accounts ed by the B(wd of Dir￿torS on P Nov¢mber 2021 Si￿￿e￿J aim)an- 6th Jan 2022 THE BRISTOL S TY OF MODEL AND EXPEREMENTAL NOTES T THE ACCOUNTS FOR THE YEAR ENDED 3 1ST (￿OBER 2021 ACCOUNTING POIJCIES Basis of8¢eoulltitig Th¢ aeeounts have be¢n prepared underthe historic C05t u)nv¢ntion on a going coJTrcern basis. TaDgible Fix¢d assets are shown ￿ hi5Èoric eosl less accumulated depreciation. Depreciatton is PTovitsI after taking ac¢ount of grdDts rtteÈvabl¢ on A straight line basis. The rnte of depr￿lAtIOn is 2￿. Stoekq st￿ks ale ststed at the lower of cost 2nd net realisable v8lue. CorwTrration Tax is not provide￿ on the basis that the company. as a ￿gIsternJ Charity. is exempL Turnover Turnover comprises subwiption it￿OMe from m¢mb¢rs together with the awJociated gift aid tsx credit. Cash flow 5tstement Th¢ company has taken advantage of the ¢xemptÉoll withiD Financial Reporting Ststement No.1 from pr(wJucitig a cash flow statement ott the b&sis that it is a small ompally. Recognition of liabililies Liabilities are recogntsed as soon as a contrxtual obligatiOD h&$ been cntered into. No grants are distributed by th¢ ¢haTity. Material Ineoming R￿•re Material iDcomillg YeK)urces are recognised on a T￿¢1Vabl¢ basis. TURNOVER Turnov¢r and the Net bKoming resources are attributable to subscriptions from members tog¢ther wÉth the &ssociated gift aid credxL The Net Incoming Resources is shown aft¢r ¢r¢diiing other income from the orKratiOD of educational activities. I¥ET INCOMtNG REsoifRCES The Net Incoming Resources is stated after chargingl(ctediting): D¢￿e¢Atti1- owt￿d assets Profrt on DspMI of Fi¥ed assets 7.173 71Page IHE BIUSTOL ￿tETy OF MODEL AND EXPERIMEKfAL ENGINEERS NOTES TO THE ACCOUN ST R THE YEAR ENDED 31 (￿ObER 21r21 ]NTEREST RECEIVABLE AND SIMILAR INCOME 2021 2020 Bank Interest reLYivabl¢ 91 341 S. TANGIBLE ￿ETs P* MachllEry T(Aal COST As at 31 (kt(thr 2ff20 AdditM￿ year At 31 (ktdErif21 215fv13 4ffj36 220,479 221b51 DEPRECIATION As ai 31 (ktrt£r 2(r4) 201JJ28 7￿2 4559 205587 At 31 (kI(tsr2￿2I 4b36 213.496 NE[ BOOK VALUES At 30 Ocioter 2020 At 31 OctotEr 2021 14114 117(y2 14.891 IiV2 STAFF. DIREcfoRS AIYD TRusfEES REMUNERATION AIYD EXPENSES No staff ar¢ ¢mploye4 CODsequethty there are no staff remunernlion wsts. No Director or Tru5t¢¢. nor poty COAmecknl with them reLe1V￿ any re￿￿1¢ratiO or expenses during the ye& DEBroKs 2020 2019 2￿20 2020 Ashton Cowt rent & S North 1634 343 9. CALLED UP SHARE CAP￿AL The c(Mllp￿Y is Ilmited ty guarantee and does not hav¢ a share capitsl. THEB OCIETY OF MODEL AND EXPERI NOTES TO THE A ouwrs FOR THE YEAR ENDED isf (KTOBER 2021 L ENGfNEERS io. RESERVES At 1st Novanber 2020 Nct In¢oming Resource5 At 31. (ktober 2021 110,851 491 EllJ43 li. FUNDS The fundsrewesentthe netassets of the company atthe time it b￿ne a¢harity,together with the Net Encoming Resource5 generated sin¢¢ that date. This hnd is available for ¢xp¢ndkture in pursuance of the chBrity'S objectives 91Page Englneers for the Year qnded 310(aobtt 2021 Rèwnsibilili05 and IMs1s of rOF*Xt the Trquirematsofthe A(*2011 (Ihe Ad'l I repjrt inrqTh*of my of th¢TnL5t's QTrieAI 145 ofthe 2011 Act and section 145(5Xb) of ALI Signed.. NaTne: Bob Llll¢y Address: 15 GlenavoD Parl BristoL BS9 IRS DAte.' 20 Novembw 2021