THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 315t OCTOBER 2025
THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS
FINANCIAL STATEMENTS FOR THE YEAR ENDED 315’ OCTOBER 2025
COMPANY REGISTERED NUMBER 02893778 REGISTERED CHARITY NUMBER 1094274
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 315" OCTOBER 2025
DIRECTORS
Mr S P Birch (Retired 5 February 2025) Mr N D Rogers (Elected 5" February 2025) Mr D Wainwright Mr L A Sadler
COMPANY SECRETARY
Mr D Todman
REGISTERED OFFICE AND PRINCIPAL OFFICE OF THE CHARITY
33 Bibury Avenue, Stoke Lodge, Bristol BS34 6DF
CHARITIES NUMBER
1094274
COMPANY NUMBER
02893778
BANKERS
Unity Trust Bank ple 9 Brindley Place Birmingham B1 2HB
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3187 OCTOBER 2025 The directors present their report and the Financial Statements for the year ended 31* October 2025.
PRINCIPAL ACTIVITY
The principal activity of the company is the construction and operation of models for educational purposes. The company is a company limited by guarantee, constituted under its memorandum and articles of association, which contain full details of the principal objects for which it is established. The company is also a Registered Charity.
ORGANISATIONAL STRUCTURE
The company is governed by its board of Directors, all of whom are trustees of the charity. This board is assisted by a general committee, which meets regularly to review the operations and needs of the company and charity. Wherever appropriate, separate committees are established to organise specific events, and the members of those committees are not necessarily also members of either the board or general committee and have delegated authority. Appointments to the board and general committee are made by the membership in General meeting. The board reviews and assesses the major risks to which the company and charity is exposed, and wherever possible seeks to mitigate those risks, either by changes in operational procedures or by taking out appropriate insurance policies. Internal controls are in place, which are designed to safeguard the society’s funds and other assets.
REVIEW OF ACTIVITIES
The railway open in March and was opened for 22 running days giving 29,694 passenger rides. Three days late in the season were affected by poor weather. Visits to the railway by a number of children's organisations took place, including disabled and autistic groups, where they could experience aspects of steam, electric and diesel locomotives, as well as enjoying free rides. We have continued to provide free tickets to disabled people, both adults and children. Work has continued during much of the year at the Ashton Court site to ensure that it is maintained in a safe and manageable condition. The Society’s workshop, established a few years ago, now contains an arrangement of machinery and tooling,
In July the Society held the annual BRIMLEC competition testing the driver’s ability to drive efficiently and one of our junior members put in a very credible performance coming second on his first attempt. The Society organises a regular programme of talks at the Begbrook Community Centre and also held a small number of additional “Zoom” meetings. The topics included member’s work in progress, and discussion topics presented by members as well as presentations by external speakers. On a number of non-public running days at the Ashton Court Railway, the family of members have been encouraged to sample "hands on" experience behind various locomotives, including the chance of driving and maintaining them in a full railway setting. The Society Workshop Program has continued whereby members, particularly those under 18 and/or those with very little workshop experience are each constructing a 16mm scale locomotive (Ellie) as a first project under the tuition of the Society’s more experienced members.
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cetensa ee _—NB ee THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS FORSTATEMENT THE YEAROF ENDED FINANCIAL3157 OCTOBERACTIVITIES2025
DIRECTORS
The directors who served during the year were as follows:
Mr S P Birch (Retired 5" February 2025) Mr N D Rogers (Elected 5" February 2025) Mr D Wainwright Mr L A Sadler
Note: The above Directors are also trustees of the charity
The company is limited by guarantee and does not have a Share Capital. Accordingly, no director held any interest in the share capital of the company during the year.
SMALL COMPANY EXEMPTIONS
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime
FINANCIAL RESERVE
The Society continues to hold funds for the purpose of purchasing a new club hut, the maintenance of its locomotives some of which will require a significant overhaul through the winter months an dteh purchase of new Club Locomotives. A small reserve is kept to cover the railway expenditure during the winter months before income is received from our public running days
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view ofthe state of affairs of the company and of the profit or loss of the0: company for that period. In preparing those financial statements, the directors are required — Select suitable accounting policies and then apply them consistently; ~ Make judgements and estimates that are reasonable and prudent; ~ Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The io are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD
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D Todman
Secretary
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Date 5* January 2026
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315? OCTOBER 2025
The company made no recognised gains or losses other than those reported in the Statement of Financial Activities.
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|---|---|---|---|---|---|
|2025|2024|
|INCOMING RESOURCES|Note|.|
|Activities|in|furtherance|of|
|the|charity's|objectives:|£|£|
|Subscriptions|2|11,143|8,319|
|Club|General|Income|1,140|3,497|
|Railway Income|48,197|50,979|
|Investment|income:|
|Gains|on|disposal of fixed assets|-|-|
|Other|Incoming|resources:|
|Interest Received|4|3,006|2.642|
|TOTAL|INCOMING RESOURCES|63,487|65,436|
|RESOURCES|EXPENDED|
|Costs|of activities|in|furtherance|of|
|the|charity's|objectives:|
|Society operational|costs|7,046|7,558|
|Event|costs|-|=|
|Workshop|costs|448|1,696|
|Railway|operating expenditure|34,992|30,323|
|Depreciation|3|2.218|4,016|
|TOTAL RESOURCES EXPENDED|44,704|43.503|
|NET INCOMING RESOURCES|18,783|21,843|
|NET MOVEMENT OF FUNDS|18,783|21,843|
|Total funds brought forward|152,088|130,245|
|Total funds|carried|forward|10,11|170,871|152,088|
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The notes on pages 7 to 9 form part of these financial statements
5iPave
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS
ABBREVIATED BALANCE SHEET
FOR THE YEAR ENDED 315" OCTOBER 2025
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| Note | 2025 £ |
2024 £ |
|
|---|---|---|---|
| FIXED ASSETS | |||
| Tangible assets | 5 | 2,641 | 2,512 |
| Investments | esa, 2,641 |
—-—_—. __2512 |
|
| CURRENT ASSETS | |||
| Stocks Debtors |
7 | 493 1296 |
493 |
| Investments Cashatbankand inhand |
- 178,454 180,244 |
: 158,652, _159,145 |
|
| Prepayments and Accrued income Creditors: amounts falling due withinone year Netcurrent assets (liabilities) |
8 | - __12,014 ___168,230. |
- ___9,569 —149,576. |
| TotalAssets less current liabilities | ____170,871 | 152,088 | |
| Creditors: amounts falling | |||
| due aftermore than one | |||
| year | * | . | |
| Provision for liabilities | = | . | |
| Accruals and deferred | |||
| income | > | : | |
| Totalnetassets (liabilities) | 170,871 | 152,088 | |
| Reserves | |||
| Income and expenditure account | 170,871 | 152,088 | |
| Members’funds | 170,871 | 152,088 |
In approving these financial statements as directors of the company, we confirm that:
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to smal! companies.
Directors’ responsibilities:
-
e The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
-
e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts, and also the requirements of SORP 2000 relating to the preparation of accounts for Charities.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companigy’ regime.
These accounts were apprgvefi by the Board of Directors on 1‘t December 2025
Chairman —
The notes on pages 7 to 9 form part of these financial statements
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3157 OCTOBER 2025
1. ACCOUNTING POLICIES
Basis of accounting The accounts have been prepared under the historic cost convention on a going concern basis.
Tangible fixed assets Fixed assets are shown at historic cost, less accumulated depreciation.
Depreciation is provided, after taking account of grants receivable on a straight line basis.
The rate of depreciation is 20%.
Stocks
Stocks are stated at the lower of cost and net realisable value.
Taxation ; ; Corporation Tax is not provided, on the basis that the company, as a registered charity, is exempt.
Turnover ; Turnover comprises subscription income from members together with the associated gift aid tax credit.
Cash flow statement The company has taken advantage of the exemption within Financial Reporting Statement No.1 from producing a cash flow statement on the basis that it is a small company.
Recognition of liabilities
Liabilities are recognised as soon as a contractual obligation has been entered into, No gtants are distributed by the charity.
Material Incoming Resources
Material incoming resources are recognised on a receivable basis.
-
TURNOVER Turnover and the Net Incoming resources are attributable to subscriptions from members together with the associated gift aid tax credit. The Net Incoming Resources is shown after crediting other income from the operation of educational activities.
-
NET INCOMING RESOURCES
The Net Incoming Resources is stated after charging/(crediting):
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2025 2024
£ £
Depreciation - Owned Assets 2,218 4,016
Profit on Disposal of Fixed Assets - -
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 315'T OCTOBER 2025
- INTEREST RECEIVABLE AND SIMILAR INCOME
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|---|---|---|---|
|2025|2024|
|£|2|
|Bank|Interest receivable|3,006|2,642|
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- TANGIBLE FIXED ASSETS
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|||||||||
|---|---|---|---|---|---|---|---|
|Plant,|Machinery|
|&|Buildings|Fixtures &|Equipment|Total|
|£|£|£|
|COST|
|As|at|||November|2024|223,950|5,273|229,223|
|Additions|during the|year|2,346|0|2,346|
|At|31|October|2025|226,296|$.273|231,569|
|DEPRECIATION|
|As|at|1|November 2024|221,692|5,018|226,710|
|Additions|during|the|year|2,091|127|2,218|
|At|31|October 2025|223,783|5,146|228,929|
|NET BOOK|VALUES|
|At 30 October 2024|2,258|255|2,513|
|At|31|October|2025|2,513|127|2,641|
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- STAFF, DIRECTORS AND TRUSTEES REMUNERATION AND EXPENSES
No staff are employed, consequently there are no staff remuneration costs.
No Director or Trustee, nor any party connected with them received any remuneration or expenses during the year
- DEBTORS
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2025 2024
Giftoo. Aid receivable 1296E £-
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- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|---|---|---|---|---|
|2025|2024|
|a|£|
|Ashton|Court|Rent|8,862|9,569|
|Begbrook Rent|1,152|-|
|Locomotive|Boiler|2,000|
|Total|12,014|
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THE BRISTOL SOCIETY OF MODEL AND EXPERIMENTAL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3187 OCTOBER 2025
9, CALLED UP SHARE CAPITAL
The company is limited by guarantee and does not have a share capital.
10. RESERVES
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|.|
|Opening Member’s|Funds|152,088|130,245|
|Net Incoming Resources|for|the|Financial Year|18,783|21,843|
|Closing member’s|funds|170,871|152,088|
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11. FUNDS
The funds represent the net assets ofthe company at the time it became a charity, together with the Net Incoming Resources generated since that date. This fund is available for expenditure in pursuance of the charity’s objectives.
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INDEPENDENT EXAMINERS REPORT
I report on the accounts of the charity for the year ended 31*' October 2025, which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
-
e examine the accounts under section 145 of the Charities Act,
-
e to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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e to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 seeking 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
e the accounting records were not kept in accordance with section 130 of the Charities Act: or
-
e the accounts did not accord with the accounting records; or
-
e the accounts did not comply with the applicable requirements concerning the form and content of the 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 vA reached. am Kelly FCCA Date: 22 January 2026