LDME annual report from the trustees to the AGM 2023-24 As in previous years the club has seen a good number of passengers carried on the railway and an increasing engagement with local schools and voluntary bodies keen to make use of the railway. Some of the school visits have been for pleasure, but an increasing number have been for educational purposes and tied in with school projects looking at transportation and the local area. Amongst our members there has also been an increasing use of the club workshop for personal projects and a number of our new members have acquired locomotives and/or have begun to look at building their own items. Help and feedback received from experienced members of the club has and will be, invaluable to those beginning to engage in new aspects of the hobby. It is hoped that our educational role will grow over the next year. A number of public events hosted by the club, have also allowed members of the club to demonstrate the operation of machinery based on historic prototypes and explain the processes by which they are constructed and used. The club continues to strive to improve it’s facilities and work is hoped to commence shortly on a new storage shed for rolling stock, this will be built to fit in with the woodland setting of the railway and include facilities for wildlife. Much time this year has been spent checking and maintaining the track and buildings in order to keep our facilities safe, useable and up to standard. Regular inspection of all the stock and track is carried out according to club practices and records are kept for future inspection. Work is also being done by the trustees to ensure continual compliance with various regulations and recommendations. Consultation with other bodies such as our auditing accountant, the local planning dept and authority has also confirmed that we are not lacking in our duties to the public, charity commission and other bodies. Time has been spent looking at how the club’s carbon footprint can be reduced. Thought has been given to the use of manufactured coal replacement fuels for the steam engines and much use has been made of electric propulsion for passenger hauling. The encouragement of biodiversity has continued and more areas are now planted for the benefit of pollinators. The club has also had the opportunity to participate in local events to demonstrate the skills and abilities of the members and promote the club and it’s activities. The club continues to delight our many visitors, both on public running days and at our rallies and provide much enjoyment for our membership. Great thanks are due to all our hard working volunteers, both those who are active and those who cannot be as active as they wish to be. Llan•lll & Dlstrlcl Model Englnoers Charity reglslration no. 1146472 R8glstered company no. 03562223 Flnanclal Accounts for the Y￿r End•d 31 March 2024 Cont•nts Statement of Financial AclNtbes I Incorne & Expendlture Account Balance StrKet Notes to the AcC￿nIS Independent Examlnefs Report Flnch Accountsncy Ltd. 20 Bridge StTo•t Kldwelty Camis. SA17 4UU Llanelll & Dlstrlct Model Englneers Page 1. Year Endod 31 March 2024 Statement of Flnanclal Actlvities I Incom8 & Expendlture Account 2024 2023 Incom8 Track use & r811ies Other Subscriptions Catering income Gift aid redaim Donations Sale of assets Bank interest Total Income 19,547 52 2,215 1,110 417 275 18,341 750 2,620 4,540 1,110 21 25.237 27,905 Expendlturé Track us8 & maintenance Workshop maintenance & equipment Premis8s maintenance Insurance Rent Spring & autumn rally 8xp8nses Catering 1,469 1.115 1,706 585 3,003 2,910 90 1.182 282 2.762 550 1,077 894 Fl_l_ Publlc running Marketing Printing, postage & stationery Accountancy & consultancy Travel & subsistence Sundry expenses Depreciation on fixed assets 670 19 31 1,030 156 281 5,977 1.140 19 28 735 311 640 3,125 {16,431) (15,756) Net Surplus For The Year 8,806 12,149 The tharity made no re(x)gnised gains or losses other than those reported in the Ststement of Financial Activities. Llanelll & D18trict IAodo1 Englneern Page 2. 2023 Fixod A880ts 22,028 1,760 Current A888ts AGGwed income Advance on Ictom Prepayments Bank deFxJ8it account Bank current account 415 442 7,625 2.782 9.111 25,928 145 159 46,170 9,131 21.611 145 250 Pety cash Curvont Uablllfl•• (du• < 1 y•¥) Curront A•••ts 34.1( 45,570 56.136 47,330 Ropr8•entod By: Fund• of the Charlty General (Unr•8trfc￿) Fund• Brought forthgrd Net movement In lur¥Js In ts y 47,330 35,181 12,149 56.136 47.330 Llanelli & District M(thl Effjineer8 is a dwitth c￿￿p￿Y limibj by gUarnnI￿ registered In England & W* oynpwry number 03562221 ttoity numter 1148472. Slgn•d on bdwll of all the 1nMI Signature /1/ n/ g. /¢, Date of approv Uanelll & Dlstrlct Model Englneers Page 3.1 Y•ar Ended 31 March 2024 Notes to the Financial Stateme Accountlng Pollcles The accounting policies are summarised belchv. The accounting policies have been applied consistently through(xrt the sear and the txeceding yaar. 1.1 Basls of Pr•paration The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Stsndard appli(able in the UK (FRS 102) effective 1 January 2019 and the Charib'es Act 2011. The charity constitutes a public benefit enb'ty as defined by FRS 102. 1.2 Fund Accountlng General funds ar8 unrestricted funds ¥thich are available for use at the discretion of the trustees In furtherance of the gener81 obJ"8clives of th8 charity and vthich have not been designated for other purposes. Restricted funds are funds which are to be used in ac(￿anCe with specific Instruc￿ons Imposed by doncKs or which have been raised by the charity f￿ specific purposed. The costs of raising and administeriNJ said funds are charged against that specific fund. The movements on each of the indivKlual restricted funds are Sel out in the notes to the financial statements. 1.3 InGomlng Resource• Thase are Included in the Stst6rn8nt of Financial Actsvities (SOFA) when: - the charlty becomes entthd to the resource8. - the tTUSt8es ar8 virtualty certain they will receiv8 the resources, and - Ihe monelary value can be measured w5th sufficient reliabillty 1A Allocatlon of Cost8 All exp8ndlture and liabilhles are Induded on an accrual basls and recognlsed when thère is a18gal or constructive obligation to pay out r&sourc8s. 1.5 Tanglble Flxod Amets Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year and cost at leasl £500. They are valued at cost or a reasonable value on receipt. Mainlenance of the assets is also capitslised. Depreciation is calculated so as to write off th8 Cost of an asset over the us8ful economic lrfe of that as8eL currently Ix)nsiqlered to be fve years. Ernployee8 The charity does not employ any staff. Tran&Ktions wlth Trustoes and Related Parties 4 trustees (2023: 4 trustees) received an aggrpgate of £4,128.62 (2022: £4,239.46) as teimbursement of expenditu￿ on goods purchased to further the objectives of the charity. in accnrdance vAth the charitrfs Articles of Association. Uanelli & District Modol Engln•ers Page 3.2 Year Ended 31 March 2024 Notes to th• Flnanclal Statements 4. Membernhlp The membership of the charity on 31st March was as follows:_ 2023 No. No. Adult members Country members Junlor members 59 31 28 S. Flx•d A•••ts 2024 2023 C08t Brought forward Additions In year Disposals in year ca￿led forward 61.679 28,245 60,534 1.145 Deprnclatlon Brought forward Charge for the year Written off on disposals Carried forvmrd (59,919) {5.977) {56.794) (3.125) Net Book Value 22,028 1,780 6. Taxatlon Th8 charitys activitias fall within th8 exeMpti￿S afforded by th8 provisions of the Incom8 & Corporatlon Taxes Acl 1988. Ac(wdingty. there Is no taxats'on tharge in these accounts. Llanolli & Dlstrict Model Englno8rs Page 4. Year Endod 31 Mar¢h 2024 Independent Examlnerfs Report to the MwTrbers & Truste08 I report on the accounts of the Uanelli & District Model Engineers for the year ending 31 March 2024. pages 1-3. Respoctive Rosponsibilitles of T￿St085 and Examln•r The Charitys trustees are responsible for the preparats'on of the ac