# **TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBE**
**COMPANY REGISTERED NUMBER 304 CHARITY NUMBER 1178760**
R 2022
I2204
Page 1
## **TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **DIRECTORS**
D J Hartland
A E Cooke
R T Griffiths
B L Hart
M Le Coyte P Mortimer
D G Wood I Marks
A F Gosling R Abel
## **COMPANY SECRETARY**
M Le Coyte
R **EGISTERED OFFICE AND PRINCIPAL OFFICE OF THE C** c/o Webb Engineering, Meteor House, Culmhead Business Centr Taunton TA3 7DY
## **COMPANY NUMBER**
3042204
## **CHARITY NUMBER**
1178760
## **BANKERS**
Santander
re, Culmhead
Page 2
## **TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 DIRECTORS' REPORT**
The Directors/Trustees present their report for the year ended 31 Decemb
## **PRINCIPAL ACTIVITY**
The principal activity of the Company is the construction and operation of of engineering subjects for educational purposes. The Company is a compa guarantee, constituted under its Memorandum and Articles of Association. contain full details of the principal objects for which it is established.
## **ORGANISATIONAL STRUCTURE**
The Company is governed by its Board of Directors all of whom are Truste Charity. The Board meets regularly to deal with the day to day managemen of the company and sub committees are convened, as and when necessary, with particular projects..
Appointments to the Board are made by the membership in General Meetin
Regular reviews are undertaken to assess what risks the Company and Ch might be exposed to and to mitigate those risks by changes to procedures taking out appropriate insurance cover.
## **REVIEW OF ACTIVITIES**
With covid restrictions lifted the company has been able to make considera with the construction of both the main building and the railway tracks. Onc primary school was invited to the site and the pupils were shown points of from a wildlife point of view and aspects of engineering. A link has also be local Scout group and it is hoped that this will develop further. Wildlife dev at the site include the planting of further trees and the erection of bat boxe to build a wildlife pond in the near future.
An open day was held during the year both to thank sponsors and to allow population to see what was being built. A lot of positive feedback was rece which augers well for the future. Various fund raising activities were held year and charitable gifts made by the company totalled £300.
## **DIRECTORS**
The directors who served during the year were:
D J Hartland A E Cooke R T Griffiths B L Hart
M Le Coyte P Mortimer D G Wood I Marks A F Gosling R Abel The above Directors were also Trustees of the Charity. The Company is Limited by Guarantee and does not have a share capital. A Director held any interest in share capital in the year.
er 2022.
models any limited by . These latter
es of the nt , to deal
ng.
arity and/or
able progress ce again the local interest both en made with the velopments es. It is hoped
the local eived in the
¥ccordingly. no
Page 3
## **TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **SMALL COMPANY EXEMPTIONS**
These accounts have been prepared in accordance with the provisions appli to companies subject to the small companies regime.
## **FINANCIAL RESERVES**
Reserves held are allocated to the development of the site at West Buckland
## **STATEMENT OF DIRECTORS' RESPONSIBILITIES**
Company Law requires the Directors to prepare financial statements for eac which give a true and fair view of the state of affairs of the Company and of of the Company for that period. In preparing those financial statements the required to:
Select suitable accounting policies and apply them consistently; Make judgements which are reasonable and prudent;
Prepare financial statements on the going concern basis unless it is inapp presume that the Company will continue in business.
The Directors are responsible for keeping proper accounting records which reasonable accuracy at any time the financial position of the Company and t to ensure the financial statements comply with the Companies Act 2006. Th responsible for safeguarding the assets of the company and hence for taking for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD
M Le Coyte Secretary 28 February 2023
icable
d.
ch financial year f the profit or loss Directors are
propriate to
disclose with to enable them hey are also g reasonable steps
## Page 4
## **TAUNTON MODEL ENGINEERS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022**
|INCOMING RESOURCES
Activities in furtherance of the Charity's
objectives
Subscriptions
Railway Income
Donations
note 1
Grants Received
General Income
Interest Received
RESOURCES EXPENDED
Cost of activities in furtherance of the
Charity's objectives
Society Operational Costs
Depreciation
Total Resources Expended
Net incoming Resources
Net movement in funds
Total funds brought forward
Total funds carried forward|2022
£
5395
1340
9800
5287
12447
11|
|---|---|
||34280
6199
11356|
||17555|
||16725
16725
122112|
||138837|
2021 £
3769 729 22859 5287 236 0
32880
2953 9988
12941
19939
19939 102173 122112
## Page 5
## **TAUNTON MODEL ENGINEERS BALANCE SHEET AS AT 31ST DECEMBER 2022**
|**Fixed Assets**
Tangible Assets
note 4
**Current Assets**
Stocks
note1
Prepayments
Debtors
Cash at Bank and in Hand
**Current Liabilities**
Loans
Creditors
note 6
Net current assets
Total assets less current liabilities
Amounts falling due after one yearnote 7
Net assets
Funds of the Charity|2022
£
225972
225972
0
410
964
5667
7041
500
6947
7447
-406
225566
86729
138837
138837|2021
£
202137|
|---|---|---|
|||202137|
|||48
353
2945
17802|
|||21148|
|||1000
8157|
|||9157|
|||11991|
|||214128|
|||92016|
|||122112|
|||122112|
In approving these financial statements as directors of the company, we co For the year ending 31 December 2021 the Company was entitled to exemp under section 477 of the Companies Act 2006 relating to small companies Directors' responsibilities:
The members have not required the company to obtain an audit of its ac question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the r with respect to accounting records and the preparation of accounts, and of SORP 2000 relating to the preparation of accounts for Charities
These accounts were approved by the Board of Directors on 28 February 2
## Signed DJ Hartland, Chairman
The notes on pages 6, 7 and 8 form part of these financial statements
nfirm that: ption from audit
counts for the year in
requirements of the Act d also the requirements
023
Page 6
## **TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
## 1 **ACCOUNTING POLICIES**
Basis of accounting
The accounts have been prepared under the historic cost conven going concern basis.
## Tangible fixed assets
Fixed assets are shown at net book value as at the date of becom plus additions at cost less accumulated depreciation since the d a charity.
Depreciation on Plant and Equipment is provided at 20% per an basis. Buildings and railway track are depreciated at 5% per ann No depreciation is provided in respect of the freehold land.
## Stocks
Stocks are stated at the lower of cost or net realisable value.
## Taxation
Corporation tax is not provided on the basis that the Company i Charity and exempt.
Turnover
Turnover includes the Gift Aid tax credit where appropriate.
## Recognition of Liabilities
Liabilities are recognized as soon as contractual obligation has b
## Material Incoming Resources
Material incoming resources are recognized on a receivable bas These are recognised on a straight line basis over the anticipate grant.
The Net Incoming Resources is stated after charging/crediting:
2 **NET INCOMING RESOURCES**
2022 2021 £ £
Depreciation
11356
9988
ntion on a
ming a charity date of becoming
nnum on a reducing balance num on a straight line basis.
s a Registered
been entered into.
sis except in the case of Capital Grants. ed life of the asset acquired with the
## Page 7
## **TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
|3|**INTEREST RECEIVABLE AND SIMILAR INCOME**|**INTEREST RECEIVABLE AND SIMILAR INCOME**|**INTEREST RECEIVABLE AND SIMILAR INCOME**||
|---|---|---|---|---|
|||2022||2021|
|||£||£|
||Bank interest receivable|11||0|
|4|**TANGIBLE FIXED ASSETS**||||
|||Land|Buildings Plant and||
||||and Track Equipment||
|||£|£|£|
||COST||||
||As at 31 December 2021|41400|174887|10681|
||Additions during year||35012|179|
||At 31 December 2022|41400|209899|10860|
||DEPRECIATION||||
||As at 31 December 2021||19126|5705|
||Additions during year||10325|1031|
||At 31 December 2022|0|29451|6736|
||NET BOOK VALUE||||
||At 31 December 2021|41400|155761|4976|
||At 31 December 2022|41400|180448|4124|
|5|PREPAYMENTS|||2022|
|||||£|
||Insurance premiums paid in advance|||410|
|6|CREDITORS||||
||Subscriptions paid in advance|||1660|
||Deferred Grant|||5287|
|7|Creditors||||
Amounts falling due after one year Deferred Grant
86729
Total t £ 226968 35191 262159
24831 11356 36187 202137 225972
2021 £ 353 2870 5287
92016
Page 8
## **TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
- 7 CALLED UP SHARE CAPITAL The company is limited by guarantee and does not have a share
|8
RESERVES
As at 1 January 2022
Net Incoming Resources
At 31 December 2022|£
122112
16725|
|---|---|
||138837|
capital.
## **TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **INDEPENDENT EXAMINER'S REPORT**
Report to the Trustees/Directors of Taunton Model Engineers on the accoun year ended 31st December 2022 set out on pages 4 to 8 inclusive. Charity Number 1178760, Company Number 3042204
I report to the charity Trustees on my examination of the accounts of the Co year ended 31 December 2022.
As the charity's trustees of the Company (who are also directors of the Com purposes of company law), you are responsible for the preparation of the ac accordance with the requirements of the Companies Act 2006 ("the 2006 ac
Having satisfied myself that the accounts of the Company are not required t this year under Part 16 of the 2006 Act and are eligible for independent exa in respect of my examination of your charity's accounts as carried out under Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have Directions given by the Charity Commission under section 145(5)(b) of the 2
I have completed my examination, I confirm that no material matters have c which gives me cause to believe that:
accounting records were not kept in accordance with section 386 Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requiremen 396 of the Companies Act 2006 other than any requirements that give a "true and fair" view which is not a matter considered as pa examination; or
the accounts have not been prepared in accordance with the Cha (FRS102).
I have no concerns and have come across no other matters in connection wi to which attention should be drawn in this report in order to enable a prope of the accounts to be reached.
Signed R E J Herriot
28 February 2023
43 Lion D'Angers, Wiveliscombe, Taunton, Somerset. TA4 2PN
nts for the
ompany for the
mpany for the ccounts in ct").
to be audited for amination, I report r section 1345 of the followed the 2011 Act
come to my attention
6 of the
nts under section t the accounts art of an independent
arities SORP
ith the examination er understanding