TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
COMPANY REGISTERED NUMBER 3042204 CHARITY NUMBER 1178760
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TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
DIRECTORS
D J Hartland A E Cooke Resigned in year R T Griffiths B L Hart M Le Coyte P Mortimer D G Wood I Marks A F Gosling Resigned in year R Abel J H Herriot B Baxter Appointed in year M D Sweet Appointed in year
COMPANY SECRETARY
M Le Coyte
R EGISTERED OFFICE AND PRINCIPAL OFFICE OF THE CHARITY c/o Webb Engineering, Meteor House, Culmhead Business Centre, Culmhead Taunton TA3 7DY
COMPANY NUMBER
3042204
CHARITY NUMBER
1178760
BANKERS
Santander
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TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 DIRECTORS' REPORT
The Directors/Trustees present their report for the year ended 31 December 2025.
PRINCIPAL ACTIVITY
The principal activity of the Company is the construction and operation of models of engineering subjects for educational purposes. The Company is a company limited by guarantee, constituted under its Memorandum and Articles of Association. These latter 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 Trustees of the Charity. The Board meets regularly to deal with the day to day management of the company and sub committees are convened, as and when necessary, to deal with particular projects.
Appointments to the Board are made by the membership in General Meeting.
Regular reviews are undertaken to assess what risks the Company and Charity might be exposed to and to mitigate those risks by changes to procedures and/or taking out appropriate insurance cover.
REVIEW OF ACTIVITIES
In the year it has been possible to almost complete the fitting out of the main building facilitating its use for open days and the holding of meetings and the giving of lectures. Heating is "green" by the use of an air source heatpump. In addition to the work on the building we have managed to re-arrange/extend the car parking area as it had been found that the society had been more successful in attracting visitors than had first been anticipated.
Other works have included further extensions to the on-site facilities and we are looking forward to improving matters for wildlife by the planting of further trees and the formation of a significant pond.
DIRECTORS and CHARITY TRUSTEES
Directors and Trustees who served during the year were: D J Hartland P Mortimer A E Cooke resigned in year D G Wood R T Griffiths I Marks B L Hart A F Gosling resigned in year M Le Coyte R Abel J H Herriot B Baxter appointed in year M D Sweet appointed in year
The Company is Limited by Guarantee and does not have a share capital. Accordingly, no Director held any interest in share capital in the year.
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TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
SMALL COMPANY EXEMPTIONS
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
FINANCIAL RESERVES
Reserves held are allocated to the development of the site at West Buckland and the furtherance of our charitable activities.
STATEMENT OF DIRECTORS' RESPONSIBILITIES
Company Law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing those financial statements the Directors are 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 inappropriate to presume that the Company will continue in business.
The Directors 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 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
M Le Coyte Secretary
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TAUNTON MODEL ENGINEERS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025
| INCOMING RESOURCES Activities in furtherance of the Charity's objectives Subscriptions note 1 Railway Income Donations note 1 Grants Received Auction Sale Proceeds and Commission on Sales Other Sales and Fundraising 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 |
2025 2024 £ £ 5865 5186 3579 2723 5663 25195 5287 5287 21479 5833 3785 3132 107 192 45765 47548 9878 7256 15461 14556 25339 21812 20426 25736 20426 25736 187993 162257 208419 187993 |
|---|---|
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TAUNTON MODEL ENGINEERS BALANCE SHEET AS AT 31ST DECEMBER 2025
| Fixed Assets Tangible Assets note 4 Current Assets Stocks note 1 Prepayments note 5 Debtors note 5 Cash at Bank and in Hand Current Liabilities Creditors note 6 Net current assets Total assets less current liabilities Amounts falling due after one year note 7 Net assets Funds of the Charity note 8 |
2025 £ 269224 269224 559 1052 947 15881 18439 8376 8376 10063 279287 70868 208419 208419 |
2024 £ 261627 |
|---|---|---|
| 261627 | ||
| 700 541 5030 7267 |
||
| 13538 | ||
| 11017 | ||
| 11017 | ||
| 2521 | ||
| 264148 | ||
| 76155 | ||
| 187993 | ||
| 187993 |
In approving these financial statements as directors of the company, we confirm that: For the year ending 31 December 2025 the Company was entitled to exemption from audit 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 accounts for the year in question in accordance with section 476
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 were approved by the Board of Directors on xxxxxxxxxxxxxxxx
Signed DJ Hartland, Chairman
___ ______February 2026
The notes on pages 6, 7 and 8 form part of these financial statements
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TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1 ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historic cost convention on a going concern basis in accordance with FRS102 and the Charities SORP.
Tangible fixed assets
Fixed assets are shown at net book value as at the date of becoming a charity plus additions at cost less accumulated depreciation since the date of becoming a charity.
Depreciation on Plant and Equipment is provided at 20% per annum on a reducing balance basis. Buildings and railway track are depreciated at 5% per annum on a straight line basis. 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 is a Registered 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 been entered into.
Material Incoming Resources
Material incoming resources are recognized on a receivable basis except in the case of Capital Grants. These are recognised on a straight line basis over the anticipated life of the asset acquired with the grant.
The Net Incoming Resources is stated after charging/crediting:
2025 2024 £ £ Depreciation 15461 14556
2 NET INCOMING RESOURCES
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TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025
3
4
5
6
| INTEREST RECEIVABLE AND SIMILAR INCOME 2025 2024 £ £ Interest receivable 107 192 TANGIBLE FIXED ASSETS Freehold Buildings Plant and Total Land and Track Equipment £ £ £ £ COST As at 31 December 2024 41400 269563 13891 324854 Additions during year 23058 0 23058 At 31 December 2025 41400 292621 13891 347912 DEPRECIATION As at 31 December 2024 54337 8890 63227 Charge for the year 14461 1000 15461 At 31 December 2025 0 68798 9890 78688 NET BOOK VALUE At 31 December 2024 41400 215226 5001 261627 At 31 December 2025 41400 223823 4001 269224 PREPAYMENTS and DEBTORS 2025 2024 £ £ Insurance premiums paid in advance 1052 541 Debtors 947 5030 CREDITORS Subscriptions paid in advance 2480 2585 Deferred Grant 5287 5287 Other creditors 609 3145 8376 11017 Creditors Amounts falling due after one year Deferred Grant 70868 76155 |
INTEREST RECEIVABLE AND SIMILAR INCOME 2025 2024 £ £ Interest receivable 107 192 TANGIBLE FIXED ASSETS Freehold Buildings Plant and Total Land and Track Equipment £ £ £ £ COST As at 31 December 2024 41400 269563 13891 324854 Additions during year 23058 0 23058 At 31 December 2025 41400 292621 13891 347912 DEPRECIATION As at 31 December 2024 54337 8890 63227 Charge for the year 14461 1000 15461 At 31 December 2025 0 68798 9890 78688 NET BOOK VALUE At 31 December 2024 41400 215226 5001 261627 At 31 December 2025 41400 223823 4001 269224 PREPAYMENTS and DEBTORS 2025 2024 £ £ Insurance premiums paid in advance 1052 541 Debtors 947 5030 CREDITORS Subscriptions paid in advance 2480 2585 Deferred Grant 5287 5287 Other creditors 609 3145 8376 11017 Creditors Amounts falling due after one year Deferred Grant 70868 76155 |
INTEREST RECEIVABLE AND SIMILAR INCOME 2025 2024 £ £ Interest receivable 107 192 TANGIBLE FIXED ASSETS Freehold Buildings Plant and Total Land and Track Equipment £ £ £ £ COST As at 31 December 2024 41400 269563 13891 324854 Additions during year 23058 0 23058 At 31 December 2025 41400 292621 13891 347912 DEPRECIATION As at 31 December 2024 54337 8890 63227 Charge for the year 14461 1000 15461 At 31 December 2025 0 68798 9890 78688 NET BOOK VALUE At 31 December 2024 41400 215226 5001 261627 At 31 December 2025 41400 223823 4001 269224 PREPAYMENTS and DEBTORS 2025 2024 £ £ Insurance premiums paid in advance 1052 541 Debtors 947 5030 CREDITORS Subscriptions paid in advance 2480 2585 Deferred Grant 5287 5287 Other creditors 609 3145 8376 11017 Creditors Amounts falling due after one year Deferred Grant 70868 76155 |
|---|---|---|
| 41400 292621 |
13891 347912 |
|
| 54337 14461 |
8890 63227 1000 15461 |
|
| 0 68798 |
9890 78688 |
|
| 41400 215226 |
5001 261627 |
|
| 41400 223823 |
4001 269224 |
|
| 2025 2024 £ £ 1052 541 947 5030 2480 2585 5287 5287 609 3145 |
||
| 8376 11017 |
||
| 70868 76155 |
7
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TAUNTON MODEL ENGINEERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025
- 7 CALLED UP SHARE CAPITAL
The company is limited by guarantee and does not have a share capital.
- 8 RESERVES
| RESERVES | |
|---|---|
| As at 1 January 2025 Net Incoming Resources At 31 December 2025 |
£ 187993 20426 |
| 208419 |
TAUNTON MODEL ENGINEERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
INDEPENDENT EXAMINER'S REPORT
Report to the Trustees/Directors of Taunton Model Engineers on the accounts for the year ended 31st December 2025 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 Company for the year ended 31 December 2025.
As the charity's trustees of the Company (who are also directors of the Company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 1345 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
I have completed my examination, I confirm that no material matters have come to my attention which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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 accounts to be reached.
Signed
Antoinette Norman 18th February 2026