2025-10-31-accounts

Company registration number: 02134529 Charity registration number: 298116

Wimborne Minster Model Town

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 October 2025

Wimborne Minster Model Town

Contents

Reference and Administrative Details	1
Trustees' Report	2 to 6
Independent Examiner's Report	7
Statement of Financial Activities	8 to 9
Balance Sheet	10
Notes to the Financial Statements	11 to 23

Wimborne Minster Model Town

Reference and Administrative Details

Trustees	I M Stevenson, Chair of Trustees (Appointed 29 July 2025)
	J Runciman, Chair of Trustees (Resigned 29 July 2025)
	H Birchenough
	J Chissel (Appointed 19 May 2025)
	M J Hopkins, Treasurer
	D W Hughes (Appointed 30 September 2025)
	D P Jones
	J King
	M G Terrell (Resigned 31 October 2025)
Charity Registration Number	298116
Company Registration Number	02134529
Registered Office	Wimborne Minster Model Town
	16 King Street
	Wimborne
	Dorset
	BH21 1DY
Independent Examiner	PKF Francis Clark
	Chartered Accountants
	Towngate House
	2-8 Parkstone Road
	Poole
	Dorset
	BH15 2PW
Solicitors:	Talking Legal Lawyers
	The Granary
	2 The Barns
	Longham Farm Close
	Ferndown
	Dorset
	BH22 9DE
Bankers	Barclays Bank UK PLC
	Churchill Place
	Canary Wharf
	London
	E14 5HP
	Nationwide Building Society
	Kings Park Road
	Moulton Park
	Northampton
	6NW
	Aldermore Bank Plc
	Western House
	Lynch Wood
	Peterborough
	PE2 6FZ

Page 1

Wimborne Minster Model Town

Trustees' Report

I M Stevensonn, Chair of Trustees (Appointed 29 July 2025) J Runchiman, Chair of Trustees (Resigned 29 July 2025) H Birchenough J Chissel (Appointed 19 May 2025) M J Hopkins, Treasurer D W Hughes (Appointed 30 September 2025) D P Jones J King M G Terell (Resigned 31 October 2025)

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 October 2025.

Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities.

Objects of the Charity

The objects of the charity are to advance the education of the public of Wimborne Minster Town, on its history, architecture, design and layout by maintaining and displaying a 1/10th scale model of the Town as it was in 1950. We also promote its social history for the benefit of its inhabitants and of visitors to the town through a number of associated displays including a 1950’s school room and historical timeline of events since 1950. The principal activities relate to the achieving of these aims with particular emphasis on the education of our younger visitors and also by the provision of easy access for the disabled

Investment Powers

Under the memorandum of articles of association, the charity has the power to make any investment which the trustees see fit. Investments are properly managed to ensure they are safe and within FCA protected schemes with investment sums not exceeding appropriate limits.

Structure Governance and Management

The Charity is governed by a board of trustees selected for their skills that match the needs of the charity. Trustees are appointed for a 3 year cycle but may apply for re-election after their term of office is completed. Trustees may only serve for 3 such cycles though may be re-elected beyond that timescale if it is in the interests of the Charity for this to happen. During this year the Chair, Ms Judi Runciman retired with immediate effect on 29th July 2025 and was replaced by Iain Stevenson, JP following election on 29th July 2025. Mr Stevenson had previously completed 10 years in this capacity retiring in 2022. Heather Birchenough who retired at the AGM was also reappointed to the Board on 29th July 2025. Mark Terrell retired at the end of the season 31st October 2025. A further trustee, Derek Hughes was appointed on 30th September 2025.

Day to day operation of the attraction remains delegated to a paid Manager and deputy. Publicity, social media and PR is delegated to a Marketing consultant.

Trustees meet monthly to administer the charity and meetings have included the Manager and reports are received from the marketing consultant. Both trustees and the Managers are supported in attending appropriate training courses and all receive full induction training.

Page 2

Wimborne Minster Model Town

Trustees' Report

Risk Management

Risks to all aspects of the business are regularly reviewed and where identified appropriate policies implemented. The treasurer has delegated responsibility for managing financial risks and is assisted by an external qualified accountant. One trustee is charged with managing all other physical risks in relation to the site. HR risks are managed via an outsourced HR service. Health and safety has also been outsourced to an appropriately qualified consultant. Reports from both of these consultants are received as required or necessary.

Review of the activities and future developments

General

The Charity meets its objectives by opening to the public from Easter to the end of October each year. All visitors pay an admission fee and this enables the charity to continue to operate. Pricing is based on age criteria but set at a level that is acceptable to all in society. To encourage attendance the charity organises special events and participates in activities put on in the town of Wimborne. In addition to the model of the Town we also offer educational facilities through a 1950’s schoolroom and shop together with displays of historical timelines associated with the era and development of the Model Town. We also offer ancillary attractions including a 9 hole crazy golf course, model railway, dolls house and teddy bear exhibitions plus play areas for children.

Feedback gained from visitors remains generally excellent and the models, educational displays and our other attractions are very well received.

The winter maintenance period was dominated reroofing the visitor centre and updating internal panelling in the kitchen. This was in addition to the usual site and model building maintenance.

We ran a number of events this year; a railway weekend, model building day toy bear event and a ‘memories of yesteryear’ vintage vehicle day. We also supported the town by participating as a dance venue in the annual folk festival weekend. All of these proved to be extremely popular and well attended, being blessed generally by good weather.

Finally, we acted as a film set for a music video for the band The Last Dinner Party.

Financial - 2025 season

Re-roofing and work to the visitor centre cost £52,000 this being in addition to our normal winter maintenance expenditure. In addition, we negotiated the purchase of the building known as Shed 5 from the owner, Mr B Salter. This cost the Model Town £5,000 but enables this building to be repurposed to further enhance our visitor attractions.

To undertake the above, which represented a significant investment in the site and its facilities, we were required to utilise some of our reserves. The board however, agreed to replenish these over a number of years and the payment for this year has been completed. We were able to do this as visitor numbers remained high throughout the season and exceeded the previous year. As a result and even allowing for the above significant expenditure we are seeing a reasonable surplus for this financial year.

Page 3

Wimborne Minster Model Town

Trustees' Report

Financial Year 2025/2026

The trading surplus will enable the board to instigate a number of site improvements over the winter season. Internal reconfiguration of the visitor centre will be undertaken with the aim of improving the visitor experience and essential works are to be taken to the grounds and other areas of roofing. No significant expenditure is proposed and we are expectant of another positive season in 2026..

Public Benefit

The trustees have given due regard to public benefit when planning the charity's activities, in accordance with the Charity Commission's Guidance on Public Benefit.

The paragraphs above set out the activities, achievements and performance during the year, which are directly related to the objects and purposes for which the charity exists. The charity achieves its principal objects and purposes by maintaining and displaying a scale model of the town as it was in 1950 and promoting knowledge of local social history with particular emphasis on younger visitors and easy access for the disabled. These benefits are directly related to the aims of the charity and are fully compliant with the Charity Commission Principles on Public Benefit.

Reserves Policy and Risk Management

The trustees continue to meet on a monthly basis to review the current activities and make plans for the future. At the same time they examine any areas where there could be any risk to the smooth-running operation of the charity and decide how best to minimise any impact that such risks could occasion, should they materialise.

At 31 October 2025, after reflecting bills accrued in this year but not paid, our general unrestricted reserves are now £175,820; which is lower than the Board’s agreed figure of £200,000. We are taking steps to make good the difference over 3 years and already the 31st October figure reflects £6,000 paid into reserves in this financial year.

Our current Account balances stood at £143,000 but are expected to be in the region of £120,000 once outstanding VAT has been paid to HMRC and all accounts relating to the 2024/25 season are paid.

Out of this at least £50,000 will be needed to cover the everyday running expenses during the time that we are closed, as we have virtually no income during this period. The trustee's policy is to maintain the free reserves to cover such specific costs, resulting from these five months of expenditure.

In addition, it is the trustee’s policy to maintain a further reserve to cover any future deficit in our trading income. The trustees have allocated £50,000 to cover this eventuality as this would have a knock-on effect to the following closed season.

Donations

Donations collected from the Holloway fountain during 2025 season amounted to £72.00. This sum will be donated to Streetlight, a local charity supporting Wimborne youth.

In addition, the Charity recognises the value of volunteer services as being £120,000.

Page 4

Wimborne Minster Model Town

Trustees' Report

Independent examiners

A resolution will be proposed at the Annual General Meeting that PFK Francis Clark be reappointed as Independent Examiners to the charity for the ensuing year.

Small Company Provisions

This report has been prepared taking advantage of the small companies’ exemption of Section 415A of the Companies Act 2006.

The annual report was approved by the trustees of the charity on 12 March 2026 and signed on its behalf by:

................................................

I M Stevenson, Chair of Trustees (Appointed 29 July 2025) Trustee

Page 5

Wimborne Minster Model Town

Trustees' Report

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Wimborne Minster Model Town for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 6

Wimborne Minster Model Town

Independent Examiner's Report to the trustees of Wimborne Minster Model Town ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors 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 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 145 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.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of Wimborne Minster Model Town as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

......................................

Adrian Way FCCA FCA (a director of) PKF - Francis Clark Chartered Accountants

Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW

13 March 2026

Page 7

Wimborne Minster Model Town

Statement of Financial Activities for the Year Ended 31 October 2025 (Including Income and Expenditure Account)

Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18	Unrestricted funds £ 7,815 198,981 32,976 5,341 245,113 (10,800) (193,940) (204,740) 40,373 40,373 412,953 453,326	Restricted funds £ - - - - - - - - - - 2,506 2,506	Total 2025 £ 7,815 198,981 32,976 5,341
			245,113
			(10,800) (193,940)
			(204,740)
			40,373
			40,373 415,459
			455,832

The notes on pages 11 to 23 form an integral part of these financial statements. Page 8

Wimborne Minster Model Town

Statement of Financial Activities for the Year Ended 31 October 2025 (Including Income and Expenditure Account)

Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18	Unrestricted funds £ 7,690 175,945 26,419 4,771 214,825 (10,485) (210,488) (220,973) (6,148) (6,148) 419,101 412,953	Restricted funds £ 72 - - - 72 - - - 72 72 2,434 2,506	Total 2024 £ 7,762 175,945 26,419 4,771
			214,897
			(10,485) (210,488)
			(220,973)
			(6,076)
			(6,076) 421,535
			415,459

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 11 to 23 form an integral part of these financial statements. Page 9

Wimborne Minster Model Town

(Registration number: 02134529) Balance Sheet as at 31 October 2025

Note Fixed assets Tangible assets 13 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Creditors: Amounts falling due within one year 17 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 18 Unrestricted income funds Unrestricted funds Total funds 18	2025 £ 142,506 3,780 12,140 328,910 344,830 (31,504) 313,326 455,832 2,506 453,326 455,832	2024 £ 137,145 3,247 13,279 285,590
		302,116 (23,802)
		278,314
		415,459
		2,506 412,953
		415,459

For the financial year ending 31 October 2025 the charity 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 charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements on pages 8 to 23 were approved by the trustees, and authorised for issue on 12 March 2026 and signed on their behalf by:

.........................................

I M Stevenson, Chair of Trustees (Appointed 29 July 2025) Trustee

The notes on pages 11 to 23 form an integral part of these financial statements. Page 10

Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Wimborne Minster Model Town is a registered charity, registration number 298116, company number 02134529, registered in the United Kingdom. The address of the charity is given in the reference and administrative details on page 1 of these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees' annual report.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Exemption from preparing a cash flow statement

The charity adopted Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The financial statements have been prepared on a going concern basis. As explained in the trustee report the board have considered the future uncertainties and the impact on the charity’s operations and finances in the short to medium term. In the opinion of the board, the charity has sufficient working capital to continue to meet its financial obligations and pay its liabilities as they fall due for the foreseeable future. The board have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves held for the charity to be able to continue as a going concern.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 11

Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Gift aid

Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.

Other trading activities

Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).

Investment income

Investment income is recognised on a receivable basis.

Charitable activities

Income from charitable activities includes some income recognised as earned (as the related goods or services are provided).

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 12

Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Governance costs

These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and Trustees' meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Heritage assets

Heritage assets held are a permanent collection of model buildings showing Wimborne Minster Town as it was in 1950.

These assets are significant to the charity because the Charity's objects are restricted to advance through education, knowledge of the town of Wimborne Minster, its history, architecture, design and layout, including the social history, through the establishment and maintenance of a permanent collection of model buildings showing Wimborne Minster Town as it was in 1950. The assets are used by the charity for these purposes.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	10% straight line basis
Site and gardens	10% straight line basis
Plant and equipment	20% straight line basis
Models	10% straight line basis
Exhibitions	20% straight line basis

In the year of addition a full year depreciation is charged and in the year of disposal no depreciation is charged.

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out basis (FIFO).

Page 13

Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against net incoming resources on a straight line basis over the periods of the lease.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the Charity.

Designated unrestricted funds are resources set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 14

Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies; Donations Grants, including capital grants; Grants	Unrestricted funds General £ 7,815 - 7,815	Total 2025 £ 7,815 - 7,815	Total 2024 £ 7,312 450
			7,762

3 Income from charitable activities

Gift Aid tax relief Admission fees Gift Aid tax relief Admission fees	Unrestricted funds General £ 31,561 167,420 198,981 Unrestricted funds General £ 28,375 147,570 175,945	Total 2025 £ 31,561 167,420
		198,981
		Total 2024 £ 28,375 147,570
		175,945

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

4 Income from other trading activities

Trading income; Shop income from sale of donated goods and services Other trading income Catering sales 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits 6 Expenditure on raising funds	Unrestricted funds General £ 16,339 7,682 8,955 32,976 Unrestricted funds General £ 5,341	Total 2025 £ 16,339 7,682 8,955 32,976 Total 2025 £ 5,341	Total 2024 £ 14,301 6,764 5,354
			26,419
			Total 2024 £ 4,771

a) Costs of trading activities

Costs of goods sold	Unrestricted funds General £ 10,800 10,800	Total 2025 £ 10,800 10,800	Total 2024 £ 10,485
			10,485

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

7 Expenditure on charitable activities

Site management Rent and rates Water, gas and electricity Visitor centre service costs Insurance Repairs and maintenance Visitor centre project Publicity Exhibition expenses Legal and professional fees Depreciation of fixed assets Support costs Governance costs (see note 8)	Total 2025 £ 41,252 1,242 9,020 3,273 6,487 43,769 10,523 26,317 5,233 3,266 25,481 12,719 5,358 193,940	Total 2024 £ 41,508 2,504 10,602 4,804 8,978 32,779 30,862 33,384 3,641 2,057 24,171 10,212 4,986
		210,488

8 Analysis of governance costs

Governance costs

Independent examiner fees Examination of the financial statements	Unrestricted funds General £ 5,358 5,358	Total 2025 £ 5,358 5,358	Total 2024 £ 4,986
			4,986

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

9 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

Depreciation of fixed assets Independent examiner's fee	2025 £ 25,481 5,358	2024 £ 24,171 4,986

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration or any other benefits from the charity during the year.

11 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were: Wages, salaries and subcontractors National Insurance contributions Pension costs	2025 £ 39,666 1,321 265 41,252	2024 £ 39,032 2,242 234
		41,508

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

The average number of employees during the year was	2025 No 2	2024 No 2

No employee received emoluments of more than £60,000 during the year.

12 Taxation

The company is a registered charity and is, therefore, exempt from taxation.

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

13 Tangible fixed assets

Cost At 1 November 2024 Additions At 31 October 2025 Depreciation At 1 November 2024 Charge for the year At 31 October 2025 Net book value At 31 October 2025 At 31 October 2024	Land and buildings £ 269,813 30,842 300,655 179,073 16,470 195,543 105,112 90,740	Models, plant and equipment £ 61,372 - 61,372 58,334 2,354 60,688 684 3,038	Exhibitions £ 8,764 - 8,764 7,864 900 8,764 - 900	Site and gardens £ 104,812 - 104,812 62,345 5,757 68,102 36,710 42,467	Total £ 444,761 30,842 475,603 307,616 25,481 333,097 142,506 137,145

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

14 Heritage assets

Heritage assets not recognised in the balance sheet

Heritage assets held are a permanent collection of model buildings showing Wimborne Minster Town as it was in 1950.

The charity has not obtained a valuation of its donated heritage assets. It is impracticable because the model buildings comprise an exact 1/10th scale replica of Wimborne town centre as it was in 1950. The buildings in the centre of the town were individually surveyed at that time and the replicas were hand crafted in concrete, based on the plans drawn up from the survey. The original plans and construction formers have been lost in the interim years and a number of the key buildings in the actual town of Wimborne have been demolished over time. It is therefore now impossible to replicate the models.

These assets are significant to the charity because the Charity's objects are restricted to advance through education, knowledge of the town of Wimborne Minster, its history, architecture, design and layout, including the social history, through the establishment and maintenance of a permanent collection of model buildings showing Wimborne Minster Town as it was in 1950. The assets are used by the charity for these purposes.

15 Stock

Stocks 16 Debtors Trade debtors Prepayments	2025 £ 3,780 2025 £ 6,775 5,365 12,140	2024 £ 3,247
		2024 £ 7,603 5,676
		13,279

17 Creditors: amounts falling due within one year

Trade creditors Other taxation and social security VAT grant repayable Accruals	2025 £ 9,041 3,095 14,958 4,410 31,504	2024 £ 5,016 3,518 10,668 4,600
		23,802

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

18 Funds

Unrestricted funds General Retained Reserve Designated Designated Fixed Asset Reserve Adverse Weather Repairs and Replacements Total unrestricted funds Restricted funds Minster Repair Holloway fountain Total restricted funds Total funds	Balance at 1 November 2024 £ 140,808 137,145 45,000 90,000 272,145 412,953 2,118 388 2,506 415,459	Incoming resources £ 245,113 - - - - 245,113 - - - 245,113	Resources expended £ (204,740) - - - - (204,740) - - - (204,740)	Transfers £ (5,361) 5,361 - - 5,361 - - - - -	Balance at 31 October 2025 £ 175,820 142,506 45,000 90,000
					277,506
					453,326
					2,118 388
					2,506
					455,832

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Unrestricted funds General Retained Reserve Designated Designated Fixed Asset Reserve Adverse Weather Repairs and Replacements Total unrestricted funds Restricted Minster Repair Holloway fountain Total restricted funds Total funds	Balance at 1 November 2023 £ 147,135 136,966 45,000 90,000 271,966 419,101 2,118 316 2,434 421,535	Incoming resources £ 214,825 - - - - 214,825 - 72 72 214,897	Resources expended £ (196,802) (24,171) - - (24,171) (220,973) - - - (220,973)	Transfers £ (24,350) 24,350 - - 24,350 - - - - -	Balance at 31 October 2024 £ 140,808 137,145 45,000 90,000
					272,145
					412,953
					2,118 388
					2,506
					415,459

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Wimborne Minster Model Town

Notes to the Financial Statements for the Year Ended 31 October 2025

Fixed asset reserve - In order to ensure that the charity has adequate funding for future requirements, an amount equal to the net book value of fixed assets is maintained in a designated fixed asset reserve.

Adverse weather reserve - It is the trustees' policy to maintain a reserve to cover any future deficit in trading income, £45,000 has been designated should we experience a poor trading season due to adverse weather as this would have a knock on effect to the following closed season.

Repairs and replacements reserve - The site buildings and facilities are now over 30 years. Programmes are in place to both maintain the models and renovate all the site buildings and facilities.

19 Analysis of net assets between funds

Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets	Unrestricted funds General £ Designated £ - 142,506 207,324 135,000 (31,504) - 175,820 277,506 Unrestricted funds General £ Designated £ - 137,145 164,610 135,000 (23,802) - 140,808 272,145	Restricted funds £ - 2,506 - 2,506 Restricted funds £ - 2,506 - 2,506	Total funds at 31 October 2025 £ 142,506 344,830 (31,504)
			455,832
			Total funds at 31 October 2024 £ 137,145 302,116 (23,802)
			415,459

20 Related party transactions

There were no related party transactions in the year.

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