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2022-09-30-accounts

Ch•rtty Trglslratlon nurnb•r NIC100683 Company r•gl•traUon numb•r M1025802 (Northom I￿￿nd) BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIEfY LTD ANNUAL REPORT AND UNAl1D￿ED FINANCIAL STATEMEp¥f8 FOR THE YEAR ENDEO 30 SEPTEMBER 2022

BELFAST AND COUNTY DOWN MINIATURE RAILWAY 80CIETY LTD LEGALAND ADPAINISTrATIVE INFORMATION Tr￿t••1 MrDH•a Mr8Jor Mr J Th0ftw￿n Mr K Vemon MrA KempBlon Mr H Hamon {Appotnl¢d 17 DK¢rnb•r 20211 (Appolnt•d 17 Oec•mber 2021) (Appoknled 17 DKenor 20211 (Appolntad 17 D•cem 20211 MrJ Malhow8 Mrc McDon•ld Mr K V4tod S•¢rntsry Mr D Hoalhy Chw6ty nurnb•r NIC100683 Comyrw numb•r N1025802 Prfncl￿l •ddrrf• eo Upper Gransha Ro•d Do￿gh0dQ8 8T21 OLZ R•ol•l•r•d offle• Cqnlury Hou8e 40 Cf•Kenl BuBlnMs PA Usbum BT28 2G 1ndlpond•nt•￿rnln•r GMCG LISBURN C•nlury Hou1• 40 CreK•nt Busln•As Pork Llsiwm 8T28 2GN BAnk•rn D￿ske 8ank 77 Maln Str••l 8aTW Co. ￿•Th BT20 SAP

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD CONTENTS Trustee$ rnFprt Ind•p•nd•nl •x8mlnB¢• roport SIalem￿l ol IkwirJo18dbvitye8 Stalemenl ol ftnanclal polthj) No1•810 the finanrljl ￿￿lemen 7.12

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIEfY LTD TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEM8eR 2022 Tho tru8teeB w•sanltheir wual rewl •nd fmanclal slal•mentslorlho year ended 30 ￿ln￿2022. The Ilnonclal 8tatom￿1s havè btsn preparEd In a¢cordanc w6th Act￿nI￿o poWg9 sel ryjl kn Tr)10 110 the finan1)￿ sta1￿•￿ts and wnply tha ¢x)mpanrf Mernorondum and Arbdes of As80clglion. tho Cory¥anles N£t 2Cth "ACCO￿lI1r¥J ¥rwJ Reportlng by Charille5'. Stelemenl of Recoff￿￿￿tt Pfth app[1¢ab￿ lo chorititits pr•parfffj Ihelr ac¢ounls In acccKdanra wlth th• FIn￿de1 Reporting Standard Iprllcth In Ihe UK 4nd R•pubUc of Ir•l•nd (Ffts 1tr2) (eff•(aha 1 Januy 20191". Obl•ct5¥M and actlvldq• Th• 6odfrlV$ oblocllves to a¢fvon¢o the ¢dUCall￿ al th• p￿1[( kn Ihe hlstory and de¥•lopmert of rdtr•Ay louJmollveJ and famway ¥¥h￿OI by pmvldlnB, con8lNdlNJ and op•rntlno a •evon and J quartor Incth geuge 8••rw9ra￿jfi9 mlnlolwè rnllwaytwllh bumtrys. The Iw8le•J h•v• pald duo rng•rd lo quldance by Iho Charity Camrnlulon In dedd9 whol a&lvltle8 the cwnwy should unthrtak•. Ac￿•￿ments ¥nd pqrfomiAfiC• Th• rnilwJy oper8l•d tha njnnky w•s genef•ly busy on mwl day•. pmvldkng an •rfoyatrl• lawnlng axperknce for v16itorn and mambarn. Mod& EThJln¢¢rn' Sod•ty IlNI} kn"rnited. IMESNI>. dod on the 3111 of Dec•mber 411 l• aBsg18 and mèmbwj Iransllrnd to th• ¢h•rfly. Mernbern voled on 4 nth¥ Dwm•h•y Jurdcm R•llway •)d Model Engln••rfng Socknty, %lchwll be r•tilled Al th• next AGM. wlh Ihe laThlwd rngiollng a leaie ¢oniinuts wllh lh• pomlblity of 4 le•M for a ol t4¥Mty.fi yearn io off•r 81abllty And lo pr￿Id0 • flrm po$ltlon Should gov•rrnnt gr•nls be ￿P￿ted for Slnc8 th• amal9)malknn of t￿ iorJall••. an in¢re48• In lh• number of acll¥• p•opkn on tha dl•, Improvlng Iho vlo4w oJ(perf•nE• and •s the ethcal maiB of w￿k?￿ •c¢W on Ihe lite and • hupè 4mounl of wort hJ8 been rawded r A rn18ed track Iw IN9& and a hall onrt nv• lrth locom￿1¥•• h•1 b••n •rnct•d. Th• car p•rk wa8 ext?nded •nd • lol ofwlld M&d I￿n aloTrJ b4nkn ofioll. An6w d￿hOwe blg eMuBh fofmemkn io ••1 logaUr afrl¥J knAwU. Th• Larlly contknued lo wo¥ld• • rnlnliWr• ralw wlth li••￿ dlesel and oladrfc loconwllv•s. ￿lWaY v•hlde•. Infrn8tNctwe ropkatjrya the r4Iw8y erwlronmeni ol • bygon• •rn. 11 prole¢ted Qur Indust￿1 horitsge by mdnlthkng Iradllknnal engln¢•dng skmls and palling Ihe on lo a new g•n•rnllon F•nU.:￿S exporf•rK•d loBefvr INng8 fremn tho pa￿, le•miw how Iocomotlvtt work. hnportanc4 01 lh• ￿l￿ayS In Ih• expanthn tsl Ihe Induslrial r•valu16on and our Indultdal Hethag•. A programm• ol In hwi• m￿￿ten0r￿ r•fvrlJi8hed much ol th• itock Int•r••d m¢nthr8 r￿￿¥0 tr•I￿rt9 In th1• mallor P•wnts, thlldffjn, grnndpaKenls yondthildron and olher l•mlly and gFDLWJ have Inl•r•ded ￿￿•ther and wllh our"•xperti' ai they d￿l￿d Ih PASI th• chRnw9 lem overlhD gonernlloni. Ow'•xport8' domon8trat•d fftow thln95 wtyk and how Illngs d¢x. These Ini•rn¢kns helped b￿ld family ljondA •1￿ Lyowt? Ibfolong m•rnorkn6 us wen as Ib• •nghMfjdn9 and Klenc• ol lh• rnllwry8 irul englneerfng In N¢xlhem Irela￿1. 2022 wa8 4 very exownq y•w 1￿Cau[• so muth wa¥ othlw•d lh• ￿cIalle8 hav• brend￿ wllh now le￿• wthklrtsj togeihBr lo cary • ¥•rfety ol PrO￿ts

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD TRUSTEES. REPORT ICOPffiNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Fln•ncl•l rwl•w The forth• ye8f af8 W Lmrt In dew on pag•8 S to 12. Th• c4Jnp8ny m￿rn•￿ nel Inc￿1￿¥ rv5oU￿8s lor Iho of £55.53112021- £5,Ce8I. t•av6ng uNeilrt¢ted lund8 91 £109.9401202fy £53.2991 and re61ricled funds 01 £17.58012023 - £18.6901. IndudBd I￿¢hIn dDnation• durtr4J the yur Is E42.6(hJ In ialAllon lo nDt Iransf•ffed from th8 Modal EnokneerT' Soclety INI) LlrnSlod. IMESNII to tho chorfty. Unr•ricl•d fvnd• are n•ad•d'. al to provldo lundi vhi can ￿ ￿•￿￿￿¢•￿ to op•df projeth lo enatdo Ihes• wole¢ti to b• U1￿0rtAkffn el jh￿ noUc4, End, b) to cf>vw•dMlnlstra￿On, fund.raithg and Supporte￿1% wilhoul whkh IhE chartty could not funt#k>n. The &)nihl8r11 prud•nl that unr¢slrlct•d r•geN•8 thould bo luffldent lo on8urn thal, In the ov•nl of a •Wlficanl drop In fundlrva, they b• able ¢0 contlnu• th• d￿rtI￿8 curr•nl whll• ¢onoldernllan h gl¥ to Wa￿ In whkh ddhSono1 funds muy b• rnlled, Tho hav• BSS•Awd th• rnalor rf8ks to whkn Ihe cOm￿nY li •xpo8¢d Ind •r• Mtl•fl•d that iy8l•m8 arn In plBCO lo mltat6 exposur• ID Ihe mjlor rliks. StruGts•r•i 90￿M•￿C• Ind m•nigwn•nt The Eoryany18 oovom•d by l Mernornndum 1ndA￿•S olAs8¢¢I￿10Th. Tho company18 nol-lor-p￿flI and18 Ilmllud by guaranlae, thfr SlabHity ol It8 mWn￿r0 I￿n9 limltsd lo £1. The trustees. who arn th• dlr•dorB for th• P￿p￿ of¢ompAny I￿, and vtho MN•d thjrfng ihe y•Of w•r•'. Mr N Adam8on IR•41gr￿d 31 December 20211 Mr D H•AUay Mr B Jone8 Mr R Locwfjod Mrc Ragg MrA Thornpwn Mr J Thompon Mr KVam¢n MfA K￿￿•ton Mr H Hamlllon Mr J Malh Mr C McDoMkl Mr KIAbod PoInt•d 17 December 20211 IApp(dnl•d 17 DK•mber 20211 On• Illrd ollhe Dlr•clor• rn￿1 •¢ aach AGM, It#x• lor4MI offie4 f￿rI￿a firnt and lh• thok• b•tr*M•n Any of•qual 9gNlc• bdng mode ty dr•wlno10th. TNS rnport hal bo•n pr•p•r•d In wlth th6 prov1￿0￿ applkabknto wmpanies •ntllled lo wnall compath •x•Th￿110n. Th tru8tee .by Ihe eowd olTwst•M. Mr B Jon•• Tru8100

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD INDEpeNDENT EXAMINER'S REPORT TO THE TRiISTEES OF BELFAST AND coufriry DOWN MINIATURE RAILWAY SOCIEfY LTD IAkn repwt OTr Ihe 6thiemenlJ ol the company for th• y￿1 •rthl 30 Sopl•mber 2022. vthith arn let out on pgDes J lo 12. R••p•et1￿ mpon•lbllltl•8 ol trustee• Ind vxamln•r A• Ihe chAftty thrnctorB you Jre re8ponAlblB for Ihe prnp•rntlon of Ihe acco￿￿$ In 4ceordanc8 wKh thfj req¢Jrnm&nts ol thè Componhs Ad 2006 H8viNJ ￿11$fled oUrB•Iv￿ that tho d)arty Is not Sublecl ID 8￿]11 ndw campany Ww. and * •fillth lor Indep•nderl •xomin•l10rn11 l• our w%bWIty Io.. . th? acc(wl8 undor i•ctkn 65 ollhè Charflhg ￿ I￿rthe￿ Ir•lar￿> %JO8. . loifow Il proc•dure81okl down In tho Dlr8alons ¥ven ty the Charty C¢Mnmls8ltsn lor Nrthem lrnland UWKler 6519llb) ollhe ch￿￿￿•$AC1.' And stato whlhr parthxlar matt•rn heve Corn• lo our altenum. BAsl• oflndop•nd•ni •xamln•rf• t•wl have exarrnn?d your d￿rtlY a¢twnl8 •1 rewtr•d und•r 8ecl&ryn 65 01 Ihe ChaiitiO¥ Acl 8nd our •x8mlnallon was crfed wl In a¢cordanc• wilh Ih qgnwal Olr•ction8 gl¥•n by lh• Chartty Commls8lon lor Northqm Irdar#l und8r 0•Ct￿ 649Mbl ol th• ChArltle• Ad Tts examlnAlknn Included D I￿1•W ol I rKorfs kepi by Ihe chority Jnd ¥ ¢omporlson olth• acthuntj Wl8•nted wmh Ihom record•. 11 allo Indudès txnjldvrnllon of any ￿￿sU￿1 Ilemi or dl8dosuf•8 In the •crxunts. •nd seekln9 explon•Uoni from you a8 ¢hartly truth•i c&)ncernlng any •uch mthr8. Ow ￿1 {• lo Ilalewhetlw any m•tsrfal mitteT8 have ¢ome to ourJlt•nb"(￿ pmng ui uuio to b•llev•.' Th•1 •Lrountlng wern not kept In a¢e4rdAn¢• wilh 386 oltho CompMleJAd 21K16 2. Th11 Ih• •￿nI0 do Mi vAlh It￿& •c¢ountSng r•GO That tho •(wJnt8 (k not cornply wlth tm aewJntlThJ ￿9￿r￿MEn11 of Matron 298 01 1 Companlei 2OJ8 and wlth the melhod$ and princlples ol Iho Ch•rllle? Ststem•nt of Recornmend•d Prndice •ppllubl• lo choftllas pr•pathg Ihelr i¢Munt$ In •Co7rd•n￿ with the Flnirri¥ RWThJ Stand•rd •pplle•bl• In lh• UK and R•pJbilc JI Ir•land Th•1 Irwr• ts iurthw Infornwion n••d•d ft4r a PW undw•t•rKlkng of Ihè to b•

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD Ind•p•ndent •Mmln•rf• lt•ffl•ftt We havo compl•lod our •x•mIna￿an and hav• nD c￿￿￿M5 In respeLt of th• mottern 11110 (4) Ilsl•d 8bo¥• ani, In connectkin wtth followlng th• Dlr8dlonA ol tho Ch•rfty Comrnlulon lor Ncrthem Irel￿d. we hove found no malt•rn that reqLlr• dm￿ft9 to youraltantfon. A&k L.1. GMCG LISBVRN C•t)tury Hou80 40 Cr•Kenl 8u¥n•s• Pork U$bum 8T28 2GN

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD srATEMEMf OF FINANCIAL ACTNITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 30 SEPTEIABER 2022 Total UnrnAlrktod R••trlctsd fund• funds 2021 2021 Totsl fund# 2022 2022 2022 2021 DOna￿on3 and 81.013 12 81,013 12 Irw8stm•rt1 Olher Inc¢Mne 17AOS 17,805 Tolal Incom• 81.025 1.025 18.719 18.719 Charft•bl• aclivltlej 24,384 1.110 25.494 12.543 13.853 N•t Inc+Jn•llaxpondltur•l for th• y••rl N•tmovem•nl In lundj a6.e41 (1,110) 5S,531 8,178 (1.1101 Fur￿ al 1 Othb 2021 $3,299 18,890 71,989 47,123 19.800 Fund ￿ln¢•9 130 8•ptwnbor 2022 109.9 17,580 127,520 63299 18,890 71.989 Tho •tst•mqnl olfin0￿81 acts¥￿•1 Indudm all and losM• rnrognlwd In th• yow. Jl kncom• and exp•nthlur• d•rfvo fmm c4nlnuirffj octivill•i. Th• monl ol Imnclal aclwlllei c4xnpIkn wmh tha requlr•Thnts lof •n kKomo expendlluro Bcuunt urthr tho Conypnl•sAd 2006.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD STATEMENT OF FINANCIAL posinoN AS AT 30 SEPTEMBER 2022 2022 2021 Flx•d Propwty, ￿an1 •nd •qulpm•nl 115.029 S9,184 Curr•ntUB•ts Trada And otkner rKofv•lY•s al bank In hand 11 3,4W2 10.140 4.027 10.288 13,542 11,051) 14.313 (1.48BI Cury•nt Ilahlllll 12 Nel owrfjnl 12.491 12.825 Totsl l•• Gurr•nt Ilabllltl 127,520 71.989 Re•tdcled lund• Utve8lvkaed fuThls 13 17.580 109.940 18, 53,299 127,S20 71.989 Th• carn￿ny Is •Th￿ded to the ex•mpllon from Ihtt •udll r•qutr•m•ni r￿n￿lned In M(on 477 01 C￿nI¢SA4 2008, for Ihe year ènd•d 30 S¢plfjmb•f 2022. Th• thLlorn their for corylylng llh fv requIrw￿￿ of th• CompJnl•• Ad 2￿e wllh rn•p•ct to rnewd8 and t￿ pr•pgralbn offinar￿al stalthnfjnts Th• rn•mb•rn hav• not r•qulred lh• ccmp•ny to oblaln an audft ollt8 finanthl 8t8tem•ntB for I￿ yeir In quoth In attard•n￿ i•d¢n 478. Thw• finand4 otatsments hav• b8•n prapwed In ac£0￿￿n￿ wllh th• pravknlons AppNrnbl8 to comp•nle• iublgGt lo th• imall cOM￿nI•l r•glm•. Tho ￿ne￿il tsi•m•nl• w•r• •pprov•d by Ih on. ... ........ . , and $6gn•d on thelr b•Po11ty,' Mr D H•attey Tru•t•• Cornpany r•yl•lntlon ntsml>•r N1020802

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 30 SEPTEMBER 2022 ACCO￿tIng wllGleB Charfty Infomwllon B•llast and Cowity Orywn Mk4alLn Rakny SorJety Ltd 18 • pdval• cornparby Imnlted ty guJvllnt•o Incorpornt•d In Northem Ir•land. The rnqistered ofre io Cenlury Houje, 40 Cfescanl 3uBln•gs Park. Ltsbum. 2GN Th• busln88B add￿$¥ IJ 80 UpporGranoh Road. OonWode•, BT21 OLL 1.1 Accoun￿￿9 corw•ntlon T￿ flnendal stthmenfs hav• bwi wepjred Sn •4rordence Iha COMP￿￿8 Momornndwn and Artlckn ol A￿a￿AlIan. th& comp￿leS Act 2CIX ond "Ac%tyjrt¢lt￿ Repor￿n9 by cha￿e0.. Sl•lnenl ol Ruc￿n￿n9nded Prth& appllcte lo c￿rIt￿ wepark¥ thelr acenunts In accordan￿ wtth the Fkngndal R•port#w S￿d91￿ •pplSubl& In th• UK and Repu of Irdand {FRS 1021 I￿1¢&￿8 1 20191". The ¢ornpany h a Pubuc B•nefll Enlity •• d•finod by FRS 102. The wrpany hps lakon thBnleo• of Ihe wovhlons In Ihg SORP for char61t•J •pplsrfN4 FRS 102 Updat• B￿le10n 1 not lo prep& a Stalam•nl ol Cath Flws The fin•ndal $tatemotts ar• Prn￿l￿ li tsllng, whfch Is I￿ knctlcnol lh• o)mw. Mon￿￿ry •mounl• In the# Ilnond•l ffi•tomanl8 •r• rwr#lad lo lh• neqrqsl £. Thv [th￿d￿l siatemant$ ho¥8 bg•n pTrpornd under th• hl•todrA coil r￿n￿nIl￿fi. Tho •C￿unI1ng polkl•# ￿)￿lad •r• Ml b•low. 1.2 aglng co￿•M Al the tlrn• of approvkno th• fimnthl flèternwrtl, Ih Iru8te•A h9v• a re•fjon8bl& •xpectallon Ihal the cornp•ny •d6qu81• re8ouru$ lo conlthuo In oper¥llcmal exISt•n￿ lor lh• for￿tab￿ lulur•. Thus Ihe trurte•s oJntinu• to Adq)l the gokng b061¥ ol aciwrrtmg kn prepa￿￿ the finan&al ithi•mMth. 1.3 ChNrltabl• fvnd• Unreytrlcled aval•b￿ for use at the d￿￿tIOn ol thvj InJth• In thrfh•rArte of Ilwlr ¢wdlabl• obJ•clt¥ei. R•slYiCtod fvnd8 ¥• ¥ubl•d lo ip•dfie eondlooni ty iknnorn •¥ to how th•y rn•y ts• usgd. The Ind 01 th• l￿dI •r• q•1 oul hi thv ru>t•5 to lfi• finon¢l•l il•tern•nl•. 1.4 Ineomlng rn•ourG•• Inccrno l• r•cognl¥•d hth•n the tr)r￿anY lJ1¢gty th￿118￿ to li •ft•r any perfomiance ￿nd￿lord ha￿ b•en mel. tho omthmt8 be m•Mur•d r•llably. and d l¥ pmb•bl• that IrKome vil b• Tecelved. Cash dowlt)n6 arn r•c4ofirMd on rEc4lpt Oth•r donatA￿S ir• r•cogniMd t)n¢• Ihg ￿n￿nY h•• bmn notlfied ol Ihe donouon. unlèA$ pfrrfoTmarK8 conditions r•qth deferrnl ol Iho gmothy, Income lax reMvernbl• In r•lgllvn to donatknB raceived Lmdir Glft Akl or deed¥ ol co¥•n•nt Is Mcognle•d •1 th¥ Ilm? ol the donallon 1.5 RHourf•8 •xpond•d All expenthluro le occourthd lor OTr an a¢xfual¥ basts and has be•n das&fied undw heathngs I1￿ aggr•ga¢e •ll related lo the catégory. ExpeThJrfurn th rt¢0gnli•d where Ihere Is o legal +x consin￿l¥• oblSgaUon to mak• p•yments lo partl•s, pmbable Ilwl the 8•lllemMt ¥AI b• rnqUIr￿ and th0 4mounl ol tho obugallon ean b• mMsur•d r•llably. lrncov•rabkn VAT l• thjrged • an e¥wsg aggirotth? 4Clt¥bty lorwhlch gxpendilw• afOSè.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTO NOTES TO THE FINANCIAL STATEMEpirs {coiiriNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 A¢counllng pollcl•8 {ContIThu￿I 1.6 Propertyi plantnd •qulpm•nt PrDperty. plant oqulpmenl ara InSllally m￿SUred •1 coil and wbwuenlty M￿su￿d al o)ol or v#fuqllon. ofdaprgdatkni and any lrnpAimi•nl tosxes, Oepr•¢lotl)n Is rneognls•d uo as to¥ffst• off th• cost orvthialon of assets leu Ihfjtr r•thlu•l ¥•lw ¢)ver th?Ir ul ¢)n tha fDbl¢yhng b85tr4', Fr•8hDJ l•nd •nd buldkno8 and •q￿pmen1 4% str¥luhl lkn• 4% 8lr&lghl liie Tho krnln or lom ￿lIng on Ihè dlysal of In ass•1 li d￿em￿ne￿ •B dlffer•nc• botMen th• SAI• proc•di and th• c•rrykng valu? ol the #i18t, and l• rn¢4inl•d kn th• •tat•ment ol IbnanrJ814GIfvItI•s 1.7 C•sh •nd e•ih •qthialoTh CAsh And ush owlvaknnt$ kK%ude CAth IA hand. depo￿11 herd al CAII with bank8, othu 8hort48ryn Ilquld Investsn•nts vAth ￿g￿n81 malurflles ol month8 or lais. •nd bank ovarfrHfts. Bgr Ove￿(0￿8 are Sh￿rn wlthln bofttywlngi Sn cwrnnt U•bllllM. 1,8 FlnAnGl•l In•tnvn•nl• Th? ¢omporty h88 el•cl•d lo •pply Iho Pfovl8lon6 01 Seth'on 11 '8881¢ Flnandal InGlnJrMnl#' Jnd S•cllon 12 'Othef FknBn¢S01 IMlwm•nli luu¥' ofFRS 10210 911 of Ils flnendal In8lNments, Flnandal Inslrumonts ara ncoynls•d In Ihe company8 balonLYt shmt whèn th• edom￿nY b•comM wty to Iho o)nlractu•l wovlsons oftho In61Nm•nl. Flnandol ajsets arml ara offset, wlth tho net ArnOLmlJ preJenl•d In the Inond81 •l•tem•nts, wh th•r•18 • •lty •nfwcMbl8 rWI lo q•t off tho rncagnli•d •m￿nts thern Is an Inlenllon to on 4 ba￿5 wlo rnal8• the 08sel arKI J•W• Ih? IKrybllity •SmuItgnoo(￿ry. Bul¢ ffn•n¢l•l •s•l• Bo•k finan¢Sal •810ts. tpthlth Indud? lrndo and otlw r4celv8b1￿ and and bank bglanrA8. •rn Inlllthy m¢o8uT•d al lrnnmdon prk Indudlng lrnn8•cllon eosts and ar• s￿￿u•n￿Y urriod al amortlsed fx)•t uthg lh• •ff•th• Intewil mathod unlooi Iho •rrangernenl ￿nstItuteS B fin8ndng lrnnBJdlon, vthgr• the lrnnudon h nwJ••ured •1 the pr￿0n1 v•hJ• of th• fulur• recelpts dl8o)unt¢d il a MA￿•1 rnl• ol Intar￿( Fln•KLql 8•18 dasolfi•d as rncelvable wllNn one year are not ornorllsed. BMlcfin•nd•lll•blllJ•J B•alc finarKJal 1SAbSThU•J. lrnde end othw payJble• ond bank b)AnB arn Inillaly r•coynh•d transacuon ￿Ge unt•M tho rrnrwJ•rn•nl conilbtul•s a flnonc4ng transadlon, where the debt InslNment m•a8ur•d at Ihe prpwnl v8luo of Ihe lulur• payrnenli dia￿U￿ted •1 a Ma￿•1 rnta or Inlere*. Fknandal Il•bAitltis •• pay•bl• ¥blthln one y•af qr• not IM￿til•d. D•bl aro I￿￿qUen1Y rarri•d al 4mNts•d ()JJL uthg the •ff•cllv• Int•rMI r¥le m8thod. Trade payabl89 we ubllgolloni lo pay for goodi or 8•p4k•i Ihal have been •qulred In th• ordknary courne of op¢rntions from 8uppli•rn Amounls payable we ￿SIfied ￿lT￿nI llthlllies rf pjyment li th• wthln on• yoar or leu If noL thay presenl•d as non.cwrent Ilabllltkn. Trnde Pa￿bIe0 arn iocoqnmed InSllany ¥1 P￿C? arwj 8ubsequqnlly rn•Aaur•d •1 amGrtiMd u•'no th8 •ff•dv• Int•rMI method. D•r•cognldoft ollln•ncl•l IIAbllll FI￿and￿ Ilabllluos ore d•rgcogniaed e4MTrpanlJ5 conkndual obkg•lkng •xplrn ar ar• or cancelled.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY 80CIEfY LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Dan4tloA• l•gacle¥ 2022 2021 Don￿10Th6 and glnj 81,013 17.805 OonllonB ind glfts OoM150rn •Trd glft# Sale ol aew on bad901. Ioiem& cAl•ndors $t¢o1 Member wb8crlNlonB 18,195 210 1,400 428 81.013 17.805 Du1ThJ • cwrenl IlnaMJal y•wlh Model e￿ne4￿, {Nll IMESMI. glftod th• dwrity Ils MI a•wl• at o vahJ• 01 £42.500. the year •nded 30 S•pternber 2021 don81kn8 and gifti rnc¥ed knduded £4,030 dwiion towwds tho purch••• ol naw cont&lnern lar the 81te ot DNrn•wh•y. TheA• d￿11￿¥ from MESNI and M Umtrlct•d Unrn•irlct•d fund• 2022 2021 InItre￿ reth•M• 12 other1￿￿)me Tot•1 Unrnitrlct•d lund8 2022 2021 N•t 98in on dl•pogAI ol rixed auets

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Charflbl• acllvltle• Mlnltsr• Mlnlatur• fall￿AY 2022 2021 D•proclthn and lry>a5mi•nt R•nt S,121 3,870 2.134 1.874 490 L5phl and F il Postsgo 8nd itsthirt8ry Lrth pts I luol Slte and buifdln9 &x￿n$¢I G•rd•nkno and &1• mllinlenanLX AdvarU￿n9 SuNty •xpensQS 94nk chary8s knt•rnsl 210 1,047 4.788 12S 453 1,250 176 277 514 214 187 1.200 831 slock 1.182 26.494 13,853 25,494 13.853 Anly•l• by lund Unreilrtcl•d fund• R88lrfct•d l￿dI 24.384 1.110 12.543 1,110 25,494 13.853 O•KdpUon of eharbtabl• ac￿¥111 Mlnlature The ch*SWÈ only ch•rft•bl• actlvlly li 10 •￿Anc• th• •dueth of th• publlc In lh• hl810ry ond d•voloprnenl 0fTr￿lY IocofflDllon and rnlhyay vehlrJes by prO￿dIng, (x￿51￿￿ng And opernllno a a•von and o quarter Inch gUO9p p•MongpT mlnloiur• rJlN¥ay, thig w￿h rnia•d trBck lor a hBK and f5¥• 5n¢ locomot￿•9 vlth •ndll•ry buildlngl. Tru•t• Non• ol the tru￿01 lor ony perntsns with Iheml (ecthw w remunernilDn or bqnths from lh• rAJmpony durlnq the y•ar. Employ• Tharg no wnploye•4 during lh• perfod. T•xatSon Th• thanty bj exempl from CO￿1￿ thx on 116 dwdlablo 10-

BELFAST AND COUNTY DOWN MINIATURE RAILWAYSQCIEfY LTD NOTE8 TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 10 Prop•rtyi plantand •4ulpmenl Vrnthold PIM¢wd h￿IdIn￿ •rylpoWnt Colt At 1 Octob•r 2tr21 dlions 81,292 25.992 1.921 38.500 144.213 62.492 AI 30 S•plombor 2022 108.284 98.421 21k3.709 D•preclatlon Impalmi•nl At 1 Othr2021 0gpw•dalSon th￿9•d 45.973 3.670 39.078 8S,051 6.82S AI 30 S•plernb•r 2022 49,643 42.033 91,878 C•rrylng amount Al 30 Seplotthr 2022 50,841 $8,388 115.020 AI JO SoptertJ&r2021 36a20 22.a44 $9,184 11 Trnd• and oth•f Th¢•l￿bIl• Arnounts lalllng du• wlth ona y•ar. 2022 1021 Pr•paymentJ orrfl Acrxu•d Incom• 3,402 4n27 ia Currnnt Ilabllll 2022 2021 A￿u918 and d•l•ry•d Incom 1.OSI 13 R••trlci•d fun The Inc(xrn fun¢ls ol th• charily kndLth le￿￿ct•d lund$ comthlno lh& followhig unexponded ol danalJon8 qnd granti hold an truit lor 4J•r4nc puryo801. I Qcthb•r2o2• •xp•nd•d1 Owb•r20ZI O•lanE••t •xp•tyd￿ )0 l•pl•mb•r DRAP. Nl Rurnl DMIO Progrnmm• 19.81x1 (1.110) 18,8BQ 11,1101 17,680 DRAP - Nl Rural Deva&Jwnert Pffjgranwne - To pmld• flTranclhl Support lty th• ImproNYmth of tho itaiion bI￿ldN¥4 and for the prIN1￿0￿ ola lo1￿1 bl¢x* pr•ffl5￿.

BELFAST AND COUNTY DOWN MINJATURE RAILWAY SOCIE￿ LTD NOTES TO THE FINANCIAL STATEMENTS {coiifiNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 14 Analys18 of n•tAu•t• b•lwwi funda Unrn8trlct•d R••trlctad lunda nd¥ 2022 2022 Totsl Unmtrlcted RMtrlct•d fund8 2021 Total 2022 2021 2021 Fund balanceg al 30 SepteTh*>er 2022 tre rwKeson¢ed by.. Prop•ty. plant •nd •qulpm•nl Curr•nl MAS￿(1￿bIl￿•Sj 97.440 12,491 17.080 115,029 12.491 40.474 12.825 18,600 59,104 12.825 109.940 17,580 127,520 51299 18,69D 71,989 16 R•l•t•d party tr•nMGUon• 7h•r• wer• M d￿da￿l￿a rel&•d parly lrnn8arAlon• duthg th• yoor (2021 . nono). 12.