Charity registration number NIC100683 (Northem Ireland)
Company registration number N1025802
BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr D Heattey
Mr B Jorkes
Mr J Thompson
Mr K Vemon
MrA Kempston
Mr J Mathews
Mr C McDonald
Mr K Wc¥Jd
Mr G Fleming
(Appointed 17 March 2024)
Secretary
Mr D Healley
Charity number (Northem Ireland)
NIC10Cfj83
Company number
N1025802
Principal address
60 Upper Gransha Road
Donaghadee
BT21 OLZ
Registered office
Century House
40 cre￿nt Business Park
Lisbum
BT28 2GN
Independent examiner
GMCG LISBURN
Century House
40 Crescent Business Pa
5bum
BT28 2GN
8anker5
Danske Bank
77 Main Street
Bangor
Co. D¢)wn
BT20 SAP

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
CONTENTS
Page
Trustees, report
Independent examin*s report
ststement of ffinancial activities
Statement of finanaal posrtion
Notes to the finanoal statements
7-13

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The financial statements have been prepared tn aC￿rdance wtth the acrnunting polic4es set out in note 1 to the
financaal statements and comply with the COMpan￿S Memorandum and A¥tide5 of Associ*ion, the Companies
Act 2006 and 'Accourning and Reporting by Charitres: Statement of Recommended Practi￿ applicable to
charities preparing their accounts in accordance with the Financaal Reporting Standard appIl￿ble in the UK and
Republic of Ireland (FRS 102) (effedive 1 January 2019)".
Objectives and activities
The societys objeclives are to advan￿ the educat.on of the public in the history and development of railway
locomotives and railway vehicles by providing. constructing and operating a seven and a quarter inch gauge
passenger carying miniature rai￿aY with ancillary buildings.
The trustees have paid due ward to guidan￿ issued by the Charity Commission in deading what a¢Xivities the
company should undertake.
Achievements and perfomiance
The ra1￿Y operated during the running season and was very busy on nw)st running days. providing an
enjoyable leaming experien￿ for visf(ors and members.
rk with the landlord regarding a new lease has been delayed while the Estste of the late Mr John Francis
gces through probate.
The critical mass of workers active on the stte is relatrvely ￿)nStsnt but there are barety enough actNe members
to laC￿e the amount of work to be done.
The raised track for three and a half and fve inth locomotives is marginalty longer than the original track brought
from Cultra. It needs regular Maintenan￿ to keep tt in good operab.ng order. The ground level tradt is continuing
to undergo a programme of sleeper replacement which will tske a few years to complete.
The charity continued to prowde a minialure railway with steam. diesel and elecaric locomotives. ra1￿Y vehides,
an infrastrudure replicating the rai￿aY environment of a bygone era and preserved our industrial heiitage by
maintaining traditional engineering skills and passing these on to a new generation.
Families and members experienced tO￿ther things from the past. leaming locomots.ves work, are
maintained and built as well as the irnp0rtan￿ of the ralways in the expartsion of the induslrial revolution and
our industrial heritage.
A wntinuing programme of in-house maintenance and improvement of the running stoth has been undertaken
and training provided to members interested in this projecL
Parents. children, grandparents, grandchildren and other famity and sooal groups have interacted together and
with our'experts. as they discussed the past and the changes seen over the generations.
Our members demonstrated how things wor1( and how things a￿ done. These interactions helped build famli y
bonds and ¢reate lifelong memories as well as teaching the engineering and Saen￿ of the raihyays and
engineering in Northem IreIand.
2024 saw mud) work achieved at Drumavthey by a dedi(xted team of members. Those attendin9 less regukrly
see big thanges at eath visit
Following an accident on site on the 1 December 2024 the Tntstees are reviewing and updaling the health and
safety proc£dures in place. The charrty is also in the process of instslling a new signalling system. There is
currently an ongoing daim following this acudent and the tharit￿$ insurers are handling this on behalf of the
d)arity.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Financial review
The results for the year are set out in detail on pages PageStsrt.5 to LastNotePage. The company retumed net
incoming resources for the year of £1,142 12023 - £5.778 net outgoing resour￿5), leaving unrestricted fvnds of
£107.524 (2023- £1Q5,272) and restri(Xed fvnds of £15.360 {2023- £16.470).
un￿strIded fvnds are needed:
a) to provide fijnds which can be designated to projerts to enable these projects to be undertaken at
short noti￿". and.
b) to cover administralion, fvnd-raising and support costs without whith the charity could not function.
The dirertots consider rt prudent that unrestricaed reserves should be sufficient to ensure that, in the event of a
significant drop in funding, they wll be able to continue the chartvs c3j￿ent activiti.es while consideratton is given
to ways in which additional lund$ may be raised.
The trustees have assessed the major risks to which the company is exposed and are satisfied that systems are
in Pla￿ to mitigate exposure to the major risks.
Structure. governance and management
The company is governed ty r($ Memorandum and Artides ofAsso¢Iati￿. The company is not-lor-profit and is
limited by guarantee. the liabilty of its members being limtted to £1.
The trustees, who are also the directors for the purp)se of company law. and who served during the year were..
Mr D Heatley
Mr B Jones
Mr J Thompson
Mr K Vemon
Mr A Kempston
Mr H Hamilton
Mr J Mathews
Mr C McDonald
Mr K Wood
Mr G Fleming
(Resigned 16 Marth 2024)
(Appointed 17 Mardj 2024)
One third of the Directors must retire at eath AGM. those longest in office retiring first and the choice betsveen
any of equal service being made by drwng lots.
This report has been prepared in a¢xordance wth the pr¢Jvision ap￿Icable to companies entitted to the small
companies exemption.
The trustees. report Was approved by the Board of Trustees.
Mr B Jones
Trustee

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
We report on the financial ststements of the C￿1panY for the year ended 30 September 2024, whith are set
out on pages 5 to 13.
Respective responsibilities of trustees and examiner
As the charity directors you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Companies Act 2c￿.
Having satisfied ourse]ves that the charity is not subject to atwjrt
under ￿MpanY law. and is eligible for independent examination. r( is our responsibilty to:
examirE the accounts under section 65 ofthe Charibes Act (Northem Ireland) 2W8"
follow the prO￿dureS laid down in the general Diredions given by the Charity Commission for Northem
Ireland under sedion 65(9)(bl of the Charrties ACL and
state whether particular matters have o)me to our attenlion.
Basis of independent examine￿3 report
We have examined your tharity accounts as required under secth)n 65 of the Chafriies Ad and our
examination was carried out in accordance with the general Directions given by the Charsty Commission for
Northern Ireland under section 65(9llb) of the Charities ACL The examination induded a review of the
accounting records kept by the charity and a comparison of the accounts preSent￿j with those records. It atso
includes consideration of any unusual r(ems or disdosures in the amnts, and seeking explanatFons from you
as ¢harity trustees ￿nCernIng any suth matters.
Our role is to state whether any material matters have come to our attention gNing us ￿use to believe:
That accounb.ng records were not kept in accordan￿ wtth seclion 386 of the Companies Act 20t
That the accounts do not accord with those accounling records
That the a￿OUnts do not comply with the accounting requirements of section 396 of the
Companies Act 20C6 and with the methots and prirriples of the Charibes Ststement of
Recommended Practi￿ applicable to tharibes preparing their accounts in aC0)rdan￿ with the
Financial Rewting Standard applicable in the UK and Republic of Ireland
That there is fvrther infrrnation needed for a proFer understsrffling of the ac￿untS to be
reached.

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
Independent examinefs statement
We have completed our examination and have no thncems in respect of the matters (1> to {4) listed above
and. in connection with following the Directions of the Charity Commission for Northem Ireland. we have found
no matters that require drawing to your attention.
GMCG LISBURN
Century House
40 cres￿nI Business Park
Lisbum
BT28 2GN
Dated..

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
STATEMENT OF FINANCIALACTMTIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
InGorne from:
Donations and legacies
Investments
24.809
14
24.809
14
21,282
10
21.282
10
Total income
24,823
24,823
21.292
21,292
Expenditure on:
Charitable aCtiv￿e$
22.571
1.110
23,681
25.￿0
1.110
27,070
Totsl expenditure
22,571
1.110
23,681
25.960
1,110
27,070
Net incomel(expenditure) and
movement in funds
2.252
{1.110)
1.142
(4.668}
(1,110)
(5,778)
Reconcilialion of funds:
Fund balan￿8 at 1 Oraober
2023
105.272
16,470
121.742
109.940
17,580
127.520
Fund balances at 30
September 2024
107,524
15.360
122.884
105.272
16.470
121,742
The statement of finan(ial acttvities indudes all gwns and losses recogni%ed in the year. ￿1 in1￿Me and expenditure
derive from continuing activiti'es.
The ststement of financial activrties also compr￿S with the requirements for an in¢ome and expenditure account
under the Companies A¢X 2¢)J6.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024
2024
2023
Fixed assets
Property, plant and equipmenl
100.797
107.670
Current assets
Trade and other receivables
Cash at bank and in hand
10
3,569
11,583
19.789
Current liabilities
23.197
(1.110)
15.152
(1,080)
11
Net cUr￿nt assets
22.087
14.072
Total assets less current liabilities
122,884
121,742
Income funds
Restrirted funds
Unrestricte
funds
Designated fvnds
General unrestricted funds
12
15.360
16,470
13
4.320
103,204
105.272
107.524
105,272
122,884
121,742
The company is entttied to the exemption from the audtt requirement I￿nts1ned in section 477 of the Companies Acl
2CQ6, for the year ended 30 September 2024.
The directors ad(nowledge their resF)onsibilrf(ies for complytng with the requirements of the Companies Ai# 2C(6
with respect to accounting records and the preparation of finarrial ststements.
The members have not required the company to obtsin an audit of its finanaal ststements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordan￿ with the provisions applicable to ￿MpanieS subje
to the small companies regime.
The financaal statements were approved by the Trustees on .
and signed on their L￿haff by.
Mr D Heatley
Trustee
Mr B Jones
Compary ￿gistration number N1025802

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policles
Charity inforn)ation
Belfast and County Down Miniature Rai￿aY Society Ltd is 8 private ￿MpanY limited by guarantee
ineorporated in Northern Ireland. The registered Offi￿ is Century House. 40 CreS￿nt Business ParK Lisbum,
BT28 2GN. The business address is 60 Upper Gransha Road. Donaghadee, BT21 OL
1.1 Accountlng convention
The finanoal ststements have been prepared in acojrdano wtth the Companys Memorandum and Athdes of
Association,
the Companies Act 2006 and "A(xounb"ng and Reporting by Charities.. Statement of
Recommended PraCat￿ appltcable to charities p￿Paring their accounts in accordan￿ with the Financial
Reporttng Stsndard aprAicable in the UK and Republic of Ireland {FRS 102) (effec*ive 1 January 2019)" The
company is a Public Benefft Entity as defined by FRS 102.
The ￿rnpanY has taken advantage of the promgons in the SORP for tharrbes apptying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flthvs.
The financial statements are prepared in sterling, whith is the funrtional currency of the company. Monetary
amounts in these finanual statements are rounded to the nearest £.
The finanaal statements have t*en prepared under the historical cost convention. The principal accounting
poli¢ies adopted are set out belo4V.
1.2 Going ¢oncern
At the time of approving the financial stalements, the trustees have a reasonable expectation that the
company has adequate ￿SOurceS to o)ntinue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the going concem basis ol ae¢ounting in p￿parIng the financ4al statements.
1.3 Charitsble funds
Unrestricted ftjnds are available for use at the disuetion of the trustees in fvrtheran￿ of their tharitable
objectives.
Restricted fijnds are subject to specific condttions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the finanaal statements.
1A Incoming resources
Income is recognised when the o)mpany is legalty entiued to tt after any Performan￿ conditions have been
mec the amounts can be measured ￿lÈabty. and it is probable that income wll be receTved.
Cash donations are reccgnised on reC￿pt. Other donatrons are ￿cogniSed once the company has been
nobfied of the donation, unless perforynance condrtions require deferral of the amount. Income tsx
recoverable in relation to donations received under Gfft or deeds of o)venant is re￿gnised at the time of
the donation.
1.5 Resources expended
l expendttufe is accounted for on an a¢xruals basis and has been dasstfied under headings that aggregate
all costs related to the category. Expendtture is reco9ntsed where there is a legal or constructive obligation to
make payments to third parties. rt is probable that the settlement will be required and the amount of the
obligation can be measured rdiably.
Irrecoverable VAT is tharged as an expense aganst the a¢Xivty for which expenditure arose.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEmE￿rs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies (Continued)
1.6 Property. plant and equipment
Property. plant and equipment are initially measured at cost and subsequently measured at cost or valuation.
net of depreciats.on and any impaimient losses.
Depreciation is ￿CC￿nised so as to write off the cost or fdluation of assets less their residual values over their
useful lives on the followng bases:
Freehold land and buildings
Plant and equipment
4% straight line
4Qh straight line
The gain or ioss arisin9 on the disposal of an asset is detemiined as the differen￿ belween the sale
pro￿ed$ and Ihe carrying value of the asseL and ts rec))gnised in the st*ment of finanoal aclivtties.
1.7 Cash and cash equivalents
Cash and cash equivalents indude cash in hand. deposrts held at tsll wtth banks, other short-temi tiquid
investments with original rnaturitses of three months or less, and bank overdrafts. Bank overdrafts are sh¢Jwn
within borrowings in t)Jrrent liabilities.
1.8 Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Finanual Instruments. and Section 12
'Other Financial Instnjments Issues, of FRS 102 to all of ts finanryal instruments.
Finantial instruments are re(x)gnised in the companys balan￿ sheet when the Company be¢omes paty to
the contractual provisims of the instrument.
Finanaai assels and Irabilities are offsec with the nel amounts presented in the financial statements, when
there is a legally enforceable right to set off ihe recognised amounts and there 1$ an intention to setue on a
net basis or to realise the asset and settle the lÈabilty simultaneously.
Basic financial assets
Basic finanual assets. whith indude trade and other receivables and cash and bank baLOn￿S. are initially
measured at transaction price induding transa¢lion costs and are subsequenty carrted at amortised cost
using the effective interest method unless the arrangement constrtutes a finanang transaction, where the
transaction is measured at the present value of the fvrture receipts discounted at a market rate of interest.
Financial 8S5ets classtfied as r￿Nable within one year are not amortised.
Basie financial liabilities
Basic finanaal liabilrties, indLKling trade and other payables and bank loans are initially recognised at
transadion pri￿ unless the arrangement constiiutes a finanang transaction. where the debt instrument is
measured at the present value of the fijture payments disc£*unted at a mthet rate of interest. Finana
liabilities classified as F49yable within one year are not amortised.
Debt instruments are sUbseqUen￿Y carried at amortised o)st. using the effective interest rate method.
Trade payables are obligations to pay for g¢)ods or swices that have teen acquired in the ordinary ¢Xsurse of
operations from suppliers. Amounts payable are dassrfied as oJrrent liabilities rf payment is due within one
year or less. If not. they are presented as nOn￿rrent liabiltbes. Trade payables are recognised initialty at
transathon pri￿ and subs4uenUy ￿￿SU￿d at amortised cost using the effective interest method.
Derecognition of finan￿.81 liabilities
Financial liabilities are derecognised when the companvs contradual obligations expire or are discharged or
cancelled.

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Donations and legacies
2024
2023
Donations and gifts
24.809
21,282
Donations and gifts
Donations and gifts
Member subscriptlons
21,376
3,433
18,305
2,977
24.809
21.282
Income from investrnents
Unrestricted Unrestricted
lunds
funds
2024
2023
Intsrest receivable
14
10

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Charitable activities
Miniature
raiiway
2024
Miniature
railway
2023
Depreciation and Impalm￿nt
Rent
Insurance
Light and heat
Postage and stationery
Loco parts I fuel
Site and building expenses
Gardenin9 and site maintenance
Advertising
Sundry expenses
Bank charges and interest
Accountancy
Shop expenses
6.873
1,750
4,060
1,257
417
1.$49
4,267
7,358
1,749
4,054
1,488
553
7.170
642
470
197
1.2IXI
654
615
640
199
1,110
586
23.681
27,070
23.681
27,070
Analysis by fund
Unrestrtcted funds
Restricted funds
22,571
1,110
25,960
1,110
23.681
27.070
Description of charitable a¢ttvities
The charitys only chantable activty is to advan￿ the educats.on of the putAic in the history and development
of raiWy locomotion and railway vehides by providing, construtxing and operating a seven and a quarter inch
guage passenger carrying miniature rai￿ay. along with raised track for three and a hatf and five inch
locomotives with analiary buildings.
None of the trustses (or any persons connected with them) received any remuneration or benefits from the
company during the year.
Employees
There were no employees during the period.
Taxation
The tharity is exempt from corporation tsx on ivs djaritable activiti'es.
10-

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEmE￿rs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Property> plant and equipment
Freehold land
and buildings
Plant and
tquipment
Totsi
At 1 October 2023
108,283
98,421
2C6.704
At 30 September 2024
108.283
98,421
2[￿,704
Depreciation and impaiment
A11 October 2023
Depreaation charged in the year
53,656
3,554
45,378
3,319
99,034
6.873
At 30 September 2024
57.210
48.697
105.907
Carrying amount
At 30 Septemkr 2024
51,073
49.724
100,797
At 30 September 2023
54,627
53,Cfy43
107.670
10 T￿de and other receivables
Amounts falling due within one year.
2024
2023
prepa￿entS and ac¢yued income
3.569
11 Current liabilities
2024
2023
Acuuals and defwred income
1.110
1.080
12 Restricted funds
The restricted funds of the tharity cJ)mpiise the unexpended balan￿S of donations and grants held on trust
subject to spectfic conditsons by do￿rS as lo how they may be used.
At 1 O¢tober
2023
Resources
At30
expended September
2024
DRAP- Nl Rural Development Programme
16,470
11.110)
15.360
11

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12 Restricted funds (Conttnued)
Previous year:
At 1 October Resources
At30
2022
expended September
2023
DRAP- Nl Rur￿ Development Programme
17,580
(1.110)
16,470
DRAP - Nl Rural Development Programme - To provide financial support for the improvement of the st*ion
building and for the proM￿On of a toilet blcck on the premises.
13 Unrestricted funds
The unTrstricted funds ofthe charity comprise the unexpended balances of donati¢)ns and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These indude
designated funds w￿Ch have been set aside out of unrestricted furjds by the trustees for specific purposes.
At 1 October
Incoming
2023 resources
Resources
expended
Transfers
At30
September
2024
Soliiitor costs
General fvnds
4.320
(4,320)
105.272
4.320
103,204
24.823
(22,571)
105.272
24,823
(22.571)
107,524
Previous year.
At 1 October
Incoming
Resour¢es
2022 resources expended
Transfers
At30
September
2023
General funds
109.940
21.292
(25.960)
105,272
The Board agreed to designate £4,320 in the year towards solicitor costs that may be assoriated wtth the
ongoing legal daim regarding the accident on site on 1 De￿rnber 2024.
14 Analysis of net assets bet*Een funds
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
At 30 September 2024-
Propety, plant and equipment
Cufrent assetsl{liabiI￿esj
85.437
22,087
15,360
100.797
22,087
107.524
15.360
122,884
12

BELFAST AND COUNTY DOWN MINIATURE RAILWAY SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
14 Anatysis of net assets betwn funds (Continued)
Unrestri¢ted Restricted
funds
fvnds
2023
2023
Total
2023
At 30 September 2023:
Propety, plant and equipment
Current assetsl{liabilities)
91.2C(I
14,072
16.470
107.670
14,072
105.272
16.470
121,742
15 Related party transactions
There were no disclosable ￿tated party transactions during the year (2023 - none).
13-