COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINEE
chartered accountants
TRUSTEES, REPORT REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JANUARY2023
The Trustees present their annual report and financial statements for the yèar ended 31 January 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the Coleraine and District Society of Model Engineers's Memorandum, the Companies Act 2006
and "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) (effective 1 January 2015)"
Objectives and activities
The principal activity of the company continued to be that of providing facilities for the construction and operation
of models of railway locomotives of all kinds.
The company's objective is lo educate the public, from school age lo adult, in the history and development of
railway locomotion by the use of working model steam railway locomotives and demonstration of other engines
and vehicles ofthe steam era.
The aim of the company is to provide the public with an insight inlo the development of railway travel and
achievements of our fore fathers by the use of working models of the steam era incorporating learnirYJ with
enjoyment and to provide an environment within which miniature locomotives can be constructed, maintained
and operated by the public.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Coleraine and District Society of Model Engineers should undertake.
Achlevements and performance
Easter Monday 18th April 2022 started our year which promised to be a normal season with the COVID 19
restrictions being greatly eased after being badly affected by previous years closure and limited operations. We
planned 13No Open Days during the summer season and two Santa Special days in December which all went
according to plan, perhaps with fewer numbers of visitors which we were grateful for. The usual maintenance
items were dealt with, 900/0 of the fencing being washed and recoated with preservative, trees and branches
dealt with when stormy weather affected the area, sections of track that had been troublesome were successful
realigned, coaches and rolling stock were inspected for safety, re-sleeper the section of track through the station
and we managed to install a new section of track forming part of the vehicular crossing just before the Santa
Special Days. A new m8mb8r has introduced additional fealures, which have been much appreciated, for our
passengers as they travel around the track. Santa Special Days were a success and everyone that atl￿ded had
an enjoyable time on the train and then arrived at Santa's Halt to go on a visit to the Grotto and receive a present
from Santa himself. A special treat this year was a glass of hot mulled wine, non-alcoholic, provided by one of our
member's wife which was much appreciated by all and will definitely be repeated.
One item that was a constant hindrance throughoul this season was the Inability of our bank to Ghange the
names of our signee's for bankinglpurchasing, negating our use of cheques and banking card to purGhase
n8￿sSary items and pay bills etc. Cash had to be kept in hand and personal cheques used with re-imbursement
to get bills paid. This request was placed early last year and despite filling in forms and reapplying as of the date
of this report still has not been sorted out. We can only hope that things get sorted out shortly in this financial
year.
Flnancial review
The financial statements show a net surplus of £1,409 in the current year.
The primary source of income for the company is from membership fees. The members of the company pay
membership to allow the company to operate and develop. The monies received in membership fees are used to
pay general operating expenses of the company and are also depended on to fund the various Open Days which
the company holds.
It is the policy of the Coleraine and District Society of Model Engineers that unrestricted funds which have not
been designated for a specific use should be maintained at a level equivalent to bebNeen three and sx month's
expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in
funding, they will be able to continue the Coleraine 2nd District Society of Model Engineers's current activities
while consideration is given to ways in which additional funds may be raised. This level of reseNes has been
maintained throughout the year.

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINEEids
chartered accountants
TRUSTEES, REPORT REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2023
The Trustees have assessed the major risks to which the Coleraine and District Society of Model Engineers is
exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Coleraine and District Society of Model Engineers is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were..
Mr S Connell
Mr R Morrison
Mr S Wade
Mr T Hamill
Mr RA McAteer
(Appointed 10 January 2023)
None of the Trustees has any beneficial interest in the Gompany. All of the Trusteès are members ofthe company
and guarantee to contribute £1 in the event of a winding up.
The Trustees, report was approved by the Board of Trustees and signed on their behalf by..
MrJKBoyd
Mr S Wade
Dated.. 27 July 2023
Dated.'27 July 2
23