ids.
Company Registration No. N1025202 (Northern Ireland)
chartered accountants
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINEERS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 18G

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
CONTENTS
Page
Legal and administrative information
Trustees, Report report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-11

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S Connell
Mr R Morrison
MrT Flamill
Mr R A McAteer
Dr N Taylor
(Appointed 8 January 2024)
Secretary
MrJKBoyd
Charity number
101185
Company number
N1025202
Reglstered office
74 Ballykelly Road
Tullyhoe
LIMAVADY
Co Londonderry
BT49 9DS
Independent examlner
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1BG

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
The Trustees present their annual report and financial statements for the year ended 31 January 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to IIE accounts
and comply with the Coleraine and DistriGI 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 IFRS 102) (effective 1 January 20151
Objectlves and activities
The principal activily of the company continued lo be that of providing facilities for the construction and operation
of models of railway locomotives of all kinds
The company's objeGtive is to educate the public, from school age to 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 of the steam era.
The aim of the company is to provide the public with an insight into the development of railway travel and
achievements of our fore fathers by the use of working models of the steam era incorporating learniro 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.
Achievements and performance
Easter Monday 1 Oth April 2023 started the year's summer season which promised lo be a normal season with a
further 13No dates set and then the usual 2N0 Santa Specials in December. Open Days during the summer
season all went well with weather influencing enjoyment at limes. The first Santa Special Day was successful bul
the weather, on tho second day which changed drastically in the afternoon closed proceedings and ended the
enjoyment for all. Numbers attending throughout the year were fewer as the trend seems to be, as a result of the
covid times, and a reassessment of charges may have to be carried out for next season. As usual maintenance
items were dealt with throughout the season with track maintenance, replacement of sleepers and track re-
alignment, being the large part and in the closed season due to the exceptionally stormy weather dealing with
fallen branches and taking down over growing trees absorbed the rest of our maintenance time. Members
continue to add additional features to the site for the younger visitor, another 00 gauge layout located in the rear
building, external track layouts and a bubble train especially popular with the younger visitor. The recently
introduced glass of non-alcoholic mulled wine, tea or coffee beside the large fire was greatly enjoyed at Xmas
time especially the second day with the adverse weather. For those who braved the weather on the Santa
Special Days, everyone enjoyed themselves with a train ride and then arriving at Santa's Halt to go on a visit to
the Grotto and receive a present from Santa himself.
We have had two adult and three junior members join the club within this reporting period and on cccasional
open days we have a further four persons willing io help in the shop or on the station platform. One of these
newly joined adult members has purchased and has recommissioned a 7 /4 gauge locomotive with the objective
of operating il on our track giving us an added attraction on our Open Days. Likewise one of the junior members
has recently obtained a small 7 ¼ gauge loco and he will receive instruction and guidance to enable him to
operate and enjoy his loco on our track in the near future.
The problem we had with our bank remained at the start of this year and the decision was made to change to
another bank because we did not seem to be gelling any closer lo the finished state no matter how many
questions and forms were cornpleled. This was achieved successful and all necessary systems set in place
within a short period of lime and all has worked well throughout the remainder of the season.
Financial review
The financial statements show a net defecil of £729 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 Gompany holds.

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
TRUSTEES, REPORT REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JANUARY 2024
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 between three and sx month's
expenditure. The Trustees consider that reserves al this level will ensure that, in the event ol a significant drop in
funding, they will be able to continue the Coleraine and District Society of Model Engineers's current activities
while consideration is given to ways in which additional funds may be raised. This level ol reserves has been
maintained throughout the year.
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 lo 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 R A M¢Ateer
Dr N Taylor
(Resigned 8 January 20241
(Appointed 8 January 20241
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company
and guarantee to conlribule £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 T Hamlll
Dated.. 23 April 2024
Dated.23 April 2.024
(l)

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COLERAINE AND DISTRICT SOCIETY OF MODEL
ENGINEERS LTD
I report on the financial statements of the Coleraine and District Society of Model Engineers for the year ended 31 January
2024, which are set out on pages 510 11.
Respective responslbllltles of Trustees and examin8r
As the charity Iruslees (and also the directors of the company for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to..
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
to follow the procedures laid down in the general Directions given by the Charity Commission under section
65(9}{bl of the Charities A¢l', and
to slate whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and rny examination was carried
out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(b)
of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to slate whether any material matters have come to my attention giving me cause lo believe..
That accounting records were not kept in accordance with section 386 of the Cornpanies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of section 396 of the Companies
Act
2006 and with the methods and principles of the 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
That there is further information needed for a proper understanding of the accounts lo be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters11) to (41 listed above and, in connection
with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to
your attention.
Alison Wallace (FCA)
IDS Chartered Accountants LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Dated.. 23 April 2024

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Donations and legacies
Charitable activities
320
6,426
225
6,850
Total Income
6,746
7,075
Expenditure on:
Charitable activities
7,475
5,666
Total expenditure
7,475
5,666
Net incomellexpenditurel and movement in funds
(7291
1,409
Reconcillatlon of funds:
Fund balances at 1 February 2023
6,214
4,805
Fund balances at 31 January 2024
5,485
6,214
The statement of financial activities includes all gains and105ses recognised in the year. All income and expenditure
derive from continuing activities.

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
BALANCE SHEET
AS AT 31 JANUARY2024
2024
2023
Notes
Current assets
Cash at bank and in hand
5,485
6,214
Net Current assets
5,485
6,214
Net assets excludlng pension IlabllSty
5,485
6,214
The funds of the Coleraine and Dlstrlct Society of Model Englneers
Unrestricted funds
5,485
6,214
5,485
6.214
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 January 2024.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and Ihe preparation of financial statemenls.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial slalements have been prepared in accordance with the provisions applicable to compani8s subjecl
to the small wmpanies regime.
The financial statements were approved by the Trustees on 23 April 2024
Mr R Morrison
Mr T Hamill
Company registration number N1025202 (Northern Ireland)

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUAR Y 2024
Accounting policies
Charity information
Coleraine and District Society of Model Engineers Ltd is a private company limited by guarantee incorporated
in N'orthern Ireland. The registered offi'ce is 74 Ballykelly Road, Tullyhoe, LIMAVADY, Co Londonderry, BT49
9DS.
1.1 Accounting convention
The financial statements have been prepared in accordance with Ihe Coleraine and District Society of Model
Engineers's governlng document, the Companies Act 2006 and "Accounting and Reporting by Charities=
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019) The Coleraine and District Society of Model Engineers 15 a Public Benefit Entity as defined by FRS
102.
The Coleraine and District Society of Model Engineers has taken advantage Df the provisions in the SORP for
charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Coleraine and District
Society of Model Engineers. Monetary amounts in these financial slalemenls are rounded to the nearest £.
The Iinancial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
Coleraine and District Society of Model Engineers has adequate resources to continue in operational
existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of
accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
1.4 Incoming resources
Income is recognised when the Coleraine and District Society of Model Engineers is legally entitled to it after
any perforrnance conditions have been met, the amounts can be measured reliably, and it is probable that
income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Coleraine and District
Society of Model Engineers has been notified of the donation, unless performance conditions require deferral
of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Accounting pollcies
Icontlnuedl
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dir&1 costs and
shared costs, including support costs involved in undertaking eaGh activity. Direct costs attributaNe to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not atlribulable lo a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs ale allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the assel's use.
All expenditur8 is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related lo the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with use of the resources. Premises overheads have been
allocated on a floor area basis and other overheads have been allocated on the basis of the head count.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with bank5. Other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised,
Sasic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction Price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured al the presenl
value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
1.7 Taxatlon
No provision is required for taxation as the company is defined as a charity for taxation purposes.
Crltlcal accounting estlmates and judgements
In the application of the Coleraine and District Society of Model Engineers's accounting policies, the Trustees
are required to make judgements. estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated assumptions are
based on historical experience and olher factors that are considered to be relevant. Actual results may differ
frorn Ihese eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects I￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
charteréd accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and legacies
U nrestricted
funds
2024
Un restrlcted
funds
2023
Donations and gifls
Membership fees
20
300
225
320
225
Income from charitable activities
2024
2023
Open days, exhibitions and sponsorship
6,426
6,850
Expen diture on charitable activities
Total
2024
Total
2023
Dlrect costs
Pui chases
Rent and Rates
Power. light and heat
Repairs and maintenance
Insurance
Bank charges
Miscellaneous
1.279
2.064
363
1.138
1,903
27
41
556
1,056
132
1,358
1,775
86
43
6,815
5,006
Share of support and governance costs {see note 6)
Governance
660
660
7.475
5,666
Analysis by fund
Unrestricted funds
7,475
5,666

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Support costs allocated to activitles
2024
2023
Governance costs
660
660
Analysed between:
Total
660
660
Net movement in funds
2024
2023
The nel movement in funds is stated after chargingl(crediting)'.
Trustees
None of the Trustees (or any persons Connected with them) received any remuneration during the year, but
one trustee was reimbursed a lolal of £192.21 for expenses incurred (2023- 2 trustees were reimbursed
total of £605.57).
Employees
There were no employees during the year.
10 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been Set aside out of unrestricted funds by the trustees foi specific purposes.
At 1 February
2023
Incomlng
resources
Resources At 31 January
expended
2024
General funds
6,214
6.746
{7,475)
5,485
Previous year:
At 1 February
2022
Incoming
resourcos
Resources At 31 January
expended
2023
General funds
4,805
7,075
{5,666)
6,214
10-

COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
11 Related party transactlons
During the year ground rent was paid to a related party (Jan-24 - £2,000).
11