COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE
chartered accountants
TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JANUARY 2024
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 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 IFRS 1021 (effective 1 January 20151"
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 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 locomatives and demonstration of other engines
and vehicles of the steam era.
The aim of the company is to provide Ihe 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 learniru 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 to be a normal season with a
further 13No dates sel 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 but
the weather, on the 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 lo be carried out for next season. As usual maintenance
items were dealt with throughout the season with track maintenance, replacement of SI￿perS and track re-
alignment, being the large part and in the closed season due to the exceptionally stormy weather dealing with
fallen branche5 and taking down ovèr growing trees absorbed the rest of our maintenance time. Membe
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 Ihernselves 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 to help in the shop or on the slalion 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 1/. 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 al the start of this year and the decision was made to change to
another bank because we did not seem to be getting any closer to the finished state nD matter how many
questions and form5 were completed. 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 defecit 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 lo fund the various Open Days which
the company 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 gx 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 and District Society of Model Engineers's current activities
while consideiation is given to ways in which additional funds may be raised. This level of reserves has been
maintained throughout the year.
The Trustees have assessed the major risks lo 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 dLring the year and up
lo the date of signature of the financial statements were-
Mr S Connell
Mr R Morrtson
Mr S Wade
MrT Hamill
Mr R A McAteer
Dr N Taylor
{Resigned 8 January 2024)
(Appointed 8 January 2024)
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the 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 T Hamill
Dated. 23 April 2024
Dated-.23 April 4024