ids. Company Registration No. N1025202 (Northern Ireland) chartered accountants COLERAINEAND DISTRICT SOCIETY OF MODEL ENGINEERS LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE occountants CONTENTS Pag& Legal and 8¢Jminislrali¥e infomiation Trustees, Report report Independent examiner'5 report statement of finandal 8clivi118S Balance sheel Notes lo the financial statements 7-11
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE accountants LEGAL AND ADMINISTRATIVE INFORMATION Tru8te&s Mr S Connell Mr R Morrison Mr T Hamill Dr N Taylor Mr Jeremy Russell (Appointed 22 November 20251 Sacretary MTJKBoyd Charlty numb&r 101185 Company number N1025202 Regl$tered 0ffl¢o 74 Ballykelly Road Tullyhoe LIMAVADY Co Londonderry BT49 90S Independent examlner IDS Chartered Accoulllanls LLP 23125 Queen Slreel COLERAINE Co Londonderry BT52 18G
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE accountants TRUSTEES, REPORT REPORT IINCLUDING DIRECTORS. REPORD FOR THE YEAR ENDED 31 JANUARY2026 The Trustees present their 8nnual report and financial slalemenls foi the year ended 31 January 2026. The accounts have been prepareL1 in accordance wlh the accounting policies sel oul in note 1 to accounts and comply with the Coleraine and District Soclely of Model Engineer5's Memorandum. the Companies Act 20( and 'A¢counling and Reporting by Charib"es." Sialement of Recommended PraclJ'¢e applicable lo chanlies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK aThJ Republic of Ireland IFRS 1021 (effective 1 January 20151. Objectives and actlvltl¢s The principal activity ol the company conlinued lo be that of providing facilities for the conslructlon and operation ol models of railway locomolives of all kinds. The company's obj6¢bve is to educale the public, from school age to adult, In the history and develokynenl ol railway Ictomolion by the use of working model steam rallway locomotives and demonslralion of other englnes and vehicles ol the steam era. The aim of the company is lo provide the public wth an insight into the development of railway travel and achievements of our fore falhers by the use ol working models of the steam era incorporating leamirg with enjoyment and lo provide an envirc>nrnenl within which miniature locomotives can be conslrucled. maintained and operated by the public. Th8 Trustees have paid due regard lo guidance issued by the Charlty Commlssion in deading what actlvilies the Coleraine and Dislrict Swiety of Model Engineern Should undertake. Achlevements and performance A late Easter Monday 2151 April 2025 started the year's summer season as usual. wth a normal season setting l a further 11 No dates set and then the usual 2N0 Santa Speuals in Decernber The surnmer season al went well with weather influencing enjoyment al limes. Sant8 Specials were cold as usua5 but for those who braved the weather, everyone enjoyed themselves with a train nde anLI then arriving al Santa's Halt Io 90 on a visil to the Grotto and Ceive a present from Sanla himself and a drink of non- alcoholic mulled wine for the older visitors. Numbers attending throughout the year were slightly up on other pa81 years. resulling in a successtul year fu the raIaY. The usual school groups and communities, groups visited al the start of the season and all concerned enjoyed their vislt. Another TV group visited us for a day lo make a light entertainment quiz programme about knowing facts about areas and places around the UK. This will feature the railway wlh other allraclions as part ol the quo and is sd)eduled for transmission earfy 2026. We will gel some publicity from this and every little helps. Mainlén8nce items were dealt with throughout the sèason w5th track m8inten8nce, replacement of sleepers an(J Irack re-alignment, being the large part and in the Closed nter months dealing wlh fallen trees and branL*es due lo thg ex¢eplionally slomy weather which seems lo happening more trequenlly every winter. Members continue lo operate 00 gauge layouts located in the ar building. extemal track layouts. the bubble train and with the snow machine al Xmas espeaally popular with the younger visitor. On our Open Days we conkn.nue lo be able to operate 2N0 steam locos with 2N0 diesels being held in standby and lor animal setup and tidy up al the end of each open day. Our adult members continue lo enjoy being involved In the railwèy and operating locomotives on the track. Likewise junior mernber5, those with or wlhout running locos continue lo be instfuded on the operation of the railway and l¢Jcomotives. As a club and operating miniature railway. this year we celebrated 50 year5 since our formation 35 years ol 0rating the raIlaY al Damhead. To celebrate this we held events at the Iraek, inviting pasl ftEmbers and anyone who has helped the club and railway along the way lo mark the occasion. All enjoyed themselves and here's to the next 50 years.
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE accountants TRUSTEES, REPORT REPORT {CONTINUED)IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JANUARY2026 F5nanclal rovlew The financial slalements show a nel surplus of £3.191 in the current year. The primary source ol income for the company is from membership fees. The members of the company pay membership lo allow the Company lo operate and develop. The monies received in membership fees afe used lo pay general operating expenses of Ihe company and are also depended on lo fund the various Open Days which the company holds. It 1$ Ihe policy of the Coleraine and District Society of Model Englneers that unreslricled fvnds which have not been designated for a specific use should be maintained al a level equivalènt lo belwetsn three and gx month's expenditure The Trustees consider that reserve5 al this level will ensuie that, in the event of a sgnificanl drop in funding. they will be able lo continue the Coleraine and Di5trid Society of Model Engineers's current activities while consideration is given to ways in which additsonal funds may be raised. This level ol r8serve5 has been maintained throughout the year. The Trustees have assessed the major risks to Tch the Coleraine and Dislrlcl Society of Model Engineers is exposed, and are 58b'sfied that systems are in place lo miligale exSure lo the major risks. Structure, governanc8 and management The Coleraine and District Society of Model Engineers is a company limited by guafanlee. The Trustees. who are also the direclors for the purpose of company law, and who served during the year and up lo the dale ol slgnalure of the financial slalements were.. Mr S Connell Mr R Morrison Mr T Hamill Mr R A McAleer Dr N Taylor Mr Jeremy Russell {Resigned 22 November 20251 (Appointed 22 November 20251 None of Ihe Trustees has any beneficial interest in the company. All of the Trustees are members ol the company and guarantee lo contribute £1 in the event of a winding up. The Trustees. report was approved by Ihe Board of Tru5tee5 and signed on their behalf by.. MrJKBoyd Mr T Hamlll Dated." 1 June 2026 Daled.1 Jun8 2026
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINEERS LTD I report on the finanual stalemenls of the Coleraine and District Stiuety of Model Engineers for the year ended 31 January 2026, whith are sel out on paggs 5 to 11. RespectSv¥ responslblllti&s of charlty Trustees and examiner As the charity Trustees land 81s0 the directors of the company for the purw)ses ol wmpany 18wI y(yJ arg responsible lor the prepaiatson ol the fjnancial slalemen15 in accordance with the requirements of the Compani95 Act 2006. Having satisfied myself that the finanual statements of the Coleraine and District Society of Mo(knl Engineers afe not required lo be audited undef Part 16 of the Companies Act 2006 and are eligible for independent examination. il is my r8sponsibilily lo.. examine th& financial slalemenls under section 65 of the Charits'es Act (Northern Ireland) 2008; follow the procedures laid down in the general Directions giverb by the CoMmissn under section 65t9llb) ol the Charits'es AGI (Northern Ireland) 2008." and stsle whether particular matters have come lo my attention. Basis of Independent èxaminerfg report I have examined your charlly flnandal statements as required under section 85 of the Charities Act (Northem Iland> 2008 and my examinatson was earried out in accordance with the general Direclions gwen by the Charrty Commission for Northern Ireland un(Jer sectlon 65{9llbl of the Charits8s Act. The examlnallon included a review of the accounting records kept by the ¢harlly and a cornparison of the financial slalemenls presented wllh those records. 110150 included ¢onsideralion of any unusual items or disdosures in thè finanaal stalemenls. and seeking explanations from you as charty trustees concerning any such matters. My role 1$ 10 State whether any material mallers have come lo my allenlion giving me caus& lo be5ieve Ihal.. 1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006.. or 2 The finanoal statements do not accord with those aecounling records., or 3. The finanual slalemenls do not comply with the acwunling requirements of section 396 01 th& Companies Act 2006 and with the rnelhods and principles DI the Charities Stalernenl of Recommencl&d Practice applicable lo charities preparlng their financial stalemenls in accordance with the Finan¢ial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021., or 4. There is further Information needed for a proper understanding of the financial slalements to be reached. Independ9nt examlner's statemgnl I have completed my examination and I have no concerns in respect of Ihe matters11110141 li$led atM)ve and. in connection wilh following the Directions of the Charity Commission for Northem I[end, I have fn no matters thal require drawing lo your attentson. Alison Wallace (FCAI IDS Chartored Accountants LLP 23125 Queen Street COLERAINE Co Londondery BTS2 18G 1 June 2026
COLERAINEAND DISTRICT SOCIETY OF MODEL ENGINE arte accountants STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOMEAND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2026 Unrestricted funds 2026 Unr&strict&d fund$ 2025 Not85 Income from: Donations and legacies Charitable activities Investments 400 10,935 79 405 8,693 Total Income 11,414 9,102 Expendlturfr on: Charitable activitses 8,223 8,49S Total expenditure 8,223 8.495 Net income and movement In funds 3.191 607 Reconclllallon of funds: Fund balances al 1 February 2025 6.092 5.485 Fund balances at 31 January 2026 9,283 6,092 The stslemenl of finanaal acb"vities indudes all 9ain5 and losses recognised in the year. All irthme and expendrture derive from coniinuing aclivilies.
COLERAINEAND DISTRICT SOCIETY OF MODEL ENGINE chartered accountants BALANCE SHEET ASAT31 JANUARY2026 2026 2025 Notes Current assets Cash al bank and in hand 9,283 7,092 Creditors.. amounts falling due within one year 11 11,0001 Net ¢urrgnt assets 9,283 6.092 The funds of the Col&ralne and Dlstri¢t Society of Model Englnefyrs Unieslricled funds 12 9,283 6,092 9,283 6,092 The company is entitled to the exemption from the audit requirement contained in section 477 01 the Companies Act 2Q06. for Ihe year ended 31 January 2026. The directors acknowledge their responsibilities lor complying with the requirements of the Companies Act 2006 with fespecl lo aecounling records and the preparation of financial slalemenl5. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial glalem&nls have been prepared in accordance with Ihe provisions appli¢able lo companies subject lo the small companies regime. The financial slalemenls were approved by the Trustees on 1 June 2028 Mr R Morrison Thnr T Hamill fvry14ai
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Accountlng pollcies Charlty Informatlon Coleraine and District Society of Model Engineers Ltd is a private company limited by guarantee incorpor81ed n Northern Ireland The registered office is 74 8allykelly Road. Tullyho¢. LIMAVADY, Co Londonderry. 8T49 9DS. 1.1 Accountillg conventlon The financial statements have been prepared in accordance with the Coleraine and District Society of Model Engineers's goveming document. Ihe Companies Act 20(E and "Accounting and Reporting by Charities". Stslemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The Coleraine and Dislri¢l Society ol Model Engineers is a Public Benefit Entity as defined by FRS 102. The Coleraine and District Society of Model Engineers has taken advantage of the provisions in the SORP for chadlies applying FRS 102 Update Bulletin 1 not lo prepare a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterling. which is the functional currency of the Coleraine and District Soaely of Model Engineers. Monetary amounts in these financial slatemenls are rounded lo the nearest £, The financial statements have been prepared under the hislorlcal cost fX)nvention. The prindpal acc¥)unling icie5 adopted ate sel out below. 1.2 Golng concern Al the lime of approving the financial slalements, the Trustees have a reasonable 8xpe¢lalion Ihal the Coleraine and Distiict Society of Model Engineers has adequale resources Io CL)nlinue in operational e$tenCe for the foreseeable fvtur9. Thus the Tiuslees conunue to adopl the going con¢orn basis ol attounling in preparing the financial slalemenls, 1.3 Charltable fundg Unreslricled fiJnds are available for use al the dlsuetion of the Trustees in furtherance ol their charitable objedives. 1.4 Incomlng resourcos Income is recognised when the Coleraine and District Society of Model Engineers is legally enlilled to il after any performance Conditions have been mel. the amounts can be measured reliably. and il is probable that income will be recelved. Cash dOnatiS are reo)gniseil on receipt. Other donations ar8 renIsed once thè Coleraine and Distri Society ol Model Engineefs has been notified of the donation, unless performance conditions require deferral of the amount. Income lax rtscoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 A¢¢ountlng policie$ IContlnu•d) 1.5 Resources expended Expenditure is recognised once ther8 IS 8 leg81 or constructive obligallon lo transfèr economic benefit lo a third paty, il is probable that a transfer of economlc beneftls will be required in selllemenl. and Ihe amount ol the 03110n Can be measured relk8bly. Expenditure is classified by activity. The c051s ol each activity are made up ol the lolal of dir1 costs and shared costs. including support costs involved in undertaking each activity. Direct costs 8ttributae to a single activity are allocated directly lo that activity. Shaied costs which contribute to more than one acbwty and support costs which are not attributable lo a single aclivty are apporboned between those activities on a basis nsistent wth the us& of resoLJrce$ Central staff costs are allocated on the basis of lime spent, and d&pre¢iation Charges are allocated on the portion of the asset's use. All expendiluie is accounted for on an acwals basis and has been c488sified under headings that aggregate all costs related to the calegory. INhere costs cannot be directly attributed lo partlcular headings they have been allocated lo a¢tivilies on a basis consislenl with use of the resourees. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis ol the head counL 1.6 Cash at)d cash equlvalents Cash and cash eqLJivalenls include cash in hand, deposi13 held al call with banks, other short-lemi liquid inv8slmenls with original malurilies ol Ihree months or less, and bank overdrafts. Bank ov8rdralts are shown thin borrowngs in current liabilities. Baslc flnanclal assets Basic financial assets, which include debtors and cash 8nd bank balan. are iniljally measured a Itansaction price including transaction costs and ale subsequently carried al amortised cost using the effective inter8St melhod unlèss the arrangement conslilutes a financing transaction, wh8r8 the transaction is measured at the present value ol the lulure receipts discounted al a market rale of interest. Financial assets cla$8ified as receivable wlhin one year are not amortised. Baslc flnanelal Ilablllties Basic financial liabilities, including creditors and bank loans are Initially COgniSed al Iransadion price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value ol the future receipts discounted al a mathel rate of inlere$l. Finandal Ilabilities dasgfied as payable within one year are not amorbsed. 1.7 Taxatlon No provision is required for taxali¢)n as the company 13 defined as a charity for laxakn.on purposes. Crttlcal accountlng gStlmat&s and judgoments In the application of the Coleraine and District Sw"ety ol Model Engineers's accounting policies, the Trustees are required lo make judgements, estirnales and assumptions aboLrt the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The eslimales and associated a55umplions are based on hislori¢al experience and other factors that are considered lo be relevant. Actual results may differ from Ihese esb'males. The eslirnales and underlying assumptions are reviewed on 8n ongoing basis. Revisions lo accounting es1im8les are recognised in the period in which the eglimale Is revised where the revision affects cnly that period, or the period of the revision and future perlods where the revision affects both current and ILrture peiiod$.
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE artere accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JANUARY2026 Incomg from donatlons and legacSe$ Unrestrictèd funds 2026 Unrestricted funds 202S Donations and gifts Membership fees 60 345 400 400 405 Income from charltsble acllvltles 2026 2025 Open days, extrbitIonS aTrY sponsorship 10.935 8,693 Income from Investments Unrestricted Unrestrlcted funds funds 2026 2025 Inlerest receivat4e 79
COLERAINEAND DISTRICT SOCIETY OF MODEL ENGINE artere accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JANUARY 2026 Expendlture on charltsble acllvltl&s Total 2026 Total 2025 Direct costs Purchases Rent and Rates Power, light and heal Repairs and mainlenanco Insurance Bank Charg¢$ Miscellanous 2.986 1.073 353 731 2,120 48 192 789 1,067 1,193 2,690 2,019 45 32 7,503 7.835 Share of support and govemancfy co$ts1$ge note 81 Govemance 720 660 8,223 8,495 Analysls by fund Unrestricted funds 8.223 8.495 Nel movement In funds 2026 2026 The nel movem8nl in funds is 8laled after ¢hargingllcredilingl". Fees payab for the indepgndenl examinalion of the charity'$ financlal statements 720 660 Support costs allocated to actlvlues 2026 2025 Accountancy 720 660 Total 720 660 Trust99$ None ol the Trustees lor any person8 connected wilh them) ceived any remuneration dunng the yeai. 10 Employees There were no employees during the year. 10
COLERAINE AND DISTRICT SOCIETY OF MODEL ENGINE occountants NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 11 Cr•dltors.' amounts falllng due wlthln one year 2026 202S A¢¢ruals and deferred inmme 1,000 12 Unrestricted funds The unrestricted lunds of the charity comprise Ihe un8xpended balan$ of donabons and grants which are nol subjecl lo specific conditions by donors and grantors as lo how they may be used These include designated funds which have been sel aside out ol unreslricled funds by the trustees lor specific purposes. At 1 February 2026 Incoming resources Rtrsour¢es At 31 January expended 2028 General fund$ 6.092 11,414 {8,2231 9,283 Pr¥vlous year: At 1 February 2024 Incomlng resources Resources At 31 January expended 2025 General funds 5,485 9,102 18,4951 6,092