COMPANY REGISTRATION NUMBER: 06519565 CHARITY REGISTRATION NUMBER: 1128024 & SC045897 . The Railway Mission Company Limited by Guarantee Unaudited Financial Statements 31 March 2021 "AAKEUKGB* 3011W2021 COMPANIES HOUSE WYATT & CO A13 54 Chartered Accountants 125 Main Street Garforth Lee(ts LS25 IAF
The Rai]way Mission ' Compgny LIned.Y,Gll2rDtee Financial Statements Year Ended 31 Martb 2021 Page Tnte¢s, Amiual Rert ([ncorEIJllg the Directirfs Report) Auditoes Report to the Tntee$ Ststement of Financial Activities (tncluding Income and Expenditure Account) 12 .Ststem¢nt of Financial PositiOD 13 Statement of C&sh Flows 14 Notes to th¢ Financial Statements Is The Following Pgges Po Not Fom Part of tke Fla¢181 Statements D¢tail¢d Statement of Financial A£tivities 29
The Railway Mission Company Limited by Guarantee Trustees, Annual Report Oncorporating the Dlreetor's Report) Year Ended 31 March 2021 The truslees, who are also the directors for the purrMM of company law. pThnt their r¢port and the unaudited financial StatenIS of the charity for the year ended 31 M¥rch 2021. Reference #nd AthnRlliStrntive Detlls RegIered ¢harfty The Railway Mission Charlty registration number 1128024 & SC045897 Company reglstration number 06519565 Registered oifice 125 Main Street Garforth LS25 IAF Printipal Office Rugby Station Stsiion Approach Rugby CV213LA Execuilve Dlreclor Rev. L JohDsknI The Trustees BSPBrown K Rose J M Ja¢gar A J Newman Rev. R J Porter. S J Ha¢$ CJJSmith R M We5tcott T J Hanham I S F¢rgusoD (Chairnn) (Appointed 30 June 2020) (App)int¢d 20 April 2020) Compaoy Secretsry CJJSmith AudltOT Naylor Wintcrsgill Limited Carlton House Grammar Schl1 Street Brddford BDI 4NS Bankers TthSknknknk plc 370 HaTrogate Road L¢eth. LS17 6QA Barclays Bank plc Leicester LE87 2BB
The Railway Mission Company Limited by Guarantee Trustees, Annual Report (Incorpor.atiDg the Director's Report) . Year Ended 31 Marcb 2021 Structur4 Govenhance nd MgDagtment Governing Do¢ument The orgdnisation is an incorixrted ¢harity wbich was registered as a cotDpany INO 06519565) OD 29th February 2iJJ8 and as an incoryorated charity (No 1128024} on 12 February 2(K19. The charity was originally s¢t up in 1881. It is opernted under the tern of Memordndurn and Article5.of Association dat¢d Febrnary 2008. last updated in November 2019. Railway Mission is registered as a cross•border cbarity in S¢otland. registered number SC045897. ' Re¢TDitment Appolmtment of Trustees" The Memorandum and Articles of Association (Articles 25 and 29) requires not less than 3 Tntstses and requirts one-third of Trnst$ to r¢tir¢ from office at each AG wb¢re tIKy may seek r¢-appointment. In line with the NCVO code a niDe-year cap on the terni is now being intr(thced progressively. y Portcr" and C Jon Smith are thje to retire by mtation. Both being eligible. offer th¢ms¢lves for r¢- election. The 2020 AGM recorded why K Rose and B Brown w¢te wytiauing as TnteeS IKyond 9 years seTvi¢e and that th¢ 2021 AGM would revivwtheircontinuing 5ervic¢. B Brown has b¢en r¢viewed in accordance with the agreed criteria and will continue in p)sL being subject to review again next year. K Rose is to retire as Chair and tystee at the 2021 AGM. No other trustee exceeds the Di.Year guid¢. In light of K Rose's retiTemenL a chair d¢sigii was recruited in early 2021. There were no internal candidates. and external advertising and a seledion proc5 wa5 Carri out by RW. JS and RP. Tbis resulted in the sel¢ction of Alex VolosSevic UnanIS1Y approved at the March 2021 Board. Subject lo formal approval, h¢ wiil"b¢ appointed as trustee and chair at the AGM. The Tnjstee Handknk gives a clear job description and rmpetenc matrix for the role of trSt¢¢. Governan¢e nd Risk Mxo•gemefjt Railway Mission has a Governance Policy and a manwni sysm in place with the four Board committees (see Or8anisation below) delegated to review risks and polici¢s within their area. Changes aTe then brought to the Board for approval. th¢ Board r¢tsiniDg final resp)fLSibility for risk The Board regularly monitors indicators of clwige to these risks. The Board has approved new and upjated policies and prwcdUr covering a wide rdnge of personnel, data and other issues. The normal Teview of the Stsategic Plan and Busirw Pian has been tM)styoned due to th¢ difficulties of doing this without a physical meeting Organisational Structure The TTUStees of Railway Mi551011 meet at le•st 5 times.a ye8r and or¢ restM)nsibl¢ for th¢ strategic dIrtiOn and l1¢Y of the clwity. At the end of 20121 there were ten trustees. Executive Director also attends the TteeS Board but does not have any voting rights.
The Railway Mission.. Company Limited by Cuarantee Trnstees, Annual Report Uncorporating the Director's Report) Year Ended 31 Marcb 2021 The Boardbas four con)mitttts.FinaDce. Governance and L¢gaL Mating and Futthising, Personnel PastOTal and TrdiniDg- that are delega*d to act within awritten scope. and rnake proposa15 to the Board. providing more time for the Board to f(Kus on stralegic The chaplain's Work is oversccn by Railway Mission's Executive Dtrector Rev. L Johnston. based at the Rugby oifice. wbo is OVeeen in this role by the Chair. A scheme of delegation is in place, and day- day Tesponsibility for the provision of the Cbaplaincy Services rests with the Executive Director. The Remtsn¢Yation of the Executive Director is set by the Tntstees, and Teviewed annually along with au employees. The Structtwe is shown below." Chaplains Both the AdTninistrator post and the Fundraising rK>st are 3 day5 p¢r week, The latter $1 was filled in May2021. Related Partles Thue are no related parties
The Railway Mission Comp#Dy Llmlted by Guarantee Tru5tees' Annual Report Oncorporating the Director's Heport) {tw•vdJ Year Ended 31 March 2021 Objectives and Activities The cbaritabl¢ obje¢tive of Railway MissioD IS "to propagale the Cbristian Gosp¢l and preserve and protect mental and physi1 health PTimarily ats)ongst Tailway and traDSW)rt staff aod also members of the public affected by railway operatiotks. by all appropriate m&ins" Th¢ charity is ChTiStiaD but serves people of all faiths and Done. Its objectives are met through the provision of Railway Chaplains who WOTk anmmd EDglan¢L Scotland and Wale5, based in strategic locations on the railway systeTn. The Tnlee$ have given due consideration to the Charity Commission's publxshed guidance on the Public Benefit requirement under the Charities Aci 2011. The main activities of the Clwity are undertaken to further the Cl)aritys purFK)ses ftir the public benefit AcbievwBents and Performance At the end of March 2021 Railway Mission employed ten fv114ime. eight part4im¢ and two volunteer ciiaplain5. OUT chaplains have an ¢xteDsiv¢ s¢h¢aul¢ of visiting. including statioD5, offices. control Centres." signal boxes. and depots. The past year h&$ seen our ¢baplains involved in perso1 support to both serving and retired railway staff and their familics thr(yugh beffavemcnts. illnw, redundancie5, and a h05t of other issues including spiriwal con¢¢rns. Th¢y also wnduct various highrofile public events su¢h as Remembrance services. Mu¢h of the ministy of the chaplains is at tbe invitation of rnil manageTS. thus. demonslrating the conttnued appreciation of th¢ industty for the pt0[al support and care provided by the Chaplains. The significant level of suicides onthe rail eork is an are where the Chaplains provide much support something which As incTeasingly recwized and valu¢d officially within the industy. A system of'intervcntion" reporting by chaplain5 allowed the ColltiOn of anonymised infornution to be. presented to rail companies. demonstrating OUT involvement and support to their stsff. Thi5 is key to maintaiTJing aDd increasing their SUPPK>rt for ow work During the calendar year 2020. Railway Mission offeT¢d support 8.466 times covering 6959 different pwle. Network Groups which provide iKJth support to Christians in the wLYkplace and wovide a prnyer b&se for the Iijcal chaplain eXL at a fw4V I(atIOnS, such as the large Network Rail offices at Milton Kcynes and at Reading. o.bviously this year has been overshlowed by the COVtD-19 pandemic, aTNI Railway Mission has worked within the gov¢rnm¢nt requirements and guidelines. Most staff weTe firloughed initially apart from tbe three setiior chaplains and the #dministrator. This h&% been steadil'y lifted as guidance and staff . personal circumstances have allowed However as an wcntial support service to an essential industry it bas not always been possibl¢ to 'work from home". we have kept our team safe. We have embracryj technological way5 of ¢D8aging with people. We hav¢ inv¢5ted in laptops for all Chaplains" we use Microsoft Tearrns video conferencin& social medi4 and have set up various WbatsApp gTOUPS to support people. On 12 August. a passenger train was derailed near StonehaveD on its journey from Aberdeen to Glasgow. killin8 two staff and one Penger. BM chaplains provided support on-site.
The Railivay Mission Company Limited by Guarantee Trn$tees' Annual Report UDeorporating the Director's Report}(¢•d) Year Ended 31 March 2021 Flnancial Revie The Trustees consider that the atta¢b fll]an¢ial stst¢m¢nts are satisfactory. The satisfactory financial position of tb¢ charity 15 in large rnere due to the COD¢iDued Sup[rt olNetwork Rail and the Ttain Operating Companies for which we are very grdtefiji. Principal Funding Sources The highest prop)rtion of Railway Mi&8ion's income is received by way of direct ds)nation from the Railway Operating Companies. Twenty No different companies have provided total donations of £372,629 (2019120 £358.099). Support from individuals alld related Gift Aid continue to provide significant fijnds. with around £54.498 (2019120 £64562) beiD8 reIved in this way. tn 2020121 th¢ Government's Coronavirus Job Rdention Scheme provided an extra source of grants into the Railway Mission. By the year end, grants totalling £168,202 had been received. turning the budgeted deficit into a S1S for the year. Notwithstsnding this. our budget projections for firture years slM)w deficit 1xgets fimded by our reserves. Assuming income 8rowth tsrg¢ts th8t thc Board believe achievable (noting that the Fundrdising post is now filled). the aim is for a balanced budget by 2025f26,.but the approved budget for 2021122 a deficit of £115.0W. Currently we have a substontial cash and property reserve. in excess of our reserve5 w)li¢y, and this allows US to live with these deficits in the sbort-ierni. If income increases in line with targets set (and with no increases in our operating costs), our c&sh reserve will decrwe but it may not b¢ n¢c¢ssary to sell the property (which would represent our operating and redundancy reserve). However. if we do not acbteve any incTe&w in in¢om¢, the proj¢¢tiOT) shows that it would be necessary to sell the property at Nailsea convert its value into c&%b by April 2023. The total reser¥es at the end of the fitwlcial year were £715.186 (2020 £564.375). Of which tbere were no restricted fimds. (2020 £Nil). There are two desiwd funds, one for a )MUM potential redundancy? should the charity have to close, whicb was £133.682 (2020 £115.IX)O). which in the view of the trnstees is unlikely to crystallise in the foreseeable future. and the other for th¢ Chaplains Conference and trainin& which was £6.501 (2020 £2.466). which is likely io be utilised in the next 2 years. The free reserve5 after the Te5tri¢d and designat fimds including property are £575,003 (2020 £446.909). At the year en4 the charity is meeting its reserve5 policy. Inv¢stm¢nt Poli¢y Railway Mission invests capital not needed for monthly oper70nS in various investment accounts. seeking a reasonable rate of return but with low risk During this year these have included.M&G Charifimd and Virgin Money. The only proity owned by Railway .$$10 (t house in Nailsea) is currently rented out. The tnLSte¢s continue this in the shorttenn asthe ren¢al income exceeds any interest obtainabl¢ i)n the value of th¢ house. Th¢ r¢vi¢w date for selling this wopty is CUTTffltly during 2022.
The Railway Missibn Company Limited by Guarantee Trustees, Annual Report Oocorporxting tbe Direetor's Report) C¢*Aknl} Year Ended 31 March 2021 Reserves Policy The.reserves policy is &s follows: Casb sufficient to meet day to day tK¢ds Available within 6 months - tnaximum of s/0 of Capital related assets Available within 12 months- maximum of 51fA of p1[ related Sets The Board have ring-fenced £133.682 (2019120 £115,000) from the T¢rVeS to cover rethindancy paym¢nt liability in the event of closuTe. The Board is WTrently reviewing the ReserY¢5 policy. t!onated g(M)ds and services During the year. th¢ clwity received th¢ use of an office at Rugby Staiion. This is not material to the accounts. The charity also reiVeS fret Yail p&sses for all chaplains and tn]stees when travelling on Railway Mission busin&ss. It is oot possible to quantify the value of the rdil passes utilised thjring the Plans for Future Periods Plans for Futu periods Achievernertt of sustainable finances is the key fLKU5 for the Board and there will b¢ a continued focus on raisiug the profile 8nd support for Railway Mission both within'and outside the lAd$try. The crealion. approval 2nd implementstion of.a fimdraising strategy is key to thi5 in the Coming year. All chaplaincy p)$ts are currently filled. No llAiOT changes to ¢haplain numkn are currently planned. With the tnE of COVtD restrictions chaplaincy is returning to face40-face wort the experience of having use digital communications during the last year will have a l&sting effect on our ministry as w¢ learn to use a better tnix of the pbysical and the virtual. The pandemic bas ofcourse had a major impact on tile industy. with much reduced Ssenger numbers. and the emergency support from tbe governm¢nt: to ticket income. The recently published Wiliiams-shapps report propos¢s many Changes to the rail ]nthtrY modeL but it is early to coounent on any effect on funding and the longer-tern) sbap¢ of our work
The Railway Mission. Company LImit..bY GuaraDtee Trnstees, Annual Report lle0rpOrating tbe Dirrftor:'s Report) Year EDd¢d 31 March 2021 Audltor lo a¢¢ordan¢¢ with the company's articles, a resohrtion prormrng that Naylor Witttersgill Limited be ". reappoillted as auditor of the company will be put at a Geoeral Meetin& Distlosure of inforniation to auditor Each of the Trustees b&s confirmed that there is DO informationof which th¢y are aware wbicb is relevant lo th¢ audi¢ but of which the auditor is unaware. They have fillther conf]rnd tljat they bave tsk¢o all appropriate steps to identify such relevant infoTrnation and to establish that the auditor is aware of such infornution. Small Company Provisions This report has been prepared in a[dance with the provisions appli1£ to companies entiued to the small companies exemption. The trustees, annual r¢port was approved on 16 December 2021 and signed on behalf of the board of trustees by.. 0395a919W2435.. CJJSmith Charity Secretary
The Railway Mission Cornpany Limited b'y Guarantee Statement of Trnstees Responsibilities . Year Ended 31 Marcb 2021 Tbc TTUSt¢¢& who ar¢ also th¢ dir¢ctWs of The BJilwdy Mi&%ioD for th¢ purEw of company law, are respollsible for preparillg the Trustees R¢p)rt arLd the financial statements in accA)rdanc¢ witb applicable law and United Kingdom Accounling Standards (United KiDgdom Generally Accepted AccouDtin8 Practice). Company Law requir¢s the Trwstees to prepare financial ststetnellts'for eacb financial year which give a tTue and fair view of the state of affairs of the clty and of the incoti)AnE r¢SoUr$ and application of r&sources, including the income and expenditure. of the Chitable company for that year. In Preparing these financial statements. the TnLStees are required to: . - select suitable accounting policies and then apply them consistently: - obstsve the meth(Js and principles in the Charities SORP. - make judgements and tiMateS that are reasonable and prudeot: . - state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and ¢xplaiThed in the financial statements" and - prepare the financial stat¢menLS on the going concern basis unless it is inappropriate to presume tha¢ the Charity will continue in op¢rdtion. The TTUStees are r¢snsibl¢ for keepilig adequate ¢ounting r¢wrds that disclose with reasonabl¢ accuracy at any time the financial positioo of the Clwity and etthle them to ¢nsur¢ tbat the financial ststements comply with the Companies Aci 2(M)6. Tky are also responsible for safeguarding the assets of the Cbarity and hence for takn.ng reasonable steps for the pr¢vention and dete£tioll of fraud and other irregularities.
The Railway Miss1011 Compaoy Limited by Guarantee Independent Auditor's Report to the Trnstees of The Rilway Mission Year Ended 31 March 2021 OplnlDD We have audited the financial ststements of The Railway Mission (the 'Charity') for the y¢pr ¢tMled 31 Marcb 2021 which cowise the ststement of financial activitie4 the balaTLce sheel the staterneDI of $h flows and the not to the financial stat¢ment4 in¢ludiDg sigDificaTht XCOUDling policie5. Thr financial rq>ortittg frarnEwork tb h&% been applied in iFJeir preparation is applicable law and Unid Kingdom Ac£ounting Siandards, including FRS 102 Th¢ Financial Reporting StaNlard applicable in the UK and Republic of ITtland (United Kingdojn Genera]ly Aepted A¢¢ounting Ptr).. In our Opinio th¢ finao¢ial slat¢rn¢nts: give a true and fair view of the state of the clwitable compan$ affairs as at 31 March 2021 and of its iocoming r¢source5 and appliration of Tesources, for the year theTr ended. hav¢ b¢¢n prvp¢rly preparwl in accordance with Unld KiDgdotD(knernlly Acceptrd Accouthing PTrdice' have been prepared in accordance with the requirements of the Companies Act 2006. the Charities and TDJstee Investsnert {Scotland) Aa 2005 and Tegulation 8 of the CbaTities Accowits (Scotl8nd) Regulalions 2006 (as amendoj). Bsis for opittlo We CoAthted our audit in ¥Kordanc¢ with IntrntioDal StsDdarth on Auditing (UK) OSAS (UK)) and 4)plic&ble law. Our responsibilitbes under those thndants are fijnher desLYiknJ in the Auditorfs responsibilities for tbe audit of the financial statemcnts section of our report. We are Indedent of the Chan"ty in accordance with the ethical requiretnents that are relevant to our audit of the financial statrnKnts in the UK. including the FRC'S Ethical Standard. and we have lfIlled0urotherethjCal responsibilities in aCcOrWIth theserequirements. We b¢li¢v¢ ib& the audiLev1dee we have obtained is sufficient and awopTI kn provide a basis for our opinion. Contlusitins relating to going toncern In auditing the financial stsrernen we have concluded that the Tnwees, use of tk going concern basis of accounting in the preparation of the financial 5taletfKDts is appropriate. B&8ed on the WOTk we have perform, we have not identified any ma181 uncenwnties lalIng lo events or nditions that, individually or collectively. may cast significant doubt on the Charity's ability to continue as going COTJ¢en) for a ptriod of ai least trwelve t$ from when the fiDancial siatements 8Te authoris¢d for issu Our r¢sponsibiliti¢s and the re5POD5ibilities of the TnLS¢5 vjith T¢5pect to going concern are describeAI ID the relevani sections of this repon. Other lthformatlon Th¢ otheT information comprises the infontIon iD¢luded in th¢ rryx)rt oth¢r than th¢ financial stat¢mrnts and our audiior's rep)rtthereon. TheTnL%iees are r&%ponsible forthe other informatiort cL)ntaine4J within the annual reFK)rt. Our opinioD on the fllwjcial statemeDts docs not covcr the othcr iTJformation aA we do not express any forni of &SSUTan¢e wnclusion thereon. Our resp)nsibility islo read th¢other infoTrnation an(L in thTring so. consider whetheT the other information is materhally itth]L8iStent with the fi[wla1 statements OT our knowledge obtained in the course of the audil or otherwse appears to be nmterially misstated. Jf we identify such maierial LtLCODsisiencies or apparent material mi&stskments. we are requi1 to determine whether this gives nse to a material misststrment ID the finatKial statcments the1ve5. ][ b&sed on the work we have perfornd. we conclude that there is a material misslat¢mt of this other 1nf0rnwtio w¢ gr¢ required ts> report tha¢ f¥t. W¢ hav¢ rKJthing to r¢port in this regard.
The RailwAy Mission Company Llmited by GuaraDtee Independent Examiner's Report to the Trnstees of The Raihway.Miss1oD.It&i¥edj" Year Ended 31 Marcb 2021 Matters on whleh we re reqired to reptsrt by exception We have nothing rqM)rt in respect of the following matter5 in Telation t<) which th¢.CbJrhtie& {AccouDts athl R¢ports) Regulatioll5 2008 and the Clwities A¢couDts (Swtlaod) R¢gulatioLs 2(K (as ameThled) require to reDOrt to vou if. ID oiir ooinioii" the information given in the financial $emetits is Ilstent in any MtrIal respt with ihe Tnlees. sufficient and proper accounting record5 have not been kept. or the financial ststements are not in aeMeN with the accounting records" OT we have not rettived all the it)fomMtion and ¢xplan8tions we r¢quiT¢ for ow audiL Re5ponsibilitid of Trusttrs As explained more llY in the srment of TrSt¢¢$' resInsibl11ti th¢ Trusiees, who are also the dirtttors of the Charity for the putp)se of law. are rrsponsible for thc preparatton of the finaucial ststements and for being Wisfied that they givc a true al fair view. and for such intemal control as the"TnCes deteTmine is neccssary Éo ettable the preparation of financial statetnet)ts that are free from maTerial misststemeLL wbether thi¢ to fra1 or error. In PTeparing tb¢ financial slaternents. the TrStee$ are Tnsible for &wssin8 the Clwity's ability to continue as a goios disclosiD& applicable, mattets Telated to going concern and USTng the going ¢on¢em basis of ac£fjunting unless the Tnwees either to liquidatetheclwi"tsble company Or to ee&%e operations. or have realistic alteTllalive but do so. Audittsr's rttponsibllides for the audit of tbt fiMndl 5ttrmt•ts We have been apwTrinted as auditorundersection 144 of the Charitie5 Act2011 and 5cction 44(IXc)of the ChaTitse$ and Trus(ee Investment (Scotland) Act 2005 and report io accordance with the Acts a[ relevant regulations made or havino effect thereunder. Our objectsves are to obtsin re)nle assur abrt 4knethcr the financia] slatenwits as a whole aTe free from mateTial misststemenL ther due to fraud or em)r, and issue an auditorfs Teport that includes our optnion. Re&wnable assurance is a high kvel of assunnce but is nDt a guarart that an audit ¢onduc4J in accordance with .ISA8 IUK) will alway5 detsct a material mi551atcment wben it exists. Mhsststewoents Can ati5c from fraud or error and ar¢ COtldered tnaterial.if, individuallyor in the aeBate. tbeycould rcasonablybe expected to influence the trregularitie& including fraiid OTe iDstanc¢s of n0th-coryliatC with law5 aDd fEgulation5. W¢ d¢si8D proccdure5 in lin¢ with our responsibilities. oudined above, to d¢t¢¢t material misststements in r¢5pect of iTr¢gulariti¢s. iluding fraud. Th¢ extent tOTthich our procedures are capable of deteciing irregulaTitse& iluding fraud, is detailed below. Discussions with dect<[S In¢laltig nSidatron of OrsuSptea ILSta of I40mPlI1¢e with laws and Tegulati¢m and fraud" Reviewing ttlevant iiK¢ting minutes. Reviewing of COTres[>ndenCe in so far as they related lo MJnaconylian¢e with laws and gulationS and fraud. Procediires reling to the recogniti(ffi of inwme. Identifying and ie5tsDg jOWDal entries, in particular any journal entries postèd with unusual accgUDt cornbinations. posted on unual"days. ry)sied by infrequ¢ni r$. posd by senior management or posted with descriptions kndi¢ating a Ihigher level of risk- There are inherent limitations in the audit predureS desmlrd a¥¢ and the fither removed non-'compliance with laws and gulatiot]S 1$ from the events and transauions Tefiecitd in the financial ststemeDt4 the less likely we would become aware of ii. Also. the risk of not d¢trfting a matrrial misstsiement to fraud is higlw than th¢ risk of not detecting one resulting froiii error. as fraiAI May iDvolv¢ d¢lib¢ra* Co)Ment by. for exanwK forg¢ry or iDtention&l misrepres¢Dtation4 or through collusion. .io-
The Railjvay Mission Company Llmited by Guarantee Independent EXallDer'S Report Qo the Trnsttts of,The Rallway Mission ((•tiw4J Year Ended 31 Mareh 2021 A fijrther descnptson (rf our rtsponsibilities Is 8vailable oft the" Financial Rewrting Courtil's website at: hISJ/wWw.frc.orukJaVdItor$rcsV)lL$IblIItie5. This description forms part of our aw11tS reporL Other matters The finan¢ial staternents of the Charity foT the year 31 MaT¢h 2020 were not auditrd. Use of our report This report is Tnade solely to ihe ¢haTity'5 trustees. as a IKNJY, in XCOTdance with part 4 of the Chwrities (A¢uts and Eieports) RegulatiODS 2(K18 and regulatioTh 10 of th¢ Charities Accounts (Scotland) Regulations 2006. Ow audit WOTk ha been undertskett so thai we might stste io the cFAriWs tnwees those matters we aTe required to stste to them in an auditors, report and for no other pwJN)se. To the fi)lle extcni TKrn)ittrd by law. wc do noi accept or Tesponsibility to anyone other than thE chan.ty and the charity'5 Irusttts a body. for our audit worK for this r¢porL or for the opinions wc have Alison Whalley (SeDlor St*thtory Audltor) for and beb•lf of Naylor Winter5gill Limited 16 Decemb¢r 2021 Chartered AceouDtaDts Stathtory Auditor C3Tlton House Grammar Sch1 Strttt Bradford BDI 4NS Naylor Wintersgill Limiied is cligible for appointrnent as auditor of the Charity by wirtue of its eligibility for appointment &% auditor of a cotDpany under of section 1212 of the Companies Act 21)06. li
The RailTvay Mission Company Linblted by Guarantee Statement of,n1ClaI Activitks (including incorne and expeDdithre account) Year Ended 31 Marcb 2021 2021 2020 Unrestricted UorestriGted runds fidS . Note In¢ome and etsdowments . DoDatioos aud legacies . Investtnent income 624,454 . 14,595 639.049 453,935 15,701 469.636 Totsl ineome Expendliure ExpenditUTe on raising fvnds: Costs of rdising donations and lega¢ies Costs of other trading activitses Expenditure on charitable activities Other expenditure Total éxpenditure 4.222 20,509 ' 13l 532.091 2,624 555J55 9.10 12 490,325 2,675 497222 Net gainsl(losses) OTr investments 13 8,984 (12,194) Net incomel(eipenditsre). and n¢t movement in funds 150.811 (97.913) Reconciliation of funds Total ndS brought forward Tolal funds urried forvmrd 564.375 715.186 1>62.288 564.375 The slatement of financial tivItieS ildeS all gaiAs and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 27 forni prt of Ilse fiTran¢lal Jtatelnents. 12-
The Railjvay MisSiOD Company Limited by Guarantee Statement of Financial Position 31 March 2021 2021 2020 As raftated Note Flxed Assets Tangible fixed assets Investment proli¢S . Jnvestmcllts 18 19 20 10.238 325,000 47.765 2,662 325.000 38,781 366.443 383,003 Current Assets DebioTS C&sh at bank and ID hand 21 14,879 346.185 220.115 361.064 220.115 Creditors: amounts falung dme wSthin one year Net Current Assets 22 28.881 -22.183 332,183 197.932 Total Assets Less C•rreni Lixbilities 715.186 564.375 . Net Assets 715.186 564.375 Fund$ ofthe Charity Unrestricted funds DesigDated funds Total ch4rlty tsDds 575,003. 140.183 446.909 117,466 25 715.186 564J75 These financial statements have been prepared in aCcOrdae with the provtsions applicable to companies subject to the snMII companies, regime. These fiwncial s¢atemthts were apwoved by the board of truste¢s and authorised for issue on 16 Dec¢mb¢r 2021. and are signed on behalf of the E¥)2rd by. ' 91822F2F8242170.. A Volossevich Trnstee (Chairman) The notes OD pages .15 to 27 form part of.these finavi statewen¢& 13-
The Railjvay Mission Company Limited by Guarantee Statement of Cash Flows Year Ended 31 March 2021 2021 2020 Cash Flows from Operatlg Activllies Net incott/(eXpeditll[c) 150.811 (97.913) Adjus¢mentsfor.' . Depreciation of tangible fixed aets Government grant income Net gainsJ(losses) on inve5tsnents Dividend8. interesi and rents from invests]ts Other inierest Teceivable and similar iDcoIne Interest payable and similar charges Aed ¢xpens¢s 1.806 {168,202) (8.984) (13,992) (603) 728 4.645 470 12.194 (14.409) (1,292) 806 ChangeJ in.. TTade and other debtors Trade and other creditors (11879). 2.053 (46,617) 12,3(HJ (2,174) (90,014) Cath generated from operntions tntere5t paid Int¢Test reIVed. {728) 603 {806) 1.292 Net cash used in operating activiti (46.742) ,{89,528) Casb Flows from Investing Activltles Dividends, interest.and TtnLS from investments Purchase of tangible assèts Net c&sh from investing activities 13.992 (9,382) 4,610 14.409 14.409 Cash Flows from FIDandng ACknties Government grant income, ' Net cash from fi)iDE a¢tiVAties . 168.202 .126.070 (75.119) Iyet In¢reaseJO)ecrease) in Cash 2nd Cash Equivalents Csh and Cash Eqllivalents at Beginning of Yur Cash and Cash EqTAiv•kAts at End of Year 126.070 220.115 (75.119) 295.234 346.185 220,1)5 The DOtos.on pages.JS to 27 form part of"Ihe8e fln¥Trel statements. 14-
The Railway Missio Company Limited by GuaraDtee Iyotes to the Financial Statements Year Ended 31 March 2021 . General Inforniatlon The cbarity is a public bettefit entity and a private company limited by guarantee. registerd in England and Wal¢s and a registered cbaTity in EnglaJ. Wales and Scotland. The addres8 nf the registered office is 125 Main StrccL Garfortl4 Leals. LS25 IAF. StstemeDI of Compliaxtt These financial statements bave been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stat¢m¢nl of R¢comm¢nd¢d Practice applicable to charities prepTrn8 their accoiints in a[dance with the Financial RerM)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Cbarities Ad 2011. Charities and TTUStee Investment (ScotlaDd) Act 2005 and the Charity A¢¢4)unts {Scotland) Regulations 21YJ6 (as amended). The Charity is a Public Benefit Eniity &s defined by FRS 102. Accountlng Polities RedundaD¢y and Termlnatlon Payments Wlkre rethmdaDci&s take pla during an xwunting peri(xl, the cost of the rethindaw and paymeni in lieu of notice are aClln1¢0 for when the payments are PresSed tbr(gh the payroll. and the employmfflt c¢a5es. Bsls of Prepr*tioD a. tncornillg Resources All incoming resources are included in the Ststement of Financial Activities wben the chariry is entitled to th¢ in¢om¢ and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular ¢at¢gories of incom¢. Voluntary income is rec¢ived by way of donations and gifts and is included within the Statement of Financial Activities when rett1v. Legacies are included within the Statement of Financial Activities when receiveA. Investment income is included when receiv&t b. Resources Expended Resources expended are recognised in the periixl in which they are incurred and include attributable VAT which cannot be recover Expenditure is recogDised on an accrual b&sis as a liability is incurred. EXpdire includes any VAT which cannot be re¢overe(L and is sbown as part of the expenditure to which it r¢lates. Charitable expendittwe mpriSeS those costs itscued by the clthrity in the delivery of its activitie5 and serviS for its beneficiaries. It includes those costs can be directly atiributed io such activities &$ well as thos¢ costs of an indirt n2ttwe necessary to support them. GoveTn&nce costs include those costs associated with the meeting of constitutional and statytory requirements of the charity, and iDclud¢ the auth"t f¢es. 15-
The Railway Mission Comiiany Limited by Gu&r•ntee Notes lo the FinaDcial Ststements Year Ended 31 March 2021 Accounting Policies . Going Concern. Tb¢r¢ ar¢ 00 trTial un¢¢rkntics aiM)Ut.the ability to.continu¢. . Fund AccouDtiDg Unrestricled funds are available foruse atth¢ dis¢r¢tionofthe tnLStees to'fvrther any of tbe.charitys . purposes. Desigated are unrestri¢t¢d fillKls earnthed by the truste for particular future project or ."commitmenL estricted fimds are subjected to r¢strActions on their¢xpenth"ture declared by the donor or through ' the tern of an apal. and fall into one of two sub-classe5: restrided income fimds or ¢ndownMt fids. IncomiAg Resources AII.iDcoming resources aTe illclud¢d io th¢ ststemenl of financial activitie5 when entiti¢m¢nt has passed to the charity" il 15 probable that the e¢onomi¢ beT]efJts associated with the transaction will flow to th¢ chaTity and the amount reliably tn¢asur¢d. The following specific polici¢5 are applied to particular categories of income: incotne from donatiODS or grallts is T18¢d when there is ¢vidence of eDtitlemeDt io the gift. receipt ts probabk al its amount can be measured reliably. legacy income is re¢ognised wh¢n receipt is probable and entitlement is established." iDcorne from donated goods. is Meagu at the fair value of the goods unless this is impracti1 to measure reliably. in which case the value is Ikrivcd from the ¢ost to the donor "or the estirnaÈ resale value. Donated facilities and services are recognised in the accounts when receiveil if the value can T¢liably measured. No amounts are included.for the cwtribution of general volunteers. iucome frorn contrncts for the supply of servitts is rwognised with the delivery of the contracte4J service. Tlii5 15 classified as un¢ted funds unl¢ss there is'a contractual Tequiremetjt for it to be spent on a pArti¢uiar purpos¢. and retsllned if unspeDL in which case it may be regarded as restricted -46-
The Railway Mission Company Limlted by Guarantee Notes to the Financial St4temeDts fcv Year Ended 31 March 2021 Accoullting Policies Resources Expe#ded Expenditure is r¢cogms¢d on an accTuals basis as a liability is Expenditure includes any VAT wbich cannot be fully recoverf alld is cIwified under beadings of th¢ statemcnt of fllwicial activities to which it relat¢5= exp¢lldittre on raising fuods includes th¢ Costs of all fijndtaising activities. eventy non- haritable trading activities. and the sale of donated goods. expenditure on charitabl¢ activities in¢l)th all Costs lticurr by a cFwity in undertaking activitie5 that fier its clwitable aims for the nefit of its beneficiaries. including those support costs and costs relating to the governance of the charity aPtioned to charitable activities. other expenditure includ£s all expendimre that is neither related to rnising fi3tNls for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories rcfl¢¢ting the usc of the resource. Dircct costs attribuL2ble to a single activity are allocat1 directly to that activity. Shared $tS ar¢ aprtIoned betw¢¢n the activities they coDrribu to on a reasonabl4 JUIfiable and consistent basi5. Tanglble Assets Tangible assets in excess of £2.IM are initially recorded at o)s¢ and subsequently stated at cost . less any accwnulated depreciation and irnpairn)eni losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the d of revaluation less any subsequent accumulated d¢pre¢iatiou and subsequent accunwlated impairment losses. An increase in the carrying amount of an asset as a Tesult of a revaluation. is recognised in other recognised gains 8T lo&fje5. unless it reverses a charge for llnpairn]ent that has previously been recognised as expenditure within the stat¢m¢nt of financial activities. A decreasc in the cwing amount of an asset as a result of revaluation. is Tecognised in other recognised gains and losses, except to which it offsets any previous revaluation n. in which use the loss is Sho within other recogni1 8ains and losses on the statement of financial activities. Depreclation Deplation is calculated so as to write off the $t or valuation of an asset. less its residual value, over the weful economic lif¢ of that awt os follows: Office equipment 150/• reducing balance Invutments Unlisted equity investments are initially record at cosL and subsgquently measured at fair value. If fair value cannot be reliably u*asurrf a&sets are Meas at cost less impairnient. 17-
The Railway Mission Company Limited by GuArantee F4otes to the Finn¢l41 Sttements I0* Year Ended 31 March 2021 Ac¢ovttting Politl¢S Investments Listed illvestmeots arernuredatfthirya1Ue withchangtt in fair valuelxing recognised iJ] incolne or exF¢nditure. Impaiment of Fixed Assets A review for indicators of impairn)ent is carried out at each reporting d8te. with the recoverable atnount being estirnated where such indicatOT5 exist. Where the ¢aTrying value exc¢¢ds the recovernbl¢ amowhL th¢ asset is impai.red ac¢ordin8ly. PrAor impainnents are also reviewed for possible reversal at each reporting date. . For tbe purp)ses of impairnient t¢stin& wh¢n it is possible to esttmate the recoverable amount of an Individual asset. an estimate is made of the recoverable amount of the cash-generating unit .to which th¢ asset belongs. The ¢ash-g¢neratillg unit is the smallest identifiable.group of &ssets that includes the asset ld gcnerdtes c&sh inflows that 14rg¢ly. independent of the c&sh inflows frorn other ass¢ts or groups of &ssets. . For" impaiTment testing of goodwill. the goodwill acquired in a businw combination is. from the aCqU15ition date, alloc4t¢d to ofthe cash-g¢nerating units that are expected to benefit from the . sjnergies of the combination, iTrespective of whether other assets or liabilities of tbe ¢barity are assigned to those units. Government Grants Government grants are reco1$¢(1 ai the fair value of the asset received or receiv3ble. Grants ar¢ .'notre¢ognised until.there ts reasonable a55ufdnce that the chaTity will"con)ply with the coDditions . attacbing to them and the grants will be received. whe th¢ grant does n(It im[e specified futll [oM1a¢e-r¢l1Il conditions on the recipienL IL is reColSed in income when the wt pro¢¢eds are reived or Teceivable. Where the grnnt d¢i¢s impose sp1¢11 futur¢ perf0MnCe•re1ated conditions on the r¢eipi¢nt. it is rewgnised in in¢oJn¢ only when the perfon))ance_Telatcd Conditio have been met. Wb¢r¢ wts received are pr,ior to satisfying the recognition CTiteri4 they are r¢cognised as a liability. tiefined Contribiition Plans Contributions to defineii witribution plans ¥ reco8nisedas an expens¢ in the wiod in which th¢ rèlated service IS PToviduL PTepaid contributiODS are rewgnised &$ an &wt to the extent that the prepayment will l¢ad to a reduction iti luTe payments or a cash refiDid. When contributions are not expected to be settled wholly within 12 month5 of the end of the Tepotting date in which the enwloy¢¢s render th¢ related service, the liability is measur¢d on a disci)unted present value b&8is. The Unwinding of ihe discount is re£ogDised.as an expense in the period in which it arises. 18-
The Railway Mission Company Limited by Guarantee Notes to the Financial Ststements Cr&•) YeAr Ended 31 March 2021 LIted by GDarants¢ The company is limited by guarant¢¢ not having a slwe capital. It is also a registrrea clwity. Don*tiolls and IacieS Total Funds 2021 Dons)tions Supporter and church donations Railway compauy donaiions Other income Trnst companies Deputstion income Incortt tax refunds Donations for cal¢ndars . Donations for Christnw cards 48.510 372.629 6.971 5,988 2.304 311 GTants Government grdnt income (Covid grants) 168.202 Sponsorship Sponsorship and fund raising events 5,061 Other Donations gnd ioacies Le8a¢i¢s and memorials 14.478 624,454 Total Funds 2020 DonatloDs Supporter and cburcb donations Railway company donations 56.653 358.099 262 5.250 1,128 7.909 3203 Trnst cornpanies tkpulation income .Incom¢ tax refunds "Donations for calendars Donations for Christhw cards Grants Government grant income (Covid grdDts) Sponsorshlp .Sponsorship and fijnd raising events '15,848 19-
The Railway Mission Company Limited by GuaraDte¢ Notes'to the MnaDcial Statements Year Eoded 31 March 2021 DonAtions aDd Lega¢i¢s Totsl Funds 2020 Other Donations and tIeS Le'gaci¢s and MeThrialS 5.583 453.935 . Invutment Income Unregkncted Tot*1 Funds Unrestricted Total.Fw)ds Funds 2021 . Funds . 2020 Rent '" Charifimd investrnent income Ballk interest rec¢ivable 11.9 2.092 603 11.9(K) 2.092 603. . 11.700 . 11.7(M) . 2.709 ' 1,292 15.701 1.292 14.595 14.595 15.701 . Costs of Raising DiJaatloDs aDd iw¢ies Unrestricted Total Funds Unrestricted .. T.otal.Funds Funds 2021 2020 Costs of raising d(inations and legacies -"CalendaTS and newsletters 4222 4222 20.509 20.509 . Costs of Other Trading A¢dvilles Utwestricted Totsl Funds unrestrict Total Funds 2021 Funds 2020 . Costs of other trnding activities- Fundrnising events 131 -20-
The Raihyay Mission Company Limited by Guarantee Notes to the FinaDei*l Statements Year Ended 31 March 2021 Expenditure on Charitable Aclivities by Fund Type Unrestricted Funds 2021 Provision of ChaplaiAs Sffvices Support wsts 458,955 31.370 490,325 Unrestricted Funds 2020 Provision of Cbapiains Services Suprrf)rt costs 487.540 44.551 532.091 10. Expenditsre on Charitable Acilvities by Activity Type Activities UDdertakeo. directly Support costs Total funds Total fund 2021 2020 Provision of Cbaplains Services Support costs 458.955 458.955 31.370 490.325. 487.540 44,551 532.091 31 J70 31 J70 458.955 11. Analysis ofsupp•rt Costs Analysis of support costs Total 2021 Total 2020 Staff $ts DePrlatIon Accountancy Professional fees Governance- Trustee recruith)ent Office costs . Trustee training 14.287 1.809 7,057 234 4.399 3,524 14,287 1.809 7.057 234 4.399 3.524 60 32.771 471 4,214 234 491 6J70 31,370 31.370 44,551 21-
The Railway Mission Conipany Limited by Gllgrantee Notes to tbe Thancial statements174) Year Ended 31 March 2021 12. Other EipeAditure UDrestri¢ted Total Funds Unrestri¢ted T.otal Funds FuDds 2021 Funds 2020 Property costs 2.675 2.675 2.624 2.624 13. Net Galnsl(Iwu) on Invutmexts UnrestTi¢t Total Funds Unrestrictrd Total Funds Fvnds 2021 F)mds 2020 GaIn(lOsSeS) on list¢d investm¢nts 8.984 (12.194) (12.194) 14. Net IDeomel(Expenditsre) Net incomeJ(expenditure) is ststeAI after cbarginW(¢rediting): 2021 2020 Depreciation of tsngibl¢ fixed &wts 1.806 470 IS"" IDdependent' ExamlnatioD Fees. 2021 2020 Fees paya.ble to the ind¢p¢ndent examiner for. Independent éxamination of the finan¢ial tht¢ments 2.190 lfv Staff Costs The total staff and liploYee belfits for the TepoTting wiod a analysed as follows: 2021 2020 Wages and salaries Social security costs Employer contributions to pension Pla . ReCrnits)nt Costs 406.041 28,199 8.283 320 439.271 30.204 7,788 684 442,843 47,7.947 During the prior year. three membeTS of staff were made redundanL The totsl aUnt paid in redundancy and paym¢nt.in lieu of notice was £34.750 22-
The Railway Mission Company Limited by Guarantee Iyotes to tbe Financial Statements Year Ended 31 Mareb 2021 16. Staff Costs Tb¢ averdge head count of cmployees during the year was 20 (2020.. 19). The average numbu of ll-titne equivalent employees during the y¢ar is analysed as follows: 2021 No. 2020 Number of Cbaplaincy Service stsff Number of management and administration 18 16 19 No etnployee received ewq>loy¢e benefits of wrt)Te than £60.(MX) thuing the year (2020: Nil). ' Key Management Personnel The totsl employee benefits of the key maDagement personnel was £50,6(1 (2020 £48.979) 17. Trustee RemUner•tiO EApenses Related Partks No ¢nJstee or othcr person related to the charity had any personal interest in any contract or transaclion entered into by the charity durtDg the year (2020 - £Nil) No men)b¢rs of the Tn group received remuneration during the year. Out of pocket POStage. telephone and travel l aoMrttiQn expenses were reimbuTsed to no (2020: 2) trnstees to the value of £Nil (2020 £36) tn aggregats, Trte¢S made donatio to the ¢l)arity of £1,850 (2020 1.200) 18.. TvAnglble Flxed Assets Fixtures and fittings Totsl Cost At l April 2020 Additions 14.298 9.382 .339.298 9.382 348,680 At 31 March 2021 . 23.680 Depreciation At l April 2020 Cbargc for the year At 31 M*reb 2021 11,636 1,806 13.442 11.636 1,806 13.442 Carrying amount At 31 March 2021 10238 335.238 At 31 March 2020 2,662 327.662
The Railway Mission Company Llmlted by Gvarnntee Notes to the Fill8Dcial SttemeDts Year Ended 3.1 Mar¢h 2021 19. Investment Property Total Fair value At l April 2020 (as restated) Additions 325,000 At 31 March 2021 325.000 The fair value of investment proiw lus been a1Ved at on the bas'is of a valuation carried out on 20 May 2020 by Westcoa51 prOrtieS who are not connected with the Charity. The valuatson w&8 made on an open market value basis. The TnL8tees do not consider the vaJu¢ of the property to have changed Since this date. 20. Investments Listed . investmtnts Cost or valu8tiTrD At l April 2020 Additions Other trnvements 38,781 8.984 47,765 At 31 March 2021 Impairment At l April 2020 and 31 March 2021 Carrying.amount At 31 Mareh 2021 47.765 38,781 At.31 March 2020 . All iov¢strDt$ shown above are held at vah70n. Aan¢ii assets held at fair Y*lu¢ 'The listed investments are shown at open market value the year end. 21: Pebtors . 2021 2020 Otber d¢btots 14.879
The Railway Mission Company Limited by Guarantee .Notes to the Financial St#¢ements Year Ellded 31 Marcb 2021 22. CTeditOTS: alllOUDts falling dne'witbin ODe year 2021 2020 A¢¢ThS and d¢f¢rr¢d in¢ome Social security and otb¢r taxes Other creditots 17.460 9.524 1.897 12.815 7,762 1,606 28,881 22.183 23. PpDSiODS •nd Otkn Pogt Retiren)ebt Benefits Defined contrlbution plans Th¢ Chariry operates a d¢fined contribution pension scheme for the benefit of its employees. At . 31 March 2021 £1,897 (2020 £1.606) Was included in other creditorg in respe¢t of the scheme. Th¢ anK>UDt recognised in incorne orexpenditure as an expense in relation.to defined contribution plans was £8.283 (2020.. £7.788). 24. CoveTnment Grants The amow]ts rOls¢d in th¢ financial statements for Eovemment graDts are as follows: 2021 2020 Recognised in income from donations and legac1. G0venmt grants incom¢ 168,202 The Charity was in recejpt of Government grants of £168,202 {2020 £Nil).. Thesc were received as part of the Governmenvs Covid-19 financial supiMxL in the forn) of the Job Retention Scheme. 25-
The Railjvay Mission Company Limited by Guarantee Notes to the Fknancial Statements Year Ended 31 March 2021 25. Attatysis of Charitable Fwids Funds At l Apr 2020 Gaills At losses 31 Mar 2021 nje Expenditswe Trdnsfers . General fimds ' 446.9 639.049 (497222) (22,717) 8,984 575.003 ated fijnds Re41undancy fund Chaploins Conferences fund 115.(HKI 18.682 133.682 .4.035 6.501 140,183 715.186 117.466 564.375 639.049 (497222) 8.984. At the end of the fuwicial year, a transfer was from the General Fund to the Reduttdaucy FUD4 to meet the maximum potential redundancy liability. . There was also a transfer from Genml Fund to the Chaplains Conference Fund or £4."0'35:"This represents the agreed designation of what was left from the IKgacies moDi¢g this year. afier h&viDg paid for the nvw laptops. At l Apr2019 ' CAins and tncome Expenditure TTaDsfers . . losses 31 Mar 2020 General funds. . 526.611. . 469.636: (519.394) (17.750) (12.194) 446.909 ated funds RedundaDCy fund Chaplains Conferences fund 132.(rfX) (34.750) 17.750 115,000 3.677 (1.211) 35961 135.677 17.750 117,466 662288 469.636 (555.155) (12.194) 564.375 -26-
The Railway Mission Company Lfimited by Guarantee Notes to Ihe FlnaDcial Statements fcw•w4J Year EDded 31 March 2021 26. Analysts ollyet Assets Between Funds Unrestricted Total Funds Funds 2021 Tangible fixed assets Investmcnt ptoperty Inveslments Current assets Creditors Icss than l year Net assets 10.238 325.000 47.765 361.064 (35,217) 708.850 10.238 325,000 47.765 361.064 (35.217) 708.850 Unrestricted Total Funds Funds ' 2020 Tangible fixed &ts Investment property tnvestroents Current assets Creditors les5 than l year Net *ssets 2,662 325.000 38.781 220,115 (22.183) 564J75 2,662 325.0(K> 38.781 220,115 (22.183) 564,375 27. Analysis of Changes In Net Debt At "At I Apr 2020 Cash flows 31 Mar 2021 Cash at bank and in hand 220.115 126.070 346.185 28. Prtor Perlod Adjustment During the year it h&s come to the attention of th¢ tnte¢S that property prevÉously recognised as Freehold Property should have been PTeseDted as Investment PropeTty. The error h&$ been corrected in the prior periiMI and the ¢ompardtiv¢ figures bav¢ been adjusted. This has no effect on the surplus or net &ss¢ts previowly presenled. -27-
The Raihvay Mission Company Limited by Guarantee Management Information Year Ended 31 March 2021 The Following P*ges Do Not Fonn Part of the FinAnetsl Ststement&
The Railway Mission Company Lfinthtd by Guarantee Notes to the Detailed Statement of FiDaneial Activities Year Ended 31 March 2021 2021 2020 ID¢omt and endoT¥ments Donations and legcies Supporter and cburch donations Railway company donations OtheT.income Trust companies Deputation income Incorne t&x refunds DoDations for ¢alendaT5 Donations for ChristsTrw ¢ards Government ant income (Covid grants) Sponsotsbip aDd fund raising events Legacies and memorials 48.510 372,629 56.653 358.099 262 5.250 1,128 7.909 3,203 6.971 5.988 2.304 311 168,202 5,061 14.478 15,848 5.583 624.454 453.935 Investment Income Rent Charifund investment income BaJ)k illtet r¢¢eivable 11.900 2,092 603 11.700 2,709 1,292 15.701 14,595 Total income 639,049 469,636 Ezpendltsre Costs of raising donations aDd legacies. 14wcb&ses N¢wsletteTS 1.731 2.491 4,222 19.751 758 20.509 Costs of other tr2ding ctivi¢ies' Fundraising events -29-
The Railway Mission Company Limlted by GuaraDtee Notes to the Detailed. gtatemeDt of.80¢1%1.AC¢lw1Iles Cco•ww4J Year Ended 31 Mrcb' 2021 Expenditure on tb#ritable Artlvlties Provision of Chapliins Servlces Staff salaries Employers National Insur&1£ Pension costs. Recruitment costs . Insurance 392.505 27.667 .' 408.480 28,720 320 8.989 9,250 E 11 Stsff trav¢} and expenses Telephone Conferences seminaTS and training 'Subscriptions' Sundry'expenses Publicity and advertising 2.435 11,576 iio 470 3,512 11.661 8,302 969 1.303 7.498 6.400 458.955 487.540 CoYerThallee costs Salari¢s and wages Employerfs NIC Pension. costs Accow!tan¢y fees ' Lega] and professional fe¢$ Reimburs¢m¢nl of tnLStees cxpcnses Depreciation BaDk charges Administration and office costs Governance costs" :. Trnstees training 13.536 532 219 7,057 234 30.791 1.484 496 4.214 234 36 471 806 5,564 455 1.809 728 2.796 4,399. 60 31.370 ExpendIre on cbaritable ¢livittes 490.325 532,091 Other expenditure P,roperty costs 2.675 2.624 Total eypenditnre 497.222 555.355 Net galnpJ(losses) on invesl!11,ents Gainsl(losses) on list¢d invè4ltnents 8.984 (12,194) Net intomeJ(expeDditure) 150,811 (97.913)
The Railway Mission Company Liothed by Guaranttt Notes lo the Detailed Statemeot of FiDaneial.Activities Year Ended 31 March 2021 Costs of raising donatlons and legacles DoDatioD$ Calendays Newsletters 1.731 2.491 19.751 758 4222 20,509 Costs of rthlng donatiom and legacies .4.222 20.509 Costs of other trading activities Fundraising Fundraisiug events Costs of her trading acilvldes 131 31