2021-12-31-accounts - The Railway Community Homes

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			Page
Reference and administrative information
Report of the	Trustees		2-5
Report ofthe	Independent Auditors		6-8
Consolidated	Statement of Financial	Activities
Consolidated	Income and Expenditure	Account	10
Balance Sheet- Group and Charity
Notes to the	Financial Statements		12- 18

			P. C. Moakes
			J.F. L.Reeves (Resigned			31/12/21)
			S.J Brook
			C.C. Mills
			A. D. Sugden	(Resigned		16/03/22)
			W.J.Colkns
			P. E. O'Hare
			C. Donovan
			D.R. Croma
			B.J. Davenport
			G.P. Isom
COMPANY SECRETARY			A. B.Conyard
REGISTERED	CHARITY NUMBER		1142608
COMPANY REGISTRATION		NUMBER	07109869
REGISTERED	OFFICE		Bridge House
			2 Church Street
			Dawlish
			Devon
			EX7 9AU
INDEPENDENT	AUDITORS		Casson Beckman
			Murrills House
			48 East Street
			Porlchester
			PO16 9XS
LEGAL ADVISORS			Hunters
			9 New Square
			Lincoln's Inn
			London
			WC2A 3QN
BANKERS			Lloyds TSB
			PO Box 1000
			Andover
			BX1 1LT
INVESTMENT MANAGERS			Sarasin 8, Partners		LLP
			Juxon House
			100St Pauls Churchyard
			Lorttl0I I
			EC4M 8BU
			M8,G Investments
			PO Box9039
			Chelmsford
			CM99 2XF

CONSOLIDATED STATEM	ENT OF	F	INANCIAL	ACTIVITI	ES FOR T	HE	YEAR		ENDED	31	DE	C	MBER	20	21
						DI	Im		d	C	ii	I	a	DI
											o	p			o	p			T	I~Ir	Ch diy Tidf 4	Ch Tm	diy lr d
				31 D		31	D	b		31	D		b	11	D		b	31 D	31	D* b	31D b	31 D	b*
			Note	2021 f			2021 5				2021				2C21 f			2021 5		2020	2il21	202S
INCOME
Donations end legacies									500									500		2,488	500		2,488
Income from charitable activities Coiitrlbugons Operating Income Other inconle			5 6					3,909										3,909		8,537 22,782 2,660	3,909		8,537 22,782 2,660
fncome from other trading Trading Income	acttvlties		7																	50,369			50,369
Investiiierit Indents				304,500														304,500		393,221	304,500		393,221
Total Incoming resources				304,500				4,409										308,909		480,057	308,909		480,057
EXPENDITURE
Cost of raising funds Tiadlng expenses Putil Icih/								1,3D9										1,309		3,156 1,951	1,309		3,156 1,961
								1,309										1,309		5,107	1,309		5,107
Net Incoming resources svagsble charitable appgcation		for			304,500			3,100										307,600		474,960	307,600		474,950
Expenditure on charitable Support costs	activities		9		249,930							17,958						287,888		743,982	267,888		743,982
Net Incoming/(outgoing) resources for the year before recognised gains and losses					54,570			3,100				(17,958t						39,712		(269,012)	39,712		(209,012)
Other recognised gains and losses Unrealised Investment gains Unreelised cash gains			12		623,153 (65,764)							330,818						953,971 (55,784)		84,805 58,051	953,971 (55,764)		84,805 58,051
Unreelissd revaluation losses Realised Investment gains					12,330													12,330		67,552	12,330		87,552
Net moveinent ln funds					634,289			3,100				312,860						950,249		(58,804)	950,249		(58,604)
Recon cglation offunds
Total funds brought forward			18	7,500,248							1,995,895							9,488,143		9,545,132	9,486,143	9,544,747
Transfer between funds					(17,958)								17,958
Fund balances carried forward at 31 December	2021		16	8,116,579					3,100		2,316,713							10,436,392		9,486,529	10,436,392	9M86, 143

					Year Ended	Year Ended
					31 December	31 December
					2021	2020
					6	6
Income
ContribuUons					3,909	8,537
Operating income Trading income						22,782 50,369
Other income						2,600
Investment Income					304,500	393,221
Voluntary income					500	2,488
Total Income					308,909	480,057
Expenditure Trading expenses Publicity Expenditure on charitable			activities		1,309 267,888	3,156 1,951 743,962
Total Expenditure					269,197	749,069
Surplus/(Deficit)	for the year before Other recognised			gains	39,712	(269,012)
and losses
Other Recognised		gains and losses:
Realised gains on	disposal		of Investments		12,330	67,552
Surplus/(Deficit)	before and after tax				52,042	(201,460)

						~Gran	Charltlr	~GIau	~Charlt
						2021	2021	2020	2020
		Note				8	8
FIXED ASSETS
Tangible assets			11			731,301	731,301	747,803	747,603
investments			12			9,308,329	9,308,329	8,342,028	8,342,028
TOTAL FIXEDASSETS						IO 039)630	10039)630	9)089631	9,089,631
CURRENT ASSETS
Debtors			13			20,422	23,628	21,958	25,130
Cash at bank and in hand			14			401,821	398,237	396,673	393,088
TOTAL CURRENT ASSETS						422,243	421,883	418,831	418,218
LIABILITIES
Creditors falling due within ons year			15			(25,096)	(25,488)	(21,734)	(22,091)
NET CURRENT ASSETS						397,147	396,377	396,897	398,127
TOTAL ASSETSLESSCURRENT LIABILITIES						10,436,777	10,436,007	9,486,628	9,485,758
THE FUNDS OF THE CHARITY:
Unrestricted income funds			16			8,119,679	8,1'l9,294	7,500,248	7,499,863
Non-charitable trading funds			fe			385		385
Permanent endowment funds			16			2,318,713	2,318,713	1,985,895	1,985,895
TOTAL CHARITY FUNDS						10,436,777	10,436,007	9,486,528	9,485,'758
The Truslees have prepared	group accounts		in	accordance		with section 398 of the Chargles		Act 2006 and section 138 of
Charities Act 2011.These accounm ars prepared				In	accardance wllh ths special provisions of			part 15 of the Companies Act
relating to small companies	end constitute	the annual			accounts required by the Companies Act			2006 and are for circulailon to
members ofthe company.
The notes at pages 12to 18 farm pari of these			accounts.
Approved on Kkvivkc: 4E.'kw. .by Ihe board of				Trusfees and		signed on lts behalf by;
C,Mgls						.4, gina
TrusteeandDirector						st and Director

Summaiy Profit and Loss Account				2021 F	2020 f
Turnover					50,369
Less:
Administrative expenses				(1,309)	(3,156)
Net profit				(1,309)	47,213
Amount gifted to The Railway Convalescent		Homes		1,309	(16,763)
Inter-group trading:
Facgiges purchased from The Railway Convalescent			Homes		(30,450)
Retained in subsidiary
The assets and habUitles of the subsidiary	were
Current assets				38,222	38,222
Creditors: Amounts faglng due vsthin one	year			(37,837)	(37,837)
Aggregate share capital and reserves				385	385

INVESTMENT INCOME	INVESTMENT INCOME		2021	2020
			f	6
Income from managed	investments		227,463	314,574
Rents from investment	properties		77,037	78,619
Bank deposit interest				28
			304,500	393,221
The investment property	is stiown	in note 12.

SUPPORT COSTS		Continuing	Continuing
		Restricted	Ctiaritable	2021	2020
		Funds	Expenditure	6	6
Wages			115,559	115,559	428,668
Pension contnbutions			4,986	4,986	13,946
Food and Bar					17,476
Laundry and cleaning					703
Rates			24,865	24,865	8,814
Insurance			14,152	14,152	27,815
Light and heat			7,669	7,669	17,439
Entertainment for guests					1,480
Property maintenance			38,854	38,854	56,938
Telephone			3,195	3,195	2,740
Computer expenses			2,046	2,046	8,229
Printing, stationery	and postage		4,087	4,087	7,210
Travelling and accommodation			67	67	1,683
Staff uniforms			276	276	392
Training
Audit and accountancy			6,540	6,540	8,138
Professional fees			26,962	26,962	7,624
Bank charges					1,173
Irrecoverable VAT					9,734
Depreciation		17,958	1,443	19,401	18,776
Loss on dlsposai of	assets		(771)	(771)	104,984
		17,958	249,930	267,888	743,962

ANALYSIS OF STAFF COSTS AND NUMBERS
	2021	2020
Wages	90,755	403,865
Social secunty costs	24,804	24,804
Pension costs	4,985	13,945
	120,545	442,614

				Freehold	Freehold
				land and		Computer		Garden		2021	2020
				bugdings		equipment f		Equipment		Total f.	Total f
~Coo
At I January 2021				897,888			6,455			904,343	1,133,559
Additions								3,099		3,099
Disposals											(229,216)
At 31 December 2021				897,888			6,455	3,099		904,343	904,343
At I January 2021				151,483			5,257			156,740	238,365
Charge for year					17,958		698		745	19,401	18,776
Disposals											(100,401)
At 31 December 2021				169,441			5,955		745	176,141	156,740
Net book value
At 31 December 2021				728,447			500	2,354		731,301	747,603
FIXEDASSET INVESTMENTS FOR					CHARITY	AND	GROUP
								Listed		Investment	2021	2020
								investments f		property f	Totalf	Total
Market value at I January			2021					7,172,846		1,169,182	8,342,028	8,322,120
Addlgons								12,330			12,330
Disposals												(132,449)
Net investment gains	-	Realised										67,552
Net investmenl gains	-	Llnrealised						623,153		330,818	953,971	84,805
Market value at 31 December 2021								7,808,329		1,5DO, OOO	9,308,329	8,342,028
Historical cost at 31 December 2021								4,763,192		1,169,182	5,932,374	5,920,044
Listed Investments	at	market value			comprised:
UK fixed Interest secunbes											941,162	1,163,938
Overseas fixed interest		securities									71,142	62,748
Ul& equity stiares											1,701,623	1,511,046
Overseas equity stiares											3,986,383	3,658,703
UK property investments											3D5,360	176,583
Other investments											802,659	599,828
Investments gated on	a recognised			stock excliange							7,808,329	7,172,846
Investment managers'		capital account									281,374	337,138
											8,089,7D3	7,509,984

Analysis o	f market value	of investments between Ihose held within a	nd outside tlie United Kingdom:
			2021	2020
			Total 6	Totalf
UK LIsted	tnvestments		3,750,804	3,451,395
Overseas	Investments		4,057,525	3,721,451
Total Investmenls			7,808,329	7,172,846
Cash held	by investmenl	managers	281,374	337,138
			8,089,703	7,509,984


13	DEBTORS			~Gro u	~Cha	~Gros		Cliadty
				2021	2021	2020		2020
	Trade Debtors						1,656	1,656
	Prepaymenls			20,422	20,422		20,302	20,302
	Amounts due from trading		subsidiary		3,204			3,172
				20,422	23,626		21,958	25,130
14	CASH AT BANK AND	IN	HAND	~Grou	~Charll	~Gro	u	~Ch art t
				2021	2021	2020		2020
				6	f	k		6
	Bank current and deposit		accounts	120,348	116,764		59,435	55,850
	Petty cash			100	100		100	100
	Investment casts			281,374	281,374	337,138		337,138
				401,821	398,237	396,673		393,088
15	CREDITORS			~Gro u	~Charft	~Gros		~Char it
				2021	2021	2020		2020
				f		6		6
	Operating creditors			14,618	14,618		3,507	3,507
	Taxation and sooal security costs			2,744	2,744		10,358	10,715
	Other creditors			959	1,349		1,094	1,094
	Accruals and deferred	Income		6,775	6,775		6,775	6,775
				25,096	25,486		21,734	22,091