## ||||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.||| ## |9|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| ## ## ## ## ## ## ##