2022-12-31-accounts - The Railway Community Homes

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			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		12-17

The Directors of ttie Charitable	The Directors of ttie Charitable	Company	Company	(The Chanly) are its	Trustees for the purpose	Trustees for the purpose	Trustees for the purpose
Trustees and Officers servmg		during	the	period and since the	year		end were as follows
				P C Moakes
				S.J. Brook
				C C. Mills
				A. D. Sugden (Resigned			16/03/22)
				WJ.Collins
				P. E. O'Hare
				C. Donovan
				D R. Drome
				B.J. Davenport
				G.P. Isom
				LE,Fartsy (Appointed		21/09/22)
				C R Selway (Appointed			21/09/22)
COMPANYSECRETARY				A B.Conyard
REGISTERED	CHARITY NUMBER			1142608
COMPANY REGISTRATION		NUMBER		07109869
REGISTERED	OFFICE			Brtdge House
				2 Church Street
				Dawlish
				Devon
				EX7 9AU
INDEPENDENT AUDITORS				Casson Beckmsn
				Murrllls House
				48 East Street
				Portchester
				PO16 9XS
LEGAL ADVISORS				Hunters
				9 New Square
				Lincoln's Inn
				London
				WC2A 3QN
BANKERS				Lloyds TSB
				PO Box1000
				Andover
				BX1 1LT
INVESTMENT	MANAGERS			Serasin & Partners	LLP
				Juxon House
				100St Paula Churchyard
				London
				EC4M SBU
				M&G Investments
				PO Box9039
				Chelmsford
				CM99 2XF

					C	tl ic	el**	tl	d	0	ti	I 9
				u	0 td	p tow f d	U ~ntmr		d	n tlodf			d	Ttlf d	T	0 p I~II		Ch Tebt	dty f W	cn my Trlfm
							y*	ed							y		d d	y	d d	y		d d
					sin	I»	310		I	31	n			SI 0	sl	0		310	t	31	0
					2022		2022				2022			2022		2021		2022			2021
			Note											6					6			6
INCOME
Donations and legacies						213								213					213			500
Income from chergeble	activities
Ccntnbuttons								3,007						3AM7			3 909		3,007			3,909
Investment Income						299,903								299,903		304,500		299,9$3				304,500
Totallncomlng resources						300,196		3,007						303,203		300,909		303,203				300,009
EXPENDITURE
Cost of raising funds
Trading expenses																	1,309					1,309
																	1,309					1,309
Nat Incoming resources		available for
charitable eppgcatlon						300,196		3,007						303,203		307,MO		303,203				307,600
Expenditure on charitable		acgvltles
Support costs			7			273,784						17,95$		291,742			267,008	291,742				207,808
Net tncomlngl(outgoing)		resources	for the
year before recognised	galtts and losses					26,412		3,007			(17,950)			11,461			30,712		11,461			39,712
Other recognised gains	and losses
Unreagsed Investment
(lossesygelns			10			(034,002)								(034,002)		953,971		(034,802)				953,971
Unrealsed cash losses						(129,975)								(129,975)			(65,764)	(120,975)				(55,764)
Realised Investment garne						10,002								10,062			12,330		10,062			12,330
Net movemant In funds						(020,303)		3,007			(17,958)			(943,254)		950,249		(943,254)				950,249
Reconcgiagon offunds
Totalfunds broughtfonvard			14			0,119,679					2,316,713			10,430,392	9,400,143			10,436,392			9,486,143
Transfer between funds			14			(17,950)						17,956
Fund balences carrlsd
forward et 31 December	2022		14			7,173,410		3,007			2,316,713			9,493,138	10,436,392			9,4M,130		10,436,392

								Year Ended	Year Ended
								31 December	31 December
								2022	2021
								6	6
Income
Contnbutions								3,007	3,909
Investment	income							299,983	304,500
Voluntary income								213	500
Total Income								303,203	308,909
Expenditure
Trading expenses									1,309
Expenditure	on chentable		activities					291,742	267,888
Total Expenditure								291,742	269,197
Surplus for ths year before				Other	recognised	gains	and	11,461	39,712
losses
Other Recognised		gains and		tosses:
Realised gains	on disposal		of investments					10,062	12,330
Surplus before and		after tax						21,523	52,042

		tefggg	@mls	QLqgE	JBtflh
		2022	2022	2021	2021
	Note			5	f
FIXEDASSETS
Tangible assets	9	712,570	712,578	731,301	731,301
Investments	10	8,483,589	8,403,589	9,300,329	9,308,329
TOTAL FIXEDASSETS		9,196,167	9,196,167	10,039,630	10,039,630
CURRENT ASSETS
Debtors	11	21,960	25,180	20,422	23,626
Cash at bank snd In hand	12	300,027	297,022	401,821	398,237
TOTAL CURRENTASSETS		322,687	322,202	422,243	421,863
LIABILlllES
Creditors falling due within one year	13	(25,818)	(26,816)	(26,096)	(25,486)
NET CURRENT ASSETS		296,971	296,586	397,147	396,377
TOTAL ASSETSLESSCURRENT	LIABILITIES	9,493,130	9,492,753	10,436,777	10,436,007
THE FUNDS OF THE CHARITY:
Unrestricted income funds	14	7,176,040	7,178,040	0,119,679	8,119,284
Non-charitable trading funds	14	385		305
Permanent endowment funds	14	2,318,713	2,318,713	2,316,713	2,310,713
TOTAL CHARITY FUNDS		9,493,138	9,492,753	10,436,777	10,436,007

4	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES															2022	2022		2021
																				6
	Dnbms																			213		500
5	INCOME FROM SUBSIDIARY'6					TRADING			ACTNITIES
	Ths Chergy has a wtmgy			owned		Irading		subsidiary,				RCH	Um led	wNch	t	reglst		r d m	England	and Wales,		Company
	number 2897315 RCH		Umited		ts	currently		dormant			due to		Ihs dosure of Ihe			Chanly		s operal	onal factly.
	Summery ProSt and Lo			A count															2022			2021
																				E		L
	Admlnwt og expenses																					(1,309)
	Nst prof l																					(1,3IN)
	Amount gift d to Tl R		gway Corwalescent						Home													1,309
	Retained In subsidiary
	The assets eml0ebgtles		ofthe subsk0ary were
	Cuomit ass fa																			3,584		3,584
	Creditors Amounts fatgng			due w Ihln			one year													(3 199)		(3,199)
	Aggregate share capital		and res		rvas
	please refer lo the Tr stees R pxl						end Nme			I and	21, Ih		dosme	of Ihe	con		alescent Home has			also meant tttst Ihe
	trading company hes ceased trading						for gte	foreseeebls				future
8	INVESTMENT INCOME																		2022			2021
																				6		6
	Income from managed		nvestmente																224,837			227,463
	Rents frcm Investment	propedles																	75,146			77,037
																			299,983			304,500
	The investment propsdy		Is	shovm		In	note 10
7	SUPPORT COSTS															Continuing			Continuing
																R*slri ted			ChsrNable			2022	2021
																	Fund		Exp ndit r			E	L
	Wages																		130,218			130,218	115,659
	Pension contnbuttons																			5,796		5,796	4,986
	Rates																			5,329		5,329	24,885
	I Buf8nra																		19,404			19,404	14,152
	Light and heel																			6,321		6,321	7,659
	Propmty mamtenance																		61,744			81,744	38,854
	Temp none																			2,894		2,894	3,195
	Computer expenses																			2,049		2,049	2,046
	Printing, etagonery and	postage																		3,726		3,725	4,087
	Traveglng and accommodation																			118		116	67
	Staff u iforms																			260		260	275
	Audit and accountanay																			7,061		7,081	6,540
	Professional fees																		28,300			28,300	26,962
	DeprecleUon Lose oh disposal ofassets																	17,958		765 (200)	18,723 ~200		19,401 ~yyf
																		17,958	273,784			291,742	267,885
	These costs have been		apporgoned				on e usage			baste
	The auditors remuneration			relate		to	suds and accountancy						semca	f ribs	y	r

			Freehold	Freehold
			land and		Computer		Garden	2022	2021
			bugdlngs		equipment		Equipment	Total	Total
						5		5	L
At I January 2022				897,080		6,455	3,099	907,442	904,343
Additions									3,099
At 31 December 2022				897,888		6,455	3,099	907,442	907,442
AII January 2022				169,441		5,955	745	176,141	156,740
Charge for year				17,950		176		18,723	19,401
At 31 December 2022				187,399		6,131	1,334	194,864	176,141
Net book value
At 31 December 2022				710,489		324	1,765	712,570	731,301
FIXED ASSET INVESTMENTS FOR CHARITY AND						GROUP
							Listed	Investment	2022	2021
							Investments	property	Total	Total
							6	5	F.	5
Market value at I January 2022							7,808,329	1,500,000	9,300,329	8,342,028
Addibons							10,062		10,062	12,330
Net investment gains	-	Unreagsed					(834,802)		(834,802)	953,971
Market value st 31 December 2022							6,983,589	1,500,000	8,483,589	9,308,329
Historical cost at 31 December			2022				4,773,254	1,169,182	5,942,436	5,932,374
Listed investments	at	market value		comprised:
UK fixed interest securities									1,030,281	941,162
Ovemeas fixed interest		securities							57,10O	71,142
Equities									4,682,364	5,688,006
UK property Investments									301,959	305,360
Other investments									901,805	802,659
Investments listed on	a recognised		stock exchange						6,983,589	7,808,329
Investment managers'		cash account							151,399	281,374
									7,134,988	8,089,703

«	DEBTO	RS										~Grou	~Ch art t	~Gro u	C~her
												2022	2022	2021	2021
	Prepeyments											21,960	21,960	20,422	20,422
	Amounts	due		from		trading	subsidiary						3,220		3,204
												21,960	25,180	20,422	23,626
12	CASH AT BANK				AND IN		HAND					Grourt	~Charlt	~Gro u	Charity
												2022	2022	2021	2021
												5		5	8
	Bank current			and	deposit		accounts					149,085	145,480	120,348	«e,7e4
	Petty cash											100	100	100	100
	Investment		cash									151,443	151,443	281,374	281,374
												300,627	297,022	401,821	398,237
13	CREDITORS											~Grou	~Charlt	~Grou	Char)D
												2022	2022	2021	2021
												5		5	5
	Operalmg	credaors										15,406	15,406	14,618	14,618
	Taxaeon	and		social security costs								2,806	2,806	2,744	2,744
	Other creditors											1,033	1,033	959	1,349
	Accruals	end		deferred income								6,371	6,371	6,775	6,775
												25,616	25,616	25,096	25,486
14	NET MOVEMENT					IN CHARITABLE				FUNDS
	Analysts	of	unrestricted				fund movements
				Balance as at					Incoming		Resources	Investment	Transfer to	Balance as at	Balance es at
				01.01.2022				resources			expended	gains/	restricted	31.12.2022	31.12.2021
												(losses)	fund
	General
	purpose	Fund				8«9	2g4			3032M	(273,784)	(954,715)	(17,958)	7,176,040	8,«9,294
	Non-
	chentable
	tradmg funds						385							385	385
						8,«9,679				303,203	(273,784)			7,178,425	8,«9,679
	Analysis	of	restricted fund movements
				Balance as at					Incoming		Resources	Investment	Transferfrom	Balance as at	Balance as st
				01.01.2022				resources			expended	gains/	un-restricted	31.12.2022	31.12.2021
												(losses)	fund
	Permanent
	endowment					2,316,713					(17,958)		17,958	2,316,713	2,316,713
15	ANALYSIS OF GROUP ASSETS								BETWEEN		FUNDS
												Unrestricted	Restricted	Total	Balance as et
												Funds	Funds	Funds	31.12.2021
														8	6
	Tangible	8xed		assets								2089	710,489	712,578	731,301
	Fixed assetinvestmenls											6,983,589	1,500,000	8,483,589	9,308,329
	Cash et bank			and	In hand							300,627		300,627	401,821
	Other net	current			gabeities							(3,656)		(3,656)	(4,674)
												7,282,649	2,210,489	9,493,138	10,436,777