30 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,497 966 1,531 xbrli:pure xbrli:shares iso4217:GBP 4219081 2023-04-01 2024-03-31 4219081 2024-03-31 4219081 2023-03-31 4219081 2022-04-01 2023-03-31 4219081 2023-03-31 4219081 2022-03-31 4219081 bus:Director20 2023-04-01 2024-03-31 4219081 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 4219081 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 4219081 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 4219081 core:WithinOneYear 2024-03-31 4219081 core:WithinOneYear 2023-03-31 4219081 core:AfterOneYear 2024-03-31 4219081 core:AfterOneYear 2023-03-31 4219081 core:RetainedEarningsAccumulatedLosses 2024-03-31 4219081 core:RetainedEarningsAccumulatedLosses 2023-03-31 4219081 core:DeferredTaxation 2023-04-01 2024-03-31 4219081 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 4219081 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 4219081 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 4219081 core:DeferredTaxation 2023-03-31 4219081 core:DeferredTaxation 2024-03-31 4219081 bus:SmallEntities 2023-04-01 2024-03-31 4219081 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 4219081 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4219081 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 4219081 bus:FullAccounts 2023-04-01 2024-03-31 4219081 core:OfficeEquipment 2023-04-01 2024-03-31 4219081 core:OfficeEquipment 2023-03-31 4219081 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 4219081
COMMUNITY RAIL NETWORK
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
COMMUNITY RAIL NETWORK
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
7
75,325
86,519
CURRENT ASSETS
Debtors
8
411,650
331,096
Cash at bank and in hand
1,523,328
1,623,026
--------------
--------------
1,934,978
1,954,122
CREDITORS: amounts falling due within one year
9
886,421
879,233
--------------
--------------
NET CURRENT ASSETS
1,048,557
1,074,889
--------------
--------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,123,882
1,161,408
CREDITORS: amounts falling due after more than one year
11
869,713
952,765
PROVISIONS
12
1,531
2,497
--------------
--------------
NET ASSETS
252,638
206,146
--------------
--------------
COMMUNITY RAIL NETWORK
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Profit and loss account
252,638
206,146
-----------
-----------
MEMBERS FUNDS
252,638
206,146
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 August 2024 , and are signed on behalf of the board by:
Jeremy Whitaker
Director
Company registration number: 4219081
COMMUNITY RAIL NETWORK
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Old Water Tower, Huddersfield Railway Station, St George's Square, Huddersfield, HD1 1JF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Grants received Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Current and deferred tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
Over the life of the lease
Equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. COMPANY LIMITED BY GUARANTEE
Community Rail Network is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. RESTRICTED TURNOVER
Turnover includes a grant received from "Paths for All" of £43,815 (2023:£33,988), the grant is restricted and was received to create, promote and maintain safe, welcoming community paths and active routes for everyone. All the grant has all been spent during the year on the purpose intended.
6. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 30 (2023: 30 ).
7. TANGIBLE ASSETS
Long leasehold property
Equipment
Total
£
£
£
Cost
At 1 April 2023
127,685
59,937
187,622
Additions
5,270
5,270
Disposals
( 1,542)
( 1,542)
-----------
---------
-----------
At 31 March 2024
127,685
63,665
191,350
-----------
---------
-----------
Depreciation
At 1 April 2023
54,309
46,794
101,103
Charge for the year
5,241
10,189
15,430
Disposals
( 508)
( 508)
-----------
---------
-----------
At 31 March 2024
59,550
56,475
116,025
-----------
---------
-----------
Carrying amount
At 31 March 2024
68,135
7,190
75,325
-----------
---------
-----------
At 31 March 2023
73,376
13,143
86,519
-----------
---------
-----------
8. DEBTORS
2024
2023
£
£
Trade debtors
360,809
296,431
Other debtors
50,841
34,665
-----------
-----------
411,650
331,096
-----------
-----------
9. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
15,348
7,033
Social security and other taxes
77,054
73,316
Sundry creditors
347,257
242,584
Grants received in advance
93,083
Other creditors
446,762
463,217
-----------
-----------
886,421
879,233
-----------
-----------
10. GRANTS FUNDS
Opening balance
Funds received
Grants approved
Closing balance
£
£
£
£
Small grants fund England
1,451
60,000
(59,185)
2,266
TfGM small grants
17,745
30,000
(12,838)
34,907
SWR small grants
14,063
11,121
(12,154)
13,030
Integration fund
15,426
48,000
(56,637)
6,789
CRDF fund
105,224
262,873
(364,911)
3,186
Transport Scotland
1,500
1,500
-----------
-----------
-----------
---------
155,409
411,994
(505,725)
61,678
-----------
-----------
-----------
---------
The Department for Transport and other bodies make available each year a fund for the Community Rail Network to distribute to qualifying schemes. Generally, the schemes involve community activities and small station improvements organised by member community rail partnerships and station volunteer groups.
The unspent balance at the year end represents grants which have been approved for schemes which have not yet been completed or funds that are carried forward to the following year.
11. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Grants received in advance
869,713
952,765
-----------
-----------
12. PROVISIONS
Deferred tax (note 13)
£
At 1 April 2023
2,497
Charge against provision
( 966)
--------
At 31 March 2024
1,531
--------
13. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 12)
1,531
2,497
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
1,531
2,497
--------
--------