Community Rail Network Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4219081

COMMUNITY RAIL NETWORK

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

COMMUNITY RAIL NETWORK

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	7		29,087		75,325

CURRENT ASSETS

Debtors	8	856,876	411,650
Cash at bank and in hand		1,357,607	1,523,328
		--------------	--------------
		2,214,483	1,934,978

CREDITORS: amounts falling due within one year	9	1,187,916		886,421
		--------------		--------------
NET CURRENT ASSETS			1,026,567		1,048,557
			--------------		--------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,055,654		1,123,882

CREDITORS: amounts falling due after more than one year	11		779,332		869,713

PROVISIONS	2,214	1,531
	--------------	--------------
NET ASSETS	274,108	252,638
	--------------	--------------

COMMUNITY RAIL NETWORK

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Profit and loss account	274,108	252,638
	-----------	-----------
MEMBERS FUNDS	274,108	252,638
	-----------	-----------

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 2025 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 13 August 2025 , 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 2025

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 the following restricted grants received:

"Paths for All" grant of £28,672 (2024:£43,815), 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 been spent during the year on the purpose intended.

"Motability Travelling with Confidence" grant of £20,554 (2024:£Nil), the grant is restricted and was received to deliver travel training programmes that enable beneficiaries to use trains and buses for independent travel. All the grant has been spent during the year on the purpose intended.

6. STAFF COSTS

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Operational, administrative and management staff	20	21
Board of directors	9	9
	-----	-----
	29	30
	-----	-----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	689,739	686,075
	-----------	-----------

The directors are unpaid, the work they carry out is on a voluntary basis.

7. TANGIBLE ASSETS

	Long leasehold property	Equipment	Total
	£	£	£
Cost
At 1 April 2024	127,685	63,665	191,350
Additions	–	8,757	8,757
Disposals	–	( 4,088)	( 4,088)
	-----------	---------	-----------
At 31 March 2025	127,685	68,334	196,019
	-----------	---------	-----------
Depreciation
At 1 April 2024	59,550	56,475	116,025
Charge for the year	49,005	5,989	54,994
Disposals	–	( 4,087)	( 4,087)
	-----------	---------	-----------
At 31 March 2025	108,555	58,377	166,932
	-----------	---------	-----------
Carrying amount
At 31 March 2025	19,130	9,957	29,087
	-----------	---------	-----------
At 31 March 2024	68,135	7,190	75,325
	-----------	---------	-----------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	483,941	360,809
Other debtors	372,935	50,841
	-----------	-----------
	856,876	411,650
	-----------	-----------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	44,339	18,002
Corporation tax	19,556	15,348
Social security and other taxes	85,064	77,054
Sundry creditors	328,924	347,259
Grants received in advance	218,117	–
Other creditors	491,916	428,758
	--------------	-----------
	1,187,916	886,421
	--------------	-----------

10. GRANTS FUNDS

	Opening balance	Funds received	Grants approved	Closing balance
	£	£	£	£
Small grants fund England	2,266	75,000	(76,200)	1,066
TfGM small grants	34,907	–	(30,441)	4,466
SWR small grants	13,030	10,917	(14,000)	9,947
Integration fund	6,789	–	(77)	6,712
CRDF fund	3,186	346,000	(298,411)	50,775
Transport Scotland	1,500	–	(1,500)	–
Motability TwC fund		35,000		35,000
	---------	-----------	-----------	-----------
	61,678	466,917	(420,629)	107,966
	---------	-----------	-----------	-----------

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

	2025	2024
	£	£
Grants received in advance	779,332	869,713
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