The Railway Community Homes
Operation of convalescent care centre in Devon for use by employees or former employees of the railway.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net gain on the movement of funds of £336,469 for the year ended 30 December 2024, driven largely by gains on investments. The charity holds unrestricted reserves of £30,458, which is significantly below its stated policy target of maintaining three to six months of expenditure. Despite the closure of its operational care facility, the trustees consider the charity to be a going concern due to its asset base and income streams.
What the accounts disclose
“The most significant income source for the Charity is from Investments and rent.”
“At the 30 December 2024 the Charity held funds totalling £10,071,809 (2023 £9,735,340) of which the Charity had unrestricted funds of £74,148 (2023 £7,418,625) and Permanent Endowment Funds of £9,997,661 (2023 £2,316,713)” — page 7
Register events
- Received assets from another charity (21/03/2013)
Trustees
- Stephen Brookchair
- Barbara Jill Davenport
- CHRISTOPHER DONOVAN
- COLIN MILLS
- David Robert Crome
- Graham Paul Isom
- John Collins
- Luke Elliot Farley
- Mary O'Neil
- PETER CHRISTOPHER MOAKES
- PHIL O'HARE
- Rachel Stoneham
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £316k | £584k |
| 31/12/2023 | £304k | £430k |
| 31/12/2022 | £303k | £292k |
| 31/12/2021 | £309k | £269k |
| 31/12/2020 | £480k | £749k |
Common questions
Is The Railway Community Homes financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net gain on the movement of funds of £336,469 for the year ended 30 December 2024, driven largely by gains on investments. The charity holds unrestricted reserves of £30,458, which is significantly below its stated policy target of maintaining three to six months of expenditure. Despite the closure of its operational care facility, the trustees consider the charity to be a going concern due to its asset base and income streams. Its FY2024 accounts were audited by BK Plus Limited.