North Yorkshire Moors Railway General Discussion

Given that the stolen lead hasn't been replaced on Pickering station roof, I don't think many will object to CCTV being installed and with the IT infrastructure existing on the railway now, probably not hard to implement.

Sawdust.

 

The bit I pasted was yes, but there were a lot of results including links to other railways matching the general message that admin is used to put any required to run overheads under. Not what i would have thought but I have seen this sort of thing before with accounts.

 

I would have expected rolling stock and PWay maintenance to be itemised separately. If all this is "administration" why don't they just back to basics and lump everything together as "cost of sales" and a second line against it as "income" . Accounts made very basic - simples! (but only marginally less informative than what they have done!) They employ a team of accountancy people, and an expensive FD to produce this?

 

The question is, Did it raise any useful amount of money?

 

The accounts submitted to Companies House and on the public register only have to comply with FRS102 rules (google it). The annual accounts are a snapshot of the state of the company’s finances on the day of publication.

The breakdown of expenditure between staff salaries, ballast, coal, brake blocks, electricity, photocopier toner, and everything else it takes to run a railway company; are detailed in the management accounts. These days the management accounts will be done on financial software or online platforms eg Sage, Xero, QuickBooks, etc.

I’m sure the usual suspects on here, those who are critical of the leadership and senior management of NYMR; would dearly love to have access to he management accounts!
That won’t happen, unless you become a member of staff in the accounts department, a member of the SMT, a trustee or director.

 

A fellow member as Chris of “the General Managers’s *Curry Club”, your erstwhile Operations Director MG, has a view that for a preserved railway to survive surrounded by a declining volunteer base in part caused by changes to civil service et al retirement ages, and constantly increasing costs, the ideal length is no more than 5 or 6 miles so that it can run a reasonably frequent service with one train for most of the year.

* of course they are not General Managers these days, they are CEOs.

 

This is the same entity which managed to turn a 'loan' into a 'profit' - and all within accounting rules!

It's probably worth remembering that the publicly presented accounts of a company are intended only to give outsiders an accurate impression of whether the company is succeeding, or failing, financially - not to provide enough information to allow an outsider to work out how, or where, a company which is failing financially is doing so.

Noel