THE MERCURY CHAR￿ABLE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 13 AUGUST 2025
Charity No. 1154128

THE MERCURY CHARITABLE TRUST
CONTENTS PAGE
FOR THE YEAR ENDED 13 AUGUST 2025
Page
Legal and administrative details
Report of the trustees
Independent examinerfs report
Receipts and payments account
Statements of assets and liabilittes
Notes to the financial statements
9-12

THE MERCURY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 13 AUGUST2025
Trustees
A Fisher
C Fisher
M Glenn
Registered office
Place Cret Dessous 12
Epesses
1098
Charity number
1154128
Independent examiners
S Holmes ACA
Azets
River House
1 Maidstone Road
Sidcup
Kent
DA14 5RH
United Kingdom
Bankers
HSBC
8 Cork Str￿t
London
W1S 3LJ
United Kingdom

THE MERCURY CHARITABLE TRUST
TRUSTEES REPORT
FOR THEYEAR ENDED 13 AUGUST 2025
The trustees present their annual report and the financial statements of The Mercury Charitable Trust for
the period ended 31 December 2023. The accounts have been prepared in accordance with the
accounting policies set out on pages 9 to 10 of the attached accounts and comply wrth the charitys
Constitution and the Charities Act 2011 using the receipts arKI payments approach.
Objectives and activities
. The purposes of the charity as set out in its goveming document are as follows:
To advance the eduf2tion of the public. in particular but not exdusively, in the fields of financial
awareness and understanding-
To improve the health of the public through research into the prevention and the cure of any
disease or medical condttion"
To advance the protection of the environment in particular by promoting the more efficient use
of resources",
Such other objects and purposes in any part of the world as are exdusively charitable in
accordance with the laws of England and Wales.
The main activities undertaken in relation to those purposes for the public benefit related to awarding
grants to support the charitable objectives.
When setting'the aims of the charity, the trustees have cornplied with their duty under section 17 of the
Charities Act 2011 to have regard to the Charity Commission's guidance on public benefft.
Achlevements and perforniance
The Charity has continued to exercise pruden￿ in its donations and maintained close relationships with
the two main Charities that it supports- Stepping Stones Recovery College, a registered charity and The
University of Birmingham specifically in its support of the research department CHASM.
The Charity looks fotward to continuing its emphasis on education and endeavouring to improve the lives
of those who are disadvantaged though the promotion of vocational edu(2tional courses and primary
research in the areas of Financial exdusion and Financial education.
Financial review
Overview of the year
The Charity re￿iVed a totsl income of £140.250 in the year. with expenditure of £145.017 resulting in a
net loss of £4.767. The Charity made grants payments during the year totalling £145,000. The net loss
was lower.
Our funds
At 13 August 2025 funds totalled £1,113 (2024: £5,880) which were entirely unrestricted. It is the tx)licy of
the trustees to retain sufFicient unrestricted funds which, in their judgement, will mitigate the short-term
effect of income volatility and retain funds to generate sufficient income to meet current and future
operational activities of the charity. Formal policy will be agreed by the twstees in due course.

THE MERCURY CHARITABLE TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 13 AUGUST 2025
Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. this is from personal
wealth of the trustees and a relationship wtth key high net worth individual who will act as future donors.
They do however note that the cost of living crisis has had an impact on day-today fundraising efforts
and overall donations. For this reason, they continue to adopt the going cOn￿M basis in preparin9 the
rinancial statements.
Structure. governance and management
Constitution
The organisation is a charity registered with the Charity Commission. registered on 8 October 2013. The
charity was established under a Memorandum of Association. whith defined the objects and powers of
the charity. It is govemed under its Artides of Association.
Method of appointment or election of Trustees
Due to the charity being in its early stages of operation, there are only three Trustees. Going forward. the
appointment process will be a robust prO￿sS principally defined by the business. knO￿edge, and
development needs of the organisation. Where skills gaps occur. advertisetnents are targeted to ensure
these are filled and the balance skills. knowledge and expertise is maintained. Shorttisting and
assessment conducted principally through trustees.
Policies adopted for the induction and trainlng of Trustees
The Board of Trustees ensures that the comwsition and the breadth of experien￿ of its members are
sufficient for it to discharge its responsibilities. The charity has a trustee induction and training policy.
During the year the Trustees have been encouraged to keep up to date with wider sector knowledge and
relevant Charity Commission guidan￿, such as the Charity Commission 5-minute guides, have been
circulated. The Trustees have also been encouraged to attend the NCVO Trustee Training series.
Pay policy for senior stsff
There are no employees of the charity.
Organisational structure and decision-making
The charity for the purposes of charity law. The Board of Trustees is responsible for the overall
management and control of the charity. The Board of Trustees meets a minimum of 4 times a year.

THE MERCURY CHARITABLE TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 13 AUGUST 2025
Statement of Trustees. Responsibilities
The trustees are responsible for prepanng the trustees. report and a0￿Unts in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practi￿).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each
financial year which give a true and fair view of the situation of the charity and Of the income and
expenditure of the charwty for that period in preparing these accounts the trustees are required to:
Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent"
State whether applicable UK Accounting standards have been followed. subject to any material
departures disdosed and explained in the financial statements" and
Prepare the accounts on the going con￿rn basis unless it is inappropriate to presume that the
charty will continue to operate.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose wrth reasonable accuracy at any time the financial position
of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. the
applicable Charity (Accounts and Reporting) Regulations and the provisions of the charity's trust deed.
They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
So far as each of the trustees is aware at the time the report is approved:
there is no relevant audit infomiation of which the charty's accountants are unaware and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant accountant infomialion and to establish that the accountants are aware of that
information.
Approved by order of the mem
rs of the t)oard of Trustees and signed on their behalf by:
A Fisher
Trustee
Date:

THE MERCURY CHARrrABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 13 AUGUST 2025
I report to the charity directors on my examination of the a￿o￿nts of charity for the year ended 13 August
2025 which are set out on pages 7 to 12.
Responsibilities and basis of report
As the charity trustees of the charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 (the 2011 Act,).
Having satisfied myself that the accounts of the company are not required to be audited and are eligible
for independent examination, I report in respect of my examination of your company's accounts as carried
out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions
given by the Charity Commission under secknon 145(5)(b} of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in o)nnection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act;
or the accounts do not accord with those records: or
the accounts do not comply with the accounting requirements Con￿mIng the form and content of
accounts set out in the Charities (A￿OuntS and Rewrts} Regulations 2008 other than any
requirement that the accounts give a 'true and fair view. which is not a matter considered as part
of an independent examination.
I have no concems and have come across no other matters in connection wrth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Siobhan Holmes (ACA)
First Floor
River House
l Maidstone Road
Sidcup
Kent
DA14 5RH
Date= 27 April 2026

THE MERCURY CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT (GENERAL UNRESTRICTED FUND)
FOR THE YEAR ENDED 13 AUGUST 2025
Unaudited
Total
2024
Total
2025
INCOME FROM:
Donations and legacies
Interest
140,250
5.880
Totsl Receipts
140,250
5.880
EXPENDITURE ON:
Grants
Other expenditure
145,000
17
Total Payments
145.017
Net income and net movement in funds
Reconciliation of funds:
(4,767)
5.880
Reconciliation of funds:
Total funds brought foTward
5,880
Net movement in funds
14,767)
5,880
Total funds Ca￿led forward
1,113
5,880
All of the Charity's funds in the current yeaT were unreslricted.
The notes on pages 9 to 12 fomi part of the financial statements.

THE MERCURY CHARITABLE TRUST
STATEMENTS OF ASSETS AND LIABILITIES
AS AT 13 AUGUST 2025
Unaudited
2024
2025
Notes
Current assets
Cash at bank and in hand
1,113
5.880
1.113
5,880
Liabtlitie$- Amounts falling
due within one year
Net current assets
1.113
5,880
Total assets less current liabilities
1.113
5,880
Total net assets
1.113
5,880
Charity funds
Unreslricted funds
1,113
5,880
Total funds
1.113
5,880
These financial statements were approved and authorised for issue by the Trustees and signed on its
behalf by:
A Fisher
Trustee
Date..
The notes set out on pages g to 12 fonn part of these financial statements.

THE MERCURY CHAR￿ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 13 AUGUST 2025
GENERAL INFORMATION
The Mercury Charitable Tnjst, has charrty number 1154128. Its registered office is Place Cret
Dessous 12, Epesses, 1098.
ACCOUNTING POLICIES
2.1 Basis of preparation of financial statements
The financial Staterr￿nts have been prepared in accordance of with the r￿ipts and payments approach.
The Mercury Charttable Trust meets the definition of a public benefft entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
2.2 Going Concern
After making appropriate enquiries. the Trustees have a responsible expectation that the Foundation
has adequate reSoUr￿S to continue in operational existence for the foreseeable future. For this reason,
they continue to adopt the going conc£m basis in preparing the financial statements.
2.3 Fund Accounting
General funds are unrestricted fijnds which are available for use at the dIs￿tion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for the other
purposes.
2.4 Income
All income is ￿CogniSed once the Charity has entrtlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably. IncDme
comprises of donations and interest.
2.5 Expenditure
Expenditure is accounted for on an accruals basis and has been induded under expense ￿tegOrieS
that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular
activities they have been allocated on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertakyng the activities which further the
Charitys objectives. as well as any associaled support costs.
Grants payable are charged in the wriod when the offer is made ex￿pt in those cases where the offer is
conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.
Grants offered subject to condttions which have not been met at the period end are noted as a
commitment, but not accrued as expenditure.

THE MERCURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 13 AUGUST 2025
ACCOUNTING POLICIES (Continued)
2.6 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Critical accounting judgements or estSmatlon
The trustees do not consider there to be any significant judgements or sources of estimation
uncertainty in relation to the preparation of the financial statements.
2.8 Taxation
The Charity is ￿nsidered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010
and therefore it meets the definition of a charitable company for UK corporalion tax purposes. Accordingly,
the Charity is potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of
Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable
purposes.
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