Charity number: 1177988
MERCER FAMILY CHARITABLE FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
WR
Partners
Protecting your future.

MERCER FAMILY CHARITABLE FOUNDATION
CONTENTS
Page
Reference and admlnlstrative details of the Charity> its Trustèès and advisers
Trustees, report
Independent examlner's report
Stalement of finan¢lal activities
Balance sheet
Notes to the financial statements
9.15

MERCER FAMILY CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Roger Mallaber Mercer, Chair
Kathryn Julie Mercer
Henriella Tamsin Mercer
Robert Percy Mercer
Sally Louise Mercer
Atec Roger Mercer
Philipa Jane Mercer
Thomas Alexander Mercer
Charity registered
numb8r
1177988
Principal office
Blakenhall Park
Barton Under Ne&dwcM)d
Burton on Trent
DE13 8AJ
Accountants
WR Partners
Chartered AccoLsnl8nts
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Page 1

MERCER FAMILY CHARITABLE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the fin8n¢ial statements of the Charity for the year from 1
October 2023 10 30 September 2024.
Objectives and activities
a. Policies and objectives
Mercer Famiiy Charitak)le Foundation {fDrmerly known as The Mercer Charitable Foundalionl seeks to 88sisI the
charitable activities of organisalions and individuals for such charitable purposes for the public benefit as are
exclusively charitable according to the laws of England and Wales as the Iruslees may from lime lo lime
delemine
In selling objectives and planning for aclivilies, the Trustees have given due COns￿eration lo general guidance
published by the Charity Commission iel8ting to public benefit, including the guidance 'Publlc benefit.. running a
charity IPB21'.
b. Slrategles for achieving objectives
Mercer Family Charitable Foundglion supports aGlivilies and inilialives Tun by organisalions - including charities
and community groups- that deliver b@nefit in one or more of the following qualifying categories..
Education.. support of educational opportunities and initiatives p8rt1cularly in the field of famiing, agriculture and
food.
Heallhc8re.' benefit of heafth and relief of sickness or suffertng particularly in respect of childr8n and adults
suffering frorn incurable illnesses.
Community.. support for community facilities in Slaffordshire la.g. c(mmunity spaces and acliviliesl with the
aim of improving the lives of local people with particular need due lo age, ill-health. disability, homelessness,
financial hardship or other disadvantages.
International.. support for community projects in Ghana with the aim of improving the lives of local peopl&
through eduealion, healthcare, and kinder9arteM facilities.
Grant-making poli¢ie$
Any application for funding musl fil within one or more of the above qualrfying categoriès. It must be noted that
consideration by the Trustees, does not guarantee provision of gr8nl funding.
The Trustees are agreeable lo working in partnership with other grant making bodies where funLting for a project
is beyond the scope of any single organisation
Achièvements and performance
a. Maln achlevements of the Charity
The Foundation continued lo support a range of charities across the previousty established are8s of al Education
{30'/a of donalionsl bl Healthcare 123°/o of donalionsl and cl Community 1470A ol donalionsl, 'Communily'
includes food poverty, homÈlessness, inclusion for disabled children, and village projects in Ghana. The
Foundation continues to learn from and evaluate the sectors il supports.
Page 2

MERCER FAMILY CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resource5 to Gonlinue in operational existènce for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial slalemenls. Further details r6garding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
Resenjes al 30 September 2024 amounted lo £467.785 {2023'. £453,086). The Trustees aim lo holtl two years,
funds in reserve. This currently equates lo £400,000.
The free reserves are made up of unrestricted funds which are the total nÈl assets of the Charity. The Charity
made a surplus of £14,699 during the year12023'. £-24,361 deficill.
Structure, governan¢e and management
Constltutlon
hhercer Fami5y Charitable Foundation is a Charitable Incorporated Organisalion. number 1177988. and is
consliluled under a Trust deed. 11 is registeTed with th6 Charity Cornmission IEngland & Wales),
b. Methods of appointmant or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Every trustee musl be appointed for a lem) of three years by resolution passed at a property convened meeting
of the ¢harity trustees. The charity trustees must have regard lo the skills, knowledge and experience needed for
effective adminislralion of the CIO.
The Trustees are tturrenlty all members of the Mercer family.
Organlsational strLFCture alld declsion-making pollcles
Any decisiorl may be taken either at a meeting of the Charity TTuslees, or by resolution in writing or electronic
form agreed by a majority of all charity trustees, which may comprise either 8 single document or several
documents containing the text of the resolution in like form lo each of which one or more charity Iruslees has
sigriified their agreement.
d. Flnancial risk management
The Trustees have assessed the major Tisks lo which the Charity is exposèd. in particular those related lo the
operations 8nd finances of the Charity, ané are satisfied that systems and procedurtts are in place lo miligale
exposure lo the major risks.
Page 3

MERCER FAMILY CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance wilh
applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting
Practice).
The law applicable lo charities in England & Wales requires the Trustees to prepare financial slalements for
each financial which give a true and fair view of the slate ol affairs of the Charity and of ils incoming resources
and application of rgsouices, including ils Income and expenditure, for that period. In preparing these finanGial
51alemenls, the Trustees are required to..
select suilable accounting F>Dlicies and then appb/ them Gonsislenlly.,
obseNe the methods and principles of the Charities SORP (FRS 102)..
make judgments and accounting eslimales that are reasonable and prudent.,
slal¢ whether applicable UK Accounting Siandards IFRS 102} have been followed, subject lo any material
(fepartures disclosed and explained in the financial slalemenls..
prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequatè accounting records that are sufficieftl lo shcm and explain
the Charills Ir8nsaclions and disclose wlh reasonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial Statements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the TrL(sl deed. They arts also responsible for
safeguarding the assets of tho Charity and hence for taking reasonable steps for the prèvention and dete¢tion of
fraud and other irreoularilies.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Roger
(Trusleel
laber Mercer
D8te'.
Page 4

MERCER FAMILY CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent Examlnerfs Report to the Trustees of M6rcer Family Charitable Foundatlon I'the
Charity'l
I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 30
September 2024.
Responsibilities and Basls of Rèport
As the Trustees ol the Charity you are responsible for the preparation of the accounts in accordance with the
reqijirements of the Charities Act 2011 I'lhe 2Q11 Act,).
I report in respect of my examination of the Charills accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145151(bl of the 2011 Act.
Page 5

MERCER FAMILY CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent Examiner's Ststement
sin￿ the Charills gross income exceeded £250,000 yOLJr examiner musl be a member of a body listed in
section 145 of the 2011 Act. l confirm that l am qualified to undertake the examination because l am a MeMk￿r
of lenler body here), which is one of the listed bodies.
Your attention is drawn to the fact Ihal the Charity has prepared the accO￿nIS in accordance with Accounting and
Reporting by Charities." Slalement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the FirTrancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in
preference lo the Accounting and Reporting by Charitl8s'. Slalemenl of Recommended Practi￿ issued on 1 April
20Q5 which is referred lo in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with
the Generally Accepted A¢¢ounling Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with the
examination giving me cause lo believe that in any material respect..
a¢counling records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records., or
the accounts do nol comply wth the applicable requirements ¢oncerning the forrn and content of
accovnts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the 8ccounls give a 'true and fairf view which is not a maller considered as part of an independent
examination.
I have no concerns And have come across no olheT mallers in connection wlh the examin81ion lo which
allentson should be drawn in this report in order to enable a proper understanding of th6 accounts to be reached.
This r&port is made solely to the Charitls Trustees, as a body, in accordance with Part 4 of the Charities
IAGGounls anL4 Reports) Regulations 2008. My work has boen undertaken so that I might slate lo the Charills
Trustees those rratlers l am required lo slate lo them in an Independent examinerfs report and for no other
purpos6. To the fullest exlenl permitted by law, I do not accept or 8SSUMe responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed-.
Dated.. 1310312025
T Lunt
BA IHonsl FCCA MTPI
WR Partners
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Page 6

MERCER FAMILY CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
281,738
5.165
281,738
5,165
199, 889
296
Total income
286,903
286,903
200, 185
Expenditure on:
Charitable activities
272,204
272,204
234,546
Total expandilure
272,204
272,204
234,546
Net movement in funds
14,699
14,699
(34,361)
Reconclllation of fund5:
Total funds brought foNard
Nel movement in funds
453,086
14,699
453,086
14,699
487,447
(34,361)
Total funds carrled foEward
467,785
467,785
453,086
The Stslemenl of Financial Activities includes all gains and108ses recognised in the year.
The notes on pages g 10 15 form part of Ihese linancial slat@m6nls.
Page 7

MERCER FAMILY CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Note
Fixed assets
Current assets
Cash al bank and in han(1
475.771
454,814
475.771
454.814
Creditors.. amounts falling due within one
year
17,9861
11, 728)
Net current assèts
467,785
453,086
Total assets less current Ilabilities
467,785
453,086
Total net assets
467,785
453,086
Charlty funds
Reslricled funds
Unreslricled funds
10
10
467.785
453,086
Total funds
467,785
453,088
The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behaK by..
Rog
ITrusteel
allaber Meycer
Dale,.
2>7a/x5
The notes on pages 9 to 15 form part of these financial slalements.
Page 8

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
General information
The Mercer Charitable Foundation is 8 Charitable Incorporated Organisalion registered 17 April 2018.
The Mercer Family Charitable Foundation supports activities and inilialives run by organisalions
including charities and community groups that deliver benefit in one or more of the following categories.,
Education. Healthcare, Community.
Accountlng policies
2.1 Basis of preparation of financlal statomgnts
The financial stattsments hav8 been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Slalemenl ol Re¢ommended Practice applicable lo ¢harilies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ire18nd IFRS 1021 (effective 1 January 20191, the Financial Reportin9 Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011.
The financial slalemenls have been p¥epared lo give a 'lrue and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo the extent requir8d lo provide a 'ltue
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Ac¢ounling and Reporting by Charities.. Slalemenl of ReGommended
Practice effective from 1 ApTiI 2005 whi¢h has since been withdrawn.
Mercer Family Charitable Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical co81 or transaction value unless otherwise
staled in the relevant accounting policy.
2.2 Income
All income is recognised onse the Charity has entitlement lo the Income, il is probable that the
income will be received and the amount of Income receivable can be measured reliably.
Income lax recoverable in relation lo investm8nl income is recognised al the lime the investment
income is re￿1vable.
Page 9

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting polici8s Icontinuedl
2.3 Expenditure
ExpendilLsre is recognised once there is a legal or conslruclive obligation lo transfer economic benefit
to a third party, il is prob8blè that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. E4)enditure is classified by 8clivily. The costs
of each activity are rnade up of the lolal of direct ¢osls and shared costs, including support costs
involved in undertaking each aclivily. Direct costs allribulable lo a singltr activity are allocated directly
lo that activity. Shared costs which contribute lo more than one 8Ctivily and support costs which are
not attributable to a single activity are apportioned befvJeen those activities on a basis consislenl vAlh
the use of resources.
Expenditure on charitable aclivilies is incurred on directly undertaking the acliv*lies which further th8
Charills objectives. as well as any associated support costs.
Grants payable are charged in the year when the offer is made exc&pl in IFiose cases where the offer
is conditional, such grants being recognised a5 expenditure when the conditions att8ching are
fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of iTrecoverable VAT.
2.4 Intèrest recèivable
Interest on funds held on deposit is includ8d when receivable and the amount can b6 measured
reliably by the Charity.. this is normally upon nolilicalion of the interest paid or payable by the
institution wlh whom the funds are deposited.
2.5 Cash at bank and in hand
Cash al bank and in hand includes ￿$h and short-lerm highly liquid investménts with a short maturity
of three months or less from the dale of acquisition or opening of the deposit 01 similar account.
2.6 Liabllitiès and provlsions
Liabilities are recognised when there is an obligation at the Balance sheet dale as a resull of a past
event. il is probable that a transfer of economic benefit will k)e required in selllernenl, and the arnounl
of the settlement can be eslimaled reliably.
Liabili11Ès are recognised at the amount that the Charity anlic(pales il will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or senJi¢es il musl provide.
Provisions are measured al the best Èstimate of the amounts required lo sellle the obligation. Where
the éflecl of the lime value of money ts material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Slalemenl of financial activities as a finance cost.
2.7 Flnan¢lal instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basi¢ fir>ancial
inslrumenls. Basic financi81 instruments are initially recognised at transaction value and subsequently
measLired al their selllemenl value.
Page10

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting pollcles (continued)
2.8 Fund accountlng
General funds are unreslrKled funds which are available for use al IhÈ discrètion of the Tmslees in
furtherance of the general objecllves of the Charity and which have not been designated for other
purposes.
Investment in¢oma, gains and losses are all(￿ated lo the appropriate fund.
Income from donatlons and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donaliohs
281,738
281,738
199,889
Total 2023
199.889
199,889
Analysis of oxp&nditur8 on charitable activltle$
Summary by fund type
Unrestricted
funds
2024
Total
2024
Total
2023
Independent examination
Bank charges
Grants paid lo institutions
1.986
1,986
13
270,205
1, 728
f 8
232, 800
270,205
272,204
272.204
234,546
Total 2023
234,546
234,546
Page 11

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysls of expenditure by activities
Actlvlties
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Tolal
funds
2023
Independent examination
Bank charues
Grants lo institutions
1,986
13
1,986
13
270,205
1,728
18
232, 800
270.205
270,205
1,999
272,204
234,546
Tolal 2023
232,800
I, T46
234,546
Grants to Instltutions
2024
2023
Aldridge Foundation
Farm Fresh
Just Farmers
25.000
40.000
20,000
25,000
20,000
15,000
10,000
12,000
6,000
15,000
6,435
15,000
10,000
15,000
35,770
25,000
40,000
20,000
25,000
20,000
15,000
10,000
12,000
6,000
Rainbows
Village by Village
Liberty Liberty
The Farming Community
st Giles
HarperAdams
BuTton Mind
Boomcircle
Burton College
MS Society
YMCA
Other grants lo Institutions
10,000
10,000
39,800
270,205
232, 800
Page 12

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's remuneration
2024
2023
Fees payable lo the Charity's independent examiner for the independent
exarminalion ol the Charills annual aceounls
1,986
1, 728
Trustees. remuneratlon and expenses
During the year, no Trustee5 received any remuneration or other benefits (2023- £NIL).
During the year endéd 30 September 2024, no Trustee expenses have been incurred (2023- £hJlL).
Creditors: Amounts falling due withln one year
2024
2023
Trade creditors
Accruals
6,000
1,986
7. 128
7.986
7, 728
Page13

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEkqBER 2024
10. Statement of funds
Statement of funds - current year
Balan¢e at
30
September
2024
Balancè at 1
October
2023
Income Expenditure
UnrestriGted funds
General Funds- all funds
453,086
286,903
1272,2041
467,785
Statement of funds- prior year
Balanc8 at
3Q
Seplembei
2023
5alsnce 81
l Oclober
2022
Income Expenditure
Unreslrl¢ted funds
General Funds
487,447
200, 185
f234,546J
453,086
11. Summary offLFnds
Summary offunds- currant yèar
Balance at
30
S8pt8mb&r
2024
Balance at I
October
2022
Income Expenditure
General funds
453,086
286,903
1272.2041
467,785
Summary offunds- prior year
Balanc6 al
30
SepÈ8mbe
2023
Balance al
l October
2022
Income Exp8ndilure
Genèral funds
487,447
200, 185
[234,546J
453,086
Page 14

MERCER FAMILY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12. Analysis of net assets between funds
Analysis of nèt assèts betw88n funds - currant period
Unrestricted
funds
2024
Total
funds
2024
Current assets
Creditors due within on8 ye8r
475.771
17.9861
475,771
17,9861
Total
467,785
467.785
Analysis of nét assèts bétweèn funds - prior pèriod
Unrestricted
funds
2023
Total
funds
2023
Current assets
454,814
(1. 728)
454,814
(1, 728)
Creditors due M4thin one year
Total
453,086
453,086
13. Related party transactions
During the year ending 30 September 2024..
Sally Mercer and Rob Mercer ITrusletssl are Trustees of Farm Fresh Revolution lo which a grant was
given of £40,000.
Donations were raceived from..
Mercer Farming Ltd - £92.OQO Alec Mercer and Roger me[￿r (Trustees) are directors of the
company.
- Tom Mercer Limited - £22,000- Tom Mercer and Roger Nercer (Trusleesl are current directors.
-Mercer Farm Partners - £23,000 - Alec Mercer, Roger Mercer, Rob Mercer and Tom Mercer ITrusleesl
are current directors.
Merc8r Fam Pgrtnèrs have mad& a payment of £6,000 to Harper Adams on behalf of Mercer Family
Charitable Foundation which was still outslaiiding lo lo Mercer Farm Partners at 30 Septernb8r 2024.
Page 15