Charity number: 1177988 THE MERCER CHARITABLE FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 WR Partners Protecting your future.
THE MERCER CHARITABLE FOUNDATION CONTENTS Paga Reference and admlnlstratlve detalls of th• Charity, Its Trustees and advisè Trust8ès' raport Independent examinevs report Statement of financlal a¢tlvlUe$ Balanc* $ho•t Notes to the flnanclal ststements 9-15
THE MERCER CHARrrABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Tru$tèes Roger M81aber Mercer, Clvr Kathryn Julie hAèrcer Henriella Tamsin Mercer Robert Percy Mercer Salty Louise Mer¢èr Alec Roger Mercer Philipa Jane MCer Th¢Thas Alexander MeT¢ Charfty r¢gl8t•r•d number 1177988 Prfnclpal offl¢• Blakenhall Pa Barton Under Needwoc Burton on Tr( DE138AJ Accountsnt$ WR Partners Chartered Accountants 8elmont House Shréwsbury Business Park Shrewsbury Shrq)$hire SY2 6LG Page 1
THE MERCER CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Trustees prosont their annuJ rq)ort logelher wilh tlte financk?I slatements of the Chartty for the year from 1 Octc4Jer 2024 to 30 September 2025. Objectives and actlvltles a. Poll¢S68 and oblectSves Mercer Family Charitable FoundatK)n {forrrerfy known 8$ The Mercer Charilabk Foundalionl seeks to assist the charitable activities ol organisions and IndwiduaLs for such charilabl8 purpjses lor the public benelrt as arè exelu$lvety charitable 8rding lo the laws ol England and wa as the trustaès may from time to lime det&rmine In setting objectives and planning for actwities. th& Truslees have gN¢n due cnSidratiOn lo general guidon¢e publishéd by the Charity Commissn relating to publK benefit. includin9 the guidanc& 'Public benelrt.. running a Charity IPB21'. b. Strat8gl•s lor achlevlng oblacllv Mercer Famity Chori18ble Foundation supp¢)rts actMli8s and iniuatives run by organisalions- induding charit$ and communily gr¢p$- Ihal dalNor ne(rt in one cff mow of the follrywing qualifw'ng calegones.. Education.. support of edu¢ationol opportunities and inrtkrytives particularfy in the field of farinliig, ayIILullurg and locJ. Health¢8re.' benefit of haallh 8nd reliefof sickne88 r sufferirKJ p8rti¢ularfy in set of ¢hildran and aduhs suffering from incurable Illnesses. Community.. $upp¢rt lor community f&cilrtles in Staffordshire {e.g. community space8 and actMlle31 with the aim of improving the lives of k¢al pe¢)ple with parttcul8r need due lo age, ill-health, disability, homelessness, linancial hardship or dher dwdvanta90S. Intemalion81'. support for community pr4ects in Ghana wilh the aim of improwng the lives of local people through educalion. heatthcaro, and kindergarten facilrties. c. Grantwmaklng poli¢ies Any application for funding rnust fil wlhin one or more of the above qualifwng calegorie8.11 musl be noted thal con3ideralion by the TrLFStae$' does not guaranlee provisB?n of grant funding. The Trustees are agreeable lo wc¥king in partnetship wrth othar gnI making t*11e8 where funding for a project s beyond the scopè tsf any single organisalKJn Page 2
THE MERCER CHARITABLE FOUNDATION :. . TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achlèvamtnts and performanc a. Maln achievements of the Charity The Foundation continued lo support a range of charities across the prewously established areas Of 81 Education130°h Of donalioThsl bl Healthcare123% 01 donat$} and cl Communily147% of donations). 'CommunitW includes food povaty. hoMe$SneSs, inclusion for disabled chlkJr8n, and village projects in Ghana. The Foundation continues lo learn from and evaluat$ th& sectors il supports. Flnanclal rèvl•w . Golng concorn After making appropriate enquiries. lh• Trustees have a reasonable expedation that the Charfty has 8daqualg resources to continue in operation81 existence for the foreseeabla future. For this reason. they continug t(> adopt the going concern b8$i$ in preparing the I)ancIal slalernenls. Furth8r daiails regarding tho adoption ol the g¢ing concern basis can be lound in the accounling policies. b. Reserves poll¢y Reserves at 30 September 2025 amounted to £S28,39812024.. £467.78SI. Th8 Trustees alm to ho wrs, aV8rage expendrture in reseNe. This currenlty equates lo £560,CK)O. Th& Iree reserves a made up of unrgstricted fvnds which are the total nel 8ssais of the Charity. Tho Charity rnade a surplus of £60,613 drIng the yaar {2024'. £14.6991. Structure. govemanco and managèment Cons¢ltutlon Mercer Family Charitable Foundation is a Charitab IrKorpot8tèd Organisalion. numbèr 1177988, and is constituted under a Trust dee£l. It is registereil vMth the Chanty Commission (England & Walèsl. b. Methods of appolntment or electlon of Trustees Tne management of the Chalty Is the resPOn5ilJilily ul UiE* Tiuslees who are $lectad and Gwpted undor Ihe terms of the Tiust deed, Every trustee musl be appointed for a lem of Ihree by resoluti passed al 8 propedy convened meeting of the charity INst6es. The charity trustees must have regard to the skills, kNedge and exporien¢e needed for effective admilli8tr3titin of the CIO. The Trustees are curTenlly all membèrs of the Mefcer famity. Page 3
.' THE MERCER CHARITABLE FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 202S Structure, governance and managèmènt Icontinuedl c. Organ15atlonal structure and doci¥ion4naklng pollcies Any decision may be 18ken esther at a meeting of the Charity Trustees. w by iesdulK)n in writing or eleclronic lorrn agreed by a rnajorrty of all charity trustees. whid) rnay comprise erther a single documènt or several documen15 containing Ihe text of the resolulM)n in like fom lo e&h of which one or more charity trustees has signified their agreernent. d. FlnancSal rlsk management The Trustees have ass&$$ed the maior risks to which the Charity Is exposed. in particular those related lo the opérations and ftnances ol the Charity, and are 3at18fied that systems and pr(xedure8 are in plBce lo miligale ew8ure lo the major risks. Stat8m¢nt of Truste88' r•sponsibllrtl•s The Trusl8e8 are responslble lor pr8P8riryJ the Trustees, report and the financwl statements in accordance with applICab law and Uni18d Kifigd Accounling Standard8 (United Kingdom Generally Accepted Accounting Practi¢$l. Th• law applicabl• lo ¢hafiti88 in EF)gland 8 Walc8 requir¢• the Trualees to prepare finaiicial stste(Ti¥iil¥ fL)r each financial whi¢h give a true and lair view ol the stale ol affairs of the Charity and ol its incoming resources and application ol resources, induding rts income and eXndItre, for that period. In preparing Ihese finana81 slalemenls, the Trustees are required Its.. select suf(8ble accounliro policies and then app Ihem conslstenity, observe thé mdhods and prinapbs of the Charitios SORP IFRS 1021: make judgments and aceoL¢nting estimates thal are sOnable and prudent., slate whether applicablè UK Accounling Standards IFRS 102) have been lolkA¥8d, $ubJ'ecl lo any matèrial dgpartures disclosed and explained in tha linanc481 slalements.. prep8ro the financial slalements ¢)n the going con¢em ba$is unless tt 1$ inappropriate to presume Ihat the Charity wll continue In business. The Trustees are responslble for keeping adequate accounling ordS Ihat ar& suffi¢ienl lo show and explain the Charitls transactions and disclose wrth reasonable Ur8¢Y al any time the financial position of the Charity and enable them lo ensure that the financial slalemenls compty wth the Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2(X)8 and the prow$ion8 of Ihe Trust déed. They are also responsible for safeguarding the assets ol the Charfty 8nd hence for taking reasonable steps for the Pfevenllon and detection of fraud and other irregularities. Appr()véd by order of the m8mbÈrs of the bwd TrUstee$ and signed on their behalf by. allaber Mercer Date.. a1311 Page 4
. THE MERCER CtrIARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Indep8ndent Examinerfs R¢port to the Trustees of The me¢r Charltable Foundation I'the Charity'l I r8POrt lo c.h8rity TAt$ on my èxamination of thè accounts ol the Charity for the year wided 30 September 2025. Responsibilitie5 and 8asls of Report As the Trustees of th& Charity you ara responsible for the preparat*Jn of the accounts in a¢¢ordance with the requirernents ol thts Charities Act 2011 nhe 2011 A¢t'). I report in resp1 ol my examination ol thè Charitys accounts carried out undèr section 145 01 the 2011 Act and in carrying out my examinat¢on I have folbwad the appluble Oireclions gwen by thè Charity Commissh)n under section 14515llb} of the 2011 Act. Page 5
THE MERCER CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Ind8pèndènt Examiner's Statement Since the Charitls gr¢Jss income exceeded £250,000 your examiner must be a member of a body listed in seclion 145 of th¢ 2011 Act. l Confirm thet l em qualified to undertake the examinaiiorE beGau5e l ani a Imember of ACCA, which 1$ on8 ol Ihe listed bc¥Jies. Your attention is drawn to the lact Ihal the Charty has prepared the accounts in accordance with Accounting and Reporting by Charitie5". Stslement of Recommended Pracli¢e applicable lo charities prep8rillg thelr accounts in accordancé with the Financ*al Reporting stdard applicab in the UK and Republi¢ of Ireland IFRS 1021 in preference lo the Accounting and ReFy)rting by Charities." Sialement of Recommandsd Practice SUed on 1 April 2005 which is referred to in the exlant regulatk)ns bul has been wthdTawn. l understand that this has bettn done in order for the accounts to Provide a true and lair view In accordance with the Genefally Accepted Accounting Practice effecti lor ieporting periods beginning on or after 1 January 2015. I have compl8t8d my examination. I confirm that no matters have come to my atlenlion in ¢onne¢tlon wlh the examination giving me cause lo believe that in any material r•spè¢t.. acJD11g records were nol kept in r8spe¢t oflhe Charity as Iwuir•d by sttdK)n 130 of tha 2011 Ad., or the accounts do not accord with those records.. or Ihe accounts do cornpty th thè appllcable requlremenis concéming the form and c¢nlent ot a¢¢oun13 sel out in the charit$ (Accounts and Reports) Regulation$ 2008 other than any requiigmenl that the accounts give a 'true and fai¢ wew whth is nol a mattar ¢ons1d#red as part ol an ind6pènd&nl exarninalion. I have no concems and have come acn)ss no other matl8rs in connection wrth the examination lo whth attention shouky drawn in Ihis report in order lo enable a propér understanding of the accA)unls lo bè rèa¢hed. This report 18 rnade s01e to the Chantys TDjst. a8 a body. in 8ccordatU with Part 4 of the Charttle8 IA¢¢ounls and Reports) Regulations 2008. My M)rk h8s been und&rtakern $0 that I rnight slate to the Charitls Trustee5 those mallers l am required to stsle to them an Independènt examiner's report and lor no other purpose. To the fullest extent pemiitl•d by L3w. I do not accept or assuTne rèsponsibility lo anyone other than the Charity and the Charity's Truste as 8 y, for my work or for this ieport. Sioned= Dated.. T Lunt BA IHons} FCCA MTPI WR Partners Shrewsbury Business Park Shrewsbury Shropshire SY2 8LG Paoe 6
.. THE MERCER CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestri¢ted funds 2025 Total funds 2025 Total funds 2024 Note Incomè from: Donalions and Ijae$ Investmen15 395,239 4.777 395.239 4,777 281, 738 5, 165 Total Income 400,016 400,016 286,903 Expendlturè on: Charitablè adivitses 339.403 339,403 272,204 Total expendlturè 339,403 339,403 272,204 Net movèment In funds 60,613 60.613 14.699 Recon¢lllatlon of funds: Tot1 funds brought fonrd Nét mvernenl in funds 467.78S 60,613 467.78S 60,613 453.OS6 14,699 Total funds carrled forward 528,398 528,398 467, T8S The Stslemenl of Finan¢io1 Ac1Ml5 indud8s all gains and losses recognisgd in the year. The noles on pages 9 to 15 form part of these financjal sl$mènls. Page 7
THE MERCER CHARITABLE FOUNDATION BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Note Fixod aets•tB Current assets Cash at bank and in hand 580,528 475, 771 680,528 475, 771 Current Ilabllltles Creditors." amounts falling due within one yeor (52,1301 (7,986J Net current a$50¢s 528,398 fj7, 785 Total a8set$1088 ¢urrent Ilabllltl¢s 528,398 467, 785 Total net ass8ts 528,398 467, 785 Charlty funds Restricted funds Unre8lricled funds 10 10 S28,398 467.785 Total fund¥ 528,398 467, 785 The linancial staternents were approved and authorised for issue by tho Trustees and signed their behalf by.. Rog allabér M&rc•r eel Date.. a1311 The notes on pages 9 10 15 form p8rt of these financial Statemts. Page 8
". THE MERCER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 General Infomiation The Mercer Charitabk FoundatK)n is a Charitable In¢(xporated Organi5atKJn registe 17 April 2018. The Mercer Family Chantable Foundatn supports actwiiies and Inttlarives run by organlsaiions induding charrties and community groups that deliver benefrt in one or more of tho following categor6., Education, Healthcare, Communty. Accountlng pollcles 2.1 Ba$ls of prepar•tlon ol flnancl81 stst¢m•nts Thé financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charilies." statnI ol Recommended Pr8clice applicable lo chariti86 preparing their accounts in accordance with thè Financial Reporting Stsndard applicable in the UK and Republ of Iland IFRS 1021 {effective 1 January 20191, the Finan¢ial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 10218nd the Charities Act 2011. The Mercer Charitabk Foundation meets the definrtion of a publ¢c benefit entity under FRS 102. Assets and liabilities are initialty recognised at historical cost ¢y transaction value unless oth9¢s8 Slated in the relev¥nl accovnting policy. 2.2 Incom• Ail incom& 1$ recognised onea the Charily has entitlement lo the incomg, il is probable th81 the incorne will be re¢8ived and th¢ any)unl of Income f1Vable can be me3sured reliabty. Income lax rew&rabl8 in relatson to inveslmenl incom• 1$ iacognised at the tirne the investmont Income is receivable. 2.3 Exp•ndltur• ExperKlilure 1$ recognised once there is a legal or ¢onsiruclive obligation tts transfer econcmic benefit to a third party, it is prob8ble that a Iransler ol economic benefits will be requiréd in settlement and the amount of the obltqalion c8n bè measured reliably Expenditure is classified by activity. The costs of each acliv¢ly a made up of Ihe total of direct cost$ 8nd shared c051s. Including SUPPQrt costs involved in undertaking each activity. Direct costs attributabl8 to a singk activity are allocated directly 1¢ that actiwty. Shared cosls which ¢ontrit%rte to more than one actiwty and support costs which 8ra not attributable lo a $lngle &Xivity 8re apportioned befv4een tho$8 activilies on a basis consislenl wilh the use of resour$. Expenditure on charitable activities is incurred on direc1 undertaking the actniities which further the Charitls obie¢twas, as well as any aSScated support costs. GT8nts payable are charged in the year when the offer 18 madè except in those ca3e$ where the offer 13 condrtional, such grants being recognised as expenditure when the conditions attaching ar8 fulfilleil. Grants offered suLiecl to condrtions which have not been rret at the year end are noted as a commitment. but not accnyed as expenditure. All expenditure is Indusive of irrecoverable VAT. Page 9
THE MERCER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcl•s Icontlnuèdl 2.4 Interest receivable Interest on funds hekl on deposit is included when receivable aTrd the amount can be measured reliably by the Charity", this normally ¢Jpon nobfThth)n of the interest paid or payabl8 by the inslrtution wth Wh the funds are deposited. 2.5 Cash at bank and In hand Cash at bank and in hand includes cash and $hort-terrn hEghty INJuh1 investments with 8 Short maturity of three rnonlhs or less from the date of acquipilion or opening of the deposit or similar 8¢counl. 2.6 Llabllltles and provlslons Liabilrties are recogniséd whan thérè is an thlIgat at tho Bal8n¢e 3heel dale as a result of a pagt event, it is prctjable that a transfer of economic benefit will bè rèqulred in 8ettlemenl. and the amount of the selllement ¢an bè eslimaled reliabty. Liabilili&s are re¢¢gnised al the arnounl ihat the Charity antKipat#s il wll pay lo settle tho debt or the amount it h¥$ re¢ewed as advaed payments lor th• gr*)ds or services il must prowda. Provi•ion5 are rneasured at the best estima¢e of the aiiwuTil¥ iequiitsd lu ¥¥11 the obligallon. Wttere th¢ &flecl of the lime value of money is material. the provision is based on the present value ol those arnOnIs, discounted at the p-laX discount rate that rellecls the risks spacifi¢ t¢ the liability. The unwinding of the dlscount b5 rwnigad in Ihe Statement of finana81 a¢tiwtle8 a8 a financè cost. 2.7 Flnanclal Instruments The Charity onty has finan¢ial 8$8ets and financial liabilrties of a kind that qualify as baslc Iln8ncial instruments. Basic financial instruments are inilialty rwni8ed at Ir$nsadion value and subs8qu¥nlly meaSred at their settleent value. 2.8 Fund a¢¢ountlng Genèral IndS ale unrestricted funds whh ar& awlable for use al th& discretion of the Trustees in lurtherance of the general obiectNes of the Charity and wh¢ch have not been designated for other purposes. Investment Inc8, gains and losse8 are altocated to the appropriate Ivnd. Page 10
. THE MERCER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from donatlons and lega¢lès Unréstrfcted funds 202S Total funds 2025 Total runrls 2024 Doni¢ns 395.239 395,239 281, 738 Tulal 2024 287,738 281, 738 AnalyslB ol xp•ndlturo on charltable actlvlties Summary by fund ty Unrestrlcted lunds 2025 Total 2025 Tot81 2024 Independént examination Bank charges Grants paid lo inslilulK)ns 1.920 13 337.470 1,920 13 337,470 1,986 13 270,205 339.403 339,403 2T2,204 Total 2024 272,204 272,204 Page11
' THE MERCER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEIAENrs FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysis of expenditure by actlvhles Activities ndertaken directly 2025 Support costs 2025 Total funds 2025 Tolal fuiids 2024 Independent examin8bon Bank charges Grants lo In8lilulions 1.920 13 1.920 13 J37N70 1,986 13 270,205 337.470 337.470 1,933 339,403 272,204 Tolal 2024 270.205 1,999 272,2Q4 Grants to Instltutlèna 2026 2024 Convoy 4 Ukrain¢ Liberty Liberty Farm Fresh Rainbows Village by Village st Gile$ MS SOcty YMCA Burton College Burton Mind I hi$ Is Enough Just Farmers Derbyshire Bk¥)d Bikes Harper Adams Other grants lo Inslituthins 60,000 40,000 30,000 25,000 20,000 20,000 20,000 15,000 15,000 15,000 15,lJOO 12,000 10,800 6,000 27,670 i&ooo 40,c 25,QOO 20,000 12,000 70.1Y)O 75,000 15,000 15,000 20,000 2,000 70.205 331N70 270,205 Page 12
. THE PIERCERCHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent examinerf$ rémuneratlon 2025 2024 Fees payable to the Charitws independent exwniner for tho independent examinatr$ of the Charrtls annual accounts Feé$ payable io the Charitys indep8n¢Jènl examiner in resm ot. Taxalion compliance 8eN¢8S 1.920 1,776 210 210 Trustees. remun*ratlon and expenses During the year, no Tru8lee$ received any remuneralion or other beneffts (2024- £NIL). During the year ended 30 Seplembsr 2025, no Trustee expenses have been incurred (2024- £NIL). Credltorn: Amounts falllng due wlthln on? yo•r 2025 2024 Accruals Grants a¢¢rued- institutional 2.130 so.000 1,986 52,130 7,986 Page 13
THE MERCER CHARITA8LE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. Statem8nt of funds Stat•m¢nt of funds- current year Balance at 30 S8Pt8mber 2025 8alance at 1 (ktob•r 2024 Income Expendlture Unr¢$tricted funds General Funds 467.785 400.016 1339,4031 528,398 Stat8mènt of funds- prlor year 8alanco 81 30 Sepl&inbar 2024 i October 2023 It Exp6ndilur6 Unr•strlct•d fund$ G•nei81 Funds- all funds 453.086 286,903 (2T2,204J 467, 785 11. Analysls of net assats bètwa¢n funds Analysls of n&t ass•ts between funds- current yéar Unr•strletéd funds 2025 Total funds 2025 Current assets Creditors due within one 580.528 152.1301 580,528 152,1301 Total 528,398 528,398 Page 14
THE MERCER cHATABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. Analysls of net assets bÈen funds Icontlnuedl Anatysls of net assets between funds- prlor year UnresliFGl6d runds 2024 funds 2024 Current a8sels Credrtors due within one year 474771 (7.986J 475, 771 (7,986) Total 467, 785 467, T85 12. Rolated party tran$actlons Ouring the year ending 30 September 2025-. Sally Mercer and Rob Mercer (Trvs¢8081 ar• Trust88s of Fami Fresh Revolutn Its whith a grant W8S 91ven ot LJU,OUU. Donations re receNed from.. Hadaslon PkIngton Ltd - £167.500 - Rob M¢r¢•r and Rcger Mercer ITrusteesl are shareholdèrs ol the company - Tom Mercer Lirniled- £25.000- Tom Mercer and Roger Mercer ITru31e•$l are rIot dir8clors. 41ercer Farn Partners- £20,0fy)- Al Mercer. Rc43er Mercer, Rob Mercer and Tom Mercer (Trustees) are current directors. -Pa¢kington Poultry Ltd- £157,900- Ak¢ Mer¢er ond Rogar Mercer, (Trustees) 8re GUnt diroctors Page 15