REGISTERED CHARITY NUMBER: 1201163
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 30 June 2025
for
The Mercers Hall Gloucester
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
The Mercers Hall Gloucester
Contents of the Financial Statements For The Year Ended 30 June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
The Mercers Hall Gloucester
Report of the Trustees For The Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO are to do all such things as are lawfully charitable in nature with a view to the preservation of the historic listed building formally known and used as The Mercers Hall on the corner of Cross Keys Lane and Mercers Alley, Gloucester.
Public benefit
The trustees have paid due regard to guidance issued by the Chanty Commission in deciding what activities the CIO should undertake.
ACHIEVEMENTS AND PERFORMANCE
Significant activities and achievements against objectives
The Mercers Hall Gloucester a Charitable Incorporated Organisation (CIO) was set up with the registered charity number 1201163 on the 28th November 2022. It was set up to replace a charitable trust, as the committee of the Unincorporated fund considered that the objectives would be best achieved through a CIO.
The assets and liabilities of Masonic Hall (Gloucester) Limited were transferred to the CIO on its cessation. These have been included in the CIO as a donation of £300,996. This was made up of fixed assets £304,603, debtors of £4,173 and other creditors of (£7,780).
The other donation in the year was £5,303 profits from the charity's 100% owned subsidiary The Mercers Hall Event company for the 2025 year end.
FINANCIAL REVIEW
Financial position
The surplus for the year under review was £317,035 The main activity in the year aside from the transfer of the assets/liabilities from The Masonic (Gloucester) Limited was capitation charges of £22,987 (2024: £20,380) from Masonic Lodges
The CIO holds some funds as investments. these are held as unit trusts and managed by Sarasin.
Reserves policy
It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that. In the event of a significant drop in funding, they will be able to continue the CIO's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The reserves held at the year end were £408,394 which include the investments and assets which are held on a long term basis. Excluding these long term reserves the CIO's readily available funds were £34,452 (2024: £25,409).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1201163
Page 1
The Mercers Hall Gloucester
Report of the Trustees
For The Year Ended 30 June 2025
Principal address
1 Rosemary Close Abbeydale Gloucester GL4 5TL
Trustees
C J Hill D J Lord J Marfell G G Howell
Independent Examiner
Peter Morgan FCA Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 16 April 2026 and signed on its behalf by:
C J Hill - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Mercers Hall Gloucester
Independent examiner's report to the trustees of The Mercers Hall Gloucester
I report to the charity trustees on my examination of the accounts of The Mercers Hall Gloucester (the Trust) for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Morgan FCA The Institute of Chartered Accountants in England and Wales
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
16 April 2026
Page 3
The Mercers Hall Gloucester
Statement of Financial Activities
For The Year Ended 30 June 2025
| 30.6.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 306,049 Charitable activities Charitable activity 22,987 Investment income 2 1,607 Other income 4,519 Total 335,162 EXPENDITURE ON Charitable activities Charitable activity 14,651 Other 3,565 Total 18,216 Net gains on investments 89 NET INCOME 317,035 RECONCILIATION OF FUNDS Total funds brought forward 91,359 TOTAL FUNDS CARRIED FORWARD 408,394 |
30.6.24 Total funds £ 90,249 20,380 794 3,150 114,573 28,296 996 29,292 6,078 91,359 - 91,359 |
|---|---|
The notes form part of these financial statements
Page 4
The Mercers Hall Gloucester
Balance Sheet
30 June 2025
| 30.6.25 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 317,675 Investments 6 56,267 373,942 CURRENT ASSETS Debtors 7 16,376 Cash at bank 28,478 44,854 CREDITORS Amounts falling due within one year 8 (10,402) NET CURRENT ASSETS 34,452 TOTAL ASSETS LESS CURRENT LIABILITIES 408,394 NET ASSETS 408,394 FUNDS 9 Unrestricted funds 408,394 TOTAL FUNDS 408,394 |
30.6.24 Total funds £ 9,872 56,078 65,950 2,000 28,376 30,376 (4,967) 25,409 91,359 91,359 91,359 91,359 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 April 2026 and were signed on its behalf by:
C J Hill - Trustee
The notes form part of these financial statements
Page 5
The Mercers Hall Gloucester
Notes to the Financial Statements For The Year Ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds and it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Fixtures and fittings - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.6.25 | 30.6.24 | |
| £ | £ | |
| Income from listed investments | 1,509 | 794 |
| Deposit account interest | 98 | - |
| 1,607 | 794 | |
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continued...
The Mercers Hall Gloucester
Notes to the Financial Statements - continued For The Year Ended 30 June 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 90,249 |
| Charitable activities | |
| Charitable activity | 20,380 |
| Investment income | 794 |
| Other income | 3,150 |
| Total | 114,573 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activity | 28,296 |
| Other | 996 |
| Total | 29,292 |
| Net gains on investments | 6,078 |
| NET INCOME | 91,359 |
| TOTAL FUNDS CARRIED FORWARD | 91,359 |
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continued...
The Mercers Hall Gloucester
Notes to the Financial Statements - continued For The Year Ended 30 June 2025
5. TANGIBLE FIXED ASSETS
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 1 July 2024 - 10,868 - Additions 300,000 6,765 4,603 At 30 June 2025 300,000 17,633 4,603 DEPRECIATION At 1 July 2024 - 996 - Charge for year - 3,527 38 At 30 June 2025 - 4,523 38 NET BOOK VALUE At 30 June 2025 300,000 13,110 4,565 At 30 June 2024 - 9,872 - 6. FIXED ASSET INVESTMENTS Shares in group Listed undertakings investments £ £ MARKET VALUE At 1 July 2024 - 56,078 Additions 100 - Revaluations - 89 At 30 June 2025 100 56,167 NET BOOK VALUE At 30 June 2025 100 56,167 At 30 June 2024 - 56,078 There were no investment assets outside the UK. Cost or valuation at 30 June 2025 is represented by: |
Totals £ 10,868 311,368 322,236 996 3,565 4,561 317,675 9,872 Totals £ 56,078 100 89 56,267 56,267 56,078 |
|---|---|
| Shares in group Listed undertakings investments £ £ Valuation in 2025 - 89 Cost 100 56,078 100 56,167 |
Totals £ 89 56,178 56,267 |
|---|---|
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continued...
The Mercers Hall Gloucester
Notes to the Financial Statements - continued For The Year Ended 30 June 2025
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Amount due from subsidiary 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.7.24 £ Unrestricted funds General fund 91,359 TOTAL FUNDS 91,359 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 335,162 (18,216) TOTAL FUNDS 335,162 (18,216) Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
30.6.25 30.6.24 £ £ 5,868 2,000 10,508 - 16,376 2,000 30.6.25 30.6.24 £ £ 10,402 4,967 Net movement At in funds 30.6.25 £ £ 317,035 408,394 317,035 408,394 Gains and Movement losses in funds £ £ 89 317,035 89 317,035 Net movement At in funds 30.6.24 £ £ 91,359 91,359 91,359 91,359 |
|---|---|
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continued...
The Mercers Hall Gloucester
Notes to the Financial Statements - continued For The Year Ended 30 June 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 114,573 114,573 |
Resources expended £ (29,292) (29,292) |
Gains and Movement losses in funds £ £ 6,078 91,359 6,078 91,359 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.23 £ - - |
Net movement in funds £ 408,394 408,394 |
At 30.6.25 £ 408,394 408,394 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 449,735 449,735 |
Resources expended £ (47,508) (47,508) |
Gains and Movement losses in funds £ £ 6,167 408,394 6,167 408,394 |
|---|---|---|---|
10. RELATED PARTY DISCLOSURES
The charity received a one-off donation in the year from The Masonic Hall (Gloucester) Limited of £300,996, which included title to the historic building The Mercers Hall on the corner of Cross Keys Lane and Mercers Alley, Gloucester at a valuation of £300,000.
Page 10