**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:
1. 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
3. 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|
||||
Page 6
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|
|||
Page 7
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|
|---|---|
Page 8
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|
|---|---|
Page 9
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