OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-06-30-accounts

REGISTERED CHARITY NUMBER: 229067

REPORT OF THE TRUSTEE AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

THE COMPANY OF MERCHANT TAYLORS

UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York North Yorkshire YO19 5UW

THE COMPANY OF MERCHANT TAYLORS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Page
Report of the Trustee 1 to 5
Independent Examiner's Report 6
Statement of Financial Ac�vi�es 7
Balance Sheet 8
Notes to the Financial Statements 9 to 22

THE COMPANY OF MERCHANT TAYLORS

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 JUNE 2025

The Trustee has adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and the Republic of Ireland (FRS 102). (effec�ve 1 January 2019).

OBJECTIVES AND ACTIVITIES

Company's Hall premises, almshouse and documents and secondly, in or towards such other purposes for the benefit of poor and deserving persons of the said City of York and its suburbs as are charitable.

is taken into account when it reviews the objec�ves and ac�vi�es of The Company of Merchant Taylors to ensure they con�nue to reflect the charity's aims. The Hall is used as a mee�ng place for the members of the Company where they conduct the business of the Company in pursuance of the objec�ves as referred to above. The Hall and its facili�es are available to the public for weddings, dinners, conferences and other events. In addi�on, the Hall is opened for public view, at no charge, on a number of occasions during the year.

The Company, through its service company, has contracts with a list of Preferred Caterers to provide the catering for these ac�vi�es. Surpluses arising in the service company from the use of the Hall and facili�es by the caterer are donated to the Company as a charity. The Court of Assistants, aided by the Fabric Commi�ee, has established a regular maintenance programme for the upkeep of the Hall.

pursuant to their advancement, encouragement and, skill development in the fields of art, cra�smanship and music.

-1-

THE COMPANY OF MERCHANT TAYLORS

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 JUNE 2025

ACHIEVEMENTS AND PERFORMANCE

The Company in the City of York

out through our wholly owned subsidiary, the York Merchant Taylors Service Company. Turnover has increased by half as much again as the previous year and is also well above what was seen as a ‘stretch’ budget at the �me it was set. This has not only improved our situa�on financially but has also has contributed significantly to our objec�ve of enabling more people to view our wonderful Hall. Our forecasts indicate this growth will not only be held but further increase in the coming years. A great deal of credit for this must go to the guidance and hard work of the Business Development Commi�ee and a new member of staff who is responsible for this area of ac�vity.

One of the Company's key objec�ves is the maintenance of the Hall and gardens - one of the more important Scheduled Monuments in the City - to a suitable standard so that it is available for use and enjoyment by others as an important part of the City's rich heritage and for future genera�ons. The process of annual inspec�on to iden�fy problems (inevitable in a very old building), to have those corrected and also to improve the hall has con�nued. While actual spending has been lower than expecta�on, as �me to get permissions to do work on a listed building can be tortuous and tedious, areas for repair have been iden�fied and/or improved and will be pursued in the coming years. Underspending in the current year has been quan�fied and will be earmarked in reserves for use in the coming year.

Our charitable ac�vi�es funded by money endowed to the Charitable Fund and members' contribu�ons, focuses on suppor�ng young people to develop their interests, skills and careers in art, cra�s and the performing arts. In 2024/25 our grants totalled some £10,612. Ac�vi�es have included suppor�ng both the York College Na�onal Arts Club and York Music Hub, the la�er enhancing music skills of a good number of talented young musicians who otherwise would not be able to get such tui�on. Working with York Consor�um of Conserva�on and Cra�manship we have been able to iden�fy and help two stained glass ar�sts/conservators with funding towards equipment. Individual grants have seen funding in support of a young entertainer in their prepara�on for the Edinburgh Fringe and book packs for state schools in York as part of York Book Awards 2024. We have con�nued to celebrate talent by giving merit awards to students at York College and give grants/awards for fashion design and to cra�speople working in tradi�onal cra�s such as stonemasons and glaziers.

We have for the last three years entertained the small Ukrainian Community, essen�ally of refugees in York, to celebrate Vyshyvanka Day (na�onal day). We were joined by the Civic Party of York and had a most enjoyable and quite emo�onal day recognising the hardship they were having and stoicism they exhibited. In what we hope will be the rela�vely short term we will probably con�nue such an occasion.

Company events

As men�oned above the Company is now holding its usual programme of events following the tradi�ons over many centuries of the Guild. The Mar�nmas Feast, the Livery Dinner, Interna�onal Women’s Day dinner and notably the 2025 Charter Day event were all well a�ended and enjoyed by both members and our guests. In addi�on, the Company held several other less formal events.

Membership

The Company is very sad to record the death of Ian Black, who had been a Member since 1998.

Recruitment into the Membership has con�nued to be buoyant with 50% of new members being female and 30% under the age of 30, both figures re-enforcing our drive to ensure growing diversity within the organisa�on. We also have two new members recruited into the category of Honorary Cra�sperson, which was introduced during the previous repor�ng period, and we are confident there is more success to come in this area to further cement our rela�onships with tradi�onal trades.

THE COMPANY OF MERCHANT TAYLORS

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 JUNE 2025

Staf

vehicle on which we rely for our con�nuity. We con�nue to improve our processes to reduce �me taken and cost of opera�ng, involving both members and staff. Increasing ac�vity, development and upkeep have necessitated increasing the hours needed from our staff which they have accepted.

OUTLOOK

We moved into 2024/25 with a great deal of op�mism. That op�mism was jus�fied with the growth in our hospitality opera�ons exceeding our expecta�ons. That op�mism con�nues into 2025/26 where we have set ourselves ‘stretch’ budgets again which we are on track to exceed. As is inevitable with an ancient building there is a constant ba�le against the elements and the need for urgent repairs will put our reserves under pressure for the next few years.

We are developing plans for further enhancement of our opera�ons, mee�ng our objec�ves and the involvement of our membership.

The Company has been here for hundreds of years and we expect to be for many hundreds more.

THE COMPANY OF MERCHANT TAYLORS

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 JUNE 2025

FINANCIAL REVIEW

maintaining the Hall and Almshouse together with the costs of management and administra�on.

The property and other assets of the Company are insured to cover the cost of reconstruc�on or replacement should this be necessary.

The Endowment funds have been invested, with professional advice, for growth without undue risk.

Financial transac�ons resul�ng from the conduct of the business of the Company are summarised in the enclosed Financial Accounts for the period ended 30th June 2025. The overall deficit on opera�ons (unrestricted, restricted and endowed funds) was some 19k with unrestricted funds reduced by £17k. However, an upward re-valua�on of £70K for the investment property and a £16K increase in the value of our listed investments means we have £67k to add to our reserves.

It is noted that the intercompany debt owed by the Service Company to the Charity has dropped from some £38k at the end of June 2024 to £28k at end of June 2025. A formal inter-company debt has been repaid in full since the year end with a revolving loan facility made available should the need arise.

The Court of Assistants (ac�ng as, the Trustee) considers the Company has adequate reserves and future income to ensure it can con�nue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Company of Merchant Taylors of the City of York (the Company) is a Company having perpetual succession and a common seal incorporated by Royal Charter granted by King Charles II in 1662. It was registered with the Charity Commission on 23rd October 1963 and the Company of Merchant Taylors is the Charity's corporate Trustee. Sparse historical records indicate a progression from the 12th to the 16th Century of individual ar�san, 'cissor or taylor' to an associa�on of cra� members or 'mystery', (receiving from the City Council Ordinances de Taillours in 1387), with an evolving Court of Master, Wardens, Assistants and Searchers. A merger of the cra� with the Guild or Confraternity of St John the Bap�st around the first half of the 15th Century and about the �me of the building of the Company Hall, a Royal Licence in 1453, led, eventually, to grouping of the Drapers and other clothing cra�s, the adop�on of the present �tle, and in 1662, its Royal Charter. The Company con�nues to be administered through the Court of Assistants whose par�cipants are listed below. Sub-commi�ees provide invaluable support and cover Membership, Business Development, Finance, Fabric, Catering, Charitable and Governance ma�ers. All major decisions are sanc�oned at Full Court mee�ngs to which all members are summoned three �mes each year. Membership is around 105 and admission is by proposal and invita�on. The Company is the owner of an ancient Common Hall known as The Merchant Taylors Hall and of an Almshouse a�ached thereto, situated in Aldwark, York. The Company also owns other parcels of land, situated in and around York. Income is received from the land and from other investments.

THE COMPANY OF MERCHANT TAYLORS

REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 JUNE 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

229067

Principal address

The Merchant Taylors Hall Aldwark York YO1 7BX

TRUSTEE

The Trustee is The Company of Merchant Taylor of the City of York (incorporated by Royal Charter) The Company is administered by a Court of Assistants:

S Parker - Master C Wesley - Immediate Past Master S Hobbs - Senior Warden J Rowan - Junior Warden P Lester - Past Master Warden A Warren - Past Master Warden N Dennison - Searcher M Burn - Searcher J Leigh - Searcher E McNeil - Searcher F Phillips - Searcher J Short - Chairman Membership Commi�ee (Co-opted) S Calder - Chairman Catering Commi�ee (Co-opted) N Pearce - Chairman Finance Commi�ee (Co-opted) J Burley - Chairman Fabric Commi�ee (Co-opted) R Wallington - Chairman Charitable Ac�vi�es Commi�ee (Co-opted) D Miller - Chairman Business Development Group (Co-opted) A Boyce - Hon Architect J Leach - Hon Solicitor D Godderidge - Clerk (in a�endance) H Howley - Chancellor (in a�endance)

Independent Examiner

Torgersens Chartered Accountants East Suite, Ground Floor Avalon House, St Catherine’s Court Sunderland SR5 3XJ

Approved by order of the trustee on 7 March 2026 and signed on its behalf by:

S Parker – Master

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF THE COMPANY OF MERCHANT TAYLORS

Independent examiner's report to the trustee of The Company of Merchant Taylors

I report to the charity trustee on my examina�on of the accounts of The Company of Merchant Taylors (the Trust) for the year ended 30 June 2025.

Responsibili�es and basis of report

As the charity trustee of the Trust you are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 ('the Act').

I report in respect of my examina�on of the Trust's accounts carried out under Sec�on 145 of the Act and in carrying out my examina�on I have followed all applicable Direc�ons given by the Charity Commission under Sec�on 145(5)(b) of the Act.

Independent examiner's statement

examina�on giving me cause to believe that in any material respect:

  1. accoun�ng records were not kept in respect of the Trust as required by Sec�on 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 Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a true and fair view which is not a ma�er considered as part of an independent examina�on.

I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alison Henshaw FCCA

Torgersens Chartered Accountants East Suite, Ground Floor Avalon House, St Catherine’s Court Sunderland SR5 3XJ

24 March 2026

THE COMPANY OF MERCHANT TAYLORS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Dona�ons and legacies
2
59,247
Charitable ac�vi�es
5
Guild Ac�vi�es
6,313
Other trading ac�vi�es
3
21,998
Investment income
4
22,638
Total
110,196
EXPENDITURE ON
Raising funds
6
19,565
Charitable ac�vi�es
Guild Ac�vi�es 8
106,044
Grants, dona�ons 7
-
Total
125,609
Net gains on investments
74,428
NET INCOME/(EXPENDITURE)
59,015
Transfers between funds
18
(1,160)
Net movement in funds
57,855
RECONCILIATION OF FUNDS
Total funds brought forward
287,972
TOTAL FUNDS CARRIED
FORWARD
345,827		 Restricted
Endowment
funds
funds
£
£
3,392
375
-
-
-
-
1,120
5,120
4,512
5,495
183
2,003
640
-
10,612
-
11,435
2,003
482
11,554
(6,441)
15,046
1,160
-
(5,281)
15,046
25,948
212,444
20,667
227,490		 2025
Total
funds
£
63,014
6,313
21,998
28,878
120,203
21,751
106,684
10,612
139,047
86,464
67,620
-
67,620
526,364
593,984		 2024
Total
funds
£
74,825
-
16,051
27,205
118,081
13,030
72,310
13,553
98,893
21,868
41,056
-
41,056
485,308
526,364

-7-

THE COMPANY OF MERCHANT TAYLORS

BALANCE SHEET 30 JUNE 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Stocks
15
Debtors
16
Cash at bank
CREDITORS
Amounts falling due within one
year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds

£
15,084
182,696
197,780
646
66,586
95,675
162,907
(14,860)
148,047
345,827
345,827		 Restricted
funds
£
-
15,592
15,592
-
1,773
5,500
7,273
(2,198)
5,075
20,667
20,667		 Endowment
funds
£
-
221,964
221,964
-
225
5,301
5,526
-
5,526
227,490
227,490		 2025
Total
funds
£
15,084
420,252
435,336
646
68,584
106,476
175,706
(17,058)
158,648
593,984
593,984
345,827
20,667
227,490
593,984		 2024
Total
funds
£
16,469
330,314
346,783
963
71,411
131,084
203,458
(23,877)
179,581
526,364
526,364
287,972
25,948
212,444
526,364

its behalf by:

S Parker - Master

-8-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. ACCOUNTING POLICIES

and have not been consolidated with its trading subsidiary. The Company of Merchant Taylors has a controlling interest in The Merchant Taylors Service Company, its trading subsidiary (see note 11).

Going concern

uncertain�es exist. The trustee has considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to con�nue as a going concern.

Income

All incoming resources are included in the Statement of Financial Ac�vi�es when the charity becomes en�tled to the income and the amount can be quan�fied with reasonable accuracy. The following specific policies are applied to par�cular categories of income:

Voluntary income is received by way of dona�ons and legacies and is included in full in the Statement of Financial Ac�vi�es when receivable.

The value of services provided by volunteers has not been included in these accounts.

Investment income is included when receivable.

Incoming resources from car parking and other ac�vi�es are accounted for when the right to considera�on accrues.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred:

Guild ac�vi�es comprises those costs incurred by the charity in the delivery of its ac�vi�es and services. It includes both costs that can be allocated directly to such ac�vi�es and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with mee�ng the cons�tu�onal and statutory requirements of the charity and include the accounts fees and costs linked to the strategic management of the charity.

Costs of genera�ng voluntary income comprise the costs associated with the voluntary income.

Costs rela�ng to a par�cular ac�vity are allocated directly; others are appor�oned on an appropriate basis or on an es�mated basis.

The Company is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

but not accrued as expenditure.

con�nued...

-9-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

1. ACCOUNTING POLICIES - con�nued

life.

Stocks

Stocks are valued at the lower of cost and net realisable value, a�er making due allowance for obsolete and slow moving items.

Taxa�on

The charity is exempt from tax on its charitable ac�vi�es.

Fund accoun�ng

Unrestricted funds comprise those funds which the trustee is free to use in accordance with the charitable objects.

Designated Funds are unrestricted funds earmarked by the trustee for par�cular purposes.

Endowment funds - these are funds held on trust as a capital fund.

Heritage assets

at Aldwark, York. Neither the historical cost nor improvements to freehold land and buildings are capitalised because these heritage assets are historic, inalienable and form part of the assets of the company held in perpetuity. The company also owns artefacts relevant to its customs and tradi�ons for which no original cost or market value is recorded.

The original cost of the assets and improvements thereto is not available. The users of the accounts are principally the members of the Company. The trustee considers the cost of carrying out a professional valua�on to include these assets at a value in the accounts to be considerable compared to the limited addi�onal benefit derived by the users of the accounts.

scheme are charged to the Statement of Financial Ac�vi�es in the period to which they relate.

Investments

Quoted investments are included at market value at the balance sheet date. The gain or loss in the market value of investments, both realised and unrealised, during the year is shown in the charity's SOFA. As described in the Trustee’s report, the charity has adopted a total returns approach to its endowment investments.

Unquoted investments are included at cost.

Investment Property

Investment property is carried at fair value. Revalua�on surpluses are recognised in the SOFA.

con�nued...

-10-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Annual subscrip�ons
44,146
-
-
Legacy & dona�ons to
Charity
3,050
3,173
300
Tax recoverable on subs
11,513
-
-
Tax recoverable on
dona�ons
538
219
75
59,247
3,392
375
OTHER TRADING ACTIVITIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Car parking
9,998
-
-
Sale of commemora�ve
items
-
-
-
Cost recharges to Trading
Subsidiary
12,000
-
-
21,998
-
-		 2025
Total
funds
£
44,146
6,523
11,513
832		 2024
Total
funds
£
46,609
14,971
11,427
1,818
63,014
2025
Total
funds
£
9,998
-
12,000
21,998		 74,825
2024
Total
funds
£
10,026
25
6,000
16,051

3. OTHER TRADING ACTIVITIES

The trading ac�vi�es of the Charity are carried out by the Merchant Taylors Service Company Limited which donates its surplus profits to the Charity each year.

4. INVESTMENT INCOME

INVESTMENT INCOME INVESTMENT INCOME INVESTMENT INCOME INVESTMENT INCOME
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Rents received
12,881
-
-
Deposit account interest
1,794
876
-
Brewin Dolphin income
575
244
5,120
Service Co. loan interest
7,388
-
-
22,638
1,120
5,120		 2025
Total
funds
£
12,881
2,670
5,939
7,388		 2024
Total
funds
£
10,163
2,701
6,456
7,885
22,638 1,120 5,120 28,878 27,205

con�nued...

-11-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

5. INCOME FROM CHARITABLE ACTIVITIES

2025 2024
Ac�vity £ £
Event income Guild Ac�vi�es 6,313 -

Guild ac�vi�es income relates to fund raising events income. The associated costs of pu�ng on the events are included in event costs as detailed in note 6. The net contribu�on to charitable reserves in the year totalled £1,160, all of which has been transferred to the restricted charitable fund.

6. RAISING FUNDS

Raising dona�ons and legacies

Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Clerk
12,627
-
-
Staf costs
1,056
-
-
Event costs
5,603
-
-
19,286
-
-		 2025
Total
funds
£
12,627
1,056
5,603
19,286		 2024
Total
funds
£
10,178
1,076
-
11,254

Investment management costs

Investment management costs Investment management costs Investment management costs Investment management costs Investment management costs
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Support costs (note 9)
279
183
2,003
Aggregate amounts
19,565
183
2,003		 2025
Total
funds
£
2,465		 2024
Total
funds
£
1,776
183 2,003 21,751 13,030

con�nued...

-12-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

7. GRANTS AND DONATIONS

During the year total grants and dona�ons of £1,050 (2024: £4,806) and £9,562 (2024: £8,747) were made to individuals and ins�tu�ons, respec�vely. These dona�ons were made from the restricted charitable fund (note 18).

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
2025
£
Clerk
21,809
Steward
27,271
Chancellor's ofce
994
Insurances, licences
14,545
Repairs, equipment, furnishing
24,571
Telephone
220
Prin�ng, post, sta�onery
53
Travelling and accommoda�on
1,278
Clerk expenses
1,229
Deprecia�on
3,371
Support costs (note 9)
11,343
106,684		 2024
£
17,369
20,384
1,076
12,646
7,332
303
83
919
115
2,937
9,146
72,310

9. SUPPORT COSTS

Investment management costs
Guild Ac�vi�es		 Governance
Finance
costs
£
£
-
2,465
810
10,533
810
12,998		 Totals
£
2,465
11,343
13,808

Support costs, included in the above, are as follows:

2025 2024
Investment
management Guild Total Total
costs Ac�vi�es ac�vi�es ac�vi�es
£ £ £ £
Bank charges - 810 810 405
Independent examina�on - 860 860 800
Insurance - 788 788 788
Guild events and court costs - 737 737 1,016
Clerk - 3,827 3,827 2,908
Chancellor's ofce - 3,229 3,229 3,229
Legal and Professional fees 2,465 1,092 3,557 1,776
2,465 11,343 13,808 10,922

con�nued...

-13-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

10. TRUSTEE’S REMUNERATION AND BENEFITS

In accordance with normal commercial prac�ce the charity has purchased insurance to protect the trustee from claims arising from negligent acts, errors or omissions occurring whilst on the charity's business. The annual premium is £788 (2024: £788).

Trustee’s expenses

No expenses were paid to the trustee nor to the members of the Court of Assistants for the year ended 30 June 2025 nor for the period ended 30 June 2024.

11. STAFF COSTS

The average monthly number of employees during the year was as follows:

2025 2024
Management and support 2 2

No employees received emoluments in excess of £60,000.

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Dona�ons and legacies
66,837
Other trading ac�vi�es
16,051
Investment income
20,284
Total
103,172
EXPENDITURE ON
Raising funds
11,449
Charitable ac�vi�es
Guild Ac�vi�es
72,310
Grants, dona�ons
-
Total
83,759
Net gains on investments
2,706
NET INCOME/(EXPENDITURE)
22,119
Transfers between funds
(2,400)
Net movement in funds
19,719		 Restricted
Endowment
funds
funds
£
£
7,613
375
-
-
1,737
5,184
9,350
5,559
254
1,327
-
-
13,553
-
13,807
1,327
2,727
16,435
(1,730)
20,667
-
2,400
(1,730)
23,067		 Total
funds
£
74,825
16,051
27,205
118,081
13,030
72,310
13,553
98,893
21,868
41,056
-
41,056

con�nued...

-14-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - con�nued

Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
268,253
TOTAL FUNDS CARRIED FORWARD
287,972
13.
TANGIBLE FIXED ASSETS		 Restricted
Endowment
funds
funds
£
£
27,678
189,377
25,948
212,444		 Total
funds
£
485,308
526,364
COST
At 1 July 2024
Addi�ons
At 30 June 2025
DEPRECIATION
At 1 July 2024
Charge for year
At 30 June 2025
NET BOOK VALUE
At 30 June 2025
At 30 June 2024		 Fixtures
and
f�ngs
£
122,371
1,986
124,357
105,902
3,371
109,273
15,084
16,469

Freehold property, other historic assets and artefacts of the company are not capitalised as disclosed in note 1. Improvements not capitalised during the year amounted to £nil (2024 - £nil).

con�nued...

-15-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

14. FIXED ASSET INVESTMENTS

Value at 1 July 2024
Addi�ons
Transfers
Net investment income
Realised Gains / losses
Unrealised Gains / losses
Value at 30 June 2025
Investments at market
value comprised:
Freehold investment
property
100% trading subsidiary
Listed Investments
Cash on deposit		 Unrestricted
Funds
107,973
-
-
295
181
74,247
182,696
150,560
100
30,114
1,922
182,696		 Restricted
Funds
15,049
-
-
61
-
482
15,592
-
-
15,247
345
15,592		 Endowment
Funds
207,292
-
-
3,118
442
11,112
221,964
-
-
206,331
15,633
221,964		 Total
Funds
2025
330,314
-
-
3,474
623
85,841
420,252
150,560
100
251,692
17,900
420,252		 2024
303,766
-
-
4,680
-
21,868
330,314
80,560
100
244,563
5,091
330,314

i) The charity owns the whole of the issued share capital of The Merchant Taylors Service Company Limited, registered in England & Wales, company number 2844764. The shares are valued at par.

£44,741 (2024: gross profit of £29,153) and a profit before tax and gi� aid of £1,746 in the year ended 30 June 2025 (2024: loss of £1,735). At 30 June 2025 the company had nega�ve reserves of £54,022 (2024: £55,768).

ii) Freehold investment property was valued in September 2025 by J Stephenson MA FRICS FAAV at £150,000. A valua�on gain of £70,000 has been recognised in the year. Other freehold interests were valued at £560.

iii) Listed investments are managed by Brewin Dolphin.

15. STOCKS

STOCKS
2025 2024
£ £
Valua�on 646 963

con�nued...

-16-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

16.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Amounts due from trading
subsidiary
Prepayments and accrued income
Other debtors
Amounts falling due a�er more than one year:
Amounts due from trading
subsidiary
Aggregate amounts
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors		 2025
£
580
2,197
-
36,657
744
40,178
28,406
68,584
2025
£
17,058
17,058		 2024
£
4,106
-
37,891
24,572
4,842
71,411
-
71,411
2024
£
23,877
23,877

con�nued...

-17-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Pla�num fund
Restricted funds
Charitable fund
Fabric fund
Roof Fund
Endowment funds
Charitable fund
Pla�num endowment fund
TOTAL FUNDS		 At 1/7/24
£
277,070
10,902
287,972
18,558
1,140
6,250
25,948
190,023
22,421
212,444
526,364		 Net
movement
in funds
£
69,659
(10,644)
59,015
(5,801)
(640)
-
(6,441)
12,765
2,281
15,046
67,620		 Transfers
between
funds
£
(1,160)
-
(1,160)
(1,340)
2,000
500
1,160
-
-
-
-		 At
30/6/25
£
345,569
258
345,827
11,417
2,500
6,750
20,667
202,788
24,702
227,490
593,984

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Pla�num fund
Restricted funds
Charitable fund
Fabric fund
Endowment funds
Charitable fund
Pla�num endowment fund
TOTAL FUNDS		 Incoming
resources
£
110,196
-
110,196
4,512
-
4,512
5,022
473
5,495
120,203		 Resources
expended
£
(114,965)
(10,644)
(125,609)
(10,795)
(640)
(11,435)
(1,843)
(160)
(2,003)
(139,047)		 Gains and
Movement
losses
in funds
£
£
74,428
69,659
-
(10,644)
74,428
59,015
482
(5,801)
-
(640)
482
(6,441)
9,586
12,765
1,968
2,281
11,554
15,046
86,464
67,620

con�nued...

-18-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

19. MOVEMENT IN FUNDS - con�nued

Compara�ves for movement in funds

Unrestricted funds
General fund
Designated Pla�num fund
Restricted funds
Charitable fund
Fabric fund
Roof Fund
Endowment funds
Charitable fund
Pla�num endowment fund
TOTAL FUNDS		 At 1/7/23
£
253,893
14,360
268,253
26,538
1,140
-		 Net
movement
in funds
£
22,119
-
22,119
(7,980)
-
6,250		 Transfers
between
funds
£
1,058
(3,458)
(2,400)
-
-
-		 At
30/6/24
£
277,070
10,902
287,972
18,558
1,140
6,250
27,678
169,377
20,000
189,377
485,308		 (1,730)
20,646
21
20,667
41,056		 -
-
2,400
2,400
-		 25,948
190,023
22,421
212,444
526,364

Compara�ve net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Charitable fund
Roof Fund
Endowment funds
Charitable fund
Pla�num endowment fund
TOTAL FUNDS		 Incoming
resources
£
103,172
3,100
6,250
9,350
5,559
-		 Resources
expended
£
(83,759)
(13,807)
-
(13,807)
(1,327)
-		 Gains and
Movement
losses
in funds
£
£
2,706
22,119
2,727
(7,980)
-
6,250
2,727
(1,730)
16,414
20,646
21
21
16,435
20,667
21,868
41,056
5,559
118,081		 (1,327)
(98,893)		 16,435
21,868

COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

19. MOVEMENT IN FUNDS - con�nued

Restricted charitable fund

Dona�ons and income received for the restricted charitable fund are to fund grants to individuals and ins�tu�ons to provide financial support to advance and develop skills in the fields of art, cra�smanship and music.

During the year £2,500 was transferred from the restricted charitable fund to the restricted fabric fund to correct a misalloca�on in prior years accounts. As at 30 June 2025 these funds remained unspent.

Restricted fabric fund

Dona�ons and income received for the restricted fabric fund are funds that are to be used to maintain the hall and grounds.

During the year £500 was transferred from the restricted fabric fund to the restricted roof fund as this was deemed to be a be�er representa�on of the restric�on that the funds were provided for in previous years.

Restricted roof fund

Dona�ons and income received for the restricted roof fund are funds that are to be used to recover the roof of the hall when required.

Endowment charitable fund

These funds are held on trust as a capital fund. The income generated from the endowment fund is available for distribu�on within the objects of the restricted charitable fund.

Pla�num endowment fund

These funds are held on trust as a capital fund. The income generated from this endowment fund is available to cover costs of maintaining and improving the hall and its facili�es.

Designated pla�num fund

The company raised funds to carry out priority works in the Hall and grounds.

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

19. MOVEMENT IN FUNDS - con�nued

Endowment funds invested on a total return basis

Endowment funds adopt a total return basis from 1 July 2021. The summaries below shows the breakdown of these funds between the trust for investments (which is the amount of gi�s donated or allocated by the charity into the endowment fund) and unapplied total return (which is the cumula�ve investment return allocated to the endowment fund).

Endowment charitable fund
At beginning of the repor�ng period:
Gi� component of the endowment
Unapplied total return
Total
Movements in the repor�ng period:
Gi� of endowment funds
Recoupment of trust for investment
Alloca�on from trust for investment
Investment return: net dividends and interest
Investment return: realised and unrealised gains and
(losses)
Total
Unapplied total return allocated to income in the repor�ng
period
Net movements in repor�ng period
At end of repor�ng period:
Gi� component of the endowment
Unapplied total return
Total		 Trust for
investment
£
121,206
-
121,206
375
-
-
-
-
375
-
375
121,581
-
121,581		 Unapplied
total
return
£
-
68,817
68,817
-
-
-
2,804
9,586
12,390
-
12,390
-
81,207
81,207		 Total
Endowment
charitable
fund
£
121,206
68,817
190,023
375
-
-
2,804
9,586
12,765
-
12,765
121,581
81,207
202,788

con�nued...

-21-

THE COMPANY OF MERCHANT TAYLORS

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 30 JUNE 2025

19. MOVEMENT IN FUNDS - con�nued

Pla�num endowment fund
At beginning of the repor�ng period:
Gi� component of the endowment
Unapplied total return
Total
Movements in the repor�ng period:
Gi� of endowment funds
Recoupment of trust for investment
Alloca�on from trust for investment
Investment return: net dividends and interest
Investment return: realised and unrealised gains and
(losses)
Total
At end of repor�ng period:
Gi� component of the endowment
Unapplied total return
Total		 Trust for
investment
£
20,000
-		 Unapplied
total
return
£
-
2,421		 Total
Pla�num
Endowment
fund
£
20,000
2,421
20,000
-
-
-
-
-
-
20,000
-
20,000		 2,421
-
-
-
313
1,968
2,281
-
4,702
4,702		 22,421
-
-
-
313
1,968
2,281
20,000
4,702
24,702

20. RELATED PARTY DISCLOSURES

The balance due to the Charity from its trading subsidiary, at the year end, was £28,406 (2024: £37,891).

There were no other related party transac�ons for the year ended 30 June 2025.