MERTON HOUSE HOLIDAY HOTEL LIMITED {A company limited by guarantee) Trustees Report and Financial Statemenls For the year ended 31 January 2024 Registered Charity no.. 277171 Registed Company no.. 01402197
MERTON HOUSE HOLIDAY HOTEL LIMITED Contents Page L8gal and adrniftistratN• infoTrnatron Report of the Council ol managemant (including diractors, r8wrti Indeptrndènt èxaminarfs r8POrt Statement of financial actwities BalanGe sheet 10 Not8S to the financial statements
MERTON HOUSE HOLtDAY HOTEL LIMfrED Legal and administrative information Council of Mèmbers ITrustees1 Dir8Ctorsl- D C Pick- Chairman A E Biggs SGUY R J Lèè- Honorary Trèasurèr B1 Lindsay M A F Parfect- Honorary Secretary C S Spicer FInan Officer: E Richards General ManageT'. Mrs K Sharfand Reglst•rgd Offi¢•: Merton Hous8 Edde Cross Street Ros5 on Wye Herefordshirè HR9 7BZ Indgp•ndgnt Examlner: P8t8T Whitehaad FCA Malcolm Piper & Company Limited Chartered Accouniants and Busin8S5 A(fvi50rs Kingsnorth House Blenheim Way Birmingharn B44 8LS Bankers: L1oyds Bank PLC 36138 N8w Sir88t, Birmingharn B2 4LP Chaty reqlstratlon numlxr: 277171 IEngland and W818sl Company Y¢g1$trotlon number.. 01402197 (England and Wales) Page13
MERTON HOUSE HOLAy HOTEL LIMITED R•port of the Council of Management for tho year ended 31 January 2024 The Coun1 who are the trustees and also the directors of the charity for the purpos88 of th8 Companies Act, subrnit thr annual rort and the unaudited financial stat8rn8nts for the year ended 31 January 2024. The trustee5 have adoptad tha piovisions of the Ststement of Recornrn8Nded Practi ISORPI 'Accounting and Reporting by Charib'88" IFRS 1021 in preparing the annual report and financial 5tatemonts ol the charlty. Thè financial statements have been prepared in accordanee wth the acwunting policies set out in notes to thè financial statements and compty with the charity's governing document, The Chanties Act 2011 and Accounting and Reporting by Charit4'8s." Staltrment of Recommended Practice applicable lo charib.es preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ire&nd published In October 2019. STRUCTURE. GOVERNANCE AND MANAGEMENT Thè (mpany was incorporated on 27 Novernber 1978 with Companles House in Eroland and Wales Iregistration number 014021971. The company is a company limited by guarantee and therefore does not have a share ¢8Pit81. Th& liability of members and ¢Jetails of their guarantee ar8 shown in the notes to the financial Statements. Tho company is also a charity havin9 been r8gistereiJ on 24 June 1979 with the Charrti8s Comrnis510n In England 8nd Wa18s (charity number 2771711. The tharity has a plan in pla to identify and train new trustees as and when th8y bacome aware ol individuals with an interest in the charity'5 activit$, or where it is per1Ved that 8 tr18* With an addits.onal skill set. to cornplement those held by current truslees, is r8quir8d. DIRECTORS AND COUNCIL MEMBERS None of the counal members has any inter85t In 5hafys of the company becaus8 th8 company is limited by guarante8. The council mernbers who held offi¢e during the year were as follo." D C Pick- Chairman A E Biggs R.G. Dickinson (ReSned 14 February 20241 SGUY R J Le&- HonoTary Trèasurer B l Lindsay M A Parfect- Honorary Secretary C S Spicer Nominated by the Rotary Club of Bim)ingham Nominated by Birmingham Fellowship for the Handicapped Appointee of the Council of Management CHARffY OBJECTIVE AND PRINCIPAL ACTIMTIES The charity5 obj8Ctive is to relleve the physi¢a11y handicapped anrj disabled by establishiro and maintainiry holiday home or hornes for persons who by wson of their physic81 d8ficiency or infimiity quire special attention In th8 yèar under review the fulIrent of that Charity objective Continu by providing holidays in a caring and safè 8nvironrnent to people with disabilities. whether through wJe or ill heath. requiring spe081 attentk)n. No ¢hang85 are fore588n in the imrn8(Siatè futurè. PUBLIC BENEFIT The purpose of the ¢harily is d8t8iled in the chanty objective and principal activities above ané is avallable to all rnambars of tho general public who due to physical deficienGy or infirmity require speci81 attention from a holiday home. Page14
MERTON HOUSE HOLtDAY HOTEL LIMITED ACHIEVEMENTS & PERFORMANCE Over 1,000 people every year take a holiday at Merton House. wSlh a slgnificant nurnber corning several limes a year, demonstrating that a al nee(J Is being met. The hotel is situated at ROsSn-Wye in the beautiful Wye Valley,. a wpulaTtOUri5t area, in a particul8dy pic¢uresque spot in the town overboking the horseshoe bend of the River Wye. The commanding srtuation means that even guests with limited mobility are abl8 to enjoy the lovety views of the H6r6foTdshiro countrysirJ& from the hotel sun lounge or it5 gardens. Because of its spe¢i81isrn the hotel does not cater for the casu81 tourist or visitor'off the streev. Historically the pdoMinant number ol holidays have been on a weekly basis bul increasingly the hotel is able to offer flexible shorter breaks ol a lew days. The words ol appreciatlon from guests and the many repeat vL%its show thai the aims of the charity ntinUe lo b8 achiev8d and for this the man3J8ment and staff deserve credit for their commitment and gffort8. We oontinu8 to be hugely indebted to the help and support of volunteers and friends of Merton Fbusg, and in particular The Rotary Club of Birmingham and ils membets. The aim of the Hotel is to provide affordable, caring and enjoyable h(Aiday5 for the Spal people we serve. The benefits of a holiday or a br8ak away are W811 r8cogni5ed but tha opportunily is limited for thos8 With di%abi1it1è5 and for less mobile eldedy people as hotels a rarely disabled friendly. and If they a they may be unrealistically expensive." bul that is our target market. Important features include emergency pull cords in a11 bedrooms and bathrooms, wet rooms forwheelehair access, and support rails in all bathroom5. Theso mean the hotel 15 not really suitable for the able bodied and it does not servic8 thal rnore profrtab18 S8Ctor of th8 cornmunity. The hotel is also special in the service il provides. For example. transport is a problem for many elderly and disabled people, rèstricting their ability tr) go away èven il they can find a suitable dèstination. But M8rton House can arrange door to door transport lor the vast majority of its guests. There 15 specially adapted transport for wheelchair users and several rnobility scooters for the free use of guests The hotel liaises with local doctors and district nurses to ensure that. where guests need on%oing medical attention. that rt can be provided on holiday. It a¢Pt$ guests who are dependent on oxygen." ansures that guests have the physical aids that th&r reduced mobillty might reouire.. and takes care to cater lor guests. special dietary needs. Moreover. the aim to make the holiday as affordable as possible by keeping charges to th8 minimurn. TTIPS are available on most days in the hotel minibus to nearby beauty spots or places of special interest. and on several evenings of each week entertainment is provided In the hotel. So, in all these ways Merton House is proud to provide a real service lo rts guests and to the community. DONATIONS Details ol donations received of more than £1.000 a shown in note 2 to the financSal statements. FINANCIAL REVIEW Th8 results forthg year 8nd financial position of thg comp8ny arg as shown in the St8t8rnent of Finanual Activiti8S on page 9 and the Balance Sheel on pagg 10 Th8r8 was onty one restricted transaction in the current financal y88r. Tumover levels reflect a very pleasing In¢ase in a¢commodation and food income in spite of only a margina1 Increase in the numbers of sleepers. For the current year the number ol sleepers were 5.459 and 5,455 in 2023. Expenditure in the main has wntinued lo be w811 controlled, like many organisations our staff costs have been impa¢ted by the increase in the National Minimum Wage. Property repairs were less this year following substsntial expenditure last year to the roof and sun bunge. Light. heat and power costs have been impacted by the rise in the global energy prices. Page15
MERTON HOUSE HOLIDAY HOTEL LIMtTED RESERVES POLICY At 31 January 2024 the company held selves. less the propety, of £357.98512023.. £394,612). Thls Includes restricted funds of £Nil12023.. £Nill The annual expenditure for the year for the on-going activities was £601.383 12023.. £582.9361. The reserves therefore r8presant 7 months12023'. 8 months) of'noTrnal" annual eXpdituT•. ReseNes are necessary because.. The hote1 business is highly seasonal and ours, dèspite its uniqueness, is no different. Accordingty, tha hotèl invariably trades at a stqnificant1os5 in the wnter rnonths. Th8 hotel operates on low profit margins and operatKJnally ha5 in the past raty broken even. It therefore cannot readily generate additiona1 venUe to make g¢)od Ioss8s arising from any particular downturn or exceptional 8xpenditur8. The hotel trade is labour intensive and the ratio of labouT Costs to sale5 is signrficanly huher than nornal at n8arty 50%. This is because we aim for the holidays to b9 a5 affordablè as Ky)ssible. The hotel is 8 listèd building and maintenance Ss expensive, It is Important that th8 property is maintained land heatedl to a hyJh standard. T8king thesefafxors into accountthe companls policy is to seek lo maintain rèseNès ofat least 4 months'nomiar exp8ndiiuTe1É200.4611. Currèrit rr¥¢$ a approximatety £157,524 abov8 this figur8. PLANS FOR THE FUTURE Despite a considerable amount of money having been spent in previous financial year5, th8 ag8 of tho building and ils listed status mean that both th8 exterior and interior tsl the holel wi51 continue lo require 9xpenditure. The Trustees (onlinue to show caution in agr88ing all but n•cessary expendlture and continue to pul on hold other works so as to preserve cash funds in the sJrt temi. However, Trustèas are hopeful for the 2024125 year wth tKJokings already corning inl Page16
MERTON HOUSE HOLIDAY HOTEL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILinES The trustee5 Iwho are also directors of Mgrton House Holiday Hotel Limited for the purposes of ¢ornpany lawl are responsible for preparing the Council of Management Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdorn Generd11y Accepted AccL)unting Praclicel. Company law requires the trustees to prepa finar¢cial statements for each financia year. Ursder company law the trustees must not approve the financial statements unless they are satisfied ihat they give a true and fair view of the slate of affaits olthe eharitable company and of the incorning re50urce5 and appliCatn of resources, including the income and expenditUTe. ol ihe charitab18 company forthat p8rK)d. In preparing the58 finanual ststem8nls, th8 trustees are required to.. select surtable accountlng policies and then appty them con515tenlly. obsÈrve the rnethod5 and princip$ in the Charities SORP IFRS 1021 make judg8ments and estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and trxplained in thè firlancial stalements. prepare the financial 5tatement5 on the going concern b85is un18S5 it is inappropriate to presume that the charitable company will continue in operation. The truslees are responsible for keeping adequate accounting cordS that disdose with reasonable accuracy at any time ihe financial posilion of the charitablè company and enab18 th8rn to ensur8 that th8 financial statements cornply with the Companies Act 2006. They ar8 also responsible for Safeguarding the assets of th8 charitable •rnpany and hence for taking reasonable steps for the prevention and detectlon of fraud and other irwularib'8S. In so far as tho trustees are awaro.. there is no relevant information of which th& charitable ccynpany's independent examiner Is unaware., and the trustees have taken all the steps that they ought lo have taken to mak8 th8rns88s aware of any levant information and to 85tab1ish that the ind8pend8nt 8X8rniner is 8ware of that information. The finanryal statements of the company have been prepared taking athantsge olthe prowsions applicable to srn811 cornpanigs in the Companies Act 2fKJ6. This report was appToved by ihe Council of Management orn 7 August 2024 M A Parfect- Honorary Secretary Page17
MERTON HOUSE HOLtDAY HOTEL LIMrrED Independent Examlner's report to thg TTUSt•es of Merton House Holiday Hotel Llmited I report to th8 charity trustees on my examination of the accounts of thè wmpany lor the ygar 8nd8d 31 January 2024. whlch arg set out on pages 9 to 16. RESPONSIBILITIES AND BASIS OF THE REPORT As the charity Irust88s of the¢ompany land also it5 directots for the purry)ses tsl company lawl you are responsible for the preparation of thè accounts in aordanCè with tha requireThts of tha Companies Act 20C6 I'the 20( Act'l. HaviThJ 5at15fied myself that the ac¢c>unts of the company are not rgquirèd lo be audrted und8r Part 16 of the 2006 Act and are 81igibla for independent eXaminatn, I report in respect of my examination of your companys x)unts as carri out under section 145 of the Charbties Act 2011 I'lhe 2011 Act'l. In G8rrying out my examinatlon I have followed the dirtctions given by lh8 Charty Commission und8T 5eotion 1451SXbl of th8 2011 Aci. INDEPENDENT EXAMINER'S STATEMENT Since tt)e company'5 gross income axceeded £250,000 your examiner must b8 a rnember of a booy listed in section 145 01 the 2011 Act. I confinn that l am qualif1ed lo undertake the examination b8causa l am a mernber of thg Institut8 ol Chartered Accountants in En9land and Wales, which 15 One of the listed bodies. I have completed my exarnination. I confirm that no m8tters have wme to my attèntion In connection Wbth thè examination gSvlng me cause ¢0 believ8 that in any material re5peet'. ac(xJuntin9 records were not kepl in r8sp£d of the o)mpany as required by section 386 of the 26 Act-. or the accounts do not accord wlh those records., or the accounts do not CoMY with th8 accounting requirements of section 396 of the 2006 Act other than any r8quirèment that the accounts gi a 'trua and fair view. which Is not a Matter considered as part of an Independenl examination., or the accounts have not been prepaEd in accordanc8 Wlth the methods and principles of the Staternent of Re(x)mrnended Practice for accounting and reporting by charities app1i¢ab1e to charities preparing thr accounts in 8C(x)rdance with the Fin8n¢i81 R8POrting Standard applicabl8 in the UK and Republic of Irdand IFRS 1021. I hav8 no cOnrn$ and have (x)meacr05s no otheT Matters in connection wth the 8xamination to which att9ntion shoul drawrn in thts report in order to gnabl8 a proper L¢nderstandir@ of the accounts lo be reached. eter Whltehezd FCA Maleolm Plper & Company Limlted Chartered Accountani8 Klng8north Hou 81enheim Way 81rmlngham B44 8LS Date.. 7 August 2024 Page18
MERTON HOUSE HOLIDAY HOTEL LIMrrED Statement of Financial Activities (including summary income and expendlture a¢Gountl for the ygar ended 31 January 2024 Notes Unrestrictgd Funds Restrlctsd Funds Total 2024 Total 2023 Income Donations and legaoles.. Donations Fundraising activities 3,296 1,071 3,500 6,796 1.071 3.695 899 Charitable activities-. AcLomrno(Jation income 541,731 541,731 491.870 Investment income 7.964 7,964 3.030 Other Income 6.591 6.591 6.651 Total Income 560 653 564 153 Expendltur• Charitable actwitiès 1596,1081 15.2751 I)1.383) 1582,9361 Total exp¢ndltur¢ 582 936 Not l•xptndlturo1l Incom8 before gains and lossès {35.4551 11.7751 137.2301 176.7911 Net Ilossesygains on investments 10 603 603 13,1641 Net lexpendlturel l incorne {34.8521 11.7751 136.6271 179.9551 Transfer btheen funds 11,7751 1,775 Net rnOV8ment in funds 136,6271 136,6271 179,9551 Total funds brought Iotward at 1 Fèbruary 2023 15 680.524 680,524 760,479 Tot81 funds rArried forward at 31 January 2024 643 897 680.524 All of the above r88uIts are derived from ¢ontinuing activities. A11 gains and losses COgnised in the year a included atrx)v8. These unaudtted financia1 statements have been subjected to an indèpendent axamination. Sèa r8POrt on pagè 8. The notes on pages 11 to 16 forrn an integral part of th858 finanLyal siat8rnents. Page19
MERTON HOUSE HOLIDAY HOTEL LIMITED Company rogistration number: 01402197 Balance Sheet as at 31 January 2024 Notes 2024 2023 Fixed assets Tangible assets Inv85tm8nts 285.912 285.912 10 370.824 370.320 Curr¢nt a88 Stocks D8biors Cash * bank and in hand 11,538 15,800 299.612 326.950 10.798 14.095 405,401 430.294 12 Crodltors.. arMut)Is falllng due Twlthln one yoar 53,877 120.090 Net ¢urrent a888ts 273,073 310204 N•t ass•ts 643.897 680.524 Funds.. Total unre$tricted fund$ General funds. includes revaluati reserve of £35,36212023.. £34,740) 643,897 680.524 Total restrlcted funds 16 Total charfty funds 15 680 524 Fortheyearended 31 January2024 thecompany was entrtled to ex8rnPtion from audtt undersection 477 of the Companitrs Act rdating io $rn811 compani8S. These financial statomenls have been prepared in accA)rdanc8 with tha speaal provisions ol Part 15 of the Companies Act 2006 relating to small charitable companies. Directors, respon*biliti89." The mernbers have not requi the company to obtain an audit ol its finanaal statements for the year in questlon In aceordanc8 With section 476. Th6 directors ad(novledge their responsibilities for cornplying with the requireMt$ of the Act with SpeCt to aCC4JuntirKJ records and the preparation of financial statemonts. The finanoal statements were approved and authorised for is5u8 by tha trustees on 7 August 2024 and signed on their behaff by". 8elDirgCtor These unaudite(J financial statements have been subjected to an Indep8nd8nt Examination. Sa• raport on page 8. The noies on pwJes 11 to 16 form an int8gral part ol these financial sta¢ements. Pagel 10
MERTON HOUSE HOLIDAY HOTEL LtMIIED Notes forming part of the financlal slat¢m•nts for the year ended 31 January 2024 A¢¢ountlng F)ollcl¢8 lal Company status The charity is r8gi5tered with the Charlty Commisslon in England and Wales and is also a company registered with Companies House In England and Wale5. It is a private cornpany lirnited by guarantee and consequently does not have a 5har8 capital. The rnembers of the company are the trustees namer5 on page 3. In the event ol the charity being wound up. the liability in respect ol the guarantee is limrted to E5 per m8rnber of the charity. The address of the registered Offi is given in the charity information on page 3 of thg financial statsrnents. The nature ol the charity's operats.ons and princip818ctivities are given on page 4. Ibl Basls of proparatlon The finanryal statements have been prepared in accordaneè wth th8 St8t8rn8nt of Recgmmgnded Pr8¢ti ISORPI. "Accounting and Reporting by Charitse5" a5 applicable to charities preparing their a¢counls in aC(X)rdan wth the Financial R8POrting Standard 102 IFRS 1021 applicable in the United Kingdom and Republic of Ireland i58ued in October 2019 and the Companies Act 2006. except thal the freehold hotel which was gifted to the charity over 30 years ago is not capitali5ed. A5S8ts and liabilities are initially rOgnised at historlcal cost or transaction value unl8SS Oth8rwise staled in the relevant accounting kM)Iicy notes. Th8 presentation currency of the financial statements is the pound slerfing 1£). {cl Fund accounting G8ner81 funts are unrestricted funds which are available for use al the d15cretion of the trusl88s in furtherance of the general objectives ol tho charily and which have not been designated for other purposes Restricted fund5 are amount5 which are to be used in arLordan¢e with specffic restrictions imposed by ¢Jonors or which hav8 b88n raised by the charity for partcular purposes and are not available for any other purpose. The ¢osl of raising and administering such funds are charged againsl the splfIC fund. The aim and use of each reslricled fund is given in not8 16 to th8 financial statements. Investment ineoma and gain5 are allocated lo thg appropriate fund Idl In¢omg reco9nltlon All income 15 included in the SOFA wh8n the charity is legally entitled to the income after any perfomian onditions have been met. the amount can be measuwd reliably, and it is probabl8 that th8 ino)m8 wll be eived. For donations to be rec(NJni5ed th8 charity wi11 have been notified of the arnounts and settlement date In writing. If there are conditions attached to the donation and this r8quir85 a 18v81 of perforrnance before entitlement can be obtained, then income is deferred unti1 those condrtions are fully mgt or the fUlIment of those wnditiorts is within th8 control of the charity, and it is probable that they will be fulfllled Charitable income received for ammOdation in advance, as a d8P05iI or ba18nce for a holiday which occurs after the year end. or provlslon of other sèNie&s, is dÈf8rr8d until thg crrteri8 for income recognition is met. Income is recognised in the period in which the accommodation and holiday is actually taken. Investment income is eamed through holding assets for investrnent purposes such as shares and investment funds. It Includes dividends and intèrast and is alk)cated to th9 appropriate fvnd. Other incorne include5 th8 fdlowing.. Commission which Is COgnised when the ¢haNty has b88n notrfied of th8 amount and se111emenl date in writing. Government grant5 in resp8Ct of the HM Job Ret8ntion Sche. Income from govemment and other grants 15 recognised al fair value when the company has entitlement after any perforrnance conditions are met. it is probable that the incomè will be received, and the 8rnount Can be measured lIablY. If entitlement Is not rnet these amounts are deferred. Other Sundry in(x)m8 wognised on a reNed basis. Pagel 11
MERTON HOUSE HOLIDAY HOTEL LIMITED Notes formlng part of the flnancial statements for the year ended 31 January 2024 Ac¢ountlng poll¢le9 l¢ontsnued} lel Expenditure recopnition All expenditure is awounted ftsr on an aceruaLs bas$ and has been dassif18d un(J8r haadings that gregate all costs lated lo the calegory. Where cost5 cannot be directly attributed to partickJl8r heading5, they have b88n allocaled to activities on a basis consistent with use of the rosources. Expenditure is recogni58d where there 15 a legal or constructive obligation lo make payment5 to third parties. It is probable that settlernent wlll be requir8d, and th8 arnount ol the obligation can be measured r81iably. IQ Tanglblo fix•d assets and depreclatlon Tangible fixed assets comprise only freehokl L8nd and property whh Is held purely for the th8rty's use. FehOld propety is st8ied at cost and is speLyficalty In respecl of the followiro.. The companyownsthefreehold property in Eéde Cross Street, Ross on Wye used as Merton House Holiday Hotel which it Use5 as a hotel. This was a gift from th8 Merton Hous8 Trust in 1978. The original cost of the hotel Is not induded in the property cost as it was gifted lo the charity over 30 yaars ago. The cost of improvement work to the hotel is included in larYJible fixed assets al cost. The rnPanY acquired the fehOld land and buildings known as Central Garage. It demolished the buildings to provid9 additional car parking faclllties for the hotel. Th8 Cost of demolition was Wren off and only the origin81 cgst-plus1egal charges are induded in tangible fixed assgts. Freehold property is not deprlated. nor is it shown at market value as both of these are deemed inappropriate b8causa the property is Corldered to be permanent entjowment of the charity. (gl Investments Inve5trnents are managed by a sub-commiltee of tstee5 and are detailed In the notes to th8 financial stat8ment5. The allocation ol the investments and inv8stment incorng is also disdosed in the rKites lo the financial statem8nls. Investments a stated at market value at the balance sheet date. The Statement of Financial Aclivrtie5 includ8S th6 nel gains and losse$ arising on revaluations and disposals throughout the year. Ihl stock Stock consists ol purchased goods for resa18. Stocks are valu&l at the lower of cost and net reali98blè value. Provision is made for damaged, obsolete and s1ow-rmving stock where appropriate. D•btors and credltOT8 recelvable I payable withbn ono ar D8btors an¢J creditors wth no stated interest rale and receivable or payable within one year are re)rded al tr8n5action price. Any losses arising frorn impairm9nt are r8(x)gnis8d in 8xp6nditure. (J'l P•nslon costs The charitable cornpany operates a defined contribulion p8nsion scheme lor the benefit of ils employees. Contributions are ¢harg8d in the Statement of Financial A¢tNities as they be(x)rne payablè. Ikl Tax The charitsble company is an 8XWllPt charity within the rneaniro of Schedule 3 of th& Charftios Act 2011 and considered lo pass the le5ts Set out In Paragraph 1 Schedule 6 Finance act 2010 and 1h6re10 m*ets thè dèlinrtion of charitable MpanY for UK corporation lax purposes. Pagel 12
MERTON HOUSE HOLIDAY HOTEL LIMITED Notes formlng part of the financlal slat&ments for the year ended 31 January 2024 Incomg from donaUon$ Unrestricted Funds Restricted Funds Total 2024 Tot81 2023 Donatlons over £1.000 Rostrlctod Marsh Cornmercial 3,500 3.500 Unrestricted Roger Jefcoate The Rotary Club of Birmingham 1,000 1,350 1.000 1,350 2.000 Invostmont Incorno Unre$trl¢ted and Total 2024 un$trIcd and Total 2023 Investment in(x>m8 and dividends COIF Charities deposit fund interest Bank Interest 2.261 453 5,250 2.590 99 341 Othgr Incomg Unr85trictèd and Total 2024 Unrestricted and Total 2023 Other incorne 6,591 6.651 6,591 6.651 Total •xpèndltuM Other dlrect costs Staff costs Is88 note 71 Total 2024 Total 2023 Cost8 of ganerating fundy.. Ch8ritaNe aclivilie5 Governance Costs 320.805 276.400 4,178 597,205 4,178 578,832 4.104 320.805 280,578 601,383 582,936 Included in other direct charitsble costs a costs attributed lo $tricted Income of £5.27512023" £nill. Total 2024 Total 2023 Governance o)sts include., Independenl examinerf8e Fin8nce Officer External Accountant Investment Fee Lagal Fèas 3.300 504 275 99 3,000 504 2SO 100 250 4.178 P&Jel 13
MERTON HOUSE HOLtDAY HOTEL LIMITED Notes fomiing part of the financial statements for thg year gndod 31 January 2024 Trustees. remuneration No member ol the cA)uncil ol management ha5 Tetsivèd any mune0t10n, nor have they been reimbursed for eXpditUre in connection wrth the charity. during th8 year. Staff costs 2024 2023 Wages and salaries Social securily Ix)sts Pension wsts 307.084 8.343 5,378 283.022 8.657 5,559 320.805 297,236 Tho eharty has no employees with emoluments over £60.000 in tha year. Th8 average number ol persons {including trustees) employed during th8 yaar was 2812023.. 271. Pen51on costs Th8 charity operdt85 a defined contribution pension scheme, and contribution5 a charged in the statement of fin8n¢iJ activities 35 they accru8. The Gharge for the year was £5,37812023.. £5,559). At the balan sheet date there were outstandin9 Contributions of £311 12023.. £3921. Tanglble fftxed assots Fw8ehold Property Cost At 1 February 2023 and at 31 January 2024 285.912 Not Book Valug At 31 January 2024 Al 31 January 2023 285,912 10. Fixod asset investments Quoted Investmènts Mark•t value At 1 FebnJary 2023 Change in market value in the year Disposal 84,408 603 199) At 37 January 2024 84,912 Historlcal Cost At 31 January 2024 At 31 January 2023 49.668 The market value ol investments is based on the quoted market prices at 31 January 2024. Page114
MERTON HOUSE HOLtDAY HOTEL LtMrrED Notgs formlng part of the Ilnanclal stalemenls for the year ended 31 January 2024 11. Stocka 2024 2023 Goods for usè in tha hot81 Good5 for resale 2,935 8,602 2.741 8,057 11.538 10.798 12. D•btors 2024 2023 Trade debtors Other debtor5 Pr8payrn8nt5 4.738 225 10,837 3,922 225 9.948 14,095 13. Credltor8'. amounts falling dua wlthln one year 2024 2023 Trade ¢ditorS Taxation and social $8curily Deferd Income (see note 141 Accruals 6.766 2.104 34,819 10,148 63,8 1,689 39,368 15.143 53.837 120,090 14. Defermd Incomo Deferred incLJme wmprises deposits received in ailvance for hot81 roorrts trK)ok8d for holidays after 31 January 2024. 2024 2023 At 1 February 2023 Amount released to accommodation incorna Amount deferred in tha year 39,368 130.6981 43.489 48.424 147,6541 38,598 At 31 January 2024 34,819 15. Reconclllatlon of movements in funds Unrestricted Fund6 Restricted Funds (see note 161 At 1 February 2023 Income Expenditure Gain on r8v81u8tion Transfer 680.524 560.653 1596.1081 603 11.7751 680.524 564.153 1601,3831 603 3.500 15,2751 1,775 At 31 January 2024 643.897 643,897 Pagel 15
MERTON HOUSE HOLtDAY HOTEL LIMITED Notos formlng part of the financial statements for the ygar ended 31 January 2024 16. Restrlcted funds Total rostrictod funds At 1 February 2023 and At 31 January 2024 17. Analy81s net a85trts bètsveen funds Restrlcted Funds Unrestrlctsd Fund Tot41 Fund balances at 31 January 2024 arn represented by-. Tan9ib18 fix8d assèts Investments Current assets Current Liabi1Sts-es 285,912 84,912 326.950 153.8771 285,912 84,912 326.950 153.8771 Tolal not a$sets 643,897 643,897 Pagel 16