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
Registe￿d 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
Cha￿ty reqlstratlon numlxr:
277171 IEngland and W818sl
Company Y¢g1$trotlon number..
01402197 (England and Wales)
Page13

MERTON HOUSE HOL￿Ay HOTEL LIMITED
R•port of the Council of Management for tho year ended 31 January 2024
The Coun￿1 who are the trustees and also the directors of the charity for the purpos88 of th8 Companies Act,
subrnit th*r annual r￿ort 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 per￿1Ved that 8 tr￿18* 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 (ReS￿ned 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 fu￿lI￿rent 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 ROsS￿n-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
p￿doMinant 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 Sp￿al 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 financ￿al 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 eXp￿dituT•.
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 ra￿ty 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 r￿r¥¢$ 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 s￿Jrt 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 appliCat￿n 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 th8rns8￿8s 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 a￿ordanCè with tha requir￿￿eThts 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 eXaminat￿n, 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 2￿6 Act-. or
the accounts do not accord wlh those records., or
the accounts do not CoM￿Y 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 th￿r
accounts in 8C(x)rdance with the Fin8n¢i81 R8POrting Standard applicabl8 in the UK and Republic of Irdand
IFRS 1021.
I hav8 no cOn￿rn$ 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 $rn811 compani8S.
These financial statomenls have been prepared in accA)rdanc8 with tha speaal provisions ol Part 15 of the Companies Act
2006 relating to small charitable companies.
Directors, respon*biliti89."
The mernbers have not requi￿ the company to obtain an audit ol its finanaal statements for the year in questlon In
aceordanc8 With section 476.
Th6 directors ad(novledge their responsibilities for cornplying with the requireM￿t$ 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
r￿Ognised 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 part￿cular purposes and are not available for any other
purpose. The ¢osl of raising and administering such funds are charged againsl the sp￿lfIC 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 fU￿lIment of
those wnditiorts is within th8 control of the charity, and it is probable that they will be fulfllled
Charitable income received for a￿mmOdation 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 Sch￿e. 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 r￿eNed 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 wh￿h Is held purely for the th8rty's use.
F￿ehOld 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 f￿ehOld 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 Wr￿en off and
only the origin81 cgst-plus1egal charges are induded in tangible fixed assgts.
Freehold property is not depr￿lated. nor is it shown at market value as both of these are deemed
inappropriate b8causa the property is Cor￿ldered to be permanent entjowment of the charity.
(gl Investments
Inve5trnents are managed by a sub-commiltee of t￿stee5 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$trl¢ted
and Total
2024
un￿$trIc￿d
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
eXp￿ditUre 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
Defer￿d 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