MERTON HOUSE HOLIDAY HOTEL LIMITED {A company limit&J by guarantee) Trustees Report and Financial Statements For the year ended 31 January 2025 Registered Charity no.. 277171 Registered Company no.. 01402197
MERTON HOUSE HOLIDAY HOTEL LIMITED Contents Page Legal and administrative inforrnation Raptsrt of thè couneil ol managemènt lincluding diroctors. reporti Indepgndgnl 8X8minges report Statement of financial activit$ 8alanc% sheet 10 Notes to the finanaal ststements
MERTON HOUSE HOLIDA Y HOTEL LIMITED Legal and administrativa infomiation Couneil of memr5 D C Pick- Chairrnan A E Biggs IDece8sed 08 April 225) SGUY R J Lee- Honorary Treasurer B l Lind53y M A F Parfe¢t- Honorary Secretsry C S SpIr S R Teasdale (Appointed 07 August 20241 A T Walker (Appointed 07 August 20241 Flnance Offlcer. E Richards General Mana9er'. Mrs K Sharland Roglstor•d Offic•: Marton Housa Edde Cross Street Ross on Wye Hef0rdshIre HR9 7BZ Indepgndgnt Examlr*r: Peter Whitehead FCA Malcolm Piper & Company L Thited Charte Accountants and Business Adwsors "ngsnorth Housè Blenheim Way Bimiingharn B44 8LS Bankers: Lloyd5 Bank PLC 36138 New Stree( Bimiingham 82 4LP Chorlty roglstrallon number.. 277171 (England and Walesl Company registration number: 01402197 IEn9land and Wale51 Page13
MERTON HOUSE HOLtDA Y HOTEL LIMITED Report of the Council of Management for the year ended 31 January 2025 The Council who are the trustees and also the directors ol the charity ftr the purposes ol the Ccmpanw Act, sutThit their annual report and th& unaudited financial statements lor the yearended 31 January 2025. The Injstoes hav8 adopted th8 PIOV15ions of the Statement of R8comm8nded Practice ISORPI 'Accounting and Repothng by Charities" IFRS 1021 in preparing the annual report and financi81 statements of the charity The financial 5tatsments have been prepared accordance wth the accountiThJ poliues set out in notes to the financial statements and comply with the charity's gov8rning document, The Charits"e5 Act 2011 and Accounting an¢J Repoiting by Charities." Statem8nt of R8comm8fKl6d Practice applKabl8 to charities preparing th81r accounts in accordance with Financial Reporting Standard appliG3ble In the UK and Republic of Ireland published in Ortober 2019. STRUCTURE. GOVERNANCE AND MANAGEMENT The company was inccrporated on 27 November 1978 with Companies House in England and Wales (registration number 014021971. The company is a cotnpany litnited by guarant and therefore doe5 not have a sharo capital The liability ol members and details of their guarantee a shown IF) th6 ntstès to th* financial statetnonts. The COmpY is also a charity having been regtered on 24 June 1979 with the charits Commission in England and Wales Icharity number 2771711. Thè eharity h89 8 plan in pla to identify and train new trustees as aThY when they become aware of individuals with an interest in the charity's activities. or where it is percewed that a trustee wth an addonal skill set. to complement those held by Cunt trustees. is required. DIRECTORS AND COUNCIL MEMBERS None of the counril members has any interest in shares of the company because the company is limited by guarantee. The council mambèrs who hèld offth during thè yaar re as follows". D C Pick- Chairrnan A E Bigg5 IDecea58d 08 April 20251 R.G. DKkinson (Resigned 14 February 20241 SGUY R J Lee- Honorary Trèasurer 8 1 Lindsay M A Parfect- Honorary Secretary C S SpIr S R Teasdale (Appointed 07 August 20241 A T Walker (Appointed 07 August 20241 Nominated by the Rotsry Club ol Birmingham Nominated by Birmingham Fellowship for the Handicappad Appointee of the Ctsuncil of Management CHARITY OBJECTIVE AND PRINCIPAL ACTIVITIES The ¢harity's objective is to relieve the physically handicapped and disabled by establishing and maintaining a holiday home or homes for persons who by reason of their physical deficiency or infim)ity quire spec131 attention. In th• yèar undèr revith the fUrment ¢f that charity objectNe cont'nued by providin9 holidays in a caring and safe environment to people with di8abilities, whether through age or ill health, requiring sal aitention. No changes are foreseen in the Immediate futu. P8ge14
MERTON HOUSE HOLIDAY HOTEL LIMITED PUBLIC BENEFIT The purpose of the charity is detailed in the charity objective and prinrip31 activities above and is available to all members of the general public who due to physical deficiency or infimiity require special attention from a holid8y home. ACHIEVEMENTS & PERFORMANCE Over 1.000 people every year take a holKlay at Merton House. w¢th a Significant number coming several year, demonstrating that a real need is being met. The hotel is 51tuat8d at RO85-on-e in the beautifvl We Valley", a wpulartouristarea, In a particu18dy pictu$qUe spot in the town overlooking the horseshoe bend of the River We. The commanding situation rnean5 that 8ven guests with limited mobility are able to enjoy the lovely views ol the Herefordshire countryside frcrn the hotel sun bunge or its gardèns. B8cau58 of its speaalism the hotel does not cater for th8 casual tOUri5t or wsitor'off the 5treef. Histoncaly the predominant number of holidays have been on a weekly basis but increasingly the hotel is able to offer flexible shorter breaks ol a few days. The words ol appreoation from guests and the many repeat visits show that the aims of the charity continue to be achieved and for this the managernent ancj staff deserve credit for their commitment and efforts. We continue to be hugely indebted to the help and support olvolunteets and fnends of Merton House, and in particular The Rotsry Club of Birmingham and its marnt*ts. The airn of the Hotel is to prode affordab. caring and enjoyable hdidays for the special people we serve The benefits ol a holiday or a break away 8re well ognISed but the opportunity Is limited for those with disabilities and for les5 rnobile elderty people 35 hote15 are rarely d15abled friendly, and if they are they may be unrealislically expensive.. but th8t is our target market Important features indude emergency pull cords in 811 bedroorns and bathrooms, wet rooms forwheelchair a$8. and support rails in all bathroom5 These mean the hotsl Is nolrealty Suitab for the able Lx)die(J and it does not seNc& that more profitable sector ol the community. The hotel also speryal in the service il provides For eKamp18, transport Is a probl8m for many èldérly and disabled people. restricting their ability to go away even if they ran find 8 Suitable de5tin8tion. But M8rton Hous can arrange door to door transport for the vast majority of its guests. There is specially adapted Ir8nsport for wheelchair users and several mobility scooters for the free use ol guests. The hotel liaBe5 With local doctors and distnct nurse5 to ensurp that, where guests need on-goiry m8dical attention, that It can be provided on holiday. It ac(xpts guests who are dependent on oxygen". en5ure5 that guests have t physical aids that their reducéd mobility might require., and takes care to cater for guests, special dietsry need3. Moreov8r. the aim 15 to make the holiday as affordable as possibie by keeping charges lo the rninimwn. Trips are awailabl& on rnostdays in the hotel minibus to nearby beauty spots or places of special Interest, and on several evenings of each week entertainment is prowded In tha hot81. So, in all th8sa ways M8rton House is proud to provKl• a real seNce to rts guests and to the community. DONATIONS Datails of don8tion$ received of mt>W than £1,0 are shown in nots 2 to thè financial statsmants. FINANCIAL REVIEW Thè results forth8 y88r and financial posibon ofth8 comp8ny arè As ghown in the St8tement of Finaniial Actimtiès on page 9 and the 8alance Sheet on page 10. Th&re Wafè no restrict8d transactions in th8 current financi81 year12024- 11. Tumover levels reflect a very pleasing inuease in accommodal'on and food income in spite of only a marginal increase In the numbers of sleepers. For the current year the number of sleepers were 4.987 and 5,459 In 2024. Expenditutè in the main has continued to w811 controlléd, lika many organisats.ons our staff costs have been impacted by the increase in the National Minimum Wage Proparty paIrS were le$$ this yoar following $ubst8nbal expenditure last year to the roof and sun lounge Light, heat and power costs have been impactsd by the rise in the global enèrgy pric8S. RESERVES POLICY At 31 January 2025 tho company hèld rèsarvas. lass tha propety, of £298.62412024.' £357.9851. This includes restrthd funds of £NIl12024". £Nill. The annual èxpenditure for tt)e year for the on-going activities was £642,570 12024.. £601.3831. The r8serves therefore represenl 6 rnonths12024.. 7 rnonths) of°normal' annual expenditure. Pagels
MERTON HOUSE HOLIDA Y HOTEL LIMITED RESERVES POLICY Icontinuedl Rèserves are necejsary because. The hotel business is highty seasonal and ours, despite its uniqueness, is no different. Accordingly, the hotel invariably trades at a significant loss In tre wint6r months. Thè hotd OF¢rates on low profit margin$ 8ThJ operationally has in the past raffjty broken even. It therefore cannot readily generate addib'onal revenue to rnake gocAY losses arising from any partiwlar downturn or exceptional expenditure. Thè hot81 trada labour int8nsiva and tha ratio tsf18bour costs to 58105 1$ signifiontry higher than at nearfy 50% This is becaLJ5e wè aim for thè holidays to be as affordable as possible. The hotel is a listed building and maintenarKe is expenVe. It is Important that the property Ls maintained land heatedl to a high standard. Taking these factors into account, the company's policy is to seek to maintain reserves of at least4 rnonths'nomial. expenditure £214.19012024- £200.4611. Current Seryes are approximately £84,43412024- £157,524) above this figure. PLANS FOR THE FUTURE Despite a considerable amount ol money having been spent in prev)uS financial years, the age of tho building an¢J rts listed status mean that both Ihe èxtèrior and intèrior of the hot81 will continuè to tsquirÈ exp8ndilur8 Tha Trustse8 ¢xJntinue to Show cauts'on in agreeing all rceSSary e¥peThYiture and continue to put on hold other works 50 as to preserve cash funds in the short term. The trustees have identified a coverage ol the hotel an¢Y the replacement of carpet during the coming financial year. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who a also directors of Merton Housè Holiday Hotèl Limitèd for the purposes of company lawl 8r$ tesponsible for pieparing the Council of Manag8rnent Report and th8 financial 5taternents in acwrdance with applicable law and United Kingdom A(xoynbng Standards IUnite¢J K4'ngdom Generally AccBpted Accounting Practice). Company law reqreS the trustees to prepare financial statements for each financial year. Under company lawthe trustees must not approve the financial 5tatement5 unless th8y ar8 satisfied that thay give a true and fair view of the statè of affairs ofthe charitatje company and ofthe incoming resources and applicats'on ol SourCes, including the income and expenditure, of the charitable company lor that period. In pparing these financial statèments, thè trustees are requi to.. select $urtable accounting policies and then apply them con515tenfjy. observe the Methods and princip$ in the Charities SORP IFRS 1021 make judgements and estimates that are aSOnable and prudent. state whether applicable UK Aceounth"ng Standards have bèan followed. subj8Ct to any mat8ri81 departLJres disclosed and explained in the financial statements prepare the financial statements on the going COnM basis Un$S it is inappropriate to presume that the charitable company wll continue in operation. The trustees are responsible for keen9 adequate aco)unty'rrtJ records that disd05e with reasonable accuracy ai any time the financial position of the charitable company and enaNe them to ensure that the finanual statements comply with the CoMpanS Act 2006. They are also responsible for safeguarding the assets of the chantable company and hgnc6 for taking raasonable steps for thè prevèntion and datscts.on of fraud and othar irragularits"85. In 50 far a5 lh8 trustees are aware.. there Is no levant infomth.on of which the charitable company's indepeThJent examiner is unawarè," and the tnJstee5 have taken all the 5tep5 that they ought to have taken to make thernselves aware of any vant infomiation and to establish that the independent examiner is awa ol that infomiation. Pag816
MERTON HOUSE HOLIDA Y HOTEL LIMITED Tr8 financial statèmènts ofthe company h8V8 boen prepared taking aLfvantsge ofthe prowsH)n8 applicable to small companies in the Cofflpanies Act 26. This report was approved by the Council of Managem8nt on 30 July 2025. M A Parfgct- Honorary Secretary Pag$17
MERTON HOUSE HOLIDA Y HOTEL LIMITED Independent Examiner's report to the Trustees of Merton House Holiday Hotel Limlted I report to the charity trustse$ on my examin8tK)n of the atxounts of the company for the year ended 31 January 2025, wh1ch are set out on pages 9 to 16. RESPONSI8ILITies AND BASIS OF THE REPORT As the tharrty trustees ofth8 cornpany land also its directors forthe purposesofcompany lawl you a responsible for the preparation of the accounts in accordance wbth Ihe requirements ol the Companies Act 20Lb I'thg 2QK Act'i. HawrrfJ sth"sfied mysellthattha aceounts oftha company are not requir9d to be auditsd under Part 16 ofthe 2006 Act and are 8ligible for independent Èxamination, I report in resrEct ol my exarninats'on ol your companls accounts 85 carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carying out my examination I have follow the direc*'ons gNen by the Charty Commission uThJer sedion 14515Xbl ol th& 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the company's gross income exceeded £250,OW y¢yJr examiner must be a rnember of a body li5t8d in section 145 of the 2011 Act. I confirtn that l atn qualified to undertakg the examination because l aln a meTnber of the Inststute of Chartered Accountants In England and Wales. which is one of the listed bcAYies I hav8 completed my examination. I confimi that no matters have come to my attention in COn¢"0n wrth tre examination givirrfJ me cause to believe that in any matènsl rèspsct. accounts.ng records were not kept in respect of tIE cornpany a5 required by SeCt)n 386 01 the 2006 Act", or the accounts do not accord with those records., or the accounts do not comply wth the accounting requirements of section 396 of the 2006 Act other than any requirement tt)at tha accounts givè a 'true and fair view, which is not a matter considered as part ol an indendent examination.. or the accounts have not been prepared in aecordance with the metho(Is and principles of th8 StatÈment of Recommended Practi for accounts.ng and reporting by chanties applicable to charities preparing their accounts in a¢wrdance Wth Finanryal ReportiTrJ Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concErns and have come across no other matters in connection wrth examin8ts.on to whth attention shoul drawn in this r8POrt in order to enabk a proper understanding of the accounts to be reached. or Whit8h8ad FCA Malcolm Piper & Company Limitsd Chartered Accountants Klngsnorth Housè Blenheim Way Birmingham B44 8LS Date.. 30 Juty 2025 Pagele
MERTON HOUSE HOLIDAY HOTEL LIMITED Statement of Flnanelal Actlvltles Ilncludlng summary Income and expendlture account) for the year ended 31 January 2025 Notes Unregtilcted Funds Restricted Funds Totsl 2025 Total 2024 Incom• Donations and legaogs.. Donabons Fundraising acti¥At 5.707 1.229 5.707 1,229 6.7 1,071 Charitabla actNitias". Accomrnodati incomè 543.178 543.178 541.731 Investment income 8.654 8,654 Other income 8,146 8,148 6,591 Total income 586 918 566 916 564 153 Expendlture Charitable actMti8s 1642,5701 1642,5701 1601.3831 Totsl eXnlIre 642.570 642.570 801 383 Net lexpendiiurey income b•fore gains and losses 175.6541 175,6541 137,2301 Net Ilossesygains on investrnents 10 16,293 18,293 603 Not loxpondlturo) I Incomè 159.3611 159,3611 136,6271 TranSr bèlwaan funds Net movement In funds 159.3611 159,3611 136,6271 Total funds brought fOard at 1 February 2024 15 643.897 643,897 660.524 Total fun¢Js carried forward at 31 January 2025 15 584,536 584,536 643,897 All of the above results are derived from continuing activities. All gains and losse5 recognised in the year are included above. These unaudited financial statements have been subjected to an independent examination. See reporton page 8. The notes on pages 11 to 16 form an integral part ol these finanual statements. Pag•19
MERTON HOUSE HOLIDAY HOTEL LIMITED Company reglstration nurnber: 01402197 Balance Sheet a$ at 31 January 2025 Notes 2025 2024 Flxed assets Tangble assets Investmènts 285,912 285.912 84,912 10 375,127 370,824 Current assets Stocks Debtors Cash at bank 8nd in hand 10,910 23,783 243, 181 277,874 11.538 15.8(Kl 299.612 326.950 12 Credltors: amounts falllng duo wlthln one year 13 68 465 53.877 Net current assets 209.409 273.073 N•t a6sets 584.536 Funds: Total unr•strlet•d funds General funds - includes revaluation reserve of£35.36212024.. £35.3621 584,536 843,897 Total restrlcted fut)d$ 16 Totsl ehadty fund# 15 584.538 Forthe yearended 31 January2025 tha company was ant8 toaxèmption from audit undersection477 ofthe Companies Act relating to small companie3. Tttèse finAnaal statèments have been prepared in aco)rdance with the speual provisions of Part 15 01 the Ccynpanies Act 2006 relating to 5fflall charitabk cofflpanies. Directors, restx)nsibilities' The Fnember5 have not reqUId the company to obtsin an audit of its finanoal ststements frjr the year in que5ts.on in accordance with section 476. The ditsctors 8cknowkdge their responsibilits.es for comptying with the requirements of the Act with respect to accounb.ng records and the preparab.on ol finanaal statements. The financial statements We approved and authorised for issue by the trustees on 30 July 2025 and signed on th811 behalf by-. DCP IDI These un8udited fin8nty81 statements hav¢ been subjected to an Independent Examination. See report on page 8. The notes on pages 11 to 16 form an integral part of these finanu818tatements. Page110
MERTON HOUSE HOLIDA Y HOTEL LIMITED Notes fonnlng part of the flnancial statements for the year ended 31 January 2025 Aceounting polici88 lal Company gtatug The charty Is regISted wth the Charty CornmtssSon in England and Vvales 8nd Ss also a comp8ny r6gisteied with Cofflpanie5 House in England and Wa185 It is a privat8 company limited by guarantee and conseqLJently does nol have a share capitsl. The member5 ofthe company are the trustees named on page 3. In the event of the charity being wound up, the liability n respe¢t of the guarantee is limited to £5 per rnember of the charity. The addsS of the gIStered Offi is given in the charity Information on page 3 01 the financial 5taternents. The natuE of the charity'5 operation5 and principal actiwties art given on page 4. Ibl Ba81# of preparation The financial statements have been prepared in accordan wth the Statement of Recommended Prathcè ISORPI, -Accounting and Reporting by Chariti&s" a5 applicable to chaiits"e5 preparing their accounts in accordaneè with thè FinancAal Rèporting Standaid 102 IFRS 1021 applicable in the Untsd lQ'ngdom and Republic of Ireland issued in October 2019 and the C(Knpanps Acl 20(kS, except that the freehold hotel which was gifted to the charity over 30 years ago is not capitalised. Assets and liabilits.es are inits.ally recognised at historical cost or transaction value unless othetwise stated in the relevant accounting poIY notes. The presentation currency of the finarKpl $tRnts is the pound stedrg 1£). Icl Fund accountlng Gen8ral fvjnds are unrestricted funds which are available for use at the discretion of the Iruslees in fvrtheraD of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are amounts which arè to bè usad in aecordanc& wth Specif restnctions imposad by donors or which have been raised by the charity for particular purposes and ara not availablè for any othèr purpose The c05t of raisin9 and administering such funds are charged against the specifi¢ fund. The aim nd use of each restricted fvnd. where 5u¢h fund exists. is given in nots 16 to the financial statements. Investment income and gains are allocated to the appropriate fvnd. Idl Ineoma recognltlon All income is included in the SOFA when charty is legally entitled to the income after any performan conditions havè b8èn me( thè amount (sn bè m889ur8d rèliably, and rt is prrt)ab th8t thè in(x>me will be received. For donations to be recognised the charity will have been notified of the amounts and setuement date in writin9. 11 there S conditions attachèd to th8 donation and this iequirès a lèvel of pèrfoitnance b8for8 entitlement can be obtained. then income is deferred until those conditsons afy fulty met or the fulfilment of th058 conditions is within the control of the charty. and it is probable that they will be knlfilled. CharItae incoma racaivad lor accommodation irt advancè, as a dèposit or balanca for a holi¢Say whith occurs after tt)e year and, or provision of othér ServS, is dafèrred until thè criteria for ineoma rè¢(wJnityon is met Incorne is renised in the FeriCMI in which the acwmmcdatK)n and holiday 15 actually taken Investsnent income is eamj through holding assets for invesbnent purposes such as Shares and investment funds. It includ&s dividends aThY Intar&st and is allocated to the approprlate luThJ. Other incorne includes th8 fdlowing.. Commission which Is recognised when the charrty has been notified of the amount and sethèment date in writs"ng. Income frorn govémrnant and oth8r grants is fecognisad at f8ir v81uè when the eompany has 8nb'Uement after any performance conditions are mel it is probable that the income will be reived, and the amount can be measured reliably. 11 entitlement Is not met thes6 amounts are d•farrad. Other sundry Income is recognised on a received basis. Pagel 11
MERTON HOUSE HOLIDA Y HOTEL LIMITED Notes fomilng part of the flnanclal statements for the year ended 31 January 2025 Accounting polici88 Icontinuedl lel Expenditu re¢ognltlon All eXpendrtu Is accounted foron an accruals basis and has been dassified undef headings th aggregate all costs r8lat8d to the category. Vvhere costs cannot be directly attnbuted lo pa"cUlar headings, they have been allocated to activities on 8 ba515 COn5i818ntwith us8 ofthe r8sourc85. ExpetKliture is recognised where there is a legal or wnstructive obligatson to make payments to third partie5. rt is probable that Settrnent will be required, and the amount ol the obligation can be measured reliabty In Tanglbla f4xed a880ts and depreelatlon Tangibb fixed assets c¢)mprise orlty freehold land and property whrch 15 h8hd purely for thè chanty's use. Fréèhold prwrty is stated at cost and is S¢%fiCa1ty in respect ol the following.. The company own$the freehold prop8rty in Edde Cr05s Street. Rosson Wye used as Merton House Holiday Hotel which it uses as a hotel This was a gift from the Merton House Trust in 1978. The original cost of tha hotel Is not included In the propety cost as it was gifted to the charity over 30 years ago. The c05t of impfovwnènt woth to tha hotol Is Include(l in tarKJible f5xed assets at cosl. The company acquired the treehold land and buildings kn¢)wn as C8ntral Garage. It demolished the buildings to prowde additK)nal car pathing faalities for the hotel. The cost of demolition was written off and only the ortqinal cost-plus legal charges are included in tangib fixed assets. Freehold property is not depreciat8d, nor is It shown at market value as tx)th ol these are ¢Jeemed inappropriate because the property considered to be a perrnanent 8ndowm8nt of the charity. Igl Inv•stm•nts Investments are manag&1 by a sub-ummrtee of trustees 8fKI detailed in the notes to the finala1 statements The allocatson of the investyllgnts and inve51rn8nt incorne 15 also disclosod In the notes to Ihe financial ststernents. Inv8stments are stated at market V8lue 8t the baLgnee sheet date. The Statement of Financia Ath"vities indud85 the n8t gain5 and105S85 arising on revaluations and disptssals throughout the year. Ihl Stock Stock CC518 of purchased goods lor use in the hotel or for rtsale. Stccks are valued at lower of cost and net realisable value. Provision 13 made ft)r damag1, obstslet8 and slow-mowng stod( whe appropriate. D•btors and ereditor¥ T8eeivabl• I payablè within one year Debtors and creditors with no Stated int8resl rats and rec8W8ble or payablèwithin ona year are rècofded at transaction price. Any losses arising fvom impaimnt are recognised in expenditure. lj'l Pension costs The charitable company operates a defined contiibuts'on pension scheme for the berefit of ts noYees. Contributions are charged in the Statement ol Financial ActNib"es as ihey become payable. Ikl Tax The charitable company is an exempt charity wiU)In the meaning of Schedule 3 of the Charities Act 2011 and is considered to P8ss thè tests sèt out in Paiagraph 1 Schedule 6 Finance 2010 and therefore il meets the definition of charitsble company for UK corporation tsx purposes. Page | 12
MERTON HOUSE HOLIDAY HOTEL LIMITED Notes formlng part of the flnanclal statements for the year ended 31 January 2025 (continuedj Income from donallons Unr•strlct•d Fund8 Rastrictad Funds Total 2025 Total 2024 Donatlons over £1.000 Restricted Math Cotnmère181 3,500 Unra$trlctsd Roger Jefcoate North Glos Oddfèllows Maxstoke PGC Taylor The Rotary Club of Birmingham 1.000 1,000 1,362 1.000 1.500 1.OCO 1.362 1,0(K) 1.500 1,000 Inve$trnent incom? Unrg$trlctsd and Totsl 2025 Unrg$trl¢tsd and Total 2024 Investment incorne and divklends COIF Chantres deposit fijnd Interest Bank interest 2.672 44 5.938 2.261 453 5.250 Other income Unrostrlcted and Totsl 2025 Unrostrlctod and Total 2024 ¢)ther incorne 8,148 6,591 8.148 6.591 Totsl expenditure othor dlrèct costs Staff eosts (see note 71 Total 2025 Total 2024 Co$ts of generatlng fund$'. Charitable acts"vits"es Govemance cost5 353,645 284,771 4,154 638,416 4,154 597.205 4,178 353,645 288.925 642,570 601.383 Includ&J in other direct charitable costs are costs attn"buted to restried income ol £Nil12024.. £5.2751. Total 2025 Totsl 2024 Govemance costs include.. Independent axaminar f88 Finance Officer Extemal Accountsnt Investsn&nt Fae 3,3(Kl 504 275 75 3,300 504 275 99 4.154 4,178 Page113
MERTON HOUSE HOLIDAY HOTEL LIMITED Notes fomiing part of the financial statements for the year ended 31 January 2025 (continued) Trust•••' r•mun•ratlon No member of the council of managernent has reIVed any remunerdb'on, nor have they been reirnbursed for expenditure in Connection wth the charrty. during the year. Staff costs 2025 2024 Wages and salaries Socid security costs PensK)n eosts 334,717 12,327 6,601 307,084 8,343 5,378 353,645 The tharity has no employees with emoluments over £60.0) in the year. The average number of persons lincluding tnjsteesl employed during the year was 2712024.. 281 Pgnslon co$ts The charity operates a defined contribution pension scheme, and contributions are charged in statement of financial activities as they accrue. The charge for the year was £5,37812024.' £5,378). At the balan sheet date there were outstsnding contiibution5 of £32712024.. £3111. Tanglbl• fixod a68•ts Fr•èhold Property Cost At 1 February 2024 and at 31 January 2025 285912 N•t Book Valuè At 31 January 2025 285,912 At 31 January 2024 285 912 10. Fixed asset inveslrnents Quot•d Investments Market value At l February 2024 Change in market value in the year Disposal 84.912 16.293 111.9901 At 31 January 2025 89.215 Histori¢al Cost At 31 January 2025 38.043 At 31 January 2024 49.550 The market value of investrnents is based on the quoted market prices at 31 January 2025. Pag8114
MERTON HOUSE HOLIDAY HOTEL LIMITED Notes formlng part of the flnanclal statements for the year ended 31 January 2025 fconlinued) 11. Sto¢kB 2025 2024 Good5 for us8 In the hotèl Goods for resale 3.101 7,80g 2,935 8.602 10.910 12. D•btorn 2025 2024 Trade debtors Other debtors Pr8paytnent5 14.051 1.575 8,157 4.738 225 10.837 23.783 15.8Th) 13. CrodltOf8'. amounts falllng due wbthln one year 2025 2024 Tr8dè er8df(ors Taxabon and social secyrily Deferred income (see note 141 Accruals 15,29) 2.906 42,033 8.236 6,766 2.104 34.819 10.148 68 465 14. Deferred Ineome Deferred incA)me comprises deposits receiv in advance for hotel roorns booked for holidays after 31 January 2025. 2025 2024 At 1 February 2024 Amount reaSed to accommottthon Income Amount dèfarred in thè yèar 34,819 134.8191 42,033 39.368 130.6981 43,489 At 31 January 2025 42.033 34.619 1S. Reconclllatlot) ol movemonts In fund8 Unre8trEc18d Funds Restrlctsd Fund¥ (see note 161 Totsl At 1 February 2024 Income Expenditure Gain on valuab"On Transfer 643.897 566.916 1642.5701 16,293 e43,897 566.916 1642.5701 1e,293 At 31 January 2025 584,536 584.536 Pagel 15
MERTON HOUSE HOLIDA Y HOTEL LIMITED Notos foming part of the financial statements for the year ended 31 January 2025 (continued) 16. Anatysis rt•t assets b8tW88n fund8 Rgstrlctsd Fund8 Unre$trl¢tsd Fund Total Fund balance8 at 31 January 2025 ar• represented by: Tangiblè fixad assets Invesbments Current assets Current Liabilib-es 265.912 89.215 277.874 168,4651 285.912 89,215 277,874 168,4651 Total n8t a58ets 584.536 584.536 P8ge116