Mercer Family Charitable Foundation
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £34,361 for the year ended 30 September 2023, resulting in total unrestricted reserves of £453,086. The trustees maintain a reserves policy target of two years' funds, which they estimate currently equates to £6,400,000, meaning the actual reserves are below this stated policy target. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Reserves at 30 September 2023 amounted to 6453, 086 (2022: 8487, 447). The Trustees aim to hold two years' funds in reserve. This currently equates to 6400, 000.” — page 5
Trustees
- ROGER MALLABER MERCERchair
- ALEC ROGER MERCER
- HENRIETTA TAMSIN MERCER
- KATHRYN JULIE MERCER
- MR THOMAS ALEXANDER MERCER
- PHILIPPA JANE MERCER
- ROBERT PERCY MERCER
- SALLY LOUISE MERCER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £400k | £339k |
| 30/09/2024 | £287k | £272k |
| 30/09/2023 | £200k | £235k |
| 30/09/2022 | £277k | £286k |
| 30/09/2021 | £267k | £251k |
Common questions
Is Mercer Family Charitable Foundation financially healthy?
The accounts state that the charity reported a net deficit of £34,361 for the year ended 30 September 2023, resulting in total unrestricted reserves of £453,086. The trustees maintain a reserves policy target of two years' funds, which they estimate currently equates to £6,400,000, meaning the actual reserves are below this stated policy target. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GRAND CHARITY | 1 | £6.6m |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £302k |
| NORTHUMBERLAND MASONIC CHARITY ASSOCIATION | 1 | £275k |
| Leicestershire and Rutland Freemasons' Charity (LRFC) | 1 | £187k |
| KOLLEL AND CO LIMITED | 1 | £172k |
| ZICHRON MEIR LIMITED | 1 | £150k |
| PARKWILL LIMITED | 1 | £134k |
| FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER | 1 | £96k |