Merchants House Of Glasgow
Latest income
£2.3m
Latest spending
£1.6m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity held unrestricted free reserves of £8,783,920 against a policy target of maintaining sufficient cash to meet expected financial commitments for the next twelve months. The charity reported a net surplus of £1,803,361 for the year, driven by substantial donations and investment gains, while maintaining a strong cash balance to support potential property refurbishment.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“One employee had total employee benefits (excluding pension costs) in excess of £60,000 this year” — page 30
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations received from directors.
“Donations of £118,085 were received from directors during the year (2024: £4,014).” — page 25
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Legal services provided by Mitchells Roberton Ltd, where a director is employed.
“Donations of £118,085 were received from directors during the year (2024: £4,014).” — page 25
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Investment services provided by Rathbones, where two directors are employees.
“Donations of £118,085 were received from directors during the year (2024: £4,014).” — page 25
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Administration charges received from Hutcheson’s Hospital and the Glasgow Dean of Guild Court Trust, where multiple trustees are also trustees.
“Donations of £118,085 were received from directors during the year (2024: £4,014).” — page 25
Per FY2025 accounts as filed with OSCR.