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2021-12-31-accounts

Company Registration Number 2841292 Charity Registration Number 1026351

The Manchester Victoria Baths Trust

Financial Statements for the year ended 31[st] December 2021

Reference and Administrative Details

as at 31 December 2021

Status

Manchester Victoria Baths Trust is a company limited by guarantee incorporated on 2nd August 1993, which registered as a charity on 22nd September 1993.

Name The Manchester Victoria Baths Trust, sometimes referred to as the Victoria Baths Trust

Charity Number 1026351 Company Number 2841292 Principal Address Victoria Baths, Hathersage Road, Manchester M13 0FE

Members of the Council of Management

Trustees, who are also directors under company law, at 31 December 2021:

Appointed Re-elected Notes
Bernard Priest Oct 2019 Chair from Jun 2020
Janet Slade Mar 2013 Sep 2021
Barry Johnson Dec 2014 Sep 2021
Alex Roy Apr 2015 Jul 2018 Retired Sep 2021
Malcolm Knight Mar 2016 Jul 2018
Nigel Gloudon Mar 2016 Jul 2019
Matthew Holden Apr 2017 Jul 2019
Louise Huntington Dec 2017 Jul 2019
Martin Gaw Dec 2017 Jul 2019 Retired Sep 2021
Suzanne Donovan Feb 2020
Company Secretary Lisa Crannage (until 14 Oct 2021)
Frances Pattison (from 15 Oct 2021)
Bank Co-operative Bank plc, Delf House, Southway, Skelmersdale WN8 6WT
Independent Paul Cowham, FCA DChA, The Green Fish Resource Centre,
Examiner 46-50 Oldham Street, Manchester M4 1LE

1

Trustees’ Annual Report for the year ended 31 December 2021

The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2021.

Structure, Governance and Management

The Trust is governed by Memorandum and Articles of Association. The governing body is the General Meeting of members of the Trust. Membership of the Trust is open to anyone and applications are considered by the Council of Management.

The Council of Management is the key decision-making body and meets meet regularly to consider key issues, including the financial position. The Building Development Group meets to deal with maintenance, repair and restoration matters and a History & Research Group in currently under development. Operational management is delegated to the Business Operations Manager with direct support from the Finance Manager and the Events Manager (who is also a Trading Director).

The trustees have had due regard to the Charity Commission’s guidance on public benefit, at all relevant times.

Appointment of Trustees

Members elect trustees at the Annual General Meeting, when one third of the Council of Management retire and become eligible for re-election. Between AGMs, the Council of Management may also appoint new trustees. Prospective trustees are selected for the skills and attributes which they can bring to the Trust. They are interviewed informally by existing members of the Council of Management and given information about the Trust and Victoria Baths. They are invited to attend a meeting of the Council of Management as an observer prior to accepting the position of trustee.

Risk Assessment

The Council of Management has assessed the major risks to which the Trust is exposed, in particular those related to the activities at Victoria Baths and its financial sustainability. The trustees periodically review the Risk Register and are satisfied that systems are in place to mitigate exposure to these major risks.

Objectives

The key objectives of the Trust are:

2

Activities, Achievements and Performance

The continuing Covid-19 pandemic resulted in further government lockdowns and measures during the first half of 2021. Working within changing levels of restriction proved extremely difficult, but we were able to reopen the building in a limited way from early May. By mid-July most legal limits on social contact were removed, and the staff worked extremely hard to make the most of the situation, despite being unable to forward plan for any significant length of time.

Restoration

Building Maintenance and Repairs

Remedial electrical work was completed in the Gala Pool, maintenance workshop and Laundry. The Females entrance ramp was painted, a damaged glass panel renewed and the tactile paving replaced to bring it up to standard.

Fundraising

Grants

Victoria Baths was grateful to receive a significant amount of grant income in 2021, including funding from the Architectural Heritage Fund and the government’s Cultural Recovery Fund, all of which contributed to stabilising the Trust financially post Covid-19 and enhancing the organisation’s future sustainability.

Further to our successful application for several grants throughout the previous financial year, we received the following grant income in 2021:

The Gill Wright Memorial Fund

This year an additional restricted fund was set up in memory of Gill Wright. At the end of the year the balance of this stood at £1000, with more gifts set to come in during 2022. This fund will support projects relating to History, Community Arts and/or Restoration.

Tile Giant UK

Our partnership with them continued throughout the year, with us gaining both publicity and income from their sales of the consumer range of Victoria Baths inspired tiles. In 2021 this brought us income of £7,876.

3

Public Access for Recreational and Cultural Activities

The Trust organises public events at Victoria Baths, as well as facilitating a range of other public and private activities. The building is a seasonal heritage visitor attraction and events venue, as the lack of heating means it is impractical to host many activities in the winter months.

As in 2020, Covid-19 had a huge impact on the activities of the organisation, as the building had to be closed to the public until May 2021, with restrictions continuing well into July.

Visitor/Engagement 2016 2017 2018 2019 2020 2021
Heritage 4,626 5,301 5,021 5,355 0 3,792
Arts,Community,Education 6,940 7,530 6,445 4,165 27 381
Online 0 0 0 0 1,176 5,025
Other venue hire 19,032 24,792 22,226 16,625 1,782 7,880
Other 4 0
127		 191 0 96
Total 30,602 37,623 33,819 26,336 2,985 17,174

Heritage Activities

The Trust provides public access to Victoria Baths through heritage weekends, weekly guided tours and group visits. The usual pattern of the public programme had to be amended for 2021, mainly due to the first six months’ Covid-19 restrictions:

There were eight group visits during 2021.

Heritage Visits 2016 2017 2018 2019 2020 2021
Weekends 3,612
4,096		 3,694 4,198 0 3,085
WednesdayTours 738 770 804 837 0 391
Groups 276 435 523 320 0 316
Total 4,626 5,301 5,021 5,355 0 3792

Arts, Community, Education Activities

The Trust’s objectives include making provision for arts, community and education activities at Victoria Baths.

Arts, Community,
Education Visits		 2016 2017 2018 2019 2020 2021
Arts 2,677 4,717 4,120 3,054 13 156
Community 2,540 1,519 1,305 651 0 12
Education 1,723 1,294 1,020 460 14 213
Total 6,940 7,530 6,445 4,165 27 381

4

Activities included the introduction of a new kid’s trail designed by a volunteer, choir performances, art exhibitions, history archive open sessions, local band music videos, student photoshoots and educational visits.

Online

A series of new ‘pay what you feel’ online talks took place during March and April, led by outside speakers and VB staff, resulting in engagement with over 5,000 people. The subject matter included: children’s storytelling, Sunny Lowry and Manchester’s radical women, Manchester’s early baths and washhouses, the Superintendent’s Flat and its residents, the journey of water through the building, and past social and cultural events.

The William Sizen Bell pre-recorded Livestream with light show and DJ in the Gala Pool, (originally shown on New Year’s Eve 2020), was repeated in February.

Other Venue Hire Activities

Commercial venue hire is usually an important area of business for Victoria Baths. There were 8,960 visitors to the Baths for these activities in 2021, compared to 1,782 in 2020.

· Events

Only a few public events took place, as many organisers chose to cancel due to uncertainty re the effects of the pandemic. We were extremely pleased to welcome some new events, Bath Bombs Comedy Club, Kantos Choir and the Great Northern Contemporary Craft Fair:

· Filming & Photoshoots

Despite the Covid-19 restrictions, the Events Team hosted filming activities during February and March (Brassic, Peaky’s Blinders) and later in the year for MoTDx, Dodger and Jools Holland, as well as many photoshoots.

· Weddings

Due to the restrictions, three small-scale weddings were held in the spring. Between July and September as restrictions lessened, another 15 weddings took place.

Employees

A grant-funded staffing structure review was undertaken by external consultants in spring 2021, comprising a series of interviews with the staff team. Many of the recommendations were subsequently implemented, and further analysis and work was carried out internally on the suggested new structure. This was amended to a functional basis with specific areas of focus and in line with this a new post of Engagement Manager was introduced in October, replacing the Fundraising and Marketing Officer post.

Further changes are planned for 2022.

5

Community Engagement

The Trust encourages the involvement of the public in its activities in a number of ways; as volunteers, as Friends, as participants in activities and as tour/event visitors. A renewed focus on community engagement was agreed in 2021, with plans in place to reach out to local schools and other groups when Victoria Baths is fully operational again.

Volunteers

Volunteers are normally involved in a wide range of roles including public-facing roles, welcoming visitors and checking tickets, running the gift shop and tea room and leading guided tours. Other activities include building cleaning, history research and maintaining the history archive. In 2021 volunteering activity and recruitment was very limited due to Covid restrictions. All of the trustees are volunteers.

Friends and Restoration Supporters

Victoria Baths has a well-established Friends membership scheme which enables people across the UK to support the Trust. Membership options include paying an annual subscription or regular monthly payments. For 2021 these were:

Restoration Supporter payments currently are added to the Restoration Fund. Some of our volunteers choose to pay a subscription in addition to giving their time to the organisation; all regular volunteers are Friends.

Friends Dec 2018 Dec 2019 Dec 2020 Dec 2021
Payannual subscription 399 387 444 442
Restoration Supporter 157 157 141 146
Volunteers - no subscription 90 17 22 21
HonoraryFriend/Restoration Supporter 11 11 11 11
Free Membership 118 217 0 0
Total 775 789 618 620
Volunteers Dec 2018 Dec 2019 Dec 2020 Dec 2021
Total 135 56 61 38

Financial Review

This is the nineth year of activity for Victoria Baths Trading Ltd. A wholly owned subsidiary of the Trust, which accounts for non-charitable venue income and associated costs. Turnover was £166,397 for 2021, compared to £47,109 in 2020 and donated profits were £74,201 in the year compared to £3,028 in 2020.

Following the government allowing weddings to take place from July 2021 we had a full schedule of weddings in addition to a much higher than average amount of building hire for filming, which, alongside our grant income led to a profitable year for the Trust.

6

Reserves Policy updated May 2022

The Council of Management considers it prudent for the Trust to maintain unrestricted financial reserves for the following reasons:

The Council of Management will review this Reserves Policy at least every three years to take account of changing circumstances.

At the period end, the Trust held £197,691 in its unrestricted fund, which represents more than three months’ operating costs. Whilst this is relatively high, the Trust requires a healthy level of reserves to meet lean years of income generation.

Designated Fund

The Trust’s Designated Fund origin aim has changed from providing resources towards the restoration of the building, to supporting capital improvement measures. These will improve the operating capacity of the building in the future.

Restricted Funds

The Trust holds four Restricted Funds which represent donations made for specific purposes. These are the Stained Glass Appeal Fund, the Gill Wright Memorial Fund, the Restoration Fund and the Archangel Fund. At the end of 2021 the restricted funds amounted to £106,859. The Archangel Fund was set up to contribute to the Turkish Baths restoration project. The Trust may reconsider the use of this fund within the building, with donor consent.

Declaration

The trustees have approved this annual report, and it is signed on their behalf by:

Bernard Priest Chair

Date: 14 July 2022

7

Independent Examiner's Report to the Trustees of Manchester Victoria Baths Trust

I report on the accounts of the company for the year ending 31[st] December 2021 which are set out on pages 9 to 21.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility:

Basis of independent examiner's report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In the course of my examination, no matter has come to my attention:

Paul Cowham FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester, M4 1LE

8

Manchester Victoria Baths Trust

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 December 2021

Unrestricted
funds
Note
£
Income
Donations and legacies
3
80,497
Charitable activities
4
54,457
5
4,230
Investments
6
42
Total income
139,226
Expenditure
Raising funds
7, 20
6,058
Charitable activities
8,20
62,616
Total expenditure
68,674
9
70,552
Transfer between funds
-
70,552
Reconciliation of funds
Total funds brought forward
127,139
Total funds carried forward
197,691
Net movement in funds for the
period
Fees and other income
Net income/(expenditure) for the
period		 Restricted
funds
£
24,725
189,489
-
-
214,214
-
194,692
194,692
19,522
-
19,522
87,337
106,859		 Total funds
Total funds
2021
2020
£
£
105,222
52,120
243,946
249,656
4,230
-
42
632
353,440
302,408
6,058
12,168
257,308
309,020
263,366
321,188
90,074
(18,780)
-
-
90,074
(18,780)
214,476
233,256
304,550
214,476

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

9

Manchester Victoria Baths Trust Company number 2841292

Balance sheet as at 31 December 2021

Note 31 December 2021 31 December 2021 31 December 2020 31 December 2020
£ £ £ £
Fixed assets
Tangible assets 14 11,912 15,883
Total fixed assets 11,912 15,883
Current assets
Debtors 15 32,907 15,035
Cash at bank and in hand 265,492 191,764
Total current assets 298,399 206,799
Liabilities
Creditors: amounts falling
due in less than one year 16 (5,761) (8,206)
Net current assets 292,638 198,593
Total assets less current liabilities 304,550 214,476
Net assets 304,550 214,476
Funds of the charity
Restricted income funds 17 106,859 87,337
Unrestricted income funds 18 197,691 127,139
Total charity funds 304,550 214,476

For the period in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 11 to 21 form part of these accounts.

Signed on behalf of the Manchester Victoria Baths Trust on 14 July 2022 by:

Bernard Priest Chair

10

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Manchester Victoria Baths Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

11

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

12

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

i Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Office fixtures and equipment 4 years Exhibition room 5 years

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

n Pensions

The charity has a pension scheme for employees to which it makes contributions on behalf of employees who choose to join as well as deducting contributions from employees who chose to make contributions themselves. The charity has met its obligations in relation to Autoenrolment.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

13

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

3 Income from donations and legacies

Unrestricted Restricted Total 2021 Unrestricted Restricted Total 2020
£ £ £ £ £ £
Donations 5,706 21,218 26,924 9,977 28,631 38,608
Gift Aid 590 3,507 4,097 2,138 8,346 10,484
Donation from
subsidiary co. Victoria
Baths Trading Ltd 74,201 - 74,201 3,028 - 3,028
Total by fund 80,497 24,725 105,222 15,143 36,977 52,120
Income from charitable activities
Unrestricted Restricted Total 2021 Unrestricted Restricted Total 2020
£ £ £ £ £ £
Grants
Manchester City
Council - 14,543 14,543 - 36,161 36,161
GM Business
Support 2,975 - 2,975 - - -
Historic England - - - - 18,060 18,060
Heritage Lottery
Fund - 174,946 174,946 - 127,550 127,550
Job retention
scheme - - - 45,867 - 45,867
Other Covid grants
Manchester City
Council 33,128 33,128 16,737 - 16,737
Architectural
Heritage Fund - - - - 1,830 1,830
Earned income -
Public Events and
group visits etc. 15,986 - 15,986 1,325 - 1,325
Community Arts &
Education y 2,368 - 2,368 2,126 - 2,126
Total by fund 54,457 189,489 243,946 66,055 183,601 249,656

5 Fees and other income – activities for generating funds

Tea Room income
Fundraising activity
`		 Unrestricted
Restricted
Total 2021
Unrestricted
Restricted
Total 2020
£
£
£
£
£
£
4,180
-
4,180
-
-
-
50
-
50
-
-
-
4,230
-
4,230
-
-
-

14

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

6 Investment income

Investment income
Income from deposit
accounts		 Unrestricted
Restricted
Total 2021
Unrestricted
Restricted
Total 2020
£
£
£
£
£
£
42
-
42
632
-
632
42
-
42
632
-
632

All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.

7 Analysis of expenditure on raising funds

Staff costs
Fundraising costs		 Total 2021
£
-
6,058
6,058		 Total 2020
£
5,381
6,787
12,168
Depreciation
Staff costs
Grant paid to Victoria Baths Trading Ltd
Building costs
Restoration work
Office premises
General running costs
Other governance costs
Independent examination and accountancy
Other governance costs
Restricted expenditure
Unrestricted expenditure		 Total 2021
£
3,971
143,747
46,208
17,067
-
-
45,115
1,200
-
257,308
Total 2021
£
194,692
62,616
257,308		 Total 2020
£
3,971
192,393
24,574
33,705
43,475
69
9,497
1,200
136
309,020
Total 2020
£
215,910
93,110
309,020

15

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

9 Net income/(expenditure) for the year

This is stated after charging/(crediting): Total 2021 Total 2020
£ £
Depreciation 3,971 3,971
Independent examiner's remuneration
- accountancy 650 650
- independent examination 650 650

10 Staff costs

Staff costs during the period were:

Wages and salaries
Social security costs
Employers pension contributions
Staff and volunteer training and expenses
Freelance/casual staff		 Total 2021
£
131,426
-
8,315
502
3,504
143,747		 Total 2020
£
187,055
-
10,213
506
-
197,774

No employee has employee benefits in excess of £60,000 (2020: None).

All Trust staff are jointly employed by the Trust and Victoria Baths Trading Limited. The average number of members of staff employed during the period (excluding casual bar staff) was 6 (2020: 8). The average full time equivalent number of staff employed on Victoria Baths Trust activities during the year was 4 (2020: 6).

The key management personnel of the charity comprise the trustees, the Operations Manager and the Events Manager. The total employee benefits of the key management personnel of the charity were £78,307 (previous year £51,598).

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the period (2020: None). No trustee expenses were claimed in the year (2020 £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the period (2020: nil).

16

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council
Job retention scheme		 Total 2021
£
47,671
-
47,671		 Total 2020
£
36,161
45,867
36,161

There were no unfulfilled conditions and contingencies attaching to the grants.

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

14 Fixed assets: tangible assets

Cost
Additions
Disposals
At 31 December 2021
Depreciation
Charge for the year
Disposals
At 31 December 2021
Net book value
At 31 December 2021
At 1 January 2021
At 1 January 2021
At 31 December 2020		 Exhibition
Roon
Equipment
£
£
19,854
2,167
-
-
-
-
19,854
2,167
3,971
2,167
3,971
-
-
-
7,942
2,167
11,912
-
15,883
-		 Total
£
22,021
-
-
22,021
6,138
3,971
-
10,109
11,912
15,883

17

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

15 Debtors

Debtors
31 Dec 21
£
Grants receivable
10,106
Prepayments & other debtors
5,489
Amounts due from Victoria Baths Trading Ltd
17,312
32,907
Creditors: amounts falling due within one year
31 Dec 21
£
Trade creditors & accruals
1,332
Taxation and social security costs
4,429
Amounts due to Victoria Baths Trading Ltd
-
5,761		 31 Dec 20
£
7,191
7,844
-
15,035
31 Dec 20
£
2,162
4,448
1,596
8,206

16 Creditors: amounts falling due within one year

18

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

17 Analysis of movements in restricted funds

Archangel fund
Manchester City Council
Architectural Heritage Fund
NHLF Culture Recovery Fund
Gill Wright memorial fund
Archangel fund
Manchester City Council
Architectural Heritage Fund
NHLF Culture Recovery Fund
NHLF equipment
NHLF
Historic England
Previous
reporting period
Stained Glass
Stained Glass
Restoration fund
Restoration fund		 Balance at
1 January
2021
Income
Expenditure
Transfers
Balance at
31
December
2021
£
£
£
£
£
13,121
11,923
(5)
-
25,039
54,067
11,777
-
-
65,844
2,417
27
-
-
2,444
-
14,543
(14,543)
-
-
-
27,192
(15,067)
-
12,125
17,732
147,754
(165,077)
-
409
-
998
-
-
998
87,337
214,214
(194,692)
-
106,859
Balance at
1 January
2020
Income
Expenditure
Transfers
Balance at
31
December
2020
£
£
£
£
£
4,784
17,273
(8,936)
-
13,121
48,824
5,243
-
-
54,067
29,061
14,461
(41,105)
-
2,417
-
36,161
(36,161)
-
-
-
1,830
(1,830)
-
-
-
78,250
(60,518)
-
17,732
-
9,600
(9,600)
-
-
39,700
(39,700)
-
-
-
18,060
(18,060)
-
-
82,669
220,578
(215,910)
-
87,337

Restoration Fund : The Trust established this fund to enable Friends and other supporters to contribute to the restoration of the building, in particular the next phase of major restoration work. The balance in the fund was £25,039 at 31 December 2021.

Archangel Fund : This appeal launched in 2017 with the aim of providing match funding to support a bid to the Heritage Lottery Fund (now National Lottery Heritage Fund) for the restoration of the Turkish Baths. The Archangel Fund stood at £54,067 at the start of the year and at £65,844 at the end of the year. The Trust may consider the use of this fund within the building, with donor consent.

19

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

17 Analysis of movements in restricted funds (continued)

Stained Glass Appeal : The Trust holds restricted funds specifically for the restoration of the building’s stained glass windows. The Trust has now completed the restoration of all six major windows in the gables of the three pool halls. £2,417 is the balance remaining on this fund.

Manchester City Council : The city council provided funding towards the maintenance and management of Victoria Baths and in the year contributed £14,543.

Gill Wright Memorial Fund : This fund was established in September 2021 to remember the late Gill Wright as a continuing memorial to her. This will be used for projects at Victoria baths which were close to Gill’s heart.

Architectural Heritage fund : This grant from Historic England was awarded to The Trust in 2020 and received in 2021, it has been used to fund a review the Trust’s future strategy, discussing, and producing a recovery plan following Covid-19.

18 Analysis of movement in unrestricted funds

General fund Balance at
1 January
2021
Income
Expenditure
Transfers
Balance at
31
December
2021
£
£
£
£
£
127,139
139,226
(68,674)
-
197,691
127,139
139,226
(68,674)
-
197,691

20

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2021 (continued)

Previous reporting period

Previous
General fund
reporting period		 Balance at
1 January
2020
Income
Expenditure
Transfers
Balance at
31
December
2020
£
£
£
£
£
150,587
81,830
(105,278)
127,139
150,587
81,830
(105,278)
-
127,139

Name of fund Description, nature and purposes of the fund

General fund The free reserves of the charity

19 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
Designated
Restricted
fund
funds
funds
Total
£
£
£
£
11,912
-
-
11,912
185,779
-
106,859
292,638
197,691
-
106,859
304,550

21