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2022-12-31-accounts

Company!Registration!Number!2841292 Charity!Registration!Number!1026351

The!Manchester!Victoria!Baths!Trust

Financial!Statements for!the!year ended 31[st] December 2022

Reference!and!Administrative!Details!

at!31!December!2022!

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!2022:!

Appointed Appointed Re-elected Notes
BernardPriest Oct2019 ChairfromJune2020
JanetSlade
Mar2013
Sep2021
BarryJohnson
Dec2014
Sep2021
MalcolmKnight
Mar2016
Jul2022
NigelGloudon
Mar2016
Jul2019
MatthewHolden
Apr2017
Jul2022
LouiseHuntington
Dec2017
Jul2019
RetiredJul2022
SuzanneDonovan
Feb2020
GwynethBrock
Jul2022
GwynnethMcManus
Jul2022
RoxyStafford
Jul2022

Company!Secretary! Frances!Pattison!–!Finance!Manager!

Principal!Staff Elizabeth!Sibbering!–!Managing!Director! 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!2022

The!trustees!present!their!annual!report!together!with!the!financial!statements!of!the!charity! for!the!year!ended!31!December!2022.!

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! Managing! Director!with!support!from!the!Finance!Manager,!Facilities!Manager!and!Event!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!

All!remaining!Covid-19!domestic!restrictions!in!law!were!removed!in!spring!2022.!This!was! therefore!the!first!year!since!the!pandemic!started!that!we!were!able!to!operate!fully.

Restoration

Building!Maintenance!and!Repairs!

Remedial!roof!repairs!were!planned!for!the!Gala!Pool,!Sports!Hall!and!tea!room,!but!due!to! supplier!issues!these!are!now!taking!place!in!Spring!2023.!!

Following!a!Manchester!City!Council!funded!Fire!Risk!Assessment!report!received!in!February,! remedial!electrical!work!was!completed!throughout!the!building,!resolving!any!unsafe!issues.! This!included!upgrading!the!electrical!intake!room.!Plans!were!then!made!for!installation!of! replacement!alarm!and!emergency!lighting!systems,!also!funded!by!Manchester!City!Council,! and!this!work!is!going!ahead!in!2023.!

The!propping!system!which!supports!the!floor!covering!over!the!Sports!Hall!pool!basin!was! readjusted!and!a!drone!survey!was!done!on!the!chimney.!

A!heating!feasibility!study!for!the!whole!site!was!tendered!by!four!firms!and!completed!by! Arup.!Many!thanks!to!our!supporter!Mark!Watson!for!his!generous!donation!for!this!important! work.!

In!autumn!2022!we!started!work!to!consider!how!the!buildings!might!be!used!as!a!multi!space! venue,!along!with!a!new!location!for!the!history!archive!and!collection.!

Plans! were! also! made! for! the! main! Gala! Pool! entrance! doors! to! be! refurbished! and! replacement!stained!glass!panels!fitted,!which!were!made!by!volunteer!Jenny!Thompson.!This! included!refurbishment!of!another!two!Gala!Pool!doors,!with!temporary!opaque!glass!fitted.! Supplier!issues!meant!this!work!was!delayed!until!2023.!We!are!very!grateful!to!our!donor! John!Lucas!for!funding!this!work.!!

Fundraising

The!Gill!Wright!Memorial!Fund!

At! the! end! of! the! year! the! balance! of! this! stood! at! £4,023.! A! very! successful! Swim! and! Supperclub!event!held!in!September!2022!contributed!£998.!In!2023!there!are!plans!to!use! some!of!the!fund!to!facilitate!a!professional!archive!consultant!to!review!our!history!archive! and!collection.!!

Tile!Giant!UK!

Our!partnership!with!them!continued!throughout!the!year,!with!us!gaining!some!income!and! publicity! from! sales! of! their! consumer! range! of! Victoria! Baths! inspired! tiles.! The! income! received!was!£1,876,!unfortunately!£3,000!remains!unpaid!and!no!adjustment!has!been!made! to!reflect!this!doubtful!recovery.!Tile!Giant!were!placed!into!administration!in!February!2023! and! the! administrators! immediately! sold! the! business! and! assets! to! two! parties.! We! are! seeking!information!re!our!partnership!agreement!and!the!outstanding!balance.

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.!

We!were!able!to!open!the!building!for!our!whole!operational!year,!for!the!first!time!since!the! start!of!the!Covid-19!pandemic.!Overall,!the!picture!reflects!one!of!recovery!to!pre-pandemic! levels!of!patronage!and!visiting!activity.!!

Visitor/Engagement 2017 2018 2019 2020 2021 2022
Heritage 5,301 5,021 5,355 0 3,792 4,633
Arts,Community,Education 7,530 6,445 4,165 27 381 1,891
Online 0 0 0 1,176 5,025 N/A
Othervenuehire 24,792 22,226 16,625 1,782 7,880 31,504
Other 0 127 191 0 96 0
Total 37,623 33,819 26,336 2,985 17,174 38,028

Heritage!Activities!

The!Trust!provides!public!access!to!Victoria!Baths!through!heritage!weekends,!weekly!guided! tours!and!group!visits.!

Free!general!entry!was!introduced!alongside!the!paid!building!guided!tour.!

There!were!15!group!visits!during!2022.!

HeritageVisits 2017 2018 2019 2020 2021 2022
Weekends 4,096 3,694 4,198 0 3,085 3,321
WednesdayTours 770 804 837 0 391 735
Groups 435 523 320 0 316 577
Total 5,301 5,021 5,355 0 3792 4,633

Arts,!Community,!Education!Activities!

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

Arts,Community,
EducationVisits		 2017 2018 2019 2020 2021 2022
Arts 4,717 4,120 3,054 13 156 1,314
Community 1,519 1,305 651 0 12 65
Education 1,294 1,020 460 14 213 512
Total 7,530 6,445 4,165 27 381 1,891

4!

Activities!included!choir!performances,!art!exhibitions,!history!archive!open!sessions,!local! band!music!videos,!student!photoshoots!and!educational!visits.!

Other!Venue!Hire!Activities

Commercial!venue!hire!is!usually!an!important!area!of!business!for!Victoria!Baths.!There!were! 31,504!visitors!to!the!Baths!for!these!activities!in!2022,!compared!to!7,880!in!2021.!

· Events!

We!were!pleased!to!welcome!some!new!events!and!the!return!of!previous!ones!cancelled! due!to!Covid-19:!

February,!August!–!Village!Screen! February!–!Red!Bull!Unlocked! March,!June,!October!–!Vintage!Home!Show! April!–!Crown!Paints!Conference! April!–!UCEN!Manchester!Make!Up!&!SXF!Expo! May,!June,!July,!November!–!Fever!Candlelit!Concerts! June!–!Dotted!Lines!conference! June!–!BIMM!Institute!performance! June!–!Yoga!Festival! July!–!Time!&!Again!Theatre! August,!October,!December!–!Club!Nights! October!–!Independent!Manchester!Beer!Convention! October!–!Night!Market! October!–!Great!Northern!Contemporary!Craft!Fair! October!–!Manchester!Tech!Festival!

· Filming!&!Photoshoots

The!Events!staff!hosted!filming!activities,!including!Breaking!Point,!Archie,!The!Rap!Game,! Manchester!Camerata,!How!to!Date!Billy!Walsh!and!Brassic,!as!well!as!many!photoshoots.!

· Weddings!

Between! April! and! September! 21! weddings! took! place,! some! of! which! had! been! postponed!due!to!the!pandemic.!

Employees

There!were!changes!to!the!staff!team,!some!of!which!were!introduced!to!bring!the!overall! structure! in! line! with! the! functional! basis! introduced! in! 2021.! A! replacement! Office! Coordinator!started!in!March,!the!part-time!Engagement!Manager!and!part-time!Operations! Coordinator!both!left!and!were!replaced!in!June!by!a!full-time!Engagement!Officer,!a!Caretaker! post! was! introduced! in! October! to! replace! the! Maintenance! Officer! role! and! a! Facilities! Manager!was!appointed!in!October.!

The! Council! of! Management! continues! to! review! the! staffing! complement! to! meet! the! changing!needs!of!the!organisation.!

5!

Community!Engagement

The!Trust!encourages!the!involvement!of!the!public!in!its!activities!in!a!variety!of!ways;!as! volunteers,! as! Friends,! as! participants! in! activities! and! as! tour/event!visitors. In! 2022! we! focussed!on!taking!Victoria!Baths!out!to!the!community!and!developing!our!network.!This! included!attending!the!Manchester!Mega!Mela,!connecting!with!local!groups!to!develop!a! community!database!and!monthly!mailing,!and!making!new!contact!routes!with!the!Ardwick! and!Longsight!Neighbourhood!Teams.!

Volunteers!

Volunteers!are!involved!in!a!wide!range!of!activities!including!public-facing!roles,!for!example supporting!our!public!entry!days!and!a!range!of!events,!running!the!welcome!desk,!tea!room! and! gift! shop,! and! leading! guided! tours.! Other! activities! include! assisting! building! maintenance,!history!research,!stained!glass!preservation!and!maintaining!the!history!archive.! Our!Trustees!are!also!all!volunteers.!

Friends!and!Restoration!Supporters!

Victoria!Baths!has!a!well-established!Friends!membership!scheme!which!enables!people!to! support! the! Trust.! Membership! options! include! paying! an! annual! subscription! or! regular! monthly!payments.!For!2022!these!were:!!

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

Friends Dec2018 Dec2019 Dec2020 Dec2021 Dec2022
Payannualsubscription 399 387 444 442 345
RestorationSupporter 157 157 141 146 121
Volunteers-nosubscription 90 17 22 21 21
HonoraryFriend/
RestorationSupporter		 11 11 11 11 11
FreeMembership 118 217 0 0 71
Total 775 789 618 620 569
Volunteers Dec2018 Dec2019 Dec2020 Dec2021 Dec2022
Total 135 56 61 38 42

Financial!Review!

This!is!the!tenth!year!of!activity!for!Victoria!Baths!Trading!Ltd.!A!wholly!owned!subsidiary!of! the!Trust,!which!accounts!for!non-charitable!venue!income!and!asso!

ciated!costs.!Turnover!was!£304,243!for!2022,!compared!to!£166,397!in!2021!and!donated! profits!to!the!Trust!were!£121,614!in!the!year!compared!to!£74,201!in!2021.!!

6!

Reserves!Policy!

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!£215,320!in!its!unrestricted!fund,!which!represents!more! than!six!months’!operating!costs.!A!healthy!level!of!reserves!is!required!in!recognition!of!the! need!for!greater!financial!security,!given!the!risk!of!income!variability!in!the!present!economic! climate.

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!five!Restricted!Funds!which!represent!donations!made!for!specific!purposes.! These!are!the!Stained!Glass!Appeal!Fund,!the!Gill!Wright!Memorial!Fund,!the!Restoration! Fund,! the! Archangel! Fund,! and! a! Heating! Fund.! At! the! end! of! 2022! the! restricted! funds! amounted!to!£103,791.!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:! 7[th] !June!2023!

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 2022 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 2022

Unrestricted
funds
Note
£
Income
Donations and legacies
3
130,862
Charitable activities
4
37,486
5
9,308
Investments
6
1,131
Total income
178,787
Expenditure
Raising funds
7, 20
11,886
Charitable activities
8,20
149,272
Total expenditure
161,158
9
17,629
Transfer between funds
-
17,629
Reconciliation of funds
Total funds brought forward
197,691
Total funds carried forward
215,320
Fees and other income
Net income/(expenditure) for the
period
Net movement in funds for the
period		 Restricted
funds
£
26,145
46,905
-
-
73,050
-
76,118
76,118
(3,068)
-
(3,068)
106,859
103,791		 Total funds
2022
£
157,007
84,391
9,308
1,131
251,837
11,886
225,390
237,276
14,561
-
14,561
304,550
319,111		 Total funds
2021
£
105,222
243,946
4,230
42
353,440
6,058
257,308
263,366
90,074
-
90,074
214,476
304,550

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 2022

Note
£
£
Fixed assets
Tangible assets
14
7,941
Total fixed assets
7,941
Current assets
Debtors
15
77,156
Cash at bank and in hand
254,697
Total current assets
331,853
Liabilities
Creditors: amounts falling
due in less than one year
16
(20,683)
Net current assets
311,170
Total assets less current liabilities
319,111
Net assets
319,111
Funds of the charity
Restricted income funds
17
103,791
Unrestricted income funds
18
215,320
Total charity funds
319,111
31 December 2022		 £
£
11,912
11,912
32,907
265,492
298,399
(5,761)
292,638
304,550
304,550
106,859
197,691
304,550
31 December 2021		 £
£
11,912
11,912
32,907
265,492
298,399
(5,761)
292,638
304,550
304,550
106,859
197,691
304,550
31 December 2021
11,912
292,638
304,550
304,550
106,859
197,691
304,550

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.

Approved by the trustees of Manchester Victoria Baths Trust on 22 May 2023, and signed on their behalf by:

Bernard Priest (chair)

10

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022

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 2022 (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 2022 (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 2022 (continued)

3 Income from donations and legacies

Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021
£ £ £ £ £ £
Donations 8,526 20,973 29,499 5,706 21,218 26,924
Gift Aid 722 5,172 5,894 590 3,507 4,097
Donation from
subsidiary co. Victoria
Baths Trading Ltd 121,614 - 121,614 74,201 - 74,201
Total by fund 130,862 26,145 157,007 80,497 24,725 105,222
Income from charitable activities
Unrestricted Restricted Total 2022 Unrestricted Restricted Total 2021
£ £ £ £ £ £
Grants
Manchester City
Council - 41,823 41,823 - 14,543 14,543
GM Business
Support - - - 2,975 - 2,975
Historic England - - - - - -
Heritage Lottery
Fund - - - - 174,946 174,946
Other Covid grants
Manchester City
Council - - - 33,128 33,128
Earned income - -
Public Events and
group visits etc. 30,162 5,082 35,244 15,986 - 15,986
Community Arts &
y
Education		 7,324 - 7,324 2,368 - 2,368
Total by fund 37,486 46,905 84,391 54,457 189,489 243,946

5 Fees and other income – activities for generating funds

Tea Room income
Fundraising activity
`		 Unrestricted
Restricted
Total 2022
Unrestricted
Restricted
Total 2021
£
£
£
£
£
£
9,308
-
9,308
4,180
-
4,180
-
-
50
-
50
9,308
-
9,308
4,230
-
4,230

14

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (continued)

6 Investment income

Investment income
Income from deposit
accounts		 Unrestricted
Restricted
Total 2022
Unrestricted
Restricted
Total 2021
£
£
£
£
£
£
1,131
-
1,131
42
-
42
1,131
-
1,131
42
-
42

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

Total 2022
£
Staff costs
-
Fundraising costs
11,886
11,886
Analysis of expenditure on charitable activities
Total 2022
£
Depreciation
3,971
Staff costs
136,468
Grant paid to Victoria Baths Trading Ltd
-
Building costs
51,873
General running costs
31,778
Other governance costs
Independent examination and accountancy
1,300
Other governance costs
-
225,390
Total 2022
£
Restricted expenditure
76,118
Unrestricted expenditure
149,272
225,390		 Total 2021
£
-
6,058
6,058
Total 2021
£
3,971
143,747
46,208
17,067
45,115
1,200
-
257,308
Total 2021
£
194,692
62,616
257,308

15

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (continued)

9 Net income/(expenditure) for the year

This is stated after charging/(crediting): Total 2022 Total 2021
£ £
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
Recruitment		 Total 2022
£
113,255
9,658
5,894
451
8,848
764
138,870		 Total 2021
£
131,426
-
8,315
502
3,504
143,747

No employee has employee benefits in excess of £60,000 (2021: 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 4 (2021: 6). The average full time equivalent number of staff employed on Victoria Baths Trust activities during the year was 2.9 (2021: 4).

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 £79,420 (previous year £78,307).

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the period (2021: None). No trustee expenses were claimed in the year (2021 £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 (2021: nil).

16

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council
Job retention scheme		 Total 2022
£
41,823
-
41,823		 Total 2021
£
14,543
33,128
14,543

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 2022
Depreciation
Charge for the year
Disposals
At 31 December 2022
Net book value
At 31 December 2022
At 1 January 2022
At 31 December 2021
At 1 January 2022		 Exhibition
Roon
Equipment
£
£
19,854
2,167
-
-
-
-
19,854
2,167
7,942
2,167
3,971
-
-
-
11,913
2,167
7,941
-
11,912
-		 Total
£
22,021
-
-
22,021
10,109
3,971
-
14,080
7,941
11,912

17

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (continued)

15 Debtors

Debtors
Grants receivable
Prepayments & other debtors
Amounts due from Victoria Baths Trading Ltd		 31 Dec 22
£
7,420
2,570
67,166
77,156		 31 Dec 21
£
10,106
5,489
17,312
32,907

16 Creditors: amounts falling due within one year

Trade creditors & accruals
Taxation and social security costs
Pension		 31 Dec 22
£
6,328
11,777
2,578
20,683		 31 Dec 21
£
1,332
4,429
-
5,761

18

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (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
Gill Wright memorial fund
Restoration fund
Restoration fund
Heating fund
Stained Glass
Stained Glass
Previous
reporting period		 Balance at
1 January
2022
Income
Expenditure
Transfers
Balance at
31
December
2022
£
£
£
£
£
25,039
14,647
-
-
39,686
65,844
-
-
(11,250)
54,594
2,444
-
-
-
2,444
-
11,125
(19,740)
11,250
2,635
-
41,823
(41,823)
-
-
12,125
-
(12,125)
-
-
409
-
-
-
409
998
5,455
(2,430)
-
4,023
106,859
73,050
(76,118)
-
103,791
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

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 2022 (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. £2,444 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
Previous
reporting period
General fund		 Balance at
1 January
2022
Income
Expenditure
Transfers
Balance at
31
December
2022
£
£
£
£
£
197,691
178,787
(161,158)
-
215,320
197,691
178,787
(161,158)
-
215,320
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

Name of fund Description, nature and purposes of the fund

General fund The free reserves of the charity

20

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2022 (continued)

19 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
Designated
Restricted
fund
funds
funds
Total
£
£
£
£
7,941
-
-
7,941
207,379
-
103,791
311,170
215,320
-
103,791
319,111

21