**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<br>Mar2013<br>Sep2021<br>BarryJohnson<br>Dec2014<br>Sep2021<br>MalcolmKnight<br>Mar2016<br>Jul2022<br>NigelGloudon<br>Mar2016<br>Jul2019<br>MatthewHolden<br>Apr2017<br>Jul2022<br>LouiseHuntington<br>Dec2017<br>Jul2019<br>RetiredJul2022||||
|SuzanneDonovan<br>Feb2020<br>GwynethBrock<br>Jul2022<br>GwynnethMcManus<br>Jul2022<br>RoxyStafford<br>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:!! 

- To!preserve!for!the!benefit!of!the!people!of!the!City!of!Manchester!and!of!the!nation!at! large,!whatever!of!the!historical,!architectural!and!constructional!heritage!may!exist!in!and! around!the!City!of!Manchester!in!the!form!of!buildings!of!particular!beauty!or!historical,! architectural!or!constructional!interest.!! 

- To!advance!the!education!of!the!public!in!the!history,!architecture!and!constructional! heritage!in!and!around!the!City!of!Manchester! 

- To!create!and!promote!opportunities!at!Victoria!Baths!for!the!public!to!undertake!a!variety! of!recreational!and!cultural!activities!including!swimming!and!arts!events.! 

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.! 

- **April!–!SpringFest!** Including!a!Bath!Bombs!Comedy!event!on!the!Saturday!night.! 

- **September!–!The!Big!Splash** Three!days!of!swimming!with!free!general!entry!for!Heritage!Open!Days.! 

- **November!–!Festive!Winter!Fair** 

- **May!to!November!–!Welcome!Wednesdays!** 

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,**<br>**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:!! 

- Friend!-!£20!annual!payment! 

- Joint!Friends!-!£30!annual!payment!for!two!people!! 

- Friend!(unwaged/low!income)!-!£5!annual!payment! 

- Restoration!Supporter!-!a!regular!payment!of!at!least!£5!per!month! 

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/<br>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!Trust!has!no!endowment!funding!and!is!dependent!on!earned!income!and! donations,!together!with!grant!income!received!annually.! 

- The!Trust!requires!sufficient!reserves!equivalent!to!at!least!six!months’!unrestricted! expenditure,!to!cover!necessary!internal!(e.g.!wages)!and!external!costs!(e.g.! insurance,!licenses,!utilities!bills)!incurred!as!part!of!normal!operating!activity.!This!is! to!compensate!for!any!significant!shortfall!in!income,!funding!or!delay!in!the! approval!of!grant!applications.! 

- The!Trust!is!operating!in!a!time!of!considerable!change!and!is!working!to!develop,! approve!and!carry!through!plans!for!the!future!of!the!Baths!which!require!a!large! level!of!capital!funding.! 

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: 

- to examine the accounts under section 145 of the 2011 Act; 

- to follow the procedure laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

## **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: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep  accounting records in accordance with section 386 of the Companies Act 2006; and 

   - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 

      - have not been met;  or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

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<br>funds<br>Note<br>£<br>**Income**<br>Donations and legacies<br>3<br>130,862<br>Charitable activities<br>4<br>37,486<br>5<br>9,308<br>Investments<br>6<br>1,131<br>**Total income**<br>**178,787**<br>**Expenditure**<br>Raising funds<br>7, 20<br>11,886<br>Charitable activities<br>8,20<br>149,272<br>**Total expenditure**<br>**161,158**<br>9<br>**17,629**<br>Transfer between funds<br>-<br>**17,629**<br>**Reconciliation of funds**<br>Total funds brought forward<br>197,691<br>**Total funds carried forward**<br>**215,320**<br>Fees and other income<br>**Net income/(expenditure) for the**<br>**period**<br>**Net movement in funds for the**<br>**period**|Restricted<br>funds<br>£<br>26,145<br>46,905<br>-<br>-<br>**73,050**<br>-<br>76,118<br>**76,118**<br>**(3,068)**<br>-<br>**(3,068)**<br>106,859<br>**103,791**|Total funds<br>2022<br>£<br>157,007<br>84,391<br>9,308<br>1,131<br>**251,837**<br>11,886<br>225,390<br>**237,276**<br>**14,561**<br>-<br>**14,561**<br>304,550<br>**319,111**|_Total funds_<br>_2021_<br>_£_<br>_105,222_<br>_243,946_<br>_4,230_<br>_42_|
|---|---|---|---|
||||**_353,440_**|
||||_6,058_<br>_257,308_|
||||**_263,366_**|
||||**_90,074_**<br>_-_|
||||**_90,074_**<br>_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<br>£<br>£<br>**Fixed assets**<br>Tangible assets<br>14<br>7,941<br>**Total fixed assets**<br>**7,941**<br>**Current assets**<br>Debtors<br>15<br>77,156<br>Cash at bank and in hand<br>254,697<br>**Total current assets**<br>**331,853**<br>**Liabilities**<br>Creditors: amounts falling<br>due in less than one year<br>16<br>(20,683)<br>**Net current assets**<br>**311,170**<br>**Total assets less current liabilities**<br>319,111<br>**Net assets**<br>**319,111**<br>**Funds of the charity**<br>Restricted income funds<br>17<br>103,791<br>Unrestricted income funds<br>18<br>215,320<br>**Total charity funds**<br>**319,111**<br>31 December 2022|_£_<br>_£_<br>_11,912_<br>**_11,912_**<br>_32,907_<br>_265,492_<br>**_298,399_**<br>_(5,761)_<br>**_292,638_**<br>_304,550_<br>**_304,550_**<br>_106,859_<br>_197,691_<br>**_304,550_**<br>_31 December 2021_|_£_<br>_£_<br>_11,912_<br>**_11,912_**<br>_32,907_<br>_265,492_<br>**_298,399_**<br>_(5,761)_<br>**_292,638_**<br>_304,550_<br>**_304,550_**<br>_106,859_<br>_197,691_<br>**_304,550_**<br>_31 December 2021_|
|---|---|---|
|||**_11,912_**<br>**_292,638_**|
|||_304,550_|
|||**_304,550_**|
|||_106,859_<br>_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: 

- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476, 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts 

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<br>Education|7,324|-|7,324|_2,368_|_-_|_2,368_|
|Total by fund|37,486|46,905|84,391|_54,457_|_189,489_|_243,946_|



- **4 Income from charitable activities** 

## **5 Fees and other income – activities for generating funds** 

|Tea Room income<br>Fundraising activity<br>`|Unrestricted<br>Restricted<br>_Total 2022_<br>_Unrestricted_<br>_Restricted_<br>_Total 2021_<br>£<br>£<br>£<br>_£_<br>_£_<br>_£_<br>9,308<br>-<br>9,308<br>_4,180_<br>_-_<br>_4,180_<br>-<br>-<br>_50_<br>_-_<br>_50_|
|---|---|
||9,308<br>-<br>9,308<br>_4,230_<br>_-_<br>_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<br>accounts|Unrestricted<br>Restricted<br>_Total 2022_<br>_Unrestricted_<br>_Restricted_<br>_Total 2021_<br>£<br>£<br>£<br>_£_<br>_£_<br>_£_<br>1,131<br>-<br>1,131<br>42<br>-<br>_42_|
||1,131<br>-<br>1,131<br>_42_<br>_-_<br>_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<br>£<br>Staff costs<br>-<br>Fundraising costs<br>11,886<br>11,886<br>**Analysis of expenditure on charitable activities**<br>Total 2022<br>£<br>Depreciation<br>3,971<br>Staff costs<br>136,468<br>Grant paid to Victoria Baths Trading Ltd<br>-<br>Building costs<br>51,873<br>General running costs<br>31,778<br>Other governance costs<br>Independent examination and accountancy<br>1,300<br>Other governance costs<br>-<br>225,390<br>Total 2022<br>£<br>Restricted expenditure<br>76,118<br>Unrestricted expenditure<br>149,272<br>225,390|_Total 2021_<br>£<br>_-_<br>_6,058_|
|---|---|
||_6,058_|
||_Total 2021_<br>£<br>_3,971_<br>_143,747_<br>_46,208_<br>_17,067_<br>_45,115_<br>_1,200_<br>_-_|
||_257,308_|
||_Total 2021_<br>_£_<br>_194,692_<br>_62,616_|
||_257,308_|



- **8 Analysis of expenditure on charitable activities** 

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<br>Social security costs<br>Employers pension contributions<br>Staff and volunteer training and expenses<br>Freelance/casual staff<br>Recruitment|Total 2022<br>£<br>113,255<br>9,658<br>5,894<br>451<br>8,848<br>764<br>138,870|_Total 2021_<br>_£_<br>_131,426_<br>_-_<br>_8,315_<br>_502_<br>_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<br>Job retention scheme|_Total 2022_<br>£<br>41,823<br>-<br>41,823|_Total 2021_<br>_£_<br>_14,543_<br>_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**<br>Additions<br>Disposals<br>At 31 December 2022<br>**Depreciation**<br>Charge for the year<br>Disposals<br>At 31 December 2022<br>**Net book value**<br>At 31 December 2022<br>At 1 January 2022<br>_At 31 December 2021_<br>At 1 January 2022|Exhibition<br>Roon<br>Equipment<br>£<br>£<br>19,854<br>2,167<br>-<br>-<br>-<br>-<br>19,854<br>2,167<br>7,942<br>2,167<br>3,971<br>-<br>-<br>-<br>11,913<br>2,167<br>7,941<br>-<br>_11,912_<br>_-_|Total<br>£<br>22,021<br>-<br>-|
|---|---|---|
|||22,021|
|||10,109<br>3,971<br>-|
|||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<br>Prepayments & other debtors<br>Amounts due from Victoria Baths Trading Ltd|31 Dec 22<br>£<br>7,420<br>2,570<br>67,166<br>77,156|31 Dec 21<br>_£_<br>_10,106_<br>_5,489_<br>_17,312_|
|||_32,907_|



## **16 Creditors: amounts falling due within one year** 

|Trade creditors & accruals<br>Taxation and social security costs<br>Pension|31 Dec 22<br>£<br>6,328<br>11,777<br>2,578<br>20,683|31 Dec 21<br>_£_<br>_1,332_<br>_4,429_<br>_-_|
|---|---|---|
|||_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<br>Manchester City Council<br>Architectural Heritage Fund<br>NHLF Culture Recovery Fund<br>Gill Wright memorial fund<br>Archangel fund<br>Manchester City Council<br>Architectural Heritage Fund<br>NHLF Culture Recovery Fund<br>Gill Wright memorial fund<br>Restoration fund<br>Restoration fund<br>Heating fund<br>Stained Glass<br>Stained Glass<br>**Previous**<br>**reporting period**|Balance at<br>1 January<br>2022<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>31<br>December<br>2022<br>£<br>£<br>£<br>£<br>£<br>25,039<br>14,647<br>-<br>-<br>39,686<br>65,844<br>-<br>-<br>(11,250)<br>54,594<br>2,444<br>-<br>-<br>-<br>2,444<br>-<br>11,125<br>(19,740)<br>11,250<br>2,635<br>-<br>41,823<br>(41,823)<br>-<br>-<br>12,125<br>-<br>(12,125)<br>-<br>-<br>409<br>-<br>-<br>-<br>409<br>998<br>5,455<br>(2,430)<br>-<br>4,023|
|---|---|
||106,859<br>73,050<br>(76,118)<br>-<br>103,791|
||Balance at<br>1 January<br>2021<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>31<br>December<br>2021<br>£<br>£<br>£<br>£<br>£<br>13,121<br>11,923<br>(5)<br>-<br>25,039<br>54,067<br>11,777<br>-<br>-<br>65,844<br>2,417<br>27<br>-<br>-<br>2,444<br>-<br>14,543<br>(14,543)<br>-<br>-<br>-<br>27,192<br>(15,067)<br>-<br>12,125<br>17,732<br>147,754<br>(165,077)<br>-<br>409<br>-<br>998<br>-<br>-<br>998|
||87,337<br>214,214<br>(194,692)<br>-<br>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<br>**Previous**<br>**reporting period**<br>General fund|Balance at<br>1 January<br>2022<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>31<br>December<br>2022<br>£<br>£<br>£<br>£<br>£<br>197,691<br>178,787<br>(161,158)<br>-<br>215,320|
|---|---|
||197,691<br>178,787<br>(161,158)<br>-<br>215,320<br>Balance at<br>1 January<br>2021<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>31<br>December<br>2021<br>£<br>£<br>£<br>£<br>£<br>127,139<br>139,226<br>(68,674)<br>197,691|
||127,139<br>139,226<br>(68,674)<br>-<br>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<br>Net current assets/(liabilities)<br>Total|General<br>Designated<br>Restricted<br>fund<br>funds<br>funds<br>Total<br>£<br>£<br>£<br>£<br>7,941<br>-<br>-<br>7,941<br>207,379<br>-<br>103,791<br>311,170|
|---|---|
||215,320<br>-<br>103,791<br>319,111|



21