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2023-12-31-accounts

Company Registration Number 2841292 Charity Registration Number 1026351

The Manchester Victoria Baths Trust

Financial Statements for the year ended 31[st] December 2023

Reference and Administrative Details

at 31 December 2023

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 2023:

Appointed Re-elected Notes
Bernard Priest Oct 2019 Jul 2023 Chair from June 2020
Janet Slade Mar 2013 Sep 2021
Barry Johnson Dec 2014 Sep 2021
Malcolm Knight Mar 2016 Jul 2022
Nigel Gloudon Mar 2016 Jul 2023
Matthew Holden Apr 2017 Jul 2022
Suzanne Donovan Feb 2020 Jul 2023
Gwyneth Brock Jul 2022
Gwynneth McManus Jul 2022
Roxy Stafford Jul 2022
Shaun Hinds Jul 2023

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

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for the year ended 31 December 2023

The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2023.

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 new History & Research Group met from October 2022 onwards, dealing with the history archive and its future. Plans were started in November 2023 for a new Engagement Group, which commenced to meet in early 2024. Operational management is delegated to the Managing Director with support from the Finance Manager, Facilities Manager, Engagement Manager and Event Manager (who is also a Trading Director).

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 with a particular focus on the building and financial performance 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

Restoration

Building Maintenance and Repairs

Remedial roof repairs were carried out in the Gala Pool, due to water ingress onto the balcony and pool basin. Initial repairs took place in early summer 2022 but the problem continued. After several attempts, the issue was identified as pointing deterioration and was resolved. Temporary repairs were also made to the sports hall roof lanterns.

Through a generous donation by a supporter, in early 2023 the two entrance doors into the Gala Pool were refurbished and new glass panels made by our stained-glass group fitted. The two doors either side were also refurbished and fitted with temporary opaque glass panels. This work was unveiled on the first Welcome Wednesday of 2023 in April.

Progress was delayed with the Fire Alarm and Emergency Lighting upgrades due to changes at Manchester City Council. These were developed throughout 2023 and into 2024, and are now at a stage where the fire alarm plans are complete and a lead in meeting is scheduled for late August 2024. The Emergency Lighting scheme is awaiting listed building consent.

Plans for use of the building as a multi-use event venue progressed significantly during 2023 and are currently undergoing a feasibility study and structural investigations. Draft plans include four separate event spaces, relocated offices, dedicated community spaces and a history and study centre. These plans are at a preliminary stage and subject to change.

Fundraising

The Gill Wright Memorial Fund

At t he e nd of t he ye ar t he balance s ood at £4,023. Our application to The National Archive for a scoping grant to facilitate a review of our history archive and collection was unsuccessful. It was decided to still go ahead with the work using some of this fund, along with generous donations from two of our supporters.

Tile Giant

Tile Giant UK was placed into administration in early 2023 and our partnership with them ended. We were unable to recoup the out anding balance of £3,000.

Website & Branding

A new Victoria Baths website launched in July 2023, incorporating the new visual identity. The new logo is based on interior and exterior ironwork and was designed with a degree of creative flexibility, to ensure that it s as user-friendly as possible. The colour palette is inspired by colours found throughout the building including the tiles, changing rooms, brickwork and stained glass.

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 most activities during winter.

We achieved an increase in visitor numbers in 2023, surpassing pre-Covid levels again, thanks to a range of engagement actions and third-party events.

Visitor/Engagement 2018 2019 2020 2021 2022 2023
Heritage 5,021 5,355 0 3,792 4,633 5,574
Arts,Community,Education 6,445 4,165 27 381 1,891 1,008
Online 0 0 1,176 5,025 0 0
Other venue hire 22,226 16,625 1,782 7,880 31,504 31,856
Other 127 191 0 96 0 0
Total 33,819 26,336 2,985 17,174 38,028 38,438

Heritage Activities

The public can access Victoria Baths through a variety of events, activities and group visits:

April SpringFest

September Heritage Open Days Pools of Creativity

October Halloween Events

Two silent disco events; a daytime Mini Monster Mash for kids, and in the evening The Silence of the Baths in partnership with promoter Girls on Film.

November Festive Winter Fair

This was operated on one day rather than across two, which proved a successful change.

April to September Welcome Wednesdays

May to August Welcome Sundays

To increase opportunities for people to visit, there were four summer Welcome Sunday events, with free general entry and an optional paid guided tour.

There were 7 private group tours and 12 education visits during 2023.

Heritage Visits 2018 2019 2020 2021 2022 2023
Weekends 3,694 4,198 0 3,085 3,321 3,945
WednesdayEntry (free) - - - - 735 1,053
WednesdayTours(paid) 804 837 0 391 361
Groups 523 320 0 316 577 215
Total 5,021 5,355 0 3792 4,633 5,574

4

Arts, Community, Education Activities

Arts, Community,
Education Visits		 2018 2019 2020 2021 2022 2023
Arts 4,120 3,054 13 156 1,314* 193
Community 1,305 651 0 12 65 427
Education 1,020 460 14 213 512 388
Total 6,445 4,165 27 381 1,891 1,008

*2022 includes 650 visits for Village Screen, their final events at Victoria Baths.

2023 activities included:

Performances by seven Greater Manchester choirs Art Exhibitions involving 12 Greater Manchester artists Student Photoshoots and Educational visits MCR Skate Jam - community roller skating event Hidden Network volunteer conference Neighbours Welcome event inviting local residents to share feedback Pool Arts Collective venue takeover, part of Heritage Open Days Institute for Cultural Practices placements The University of Manchester American placement - University of North Carolina at Charlotte Working with local charity Pure Innovations as a catering supplier The Sculpts and After the Rain join the VB shop as local art suppliers

Other Venue Hire Activities

Commercial venue hire is usually an important area of business for Victoria Baths. There were 31,856 visitors to the Baths for these activities in 2023, compared to 31,504 in 2022.

Events

We were pleased to welcome some new events and the return of previous ones:

March, June, October Vintage Home Show March, September Clothes Cycle April Fever 360 nightlife event April YB Island nightlife event April UCEN Student Showcase May Hippos Remixed nightlife event June One Education choir event July VB Wedding Open Day July LGBT Foundation staff away day and volunteer award ceremony August Sofar Sounds September September Northern Wave 25[th] Party October Independent Manchester Beer Convention October The Home Upgrade Show October Great Northern Contemporary Craft Fair October Manchester Tech Festival November The Gin to My Tonic December Manchester Modern

5

Filming & Photoshoots

The Events staff hosted filming activities, including A Gentleman in Moscow and Brassic as well as many photoshoots, such as Regatta and Gola.

Weddings

Between April and September 15 weddings took place.

Employees

There was a changeover of Caretaker from April, and temporary cover for the Finance Manager maternity leave also started that month. An Engagement Coordinator was appointed in October, which is a new part-time role. The Council of Management continues to review the staffing complement to meet the changing needs of the organisation.

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 2023 we focused on increasing community footfall to our events and developing relationships with residents

to local organisations, houses and shops.

We launched a series of child-friendly school holiday activities, and increased visits from groups across Greater Manchester through pro-active networking, with visits from 21 Voluntary, Community & Social Enterprise groups to our Welcome Wednesdays.

For the Welcome Sunday event launch we invited community organisations to use Victoria Baths for their own activities, and this included an information stall from local venue 422 Community Hub, a SHE Choir MCR rehearsal, a Back on Track Education Group social group visit and the MCR Skate Jam community event.

Volunteers

Volunteers are involved in a wide range of activities. Regular volunteers lead the public-facing activities of our public entry days and events such as the Tea Room, Shop, Welcome Desk and as Tour Guides. Other activities include assisting building maintenance, history research, stained-glass preservation and maintaining the history archive. Our Trustees are also all volunteers.

During 2023 we developed new opportunities for volunteers to be involved in ad-hoc/one off volunteering opportunities, increasing opportunities for Employer Supported Volunteering (ESV) and Student Volunteers to be involved in maintenance, and event setup/delivery roles. Over 120 students and 10 ESV volunteer groups completed 1,050 volunteering hours for Victoria Baths.

Volunteers Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Regular involvement 56 61 38 42 33
Student/Corporategroups Unrecorded 165
Total 56 61 38 42 198

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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 2023 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 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Payannual subscription 387 444 442 303 271
Restoration Supporter 157 141 146 121 120
Volunteers - no subscription 17 22 21 21 22
Honorary Friend /
Restoration Supporter		 11 11 11 11 11
Free Membership 217 0 0 71 30
Total 789 618 620 527 454

Financial Review

This is the eleventh 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 £386,873 for 2023, com par d to £304,243 in 2022 and donated profits to the Trust were £123,443 in the ye ar com par d to £121,614 in 2022.

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.

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At t he pe iod e nd, the Tr us he ld £187,578 in its unrestricted funds, 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 Designated Fund ’S original 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 2023 the restricted funds am ount d t o £139,013. The Archangel Fund was set up to contribute to the Turkish Baths restoration project and 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: 4 September 2024

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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 2023 which are set out on pages 10 to 22.

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:

have not been met; or

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

5 September 2024

9

Manchester Victoria Baths Trust

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 December 2023

Unrestricted
funds
Note
£
Income
Donations and legacies
3
129,858
Charitable activities
4
34,563
5
9,969
Investments
6
5,347
Total income
179,737
Expenditure
Raising funds
7
5,728
Charitable activities
8
191,572
Total expenditure
197,300
9
(17,563)
Transfer between funds
-
17,
18
(17,563)
Reconciliation of funds
Total funds brought forward
215,320
Total funds carried forward
197,757
Fees and other income
Net income/(expenditure) for the
period
Net movement in funds for the
period		 Restricted
funds
£
15,985
69,970
-
-
85,955
-
60,912
60,912
25,043
-
25,043
103,791
128,834		 Total funds
2023
£
145,843
104,533
9,969
5,347
265,692
5,728
252,484
258,212
7,480
-
7,480
319,111
326,591		 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

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

10

Manchester Victoria Baths Trust Company number 2841292

Balance sheet as at 31 December 2023

Note 31 December 2023 31 December 2023 31 December 2022 31 December 2022
£ £ £ £
Fixed assets
Tangible assets 14 3,970 7,941
Total fixed assets 3,970 7,941
Current assets
Debtors 15 162,745 77,156
Cash at bank and in hand 177,049 254,697
Total current assets 339,794 331,853
Liabilities
Creditors: amounts falling
due in less than one year 16 (17,173) (20,683)
Net current assets 322,621 311,170
Total assets less current liabilities 326,591 319,111
Net assets 326,591 319,111
Funds of the charity
Restricted income funds 17 128,834 103,791
Unrestricted income funds 18 197,757 215,320
Total charity funds 326,591 319,111

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 12 to 22 form part of these accounts.

Approved by the trustees of Manchester Victoria Baths Trust on 4 September 2024, and signed on their behalf by:

Bernard Priest (chair)

11

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023

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.

12

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (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.

13

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (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.

14

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

3 Income from donations and legacies

Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
£ £ £ £ £ £
Donations 5,565 13,132 18,697 8,526 20,973 29,499
Gift Aid 850 2,853 3,703 722 5,172 5,894
Donation from
subsidiary co. Victoria
Baths Trading Ltd 123,443 - 123,443 121,614 - 121,614
Total by fund 129,858 15,985 145,843 130,862 26,145 157,007
Income from charitable activities
Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
£ £ £ £ £ £
Grants
Manchester City
Council - 69,970 69,970 - 41,823 41,823
Forever Manchester 100 - 100 - - -
Sporting Heritage 188 - 188 - - -
Earned income - -
Public Events and
group visits etc. 29,318 29,318 30,162 5,082 35,244
Community Arts &
y
Education		 4,957 - 4,957 7,324 - 7,324
Total by fund 34,563 69,970 104,533 37,486 46,905 84,391
Tea Room income
Fundraising activity
`		 Unrestricted
Restricted
Total 2023
Unrestricted
Restricted
Total 2022
£
£
£
£
£
£
9,969
-
9,969
9,308
-
9,308
-
-
-
-
-
-
9,969
-
9,969
9,308
-
9,308

15

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

6 Investment income

Investment income
Income from deposit
accounts		 Unrestricted
Restricted
Total 2023
Unrestricted
Restricted
Total 2022
£
£
£
£
£
£
5,347
-
5,347
1,131
-
1,131
5,347
-
5,347
1,131
-
1,131

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 2023
£
Staff costs
-
Fundraising costs
5,728
5,728
Analysis of expenditure on charitable activities
Total 2023
£
Depreciation
3,971
Staff costs
148,994
Grant paid to Victoria Baths Trading Ltd
31,696
Building costs
51,168
General running costs
15,305
Other governance costs
Independent examination and accountancy
1,350
Other governance costs
-
252,484
Total 2023
£
Restricted expenditure
60,912
Unrestricted expenditure
191,572
252,484		 Total 2022
£
-
11,886
11,886
Total 2022
£
3,971
136,468
-
51,873
31,778
1,300
-
225,390
Total 2022
£
76,118
149,272
225,390

8 Analysis of expenditure on charitable activities

16

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

9 Net income/(expenditure) for the year

This is stated after charging/(crediting): Total 2023 Total 2022
£ £
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 2023
£
129,370
11,548
3,970
802
2,921
383
148,994		 Total 2022
£
113,255
9,658
5,894
451
8,848
764
138,106

No employee has employee benefits in excess of £60,000 (2022: 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 5.45 (2022: 4). The average full time equivalent number of staff employed on Victoria Baths Trust activities during the year was 4.18 (2022: 2.9).

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 £82,693 (2022: £79,420).

Half of operations manager's salary is paid by Victoria Baths Trading Limited, and 80% of the events managers salary is paid by Vistoria Baths Trading Limited.

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the period (2022: None). No trustee expenses were claimed in the year (2022 £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 (2022: nil).

17

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council Total 2023
£
69,970
69,970		 Total 2022
£
41,823
41,823

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 2023
Depreciation
Charge for the year
Disposals
At 31 December 2023
Net book value
At 31 December 2023
At 1 January 2023
At 31 December 2022
At 1 January 2023		 Exhibition
Room
Equipment
£
£
19,854
2,167
-
-
-
-
19,854
2,167
11,913
2,167
3,971
-
-
-
15,884
2,167
3,970
-
7,941
-		 Total
£
22,021
-
-
22,021
14,080
3,971
-
18,051
3,970
7,941

18

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

15 Debtors

Debtors
31 Dec 23
£
Grants receivable
15,600
Prepayments & other debtors
2,062
Amounts due from Victoria Baths Trading Ltd
145,083
162,745
Creditors: amounts falling due within one year
31 Dec 23
£
Trade creditors & accruals
5,605
Taxation and social security costs
11,568
Pension
-
17,173		 31 Dec 22
£
7,420
2,570
67,166
77,156
31 Dec 22
£
6,328
11,777
2,578
20,683

16 Creditors: amounts falling due within one year

19

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (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
Heating fund		 Balance at
1 January
2023
Income
Expenditure
Transfers
Balance at
31
December
2023
£
£
£
£
£
39,686
15,172
(5,975)
-
48,883
54,594
-
-
-
54,594
2,444
-
-
-
2,444
2,635
813
-
-
3,448
-
69,970
(59,812)
-
10,158
-
-
4,875
-
4,875
409
-
-
-
409
4,023
-
-
-
4,023
103,791
85,955
(60,912)
-
128,834
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

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.

20

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (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.

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

Balance at
Balance at 31
1 January December
2023 Income Expenditure Transfers 2023
£ £ £ £ £
General fund 215,320 179,737 (197,300) - 197,757
215,320 179,737 (197,300) - 197,757
Previous Balance at
reporting period Balance at
1 January		 31
December
2022 Income Expenditure Transfers 2022
£ £ £ £ £
General fund 197,691 178,787 (161,158) 215,320
197,691 178,787 (161,158) - 215,320
Name of fund Description, nature and purposes of the fund
General fund The unrestricted funds of the charity

21

Manchester Victoria Baths Trust

Notes to the accounts for the year ended 31 December 2023 (continued)

19 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
Designated
Restricted
fund
funds
funds
Total
£
£
£
£
3,970
-
-
3,970
193,787
-
128,834
322,621
197,757
-
128,834
326,591

22