A Company Limited by Guarantee. Registered in England Number 2502359 ## **Accounts for the year ended 31st October 2020** Registered Charity Number 1047299 ## **THE TABLEY HOUSE COLLECTION TRUST** ## **Legal and Administrative Details for the Year Ended 31st October 2020** Name: The Tabley House Collection Trust Status: Established as a company limited by guarantee (number 2502359) on 15th May 1990 and registered with the Charity Commission (Charity number 1047299) on 26th July 1995 Principal Address: Tabley House, Knutsford, Cheshire WA16 0HB Registered Office: c/o Finance Office, The University of Manchester, Oxford Road, Manchester M13 9PL Charity Objects: The charity is established to promote the appreciation of the arts among the general public by the display of the paintings, furniture and _objets d'art_ on loan to the Trustees from the University of Manchester. Charity Trustees: Ms K Lynskey Ms M C Pye (Chairman) Ms S Webb Ms C H Cooper Mr C B Tetlow Dr J A Hopkins Company secretary: Mrs L V A Bissell Organisational Structure: The Tabley House Collection Trust is an independent charity. The trustees are responsible for the overall management and control of the Charity. Day to day administration is delegated to the administrator and an assistant. Page 1 ## **THE TABLEY HOUSE COLLECTION TRUST** ## **Directors' Report for the Year Ended 31st October 2020** The Directors present below their report and financial statements for the year ended 31st October 2020. ## Activities and Review The Tabley House Collection Trust is a company limited by guarantee which became a registered charity on 26th July 1995. The Trust exists to promote the appreciation of the arts among the general public by the display, in the principal rooms at Tabley House, of the Tabley House Collection of paintings, furniture, _objets d'art_ etc on loan to it from the University of Manchester. The Collection is open for the general public on four days each week annually from April until the end of October, and on Bank Holiday Mondays. Volunteer room stewards provided information to visitors under the leadership of the Administration staff, who also organised numerous events held during the year in the rooms. The Directors wish to record their appreciation of the high standard of knowledge of the Collection among room stewards and of their willingness to attend at the rooms throughout the season, and the leadership displayed by the administration in the management of volunteers. The tea room operator Victoriana Ltd, on the back of their successful first three years, have been offered, and accepted, a further three year lease. The Portico Room and the Gallery remain popular venues for the performance of civil marriages. ## Finance Operating income for the year was comparable with the previous, up in some catagories and down in others. The administrative team continues to direct its energies towards marketing the wedding and other corporate hire, including film location work. The Trustees have continued to maintain a tight control on the cost base as far as possible, (overall increase of 6.2% on prior year) which is above the UK RPI inflation rate (1.3%) as at October 2020. The Trustees will continue to monitor the cost base especially in the light of the restictions that COVID-19 have imposed on the world. The Trustees are confident with government grants and tight controls, that the collection will weather this strange time and come out the other side in as good a condition as possible. Page 2 ## Directors and their interests Those who served as Directors and Trustees during the year were as follows: Ms K Lynskey Ms M C Pye (Chairman) Ms S Webb Ms C Cooper Mr C Tetlow Dr J A Hopkins No Director has any beneficial interest in the company. All Directors are members of the company and guarantee to contribute £1 in the event of a winding up. The number of guarantees at 31st October 2020 was 6 _(2019 - 7)._ The Trust had three (2019: 3) employees, 1 full-time, 1 part-time and one maturity cover. ## Director's Responsibilities Company law requires the Directors, who are also the charity trustees, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements, the Directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the company will continue on that basis. The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable it to ensure that the financial statements comply with the requirements of the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Page 3 ## Auditors For the period, the company was entitled to claim exemption from full audit under Section 477 and no notice from members requiring an audit has been deposited under Section of 476 of the Companies Act 2006 for the financial year. At the request of the Directors, an Independent Examination of the accounts was carried out and the Report is shown on Page 5. By Order of the Board 28 October 2021 **Ms M C Pye** Director and Trustee Page 4 The Tabl House Collettion Trust Independent EIaminer's Report to the Trustees of the Tabley House Collection Trust I report on the Accounts of the Trust for the year ended 1st Octolxr 2020 which are set out on pages 6 to Respeetive reS￿nsIbilitieS of Trnstees 2nd Examiner As the Charlty's Tn￿e¢S you are respKJnsible for the preparation of the Accounts, you consider that the Audit requirement of Section 43(2) of the Chatilies Act 1993 (the Act) does not apply. It is my responsibility to state. on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7) (b) of the ACL whether particular matters bave come to my attention. Basis of IndependeDt Examiner's Report My examination was traTried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charlty and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accoun￿ 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 audiL and consequently I do not express an audit opinion on the view given by the Accounts. Independent Examiner's StatemeDt In connection with my ¢Xamit)ati0￿ no matter has ￿me to my attention. {1 ) which gives me re&wnable Cause to believe that in any Materi￿ respect the quir¢menls: ke¢p accounting records in accordance with ￿tIon 41 of the ACL and to prepare Accotmts which accord with the accounting records and to comply with the accounting requirements of the ACL have not been met, or (2) to which, in my Opinio￿ attention should be drawi in order to enable a proper understanding of the Accounts to k reached. AJ Bond FCCA Rhos Neath 154 Hayfield Road Birch Vale High Peal SK22 IDF Page 5 ## **THE TABLEY HOUSE COLLECTION TRUST** |**2018-19**
**£**
**£**
706
5,723
148
2,282
535
2,004
6,700
1,968
20,066
54,553
**74,619**
6,225
1,228
6,000
80
1,908
50,589
6,000
1,454
885
250
**74,619**
**-**
4,640
(4,640)
-|**Income and Expenditure account for the year ended 31 October 2020**
Donations
Entry Fees
Shop takings
Tea Room
Guide books and catalogues
Party bookings
Weddings
Other Income
Total Operating income
Grant for the year ended 31 October 2020
**TOTAL INCOME**
Advertising and Publicity (incl Leaflets)
Maintenance
Utilities
Rates
Telephones
Staff Costs
Consultant Curator
General Administrative expenses
Sundry costs
Audit fees
**TOTAL EXPENDITURE**
**SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION**
**Conservation Expenditure**
Expenditure during the year
Grant due from the University of Manchester|**2019 -20**
**£**
**£**
-
1,708
27
307
76
-
-
15,516
17,634
61,888
**79,522**
1,493
1,270
6,000
81
2,027
53,604
6,000
1,966
6,831
250
**79,522**
**-**
1,256
(1,256)
-| |---|---|---| |||| There were no other recognized gains or losses for both the current and proceeding periods The notes on page 8 form an integral part of these accounts Page 6 ## **THE TABLEY HOUSE COLLECTION TRUST Balance Sheet at 31 October 2020** |**2018-19**
**£**
**£**
**Current Assets**
-
Accrued Income
-
Stock of Catalogues
1,742
Prepayment
16,093
Balance due from the University
4,515
Cash at bank and in hand
22,350
**Current Liabilities**
Creditors - Amounts falling due within one year:
21,750
Accrued expenditure
600
Wedding deposits received in advance
-
Other creditors
-
Balance due to The University
22,350
-
**Net Assets**
**Capital and Reserves**
-
Called up Share Capital
-
Profit and Loss account
-
Total Capital and Reserves|**2019-20**
**£**
**£**
-
-
678
29,237
-
29,915
27,750
600
1,565
-
29,915
-
-
-
-| |---|---| For the year ended 31 October 2020, the company was entitled to claim exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. These financial statements of the Tabley House Collection Trust (company registered number 2502359) were were approved by the Trust Board on 28 October 2021 and were signed on its behalf by: **Ms M C Pye** Director and Trustee Page 7 ## **THE TABLEY HOUSE COLLECTION TRUST** ## **Notes to the Accounts** - 1) Accounting Policy. The Accounts were prepared in accordance with the applicable accounting standards and under the historic cost convention. - 2) The University of Manchester has agreed to make a grant to the Tabley House Collection Trust to offset any operating deficit. During the year to 31 October 2020 the following grant was made: ||||**2019-20**||**2018-19**| |---|---|---|---|---|---| ||||£||£| ||Total Administrative Expenses||79,522||74,619| ||Less: Operating and Other income||(17,634)||(20,066)| ||**Grant Required**||61,888||54,553| ||Funds received from the University of Manchester||||| ||including payment of salary costs etc.||50,000||50,000| ||Add: Sundry Income received in advance b/fwd||74,022||78,575| ||Less: Income paid in advance||(62,134)||(74,022)| ||**Grant for year ended 31 October**||61,888||54,553| |3)|Conservation. The University has agreed to make a grant to the Tabley House Collection Trust to||||| ||cover the cost of conservation work, up to a maximum of £10,000 per financial year.||||| ||Grant for current year||**2019-20**
£
1,256||**2018-19**
£
4,640| ||Grant brought forward||90,115||85,475| ||**Total Conservation grants due from The University**||**91,371**||**90,115**| |4)|Net balance due to / (from) the University||||| ||Income paid in advance by The University (as note 2 above)||**2019-20**
£
62,134||**2018-19**
£
74,022| ||Less: Conservation grants due from The University (as note 3 above)||(91,371)||(90,115)| ||**Unspent/(overspent) grant from The University**||**(29,237)**||**(16,093)**| - 5) Taxation. The Company is a registered charity and as such no taxation is payable on the surplus of Income over Expenditure - 6) Members Liability. The guarantors of the Company are the Directors listed on page 1 whose individual liability is limited to £1.00. - 7) Cash Flow Statement. A cash flow statement has not been prepared as the Company is entitled under sections 246 - 249 of the Companies Act 1985 to file abbreviated accounts with the Registrar of Companies and therefore meets the exemption as defined in FRS1. Page 8