A Company Limited by Guarantee. Registered in England Number 2502359
## **Accounts for the year ended 31st October 2022**
Registered Charity Number 1047299
## **THE TABLEY HOUSE COLLECTION TRUST**
**Legal and Administrative Details for the Year Ended 31st October 2022**
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: Registered Office:
Tabley House, Knutsford, Cheshire WA16 0HB
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
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 2022**
The Directors present below their report and financial statements for the year ended 31st October 2022.
## 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 8% on prior year).
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
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 2022 was 5 _(2021 - 6)._
The Trust had three (2021: 2) employees, 1 full-time, 1 part-time, 1 part-time 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
## **C.Pye**
Director
Page 4
The Tabley House Collection Trust Statement of Comprehensive Income for the year ended 31 October 2022
|Notes
Donations
Entry Fees
Shop Sales
Tea Room
Guide Books and Catalogues
Party Bookings
Weddings
Other Income
**Total Operating Income**
Grant due for the year ended 31 October 2020
2
**Total Income**
Advertising and Publicity
Maintenance
Utilites
Rates
Internet & Telephone
Staff Costs
Consultant Curator
General Administrative Expenses
Sundry Costs
Audit Fees
**Total Expenditure**
**Surplus on Ordinary Activities before Taxation**
**Conversation Expenditure**
Expenditure during the year
Grant due for the year ended 31 October 2020
3|2022
£
203
5,498
425
3,324
424
1,799
4,400
5,261
**21,334**
45,035
**66,369**
4,647
720
6,000
0
1,376
51,278
0
1,231
866
250
**66,369**
**0**
4,734
-4,734
**0**|2021
£
130
3,226
376
1,880
234
885
2,036
31,397
**40,164**
21,189
**61,353**
2,445
1,352
6,000
0
1,848
46,553
206
1,498
1,202
250
**61,353**
**0**
5,395
-5,395
**0**|
|---|---|---|
## The Tabley House Collection Trust Statement of Financial Position as at 31 October 2022
|Notes
**Current Assets**
Accrued Income
Prepayment
Balance due from the University
4
Cash at bank and in hand
**Current Liabilities**
Creditors - Amounts falling due within one year
Accrued Expenditure
Wedding deposits received in advance
Other creditors
Balance due to the University
4
**Net Assets**
**Capital and Reserves**
Called up Share Capital
Retained Earnings
**Total Capital and Reserves**|2022
£
0
0
10,590
24,010
34,600
34,000
600
34,600
0
0
0
0|2021
£
0
308
5,821
22,221
28,350
27,750
600
28,350
0
0
0
0|
|---|---|---|
For the year ended 31 October 2022, 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 ausit 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 approved by the Trust Board on 18/07/2023 and were signed on its behalf by:
Ms M C Pye Director and Trustee
The Tabley House Collection Trust Notes to the Financial Statements for the year ended 31 October 2022
## 1) **Accounting Policy**
The accounts were prepared in accordance with the applicable accounting standards and under the historic cost convention.
## 2) **Grant due to Tabley House Collection Trust**
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 2021 the following grant was made:
|Total Administrative Expenses
Less: Operating and Other Income
**Grant Required**
Funds received from the University of Manchester
Add: Sundry Income received in advance b/fwd
Less: Income paid in advance
**Grant for the year ended 31 October**|2022
£
66,369
-21,334
45,035
45,000
90,945
-90,910
45,035|2021
£
61,353
-40,164
21,189
50,000
62,134
-90,945
21,189|
|---|---|---|
## 3) **Conservation**
The University of Manchester has agreed to make a grant to the Tabley House Collection Trust to cover the cost of conservation work.
|Grant for current year
Grant brought forward
**Total Conservation grants due**|2022
£
4,734
96,766
101,500|2021
£
5,395
91,371
96,766|
|---|---|---|
## 4) **Net balance due to/(from) the University of Manchester**
|Income paid in advance (as note 2 above)
Less: Conservation grants due (as note 3 above)
**Unspent/(Overspent) grant**|2022
£
90,910
-101,500
-10,590|2021
£
90,945
-96,766
-5,821|
|---|---|---|
## 5) **Taxation**
The company is a registered charity and as such no taxation is payable on the surplus of income over expenditure.
## 6) **Member 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.
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