A Company Limited by Guarantee. Registered in England Number 2502359
Accounts for the year ended 31st October 2023
Registered Charity Number 1047299
THE TABLEY HOUSE COLLECTION TRUST
Legal and Administrative Details for the Year Ended 31st October 2023
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 Ms M A Bradbury
- 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 2023
The Directors present below their report and financial statements for the year ended 31st October 2023.
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 7% 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 Ms M A Bradbury
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 2023 was 6 (2022 - 6).
The Trust had three (2022: 3) employees, 1 full-time, 1 part-time, 1 part-time maternity 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 2023
| 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 2023 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 2023 3 |
2023 £ 132 6,580 235 3,510 453 2,681 2,125 3,347 19,062 51,846 70,908 4,921 562 6,000 0 4,346 53,060 0 1,374 394 250 70,908 0 4,931 -4,931 0 |
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 5,395 -5,395 0 |
|---|---|---|
The Tabley House Collection Trust Statement of Financial Position as at 31 October 2023
| 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 |
2023 £ 0 1,531 22,367 16,452 40,350 39,750 600 40,350 0 0 0 0 |
2022 £ 0 0 10,590 24,010 34,600 34,000 600 34,600 0 0 0 0 |
|---|---|---|
For the year ended 31 October 2023, 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 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 2023
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 2023 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 |
2023 £ 70,908 -19,062 51,846 45,000 90,910 -84,064 51,846 |
2022 £ 66,369 -21,334 45,035 45,000 90,945 -90,910 45,035 |
|---|---|---|
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 |
2023 £ 4,931 101,500 106,431 |
2022 £ 4,734 96,766 101,500 |
|---|---|---|
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 |
2023 £ 84,064 -106,431 -22,367 |
2022 £ 90,910 -101,500 -10,590 |
|---|---|---|
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.
A Company Limited by Guarantee. Registered in England Number 2502359
Accounts for the year ended 31st October 2019
Registered Charity Number 1047299
THE TABLEY HOUSE COLLECTION TRUST
Legal and Administrative Details
for the Year Ended 31st October 2018
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 Ms K J Harrison (resigned 22nd January 2019) 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 2019
The Directors present below their report and financial statements for the year ended 31st October 2019.
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 6.5% on prior year) which is above the UK RPI inflation rate (2.1%) as at October 2019.
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 Ms K J Harrison (resigned 22nd January 2019) 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 2019 was 6 (2018 - 7).
The Trust had three (2018: 2) employees, 1 full-time, 1 part-time and 1 maternity leave.
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
18 May 2020 Mrs LVA Bissell
Company Secretary
Page 4
THE TABLEY HOUSE COLLECTION TRUST
Income and Expenditure account for the year ended 31 October 2019
| 2017-18 £ £ 10 5,175 225 1,625 521 2,405 8,350 2,010 20,319 49,465 69,785 4,474 2,027 6,000 78 1,729 46,117 6,000 1,974 1,136 250 69,785 - 3,568 (3,568) - |
2018 -19 £ £ Donations 706 Entry Fees 5,723 Shop takings 148 Tea Room 2,282 Guide books and catalogues 535 Party bookings 2,004 Weddings 6,700 Other Income 1,968 Total Operating income 20,066 Grant for the year ended 31 October 2019 54,553 TOTAL INCOME 74,619 Advertising and Publicity (incl Leaflets) 6,225 Maintenance 1,228 Utilities 6,000 Rates 80 Telephones 1,908 Staff Costs 50,589 Consultant Curator 6,000 General Administrative expenses 1,454 Sundry costs 885 Audit fees 250 TOTAL EXPENDITURE 74,619 SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION - Conservation Expenditure Expenditure during the year 4,640 Grant due from the University of Manchester (4,640) - |
|---|---|
| 4,474 2,027 6,000 78 1,729 46,117 6,000 1,974 1,136 250 |
|
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 2019
| 2017-18 2018-19 £ £ £ £ Current Assets - Accrued Income - - Stock of Catalogues - 183 Prepayment 1,742 - Balance due from the University - 8,043 Cash at bank and in hand 4,515 8,226 6,257 Current Liabilities Creditors - Amounts falling due within one year: 14,227 Accrued expenditure 21,750 900 Wedding deposits received in advance 600 - Other creditors - (6,901) Balance due to The University (16,093) 8,226 6,257 - Net Assets - Capital and Reserves - Called up Share Capital - - Profit and Loss account - - Total Capital and Reserves - |
2017-18 2018-19 £ £ £ £ Current Assets - Accrued Income - - Stock of Catalogues - 183 Prepayment 1,742 - Balance due from the University - 8,043 Cash at bank and in hand 4,515 8,226 6,257 Current Liabilities Creditors - Amounts falling due within one year: 14,227 Accrued expenditure 21,750 900 Wedding deposits received in advance 600 - Other creditors - (6,901) Balance due to The University (16,093) 8,226 6,257 - Net Assets - Capital and Reserves - Called up Share Capital - - Profit and Loss account - - Total Capital and Reserves - |
2017-18 2018-19 £ £ £ £ Current Assets - Accrued Income - - Stock of Catalogues - 183 Prepayment 1,742 - Balance due from the University - 8,043 Cash at bank and in hand 4,515 8,226 6,257 Current Liabilities Creditors - Amounts falling due within one year: 14,227 Accrued expenditure 21,750 900 Wedding deposits received in advance 600 - Other creditors - (6,901) Balance due to The University (16,093) 8,226 6,257 - Net Assets - Capital and Reserves - Called up Share Capital - - Profit and Loss account - - Total Capital and Reserves - |
2017-18 2018-19 £ £ £ £ Current Assets - Accrued Income - - Stock of Catalogues - 183 Prepayment 1,742 - Balance due from the University - 8,043 Cash at bank and in hand 4,515 8,226 6,257 Current Liabilities Creditors - Amounts falling due within one year: 14,227 Accrued expenditure 21,750 900 Wedding deposits received in advance 600 - Other creditors - (6,901) Balance due to The University (16,093) 8,226 6,257 - Net Assets - Capital and Reserves - Called up Share Capital - - Profit and Loss account - - Total Capital and Reserves - |
|---|---|---|---|
| 14,227 900 - (6,901) |
|||
| - | Net Assets | - | |
| Capital and Reserves - Called up Share Capital - Profit and Loss account |
- - |
||
| - | Total Capital and Reserves | - |
For the year ended 31 October 2014, 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 and were signed on its behalf by:18 May 2020
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 2019 the following grant was made:
| Total Administrative Expenses Less: Operating and Other income Grant Required Funds received from the University of Manchester including payment of salary costs etc. Add: Sundry Income received in advance b/fwd Less: Income paid in advance Grant for year ended 31 October |
2018-19 £ 74,619 (20,066) |
2018-19 £ 74,619 (20,066) |
2017-18 £ 69,784 (20,319) |
|---|---|---|---|
| 54,553 | 49,465 | ||
| 50,000 78,575 (74,022) |
20,000 108,040 (78,575) |
||
| 54,553 | 49,465 |
- 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 Grant brought forward Total Conservation grants due from The University Net balance due to / (from) the University Income paid in advance by The University (as note 2 above) Less: Conservation grants due from The University (as note 3 above) Unspent/(overspent) grant from The University |
2018-19 £ 4,640 85,475 |
2018-19 £ 4,640 85,475 |
2017-18 £ 3,568 81,907 |
|---|---|---|---|
| 90,115 | 85,475 | ||
| 2018-19 £ 74,022 (90,115) |
2017-18 £ 78,575 (85,475) |
||
| (16,093) | (6,900) |
-
4) Net balance due to / (from) the University
-
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