## 

## 

|||||||Page|
|---|---|---|---|---|---|---|
|Refereace and Administrative||||Details ofthe Charity,|its Trustees and Advisers||
|Trustees'<br>Report||||||2 - 10|
|Independent|Auditors'||Rcport|on thc Financial Statements|||
|Consolidated|Statement||ofFinancial Activities||||
|Consolidated|Balance|Sheet||||16|
|Charity Balance Sheet||||||17|
|Consolidated|Statement||ofCash Flo»s||||
|I%ates to the|Financial|Statements||||19 - 39|





|||||Rcfcrcncc and Administrative|Rcfcrcncc and Administrative|Rcfcrcncc and Administrative|Rcfcrcncc and Administrative|Details ofthc Charity,|Details ofthc Charity,|Its Trustccs and Advisers|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||For the Year Ended 31 March 2023|||||
|Tl'ilstees||||P C Van Dcn|Houtcn||(rcsignial||I I Novcmbcr 2022)||
|||||J M Williams|||||||
|||||J J Sandbach|(resigned||I I November 2022)||||
|||||T Hethenngton|||||||
|||||JRMycock|||||||
|||||R G Pulford|||||||
|||||V Batillova (appointed|||28 July||2023)||
|||||Z C Dunbar (appomted|||28 July||2023i||
|||||A G Palmer|||||||
|||||SP Wood|||||||
|Company|registered||number|03053689|||||||
|Charity|registered||number|I048581|||||||
|Registered||office||Manchester<br>Art|Gallery||||||
|||||Motley Strcct|||||||
|||||Manchester|||||||
|||||M2 3JL|||||||
|Company|secretary|||JL Bcggs|||||||
|Independent||auditors||Hurst Accountants||Lnmted|||||
|||||Chartered<br>Accountants|||& Statutory<br>Auditors||||
|||||Lancashire<br>Gate|||||||
|||||21 Tiviot Dale|||||||
|||||Stockport|||||||
|||||Cheshire|||||||
|||||SKI ITD|||||||
|Bankers||||Virgin Money|||||||
|||||48-50 Market Street|||||||
|||||Manchester|||||||
|||||Ml<br>IPW|||||||





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|||||||Total|70/0/|
|---|---|---|---|---|---|---|---|
|||||liorestrlcted<br>funds|Restricted<br>funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|||||
|Incume from:||||||||
|Donations<br>and legacies||||54,521|2,210|81.731|429,503|
|(.:hantable acti utica||||48,016|105,765|153,781|2/2, 225|
|Other tradmg|activities|||1.023 175||1,023 775|71.1,//8 9|
|Invest/nests||||27,645||27,645|/76|
|Total income||||1,153,557|132,975|1486,532|/,394,993|
|Expenditure|on:|||||||
|Raismg funds||||966,943|40398|1,007341|700,4/5|
|Chantable<br>activities||||71,426|215,081|286,507|257,732|
|Total expenditure||||1,038769|255,479|1493,848|958,/47|
|Net movement|In funds|||115,188|(122,504)|(7416)|436,846|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||976,448|511,211|1,487,659|/,050.8/3|
|Nct movcmcnt|in funds|||115,188|(122,504)|(7316)|43/, 846|
|Total funds carried||forward||1.091,636|388,707|1,480043|/,487.659|





|||||||Consolidated|Balance Sheet||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||As at 31|March 2023||||
|||||||||2023||2022|
|||||||~ote|||||
|Fixed assets|||||||||||
|Tangible|assets|||||14||87,677||/22. 2/3|
|Current|assets||||||||||
|Stocks||||||16|10,922||||
|Debtor~||||||17|52,461||I 78',/87||
|Cash at bank||and m|hand||||1,887,038||/..193,675||
||||||||1,95tl,421||/, 775,858||
|Creditors|amounts||falhng|due within|one year||(557,755)||(4mi 4.12/||
|Net current||assets||||||1 392,666||/.56.5,426|
|Total net|assets|||||||1,480343||/,487,659|
|Charity funds|||||||||||
|Restncted|funds|||||||3811,707||5//. 2/I|
|Unrestricted||funds||||19||1,091,636||976.448|
|Total funds||||||||/,480+43||/. 48'7, 65V|





||||||(A Company|Limited|by Guarantee)|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Rcgistcrcd|number:|03053689|||||
||||||Charity|Balance Sheet||||||
||||||As at|31 March 2023||||||
|||||||||2023|||2022|
||||||~ote|||||||
|Fixed assets||||||||||||
|Investments|||||15|||||||
|Current<br>assets||||||||||||
|Debtors|||||17||68„189||340,376|||
|Cash at bank|and in hand||||||1,497,610||/, /73, v67|||
||||||||1,565,999||/,3/4.343|||
|Creditors<br>amounts||falhng|due withm|one year|||(203,67I )||/2/|I5,2/8/||
|Net current|assets|||||||1362328|||/,298./23|
|Total net assets||||||||1„362329|||/,298,/27|
|Charity funds||||||||||||
|Restricted<br>t'unde|||||19|||322„171|||43/, /06|
|Unrestncted|funds:|||||||||||
|Gcncral funds|||||19||1,039,958||867,i)2/|||
|Total unrestncted||funrks|||19|||1,039,958|||867,02/|
|Total funds||||||||1362329|||/,298/27|





|||||Coosolidated|Coosolidated|Statement ofCash Flows||||
|---|---|---|---|---|---|---|---|---|---|
||||||For the Year Ended 31March 2023|||||
|||||||||2023|2022|
||||||||Note||6|
|Cash flows from operating||activities||||||||
|Net cash used m operating|activities||||||21|282,482||
|Cash fluws frum investing||activities||||||||
|Dividends,<br>mieresi and rents||I'rom mvestments||||||28244|/76|
|Proceeds from the sale cftangible<br>tixed assets|||||||||.5,975|
|Purchase oftangible<br>fixed|assets|||||||(17379)|/Gg G53/|
|Net cash provided<br>by/(used||in) investing||activities||||10,865|(63,502)|
|Cash flows from flnancing||activities||||||||
|Net cash provided<br>by tlnancing<br>activities||||||||||
|Change<br>in cash and cash equivalents|||in|the year||||293„147|579,601|
|Cash and cash equivalents|at the beginmng|||ofthe year||||1,593,675|/,014.072|
|Cash and cash equivalents||at the end|of|the year|||22|1,887,022|/,593,675|
|Thc notes on pages 19to 39||form part ofthcsc financial|||statcmcnt|||||





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|6.|Income from trading|Income from trading|activities|activities|||||
|---|---|---|---|---|---|---|---|---|
||incorae frora aon charitable|||trading|activities||||
|||||||Unrcstrictcd<br>funds<br>2023|Total<br>funds<br>2023|/olo/<br>/los/I<br>2/I'|
|||||||f|f||
||Catering, cvcnts and vcnuc hire|||||1.02,375|1,023375|753,089|
||Total 2023|||||1,023,375|1,023375|7.t3,0,'IO|
||Toto/?022||||||||
|||||||753 0//9|753 089||
|7.|investment|income|||||||
|||||||Unrestricted|Total|/onl/|
|||||||funds|funds|Trust/J|
|||||||21123|2023|202|
||Investment<br>mcome - other local|||unbated||(600)|(600)||
||Income from|bank deposits||||28,245|28,245|/76|
||Total 2023||||||||
|||||||27,645|27,645|/76|
||Toto/?022|||||/76|/76||





## 

||||||Unrestricted|||Total|fo(n/|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|Restricted|funds|funds|f|
||||||2023||2023|2023|2022|
|Cost of|sales and admiiustrative|||expenses|413,899|||454,197|/6'3, 357|
|Wages|and salancs||||476,313|||478313|445,240|
|National|msurance|contnbutions|||28,5(i3|||28,563|26.252|
|Pension|costs||||7,561|||7,561|7,Vo.t|
|Depreciation oftangible|||fixed assets||38,607|||38,607|35.53/|
|Total 2023||||||40,398||1,007„141|,nn, 4/5|
|To(n/ 2022|||||6/7,245|83,/|70|7(&0,4(5||



## 

||Unrestricted||||||
|---|---|---|---|---|---|---|
||funds|Restricted|funds|Total||folv|
||2023||2023|2023||202|
||||f|8|||
|(iallerv|26,700|||26,700|/30, 9/5||
|Exhibitions||it(6,885|||69,6'25||
|Fnends scheme|26|||26||457|
|Other fundraismg|3,485|||3,485||3,403|
|Acqu&sit&ons||8,196||28,196|35,/79||
|Ciovernance|41,215|||41,215|l8959||
|Total 2023|71,'l26|215,0111||286,507|75|737|
|D&/(n/ 2022|l54,737|/02, 995||257,732|||





## 

## 

|||Acti v|it/as|||||
|---|---|---|---|---|---|---|---|
|||undertaken||||Total|7'on/|
|||directly||Support|costs|funds|/I II1i/i|
||||2023||2023|2023|2//2|
||||||f|f||
|Gallery||26,700||||26,700|/30, 9/8|
|Exhibitions||186,885||||186,8t15|69.//25|
|Friends schcmc||26||||26|4.57|
|Otiier fundraismg||3,4/i5||||3,485|5.403|
|Acquisitions||28,196||||28,196|55./70|
|Governance||||41,215||41,215|/9.959|
|Total 2023||245,29||41,215||286,407|25, ,32|
|To/u/ 202?||||||||
|||257,775||||257,732||
|Analysii<br>ofsupport|costs|||||||



||||Total|To/n/|
|---|---|---|---|---|
|||(:overnsnce costs|funds|fnndi|
|||2023|2023|2022|
||||8|6|
|Audit fees||1?,09/i|12,090|/ /<br>3 1/3|
|Accountancy|fees|29,087|29,087|8,287|
|Bank charges|||38||
|Total 2023||41,213|432/5|/9, g59|
|To/ii/ 2022||/9,959|/9, 959||





## 

|||||||||||||2023|202 i|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||f|6|
|Fccs payablc to thc Chanty's||||auditor||for|thc|audit ofthc|Charity's|annual|accounts|12,090|7(,.i50|
|Fees payable to the Charity's||||auditor||in respect of.||||||||
|Taxation scrvicc||not mcludcd|||above|||||||710|.550|
|Staffcosts||||||||||||||
|||||||||||||Group|Group|
|||||||||||||2023|2022|
|||||||||||||f|6|
|Wages and salanes||||||||||||478013|445,240|
|Social secunty costs||||||||||||28,563|26.252|
|Contribution|to defined||contribution|||pension||schemes||||7361|7,005|
|||||||||||||814,437|478,497|
|The iiverage|number of||persons||employed||hy|the 1'banty|during|the year|ass as fogovvv|||
|||||||||||||Group|Group|
|||||||||||||2023|2022|
|||||||||||||~o.|N|
|Employees||||||||||||40|35|



## 



||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Plant snd||Computer||
||property|machinery|OAice equipment|equipment|Total|
||2|||5|8|
|Cost or valuation||||||
|At<br>I Apnl 2022|21310|84300|37,840||197,793|
|Additions||4,812|12467||17479|
|Disposal s|(10,850)|(5,489)|(1,130)|(7,451)|(24.920)|
|At 31 March 2023|10,460|83423|49,277||190,252|
|Depreciation||||||
|At<br>I Apnl 2022|3,460|42,955|9,689|19,456|75,560|
|Charge for the year|3,11"|10244|8,801|16,44(|38,607|
|On dixpoxals|(3,798)|(3,422)|(105)|(4.267)|(11,592)|
|At 31 March 2023|2,779|49,777|18„185|31,634|102,575|
|Net book value||||||
|At 31 March 2023|7,681|31,746|30,892|15ii8|87,677|
|Al 31March 2022|47,810|4(745|28(57|54,987|422,233|





||Investments<br>In|
|---|---|
||subsidiary|
||companies|
|Charity||
|Cost or valuation||
|At I Apt d 2022|4,002|
|Amounts<br>wntten olf||
|At 31 March 2023||
||4,001|
|Impairment||
|At I Apnl 2022|4,000|
|At 31 March 20 3||
||4,000|
|Net hook value||
|At 31 March 2023||
|Ar31March 2022||



|||||||Group|4ronp|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Fmished|goocts|and|goocis|for|resale|10,922|3,996|





## 

|||Group|Group|Company|Componv|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||||f|6|
|Due within one veer||||||
|Trade debtors||44,980|84.980|5,478|6,875|
|Amounts<br>owed by group undertakings||||61,133|33(,738|
|Other debtors||1,128|88482|1,778|/, 763|
|Prepayments|and accrued mcome|4+53|4,72.1|||
|||52,461|/78, /87||340,376|



## 

||||Group|Group|Company|Componv|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||||f|6|
|Bank overdrafts|||16||||
|Trade creditors|||17,075|Is,Z53|37|2447|
|Other taxation|and social security||43,678|47,804|||
|Other creditors|||133492|27,827|9,974|7.m/2|
|Accruals<br>and deferred||income|363„194|3/6,548|193,660|205,969|
|||||||Z/6, 2(8|
||||557,755|4/0, 432|203,671||





||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2023|2022|2023|2022|
||||||f|f|f|f|
||Deferred<br>m come|at<br>I Apn|I 2022||315,94)l|)27,060|205,969|53.974|
||Resourcm defened<br>dunng||the year||485,166|31.5,940|195378|203,969|
||Amounts<br>released|from prewous||penoctv|(315,948)|()27,0601|(205,969)|153.974)|
|||||||||20.5.969|
||||||405,166|31.5,948|19(378||
|19.|Statement offunds||||||||
||Statement<br>of|funds - current||year|||||
||||||Balance at I|||Balance at 31|
||||||April 2022|Income|Etpcndlturc|March 2023|
|||||||||f|
||Unrestricted|funds|||||||
||General funds||||976,448|1,151,556|U,038169)|1,091,635|
||Unallocated<br>amounts||||||||
||||||Balance at I|||Balance at 31|
||||||April 2022|Income|Expenditure|March 2023|
||||||f|f|f|f|
||Restricted<br>funds||||||||
||Zochonts<br>Trust||||51576|20,(H)0||73,576|
||Clore Duffield Foundation||(Learning &Engagement)||16,000|||16,000|
||Assheton<br>Bennett||||15,(73|||15,173|
||National<br>Archives|||||1(,IHIO||15,000|
||Oglesby Chantable<br>Trust|||||61,26(|(39,(36)|21,729|
||Paul Mellon - Spccch Acts||||2377|||2377|
||University<br>of Manchester||(Suzanne Lacy)|||5500||5,500|
||GMCA (AoR Project)||||14,000|14,(H)0||28,000|
||Hentage<br>Lottery|Fundmg|- Collectmg Cultures||70|||70|
||Dcrck Jarman||||54,741||(49,741)||
||Culture<br>Recovery|Fuud|||||(40398)|39,636|
||Hcadlcv Trust||||20,000|10,(H)0|(27,797)|2,203|
||Franco Wmham|(Makmg|Cimv emationv)||z,nnn||(z,nnn)||
||Paul Hamlyn<br>Foundation|||||||55|
||National<br>Hentage|I'und (Tradmg||Stations)|||(568)||
||Platt Hall Project||||||(10,601)|(1,110)|
||Fashion Gallery||||193465||(35.6(3)|157,612|
||Other iinmaterial|restricted|pioject funds||49,861|7,210|(49,185)|7,886|





|Statement|of|funds|funds|-|current year (continued)|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Balance at I||||Balance at 31|
||||||||April 2022|income|Expenditure||March 2023|
||||||||f|||f|f|
||||||||511,211|132,975||(255,479)|388,707|
|Total offunds|||||||1,487,659|1,286 532|(1,293,848)||1,480„343|
|Statement|of|funds||—prior year||||||||
||||||Be/alii|I'. Ilt|||||Ba/ance a(|
||||||/ .4pri/|2021|/ncome|Etpcndi nire|Transfers|mtoa(|3/ Varcn 2022|
|||||||||||f|6|
|Unrestricted||funds||||||||||
|Gcncral Funds|||||4/n, h'47||/, 035,3/6|(77i 982i||l(i2 267|976,448|
|Restricted<br>funds||||||||||||
|Zochonn<br>Trust||||||90,nnn||||(36,424/|53.576|
|Clorc Dutiicld|Foundation||||(Learning &|||||||
|Engagement)||||||/0, 000|6,000||||16,linn|
|Axshctun<br>Bcnncu||||||15,/7i|||||/.5,I73|
|~ational<br>Archives||||||14.263||||(/4, 263/||
|Oglesby Charitable|||Trust|||rn, nnn||||(40,0nni||
|Paul Mellon<br>-|Speech Acts|||||3,377||I /, IIIVI/|||2377|
|Graysons<br>Art|Club|||||I03.57||||(16,.1571||
|Umversity<br>of|Manchester||||(Sucanne Lacy)|9,400||||(9,400/||
|CiMCA (AoR|Project)||||||/4,000||||ir,non|
|Hentage Lottery||Fundmg|||-Collectmg|||||||
|Cultures||||||(i,957/||||2,027||
|Dcrck Jsmmn||||||.52250|/0,000|(/2, 50ul|||.54,74/|
|Culture<br>Recovery|||Fund|||/90, 459|/44, 095|(I13./70/||I/71,350/|II(i.034|
|Ilcadlcy Trust|||||||20.(f00||||20,000|
|Franms<br>Winltam||(Making|||Conversations)|',000|||||z.oon|
|Paul Hamlyn|Foundation|||||22 706||(22,61.51||(50.16/|5.5|





|19.|Statement|of|funds|(continued)|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Statement|of|funds|- prior year (continued)|||||||
||||||Balani e ai|||||Balance ai|
|||||/|Rpm/202/|/ncame|Expent/t(tire|Trarsiers|in)tiai|3/ tfarcn 2022|
||||||||||6|E|
||National<br>Hcritadc||Fund|(Tradin" Stations)|||(9,232/|||568|
||Sylvia Adams|(Healthy||Baby Stay &Play)|/4, 500||||(w.sno/||
||Platt Hall Project||||(i,863/|36,437|(30, / /9/|||9,49/|
||Fashion Gallery||||l!n,nno|sn,nno|((6,735/|||/93,265|
||Other iinmaterial||restricted project funds||2i,50/|39,/45|(l(i, 785/||i!,onoi|49,86/|
||||||639,966|3.59.677|(/86, l65/||i302,267/|5//, 2//|
||Total offunds||||/, 050,8/3|(,394,993|(958,/47/|||/,487.659|





## 



## 

## 

||||||Unrestricted|||Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|Restricted|funds|funds|
||||||21123||2023|2023|
|Tangible|fixed|assets|||87,677|||87,677|
|Current|assets||||1,561,714|388,707||1,950,421|
|Creditors|duc|within|onc|year|(557,755)|||(557,755)|
|Total|||||1,091,636|388.707||1,480343|



||||||||Ioio(|
|---|---|---|---|---|---|---|---|
||||||Unrec iric/ed (nnc(c|Resinried fimds|/Iini/s|
||||||2022|2022|202|
|Tangible|fixed|assets|||/22, 233||/22, 233|
|Current|assets||||/,264,647|5I/, 2//|I,7/5.858|
|Creditors|duc|within|onc|year|(4/0, 432/||(4(0,432/|
|Total|||||976,448|5II,/I I|/,487,659|





## 

## 

||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||8|f|
||||||||(7116|436,846|
||~et income expend&ture||for the year (as per Statement ofFmanc&al Acuvities)||||)||
||Adjustments<br>for:||||||||
||Deprec&ation<br>charges||||||38,607|38.53/|
||Divtdcnds,<br>tntcrcsts|and|tents t)am tnvcstmcnts||||(28,245)|(/ 76/|
||Loss on the sale ofttxed||as~ate||||13328||
||Dccrcas<br>(incrcasc)|in stocks|||||(6,926)||
||Decrease/(mcrease)|m debtors|||||86,101|(77.289/|
||Increase in creditors||||||186,933|245,/93|
||I%et cash provided<br>by operating||||actlvttles||282,482|64.3,/05|
|22.|Analysis ofcash and cash|||equivalents|||||
||||||||Group|Group|
||||||||2023|2022|
||||||||f|f|
||Cash m hand||||||1,8117,038|/,593.675|
||()vetdratt<br>facdtty repayable|||on demand|||(16)||
||Total cash and cash equivalents||||||1,887,022|/..593,671|
|23.|Analysit<br>ofchaages|in net||debt|||||
|||||||At I April 2022|Cmh flovrs|At 31 March 2023|
||Cash at bank and in|hand||||1,593,675|293363|1,887,038|
||Bank overdrafts<br>repayable|||on demand|||(16)|(16)|
|||||||1,593,675|293347|1,887,022|





## 

||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|6|
|Not|later|than|1|veer||525|



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