# **MANCHESTER HISTORIC BUILDINGS TRUST**
# **(A company limited by guarantee)**
## **ANNUAL REPORT**
# **AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED OCTOBER 31 2021**
**Company number:** 3578992 **Charity number:** 1080606
## **MANCHESTER HISTORIC BUILDINGS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **I NDEX**
|Administrative information|1|
|---|---|
|Trustees’ and Directors’ annual report|2 – 6|
|Independent examiners’ report|7|
|Group statement of financial activities|8|
|Charity statement of financial activities|9|
|Group balance sheet|10|
|Charity balance sheet|11|
|Group and Charity statements of cash flows|12|
|Notes to the financial statements|13 – 24|
**MANCHESTER HISTORIC BUILDINGS TRUST ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED OCTOBER 31 2021**
|**PRESIDENT**|J R Allan|||
|---|---|---|---|
|**DIRECTORS AND TRUSTEES**|F P Galvin|(Chair)||
||F Drainey|(Treasurer)||
||A Higgins|(Secretary)||
||L Collins|(Vice Chair)||
||J Baxter|||
||L Burn||(appointed 21/09/21)|
||D Duffy||(appointed 21/09/21)|
||N Eyre|||
||D Jarvis||(appointed 19/06/21)|
||A Mapplebeck|||
||A O’Brien|||
||V Watson|||
||E Williams||(resigned 19/06/21)|
|**COMPANY SECRETARY**|A Higgins|||
|**PRINCIPAL STAFF**||||
|**Part of key management:**|Sally Jastrzebski-Lloyd||House Manager|
|**Other members of staff:**||||
||Lynda Jackson||Events Coordinator|
||Katy Ellis||House Assistant|
||Katie Birbeck||Wedding & Conference Coordinator|
|**REGISTERED OFFICE**|20 Market Street|||
||Altrincham|||
||Cheshire|||
||WA14 1PF|||
|**PRINCIPAL PLACE OF BUSINESS**|84 Plymouth Grove|||
||Manchester M13 9LW|||
|**INDEPENDENT EXAMINER**|Peter Smith BA FCA DChA|||
|**& ACCOUNTANTS**|HGA Accountants & Financial Consultants Ltd|||
||t/a Chittenden Horley - Chartered Accountants|||
||The Wesley Centre|||
||Royce Road, Hulme|||
||Manchester M15 5BP|||
|**BANKERS**|Royal Bank of Scotland|||
||CAF Bank|||
|**SOLICITORS**|DTM Legal LLP|||
||The Plaza|||
||100 Old Hall Street|||
||Liverpool L3 9QJ|||
**1**
**MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2021**
The trustees present their annual report together with the consolidated financial statements of the charity and its subsidiary company for the year ended October 31 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies act purposes.
## **REPORTING FRAMEWORK**
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).
## **OBJECTIVES**
## **Chartable objects**
The objectives of the Charity, for the majority of the year were:
“to preserve for the benefit of the townspeople of the ten districts which form the County of Greater Manchester, and of the nation at large, whatever of historical, architectural and constructional heritage may exist in and around the ten Districts of Greater Manchester aforesaid in the form of buildings of beauty or historical, architectural or constructional interest and to advance the education of the public in the said heritage and to undertake such other charitable activities as may benefit the people of or visitors to the said county of Greater Manchester.”
However, these were amended by special resolution dated September 19 2020, to read as follows:
## “The objects of the Charity are:
To preserve for the benefit of the people of the townspeople of the ten districts which form the County of Greater Manchester and of the Nation, the historical, architectural and constructional heritage associated with 84 Plymouth Grove, Manchester (‘The House’) the former home of William and Elizabeth Gaskell (including any structure or erection, and any part of the building as so defined) and to advance the education of the public in the said heritage and to undertake such other charitable activities as may benefit the people of or visitors to the said County of Greater Manchester.
To acquire, preserve, document, interpret and make accessible exhibits, objects and collections relating to the literary, social and historical impact and influence of Elizabeth Gaskell and her family and to the history of the House through provision of a museum service for the purpose of educating and informing the public _.”_
## **Activities**
The Charity fulfils its objectives through the restoration of Gaskell House and its operation as a museum and visitor attraction. Elizabeth Gaskell’s House is a restored Grade II* regency style historic House in Manchester, home to the Victorian author Elizabeth Gaskell and her family. This house is important because of its association with the writer who lived here from 1850-65, and members of her family who continued to occupy it until 1913. Elizabeth Gaskell was one of the foremost nineteenth century writers whose work has a continuing appeal and is regularly performed on stage, screen and radio and published worldwide in numerous translations. Her husband William, Minister at Manchester’s Unitarian Cross Street Chapel, and their daughters were deeply involved in the cultural and educational life of the city, so the individual contributions which they each made are all reflected in the way the house is interpreted.
## **ACTIVITIES AND ACHIEVEMENTS**
In common with most Heritage Attractions in the UK (and businesses in general) 2021 has been another very difficult year as a result of the restrictions arising from the Covid 19 pandemic. In normal times the house is open three days a week to the public and for private tours, room hires, events and weddings on other days. Some of these core activities have once again been severely impacted by the pandemic in the year ending October 2021. The house was closed from Nov 20 until 19 May 2021 but from there on has remained open. In summary, and in normal times, the core activities are:
- Protecting and promoting the unique literary and cultural heritage of the House and its visitors
- Playing a key role, as the only Literary House, within Manchester’s UNESCO City of Literature partnership
- Being a unique example of a Victorian middle-class House in Manchester
- Celebrating the life and literature of Elizabeth Gaskell and her relevance today
- Valuing and promoting the Gaskell family’s role in the history of Manchester and Ardwick
- Being an educational and intellectual Hub, a place of learning and discovery
- Supporting local groups, residents and schools to use and value the House and its heritage
**2**
## **MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2021**
Now in its seventh year of operation the staff, Trustees and volunteers have once again worked energetically through the second year of the pandemic to maintain momentum through a lively programme of on-line talks, which continue to be very popular and which have resulted in increased levels of participation. A wider range of people are now able to enjoy these talks than would previously have been the case. The House continues to operate with comprehensive safety measures in place and with timed prebooked tours providing reassurance to visitors. In the current year 20 weddings were hosted in the house which were facilitated by staff and volunteers. Monthly second-hand book sales also continue to be popular. Post-pandemic it is planned to continue the programme of on-line talks, to develop further the number of weddings which are hosted and to promote and expand the book sales.
Average spend in the Tea Room has increased from £5.92 to £6.53. The increased spend has been developed through improving the retail offer included better labelling of prices, new stock items and growth of the second-hand book sales. Volunteer customer service and tour guiding training has also helped as they now encourage visitors to buy specific books or items. We have also noticed that the timed tours policy and one-way route through the House has increased ‘dwell-time’ and increased the time spent in the tea-room and shop.
The volunteer-led Tea Room development group are exploring ways to increase spending whilst maintaining high standards of hygiene and food safety. Level 2 Food Hygiene training has been completed by nearly 40 volunteers. During 2020/21 2049 visitors were welcomed to the House and over 2000 people joined online talks in 2020/21.
## **Summary of this year’s achievements...in spite of Covid 19 (June 2020 – June 2021)**
- **2049 visitors (individuals, families and 5 groups)**
- **24 online events including talks, book clubs and reading courses with over 2000 Attendees**
- **20 weddings**
- **1 new exhibition created by volunteers -** _**A Love Affair with Cranford**_
- **1 new Period Room (The Bedroom) researched and delivered by volunteers**
- **A new online shop launched in November 2020**
## **Public benefit**
The Trustees have considered the Charity Commission guidance on public benefit, especially in relation to setting entrance fees and making the services that we offer more accessible. In addition, the Trustees are committed to delivering a comprehensive range of education and outreach activities which were included in the original business plan and are included in the updated Five Year Business Plan completed November 2021. The completion of this plan is one of the key outputs of the NLHF funded Resilient Heritage Project which ended in November 2021 and which also included a comprehensive Governance Review as well as enhanced funding for staffing.
The overarching purpose of the updated business plan is to broaden the audience base and generate additional income which will contribute to long term sustainability. A sustainable operation will ensure that the public benefits will continue in future years. Especially important in the post-covid period will be the programme of paid-for on-line talks and smaller weddings which are expected to remain popular.
## **Contribution of volunteers**
The house continues to depend upon its loyal team of approximately 60 volunteers for its operation who give their services totally free of charge to enable the house to be opened on public open days when they serve as room guides and staff in the tea-room. They also facilitate tour group visits and events and educational activity and have adapted these activities to be delivered on-line. Established groups include a Housekeeping team, Documentation Group, Research Group, Fundraising Group, Learning Programme, Exhibition Project Team and Garden Group.
Volunteers are central to our work and draw on the local community and more widely, from ages between 16 and 93, offering opportunities for people of all ages to develop new skills and friendships. Elizabeth Gaskell’s House’s location means it attracts students from all over the world looking for experience of working in a heritage venue. The House is proud to say that many exvolunteers go on to get paid jobs at other cultural venues thanks to volunteering at EGH. Staff and Volunteers are offered a range of opportunities from conservation cleaning to marketing and online tour training. As a result of resilience project there is now an active under 25s volunteer group who are looking at developing initiatives targeting younger audiences.
Annual volunteer surveys report a number of positive outcomes which have resulted from their participation in volunteering, including development of skills and knowledge, development of social support networks, positive feelings associated with their work being appreciated and valued, and practical outcomes including access to training and support into employment. During the Covid 19 pandemic support networks for volunteers have included regular newsletters, online training and tours, WhatsApp groups, Zoom hosted meetings, quizzes and ‘catch-up’ social events. For Trustees Board Meetings have also been moved successfully on-line and are hosted on Zoom.
**3**
**MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2021**
## **FINANCIAL REVIEW**
## **Overview**
The group had a surplus on unrestricted general funds, before transfers, for the year of £89,575, after benefitting from the resilience funding from HLF, Cultural Recovery Fund support and local restrictions support grants. The surplus will help the group continue to work towards a sustainable operating model.
The subsidiary has continued to operate Gaskell House and has borne an appropriate share of the costs, which were not otherwise funded. This year it has broken even without grant support from the Trust (to support the charitable work it undertakes on behalf of its parent charity). It is intended to make surpluses in future which will be gift aided to the charity.
## **Risk management**
A Risk Register is now in place and reviewed periodically by the Board
## **Reserves**
The charity is required to hold financial reserves for the following reasons:
- a) To buffer any short-term volatility in income or expenditure or in working capital requirements;
- b) To provide security to paid staff that the charity will be able to meet all its financial obligations linked to employment (regardless of whether these are provided for in the accounts);
- c) To provide the charity with some means to act strategically, and to prioritise longer-term goals rather than operate entirely on a hand to mouth basis.
- d) To attend to building maintenance issues in a timely manner.
Considering the scale of the charity’s operation the Trustees consider that the required level of free reserves (unrestricted funds not invested in fixed assets or otherwise designated), to address a) to c) should be in the region of £60,000 - £80,000, and that a designated fund is required for the building maintenance of £60,000. At October 31 2021 free reserves are £131,376, circa £51k above the upper limit of the target range. However, the charity expects that it will need to call on the reserves to ensure an effective transition to a viable operating model.
The Trustees have formally designated £60,000 of reserves for a Buildings Maintenance Fund, especially important now that it is six years since the House opened to the public and seven years since the exterior of the house was painted. Exterior painting was undertaken during the summer of 2021 to maintain a smart appearance and to help preserve the building fabric including doors, window frames and guttering. Further Building Maintenance work will be undertaken in the Autumn of 2021 and will include the painting of areas in the basement and the refitting of the stair carpet to extend its life.
In addition, the Trustees have designated £40,000 towards the costs of the potential re-instatement of the conservatory, as part of the charity’s continued commitment to ensuring an authentic visitor experience.
## **Going concern**
The Trust was financially viable before the Covid 19 pandemic as evidenced by our end of year financial performance. The Trustees are aware that the current health and business uncertainties caused by the Covid 19 pandemic continue to be a major concern and continues to have a severe negative impact on the global and UK economy. However, by the Autumn of 2021 there are encouraging signs that business confidence is returning and the 5 year Business Plan predicts that by Year 5 a surplus will once more be generated. Reserves will help to sustain the operation in the intervening years.
## **Grants Summary for 2020/21**
Throughout the two years of the Pandemic, Central Government support has been crucial in preparing the House for a period of Post-Pandemic recovery. An over-view of support received in the financial year 2019/20 and the current year 2020/21 support received includes:-
Culture Recovery Fund Round 1 £46,477 Culture Recovery Fund Round 2 £33,100 MCC Grants as follows: Local Restrictions Support Grant £21,172 Restart Grant £12,000 Expanded Additional Restrictions Grant £25,117
## **Total - £137,866**
Resilient Heritage Fund £75,567 – (Agreed Pre Covid – in 2019), but balance of spend deferred until July – November 2021 – c £22,000
**4**
**MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2021**
## **FUTURE PLANS**
We will redouble our efforts to use our resources (financial and HR) wisely to enhance the existing offer and to generate new activity. We are keen to diversify income streams and extend our reach into more commercial areas. The main potential for this increased activity is in the areas of weddings where we have already established ourselves as a venue specialising in smaller weddings. This appeals to a wide diversity of customers including multi-faith, and same sex couples who comment that the staff and volunteers are very welcoming and help to create a relaxed, informal and non-intimidating atmosphere.
We also pride ourselves on being an affordable option. We feel that we can encourage further development of this side of the business through attendance at wedding fairs, new marketing activity through inclusion in press and wedding sector publications and through wider marketing of what the house has to offer as a unique venue. We are already experiencing an upturn in enquiries and new bookings for the next year as wedding couples resume their plans.
During the pandemic we have also increased the frequency and variety of our on-line activities, especially the talks programme which routinely now generate approximately £300 per talk with an expected income from virtual on-line tours of £200 per tour. Partnership online events with Bronte Parsonage were successfully trialled in 21/22, reaching new and bigger audiences. Other partnership opportunities will continue to be sought and developed in the next few years as this has been identified as an area for growth.
We anticipate that it will take quite some time for in-person numbers to return to pre-pandemic levels and are realistic in our expectations and projections.
During the year, including periods when the House was closed to the public, Elizabeth’s bedroom was researched, restored, furnished and interpreted as a new attraction for the House, and a new temporary exhibition on the novel ‘Cranford’ was researched, presented and opened to the public. These new attractions were planned to increase repeat visits to the House as well as enhancing the offer for new visitors.
In the coming year we will also concentrate our fundraising, planning and delivery efforts to achieve a number of other capital projects which include; the Amazons of Ardwick AIM/BIFFA Project; the progression of our ambition to become an Arts Council Accredited Museum; and the reorganisation of our collection store.
Risks associated with our current plans include the possible surrender of a lease by a Tenant for one large room and one small room which has previously brought in an income of £12,000 pa. The Tenant has not been able to make use of the space because of the pandemic. We hope that the Tenant will not give up the lease but if they do, we intend to use the liberated space constructively to provide new attractions for visitors (enhanced exhibition and interpretation space).
Funding applications and general fundraising will take place over the next two years to help fund the reconstruction of the conservatory.
In the coming 12 months we will also be focusing our efforts on developing and promoting our schools offer to local primary schools (within walking distance) and other schools nationally. This will be linked to a UoM student placement and work by the House Manager. At present the schools programme is prepared and delivered by volunteers.
Future income and fundraising plans will contribute to our sustained recovery and longer-term sustainability by contributing directly to our Revenue budget and through Capital projects that will encourage more visitors (and repeat visitors) by providing an enhanced visitor offer.
The House has been awarded the status of ‘Working Towards’ Museum Accreditation in 2021 which is already providing greater funding and training opportunities for volunteers and staff, and with the award of ‘Accredited Museum’ status will give the House more scope for loans of artefacts, and for national recognition.
New loan items in 21/22 include the Nasmyth painting originally owned by the Gaskell family (on loan from Manchester Art Gallery) and original items of family clothing from the Gaskell family collection. New humidity and temperature data collectors have also been installed to assist with conservation.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated June 10 1998, as amended by special resolution dated September 19 2020. It is registered as a charity with the Charity Commission.
## **Members of the company**
Those eligible for membership of the company are the original subscribers to the Memorandum and Articles of Association and “such other persons or corporations as may desire to be admitted to membership and who are elected by the Governing Body”. There are currently 170 members of the company, none of which are corporations, each of whom agrees to contribute a sum not exceeding £1 in the event of the charity being wound up.
**5**
**MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2021**
## **Appointment of Directors and Trustees – The Governing Body**
The Directors, who are the Trustees, are collectively known as the Governing Body. They are appointed either by the Governing Body or by the members in general meeting.
One third of the Trustees retire by rotation each year, being the longest in office and are eligible for re-election. Only those retiring by rotation or those nominated by the Governing Body are eligible for election, unless a member gives not less than fourteen and not more than sixty days written notice (delivered to the Company’s registered office) of their intention to stand or propose someone else for election (who has also confirmed in writing their willingness to be elected).
## **Trustee recruitment, induction and training**
Trustees are recruited for their individual skills, experience and expertise and usually have an interest in the Gaskells, either through Elizabeth’s writings or William’s religious and social work (in which he was supported by the rest of the family) and/or an interest in promoting the house as a community, arts and cultural venue. The recent Governance review also included a skills audit of the board and the decision has been made to recruit for two new posts with specific skills in 2021.
Trustees are made aware of the resources available on the Charity Commission website.
## **Organisation**
The Governing Body, which must be not be less than five members or more than fifteen, administers the Charity and meets as necessary, now bi-monthly. Responsibility for day to day management is delegated to the House Manager.
## **Related parties**
Details of related party transactions are given in the notes to the financial statements.
## **Co-operation with other organisations/charities**
Elizabeth Gaskell’s House is part of an effective network of small heritage attractions across Manchester. The ‘Hidden 8’ work together to market their venues and cross-promote events and group tours.
Elizabeth Gaskell’s House has also hosted events as part of Manchester Literature Festival and is a part of the consortium of organisations developing Manchester’s UNESCO City of Literature activities.
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The trustees (who are also directors of the company for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102) (second edition – October 2019);
- make judgements and estimates that are reasonable and prudent; state whether applicable UK 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 presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **SMALL COMPANY PROVISIONS AND APPROVAL**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Approved by the Board of Trustees and signed on its behalf by:
## Frank Galvin
Frank Galvin - Chair
Date: March 24 2022
**6**
## **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF MANCHESTER HISTORIC BUILDINGS TRUST FOR THE YEAR ENDED OCTOBER 31 2021**
I report to the charity trustees on my examination of the consolidated accounts of the Group comprising Manchester Historic Buildings Trust (the company/charity) and its subsidiary for the year ended October 31 2021 which are set out on pages 8 to 24.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Charity and the Group are not required by charity law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your consolidated accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## _Chittenden Horley_
## **Peter Smith BA FCA DChA**
For and on behalf of: HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants
The Wesley Centre Royce Road, Hulme Manchester M15 5BP Date: 28/03/22
**7**
## **MANCHESTER HISTORIC BUILDINGS TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED OCTOBER 31 2021**
|**Notes**
**Incoming resources from generated funds:**
Donations
2
Charitable activities
3
Other trading activities
4
Investment income - bank interest
**TOTAL INCOME**
**EXPENDITURE**
Raising funds
6
Charitable activities
7
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
9
Transfers between funds
16
**NET MOVEMENT IN FUNDS**
16
**FUNDS BROUGHT FORWARD**
16
**FUNDS CARRIED FORWARD**
16|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
89,270
-
18,008
-
40,898
-
266
-
148,442
-
16,580
-
42,287
950
58,867
950
89,575
(950)
(9,991)
40,000
79,584
39,050
71,860
60,950
151,444
100,000|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
89,270
-
18,008
-
40,898
-
266
-
148,442
-
16,580
-
42,287
950
58,867
950
89,575
(950)
(9,991)
40,000
79,584
39,050
71,860
60,950
151,444
100,000|**Restricted**
**Funds**
**£**
90,773
-
-
-|**Total**
**Total**
**2021**
**2020**
**£**
**£**
**180,043**
_151,788_
**18,008**
_14,504_
**40,898**
_24,829_
**266**
_464_
**239,215**
_191,585_
**16,580**
_18,054_
**171,855**
_143,795_
**188,435**
_161,849_
**50,780**
_29,736_
**-**
_-_
**50,780**
_29,736_
**2,796,118**
_2,766,382_
**2,846,898**
_2,796,118_|
|---|---|---|---|---|
||148,442|-|90,773||
||16,580
42,287|-
950|-
128,618||
||58,867|950|128,618||
||89,575
(9,991)|(950)
40,000|(37,845)
(30,009)||
||79,584
71,860|39,050
60,950|(67,854)
2,663,308||
||151,444|100,000|2,595,454||
The notes on pages 13 to 24 form part of these financial statements.
**8**
## **MANCHESTER HISTORIC BUILDINGS TRUST CHARITY STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED OCTOBER 31 2021**
|**Notes**
**Incoming resources from generated funds:**
Donations
2
Other trading activities
4
Investment income - bank interest
**TOTAL INCOME**
**EXPENDITURE**
Raising funds
6
Charitable activities
7
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
9
Transfers between funds
16
**NET MOVEMENT IN FUNDS**
16
**FUNDS BROUGHT FORWARD**
16
**FUNDS CARRIED FORWARD**
16|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
89,270
-
26,839
-
266
-
116,375
-
5,314
-
21,486
950
26,800
950
89,575
(950)
(9,991)
40,000
79,584
39,050
71,860
60,950
151,444
100,000|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
89,270
-
26,839
-
266
-
116,375
-
5,314
-
21,486
950
26,800
950
89,575
(950)
(9,991)
40,000
79,584
39,050
71,860
60,950
151,444
100,000|**Restricted**
**Funds**
**£**
90,773
-
-|**Total**
**Total**
**2021**
**2020**
**£**
**£**
**180,043**
_151,788_
**26,839**
_9,590_
**266**
_464_
**207,148**
_161,842_
**5,314**
_2,467_
**151,054**
_129,639_
**156,368**
_132,106_
**50,780**
_29,736_
**-**
_-_
**50,780**
_29,736_
**2,796,118**
_2,766,382_
**2,846,898**
_2,796,118_|
|---|---|---|---|---|
||116,375|-|90,773||
||5,314
21,486|-
950|-
128,618||
||26,800|950|128,618||
||89,575
(9,991)|(950)
40,000|(37,845)
(30,009)||
||79,584
71,860|39,050
60,950|(67,854)
2,663,308||
||151,444|100,000|2,595,454||
The notes on pages 13 to 24 form part of these financial statements.
**9**
## **MANCHESTER HISTORIC BUILDINGS TRUST GROUP BALANCE SHEET AS AT OCTOBER 31 2021**
|**Notes**
**FIXED ASSETS**
Tangible Assets - functional
11
Tangible Assets - heritage
12
**CURRENT ASSETS**
Stock
Debtors
14
Cash at Bank and in Hand
**CREDITORS**
Amounts falling due in one year
15
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted
16
Restricted
16
**TOTAL FUNDS**|**2021**
**£**
**7,958**
**21,635**
**244,460**|**2021**
**2020**
**2020**
**£**
**£**
**£**
**90,181**
_100,113_
**2,516,655**
_2,509,755_
**2,606,836**
_2,609,868_
_9,317_
_19,940_
_186,251_
_215,508_
_29,258_
**240,062**
_186,250_
**2,846,898**
_2,796,118_
**251,444**
_132,810_
**2,595,454**
_2,663,308_
**2,846,898**
_2,796,118_|
|---|---|---|
||**274,053**
**33,991**||
||||
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
For the year ending October 31 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.
## **Directors’ responsibilities**
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 13 to 24 form part of these financial statements.
## **Approved by the Board and authorised for issue on:** March 24 2022
## **And signed on their behalf by:**
## Frank Galvin
## **Frank Galvin - Director**
Company registration number 3578992
**10**
## **MANCHESTER HISTORIC BUILDINGS TRUST CHARITY BALANCE SHEET AS AT OCTOBER 31 2021**
|**Notes**
**FIXED ASSETS**
Tangible Assets - functional
11
Tangible Assets - heritage
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at Bank and in Hand
**CREDITORS**
Amounts falling due in one year
15
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted
16
Restricted
16
**TOTAL FUNDS**|**2021**
**£**
**103,302**
**163,894**|**2021**
**2020**
**2020**
**£**
**£**
**£**
**90,181**
_100,113_
**2,516,655**
_2,509,755_
**10**
_10_
**2,606,846**
_2,609,878_
_67,144_
_144,023_
_211,167_
_24,927_
**240,052**
_186,240_
**2,846,898**
_2,796,118_
**251,444**
_132,810_
**2,595,454**
_2,663,308_
**2,846,898**
_2,796,118_|
|---|---|---|
||**267,196**
**27,144**||
||||
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
For the year ending October 31 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.
## **Directors’ responsibilities**
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 13 to 24 form part of these financial statements.
## **Approved by the Board and authorised for issue on:** March 24 2022
## **And signed on their behalf by:**
## Frank Galvin
## **Frank Galvin - Director**
Company registration number 3578992
**11**
## **MANCHESTER HISTORIC BUILDINGS TRUST GROUP AND CHARITY STATEMENTS OF CASH FLOWS AS AT OCTOBER 31 2021**
|**notes**
**Cash used in operating activities**
21
**Cashflows from investing activities**
Interest and dividends
Purchase of tangible fixed assets
**Cash provided by/(used in) investing activities**
**Cashflows from financing activities**
**Cash used in financing activities**
**Increase/(decrease) in cash & cash equivalents in the year**
**Cash and cash equivalents brought forward**
**Cash and cash equivalents carried forward**
**Cash and cash equivalents consist of:**
Cash at bank and in hand|**Group**
**2021**
**£**
**66,517**|**Group**
**2020**
**£**
_34,915_|**Charity**
**Charity**
**2021**
**2020**
**£**
**£**
**28,179**
_(3,081)_
**266**
_464_
**(8,574)**
_-_
**(8,308)**
_464_
**-**
_-_
**19,871**
_(2,617)_
**144,023**
_146,640_
**163,894**
_144,023_
**163,894**
_144,023_
**163,894**
_144,023_|
|---|---|---|---|
||**266**
**(8,574)**|_464_
_-_||
||**(8,308)**|_464_||
|||||
||**-**|_-_||
||**58,209**
**186,251**|_35,379_
_150,872_||
||**244,460**|_186,251_||
||**244,460**|_186,251_||
||**244,460**|_186,251_||
The notes on pages 13 to 24 form part of these financial statements.
**12**
## **MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **1 ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared: under the historic cost convention; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); FRS102; and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS102.
The accounts are prepared in £ sterling, which is the functional currency of the Group.
The accounts have been prepared on the going concern basis, and the trustees believe that this remains appropriate.
## **Income recognition**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:
**Grants** , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.
**Donations** from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.
**Earned income** is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts and VAT.
## **Deferred income**
Income is only deferred and included in creditors when:
- The income relates to a future accounting period
- A sales invoice has been raised ahead of the work being carried out and there is no contractual entitlement to the income until the work has been done
- Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded
## **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 the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds
including those associated with fundraising activities, managing investments and commercial trading by the subsidiary company.
Charitable activities costs of undertaking the work of the charity.
The Group is registered for VAT and has elected to tax on its property Gaskell House. It is able to recover some of the input tax charged as it relates to VATable supplies. Costs are stated net of VAT where charged and irrecoverable VAT is included as a separate charge either within direct costs or support costs as appropriate.
## **Allocation of support costs**
Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include property costs, back office functions, circularisation costs, security and maintenance costs and professional fees. The basis of allocations is set out in note 8.
**13**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **1 ACCOUNTING POLICIES (continued)**
## **Functional tangible fixed assets and depreciation**
Individual functional fixed assets costing more than £1,000 are capitalised at cost and are depreciated, after taking account of residual values, over their estimated useful lives on a straight line basis as set out below.
Depreciation rates are as follows:
Fixtures and fittings 25% Display and interpretation over 15 years
## **Heritage Assets**
Assets held for their historical or artistic importance to advance preservation, conservation and public access to the nation’s culture and education are classified as heritage assets in the accounts. The Trust capitalises heritage properties at their purchase price plus any restoration costs to restore them to their former condition and bring them back into use. Any further preservation costs are charged to the statement of financial activities when carried out. The Trust owns the freehold property Gaskell House the former home of the Elizabeth and William Gaskell and their daughters and during the year commenced the final stage of the restoration through work on the Coach House.
Items acquired for exhibition are included at their purchase price or if donated at their estimated value on acquisition.
No depreciation is charged on heritage assets as the trustees believe that they have an indefinite life. The trustees consider annually whether any heritage assets have been impaired and adjust the carrying value accordingly. There have been no impairments to the assets.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and 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.
## **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.
## **Financial instruments**
The charity has only basic financial instruments which are initially recorded at cost, and subsequently measured at their settlement value.
## **Group financial statements**
The financial statements consolidate the results of the charity and its wholly owned subsidiary, The Gaskell’s House Trading Ltd on a line by line basis.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
**14**
## **MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
|**Unrestricted**
**£**
**2 DONATIONS**
HLF resilience funding
-
HLF Covid Emergency funding
-
HLF - CRF1
-
HLF - CRF2
-
The 29th May 1961 Charitable Trust
-
The Hibbert Trust
-
The University of Manchester
-
MCC Business support/COVID
58,289
HMRC CJRS grant
-
Membership
2,137
Donations - individuals
28,844
Donations - bedroom
-
Donations - garden
-
**_Group income_**
89,270
Gaskell's House Trading Ltd
-
**_Charity income_**
89,270
**3 INCOME FROM CHARITABLE ACTIVITIES**
**_Charity income_**
-
**_Earned income_**
**Subsidiary income**
Admissions
9,205
Guide books
540
Events
8,263
18,008
**_Group income_**
18,008
**4 OTHER TRADING INCOME**
Events, raffles and other
6,339
Rent and room hire
20,500
**_Charity income_**
26,839
**Subsidiary income**
Tea rooms
4,691
Books and gifts
8,780
Room hire
16,927
30,398
**less eliminated on consolidation:**
Rent & management charges to GHT
(16,339)
**_Group income_**
40,898|**Unrestricted**|**2021**
**Restricted**|**Total**|**Unrestricted**|**2020**
**Restricted**
**Total**|
|---|---|---|---|---|---|
||**£**
-
-
-
-
-
-
-
58,289
-
2,137
28,844
-
-|**£**
-
-
46,477
33,100
5,000
1,380
-
-
-
-
4,789
27|**£**
**-**
**-**
**46,477**
**33,100**
**5,000**
**-**
**1,380**
**58,289**
**-**
**2,137**
**28,844**
**4,789**
**27**|**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_25,000_
_19,876_
_2,412_
_1,568_
_-_
_-_|**£**
**£**
_31,560_
**_31,560_**
_50,000_
**_50,000_**
_-_
**_-_**
_-_
**_-_**
_-_
**_-_**
_6,000_
**_6,000_**
_-_
**_-_**
_-_
**_25,000_**
_-_
**_19,876_**
_-_
**_2,412_**
_-_
**_1,568_**
_15,372_
**_15,372_**
_-_
**_-_**
_102,932_
**_151,788_**
-
**_-_**
_102,932_
**_151,788_**
_-_
**_-_**
_-_
**_8,937_**
_-_
**_492_**
_-_
**_5,075_**
_-_
**_14,504_**
_-_
**_14,504_**
_-_
**_90_**
_-_
**_9,500_**
_-_
**_9,590_**
_-_
**_5,053_**
_-_
**_6,558_**
_-_
**_9,878_**
_-_
**_21,489_**
**_(6,250)_**
_-_
**_24,829_**|
||89,270
-|90,773
-|**180,043**
**-**|_48,856_
_-_||
||89,270|90,773|**180,043**|_48,856_||
|||||||
||-|-|**-**|**_-_**||
||9,205
540
8,263|-
-
-|**9,205**
**540**
**8,263**|_8,937_
_492_
_5,075_||
||18,008|-|**18,008**|_14,504_||
||18,008|-|**18,008**|_14,504_||
||6,339
20,500|_-_
_-_|**6,339**
**20,500**|_90_
_9,500_||
||26,839|-|**26,839**|_9,590_||
||4,691
8,780
16,927|-
-
-|**4,691**
**8,780**
**16,927**|_5,053_
_6,558_
_9,878_||
||30,398|-|**30,398**|_21,489_||
||(16,339)|-|**(16,339)**|_(6,250)_||
||40,898|-|**40,898**|_24,829_||
**15**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **5 TRADING SUBSIDIARY - The Gaskells' House Trading Ltd**
|Turnover
Cost of sales
**Gross profit**
Administration costs
Other income (grant from MHBT, eliminated on consolidation)
**Net profit before taxation**
Taxation
**Net profit after taxation**
Total assets
Total liabilities
Net funds
**Subsidiary costs included in Group accounts**
Cost of sales
Administration costs
Less eliminated on consolidation - rent and management charge|**2021**
**2020**
**£**
**£**
**48,406**
_35,993_
**(8,970)**
_(8,955)_
**39,436**
_27,038_
**(39,436)**
_(61,929)_
**-**
_34,891_
**-**
_-_
**-**
_-_
**-**
_-_
**93,109**
_54,075_
**(93,099)**
_(54,065)_
**10**
_10_
**8,970**
_8,955_
**39,436**
_61,929_
**(16,339)**
_(6,250)_
**32,067**
_64,634_|
|---|---|
**Subsidiary income and costs included on consolidation are analysed as follows:**
|**INCOME**
Tea rooms
Books and gifts
Room hire
Admissions
Guide books
Events
**EXPENDITURE**
Staff costs
Direct costs tea rooms
Goods for resale
Ticketing, event and other costs
Advertising and publicity
Premises & insurance costs
Overheads|**Charitable**
**activities**
**£**
-
-
-
9,205
540
8,263|**Fundraising**
**£**
4,691
8,780
16,927
-
-
-|**2021**
**Total**
**£**
**4,691**
**8,780**
**16,927**
**9,205**
**540**
**8,263**|**Charitable**
**activities**
**£**
_-_
_-_
_-_
_8,937_
_492_
_5,075_|**2020**
**Fundraising**
**Total**
**£**
**£**
_5,053_
**_5,053_**
_6,558_
**_6,558_**
_9,878_
**_9,878_**
_-_
**_8,937_**
_-_
**_492_**
_-_
**_5,075_**
_21,489_
**_35,993_**
_5,145_
**_34,300_**
_5,458_
**_5,458_**
_1,777_
**_1,777_**
_-_
**_1,720_**
_563_
**_3,750_**
_1,860_
**_12,400_**
_784_
**_5,229_**
15,587
**_64,634_**|
|---|---|---|---|---|---|
||18,008|30,398|**48,406**|_14,504_||
||11,539
-
-
1,168
1,190
3,999
2,905|2,036
3,185
4,617
-
210
706
512|**13,575**
**3,185**
**4,617**
**1,168**
**1,400**
**4,705**
**3,417**|_29,155_
_-_
_-_
_1,720_
_3,187_
_10,540_
_4,445_||
||20,801|11,266|**32,067**|49,047||
Rent and management charges charged by the charity of £16,339 (2020 - £6,250) are eliminated on consolidation, as was the grant to the subsidiary from the charity of £34,891 in 2020 (2021 - nil).
Premises, insurance and overheads are allocated on an estimate of resources used.
**16**
## **MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
|**6 COSTS OF RAISING FUNDS**
Support costs
**_Charity costs_**
**Subsidiary costs**
Staff costs
Direct costs tea room
Goods for resale
Advertising & marketing
Premises, insurance & overheads
**_Group costs_**|**Unrestricted**|**2021**
**Restricted**|**Total**|**Unrestricted**|**2020**
**Restricted**
**Total**|
|---|---|---|---|---|---|
||**£**
5,314|**£**
-|**£**
**5,314**|**£**
_2,467_|**£**
**£**
_-_
**_2,467_**
_-_
**_2,467_**
_-_
**_5,145_**
_-_
**_5,458_**
_-_
**_1,777_**
_-_
**_563_**
_-_
**_2,644_**
_-_
**_15,587_**
_-_
**_18,054_**|
||5,314|-|**5,314**|_2,467_||
||2,036
3,185
4,617
210
1,218|-
-
-
-
-|**2,036**
**3,185**
**4,617**
**210**
**1,218**|_5,145_
_5,458_
_1,777_
_563_
_2,644_||
||11,266|-|**11,266**|_15,587_||
||16,580|-|**16,580**|_18,054_||
|**7 EXPENDITURE ON CHARITABLE ACTIVITIES**
**Charity**
Grant paid to subsidiary
-
Staff costs
64,204
Activity costs
1,553
Other direct costs
23,185
Depreciation
11,606
Support costs
50,506
Charged to restricted funds
(128,618)
**Total for charity company**
22,436
**Subsidiary**
**Direct costs**
Staff costs
11,539
Ticketing, event and other costs
1,168
Premises & insurance costs
3,999
**Support costs with subsidiary:**
Advertising & marketing
1,190
Overheads
2,905
20,801
Grant eliminated on consolidation
-
**Total for group**
43,237|**7 EXPENDITURE ON CHARITABLE ACTIVITIES**
**Charity**
Grant paid to subsidiary
-
Staff costs
64,204
Activity costs
1,553
Other direct costs
23,185
Depreciation
11,606
Support costs
50,506
Charged to restricted funds
(128,618)
**Total for charity company**
22,436
**Subsidiary**
**Direct costs**
Staff costs
11,539
Ticketing, event and other costs
1,168
Premises & insurance costs
3,999
**Support costs with subsidiary:**
Advertising & marketing
1,190
Overheads
2,905
20,801
Grant eliminated on consolidation
-
**Total for group**
43,237|-
-
-
-
-
-
128,618|**-**
**64,204**
**1,553**
**23,185**
**11,606**
**50,506**
**-**|_34,891_
_39,874_
_-_
_20,113_
_11,433_
_23,328_
_(82,438)_|_-_
**_34,891_**
_-_
**_39,874_**
_-_
**_-_**
_-_
**_20,113_**
_-_
**_11,433_**
_-_
**_23,328_**
_82,438_
**_-_**
_82,438_
**_129,639_**
_-_
**_29,155_**
_-_
**_1,720_**
_-_
**_10,540_**
_-_
**_3,187_**
_-_
**_4,445_**
_-_
**_49,047_**
_-_
_(34,891)_
_82,438_
**_143,795_**|
|---|---|---|---|---|---|
||22,436|128,618|**151,054**|_47,201_||
||11,539
1,168
3,999
1,190
2,905|-
-
-
-
-|**11,539**
**1,168**
**3,999**
**1,190**
**2,905**|_29,155_
_1,720_
_10,540_
_3,187_
_4,445_||
||20,801|-|**20,801**|_49,047_||
||-
43,237|-
128,618|**-**
**171,855**|(34,891)
_61,357_||
Total costs of £950 (charitable) have been charged to designated funds (2020 - £1,163).
**17**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **8 SUPPORT & GOVERNANCE COSTS**
|**SUPPORT & GOVERNANCE COSTS**||||||
|---|---|---|---|---|---|
|**_Support costs_**
Premises & insurance
Office costs & other costs
Circularisation
Advertising & promotion
Security & maintenance
Management accounts
Bank charges
**_Governance costs_**
Legal, professional & accountancy
**_Total support costs_**|**Fundraising**|**Charitable**
**2021**|**Total**|**Fundraising**|**Charitable**
**Total**
**2020**|
||**£**
2,816
850
-
-
185
1,463
-|**£**
25,342
7,654
2,861
9,012
1,660
-
1,279|**£**
**28,158**
**8,504**
**2,861**
**9,012**
**1,845**
**1,463**
**1,279**|**£**
_718_
_590_
_-_
_-_
_100_
_1,059_
_-_|**£**
**£**
_6,464_
**_7,182_**
_5,305_
**_5,895_**
_2,348_
**_2,348_**
_3,263_
**_3,263_**
_898_
**_998_**
_-_
**_1,059_**
_1,150_
**_1,150_**
_19,428_
**_21,895_**
_3,900_
**_3,900_**
_3,900_
**_3,900_**
_23,328_
**_25,795_**|
||5,314|47,808|**53,122**|_2,467_||
||-|2,698|**2,698**|_-_||
||-|2,698|**2,698**|_-_||
||5,314|50,506|**55,820**|_2,467_||
Costs that can be wholly attributed to either support or governance are allocated directly to those functions, and other costs are allocated either on the basis of the estimation of time spent (staff costs) or consumption of resources (office costs).
|**9 GROUP NET INCOMING RESOURCES AFTER TRANSFERS**
This is stated after charging/(crediting):
Accountant/Independent examiner's fees
Report
Accountancy and advice
Depreciation charged on fixed assets
Directors' remuneration & trustees' expenses
**10 STAFF INFORMATION**
**a Staff costs**
Salaries and benefits
Employer's pension contributions (defined contribution scheme)
Employer's NI contributions (net of employer's allowance)|**2021**
**2020**
**£**
**£**
**970**
**970**
**2,105**
**1,315**
**11,606**
**11,433**
**-**
**-**
**75,720**
_71,230_
**1,225**
_1,312_
**834**
_1,632_
**77,779**
_74,174_|
|---|---|
No employees earned more than £60,000 pa in either year
## **b Key management personal**
The key management personal comprise the trustees and principle staff as set out on page 1. The trustees do not receive any remuneration for their services.
|Employment benefits principle staff
**c Average number of employees**
The average number of employees was as follows:-|**36,285**
_34,352_
**Average**
**Average**
**number**
**number**
**6**
_5_
**6**
_5_|
|---|---|
**18**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **11 TANGIBLE FIXED ASSETS - FUNCTIONAL**
|**11 TANGIBLE FIXED ASSETS - FUNCTIONAL**
**Group and charity**
**Cost**
As at November 1 2020
Additions
As at October 31 2021
**Depreciation**
As at November 1 2020
Provided
As at October 31 2021
**Net Book Value**
As at October 31 2021
As at October 31 2020
**12 TANGIBLE FIXED ASSETS - HERITAGE ASSETS**
**Group and charity**
**Cost**
As at November 1 2020
Additions
Disposals
As at October 31 2021
**Depreciation**
As at November 1 2020
As at October 31 2021
**Net Book Value**
As at October 31 2021
As at October 31 2020|**Display &**
**Interpretation**
159,387
1,674|**Fixtures**
**fittings &**
**equipment**
**Total**
**£**
**£**
21,446
180,833
-
1,674
21,446
182,507
19,950
80,720
868
11,606
20,818
92,326
**628**
**90,181**
_1,496_
_100,113_
**Exhibits**
**Total**
**£**
**£**
51,158
2,509,755
6,900
6,900
-
58,058
2,516,655
-
-
-
-
**58,058**
**2,516,655**
_51,158_
_2,509,755_|
|---|---|---|
||161,061||
||60,770
10,738||
||71,508||
||**89,553**||
||_98,617_||
||**Freehold**
**property**
2,458,597
-||
||2,458,597||
||-||
||-||
||**2,458,597**||
||_2,458,597_||
The freehold property is subject to a first charge in favour of the Heritage lottery Memorial fund entered into on October 10 2014 as a condition of the award of a grant of c£1.8m towards phase 2 of the restoration.
The above assets are all included at cost.
The five year financial summary of heritage asset transactions is as follows;
|Building acquisition/restoration
Exhibits (furniture, fittings & fixtures)|**2016/17**
**£**
30,784
-|**2017/18**
**£**
3,812
-|**2018/19**
**£**
-
1,000|**2019/20**
**2020/21**
**£**
**£**
-
-
-
6,900|
|---|---|---|---|---|
Exhibits include furniture, fittings and fixtures acquired by the Trust in order to furnish the house in an authentic style consistent with the Gaskell Family's occupation of the property.
**19**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **13 FIXED ASSETS INVESTMENTS**
The charity has owns 100% of the issued share capital of the following company
|**Name**|**Activity**|**Investment**|**Investment**|||**Company no.**|
|---|---|---|---|---|---|---|
|||**2021**|**2020**||||
|||**£**||**£**|||
|The Gaskells' House Trading Ltd|running Gaskell House as a||||||
||visitor attraction and café||10||10|7364259|
|**14 DEBTORS**
Income receivable
Amount due from group company
VAT reclaimable
Prepayments & other debtors|**Group**
**2021**
**£**
**9,521**
**-**
**-**
**12,114**|**Group**
**2020**
**£**
_6,120_
_-_
_2,865_
_10,955_|**Charity**
**Charity**
**2021**
**2020**
**£**
**£**
**4,936**
_3,590_
**86,252**
_49,734_
**-**
_2,865_
**12,114**
_10,955_
**103,302**
_67,144_|
|---|---|---|---|
||**21,635**|_19,940_||
|**15 CREDITORS falling due within one year**
Trade creditors
Accruals & deferred income
Other taxation and social security
Pension contributions
Funds in trust|**1,944**
**28,587**
**1,726**
**234**
**1,500**|_8,858_
_17,595_
_1,132_
_173_
_1,500_|**1,624**
_4,753_
**22,545**
_17,595_
**1,241**
_906_
**234**
_173_
**1,500**
_1,500_
**27,144**
_24,927_|
|---|---|---|---|
||**33,991**|_29,258_||
**20**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **16 STATEMENT OF FUNDS**
|||**31/10/2021**|**£**||**151,444**|**100,000**|**251,444**||**2,595,454**|**2,595,454**|**2,846,898**|||_251,444_|_-_|_251,444_|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**2020/21**||**Expenditure**
**Transfers**|**£**
**£**||(58,867)
(9,991)|(950)
40,000|(59,817)
30,009||(128,618)
(30,009)|(128,618)
(30,009)|(188,435)
-||||||
|||**Income**|**£**||148,442|-|148,442||90,773|90,773|239,215||||||
||||||||||||||||||
|**b/f and c/f**|**31/10/2020**|**01/11/2020**|**£**||_71,860_|_60,950_|_132,810_||_2,663,308_|_2,663,308_|_2,796,118_|||_132,810_|_-_|_132,810_|
||||||||||||||||||
|||**Transfers**|**£**||_(60,000)_|_60,000_|_-_||_-_|_-_|_-_||||||
|**2019/20**||**Income**
**Expenditure**|**£**
**£**||_88,653_
_(78,248)_|_-_
_(1,163)_|_88,653_
_(79,411)_||_102,932_
_(82,438)_|_102,932_
_(82,438)_|_191,585_
_(161,849)_||||||
|**Group**||**01/11/2019**|**£**|**Unrestricted Funds:**|General fund
_121,455_|Designated funds
_2,113_|_123,568_|**Restricted Funds:**|As below
_2,642,814_|_2,642,814_|**Total funds**
_2,766,382_||**Unrestricted fund totals are analysed as follows:**|Charitable funds
_123,568_|Non charitable trading funds
_-_|_123,568_|
**21**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **16 STATEMENT OF FUNDS (continued)**
|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|**2020/21**
**Income**
**Expenditure**
**Transfers**
**31/10/2021**
**£**
**£**
**£**
**£**
116,375
(26,800)
(9,991)
**151,444**
-
-
-
**60,000**
-
-
40,000
**40,000**
-
(950)
-
**-**
116,375
(27,750)
30,009
**251,444**
-
(17,890)
-
**5,083**
-
(11,899)
-
**-**
46,477
(46,477)
-
**-**
33,100
(33,100)
-
**-**
5,000
(4,378)
-
**622**
-
(40)
(3,109)
**-**
1,380
(1,380)
-
**-**
-
(2,225)
-
**168**
4,789
(4,355)
(26,900)
**-**
-
-
**-**
27
(44)
-
**3**
-
-
**2,800**
-
**-**
-
(6,830)
-
**2,586,778**
90,773
(128,618)
(30,009)
**2,595,454**
207,148
(156,368)
-
**2,846,898**|
|---|---|---|---|---|---|
|||||||
|**b/f and c/f**
**31/10/2020**
**01/11/2020**
**£**
_71,860_
_60,000_
_-_
_950_|_132,810_|_22,973_
_11,899_
_-_
_-_
_-_
_3,149_
_-_
_2,393_
_26,466_
_-_
_20_
_2,800_
_-_
_2,593,608_|_2,663,308_|_2,796,118_||
|||||||
|**2019/20**
**01/11/2019**
**Income**
**Expenditure**
**Transfers**
**£**
**£**
**£**
**£**
_121,455_
_58,910_
_(48,505)_
_(60,000)_
_-_
_-_
_-_
_60,000_
_-_
_-_
_-_
_-_
_2,113_
_-_
_(1,163)_
_123,568_
_58,910_
_(49,668)_
_-_
_11,843_
_31,560_
_(20,430)_
_-_
_-_
_50,000_
_(38,101)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_6,000_
_(2,851)_
_-_
_-_
_-_
_-_
_-_
_2,406_
_-_
_(13)_
_-_
_20,000_
_15,372_
_(8,906)_
_-_
_-_
_-_
_-_
_-_
_20_
_-_
_-_
_-_
_2,800_
_-_
_-_
_-_
_704_
_-_
_(704)_
_-_
_2,605,041_
_-_
_(11,433)_
_-_
_2,642,814_
_102,932_
_(82,438)_
_-_
_2,766,382_
_161,842_
_(132,106)_
_-_||||||
|**Charity**
**Unrestricted Funds:**
General fund
**Designated funds:**
Building maintenance
Conservatory
Phase 2 completion
**Restricted Funds:**
HLF Resilience funding
HLF Covid Emergency funding
HLF - CRF1
HLF - CRF2
The 29th May 1961 Charitable Trust for
the upper floor
The Hibbert Trust
Uof M - activities
Donations - William's study
Donations - Bedroom
Donations - volunteer coordinator
Donations/grant - garden
Other Phase 2
Sharing Ruskin legacy
**Capital grants expended**
Grants expended and asset capitalised
**Total funds**||||||
**22**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **16 STATEMENT OF FUNDS (continued)**
## **Transfers**
The Hibbert Trust
Conservatory
Released to unrestricted funds with the grantor's agreement.
Reclassified as unrestricted with donor's agreement, and designated by trustees for reinstatement of conservatory along with donation received in the year.
## **Restricted funds**
HLF resilience & Covid funding To ensure the economic viability of the charity. Upper floor Development and access to upper floor of the house Donations - William's study For the restoration and furnishing of William Gaskell's study Donations/grant - garden For the upkeep of the garden
Amounts invested in fixed assets where there are continuing restrictions over their use. Deprecation is charged to this fund.
Grants expended and asset capitalised
|**17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS**
**_Fund balances at October 31 2021 are represented by:-_**
Tangible fixed assets
Investments
Net current assets
**_Fund balances at October 31 2020 are represented by:-_**
Tangible fixed assets
Investments
Net current assets|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
20,058
-
10
-
131,376
100,000
151,444
100,000
_16,260_
_-_
_10_
_-_
_93,611_
_60,950_
_109,881_
_60,950_|**Unrestricted funds**
**General**
**Designated**
**£**
**£**
20,058
-
10
-
131,376
100,000
151,444
100,000
_16,260_
_-_
_10_
_-_
_93,611_
_60,950_
_109,881_
_60,950_|**Restricted**
**Funds**
**Total**
**£**
**£**
2,586,778
**2,606,836**
-
**10**
8,676
**240,052**
2,595,454
**2,846,898**
_2,593,608_
_2,609,868_
_-_
_10_
_31,679_
_186,240_
_2,625,287_
_2,796,118_|
|---|---|---|---|
||151,444|100,000||
||_16,260_
_10_
_93,611_|_-_
_-_
_60,950_||
||_109,881_|_60,950_||
## **18 CONSTITUTION**
The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.
## **19 TAXATION**
The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.
## **20 CAPITAL COMMITMENTS**
There were no capital commitments authorised and contacted for at the end of the year (2020 £Nil).
## **21 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure)
Add back depreciation
Adjustment HLF Phase 2 funding
Deduct interest income shown in investing activities
Deduct profit/add back losses on disposals of FA
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash generated from/(used in) operating activities**|**Group**
**2021**
**£**
**50,780**
**11,606**
**-**
**(266)**
**-**
**1,359**
**(1,695)**
**4,733**|**Group**
**2020**
**£**
_29,736_
_11,433_
_-_
_(464)_
_-_
_(1,012)_
_(6,933)_
_2,155_|**Charity**
**Charity**
**2021**
**2020**
**£**
**£**
**50,780**
_29,736_
**11,606**
_11,433_
**-**
_-_
**(266)**
_(464)_
**_-_**
_-_
**_-_**
_-_
**(36,158)**
_(45,954)_
**2,217**
_2,168_
**28,179**
_(3,081)_|
|---|---|---|---|
||**66,517**|_34,915_||
**23**
**MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2021**
## **22 RELATED PARTY TRANSACTIONS**
Details of the trading between the charity and its subsidiary company are shown in the notes to the financial statements.
In the year the charity contracted with Mrs V Watson, a trustee, to provide book keeping services for which it paid her £400, (2020 – £900) and there was a balance of £1,300 outstanding at 31/10/21(2020 – £2,900). Mrs Watson had played no part in the decision to engage her services.
There were no other related party transactions.
## **23 CONTINGENT LIABILITIES**
The charity has received grant support for the restoration of Gaskell House from a number of different funders, which have continuing restrictions over the disposal of the property.
## **Heritage Lottery Fund (HLF) - £190,935 (phase 1) and £1,430,877 (phase 2 – excluding revenue support)**
The Charity cannot dispose of the property by sale or lease for a period of twenty five years from June 2012 without the written consent of HLF, and if let or sold at a full market rate HLF may require that a proportion of the net proceeds are paid to them in accordance with their standard grant conditions. The charity is also obliged to open the property to the public and to advertise the opening times.
## **English Heritage - £297,911 (Phase 1) and £86,849 (Phase 2)**
The Charity cannot dispose of the property by sale or lease for a period of ten years after the final payment of the grant (effectively from March 2013) without the written consent of English Heritage, which consent will only be given after any grant already paid has been recovered in full. The charity is also obliged to open the property to the public and to advertise the opening times.
## **Biffa - £50,000**
If the charity disposes of the property, RSWT (the grantor) is entitled to some of the proceeds in proportion to their contribution, unless otherwise agreed.
There are no contingent liabilities attaching to the funding from other sources.
None of the above contingent liabilities are expected to crystallise.
## **24 ULTIMATE CONTROL**
The company has been under the collective control of its directors, appointed by the members, throughout this and the preceding year. No director or member (taking account of any associates) has a controlling interest in the company.
**24**