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2022-10-31-accounts

MANCHESTER HISTORIC BUILDINGS TRUST

(A company limited by guarantee)

ANNUAL REPORT

AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

Company number: 3578992 Charity number: 1080606

MANCHESTER HISTORIC BUILDINGS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

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 – 23

MANCHESTER HISTORIC BUILDINGS TRUST ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED OCTOBER 31 2022

PRESIDENT J R Allan
DIRECTORS AND TRUSTEES
F Galvin (Resigned 8/9/22)
A Walker (Chair from 8/9/22)
F Drainey (Resigned 8/9/22)
R Harvey (Treasurer from 8/9/22)
A Higgins (Secretary)
L Collins (Vice Chair)
J Baxter
N Eyre
D Jarvis
A Mapplebeck
A O’Brien
V Watson
D Duffy
L Burns
A O’Brien
V Watson Resigned 8/9/22
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 Birkbeck Wedding & Conference Coordinator
Yasmin Choudhry Finance Assistant
Simon Parker Cleaner
REGISTERED OFFICE &
PRINCIPAL PLACE OF BUSINESS 84 Plymouth Grove
Manchester M13 9LW
INDEPENDENT EXAMINER Stacy Mason FCCA
& ACCOUNTANTS HGA Accountants & Financial Consultants Ltd
t/a Chittenden Horley - Chartered Accountants
Hyde Park House
Cartwright Street
Hyde SK14 4EH
BANKERS HSBC
CAF Bank
Co – Operative 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 2022

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 2022 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 Articles, 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

Charitable objects

The objects of the Charity are:

To preserve for the benefit of the people 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 . (Adopted September 2020)

Activities

The Charity fulfils its objectives through the restoration of Elizabeth 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 other museums and cultural attractions the last few years have been very difficult as we focussed on recovery after the Covid pandemic lockdowns of 2020 and 2021. All museums found visitor figures were slow to rebuild to pre-pandemic levels but as confidence in returning to public spaces increased we have been gratified to see our visitor figures continue to recover although they have not reached pre-pandemic levels. Our other core activities including private tours, events, monthly second-hand book sales and weddings have been re-established.

The core activities of the charity are:

2

MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2022

The on-line programme developed during the pandemic has been maintained and talks attract participants from all over the UK and from other countries. We have had participants from a number of European countries, from the USA, Canada and Australia. The team was also successful in applying to several grants programmes that have allowed us to build on our activities and to expand our offer for visitors in the future.

Average spend in the tea room has remained consistent at £6.28 and additional retail lines have been added. A volunteer-led Tea Room development group continues to explore ways to increase spending whilst maintaining high standards of hygiene and food safety.

With grant funding support a new family garden trail was devised and launched in the summer 2022 which has enhanced the visitor experience and given greater connection between the House and garden. Associated with this we were also able to get some funding to offset the costs of repairing the pergola, although long-term this is likely to require funding to be replaced completed.

Funding was also sought to professionally conserve eight books from the collection which has led to an annual book sponsorship programme being developed that will see between 9-10 books being repaired every year with support from Friends and Donors.

Over the next year we will be working towards Accredited Museum status, which will open up opportunities for grant applications and as the industry standard will provide a respected quality mark. We hope, subject to Planning and Listed Building Consent, to expand the House by constructing a conservatory to a design based on the original and providing more space for our visitors to enjoy.

We are also looking forward to celebrating the 10th anniversary of the House opening in October 2024. We will keep our supporters updated as we progress with these projects.

Public benefit

The Trustees take into consideration 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 were updated in a business plan in 2021. The main thrust of the updated business plan is directed towards broadening the audience base and generating additional income which will contribute to long term sustainability. A sustainable operation will ensure that the public benefits which the project has generated 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 40 volunteers who give up their time to be room guides, staff the tea room and book sales, do research and conservation activities at the House. They also facilitate group visits and events and educational activities. We have a number of working groups of volunteers and trustees who work on housekeeping, tea room, documentation, research, fundraising, learning programme and exhibitions. Our team of volunteer gardeners have made the grounds of the House an additional attraction especially in spring and summer.

Volunteers are central to our work and draw on the local community and more widely, 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. We are proud to say that many ex-volunteers 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 on-line tour training. We have an under 25s volunteer group who have produced a garden trail for families.

We carry out an annual Volunteer Survey. The most recent highlighted the positive benefits of their participation. 32 volunteers responded to the most recent and 97% reported being extremely or very proud of volunteering and 94% felt extremely or very appreciated. Similarly high percentages were very satisfied with their induction and training and the communications they received. 75% of our volunteers are over 60 and 19% are 16-29. Benefits reported include social connections with the team and visitors, satisfaction of sharing their knowledge and the opportunity to acquire new skills. Volunteers receive regular newsletters and training including on-line sessions which are recorded and can be accessed on-line by those unable to attend. Our Volunteer Coordinator was shortlisted for the Heritage Volunteering Group’s annual award in 2022.

3

MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2022

FINANCIAL REVIEW

Overview

The group had a deficit on unrestricted general funds, before transfers, for the year of £14,346,

The subsidiary has continued to operate Gaskell House and has borne an appropriate share of the costs.

Risk management

As part of the 2021 Business Planning process the Risk Register was revised. Seven major risks were identified which included financial risks, risks to the building and collection and capacity issues. Mitigations were put in place to reduce the risks.

Reserves

The charity is required to hold financial reserves for the following reasons:

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 and the conservatory of £40,000.

The Trustees formally designated £60,000 of reserves for a Buildings Maintenance Fund, especially important now that it is eight years since the House opened to the public and some repairs are necessary.

We anticipate drawing on reserves in the next financial year for replacement of hot water geyser, new computer equipment and software, and upgrading fire alarm system. We will aim to rebuild our reserves as soon as possible.

At October 31 2022 free reserves are £118,323,

Going concern

The Trust was financially viable before the Covid 19 pandemic as evidenced by our financial performance. There have been subsequent uncertainties as rebuilding confidence among visitors has taken time and most museums continue to report visitor figures lower than in 2019. In addition, the cost of living crisis with its negative impact on cost of supplies and services, and as visitors have less disposable income, is having a detrimental effect as evidenced by the Association of Leading Visitor Attractions (ALVA) which reported that all attractions are feeling the effects of the cost of living crisis.

In 2022 we received grants totaling £79,179 for projects to enhance the visitor offer. These included –

We also received donations from the public totalling, with Gift Aid where applicable, £1,429 and £2,370 from the Friends membership fees.

FUTURE PLANS

Covid recovery grants are no longer available, but we make applications to suitable sources of funding for projects and activities that enhance the core offer of the House. An application of £5,000 to the Recovery and Reset grant programme provided Museum Development North West is pending for the exhibition A Tale of Manchester Life: Elizabeth Gaskell’s Manchester to open in spring 2023.

4

MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2022

We are seeking funding to develop a new project, Elizabeth Gaskell’s House 10 Year Anniversary Friends Development Project, which will involve rebranding and repurposing the Friends Scheme to a more philanthropic giving membership dedicated to preserving part of Manchester’s literary heritage and broadening access to the House and its activities. The project will include appointing a temporary staff member who will review, plan and implement a new infrastructure to improve the financial, digital and communication processes for the EGH Friends’ Scheme as well as the development of a five-year fundraising strategy and a 10 year anniversary exhibition to celebrate the achievements of the Friends. Group.

We will review our staffing structure to ensure we have capacity to deliver our services within the constraints of our resources.

We reported last year that we anticipated the possible surrender of a lease by a tenant for one large room and one small room which brings in an income of £12,000 pa. The tenant had not been able to make use of the space because of the pandemic. The tenant has given notice of vacating the space from June 2023. The liberated space will be used to provide improved staff accommodation, bringing the whole team together for better co-working. A temporary p/t staff member is to be employed on a pilot basis to test the potential of building our room hire business. They will also support weddings.

Our wedding bookings have fully recovered following the Covid crisis and we remain a popular choice for small weddings with overwhelmingly positive reviews. However there is no potential for further growth because of the impact on the fabric of the House and its public spaces. We have increased our weddings charges by 10% and changed to packaging from 2 hour to 3 hour minimum hire.

Admission prices on open days were increased by 50p and the decision made to remove the over 65 discounted rate. Neither has had any negative effect on numbers or income levels. Price increases of £1 were also made to private tours and school groups to reflect increased overhead costs. Charges for on-line events were increased from £4 to £5 from Nov 2022 and there is an option on all on-line booking to include a donation. All prices are reviewed annually.

We are embarking on a project to create a new Conservatory based on one that was in place when the Gaskells lived at the House. Planning and Listed Building Consent will be applied for in autumn 2023 and a fundraising campaign established.

The House will apply for Museum Accreditation in 2023. If successful it will provide greater funding and training opportunities for volunteers and staff and give the House more scope for loans of artefacts, and for national recognition.

We will continue to develop our on-line events programme.

In October 2024 it will be 10 years since the opening of the House to the public. We shall be planning how we will mark this anniversary.

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 Articles 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.

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. A succession planning group has been created to recruit board members with appropriate skills and knowledge.

Trustees are made aware of the resources available on the Charity Commission website.

Organisation

The Governing Body, which must 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 Director.

5

MANCHESTER HISTORIC BUILDINGS TRUST TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31 2022

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:

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:

Alexandra Walker - Chair Date:

6

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF MANCHESTER HISTORIC BUILDINGS TRUST FOR THE YEAR ENDED OCTOBER 31 2022

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 2022 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.

For and on behalf of: Stacy Mason FCCA HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants

Hyde Park House Cartwright Street Hyde SK14 4EH Date:

7

MANCHESTER HISTORIC BUILDINGS TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED OCTOBER 31 2022

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
£
£
10,274
-
32,694
-
66,823
-
422
-
110,213
-
42,537
-
82,022
-
124,559
-
(14,346)
-
(667)
-
(15,013)
-
151,444
100,000
136,431
100,000		 Unrestricted funds
General
Designated
£
£
10,274
-
32,694
-
66,823
-
422
-
110,213
-
42,537
-
82,022
-
124,559
-
(14,346)
-
(667)
-
(15,013)
-
151,444
100,000
136,431
100,000		 Restricted
Funds
£
79,128
-
-
-		 Total
2022
£
89,402
32,694
66,823
422		 Total
2021
£
180,043
18,008
40,898
266
110,213 79,128 189,341 239,215
42,537
82,022		 -
63,854		 42,537
145,876		 16,580
173,417
124,559 - 63,854 188,413 189,997
(14,346)
(667)		 -
-		 15,274
667
 928
-		 49,218
-
(15,013)
151,444		 -
100,000		 15,941
2,595,454		 928
2,846,898		 49,218
2,796,118
136,431 100,000 2,611,395 2,847,826 2,845,336

The notes on pages 13 to 23 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 2022

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
£
£
10,274
-
-
28,781
422
-
39,477
-
5,195
-
48,628
-
53,823
-
(14,346)
-
(667)
-
(15,013)
-
151,444
60,000
136,431
60,000		 Unrestricted funds
General
Designated
£
£
10,274
-
-
28,781
422
-
39,477
-
5,195
-
48,628
-
53,823
-
(14,346)
-
(667)
-
(15,013)
-
151,444
60,000
136,431
60,000		 Restricted
Funds
£
79,128
-
-
-		 Total
2022
£
89,402
-
28,781
422		 Total
2021
£
180,043
-
26,839
266
39,477 79,128 118,605 207,148
5,195
48,628		 -
63,854		 5,195
112,482		 5,314
152,616
53,823 - 63,854 117,677 157,930
(14,346)
(667)		 -
-		 15,274
667
 928
-		 49,218
-
(15,013)
151,444		 -
60,000		 15,941
2,595,454		 928
2,806,898		 49,218
2,796,118
136,431 60,000 2,611,395 2,807,826 2,845,336

The notes on pages 13 to 23 form part of these financial statements.

9

MANCHESTER HISTORIC BUILDINGS TRUST GROUP BALANCE SHEET AS AT OCTOBER 31 2022

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		 2022
£
9,851
21,975
223,542		 2022
£
107,626
2,516,654		 2021
£
7,958
21,635
244,461
274,054
33,991		 2021
£
90,181
2,516,654
2,624,280
223,546		 2,606,835
240,063
255,368
31,823
2,847,826 2,846,898
236,431
2,611,395		 251,444
2,595,454
2,847,826 2,846,898

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 2022, 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 23 form part of these financial statements.

Approved by the Board and authorised for issue on:

And signed on their behalf by:

Alexandra Walker - Director

Company registration number 3578992

10

MANCHESTER HISTORIC BUILDINGS TRUST CHARITY BALANCE SHEET AS AT OCTOBER 31 2022

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		 2022
£
88,793
155,522		 2022
£
107,626
2,516,654
10		 2021
£
103,302
163,895
267,197
27,144		 2021
£
90,181
2,516,654
10
2,624,290
223,536		 2,606,845
240,053
244,315
20,780
2,847,826 2,846,898
236,431
2,611,395		 251,444
2,595,454
2,847,826 2,846,898

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 2022, 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 23 form part of these financial statements.

Approved by the Board and authorised for issue on:

And signed on their behalf by:

Alexandra Walker - Director

Company registration number 3578992

11

MANCHESTER HISTORIC BUILDINGS TRUST GROUP AND CHARITY STATEMENTS OF CASH FLOWS AS AT OCTOBER 31 20212

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
Proceeds from new borrowings
Repayment of borrowing
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
2022
£
9,409
422
(30,749)
(30,327)
-
-		 Group
2021
£
64,843		 Charity
Charity
2022
2021
£
£
21,955
26,505
422
266
(30,749)
(6,900)
(30,327)
(6,634)
-
-
-

-
-

-
(8,373)
19,871
163,895
144,024
155,522
163,895
155,522
163,895
155,522
163,895
266
(6,900)
(6,634)
-
-
- -
(20,919)
244,461		 58,209
186,252
223,542 244,461
223,542 244,461
223,542 244,461

The notes on pages 13 to 23 form part of these financial statements.

12

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

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:

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 2022

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 2022

2 DONATIONS
HLF - CRF1
HLF - CRF2
Biffa
Other
The 29th May 1961 Charitable Trust
The University of Manchester
MCC Business support/COVID
Membership
Donations - individuals
Donations - bedroom
Sustainable Improvement Fund
Donations - garden
Group income
Gaskell's House Trading Ltd
Charity income		 2022 Unrestricted 2021
Restricted
Total
Unrestricted Restricted Total
£
-
-
-
-
-
-
4,000
2,370
3,904
-
-		 £
-
33,500
39,184
1,194
-
-
-
-
-
-
5,250
-		 £
-
33,500
39,184
1,194
-
-
4,000
2,370
3,904
-
5,250
-		 £
-
-
-
-
58,289
2,137
28,844
-
-		 £
£
46,477
46,477
33,100
33,100
5,000
5,000
1,380
1,380
-
58,289
-
2,137
-
28,844
4,789
4,789
27
27
90,773
180,043
-
-
90,773
180,043
10,274
-		 79,128
-		 89,402
-		 89,270
-
10,274 79,128 89,402 89,270
3 INCOME FROM CHARITABLE ACTIVITIES
Charity income
-
Earned income
Subsidiary income
Admissions
26,174
Guide books
-
Events
6,520
32,694
Group income
32,694
4 OTHER TRADING INCOME
Events, raffles and other
8,281
Rent and room hire
20,500
Charity income
28,781
Subsidiary income
Tea rooms
8,303
Books and gifts
13,613
Room hire
34,407
56,323
less eliminated on consolidation:
Rent & management charges to GHT
(18,281)
Group income
66,823		 3 INCOME FROM CHARITABLE ACTIVITIES
Charity income
-
Earned income
Subsidiary income
Admissions
26,174
Guide books
-
Events
6,520
32,694
Group income
32,694
4 OTHER TRADING INCOME
Events, raffles and other
8,281
Rent and room hire
20,500
Charity income
28,781
Subsidiary income
Tea rooms
8,303
Books and gifts
13,613
Room hire
34,407
56,323
less eliminated on consolidation:
Rent & management charges to GHT
(18,281)
Group income
66,823		 -
-
-
9,205
-
540
-
8,263
-
18,008
-
18,008
-
6,339
-
20,500
-
26,839
-
4,691
-
8,780
-
16,927
-
30,398
(16,339)
-
40,898
- - - -
26,174
-
6,520		 -
-
-		 26,174
-
6,520		 9,205
540
8,263
32,694 - 32,694 18,008
32,694 - 32,694 18,008
8,281
20,500		 -
-		 8,281
20,500		 6,339
20,500
28,781 - 28,781 26,839
8,303
13,613
34,407		 -
-
-		 8,303
13,613
34,407		 4,691
8,780
16,927
56,323 - 56,323 30,398
- (18,281) (16,339)
66,823 - 66,823 40,898

15

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

5 TRADING SUBSIDIARY - The Gaskells' House Trading Ltd

Turnover
Cost of sales
Gross profit
Administration costs
Donation to Manchester Historic Buildings Trust
Other income (grant from MHBT, eliminated on consolidation)
Interest receivable
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		 2022
2021
£
£
89,017
48,406
(14,318)
(8,970)
74,699
39,436
(74,699)
(39,436)
-
-
-
-
-
-
-
-
-
-
-
-
85,646
93,109
(85,636)
(93,099)
10
10
14,318
8,970
74,699
39,436
(18,281)
(16,339)
70,736
32,067

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
£
-
-
-
26,174
-
6,520		 Fundraising
£
8,303
13,613
34,407
-
-
-		 2022
Total
£
8,303
13,613
34,407
26,174
-
6,520		 Charitable
activities
£
-
-
-
9,205
540
8,263		 2021
Fundraising
Total
£
£
4,691
4,691
8,780
8,780
16,927
16,927
-
9,205
-
540
-
8,263
30,398
48,406
2,036
13,575
3,185
3,185
4,617
4,617
-
1,168
210
1,400
706
4,705
513
3,417
11,266
32,067
32,694 56,323 89,017 18,008
18,299
-
-
3,203
3,837
5,053
3,002		 18,299
6,886
4,229
-
2,558
3,369
2,001		 36,598
6,886
4,229
3,203
6,395
8,422
5,003		 11,539
-
-
1,168
1,190
3,999
2,904
33,394 37,342 70,736 20,801

Rent charged by the charity of £10,000 (2021 - £10,000) is eliminated on consolidation, 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 2022

6 COSTS OF RAISING FUNDS
Staff costs
Direct costs
Support costs
Charity costs
Subsidiary costs
Staff costs
Direct costs tea room
Goods for resale
Advertising & marketing
Premises, insurance & overheads
Group costs		 2022 Unrestricted 2021
Restricted
Total
Unrestricted Restricted Total
£
-
-
5,195		 £
-
-
-		 £
-
-
5,195		 £
-
-
5,314		 £
£
-
-
-
-
-
5,314
-
5,314
-
2,036
-
3,185
-
4,617
-
210
-
1,218
-
11,266
-
16,580
5,195 - 5,195 5,314
18,299
6,886
4,229
2,558
5,370		 -
-
-
-
-		 18,299
6,886
4,229
2,558
5,370		 2,036
3,185
4,617
210
1,218
37,342 - 37,342 11,266
42,537 - 42,537 16,580

7 EXPENDITURE ON CHARITABLE ACTIVITIES

Charity

Grant paid to subsidiary
Staff costs
Activity costs
Other direct costs
Depreciation
Support costs
Charged to restricted funds
Total for charity company
Subsidiary
Direct costs
Staff costs
Ticketing, event and other costs
Premises & insurance costs
Support costs with subsidiary:
Advertising & marketing
Overheads
Grant eliminated on consolidation
Total for group		 -
49,401
-
6,540
13,304
43,238
(63,855)		 -
-
-
-
-
-
63,855		 -
49,401
-
6,540
13,304
43,238
-		 -
64,204
1,553
24,859
11,494
50,506
(128,618)		 -
-
-
64,204
-
1,553
-
24,859
-
11,494
-
50,506
128,618
-
128,618
152,616
-
11,539
-
1,168
-
3,999
-
1,190
-
2,904
-
20,801
-
-
128,618
173,417
48,627 63,855 112,482 23,998
18,299
3,203
5,053
3,837
3,002		 -
-
-
-
-		 18,299
3,203
5,053
3,837
3,002		 11,539
1,168
3,999
1,190
2,904
33,394 - 33,394 20,801
-
82,021		 -
63,855		 -
145,876		 -
44,799

17

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

BER 31 2022 BER 31 2022
8 SUPPORT & GOVERNANCE COSTS
Fundraising
Charitable
Total
Support costs
£
£
£
Premises & insurance
2,034
18,306
20,340
Office costs & other costs
489
4,398
4,887
Circularisation
-
2,783
2,783
Advertising & promotion
-
8,582
8,582
Security & maintenance
622
5,594
6,216
Management accounts
2,050
-
2,050
Bank charges
-
1,437
1,437
5,195
41,101
46,296
Governance costs
Legal, professional & accountancy
-
2,137
2,137
-
2,137
2,137
Total support costs
5,195
43,238
48,433
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)
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 o
any remuneration for their services.
Employment benefits principle staff
c Average number of employees
The average number of employees was as follows:-
Costs that can be wholly attributed to either support or governance are alloca
costs are allocated either on the basis of the estimation of time spent (staff c
costs).
2022
Fundraising Charitable
2022		 Total Fundraising Charitable
Total
2021
£
2,034
489
-
-
622
2,050
-		 £
18,306
4,398
2,783
8,582
5,594
-
1,437		 £
20,340
4,887
2,783
8,582
6,216
2,050
1,437		 £
2,816
850
-
-
185
1,463
-
5,195 41,101 46,296 5,314
- 2,137 2,137 -
- 2,137 2,137 -
5,195 43,238 48,433 5,314

18

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022 MANCHESTER HISTORIC BUILDINGS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED OCTOBER 31 2022

**11 ** TANGIBLE FIXED ASSETS - FUNCTIONAL Fixtures
Group and charity Display & fittings &
**Interpretation ** equipment Total
Cost £ £ £
As at November 1 2021 161,061 21,446 182,507
Additions 30,749 - 30,749
Disposals - - -
As at October 31 2022 191,810 21,446 213,256
Depreciation
As at November 1 2021 71,508 20,818 92,326
Provided 12,676 628 13,304
Disposals - -
As at October 31 2022 84,184 21,446 105,630
Net Book Value
As at October 31 2022 107,626 - 107,626
As at October 31 2021 89,553 628 90,181
12 TANGIBLE FIXED ASSETS - HERITAGE ASSETS
Group and charity
Cost
As at November 1 2021
Additions
Disposals
As at October 31 2022
Depreciation
As at November 1 2021
As at October 31 2022
Net Book Value
As at October 31 2022
As at October 31 2021		 Freehold
property
2,458,596
-		 Exhibits
Total
£
£
58,058
2,516,654
-
-
-
58,058
2,516,654
-
-
-
-
58,058
2,516,654
58,058
2,516,654
2,458,596
-
-
2,458,596
2,458,596

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)		 2017/18
£
3,812
-		 2018/19
£
-
1,000		 2019/20
£
-
-		 2021/21
2021/22
£
£
-
-
6,900
-

19

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.

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

13 FIXED ASSETS INVESTMENTS

The charity has owns 100% of the issued share capital of the following company

Name
Activity
The Gaskells' House Trading Ltd
running Gaskell House as a
visitor attraction and café
14 DEBTORS
Income receivable
Amount due from group company
VAT reclaimable
Prepayments & other debtors
15 CREDITORS falling due within one year
Trade creditors
Accruals & deferred income
Other taxation and social security
Pension contributions
Funds in trust		 Investment
Company no.
2022
2021
£
£

10
10
7364259
Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
6,504
9,521
2,400
4,936
(0)
-
74,593
86,252
-
-
-
-
15,471
12,114
11,800
12,114
21,975
21,635
88,793
103,302
3,439
1,944
2,197
1,624
25,677
28,587
16,417
22,545
2,000
1,726
1,459
1,241
307
234
307
234
400
1,500
400
1,500
31,823
33,991
20,780
27,144		 Investment
Company no.
2022
2021
£
£

10
10
7364259
Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
6,504
9,521
2,400
4,936
(0)
-
74,593
86,252
-
-
-
-
15,471
12,114
11,800
12,114
21,975
21,635
88,793
103,302
3,439
1,944
2,197
1,624
25,677
28,587
16,417
22,545
2,000
1,726
1,459
1,241
307
234
307
234
400
1,500
400
1,500
31,823
33,991
20,780
27,144
Group
2022
£
6,504
(0)
-
15,471
21,975
3,439
25,677
2,000
307
400
31,823 33,991

20

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022 16 STATEMENT OF FUNDS

Group
01/11/2019
£
Unrestricted Funds:
General fund
71,860
Designated funds
60,950
132,810
Restricted Funds:
As below
2,663,308
2,663,308
Total funds
2,796,118
Unrestricted fund totals are analysed as follows:
Charitable funds
132,810
Non charitable trading funds
-
132,810
Charity
01/11/2020
£
Unrestricted Funds:
General fund
71,860
Designated funds:
Building maintenance
60,000
Conservatory
-
Phase 2 completion
950
132,810
Restricted Funds:
HLF Resilience funding
22,973
HLF Covid Emergency funding
11,899
HLF - CRF1
-
HLF - CRF2
-
Biffa
the upper floor
-
The Hibbert Trust
3,149
Uof M - activities
-
Donations - William's study
2,393
Donations - Bedroom
26,466
Donations - volunteer coordinator
-
Donations/grant - garden
20
Other Phase 2
2,800
Sustainable Improvement Fund
-
Capital grants expended
Grants expended and asset capitalised
2,593,608
2,663,308
Total funds
2,796,118		 01/11/2019
£
71,860
60,950		 201
Income
£
148,442
-		 9/20
Expenditure
£
(58,867)
(950)		 Transfers
£
(9,991)
40,000		 b/f and c/f
31/10/2020
01/11/2020
£
151,444
100,000		 Income
£
110,213
-		 202
Expenditure
£
(124,559)
-		 0/21
Transfers
31/10/2021
£
£
(667)
136,431
-
100,000
132,810 148,442 (59,817) 30,009 251,444 110,213 (124,559) (667)
236,431
2,663,308 90,773 (128,618) (30,009) 2,595,454 79,128 (63,854) 667
2,611,395
2,663,308 90,773 (128,618) (30,009) 2,595,454 79,128 (63,854) 667
2,611,395
2,796,118 239,215 (188,435) - 2,846,898 189,341 (188,413) -
2,847,826
251,444
-		 236,431
-
236,431
132,810 251,444
01/11/2020
£
71,860
60,000
-
950		 202
Income
£
116,375
-
-
-		 0/21
Expenditure
£
(26,800)
-
-
(950)		 Transfers
£
(9,991)
40,000		 b/f and c/f
31/10/2021
01/11/2021
£
151,444
60,000
40,000
-		 Income
£
39,477
-
-
-		 202
Expenditure
£
(53,823)
-
-
-		 1/22
Transfers
31/10/2022
£
£
(667)
136,431
-
60,000
40,000
-
-
132,810 116,375 (27,750) 30,009 251,444 39,477 (53,823) (667)
236,431
22,973
11,899
-
-
-
3,149
-
2,393
26,466
-
20
2,800
-
2,593,608		 -
-
46,477
33,100
5,000
-
1,380
-
4,789
-
27
-
-
-		 (17,890)
(11,899)
(46,477)
(33,100)
(4,378)
(40)
(1,380)
(2,225)
(4,355)
(44)
-
(6,830)		 -
-
-
-
-
(3,109)
-
-
(26,900)
-
-
-
-
-		 5,083
-
-
-
-
622
-
-
168
-
-
3
2,800
-
2,586,778		 -
-
-
33,500
39,184
-
-
-
-
-
-
-
1,194
5,250
-		 (5,083)
-
-
(33,500)
(6,190)
(622)
-
-
-
-
-
(670)
(1,194)
(5,250)
(11,345)		 -
-
-
-
-
-
-
-
(30,749)
2,245
-
-
-
-
-
-
168
-
-
-
667
-
2,800
-
30,749
2,606,182
2,663,308 90,773 (128,618) (30,009) 2,595,454 79,128 (63,854) 667
2,611,395
2,796,118 207,148 (156,368) - 2,846,898 118,605 (117,677) -
2,847,826

21

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

16 STATEMENT OF FUNDS (continued)

Transfers

Bedroom

Reclassified as unrestricted with donor's agreement, and designated by trustees for re-instatement 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 capitalise

17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at October 31 2022 are represented by:-
Tangible fixed assets
Investments
Net current assets
Fund balances at October 31 2021 are represented by:-
Tangible fixed assets
Investments
Net current assets		 Unrestricted funds
General
Designated
£
£
18,098
-
10
-
118,323
100,000
136,431
100,000
20,057
-
10
-
177,082
60,000
197,149
60,000		 Unrestricted funds
General
Designated
£
£
18,098
-
10
-
118,323
100,000
136,431
100,000
20,057
-
10
-
177,082
60,000
197,149
60,000		 Restricted
Funds
Total
£
£
2,606,182
2,624,280
-
10
5,213
223,536
2,611,395
2,847,826
2,586,778
2,606,835
-
10
2,971
240,053
2,589,749
2,846,898
136,431 100,000
20,057
10
177,082		 -
-
60,000
197,149 60,000

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 (2021 £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
2022
£
928
13,304
-
(422)
-
(1,893)
(340)
(2,168)		 Group
2021
£
49,218
11,494
-
(266)
-
1,359
(1,695)
4,733		 Charity
Charity
2022
2021
£
£
928
49,218
13,304
11,494
-
-
(422)
(266)
-
-
-
-
14,509
(36,158)
(6,364)
2,217
21,955
26,505
9,409 64,843

22

MANCHESTER HISTORIC BUILDINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 31 2022

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 £330 (2021 – £400) and there was a balance of £1,630 outstanding at 31/10/22 (2021 – £1,300). 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.

23