MANCHESTER HISTORIC BUILDINGS TRUST (A company Ilmlted by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED OCTOBER 312023 C•ny nunknr. 3578992 Chwlty number. 1080606 MANCHE8TER HISTORIC BUILDIN08 TRU8T ANNUAL REPORT AND FINANCIAL 8TATEIIEII FOR THEYEAR ENDED OCTOBER 312023 INDEX Athmini8trative ITrformal>on Trustees. and Directors. annual reFXWt Independènt exarniners, report Group st8ttrrT￿nl of financial activities Charity 8talement of financi￿ adivities 10 Group balantg sh'eet Charity bal8nè& she8t 12 Group and Charity statemBnts of cash flows 13 Notes lo the financAal statomgnls 14-26 MANCH&8TER H18TORIC BUILDING8TRusr ADMINISTRATIVE INFORMATION FOR THE YEAR ENOED OCTOBER 312tr23 PRESIDENT J R Allan DIRECTORS AND TRUSTEES A Walker R H8Ney to 241P A HigJins L C(Alins J Baxter N Eyre D J8rvis Mapp18￿ to 2418r23 A 0,8r￿n 10 2418r23 V Watson to 2418123 D Ouffy L Bum$ (Char from 8191221 (Treasurer from 8191221 Isecrètaryl (Vice Chairl LKg1 (Tffjasurer frcrfn 24181231 COMPANY SECRETARY A Higgins PRINCIPAL STAFF P•rt of key manag•ment: Sany Jastrztbsk￿LIOyd Oth•r MOM￿r¥ of staff: Lynda Ja¢k8on Katy Ellis Katie Bithbed¢ Lucy Gr8èn Yasmin ChoLhahry SSmon P8rter Evgnts Manager Volunteer and Co116clions Managgr Wedding & Hires Manager Wedding and HiTes Coordinator Financa Assistant Cle8ner REGISTERED OFFICE & PRINCIPAL PLACE OF BUSINESS 84 Pl￿uth Grove Manchester M13 9LW INDEPENDENT EXAMINER & ACCOUNTANTS Slacy Mason FCCA HGA Accwntants & Fin8ncyal COr￿ttants Ltd Va Chrtlenden Hcw*. Chartered Acfpjjntants Hyde Park House CaTWht Strggt Hyde SK144EH BANKERS HSBC CAF Bank Co- OK￿ratIve Bank SOLICITORS DTM Legal LLP The Plaza 1(K) Old Hall Street LNèrFwI L3 9QJ MANCME8TER HISTORIC 8UILDIN08 TIIU8T TrubTEES' AND DIRECTOR8. ANNLI￿REpoftT - FOR THE YEAR ENDED OCTOBER 312023 The trustèès present Iheif annual repjrt tc*Jether with the rx)rbsolid8ted finan(ial StateTh￿nts of the charity and sts subsidiary company for the year ended OLtobèr 31 2023 which are also prepared to meel the wuirements for a directors, report and accounts ft)r Cornpanies act purposes. REPORnNG ÈRAMEWORK The finanaal statements comply wilh Charities Act 2011, the Companies Act 2006, th8 ArtKSes, and Accounting and Reporting by Charilips.. Statement of Re(xTrtnmerKl8d Practicè aF¥Jluble to charities preparing thair accounts in 8ccord8nce with the Financial Rèporting Standard applicable in the UK and Repuljic of Ire14nss St￿1 Ch8p81, and thelr daughters were deepty involved in the Cultural and 8dLKational life ol the dty, so the indlvlUu81 cmtritwlK)ns which Ihey each made are all reflected in the way th8 house IS Inl8rpreted. AcfiviTIES AND ACHIEVEMENTS In common with other museum$ and ￿1￿191 attr•tsns th& imm of the paThlemic in 2020 and 2021, and Ihe negative economic climate, ig stsll evident. We d•livered 41 onlinè.lalks,'.V•K¥kshop8. di8fJJsskni$. bc(* tour8, ￿1h,Over 2,600 parUcipantS.OVgr.Ihe year. (Onlin& audience numbers arg up by 8% y8ar on ￿81) We welcomed 4.877 yiwlors overall. lThi$i6 up by 6% on last yoar b(rt not ygl back to pre-pandemic numbers) Wegave 21 prfvate tours lo gnxJp8 8nd.gwndary schcols. We welcomed 12 primary school $9SSiry)$ to ts Fh)Jse thi8 year (our nkqximum cap8atyl induding six sessions for primary.schools in Ihe M13 postc(Klo aw . We have hoslod 25 welldings. our m8ximum Aypr4ge SFend in Ihtr Tea A￿1 to £7.48 IprewioLtsty £6.28) in ling Wth Inflallonlprice increases. Thg Gardan won a Gold AWa￿.In the RHS &ritain in av4rd$ vhthin the sM￿J Vjsitor Attradion Catggory The cx)re activtties of the chgthy.aro.' ProledTrrvJ and w0n￿ting unique literary and culbjral herrtage ol tho House and Its wsrtors Playing a key r￿￿.aS the onlythlerary house With￿ Mand￿Sle¢S UNESCO City of Literature partnershlp Being a unique eXam￿e ol a Wthrian middl&dass house in Manthoste¥ Celebrating the1rf6 and lrterature of Elizabeth Gaskell and hèr r8lèvanc8 today Valuing arKI promoliny Ihe Gaskell family's role in the history ol ManthgSt8r Ardwick. Supporting local groups. residents and schools to Ltse and value thg House and its heritage. IAANCHESTER HISTORIC BUILDING8TRusr TRU8TÈES' AND DIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 812023 Satisfied visitors and qualty of the vi5ilor offer ar9 wtsl to the (MwJoing SUCC￿ oftr* House. We are cornmitted to maintaining a high level of customer care and providing ongoing training opporiunities for all staff and volunt88rs and rnaking physical improvèrnants in terms ol accèss and interpretati(x). We regularty ask ￿11 vi&1￿S arKI ￿line audierKw %that we do better and strive to mako these changes where we can. EGH scjjred 86% in our 2023 VAQAS insKMAK￿ from Visit EnglaFKI. This inspècbon schemg thks at everything from pr&-ViS inlomiation online to th9 cleanliness of the toilets. as well as 9aneral custc¥ner servi￿. AJI the areas wère scored very gocxl or excellent. Ongoing visitor feedback survey resutts show that 83% of visiiors rats their exwign(x at Elizabath Gaskell's House as excellent and 92.9Yo of visitors rate the weknme by volunleets and staff as excdlent. The ongoiThJ h￿h quality of the visitor gXP8rience is a cfoss-tsam effort. Our on-line pr(NJr8mme, launched duriFKJ the paTrJemi¢. (Thtinues to ￿ with talks attrncting partirypant5 from all over the UK and from other countries. We have contrnued to develg) partnerships olher organisation5 during 2023. These hav& included partnership èvènts with The Bronto Par50nage. the Porlico Library in Manthester, Jane Austen's Hous8, The Dickens Fellowshlp and ChawtDn House in Hampshire. Noarfy all the events altrad audie￿95 of 1C#I+ whi¢h would bè impossible to achievg in person Ilhe maximum room capacity in the House 15 30.35 p8c¥)l&l. The ovef arching them6 for 2023 was Mary Barton, which linked to the current temporary exhibib'on. Average sp8nd in the Toa R(K)m irKr8ased in ling ￿1h ext8mal prKe rises and thg team also trialled and imptgmenled other ways to incrgase spend with new $h(w Stock including Jthpllery. wints an¢J new book 8drtK)n5. The Tea Room devdotmnenl group which consists ol staff and voluntaers. continues to eX￿Ore ways to incrnase spend whilst maintaining high standards ol hygiene and fo￿￿ salgty. Al the end of 2022, th9 te8m suc￿sSIu11Y applied for £5.IW ol gf8nt funding Irom Museum Devel¢Jpm8nt North West to ¢rg818 0 new temporary exhibition. Tales of Manchester Lrf8- EIiz8Pxth G88kells Manchester, opgned in April 2023 and explored how Elizabeth Gaskell p￿Sented Manchestof and its peopl8 through her novels and Short slorigs. The ￿searCh fL¥ the exhibition was ¢8rried out by a team ol volunleers. and to bring their findings lo life the eXhitXt￿ indud&s interactrve and hands.on l&atures. Thls gxhibilion provided an opportunity lo display new ilems Irom the oJlJ8cts'on not previously display. and to continue to ¢8velop a dose working relationship wth the Worknng Cl85s Movement Librdry th1O￿h tho hjan of one of their pamphlet collections. Al the start of 2023. Friend3 of ElrLat•lh Gaskell'8 Hw8e were invited to Sf#)nsor on8 ol nine b￿kS with an irwjividual donation ol £150 to cover the cost ol much needed repairs. Th& bcx*s repaifad included a wry damaged copy of Shirley by Ch3rfotte Bronte and Lizzi8 Leigh by Elizabeth Gaskell. Ml nine books are row repaired and on display with bookptales in the Sluty for all visitors lo access. The books in the study ¢onlinue to enthral visrtors and we affj delighted that we can shafg more of the fascinating stori88 behind why we have theso twks in Ihe rdkntion. Wtr thank am our sptyw(Ks ts thw"r Supp￿t. Wrth thtr support of £3,500 funding from the Assockqlion of IndeF*)dent Museums Arts Scholars Brighter Day 9r8nl scheme. we hav8 be8n able to fulfil 8 long.terni aspiralion, lo crgate a Reserve Colleth"on$ Store. which co¢Jld not have been afforded otherwise. Wban Eli28belh Gaskell's House opened to Ihè public tn 2014, foll(ywing extèn$Ne ￿$toratIOn work. the work lo restolg the House was locu$ed prirnarily on public artras and therè w85 Minimal consideration at the ts'me for fomal collection storage. The reserve collection held in the attic is a rich reswrce for changin￿M￿)rary eXhI￿.1￿S and tor research and education use. We have a large res9rve collection ol boc*$- often s8￿ed for their rarity arwj for Ihe ar￿r￿ of their covers. These divers& items were stored on sub-standard shelves and in tx)xes on the flc¥)r but this grant ￿vered thg ¢051 of shglving, packaging materials. and staff trainiThJ. The new colleclKffi St￿ was cffj8tgd in earfy 2024. The Director successfully applied lor £3,300 of Sustainat¥lty Imrmvwn8th Fund from Musaums Oev8k)pmonl North West and Arts Council England lo carry out a project to imwove and upjate gxtemal and intemal visilor swJn&Je at the House with the aim ol improving access, and to support an improwl visitor exFon"en¢e. The project W88 promptad by feedbad( fr￿￿ visitors, mystery shopping reports and Visit England and followed reC￿mendatIonS from c¥Jr a(Less policy and plan which was updated in 2023. This investsnent to improve the visrtor expgrience will also diiedy supwt EGH'S planned appliCa￿n for Museum Accreditation in early 2024, demon$tr8ling a commitsnènt to 8ctioning charvJe and develq)menl in temis of quality and aixessibility. Visitors with disabilities (both visible and invisible) and visitors wlh f3milTres (using pushthairslpramsl now benefit from the impYov8d signage which will show the best entrance to use, the bo$t route to lh& h'ft, arKI how to navig8le the house via the lift. The new extemal signagè Is now dearer, identtyin9 EGH as a histori¢ hwse and musèum in a weknmiTrJ and indusive way. Opening hours and how th8 building is used lalso for weddings and room hire} a￿ aLso shtrwn. Thè pr91￿t also includes a new introttucbon panel Installed in the outer hall and has already received fflany pos￿￿ wnments prO￿￿1ng. as planned, a useful introduction to a visit. Unfortunately. the House was a wdim Of￿ 8tcThs that hrt the country in the SUMM￿ of 2023 and the staff office and Willram Gaskell's Study were affected by water damage over the weekend of the 8 and 9 July. Thanks to the quick-thinking response ol oijr 51aff and volunteers, prerious trts)ks were resc￿ and nothing from the cdlection was darnaged. However, the office glectrics w6r8 damaged and IfE Study had to be dosed lor a monlh whilst thè r(Kxn dried otrt fully. Lud(ily, we We￿ ablg to keep the rest ol tha House open and still ptovided a wami land dryl Welco￿ to all. Thank you also to those who thated funds tolallirKJ £S)O to the House during this b"me. The supwt was f&alty apprwiated and to mth.gate some of the cost of replacing equipment and drying out the rooms. WINCHESTER HISTORIC BUILDING8 TRUST TRumE8' AND OIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED OCTOBER $12028 .Partner¥hlps ' Elizabeth Gaskell's Hous& continue¥ to support the TrailiAazirwJ Women of G￿ater Manthester working group prowding space for several stiithing workshops througI￿lbt the yw ffieft￿ 8￿nrt celèbratiThJ great women of Greater Manchester. The resulting banner and btjnling ¢￿ated are now on display al Ihe P8nkhurst Centre. hllowing a launch evenl at Station South in Levenshulme. We hosknj aNACFEST (MU￿1m Ajts Culiure Festival) wcwkshop in May 2023 ￿ Tuthsh Fkyal Art with atst Ashfia Ashrif. It was lovaly to welcom8 8nd fam￿lar faces to th8 Hou88 lo leBm 8bxrt tho 8rt ftym ahd to veate th8lf own pi8tss to take home." Publlc bén•fit The Trustees tske into ￿nsideratI￿ the Chanty C¢JDmission guklarth on wblic ben8fft, èspecially in relat￿1,10 setting entran lees anq making the services that we offer more aCceS￿b￿. In addrt¥)n, Ihe Trustees are ￿MmItted to delivering a comprehensive rang$ ol'education and outreach 8ctivths which wer& thduded in the original business plan and were updated in a business plan in 2023. The main thrust of the updatad business plan is directed towards broatl&ning the audience base 8nd g8n8r8ling addrtional Income which will contribute to long le¥m sustainability. A sustainab18 operation will ensure that thè public ben8fi15 which the proj8Ct has generated will continue in fulurg y&8rs. Espeualty important In Ihe pThl-covid period will be the pryJgr8mme of paid-lor on-line talks andsmaller weddlngs whjch arg expectgd to r•main FwuLw. ContTllJlrtloft"•f volunt••r8 The house ￿n￿n￿e$ to dgpond upon it3 loy81 team ol apFwoxknatèty 4{￿50 vdunt88rs who give up their bme to be room guides, staff tha tsa,foom, garden, lake part in o)nserv81kn18cO¥ili&s. 8uppNt schc4Jl gTOUPS. daliver online talks, carry out mintenance Df the buildir@ and more. We were aljo d￿ghte￿ tuathlgve B Gold Britain in Bloom award in the Small Visitor Attraction category in 2023 thank8tO the hard w(yk ol tg*1 of vdurnBer gathern. From Klarch 2023 we Ir￿reaSettthg of thg vobjlwer manager alkhknj for rtfft.¥olunteor davelopment aThJ improved recruitmtht and induction processéd lo tts put in pl￿ induding irwthg acte88ibility. Lgjal requirements 8180 required mor8 robust Ar￿ detsilecs papywrk to bg collected Irom all volunteers. In July 2lJ23 the staff team be9an to actively promolg PAkyo Vdunt88rifvJ ￿Pl￿￿ni￿aS at th• Hou$a as one ol many *AyB'to make ur VolUn￿bring more a￿esSIble and to help us Nl 98ps In sp90r￿ rol85. In o short space of lime. we saw an Sncrèase in v(Auntsèrs ag8d 1&18 eno 2&Y) sKJnltvJ up and had our very first 8mploy8r- supported volunteering IESVI voluntoer. As an LYganl$atth we had extra hdp thjnng our btssièst bmes which has took thè pressurè off staff and l¢tytemi voluhi••rs. Volurrteern arnl 8tslf aliko 118w nw.lots ol n9W andloamt fromthoir in¢ividuAI experignce$. We cL)nllnued to host a student placemenl wlh Manchester Cdw, as part ol their inlemship programme supporting young gople b8rning disabilities. All th08e students who have volunte&r•d with us have gono on lo paid employment Or further educatiorT. Wei81s0 wolcomed voluntews from UnNwwty ¢Y M￿Ch&s￿l and ma￿t￿ WoFdilan Univèrsity,bothon, BtrucluTr<* pl8c8mgnts Bnd as standard volunteers. We mark•J P4ational Volunteeringwgek 2023 wmi a *Éek ol￿d￿Onal vbbjnleering Opl￿nitIes. Actiwties includett leath3 of volunlegrs and trustee8 repainting some ofthe bfisenwnl.a￿as over ￿)￿aYs. attend•nGe'at a volunteer event al central Library and a summer qulz night. Our annual volunte8r survey reports W$itively on ihe overall volunlegr eX￿rIenCe. 94% of volunteers reported that they were extremfjly or very proud of Ihe vdunleer work thoy did at Ethth tsaswl's House. 91% also said that thoy felt extremely or very appreci8ted. MANCHE8TER HISTORIC BUILDINGS TRUST TRUSTEES. AND DIRECTORS, ANNUAL REpoirr FOR THE YEAR ENDED OCT08ER 31 202a FINANCIAL REVIEW Ov8rvi•w The group had a deficit on un￿sIr1¢1¢￿ general fvn(Is. tr8nsfers. fc* th8 year of£54.312, The subsidiary h88 continued to cwrate G8skell Hcwjse and has bjme an awowate share ofthe costs. RSsk management As part of tho 2023 Business PlanniThJ prccéss the Risk Registsr vrds revtsed. Seven Mai￿ risks were identified which included rinancial iisks. risks to the building and (x)Ilection and capaoty issues. mit￿allOnS were put ift PL￿0 to redu￿ the risks. Reserves The charity is required to hold finaniial ffjseryes lor the loMM"ng reasons.. To buffer any short-leThn volatility in irKg)me .expeThJi￿r9 (* in thin9 capitsl requ1ren￿nts,. To providè sècuiity to paid slaff to 8nsure Ihat t￿ charty will b8 ab19 to meet all its financial Obl￿ationS linked to &mploym8nl (regardless ol whether Ihese arg rwovKl8d lor in Ihe wjuntsl., To provide tho Charity wth the means ¢0 ￿ strategically, and to pri￿[1￿ brrfJer-tgmi 90818 rather th8n cperate ents'rely on a'hand to moulh"basis. To il is ab18 to atteThJ to twikJirvJ maintenance issu88 in a ti￿lY mann8r. Considering the scale ol the charity's operalK)n Ihè Truste8s consider Ihal the required level ol free r￿erveS, that is unrestricted funds not invested in fixad assets or oth8ThYis6 deggn8ted. la150 refeffg(I lo as general fund wlhin finanu81 slalemenlsl, that are ID cover ilerns al ¢0 cl abgve sh￿11￿ be in the r8gion of £60.OCX)- £80.000. The trLSStees also ca)nsidèr th818 designated fund lo address dl is requlrgd of £60,OCQ. Consequentty. th$ Trustees have d&*natod £60,{￿ d rgseThe$ fora 8uilthngs Maintenance Fund, as it Is tw ten years slnc& major work w88 U￿lertaken on th9 Hw8e ahead of oF•nin9 to the put4ic aNJ Some maintenance and ropalrs a￿ ThJw considgrad neCe￿ary. In addition lo the Building Maintenance FuThJ, Trustees have deS￿nated an addib"on81 £40,CX)O rgceived by way ol donation in 2022 to the r&stoiation ol the Victorian ¢onservatory. to further w10￿ the Houso lo the way it was in use in tha Gask811's lime. 01 this £34,000 r&mBins unspent. Wg onticipale drawing on our r8s&Ne8 in the next finanoal year for reF*en￿nI of h)1 wgter geyser. rw computer equipm&nl and software, an(1 upgrading fira alami system. We will aim to rebuifvj our resgrves as sc¥Jn as possiblo. Al October 312023 fr99 reserves (general furvjl 819 £88,120 aThJ totsl de5ignatad ftw)d8 are £94.000. Going con¢grn Following the Covid 19 pandaynic, in common with many museums. we fouFKI our visrtor figures were subslanlially reduced and building confidence among visitors has taken time. Although steadily improving cmjr vI￿10r figures are still below 2019 lav81. In addition th8 Cost ol Iwing crisis with its negativ& impact on o)st ol supplies and servi￿, and the disposable income available to our visitors, has had a detnrnental effeci. We have made granl appli9t￿nS and havo Iwked at ways in which we can increase our income in future and the trustees b&1￿¥8 Ihe charity remain$ a going concem. In 2022123 we re￿Ved grants totslling £11.100 for prq8(# vrt)rt to enharK* Ihe wsitcff offer and the wllectvjn, thèse were detailed above and included.. £5,(￿ ol grant fundir4J from Museum Developm￿1 North Wesl to creatg a nvw tempor3ry exhibition. Tales of Manchester L*fe- Elizabeth Gaskdl's ma￿heSter (April 202>(kt 20241 £3.500 fundin9 fr¢yn AIM Arts SthoLqrs Bnghler Day Grant for a new wllecbon store £3,300 01 Sustainability Improvement Fund from mUseun￿ Devekpmenl N(xth West and Arts Counul England to carry out a projed to irnprove and updat& gxternal and inlemal ￿srt(X signage IAANCHE8TER H18TORIC 8VILDIP468 TRUST TRUSTEÈS, AND DIRECTOR8. ANNUAL REPORT - FOR THE YEAR ENDED OCTOBER 812028 . FUTURE PLANS At the 2023 AGM we welcomed Luke Kelly as our new Treasurer, replauThJ R￿tiard HaNey wh) had resigned. Unfortunately. Luke has had to resign for personal reasons in early 2024 and we are in Ihe prlxw ol rec¥uibng a new Treasurer. exa MJpplèbeck resignèd from the Pthrd in 2023 as our'Trustee l&adfor Fund￿l51n9 *Jd Ann O'Brien stepped down 8fttrr many years on the 808rd 8nd the Friènds Commrttee. Fdl(Mng a skils audit a InJsl•g reuvitmpnt *￿rkIng group the board eomm8nced a programme of recruitment in May 2024 to fill *5 vacant on the Boaril. e reVIe￿ed our stsffing $tru¢turo in >023 to 8nsurg ￿ have capaiity to ¢Jelwerour Servi￿S wilhin the constraints of our rasources and that staff had job liues that ￿fleCted their rofes 8rKI responsibilihes. As a result changes tr) job title5 and increasos to some staff hours were made. The Wedding Manager IprevK)usly Cwrdinatorl role was increased from 4 days to 5 days. the volunteer and collection managers IPrewu3ty HDus8 Asskgtsntl incwsed from 2.5 days to 3.5 days per week and th& accounts roles from 1 to 2 days. 11 was prop0580 Ih818n 8dditK)nal'nèw rols IH(xJs¥ Assistant) W￿h￿ be recruited on a 12-monlh Lajntract for 8 days perweek to SL¢PPOrt weddings. room hwes. Fiiends adnun 8nd lake on day-ttrday admin currendy undertook by the Director. As of Marth 2024 Ihg paid staff team nDW consis18 of 7 PeOFd81&]uival8nt to 4.21 ftJlktimB *8ff),' House Director, Voluntser & Collections Man8g8r, WeddiThJ & Hires Man4er, Events Manager, Finance Asgstsnt. H(wse A55istsnl and Cleaner. A8 reportèd ple￿OUSlY th& lease l*rAthon in¢xM* of'£11.CWI was surrendgred by the18nanl for"on8 lanJo rc¥>n 8nd one'srnall room Irvffl June 2023. The office sp8ce has been twu lTrprovbJg imFThed Stsff acojmmodation. briThJing thg whole tèam togeth8r for better cTrworking. bur weddlng'boc*kings continué to remaih popular choke for $tn811 ￿eddlA9$"I9s people ¢ir less) with oveAvhelmingly positive reviews and we have been al or neat lull c8paoty fth the p8sl lew years. The cosi of living crfs¢s has had an impact on the weddlng sgctof ggnaralty but thankfully the impacl has been minimal so far lor the Hcyjse. Although annual pnce increases a￿ implemented as standard there is little development to increase th8 number ol the we(hJiThJ lurther lo tx)th a limit on stafflvcAunteer capacity lo organise and staff the events,. and the impact Ihal ￿dding$ h8ve on the fabric ol th& building and ￿119¢¢1￿. Taking this into nsidor8tion tha staff and Irus(e8 team agree that24125 is the maximum numbar ol woddin9s that can be held each year 8t the House. Admisslon prf¢g8 on ¢wn days wera in¢yeas8d by Sop in M)v 2023 wilhout any nggatfvg effect on numbèrs or incom81gvels. Al rice5 *é.reviawied annually wilh'lurthwprice ris•s'awss al a￿¥$ plgnned ftr Nov 2024. STRucYuRE GOVERNANCE AND IAANAGEMÉNT Gov•mlri# documènt The Chèrity is a company limited by guarantee ar*J 18 governed by its Memorandum and olAssocialion dated Jun& 10 1998, SS 8mgniJ9d by $p&cial resolut￿n dattd Seplember 19 2020. 11 is Tegistqrad as 8 th8(lty wth the Charity Commissiori.: em￿rI ofth• company Thosg gli9iblg lor membership of the company are lhe ￿ljin81 subsuibws to fv Arfic408 8nd.suth olher persons or corpor8lion8 s may desire to bè admrtted lo membership and ¥￿￿. are elecled by the GovemiThJ Bodf. Thertr are currgnlly 170 m&rnbèrs oflhe compaty, npntr of whith arè corporathms. each ol whom agrees to conlributè a sum rv)1 0X￿ding £1 in ihe event of the tharily being wound up. Appolntm•nt'of DlrKtors and Trusteè¥- Th? Gov•rnlng Body The Dirèctors. who are the Trustees, are" Ix)lkntivd¥ Known as the Gt*"erriing 80ty. TW are app￿nted either by th#'Govgming Body or by. t￿8 members in general mé'ting. One thi￿ of the Trustee5 retsre by rolation each year, being the lty)gest in office and aro efvJible for ro-èlection. Only those rètiring by rotO￿on or those nominated by Ihe Governing Bcxty a￿ eligitAe for election unsess a mèmber givès notlgss than fourteen and not olè than *.xty days written noti￿ Idefvered to the Company's registered offi￿> ol their intènb.on to stand or prow)se sonieorte e169 for elèclitsn Kwho has also (￿rim1ed in writin9 their wllirrfJness to b& e￿8<11, Trustèo rncniltthen( Induction and tralning Trustees are recwited for their indiwdual skills. experigrK* arKI and usualty have an interest in the Gask811s, either through Elrzabeth'a writings or William's religious and s￿)81 work whith he was supported by the resl of the family) aFKllor an interest in promotsng the house as a community, arts and cultural venue. The T￿nI Govemance rewew also includgd a skills audit of thé board. A succossion pLanning ￿￿￿p has been created Ao recruit board members wth apprO￿"atti skn.lls and knOw￿ge. Irustees arè made aware ofthe resoJr¢es aval8b￿. th¢ Charity c￿mIsSi￿ webslle. Organlsatlon The Governing Bc*Yy, which must r¥)t be less Ihan fve mmtrErs or more th￿ fifte￿. administers the Charty and meets as ne￿$sary, now bi-monthly. Resw)nsiLMIty for daY-t￿daY martagem8nl is dèlega￿ to the House Director. MANCHESTER HisfoRIC BUILDING8 TRU8T tRU8TEES' AND DIRECTOR8. ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 812028 Relat•d partl•s Details ol related paty transactions are gNèn in n(rt95 to financaal statements. Coryoperatlon w5th other organlsatlonglcharltl•$ EIE8b8lh Gaskell's House conbnues lo play an ￿1v? role in a varietyofnelworks across Man(*￿ter induding the HIDDEN ￿e￿ork, Man¢hest8r City of Uterature. the Oxford Road c(xridor group and Marketing Manchester visitmanchesler.coml. Nationally. EGH is also a rnember of the Historic Houses Association which 9ives fvee enty to members and th8 Literary Houses Network. All of which provide opportunslies to market and promote the House to dilferent asjdiencès. Within the rnuseum sector EGH is a member ofAssocialion ol Independent Museums IAIMI, Ihe Mu58urrt Assoaa¢ton and MLtseum Development North, which all provide acc6s8 to training, netsyorking and grants. Elizabeth Gaskell's Hc¥Jse has also hosted ￿nts as p8rt of Manthester Litera￿Te Ftistival and is a part of thg ￿9nsort1urn of organisalions devekjping Manchesierfs UNESCO City of LI￿rature aclryiknes. TRUSTEE8' RESPONS181UTIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees (who are also direclors of lh& company for Ihe purposes of company lawl are re5ponsibte for preparfng the Trustees, Annual Report and the finanaal stat&ments in aCCord8n￿ appl￿ble law and Unilgd ￿ngdoM Accounting Stanil8rd5 Iunited Kingdom Generally AcLepted Accounbng Prac1￿e1. Cornpany law requires th8 trustees to prepare finan¢wl ststements Ic* finar￿la1 year, which give a true and lair view ol the stale of affairs of the chantable company and of th* in¢oming resources and application of resources, including the income and exp8nditure, of th8 chantabb company for that P9fKtyJ. In ￿paring Ih8se financial stat9monls, the trustee5 afe requirgd to.. $818Ct suitabb aC￿unting poliC￿S and Ihen awy them ¢onsislentty'. observe the methods and principlgs in thg Charitie5 SORP IFRS 102}180¢￿d ediknon- Octotor 20191.. • make judgem8nls and &sbmates th818re reasonable and prudent., slate whether applicabla UK A¢￿unlinp Slandards have been folbwed. subiecl to any material d8p8rture8 dis¢l08ed and explained in the finanaal $tatemgnts', prepare tha fin8n¢ial st8tem8nts on the going Uxbcem basis ￿188$ it Is inappropriate to prgsumo th81 the charitsble company will contsnug in opgralion. The trustees ar8 responsible for k9eping 8dequale aC(¥￿￿tIrrfJ Tewrds that disdos& with reasonabl& acojraw 81 any lime the financial posbtion of the charitablè Company and enable them lo ensure Ihat Ihe finanual ststements comply the Cornpanies Act 2006. They are abo responsible lor safeguarding the assets ol the charitablo Company and hgnce for t8￿n9 reasonable Steps for thè prgvention anroporty Exhlblts Ttstsl al November 12022 2.458. $8,058 2.516.654 dlllons 015po8als 01 Oclobor 312023 2,458.596 58,058 2,516.654 Depr•clatlon 91 No￿ntsT 12022 al October 312023 Net Book Valu• * at 312023 2A58.S98 58,058 2,516,654 As at October 312022 2.45&596 58.058 2,616.6S4 The ￿¢h￿d property Ss $ubieLI lo a first tharge in favtyir ol th8 H8rilag8 knll8ry fvnd ent8r•J intr) on October 10 2014 as a ￿ndit￿n ofthe ￿3rd of a gr8nt of¢E1.8rn try￿d8 phase 2.0lthe restornthm. The above assets ara 811 included 81 cosl. Thè fNg yoarfinan¢iai surTThry of herfiag8 &5ssttransth￿ Ys 85 fc4bxE', 201W19 2019120 2021Q1 ' 2021122 202Y23 8uildlhg 8c4uisitionlr6storatK)n Eyhibits lfvmitute. ffttlr￿S & fithv051 Exhlblts Indude ftjrntture, fftbngs and ar￿Ul￿$ by Twst In (*der to lumth the Iwse in an auth8ntK sty18 congSt?nt with the Gaskdl Farrrivs cwpalkn) Of￿ w￿rtY. 20 MANGHEsfER HISfQRIG BUILDING8 TrU8T ' NOTEa TO THE FINANCIAL STATEME1￿ FOR ThEYEAR EMI￿D OCTOBER 312tr23 13 FIXED ASSETS INVESTMENTS The tharity has cl￿S 100% of the i&8u8d share c8Pital of the lol*MNJ wrpany Nam• A¢tivrty Inv•stm•nt Company no. 2023 2022 The Gaskells, House Trading Ltd running Gaskell H¢yJsè as 8 vi￿10T attraction and café 10 10 7364259 Group 2023 Greup 2022 Charlty 2023 Charlty 2022 14 DEBTORS Incon* receivable 4108 719 2,4QO unt due from group corry)any VAT recIa1n￿ble 63,346 74,593 Prepayrrenls & other debtors 14.394 18.503 15.471 21,975 11,34S 75.411 11,800 88, 793 15 CREDITORS falllng du• wlthln on• yoar Tr8de creditors 3,158 21.387 4,242 332 3.439 25.677 2,098 15,922 2. t97 16,417 ¢ru81s & deferred Income Othgr taxation and $(Kaal 8ecurtty Penslon conlrfbullons 1,459 307 332 307 Funds In Irusl 400 4G 400 400 29,519 31,823 21.416 20,780 MANCHE8TER HISTORIC BUILOINGSTRLBT NOTE8 TOThE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED SIC0n¥8￿ti￿,. 1n8cfj)rdar￿e wilh the Statement ol R8commended Piactice Accounting and Reporting by Charities preparirrfJ Iheir awiunts in a(Xx)rdan￿ wilh Ihe Financial Reporting Stand8rd applicable in the UK and Republic of Ireland IFRS102) effective January 12019 (second Èdib"on- October 20191,. FRS102,' and the Companies Aci 20C6. The tharity constitutes a pubk l*￿rIt entsty as der￿ed by FRS102. The a¢ p.>Joi Fwd 42X) Captt41 qraTrl• •xp•nd•d GrJntB 8yp8nded aThY asset 2.SaQ7T8 2.59&451 J.749 2.LK4t 2.611.395 2,606.182 79.126 11.10) 116.145 2,6W350 Tot•1 lund4 2.M4698 (IYI.61T) 2817.8Zfj 4S,6 {104.9861 2,781,470 Trin¥f¢r conSery￿Ory R¢$lrl¢tsd fund$ Donations- Willlarrfyst DOnatw￿9ran1-gwden Fortr* ￿kE@par￿* 23 ANCHE8TER H18TORIC BUILDING8TRU8T NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED OCTOBER 812028 17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS Unrestrictsd fvnds Restrlcted G•n•ral D•$ign•tsd Funds Total Fundbalane•s at Octobv312023 aro rnw•sgntedby."_ Tangible fiy£d assets Investr(pnts 5.311 2,606.182 2.61q,493 to 10 Nel current assets 82.799 88.120 94.(K)O 94,(XJO 168 176,967 2,788.470 2,6[￿.350 Fundbalancos at October 312022 arn r•prK•nt8dby.'" tangible fixed assets InvestrY*nts 18,098 10 2,606,182 2,624,260 io Nel current ass&ts 160.568 2,968 6Q,GI)0 2,609, 150 223,536 2,847,826 178,676 18 CONSTITUTION The Coryjany is liffited by guarantee and does not have a sharo ¢apMal. kn the event of thg Cony8ny being wound up the fI*￿￿erS are Cornmtted to contn'buting £1 &Kh. 19 TAXATION rhe CorYp8ny Is a rtglslered ¢h8rity and 18 enlitled io dalm amual g>wllon from UK corpwation t8X. 20 CAPITAL COMMITMENTS There were no coptt81 conmlbrnnts authtylsgd and c¥ntsclod ft)r al th8 end of th8 Y￿rI2021 £NIII. 21 RECONCILIATION OF NET MOVEMEtr4T IN FUNDS TO NET CASHFIOW FROM OPERATING ACTIVITIES Group ' 2023 Group 2022 Charfty 2023 CharFty 2022 Nel Inco￿£1(expendllUIe d back depreclalknn just￿nI HLF Phase 2 lunding Deduct interest inco￿£ shovm in investing aclivities Deduct profivadd back losses on dispogals of FA Decreasellincreasel in stocks Decreasellincreasel in debtors Ihcre8gelldecreasel in creditors Net cash goneral•d fromllus•d Inl 0￿ratIng aeilvltk$ 159.3671 12.787 928 159,3561 12,787 927 13.304 13,304 {1,IJ09) (422) 11,0091 ,(422) ..1,919 3,472 {2.304) 144,493} 11.893) (340) (2.168) 9.409 13.382 14,509 (6,384) 21,954, 636 133,5611 22 RÈLATÈD PARTY TRANSACTIONS Details ot th'etsading beNYeen the"tharity and lis subsidiary (xjrripany are shown in thg rK)les lo the finar¥ck81 stst8mants. In the year the ¢harfty contracted Mrs V Watson, a lorr￿ I*￿¢ee. to wovMl8 IMX)k keeping seThices for which il paid her £0 12023- £3301 and there was a balan￿ of £1,630 (KrtstandirvJ al 3111012312023- £1.6,30}. Mrs Watson had play￿1 no Part in the dolision to gngaye her servKes. Thore were no other related party trans&tion5. 24 MANCHE8TER HisfoRIC 8UILDING8 TRUST NOTES TO THE FINANCIAL 8TATEMENT8 FOR THEYEAR ENOED OCTLW 812023 23 CONTINGENT LIABILITIES The charity has r￿￿ed grant support for the iesloration of Gaskdl How from a number of drfferenl funders, which havè continuing restrictions over the disposal of the proFerty. H•rltag• Lott•ry Fund IHLFI - £190.93S {phas• 1) and £IA30.871 (phase 2- exeludlng rgvenue support) The Charity cannot dispose ol the prop&ty by sale or leasg for a tbwi(Kl of hyenty five years from June 2012 withc*ut the written consent ol HLF, and il let or sol¢J at a full market rate HLF may rwuire that a proportion of the net proceeds are paid to them in accordance with their standard grant conditions. Thè dtsrty is also Obl￿ed to open the property to the public and to advertise the opening times. Engllsh Herltage- £297,911 (Phase 11 and £86.849 (Phasè 2) The Charity cannot dispose of the p(0￿rtY by sale or bease fora ￿r￿￿j of len years afterth& final payment oltheglanl leffectwely from March 20131 without the wntten consent ol EThJli%h Hantage, v4hKth consent will only be giv￿ after 8ny grant already paid has been recovereil in lull. The charity is also (l)IKJe(I to op8n the proFety to the publi¢ and to adVert￿e the opening tim&s. Blffa - £S0.000 11 the charity disposes of Ihe propty, Rs￿ (th& granlor) is entiued to sune ol the prcwt16 in proporth)n to iheir contribut￿n, unless othgMis8 agreed. There are no contsngent liabili1￿S att￿Ing to the fvrmllng frcth c4her swrces. None of the ab)ve ¢ontiNJent liabilrfi&s 8ffj 9XP8Cte(J to W8lallise. 24 ULTIMATE CONTROL The company has bean under thg collactive control of its t1irectlX5. 3p￿￿'nt8d by th& members, throughout this and tho praceding year. No director or mornber ltsking account ol any a$￿i81e$l has a Contr￿ling interest in the company. 2S