PITZHANGER MANOR & GALLERY TRUST
ANNUAL REPORT AND FINANCIALSTATEMENTS
1 April 2022 to 31 March 2023
chrlty Registration Numb•r: 1152434. Company R•gSstratl•n Number. 08278049

Trust•es' Report and Cons01idat•d Financial Statements
Contents
Pa9e
Report of the Trustee5
1.14
Ststement of Trustees Responsibilities
15-16
Independent Auditor's Report to the Members of Pitzhanger Manor & Gallery Trust
17-20
Consolidatèd Statement of Financial Activities
21
Group and Charity Balance Shèèts
22
Consolidated Statement of Cash Flows
23
Notes to the Financial Siaternents
24-34

Pitzhanger Manor & Gallery Trust
Report of the Trustees for the year ending 31 March 2023
The Trustees are pleased to preser)t their annual report together with the financial statements of the
charity forthe year ending 31 March 2023.
The financial statements comply with the Charitie5 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 IFRS 102).
Introduction: About Pitzhanger Manor & Gallery Trust
Pitzhanger Manor was designed and bu ilt in 1800 by Sir John Soane one of Britain's leading architects
whose other buildings include the Bank of England and Dulwich Pictu re Gallery), as h 15 personal country
retreat in the then rural vi Ilage of Eal ing. Pitzhanger is vitally important in the Soane story as a rare
example of ? bu ilding Soane designed, bu ilt and l ived in himself; Soane used it as a laboratory for his
architectural ideas, including his trademark use of canopy domed ceil ings, the appl ication of
idiosyncratic classical detai15 and his innovative use of l ight as an architectural tool. The Grade I listed
house represents an extraordinary architectural statement bursting with his influence, idea5 and
flourishes: it is an artistic tour de force.
Pitrhanger Mar)or & Gallery Trvst was established in 2012 to work with Ealing Council, the owners of
Pitzhanger Manor, to conserve, repair and enhance Pitzhanger Manor & Gallery as a major cultural
landmark for West London and beyond.. a destination for art, education, and architecture. The project's
aim was to restore the Manor to Soane's original design and upgrade the Gallery and the Surrounding
gardens to enable the hosting of a world-class exhibitions programme, and to offer learning and
enjoyment for all with an extensive outreach programme. On completion of the three-year capital
project in 2018, the Trust took over the running of the site under a long-term lease and a management
agreement. The Trusvs executive team are overseen by an experier)ced Board of Trustees, and the Trust
works closely with Eal ing Council, the architects, consultants, and contractors, to deliver the project and
manage the site.
Objectives and Adivities
ision
We bel ieve culture matter5 for all people. Pitshanger will initiate exceptional creative encounters for
everyone, empowering expression, inspiring discovery and enriching our community.
Mission
Building on the dual foundation of Soane'5 1800 Manor and parkland and of the contemporary Gallery,
Pitzhanger will unite the past and the present and inspire the future.
Our mission is:
To conserve and revitalise Sir John Soane's Pitzhanger Manor in hi5 original parkland..

Pitzhanger Manor & Gallery Trust
To celebrate Sir John Soane's genius as a designer.. to nurture understanding ofthe relevance of
Soane's work today, and to carryfonmard his passion to inspire future generations in art,
architecture, and design;
To offer a programme of compelling, ambitious, and stimulating exhibitions that provoke and
inspire:
Through an imaginative and wide-ranging programme of participation and events, to enable
broad and diverse aud iences in Eal ing, Wast London and beyond to ignite their creative
potential:
To offer a stimulating place for creative reflection and debate that will encourage fresh ideas and
new connactions that enrich our lives.. and
To develop a sustainable business that enables Pitzhanger to del iver its aspirations in the lon9
term, seeking to diversify and grow income streams from a wide range of fundraising and
commercial activity.
Strategic Goals
Reach more people.
Positively impact our community in Ealing.
Financial sustainability
Care for our people and bu ildings.
Values
Collaborative: inclusive and 5UPPOrtive teamwork with everyone we work with + developing
dynamic & productive partnerships beyond the organisation
Excellence: striving for excellence in everythin9 we do and everyth ing we create, reflecting
Soane's exceptional desigr) legacy
Trust & Responsibility: valuing and respecting all the people we work with + encouraging and
respecting expression and debate
Bold and Creative: adventuring and innovative spirit to embrace challenge, experiment with new
opportunities and learn from failure5
Sustainability: embracing Sustainable practices, committing to reduce our environmentsl impact
and considering ecological, social and economic factors in everything we do
Dellverfng Public Béneflt
The Trustees conf irm that they have fulfilled the duty in Section 17 of the Charities Act 2011 to have due
regard to the Charity Commission general guidance on public benefit.
The Trusvs overarching aim is, through restorin9 and revealin9 this important historic building and by
upgrad ing the art gallery, to promote appreciation of national heritage and of art, and provide both
learning opportunities ar)d recreation for our diverse communities. Pit2hanger Manor & Gallery Trust
also ha5 the general aim of contributing to the quality of Itfe of the people of the London Borough of
Ealing by expanding their horizons in offering exciting, challenging, and accessible education
programmes, events, and exhibitions.

Pitthanger Manor & Gallery Trust
Achievements and Performance
SUMMARY
Total Vlsltors: 37,682
Total Digital Visitors.. 31,204
Total Education and Outr•ach Engag•ments'. 8,918
Exhibitions '. Rar)a Begum.. Dappled Light, A Sense of Wonder.. The curious Robot World of Matt
Dixon, Anton
Caro.. The Ins iration of Architecture. Soane Restored- Jaixia Slue.. Ji
saw Herita
As we entered 2022-23, we were hopeful of emerging from the Covid storm, setting out on the path to
return to our pre-pandemic levels of vi51tors numbers and engagement. While cond itions continued to
be challenging this year, with our colleagues in the sector reporting visitor levels at 60-70% of pre-
pandem ic targets, together with the cost of livin9 crisis, we were pleased to see a 35% increase in visitor
numbers, a good step in the right direction and a sound foundation forfurther growth in 2023.
Our main focus for the year was to implement a strong Audience Development Plan to reach the target
audiences currently not V151ting Pitzhanger and grow and diversify our visitor number5, bu ilding on key
planks of the audience strategy from previous years lincluding the exhibiiion programme and the
supporting public programmes of events and workshops). Our aim was to make Pitzhanger a vibrant
community hub for all local aud iences whatever their background, to inspire them in art, architecture
and design, while also ensuring Pitzhanger could remain financially viable.
A key part of this plan wa5 rolling out and extendirbg the Learn in9, Outreach and Education Programme.
Key to this was the schools programme, which inspires creativity within our younger audiences and also
can help us to reach the hard-to-attract audiences la nd in addition help us raise profile in these areas
with families of school visitors acros5 the borough of Ealingl. Over the year, we were delighted to
receive vi5it5 from 27 differont primary and secondary schools and colleges from across the borough,
and reach schools with a high proportion of pupi15 Wlth SEN and on free school meals. Several schools
returned for repeat visits. This was a good step towards us achieving our ambition of meaningful
engagement with every school in the borough of Ealing.
609um's Paiiitin9 Lthrge 2U2l feeturin9 c>n Ili¥ Iiomtrpage oI&Atsn'5 Sch

Pltzhanger Manor & Gallery Trust
We worked hard on developing plans to animate the manor and better tell the story of our remarkable
historic building, particularly to ensure a visit was appeal ing to the non-9uided visitor. We extended our
exhibition displays into our historic spaces, with the aim of drawing exhibition visitors to the Manor as
well. Ran3 Begum draped her vibrant neJn fish nets across the Manor's central stairwell to dramatic
effeci and one of Matt Dixon's robot models was placed in the conservatory and Soane's Kitchen. We
have continued the practice of displaying exhibition works in the gardens and park around the Manor in
order to attract passers-by to venture in to explore the Manor and Gallery.
Antony Caro'$ Foruml992194 to th8
rèarof the Ménor
We introduced mor6 regular and visible programming on regular dates in the month so visitors could
plan when to be at Pitzhanger. We aimed to become more of a community hub, making Pi12hanger the
obvious home to more community activities/workshops/session5 and a place where community groups
can celebrate key events.
Cgr•mony lorAboI￿on of Windru5h
nd Unvèiling ofCeTgfflonyPlaqu•$.'
Soan•'s Gardsn
Our volunteer supporters remained an essential part of our offer and in the year we amassed nearly
4,500 volunteers sessions from an actively engaged group of over 100 volunteers, who helped us with
invigilation. tours, learning activities, honey making and gardening. In addition we benefited from the
skills of a wide range of locally based experts who provided advice and sUPPOrt on our various specialist
committees. We also continued collaborations with local student groups and offered our 4-weok intern
programme to 8 students to help bui Id their skills and employability.

Pitzhanger Manor & Gallery Trust
EXHIBITIONS
We continued with our aspiration to offer a varied programme of exhibitions to appeal to a wide range
of visitors. Fou r major exh ibitions were presented in the year, together with add itional displays
organised in col laboration with our local community.
Rana Be9um.' Dappled Light125 March- 11 September 2022)- a solo exhibition of work by artist Rana
Begum RA, with striking works which explored the perception of light, colour and form and blurred the
boundarios between scul pture, architecture, design and painting. Fol lowing her selection for
Pitzhanger, Rana Begum was asked to curate the architecture rooms of the Royal Academy's Summer
Exhibition.
Soane Restored (till May 20231- an exhibition tell ing the story of Pitzhanger's recent restoration and
celebrating the skilled research and craft work involved in the recent restoration of Pitshanger.
A Sense of Wonder,: The Curious Robot World of Matt Dixon (14 October 2022- 12 February 20231- an
audio-visual exhibition by digital artist Matt Dixon, creating a magical and playFu I world inhabited by a
series of loveable rusty robots,
&rAntony C•ro.' Child¥ TgwgrRoom
olthe Soone Set thg Tlibur
Rana B8gum.' No 7081 Mosh2021
Anthony Caro.. The Inspiration ofArchitecture19 March- 10 September 20231- an exhibition of the works
of one of the most influential sculptors of the 20, century, the exh ib ition focused on the devèlopment of
architectural themes within Caro's sculpture5 in works created between 1983- 2013. A highlight of the
exhibition was Child's Tower Room11983-4), the earl lest work Children were invited to climb insidg this

Pitzhanger Manor & Gallery Trust
structure which breaches the boundaries between scul pture and architecture with spiral steps and to
explore hidden chamber. It has become a hi9hlight for visiting families.
Displays included..
-Jaixa Blue: Jigsaw Heritage.. a display of African and Caribbearb inspired fabrics to coincide with
Black History Month.
display of winnin9 entries from local schoolchildren of bunting designs to c&lebrate The
Queen's Jubilee.
LEARNING AND OUTREACH
Our Learning, Outreach and Family programme, was at the heart of initiatives to reach our community in
2022-23. Acr05S this varied programme, we aimed to offer inspiring ways to engage with Pitzhanger for
a wide variety of ages and backgrounds, and ensu ring pricing accessibility to take account of their ability
to pay. For example:
We launched an exhibitions schools programme for Key Stage 2, including teacher rÈsource
packs, CPD sessions for teachers and free self-guided visits for schools. Among many
successes was seeing Ark Byron Primary School bring their whole school to visit in July 2022;
Through funding from the Alan Baxter Foundation we were able to extend our popular
Architecture After School Club from 6 to 12 weeks and offering the club to primary,
secondary and SEN provisionsfree of charge,-
We relaunched our outdoor learning programme, streamlining our offer and adjusting our
pricing Structure to make it more cost effective,.
As part of our'A Sense of Wonder, exhibition we held a comic booklgraphic novel
competition, offering schools and colleges across the Borough free workshops with award-
winning comic book artists and inviting them to create a comic book or graphic novel
inspired by one of the artworks. 11 winners were chosen from the talented entries;
Our flagship under 5s Little Builders was relaunched a5 Mini Makers with a new t&am of artist
practitioners. It attracted an average 40-50 famil ies to the weekly sessions Isubsidised for the
unwaged, recipients of benefits and blue light card holders);
Pitzhanger became a creative hub for families during the school holidays, offering a
combination of free and paid activities, as well as a range of self-guided activities and trails in
our Education Room. Highlights have included..
Familyyoga
Drop in drawing workshops
Strummy Mummy Ukelele workshops
Cr8ative Summer, with supportfrom the John Lyon's Charity. This programme of
activities for children and families, included free drop in activities across the 6 weeks
hol iday and a one week holiday cl ub, where children aged 7-11 got to experience a
dtfferent art form every day and four days of play sessions led by Assemble Play
2022-23 also saw us partner with our neighbours at the University of West London's London
College of Music, MMU Performance programme. Students performed a free half-term
concertforfamilies.
We offered a programme of activities every Sunday morning. Open Sundays have provided a
free opportu nity for Ealing Residents to experience storytelling and drop in art activities, that

Pitihanger Manor & Gallery Trust
introduce them to our main Gallery exhibitions as well as other themes such as Windru5h Day,
the return of Carnival to West London, Black History Month.
EVENTS
A key focus thi5 year was our Thursday Late programme, with later opening hours, a refreshments bar,
DJ sets and drop in workshops. We offered a varied programme of events and workshops at the Lates
ranging from talks le.g. Paralympic athlete and presenter, Ade Adepitan,- the architecture of Crossrail;
the Polish Airforce based at Northolt; and Director and ArtlStic Producer, Kwame Kwei Armahl to
workshops Izine making, paper weaving, print makin9 and life drawing) and collaborations with local
organisations with local organisations including South Asian DJ / music collective.
CONSERVATION
Our commitment to conservation of Sir John
Soane's historic house has been sustained with
careful maintenance of the historic fabric.
Developments during the year ranged from the
installation of a li9hting upgrade across the
historic interiors, to the research and acquisition
of carpets (19th century and contemporary to help
protect the historic floor5 while simultaneously
improving acoustic5 for events and improving the
appearance ofthe room.
Eating rocm.. Lat4 79h cantury Sarouk.Feraghan carpet
Funding for the reframing of our 18 century
prints of the Vil la Negroni la Roman villa that
greatly influenced John Soane's architectural style)
was secured from various Trusts and Foundations.
The prints have been rehung in the library with
fram ing securing their long-term preservation.
Following a successful application for l i5ted
build ing consent, hanging rails will be installed in
the key rooms of the Manor to showcase exciting
work by contemporary artists. We a150 installed
the necessary equipment to track and manage the
environmental conditions ir) the Manor to improve
conservation and enable future loans and
acgu Isltions.
One oftheten Willa Ne9roni Prints

Pitzhanger Manor & Gallery Trust
SERIOUS INCIDENT
In the year the Board made a serious incident report to the Charity Commission regarding the conduct
of a TrLJStee. The Charty Commission were satisfied with the steps that had been taken to address the
issue.
FUTURE PLANS
Afocus for the year ahead will be to continue to offer a varied programme of exhibitions working with
diverse artists to attract a wider aud ience. Secured artists inclu de Id ris Khan and Annie Morris and
emerging artist Alice Irwin (whose works will provide a particular focus for SEN schools). The
unannounced progrèmme includes artists from diverse backgrounds and working in diffèrent media,
making for a varied programme. In the Manor we will introduce a new programme of rotating
exhibitions in the bedroom "Soane Gallery" space. This will launch with works by local Acton youth
history and arts group, Descendants, a partnership we aim to build in future. This will be followed by a
display of photographs from celebrated photographic agency Magnum of artists in their Studios, a
fitting theme to be staged in what was effectively Soane's studio.
We will continue with our plans to animate the Manor's reception rooms with new temporary displays of
contemporary and historic artwork. These will launch in J une 2023 with a special d isplay of the Villa
Negroni prints, alongside contemporary works by architect and print maker Erin O'Keefe. We are also
delighted to have secLJred a loan from the Sir John Soane Museum of Soane's Model of anActon Willa,
1800 (the building that eventually became Pitzhangerl.
Fundralslng
Fundraising is undertaken by a Small in-house development team with the input and review from the
Fundra ising G rou p la sub-committee of the Board). The Trust is registered with the Fundraising
Regulator whose Code of Fundraising Practice and Fundraising Promise set a standard for fundraising
activity in the UK.
Fundraising strategy focuses on securing support via statutory funders, charitable trusts and
fou ndations, corporates and individuals, selecting the most appropriate source of funding for each
project for which support is being sought In the year to 31 March 2023 the main fundraising focus was
securing supportfor our exhibitions and education programme.
Pitthanger takes a considered approach to fu ndraising ensuring that we comply with regulations and
guidance related to data protection and the protection of vulnerable people, that communications are
not excessive or intrusive and that the individuals we contact do not feel under any undue pressure to
donate.
When fundraising is carried out on behalf of Pitzhanger it is with a small group of trusted supporters who
promote Pitzhanger through their personal and professional connections. Pitzhanger works closely with
these partners to ensure their approach consistently meets the high standards of the museum's own

Pitthanger Manor & GalleryTrust
fundraisin9.
The Trust has received no complaints about its fundraising activities12022: nill.
Financlal Review
In the year to 31 March 2023, the Trust incurred a net deficit of £607,87512022.. deficit of £29,747). This
relate5 to a deficit on unrestricted activities of £108,103 and a deficit on restricted activities of £427,772.
The movement from the comparative year reflects payments froTn restricted funds towards the last
elements of the restoration project.
Maln Fundlng Sources
The Trust's operating costs have been supported by a management fee from Ealing Council £427,000
12022.. £427,000), commercial income from visltor admissions £92,627 (2022: £44,264), other trading
income £225,06112022'. £220,408) and unrestricted donations from Trusts and Foundations and
individuals £90,65412022: £387,023). The Trust also received restricted donations of £191,16212022:
£149,970) from a range of Trusts and Fou ndations and individuals mainly in respect of the exhibitions
programme and wayfinding projects. At the end ofthe year, the Trust held reserves of £1.24m12022:
£1 .85 mil lion), of which £404,74012022.. £,832,5181 were restricted, £299,819 were unrestricted12022:
£499,922) and £537,50012022: £517,500) were unrestricted but designated. The restricted reserves
largely relate to the Community Hu b development project. Unrestricted but designated reserves relate
to a sinking fund for future maintenance costs, development of the public programme and general
operational support during thi5 POSt-Covid recovery pgriod.
Investrn•nt P•ll¢y
As mostofthe charity's funds are to bespent intheshortterm, there are nofundsfor long-term investment.
Our fund5 are therefore held in a current account and a short-term deposlt account.
Reserv•s Polky
Prior to the pandemic the Trust adopted a policy of holding three months. core operating costs in
reserve which was equivalent to £250,000. The reserves policy is reviewed as part of the budget
proce55 annually and in 2022.23 the decision was taken to increase the minimum reserve requirement
to 6 months of core operating costs, approximately £500,000. At the end of the year, free reserves
(unrestricted and designated) were £837,000 which the Trustees acknowledge are in exces5 of the
minimum reserve requirement.
Going Con¢•rn
The Charitable Group and Trust's working capital is provided by a combination of its charitable,
fundraising and trading activities. The outbreak of Covid -19 caused significant disruption to the
Charitable Group and Trust'5 activities, resulting in a significant loss of commercial income, and the Trust
is still working to increase both commercial and fundraising income in a challenging economic cl imate.

Pitzhanger Manor & Gallery Trust
The Board has assessed the prospects of the Charitable Group and Trust over the 12 months from the
date of approval of the Annual Report and Financial Statements taking into account its expectations for
future operating activities, fundraising and the risks that the Trust faces. In addition, the Trust has
performed a sensitivity analysis on its forecasts to evaluate a severe but plausible downside scenario on
the bu5ines5 of various operating risks.
Having completed these assessments, the Board has a reasonable expectation thatthe Charitable
Group and Trust has adequate resources to continue in operational existence for the foreseeable future,
being a minimum of 12 months from the date of approval of the financial statements, and thus continues
to adopt the soing concern basis of accounting in preparing the financial statements. The Trustees
note that continued solvent operation bayond the twelve month period will require an increase in
commercial revenues and fundraising support.
Structure. Governance and Management
Truit•• Roles
The Trustees provide wide ranging special 1st support in respect of the operational activities of the Manor
& Gallery, as well as well as helping with fundraising. The Trustees are responsible for the overall
management and control of the Trust incl uding the implementation of policies and meeting their legal,
financial and fiduciary duties under charity law.
Gov•rning Document
The organisation is a charitable company limited by guarantee. incorporated on 1 November 2012, and
registered as a charity on 14 June 2013. The company was established under a Memorandum of
Association that established the objects and powers of the charitable company and is governed under its
Articles ofA5sociation. In the event of the company being wound up members, who are the Trustees, are
required to contribute an amount not exceeding £1.
Rocruitinent and Appolntm•nt of the Trust••$
The directors of the company are also charity Trustees forthe purposes of charity law and under the
companYs articles are known as the TrLJStees. Underthe requirements of the Mèmorandum and Articles
of Association, the Trustees are elected to seNe for a period of three years after which they must be re-
elected at the next Annual General Meeting.
All Trustees give their time voluntarily ar)d receive no benefits from the charity. Any expenses reclaimed
from the charity are set out in Note 9 to the f inancial statements.
Details of the Trustee5 who served at any time since the start of the financial year under report and to the
date of approval of this report are provided at page 13. When Trustees are recruited, the Board identfy
the key skills that are requ ired following which the Trust advertises publ icly for new Trustees. The
process for appointment is that applications are reviewed by the Nominations Committee before
inviting the potential candidates for interview. The selected cand idates are then put forward to the
Board for approval. In addition, up to three additional individuals may be co-opted by the Board.
10

Pitzhanger Manor & Gallery Trust
Trust•• Inductlon and Training
New Trustees receive an information pack that includes the vision, mission and value5 of the
organisation, the current business plan, minutes of recent Trustee Board meetings and details of
organisational structure. In ad dition, new Trustees u ndertake an induction programmg compri5in9 an
introduction to the operations of the Trust presented by the Senior Management Team
Oryani$atlonal Structur•
The charity has a Trustee body that meets regularly throughout the year and is responsible for the
strategic direction and policy of the charity and overseeing governance. The Trust Board Met regularly
during this period, with occasional ad hoc meetings as and when required. Sub-committee member5
comprise a mixture of Trustees, member5 of the Executive and industry professionals who bring valued
Specialist advice.
In addition there are 7 Sub-committees of the Board that met regularly across the year. These are:
Finance Committee
Building and Conservation
Exhibitions and Interpretation
Fu ndra ising
Communications
Learning and Outreach
Nominations and Remuneration Committee (which meets on an ad hoc basis as required.)
K•y M•n•g•m•Trt P•rsonn•l
The Trustees delegate day-to-day management ofthe charity to its executive Director, Clare Gough,
supported by the Senior Management Team which comprises:
Head of Commercial and Operations
Head of Communications
Head of Development
Head of Engagement
Head of Finance
The above group together with the Trustees are considered to be the key management personnel of the
charity.
R•mun•ration Policy
Pay and remuneration of the charities, employees is bench-marked against industry norms and approved
bythe Remuneration Committee, which comprises the Chair, Deputy Chair ancl Director.
Volunt?•r$
In addition to the volunteer Trustees, the Trust ma kes extensive use of volunteers as expert advisors on its
sub.committees listed above and in its operational activitie5 such as invigilating and guiding in the manor
and gallery, assisting in educational activities, gardening, beekeeping and honey production and
grounds maintenance. In the year to March 2023 volunteer 5e5sions, including Trustees, were just short
of4,500.

Pltzhanger Manor & Gallery Trust
Trading Subsidbary
Pitshanger Trading Limited, a wholly owned subsidiary of PMGT, was set up in November 2018 as a
vehicle for the various planned commercial activities such as venue hire ènd catering wh ich forms a
crucial part of the venture's financial sustsinability.
Principal Risks and Unc•rtaintig5
The principal risks specific to Pitshanger Manor & Gallery and its subsidiary are:
Financial sustainability, following the Covid pandemic and external factors such as the cost of
living cris is, increasing operating costs
Shortfal l on visitor targets
Failure to engage with the public regarding the exhibition, public and outreach programme
Damage to the site,. unscheduled maintenance orfailure to meet planned maintenance targets
The Trustees, led by the Chair, examine the major strategic, business, and operational risks that the Trust
faces, and the Trustees ensure that appropriate systems are in place or are planned to mitigate these risks.
Specifically:
The on-going cost of livin9 crisis and continued effect of the Covid pandemic remain a concern
whilst revenues stream are being rebuilt. The Trustees and executive are keeping a close eye on
fina nces with prudent financial management and long-term cashflow pla nning.
The Trust acknowledges that visitor numbors are l ikely to fluctuate for both internal factors (the
exh ibition cycle) and external factors (seasonal factors, weather conditions etcl and also the on-
going impact of the Covid cris is on visitor numbers across venues national ly. The Sen ior
Management Team monitor visitor performance against annual targets on a weekly basis and
these are reported at Board meetings. Adjustments are made to marketing initiatives as
appropriate throughout the year.
The exhibitions, public and outreach programmes are carefully developed and reviewed to
ensure they are sufficiently varied and appealing and have potential to attract new audiences.
The Trust follows a planned maintenance plan that is reviewed on a quarterly basis by the
Building and Conservation Committee. It has an emergency recovery plan.
Approvgd by the Trustees on I'l-12 - 2 3 and signed on their behalf by:
Howell James CBE
Chair
12

Pitzhanger Manor & Gallery Trust
Reference and Administratlve Details
Charity Name
Pitzhanger Manor & Gallery Trust
Charity Registration Number
1152434
Company Registration Number
08278049
Reglstered office and operational address
Pitzhan9er Manor & Gallery Trust
Mattock Lane
London W5 SEQ
Auditor
Buzzacott LLP
130 Wood Street
London EC2V 6DL
Bankers
HSBC
46 The Broadway
London W5 5JR
Legal advisor5
Trowers and Hamlin5
3 Bunhill Row
London EC1Y 8YZ
Trustees during the year and up to the dats of slgnature of the financial statements
Howell James (appointed 28 Feb 2023)
Rob Dickins17 Dec 2021 to 28 Oct 20221
Georgina Nayler
Jon Ball (appointed l O Nov 20221
Harbinder Birdi (to 15 Jul 2022}
Vivianne Cane-Honeysett (to 1 Dec 20221
Rosita Caspersz (to l Jun 20221
Jane Cooper (appointed 21 Jun 20231
Michel Fisher
Somil Goyal (appointed 21 June 20231
Jennifer Gubbins lappointed 1 April 2023)
Sharon Jones (24 May 2022 to 6 Dec 20221
Lorraine Heggessey (to l Jun 20221
Kristian Kaminski (to 6 Dec 2022}
Rachel MacKay
David Millican (to 5 May 20221
Samir Shar Ito 6 Dec 20221
Gareth Shaw
David Snel I (to 8 Sep 2022)
Caroline Worthington
Rosemary Yallop (to 24 May 2022)
Chair
Chair
Deputy Chair
13

Pitzhanger Manor & Gallery Trust
TTu5t Supporters
The Trustees would like to thank the following supporters for their 9enerosity to Pitzhanger Manor &
Gallery Trust in 2022-23.
Sarah Pidgley and the late Tony Pidgely CBE
Sky
The Deborah Loeb Brice Foundation
The London Borough of Ealing
The Sandhu Charitable Organisation
The Santon Group
The TaValo￿a Foundation
The Trust also received very generous sUPPOrt from a wide number of individuals durir)g the period,
whose names are not report8d here, includin9 Its Corporate Supporters, Patron members ofthe Soane
Circle, all Sponsors of a Pane of Glass at Pitzhanger, supporter5 of our Sponsor a Chair and Beam
campaign, all Members and many others for their generosity. The Trust is most grateful to them for their
invaluable support.
14

Pitzhanger Manor & Gallery Trust
ststement of Trustees, R•sponsibllftles
for the year ended 31 March 2023
The Trustees, who are also the directors of Pitthanger Manor & Gallery Trust for the purpose of company
law, are responsible for preparin9 the Trustees, 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 charity and the group and of the the income and expenditure
of the charitable group for that year.
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 Accounting and Reporting by Charities.. Statement of
Recommended Practice1SORPI applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 102)..
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed. subject to any material
departure5 disclosed and explained in the financial statements-. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and the group 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 charity and the grou p and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Each Trustee confirms that:
so far as Trustee is aware, there is no relevant audit information of which the charitable company's
auditor is unaware,. and
each Trustee has taken all the Steps that they ought to have taken in order to make themselves aware
of any relevant audit information and to estsblish that the charitable company's auditor is aware of that
information.
This confirmation 15 given and should be interpreted in accordance with the provisions of $418 of the
Companies Act 2006.
15

Pitzhanger Manor & Gallery Trust
The Trustee5 are responsible for the maintenance and integrity of the corporate and f inanci31 information
included on the charitls website. Legislation in the United Kingdom governing the preparation an
dissemination of financial statements may differ from legislatioii in other jurisdictions.
Approved by the Trustees on 12_12-23 and signed on their behalf by,.
Howell James CBE
Chair
16

Pitzhanger Manor & Gallery Trust
Independent Audltor's Report to the Members of Pitzhanger Manor & Gallery Trust
Opinion
We have audited the financial statements of Pitzhanger Manor & Gallery Trust Ithe'parent chariw) and its
subsidiary Ithe 'group'l for the year ended 31 March 2023 which comprise the consolidated statement of
financial activities, the group and charity balance sheets, the consolidated statement of cash flow5 and the
notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparatiori Is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Fin8ncial Reporting Standard applicable in the
UKand Republic of Ireland IUr)ited Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fa ir view of the state of the grou p's and parent charity's affairs as at 31 March 2023
and of the group's income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnl•n
We conducted our audit in accordance with I nternational Standards on Auditing (UKI IISAS IUKI) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
group in accordance with the ethical requ irements that are relevant to our aud it of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other eth ical responsibil ities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Condusions relatlng to golng conc•rn
In aud iting the financial statements, we have concluded that the Trusteg5' use of the going concern basls
of accounting in the preparation of the financial Statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are
authorized for issue.
Our responsibilities and the responsib ilities of the Trustees with respect to goin9 concern are described
in the relevant sections of this report.
Oih•r informatlon
The Trustees are responsible for the other information contained within the Annual Report and Financial
Statements. The other information comprises the information contained within tho Annual Report and
Financial Statements, other thén the Financial Statements and our auditors report therein. Our opinion
on the financial statement does not cover the other other information and, except to the extent
otherwise explicitly stated in our report, we do no express . Other information any form of assurance
conclusion thereon.
17

Pitzhanger Manor & Gallery Trust
Our responsibility is to read the other information and, in doing so, consider whether the other information
is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or othetwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report thatfact.
We have nothing to report in this regard.
Oplnlons ￿hOr matt•rs pr•xrd)•d by th• Compan1•$ A¢t 2006
In OLJr opinion, based on the work undertaken in the course of our aud it:
the information given in the Trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements,. and
the Trustees, report, which is also the Director5, report for the purposes of company law has been
prepared in accordance with applicable legal requirements.
Matters on whl¢h w• ar• r•quir•d to r•port by •x¢oPtion
In the l ight of the knowledge and understanding of the group and parent charity and their environment
obtained in the course of thè audit, we have not identified material misstatements in the directors, report
included within the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you 'rf, in our opinion..
adequate accounting records have r)ot been kept by the parent charity, or returns adequate for
our aud it have not been received from branches not visited by us., or
the parent charity'5 financial statements are not in agreement with the accounting records and
returns,. or
certain disclosures of trustees, remunoration specified by law are not made; or
we have not received all the ir)formation and explanations we require for our audit,. or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exemptions in preparing the
Trustees, report and from the requirement to prepare a strategic report.
R•sponslbllltles af Trust••$
As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the
directors of the charityfor the purpose of company law, are responsible for the preparation of the financial
statements and for being satisfied that they g ive a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Trustee5 either intend to liquidate the group or parent
charity or to cease operations, or have no realistic alternative but to do so.
18

Pitzhanger Manor & Gallery Trust
Auditorfs r•sponslblllti•s for the audlt of the flnanclal statem•nts
Our objectwes are to obtain reasonable assurance about whether the financial statement5 as a whole are
free from material misstatemen¢ whether due to fraud or error, and to 155ue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
aud it conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Mi55tatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of u5er5 taken on the basis of
these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibil ities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud, is detailed below.
As part of our planning proce5S,'
We enquired of management the systems and controls the charity has in place, the areas of the
financial statgments that are most susceptible to the risk of irregularities and fraud, and whether
there was any known, suspected or alleged fraud. The charity did not inform us of any known,
Suspected or alleged fraud.
We obtained an understanding of the legal and regulatory frameworks applicable to the charity.
We determined that the following were most relevant: Charity SORP, FRS 102, The Charities Act
2011 and The Companies Act 2006.
We considered the incentive5 and opportunities that exist in the company, including the extent of
management bias, which present a potential for irregularities and fraud to be perpetuated, and
tailored our risk assessment accordingly.
Using our knowledge of the charity, together with the discussions held with the charty at the
planning stage, we formed è conclusion on thg risk of misstatement due to irregularities including
fraud and tailored our procedures according to this risk assessm2nL
Enquiring of management as to actual or potential litigations and claims.
The key procedures we undertook to detect irregularities includ ing fraud durin9 the course of the audit
included:
Performing analytical procedures to identify any Unusual or unexpected relationships.
Identifying ar)d testing journal entries and the overall accounting records, in particular those that
were significant and unusual.
Reviewing the financial statement disclosures and determining whether accounting policies have
been appropriately applied.
Assessing the extent of compliance, or lack of, with the relevant laws and regulations.
Assgssing the validity of the classification of income, expenditure, assets and liabilities between
unrestricted, and restricted funds.
Performing a physical verification of key assets.
Documenting and verifying all signrficant related party balances and transactions.
19

Pitzhanger Manor & Gallery Trust
Reviewing documentation, such a5 the charity board minutes, for discussion5 of irregularities
includin9 fraud
There are inherent limitations in our audit procedures described above. The more removed that laws
and regulation5 are from financial transactions, the less likely it is that we would become aware of non-
compl lance. Aud iting standards also limit the aud it procedures required to identify non-compliance with
law5 and regulations to enquiry of the trustees and other management and the inspection of regulatory
and legal correspondence, if any.
Material m isstatements that arise due to fraud can be harder to detect than those that arise from error as
they may involve del iberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
auditors, responsibilities. This description forms part of our auditorfs report.
Us• of our r•port
This report is made solely to the charitable company's members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to
the charitable company's members those matters we are required to state to them in an auditors, report
and for no other purpose. To thefullest extent permitted bylaw, we do notacceptor assume responsibility
to anyone other than the charitable compar)y and the charitable companys members as a body, for our
audit work, for this report, or for the opinions we have formed.
(• ?Z•Ca
Gumayèl Miah (Senior Statutory Auditor)
for and on behalf of Buzzacott LLP, Statutory Auditors
130 Wood Street
London EC2V 6DL
Date.. 20 December 2023
20

Pitthanger Manor & Gallery Trust
Consolidatsd Statement of Financial Actlvitlo5 (including iThcom• and •xp•ndltur• account)
for yoar •nded 31 Marth 2023
Unrestrieted Restricted
Funds
Funds
Total
Funds
Unr$stri¢tèd
Funds
Restricted
Funds
Totsl Funds
Notes
2023
2022
Income..
Dorhations and grants
Charitable activities
Oiher trading
activitie5
Investments
90,654
531,960
191,162
416,932
281,816
948,892
387,023
482,576
149,970
18,846
536,993
501,422
225,061
4,098
225,061
4,098
220,408
536
220,408
536
Totsl Incom8
851,773
608,094 1,459.867
1.090.543
168,816
1,259,359
Expenditure..
Raising funds
Charitable activities
231,335
867,609
41,149
272,484
927,649 1,795,258
260,633
830,384
2.500
195,589
263,133
1,025,973
Total expenditur
1 098 944
968 798 2,067,742
1,091,017
198,089
1,289,106
N•t l•xpondlturo)
Transfer to unreslricted
reserves
1247,1711 1360,7041 (607,8751
14741 129,2731
(29,747>
67,068
167,0681
1180,1031 1427,7721 (607.8751
Net movement Infunds
14741 129,2731
(29,747)
Reconclllatlon of funds
Balances brought forward a5
at 1 April 2022
1,017,422
832,518 1,849,940
1,017,896
861,791
1,879,687
Bal8nces carried
forward at 31 March
2023
19
837,319 404,746
1,242,065
1,017,422
832,518
1,849,940
All income and expenditure relate to continuing activities. All recognised gains and losses are included in the above
statement of financial activities.
The statement of financial activities also cornplie5 Wlth the requirements for an income and expenditure account
under the Companies Act 2006.
21

Pitzhanger Manor & Gallery Trust
Group and Charty B•lan¢• 5h••ts
as at 31 March 2023
Company Regl¥tration Number: 08278049
Group
Charlty
2023
2022
2023
2022
Note
Flx•d assets
Tangible fixed as5et5
Investments
221A59
187,689
221,459
187,689
12
221.459
187,689
221,460
187,690
Current assets
Stocks
Debtors
Cash at bank
13
28,897
546,527
1,156,583
1,732,007
30,251
328,417
1,641,737
14
605,186
961,479
1.566,665
381,655
1,479,150
2,000 405
1,860,805
Creditors.. amounts falling due within
one year
(711,401) 1338,1541
(630,353)
1277,1431
Not current asgets
1,020.606
1662 251
936.312
1 583 662
Nat ass•ts
1.242.065
1,849,940
1,157,772
1,771,352
Funds
Unrestricted funds
-unrestricted
-des1gnated
Restricted funds
299,819
537,500
404,746
499,922
517,500
832,518
215,526
537,$00
404,746
421,334
517,500
832,518
Total funds
1,242,065
1,849,940
1.157,772
1,771,352
Approved by the Trustees on 11-12 - 2 2 and signed orn their behalf by
Howèll James CBE, Chair
22

Pitzhanger Manor & Gallery Trust
Consolidated stst•ment of Cash Flows
for the y•ar •ndad 31 Marth 2023
Group
2023
Group
2022
Notes
Cash (u50d In) / provld•d by operatlng actMtlo$
(441.362)
147,602
Cash flows from Investlng actlvltl•J
Interest received
Purchase of fixed assets
4.098
(47,890)
536
1171.4471
Cash (used in) Investlng actlvhles
(43,792)
1170,9111
DecreaBe in ca8h and cash equlval•nts In year
(485,154)
123,3091
Cash and cash equivalents at beginning of year
1,641,737
1,665,046
Totsl cash and cash equlval•nts at end of y•ar
1.156,583
1,641,737
23

Pitzhanger Manor & Gallery Trust
Notss to the Financial Ststements for the year ended 31 March 2023
Accounting Policies
The main accounting policies are summarised below. The accounting policiès have been applied
consistently ihroughoLrt the period.
la)
Company Inft>rmatlon
Pitshanger Manor & Gallery Trust15 a charitable company limited by guarantee incorporated in England
and Wales. The registered office is Mattock Lane, Ealing, London W5 SEQ.
Ib)
Accountlng cOn￿ntIon
The financial statements havè been prepared in accordance with ihe Compariies Act 2D06, the Charities
Act 2011 and"Accounting and Reporting by Charities.. Statemènt of Recommended Practice applicable
to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 The charity is a Publ ic Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterlin9, which is the functional currency of the charity.
Monetary arnounts in these financial statements are rounded to the nearest £.
The group financial statements reflect the results and combi ned financial position of Pitzhanger Manor
& Gallery Trust and Pitzhan9er Trading Limited. As permitted by s408 of the Companies Act 2006, thè
parent charitable company has not presènted its own income and expenditure account and related
notes.
(cl
Golng Concèrn
As set out in the Financial Review, the Board has assessed the prospects of the Charitable Group and
Trust ovèr thé 12 months from the date of approval of the Annual Report arnd Financial Statements
taking into account its expectations for future operating activities, fundraising and the risks that the Trust
faces.
Having completed these assessment5, the Board has not identilied any material uncertainties which
may cast doubt over the chanty's ability to continu8 as a going concern and has a reasonable
expectation that the Charitable Group and TrLJSt has adequate resources to continue in operational
existence for the foreseeable future, being a minimum of 12 months from the date of approval of the
Finar)cial Stalemernts. Therefore the Board corntinuos to adopt the going concern basi5 of accountirhg
in preparing the financial statèments.
(dl
Fund accounting
Unreslricted funds are available for use at the discretion of the Trustees in furtherance of thè general
objectives of the charity. The Trustees may designate a51 or part of the unrestricted reserves for specific
purposes.
Restricted funds arè subjecied to restrictions on their expenditure imposed by the donor or through
the terms Of an appeal.
le)
Incoma
All irncome is recognised OT)ce the charity has entitlement to the income, it is prtsbable that the income
will be received, arid the amo¢Jnt of income can be measured reliably.
24

Pitzhanger Manor & Gallery Trust
Income from grants and donations is recognised when there is evidence of entitlement, receipt is
probable, and the amount can be measured reliably. Contractual and tradirng income is recogni5ed as
income to the extent that the associated goods or services have been provided. Where income is
received in advance and the charity does not have entiilement to thèse resources until the goods or
services have been provided, the income is deferred. Intèregl on funds held on deposit is included
when receivable and the arnour)t can be measured reliably by the charity. This is normally upon
notification of the interest paid or payable by the bank.
(fj
Expenditure
Expenditure 15 recognised on an accrual basis a5 a liability is incurrèd. Expenditure includes any VAT
which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Raising funds comprise cost5 of market research, communication and raising funds. Charitable
expenditure comprises the direct C05t5 incurred by the charty in the delivery of its activities such as
outreach, along with support and governance costs. GoverT)ance costs include those costs associated
with meeting the constitutional and statutory requirements of the charity and include the costs of the
independent auditor and costs linked to the management ofthe charity.
(gl
Donatlons ofvolunteertlme
In accordance with the Charities SORP volunteer time is not recogni5ed.
(h)
Donatlons of goods for resale
The Trust 15 in receipt of regular donations of Small items for resale in the retail shop. In accordance
with the Charities SORP these are recognised as income when sold, The proceeds of sale are
categorised as Retail Sale5 in Income from other trading activities.
Tangibl• flx•d a55ets and deprociatlon
Tangible fixed assets costing more than £500 are capitalised and depreciated over their estimated
useful live5.
Depreciation is provided at rates calculated to write down the cost of each assetto it5 estimated residual
value over its expected useful life. The depreciation rales in use are..
Fixtures. fitti ngs and equipment
3-5 years
(il
Leasehold Improv8mants and amcrtlsatlon
Leasehold Improvement5 Costing more than £500 are capitalised and amortised over their estimated
Useful life.
Amortisation commence5 from the date the Leasehold Improvement5 are brought into use to the end
of the loase on 15 March 2044.
Ikl
Flnancial Instrum•nts
The Charity has elected to apply thè provisions of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues, of FRS 102 to all of 115 financial instrument5.
The Charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial
25

Pitzhanger Manor & Gallery Trust
instruments. Basic financial instruments are initially recognised at transaction value and Subsequently
measured at their settlement value.
Bank
Cash at bank includes balances in the current accoLJnt and short-term deposit account that can be
accessed immediately.
{ml
Taxatlon
As a charity, Pitzhanger Manor & Gallery Trust is exempt from tax on income and gains falling within
section 505 of the Taxes Act 1988 or S.256 ofthe Taxation of Chargeable Gains Act 1992 to the externt
that these are applied to its charitable objects.
Inl
Inv•8tmènts In Subsidiarles
Investment irn Pitzhanger Trading Limited, a wholly owned trading subsidiary of Pitzhanger Mantsr &
Gallery Trust, is at C05t.
Im) Stocks
Stock relate5 to items held in the shop at year end and are recorded at the lower of cost and net
realisable value.
Inl Critical accountlng estlmatw and Judgements
The Trustees are satisfied that there are no significant estimates orjudgoments included in the financial
statements.
26

Pitzhanger Manor & Gallery Trust
2 Income from donations and grants
2023
Total
2022
Total
Unrestricted Restrict8d
Unrestrirted
Rgstriaed
Trusts and foundations
Individual and corporate
donations
Government Furlough Grant
166,164
166,164
274,933
137.632 412,565
90,654
24,998
115,652
106,450
5,640
387,023
12,338
118.788
90,654
191,162
281,816
149,970 563,993
3 Income from charitsble activities
2023
Tctsl
2022
Total
Unr85tTiCted Restrirt*d
Unre#rict¢d
Rostricted
Ealing Council - Management
fee
Ealing Council HLF
Qutreach
House admi5sion5
Other
427,000
427.000
427,000
427,000
416,932
416,932
92,627
12.333
948,892
18.846
18,846
44,264
11.312
18,846 501,422
92,627
12.333
531.960 416,932
44,264
11.312
482,576
The Trust has only one charitable activity.. the Operation of Pitzhanger Manor House and Gallery.
4 Other trading activities
2023
Totsl
2022
Totsl
Unrèstrict8d Restrictgd
Unr¢stricred
Restricted
Catering commissions
Retail sales
Venue hire
Fundraising events
50,837
23,585
123,630
27,009
225,061
50,837
23,585
123,630
27,009
225,061
80,954
21,421
115,446
2,587
220,408
80,954
21,421
115,446
2,587
220,408
27

Pitzhanger Manor & Gallery Trust
5 Ralslng funds
2023
Total
2022
Totsl
Unrestritted Restricted
Unrestritted Restricted
Staff costs
Development and
fundraising
Marketing
Trading expenditure
123,850
123,850
110,098
110,098
6,423
64,941
36,121
231,335
6A23
106.090
36.121
272,484
39,191
51,533
59,811
260,633
1,250
1,250
40.441
52,783
59,811
263,133
41,149
41,149
2.500
6 Charltabl8 activitieB
2023
Totsl
2022
Tot41
Unrestricted
Restricted
Unr¢5tricLed
Re*rirted
Contribution to restoratio
project
Estate management
Exhibitions and curatorial
costs
Education
Support cost5
Governance
566,932
133,336
566,932
348,408
215,072
197,114
80,042
277,156
55,828
106,954
456,604
33,151
867,609
109,725
97,683
19,973
165,553
204,637
476,577
33,151
1,795.258
81,221
72,601
452,679
26,769
830,384
85,076
28,597
1,874
166.297
101.198
454,553
26,769
195,589 1,025.973
927,649
The Trust ha5 only one charilable activity.. the Operation of Pitzhanger Manor House and Gallery.
7 Support costs
2023
Totsl
2022
Unrestricted Restricted
Unrestricted Restricted
Total
Staff cost5
Office costs
352,836
103,768
456,604
1,572 354,408
18,401 122,169
19,973 476,577
374,365
78,314
452,679
1,874 376,239
78,314
1,874 454,553
8 Governance costs
2023
Totsl
2022
Total
Unrestricted Restricted
Unrestricted Restricted
Audit and tax advice
Insurance, legal and
professional fees
15,440
15,440
14,656
14,656
17,711
17,711
12,113
12.114
33,151
33,151
26,769
26,769
28

Pitzhanger Manor & Gallery Trust
Nel expenditure 15 stated after charging £15,44012022'. £14,656) audit and tax advice fee and £14.12012022..
£2,210) depreciation.
9 Tru¥(ee Remuneration and Related Party Transactions
No Trustee lor any person connectèd with them) received any remuneration during the year. Reimbursed
Trustee expenses totalled £5112022.. £2811. £70112022.. £6811 was expended in respect of professional
indemnity insurance for the Trustees. The Trustee5 land people connected with them) contributed £2.668
12022.. £7,719) during the year by way of individual arnd corporate donations.
10 Stsff costs and rernuneration of key management personnel
The average headcount of employee5 (many of whom were part-timel during the yèar wa5 1812022 - 191
with all employees cor)tributing to the goverr)ance ol thè charity or working towards achievement of
charitable activities or other trading activities. The Tru5tee5 delegate key managemenl responsibilities to
the Executive Director supported by thé Senior Management Team. The total employee benefits, including
employer pension contributions, of the Executive Director and the Senior Management Team was £296,068
12022.. £244,861)
Employment costs
2023
2022
Wages and salaries
Social security costs
Pension costs
496,557 466.468
48,440
36,138
24,566
21,645
569,563 524,251
Most employment costs are allocated to unrestricted funds, though some costs were lunded from restricted
fund5, These include a proportion of the costs of the Education and Outreach team funded by the National
Lottery Heritage Fund, and some c05ts relatir)g to exhibitions and education activities funded by Historic
England, Arts Council and the Art Fund.
The nijmber of employees whose annual remuneration was £60,000 or more was..
2023
2022
£60,000- £69,999
Pension contributions in respect of higher paid employees were £3,44412022.. £3,315)
29

Pitzhanger Manor & Gallery Trust
11 Tangible Fixed Assets
Group and Charity
Flxtures,
Flttlngs and
Equlpmént
Leasehold
Improvements
Totsl
As at 1 April 2022
Additions
As at 31 March 2023
175,676
14,797
10.315
25,112
190,473
213,251
238,363
DeproCiatlon/Amortlzatlon
As at 1 April 2022
Charge for the year
As at 31 March 2023
2,784
2,784
14,120
16,904
10.155
10,155
Net bookvalue
As at 31 March 2023
As at1 April 2022
203.096
175,676
18.363
12,103
221,459
187,689
All ofthe above assets are used for charitable purpose5.
12 Fbxèd asset investrnents
Group
Charity
2023
2023
2022
2022
Investments in subsidiaries
Details of the charity's subsidiary at 31 March 2023 are as follow5..
N•m• ofufvderta￿ng And county of
IncpFporatk*n or rwld•ncy
N&tsre of8ugln•
Cla8&of
Shar8hokllng
% H•ld
dlr•et
Pitzhanger Trading Limitèd, England
and Wales (Company no.'116997291
Registered office.. Walpole Parl Mattock
Lane, London W5 SEQ
Catering, retail. and
vènue hire
Ordinary
100%
All profits of the trading company are gift-aided to th& parent charity. The net asset5 OF Pitzhanger Trading
Company IPTLI at the end ofthis period are £84,29512022- £78,590). In the yèar to 31 March 2023 PTL had
income of £198.052 12022.. £217,819), expenditure of £112,34712022.. £139,2291 and net profit of £85,705
12022.. £78,590).

Pitzhanger Manor & Gallery Trust
13 Stocks
Group
Charlty
2023
2022
2023
2022
Good5 for resale
28,897
30,251
14
Debtors
Group
Charty
2023
2022
2023
2022
Amounts falling due wlthln one year:
Trade debtors
Amount due from group undertaking
Other debtors
Prepayments and accrued income
38,442
24,821
1,018
47.629
510,633
12.734
572.014
1,949
47,629
250,392
48,514
348,484
495,1)48
13.037
546,527
251,887
51,709
328,417
Amountsfalllng due afteronayear:
Loan to group undertaking
33,172
33.172
Total Debtors
546,527
328,417
605,186
381,655
The loan has a 25 year term, repayable on l March 2044. Interest is payable at the LIBOR rate appropriate
to the period.
15 Creditors: amounts falllng due within one year
Group
Chawlty
2023
2022
2023
2022
Trade creditors
Other creditors
Accruals and deferred income
31,928
566,932
112.541
711.401
79,332
29.192
566,932
34,229
630,353
77,038
258,822
338,154
2DD,105
277,143
Other creditor5 relatÈ5 to sum5 raised for the capital restoration project. Total delerred income at the year-end
amounted to £79,520 12022.. £184,9421. This amount represents income relating to advance membership sale5
and private hire events that will take place in the next financial year.
31

Pitzhanger Manor & Gallery Trust
16 Deslgnatsd Funds
At 1 Aprll
2022
Naw
de8ignatlons
utl11s￿ l At31 March
released
2023
Designated fund5
517,500
30,000
537,500
Designated funds relate to a long-term sin king fund for future maintenance costs, development of the
public programme and general operational support d uring this post-covid recovery period. It is
nticipated that reserves designated to support futurè operating costs will be drawn upon from 2023-24.
17 Restrirted Income Funds
Transfer to
unrestrlrtpd At 31 March
funds
2023
At 1 April
2022
Incomo
Expenditure
R•strlrted funds
The Restoration project
Lodge renovation project
Walpole Friends
Alan Baxter Fund
Education fund
Exhibition programme
The Wild Escape
John Lyons Charity
Wayfinding projects
Collertion management
Totsl restrlct•d funds
541,518
268,609
19,262
2.629
500
416,932
1811,9591
110,1551
167,0681
79.423
258,454
19,262
7,550
500
7,000
12,D791
139,998
2,664
4,000
25,000
12,500
608,094
1139,9981
16071
14,0001
2.057
25,000
12.500
404,746
832,518
1968,7981
167,0681
The Restoration Project relates to funds raised in respect of the restoration and redevelopment of
Pitzhanger Manor and Gallery,
The Lodge Renovation fund relates to a discrete capital project to construct a new Volunteer and
Community Space next to the Trust's office in the Lodge building.
Walpole Friends relates to funds for conservation and othèr at the Friènds, discretion.
The Alan Baxter Fund 5UPPOrts our Architecture in Schools programme.
The Wild Escape relates to educational activities surrounding the reintroduction of beavers to the wild
The John Lyon5 Charity funded our Summer School workshops.
Funds for wayfinding project5 are for future enhancement of street signage and direction to the manor
Collection managèment relate5 to the reframing and hanging of the Villa Negroni prints ar)d creation of
suitable environmental conditions.
The Education fund is for education materials.
32

Pitzhanger Manor & Gallery Trust
Restrlcted Funds {comparalive y•arl
At 1 Aprfl
2021
At31 March
2022
Incom•
Ev￿nd￿ur•
Restrfct8d fund5
The Restoration project
Lodge renovation project
London Borough of Earing Ioutreackkl
Historic England
General education fund
Alan Baxter Fund
Lawrence Geller Fund
597,726
181,391
5,000
90,000
18,846
2,632
161,2081
12,7821
118,8461
143,8631
541.518
268.609
41,231
500
2,629
3,000
500
2,629
13,0001
17,3381
130,0001
115,0001
Individual donors
7,338
Art Fund
30,000
LBE Culture Fund
15,000
Walpole Friends
T<>tsl restricted fiJnd8
35,314
861,791
116,0521
1198,0891
19,262
832,518
168,816
18 Reconciliation of net movement in funds to net cash flow from operatlng activities
Group
2023
Group
2022
Net movement in funds
Add.. Depreciation
Deduct.. interest income shown in invesiing activitios
Decrease / lincreasél in stock
Ilncreasel in debtors
Increase in creditor5
Net cash (used In) / provlded by operatlng acllvltigs
(607.875)
14,120
14,098)
1,354
(218.110)
373,247
1441,3621
129,7471
2,210
15361
14,5381
110,7281
190,941
147,602
19 Analysis of net assets between funds
2023
T¢Jtal
2022
Total
Unrestricted Restricted
Unrestricted Restricted
Fund balances at 31 March
2023 are represented by..
Fixed asset5
Net current assets
18,363
818,956
837,319
203,096
221,459
201,650 1,020.606
404,746 1,242,065
24,372
993,050
1 017422
163,317
699,201
832,518
187,689
1.692.251
1,849.940
33

Pitzhanger Manor & Gallery Trust
20 Analysls of changes in not fund81(debt)
The group had no debt inthe year.
21 Operating Lease
The Trust operates Pitzhanger Manor House and Gallery under a 25 year lease expiring on 25 March 2044. Lease
payments due under the lease are a peppercorn.