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2022-12-31-accounts

Charity Registration Number: 1064818

Company Registration Number: 3188162 (England and Wales)

THE CATHEDRAL ARCHER PROJECT LIMITED

REPORTS AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

THE CATHEDRAL ARCHER PROJECT LIMITED

CONTENTS

Page
Legal and administrative information 1
Trustees’ annual report 2
Independent examiner’s report 13
Consolidated statement of financial activities 14
Balance sheets 15
Statement of cash flows 16
Notes to the financial statements 17

THE CATHEDRAL ARCHER PROJECT LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Directors / Trustees

Ian Brownlee Resigned 25 May 2023 Stephen Kober Neil Riley (Chair) Surriya Falconer Karl Dalgleish Richard Taylor Dan Brookman Appointed 27 January 2022 Fran Joel Appointed 27 January 2022 Kevin Rhone Appointed 27 January 2022 John Roberts Appointed 27 January 2022 Charlotte Shepherd Appointed 24 November 2022

Chief Executive Officer

Tim Renshaw

Registered Office

Cathedral of St Peter & St Paul Church Street Sheffield S1 1HA

Independent Examiner

Nicola Adams ACA DChA BHP LLP 2 Rutland Park Sheffield S10 2PD

Bankers

Nat West Bank Plc Co-operative Bank Plc Barclays Bank Plc 42 High Street 60-62 Pinstone Street 10-12 Pinstone Street Sheffield Sheffield Sheffield S1 1QG S1 2HN S1 2HN

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees and Directors present their report and the independently examined financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 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 published in October 2019.

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

The Cathedral Archer Project Limited is governed by its Articles of Association and is incorporated as a company limited by guarantee. The term “Archer Project” is the working name of The Cathedral Archer Project Limited.

The Trustees' report serves the purposes of both a trustees' report and a directors' report under company law.

Introduction

The Archer Project is a team, a space and a hub designed to provide services for people who are homeless, have been homeless or are threatened with homelessness. We provide a number of services designed to help people move away from homelessness. We believe the end of homelessness should have new opportunities for a satisfying life, whatever that may mean to the individuals who are building a new life. We hope that includes good health and wellbeing, a home that is enjoyed and the chance to take part in the wider society whether that is through employment, belonging to groups and/or giving time as a volunteer. These are the things we look at to measure how successful we are at supporting people.

We are not a stand-alone service. By that we mean that we are much more effective in achieving our aims by working with other similarly skilled services. Our centre is better described as a hub which is open to other organisations to come and use. In 2022 we worked alongside health professionals, mental health professionals, housing providers, probation officers, drug and alcohol treatment services and teams who, like us, work to bring all those specialisms together to help one person at a time to change their life.

Working with other professional services helps to improve our work. For example, learning from probation services to improve the management of risk and learning more about co-production systems from Flourish.

As with most homeless agencies, we follow a Trauma Informed methodology. In brief this means we assume that most people who become street homeless are survivors of childhood trauma or Post Traumatic Stress Disorder (PTSD) and that their experience of trauma has had a profound impact on their lives. The multiagency approach is touched on again later.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Being Trauma Informed means that we have designed the way we work and the spaces we use to avoid, as much as possible, adding to the trauma people have already experienced. The really important thing about working in a Trauma Informed way is that it increases the chances of supporting people who are homeless to change their life patterns and realise their strengths and skills to lead a much richer and fuller life than most dared to dream about.

In 2022 we maintained a shop in Meadowhall to sell goods produced in our Printed By Us social enterprise and set up a shop in Orchard Square. Our Peer Mentoring Programme started employing two individuals previously employed through our social enterprises. One of the two peer mentors applied for and gained employment with the Framework Rough Sleeper Outreach Team. The peer mentor programme strengthens the work we do to help people moving away from homelessness. The plans for the rebuild of the project were further developed.

Structure and Governance of the Archer Project

All parts of the Archer Project are important; those people who are or have been homeless and who benefit from our service are also the people who help us run it and design in improvements to the way we work. Our staff team is made up of volunteers and employees, all of whom undertake training and many of whom give feedback in one way or another to help us deliver a better service. Our trustees are appointed because we believe they have particular skills, gifts and values that will bear fruit and improve the way we run the charity. Equally important are those who support us with gifts, donations and encouragement, without whom there would be no service to offer.

The trustees perform skills audits and discuss skills gaps. Appointments are made following a) advertisements for potential trustees with skills that have been identified as needed b) on occasions when individuals with sought after skills have made their desire to be considered as a trustee known to the board of trustees.

Potential trustees receive our Trustee and Director Handbook, updated annually, which details the responsibilities and commitments of trustees and directors, training packages, an organigram with contacts for participation in the projects activities. This allows visits and shadowing of the staff team. On appointment Trustees complete an induction process with the Administration Manager. The Chair of Trustees meets with all trustees to identify training needs and how their skills are being and might be used to fulfil the role of trusteeship, and personal satisfaction in fulfilling their role.

Trustees and Directors

Our trustees have the task of ensuring the charity operates within the bounds of the law to deliver its purpose which is set out in its Articles of Association. The Archer Project’s governance structure is in line with the requirements of both the Charity Commission and Companies House. All of the trustees are members of the company and guarantee to contribute £20 in the event of a winding up.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees meet as a full board six times per year. They delegate aspects of their overall responsibilities and interests to sub-committees and working groups. In 2022 these were:

The Chair of Trustees chairs a remuneration committee to review and set the salary of the Chief Executive Officer. The salary is benchmarked against similar sized and structured organisations. The Chair of Trustees meets monthly with the Chief Executive Officer to review the performance of the charity and any identified risks.

The HR committee also acts as a Remuneration committee to review the salary of the CEO on an annual basis. On those occasions, the Chair of the Project leads the discussion and makes a recommendation to the Board. The CEO receives cost of living pay increases in line with such increases to all paid staff.

Risks are identified by the use of a risk register which is reviewed by both the Finance and Human Resources and Operational Policy Committees. Any risks of concern are taken to meetings of the full board of trustees.

Trustees are asked to contribute to at least one of these committees or groups alongside regular attendance at full board meetings. In addition, most find ways in which they can take part in the work of the project, volunteering in our kitchen or supporting the development of skills in aspects of the project or working behind the scenes to improve administrative or financial processes. We undertake skills gap analysis against perceived skills needs when appointing trustees. The skills trustees bring to their role include marketing and public relations, sales, economic research and evaluation, finance management, human resources management, legal, management within private enterprise, public sector and voluntary sector, knowledge of Sheffield’s business and public sector systems.

The Trustees delegate the responsibility of day to day running of the project to the Chief Executive Officer. The Chief Executive Officer works with a senior leadership team to coordinate the delivery of operations, administration, fundraising, financial management. The CEO works with the Managing Director of Archer Project Enterprises to manage the day to day responsibilities of Archer Project Enterprises.

In 2022 the trustees focused on strengthening the governance of its social enterprises. Archer Project Enterprises Ltd is a trading arm of the Archer Project and offers some different governance challenges to that of the charity. The new Directors appointed to the board of Archer Project Enterprises Ltd were in place early in 2022. The directors were recruited for their financial, marketing and other business skills.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Why we are here

The charity’s objects are the relief of poverty within Sheffield City Centre and the sub-region, with particular focus on and concern for those people who are homeless or otherwise experiencing housing difficulties due to their poverty. We believe everybody has a right to a fulfilling and enjoyable life and that there are some important things we do to help people achieve this.

Public benefit

In setting the objectives and planning the activities the directors have given careful consideration to the Charity Commission’s general guidance on public benefit. Public benefit is an essential part of what it is to be a charity. But it is more than a legal requirement. It provides us with a positive opportunity to demonstrate the benefits we bring to the public, in return for the financial and other benefits that come from us being a charity. These include:

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The way we work

We provide a progressive pathway from street homelessness to a settled and stable life with paid employment. There is no end to the support we offer so that if someone who has made fantastic progress and is in a settled, productive life experiences a relapse, we remain available to them to support them. For example, if a person returns to drug use and it builds to an addiction, we will support them as they tackle the addiction, with the intention that we can prevent them losing all the good things they have gained, their home, their sense of pride and achievement, their hope of a stable life.

The pathway is three overlapping streams of support.

----- Start of picture text -----
•Engagement transition •Fulfilment
•Supporting people who are part of •Building a settled life with the
street culture to build routines and rewards of paid employment and
•Stabilisation
establish relationships of trust. volunteering. Accommodation is a
•Supporting people to strengthen 'home', health issues are addressed
routines and enjoy positive activities. and nobody associates you with
We expect to see improvements in homelessness.
health and accommodation and
interest in new things.
transition transition
----- End of picture text -----

Throughout the whole journey we are looking for signs that people’s lives are improving in a balanced way because this is most likely to be sustainable progress. So, we measure improvements in accommodation, changes in the way people think about their health and wellbeing and the way people think about their lives as a member of society. When a person’s life is dominated by trying to survive on the street, basic accommodation is an improvement but as they progress the type of accommodation becomes more important, including where that accommodation is and who their neighbours are and how comfortably and homely the accommodation feels. These changes evidence the progress made. We can follow similar journeys in the way people look at their health and the way they think about their life as a member of society.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Our three overlapping streams are:

Engagement : we work with people whose lives are marked by the need to survive day to day. The quote below illustrates the lack of self-worth and hopelessness some the people we work with can initially feel.

Engagement is about giving people space to get to know and trust us and the other services who use our centre. Listening, accepting, and trying to understand are the tools we use. This is the heart of Trauma Informed ways of working, building the relationship that allows someone to think that a different life could be possible.

Stabilisation: When people have some basic routines and life patterns, we can build on them. This may be as simple as someone showing a desire to meet with a particular professional by always attending their meetings, or turning up at the project at the same time every day to use particular services like the shower or nursing clinic.

‘I always thought, tomorrow’s another day. That light in that darkness was fundamentally, one hundred percent, only present as a result of The Archer Project. Knowing that I would be able to not have to spend money on food, clothes, washing…it’s a rock. In between all the torture and the tornados that you go through being homeless, it’s an anchor.’ A formerly homeless man who has become a kitchen volunteer to add meaning and purpose as he builds a new life.

Fulfilment : Our aim is to give people the opportunity to feel a sense of fulfilment and success. At the Archer Project this includes the opportunity of paid employment. Alongside healthy living activities and good accommodation, employment has the power to build esteem and new aspirations.

“What would I give the Archer Project out of ten? Me, personally, I’d give it ten out of ten because it changed my life. I wouldn’t be in the position I am now without it.”

Multi-agency approach

We mentioned the importance of the multi-agency approach and described the Archer Project as a hub. Alongside its team of volunteers and employees, professionals from other organisations of various disciplines use the project to meet and work with people. This reflects Sheffield’s wider multi-agency approach working with homeless populations. It is a recognition of the complexity of homelessness, and that its victims frequently suffer from mental health issues, childhood trauma, PTSD, acquired brain injuries and, as a result, need support to tackle multiple barriers if they are to build a sustainable settled life.

The organisations who use the Archer Project include medical services, mental health services, accommodation support workers, probation staff and alcohol and drug treatment services.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Archer Project and most other services who use the project work in a Trauma Informed way. The recognition that childhood trauma and PTSD are among the biggest causes of homeless lifestyles has led to a focus on training and development that understands how trauma affects a person’s physical and mental development and the ways in which trauma can be addressed.

Archer Project Enterprises Ltd (APE)

Archer Project Enterprises Limited is a wholly owned trading company of the Cathedral Archer Project Limited. We created social enterprises to help people with a history of homelessness or the risk of future homelessness into employment. Our enterprises are:

Printed By Us. We employ people to print, sell and manage the logistics of an environmentally friendly printing business www.printedbyus.org. We buy designs from graphic designers and artists local to us in the Sheffield area. These designs are made into high-quality screen-printed posters as well as printed on to t-shirts, hoodies and other items of clothing and onto mugs.

We employ people who are formerly homeless in printing, selling, processing on-line orders, marketing and organisational planning.

Printed By Us was transferred from the Cathedral Archer Project Limited to Archer Project Enterprises Ltd in 2021.

Cleaning. We employ people to provide commercial cleaning services at various venues throughout Sheffield.

Catering. We work with the social enterprise Blend Kitchen (www.blendkitchen.co.uk) to give people access to employment in the catering industry.

All of our employees are paid at the National Living Wage Foundation minimum wage level or above.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Future Plans

In 2023 the Archer Project will:

Financial Review

In 2020 the Archer Project had received an unprecedented level of financial support. Covid related funds and public support for frontline services that remained active delivering services to vulnerable groups during the lockdown periods provided a year when our funds increased. 2021 was a second year of covid with greater insecurities for both trust funds and the general public. Further, the change in work patterns and further periods of lockdown meant that corporate donations and their ability to support fundraising events was reduced.

In 2022 we further improved the skill set of our fundraising team to deliver against targets of grant income, fundraising events and donations. Our events are sensitive to the highest donation income periods of the year and we expect the fourth quarter each year to deliver the highest income from donations.

Risk factors

  1. The economic crisis (2022) remains a threat.

  2. a. More people with low incomes are struggling with household costs and relying on charitable support. The Archer Project is experiencing an increase in demand for its services.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The funding team will continually review its strategic approach to focus or re-focus its work on activities that help us achieve the income needed to meet the costs of delivering our services.

  1. Investment into homeless related services in Sheffield by central government has increased since 2020. In the next two years some of this investment will have reached the end of its funding period. Without repeat funding or similar follow on programmes we will see a reduction in frontline staffing across the sector in Sheffield and an increased reliance on third sector provision. This is likely to increase the demand to use The Archer Project and to impact on the city centre environment.

  2. The Archer Project has invested in redesigning its centre to deliver better outcomes for people who have experienced homelessness following the arson attack in May 2020. This is a whole programme of work, including a major fundraising effort, over and above the work of the Archer Project. The trustees have delegated the work to a working group of trustees and the CEO to ensure the scheme is realistic, wellplanned, accurately costed, and will not impede the fund-raising work to deliver the projects services. The project has a dedicated fundraiser from June 2023.

The proposed plans will improve the way the centre can deliver outcomes by using space differently in line with trauma informed ways of working. It is estimated that the Archer Project will need to raise between £1.5 and £2 million to deliver the scheme. The working group has undertaken a cost benefit analysis which shows that for every one pound it spends on services for homeless adults there is a public sector cost impact of £3.20. In other words, a rebuilt, reconfigured project will provide an effective service in helping Sheffield tackle homelessness; it will add very valuable skills and resources to those services delivered by the local authority and health services.

  1. Archer Project Enterprises Ltd has been established to deliver income generating work in line with the objectives of the Archer Project. It provides employment for people who are formerly homeless or have suffered related vulnerable lifestyles, e.g., have suffered debilitating mental health or addiction with the threat of becoming homeless. Indeed, its primary objective is to support personal progress into employment and the added stability this brings to a settled life. The sustainability of APE Ltd currently depends on support from the Archer Project. This, in turn, places demands on the ability of the Archer Project to raise sufficient income on a dependable basis. To mitigate this, we have strengthened the governance of APE by appointing new directors with skills relating to social enterprises and the growth of small businesses. 2022 was the first year of dedicated and separated governance for APE. The funding team has identified grants related to employment and social enterprises to provide specific support for the programme.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Financial Position

During 2022 the Archer Project group reported a deficit of £68,019 (2021: deficit £117,709). Within this, restricted funds increased by £28,795 (2021: decrease of £11,540) and unrestricted reserves decreased by £96,814 (2021: decrease of £106,169). Total reserves at the end of 2022 are £320,625 (2021: £388,644) with unrestricted reserves of £212,852 (2021: £309,666) carried forward. In common with many other voluntary sector organisations the Archer Project recognises the inherent uncertainty of its funding streams. Our funding team regularly reviews its performance. Flexibility in fund raising work has been particularly important in the past two years to respond to a changing economy and its impact on grant making trusts, donations and government support schemes.

Policy on reserves

The Board has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity (free reserves) should be at a level sufficient to continue the current activities of the Charity in the event of a short-term significant fall in funding. The Board believes three months’ operating costs, currently amounting to £100,000, should be held. At £180,551 the level of free reserves at 31 December 2022 is above the target level. The trustees are aware that funding continues to be unpredictable. Both the Board and the Management continue to develop strategies to increase unrestricted reserves and aim to retain these at an acceptable level.

Going concern

As outlined above, free reserves at the end of the year are above target level. Trustees have undertaken detailed reviews of the areas listed below, and having done so consider that it is correct to prepare accounts on a going concern basis.

Taking all these matters into account we consider that it is appropriate to hold reserves above the target level and it is appropriate to prepare accounts on a going concern basis.

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THE CATHEDRAL ARCHER PROJECT LIMITED

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees’ responsibilities statement

The trustees (who are also directors of The Cathedral Archer Project Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Sep 26, 2023

This report was approved by the Trustees on ……………………….. and signed on their behalf by:

Neil Riley Neil Riley (Sep 26, 2023 15:22 GMT+1) Neil Riley Trustee

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THE CATHEDRAL ARCHER PROJECT LIMITED INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS AND TRUSTEES OF THE CATHEDRAL ARCHER PROJECT LIMITED

I report to the charity trustees on my examination of the consolidated accounts of the group comprising The Cathedral Archer Project “the company” and its subsidiary for the year ended 31 December 2022 which are set out on page 14 to 35.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the consolidated accounts of the Group in accordance with the requirements of the Charities Act 2011 (‘the Act’) and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Charity and the Group are not required by charity law to be audited and have chosen instead to have an independent examination. I report in respect of my examination of the consolidated accounts.

I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Emphasis of matter

I draw attention to note 1.3 in the financial statements which discusses the trustees’ assessment of going concern given the uncertainties around future income generation.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: Sep 26, 2023

Nicola Adams ACA DChA

BHP LLP 2 Rutland Park SHEFFIELD S10 2PD

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THE CATHEDRAL ARCHER PROJECT LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Notes
Funds
Income from:
£
Donations and legacies
4
528,860
Charitable activities
5
3,494
Other trading activities
6
148,893
Investments
7
187
Other income
8
9,240
Total income
690,674
Expenditure on:
Raising funds
9
138,618
Charitable activities
10
390,298
Other trading activities
12
258,572
Total expenditure
787,488
Net (expenditure)/income for the year
(96,814)
Transfers between funds
20
-
Net movement in funds
(96,814)
Reconciliation of funds:
Funds brought forward at 1 January 2022
309,666
Net movement in funds
(96,814)
Funds carried forward at 31 December 2022
212,852		 Restricted
Funds

£
192,780
-
-
-
-
192,780
-
163,985
-
163,985
28,795
-
28,795
78,978
28,795
107,773		 Total
2022
£
721,640
3,494
148,893
187
9,240
883,454
138,618
554,283
258,572
951,473

(68,019)
-
(68,019)
388,644
(68,019)
320,625		 Total
2021
£
610,459
54,936
119,089
22
43,607
828,113
118,704
664,692
162,426
945,822
(117,709)
-
(117,709)
506,353
(117,709)
388,644

The statement of financial activities complies with the requirements of an income and expenditure account under Companies Act 2006 and includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE CATHEDRAL ARCHER PROJECT LIMITED

BALANCE SHEETS AS AT 31 DECEMBER 2022

Notes
Fixed assets
Intangible assets
15
Tangible assets
16
Investments
17
Current assets
Stock
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
one year
19
Net assets
21
Funds
Unrestricted funds
20
Restricted funds
20
Total funds		 GROUP
2022
2021
£
£
4,706
6,695
27,595
23,355
-
-
32,301
30,050
52,596
53,712
165,185
48,594
218,548
410,539
436,329
512,845
(148,005)
(111,027)
288,324
401,818
320,625
431,868
-
(43,224)
320,625
388,644
212,852
309,666
107,773
78,978
320,625
388,644		 CHARITY
2022
2021
£
£
2,400
3,200
18,648
22,313
1
1
21,049
25,514
-
-
238,673
289,100
178,666
212,454
417,339
501,554
(117,763)
(95,200)
299,576
406,354
320,625
431,868
-
(43,224)
320,625
388,644
212,852
309,666
107,773
78,978
320,625
388,644		 CHARITY
2022
2021
£
£
2,400
3,200
18,648
22,313
1
1
21,049
25,514
-
-
238,673
289,100
178,666
212,454
417,339
501,554
(117,763)
(95,200)
299,576
406,354
320,625
431,868
-
(43,224)
320,625
388,644
212,852
309,666
107,773
78,978
320,625
388,644
25,514
-
289,100
212,454
501,554
(95,200)
406,354
431,868
(43,224)
388,644
309,666
78,978
388,644

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies.

The financial statements on pages 14 to 35 were approved by the Board on and were Sep 26, 2023 signed on its behalf by:

Neil Riley Neil Riley (Sep 26, 2023 15:22 GMT+1)

Neil Riley Trustee

Company Registration Number: 3188162

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THE CATHEDRAL ARCHER PROJECT LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
£ £
Net cash used in operating activities See below (135,503) (111,564)
Cash flow from investing activities
Interest income 187 22
Purchase of tangible fixed assets (11,550) (15,224)
Cash used in investing activities (11,363) (15,202)
Cash flow from financing activities
Loan repayments (39,918) (36,858)
Loan interest payable (5,207) (8,266)
Cash from financing activities (45,125) (45,124)
(Decrease)/increase in cash and cash equivalents in the year (191,991) (171,890)
Cash and cash equivalents at the beginning of the year 410,539 582,429
Cash and cash equivalents at the end of the year 218,548 410,539
Reconciliation of net movement in funds to net cash flow from operating activities
2022 2021
£ £
Net expenditure for the year (68,019) (117,709)
Add back depreciation charge 7,310 7,590
Add back amortisation charge 1,989 825
Deduct interest income shown in investing activities (187) (22)
Add interest payable shown in financing activities 5,207 8,266
Increase in stock 1,116 (23,333)
(Increase)/decrease in debtors (116,591) 34,186
Increase/(decrease) in creditors 33,672 (21,367)
Net cash flow used in operating activities (135,503) (111,564)
Analysis of changes in net debt
At 1 Jan 2022 Cashflows Transfer At 31 Dec 2022
£ £ £ £
Cash at bank and in hand 410,539 (191,991) - 218,548
Debt due within 1 year (39,918) 39,918 (43,224) (43,224)
Debt due after 1 year (43,224) - 43,224 -
______
327,397 (152,073)
-		 175,324

Page 16

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

1.1 General information and basis of preparation

The Cathedral Archer Project is a charitable company limited by guarantee in England and Wales. The address of the registered office is given in the legal and administrative information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are, the relief of poverty.

The financial statements have been prepared in accordance with 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 issued on in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The Cathedral Archer Project Limited meets the definition for a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in £ sterling which is the functional currency of the charity and rounded to the nearest £.

1.2 Basis of consolidation

The consolidated accounts include the accounts of The Cathedral Archer Project Limited and its subsidiary undertakings on a line by line basis.

Under section 399 of the Companies Act 2006 and SORP 2019 the company is not required to present its own income and expenditure account.

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities. The company’s net movement in funds for the year was £(68,019) (2021:£(91,665)).

1.3 Going concern

The charitable group has made a deficit in the year of £68,019. Free reserves at 31 December 2022 are £180,551 and above the target level of £100,000.

The trustees have prepared forecasts of income and expenditure for the period to 31 December 2024 and subjected them to sensitivity analysis. The forecasts show that the group has sufficient reserves and cash to be able to continue.

The forecasts are dependent on being able to raise sufficient income from donations and grants to support the costs of running the charitable group. The trustees recognise that in the current economic climate there are significant uncertainties in achieving this.

The trustees will continue to monitor performance against budget and put plans in place including the identification and implementation of cost savings, to safeguard the finances of the charitable group if necessary.

It is for these reasons that the trustees continue to adopt the going concern basis in preparing these financial statements.

Page 17

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1.4 Income recognition

Income from donations and grants is recognised in the period in which the charity is entitled to receipt, it is probable and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Legacies are included when the charity is legally entitled to the income, probate has been granted, its receipt is probable and the amount can be quantified with reasonable accuracy. Entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Intangible income (for example, assistance in the form of donated services) is included in the Statement of Financial Activities where another party is bearing the financial cost of the resources supplied and the benefit is quantifiable and measurable. Intangible income is included in the period in which the benefit of the resource is received.

CJRS income is recognised in the period to which the claim relates.

1.5 Expenditure recognition

Resources expended are included on an accruals basis inclusive of irrecoverable VAT and have been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Charitable costs are split between direct and support costs based on the use of resources. Governance costs comprise costs for the running of the charity itself as an organisation.

1.6 Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Website 25% straight line Printing rights 33% straight line

Assets are not amortised in the year of purchase.

1.7 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25% straight line Leasehold improvements 20% straight line Fixtures & fittings 20% straight line Motor vehicles 20% straight line

Assets are not depreciated in the year of purchase.

Page 18

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1.8 Leases

Operating lease rentals are charged to the income and expenditure account as incurred.

1.9 Employee benefits

When employees have rendered service to the charity short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

1.10 Funds

Restricted funds are funds subject to specific conditions imposed by the donor.

Unrestricted funds are funds generated for general charitable purposes.

1.11 Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

1.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.13 Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party. Creditors and provisions are normally recognised at the settlement amount.

1.14 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualifies as basic financial instruments. These are initially recognised at transaction value and subsequently measured at settlement value.

1.15 Tax

The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 19

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1.16 Judgements and key sources of estimation uncertainty

Critical accounting estimates and areas of judgement

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 20

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2 Net income/(expenditure) for the year

This is stated after charging:

2022 2021
£ £
Auditor’s remuneration - 5,646
Independent examiner fee 7,368 -
Depreciation of tangible assets 7,310 7,590
Depreciation of intangible assets 1,989 825
Operating lease expenses 18,157 17,873
Cathedral Resources Centre rent 37,500 37,500

3 SOFA prior year comparatives

Unrestricted
Funds
Income from:
£
Donations and legacies
4
411,025
Charitable activities
5
54,936
Other trading activities
6
119,089
Investments
7
22
Other income
8
43,607
Total income
628,679
Expenditure on:
Raising funds
9
118,704
Charitable activities
10
462,390
Other trading activities
12
162,426
Total expenditure
743,520
Net (expenditure)/income for the year
(114,841)
Transfers between funds
20
8,672
Net movement in funds
(106,169)
Reconciliation of funds:
Funds brought forward at 1 January 2021
415,835
Net movement in funds
(106,169)
Funds carried forward at 31 December 2021
309,666		 Restricted
Funds
£
199,434
-
-
-
-
199,434
-
202,302
-
202,302

(2,868)
(8,672)
(11,540)
90,518
(11,540)
78,978		 Total
2021
£
610,459
54,936
119,089
22
43,607
828,113
118,704
664,692
162,426
945,822
(117,709)
-
(117,709)
506,353
(117,709)
388,644

Page 21

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4 Donations and legacies

onations and legacies
2022
2022
Unrestricted
Restricted
£
£
Abbeydale and Millhouses PCC
-
-
Albert Hunt Trust
-
-
Albion Valves UK Ltd
-
-
Austin & Hope Pilkington Trust
-
-
Avila Properties
-
-
B&Q Foundation
-
-
Liz & Terry Bramall Foundation
10,000
-
Church Urban Fund
-
38,700
Cutlers’ Company Charitable Trust
1,000
-
DACT Help Us Help
-
7,298
Direct Charcoal Ltd
-
-
Dunn Family Charitable Trust
3,750
-
Dan McAllister Foundation
4,747
-
Facey Family Foundation
2,000
-
Forrester Family Trust
-
50,000
Freshgate Foundation
-
2,000
Grace Trust
-
-
J G Graves
-
3,000
GMB Asda South Branch
-
1,000
HARC
-
-
Homeless Link
-
-
Homes by Honey Limited
4,000
-
John Lewis Community Investment Fund
-
39,953
Leeds Building Society Foundation
-
-
Lloyds TSB Foundation
-
-
Metro Finance
4,800
-
NHS Sheffield CCG
-
2,500
North Eastern Circuit Charity Committee
-
-
O’Connor
-
8,000
Rise Construction Framework
-
2,000
Sheffield Chamber of Commerce
-
3,248
Sheffield Church Burgesses
8,000
-
Sheffield City Council
-
25,581
Sheffield Forgemasters
2,000
-
Sheffield General Benevolent
2,500
-
Sheffield PCT HCP
-
6,000
Sheffield Town Trust
9,000
-
South Yorkshire Violence Reduction Fund
-
-
Swann Morton Foundation
-
3,500
Talbot Trust
-
-
Tramlines
-
-
Tudor Trust
-
-
Utilita
-
-
Legacies
7,000
-
Other collections and other donations
470,063
-
528,860
192,780		 2022
Total
£
-
-
-
-
-
-
10,000
38,700
1,000
7,298
-
3,750
4,747
2,000
50,000
2,000
-
3,000
1,000
-
-
4,000
39,953
-
-
4,800
2,500
-
8,000
2,000
3,248
8,000
25,581
2,000
2,500
6,000
9,000
-
3,500
-
-
-
-
7,000
470,063
721,640		 2021
Total
£
10,000
5,000
20,000
1,000
1,083
5,000
-
35,590
-
2,800
2,500
3,750
-
-
-
-
2,000
-
-
5,000
16,967
-
-
1,000
20,000
5,315
2,500
2,000
-
-
27,645
8,000
41,760
-
2,500
6,000
-
(511)
-
4,600
2,720
34,000
3,437
-
338,803
610,459

Page 22

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5
Charitable activities
2022
Unrestricted
£
Just Works activities
2,034
Big Issue rental
1,322
Other
138
3,494
6
Other trading activities
2022
Unrestricted
£
Cleaning services
22,371
Catering services
-
Printing operations
88,933
Goods sold
1,012
Other
36,577
148,893
7
Investment income - unrestricted
Interest receivable
8
Other income - unrestricted
Insurance claim
CJRS grants receivable
Kickstart grants receivable		 2022
Restricted
£
-
-
-
-
2022
Restricted
£
-
-
-
-
-
-		 2022
Total
£
2,034
1,322
138
3,494
2022
Total
£
22,371
-
88,933
1,012
36,577
148,893
2022
£
187
187
2022
£
9,240
-
-
9,240		 2021
Total
£
50,659
1,068
3,209
54,936
2021
Total
£
30,979
358
28,708
388
58,656
119,089

2021
£
22
22
2021
£
-
39,812
3,795
43,607

Page 23

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9
Raising funds
Staff costs
Office costs
Direct raising funds
Support costs (note 11)
Total raising funds
10 Charitable activities
Staff costs
Volunteer expenses
Accommodation costs
Office costs
Depreciation
Amortisation
Food provision
Client activities and welfare
Just Works activities
Governance costs
Direct charitable activities
Support costs (note 11)
Total charitable activities		 Unrestricted
Restricted
Expenditure
Expenditure
£
£
70,061
-
48,275
-
118,336
-
20,282
-
138,618
-
Unrestricted
Restricted
Expenditure
Expenditure
£
£
86,163
130,465
12,900
287
67,632
5,700
9,750
15,508
6,892
-
800
-
10,528
9,079
5,694
2,946
-
-
27,687
-
228,046
163,985
162,252
-
390,298
163,985		 2022
Total
£
70,061
48,275
118,336
20,282
138,618
2022
Total
£
216,628
13,187
73,332
25,258
6,892
800
19,607
8,640
-
27,687
392,031
162,252
554,283		 2021
Total
£
65,066
35,282
100,348
18,356
118,704
2021
Total
£
290,909
11,393
79,327
55,247
7,590
825
19,244
11,532
17,737
24,041
517,845
146,847
664,692

Page 24

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11 Allocation of support costs

The charity allocates its support costs as shown in the table below. The support costs are allocated on the basis of employee time.

Staff costs
Office costs
Professional fees
Bank charges
Total support costs
Total support costs 2021		 Charitable
activities
£
105,056
43,868
11,765
1,563
162,252
146,847		 Raising
funds
£
13,132
5,483
1,471
196
20,282
18,356		 2022
Total
£
118,188
49,351
13,236
1,759
182,534
165,203		 2021
Total
£
98,059
46,490
18,794
1,860
165,203

12 Other trading activities

Expenditure incurred through other trading activities is wholly unrestricted.

Cleaning services cost of sales
Printing operations costs
Staff costs
Office costs
Professional fees
Bank charges
Bad debts		 2022
Total
£
2,089
53,110
170,217
30,768
-
2,388
-
258,572		 2021
Total
£
1,431
12,444
135,311
8,791
3,348
885
216
162,426

13 Directors

None of the directors (or any persons connected with them) received any remuneration, benefits or expenses from the company during either year.

Page 25

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14 Staff costs

Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
The average number of employees during the year was as follows:		 2022
£
524,763
31,281
11,450
567,494
36		 2021
£
545,932
31,655
11,034
588,621
41

Pension contributions of £2,300 (2021: £nil) were outstanding at the year end for December 2022 and included within current liabilities.

No employee earned over £60,000 during either year.

Aggregate remuneration costs for the senior management team including salary, employer’s NI and employer’s pension cost was £182,623 (2021: £158,213). The charity considers its senior management team to be the Chief Executive Officer, Deputy Chief Executive, Centre Manager, Administration Manager and Head of Social Enterprise.

Pension contributions for employees are allocated to those activities and funds that the employees’ salary is allocated to.

Page 26

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15 Intangible fixed assets

Intangible fixed assets
Charity
Cost
At 1 January 2022
Additions
At 31 December 2022
Amortisation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
Group
Cost
At 1 January 2022
Additions
At 31 December 2022
Amortisation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Website
£
3,200
-
3,200
-
800
800
2,400
3,200
Website
£
5,020
-
5,020
-
1,164
1,164
3,856
5,020		 Printing
Rights
£
-
-
-
-
-
-
-
-
Printing
Rights
£
2,500
-
2,500
825
825
1,650
850
1,675		 Total
£
3,200
-
3,200
-
800
800
2,400
3,200
Total
£
7,520
-
7,520
825
1,989
2,814
4,706
6,695

On 1[st] October 2021, Printed by Us operations were transferred from the charity to the subsidiary Archer Project Enterprises Limited. This included printing rights relating to these operations.

Page 27

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16 Tangible fixed assets

Leasehold
Charity
Improvements
£
Cost
At 1 January 2022
11,563
Additions
-
Disposals
-
At 31 December 2022
11,563
Depreciation
At 1 January 2022
11,563
Charge for the year
-
Disposals
-
At 31 December 2022
11,563
Net book value
At 31 December 2022
-
At 31 December 2021
-
Leasehold
Group
Improvements
£
Cost
At 1 January 2022
11,563
Additions
-
Disposals
-
At 31 December 2022
11,563
Depreciation
At 1 January 2022
11,563
Charge for the year
-
Disposals
-
At 31 December 2022
11,563
Net book value
At 31 December 2022
-
At 31 December 2021
-		 Motor
Vehicles
£
20,565
-
(20,565)
-
20,565
-
(20,565)
-
-
-
Motor
Vehicles
£
20,565
3,800
(20,565)
3,800
20,565
-
(20,565)
-
3,800
-		 Computer
Equipment
£
59,176
701
-
59,877
47,470
4,249
-
51,719
8,158
11,706
Computer
Equipment
£
59,176
5,224
-
64,400
47,470
4,249
-
51,719
12,681
11,706		 Fixtures &
Fittings
£
65,028
2,526
-
67,554
54,421
2,643
-
57,064
10,490
10,607
Fixtures &
Fittings
£
67,118
2,526
-
69,644
55,469
3,061
-
58,530
11,114
11,649		 Total
£
156,332
3,227
(20,565)
138,994
134,019
6,892
(20,565)
120,346
18,648
22,313
Total
£
158,422
11,550
(20,565)
149,407
135,067
7,310
(20,565)
121,812
27,595
23,355

Page 28

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17 Fixed asset investments

Group
2022
2021
£
£
Unlisted investments
Investment in subsidiary company
-
-
-
-
Archer Project Enterprises Limited (Company number: 07431294) is a 100%
Profit/(Loss)
Capital and
reserves
£
£
Archer Project Enterprises Limited
(28,176)
(45,917)		 Charity
2022
2021
£
£
1
1
1
1
owned subsidiary.

18 Debtors

Trade debtors
Amounts owed by subsidiary
undertaking
Other debtors
Prepayment and accrued income		 Group
2022
2021
£
£
29,903
21,451
-
-
9,307
1,807
125,975
25,336
165,185
48,594		 Charity
2022
2021
£
£
6,671
8,203
109,172
253,795
-
2,151
122,830
24,951
238,673
289,100		 Charity
2022
2021
£
£
6,671
8,203
109,172
253,795
-
2,151
122,830
24,951
238,673
289,100
289,100

Page 29

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

19 Creditors

Creditors: amounts falling due within one year

Trade creditors
Other creditors
Other taxes and social security
Loan		 Group
2022
2021
£
£
53,533
28,105
36,349
29,223
14,899
13,781
43,224
39,918
148,005
111,027		 Charity
2022
2021
£
£
48,022
26,420
19,766
22,117
6,751
6,745
43,224
39,918
117,763
95,200		 Charity
2022
2021
£
£
48,022
26,420
19,766
22,117
6,751
6,745
43,224
39,918
117,763
95,200
95,200

Creditors: amounts falling due after one year

Loan Group
2022
2021
£
£
-
43,224
-
43,224		 Charity
2022
2021
£
£
-
43,224
-
43,224		 Charity
2022
2021
£
£
-
43,224
-
43,224
43,224

An unsecured loan of £120,000 was received from HomelessLink in 2021.

The loan is repayable by instalments as follows:


Less than one year
Later than one and not later than five years		 2022
£
43,224
-
43,224		 2021
£
39,918
43,224
83,142

Page 30

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

20 Funds

Current year:
Unrestricted funds
Balance at
Group
1 Jan 2022
£
General funds (Charity)
327,407
Subsidiary - Archer Project
Enterprises Ltd
(17,741)
Total unrestricted funds
309,666
Restricted funds
Balance at
Group and Charity
1 Jan 2022
£
Austin & Hope Pilkington Trust
1,000
Aviva Community Fund
554
Church Urban Fund
14,202
Co-op Local Community Fund
1,283
DACT Help Us Help
4,444
DACT Help Us Help – Covid support
1,200
Forrester Family Trust
-
Freshgate Foundation
-
GMB Asda South Branch
-
J G Graves
-
Homeless Link
9,261
John Lewis Community Investment Fund
-
LankellyChase Foundation
4,289
Lloyds TSB Foundation
13,333
NHS Sheffield CCG
-
O’Connor
-
Rise Construction Framework
-
Sheffield Chamber of Commerce
1,684
Sheffield City Council
11,336
Sheffield PCT HCP
-
Sheffield Town Trust
2,160
Swann Morton
-
Talbot Trust
2,120
Tudor Trust
12,112
Total restricted funds
78,978
Total funds - Group
388,644
Total funds - Charity
406,385		 Income
£
460,279
230,395
690,674
Income
£
-
-
38,700
-
7,298
-
50,000
2,000
1,000
3,000
-
39,953
-
-
2,500
8,000
2,000
3,248
25,581
6,000
-
3,500
-
-
192,780
883,454
653,059		 Expenditure
£
(528,916)
(258,572)
(787,488)
Expenditure
£
-
-
(33,651)
(1,283)
(7,302)
-
(25,000)
(2,000)
(1,000)
(3,000)
(5,207)
(7,246)
-
(13,333)
(2,500)
(3,000)
(2,000)
(4,932)
(27,509)
(6,000)
(2,160)
(3,500)
(1,340)
(12,022)
(163,985)
(951,473)
(692,901)		 Transfer
Transfer
between
Balance at
funds
31 Dec 2022
£
£
-
258,770
-
(45,918)
-
212,852
Transfer
between
Balance at
funds
31 Dec 2022
£
£
-
1,000
-
554
-
19,251
-
-
-
4,440
-
1,200
-
25,000
-
-
-
-
-
-
-
4,054
-
32,707
-
4,289
-
-
-
-
-
5,000
-
-
-
-
-
9,408
-
-
-
-
-
-
-
780
-
90
-
107,773
-
320,625
-
366,543		 Transfer
Transfer
between
Balance at
funds
31 Dec 2022
£
£
-
258,770
-
(45,918)
-
212,852
Transfer
between
Balance at
funds
31 Dec 2022
£
£
-
1,000
-
554
-
19,251
-
-
-
4,440
-
1,200
-
25,000
-
-
-
-
-
-
-
4,054
-
32,707
-
4,289
-
-
-
-
-
5,000
-
-
-
-
-
9,408
-
-
-
-
-
-
-
780
-
90
-
107,773
-
320,625
-
366,543
107,773
320,625
366,543

Page 31

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

20 Funds – continued

Prior year:
Unrestricted funds
Group
General funds (Charity)
Subsidiary - Archer Project
Enterprises Ltd
Total unrestricted funds
Restricted funds
Group and Charity
Austin & Hope Pilkington Trust
Avila Properties
Aviva Community Fund
B&Q Foundation
Beatrice Laing Trust
Big Lottery – Changing Lives
Church Urban Fund
Co-op Local Community Fund
DACT Help Us Help
DACT Help Us Help – Covid support
Evan Cornish Foundation
Homeless Link
Homeless Link – Cold Weather Fund
LankellyChase Foundation
Leeds Building Society Foundation
Lloyds TSB Foundation
Metro Finance
NHS Sheffield CCG
Sheffield Chamber of Commerce
Sheffield City Council
Sheffield PCT HCP
Sheffield Town Trust
SY Violence Reduction Fund
Talbot Trust
Tudor Trust
Total restricted funds
Total funds - Group
Total funds - Charity		 Balance at
1 Jan 2021
£
389,851
25,984
415,835
Balance at
1 Jan 2021
£
-
-
2,064
-
2,519
9,215
9,377
3,546
4,036
700
6,097
17,527

-
4,289
-
13,333
4,126
-
-
1,170
-
2,160
511
-
9,848
90,518
506,353
480,309		 Income
£
509,978
118,701
628,679
Income
£
1,000
1,083
-
5,000
-
-
35,590
-
2,300
500
-
-
16,967
-
1,000
20,000
-
2,500
27,645
41,760
6,000
-
(511)
4,600
34,000
199,434
828,113
709,412		 Expenditure
£
(581,094)
(162,426)
(743,520)
Expenditure
£
-
(1,083)
(1,510)
(5,000)
(2,519)
(9,215)
(28,137)
(2,263)
(1,892)
-
(6,097)
(8,266)
(16,967)
-
-
(20,000)
-
(2,500)
(25,961)
(31,594)
(6,000)
-
-
(2,480)
(30,818)
(202,302)
(945,822)
(783,337)		 Transfer
between
Balance at
funds
31 Dec 2021
£
£
8,672
327,407
-
(17,741)
8,672
309,666
Transfer
between
Balance at
funds
31 Dec 2021
£
£
-
1,000
-
-
-
554
-
-
-
-
-
-
(2,628)
14,202
-
1,283
-
4,444
-
1,200
-
-
-
9,261
-
-
-
4,289
(1,000)
-
-
13,333
(4,126)
-
-
-
-
1,684
-
11,336
-
-
-
2,160
-
-
-
2,120
(918)
12,112
(8,672)
78,978
-
388,644
-
406,384

Page 32

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

20 Funds – continued

The purpose of restricted funds are:

Transfers between funds

In the prior year a transfer was made from restricted funds to unrestricted for the net book value of restricted tangible fixed assets where the conditions of the funding has been fulfilled, and the assets are used for the general objectives of the charity.

Page 33

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

21 Analysis of assets between funds

Unrestricted
funds
£
Current year
Intangible fixed assets
4,706
Tangible fixed assets
27,595
Current assets
328,556
Creditors: amounts falling due within one year
(148,005)
212,852
Unrestricted
funds
£
Prior year
Intangible fixed assets
6,695
Tangible fixed assets
23,355
Current assets
433,867
Creditors: amounts falling due within one year
(111,027)
Creditors: amounts falling due after one year
(43,224)
309,666		 Restricted
funds
£
-
-
107,773
-
107,773

Restricted
funds
£
-
-
78,978
-
-
78,978
 Total
£
4,706
27,595
436,329
(148,005)
320,625
Total
£
6,695
23,355
512,845
(111,027)
(43,224)
388,644

22 Commitments under operating leases

At 31 December 2022 the company had future minimum lease payments under non-cancellable operating leases as follows:


Land and buildings
Less than one year
Later than one and not later than five years
Greater than five years		 2022
£
-
-
-
-		 2021
£
49,801
4,539
-
54,340

23 Property commitment to Sheffield Cathedral

The CAP is housed in the Cathedral Resources Centre which is rented from Sheffield Cathedral. An operating lease was agreed in 2017, which expired in November 2022. The annual rent paid was £37,500 (2021: £37,500). A new lease was signed post year end in August 2023.

Page 34

BHP LLP

THE CATHEDRAL ARCHER PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

24 Related party transactions

During the year, trustees and key management personnel donations totalling £5,694 (2021: £7,278).

P Renshaw, son of Chief Executive Officer T Renshaw, was employed by the charity during the year. Remuneration paid in the year was £959 (2021: £18,802).

During the year The Cathedral Archer Project Limited made grants totalling £66,250 to its subsidiary Archer Project Enterprises Limited to support the work in line with the charitable objectives of the charity.

The Cathedral Archer Project Limited also made charges to its subsidiary Archer Project Enterprises Limited of £8,000 for rent and other costs (2021: £9,161). There were no charges for payroll (2021: £117,053).

Archer Project Enterprises Limited charged The Cathedral Archer Project Limited £15,427 for services (2021: nil).

£75,000 was paid from Archer Project Enterprises Limited to the Cathedral Archer Project Limited during the year for repayment of loan balances (2021: nil).

The loan balance at 31 December 2022 was £155,090 (2021: £271,535).

At the year end a provision has been made for £45,918 in the Cathedral Archer Project Limited company accounts relating to the net liabilities of Archer Project Enterprises (2021: £17,740).

Page 35

BHP LLP

Cathedral Archer Project

Nicola Adams ACA DChA BHP, Chartered Accountants 2 Rutland Park SHEFFIELD S10 2PD

Dear Ms Adams

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 December 2022. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief.

General

Assets and liabilities

Accounting estimates

Loans and arrangements

Legal claims

Laws and regulations

Related parties

Subsequent events

Going concern

Grants and donations

Yours faithfully

Neil Riley Neil Riley (Sep 26, 2023 15:22 GMT+1)

..............................................................................................................................

Signed on behalf of the board of directors

Date: Sep 26, 2023

CAP Accounts 2022 accounts for signing

Final Audit Report

2023-09-26

Created: 2023-09-25 By: Michelle Gaze (michelle.gaze@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAt3XbaVsnvim-HlghyrgFuNBOwZ9702En

"CAP Accounts 2022 accounts for signing" History

Document created by Michelle Gaze (michelle.gaze@bhp.co.uk)

2023-09-25 - 3:37:42 PM GMT- IP address: 81.23.52.242

Document emailed to neilriley.16@gmail.com for signature

2023-09-25 - 3:40:48 PM GMT

Email viewed by neilriley.16@gmail.com

2023-09-26 - 2:20:04 PM GMT- IP address: 95.151.183.64

Signer neilriley.16@gmail.com entered name at signing as Neil Riley

2023-09-26 - 2:22:26 PM GMT- IP address: 95.151.183.64

Document e-signed by Neil Riley (neilriley.16@gmail.com)

Signature Date: 2023-09-26 - 2:22:28 PM GMT - Time Source: server- IP address: 95.151.183.64

Document emailed to Nicola Adams (nicola.adams@bhp.co.uk) for signature 2023-09-26 - 2:22:29 PM GMT

Email viewed by Nicola Adams (nicola.adams@bhp.co.uk)

2023-09-26 - 2:53:26 PM GMT- IP address: 110.239.216.88

Document e-signed by Nicola Adams (nicola.adams@bhp.co.uk)

Signature Date: 2023-09-26 - 2:53:49 PM GMT - Time Source: server- IP address: 82.132.236.134

Agreement completed.

2023-09-26 - 2:53:49 PM GMT