Rstered Charity Number. 1146648 Cornpany numbèr: 07752686 St Matthew's House Limited ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 August 2022
5t Matththrfs House Llmlted Contents Page Legal and administrative details Tru5tees' annual report Independent examlner's report Statement of f5nancial activities io Balance sheet li Note5 to the account5 12-17
St MattheS House Umlted Legal and admlnlstratlve Informatlon Charlty number 1146648 Company number 07752686 Other names the tharlty Is known by: The Art House Tw5tees J McQuater S Linskill The Re¢d G Naylor The Rerfd W H Thomas S Smith G R Millar A C Knowles C A Gracev Chairman Vice Chairman Iresigned III11120221 {re5igned 13111120221 COmnY Secretary J M Hank5 Regtstered office 8 Backfields ShefField 514HJ IndepeNlent Examlner Susan Cochrane, FCA Seven Hills Accountants Llmlted 57 Burton Street Sheffleld 56 2HH
St MattheS House Umlted Truste annual report Forthe year ended 31 Auzust 2022 The TTU5tee5, who are also Dlrectors of the Company for the purposes of the Companie5 Act• present this Annual Report and Flnanclal Statements of the company for the year ended 31 August 2022, The Trustees eonfimi that the Annual Report and Flnanclal Statements have been prepared In accordance wlth the Ststement of Recommended Prattice: Accounting and ReportinB by Charities preparlng thelr accounts In accordance the Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 {second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Art 2011. Oblecllves and publlc benefft The charitys oblects are Specifically restricted to such purposes which are exclusively charttable in the laws of England and Wales. and forthe public benefrt as the tNstees shall in their absolute discretion determlne. and in partlcular (but not exdusivelvl: l. to benefft the inhabitsnts of the city of Sheffield, and in particular those inhabitants living in the eccleslastlcal parlshes in the dloce5e of Sheffield wlthout distinttion of sex. sexual orientation, race or of political, religKu5 or other opinions by bringing together the statutory. voluntary and other organlsatlons and inhabitants in a common efftirt to: improve the physical, mentallemotional and spiritual well-belng of Inhabitants. particularly inhabitants living with mental health dlfflculties- advance edu¢atKJn {including religious. moral and physleal educatlonlond c. provide facilities in the interests of soclal welfare for recreation and leisure time ocCupatn wf(h the objective of Improvlng the condltions of lrfe of the sald Inhabltants. In furtherance of these objert5 but not othenvise. the trustees shall have power to: establlsh or secure the establishment of a community centre: maintain or manage or Cowoperate with any Statutory authorlty In the maintenance and managÈment of a community centre: for attivities promoted by the charlty In fvrtherance of the above objects. In setting the oblectlves planning the activbtles the Trustee5 have given careful conslderation to the Charity Commlsslon's general guidance on publbc benefrt and fee tharging.
St Matthevls House Limited Trustse< annual report- contlnued For the year ended 31 August 2022 summary of maln artlvllles The Board of Trustees are extremely grateful and proud of the marvellous team who work at the Art House. Responding with resilience the Art House continues to operate, serving the community wlth a programme of commercial art and pottery activltles and a wellbeing offer to support people who are vulnerable and living with mental health issues. During this reportlng year the Art House has adapted and changed to 3 new post-covid market and thi5 has led to changes In the business and a sharpening of our efforts to maintain and grow the buslness and charity. As part of thi5 we have: successfully recruited a new strategic lead in succession to our fom)er Intertm leadershlp,, reviewed the Art House's business model and implemented changes that slmplified the structure and operations.. ontinued to develop a financially sustainable model for the Art House's operatlons In a new context of post<ovid redurtions in fundrai5in8. Jamie Brown as finance officer has continued to Improve the way in which staff and trustees receive information regarding our finances. He works closely with staft to reduce costs and change suppliers where possible. and wtth trustees to flag up any concerns and foThvard plan. The Finance Committee continues to meet rnOnth to assess and discuss pressing issues concerning charlty flnances. The pottery contlnued to be popular but dld see a downtum in sales before a more targeted approach to marketin8 wa5 initiated. The improvement in financial reporting in.real time" has ensured that we can see problems on the horizon and make interventions when necessary. Sales have recovered now and there has been a growth In new participants using the Art House for the first time and loyal customeTS returning. Pottery Open Studio member5 pay a monthly subscrlptlon to use our facilltle5 and are a constant source of income and form a Significant contribution to our community. We have sought to SUPPOrt this communityfvrther and we are8rowin8the membership. Art courses have seen some significant sales whllst our exposure to employing Staff in this area has been reduced. Art Is dellvered on a model uslng extemal tutors and we have been more selectlve In the art class programme we deliver. providing a more focu55ed offer based on class numbers and income generated. Ben, our new strategic lead has used his conslderable skllls at networking and following lead5 to engage with new partners. He ha5 built a relationship with the chamber of commerce and we can now utilise thelr networks and servites. Ben has been instrumental In attractlng arti5t5 to exhibit at the Art House that has led to new people visiting us and thereby bulldln8 our relational frlnge. The exhibition5 are raising the profile of our work and Increaslng footfall and revenue. We have contlnued to provide a speclflc Wellbeing offer, that is well recelved. We declded that this too would be met by external tutors. rather than employing a manager in house. This led to ton51derable savings without affecting the value to partlclpants. Our offer is constantly under review, and we have complimented our offer by using the facilities in conjunction with partners such as St Matthev/s Church and the Parish Nur5in8 Project.
5t MattheY/$ House Llmited Tru$tee< annual report- Contlnued For the year ended 31 August 2022 Summary of maln artlvltles l¢ontSnuedl OurformerWellbeinE Manager voluntarily left employment with us In the surnmerand has since been one of the two external tutors runnlng courses for WellbeinB Students. The board met bimonthly during this period. Its sub-commlttees with a focus on Flnance and HR have met regularly In-between board meetings. Partlcular areas focussed on by the board: l. The board worked with Andrew and then Ben to hone our offer and implement our high level statements. 2. The board successfully managed to use our asset5to maintain our work. We have had to utilise our working reserves at certain points durlng the year to manage cash flow but have a clear plan for their replenishment. We have malntained our103n repayments and have used our COVID government loan to pay off £50.000 of a more expensive historlc loan thus savinB the several thousands of pounds in interest repayments. 3. The board sought to support staff and recognise thelr hard work in challenging tlmes through a generous taxable bonus at Christmas. 4. The board has sought to draw in skills of experts beyond the board particularly in the area of the law where Mr Neil Logan-Green of K&L Gates has advised us pro bono. 5. We have continued to maintain space for thÈ parish church In Its work and mission and minlstry and we have sought to build and develop our work In collaborating with the Parish Nursing Project. A¢hievements and Perfomiance al Financial survival and an improvin8 financial outlook desplte short term drficulties in 2022. b} Clearer flnancial reportlng has enabled the board to take more proactlve decisions for the future. cl Courses continued to prove popular and we have sought to adapt our offer. dl A5 a charity we have maintained a wellbeing offering. el There has been a rationalisation of staffing particularly in the area of wellbelng. We have secured the employment of a Strategic Lead who has built on past suc$e5 and leads with confidence, Skill and joy. gl We have adapted to a changed post-covid grant fundlng and commercial environment. h) We have maintained the vast majority of our Open Studio subscription5 and numbers a growing again.
St Matthev/s House Llmlted Trustees, annual report- contlnued For the year ended 31 August 2022 Postscrlpt Writlng In March 2023 the Charty seems In a stronger posltlon on a number of levels, The transition from interim strategic lead Andrew Seaton to our new permanent strateglc lead Ben Clowe5 in March 2022 went well and although the charlty faced combined headwinds of a more difficult grant-finding environment and increasing energy costs we feel that we are through the worst of it. There has been some restructurSng and slmplification of the business and we feel we are in a better place than we have been in retent years. Goingforward we realise that we wlll haveto continue to growthe business rather than rely on grants to continue our work. This will mean that we continue to be resilient in a changing market. We are excited about the further areas in which wè can develop to grow the busines5 and serve our local area. In the next few months much of the redevelopment of the clty centre around us wlll be drawlng to tompletion. Thls wlll significantly enhance our position in the clty an(1 our local envlronment. We have a commltted. dynamic and talented team that is working very well together under 8en's leadership. Financial Review and ReseTh*es Pollcy The statement of finantlal activities is set In the financlal statements. Income for the year amounted to £195,183 12021.. £293,256). Total expenditure amounted to £262,020 12021: £305,611). Net movement in funds for the year was a deficit of £66,83712021.. deficit of £12.3551 resulting in net assets at the year-end of £963,56912021.. £1,030,406) The Trustees have considered the level of unre5tritted funds which they see as appropriate to hold in reserve and have concluded that this should be the equivalent of a minimum of three month's salary expenditure. The Trustees have therefore set resèrves at around £50,1)JO. The Trustees will keep the level of reserves under review and monitor the level of reseryes throughout the coming year. As at 31 August 2022 free reserves Icomprlslng net current assets less loans relatingto property) were negative £38,45012021: £85,982). The trustees have considered the financial position at the year end and recognlses concerns al)out the tough financial situation we have found ourselves in. The trustees and key management have taken action to address these concerns over the past year and are continuing to respond and make changes for the good of the tharlty. As stated in the chariws last accounts an external consultant was appointed using funding from Covid 19 grants. With his proven buslness background and strong leadership, the consultant was able, in partnership with the Board. to develop and strengthen the operation that ensured that the Charity was on a more solid footing to handover to the new Strateglc Director. This new position. along wlth the Flnance Manager who was put in place in 2021, has resulted In the Trustees bein8 able to build and define a business plan that Is reallstlc to the size of its operation and its achievable income whilst enhancing the charitable aims and objectives.
St Mattws Houw Umlted Tntstee$' annual rewt- continued For the year ended 31 August 2022 Rnancial Review and Reserve5 Policy (continued) Since the Financlal Year end of 31st August 2022 there have been changes to the stsffing strurture which has enabled us to maintaln the opening times of the business whilst making better use of staff time and enabling more customers to use the building without incurring any additional costs. Some services have been outsourced to maxlmise the 0put of work whilst reducing the charfty payroll Ilabilrty. Our marketlng actlvlty has Increased which Is showlng a direct result in the number of courses being sold. In April 2023 we participated In 'Open Up which attracted many new visitor5 who had never heard of us before. We are gradually increasing the capacity of our subscriptlon membership which is delivering regular and reliable income. Confidence in the restructure and delivery through committee. along Wlth the financial data obtain and tarEets already achieved enables the Board to continue with this plan of growth. The staff team at the Art House are actively engaglnB In developinB the Charity and are proactively maklng suggestlons for improvement5 to the Art House and recommendlng new streams of income. Our Finance Manager carries out ongoing reviews of our eXndItUre to ensure we are only spending on e55ential products and servlces and works with the StrateEiC Director to review profitability of courses. Whllst there was a significant reduction in intome in the 2021-2022 Flnancial Year this is due to the Covid-19 Grant5 no longer being available whereas we benefitted significantly in the previous year from all the recovery grants that were avallable. This artificially inflated our income but It di(J allow us time and space to restructure for increasing the income and lowering out8oings. In addition to this some of the expenditure incurred in 2021-2022 was covered by the Covid-19 grants in 2021. We recognise and are concerned by the negative Net Current Assets. however this includes £10.899 Parochial Church Councll Creditor. St Matthew'5 Parothial Church Council is the Sole Member of the Charity and they do not intend to recall that debt except at such a time as the charity Can afford to. We have already entered into a fime to Pay arrangement with HM Revenue and Customs to address the level of VAT owed and have succe55fully been meetln8 the payment schedule which is due to be fully repaid by August 2023.The charity also continues to have the support of it5 prlnclpal creditors and loan providers to be able to adapt to any changes In the charivs circumstances. No payments to creditors have been missed and loan payment holidays have been tsken. Thi5 is in marked contrast to previous years and demonstrates real proBress This year has stlll been a challenge but we do feel we are in a more resilient position compared to prevKJus years. During the pandemlc we retelved a £50.Ot)O government bounce back loan which we did not need to use. In the end rather than repay the loan we have now used it to pay off £50,000 worth of debt from one of our other lenders and have thus significantly reduced our overall debt burden at a much lower interest rate. By doing so we have Saved the charity tens of thousands of pounds in the coming years as the 8ovemment loan is fepaid atjust 2%. Our budget is cautious for the next 12 months but we are sure that with pm8re55 made and wlth the loss narrowing we can be in profrtability by the end of the calendar year 2023.
St Matth&5 House Limited Trustees. annual report- contlnued For the year ended 31 Au8U5t 2022 Rlsk management The trustees have given consideration to the major risks to whlth the charlty Is exposed and has satlsfied themselves that control systems and procedures are established in order to manage these risks. A risk register has been established and is reviewed annually. Structurej governance and management The charity is govemed by its Memorandum and Articles of Assoclatlon and is IncorkY)rated as a company limited by guarantee. Members of the charty guarantee to contribute £10 in the Èvent of winding up. The sole Member of the Charity is Parochial Church Councll for the Ecclesiastical Par15h of Sheffield St Matthew in the Diocese of Sheffield. Governance Trustees are appointed by the Parochial Church Councll of St Matthews, Catver Street, subjett to the rule5 laid down in the Memorandum and Artlcles of •ls50ciation. The term "Board" is deflned as the meetlngs of the trustees. The Board's main duty is to manage the Charity, ensuring good governance and practlce. Once appolnted, Trustees must make themselves aware of the tem)s of the Memorarsdum of st MattheWs House, familiarise themselves with the charitvs propertvi policie5, human resources, client need5 and finances. They will ensure that the staff are well looked after, that investment of the charlty funds complies with the terms of the Memorandum, and that the strategy and objectives of St Matthew's house are developed. The Board will act exclusively in the best interest of the charity. Therefore, a Trustee must not allow a sltuatlon to arlse where thelr duty as a Trustee conflicts with thelr own personal interest. They are required to manage the charity and to ensure that the objectfves of the chair are met. The Board wlll spent time inducting new Trustees by informing them about., A brief history of the organisation; Strategic direction and mission Statement. The strurtvre of the organisation, tommittees, sub-committees. working groups, user groups, staff and volunteers, and the partnership with the mission of St Matthev/s House,. and The business plan of St matth.e5 House. The Board will ensure that new Trustees wlll know enough to be able to carry out thèir role, but not be overloaded or mislead them about the level of work involved. A15 Trustees give thelr tSme freely and no remuneration or expenses were paid in the year
St Mattws House Lknlted Trustees, annual report- conlinued For the year ended 31 August 2022 Structure and mana ement Day to day running of the charity is delegated to a management team led by a Strategic Director. The management and finances are administered through the Board of Trustee5 whi¢h meets bi. monthly. There are two 5ub-comrnittees of the board which focus on Flnance and HR. They meet ahead of full board meetings and report to them. Reports on finance, work to raise funds. HR and outcomes and outputs monitoring are recefved. small Company Provisions This report has been prepared in accordance wlth the special provislons for small companies under Part 15 of the Companies Art 2006. The trustees declare that they have approved the Trustees. annual report above on and signed on behalf of the trustees by: lo( Print name: ee
Independent examlnerfs report to the dlrectors of St MattheTk5 House Llmlted I the Companv'l I report to the charlty dlrectors on my examlnatlon of the acunt5 of the Company for theyearended 31 August 2022. Responslbllltle5 and bas15 of report As the chariVs trustee5 of the Company land also its directors for the purp05e5 of company lawl you are responsible for the preparation of the accounts in accordante with the requirements of the Companles Act 20061'the 2006 ACVI. Havlng satlsfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your charitvs accounts as carried out under section 145 of the charities Act 20111.the 2011 Act'l. In tarrying out my examination I have followed the Directions glven by the Charity Commission under 5ettion 145151 Ibl of the 2011 Act. Independent examlnefs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to belleve.. accountir)8 records were not kept in respect of the Company as requlred by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records; or 3. the account5 do not comply with the accounting requirement5 of sect 396 of the 2006 Art other than any requirement that the accounts glve a 'true and fair view which is not a matter considered as part of an independent examination; or 4. the actounts have not been prepared In accordance with the methods and prlnclples of the Statement of Recommended Practice for accounting and reporting by tharltles applicable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In connectlon wtth the examination to which attention Should be drawn in this report In order to enable a proper understsnding of the accounts to be reached. SiBned: Susan Cochrène FCA Seven Hills Accountants Limited 57 Burton Street Sheffield 562HH Date: 2510512023
St Matthew's House Limited Statement ol flnandal aCtleS Ilncorporating the income and expendlture account) For the year ended 31 August 2022 Unfe5tr1rted Restrirted funds funds Total Unrestricted Restricted 2022 funds funds Total 2021 Notes Income from: Grant5 and donations 14,970 14,970 212,588 212,588 Charitable artNltles 128,082 128.OB2 52,426 52,426 Othertrading activitie 50,222 50222 27,827 27,827 Room rental Income 1.460 1,460 163 163 Investments- bank Interest 449 449 252 252 Totsl Income 195,183 195,183 293,256 293,256 Expendlture on: Ralsln8 Funds 1,568 1,568 5,442 5,442 Charitable activities 192.536 7.790 200.326 193,482 27,428 220,910 Trading and Dther 60.126 60,126 79,259 79,259 254,230 7,790 261020 278,183 27.428 305,611 Net In¢omelltrxpenditure} 159.0471 17,7901 166,8371 15,073 127,4281 112,3551 Fund transfers 16 Net movement In funds 1590471 (7,790} I6637} 15,073 127.4281 112,3551 Total funds brought forward 111.223 919,183 1.030,406 96,150 9&16,611 1.042,761 Total funds carrled foTh¥ard 52.176 911393 963.569 111,223 919,183 1,030,406 The statement of financlal actlvltles Includes all galns and losses recognised in the year. All Income and expenditure derive from continuing activities. The statement of flnanclal activitles also complies with the requirements for an income and expenditure account under the Companies Act 2006.
St Matthe$ House Limited Balance Sheet As at 31 Augurt Z022 Total 2022 Total 2021 Noles Flxed assets Tangible assets li 1.295.585 1,307,238 Current assets Stock Debtors Cash at bank and in hand 1.850 9,W2 143,285 3,697 42,834 Totsl current assets 46,531 154,137 Creditors.. amounts falling due within one year 198.1781 183,4611 Net current assets 151,6471 70,676 Total assets less current liabilitles 1,243,938 1,377.914 Credltors,. amounts falllng due after more than one year 15 1280,3691 1347,5081 Total net assets 963 S69 1,030,406 Represented by: Fund$ of the Charlty Unrestrirted funds Restricted Income fvnds 52,176 111,223 911,393 919,183 963,569 1,030,406 16 17 For the year ending 31 August 2022 the company was entitled to exemption from audit under Section 477 of the Companie5 Act 2006 relatin8 to small companies. The members have not required the company to obtain an audit In accordance with sectlon 476 of the Companies Act 2006. The director's acknowledge their responsibilities for cornplying with the requirements of the Art wlth respect to accounting records and forthe preparatlon of accounts. These accounts have been prepared in accordante wlth the provisions applicable to companles sublect to Small companies, reglme. Approved by the Board of Trustees on and signed on thelr behalf by= Prlnt Name:
$1 M•llfrw'$ Lkniied N•ts$tsthtrA¢nI5 Fortheyearended ai Aupst A((onl pold•s fjenei•l St Matthew's HO MIted lsa tharmablefompany kn the Unhed ngdrn limited1ty8UarIee. In ihe eventthatthecharityi5wound up.the liabty in re5pectof the8uaranteeis limitedto£lO per mèmber Df thecharfty.The addre55 ofthe rtgk%tered office Is 8wen in the charity The ftnanclal statements been prepared In xcordance ¥Nth the StètÈment of Recommended Pr3thce-. Att¢unth8 and Repjrfng ChadtSe5 Wepar1r thelr3ccoumsln accordancethe Flnand4 Fi¢rtIn8 StandaTd applkableln the UK and RyblK of Ireland IFRS 102115et0l edOnI,th Flrandal RowJrrin8srandawd applkabKgln the Unrted Kingdomand ReputrAl¢ of Ireland IFRS102laTh4withihEcNgreSACt ZOLJ. St Matth5 House meers the deflnltlon of ¥ publK bEnefit entity under FR$ 102. The finantial staternents are prEpared under the h15torfcalcostcorhvenUon. Thefinanclal statements are pre5entEd in 5tErtlr Isthe functional CenCY0f the charityindare rounded to Ibl Inwm¢ Inwme Is rer¢6ni5ed wheh the chor has entklement to the fund5. any perfomirte ¢ondllons attsched tothe rteml51 Df iDCDrne h•ve been me¢ it is probablethat the incorne will be Teiedadtharnounftan be measured relia¥, mefrom wvemment and other irants, whether'capit7J' gr•rfs or'revemo. granty Is r£coBnlsed whEll the ¢harbiy has Entrn•nttQthe lund51 any performarKe conditn51tta1hed tDthe8rants been met. tt 15 probableththe inlomewill be rt¢eNedandtheamountcan Cash d¢Natlun5 are renISed weiyipt. other d(alkin$ are rew8n15ed onte the ¢trItY has bÈen notlfled of the dDThat. unless pertorMJncecondklo requlre deferral ofthe ¥nount. In¢4metsXre¢Jer4bIe1n relat7 to donatiLMsrecefftd und¢rGftAldordeed50f 1¢) DoDoedseThltesandfadlklÈs cknnated prokssk>nal servites and éonatsd faclidés ¥e rexfnmd as in[ne 7then the th•rity has control the . any w&tion5 asstthtsd wth the donated Item have met, the reIpt of economlE bwefitfron the SE the ¢h¥ttyof the ftem is pn>bablp and that economlc benefft ran be measured reliably. In accordancewith the Charitie$ 50RP IFAS 1021, (eneral volunteerlmè L% notreco1$¢d. Ckn recelp¢ dcnated professlonal servKes and dDnated f¥¢Jlttles art rewed on the ba515 of thE¥ale Df the 8lttto th• charty whlch 15 the amNnt thÈtharttywwld have be wllllngto payioobtanservlre5 orf8ulitsof equivalt economlc beneffton theopEn m#rkeL' a Idl nd krErIbAT Expe[ttUre L% recogni5ed 0ethere Is J al or con#ruttfve obM8atknn to makea paylneI to 3 thlrd party, It Is prObae that 5etdemehi WUI be rtyred and theamountoftheobllgatlon can bemea5ured relbty. l expendlture Is actollnted for an an a[CrlS ba5Is, Incl1 IrwoYerabl¢ VAT, and has been lthd under headlny that ¥re8e al the costs r•lat¢dt¢tlo¢¥•¥hty. DireEt fQ5ts, Ini18 direttty aitATrwtable 5313rie5. a allocated on an actual ba515 tv thE ke¥ stroieilc area5 of artivity. (wérhead$ othEw salarfe5are aMKated b?tWe exppn5e headingsonthe baglsofthe Jm2spent. fjrJvernancec05ts arethoselnconnectbn ththe manaBementofth•charft¥. Or8110al adMInthOn Jnd complhincewith the wherSts canrd1r@ctty attrlbut4d thhaV&been allLr4ted to&[tlb•Th è baslscon5tstentwfthth2 Use Dfthe re59ur¢e lel T¥rkYe Ilwd ¥51ets Ta1 fixed a55etsare I11me?re¢ at ¢0tt3nd Subsequen¥MAred at¢ost tyvaluatK)n, nèt of dÈprIdaOn aTrlany lrnpBirment DYECIatfi 6 reco8ni5ed soastvwrfteoff thecostorv31uation of ass•ts le5Sthi re4thal¥ilue5 oveitheir uselul Ior•the fdknwnE FixbJres, fthngs &equlFrfnent 21$traItI1ne Computqrs 33.3%strht Ie The 88ih Dr ID55 QD di5pos•I of asset is detem)ined a5 the difference between the Sa pr(eedS and thé e•rryln8 v•lue of the a$5et, di5 rwo8Sd In Det Inc(wlleyendlturel Iitheyear. Tr¥deandotherdebtoère recolnised ItthesÈtUemetht am¢urstdue gfrev anytrade d55C¢Jurt0ffer. Prepaymonts arevaluedatthe amount prepak4 Mtof any trado dlscountsdue. 1£) (Bshand o5h¢qufvBlents Cathand cash eouivants cornprfsecash on hand and ull depts. d othershort-term hithly ktyid investments th•t8r• r¢adll¥convprbb1e toakniA¥n3mountof ¢ash amdarÈsubJt1o aThlnslnlfkant r15k of [h¥ge In ¥alÈ. Credltvts proVOn5 are re¢ffjntsed where the (herlty ho5 a pre1 oil*ath)n resuh5w frcth a patt went thètwll I probably rèsult kn the trnn5fer of funds to a thh-d pany and the arnDUnt due tQ Settle the oblllètlon can be rneasured ore5tinated oliably. Creditors are nomiallyre¢ognts¢d atthdr SettrnentanUDtafteT allongfraTrYtfadèd1sCOunts due.
StMattheW5Howe Umh Now5totheA<counts IconVrvJ¢dl F•r¢h•w•f•hd•d 3LAuw#2Q22 11) Ibents The ¢hadty onty has flnan¢lal assets )d fknandal Ilabilrtles of 3 Thd that quamfy as baslc hianrlal knstDJmeTht& Bas1¢ fiThantkl In5trum•nts arn Inltlallyreco8nised attransathon ¥alue and subsequentlymea5ured attheirsetUEMEThtvue. I PeMknTh DbWkn5 The charlty operates a defined cOntrftr0n wskin scheme. Conldbutb)n5 payabk ta thÈ charltws ponsknn schEme are charyed to thE ststernentof FinanrialActMbe5 thc period tD whith they reLe. Ikl EmpbJye beneffts Tc0St0f any unus4d holldayentRIMnoM &rIco8S£d In thE perlod InwhkhtheemplcyeE'5 see$l¢¥ed. T2minatlDn benEfts are recoBni5ed irnmedlite1y is in eynse when the ¢Wty is demonstrablyummitttrytoterminatethe employmwi of an empbyee or prove tennlnitlon benefftts. Iri Taxatknn A5 a tharty, the oryani5ation 15 exemptfrom tax Dn irKome and gaThfallingithln the tsx exempth)rs to the extent thai these a ar4)nedtoitstharft3èobJKIl NotsxtharyeshavÈarfsAn Intkchar6ty. LEages Rental payabk and reCebIeUrderopEr3th7Thasesare Char trthe5Aon a slraL4htllneba5ts overthe perknd of thelÈas. lttl Funth Uhrestri¢ted fund$4redonotyons•M1 otherlh¢ome re¢elY4bQrvneratsd fortheobFctsof thEOrgani3aUonwrthortherSpeCWkO De5wnatsdfrJndsare fund55et asidEatthe di5cretlon ofthE tru5tee51ora spotffi¢prolett. Resirf¢iedfun are ¢• * usedforspe£ln¢ purwsesa$1i doY4n theknd2r. 101 6olryemrTh The financial statements have been prepared on a Éoini cofflcem ba$ts as the ttustees bel'È¥ethat no matertal nCertaintS exist. Thetrus ve COn5idEred thÈ of funds held and thÈ ExpeÈttd level of Sn£ome and eynditure for 12 ThnthS authDrf&lng these financial st¥tsrnents.Thebudwetsd Iri¢omÈ4nd exwditure issufflti¢ntwfth tho Iw•l Dtrè&rwsforthecFArtyto be toconUnu3s a 8oln8 In¢omefromy•nts anddonalom Unf•rtrfcl•d R•strf(tqd To UNÈstwlc Funds Funds 2D22 Funds Rethct Funds Trtal 1021 rants.. C¢xona¥lrusJob Retentlon sc1m& SheffiElillity CLyJndi Grant income.. Foundatlon Pde Nel8thourh¢odTw¥ SheffieldTtynTwst *rtsCountU Enwartd 4ulturÈ 1,240 13,376 L240 13,376 39,718 29.6n 39.7ryJ 29.6n 12,(Th) 20.( 12,rKo 20,r 2.5 Donatlon5 354 354 8.707 4707
S¢M•tthw'sHoux Lknlted Nie5toth?Ar¢ourt% Icontlnuedl Fortha yqar •ndRd alAu8L 2012 In(omefromtharkabh7ac6¥ttl¢s Unr•strl¢t4d Restrfctsd Fur Fll5 T•¢•1 Vnrertrhd Fund5 RestrKted FurKIs Total 2021 Pottery 82,632 45,450 82,632 45,1150 32,IZ4 18,464 I8 32,124 18,464 1.838 52,426 S2,426 frorn oth•rIrad Unr¥trlct¢d Restrki•d fvnds Funds T•t•l Uhréstrttsd ZO22 Funds Restrfrted Funds Total 2021 Pottery Art Café Other 45.465 45A65 22,444 22,444 598 4,745 4757 4,757 4,745 50222 UM¢strd R•#rfct•d Fuhds Tot41 Unrestrfcted 2022 FuTrd5 Rtsirftted Fund5 Total 2021 Grant prore55inEcvst5 I68 L568 5.442 5,442 ilnre5trkled Ileri¢ted Frts Fund$ Totyl Unrethcted 1022 Funds Re¢0 FwThY5 Totsi 2021 Pèttwy&rt Ptsttery& art rnateri315 Wèll-bÈln8 expense5 Art tourKII costs 7,260 1.731 7.2W) L731 1,020 1,020 IL260 6,%5 39,643 147.940 10,042 12,260 18,296 52,678 I,140 431 18,296 52.678 111140 ,221 4A57 34,773 147.940 1252 Wage5 and sali SuppDrtCO5t5 Depreciation 4.870 192 220 910
N•ie$tsthe A¢wtts l¢ondnueOI FovthEtrY•rendedJl Aut11012 ExpeNdhsr•antA•dlw4¢ihii Mstrf¢ted R5tvkt•d Fun& Funds T•tsl leStrled Funds R¢td Funds Total 1021 Pottery & artmat•rfa Tutorfees Wa8e5and salarie5 Support costs Oepretkath) 1535 s,$ 1296 4167 1798 20.626 1.92S L296 4A67 27.698 20,626 1,925 56,412 52 36,8D7 3.432 11352 96107 3.431 fo.i Cafée4uipmeni WJge5 and salarfes 22233 31 22.233 306 12W7 79.259 Stsff Co 2021 walesar salars Employels Nati¢n)I Insuranc• EmpbyeesallLW4ncE Empwr's pensvJn contriJtlns 92,522 135.741 13,6741 1.609 95,823 140171 2,201 139.flJ9 ABenwskaft 3.703 143 No Employee recerrfed emhjmentsofmoreihan E60,LKX). The wera<emonthty of paid ttnploveesdurknl thEyearw•5 712011.. 151. AaSoIsOrt<15 The¢harKyaprtstlonsthesupportuKts bets¥een theCrit1ntr4d1n8 athftle5 undertaken. Chaftab Tradl Tatsl {h•r[tae 2022 Tradi¥ A¢ti¥dle5 Tolal pthry&•rt wage$4ndSa 24,734 37,549 9,IL9 9,572 Ics 16,197 14,860 9.IlJ 33W7 13M9 s58 15J02 316 12JfS J47 16A97 5,148 20 Is7 148J47 5.151 3,679 7,762 1,033 SO.035 39,624 19.098 I154 2,261 16,3É0 30,134 35.945 11.336 ID,D2L 2.058 16,360 27336 147 Miscellaneou5 Loan Interest Bank£har8es Irrtr(tsbleVAT 6ovemJnce 626 MISILinO5 306 306 112J40 7 147 148.947 20,932 168871 ¢hèrltsble8tbWt*support c¢#stotal£lll.140c4%Yhlch Ènl1202J.. £nlll rÈlatesto rtrtrlctedbJnd5. TrOdin88thle$SUpwrtststrta £36.)7 dwhkh£nll12021.. £nlll relate5torestrkied
StMatth•W5MThM Lknltyd Pl•t•stO ihèAtttyJnislttsrttinutdl Foith•y•4r•nd•4 31Auiwt 2022 10 F•t$pxyibltto InJ¢pend¢nt¢x4rnlnsorwWItyTr 1022 1021 IndetndeThtexamlnatknnfee IlnclLth InGovernaeCo5tsl LOSO 11 T3bleId4$Sets PMprty Totsl CoxorV•W 4$ ai I Sewernber 2021 Asat31 Augt I L383,71D L383 71D 33,165 L416A75 13.165 L416.875 at iSeptember2011 Char8eth periad As*t31AuBust20 31149 109,637 li 583 53 32.732 IZl.290 LL070 88,S58 N•tBookValu• Asat31kn8VSt202L Sto 22 20Zi 5tothsheklattheyearend 1.850 2022 2021 TrJd2debtors Prepaymentsand accrued inrome 996 2,701 4540 4.462 14 Crtdittqs". Jmourbtshlh41 withwboney• 2022 20ZI Trade creditor5 Sundry creditors & dep051ts PAYE Actwals Prep3idtradin8 InrLMne Stmaiths PCC Penslo VAT Loans 9,845 10,263 698 iiaoi .981 10,899 8.979 6,058 475 4,027 24,903 10,899 17.202 1&142 9,365 18.449
NotestotheAuounts FWth•ywended 3IAUBt10II 15 Cr8dllNK.awntsl31mn8oUé8fterelhaOY• 20 1021 Barth Loar Other Loan 145,B19 134,550 205,C 142,5LY) 21W 347. ntlal Instrumènts Loarfj Jie repayable as fdbw5.' withln one¥ear Betweehohe totwoyeass Betwntwotofveyea ¢herfveyears 18,142 18,709 60,052 201,608 18,449 24.894 96.546 226.061 ¥S.9S? hn¥n¢i¥l instNments Mea$W èt amort6ed of a £1.91312021.. £165.9571 knk k)¥n provkkd by Charlly Bankwhkh h 6.5X Intevest rate, a Bounce 8ack L03n of £47,54712021.. £SO.CQOI which h8d 4 lrtert ote of 2.5% and an other lo•h •f £14250(20Zl. £150,ty)Oltrorn St Vln¢entHouse whktt la O%lnterosttste. 16 R•Slrf¢Wlyhds Browht Imrd Incomo Expendrtwre Qrrk Tr•nskn forw4rd R•MYlrt•d Fly•dAu•rFnd Prcwrty Re%rve'. Y19,18a 17.79)> 911,393 ThEFqOPErtyresefftrtfltttsth• nèt bookvalueof ltrasehDld prormanCedfrOrn restrKted lund> prtoryew¢•rntfvÈ Brought Colritd Trunsfvrs Aornoro Arts CovAtiIGMAt 19,638 119.638) 9973 .75OJ 919.183 94&61J
NDtestoth•AttourrtsltahtShu•dl Frth¢ ye•r ErAed31 Au4wt2022 17 N•t4$seis byfund 6eTrer Fynd Re5trKte Fund5 Tam8iblefbxed assets turrent assets Creditors of mDre th•none year 384,192 ISl.6471 1280,3691 gllJ93 1,295,585 ISL6471 1280.3691 91LJ93 963 6eneml FuRd Restrirted Totol 2021 TonglbtrefvedGssets NetcurrentossEts Credltors¢Arn¢re tlth one yfuf 388.055 70,676 I347.5) 919,183 1,307.238 7Q676 1947,508J ZIL2Z3 s19.1 03Q406 18 TrW$tsr•mUriIIon and expertsts. and t(•0•keyanYThenI perscffjn The trustees were not phld or retelved 3Try other bÈneftts fiom emFloymert with the <harfty In the yeaw 12021.. £nill reither weie thev reAmbursod expwsesduirydtheyt8rl2021.' £nil). No thadtytrusthe recÈWd payThÈntfor prof@sana1 orother 5er¥lces 5upplled tD the tharhy The keym•wemrttoftht charitycomprisedthe strategicdiréttorlapwlhtèy Mareh 21lahdthe 6Tru$ttts •$ ¥ith¢wrend31 AUgt 202212021.. 81. ThetrtalémployÈènÈfftts0Ithè kÈymarLa8emeM personnelof thecharltywere£lO,60412021.. £nill NDOthèrttasxtitirs hwetaken place wlth related part5 durfn8thÈyoar, othÈrth3n thoge1clud0d1n note 18. 17