R￿stered 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 Matthe￿S 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
COm￿nY 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 Matthe￿S 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, religK*u5 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
ocCupat￿n 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 0￿put 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 eX￿ndItUre 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.e￿5 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 ac￿unt5 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 aCt￿￿leS
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} I66￿37}
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:

$1 M•llfr*w'$ Lkniied
N•ts$tsthtrA¢￿￿nI5
Fortheyearended ai Aupst
A((o￿n￿l pold•s
fjenei•l
St Matthew's HO￿ ￿MIted lsa tharmablefompany kn the Unhed ￿ngd￿rn limited1ty8Uar￿Iee. In ihe eventthatthecharityi5wound up.the
liab￿ty in re5pectof the8uaranteeis limitedto£lO per mèmber Df thecharfty.The addre55 ofthe rtgk%tered office Is 8wen in the charity
The ftnanclal statements been prepared In xcordance ¥Nth the StètÈment of Recommended Pr3thce-. Att¢unth8 and Repjrfng
ChadtSe5 Wepar1r￿ thelr3ccoumsln accordancethe Flnand4 Fi￿¢rtIn8 StandaTd applkableln the UK and RyblK of Ireland IFRS 102115et0￿l
ed￿OnI,th* Flrandal RowJrrin8srandawd applkabKgln the Unrted Kingdomand ReputrAl¢ of Ireland IFRS102laTh4withihEcNgr￿eSACt ZOLJ.
St Matth￿5 House meers the deflnltlon of ¥ publK bEnefit entity under FR$ 102. The finantial staternents are prEpared under the
h15torfcalcostcorhvenUon. Thefinanclal statements are pre5entEd in 5tErtlr* Isthe functional C￿￿enCY0f 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 Te￿i￿eda￿dth￿arnounftan be measured relia￿¥,
mefrom wvemment and other irants, whether'capit7J' gr•rfs or'revemo. granty Is r£coBnlsed whEll the ¢harbiy has Ent￿￿rn•nttQthe
lund51 any performarKe condit￿n51tta1hed tDthe8rants been met. tt 15 probableth*the inlomewill be rt¢eNedandtheamountcan
Cash d¢Natlun5 are re￿nISed ￿ 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¢) DoDo*edseThltesandfadlklÈs
cknnated prokssk>nal servites and éonatsd faclidés ¥e rexfnmd as in[￿ne 7*then the th•rity has control the ￿. any w&tion5
asstthtsd wth the donated Item have met, the re￿Ipt 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% notreco￿1$¢d.
Ckn recelp¢ dcnated professlonal servKes and dDnated f¥¢Jlttles art rew￿￿ed on the ba515 of thE¥al￿e Df the 8lttto th• charty whlch 15 the
amNnt thÈtharttywwld have be￿ wllllngto payioobtanservlre5 orf8ulit*sof equival￿t economlc beneffton theopEn m#rkeL' a
Idl *nd krE￿rIb￿￿AT
Expe[￿ttUre L% recogni5ed 0￿ethere Is J *al or con#ruttfve obM8atknn to makea paylne￿I to 3 thlrd party, It Is prOba￿e that 5etdemehi WUI
be rty￿red and theamountoftheobllgatlon can bemea5ured rel￿bty.
l expendlture Is actollnted for an an a[Cr￿lS ba5Is, Incl￿￿1 IrwoYerabl¢ VAT, and has been lthd under headlny that ¥re8*e al the
costs r•lat¢dt¢tlo¢¥•¥hty.
DireEt fQ5ts, Ini1￿*￿8 direttty aitATrwtable 5313rie5. a￿ allocated on an actual ba515 tv thE ke¥ stroieilc area5 of artivity. (wérhead$ othEw
salarfe5are aMKated b?tWe￿ exppn5e headingsonthe baglsofthe Jm2spent.
fjrJvernancec05ts arethoselnconnectbn ￿ththe manaBementofth•charft¥. Or8￿￿110￿al adMInth￿On Jnd complhincewith the
wher*￿Sts canr￿￿d1r@ctty attrlbut4d th￿haV&been allLr4ted to&[t￿lb￿•Th è baslscon5tstentwfthth2 Use Dfthe re59ur¢e
lel T¥r*kYe Ilwd ¥51ets
Ta￿1￿* fixed a55etsare I￿￿11￿me?￿re¢ at ¢0tt3nd Subsequen￿¥M￿Ared at¢ost tyvaluatK)n, nèt of dÈprIda￿On aTrlany lrnpBirment
DYECIat￿fi 6 reco8ni5ed soastvwrfteoff thecostorv31uation of ass•ts le5Sth*i re4thal¥ilue5 oveitheir uselul I￿or•the fdknwnE
FixbJres, fthngs &equlFrfnent
21￿$traI￿tI1ne
Computqrs
33.3%str*ht I￿e
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 rwo8￿S￿d In Det Inc(w*lleyendlturel Ii*theyear.
Tr¥deandotherdebto￿ère recolnised ItthesÈtUemetht am¢urstdue gfrev anytrade d55C¢Jurt0ffer￿. Prepaymonts arevaluedatthe amount
prepak4 Mtof any trado dlscountsdue.
1£) (Bshand o5h¢qufvBlents
Cathand cash eouiva￿nts cornprfsecash on hand and ull dep￿ts. *d othershort-term hithly ktyid investments th•t8r• r¢adll¥convprbb1e
toakniA¥n3mountof ¢ash amdarÈsubJ￿t1o aThlnslnlfkant r15k of [h¥￿ge In ¥al￿È.
Credltvts proV￿￿On5 are re¢ffjntsed where the (herlty ho5 a pre￿1 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 Sett￿rnentan￿UDtafteT allo￿ngf￿raTrYtfadèd1sCOunts due.

StMattheW5Howe Umh
Now5totheA<counts IconVrvJ¢dl
F•r¢h•w•f•hd•d 3LAuw#2Q22
11) Ib￿ents
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 attheirsetUEMEThtv￿ue.
I PeMknTh DbWkn5
The charlty operates a defined cOntrftr￿0n wskin scheme. Conldbutb)n5 payabk ta thÈ charltws ponsknn schEme are charyed to thE
ststernentof FinanrialActMbe5 ￿ thc period tD whith they reL*e.
Ikl EmpbJy*e beneffts
T￿c0St0f any unus4d holldayentRIMnoM &rIco8￿S£d In thE perlod InwhkhtheemplcyeE'5 se￿￿e$l￿￿¢￿¥ed.
T2minatlDn benEfts are recoBni5ed irnmedlite1y is in eynse when the ¢Wty is demonstrablyummitttrytoterminatethe employmwi of
an empbyee or ￿prov￿e tennlnitlon benefftts.
Iri Taxatknn
A5 a tharty, the oryani5ation 15 exemptfrom tax Dn irKome and gaThfalling*ithln the tsx exempth)rs to the extent thai these a
ar4)nedtoitstharft3￿èobJKIl NotsxtharyeshavÈarfsAn Intkchar6ty.
LEages
Rental payabk and reCe￿bIeUrderopEr3th7Th￿asesare Char￿ trthe5￿Aon a slraL4htllneba5ts overthe perknd of thelÈas*.
lttl Funth
Uhrestri¢ted fund$4redonotyons•M1 otherlh¢ome re¢elY4b￿Qrvneratsd fortheobFctsof thEOrgani3aUonwrtho￿￿rtherSpeCWkO
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 ￿nCertaint*S exist. Thetrus
ve COn5idEred thÈ of funds held and thÈ ExpeÈttd level of Sn£ome and eynditure for 12 Th￿nthS authDrf&lng these financial
st¥tsrnents.Thebudwetsd Iri¢omÈ4nd exwditure issufflti¢ntwfth tho Iw•l Dtrè&*rwsforthecFArtyto be toconUnu*3s 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 sc1￿m&
SheffiElillity CLyJndi
Grant income..
Foundatlon
P￿de Nel8thourh¢odTw¥
SheffieldTty*nTwst
*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
Ni*e5toth?Ar¢ourt% Icontlnuedl
Fortha yqar •ndRd alAu8L￿ 2012
In(omefromtharkabh7ac6¥ttl¢s
Unr•strl¢t4d Restrfctsd
Fur
Fll￿5
T•¢•1 Vnrertrh*d
Fund5
RestrKted
FurKIs
Total
2021
Pottery
82,632
45,450
82,632
45,1150
32,IZ4
18,464
I￿8
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¢str￿d R•#rfct•d
Fuhds
Tot41 Unrestrfcted
2022
FuTrd5
Rtsirftted
Fund5
Total
2021
Grant prore55inEcvst5
I￿68
L568
5.442
5,442
ilnre5trkled Ile*ri¢ted
F￿rts
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$tsthe A¢wtts l¢ondnueOI
FovthEtrY•rendedJl Aut1￿1012
ExpeNdhsr•antA•dlw4¢ihii
Mstrf¢ted R*5tvkt•d
Fun&
Funds
T•tsl ￿leStr￿led
Funds
R￿¢t*d
Funds
Total
1021
Pottery & artmat•rfa
Tutorfees
Wa8e5and salarie5
Support costs
Oepretkath)
1535
s,$
1296
4167
17*98
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￿ salar*s
Employels Nati¢n)I Insuranc•
EmpbyeesallLW4ncE
Empwr's pensvJn contri￿Jtl￿ns
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.
A￿a￿S￿oIs￿Ort<1￿5
The¢harKyaprtstlonsthesupportuKts bets¥een theC￿rit*￿1n￿tr4d1n8 athftle5 undertaken.
Chaftab
Tradl
Tatsl {h•r[ta￿e
2022
Tradi¥
A¢ti¥dle5
Tolal
pthry&•rt
wage$4ndSa￿
24,734
37,549
9,IL9
9,572
Ics
16,197
14,860
9.IlJ
33W7
13M9 s￿58
15J02
316 12JfS
J47
16A97
5,148
20
Is￿7 148J47
5.151
3,679
7,762
1,033
SO.035
39,624
19.098
I1￿54
2,261
16,3É0
30,134
35.945
11.336
ID,D2L
2.058
16,360
27336
147
Miscellaneou5
Loan Interest
Bank£har8es
Irrtr(*tsbleVAT
6ovemJnce
626
MIS￿ILin￿O￿5
306
306
112J40 ￿7
147
148.947 20,932 168871
¢hèrltsble8tbWt*support c¢#stotal£lll.140c4%Yhlch Ènl1202J.. £nlll rÈlatesto rtrtrlctedbJnd5.
TrOdin88th￿le$SUpwrt￿ststrta £36.￿)7 dwhkh£nll12021.. £nlll relate5torestrkied

StMatth•W5MThM Lknltyd
Pl•t•stO ihèAtttyJnislttsrttinutdl
Foith•y•4r•nd•4 31Auiwt 2022
10 F•t$pxyibltto InJ¢pend¢nt¢x4rnln*sorwWItyTr
1022
1021
Indet*ndeThtexamlnatknnfee IlnclLth InGoverna￿eCo5tsl
LOSO
11 T3￿ble￿I*d4$Sets
PMp*rty
Totsl
CoxorV•W
4$ ai I Sewernber 2021
Asat31 Aug￿t 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
Stmaith￿s 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 3IAUB￿t10II
15 Cr8dllNK.aw￿ntsl31mn8oUé8fter￿￿elha￿O￿Y•
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
Betw*ntwotofveyea
¢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 lrter*t ote of 2.5% and an other lo•h •f £142￿50(20Zl.
£150,ty)Oltrorn St Vln¢entHouse whktt ￿l￿a O%lnterosttste.
16 R•Slrf¢Wlyhds
Browht
Imrd Incomo Expendrtwre
Qrrk
Tr•nskn forw4rd
R•MYlrt•d Fly•dAu•rF￿nd
Prcwrty Re%rve'.
Y19,18a
17.79)>
911,393
ThEFqOPErtyresefftrtfltttsth• nèt bookvalueof ltrasehDld pro￿r￿m￿anCedfrOrn restrKted lund>
prtoryew¢•rntfvÈ
Brought
Colritd
Trunsfvrs Aornoro
Arts CovAtiIGMAt
19,638
119.638)
9￿973
.75OJ
919.183
94&61J

NDtestoth•AttourrtsltahtShu•dl
F*rth¢ ye•r ErAed31 Au4wt2022
17 N•t4$seis byfund
6eTrer
Fynd
Re5trKte
Fund5
Tam8iblefbxed assets
turrent assets
Creditors of mDre th•none year
384,192
ISl.6471
1280,3691
gllJ93 1,295,585
ISL6471
1280.3691
91LJ93 963
6eneml
FuRd
Restrirted
Totol
2021
TonglbtrefvedGssets
NetcurrentossEts
Credltors¢Arn¢re tlth one yfuf
388.055
70,676
I347.5￿)
919,183 1,307.238
7Q676
1947,508J
ZIL2Z3
s19.1￿
03Q406
18 TrW$ts*r•mU￿riIIon and expertsts. and t￿(•￿0•key￿an￿YThenI perscffjn
The trustees were not phld or retelved 3Try other bÈneftts fiom emFloymer*t with the <harfty In the yeaw 12021.. £nill reither weie thev
reAmbursod expwsesduirydtheyt8rl2021.' £nil). No thadtytrusthe recÈWd payThÈntfor prof@s￿ana1 orother 5er¥lces 5upplled tD the tharhy
The keym•wem*rttoftht charitycomprisedthe strategicdiréttorlapwlhtèy Mareh 21lahdthe 6Tru$ttts •$ ¥ith¢wrend31 AUg￿t
202212021.. 81. ThetrtalémployÈè￿nÈfftts0Ithè kÈymarLa8emeM personnelof thecharltywere£lO,60412021.. £nill
NDOthèrtta*sxtitirs hwetaken place wlth related part*5 durfn8thÈyoar, othÈrth3n thoge1￿clud0d1n note 18.
17