Registered Charity Number: 1146648 Company number: 07752686 St MattheS House Limited ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 December 2024 (comparative period: 16 months ended 31 December 2023)
Contents Page Legal and administrative details Trustees, annual report Independent examiner's report Statement of financial activities Balance sheet io Notes to the accounts 11-17
Legal and administrative information Charity number 1146648 Company number 07752686 Other names the charity is known by: The Art House Trustees J McQuater S Linskill The Rev'd G L Naylor Dr S Barfield J Price R Gambe G R Millar C A Gracey (Chairman) Appointed 18/09/2024 Appointed 18109/2024 Resigned 01/0512024 Resigned 22/0512024 Company Secretary J M Hanks Registered office 8 Backfields Sheffield SI 4HJ Independent Examiner Susan Cochrane, FCA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 The Trustees, who are also Directors of the Company for the purposes of the Companies Act, present this Annual Report and Financial Statements of the company for the year ended 31 December 2024. The Trustees confirm that the Annual Report and Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting 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 (FRS102) and with the Charities Act 2011. Objertives and public benefit The charity's objectives are specifically restricted to such purposes which are exclusively charitable in the laws of England and Wales, and for the public benefit, as the trustees shall in their absolute discretion determine, and in particular {but not exclusively): to benefit the inhabitants of the city of Sheffield, and in particular those inhabitants living in the ecclesiastical parishes in the diocese of Sheffield without distinction of sex, sexual orientation, race or of political, religious or other opinions by bringing together the statutory, voluntary and other organisations and inhabitants in a common effort to: improve the physical, mental/emotional and spiritual well-being of inhabitants, particularly inhabitants living with mental health difficulties. advance education (including religious, moral and physical educationl- and provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life of the said inhabitants. In furtherance of these objects but not otherwise, the trustees shall have power to: establish or secure the establishment of a community centre; maintain or manage or co-operate with any statutory authority in the maintenance and management of a community centre; for activities promoted by the charity in furtherance of the above objects. In setting the objectives and planning the activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and fee charging. Summary of main artivities The Board of Trustees are extremely grateful to the whole team who have developed and delivered our model over this period. Following on from the steps made last year a more robust operational model has been developed which responded to the challenges incurred from starting back-up from the pandemic. A more commercial delivery that reduces the charity's dependency on public funding is proving to produce small and manageable growth. Although we are at the first stages of changing our structure it can be seen in the accounts that this approach is workin& and we will continue to move to more independency.
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 Summary of main artivities (continued) The Art House continues to operate. Seing the community with two Wellbeing projects to SUPPOrt people who are vulnerable and living with mental health and addiction issues. A series of contracts with other like-minded local charities to use our resources and space has also started and an area we wish to grow. During this year the Art House has: Developed the new operational structure Continued the delivery of the Anderson-Green Project in cooperation with the parish nurses Secured new income pathways Reduced dependency on grants Secured the business model Continued in charitable wellbeing groups The Finance Committee has evolved to become the finance and general purposes committee and meets ahead of every board meeting to review finance, assess and discuss issues as well as review our structures and opportunities for growth as well as stability. The Pottery continues to be a higher income pathway but is more balanced with our other art courses and workshops which have continued to grow. Pottery Open Studio members who pay a monthly subscription to our studios has increased to 150 members. The growth has been facilitated by us reconfiguring the space to increase capacity. We have continued to reduce our wage liability for staff by continuing to engage external tutors on short term contracts. We now provide more Art Courses along a new timetable which enables US to deliver a breadth of new courses and workshops. We have concentrated on more workshops rather than longer courses. This has been to respond better to the market in the face of the "cost of living crisis" Our second Summer School grew from the first year, this is an important income stream at our traditional quieter period. We collaborated with the local arts organisation'open Up Sheffield, which we will continue to develop allowing us to increase our income from gallery sales and gain new audiences. The board met bimonthly during this period. Its sub-committee with a focus on Finance and HR have met regularly in-between board meetings. Particular areas focussed on by the board- l. The board has worked with our Strategic Lead to oversee and improve the day to day working of the charity. 2. The board successfully managed to use our assets to maintain our work. We have maintained and increased our loan repayments. 3. The board sought to support staff and recognise their hard work in challenging times through initiating a new pay structure benchmarked by the Real Living Wage. 4. We worked towards increasing the hours of the Strategic Leader.
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 Summary of main artivities (continued) We have continued to maintain space for the parish church in its work and mission and ministry and we have sought built and developed our work in collaborating with the Parish Nursing Project. 6. We have recruited two new trustees in succession to Caroline and Graham who retired. 7. We maintained an annual trustee away day to improve our governance Achievements and Performance al The charity has continued to operate and pay all of its creditors including its loan obligations. During this period we have overpaid our lenders reducing interest in doing so. This is a significant milestone for the charity. The model initiated under the present leadership has delivered an operational profit, which hasn't been seen in the past. Previous profits were only deliverable with grants. It shows that with cautious planning and delivery we will be able to continue to turn a profit in the future and best see our clients and stakeholders. bl Clearer financial reporting has enabled the board to take more proactive decisions for the future. cl Courses continued to prove popular, and we have sought to adapt our offer dl As a charity we have maintained a wellbeing offering and increasing it through the Anderson- Green project (for those recovering from drug and drink addiction). This has grown and been well received and respected across the city. e) We secured almost £4,192 from the Safer Sheffield Partnership towards our work with those in Recovery from addiction. fl We have invested in our buildings through redecoration and a new reception. Spaces have been reconfigured to maximise use. gl We have grown the number of users of our subscription Open Studio increasing regular sustainable income as we do so. This has grown from under 100 to 150. This is an outstanding achievement of the year and is driving income. h) We have focussed on our courses which deliver profitability i} We have maintained and formed relationships with other partners in the city. These range from our fellow St Matthew's partners; the parish nurses, and with figures from the arts and are looking at new partnerships across the city to deliver a lights show in December 2025. jl We have put in place a new HR system. This has brought us into line with latest legislation and makes us compliant. We have engaged HR Bright to assist us in this work and we have an on- going relationship with them. The Board acknowledges that the new model has provided a more secure and sustainable financial position, with capacity for growth and debt servicing. However, it also recognises that this represents a shift from its established governance framework, and has therefore sought professional advice to ensure full compliance with all relevant regulatory requirements.
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 Financial Review and Reserves Policy The statement of financial activities is set in the financial statements. Income for the year amounted to £307,047 12023: £340,263). Total expenditure amounted to £293,142 12023: E334,5811. Net movement in funds for the year was a net income of £13,905 (2023- E5,6821 resulting in net assets at the year-end of £983.15612023: £969.2511 The Trustees have considered the level of unrestricted funds. which they see as appropriate to hold in reserve and have concluded thatthis should be the equivalent of a minimum of three month's salary expenditure. The Trustees aim to have £21,000 to hand but have a longer-term goal of reaching £50,000 in reserve. The Trustees will keep the level of reserves under review and keep them inline with the wage bill. As at 31 December 2024 free reseNes (comprising net current assets less loans relating to property) were negative £37,54812023: negative £42,941). The Trustees continue to address the concerns of the financial position by working closely with our Strategic Director and the Finance Manager. The business plan we have developed has provided a much more manageable operation delivery with new income pathways which are measurable The charity also continues to receive the support of its principal creditors and loan providers to be able to adapt to any changes in the charitvs circumstances. The Parish Church of St Matthew, Carver Street is the Sole Member of the Charity and we are therefore part of a wider grouping should there need to be assistance. Future Plans The Charity is in a stronger position both financially as well as operationally, with a much clearer vision and business model. We have continued to grow the number of participants using our facilities and the Anderson-Green project for those on a recovery journey from addiction has continued to run successfully. For the first time in several years, we have been able to invest in our plant and that has in turn increased usage. Although we are in a stronger position, we recognise the challenges on a day-to-day basis as well as those ahead of us. But we have a clear, consistent and coherent plan to continue to increase revenue. The historic loans on the buildings here have continued to be paid down and have reduced significantly in this period, and the more commercial income streams increased giving us a more stable base. Risk management The trustees have given consideration to the major risks and have given significant time to updating its risk register this year. They are satisfied that control systems and procedures a re established in order to manage these risks.
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 Structure, governance and management The charity is governed by its Memorandum and Articles of Association and is incorporated as a company limited by guarantee. Members of the charity guarantee to contribute £10 in the event of winding up. The sole Member of the Charity is Parochial Church Council for the Ecclesiastical Parish of Sheffield St Matthew in the Diocese of Sheffield. Governance Trustees are appointed by the Parochial Church Council of St Matthews, Carver Street, subject to the rules laid down in the Memorandum and Articles of Association. The term "Board" is defined as the meetings of the trustees. The Board's main duty is to manage the Charity, ensuring good governance and practice. Once appointed, Trustees must make themselves aware of the terms of the Memorandum of St Matthew's House, familiarise themselves with the charitvs property, policies, human resources, client needs and finances. They will ensure that the staff are well looked after, that investment of the charity funds complies with the terms of the Memorandum, and that the strategy and objectives of St Matthe)Ws house are developed. The Board will act exclusively in the best interest of the charity. Therefore, a Trustee must not allow a situation to arise where their duty as a Trustee conflicts with their own personal interest. They are required to manage the charity and to ensure that the objectives of the chair are met. The Board will spend time inducting new Trustees by informing them about: A brief history of the organisation- Strategic direction and mission statement; The structure of the organisation, committees, sub-committees, working groups, user groups, staff and volunteers. and the partnership with the mission of St MattheS House; and The business plan of St Matthew's House. The Board will ensure that new Trustees will know enough to be able to carry out their role, but not be overloaded or mislead them about the level of work involved. All Trustees give their time freely and no remuneration or expenses were paid in the year. 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 Trustees which meets bi- monthly. There are two sub-committees of the board which focus on Finance 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 received.
St MattheWs House Limited Trustees, annual report For the year end 31 December 2024 Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing a Trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources. including the income and expenditure, of the charitable group for that period. In preparing the financial statements. the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP- Make judgements and estimates that are reasonable and prudent- State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fra ud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Small Company Provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Approved by the board on trustees by- 22 Oct 2025 and signed on behalf of the The Rev'd G L Naylor Chairman
Independent examinerfs report to the direttors of St Matthe¥rfs House Limited I'the Compan*) I report to the charity directors on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charitvs trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 AcV}. Having satisfied myself that the accounts of the Company are not required 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 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examinerfs statement- matter of concern identified Since the Charit¢s gross income exceeded £250,OOOyour examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of the Institute of Chartered Accountants in England and Wales, 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- accounting records were not kept in respect of the Company a5 required by section 386 of the 2006 Act,. or the accounts do not accord with those records: or 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 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 IFRS 102). During my examination l identified a weakness in the chariWs accounting records concerning the identification and recording of deferred income. At the year end, no report was generated from the sales system to determine income received in advance, resulting in an absence of contemporaneous evidence to support the deferred income position. The deferred income balance was subsequently reconstructed after the year end through retrospective analysis. While appropriate adjustments were ultimately made, the lack of timely records represents a lapse in financial control. Management has advised that procedures have now been established to ensure deferred income is properly identified and recorded at each future year end. I have no other 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: Susan Cochrane FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH Date: 22 Oct 2025
St Matthew's House Limited Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 December 2024 (comparative: 16 months ended 31 December 2023) Unrestricted Restricted funds funds Total Unrestricted Restricted 2024 funds funds Total 2023 Notes Income from: Grants and donations 732 8,418 9,150 522 35,090 35,612 Charitable activities 198,072 198.072 207.383 207,383 Other trading activitie 94.024 94.024 92.877 92.877 Room rental income 4,782 4.782 3.446 3,446 Investments- bank interest 1,019 1.019 945 945 Total income 298.629 8,418 307,047 305,173 35,090 340,263 Expenditure on: Raising Funds 2,542 2.542 2.486 2,486 Charitable activities 204,544 14.464 219.008 218.892 41,692 260,584 Trading and other 67,548 71,592 71,511 71,511 274.634 18,508 293,142 292,889 41,692 334,581 Net income/(expenditure) 23,995 110,090) 13,905 12.284 16,6021 5,682 Fund transfers 16 1,000 {i.CK)O) Net movement in funds 24.995 111.090) 13.905 12,284 16,6021 5,682 Total funds brought forward 64,460 904,791 969,251 52,176 911,393 963,569 Total funds carried forward 89,455 893.701 983,156 64,460 904,791 969,251 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The comparative period covered 16 months to 31 December 2023: the current year covers 12 months to 31 December 2024, and the results are therefore not directly comparable.
St Matthew's House Limited Balance Sheet As at 31 December 2024 Total 2024 Total 2023 Notes Fixed assets Tangible assets li 1,269.336 1,280,400 Current assets Stock Debtors Cash at bank and in hand 12 13 1,330 2,962 48,535 1,258 10,534 37.070 Total current a5setS 52,827 48,862 Creditors: amounts falling due within one year 14 (104,4931 1105,536) Net current assets {51,6661 156,674) Total assets less current liabilities 1,217,670 1,223,726 Creditors: amounts falling due after more than one year 15 1234,5141 1254,475) Total net assets 983,156 969,251 Represented by: Funds of the Charity Unrestricted funds Restricted income funds 89,455 893,701 983.156 64,460 904,791 969,251 16 17 For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime. 22 Oct 2025 )rnvpd hv thp RnArd nf Trii£tpp% nn and signed on their behalf by: The Rev'd G L Naylor Chairman io
St Matthew's House Limited Notes to the Accounts For the year ended 31 December 2024 Accounting policies lal General St Matthew's House Mr(ed is a charitable company in the United Kin8dom limiied by guarantee. In the event that the charity is wound up. the liability in respect of the guarantee is limited to £10 per member of the chari(y. The address of the registered office is given in the charity The financial statements have been prepared in accordance with the Statement of Recommended Prartice.. Accounting and Reporting bv Charitie5 preparing their account5 in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102115econd edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows. The comparatNe information relates to a 16 month period ended 31 December 2023. Consequent. the amounts presented in the Statement of Financial Actwities are not directly comparable. St Matthew'5 House knmited meets the definition of a public benefft enttty under FRS 102. The financial statements are prepared under the historical c05t convention. The financial statement5 are presented in Sterling which is the fvnctional currency of the charity and are rounded to Ibl Income Income is recognised when the charity has entitlement to the funds. any performance condrlions attached to the itemlsl of incorne have been met, it 15 probable that the income will be received and the amount can be measured reliabty. Income from government and other grants. whether'capital. grants or'revenue. grants. is ieco8nised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be Cash donations are recognised on receipt. Other donation5 are recognised once the charrty has been notihed of the donation, unless performance condttions require deferTrl of the arnount. Income tax recoverable in relation to donations reiVed under Grft Aid or deed5 of Icl Donated services and fa¢ilities Donated professional services and donated facilities are recognised as income when the charty ha5 control over the item. any conditions a550Clated with the donated itern have been met. the receipt of economic benefi.t from the use by the charity of the itetn is probable and that economic benefrt can be measured reliab. In accordance with the Charrties SORP IFRS 1021. general volunteer time is not recognised. On receipt, donated professional services and donated facilities are recogni5ed on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain Services or facilities of equivalent econornic benefit on the open rnarket,. Idl Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required 3nd the amount of the obligation can be rneasured ieliablv. All expenditure is accounted for on an accruals basis. including irrecoverable VAT. and has been listed under headings that aggregate all the costs related to that activity. Direct costs. including directly attributable salaries. are allocated on an actual ba515 to the key strategic areas of activity. Overhead5 and other 5alarie5 are allocated between expense headings on the ba515 of the time spent. Governance costs are those in connection wtth the mana8ement of the charity. organisational administration and compliance with the Where costs cannot be directly attributed they have been allocated to attwities on a basis consistent with the use of the resources. lel Tangible fixed assets Tangible fixed assets are initially measured at cost and 5ub5equently measured at cost orvaluation. net of depreciation and any impairrnent Depreciation is recogni5ed so as to write off the cost or valuation of assets les5 their residual values over their useful lives on the following bases.. Fixtures, fittings & equipment Computers 20% straight line 33.3% straight line The gain or loss arising on the disposal of an asset is detem)ined as the drfference between the sale proceeds and the carrying value of the asset. and is recognised in net income/lexpenditurel for the year. In Debtor5 Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued ai the amount prepaid net of any trade discounts due. li
St Matthew's House Limited Notes to the Accounts Icontinuedl For the year ended 31 December 2024 Accounting policies Icontinuedl Igl Cash and Cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-temi highly liquid iThvestments that are readily convertible to a known amount of 5h and are Subject to afi insignthcant risk ol chaTr8e in value. Ihl Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation be measured or estimated reliab. Creditors and provi5ion5 are normalty recognised at their settlement amount after allowing for any trade discounts due. lil Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. til Pension obligations The charity operates a defined contribution pension scheme_ Contributions payable to the charrty's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Ikl Employee benefits The cosi of any unused holiday entitlement is recognised in the period in which the employee's services a received. Terminaiion benefits are recognised immediately as an expense when the charity is deMOnrably committed to terminate the employment of an employee or to provide termination benefits. 111 Taxation As a charity. the organisation is exempt from tax on income and gains tdlling wtthin the available tax exemptions to ihe extent that these are applied to its charitable object> Im) Leases Rental payable and receivable under operation leases are charged to the SOFA on a straieht line basis over the period of the lease. Inl Funds Unrestricted funds are donations and other income recewable or generated for the objects of the organi5ation without further specified purpose and are available as general fvnds. Designated funds are funds set aside at the discretion of the truee$fOr a specffic projett. Restritted funds are to be used for spectfic purposes as laid down by the funder. lol Going Concem The financial statements have been prepared on a going concern basi5 as the trustees believe that no material uncertainties exist. The trustees have considered the level of fund5 held and the expected level of income and expendtture for 12 months from authori5ing these financial statemenis. The budgeted income and expenr(u is suffi.cient wtth the level of reserves for the charity io be able to continue as a going concern. Income from grants and donations Unrestricted Restricted Funds Funds Totsl Unrestricted 2024 Fund5 Restricted Funds Total 2023 Grant income.. Sheffield City Council The J G Graves Charitable Trust St Agatha's Community Kick Start Fund Sheffield Town Trust South Yorkshire Housin8 Association 7.689 7.689 3,CM)O 1,300 5,CM)O 24,790 1,300 5,CM)O 24,790 Donations 732 729 1.461 522 1,522 732 522 12
St Matthew's House Limited Notes to the Accounts Icontinuedl For the year ended 31 December 2024 Income from charitable acbwties Unrestrlrted Restrfrted Funds Funds Totsl Unrestrirted 2024 Fund5 Restricted Funds Total 2023 Pottery Art Other 128,899 64.899 4,274 128,899 64.899 4,274 104,489 65,920 36,974 104,489 65,920 36,974 198,072 198,072 207,383 207,383 Income from othertrading activities Unrestricted Restritted Funds Funds Total Unrestritted 2024 Funds Restricted Funds Total 2023 Pottery Art Other 9,504 74.879 9.641 9.504 74.879 9.641 11.425 70.162 11.290 11,425 70,162 11,290 Expenditure on raising fund5 Unrestricted Restricted Funds Funds Total UThrestricted 2024 Funds Restricted Funds Total 2023 Grant processing salary costs 2.542 2.542 2.486 2,486 2.542 2.542 2.486 Expenditure on charitable actiwties Unrestricted Restricted Funds Funds Totsl Unrestritted 2024 Funds Restritted Funds Total 2023 Pottery & art Pottery & art materials Well-being expenses Tutor fees Wages and salaries Support costs Other Depreciation 9.512 563 1.3¢J) 10.075 3.2CM) 39.988 33.853 124.175 83 7.634 8.409 5,645 18,355 679 4,296 2,336 14,054 19,035 39,978 41,226 135,579 39,988 33.lJ)I 120.1 39.299 36.930 133.243 8S2 4.115 83 7.634 331 10,381 10,712 14 218 892 13
St Matthew's House Limited Notes to the Accounts Icontinuedl For the year ended 31 December 2024 Expenditure on trading activities Unrestricted Restricted Funds Funds Total UThrestricted 2024 Funds Restricted Funds Total 2023 Pottery& art Pottery & art materials Wages and salaries Support costs Other Depreciation 3,903 14,360 49,279 3,903 14,360 49,279 620 3.430 4.011 15.674 47,354 4,011 15,674 47,354 614 3A30 4.161 4,161 Loss on disposal of fixed asset 311 311 67y8 71.592 71.511 71,511 Staff Costs 2024 2023 Wages and salaries Employer's National Insurance Employer's allowance Employer's pension contributions 116,449 6,759 16,1641 1,877 118,921 105.882 5,801 15,5571 1,689 107,815 Freelance staff 6,771 20.891 125 692 128 706 No employee received emoluments of more than £60.(KL). The average monthly number of paid employees during the year was 812023= 61. Analysis of support Costs The charrty apportion5 the support Costs between the charitable and trading activities undertaken. Charitable Trading Attivities Acbvtties Total 2024 Charitsble A¢tivities Trading Activities Total 2023 Pottery& art Wages and salaries Office costs Miscellaneous Loan interest Bank charges Irrecoverable VAT Governance 50.919 26,813 14.278 5.078 3.359 17,(K)6 6.722 124.175 24.017 12.045 6.407 2.281 74,936 38,858 20,685 7.359 4,868 17,006 9,742 173,454 49.232 41.514 9.367 7.655 3.637 15.963 8.211 135.579 20,088 16,126 3,565 2,973 1,413 69,320 57,640 12,932 10,628 5,050 15,963 11,400 182.933 3.020 49.Z79 3,189 47.354 Charitable activities 5UPPOrt Costs total £124.175 of which £4.115 relate5 to restricted fund Trading actNttie5 SUPPOrt C05t5 total £49.279 of which £nil relate5 to restricted fund5. 14
St Matthew's House Limited Notes to the Accounts Icontinuedl For the year ended 31 December 2024 10 Fees payable to Independent examiner's organisation 2024 2023 Independent examination fee (included in Governance Costs) 1.235 1.375 Other fees payable to independent examinerfs organisation were= Taxatloll 5ervice5 210 11 Tanglble flxed aets Long Leasehold Propertv Fixtures, fittings and equipment Totsl Cost or Valuation As at I September 2023 A5 at 31 December 2024 1,383,710 1.383.710 32,413 32,413 1,416,123 1,416,123 Depreciation As at I September 2023 Charge thi5 period As at 31 December 2024 103,310 11,064 114,374 32,413 135,723 11,064 146,787 32,413 Net Book Value A5 at 31 December 2024 1 269 336 1269 336 A5 at 31 August 2023 12 Stock 2024 2023 Stocks held at the year end 1,330 1,258 1,258 Debtors 2024 2023 Trade debtors Prepayments and accrued income 2,LKII 961 1.531 9,(K)3 14 fJedltors'. amounts falllnz due wlthln one year 2024 2023 Trade creditors Sundry creditors & deposits PAYE Accrua15 Prepaid trading income St Matthews PCC Pension 3,719 12,217 4,537 9,302 24,981 10,899 913 18,559 19,366 6,325 1,117 2,579 6,392 38,739 10,899 530 20,104 18,851 VAT Loans 105 536 15
St Matthew's House Limited Note5 to the Accounts Icontinuedl For the year ended 31 December 2024 15 Creditors.. amounts falling due after rnove than one year 2024 2023 Bank Loans Other Loan 118,114 116,400 130,575 123.900 234 514 254 75 Financial instruments Loan5 are repayable as follow5= Within one year Between one to two year5 Between two to five years Over five year5 19,366 19,915 63,658 150,941 18.851 19,416 61.860 173.199 273 3Z6 Financial instruments measured at amortised cost comprise of a £94,24212023: £101,043) bank loan provided by Charity Bank which has a 6.5% interest rate, a Bounce Back Loan of £35,73812023= £40.8831 which had a interest rate of 2.$% and an other loan of £123,9(X)12023.. £131,400) from St Vincent House which had a 0% interest rate. 16 Restricted funds Brought forward Carried forward Income Expenditure Transfers Anderson Green Project Sheffield City Council Ward Pot New Kiln Fundraiser 3.779 4.944 2.745 729 14.6991 12.7451 11,CM)01 3,024 729 Restricted Fixed Asset Fund Property Reserve 1.012 111.0641 889,948 893 701 Anderson Green Projert The Anderson Green project is a new Wellbeing Initiative providing a Friday night café and Art Class with a homemade free hot meal, art and peer 5UPPOrt for those recovering from addictions. The transfer relate5 to C05t5 incurred in the prioi year being allocated to the restricted fund. Sheffield City Council Ward Pot Funding recewed to support the Art House in renovation works to create a new entrance and reception area. New Kiln Fundraiser Fudraiser to purchase a new Rohde TE250S kn'ln. Property Reserve The property reserve refletts the net book value of leasehold property financed from restritted funds. Prioryeorcomport7tive Brought forword Corried forward Income Expenditure Trunsftrs Anderson Green Project Sheffield Town Trust J G Graves Choritoble Trust 27.090 123,311) (5.(KVJ (3,)j 3,779 Restrirted FixedAssetFund Property Reserve 911.393 110.381) 901,012 911393 16
St Matthew's House Limited Notes to the Accounts Icontinuedl For the year ended 31 December 2024 17 Net assets by fund General Fund Restricted Fund5 Total 2024 Tangible fixed assets Net current asset5 Creditors of more than one year 375.635 151.6661 1234.5141 893,701 1.269,336 151,6661 1234,5141 893 701 Prior yeorcomport7tive Generol Fund Restricted Funds Totol 2023 Tungiblefixedossets Netcurrent055ets Creditors of more tht7n one yeur 379.388 156,674) (254,475) 901,012 1,280,400 (56,674) 1254,475) 901012 969 251 18 Trustee MUneratIon and expenses, and the costof key management personnel The trustees were not paid or receNed any other benefits from employment with the charity in the year12023.. £nill neither were they reirnbur5ed expenses during the year12023= £nill. No charty trustee reNed paymerrt for professional or other services supplied to the charitv 12023: £nill. The key management personnel of the charity comprise the strategic director and the trustees. The total employee benefits of the key rnanagetnent personnel of the charity were £36.31612023.. £10.£INI. 19 Related party transactions St Matthew'5 PCC 15 the 501e mernbei of the Chartty. During the year incorne of £6.036 was received from them being recharge5 for utilitie5 and reimbursements for specific purchases. Expenses of £5.107 were paid to them for contributions to wards insurance costs and other one off specific expenses. No other transactions have taken place with related parties during the year. other than those included in note 18. 17