2025-01-31-accounts

Trustees’ Annual Report for the period

From 01/02/2024 Period start date To 31/01/2025 Period end date

Charity name: Staithes Festival of Arts and Heritage

Charity registration number: 1190224

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education of the general public in the artistic and cultural heritage of the village of Staithes, North Yorkshire but not exclusively by holding a festival in the village of art and heritage displays, educational events and workshops.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	hold an annual festival in the village of Staithes
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have regard to the guidance issued by the Charity Commission

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference Successful Festival was held September 2024 attended by thousands of visitors. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Financial position is healthy following the 2024 festival
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The policy regarding the holding of reserves is to hold such funds necessary to ensure the financial adequacy to continue the holding of the annual festival.
Amount of reserves held	Para 1.22	£38000
Reasons for holding zero reserves	Para 1.22	NA
Details of fund materially in deficit	Para 1.24	NA
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution document
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The initial trustees are named in the constitution document. Additional trustees are appointed as and when felt appropriate by the existing trustees. They must indicate their willingness to act before their appointment. There must be at least three in number, all must be over 16. and at least one must be over 18

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	Staithes Festival of Arts and Heritage
Other name the charity uses
Registered charity number	1190224
Charity’s principal address	The Cobbles, High Street, Staithes, Saltburn-by-the Sea, TS13 5BH

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	John Hamlin
	Kevin Wallace	Treasurer
	David Lindley	Chair
	Caroline Paddle

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) K Wallace Full name(s) Kevin Wallace

Position (eg Secretary, Treasurer Chair, etc)

Date

03/08/2025

REGISTERED CHARITY NUMBER: 1190224

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2025

for Staithes Festival of the Arts and Heritage

Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL

Staithes Festival of the Arts and Heritage

Contents of the Financial Statements

for the Year Ended 31 January 2025

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet	4	to	5
Notes to the Financial Statements	6	to	10
Detailed Statement of Financial Activities	11	to	12

Staithes Festival of the Arts and Heritage

Report of the Trustees

for the Year Ended 31 January 2025

The trustees present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1190224

Principal address

Staithes Gallery High Street Staithes Saltburn by the Sea Cleveland TS13 5BH

Trustees

Mr D H Linley Trustee Mrs C Paddle Trustee Mr K A Wallace Trustee Mr J Hamlin Trustee

Independent Examiner

Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... Mr K A Wallace - Trustee

Page 1

Independent Examiner's Report to the Trustees of Staithes Festival of the Arts and Heritage

Independent examiner's report to the trustees of Staithes Festival of the Arts and Heritage

I report to the charity trustees on my examination of the accounts of Staithes Festival of the Arts and Heritage (the Trust) for the year ended 31 January 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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

Stewart Michael Davies ACA FCCA The Institute of Chartered Accountants in England and Wales

Philip Burley & Co Chartered Accountants 28 Bagdale Whitby YO21 1QL Date: .............................................

Page 2

Staithes Festival of the Arts and Heritage

Statement of Financial Activities for the Year Ended 31 January 2025

		31.1.25	31.1.24
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		28,167	25,000
Charitable activities
Core activities		28,601	24,225
Total		56,768	49,225
EXPENDITURE ON
Charitable activities
Core activities		39,244	34,233
NET INCOME		17,524	14,992
RECONCILIATION OF FUNDS
Total funds brought forward		20,372	5,380
TOTAL FUNDS CARRIED FORWARD		37,896	20,372

The notes form part of these financial statements

Page 3

Staithes Festival of the Arts and Heritage

Balance Sheet 31 January 2025

		31.1.25	31.1.24
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	4	1,409	1,566
CURRENT ASSETS
Cash at bank		38,089	20,408
CREDITORS
Amounts falling due within one year	5	(1,602)	(1,602)
NET CURRENT ASSETS		36,487	18,806
TOTAL ASSETS LESS CURRENT
LIABILITIES		37,896	20,372
NET ASSETS		37,896	20,372

The notes form part of these financial statements

Page 4

continued...

Staithes Festival of the Arts and Heritage

Balance Sheet-continued 31 January 2025 FUNDS 6 Unrestricted funds TOTAL FUNDS	37,896 37,896	20,372 20,372

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr K A Wallace - Trustee

............................................. Mr D H Linley - Trustee

............................................. Mrs C Paddle - Trustee

............................................. Mr J Hamlin - Trustee

The notes form part of these financial statements

Page 5

Staithes Festival of the Arts and Heritage

Notes to the Financial Statements for the Year Ended 31 January 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 10% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 6

continued...

Staithes Festival of the Arts and Heritage

Notes to the Financial Statements - continued for the Year Ended 31 January 2025

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted
		fund
		£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	25,000
	Charitable activities
	Core activities	24,225
	Total	49,225
	EXPENDITURE ON
	Charitable activities
	Core activities	34,233
	NET INCOME	14,992
	RECONCILIATION OF FUNDS
	Total funds brought forward	5,380
	TOTAL FUNDS CARRIED FORWARD	20,372

Page 7

continued...

Staithes Festival of the Arts and Heritage

Notes to the Financial Statements - continued for the Year Ended 31 January 2025

4.	TANGIBLE FIXED ASSETS
			Equipment
			£
	COST
	At 1 February 2024 and 31 January 2025		1,742
	DEPRECIATION
	At 1 February 2024		176
	Charge for year		157
	At 31 January 2025		333
	NET BOOK VALUE
	At 31 January 2025		1,409
	At 31 January 2024		1,566
5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Received in advance	31.1.25 £ 1,182	31.1.24 £ 1,182
	Other creditors	420	420
		1,602	1,602
6.	MOVEMENT IN FUNDS
	Unrestricted funds	Net movement At 1.2.24 in funds £ £	At 31.1.25 £
	General fund	20,372 17,524	37,896
	TOTAL FUNDS	20,372 17,524	37,896
	Net movement in funds, included in the above are as follows:
	Unrestricted funds	Incoming Resources resources expended £ £	Movement in funds £
	General fund	56,768 (39,244)	17,524
	TOTAL FUNDS	56,768 (39,244)	17,524

Page 8

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Staithes Festival of the Arts and Heritage

Notes to the Financial Statements - continued for the Year Ended 31 January 2025

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 1.2.23	in funds	31.1.24
	£	£	£
Unrestricted funds
General fund	5,380	14,992	20,372
TOTAL FUNDS	5,380	14,992	20,372
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds	Incoming resources £	Resources expended £	Movement in funds £
General fund	49,225	(34,233)	14,992
TOTAL FUNDS	49,225	(34,233)	14,992
A current year 12 months and prior year 12 months combined position is as		follows:
Unrestricted funds	At 1.2.23 £	Net movement in funds £	At 31.1.25 £
General fund	5,380	32,516	37,896
TOTAL FUNDS	5,380	32,516	37,896

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds	Incoming Resources resources expended £ £	Movement in funds £
General fund	105,993 (73,477)	32,516
TOTAL FUNDS	105,993 (73,477)	32,516

Page 9

continued...

Staithes Festival of the Arts and Heritage

Notes to the Financial Statements - continued for the Year Ended 31 January 2025

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2025.

Page 10

Staithes Festival of the Arts and Heritage

Detailed Statement of Financial Activities
for the Year Ended 31 January 2025
	31.1.25	31.1.24
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	279	-
Grants received	27,888	25,000
Charitable activities	28,167	25,000
Artist payments	15,093	15,147
Advertising	2,100	2,208
Events and other income	3,582	3,060
Car parking	4,480	2,493
Surplus on programme sales	2,546	417
Village Hall rents	800	900
	28,601	24,225
Total incoming resources	56,768	49,225
EXPENDITURE
Charitable activities
Freelance support work	15,000	15,000
Hall hire	1,700	900
Insurance	664	664
Advertising	180	-
Sundries	519	283
Traffic management and parking	6,577	5,156
Repairs and maintenance	159	520
Web site costs	2,869	360
Hire of equipment	6,598	5,585
Music and entertainment	2,906	2,972
Clothing and uniforms	720	850
First Aid services	595	847
Donations	180	500
Support costs	38,667	33,637
Governance costs
Accountancy and legal fees	420	420
Plant and machinery	157	176
	577	596

This page does not form part of the statutory financial statements

Page 11

Staithes Festival of the Arts and Heritage

Detailed Statement of Financial Activities
for the Year Ended 31 January 2025
	31.1.25	31.1.24
	£	£
Total resources expended	39,244	34,233
Net income	17,524	14,992

This page does not form part of the statutory financial statements

Page 12

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustsesl members of Staithes Festival of Arts and Heritage On accounts for the year ended 31 January 2025 Charity no (If any) 1190224 Set out on pagos 1 to9 the I report to the trustees on my examination f the accounts of the above charity {'the Trust") for the year ended 31 loin4 As the charity Irustees of the Trust, you are responsible for the preparation Responslbilities and of the accounts in accordan￿ with the requirements of the Charities Act basis of report 2011 {'the A¢t'l. I report in respect of my examination of th8 Trust's accounts Carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under seotion 145{5)(b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statsment I have no concems and have come across no other matters in conn8Ction with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the word brackets if they do not apply. Signed: Date". Name: Stewart Michael Davies Relevant professional quaiificationlsl or body (If any)". ACA FCCA Address: 28 Bagdale Whitby Y0211QL Section B Disclosure Only Complete if the examiner needs to highlight matters of concem (se& CC32, Independent examination of charity a¢¢ounts'. directions and guidanc8 for examiners). IER October 2018

Glve here brief detalls of any Items thal the examlner wlshes to disclose. IER Octobor 2018