REGISTERED CHARITY NUMBER 1191412 bEw SALTO ARTS PRODUCTIONS RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2023 BELL TINDLE WILLIAMSON LLP Chart¢r¢d Accountants & Registered Auditors The Old Post Office 63 Saville Street North Shields Tyne and Wear NE30 IAY SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 CONTENTS Report of the Trustees Independent Exarniners Report Receipts and Payinellts Account Staiement of Assets & Liabilities Notes to the Financial Statements Page I SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 REPORT OF THE TRUSTEES The Twstees are pleased lo present their report together with the financial staiements of the Charity for the year ended 31 August 2023. Reference and Administrative Detalls Chority Nume.. Salto Arts Productions Chority Regislr&tinn Number.. 1191412 OperaiiortrtlAddr¥ss.' 10 Windsor Crescent Whitley Bay NE26 2PA B4nkers'. Lloyds Bank 115 Victoria Road Aldershot GUII IJQ IrtrfepeHden¢ Exoniiner.. E. J. Harlshorne-Ferguson BA FCA Bell Tindle Williamson LLP The Old Po81 Office 63 Saville Street North Shields NE30 IAY Truslees.. The Tnjstees who served during the year were as follows.. Elecled Trusiees.. Briaii Debnam Christine Kennedy Jean Laurie Bradley Creswick Elliot Georgye Thomson drew O'sullivan Coleman Macha Nataslia Pauline Mohindra Ruth Fiona Robson Lindsay Ford (Resigned 29.09.23) (Appoinied 09. 11.23) (Appointed 09. 11.23) (Appoinied Q9. 11.23) (AJJpointed 09. Jl.23) Structure Governance xnd Mana ement Governing Doeume*i S<o Arts Productions was registered a5 a Charity on 22 Septetnbei 2020 and is governed by a Con8titution dated 18 September 2020. The Conqtitution gives tlie Trustees ihe power to apply the funds of the Chariry ill Such a manner as they think fil or for the benefit of any charitable object or purpose. Page 2 SAL TO ARTS PRODUCTIOP4S YEAR ENDED 31 AUGUST 2023 REPORT OF THE TRUSTEES Re¢ruilmeMt ondAppoinlMenl of Trtsstees The Trustees named on page I have served throughout the yeer and up to the date of this report. The Constitution of the Charity governs appointment of Trustees. Under the requiretnent of the Constithtion the r￿st Charity Trnstees are as follows, and are appointed on the following tern)s:_ Brian Debe]tham for 4 year8 Jean Laurie for 3 years ChTi5tine Kennedy for 2 years Apart from the firsi Charity Trustees, every Trustee musi be appointed for a terni of three years by a resolution passed at properly convened meeting of the Charity Trustees. Any person retiring as a Charity Trustee is eligible for reappointment. Trustees devote their time voluntarily. When appointing Trustees. emphasis is placed on the diver%ity of skills and knowledge currently required lo be effective. New Tru%tees are considered and selected for their skills, knowledge and experience given the operational ¢litnate and needs of the Charity. Our Pur oses and Activitie$ Purp05e5 Aims The obje¢1 of the Charity i% to advance the education of the public and to promote the public appreciation of arts, culture and heritage with particular reference bul noi limited io carnival and participatory arts mainly in ihe North Ea%t of England by Promoting public knowledge and awareness of the roles played by arts culture and heritage wilh particular reference to carnival and participatory arts in the past. present and future of the North-Easl Region. Providing training via carnival clubs in specific skills relating to carnival arts. Providing opportunities lor local people to panicipate in arts, cultural and heritage activities ihrough involvetnent in preparation for and perfomance of carnivals. sireet parades, open air perforniance and other public events. Promoting carnival arts and other participatory arts. Ertsurirtg Our Ivork Delivers OurAim We review our aims, objectives and actlVLties each year. This review looks at what we have achieved and the outcomes of our work in the previous 12 months. The review looks at the Success of each key activity and the benefits that they have brought lo those groups of people we are set up to help. The review also helps ub to ensure that our aims, objeciiveq and activitie5 have remained focused on our stated purposes. We have referred lo ¥uidanLe Lontained in the Charity's Commission's general guidance on public benefEI when reviewing our alln￿ and objectives and in planning our fu￿re activities. In parEicular. the irustees ¢on8ider how planned activities will ¢ontribul¢ to the aim5 and objectives Ihey have set. Page 3 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 REPORT OF THE TRUSTEES Th¢ For￿.% OEif Work During the year, Salto Arts Productions continued to protnole it5 foul main objectives by hosting the Whitley Bay Carnival in May 2023 and Ilie Mouth Of The Tyne Festival in July 2023. HoTrv Our Aetffivities Deliver Publi¢ BeiiefEt Achieveillertts PcrfvrmtsNee Salto Arts Produciions ¢ontinue8 to maintain and fLulher develop irs excellent reputaliot) as providers of carnivals and workshops. The Trustees are satisfied with what the Charity has achieved during the year. Finxneial Revle The charity. with the aid of sound financial managernent, reports net expenditure of £5,235 for the year. InveslnientPowers Poliey Under the Memorandum and Articles of Association, the charity ha8 the pow¢r to invest how the I￿￿te£S wish. Reserves Policy Going CoNcerrt At the end of the year total ¢abh reserves of the Charity amounted to £951 which were all unrcqtricled. New donor8 are actively beiiig sollghi to guarantee funding that will 8U8tain the Charity's planned expendiiure for the foreseeable future. Trustee5 Res onsibilities in Relation to the Financial Statements The Trustee& are rebponsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law alld reLJulations. Charity law requires the Trustees to prepare financial %tatemetits for each financial year ii,hich give a true and fair view of the state of atTairs of the Charity as at Ilie balance sheei date alld of its incoming resources and application of rebources, includinLT incorne and expendiiure, for the financial year. Page 4 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 REPORT OF THE TRUSTEES Trustees Res onsiblllties iii Relation lo the Finaneial Statements IcoiJ¢iJtiied) In prepartng those flnancial statements. the Trustees are required to.. 8elect suitable accounting policies and then apply them consistently. observe the method8 alld principles in the Chariiies SORP. make sound judgments that are reasonable and prudeni,. slate wheiher applicable UK AcCountll￿ Standards and Statements of Reconunended Piaclice have been followed, subject to any material departLweb disclosed and explait)ed in the fillancial statements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume the Charity will continue in operation. The Trustees have overall responsibility for ensuring that the Chariiy has appropriate systems and controls, flnancial and Otherwi￿e. The Trustees are also respon8tble for keeping proper a¢¢ouniing records whi¢h dssclose with rea%onable accuracy at ally tinie the fllmncial position of ihe Charity atid to enable them to ensure Ihai the financial statement8 comply with the Charities Act 2011. The Twsiees are also r¢sponsible for Safeguarding the asbets of the Chariiy and for their proper application as required by Charity law, and hence for takin¥ reasonable steps for the prevention and detection of fraud and oilier irregularities and to provide reasonable assurance that.. Salto Arts. Produciions is operating efficiently and effectively., All assets are safeguarded against unauthorised use or disp051tion and are properly applied,. Proper records are tnainiained. and financial infOrn￿ll0n used within Salto Arts Productions is reliable. and Salto Arts Productions complie5 With relevant laws and regulations. Truslees The Trustees who served during the year and up to the date of this report are set out on page l. The TTUStees certify that.. So far as we are aware ihere is no relevant inforn]ation of which the Charity'% independent examiner is unaware; and We have taken all the sieps that we ought lo have taken in order to make ourselves aware of any relevant inforn]ation and to establish Ihat ihe Charitls independent examiner is aware of that infom)ation. Approval This report was approved by the board of twstee8 on 25 March 2024. BRIAN DEBNAM Tru8iee Page 5 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the financial statements of the Charity for the year ended 31 August 2023, which are set out on pages 6 to 8. Respective Responsibililies olTrusiees Exominer The Charity's Trustees are responsible for fhe preparation of the financial statements. The Charity's Trustee5 consider that an audit is not required for this year under section 14412} ol. the Charities Act 2011 {Ihe 2011 Aetl and that an independent exaMir￿lI0ll is needed. It t.% my responsibility to.. examine the financial statements under section 145 of the 2011 Act,. to follow the procedures laid dowi ill the General Directions given by Ihe Charity Commission¢r under section 145{51{bl of the 2011 Act., and to slate whether particular maiters have come to my attention. Basis oflndependentE¥aminer'& Reporl My examinatioii wa5 carried oui in accordance with the Genetal Directions given by the Chariry CotTllnissiotker. An examination includes a review of the accounting records kept by the charity and a compaiison of the financial State￿entS presented with Iho.8e records. It also includes consideration of aiiy unusual itemb 01 dssclosures in the financial staiemenls, and the seeking of explanations from you Tru.%tees concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in at] audit and, consequently no opinion is given as to whether the financial statements present a 'true and fair view, and the report is limited to those matters set out in the stalernent below. IMdepelldeni Eyuminer's Stateniehi In conneciion with my examination, no matter ha5 come to my attention.. which give8 tne reasonable cause to believe that, in any tnaterial respect, the requirements.. (al to keep accouniing records in accoidance with section 130 of the 2011 Act,. and to prepare fi[￿nCial statements which accord with the accout]tit]bJ records and io comply with the accounting requirements of the 2011 Act have not been met,. or to which, in my opinion. attention should be dram￿ in order to enable a proper understanding of the financial statements to be reached. Ib) £JitartsAorne.fergzLfon Bell Tindle Williamson LLP Chartered Accoulltants and RegTlStered Auditors The Old Post Offjce 63 Saville Street North Shields TJThe and Wear NE30 IAY E. J. HARTSHORNE-FEROUSON BA FCA Independenl Exatniner 25 March 2024 Page 6 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 RECEIPTS AND PAYMENTS ACCOUNT Unrestrieted Fund5 Restricted Funds Total 2023 Total 2022 Note RECEIPTS Voliintory Receipts Giants and Donation8 2,648 92.500 95,148 1.480 Chatlluble Activities Provi8ion of Services Workshops 13.100 13.100 88,000 655 Othe* TradirtgA¢livities 13,694 13.694 8,572 Other Reeeipis 1.625 TOTAL RECEIPTS 29,442 92.500 121,942 100,332 PAYMEP4TS Cost ofRui.ftrtg FuNds Bid Writin 2,000 C051 of Chariloble Aeiiviiies 33,927 92,500 126,427 140,455 Governance CoJls Independeni Examination 750 750 714 TOTAL PAYMEL¥TS 34,677 92,500 127,177 143,169 NET EXPENDITURE 15,2351 (5.2351 (42,837) CASH FUNDS AT I SEPTEMBER 2022 6.936 6,936 49,773 CASH FUNDS AT 31 AUGUST 2023 1,701 1,701 6,936 The noles on puge 8form part of ihesefinonLi41 st41emertls. Paue 7 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2023 STATEMENT OF ASSETS AND LIABILITIES Unrestricted Funds Restricted b-unds Total 2023 Total 2022 CASH Fuf4DS Lloyds Bank Account 951 951 7,770 951 951 7,770 OTHER MONETARY ASSETS Rent Dep081t 1,500 1,500 ASSETS RET AINED FOR THE CHARITY'S USE Costumes Billy the Giant Trolleys Tools PA Equip]nent Lighiing Flags & Poles Mirror Ball LED Gobo ProJec￿r 2,000 2,500 700 890 250 1.660 1,050 220 1,750 2,000 2,500 700 890 250 1,660 1.050 220 1.750 2.000 730 900 250 1,680 950 230 .782 11,020 11.020 8.522 LIABtLITIES Independent Examination Professional F¢es 750 750 714 120 750 750 834 The tinancial statements set out on page 6 to 8 were approved by the Trustee5 on 25 March 2024 and are signed on their behalf by.. BRIAN DEBNAM Trustee The noies (Inpage 8form parl of the5efin4ncial slulevieni& Page 8 SALTO ARTS PRODUCTIONS YEAR EN'DED 31 AUGUST 2023 NOTES TO THE FINANCIAL STATEMENTS COST OF CHARJT ABLE ACTIVITJES Unreslricted Funds Restricted Funds Tot41 2023 Total 2022 Camival Costs Shimmer Costs Bamardob MLtral Project Rent, Insurance and Service Charges Light and Heal Clearin&) Old Workshop Repairs and Mainienance Teleplioiie and Internet Subscriptions Legal Fees- New Lease Professional Fees Bank Charges 26,338 92,500 118,838 114,162 22,165 ,325 1,567 570 250 1,022 351 100 3,900 1,022 351 100 3,900 171 35 1,794 120 96 173 35 35 1,794 120 96 120 88 33,927 92,500 126,427 140,455