REGISTERED CHARITY NUMBER 1191412 bEw SALTO ARTS PRODUCTIONS RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2024 BELL TINDLE WILLIAMSON LLP Chartered A¢¢oiinlaiit% & Regyistered Auditors The Old Post Offic¢ 63 Saville Street North Shields Tyne and Wear NE30 IAY SALTO ARTS PRODUCTIONS YEAR ELNDED 31 AUGUST 2024 CONTENTS Pa Report of the Trustees Independent Exa]niners Report Receipts and Payments Account Statement of Assets & Liabilities Notes to the FitMncial Statements Page I SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 REPORT OF THE TRUSTEES The Trustees are ple&%ed to present their report together with the financial stalemettts Of the Charity for the year ended 31 August 2024. Reference and Administrative Details Chority N4me.' Salto kns Productions Ch4rity Registr4¢ion Number.. 1191412 Oper4ti0rt4lAddr¢ss.' 10 Windsor Cr¢scent Whitley Bay NE26 2PA Burtkers.. Lloyds Bank 115 Victoria Road Aldershot GUII IJQ Independent E¥amill£r.' E. J. Hartshorne-Ferguson BA FCA Bell Tindle Williamson LLP The Old Post Office 63 Saville Sireet North Shields NEJO IAY Trubtee5.' The Trustees who served during the year were as follo￿5.. Elected TrM51ees.' Brian Debnam Christine Kennedy Jean Laurie Bradley Creswick Elliot George Th0n￿on Andrew O'sullivan Colen￿n Macha Natasha Pauline MohEndra Ruth Fiona Robson Lindsay Ford (ReJigned 29.09.23) (Appointed 09. 11.23) (Appoinied L19. 11.23) (Appoinled 09.11.23) (Appointed 09.11.23) Strueture Governance and ement Governi#g Dorufftenl Salto Arts Productions was registered as a Charity on 22 September 2020 and is governed by a Constitution dated 18 September 2020. The Constitution gives thc Tru8tees the power to apply the funds of the Charity in such a manner as they think fit or for the benefjt of any charitable objeci or putpose. Page 2 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 REPORT OF THE TRUSTEES Recruilmeni tsndAppoin(ment of Trnsiees The Trustees named on page I have served throughout the year and up to the date of this reporL The Constitution of the Chariry governs appointment of Trustees. Under the requirement of the Consiitution the first Charity Trusiees are as follows, and are appointed on the following tem￿... Brian Debnam for 4 years Jean Laurie for 3 years Chrisiine Kennedy for 2 years Apart from the first Charity Trustees, every TTUStee must be apposnted for a temi of three years by a resolution passed at a properly convened meeting of the Charity Twstees. Any person retiring as a Charity Trustee is eligible for reappointment. Trustees devote their time volulltarily. When appointing Trustees, ¢mphasis is placed on the diversity of skills and knowledge currently required to be effective. New Trustee$ ar¢ considered and selected for their skills, knowledge and experience given the operational climate and needs of ihe Charity. Our Pu oses and Actiiryties Purposes andAims The object of the Charity is to advance the education of the public and EO promote the public appreciation of arts, culture and herithge with particular reference but not limited to carnival and participatory arts mainly in the Nonh Easi of England by Prolnoting public knowledge and awareness of the roles played by arts culthre and heritage with particular reference to carnival and participatory arts in the past, presellt and future of the Nonh-East Region. Providing training via carnival clubs in specific skills relating to carnival arts. ProTriding opportunities for local people to participate in arts. cultural and heritage activities through involvement in preparation for and perforn￿lCe of carnivals, street parades, open air perforniance and other public events. Promoting Carnival aTLs and other participatory arts. Ensuring Our Work Delivers Our Aims We re￿tW our aims. objectives and activities each year. This review looks at wljal we have achieved and the outLomes of our work in the previous 12 rnonth5. The review looks at the 5ucce5s of ea¢h key activity and the benefits that they have brought to those groups of people we are set up lo help. 1.he review also helps us to ensure that our aims, objectives and activities have remained focused on our stated purposes. We have referred lo guidance contained in the Charitys Conunission's general guidance on public benefit when re￿eWing our aims and objectives and in planning our fuwre activities. In particular, the trystees consider how planned activities will contribute to the aims a[￿ objectives they have set. Page 3 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 REPORT OF THE TRUSTEES The Foc￿$ ofotsr Work During the year, Salto Arts Productions contitiued to promote its four main objectives by host]ng the Whitley Bay Carnival in May 2024 and the Mouth Ot The Tyne Festival in July 2024. How Our Activities Deliver Public Benefit Aehievemertis Performanee Salto Arts Productions continues to rnainrain and further develop its excellent reputatson as providers of camivals and workshops. The Trustees are satisfied with what ihe Clwity has achieved during the year. Financial Revi¢ The charity, with the aid of sound financial management, reports net incorne of £6,191 for the year. Inwesimertt Powers And Policy Under the Memorandum and Articles of AssLKiation. the charity has the power to invest how ihe trnstees wish. Reserves Poliey Going Concern At the end of the year total cash reserves of the Charity aTnounted to £7,202 which were all unrestricted. New donors are actively being sought to guarantee funding that will 8ustain the Charity's planned expenditure for the foreseeable fvture. Trllstee& Res onsibiiities in Relatioll to the FinaDcial StateJnelltS The Trustees are re5ponssble for preparing the Report of the Trustees and the financial statements in accordance with applicable law and regulations. Charity law requires the Trnstees to prepare financial statements for each f￿anCial year which give a true and fair Triew of the btate of affairs of the Charity a5 at the balance sheet date and of its it]coming resources and application of resources, including inco￿¢ and expenditure, for the financial year. Page 4 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 REPORT OF THE TRUSTEES Trustees Res onsibilitie$ in Relation lo the Financial Statements (conriniied) In preparing those fmancial statements. the Trustees are required to.. select suitable accounting policies and then apply them collsistently. observe the methods and prEnciples in the Charities SORP. make sound judgments that are reasonable and prudent,. state whether applicable UK Accounting Standards and Statements of RecomEnended PractEce have been followed, subject to any material departures disclosed and explained in the flnancial 5tatemenls,' and prepare the financial siatemenls on the goll￿ concern basis unless it is inappropriaie to presume the Charity ￿1] continue in operation. The Trubtees have overall responsibility for ensuring that the Charity has appropriate systems and controls, financial and other￿se. The Ttustees are a150 responsible for keeping proper accounting re¢ords which disclose with reasonable accuracy at any litne the f￿ancial position of the Charity and to enable them to ensure that the fInancial statements comply with the Charitie5 Act 2011. The Tru8tees are a180 re8POt]sible for safeguarding the assets of the C1￿1tY and for their proper application as required by Charity law, and hence for taking reas0z￿ble steps for the prevention and detection of fraud and other irregularities and 10 provide reasonable assurance that.. Salto Arts Productions is operating efficiently and effectively: Ail assets are safeguarded against unauthorised use or disposition and are properly applied,. Proper records are maintsined, and financial infomiation used within Salto Arts Productions is reliabl¢,' and Salro Arts Productions complies with relevant laws and regulations. Trustee5 The Trustees who served during the year and up to the date of this report are set out on page l. The Trustees certify that-. So far as w¢ ar¢ aware there 15 no relevant inforniation of which the Charity's independent examiner 18 unaware., We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant infornMtion and to establish that the Chari[￿S independeni examiner is aware of that inforn]ation. Approval This report was approved by the board of trustees on I l June 2025. BRIAN DEBNAM Trustee Page 5 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the financial statements of the Charity for the year ended 31 August 2024. whE¢h are set out on pages 6 to 8. Respeeiive ResPQrtsibili¢ies of Trusiees Exumiher The Charity's Trustee% are responsible for the preparation of the financial btatemenls. The Charity's Trustees consider that an audii is not required for this year under section 144121 of the Charities Act 2011 (the 2011 A¢tl and ihat an independent examination is needed. It is my responsibility to.. examine the financial statements under section 145 of the 2011 Act. to follow the procedures laid dowi in the General Directions given by the Charity Commissioner under section 145(5){b} of the 2011 Act; and to state whether particular matters have come to my attention. Bosis ofIndep#ndeni Exominer'sRep&rt My examination was carried out in accordance with the General Direction5 given by the Charity Commissioner. An examination includes a review of the accountingy records kept by the charity and a comparison of the financial statement5 presented with those records. It also includes consideration of any unusual items or disclosures in the f￿ancial statements, and the seeking of explanations from you as T￿slee$ ¢onceming any such matters. The procedures ulldertaken do not provide all the evidence that would be required in an audit and, consequently no opinion 15 given as to wheiher ihe financial statements preseni a 'tNe and fair view, and the report Ib limited to those matters set out in the siatement below. IndependentExantineY'sStaiemenÉ In cotmection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect. the requirements.. (a) to keep accounting records in accordance with section 130 of the 2011 Act. and to prepare financial staiements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understAnding of the financial statements to be reached. Ibl £TStartsAorne.fergustyn Bell Tindle Williamson LLP Chartered Accouniantb and Registered Auditors The Old P05t Office 63 Saville Streei North Shields Tyne and Wear NE30 IAY E. J. HARTSHORNE-FERGUSON BA FCA Independent Examiner I l June 2025 Page 6 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 RECEIPTS AND PAYMENTS ACCOUNT Unrestricted Funds Restricted Fund5 Total 2024 Total 2023 Iyote RECEIPTS Volunlary Receipts Grants and Donations 3.838 80,997 84,835 95,148 Ckurituhle Activities Provisioll of Services 10,000 10.000 13.100 Other TrudingAciivilies 18,800 18,800 13,694 TOTAL RECEiprs 32,638 80.997 113.635 121.942 PAYMENTS Cost of CharitableAclivities 25,637 80,997 106,634 126,427 Governance Costs. Independent Examination 810 810 750 TOTAL PAYMENTS 26,447 80,997 107,444 127,177 NET IP4COTrIE I (EXPENDITURE) 6,191 6,191 {5,235) CASH FUNDS AT I SEPTEMBER 2023 1,701 1.701 6.936 CASH FUNDS AT 31 AUGUST 2024 7,892 7,892 1,701 The notes page Iformpart ofthesefinancial 5talemenL& Page 7 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 STATEMENT OF ASSETS AND LIABILITIES Uttrestricted Funds Restricted Funds Tot#1 2024 Total 2023 CASH FUNDS Lloyds Bank Account 7,202 7,202 951 OTHER MOLYETARY ASSETS Rent Deposit 1,500 1,500 1.500 ASSETS RETAINED FOR THE CHARITY'S USE Costumes Billy the Giant Trolleys Tools PA Equipment Lighting Flags & Poles Mirn)r Ball LED Gobo Projector 2,000 2,500 670 880 240 1,640 900 210 1,730 2,000 2,500 670 880 240 1.640 900 210 1,730 2.000 2,500 700 890 250 1,660 1,050 220 1.750 10,770 10,770 11,020 LIABILITIES Independeni Examinaiion 810 810 750 The f￿all¢la1 statements set out on page 6 to 8 were approved by the Trustees on I l June 2025 and are Signed on their behalf by.. BIUAN DEBNAM Trustee The notes on page 8form part ofihesefitrtancialslolements. Page 8 SALTO ARTS PRODUCTIONS YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMEIYTS COST OF CHARITABLE ACTIVITIES Unrestricted Funds Restrleted uAd$ Total 2024 Total 2023 Carnival Costs Rent, Insurance and Service Charges Light and Heal Clearing Old Workshop Repairs and Maintenance Telepholle and Internet Subscriptsons Legal Fees - New Lease Professional Fee5 Bank Charges 22,722 1,998 535 80,997 103,719 1,998 535 118,838 1,022 351 100 3,900 171 35 1,794 120 96 128 35 128 35 120 99 120 99 25,637 80.997 106.634 126,427