2023-04-30-accounts

Trustees’ Annual Report for the period

From 1/5/22 Period start date To 30/4/23 Period end date Charity name:The Edge Musical Production Organisation ( TEMPO )

Charity registration number: 1107415

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governingdocument	Para 1.17	To put on Musical Shows as near as possible to a professional theatre standard
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	Over a period of 51/2 months the youth members of the group meet for training and rehearsals under the guidance of musical and theatre directors and a choreographer
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The local area benefits from a show of a professional standard with many of the group going on to theatre school and a professional career on stage and screen.

Additional information (optional)

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	SORP reference
Policy on grant making	Para 1.38	We do not make grants
Policy on social investment including program related investment	Para 1.38	We do not invest funds
Contribution made by volunteers	Para 1.38	We have no employees, we rely on volunteers to run the group and to help during shows.
Other

Achievements and Performance

	SORP reference
Summary of the main 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.	Para 1.20	Another successful show staged by the youth members in March 2023. This year’s production was Footloose which was performed to packed houses at the Evans Theatre Wilmslow. The kids spent six months rehearsing and developing their singing, dancing, acting and team working skills.

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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 theperiod	Para 1.21	We remain in a strong financial position and have recovered from COVID. We have circa £25K in the bank
Statement explaining the policy for holding reserves statingwhytheyare held	Para 1.22	Since COVID theatre cancellation insurance is un affordable so we need at least £20K to cover costs
Amount of reserves held	Para 1.22	£25K less £3.5K liabilities
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in deficit	Para 1.24	none
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	none

Additional information (optional)

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The charity’s principal sources of funds (including any fundraising)	Para 1.47	Grants from arts groups and local council plus donations. Ticket sales cover half our costs. Two fund raising concerts are held each year
Investment policy and objectives including any social investment policy adopted	Para 1.46	We do not invest
A description of the principal risks facing the charity	Para 1.46	Main risk is show cancellation as occurred to many groups during COVID which would result in costs and income loss
Other		-

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	association
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	By vote at AGM

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

Reference and Administrative details

Charity name Other name the charity uses Registered charity number 1107415 Charity’s principal address 89 Moor Lane Wilmslow Cheshire SK9 6BR

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)
	Alison Bisset	Chair
	Rachel Darling	Ticket Secretary
	TiffanyHenry	Media
	Trish Moulton	Treasurer
	A Butler-Smith
	Lynn Ashall
	Alistair Duffy
	Susan Duffy
	Claire Jones	Communication
	Nicola Connor	Secretary
	Rob Bisset	Assistant Treasurer

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 none 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) Rob Bisset Full name(s) Robert A L Bisset Position (eg Secretary, Assistant treasurer Chair, etc) Date 2 / 8 / 2023

TEMPO ACCOUNTS

1st May 2022 - 30th April 2023

TEMPO is a registered charity ( number 1107415 ) and is required to produce audited accounts each year and to file these on the Charity Commission website. You can see the accounts and the annual trustees reports for the last few years online using the above charity reference number. Charities do not automatically get tax free status as many exist more for the charity executive than for the good cause they support. We are assessed by HM Revenue and Customs every five years and as all the funds raised by TEMPO are used for group activities ( the committee members / Trustees receive no remuneration or expenses for their efforts and we have no salaried staff ) we are not taxed when the group is in surplus thus all monies donated to the group are kept by the group and used to put on musical theatre shows.

We are indebted to the many volunteers who help to run the group and particularly to the backstage volunteers who bring their many theatre skills to help us each year free of charge. Without them we would not be able to function.

The following accounts show that, like everything else, the cost of producing shows is increasing. As the group has no premises or major assets the accounts are produced on a cash in hand basis. Whilst this gives an overall view of our financial position the figures can be distorted by the late presentation of bills by our suppliers and by the early payment of subs by keen members. Previous years figures are provided to clarify the picture. We need around £20,000 in the bank to stage a show in case we have to cancel for any reason. ( insurers do not cover cancellation due to acts of God or government edict such as the pandemic, we were lucky in 2020 to be able to put on a show though ticket sales suffered. )

Cash in bank at AGM Current account. Savings account. Total.

2019 42nd Street £17,031 £5,985 £23,016 2020 Guys and Dolls £8733 £5,999 £14,732 2021 No show £8599 £6,000 £14,600 2022 Chicago £18,191 £6,001 £24,192 2023 Footloose £22,428 £6,518 £28,946

Though the above figures show an improving financial position we have liabilities that we would normally have paid within this financial year of £1,500 ( Scout hut hire, bill delayed ) and the licence for the next show which has usually been paid by now, contract just received ( up to £2,000 ). Also, not all income is banked within the financial year in which it is earned. Even so allowing for liabilities we enter the 2023 / 2024 year with around £25,000 in the bank which is a strong position.

The next page shows our major costs and sources of income. Figures do not include minor sums such as the cost of tea and coffee for volunteers during show week or the cost of postage and other sundries.

Income 2019/2020 2021/2022 2022/2023 Subs £6,060 £3,390 £5,115 Concert £1,511 - £2,040 Programme & Raffle £1,060 £1,207 £2,912 Interest £13 £7 £135 Patrons £840 £945 £1,090 Tickets £14,691 £20,473 £23,299 Adverts £780 £100 £250 Donations £400 £9,640 £5,000 Evans Trust £1,000 £2000 £1,000 Wilmslow Council £1,600 £2,000 £2,000 Hoodies £703 £769 £1,019 Total £28,898 £40,531 £43,861 Expenses 2019/2020 2021/2022 2022/2023 Prof Org £80 - £60 Theatre Hire £4,325 £4,000 £4,000 Chelford Hall £174 - £160 Insurance £590 £352 £416 show cost £3,000 £3,000 £3,000 guide hut £849 £1,382 £1,381 set hire £2,580 - £1,920 printing £540 £644 £230 wardrobe - - £1,800 Royalties £3137 £2,722 £2,424 show licence £1,306 £1,580 - Hoodies £488 £547 £704 Orchestra £5,320 £3410 £2,400 Sound/Light £13,380 £12,754 £15,534 printing £540 £644 £230 banners £321 £493 & signs marketing £81 £60 £57. staging £1445. scaffold £1284 additional lighting £398 music stands etc £1,119 - £840 Web site £148 Total Costs £37,282 £30,949 £38,969

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