## **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)**
You may choose to include further statements where relevant about:
||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.**|
## **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 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)**
You may choose to include further statements where relevant about:
|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**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|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**
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3
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17
18
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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|||
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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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