## **Trustees’ Annual Report for the period** **From 1 / 5 / 2023 Period start date To 30 / 4 / 2024 Period end date** ## **Charity name: The Edge Musical Production Organisation** ## **Charity registration number: 1107415** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Youth theatre company.**| |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|**Up to 50 youth theatre members ( 10 –**
**19 years of age ) put on one major**
**musical show each year supported by**
**professional orchestra, sound and**
**lighting.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Yes**| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|**Not done**| |Policy on social investment
including program related
investment|Para 1.38|**We have no investments**| |Contribution made by
volunteers|Para 1.38|**We rely on volunteers to run the group**
**and help at shows. All trustees have**
**advanced checks made by the local**
**council and are registered “matrons of**
**entertainment”**| |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|**The main show staged in 2024 was**
**Oklahoma, another resounding success.**
**Many of the children go to theatre**
**school and work on stage and screen**
**professionally when adults ( see**
**TEMPOTHEATRE website )**
**The 2025 show is Les Miserables**| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|**Another great show staged**| |Performance of fundraising
activities against objectives
set|Para 1.41|**We remain financially viable as per**
**accounts**| |Investment performance
against objectives|Para 1.41|**We do not invest**| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**We remain solvent**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**We require at least £20,000 in the bank**
**to start rehearsing a show as we cannot**
**afford cancellation insurance after**
**COVID**| |Amount of reserves held|Para 1.22|**£28,000 at present**| |Reasons for holding zero
reserves|Para 1.22|**-**| |Details of fund materially in
deficit|Para 1.24|**-**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**In the long run increasing costs for**
**theatre hire, show royalties and the cost**
**of professional sound and lighting**
**support may make amateur theatre of**
**the highest quality impossible.**| |**Additional information (optional)**
You may choose to include further statements|**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|**Ticket sales, fundraising concerts and**
**donations from arts trusts and local**
**Wilmslow Town Council**| |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|**Costs are rising**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust deed**| |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|**Volunteers accepted by vote at the**
**members 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|The Edge Musical Production Organisation| |---|---| |Other name the charity uses|TEMPO| |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
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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||| ||Trish Moulten|Treasurer||| ||Rachel Darling|Ticket secretary||| ||Sue Duffy|Props manager||| ||Alastair Duffy|Set Engineer||| ||Rob Bisset|Assistant Treasurer||| ||Lynn Ashall|Sponsorship||| ||Nicola Connor|Secretary||| ||TiffanyHenry|Marketingmanager||| ||Clare Jones|Communications
and rehearsals
secretary||| ||Amanda Butler-
Smith|fundraising||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## 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|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|We have no assets| |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)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |**None**||| |||| |||| |||| |**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)** R A L Bisset **Position (eg Secretary,** Assistant treasurer **Chair, etc) Date** 1 / 8 / 2024 ## **TEMPO ACCOUNTS** ## **1[st] May 2023 - 30[th] April 2024** 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 on the Charity Commission website using the above reference number. We are assessed by HM Revenue and Customs every five years and are not taxed when the group is in surplus as all the funds raised by TEMPO are used for group activities. TEMPO has no employees and the trustees / committee receive no salary or expenses. ( The music and artistic directors and choreographer receive an honorarium to cover travel and other costs as none lives in Cheshire, this is small relative to their attendance over the six months of rehearsals and show week ) We are indebted to the many volunteers who help the group particularly the backstage volunteers who bring their many theatre skills to help us during show week and during the fundraising concert. Without their help we would not be able to function. The following accounts show that, as with everything else, the cost of putting on a show is increasing. Accounting is undertaken on a cash in hand basis as TEMPO has no major assets. We have numerous old costumes in storage but these have no material value as the cost of selling them would negate any derived income. Cash held in our two accounts over the last few years is shown to give you an idea of the stability of our finances at present. The accounts show that, due to generous support and sponsorship, we have recovered from the major loss incurred in 2020 when covid caused a major reduction in ticket revenue just before lockdown. Cash in bank at AGM current account savings account total 2015 **Les Miserables** £19,423 £5972 £25,395 2016 **Starlight Express** £24,474 £5,975 £30,449 2017 **Fame** £26,883 £5,977 £32,860 2018 **Cats** £20,870 £5,978 £26,848 2019 **42[nd] Street** £17,031 £5985 £23,016 2020 **Guys & Dolls** £8,733 £5,999 £14,732 2021 no show £8,599 £6,000 £14,600 2022 **Chicago** £18,191 £6,001 £24,192 2023 **Footloose** £22,428 £6,518 £28,946 2024 **Oklahoma** £19,994 £8,433 £28,427 **Deficit for the last financial year £ 519** **TEMPO group costs 2023 / 24. Expected 2025 cost** Guide hut / rehearsal rooms rental £2771 £1,500 Oklahoma licence / script hire / royalties £4693 £5500 Leisure centre / Evans theatre rental £4785 £6,300 Sound & Lighting £16,698 £17,500 Set rental and delivery £2,460 £4,000 Costume store rental £1,800 £2,000 Directors 3 x £1,000 £3,000 £4,500 Orchestra 12 @ £300 £3,600 £4,900 Music stand rental £480 £700 Les Miserables Licence £500 Chelford Hall rental £460 £300 Insurance £405 £500 Printing boards / banners £455 £450 Flyers £72 £80 Website £108 £120 Hoodies £585 £600 Miscellaneous £323 £400 Costumes £0 £0 **Total £43,194.16** expected cost 2025 _Total costs in 2022/23 = £38,969_ £49,350 **TEMPO group income 2023 / 2024** Ticket sales £20,286 Subs £6,196 Patrons £490 Adverts £250 Concert £2520 Hoodies £834 Bank Account Interest £460 Raffle £527 Programme £662 Rotary club £450 Evans arts trust £1000 Co-op £1734 Donations £5692 Miscellaneous £1573 ( electronic billing charge 1.28% ) ## **Total Income £42,674** As you can see TEMPO remains in a robust financial position but faces a challenging future. As we pay 16% plus vat ( effectively 19% ) of our ticket revenue in royalties to the show’s copyright holder we lose nearly 1/5[th] of our ticket income in return for being allowed to put a show. Add to this a cost of around £1,000 for the rental of scripts and orchestra music ( we have no choice but to get these from the copyright holder at a charge of their choosing ) and you can see a show like Les Mis is expensive to put on. As Wilmslow does not have a proper theatre we are forced to use the Evans theatre and pay a fortune for suitable lighting and sound facilities, these costs are rising but if you look up at the ceiling during a show performance you will see between £200-400,000 worth of spotlights have been set up depending upon the show. **In conclusion, we very nearly broke even in the 2023 / 2024 financial year but as has been the case over the last twenty years this has only been due to the group receiving extremely generous donations. We have the necessary cash to proceed with the Les Miserables show ( we need 20K in the bank to start a new year, after covid cancellation insurance cover has become ridiculously expensive so we are no longer insured against cancellation ) so, for the next year at least, the finances appear sound.** ## **Rob Bisset** ## **TEMPO assistant treasurer.** **May 2024** CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts 5Ècfioft A FttdEpe*ident ExamlrférTrèp Report to the truste TEMPO On accl￿nts forth• ￿•r endgd 3￿ 2024 Charlty no (rf any) 1107415 Set out on thdfiLy" jlhts i r&L"j ILrf ytr6T 202*. Responslblllties and the tharity InJste88 of the Trusl you are rèstx)nsbl8 for the preparation basis of rewrt of the acy>Mts in the Tw￿9(￿1ts of the Cl¥atitw I repcwt wi r8SF*d of my examinalK)n of Ihe Trusfs &xwnts carrBd t)ut under Sect￿ 145 of the 2011 Act and in carrying out my examinalK)n. 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