Ch3rity registration number.. 1190717 TIME STEP DANCE TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 4 AUGUST 2020 TO 31 DECEMBER 2021 ime Step Dance Drm Ekn Prathtt Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Contents Page Trustees, Report Independent Examinerf5 Report statement of Financial Activities Statement of Financial Position Note5 to the Financial Statements Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Trustees, Report For the Period 4 August 2020 to 31 December 2021 The trustees present their report 3nd the financial statements for the period ended 31 Detrmber 2021. Objectives and Activities Aim$ and Objectives l. To advance the education and development of children and young people of all abilities through the promotion of dance, gvmnastics and the performing arts. 2.To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or Social circumstances with the object of irnproving their conditions of life. Public Benefit In 2020 we provided.. 10 separate Dance classes (children) 2 gymnastics sessions (children) L drama club (mixed adults & Children) In 2021 we provlded.. 17 Dance classes (children) 4 gymnastics sessions (children) 2 drama clubs ( mlxed adults & chlldrenl The trustees confirm that they have complied with the requirements of Settion 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Additional Note Contrlbutlon made by volunteers: Volunteers have been a huge part of ￿eStablishIng Time Step after the covid shutdowns. We have a regular group of volunteers who help with everything from basic housekeeping to manning reception, taking weekly subscriptions. These people are essential to keep Time Step running smoothly. Moving into our new space at WMA CFC was a huge undertaking and required lots of manual work which was undertaken by our volunteers. They worked $0 hard during the difficult conditions, they made the difference between reopening immediately after the pandemic or not Achievements and Performance Main Achievements This financial period has been both challenging and rewarding. With the lockdown period we were unable to provide face to face sessions which meant that the children and young people were not able to get the benefits of our seroices. During this tirne we set up Time Step Online to allow people to do sorne dance and exercise at home. We produced exercise videos for adults as well as instructional and dance videos for children. We did have some Ljptake however there was by this time quite a bit of lethargy amund using tech for learning so it wasn't as popular as we had hoped for. Helping to build and Moving into our full time studio in April 2021 was a huge turning point for TSD. It allowed us to provide more sessions and reach more young people and a wider sertion of the community. The additional sessions made possible by the new venue saw the number of benefici8ries attending rise by two thirds to approaching 200 regular attendees. These attendees ranged frotn 18 months to 17 years for the children. Around 600h of those who filled our monitoring forms reported relying on government benefits as thelr main source of Income. 20¥D approximately of the children attending were reported as having SEND or other additional needs. Our sessions are kept at 3 low price which means thot people fro￿ lower income5 families who would be les5 oble to attend are able to do so. The adults attending strucrures sesslons remalned constant at 7. The new venue also provided a social space for adults where they could chat with other 3dults and receive support as well a5 a warrn space. Thi5 space helped to combat isolation and lonelines5 in the adult5 attending as they had been separated from social situations for a prolonged period of time. ..coTrtrINUED P3ge I Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Trustees, Report (continued} For the Period 4 August 2020 to 31 December 2021 Main Achievements- continued We Saw an 1￿C￿aSe in benefit5 in lot5 Qf areas due to our sessions. Particularly on reopening the￿ wa5 a significant reduction in the social skills of children, most evident In those under 5 and there was an increase in anxiety in older children. Through the course of our sessions through April- December 2021 we saw the social skillslsharingi taking turns and tommunitation skills) impmve drèmatitally and there was a marked reduttion in situational anxiety. We saw the expected rise in confidence and self esteem through our sessions as well as the expected rise in fine and gross motor skills, balance and coordination and general flexibility in the children attending se55iOnS. Additionally our sessions allowed the children to create more friendship bonds and bulld friendshlp groups outslde the school and home settings. The Child￿rn were able to attend two community events Whe￿ they perfomed for the general public at the Christmas light Switch Ons providing entertainment and building community spirit. Financial Review Financial Position The start of thi5 financial period was difficult a5 we were right in the rniddle of the pandemic and unable to provide our face to face sessions which WOLJld have made up a significant portion of your Income and we still had to meet the overheads of our studio space. We were lucky enough to receive several covid relief grants which allowed us to pay our core costs and to provlde the onllne services. After openlng In April we say an Increase In fees ￿ceiVed due ti the increased numbers attending our sessions. We also reicieved grants to buy gymnastics equipment and to 13y a dance floor in the new sp3ce. Total grants recieved E40, 199 Fees and classes provided - £9718 Fundraising - £2504 Other income - £713 Total Income - £53134 Hall hire - £16,080 Staff - £3075 Insurance - £1036 Equipment - £16,346 Activities & food - £1225 Floor - £8424 Adtnin - £270 Training - £382 Total Out Goings - £51086 Funds remaining £2048 Reserves Pollcv Time slep Dance is a small charity based in Tipton providing performing arts sessions and other artivities to children and families across the Black Country. We are governed by a board of 3 trustees. fime Step Dance will hold reserves to maintain our financial health and achieve our objectives. We will hold reserves for the following rea50nS'. Working Capital.. To meet day-to-day operating expenses and cash flow needs. Operational Continuity.. To ensure that the oryanization can continue to deliver its services and meet its obligations even during period5 of financial uncertainty. Financial Stability.. To protect against unexpected financial shocks, such a5 a decline in grant income or sudden inC￿aSeS in operating Costs. Planned Investments.. To fund future Strategic initiatives, such as new prograrns, service expansion, or capital purchases. Income Volatility.. To manage fluctuations in income. Unforeseen Circumstances.. To cover emergency repairs, unexpected ltsng-tem staff absences, or other unanticipated needs. fime Step Dance will aim to hold 3 rnonths of reserves or a total of £7500. Reserve5 will be reviewed at the end of each financial period by the trustees. Page 2 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Trustees. Report (continued) For the Period 4 August 2020 to 31 December 2021 Additional Note The charity's principal sources of funds (in¢ludin9 any fundraisin9): Total grants recieved £40,199 = £75.5% Fees and tlasses pmvided £9718 - £18.2% Fundraising £2504 = 4.7010 Other income - £713 = 1.3¥0 Total Income - £53134 The principal risks to the charity would come from increasing fees for h811 hire Structure Governance and Management Governing Document Type of governing document,. Constitution Oryanisation type.. CIO Trustee Selection Methods Trustees are elected at yearly AGM. Roles for said trustees are voted at AGM. Trustees rnay be nominated by others or may volunteer themselves. AGM is held annually in February. This role is held for 4 years unless the trustee resign5 or 15 for any other reason unable to continue in that role. Additional Note Policies and procedures adopted for the induction and training of trustees: Constitution, Equality and diversity policy, Child protection Policy, Heath and Safety policy, GDPR Policy, Heath & Safety Policyi Online/social media policyi Safeguarding training & DBS checks. Reference ond Admlnl$tr?tlve Detall$ Trustees Elanor Parkinson stacey Lote Kristy Gilbert {appointed 09101120221 Charity Number 1190717 Prlnclpal Addre$$ 63 Dudley Road Tipton West Midlands DY4 8EE Independent Examlner Mr Umber Khan, AFA MIPA Taxwise Accountancy 16 Titan Court, Laporte Way Luton Bedfordshire LU4 8EF P3ge 3 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Trustees. Report (continued) For the Period 4 August 2020 to 31 December 2021 Statement of Tru5tees' Respon$ibilitie$ The trustees are responsible for preparing the Trustees, Report and the financial 5tsternent5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting P￿ctiCe1. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial st3ternents the trustees are required to: select suitable accounting policies and then apply them consistently.. observe the rnethod5 and principles in the Charify SORP; make judgments and accounting estimates that are reasonable and prudent,. and prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charity will contlnue In buslness. The Irustees are responsible for keeping adequate accounting ocords which disclose with reasonable accuracy at anytime the financial position of the charity and to enable thern to ensure that the accounts comply with the Charities Acl 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the trust deed. They are a150 re5pon5ible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responslble for the malntenance and Sntegrlty of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdiction5. The trustees, report was approved by the board of trustee5 and signed on its behalf by.. Elanor Parkinson Trustee 2910912025 P3ge 4 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Independent Examiner's Report to the Trustees of TIME STEP DANCE For the Period 4 August 2020 to 31 December 2021 I report to the trustees on rny examination of the accounts of TIME STEP DANCE (the Trust) for the period ended 31 December 2021. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 I'the Act"). I report in respect of my examlnation of the Trust's accounts carried out under sectlon 145 of the 2011 Act and In carylng out my examination, L have followed the applicable Directions given by the Charity Commission under section 145151{b) of the Act. Independent Examlner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in re5pett of the Trust as required by Section 130 of the Act- or 2. the accounts do not atcord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities IAccount5 and Report51 Regulation5 2008 other than any requirement that the accounts give a 'true and fair view. which is not a m8tter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Mr Umber Khan, AFA MIPA 2910912025 Taxwise Accountancy 16 Titan Court, Laporte Way Luton BedFordshire LU4 8EF P3ge 5 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE statement of Financial Activities For the Period 4 August 2020 to 31 December 2021 31 December 2021 un￿strIrted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 9,368 3,567 40,199 49,567 3,567 12,935 40,199 53,134 EXPENDITURE ON: Charitable activities.. Charitable activitles 111,3341 139,7521 151,0861 NET INCOME 1,601 447 2,048 NET MOVEMENT IN FUNDS 1,601 447 2,048 RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 1,601 447 2,048 The notes on pages 8 to 9 form part of these financial statements. P3ge 6 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE statement of Financial Position As At 31 December 2021 31 December 2021 Unrestrirted Restricted funds funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 1,601 447 2,048 1,601 447 2.048 NET CURRENT ASSETS (LIABILITIES) 1,601 447 2,048 TOTAL ASS￿5 LESS CURRENT LIABILrrIES 1,601 447 2,048 NET AsseTS 1,601 447 2,048 FVNDS OF THE CHARrrY Restricted Funds Unrestrided Funds 447 1,601 TOTAL FUNDS 2,048 On behalf of the board Elanor Parkinson Twstee 2910912025 The notes on pages 8 to 9 form part of these financial statements. P3ge 7 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Notes to the Financial Statements For the Period 4 August 2020 to 31 December 2021 l. General Information TIME STEP DANCE is a charitable incorpoTrted organisation registered with the Charity Commission, registered charity number 1190717. The principal address is 63 Dudley Road, Tipton, West Midlands, DY4 8EE. 2. Accounting Policies 2. L. Basis of Preparation of Financial Statements The financial staternent5 have been prepared in accordance with the Charitie5 SORP IFRS 1021 "Accounting and Reporting by Charlties.. Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I Janulry 20191" Financi61 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is 3 Public Benefit Entity as defined by FRS 102. TIME STEP DANCE accounts have been prepared on the receipts and payments basis under section 133 of the Charities Act 2011. This basis is permitted where the charity's gross incorne doe5 not exceed £250,000. 2.2. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and Include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three month5 from the date of acquisition and a￿ ￿adIlY convertible to a known amount of cash with insignificant risk of change In value, and bank overdrafts. 3. Income from Donatlons and Legacles 31 December 2021 Unrestricted Restricted Total fund$ fund$ fund$ Donations and gifts Member sub5CriPtions and 5ponsor5hips Grants 2,350 7,018 2,350 7,018 40,199 40,199 9,368 40, 199 49,567 4. Other Income 31 December 2021 Unrestricted funds Unifomi sales Classes supplied Refund for theatre hire 154 2,700 713 3,567 P3ge 8 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673 TIME STEP DANCE Notes to the Financial Statements {continued) For the Period 4 August 2020 to 31 December 2021 5. Analysis of Expenditure 31 December 2021 Support costs 15ee note 61 Charitable activities 51,086 6. Support Costs 31 December 2021 Charitable rtivities Employee costs Premises expenses General administration 4,682 24,504 21,900 51,086 7. Movement in Funds Asat31 December 2021 Asat4 August 2020 Income Expendlture Unrestricted funds GeneTrl.. Unrestrirted Funds Restricted funds Restricted Funds 12,935 111,3341 1,601 40,199 139.7521 447 Total funds 53,134 151,0861 2,048 8. Related Party Disclosures P3ge 9 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673