Ch3rity registration number.. 1190717 TIME STEP DANCE STRATEGIC REPORT, TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ime Step Dance Drm Ekn Prathtt Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Contents Page Trustees, Report Independent Examinerf5 Report statement of Financial Activities Comparative Statement of Financial Activities statement of Financial Position Notes to the Financial Statements 10-12 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report For The Year Ended 31 December 2022 The trustees present their report 3nd the financial statements for the year ended 31 Dettmber 2022. 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. Significant Activitres In 2022 we provided each week Main Venue WMA CFC: 17 Dance classes lehildrenl 4 gymnastics sessions (children) 2 drama clubs I mixed adults & children) Outreach sessions: St Marks I dance and I gyrnnastics se5510nS Knowle methodist church I dance and I gymnastics Christ Church Coseley I dance and I gymnastics Woodside Melhodist Church I dance and I gymnastics Public Benefit The trustees confirm they are aware of and have read the Charity Commission's guidance on public benefit. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Achievements and Performance Main Achievements 2022 was a good consolldation and bullding year for Thme Step. The sessions wlthln WMA CFC grew and became stable. While the attendance was lower than the overall attendance last year when everything was new and lots of people were trying thing5 Out it did however settle to a good amount but with steady growth throughout the year. We were a150 able to begin some outreach sessions. Sessions In Rowley Regis and in princes End began in january with sessions in Coseley Starting in February and at Woodside in April. These provided 8 additional sessions to those we already provided and an additional reach of around 70 children and their families. This brings the total number of children regularly benefiting from our sessions to around 300 each week. We had the privilege of hosting a lubilee celebration supported by Sandwell Council for voluntary ser11 ISCVOI which brought the comtnunity together and built bond5 Wlthin the cornmunity. The most exciting thing from this year id that we secured funding for 3 years from the National lottery reaching Communities fund which will pay for OLJr sessional staff and will allow us to build funding reserves. .CONTINUED P3ge I Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report (continued} For The Year Ended 31 December 2022 Main Achievements- continued We are still seeing significant impacts on children's socialisatlon 5ki115 as well a5 ènxiefy and other emotional well being as a result of the pandemic. This is especially prominent in toddlers and children heading towards school age. We have been working hard within our sessions to help to build the confidence of those children attending our sessions and to help them evelop their social skills and we have seen marked improvements across the board and younger thildren are learning to take turns and to share equipment. During the sessions for older childrenwhere we saw considerable anxiety from the children we have thank5 to reaching comrnunities employed 2 se55ional teachers to give the children a rnore Stable foundation which they can depend on and learn to trust. We have also been working on the Importance of team work and working together. We have continued to see the confidence and self esteem of those attending our sessions grow. And we have seen real friendship bonds grow between the children attending and a strong sense of community is building between the families attending. Children have continued to develop their coordination, balance and motor ski115 and we have seen 51ight increases In concentrntion which had been an issue after the pandemic. The social space has provlded a welcome, warm space for famllies whlch has continued to provide a place for people to come together to combat isolation and loneline55. We have continued to keep our classes at a lower cost than standard dance classes in the area allowing lower income families io attend. We introduced a weekly pass which further reduced the cost to participants so that they We able to attend more sessions. For those who filled out our monitoring we recorded alrnost 60Qlo of our attendees classes themselves a5 living on a low incorne and 90% of these relying on state benefit5 s their piinciple source of income. The young people performed again at the Christmas light switch on again this year which brought the children out into the community and brought entertainment to those attending. Drama group put on a pantomime again bringing the community together and giving the children a chance to show off their talents. All our young people performed in our Christmas show. They showcased their talents in front of 400 family and friends. We provided all the costumes for the perforrners which allowed the children to fully take part in and enjoy the experience. This is an experience that many of them would not be able to engage In if the fees and other costs were not low enough to allow participation. We also started pmviding exercise sessions for another local community group providing light exercise to the rnore senior members of our community. These sessions help to combat social isolation in older adults as well as providing exercise. Financial Review Financial Position Our financial p051tion Wa5 Stable this year and was substantially helped by the Reaching C0munitieS fund. Session fees were substantlally up from the prevlous year due to the stabllity of sesslons and the new outreach sessions. The Reachlng communities fund will allow us to keep a stable base for the period of the grant and assist us to build up a reasonable reserve. Income: Session fees £11,955 - 30.70h Grnts £24,118 63.3010 Fundraising £1384 -3.6010 Sessions Provided £1020 - 2.60/0 other £242- 0.50h Total income £38,719 Outgoings: Rent £12,810 - 34 Staff £7902 - 21¥0 Insurance £626 - 1.7% Equipment £10,370 29¥0 Activities £1186 - 3.20 Training £1332 - 3,60/o Admin £1211 3.3¢10 Uniform £1751 4.7% Total outgoings £37,188 Page 2 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2022 Reserves Polrty Time Step Dance is a Small charity based in Tipton providing performing art5 5es5iOn5 and other activitie5 to children and families across the Black Country. We are governed by 8 board of 3 trustees. Time Step Dance will hold reserves to rnaintain our financial health and achieve our objectives. We will hold reserves for the following oasons.. Worklng Capital.. To meet day-to-day operatlng expenses and cash flow needs. Operational Continuity: To ensure that the organization can continue to deliver its services and meet its obligations even during periods of financial uncertainty. Financial Stability.. To protect against unexpected financial shocks, such as a decline in grant income or sudden increases in operating costs. Planned Investments,. To fund future Strategic initiatives, such a5 new prograrns, service expansion, or capital purchases. Income Volatility.. To rnanage fluctuations in income. Unforeseen Circumstance5'. To cover emergency repairs, unexpected long-tem staff absences, or other unanticipated needs. Time 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 structure, Governance and Management Governing Document Type of goveming document,. Constitution Oryanisation type.. CIO Trustee Selectlon Methods Trustees are elected at yearly AGM. Roles for said trustees are voted at AGM. Trustees rnay be norninated 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/Soci1 media policyi Safeguarding training & DBS checks. Reference and Administrative Details Trustees Kristy Gilbert (appointed 09101/20221 Elanor Parkinson Stacey Lote Charity Number IL90717 Principal Address P3ge 3 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2022 63 Dudley Road fipton West Midlands DY4 8EE Independent Examiner Mr Umber Khan, AFA MIPA Taxwise Accountancy 16 Titan Court, Laporte Way Luton Bedfordshire LU4 8EF P3ge 4 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2022 Statement of Trustee$. Responsibilities The trustee5 are responsible for preparing the Trustees, Report and the financial 5taternerTrt5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PctiCe1. 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 appllcation of resources of the charity for that period. In preparing the financial statements the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the method5 and principles in the Charity 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 trustees are responsible for keeping adequate accounting records 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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the trust deed. They are also 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 flnancial 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 5 Doc ID.. e9e31e2el58dO3bb3¢4C934lf49d4b446bl673
TIME STEP DANCE Independent Examiner's Report to the Trustees of TIME STEP DANCE For The Year Ended 31 December 2022 I report to the trustees on rny examination of the accounts of TIME STEP DANCE (the Trust) for the year ended 31 December 2022. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan with the requ1MentS 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 carrylng out my examination, I have followed the applicable Directions given by the Charity Commission under sertion 14515llb) 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 rnaterial respect.. accounting records We not kept in respect of the Trust as required by Section 130 of the Act- or 2. the accounts do not accord 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 (Account5 and Report51 Regulation5 2008 other than any requirernent that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no conttrns 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 6 Doc ID.. e9e31e2el58dO3bb3¢4C934lf49d4b446bl673
TIME STEP DANCE statement of Financial Activities For The Year Ended 31 December 2022 31 31 December December 2022 2021 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 13,339 1,262 24,118 37,457 1,262 49,567 3,567 14,601 24,118 38,719 53,134 EXPENDITURE ON: Charitable activities.. Charitable activitles 113,4141 123,7741 137,1881 151,0861 NET INCOME 1,187 344 1,531 2,048 NET MOVEMENT IN FUNDS 1,187 344 1,531 2,048 RECONCILIATION OF FUNDS: Total funds brought forward 1,601 447 2,048 TOTAL FUNDS CARRIED FORWARD 2,788 791 3,579 2,048 The notes on pages 10 to 12 form part of these financial statements. P3ge 7 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Comparative Statement of Financial Activities For The Year Ended 31 December 2022 31 December 2021 unstrIrted 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 10 to 12 form part of these financial statements. P3ge 8 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE statement of Financial Position As At 31 December 2022 31 31 December December 2022 2021 Unrestricted Restricted funds funds Total funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 2,788 791 3,579 2,048 2,788 791 3,579 2.048 NET CURRENT ASSETS (LIABILITIES) 2,788 791 3,579 2,048 TOTAL ASS5 LESS CURRENT LIABILITIES 2,788 791 3,579 2,048 NET ASSETS 2,788 791 3,579 2,048 FUNDS OF THE CHARrrY Restricted Funds unStrICted Funds 791 2,788 447 1,601 TOTAL FUNDS 3,579 2,048 On behalf of the board aAn44 EOrt Elanor Parkinson Trustee 29/0912025 The notes on pages 10 to 12 form part of these financial statements. P3ge 9 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements For The Year Ended 31 December 2022 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 Republi 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 wilh insignificant risk of change In value, and bank overdrafts. 3. Income from Donatlons and Legacles 31 December 2022 Unrestricted Restricted Total fund$ fund$ fund$ Donations and gifts Member sub5CriPtions and 5ponsor5hips Grants 1,384 11,955 1,384 11,955 24,118 24,118 13,339 24,118 37,457 31 December 2021 Unrestricted Restricted Total funds funds fund$ Clonations and gifts Member subscriptioris and sponsorships Grants 2,350 7,018 2,350 7,018 40,199 40,199 9,368 40,199 49,567 Page 10 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2022 4. Other Income 31 December 31 December 2022 2021 Unre$trlcted Unre$trlcted funds funds Unifomi sales Classes supplied Refund for theatre hlre 242 154 1,020 2.700 713 1,262 3,567 5. Analysis of Expenditure 31 December 2022 Support costs (see note 61 Charitable activities 37,188 31 December 2021 Support costs (see note 61 Charitable activities 51,086 6. Support Costs 31 December 2022 Charitable activities Employee costs Premises expenses General administration 10,420 12,810 13,958 37,188 Page 11 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2022 31 December 2021 Charitable actlvltle$ Employee costs Prewises expenses General administration 4,682 24,504 21,900 51,086 7. Movement In Funds Asati January 2022 Asat31 December 2022 Income Expenditure Unre$trlcted fund$ General: Unrestricted Funds Restricted funds Restricted Funds 1,601 14,601 113,4141 2,788 447 24,118 123,7741 791 Total funds 2,048 38,719 137,1881 3,579 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 Page 12 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673