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
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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
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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
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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 C0￿munitieS 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
G￿rnts £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
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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/Soci￿1 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
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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
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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 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 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
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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
requ1￿MentS 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
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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.
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TIME STEP DANCE
Comparative Statement of Financial Activities
For The Year Ended 31 December 2022
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 10 to 12 form part of these financial statements.
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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 ASS￿5 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
un￿StrICted Funds
791
2,788
447
1,601
TOTAL FUNDS
3,579
2,048
On behalf of the board
aAn44 E￿Ort
Elanor Parkinson
Trustee
29/0912025
The notes on pages 10 to 12 form part of these financial statements.
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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
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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
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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
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