Ch3rity registration number.. 1190717 TIME STEP DANCE STRATEGIC REPORT, TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023 The trustees present their report 3nd the financial statements for the year ended 31 Dettmber 2023. 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 2023 we provided each week Maln 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 gymnastics sessions In September these session joined together to run from St Marks Church Knowle methodlst ¢hur¢hlbrl¢khouse communlty centre I dance and I gymnastlcs Christ Church Coseley I dance and I gymnastics Woodside Methodist Church I dance and I gymnastics HAF holiday clubs Sandwell Easter- Pantos 4 sessions Summer - Pantos & Holiday clubs 16 sessions Christmas Pantos 4 sessions Dudley Summer Pantos & Holiday club 16 sessions Christmas panto 4 5ession5 Go play Sandwell 2 weekly sessions September DeMber. 10 session5 Kings, coronation tea party - scvo Costume Cabin lending costumes to other community group 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 complled wlth the requlrements of Sertion 17 of the Charlties Art 2011 to have due regard to the Ch8rity Commission's guidance on public benefit. P3ge I Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2023 Achievements and Performance Maln Achlevements 2023 was a both a fabulous and a difficult year for Time Step Dance We began running HAF sessions on behalf of Sandwell and Dudley Councils in addition to our regular weekly sessions. This allowed us to bring our services to many more thildren and families ètross the two boroughs. We also received funding from the"m8king a playable Sandwell" fund where we provided afterschool free play sessions for farnilie5. Our standard sessions provided 5tructure5 performing arts and gymnastics for approximately 250 children gUlarly{ Wlth total reach over 300. These sessions were provided at a low cost to allow children and families on low incomes to access the sessions and participate in activities they wouldn't ordinarily be able to access due to financial restraints. We kept to the steady 60% of our participants who SpOnded to us reporting as living on a low income or depending on state benefits as their main source of income. We also kept steady rate of appmximately 20Vo of the children attending having SEND or some form of additional needs. We saw steady Impmvements in children's confidence, self-esteem, fine and gross motor skills as well as much improved levels of social skills from previous years. The time step cornmunity is building with more farnilies spending time together to chat in our social spaces. This was highlighted when we had the king s coronation party Whe over 50 families come together to celebrate the festivities. Having the regular teacher5 provided by the Reaching communitie5 fund provided a stable space for children and give thern a trusted adull they can lY on and who Is a positive role model who cam Inspire them to achieve The HAF (holiday activities and food) programme provides free activities and food for children and young people who receive income related free school meals. We provided family pantomirnes across Sandwell and Dudley as well as standard holiday club sessitsns with crafts, sports and activities like the animal man, magic shows etc. We provided 44 individual sessions with attendance close to 2000 and 3 reach of 1250 children aged 5-16 years. These sessions are designed to provide these children with a safe welcoming environment where they can play, leam and experience something that thev wouldn't normally have the chance to. For families it slows time for adults and children to experience fun times together where they can develop closer farnilial bonds. The pmvision of food helps to relieve the pressure on low income families who may struggle during the holidays to feed their children as the free school meal provision isn't available The M3king a Playable Sandwell sessions provide open access free play sessions for Sandwell children and their care givers. These sessions are designed to build family bonds by encouraging the adults and the children to play together. They also aim he hÈlp thlldren learn how io plèy together, plèy Imaginatively and to build ènd treate wlthout the use of technology. These session benefil the young people by encouraging creativity and free thinking. by providing a safe space, by encouraging 50cialising with other children and building bond5 With their farnily member5. We pmvided afterschool clubs for a local primary school providing cheerleading and gymnastics sessions twice weekly in addition to providing the seniors exercise session for"Life in Community- Once again the children performed at the Christmas light switch on and did a large Christmas show for friends and family and in addition a stnall group of children performed at the Shape your talent, talent Show organised by Sandwell council Unfortunatelyi we had to move our maln venue from WMA CFC In September after it came to light that there was some financial mismanagement there and their future was uncertain. Our primary sessions moved to St Marks Church hall in Princes end. Whilst this meant that we did lose some of our gUlar children due to the distance and their lack of tTrnsport it did mean that we gained children from this area that were unable to 3ttend for the same reasons. This year saw a new project begin within Time Step Dance. The Costume Cabin is a project that evolved from providing costurnes for our children during shows and them sitting in boxes until the next year. We decided that it would be a great idea If we could help other organisations with their performance. We took on a small space where we could store costumes and with donations from other groups including Wolverhampton Youth Theatre we built up a store of dance and drama costumes in a Trnge of sizes. This year we lent costumes to two primary schools, one dffima club and one secondary school. We still have a lot of cataloguing to do before it is fully operational but it is an exciting project with lots of potential Financial Review Financial P051tion The amount of money awarded In grants thls flnancial year Is slgniflcantly increased due to the HAF programme and the increase in the sessions provided. There is also 3 significant portion earned by providing dan and exercise sessions to other community groups and local schools Again the reaching communities fund has paid for our teaching staff which has kept us stable across all sessions. We haven't managed to build up the reserves th8t we had been hoping for however sessions are remaining 3t a steady rate with a small amount remaining at the end of the financial year ..CONTINUED P3ge 2 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report (continued} For The Year Ended 31 December 2023 Financial Position - continued Grant Fundlng £81174.25 - 77¥0 Fees £12,432.20 - 12Wo Services Rendered £1 1,420 -IIQ Fundraising £1032.35 - IW¢ Total Income £106,058.80 Outgoing Staff £37162.46 - 350h Hall Hire £23,475.67 22 Equipment £13767.76 - 13% Activities & food £30,327.55 - 29W Volunteer Expenses £175 Insurance £606.78 Training £352 Accountant £192 Stationary/admln £250.84 Misc £52 Total outgoings £105,755.28 Reserve$ Pollcv fime Step Dance Is a small charity based in Tipton pmviding performing arts sessions and other activities to children and farnilies across the Black Country. We are governed by a board of 3 trustees. Time Step Dance will hold reserves to tnaintain our financial health and achieve our objectives. We will hold reserves for the followlng reasons.. Working Capital.. To meet day-to-day operating expenses and cash flow needs. Operational Continuity.. To ensu that the organization can continue to deliver its services and meet its obligations even uring periods of financial uncertainfy. Flnanclal Stability.. To protect agalnst unexpected financial shocks, such as a decline in grant income or sudden Increases In operating costs. Planned Investment5,' To fund future Strategic initiatives, such a5 new prograrns, service expansion, or capital purchases. Income Volatility.. To manage fluctuations in income. Unforeseen Clrcumstances.. To cover emergency repalrs, unexpected long-term staff absences, or other unantlclpated needs. Time Step Dance will aim to hold 3 rnonths of reserve5 or a total of É7500. Reserves wlll be reviewed at the end of each flnanclal period by the trustees. Addltlonal Note The charity's principal sources of funds (including any fundraising) Grant Funding TNL Reaching Comrnunities £19504.25 SCVO Vision 2030 £500 Sandwell HAF £24856 Dudley HAF £25070 Go Play Sandwell £IIL64 Blakemore £80 TOTAL GRANTS £81174.25 Fundraising £1032.35 Page 3 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2023 Structure. Governance and Management fjovernlng Document Type of governing document., Constitution Organisation type.. CIO Trustee Selection Methods Trustees are elected at yearly AGM. Roles for said trustees a voted at AGM. Trustees may be nominated by others or may volunteer themselves. AGM is held annually in February. This role is held for 4 years unless the trustee resigns or is for any other reason unable to continue in that role. Addltlonal Note Pollcle$ and procedures adopted tor the Indu¢tlon and tralnlng ot tru$tee$: Constitution, Equality and diver51ty policyi Child protection Policyi Heath and Safety policyi GDPR Policy, Heath & Safety Policy, Online/social media policy, Safeguarding training & DBS checks. Reference and Admlnlstratlve Detalls Trustees Krlsty Gllbert Elanor Parkinson Stacey Lote Charlty Number 1190717 Principal Address 63 Dudley Road ripton 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 2023 Statement of Tru5tee$' 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 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 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 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 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.. E13nor Parkinson Trustee 29/09/2025 P3ge 5 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Independent Examiner's Report to the Trustees of TIME STEP DANCE For The Year Ended 31 December 2023 I report to the trustees on rny examination of the accounts of TIME STEP DANCE (the Trust) for the year ended 31 December 2023. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acr 2011 I'the Aci'i. 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 tnaterial 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 6 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE statement of Financial Activities For The Year Ended 31 December 2023 2023 2022 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 13,544 11,420 81,094 94,638 11,420 37,457 1.262 24,964 81,094 106,058 38,719 EXPENDITURE ON: Charitable activities.. Charitable activitles 125,1821 180,8291 1106,0111 137,1881 NET INCOME 12181 265 47 1,531 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 12181 265 47 1,531 2,788 791 3,579 2,048 TOTAL FUNDS CARRIED FORWARD 2,570 1,056 3,626 3,579 The notes on page5 10 to 12 form part of these financial statement5. P3ge 7 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Comparative Statement of Financial Activities For The Year Ended 31 December 2023 31 December 2022 unstrIrted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 13,339 1,262 24,118 37,457 1,262 14,601 24,118 38,719 EXPENDITURE ON: Charitable activities.. Charitable activitles 113,4141 123,7741 137,1881 NET INCOME 1,187 344 1,531 NET MOVEMENT IN FUNDS 1,187 344 1,531 RECONCILIATION OF FUNDS: Total funds brought forward 1,601 447 2,048 TOTAL FUNDS CARRIED FORWARD 2,788 791 3,579 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 2023 2023 2022 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 2,570 1,056 3,626 3,579 2,570 1.056 3,626 3,579 NET CURRENT ASSETS (LIABILITIES) 2,570 1,056 3,626 3,579 TOTAL ASSETS LESS CURRENT LIABILITIES 2,570 1,056 3,626 3,579 NET ASSETS 2,570 1,056 3,626 3,579 FUNDS OF THE CHARrrY Restricted Funds Unrestricted Funds 1,056 2,570 791 2,788 TOTAL FUNDS 3,626 3,579 On behalf of the board Elanor ParkSnson Trustee 2910912025 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 2023 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 wilh insignificant risk of change In value, and bank overdrafts. 3. Income from Donatlons and Legacles 2023 Unrestricted Restrirted Total funds funds funds Donations and gifts Member subscrlptlons an¢ sponsorshlps Grants 1,032 12,432 80 1,032 12,432 81,174 81,094 13,544 81,094 94,638 2022 Unrestrlrted Restrlrted Total funds funds funds Donations and glfts Member subscriptions and sponsorships Grants 1,384 11,955 1,384 11,955 24,118 24,118 13,339 24,118 37,457 4. Other Income 2023 31 December 2022 Unrestricted Unre$tri¢ted funds funds Uniform sales Classes supplied 242 11,420 1,020 11,420 1,262 Page 10 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2023 5. Analysis of Expenditure 2023 Support costs (see note 61 Charitable activities 106,011 2022 Support costs 15ee note 61 Charitable activities 37,188 6. Support Costs 2023 Charitable activities Employee costs Premises expenses General administration 37,214 23,476 45,321 106,OIL 2022 Charitable activities Employee costs Premises expenses General administration 10,420 12,810 13,958 37,188 Movement In Fund$ Asati Januarv 2023 Asat31 December 2023 Income Expenditure Unrestricted funds General.. Unrestricted Funds Re$trl¢ted funds Restricted Funds 2,788 24,964 125,1821 2,570 791 81,094 180,8291 1,056 Total funds 3,579 106,058 1106,0111 3,626 Page 11 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2023 Asatl Jartu•rv Asat31 December 2022 Income Expenditure 2022 Unrestricted funds GerneI.. Unrestrirted Funds Restricted funds 1,601 14,601 113,4141 2,788 Restricted Fund5 447 24,118 123,7741 791 Total fund$ 2,048 38,719 137,1881 3,579 Related Party Dlsclosures Page 12 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673