Ch3rity registration number.. 1190717 TIME STEP DANCE STRATEGIC REPORT, TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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 Lo Notes to the Financial Statements 11-13 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report For The Year Ended 31 December 2024 The trustees present their report 3nd the financial statements for the year ended 31 Dettmber 2024. 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 Main Venue st Marks Church hall 19 Dance classes Ichildrenl 3 gymnastics sessions (children) 3 musical theatre clubs (children) Outreach sessions Brickhouse comrnunity centre I dance and I gymnastics Christ Church Coseley I dance and I gymna5tits Woodside Methodist Church I dance and I gymnastics HAF holiday clubs Sandwell Easter- Pantos 6 sessions Summer - Pantos & Holiday clubs 16 sessions Christmas Pantos 6 se55ions Dudley Easter Panto - 6 sessions Summer Pantos & Holiday clLJb 16 sessions Christmas panto 6 5ession5 Dudley Family Hubs April onwards peer to peer support 5 sessions per week 3 In Sedgley I Sn Dudley I In Coselev fjo Play Sandwell February Half term - 4 sessions May Half term 4 sessions November- 4 se55ions Publlc Beneflt 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 Sertion 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. P3ge I Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2024 Additional Note Contribution made by volunteers: VolLJnteers have been a huge part of reestablishing Time Step after the covid shutdowns. We have a regular gmup 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. We have had additional volunteers join u5 this year to a5515t with the Peer 2 Peer 5ession5 helping to run the activities and provide refreshments. Achievements and Performance Maln Achlevements 2024 was a year of consolidation after the difficulties of the previous year and the troubles with the collapse of WMA CFC. Whilst not being a part of that organisation Much of the community associated us with them and It has been hard work to rise above and to continue on our forward progress. The classes at st Marks and at our outreach sesslons have contlnued strongly though the sesslons In Rowley fluctuate from low to very high numbers on a weekly basis. We had to increase our fees slightly due to the costs of halls and general activities. Our rate is still amund 50Qkn less than a standard children's acrivlfy session. We have continues with the weekly passes for Indivlduals and sibllngs which has allowed greater participation from the children from lower income families and families with multiple children. We Saw a slight increase to 65¥0 of familie5 who responded to us reporting that they are in low income households or rely on state benefits as thelr prlnclple source of income. The te os SEND and additional needs remalned conslstent between 20_220/o Some sessions, particularly our gymnastics sessions appear to have a higher level of SEND participants and there appear5 to be higher reporting of additional need in younger children aged 6 and under. We saw Increases In self-confldence, coordinatlon, fine and gross motor skills and socialisation skllls across the board. Some of our young people are now assisting the instructors as student helpers, 311owing them to learn leadership skills. We had an individual reach of over 300 with a base line figure of 250 regular weekly participants. The HAF (holiday activities and food) programrne wa5 a huge succes5 again this year. We provided physical 5e5sions of dance and gymnastics, General Holiday club sessions with crafts, sports and stem artivities. Also, we had Creature feature attended with animals and the magic man who hosted magic shows and disco party time. Additionally, we provided family pantos ovÈr all 3 main holidays. This pmgramme provides free 3Ctivities for children who receive income based free school meals, giving thern the opportunitie5 to take part in activities and experiences. These attivitie5 build confidence and resilience as well a5 helping children to create social bonds. The play activities encoLJrage creativity and self-expression through play as well as introducing basic STEM activities. We provide food during these which eases the burdens on families who may struggle to feed their children as the free School meals are not available during the holidays. Thi5 year we opened up the offer to universal children as the cost of living crisis is 8ffecting a huge amount of people locally and many families are struggling to tnake ends meet. 30¥0 of the spaces we offered at these sessions were universal spaces. We also ran Family pantomirnes whith were open to the thildren and their caregivers. These were a tremendous success and we saw famllies spending qualily time together enjoying a break from reality. The panto sessions reached over 200 families with around 300 individual children attending. The other session5 Saw a lot of children attending rnultiple sessions but we still exceeded 400 individual children. The peer 2 peer sessions that we ran on behalf of Dudley Family hub were specialist sesslons for the under 2's. These sessions were designed on two fronts firstly to bring parents and grand parents together to provide support for each other, To combat social i501ation in parent5 and to improve the emotional wellbeing of the adult5. Additionally we provided actlvlties that encouraged bondlng between the child and thelr adult and where approprlate provlded advlce and guidance around breast feeding, weaning and other developmental stages These sessions reached 47 farnilies which included 58 children. We pmvided cheerleading sessions in a local primary school helping the children lo keep active. These were fewer than last year as school budgets were being stretched. We continued with the senior exercise sessions on behalf of Life In comrnunityi assisting over 50 s keep active and again providing the socialisation which helps to prevent lonelines5 In seniors. After school sessions reached on average 15 children per week and senior exercise 8-15. This year we did 3 christmas show5 Wlth 75-100 children in each. Over 600 family and friends attended and supported the children. This really boosted the confidence of the young people as many of them had not taken part in this type of adivity. We provided all the costumes and equipment so that all the children could take part no rnatter their financial situation. The children a150 performed again at the Christmas light Switch on in December bringing some festive entertainment to the event. ..CONTINUED P3ge 2 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report (continued} For The Year Ended 31 December 2024 Main Achievements- continued In May some of our cheerleaders attended a competition in Worcester which was amazing. This really inspired the children who attended 8s they saw som& really talented dancers and they all came back with a prize of some kind. This in turn inspired the dancers who hears the stories to try harder and achieve more. We received funding from SCVO vision 2030 sports fund to purchase cheerleading and gymnastlC5 training for our staff and for equlpment Upgrades for out sesslons. We also were granted funding from Go Play Sandwell to run sessions during the half terms. In a similar vein to the Haf sessions we provided crafting, Sports, dance and gyrnnastics and visiting performers along with food for all. Financial Review Financial Position The Charity again is stable throughout the year. The reaching communities fund paid for our sessional instructors and the tnoney raised frotll session fees and the show was more than adequate to finance other outgoings. Once again the HAF funding was a major contnbutor to our income and our out goings. Incoming Grant Funding £94742.25 Fees £9479.50 Tickets £5107.50 Servi5 Rendered £3400 Fundrai5ing/donatlOn5 £450 Uniform £400.61 Outgolng. Staff £48,014.75 Hall Hlre £27,465.10 Equipment & Uniforms £16,435.25 Activity & Foods £14,369.68 Volunteer Expenses £80 Insurance £671.31 Cheer Comp £952. 18 Training £2909.50 TNL training £664.95 Accountant £660 Website £152.86 Micr050ft 365 £79.99 Sellers £150 DBS £36 Show tickets £35.38 Trophies £180 Reserves Polity Time Step Dance is a small charity based in Tipton providing performing arts sessions and other attivities 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 financi31 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 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 a5 a decline in grant income or sudden increases in operatlng costs. Planned Investments.. To fund future strategic initiatives, such as new prograrns. service expansion, or capital purchases. Income Volatility.. To aTrage fluctuations in income. Unforeseen Circumstances.. To cover emergency pairs, unexpected long-term staff absence5, or other unanticipated needs. .CONTINUED Page 3 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees, Report (continued} For The Year Ended 31 December 2024 Reserves Polrty - continued Time Step Dance will aim to hold 3 tnonths of re5erve5 or a total of £7500. ReseNes will be reviewed at the end of each financial period by the trustees. Additional Note The charity's principal sources of funds (including any fundraising) Grant Funding Reathing Communities £15,155.25 SCVO V2030 £5,000 Sandwell HAF £25,438 Dudley HAF £31,410 Go Play Sandwell £4,239 DCVS Family huti £13,500 TOTAL GRANTS £94,742.25 Fundraising £851 The prlnclpal risks to the charlty would come From Increasing fees for Hall hire and other services due to the cost of livlng. structure Governance and Management Governing l>ocument Type of governing document., Constitution Organisation type.. CIO Trustee Selectlon Methods Trustees 3re elerted 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. Thls role is held for 4 years unless the twstee reslgns or is 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 policyi Child protection Policyi Heath and Safety policyi GDPR Policy, Heath & Safety Pollcy, Onlinelsoclal medla pollcy, Safeguardlng tralning & DBS checks. The charity's or9ani$ational structure and any wider network with which the charity works Trustees Principle instructorlmanager Sessional instructor5 Volunteers Reference and Admlnlstratlve Detalls Trustees Kristy Gilbert Elanor Parkinson Stacey Lote Page 4 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2024 Charity Number 1190717 Prlnclpal Address 63 Dudley Road Tipton West Midlands DY4 8EE Independent Examlner Mr Umber Khan, AFA MIPA Taxwise Accountancy 16 Titan Court, Laporte Way Luton Bedfordshire LU4 8EF P3ge 5 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Trustees. Report (continued) For The Year Ended 31 December 2024 Statement of Tru5tee$' 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 statements 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 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 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 6 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Independent Examiner's Report to the Trustees of TIME STEP DANCE For The Year Ended 31 December 2024 I report to the trustees on rny examination of the accounts of TIME STEP DANCE (the Trust) for the year ended 31 December 2024. 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 requlrements of the Charities Act 2011 I'the Act"). I report in respect of my examlnatlon 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 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 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 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 7 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 10,331 8,508 94,742 105,073 8,508 94,638 11,420 18,839 94,742 IL3,581 106,058 EXPENDITURE ON: Charitable activities.. Charitable activitles 117,8901 194,8171 1112,7071 1106,0111 NET INCOME 949 1751 874 47 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 949 1751 874 47 2,570 1,056 3,626 3,579 TOTAL FUNDS CARRIED FORWARD 3,519 981 4,500 3,626 The notes on page5 11 to 13 form part of these financial statement5. P3ge 8 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Comparative Statement of Financial Activities For The Year Ended 31 December 2024 2023 Unrestrlcted Restrlcted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other 13,544 11,420 81,094 94,638 11,420 24,964 81,094 106,058 EXPENDITURE ON: Charitable activities.. Charitable activitles 125,1821 180,8291 1106,0111 NET INCOME 12181 265 47 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 1218) 265 47 2,788 791 3,579 TOTAL FUNDS CARRIED FORWARD 2,570 1,056 3,626 The notes on page5 11 to 13 form part of these financial statement5. P3ge 9 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE statement of Financial Position As At 31 December 2024 2024 2023 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 3,519 981 4,500 3,626 3,519 981 4,500 3,626 NET CURRENT ASSETS (LIABILITIES) 3,519 981 4,500 3,626 TOTAL ASSETS LESS CURRENT LIABILITIES 3,519 981 4,500 3,626 NET ASSETS 3,519 981 4,500 3,626 FUNDS OF THE CHARrrY Restricted Funds Unrestricted Funds 981 1.056 2,570 3,519 TOTAL FUNDS 4,500 3,626 On behalf of the board Elanor ParkSnson Trustee 2910912025 The notes on pages 11 to 13 form part of these financial statements. Page 10 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements For The Year Ended 31 December 2024 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 insignificanl risk of change In value, and bank overdrafts. 3. Income from Donatlons and Legacles 2024 Unrestricted Restrirted Total funds funds funds Donations and gifts Member subscrlptlons an¢ sponsorshlps Grants 851 851 9,480 9,480 94,742 94,742 10,331 94,742 105,073 2023 Unrestrlrted Restrlrted Total funds funds funds Donations and glfts Member subscriptions ané sponstsrships Grants 1,032 12,432 80 1,032 12,432 81,174 81,094 13,544 81,094 94,638 4. Other Income 2024 2023 Unrestricted Unrestricted funds funds Classes supplied Ticket sales 3,400 5,108 11,420 8,508 11,420 Page 11 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2024 5. Analysis of Expenditure 2024 Support costs (see note 61 Charitable activities 112,707 2023 Support costs 15ee note 61 Charitable activities 106,OIL 6. Support Costs 2024 Charitable activities Employee costs Premises expenses General administration 51,661 27,465 33,581 112,707 2023 Charitable activities Employee costs Premises expenses General administration 37,214 23,476 45,321 106,011 Movement In Fund$ Asati January 2024 Asat31 December 2024 Income Expenditure Unrestricted funds General.. Unrestricted Funds Re$trl¢ted funds Restricted Funds 2,570 18,839 117,8901 3,519 1,056 94,742 194,8171 981 Total funds 3,626 113,581 1112,7071 4,500 Page 12 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673
TIME STEP DANCE Notes to the Financial Statements {continued) For The Year Ended 31 December 2024 Asatl Jartu•rv Asat31 December 2023 Income Expenditure 2023 Unrestricted funds Genetsl.. Unrestrirted Funds Restricted funds 2,788 24,964 125,1821 2,570 Restricted Fund5 791 81,094 180,8291 1,056 Total fund$ 3,579 106,058 1106,0111 3,626 Related Party Dlsclosures Page 13 Doc ID.. e9e31e2e158dcf03bb3c4c9341f49d4b446b1673