REPORT OFTHETRUSTEES AMD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR THE IMreRNATIONAL DANCE TEACHER5. ASSOCIATION UMITED BENEVOLENT FUND
THE INTERNATIONAL DANCE TEACHERS, ASSOCIATION LIMITED BENEVOLENT FUND CONTENTS OF THE FlhlANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Pag• Report of the Truste8S 1 10 2 Ind¢ptrndnt Examlner's Repot1 Statemènt of FlnanelJl A¢tlvities Balance Sheet N)tes lo the Finan¢lal Statements 6 10 8
THE INTERNATIONAL DANCE TEACHERS, ASSOCIATION LIMJTED BENEVOLENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present Iheir report Nmth thè financial statemenls ol the charity for Ihe yeai ended 31st Decerrbbei 2024. The trustees have adopted the piovisions Df Accounlin9 Ènd Reporting by Charities". Ststemenl ol Recomm8nd&d Pracb"ce apICable lo therilies pieparing Iheir accounls in accordance with the Finanoal Reporting Standard applic8blÈ in thè UK and RÈwblic ol Ireland IFRS 1021 lettective 1 January 2019}. OBJECTIVES AND ACTIVITIES In setting Ihe objeclives and providing servicas. Iha Irvslg9s have gfven carelul consideralbon lo the Charity Commission's generdl guidallce on publlc benerrt. The oblectwas of Ihe charity ar•.. 11 To promole and foster the art gf dang in all its l(XTrs by all prtclicd means and uphold the highe51 ideals fgf the dance ond to improve and further the te¢hnic81 anij general knoage ol persons engaged in or seeking or about to erbgage in the leachmg of danrjng: and 21 To provida financial Bssistance lo person$ in need, being.. al mernbers or lornièr mernbers of the Association., bl othei dancers or lorrner dance, teachers or former teachers of dancing- cl empltsyees and fom6r émployeés of the Association, or dl the spouses, widows, widowets, chIldn and other dependents of mernber5 or former members of the Association, or of olhér dancers or forner dancérg, tèachèrs or lomier teachers ol dancing. or ol employees or fomar èmployèès ol thè A%sociation In such manner 8nd by SLJ¢h means as the trustees in their absoluie dIsli0n,,roM Ibne lo lime think fil. ACHIEVEMENT AWO PERFORMANCE In order 10 aclmeve the obieclives and tha ch8rfty'S purposes for the publ1¢ benefit. the main xlivilles for the year I1¢d.. the holdirE of daTrce avenls to furthèr promole and (osltrr tho art of dance. Includlng Nationwid8 Madallist, Miss Dance Dance Master ¢pellI1(Al$. Ihe sponsoring of dancwelaled organlsallons., and the provlslon of gr8nts lo 11 lomer mgmb•f8. mploye8s 8nd dancers In no8(L The frusle¢$ will c¢nlinue 10 raise Ihe profile ol the ¢harily with a wew lo providing assistance lo a gieaier numb¢rs ol Iho$e In need in lulur9 years. In 8ddition, Ihg charity will Continue lo develop its 1$11ryJ actfvllies and will further explore new ways to lurther promolfr onJ foster tha art ol danc8. F5NANCIAL REVIEW The Trustees of the IDTA Benevoleni Fund IIDTA Board ol tmractorsl reviewed the accounls for the IDTA Benevoienl Fund foi the year endSng 31 Decernber 2024 noted that the reserves lunr8stri¢18dl 81 that date stood 81 £141,556. Financial assistance lor 2024 amounted lo £10,500. The Truslaes have reviaw8d the reserve luiid p&iry and consider e fund of Bpproximat8ty £100,00015 required lo ensur6 donations can be rnAde lor up 10 2-3 years in Ihe event ol one or nore ol the rnajor contiibulors to Ihe Benevolent being unable lo donate. This ts'mescale h85 been considered, as the major contribuiors lo Ihe lund are well eslablished dance competitions, whlch Sf they were to cease, would require the Trusiees k) saek donations from dhèi $our¢es. 11 woiild 18ke a nLThber ol years to create and 8Stablish naw dance Com11110ns, which may be ablo lo ofl•r significanl dtsnalions lo th¥ lund. While the IDTA Benevolent Fund, al this time, (k)es not hAva ongolng commilrnenls to Individuals, thè Trusle$s may consider longtrr lèrm, regular donations in ihe fulure and wlsh lo ensure that a commilment could bè madè for a suitablè pèrfod ol limo. We confirm that thè r88ervè9 av811able Io use al the end ol the year ol £141,556 are suffici8nl in ordar to tulfil tha chanty's curr8nt activities. The reserve fund 1$ monllored annually by Ihe Trustees and the nurtber and level ol donations are reviewed al the lour Board of Trustees meètings e¥ch year. The cnarty ensures best utilisation of temporary excess funds Ihrough invesimenl in bank deoosil accounts. STRUCTURE. GOVERNANCE AND MANAGEMENT The International Dance Teachers, Associalion Limittrd Bènevolent Fund 1% 8 rp.gislered charity, regislpred in England and Wales. 11 is ¢onstituted under a declaration ol trust dated 1 July 1987. and Is administered arKJ managed by the Board DI Truslees. The day-lo-day running of Ihe charrty resls with J Stockdtle, a trustee ol the Charrty. The power of appoinling new trustees rests Intemational Dance T88chars' Asso¢i8bon. Appolntmenls Df trtsslees 8rt rnade annually Ihrough appointrnenl to Iha Finsnca 8nd General Purpose Committee ol th8 Inièmaiion81 DanBe Teachers, AssocidlKSn. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 297561 Principal addrèss 76 8ennell Road Brighton BN2 5JL
THE INTERNATIOMAL DANCE TEACHERS. ASSOCIATION LIMITED BENEVOLENT FUND REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 Tru$t¢45 A Jones L Ciy)k L King (Mis L Curtfftl M Sandham Y Saundgrs J Kirkland P Dlment J storkda (sIed 3014120251 Indepeodsnt Examlnèr Galloway5 Accounting Linmted 15 Wesl Slreel Brighton E8$1 Sussex BN12RL Approvad by ordèr ol tha board of trusiees on .... 1.6..lo L.12 and sned on its behalf by. M S8Trtham - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INTERNATIONAL DANCE TEACHERS. ASSOCIATION LIMITED BENEVOLENT FUND Independent examiner's report to the trustees of The International Dance Teachers, A5sociatlon Llmlted Benevolent Fund I repori to the charily tiustees on rny examination of the accounis ol The InlefneliDnal Dance Teachers. Association Limitè¢ Benavolanl Fund Ilhe Trustl lor thè year ended 31st Oecembei 2024. Responsibilities and basis of report As the charity Irvslee5 01 the Trusl you are responsible lor the pr8p8ration of the accounls in occordance wlh the requiremènls of thè Chenties Act 2011 I'th8 Act'l. I report in respecl ol my cxaminalion of thè Trust's accounts carried out under Secijon 145 of the A¢1 and in carrying my examination I have followed all applicable Dire¢lion5 given by the Charity Commission under SeclN)n 14515llb} of the ACL Independent 8xamin•rt$ Statemènt Since your charity's gross inc<xne exceèded £250,000 your exarniner must bè a mÉmb81 01 a listed body. I can confirrn that l 8m qu8lifi8d lo undertake the examtnation becaus& l arn 8 member of Ihe Inslilule ol Chartèred Accounlants in England and Wales, which Is one ol the listed bodies. I havp r.ompleled my 8xamtration. I confirm that no material mall6rs havè come lo my attention in connection with tha èxamination 9iving me cau$8 Its believe that in any m2lenal respect. accounting records were not kept in respect ol the Trust as required by S8clion 130 01 the A¢l,' or the accounig do noi 8ccoriJ with those recoids". or th8 accounts do noi comply with IhÉ applicable requirements concaining Ihe lorm and content tsf accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihal Ihc accounts 9ive a tfue an¢J 181r view whi¢h is not a matt8r considered as part ol an independent exarninaiion. I have no corhGerns and have ¢ome across no olhcr m8tlcrE in connection wilh the examination lo which attenllon should be diawn in this report in order lo enable a proper understanding ol the accounls to be reached. Colln Young BA FCA Galloways Accounting Llriiilèd 15 Wesl SIet rigl)ton East Sussex 8N12RL Oate..
THE INTERNATIONAL DANCE TEACHERS. ASSOCIATION LIMITED BENEVOLENT FUND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 UnrestrlctÈd fund 2023 Total tunds Notèi INCOME AND ENDOWMENTS FROM Donalions and legacies 2.858 20,131 harltable actlvitle5 Compets"lions 267,S45 222.717 Investrnenl incoma 750 51 Total 271.153 242.899 EXPENDITURE ON Charitable actlvitles Compètitions Financial assistance 180,495 10.862 177.660 32,143 Total 191,357 NET INCOME 79.796 33,096 RECONCILIATION OF FUNDS Total fijnds brght forw¥rd 61,760 28,684 TOTAL FUNDS CARRIED FORWARD 141.S56 61,760
THE INTERNATIONAL DANCE TEACHERS. ASSOCIATION LIMITED BENEVOLENT FUND BALAhlCE SHEET 31ST DECEMBER 2024 2024 Unrestrl¢ted fund 2023 Total funds Notés CURRENT ASSETS Debtors Cash al bank 6,999 144.608 2.354 151,607 67.053 CREDITORS Amounts falling due within on• year 110.0511 15,2931 NET CURRENT ASSETS 141.556 TOTAL ASSETS LESS CURRENT LIABIUTIES 141.556 61,760 NET ASSETS 141,556 61.760 FUNDS Unr8strict8d lund$ 10 141 556 81,760 TOTAL FUNDS 141556 61,760 The fln¥ncl81 slalemenls were apwJved by Ihe Board of Tiuslees and aulhorised for issue on behalf by., Jnd were slgned on Ils JKI nd- Trustee M Sandham - Trustee
THE INTERNATIONAL DANCE TEACHERS. ASSOCIATION LIMITEO BENW4OLENT FUND NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31ST DECEMBER 2024 Statutory InformaU¢n Thè Inlemational Dance Teachers, Association Limited Benevolent Fun¢ is an unincorporated charity registered in England and Wales. The principal address of the charity inlomalion is on page 2 of Ihese financial slatemenls. The nature of the charit$ oper31iDDs 2nd winupal activit16s ar8 th8 org8nisation of dance events to promote fosler the art of dancing, sponsorship of da-[elated oiganisations and the provision of financial assistance to formar members and employees d 1ntgmalrI Dance Teachgrs Associatiffl and dancers in need. Ac¢ountlng polkles Basis ol pr?paTlng the flnancial statements The chartty Co$tItUteS £ public benefit enlity as defined by FRS 102. The fir,ancial 5talemenls hav& baen prepared in accordance with Accountng and RepoA9 by Charilies.. Slalemenl DI Recomrnended Practice applicable to ¢haritses preparing their accounts in aecordan wilh Ihe Finaneial Repcrting Standard applicable In the UK and Republic ol Ireland issued in Oclober 2019, the Finan¢Aal Reporting Standard applicable in the Uniled Kln9dom and Republi¢ ol Ireland IFRS 102). the Chafjlies Ad 2011, and UK Generally Accepted A¢oounling Praclice. Th8 financial s14twnerrt5 have been prepared to give a 'lrue and fairf vlew and have ¢Jeparled IrorN the Charities (Accounts and Raportsl Regulations 2008 only lo Ihe exlenl required lo provide a Irue and lar w&w/. This departure has invofved lollovmg the Accounling and Reporting trjy Charilies. Stalemenl ol Recommended Practice 8P1(3ble to charities pparing their acctsunis in aOrdanCe wrth Ihe Financial Reporting Standard applic8blé in the UK and Repuhli¢ ol Irèland issued in Octobèr 2019 ralfr.r than the Accounling 8nd Reporting by Charities.. Stalennt ol Recoffimended Praclice effeclive from 1 April 2005 which has SIn been withdrawn. The financial stslemenls havg bttn pi8pared under the hlslorical cosl convenlion. Golng concorn Thè financial $131ements have been prepared on a going concern basss as thè Irusi¢es have ¢onsldered th8 ¢p8ralion$ 91 the charity and are ¢onfidénl that Ihe charity will conlinug lo opgrale 89 a golnq conc$in. In¢ome All incoming resovrces are included In Ihe Slatemenl ol Finan¢lal A¢livStles ISOFAI wh6n the charily is 189811y enlillcd lo Ihc incomo after ony perfomoncc conditions have been rnel, Ihc arnounl can be measured liablY and il 1$ piobable Ihat the income w1 bè recerrfed. Dongtion For donalions la bè recognised the charily will have been notified ol the arnounls and the seitlemenl dale In wrktlng. 11 there are condilions attached to thè d¢)nation and th1$ reoulres 8 level ol perforrnance before entrtlemenl can be obtained Ih8n income is deferred unlll those condiliolls are lully mel or Ilie lulfilrnenl ol those condib.ons Is within the control ol the charity and il is probable that Ihey will be hjlfilled. btion income Cornpetition income is recogni8ed in incL¥ming resourc•s in the same period as the event lo which il relales is held. Exp¢ndlture Li8bllili•s are recognised as 8xp8ndilure as soon es Iheie L% a le981 or conslwctive obl gation committlng th8 charty lo Ih81 expenditure, it is probable Ihal a transfer ol economic ben&fils will be requlTed In selllernenl and the amounl ol Ihe obllgation can be rneasured rellably. Expendllure Is a¢counted for on 8n AccruÉls basis 8nd has béen clasSrf under he8dlngs that aggregate 811 ¢0sl r8laled to Ihe category. Where costs Cannol be ¢Jire¢lly attn'buled 10 particular heatn9$ Ihey have been allocated lo activities on a ba516 consislenl wlth the use ol re80ur¢e8. All resources ar8 in¢lu81ve ol Irrecoverable VAT. Gr8nl$ offered subject lo condilions which have not been mel al the year end dale are noled as a cornmllmènt but not accru8d as expendilure. Alltxatlon and apportlonmont of costs Support ctssts are Ihosè Ihal assist the work of the ch8rity bul do not direrlly represgnl Gharilablg activities 8fKI Include govemance costs. They are incurred direclty In suppon ol expendiiuro on Ihc objecls of ihe charity. Where support costs Gannot be direclly 811ribulèQ to Particular headings they heve been allocated lo expendilure on ch8ril8ble a¢lltIeS on 4 bas55 consislenl with use of the resourc8S. Taxallon The charty is exgmpt Irom tax on ils eh8ritablè aclivities. Fund accountlng Unresincl8d funds (an bg used in 8CCCrtance wilh the charitable objeclNes al thè dis¢rÈlion ol thè Istee$. Debtors and crèdltors duè wlthln onè yèar Debtors and credilors wlh no sialed inleresl rale and receivable or payable within year are tscor al Iransaction price. Any losses arising Irorn impaim)enl are recognisod in expenditufe.
THE INTERNATIONAL DANCE TEACHERS, ASSOCIAnON LIMITeD BENEVOLENT FUMD hlOTES TO THE FINANCIAL STATEMENTS - continuad FOR THE YEAR ENDED 31ST DECEMBER 2024 Invèstment in¢orne 2024 2023 Deposit account intergsl 750 51 Grants payable 2024 2023 Flnancial assistance 10,500 31.700 Grants of £10,50012023." £31,500> were rnarlè lo individuals to provide finanrial assistance lo help alleviate hardship. Support costs Governance costs Management Totals Compelitions Financial a3SlStance 3,351 201 2.683 6.034 362 2,844 Independent examlnerfs remun•ratlon 2024 2023 Fees pay8bl8 lo tho Independent cxamlner lof th& independenl examinaiion ol the ¢harily's linanclal stalaments Other non-exarninauon s•rvlces 1.293 1.551 1.758 1.050 Trustee$, i*mungfation and b•n•tits There were no trustg9s' remuneration or other benefits lor lh8 Ar ended 31$1 December 2024 nor lor the year endtsd 31st Dec¢mbef 2023. Trust•6s' expens0$ During the year, flal-rale vlrtual meeting expense3 Vre paid lo five InJslee8 amountlng l(1 £1,45012023.' £nill- Debtor$'. amounts lalllng du• wlthln gn¢ y•?r 2024 2023 Trade deblor5 Olh8r deblors Pr8paymenls $40 678 1,676 fj.459 6,999 2,354 Creditors-. amounts lalling duè wlthln on¢ y¥ar 2024 2Q23 Trade rredilors Other creclicfs 282 9.769 5.293 10.051
THE INTERNATIOPIAL DANCE TEACHERS. ASSOCIATION LIMITED BENEVOLENT FUND MOTES TO THE FINANCIAL STATEMEKfs - continuèd FOR THE YEAR ENDED 31ST DECEMBER 2024 10. Mov•m•nt in funds Net movement In funds At 31112124 At 111124 Unrestrlctèd lunds Gera1 lund 61.760 79.796 141.556 TOTAL FUNDS 61.760 79,796 141.556 Net rnovemenl in funds, indudeLI li Ihe above are as follow5.' Ineomlng r•sour¢es Resources ejtpended Movèmènt In funds Unre>trlcted funds General fund 271,153 1191.3571 79,796 TOTAL FUNDS 271,153 191,3571 79.796 Comparatlvès lor mov¥menl In lunds Nat movement in funds Al 31111123 At 111123 Unreslrl¢lcd lunds Genera lund 28.664 33,096 61.760 TOTAL FUNDS 28,664 61.160 Comparative nel movement in funds, included in the above ar8 85 follows.. Incomlng resourcès Resources expended Movement Sn funds Unreslrf¢led funds Gonor81 fund 242,899 1209,8031 33,096 TOTAL FUNDS 209 8021 11. Related party dlsclosures Inlernalional Dan¢e Teachèrs A550ciation s members, lormei rnember5 and employees are the primary beneficiaries ol the charlty and thè company 15 responsible for appoinilng the Iriiste8s. Al the year end, Ihe charity owed International D8n¢è Teachers Association £6.907 12023.. £1,676 ¢obiorl. The amount is inlèresl-lree, unsecured and repayable on ¢Jem8no.