REGISTERED CHARrrY NUMBER: 10021MS REPORT OF THE TRUSTEES AI UNAUDITED FINANCLIL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2023 FOR TH& BRITISH SOCIETY OF DE[AL AND MAXtLLOFACIAL RADIOLOGY Martin Aitken & Co Ltd Ch&rtcrRd AccountAllts Caledonia House 89 Seaward Strvet Glosgow G41 IHJ
BRITISEt SOCIETY OF DENTAL AND MAXLoFAClAL RADfoLOGY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pa8¢ "ryjrt of the Tr48tf*:° Independ¢n¢ Exarninorli Report Stat¢m¢nt of FlnAnclol A¢tlvlttes B414n¢¢ 8he¢t No¢¢5 to th¢ Flllallclal Ststem¢nts Dotalled StAtement of Fln4DcIAI Actlvllloi io
TKE BRITISH SOCIETY OF DENTAL Af4D MAXILLOFACIAL RADIOLOGY REPORT OF THE TRUSTEES FOR TELE YEAR ENDED 31 DECEMBER 2023 The twslees pi'esent their report with the finan¢iAI ststemenls of the charity for tbe year ended 31 December 2023. Th¢ twstee5 have adopted the provision5 of Accounting and R¢porting by Cl)arili¢s'. Slalement of Recommeiided Practice applicable LO ¢h.1t1eS preparing tlicii accoiinls ID aecordaLiCe wilh th¢ FinAI)ci81 Reporting Standard 4ppllcablc in the UK and Republic of Ireland (FRS 102) (effective l January 2019)- OBJECTIVES AIYD ACTIVITJLS Objectlvcs llDd alms l. The advan¢emeDt of the education of Ihc publio by the promotion of the study of d¢ntal and m8xillohcÉal radiology. 2. To promotc thc study of radiographic technique. 3. To encourage And support bigh standards of undergradual¢ and post8radu&te educatioTh in dental and mLxillolacial radiology In thc UK. 4. Ta facilitate the production of all undergraduate curriculum in delltal and maxillofacial radi0108y. 5. To provld¢ advice on issu¢8 involving dont81 And maxillofa¢ial radi0108y. 6. To provide re8ular educaliomhl end scientifie meeting8 for conllnued profes8iollAI development. 7. To provid¢ p0818radualo training courBes in mÉxillofa¢ial radioloBy 8. To support members of Ihe Society ond those with an intcresl ift denl41 and maxillofaelal radio108y to ttttend inlernalional educalional aod scientific meetings. 9, To providc a pccr teview Schcme for speciali81s in dental and nxilI0fart1I radioloBY. 10. In fvrtherance of the said objectives the Society shall have power to carry out or lo assist ID the canying out of research in denthl and maxillofaciBI radiology llnd lo disseminate the useful rcsults tl)ereof. Th¢ m•ln activities of the chlty arc as follows.. l. On¢ scicnlific meeting p¢r y¢ttr. 2, One Radiographer's Study Day p¢r year. 3, Two couneil Meetin per yc8r. 4. Pullin8 on Cone beam cr Courscs for dentists in conjunction with Royal Colle8¢s and Pmf¢ssion81 Societies io the UK. S. Awarding of travel bur8ari¢s/prizes lo altend mceling3. 6. Awardin8 of ¥4 BSDMFR Denlal Undgrgrnduale Award. 7. Peer review scheme for those member3 OD the specialist list. Page I
THF IIIIITISH SOCIETY OF DEIYTAL AND MAXILLOFACIAL RADIOLOGY REPORT OF THE TRUSTEI ES FOR THE YEAR FNDED 31 DECEMBfi R 2023 ACHIEVEMENT AND PERFORMANCE Chllritgble Mctivitie5 I'h¢ main achiEveinen15 of Ihe charity dui'ing ilie ycar wero as follows.. l. Ran a Sci¢nlific Meclii)g iii Julie lo educatc and promote radiology knowledgo in both gcncrRI and specialty denli51iy this hybrid eveiii liad 60 parlicipanls fi'oin around the UK. 2. Raii a Radiography Study Day in Noveinbor to educate and promote radiology knowledge for both radiographcTS and radiologists - tliis in-person event had 40 participants fi'oin around th12 Ulc. 3. ArranEed Vtslilig and pi'izes for th¢ best mcmbor5 Dl'esenlalinn" and "holt Inpmher.% nn.8lp.r Rt t.he Ahnve p.ve.ntq. 4. Ran a BSDMF.'R lJiid¢i'grAduale F.ssay compelilion and awarded a certificnt¢ and mon¢iary prizc to Ihc lop submi8sion. 5. Succcssful l>cer Revicw procc5s and consensus Inceting. 6. Multiple members l)ave coiilribuled to con¢ b¢aiM CT coursc5 (Refei'i'¢i' coiii's¢ and Inter¢tation course) run in conjunction with lh¢ Royol CDlle8¢ of Surgcons of Lnglaiid and Bi'itish Socieiy of Orthoduniics, 7. Multiple mcinb¢i's ar¢ involved in r¢ncwin¥ the UK curriculum for tho specialty of Dental and Maxillofa¢ial Radiology. 8. Multiple members are involved in rcncwin8 the UK undei'8raduate cun'ieulum template for fjvntal and Maxillofacial Radiology. FINANCIAL IIFVIFW inai)ciMI positio Thc Sialemcnl uf financial Aclivitl¢S shows nel lo$s of £16,081 (2022.. £1,340 profil). This figure simply rcprescnls thc nioiiey moviiig in and uul of thc society's accounts bclwccn Januai'y I st and Dcccinber 31 sl - it is intluciiced by factors such as cxpensc8 fToin 2L)22 CIIC'I, cuurses being paid out in cai'ly 2023, and pi'ofii from 2023 Cl3c'r courses noi bcing received uniil e81.ly 2024. It is C$liiMuled that ihc sociely's ovcrall aclivities iii 2023 actually rcsulied in a siiiall plfiL The lolal funds for tlie charily as al 31 st Dccember 2023 amounted io £114,745 (2022.. £130,826) Rcservcs policy T17e Charity seeks to keep suffi¢i¢ni 25sets 10 cover cvents or unforeseen situalions that may happen in Ilie fulure. CBCT coursc517ave geiiei'ale(l %ignificanl incoiiic foi. thc Socieiy in pi'Lvious ycars but Ihis is expcclcd lo rcducc ds deinand di'ops. A 5ignificanl propoition ofthc accliiiiulatcd dsscls sliuuld bc u5cd for edu¢alioiial piii-poses in Ihc rLIIIii'c, such as inviting high pi'Dfil¢ speak¢i's to fLIILir¢ Ineeliiigs, flindiiig exts'ucui'riculdr ediicalional acliviiies for 5p¢cialty I'cgisli?rs and I'adi(Igi'apl)or5, Selling up a research gruiil. and suppoi'liiig Imembers when pi'oinoiiiig ihe specially. STRUCTURE, GOVKRNANCC AND MANAGEMEJYT GovLrniag document Thc charily is controlled by it5 governing document, a deed of trust and constilules an unincorporated charity. 'ri)e Bi'ilisli 8ocicty of i)cni¢il tincl MaxillofilCl¢?l Radiology is a public beiiefii cniity controlled by ils govci'niiig document, a dccd of LI'LISI and Loiisliliitcs an iii?ii)cori)or4iled cli¢ll'ily. 'I'he principal oificc addrcss is Dental Maxillofacial Imaging, Flay (il'CClI Curii¢i-, I. isl)li& IKC, I)UllCEislbi-, YiTrrlc51?ii'L. DN7 SLA. RFFfi RENCE AND ADMINISI'RATIVF. DETAILS Regi51ercd Charity number 1002045 Page 2
THE BRJTISH SOCIETY OF DENTAL AND MAXILLOFACIAL RADIOLOGY REPORT OF THE TRUSTEES FOR THE ENDED 31 DECEMBER 2023 Prlnclpal address D¢ntsl Maxillofaclal Imogill Floor 23, Tower Wkng London SEI 9RT Trustees N M Henderson Tre88urer DrRN8U P P Nixon B Batchu DrSYN8 Indepondènt EXanll¢r Martln Aiiken & Co Ltd Chhrlered Accountants Caledonia House 89 Seaward Street Glpsgow G41 IHJ Apptoved by ordcr of the bo8Td of tnte¢S on ...., . and signed oft ils behalf by.. N M H¢Thder80n TrcR8uror. Trns Page 3
INDEPENDENT EXAMINERIS RIPORT TO THE TRUSTEES OF THE BRrrisH SOCIETY OF DENTAL AND MAXILLOFACIAL RADIOLOGY Independent exAmlner's report to th¢ trustees of The Brfitlsh Soclety of DtntAI ond MAxlllofAciAI RAdiology l Teport to the charity tnlee8 ort my exainination of the accounts of TILe British Soeiety of Dental al M#xillofa¢ial Radiology (the Trust) for the year ended 31 December 2023. Responslbllltles gnd bfjsis of report As the charity trustees of thc Trnsl you are responsible for the preparation of the accou1 in accordance with the requlremertts of th¢ Charities Act 2011 {'Ih¢ Act). I report in respect of my examination of the TruBI's aceounls carried out under Section 145 of tbe Aet and in carrying out my examinaliun I have follotd all applicable Direction8 givert by the Charity Commission under Section 145(5)(b) of the Act. Independent ¥xamlneT'S itatement [ lre completed my pYaminAlinn I e.nnfirm IhAI mHtnriAI rnRlterA h4v¢ ¢om¢ lo my attention in ¢ollnection wilh th¢ oxam[tiOn giving m¢ Cousc to beIiev¢ that in thny m8terial re5pecL accountin8 re¢ord8 were not kept itt respect of the Trust as required by Section 130 of the Act; or the accounls do not accord WAth those records. or the CountS do not comply with Ibe Applicable requirenwnts concerning the forni and contettt of 8ecount$ s¢t Out in tbe Charities (Accounts and Report3) Regulg1ion5 2008 other than any rquirem¢nt that the accouDIs 8iv¢ a tN¢ ond fair view which is not a matter eonsidered 85 part of an independent examination. I have no eonccrns alld have come Aeross no other matters in conneclion wilb ihe ¢xaminalion to which oltenlion s[uld be drawn in thi8 report in order to enable a proper undeT81andillg of the 8ecouals lo be reached. Robert G Alldrews CA FCIE MArtin Aitkcn & Co Ltd Chortered Accounlanls Caledonia House 89 Seaward Street Glasgow G41 LHJ Dale.. Page 4
THE BRITISH SOCtBTY OF DENTAL AND MAXILLOFACIAL RADIOLOGY FOR TIIE YEAR ENDED 31 DECEMBER 2023 2023 Unrestrleted fund 2022 Tol&l Notes INCOME AND ENDOWMENTS FROM Donation8 and le8ocje8 6,847 4,231 Chnrlt4blè nctlvities ChaTltable activilieg 2584 32,159 InVeStnt incom¢ 1,233 155 Totsl 33,664 36545 EXPENDITURE ON Chxrltsiblc 4¢tlvld¢s ChoTilable a¢livitios 49,745 35,205 NET II¥COMEIIEXPENDITUIiE) (16,081) 1,340 RECONCILL4TION OF FUNDS Total fundj brou8ht forward 130.826 129,486 TOTAL FUNDS CARRIED FORWARD 114,745 130,826 The notes form part of the8e fillala1 Statements Page 5
THE BRITISH SOCIETY OF DENfAL AIYD mA[LLOFAcIAL RADIOLOGY BALANCE SHEET 31 DECEMBER 2023 2023 Unr¢strl<t¢d rund 2022 Totnl funds Notss CURRENT ASSETS Cash at b8t 115?81 132,122 CREDoRs Amounts falling due within one year (636) (1,296) NET CURRKNT ASSETS 114,745 130,826 TOTAL ASSETS LESS CURRENT LIABILTllES 114,745 130,826 NET ASSETS 114,745 130,826 FUNDS Unrestricted fjJnds 114,745 130,826 TOTAL FUNDS 114,745 130,826 The fin8ncial Jthlements weie 8pproved by iknc Board of Trustees and auihorised for155ue on and were signed on its beholf by,. N M Hendcrson TreasurK- TNsl¢e The notes fomi part of these fjnancial $lalem¢nts Page O
THK BRITISH SOCIETY OF DENT AL AND MAXtLLOFACIAL RADIOLOGY NOTES TO THE FJNANCIAL STAThMENTS FOR THE YEAR ENDKD 31 DECEMBER 2023 ACCOUNTING POLICIES Bnsis 0( prep&rlng the finAncl21 statements The financial slatemcnts of the eh&rity, whicli 15 a public benefit entity under FRS 102, have been piepared in accordanc¢ with the Cbarilics SOPF (fRS 102) 'A¢eounting and Rcporlillg by Chatilies: Stalcmenl of Recommered Practice applicable lo charities preparing Uicir &¢oounts in ac¢ordanc¢ with thc Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102} (elfeclivc l January 2019),, Financial Rcporling Stoodard 102 'The Financial Reporting Slandhrd applicabl¢ sn the UK and Republic of Ireland, and Ihe Charitie8 Act 2011. The financial stalgments hAye been prepared ullder the historical cost ¢onverLtiOn. The finanoiAI slilements of the oharity, wliich is a public benefit enlily under FRS 102, have been prepar¢d in a¢¢ordoncc with thc Charities SORP (FRS 102) 'Accounling 80d Rcporling by Charities.. Sthtemenl of Recommended Praclico &pplicable lo ehArilies prepaiing their A¢counts ITh accoi'dance with Ihc Fimncial Reporling Standard &pplicDble iii the UK and Republic of Ircland (FRS 102) (effective l January 2019),, Financial RepoIlin8 Slandacd 102 'The Financial Rcporling Standard dpplicable in the UK and Republic of Ir¢lind' And th¢ Chaiilic5 and Trustee Investment (SBOtland) knt 2005 and the CompaDiCS Act 2006. Ass¢ts aiid liabilit1¢5 are initially T¢GQ8nis¢d at hi8tori¢o1 cost or trausaclioa value unless olh¢Nise sloled in the r¢lwanl accounling policy nDtes. The financial yllllcmenls are pros¢nled in Sterling (£). Going conccrn Th¢ financial 5talement5 have been pr¢parcd on a 8oin8 conccrn basis. which the tNstee8 bcliove lo be llppropriat¢ for tlic reasons sat oul in the TNstees' Report. Incom0 All illcome is i'e¢ogni5ed in the Statement of Finanoial Aclivilies once the charity has entitlemcnt lo the fjJnd8, any pcrfOrnllLe coudilioDS atta¢h¢d to Ihc income have bccn met, il 18 probable th&t the income will be receiY¢d and the Amount carL be measurcd reliably. Other revenuo slre&mB arc recogniscd when lIre is on und¢rsl&nding of the ternLS lo both parties and the charity bas invoioed the &ppropriate enlity, Jn the event t])at a servicc is subject to COlldilion9 tbal require a level of perforniat)ce beforc th¢ charity is enlitlcd lo rtds, thc Income is deferred Bttd not rccognised until eithBr thosa condilionR are fully IDet or tbc fvlfilmcnl of those conditions is wl)olly wiihin the Cootrol ol Ihc charity and it is probable that those condilionB will be fvlfillcd in the reporting period. Expendltur¢ Liabilities arv recc>8ni4ed 8$ expenditure as Soon as ther¢ 18 a108al or constructive obli8alion COtting the ch8rity to that expendittjre, il is probable that a Iranyfer of economic b¢nefLts will bc required in settlement aio Ihc omounl of the obligation Can bc measured reliably. Expenditure is &ccountcd for on an accruals bAsis and has bccn cl&sgificd under lieadings tknt aggregate all cost rolaled lo the catcgory. Where ¢osls cannot bc directly allribuled io particular headings they tsave bcen allocated lo 8clivities on a basis consistent with the us¢ of resource5. CliarAtabl¢ Aetlvltles Costs ol ¢h8ritablc activitie.% ar¢ Incued by Ihc cliarity lo raise funds for it3 chaTilab12 purposes and includes costs ofall fidr&I8]ng a¢livilie5, cvenls and non.¢harilable Iradillg. Taxation Thc charity is exeinpl from lax on its ch4rithbl¢ aolivitie$. Fund Jccounting Unr¢stricled fund5 can bc used i)) occordanc¢ with tbe cbarilabl¢ obj¢ctives at the dL8crelion of the trustees. Page 7 contillued...
THE BIUTISH SOCIETY OF DENTAL AND MAXILLOFACIAL RADIOLOGY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- conllnued Financial InstruD)ent5 The charity only enler8 into basic funCIal in8tNments tr8nsaclion5 that result in thc recogoition of financial assets and liabilitie8 like other accounts receivAble and payable. Debt illstTuments like other accounts r¢ceiv6ble attd pgyable are initially measured ot pyesenl value of the futhre pdyments And sub8equcnily at amortised cosl using the effeotive interest nwibod. Debt in81Nmenlg that are payable or receivable wilbin one year, are measured, initially Bnd 8ubsequenily, at the undiscounted amount of cash or other consider&tion expected to be paid or rcceived. Finallcial as9el8 mettsured at cd81 aiid amorti8ed cost are assessed at Ilie etsd of ¢Ach reporting period for ¢videnoe of Inwairnienl and if found, an impairment loss is recols¢d in profit or Ios8. Finonci81 liabiiiiles Ar¢ doreco8ni5ed when tho liability 15 extin8Ui8hed, that Is when th¢ contractu81 obli8alion is diKharged, cancell¢d or expires. Judgcmcnts The ¢ompony considers on an Annual basis thc jDdgement.9 that are made by manag¢menl when applyinB 118 SIrICant accounting policies tlial would 11gve the most signiflcant ¢ffccl on amoullls that are recognised in lh¢ rinancial slaten]cnts. The ThJ31ees Considcr 11)er¢ are no sucb 6ignifi¢8nt judg¢ments. Provislons Provi510DS arc rc¢o8nised when the charity has a Icgal or constNctive obli8ation at the rcpoTting dale as a result of a pA$t event, il is probable that tbo charity will bc i'equir¢d lo sellle the obli8alion and the amount of th¢ obligation can be reliably ¢8timal¢d. Provisions are reco]sed al the best e31imak of the amoullt required to settle Ilie obligation at the reporting date. llYVESTMENT INCOME 2023 2r122 Bank interest N S & I Bar& illlete5t SAntslld¢r 149 1,084 IB 137 1,233 155 TRUSTEES, REMUNERATION AIYD BENEFITS There wcre no Iru9te¢8' r¢mun¢ralioh or oth¢r benefits for thc y1 endod 31 December 2023 Dor for the year ended 3 l D¢cember 2022, Truitees, ¢xpon$cs There wero no 31 December 2022. tNslees' exp¢Dses paid for the year ended 31 December 2023 nor for the yejr ended Page 8 continued...
TUE BRrrtSH SOCIETY OF DENTAL AND MAXtLLOFACIAL RADIOLOGY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THK YEAR ENDED 31 DECEMBER 2023 COMPAIUTIVES FOR THE STATEMENT OF FINANCIAL AcrtVlTIES UDrtitrictcd fund INCOME AND ENDOWMENTS FROM Donations and legacies 4,231 ChArltuble Activlti Charitable activities 32,159 Inv¢stmenl incom¢ 155 Totnl 36,545 EXPENDITURK ON char1tble activities Charitable &ctivili¢J 35,205 NET INCOME 1.340 RECONCILL4TION OF FUNDS Tolal fijnds brought forward 129,486 TOTAL FUTr4DS CARiUED FORWARD 130,826 CREDITORS: AMOUNTS FALLING DUE WITlllF4 ONE YEAR 2023 2022 oilier creditors 636 1,296 RELATED PARTY DISCLOSURES There w¢re no related party transJ¢tions for the y¢ar ended 31 De¢¢mber 2023. Pa8¢ 9
THE BIUTISH SOCIETY OF DENTAL AND MLYLLLOFACIAL RADIOLOGY DETAED STATEMENT OF FINAJ4CIAL ACTIVITIES FOR THE YEAR ENDKD 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMEN Donatlon5 und legCleS Gifts Sub5criplions Sponsorshtp for meelinBS 4,346 2.500 4.231 6,847 4,231 Investment in¢omo Bank interest N S & I Bank inlcresl SantandeT 149 1,084 18 137 1,233 155 ChAritAblo ietivltles Meetings CBcf courseg 6,27l 19,313 6,659 25.500 2S584 32,159 Tothl IncOnng resources 33,664 36,545 CharltAble nctlvltles Room Iiire.c8lering and entertainment tngurance SpcAkers honorariuffty and expenses CBCT 5peokcr and ELelpcr Bursarl&g and prize winners exp¢n8e5 Bank charges Sundries Sociely rnnning costs Pcer review Meelin8- dinner 9,131 780 590 25,153 750 5.078 762 1,625 12,373 loo 140 10,014 1.298 1?31 109 L4,276 300 49,193 34,630 Support costs Governance costs AeeountBncy and legal fees 552 575 Total rcsources cxpended 49,745 35,205 Net (oxpenditure)IIDcome (16.081) 1,340 This page does not form part of tbe sIBtulory finaucial sl&tements Pag¢ LO