THE COLLEGE OF GENERAL DENTISTRY
Registered Charity Number: 1002769 Company number: 2586636
TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2021
THE COLLEGE OF GENERAL DENTISTRY
CHARITY INFORMATION
| Chair | Prof Nairn Wilson CBE ((2017-Nov 2020) Janet Clarke MBE (From Nov 2020) |
| Trustees & Directors (with year of appointment) |
Janet Clarke MBE (2019) Kate Gregory (2019) Michael Horton (2017) Elizabeth Kay MBE (2019) Kevin Lewis (2017) Ian Mills (2018) Lesley Pan (2019) Neil Sawbridge (2017) Nairn Wilson (2017) |
| Charity registration number | 1002769 |
| Company limited by guarantee number | 2586636 |
| Principle address | Kemp House, 152-160 City Road, London EC1V 2NX |
| Independent Examiner | Spofforth Partners Limited Chartered Accountants |
1
THE COLLEGE OF GENERAL DENTISTRY
CHAIRMAN’S REVIEW
I was honoured to have been invited to take the Chair of the College in November 2020, at such an historic moment. I was also delighted that my predecessor, Nairn Wilson generously accepted the (very active) position of Honorary Founding President, in which capacity he continues to raise financial support for the College, through the Founders Campaign; and to lead the development of our College Ambassadors, who are working to promote the College across dentistry, healthcare, and in wider society. We are indebted to Nairn, to the Founders and to our Ambassadors for their hard work and enthusiastic support.
These changes laid the foundations for the activation of the new College, which consumed most of our energies during 2020/21. We have worked towards the informal launch date of 1 July 2021, with the transfer of the Faculty of General Dental Practice (UK), with the new Dean of FGDP(UK) becoming the first elected President of the College and taking office on that date. We are proud to have had the opportunity to work towards taking our membership with us into a fully fledged and independent College.
2020/21 has been a special year for the College, inadvertently made more memorable by the remarkable and distressing circumstances in which we found ourselves in 2020. Locked down in our homes, dental practices were either closed or turned to the rapid and complex delivery of urgent treatment. The whole practice team was either impossibly stretched, or left frustrated in their concern for their patients. We are extremely proud to have worked hand in hand with the FGDP to prepare timely guidance on responding to Covid-19 in dental practices, which was published in June 2020 and updated in October. The publication demonstrated the significance of an independent, authoritative organisation providing such guidance, with a focus on the public and patient interest. We were the first to recognise the need for a clearlymapped, risk-assessed underpinning for practices, and the first to shift the focus toward aerosol generated exposures (AGEs) alongside the conventional perspective of aerosol generating procedures (AGPs). This risk-assessed approach has given continued relevance to the guidance as the pandemic has evolved and our understanding improved.
The relationship with the Royal College of Surgeons has continued to grow in importance for us, and we are grateful for their full support and cooperation, embracing the substantial challenge of preparing the Faculty for transfer.
Finally, I would like to thank the staff of FGDP(UK), especially Simon Thornton-Wood, for their continued commitment and hard work as we planned and prepared for the very special year ahead in 2021. I would also like to thank my fellow trustees for their wisdom and unfailing good humour in the face of the myriad challenges that we have overcome.
Janet Clarke MBE Chair of Trustees
2
THE COLLEGE OF GENERAL DENTISTRY
TRUSTEES’ REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2021
The Trustees present their Report and Accounts for the year ended 28 February 2021.
The financial statements have been prepared in accordance with the accounting policies set out in this report and comply with the governing document, statutory requirements and the Statement of Recommended Practice: Accounting and Reporting by Charities 2015 (SORP).
Structure, governance and management
The College worked with the Royal College of Surgeons of England (RCS) through 2020/2021 to prepare for the planned transfer of the Faculty of General Dental Practice, its members, staff and assets, as a core component of the activated College. As the year progressed, the two parties committed to a target transfer date in 2021, as confidence grew that the challenges of the transfer could be addressed appropriately in that period.
With the appointment of new Trustees in 2019, the Trustee Board has worked to consolidate its thinking on the purpose, mission and values of the organisation, in preparation for activation and reflecting the input of its expanded number and diversity of skills.
The College continued to be supported by Simon Thornton-Wood, Director of FGDP, with the permission of the RCS for a proportion of his time to be released for that purpose.
Risk management
The Trustees have assessed the major risks to which the charity is exposed on a regular basis, and are satisfied that systems are in place to mitigate the exposure to major risks. It is anticipated that the risk profile of the organisation will change rapidly, once it has started to trade and to enter into contracts with other parties, including members.
Objectives
The College is constituted by incorporation of 31 December 1990 to encourage, foster and maintain the highest possible standards in general dental practice and for that purpose to take or join with others in taking any steps consistent with the charitable motive of that object which may assist towards the same.
These objectives were met through the activities set out in this report
3
THE COLLEGE OF GENERAL DENTISTRY
Statement of public benefit
We have reviewed the Trust’s objectives in accordance with the Charities Commission guidance on public benefit, when reviewing the charity's aims and in planning future activities. The trust is a public benefit entity as defined by FRS 102.
Financial review
The Statement of Financial Activities is shown on the following page. The Trustees confirm that the charity’s assets are available and adequate to fulfil its financial obligations.
Achievements and performance
Steady progress has been made during the year to raise the initial capital required to establish the College.
Reserves policy
Trustees have not set a Reserves Policy at this time, mindful of the need to adjust their approach as the organisation starts to commit to contractual obligations.
Statement of Trustees responsibility
The trustees are responsible for preparing the Trustees' report and financial statements in accordance with applicable law and UK Generally Accepted Accounting Principles. The law applicable to charities in England & 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 its incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on Friday 8[th] October 2021 and signed on their behalf by:
Janet Clarke
Chair of Trustees 8 October 2021
4
THE COLLEGE OF GENERAL DENTISTRY
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28 February 2021
| 2021 | 2021 | 2021 | 2020 | |
|---|---|---|---|---|
| Restricted | Unrestricted | Total | £ | |
| Income | ||||
| Donations | - | 69,572 | 69,572 | 74,390 |
| Sponsorship | - | 104,000 | 104,000 | - |
| Membership | - | 12,010 | 12,010 | 302 |
| Research | 1,380 | - | 1,380 | 90 |
| Interest received | - | 83 | 83 | 120 |
| ───── | ───── | ───── | ───── | |
| Total income | 1,380 | 185,665 | 187,045 | 74,902 |
| ───── | ───── | ───── | ───── | |
| Expenditure | ||||
| Bank charges | - | 538 | - | |
| Insurances | - | 75 | 739 | |
| Legal and professional | - | 180 | 5,188 | |
| Publications | - | - | 1,076 | |
| Travel and subsistence | - | 91 | 1,719 | |
| Software & IT costs | - | 19,521 | 382 | |
| Marketing & prospectus | - | 8,950 | 2,625 | |
| Governance network | ||||
| development & recruitment | - |
- | 15,022 | |
| Qualification development | - | - | 1,501 | |
| Administrative costs | - | - | 1,066 | |
| Printing & stationery | - | - | 11 | |
| ───── | ───── | ───── | ───── | |
| Total expenditure | - | 74,691 | 74,691 | 29,391 |
| ───── | ───── | ───── | ───── | |
| ───── | ───── | ───── | ───── | |
| Net movement in funds | 1,380 | 110,974 | 112,354 | 45,511 |
| ═════ | ═════ | ═════ | ═════ | |
| Reserves brought forward | - | 83,862 | 83,862 | 38,351 |
| Reserves carried forward | 1,380 | 194,836 | 196,216 | 83,862 |
5
THE COLLEGE OF GENERAL DENTISTRY Company Number 02586636 Registered Charity Number 1002769
BALANCE SHEET
as at 28 February 2021
| 2021 | 2020 | |
|---|---|---|
| Current Assets | ||
| Cash in bank and in hand | 211,855 | 83,862 |
| Debtors receivable | 5,000 | - |
| Prepayments | 709 | - |
| ───── | ───── | |
| 217,564 | 83,862 | |
| ───── | ───── | |
| Current Liabilities | ||
| Creditors payable | 12,578 | - |
| Accruals | 430 | - |
| VAT payable | 8,340 | - |
| ───── | ───── | |
| 21,348 | 83,862 | |
| ───── | ───── | |
| NET CURRENT ASSETS | 196,216 | 83,862 |
| ───── | ───── | |
| TOTAL NET ASSETS | 196,216 | 83,862 |
| ═════ | ═════ | |
| Unrestricted charitable funds | ||
| Reserves brought forward | 83,862 | 38,351 |
| Surplus for the year | 110,974 | 45,511 |
| ───── | ───── | |
| 194,836 | 83,862 | |
| ───── | ───── | |
| Restricted charitable funds | ||
| Reserves brought forward | - | - |
| Surplus for the year | 1,380 | - |
| ───── | ───── | |
| 1,380 | - | |
| ───── | ───── | |
| ───── | ───── | |
| Total charitable funds | 196,216 | 83,862 |
| ═════ | ═════ |
Approved by the Trustees and signed on its behalf by Janet Clarke on 8 October 2021
6
THE COLLEGE OF GENERAL DENTISTRY
NOTES TO THE FINANCIAL STATEMENTS
Principal accounting policies
Basis of accounting
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their Accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard applicable in the UK. The financial statements are prepared in sterling, which is the functional currency of the trust.
Incoming resources
Income to the charity is currently recognised only when the receipt is confirmed at the bank.
Resources expended
Expenses and grants payable are recognised in the accounts when they are incurred by the charity.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Reserves
The Restricted Fund is comprised of monies for specific research work.
7
THE COLLEGE OF GENERAL DENTISTRY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COLLEGE OF GENERAL DENTISTRY
I report on the financial statements of the charity for the year ended 28 February 2021, which are set out on pages 7 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to
-
examine the financial statements (under section 145 of the 2011 Act),
-
follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) the
2011 Act), and
- state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Alexander Spofforth BA FCA For and on behalf of Spofforth Partners Limited, Chartered Accountants Byne Cottage, Manley’s Hill Storrington, West Sussex, RH20 4BN
Date: 1 November 2021
8