## **Honorary Treasurer’s Report for the year ending 31[st] December 2020** The society continued to promote the interests of prosthodontics practice and teaching within the United Kingdom during 2020. The year was challenging due to the Covid-19 global pandemic and resulting restrictions. The Conference (joint with BSRD, RD-UK and SSRDG) planned for March 2020 in Glasgow had to be cancelled at short notice, and was initially re-scheduled for October 2020. This also had to be cancelled and is now due to take place in a virtual format 25-26[th] March 2021. This report should be read in conjunction with the Annual Report and Financial Statement. ## Financial Reserves The society is registered with the charities commission as a Learned Society. Our aim is not to make a profit but to serve the interests of our member for the benefit of society as a whole. ## **Our reserves increased by £13,317 and now stand at £155,350 at the end of 2020** - The Income and Expenditure Account for the period from 1 January 2020 to 31 December 2020 shows a surplus of £13,317. - (The surplus in 2019 was £40,455. The surplus in 2018 was £18,548. The deficit in 2017 was £46,894. The surplus in 2016 was £1,120. The surplus in 2015 was £9,601.) - The society remains in a good financial position with total reserves of £155,350. ## Conference The society continues to stage an annual conference. The 2020 conference was postponed to 2021 due to the Covid pandemic. ## **The conference income for the period 1 January 2020-31[st] December 2020 was £4,200, and expenditure was £4110, resulting in a surplus of £90.** These figures relate mainly to costs associated with the 2019 conference which spanned into this financial year. Some of the expenditure related to travel expenses for the 2020 conference speakers that had already been paid out before the conference was cancelled. ## Membership Our membership fees is set to cover the operating expenses of the society and ideally not to be subsided by the annual conference. ## **There was a surplus in our operating cost of £16,393 at the end of 2020.** - The membership fees for the period 1 January 2020 to 31 December 2020 was £39,989 and the expenditure was £23,596 a surplus of £16,393 - The membership fees for the period 1 January 2019 to 31 December 2019 was £44,388 and the expenditure was £31,611 a surplus of £12,777 - The membership fees for the period 1 January 2018 to 31 December 2018 was £44,708 and the expenditure was £35,551 a surplus of £9,157 - The membership fees for the period 1 January 2017 to 31 December 2017 was £44,903 and the expenditure was £36,866 a surplus of £8,037 1 - The membership fees for the period 1 January 2016 to 31 December 2016 was £40,118 and the expenditure was £41,408 a deficit of £1,290 - Membership fees 2020 - Ordinary £120, Post-grads or <5yrs qual £50, Retired £50, Undergrads £5 - Membership runs Feb-Jan, Join Feb-Sept – renew Following Feb, Join Sept-Feb – renew Feb the following year ## CPD activity ## **Income £0 Expenditure £3,416 Deficit £3,416** There was no Young Practitioner’s Study Day in 2020 due to the Covid 19 pandemic. The virtual CPD webinars still went ahead. CPD activities are funded by membership fees if not wholly covered by any fees payable for doing that CPD (i.e. webinars are free for members). ## Summary of Income and expenditure ||**Total**|**Membership**
**/General**|**Conference**|**CPD activity**|**Other**| |---|---|---|---|---|---| |**Income**
**2020**|**£44,439**|**£39,989**|**£4,200**|**£0**|**£250**| |Income
2019|£134,058|£44,388|£84,720|£4,700|£250| |Income
2018|£94,538|£44,708|£42,256|£7,574|£0| |Income
2017|£160,215|£44,903|£111,975|£3,337|£0| |**Expenditure**
**2020**|**£31,122**|**£23,596**|**£4,110**|**£3416**|**£0**| |Expenditure
2019|£93,603|£31,611|£55,774|£6,218|£0| |Expenditure
2018|£75,990|£35,551|£34,740|£5,699|£0| |Expenditure
2017|£207,109|£36,866|£159,053|£11,190|£0| |**_Surplus_**
**_(Deficit) 2020_**|**_£13,317_**|**_£16,393_**|**_£90_**|**_(£3,416)_**|**_£250_**| |_Surplus (Deficit)_
_2019_|_£40,455_|_£12,777_|_£28,946_|_(£1,518)_|_£250_| |_Surplus (Deficit)_
_2018_|_£18,548_|_£9,157_|_£7,516_|_£1,875_|_£0_| |_Surplus (Deficit)_
_2017_|_(£46,894)_|_£8,037_|_(£47,078)_|_(£7,532)_|_£0_| The Charity Commission Reports for the year ended 31 December 2020 have been completed and submitted. 2 As always thank you to Mrs Kirstin Berridge, the administrative manager of our society who provides great assistance in the running of the society and support to council. Pamela L. Yule _Honorary Treasurer_ March 2021 3 Charity ryi5tration nunJbu= 1013233 British Society of Prosthodontics Annual Report and Financial Statements for the Year Ended 31 Decernber 2020 Tean) Audit Limited 161 Coll¢ge Street St Helens WAIO ITY British Society of Prosthodonties Contents Ref¢r¢n¢e and Adminisbative Ddaii5 _ Tru5te¢s' Report _ lrtdt￿ndent ¢¥Jminerf5 rerK¥rt StateM￿lt of fjnaneial aclivilies 2103 Balance Sheet Note5 to th¢ financial statements 7tolO The followng page does not fomh Part of the statuwry fmancial statetnei?ts: Statement of financial ￿tiVitieS per ￿nd British Society of Prostbodontics Reference and Administrative Details Charity ngmÈ British Society of Pmsthodontics Charity reKi5tratjQD 1013233 Princip81 o￿lte POBOX 179 Liv¢rwl L17 6XA Registered O￿lee POBOX 179 Liv¢tpool L17 6XA Trusteos MrNeil P0￿r re5igNed 29 September 2Q201 (i¢signed 29 S¢ptemb¢r 20201 Dr tA)wna M¢Caul Mr Rob McAndrew Mr Rupert Austirb Ms Paniela Yule {ap￿inted 29 S¢pt¢mber 2020) {aptx)int¢d 29 September 2090) Mr D¢an B*ker Actountant Team Audii Limit 161 College Street St Helens WAIO ITY Page I British Society of Prosthodontics Trustees, Report The tn￿te¢S present their retK>rt with lh¢ f￿ancial statements of the charity for the yeat Ended 31 December 2020. Ihe trust¢es have adopted the provision of the Stat¢ment of Rfcotume￿led Pr¥iice ISORPI 'Aecounting and Re￿)rting by Charitie5' issued in March 2005. Commencement of Activities The thaTlty iv&s founded on 29 July 1992 aThl is re8lSter¢d i¥ith ihe Charity commi￿10￿ under th¢ ¢harity umber 1013233. The and principl¢ addrcss of the tharity are listed on Page l. Stnteture, Governance & Manigemtnt Governing doell￿ent The chariry is controlled by its governing di>cumen( a d¢¢d of trust. and Co￿titUteS an unincorporaled charity. Thc charity is governed by its Constitution from 13 April 1992, and was amen(Icd on I l November 2011 and 2 April 2012. Risk managemenl The trustees liave a duty tts identify and review the risks to whidi the charity 15 exposed and to ensur¢ appropriate controls place to provide reasonable assurance agairyst fraud ermr. Objtetives & Activities The ¢harities objects and regul*ions are govem¢d by its constitution. athl is best described under the ftsllowin8 headirtg.. The society is tstablishtd to promote and advall¢e. for the benefit ol th¢ public. edutration in rhe science and practi¢¢ of prosthodontics (includbll8 fix¢¢L removed. implant and maxillofa¢ial pr05thodot)lits} by suprA>rting id promoting.. High quality of prosrhodontics ca Prosiho(k)ntics research Sujveys and investigations Und¢rgrthluatc and postgradua* ediic*ion in pr05th0th)nti¢s The maint¢nan¢¢ and iniprovement of standards in palient carc The facilitation of lifelong education in prosthodontics SPD Trustees Report for 2020 DuTing 2020. the society wa% due to hold (he 1ST UK R¢s￿latI￿ Dentislry & Prosihodontic Conference. organsscd jointly by ihe BSSPD. RiNUK. BSRD and SRRDG in Glasgow und¢r the presidency of Dr Lorna Mccaul. However. Covid-19 hit the UK a f¢w weeks becoie the confere￿¢ due to take pla¢e and the conf¢ren¢e cancelled until 2021 when it ivill be held virtually. Consequently our AGM was a150 P05tpoiied Jd was held virtuilly on 29th September 2020. Our very succcssful web based rnteractive CPD was still able to go ahead though thi5 year with our eighth ￿Th¢S of live webiDars. This scries of five w¢binaT5 has also been made available to view 'ot) demand. for our members. Unfortunately. Covkl-19 also litt our successful Young Praeiitioii¢rs Group which M?s unable to deliver it's targeted study day, we are l(K)king al how this coiild be delivered during 2021 and whether this need ￿ be virtual too. We look fonyard to being able to g¢t back to some sense of normality durin8 2021 and in the meantime are looking fonvard to our reschduled conference albeit in its virtual format. We 21so hope to build up our on41emand w¢bi￿ar library and are looking to make this more usCr-frtet￿7Y by incoryorating a search tool for meinF*n looking for s￿lf1¢ webinar tOPlC5. Overdll. we started 2020 with 519 menibcT5 and ended with 486 members. Some member5 ha￿ unfortutwtely had to cancel th¢ir membership du¢ io the fJtLancial constTaintS Lhai thr Covid pandemi¢ has brou8ht. Tn]5t¢es: Page 2 British Soeiety of Prosthodontirs Trustees, Report Rob McAndrew Riipert Ausiin Neil Poyser removed 2910912020 Lorna Mccaul removed 2910912020 Paniela Yulc added 2910912020 Dean Barker added 2910912020 On Behalf of the BaArd: Trustee Page 3 Independent Examiner's Report to Ihe Trustees of Brit15h Society of Proglhodontics report on lh¢ accoiints of ihe Trust foi the year ended 31 December 2020, which are set oyt on pages 5 to 10. Respective responsibilities of iru5tee5 and e$#￿Iller The trustees Irspoiisible for th¢ pi¢paration of the accounts. Ih¢ InLqtecs ¢0tt5ider that an audit is not required for ihis year under section 144121 of the Choriii¢s Act 2011(the 2011 Act) aiid that an indep¢nd¢nt examinatl(pll 15 needed. 11 is my re5P(Nisibility lo= examine the accout￿ und¢T wiioTr 145 of the 2011 Act. (ollow the procediires laid down in the G¢n¢ral Directions given by Ihe Charity Commission under section 145151 Ib) of the 2011 Act. and stale whether particulaT matrers have come ￿ my attention. Basis of Ind￿ndent ¢x*mine¢5 rewrt My eX￿nI￿atIOn was carried out in arcordance with th¢ G¢neTa] Dircctions wven by the Charity Commission. Ali examinatioTr includes a teview of the accounting record5 kept by the ¢harity and a conipatison of the accounts presented with those recofds. It also ithcluifes con$ideratioTh of ￿lY unusual item5 or disclosures in the ccounts. and seekiThg explaThatioTrs from you a5 tnL%tees Co￿¢MIng any such matteJ%. Th¢ procedures undertakEn do not provide all the evidence that Mvuld be requtred in 8M audit and coThsequethily t¥) opinioii i5 given as to whether the account5 present a And fair and the rep)rt ts limiled io those Matte￿ set ollt in the slat￿￿ent below. Independen¢ exxmlnees stat¢m¢nt In ¢onn¢rtioJi with rny examination. matter h35 rome to rny attention.. (I I which gives me r¢asonable Cau￿ to believe that in any ￿aterial re5P¢¢t the ffquireniejits.. to keep accounting r¢¢ords in accordance with section 130of thc Aet. ar to prepare accounts iyhich attoTd with the accounting r¢¢ords and coniply with the aceountuig requirements of the 2011 A have not been met- or (2) to which, in my opinicn. attention thouid be dra￿ in order to enabl¢ a proper Understat￿illg of the accounts to be reached. 161 College Strttt St Ilelens WAIO ITY Paul Kin8hatii FCA T¢aTn Audit Limited 15 February 2021 Pagc 4 British Society of Prosthodontics Statement of Finalleial Activities for the Year Ended 31 December 2020 UThrestric¢ed Tital Funds Fund% 2020 Total Funds 2019 No(e InCo￿l￿g resDurre5 Inconiiiig resources from charitable athiviiies Total iiicoining resource5 44,439 44.439 44.439 44.439 134,058 134,058 R¢sour¢¢s expended Charitable activitlf5 Governance costs Total resoiirces expend 30.462 660 31.122 30.462 660 31,122 92,943 660 93,603 Nel movetnents in fimds 13,317 13.317 40.455 Retontiliation of funds Tot81 funds brought forward Tot81 fvnds carried forward 142.Q33 155.350 142,033 155,350 101.578 142.033 All incoming resource5 and re5our￿5 cxpended derive from continuirAg &livities. The charity ha5 rerogni5ed gains or lo&ses forthc year other than the resuhs above. The notes on pages 7 to 10 fomi an int¢gral wdrt of finaocial statements. Page 5 British Society of Prosthodontics Balance Sheet as at 31 December 2020 2020 2019 Note Fixed assets Tall8ibl¢ assets 4.056 4,056 CurTeDt assets Debtors Cash at bank and itt hand 50 138,757 138,807 151,896 151.899 Crtditon: Aniounts falling due within one y¢#r (605) 1830) Net ewrrent assets 151294 137,977 Net assets 155J50 142,033 The fund$ of the tharity: Unrestricted fund$ Unrestri¢ted income funds 155.350 142.033 Total chgrity funds 155.350 142,033 Approv¢d by the Board on IS Febrnary 2021 and signed on its Wf by.. The notes on page5 7 to 10 forni ititegrnl part Of these financial statements. Pase 6 Britk5b Society of Prosthodonlics Iyotes to the Financial Statements for Ihe Year Ended 31 December 2020 Aceounting polifi Basi5 ofpreparalion The fiiiliKial stat¢nients have been prepared undei the histori¢al Cost convention and in accordance ivith th¢ Stat¢ment of Recommended Practi¢¢ 'AcroI￿ting and Rewrting by Charities (SORP 21H)51'. Kssued in March 2005. applicable accounting standards and the Charities Act 2011. Fulld aceountlThg pollty Unreslri¢t¢d In￿Me fvnds ar¢ general funds that are availabl¢ for use * the trustees. di5cretioii i furtheran¢e of th¢ obje¢tives of the ¢haTity. Furtljer details of each fund are disclosed in nole 9. IncoThÉng Tesollrces Income frotn charitsble activities Lnclud¢5 income recognised as eam¢d las the related goods or services are provided) under contract. Resources exp¢nd¢d Liabilities are recOgni￿d &$ soon &8 there is a legal or constsu¢tive obligalion ¢ommÈtting the ¢haTity to ihe expendilurc. All expenditure is aceountcd for on an accruals basis has been classified under headings thai aggffgat¢ all costs r¢lated to the eategory. Charilable expenditure comprise5 those costs incurred by th¢ charity in the deliyy of its artivitiES and services for its bciiefjeiarics. It include5 both costs that can be allocated diTe¢tly ￿ such attivities and those costs oran hndired nature necessary to 5upfA)rt tlletn. Governan¢e tosts Governance costs include costs of the prepatatii)v and examinatiott of the ￿t￿tOry atcounis, tl* ¢osts of tnist¢¢ IDeetings and the ¢ost of any Ic8al advice lo trusiees 011 governance or constitutional matters. Fixed #ssets Individual fLxed as￿lS cosling £100 or more are initially recorded ar cosi. Page 7 British Society of Prosthodonli Notes to Ihe Financial Statements for the Year Ended 31 December 2020 Jncomiiig resourees from th*rit•bl¢ artivilies Lmrestricttd Total Funds FU￿d5 2020 Total Funds 2019 ConfETence Conf¢r¢nce income 4.200 4.200 84,720 Subscriptions Sub5crsptions 39.989 39.989 44,388 Events Event income 4.700 General Otlier income 250 250 250 44.439 44.439 134,058 TotAI resource5 expended CoDftrentt Events Ceneral Governance Tot¥1 Dirett to$ts Cost of g(K>ds sold Other dirKt costs Employment Costs Establishment CQ5ts oirice exp¢ns¢s Printing, posting and staliotiery Subscriptions at donatiOll5 Sundry and other costs Accounlancy ftt5 Bank char8e5 4.110 3,416 7.526 1,813 5257 474 3,816 1.813 5257 474 3,816 153 153 8,755 8.755 2.424 2,424 660 244 31,122 660 244 22.936 4.110 3.416 660 Pag¢ 8 British Society ol Prosthodontics Iyotes to the Financial Statements for the Year Ended 31 December 2020 . conlinued TTh5te¢s' remun¢rAtion •nd ¢xp¢Ds¢s No tnJ51¢es received any remuneration during the year. Tgngible fiied assets Fixtures ritting5 •rtd equipment Cost As at l January 2020 and 31 December 2020 4.056 Net book value As at 31 December 2020 4.056 4.056 As at 31 Dec¢rnb¢r 2019 Debtors 2020 2019 Trade debiors 50 Creditors.. Amounts falling due within one ye*r 2020 2019 Tr*le crcditors Accrllais a[￿ deferred incom¢ 600 605 830 830 Page 9 British Soeiety of Pyosthodonlics Notes to the Financial Statements for the Year Ended 31 December 2020 - Cotrllimted Relited parties Controlling entity The cliariry is controlled by the tiust¢e5. ARalysi5 of funds At31 December 2020 Jxnuary 2120 Resourte5 expended Tesource5 Gèneral Funds Uiire5tricted itscanie fund 142.033 44,439 131.1221 155.351) 10 r4et assets by fwnd Unrestrid¢d Funds Tot*1 Funds 2020 Total Funth 21119 Tangible &ssets Current assets Creditors= Amounts falling due wiihin one y N¢1 assets 4.056 151.899 (6051 155.350 4,056 151,899 (6051 155,350 4.056 138,807 {8301 142,033 Page 10 British Society of Prosthodontics Statement of finaknci#l a¢tivitie5 by fund Year Ended 31 December 2020 Unre5tTiCted Unrestricted income fuThd iiicome lund 2020 2019 Incoming resollrces Incoming r¢sour¢es from charitable activiti¢5 Total incoming resoiirces 44,439 44,439 134,058 134.058 Resour¢¢s ¢xp¢nded Cliarilable activities G0ven￿nce costs TDtal resources expended 30.462 660 31.122 92.943 660 93,603 Net movements in ftmds 13.317 40,455 Re¢oneili#tion of fiinds Total funds brought fon¥ard Total fuiids carried Ftsnyard 142,033 155,350 101,578 142.033 Thi5 page does not fomi part of the siawtory fin¥ncial sratenients. Pag¢ll Charity ryi5tration nunJbu= 1013233 British Society of Prosthodontics Annual Report and Financial Statements for the Year Ended 31 Decernber 2020 Tean) Audit Limited 161 Coll¢ge Street St Helens WAIO ITY British Society of Prosthodonties Contents Ref¢r¢n¢e and Adminisbative Ddaii5 _ Tru5te¢s' Report _ lrtdt￿ndent ¢¥Jminerf5 rerK¥rt StateM￿lt of fjnaneial aclivilies 2103 Balance Sheet Note5 to th¢ financial statements 7tolO The followng page does not fomh Part of the statuwry fmancial statetnei?ts: Statement of financial ￿tiVitieS per ￿nd British Society of Prostbodontics Reference and Administrative Details Charity ngmÈ British Society of Pmsthodontics Charity reKi5tratjQD 1013233 Princip81 o￿lte POBOX 179 Liv¢rwl L17 6XA Registered O￿lee POBOX 179 Liv¢tpool L17 6XA Trusteos MrNeil P0￿r re5igNed 29 September 2Q201 (i¢signed 29 S¢ptemb¢r 20201 Dr tA)wna M¢Caul Mr Rob McAndrew Mr Rupert Austirb Ms Paniela Yule {ap￿inted 29 S¢pt¢mber 2020) {aptx)int¢d 29 September 2090) Mr D¢an B*ker Actountant Team Audii Limit 161 College Street St Helens WAIO ITY Page I British Society of Prosthodontics Trustees, Report The tn￿te¢S present their retK>rt with lh¢ f￿ancial statements of the charity for the yeat Ended 31 December 2020. Ihe trust¢es have adopted the provision of the Stat¢ment of Rfcotume￿led Pr¥iice ISORPI 'Aecounting and Re￿)rting by Charitie5' issued in March 2005. Commencement of Activities The thaTlty iv&s founded on 29 July 1992 aThl is re8lSter¢d i¥ith ihe Charity commi￿10￿ under th¢ ¢harity umber 1013233. The and principl¢ addrcss of the tharity are listed on Page l. Stnteture, Governance & Manigemtnt Governing doell￿ent The chariry is controlled by its governing di>cumen( a d¢¢d of trust. and Co￿titUteS an unincorporaled charity. Thc charity is governed by its Constitution from 13 April 1992, and was amen(Icd on I l November 2011 and 2 April 2012. Risk managemenl The trustees liave a duty tts identify and review the risks to whidi the charity 15 exposed and to ensur¢ appropriate controls place to provide reasonable assurance agairyst fraud ermr. Objtetives & Activities The ¢harities objects and regul*ions are govem¢d by its constitution. athl is best described under the ftsllowin8 headirtg.. The society is tstablishtd to promote and advall¢e. for the benefit ol th¢ public. edutration in rhe science and practi¢¢ of prosthodontics (includbll8 fix¢¢L removed. implant and maxillofa¢ial pr05thodot)lits} by suprA>rting id promoting.. High quality of prosrhodontics ca Prosiho(k)ntics research Sujveys and investigations Und¢rgrthluatc and postgradua* ediic*ion in pr05th0th)nti¢s The maint¢nan¢¢ and iniprovement of standards in palient carc The facilitation of lifelong education in prosthodontics SPD Trustees Report for 2020 DuTing 2020. the society wa% due to hold (he 1ST UK R¢s￿latI￿ Dentislry & Prosihodontic Conference. organsscd jointly by ihe BSSPD. RiNUK. BSRD and SRRDG in Glasgow und¢r the presidency of Dr Lorna Mccaul. However. Covid-19 hit the UK a f¢w weeks becoie the confere￿¢ due to take pla¢e and the conf¢ren¢e cancelled until 2021 when it ivill be held virtually. Consequently our AGM was a150 P05tpoiied Jd was held virtuilly on 29th September 2020. Our very succcssful web based rnteractive CPD was still able to go ahead though thi5 year with our eighth ￿Th¢S of live webiDars. This scries of five w¢binaT5 has also been made available to view 'ot) demand. for our members. Unfortunately. Covkl-19 also litt our successful Young Praeiitioii¢rs Group which M?s unable to deliver it's targeted study day, we are l(K)king al how this coiild be delivered during 2021 and whether this need ￿ be virtual too. We look fonyard to being able to g¢t back to some sense of normality durin8 2021 and in the meantime are looking fonvard to our reschduled conference albeit in its virtual format. We 21so hope to build up our on41emand w¢bi￿ar library and are looking to make this more usCr-frtet￿7Y by incoryorating a search tool for meinF*n looking for s￿lf1¢ webinar tOPlC5. Overdll. we started 2020 with 519 menibcT5 and ended with 486 members. Some member5 ha￿ unfortutwtely had to cancel th¢ir membership du¢ io the fJtLancial constTaintS Lhai thr Covid pandemi¢ has brou8ht. Tn]5t¢es: Page 2 British Soeiety of Prosthodontirs Trustees, Report Rob McAndrew Riipert Ausiin Neil Poyser removed 2910912020 Lorna Mccaul removed 2910912020 Paniela Yulc added 2910912020 Dean Barker added 2910912020 On Behalf of the BaArd: Trustee Page 3 Independent Examiner's Report to Ihe Trustees of Brit15h Society of Proglhodontics report on lh¢ accoiints of ihe Trust foi the year ended 31 December 2020, which are set oyt on pages 5 to 10. Respective responsibilities of iru5tee5 and e$#￿Iller The trustees Irspoiisible for th¢ pi¢paration of the accounts. Ih¢ InLqtecs ¢0tt5ider that an audit is not required for ihis year under section 144121 of the Choriii¢s Act 2011(the 2011 Act) aiid that an indep¢nd¢nt examinatl(pll 15 needed. 11 is my re5P(Nisibility lo= examine the accout￿ und¢T wiioTr 145 of the 2011 Act. (ollow the procediires laid down in the G¢n¢ral Directions given by Ihe Charity Commission under section 145151 Ib) of the 2011 Act. and stale whether particulaT matrers have come ￿ my attention. Basis of Ind￿ndent ¢x*mine¢5 rewrt My eX￿nI￿atIOn was carried out in arcordance with th¢ G¢neTa] Dircctions wven by the Charity Commission. Ali examinatioTr includes a teview of the accounting record5 kept by the ¢harity and a conipatison of the accounts presented with those recofds. It also ithcluifes con$ideratioTh of ￿lY unusual item5 or disclosures in the ccounts. and seekiThg explaThatioTrs from you a5 tnL%tees Co￿¢MIng any such matteJ%. Th¢ procedures undertakEn do not provide all the evidence that Mvuld be requtred in 8M audit and coThsequethily t¥) opinioii i5 given as to whether the account5 present a And fair and the rep)rt ts limiled io those Matte￿ set ollt in the slat￿￿ent below. Independen¢ exxmlnees stat¢m¢nt In ¢onn¢rtioJi with rny examination. matter h35 rome to rny attention.. (I I which gives me r¢asonable Cau￿ to believe that in any ￿aterial re5P¢¢t the ffquireniejits.. to keep accounting r¢¢ords in accordance with section 130of thc Aet. ar to prepare accounts iyhich attoTd with the accounting r¢¢ords and coniply with the aceountuig requirements of the 2011 A have not been met- or (2) to which, in my opinicn. attention thouid be dra￿ in order to enabl¢ a proper Understat￿illg of the accounts to be reached. 161 College Strttt St Ilelens WAIO ITY Paul Kin8hatii FCA T¢aTn Audit Limited 15 February 2021 Pagc 4 British Society of Prosthodontics Statement of Finalleial Activities for the Year Ended 31 December 2020 UThrestric¢ed Tital Funds Fund% 2020 Total Funds 2019 No(e InCo￿l￿g resDurre5 Inconiiiig resources from charitable athiviiies Total iiicoining resource5 44,439 44.439 44.439 44.439 134,058 134,058 R¢sour¢¢s expended Charitable activitlf5 Governance costs Total resoiirces expend 30.462 660 31.122 30.462 660 31,122 92,943 660 93,603 Nel movetnents in fimds 13,317 13.317 40.455 Retontiliation of funds Tot81 funds brought forward Tot81 fvnds carried forward 142.Q33 155.350 142,033 155,350 101.578 142.033 All incoming resource5 and re5our￿5 cxpended derive from continuirAg &livities. The charity ha5 rerogni5ed gains or lo&ses forthc year other than the resuhs above. The notes on pages 7 to 10 fomi an int¢gral wdrt of finaocial statements. Page 5 British Society of Prosthodontics Balance Sheet as at 31 December 2020 2020 2019 Note Fixed assets Tall8ibl¢ assets 4.056 4,056 CurTeDt assets Debtors Cash at bank and itt hand 50 138,757 138,807 151,896 151.899 Crtditon: Aniounts falling due within one y¢#r (605) 1830) Net ewrrent assets 151294 137,977 Net assets 155J50 142,033 The fund$ of the tharity: Unrestricted fund$ Unrestri¢ted income funds 155.350 142.033 Total chgrity funds 155.350 142,033 Approv¢d by the Board on IS Febrnary 2021 and signed on its Wf by.. The notes on page5 7 to 10 forni ititegrnl part Of these financial statements. Pase 6 Britk5b Society of Prosthodonlics Iyotes to the Financial Statements for Ihe Year Ended 31 December 2020 Aceounting polifi Basi5 ofpreparalion The fiiiliKial stat¢nients have been prepared undei the histori¢al Cost convention and in accordance ivith th¢ Stat¢ment of Recommended Practi¢¢ 'AcroI￿ting and Rewrting by Charities (SORP 21H)51'. Kssued in March 2005. applicable accounting standards and the Charities Act 2011. Fulld aceountlThg pollty Unreslri¢t¢d In￿Me fvnds ar¢ general funds that are availabl¢ for use * the trustees. di5cretioii i furtheran¢e of th¢ obje¢tives of the ¢haTity. Furtljer details of each fund are disclosed in nole 9. IncoThÉng Tesollrces Income frotn charitsble activities Lnclud¢5 income recognised as eam¢d las the related goods or services are provided) under contract. Resources exp¢nd¢d Liabilities are recOgni￿d &$ soon &8 there is a legal or constsu¢tive obligalion ¢ommÈtting the ¢haTity to ihe expendilurc. All expenditure is aceountcd for on an accruals basis has been classified under headings thai aggffgat¢ all costs r¢lated to the eategory. Charilable expenditure comprise5 those costs incurred by th¢ charity in the deliyy of its artivitiES and services for its bciiefjeiarics. It include5 both costs that can be allocated diTe¢tly ￿ such attivities and those costs oran hndired nature necessary to 5upfA)rt tlletn. Governan¢e tosts Governance costs include costs of the prepatatii)v and examinatiott of the ￿t￿tOry atcounis, tl* ¢osts of tnist¢¢ IDeetings and the ¢ost of any Ic8al advice lo trusiees 011 governance or constitutional matters. Fixed #ssets Individual fLxed as￿lS cosling £100 or more are initially recorded ar cosi. Page 7 British Society of Prosthodonli Notes to Ihe Financial Statements for the Year Ended 31 December 2020 Jncomiiig resourees from th*rit•bl¢ artivilies Lmrestricttd Total Funds FU￿d5 2020 Total Funds 2019 ConfETence Conf¢r¢nce income 4.200 4.200 84,720 Subscriptions Sub5crsptions 39.989 39.989 44,388 Events Event income 4.700 General Otlier income 250 250 250 44.439 44.439 134,058 TotAI resource5 expended CoDftrentt Events Ceneral Governance Tot¥1 Dirett to$ts Cost of g(K>ds sold Other dirKt costs Employment Costs Establishment CQ5ts oirice exp¢ns¢s Printing, posting and staliotiery Subscriptions at donatiOll5 Sundry and other costs Accounlancy ftt5 Bank char8e5 4.110 3,416 7.526 1,813 5257 474 3,816 1.813 5257 474 3,816 153 153 8,755 8.755 2.424 2,424 660 244 31,122 660 244 22.936 4.110 3.416 660 Pag¢ 8 British Society ol Prosthodontics Iyotes to the Financial Statements for the Year Ended 31 December 2020 . conlinued TTh5te¢s' remun¢rAtion •nd ¢xp¢Ds¢s No tnJ51¢es received any remuneration during the year. Tgngible fiied assets Fixtures ritting5 •rtd equipment Cost As at l January 2020 and 31 December 2020 4.056 Net book value As at 31 December 2020 4.056 4.056 As at 31 Dec¢rnb¢r 2019 Debtors 2020 2019 Trade debiors 50 Creditors.. Amounts falling due within one ye*r 2020 2019 Tr*le crcditors Accrllais a[￿ deferred incom¢ 600 605 830 830 Page 9 British Soeiety of Pyosthodonlics Notes to the Financial Statements for the Year Ended 31 December 2020 - Cotrllimted Relited parties Controlling entity The cliariry is controlled by the tiust¢e5. ARalysi5 of funds At31 December 2020 Jxnuary 2120 Resourte5 expended Tesource5 Gèneral Funds Uiire5tricted itscanie fund 142.033 44,439 131.1221 155.351) 10 r4et assets by fwnd Unrestrid¢d Funds Tot*1 Funds 2020 Total Funth 21119 Tangible &ssets Current assets Creditors= Amounts falling due wiihin one y N¢1 assets 4.056 151.899 (6051 155.350 4,056 151,899 (6051 155,350 4.056 138,807 {8301 142,033 Page 10 British Society of Prosthodontics Statement of finaknci#l a¢tivitie5 by fund Year Ended 31 December 2020 Unre5tTiCted Unrestricted income fuThd iiicome lund 2020 2019 Incoming resollrces Incoming r¢sour¢es from charitable activiti¢5 Total incoming resoiirces 44,439 44,439 134,058 134.058 Resour¢¢s ¢xp¢nded Cliarilable activities G0ven￿nce costs TDtal resources expended 30.462 660 31.122 92.943 660 93,603 Net movements in ftmds 13.317 40,455 Re¢oneili#tion of fiinds Total funds brought fon¥ard Total fuiids carried Ftsnyard 142,033 155,350 101,578 142.033 Thi5 page does not fomi part of the siawtory fin¥ncial sratenients. Pag¢ll