Honorary Treasurer ’ s Report for the year ending 31[st] December 2022
The society continued to promote the interests of prosthodontics practice and teaching within the United Kingdom during 2022.
We were excited to hold our first face-to-face conference since the Covid pandemic with 179 delegates attending. It was held in Aberdeen and the theme was “Challenging the Dogma in Prosthodontics”.
We hosted our 10[th] series of live webinars, continuing to provide CPD for dentists in the UK and beyond. We have worked hard on the website to improve functionality for users, enabling these webinars to be catalogued in a better format, allowing members to find webinars of certain topics more easily to watch retrospectively.
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 £5190 and now stand at £174,154 at the end of 2022
-
The Income and Expenditure Account for the period from 1 January 2022 to 31 December 2022 shows a surplus of £5190.
-
(The surplus in 2021 was £13,616. The surplus in 2020 was £13,317. The surplus in 2019 was £40,455. The surplus in 2018 was £18,548. The deficit in 2017 was £46,894.)
-
The society remains in a good financial position with total reserves of £174,154.
Conference
The society continues to stage an annual conference. The 2022 conference was the first face-to-face conference since 2019 due to the Covid pandemic.
The conference income for the period 1 January 2022-31[st] December 2022 was £37,920 and expenditure was £41,048, resulting in a deficit of £3,128.
Some conference costs in 2022 relate to deposits for the 2023 conference.
- (The surplus in 2021 was £2767. The surplus in 2020 was £90. The surplus in 2019 was £28,946. The surplus in 2018 was £7,516. The deficit in 2017 was £47,078.)
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 £10,876 at the end of 2022.
-
The membership fees for the period 1 January 2022 to 31 December 2022 was £38,268 and the expenditure was £27,392 a surplus of £10,876.
-
The membership fees for the period 1 January 2021 to 31 December 2021 was £37,933 and the expenditure was £27,485 a surplus of £10,448
1
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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
-
Membership fees 2022 - Ordinary £120, Post-grads or <5yrs qual £50, Undergrads £5, Retired Free
-
Membership runs Feb-Jan, Join Feb-Sept – renew Following Feb, Join Sept-Feb – renew Feb the following year
CPD activity
Income £300 Expenditure £2858 Deficit £2558
- (The deficit in 2021 was £365).
The Young Practitioner’s Study Day was unfortunately not held in 2022, (but we do hope to continue with this in 2023). The virtual live CPD webinars went ahead, with non-members paying £10 to attend.
For members 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 2022 | £76,988 | £38,268 | £37,920 | £300 | £500 | |
| Income 2021 | £45,186 | £37,933 | £2767 | £3720 | £766 | |
| 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 2022 |
£71,798 | £27,392 | £41,048 | £2858 | £500 | |
| Expenditure 2021 |
£31,570 | £26,765 | £0 | £4085 | £720 | |
| Expenditure 2020 |
£31,122 | £23,596 | £4,110 | £3416 | £0 |
2
| 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) 2022 |
£5190 | £10,876 | (£3128) | (£2558) | £0 |
| Surplus (Deficit) 2021 |
£13,616 | £11,168 | £2767 | (£365) | £46 |
| 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 2022 will be completed and submitted before the deadline of September 2023.
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 2023
3
REGISTERED CHARITY NUMBER.. 1013233 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022 for BRITISH SOCIEfi OF PROSTHODONTICS 8utterworth Barlow Chartered Accountants 8utterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG
BRITISH SOCIETY OF PROSTHODONTICS Contents of the Flnanclal Statements for the Year Ended 31 December 2022 Page RèF>tsrt of the Trustèes Independent Examiner's Report statement of Finantial Activities Balance Sheet Notes to the Financial Statèments 6 to 10 Deiailed Statement of Financial Activities li
BRITISH SOCIETY OF PROSTHODONTICS Report of the Trustees for the Year Ended 31 December 2022 Durin£ 2022, the society was excited to hold its first face to face conference since 2019 before the covid pandemic. The conference wa5 held in Aberdeen under the presidency of Dr Dean Barker and we welcomed 179 delegate5. many of whom expressed how lovely it was to meet in person again. The theme was challenging the dogma in prosthodontics and the conference wa5 therefore structured with the aim of scrutinising and debating sorne of the belief5 that prosthodontists have held dear for many years. A line-up of well-known and high-quality speakers were given a challenging brief by the BSSPD President, Dean Barker, but had free rein to explore their topics and balance available evidence, opinion, and contemporary practice. Our very successful web based interactive CPD has continued again this year with our tenth series of live webinars. This Series of six webinar5 has also been made available to view 'on demand, for our member5. Work ha5 been carried out to catalogue these webinars better, making them more user-friendly by incorporating a search tool for looking for specific webinar tOPiC5 and additionally make thern available to non-tnembers. We were unable to hold our 5ucce5sful young practitioner study day in 2022 but plan5 are already in place to hold it face to face in June 2023. Our annual conference will continue in March 2023 and is being held in Birmingham under the presidency of Dr Suresh Nayar who ha5 looked to increase our profile internationally. We also hope to build up our on-demand webinar library with another series of six webinars being curated by Suresh Nayar in 2022/23. Taking into account new members joining and current members cancelling, we started 2022 with 451 members and ended with 469 mernbers. Some members have unfortunately had to cancel their membership due to the enduring financial constraints that the Covid pandernic has brought, and others through retirement or ill health. Many new members joined in order to attend the conference held in Aberdeen. sTRUURE, GOVERNANCE AND MANAGEMENT Governing document The charity 15 Controlled by its governing docurnent, a deed of trust and coristitute5 an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1013233 Prlnclpal address PO Box 179 Liverpool Merseyside L17 6XA Trustees Dr R McAndrew (resigned 10.3.221 R Austin Iresigned 10.3.221 M5 Pyule D 8arker S Nayer J Owen lappointed 10.3.221 Mi55 S L King (appointed 10.3.221 Page I
BRITISH SOCIETY OF PROSTHODONTICS Report of the Trustees for the Year Ended 31 December 2022 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Mersey5ide L34 3LG Approved by order of the board of trustees on 28 February 2023 and signed on its behalf by.. Ms P Yule- Trustee Page 2
Independent Examlner's Report to the Trustees of Brit15h Society of Pr05thodontlC5 Independent examiner's report to the trustees of British Society of ProsthodontlCS I report to the charity trustees on my examination of the accounts of British Society of Prosthodontics Ithe Trust) for the year ended 31 December 2022. Responsibilities and basi5 of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 20111'the Art'l. I report in re5pett of my examination of the Tru5t'5 accounts carried out under Section 145 of the Att and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinèr'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 rnaterial respect.. accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act,. or the accounts do not accord with those records- or the account5 do not comply with the applicable requirernents concerning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 15 not a matter considered a5 Part of an independent exarnination. I have no concerns and have corne acr055 no other rnatter5 in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. .4L S..1 Butterworth Barlow Chartered Accountants Institute of Chartered Accountant5 in England and Wales Butterworth Barlow Liverpool Merseyside L34 3LG 28 February 2023 Page 3
BRITISH SOCIETY OF PROSTHODONTICS Statement of Flnanclal Actlvitles for the Year Ended 31 December 2022 31.12.22 31.12.21 Total funds Unre5trictred fund Note5 INCOME AND ENDOWMENTS FROM Charitable activities General 76,988 45,186 EXPENDITURE ON Charitable artlvlties General 71,798 31,570 NETINCOME 5,190 13,616 RECONCIUATION OF FUNDS Total funds brought forward 168,964 155,348 TOTAL FUNDS CARRIED FORWARD 174,154 168,964 The notes form part of these financial Statements Page 4
BRITISH SOCIETY OF PROSTHODONTICS Balance Sheet 31 December 2022 31.12.22 31.12.21 Total funds Unre5trictred fund Note5 FIXED ASSETS Tangible assets 4,056 CURRENT ASSETS Debtors Cash at bank and in hand 21,995 165,288 15,106 162,686 187,283 177,792 CREDITORS Amounts falling due within one year 113,1291 112,8841 NETCURRENT ASSETS 174,154 164,908 TOTAL ASSETS LESS CURRENT LIABILITIES 174,154 168,964 NET ASSETS 174,154 168,964 FUNDS Unrestricted funds 174,154 168,964 TOTAL FUNDS 174,154 168,964 The financial statements were approved by the Board of Trustees and authorised for issue on 28 February 2023 and were signed on its behalf by.. P Yule- Trustee The notes form part of these financial Statements Page 5
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements for the Year Ended 31 December 2022 ACCOUNTING POUCIES Basi5 of preparing the financial 5taternents The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021'Accounting and Reporting by Charitie5-. Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial Statements have been prepared under the historical c05t convention. Inttsme All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be tneasured reliablv. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committin8 the charity to that expenditure, it 15 probable that a transfer of econornic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cost related to the category. Where costs cannot be directlv attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund a¢¢ounting Unrestricted fund5 can be used in accordance with the charitable objertive5 at the discretion of the trustees. Restricted fund5 can On be used for particular restricted purp05e5 Wlthin the object5 of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial Statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. Trustees. expenses There were no trustees. expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. Page 6 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitsble artivities General 45,186 EXPENDITURE ON Charitable activiliè5 General 31,570 NET INCOME 13,616 RECONCILIATION OF FUNDS Total fund5 brought forward 155,348 TOTAL FUNDS CARRIED FORWARD 168,964 TANGIBLE FIXED ASSEfs Fixtures and COST At l January 2022 Disposals 4,056 14,0561 At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 4,056 Page 7 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 DEBTORS:AMOUNTSFALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Trade debtors Prepayments 4,900 17.095 2,760 12,346 21,995 15,106 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Trade creditor5 Other creditors 2.109 11,020 12,880 13,129 12,884 MOVEMENT IN FUNDS Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 168,964 5.190 174.154 TOTALFUNDS 168,964 5,190 174,154 Net movement in funds, included in the above are as follows.. Incoming resource5 Resources expended Movement in fund5 Unrestricted funds General fund 76,988 171,7981 5,190 TOTALFUNDS 76,988 171,7981 5,190 Page 8 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in furids At 31.12.21 At 1.1.21 Unrestricted funds General fund 155,348 13,616 168,964 TOTALFUNDS 155.348 13.616 168.964 Comparative net movement in funds, included in the above are as follows.. Incoming re50urce5 Resources expended Movement in fund5 Unrestricied funds General fund 45,186 131,5701 13,616 TOTAL FUNDS 45,186 131.5701 13.616 A current ye3r 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.22 At 1.1.21 Unrestricted funds General fund 155,348 18,806 174,154 TOTAL FUNDS 155,348 18,806 174,154 Page 9 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 rnonths combined net movement in funds, included iri the above are as follows.. Incoming re50urce5 Resources expended Movement in fund5 Unrestricted funds General fund 122,174 1103,3681 18,806 TOTALFUNDS 122.174 1103.3681 18.806 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2022. Page 10
BRITISH SOCIETY OF PROSTHODONTICS Detslled Statement of Flnanclal Actlvltles for the Year Ended 31 December 2022 31.12.22 31.12.21 INCOME AND ENDOWMENTS Charitable activities Subscriptions Conference income Event income Other income 38,268 37,920 37,933 2.767 3,720 766 800 76,988 45.186 Total incoming resources 76.988 45,186 EXPENDITURE Charitable activities Wage5 Event Costs Conference Costs Insurance Telephone Postage and stationerv Advert15ing and marketing Sundries Travel and Sub51Stence Website costs Bank charges Accountancy Name plate renewal 50fbare Subscription 8,592 2,858 41,048 494 360 473 4,649 35 868 5,997 334 750 4,316 1,024 8,192 4,085 360 240 8.095 35 302 7,860 278 720 915 71,798 31,570 Total resources expended 71,798 31,570 Net income 5,190 13,616 This page does not form part of the statutory financial statements Page 11
REGISTERED CHARITY NUMBER.. 1013233 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022 for BRITISH SOCIEfi OF PROSTHODONTICS 8utterworth Barlow Chartered Accountants 8utterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG
BRITISH SOCIETY OF PROSTHODONTICS Contents of the Flnanclal Statements for the Year Ended 31 December 2022 Page RèF>tsrt of the Trustèes Independent Examiner's Report statement of Finantial Activities Balance Sheet Notes to the Financial Statèments 6 to 10 Deiailed Statement of Financial Activities li
BRITISH SOCIETY OF PROSTHODONTICS Report of the Trustees for the Year Ended 31 December 2022 Durin£ 2022, the society was excited to hold its first face to face conference since 2019 before the covid pandemic. The conference wa5 held in Aberdeen under the presidency of Dr Dean Barker and we welcomed 179 delegate5. many of whom expressed how lovely it was to meet in person again. The theme was challenging the dogma in prosthodontics and the conference wa5 therefore structured with the aim of scrutinising and debating sorne of the belief5 that prosthodontists have held dear for many years. A line-up of well-known and high-quality speakers were given a challenging brief by the BSSPD President, Dean Barker, but had free rein to explore their topics and balance available evidence, opinion, and contemporary practice. Our very successful web based interactive CPD has continued again this year with our tenth series of live webinars. This Series of six webinar5 has also been made available to view 'on demand, for our member5. Work ha5 been carried out to catalogue these webinars better, making them more user-friendly by incorporating a search tool for looking for specific webinar tOPiC5 and additionally make thern available to non-tnembers. We were unable to hold our 5ucce5sful young practitioner study day in 2022 but plan5 are already in place to hold it face to face in June 2023. Our annual conference will continue in March 2023 and is being held in Birmingham under the presidency of Dr Suresh Nayar who ha5 looked to increase our profile internationally. We also hope to build up our on-demand webinar library with another series of six webinars being curated by Suresh Nayar in 2022/23. Taking into account new members joining and current members cancelling, we started 2022 with 451 members and ended with 469 mernbers. Some members have unfortunately had to cancel their membership due to the enduring financial constraints that the Covid pandernic has brought, and others through retirement or ill health. Many new members joined in order to attend the conference held in Aberdeen. sTRUURE, GOVERNANCE AND MANAGEMENT Governing document The charity 15 Controlled by its governing docurnent, a deed of trust and coristitute5 an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1013233 Prlnclpal address PO Box 179 Liverpool Merseyside L17 6XA Trustees Dr R McAndrew (resigned 10.3.221 R Austin Iresigned 10.3.221 M5 Pyule D 8arker S Nayer J Owen lappointed 10.3.221 Mi55 S L King (appointed 10.3.221 Page I
BRITISH SOCIETY OF PROSTHODONTICS Report of the Trustees for the Year Ended 31 December 2022 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Mersey5ide L34 3LG Approved by order of the board of trustees on 28 February 2023 and signed on its behalf by.. Ms P Yule- Trustee Page 2
Independent Examlner's Report to the Trustees of Brit15h Society of Pr05thodontlC5 Independent examiner's report to the trustees of British Society of ProsthodontlCS I report to the charity trustees on my examination of the accounts of British Society of Prosthodontics Ithe Trust) for the year ended 31 December 2022. Responsibilities and basi5 of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 20111'the Art'l. I report in re5pett of my examination of the Tru5t'5 accounts carried out under Section 145 of the Att and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinèr'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 rnaterial respect.. accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act,. or the accounts do not accord with those records- or the account5 do not comply with the applicable requirernents concerning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 15 not a matter considered a5 Part of an independent exarnination. I have no concerns and have corne acr055 no other rnatter5 in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. .4L S..1 Butterworth Barlow Chartered Accountants Institute of Chartered Accountant5 in England and Wales Butterworth Barlow Liverpool Merseyside L34 3LG 28 February 2023 Page 3
BRITISH SOCIETY OF PROSTHODONTICS Statement of Flnanclal Actlvitles for the Year Ended 31 December 2022 31.12.22 31.12.21 Total funds Unre5trictred fund Note5 INCOME AND ENDOWMENTS FROM Charitable activities General 76,988 45,186 EXPENDITURE ON Charitable artlvlties General 71,798 31,570 NETINCOME 5,190 13,616 RECONCIUATION OF FUNDS Total funds brought forward 168,964 155,348 TOTAL FUNDS CARRIED FORWARD 174,154 168,964 The notes form part of these financial Statements Page 4
BRITISH SOCIETY OF PROSTHODONTICS Balance Sheet 31 December 2022 31.12.22 31.12.21 Total funds Unre5trictred fund Note5 FIXED ASSETS Tangible assets 4,056 CURRENT ASSETS Debtors Cash at bank and in hand 21,995 165,288 15,106 162,686 187,283 177,792 CREDITORS Amounts falling due within one year 113,1291 112,8841 NETCURRENT ASSETS 174,154 164,908 TOTAL ASSETS LESS CURRENT LIABILITIES 174,154 168,964 NET ASSETS 174,154 168,964 FUNDS Unrestricted funds 174,154 168,964 TOTAL FUNDS 174,154 168,964 The financial statements were approved by the Board of Trustees and authorised for issue on 28 February 2023 and were signed on its behalf by.. P Yule- Trustee The notes form part of these financial Statements Page 5
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements for the Year Ended 31 December 2022 ACCOUNTING POUCIES Basi5 of preparing the financial 5taternents The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021'Accounting and Reporting by Charitie5-. Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial Statements have been prepared under the historical c05t convention. Inttsme All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be tneasured reliablv. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committin8 the charity to that expenditure, it 15 probable that a transfer of econornic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cost related to the category. Where costs cannot be directlv attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund a¢¢ounting Unrestricted fund5 can be used in accordance with the charitable objertive5 at the discretion of the trustees. Restricted fund5 can On be used for particular restricted purp05e5 Wlthin the object5 of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial Statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. Trustees. expenses There were no trustees. expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. Page 6 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitsble artivities General 45,186 EXPENDITURE ON Charitable activiliè5 General 31,570 NET INCOME 13,616 RECONCILIATION OF FUNDS Total fund5 brought forward 155,348 TOTAL FUNDS CARRIED FORWARD 168,964 TANGIBLE FIXED ASSEfs Fixtures and COST At l January 2022 Disposals 4,056 14,0561 At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 4,056 Page 7 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 DEBTORS:AMOUNTSFALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Trade debtors Prepayments 4,900 17.095 2,760 12,346 21,995 15,106 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Trade creditor5 Other creditors 2.109 11,020 12,880 13,129 12,884 MOVEMENT IN FUNDS Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 168,964 5.190 174.154 TOTALFUNDS 168,964 5,190 174,154 Net movement in funds, included in the above are as follows.. Incoming resource5 Resources expended Movement in fund5 Unrestricted funds General fund 76,988 171,7981 5,190 TOTALFUNDS 76,988 171,7981 5,190 Page 8 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in furids At 31.12.21 At 1.1.21 Unrestricted funds General fund 155,348 13,616 168,964 TOTALFUNDS 155.348 13.616 168.964 Comparative net movement in funds, included in the above are as follows.. Incoming re50urce5 Resources expended Movement in fund5 Unrestricied funds General fund 45,186 131,5701 13,616 TOTAL FUNDS 45,186 131.5701 13.616 A current ye3r 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.22 At 1.1.21 Unrestricted funds General fund 155,348 18,806 174,154 TOTAL FUNDS 155,348 18,806 174,154 Page 9 continued...
BRITISH SOCIETY OF PROSTHODONTICS Notes to the Flnanclal Statements- ¢ontlnued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 rnonths combined net movement in funds, included iri the above are as follows.. Incoming re50urce5 Resources expended Movement in fund5 Unrestricted funds General fund 122,174 1103,3681 18,806 TOTALFUNDS 122.174 1103.3681 18.806 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2022. Page 10
BRITISH SOCIETY OF PROSTHODONTICS Detslled Statement of Flnanclal Actlvltles for the Year Ended 31 December 2022 31.12.22 31.12.21 INCOME AND ENDOWMENTS Charitable activities Subscriptions Conference income Event income Other income 38,268 37,920 37,933 2.767 3,720 766 800 76,988 45.186 Total incoming resources 76.988 45,186 EXPENDITURE Charitable activities Wage5 Event Costs Conference Costs Insurance Telephone Postage and stationerv Advert15ing and marketing Sundries Travel and Sub51Stence Website costs Bank charges Accountancy Name plate renewal 50fbare Subscription 8,592 2,858 41,048 494 360 473 4,649 35 868 5,997 334 750 4,316 1,024 8,192 4,085 360 240 8.095 35 302 7,860 278 720 915 71,798 31,570 Total resources expended 71,798 31,570 Net income 5,190 13,616 This page does not form part of the statutory financial statements Page 11