2021-12-31-accounts - The Society For The Advancement Of Anaesthesia In Dentistry

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REGISTERED COMPANY NUMBER: 05314579 (England and Wales)
REGISTERED CHARITY NUMBER: 1107420

`Report of the Trustees and`

Unaudited Financial Statements for the Year Ended 31 December 2021

`for`

The Society For The Advancement Of
Anaesthesia In Dentistry

Inspire Chartered Accountants

6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

The Society For The Advancement Of
Anaesthesia In Dentistry

Contents of the Financial Statements
for the Year Ended 31 December 2021

	`Page`
`Report of the Trustees`	`1 to 3`
`Independent Examiner's Report`	`4 to 5`
`Statement of Financial Activities`	`6`
`Balance Sheet`	`7 to 8`
`Notes to the Financial Statements`	`9 to 16`
`Detailed Statement of Financial Activities`	`17 to 18`

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Report of the Trustees`

`for the Year Ended 31 December 2021`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Theobjectivesweretopromoteandencouragethestudyandextendthepracticeofimprovedmethods of
administrationofanaesthesiaandsedationandallformsofanxietyandpaincontrolinDentistry.Therehasbeen no
change in these during the year.

The aim of the charity was to enhance the safety and well-being of the patients.

Thestrategyadoptedinfurtheranceoftheseobjectiveswastouselectures,classes,demonstrations, discussions,
publicationstoimparttoanddisseminateamongprofessionsinandrelatedtodentistryaknowledgeofallforms of
pain and anxiety control in dentistry.

ThetrusteeshavepaiddueregardtoguidanceissuedbytheCharityCommissionindecidingwhatactivitiesthe charity
should undertake.

Three major types of activities were undertaken by the charity.

The holding of courses and seminars.
The publication of an annual journal.
The funding of research projects.

`ACHIEVEMENT AND PERFORMANCE`

The activities of the charity were severely restricted by the covid pandemic, 2021 has been a year for recovery.

Thecharityrana seriesofwebinarsearlyin2021.Thesemeantthatthecharitableaimsofthesocietywerefulfilled, as
well as providing income for the society.

Itwaspossibletoprovidetwocoursesintheyear,usingahybridapproachforthefirstone.Thecourseswerefor a
lower number of delegates than normally would be accommodated.

It was possible to hold the annual symposium, again for fewer delegates that would normally attend.
The research projects were all allowed additional time for completion

IthadnotbeenpossibletooffertheSAADSafeSedationPracticeSchemeevaluationsduringthepandemic,andso the
schemewassuspendeduntilthecovidrestrictionswerelifted.Likewise,theInhalationSedationEquipment Loan
Scheme was suspended for most of 2021.

ThereturntosomefacetofacemeetingsoftheBoardofTrusteesmeantthatTrusteesexpensesincreasedin 2021
compared to 2020, but were still below pre pandemic expenses.

Page 1

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Report of the Trustees`

`for the Year Ended 31 December 2021`

`FINANCIAL REVIEW`

`Financial review`

Thetotalincomingresourcesofthecharityduringthefinancialyear£276,549(2020-£220,516).Thetotal resources
expended during the financial year £290,185 (2020 - £228,019).

Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecificuseshould be
maintainedatalevelequivalenttobetweenthreeandsixmonth'sexpenditure.Thetrusteesconsiderthatreserves at
thislevelwillensurethat,intheeventofasignificantdropinfunding,theywillbeabletocontinuethe charity's
currentactivitieswhileconsiderationisgiventowaysinwhichadditionalfundsmayberaised.Thislevelof reserves
has been maintained throughout the year.

The trustees have a risk management strategy which comprises:

- an annual review of the principal risks and uncertainties that the charity faces;

- the establishment of policies, systems and procedures to mitigate those risks identified in the annual review ; and

-theimplementationofproceduresdesignedtominimiseormanageanypotentialimpactonthecharityshould those
risks materialise.

Thisworkhasidentifiedthatfinancialsustainabilityisthemajorfinancialriskforthecharity,includingtheriskto the
economy generally from the effect of Covid-19.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

05314579 (England and Wales)

`Registered Charity number`

`Registered office`

21 Portland Place
London
W1B 1PY

Page 2

`The Society For The Advancement Of Anaesthesia In Dentistry`

`Report of the Trustees`

for the Year Ended 31 December 2021

`Trustees`

Dr L R Adams
Dr C Boyle
Dr F Clough (appointed 24.9.21)
M K Deol
Dr K M Downie
Dr C G P Holden
Dr P C Howlett
Dr S Hughes
S G Jones
Ms E Lee
Dr T Lees (appointed 24.9.21)
Dr Y K Loo
Dr S Shah
Dr Z Shehabi
Dr M Majithia (resigned 24.9.21)
Dr D P Pearson (resigned 24.9.21)

`Independent Examiner`

Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Approved by order of the board of trustees on 27 September 2022 and signed on its behalf by:

Dr K M Downie - Trustee

Page 3

`Independent Examiner's Report to the Trustees of The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Independent examiner's report to the trustees of The Society For The Advancement Of Anaesthesia In Dentistry ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2021.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Page 4

`Independent Examiner's Report to the Trustees of The Society For The Advancement Of Anaesthesia In Dentistry`

`Independent examiner's statement`

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbea memberofa listedbody.I can confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofInstituteof Chartered
Accountants in England and Wales which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael McKenna

Institute of Chartered Accountants in England and Wales
Inspire Chartered Accountants

6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

27 September 2022

Page 5

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Statement of Financial Activities`

`for the Year Ended 31 December 2021`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `61,531` `Charitable activities` `Evaluation fee` `-` `Courses and conferences` `185,637` `Other trading activities` `3` `-` `Investment income` `4` `21,831` `Total` `268,999` `EXPENDITURE ON` `Charitable activities` `Courses and conferences` `283,155` `Other` `7,030` `Total` `290,185` `Net gains/(losses) on investments` `53,783` `NET INCOME/(EXPENDITURE)` `32,597` `RECONCILIATION OF FUNDS` `Total funds brought forward` `754,480` `TOTAL FUNDS CARRIED FORWARD` `787,077`	`Restricted` `fund` `£` `-` `7,550` `-` `-` `-` `7,550` `-` `-` `-` `-` `7,550` `73,420` `80,970`	`31.12.21` `31.12.20` `Total` `Total` `funds` `funds` `£` `£` `61,531` `53,537` `7,550` `2,240` `185,637` `142,929` `-` `1,630` `21,831` `20,180` `276,549` `220,516` `283,155` `225,339` `7,030` `2,680` `290,185` `228,019` `53,783` `(84,521)` `40,147` `(92,024)` `827,900` `919,924` `868,047` `827,900`

The notes form part of these financial statements

Page 6

`The Society For The Advancement Of Anaesthesia In Dentistry`

`Balance Sheet`

`31 December 2021`

`Notes` `FIXED ASSETS` `Tangible assets` `8` `Investments` `9` `CURRENT ASSETS` `Debtors` `10` `Cash at bank` `CREDITORS` `Amounts falling due within one year` `11` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `ACCRUALS AND DEFERRED INCOME` `12` `NET ASSETS` `FUNDS` `13` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`Unrestricted` `fund` `£` `15,699` `459,769` `475,468` `-` `397,899` `397,899` `(7,980)` `389,919` `865,387` `(78,310)` `787,077`	`Restricted` `fund` `£` `-` `-` `-` `-` `80,970` `80,970` `-` `80,970` `80,970` `-` `80,970`	`31.12.21` `Total` `funds` `£` `15,699` `459,769` `475,468` `-` `478,869` `478,869` `(7,980)` `470,889` `946,357` `(78,310)` `868,047` `787,077` `80,970` `868,047`	`31.12.20` `Total` `funds` `£` `18,469` `405,986` `424,455` `875` `496,227` `497,102` `(6,922)` `490,180` `914,635` `(86,735)` `827,900` `754,480` `73,420` `827,900`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 31 December 2021.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 7

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Balance Sheet - continued`

`31 December 2021`

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon27September2022 and
were signed on its behalf by:

K M Downie - Trustee

The notes form part of these financial statements

Page 8

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements`

for the Year Ended 31 December 2021

`1. FIXED ASSET INVESTMENTS`

Fixedassetinvestmentsareinitiallymeasuredattransactionpriceplustransactioncostsandare subsequently
measured at fair value at each reporting date.

Changes in fair value are recognised in net income /(expenditure)in the year.

`2. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with
theexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedbytherevaluationof certain
assets.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds, it
is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.

Fixtures and fittings

- 15% on reducing balance

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 9

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`2. ACCOUNTING POLICIES - continued`

`Fund accounting`

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`3. OTHER TRADING ACTIVITIES`

`3.`	`OTHER TRADING ACTIVITIES`
		`31.12.21`	`31.12.20`
		`£`	`£`
	`Leaflets and publications`	`-`	`1,630`
`4.`	`INVESTMENT INCOME`
		`31.12.21`	`31.12.20`
		`£`	`£`
	`Other fixed asset invest - FII`	`21,781`	`19,739`
	`Deposit account interest`	`50`	`441`
		`21,831`	`20,180`
`5.`	`NET INCOME/(EXPENDITURE)`
	`Net income/(expenditure) is stated after charging/(crediting):`
		`31.12.21`	`31.12.20`
		`£`	`£`
	`Depreciation - owned assets`	`2,770`	`3,259`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfor the
year ended 31 December 2020.

continued...

Page 10

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`6. TRUSTEES' REMUNERATION AND BENEFITS - continued`

`Trustees' expenses`

During the year the Trustees received expenses in the sum of £5,822 (2020:£2,501).

`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `53,537` `Charitable activities` `Evaluation fee` `-` `Courses and conferences` `142,929` `Other trading activities` `1,630` `Investment income` `20,180` `Total` `218,276` `EXPENDITURE ON` `Charitable activities` `Courses and conferences` `193,623` `Other` `2,680` `Total` `196,303` `Net gains/(losses) on investments` `(84,521)` `NET INCOME/(EXPENDITURE)` `(62,548)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `817,028` `TOTAL FUNDS CARRIED FORWARD` `754,480`	`Restricted` `fund` `£` `-` `2,240` `-` `-` `-` `2,240` `31,716` `-` `31,716` `-` `(29,476)` `102,896` `73,420`	`Total` `funds` `£` `53,537` `2,240` `142,929` `1,630` `20,180` `220,516` `225,339` `2,680` `228,019` `(84,521)` `(92,024)` `919,924` `827,900`

continued...

Page 11

`The Society For The Advancement Of Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`8. TANGIBLE FIXED ASSETS`

`8.`	`TANGIBLE FIXED ASSETS`
		`Fixtures`
		`and`
		`fittings`
		`£`
	`COST`
	`At 1 January 2021 and 31 December 2021`	`68,271`
	`DEPRECIATION`
	`At 1 January 2021`	`49,802`
	`Charge for year`	`2,770`
	`At 31 December 2021`	`52,572`
	`NET BOOK VALUE`
	`At 31 December 2021`	`15,699`
	`At 31 December 2020`	`18,469`
`9.`	`FIXED ASSET INVESTMENTS`
		`Listed`
		`investments`
		`£`
	`MARKET VALUE`
	`At 1 January 2021`	`405,986`
	`Revaluations`	`53,783`
	`At 31 December 2021`	`459,769`
	`NET BOOK VALUE`
	`At 31 December 2021`	`459,769`
	`At 31 December 2020`	`405,986`

There were no investment assets outside the UK.

continued...

Page 12

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`9. FIXED ASSET INVESTMENTS - continued`

Cost or valuation at 31 December 2021 is represented by:

Valuation in 2020
Valuation in 2021
Cost
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
12.
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
13.
MOVEMENT IN FUNDS
At 1.1.21
£
Unrestricted funds
General fund
754,480
Restricted funds
Restricted
73,420
TOTAL FUNDS
827,900 Listed
investments
£
(84,521)
53,783
490,507
459,769
31.12.21
31.12.20
£
£
-
875
31.12.21
31.12.20
£
£
7,980
6,922
31.12.21
31.12.20
£
£
78,310
86,735
Net
movement
At
in funds
31.12.21
£
£
32,597
787,077
7,550
80,970
40,147
868,047

continued...

Page 13

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`13. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Restricted` `TOTAL FUNDS`	`Incoming` `resources` `£` `268,999` `7,550` `276,549`	`Resources` `expended` `£` `(290,185)` `-` `(290,185)`	`Gains and` `Movement` `losses` `in funds` `£` `£` `53,783` `32,597` `-` `7,550` `53,783` `40,147`

`Comparatives for movement in funds`

At 1.1.20
£
Unrestricted funds
General fund
817,028
Restricted funds
Restricted
102,896
TOTAL FUNDS
919,924
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
218,276
(196,303)
Restricted funds
Restricted
2,240
(31,716)
TOTAL FUNDS
220,516
(228,019) Net
movement
At
in funds
31.12.20
£
£
(62,548)
754,480
(29,476)
73,420
(92,024)
827,900
Gains and
Movement
losses
in funds
£
£
(84,521)
(62,548)
-
(29,476)
(84,521)
(92,024)

continued...

Page 14

`The Society For The Advancement Of`

`Anaesthesia In Dentistry`

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2021`

`13. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Restricted` `TOTAL FUNDS`	`At 1.1.20` `£` `817,028` `102,896` `919,924`	`Net` `movement` `in funds` `£` `(29,951)` `(21,926)` `(51,877)`	`At` `31.12.21` `£` `787,077` `80,970`
			`868,047`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Restricted` `TOTAL FUNDS`	`Incoming` `resources` `£` `487,275` `9,790` `497,065`	`Resources` `expended` `£` `(486,488)` `(31,716)` `(518,204)`	`Gains and` `Movement` `losses` `in funds` `£` `£` `(30,738)` `(29,951)` `-` `(21,926)` `(30,738)` `(51,877)`	`Gains and` `Movement` `losses` `in funds` `£` `£` `(30,738)` `(29,951)` `-` `(21,926)` `(30,738)` `(51,877)`
				`(51,877)`

continued...

Page 15

The Society For The Advancement Of
Anaesthesia In Dentistry

`Notes to the Financial Statements - continued`

for the Year Ended 31 December 2021

`14. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 December 2021.

Page 16