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 2023
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 2023
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 to 6 |
Statement of Financial Activities |
7 |
Balance Sheet |
8 to 9 |
Cash Flow Statement |
10 |
Notes to the Cash Flow Statement |
11 |
Notes to the Financial Statements |
12 to 20 |
The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)
Report of the Trustees
for the Year Ended 31 December 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2023.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
Thestrategyadoptedinfurtheranceoftheseobjectivesweretouselectures,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.
Page 1
The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)
Report of the Trustees
for the Year Ended 31 December 2023
ACHIEVEMENT AND PERFORMANCE
Theactivitiesofthecharitywereseverelyrestrictedbythecovidpandemic,and2023hasbeenayearfor continued
recovery and in increased activity in all areas.
The number of membership subscriptions increased compared with the previous year.
Theusualthreecoursesandtrainingschemeswereprovidedduringintheyear,andwerewellsupported. The
blendedformatwaspopularandsothedecisiontocontinuetoprovideoneofthecoursesinablendedformat was
confirmed.
TheseriesofthreeSAADWinterWebinarswaswellsupported,andthesocietyalsoorganisedasuccessful Joint
Study Day working with the British Association of Oral Surgeons.
Awebinar'SAADLifeSupport'washostedinSeptember.ThiswascomplimentaryforSAADmembersandwas well
supported by both members, and by non-members who paid a fee to attend.
The annual symposium was again impacted by a train strike, with the number of delegates being lower than usual.
The charity hosted a half day webinar in November to provide a greater understanding of the use of remimazolam.
The research projects were all allowed additional time for completion and are ongoing.
TheSAADSafeSedationPracticeSchemeandtheInhalationSedationEquipmentLoanSchemecontinuedto be
available.
TheSAADDigestcontinuestobeatangiblebenefitofmembership,alongwiththeonlineCPDavailablefrom the
SAAD website. Access is complimentary for members; non-members can pay a fee for access for 12 months.
Page 2
The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)
Report of the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Financial review
Thetotalincomingresourcesofthecharityduringthefinancialyearwas£533,333(2022-£417,010).The total
resources expended during the financial year was £509,188 (2022 - £390,287).
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
-
the implementation of procedures designed to minimise or manage any potential impact on the charity should those
-
risks materialise.
Thisworkhasidentifiedthatfinancialsustainabilityisthemajorfinancialriskforthecharity.Afinancialadvisorwill be
engaged to provide investment advice for the charity.
Decisionscontinuetobemadetoensurethefinancialsustainabilityofthesocietywhilstcontinuingtofulfil the
charitableaims,whereverandhoweverpossible.Theaccountsarereviewedonaweeklybasisanddiscussedat every
board meeting.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Charity constitution
Thecharityisacompanylimitedbyguaranteeandwasincorporatedonthe16thDecember2004.Thetrustees, who
arealsothedirectorsforthepurposeofcompanylaw,andwhoservedduringtheyearanduptothedateof signature
of the financial statements are set out below.
Noneofthetrusteeshasanybeneficialinterestinthecompany.Allofthetrusteesaremembersofthecompany and
guarantee to contribute £1 in the event of a winding up.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05314579 (England and Wales)
Registered Charity number
1107420
Page 3
The Society For The Advancement Of Anaesthesia In Dentistry (Registered number: 05314579)
Report of the Trustees
for the Year Ended 31 December 2023
Registered office
21 Portland Place
London
W1B 1PY
Trustees
Dr L R Adams
Dr C Boyle
Dr F Clough
Dr M K Deol
Dr K M Downie (resigned 30.9.23)
Dr C G P Holden
Dr P C Howlett
Dr S Hughes
Ms E Lee (resigned 22.5.23)
Dr T Lees
Dr Y K Loo
Dr Z Shehabi
Dr A Stamp
Dr I Suida (appointed 30.9.23)
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 7 July 2024 and signed on its behalf by:
Dr P C Howlett - Trustee
Page 4
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 2023.
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 5
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.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountants 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
Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU
7 July 2024
Page 6
The Society For The Advancement Of
Anaesthesia In Dentistry
Statement of Financial Activities for the Year Ended 31 December 2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
66,487
Charitable activities
5
Evaluation fee
-
Courses and conferences
432,026
Investment income
4
32,084
Total
530,597
EXPENDITURE ON
Charitable activities
6
Evaluation fee
-
Courses and conferences
488,728
Other
6,974
Total
495,702
Net gains/(losses) on investments
(10,045)
NET INCOME/(EXPENDITURE)
24,850
RECONCILIATION OF FUNDS
Total funds brought forward
778,790
TOTAL FUNDS CARRIED FORWARD
803,640 |
Restricted
fund
£
-
2,736
-
-
2,736
13,486
-
-
13,486
-
(10,750)
90,216
79,466 |
31.12.23
31.12.22
Total
Total
funds
funds
£
£
66,487
58,005
2,736
9,246
432,026
324,287
32,084
25,472
533,333
417,010
13,486
5,101
488,728
379,132
6,974
6,054
509,188
390,287
(10,045)
(25,764)
14,100
959
869,006
868,047
883,106
869,006 |
|
|
|
The notes form part of these financial statements
Page 7
The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)
Balance Sheet
31 December 2023
Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
ACCRUALS AND DEFERRED INCOME
15
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
11,342
423,960
435,302
435,466
(11,794)
423,672
858,974
(55,334)
803,640 |
Restricted
fund
£
-
-
-
79,466
-
79,466
79,466
-
79,466 |
31.12.23
Total
funds
£
11,342
423,960
435,302
514,932
(11,794)
503,138
938,440
(55,334)
883,106
803,640
79,466
883,106 |
31.12.22
Total
funds
£
13,344
434,005
447,349
493,413
(6,041)
487,372
934,721
(65,715)
869,006
778,790
90,216
869,006 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 31 December 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 8
The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)
Balance Sheet - continued
31 December 2023
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.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon7July2024and were
signed on its behalf by:
Dr P C Howlett - Trustee
The notes form part of these financial statements
Page 9
The Society For The Advancement Of Anaesthesia In Dentistry
Cash Flow Statement for the Year Ended 31 December 2023
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period |
31.12.23
£
(10,565)
(10,565)
6,891
25,193
32,084
21,519
493,413
514,932 |
31.12.22
£
(10,928)
(10,928)
1,058
24,414
25,472
14,544
478,869
493,413 |
|
|
|
The notes form part of these financial statements
Page 10
The Society For The Advancement Of Anaesthesia In Dentistry
Notes to the Cash Flow Statement
for the Year Ended 31 December 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
ACTIVITIES |
|
|
|
31.12.23 |
31.12.22 |
|
£ |
£ |
Net income for the reporting period (as per the Statement of |
|
|
Financial Activities) |
14,100 |
959 |
Adjustments for: |
|
|
Depreciation charges |
2,002 |
2,355 |
Losses on investments |
10,045 |
25,764 |
Interest received |
(6,891) |
(1,058) |
Dividends received |
(25,193) |
(24,414) |
Decrease in creditors |
(4,628) |
(14,534) |
Net cash used in operations |
(10,565) |
(10,928) |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.1.23 |
Cash flow |
At 31.12.23 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank |
493,413 |
21,519 |
514,932 |
|
493,413 |
21,519 |
514,932 |
Total |
493,413 |
21,519 |
514,932 |
The notes form part of these financial statements
Page 11
The Society For The Advancement Of
Anaesthesia In Dentistry
Notes to the Financial Statements
for the Year Ended 31 December 2023
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 12
The Society For The Advancement Of Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
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. DONATIONS AND LEGACIES
Membership fees
4.
INVESTMENT INCOME
Other fixed asset invest - FII
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Evaluation fees
Evaluation fee
Courses and conferences
Courses and conferences
Grants received, included in the above, are as follows: |
31.12.23
£
66,487
31.12.23
£
25,193
6,891
32,084
31.12.23
£
2,736
432,026
434,762
31.12.23
£ |
31.12.22
£
58,005
31.12.22
£
24,414
1,058
25,472
31.12.22
£
9,246
324,287 |
|
|
333,533 |
|
|
31.12.22
£ |
continued...
Page 13
The Society For The Advancement Of Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
6. CHARITABLE ACTIVITIES COSTS
Evaluation fee
Courses and conferences
7.
GRANTS PAYABLE
Courses and conferences |
Direct
Costs
£
13,486
286,227
299,713 |
Grant
funding of
activities
(see note
7)
£
-
3,435
3,435 |
Support
costs (see
note 8)
£
-
199,066
199,066
31.12.23
£
3,435 |
Totals
£
13,486
488,728 |
|
|
|
|
502,214 |
|
|
|
|
31.12.22
£
30,991 |
8. SUPPORT COSTS
Management
£
Other resources expended
822
Courses and conferences
179,626
180,448
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
Governance
Finance
costs
£
£
3,932
2,220
-
19,440
3,932
21,660
31.12.23
£
2,002 |
Totals
£
6,974
199,066 |
|
|
206,040 |
|
|
31.12.22
£
2,355 |
9. NET INCOME/(EXPENDITURE)
Depreciation - owned assets
continued...
Page 14
The Society For The Advancement Of
Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
10. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norfor the
year ended 31 December 2022.
Trustees' expenses
During the year the Trustees received expenses in the sum of £19,440 (2022:£15,019).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
58,005
Charitable activities
Evaluation fee
-
Courses and conferences
324,287
Investment income
25,472
Total
407,764
EXPENDITURE ON
Charitable activities
Evaluation fee
5,101
Courses and conferences
379,132
Other
6,054
Total
390,287
Net gains/(losses) on investments
(25,764)
NET INCOME/(EXPENDITURE)
(8,287)
RECONCILIATION OF FUNDS
Total funds brought forward
787,077
TOTAL FUNDS CARRIED FORWARD
778,790 |
Restricted
fund
£
-
9,246
-
-
9,246
-
-
-
-
-
9,246
80,970
90,216 |
Total
funds
£
58,005
9,246
324,287
25,472
417,010
5,101
379,132
6,054
390,287
(25,764)
959
868,047
869,006 |
|
|
|
continued...
Page 15
The Society For The Advancement Of Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
12. TANGIBLE FIXED ASSETS
12. |
TANGIBLE FIXED ASSETS |
|
|
|
Fixtures |
|
|
and |
|
|
fittings |
|
|
£ |
|
COST |
|
|
At 1 January 2023 and 31 December 2023 |
68,271 |
|
DEPRECIATION |
|
|
At 1 January 2023 |
54,927 |
|
Charge for year |
2,002 |
|
At 31 December 2023 |
56,929 |
|
NET BOOK VALUE |
|
|
At 31 December 2023 |
11,342 |
|
At 31 December 2022 |
13,344 |
13. |
FIXED ASSET INVESTMENTS |
|
|
|
Listed |
|
|
investments |
|
|
£ |
|
MARKET VALUE |
|
|
At 1 January 2023 |
434,005 |
|
Revaluations |
(10,045) |
|
At 31 December 2023 |
423,960 |
|
NET BOOK VALUE |
|
|
At 31 December 2023 |
423,960 |
|
At 31 December 2022 |
434,005 |
There were no investment assets outside the UK.
continued...
Page 16
The Society For The Advancement Of
Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
13. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 December 2023 is represented by:
|
|
Listed |
|
|
investments |
|
|
£ |
Valuation in |
2020 |
(84,521) |
Valuation in |
2021 |
53,783 |
Valuation in |
2022 |
(25,763) |
Valuation in |
2023 |
(10,045) |
Cost |
|
490,506 |
|
|
423,960 |
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
15.
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
16.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
778,790
Restricted funds
Restricted
90,216
TOTAL FUNDS
869,006 |
31.12.23
£
11,794
31.12.23
£
55,334
Net
movement
in funds
£
24,850
(10,750)
14,100 |
31.12.22
£
6,041
31.12.22
£
65,715
At
31.12.23
£
803,640
79,466 |
|
|
883,106 |
continued...
Page 17
The Society For The Advancement Of
Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
16. 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
£
530,597
2,736
533,333 |
Resources
expended
£
(495,702)
(13,486)
(509,188) |
Gains and
Movement
losses
in funds
£
£
(10,045)
24,850
-
(10,750)
(10,045)
14,100 |
|
|
|
|
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
787,077
Restricted funds
Restricted
80,970
TOTAL FUNDS
868,047
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
407,764
(390,287)
Restricted funds
Restricted
9,246
-
TOTAL FUNDS
417,010
(390,287) |
Net
movement
At
in funds
31.12.22
£
£
(8,287)
778,790
9,246
90,216
959
869,006
Gains and
Movement
losses
in funds
£
£
(25,764)
(8,287)
-
9,246
(25,764)
959 |
|
|
continued...
Page 18
The Society For The Advancement Of Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
16. 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 1.1.22
£
787,077
80,970
868,047 |
Net
movement
in funds
£
16,563
(1,504)
15,059 |
At
31.12.23
£
803,640
79,466 |
|
|
|
883,106 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
Incoming
resources
£
938,361
11,982
950,343 |
Resources
expended
£
(885,989)
(13,486)
(899,475) |
Gains and
Movement
losses
in funds
£
£
(35,809)
16,563
-
(1,504)
(35,809)
15,059 |
Gains and
Movement
losses
in funds
£
£
(35,809)
16,563
-
(1,504)
(35,809)
15,059 |
|
|
|
|
15,059 |
continued...
Page 19
The Society For The Advancement Of
Anaesthesia In Dentistry
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 20