``` 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 ```