``` 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 2024 ``` ## **`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 2024`** ||**`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`| |**`Detailed Statement of Financial Activities`**|`21 to 22`| ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2024`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended31December2024.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` TheobjectivesoftheCharityaretopromoteandencouragethestudyandextendthepracticeofimproved methods ofadministrationofanaesthesiaandsedationandallformsofanxietyandpaincontrolinDentistry.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 as follows: ``` ``` The holding of courses and seminars. ``` ``` The publication of a biannual journal. ``` ``` The funding of research projects. ``` ``` Page 1 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2024`** ## **`ACHIEVEMENT AND PERFORMANCE`** ``` Theactivitiesofthecharitywereseverelyrestrictedbythecovidpandemic,andthroughout2024therehasbeen a continuation of recovery and review of what SAAD offers. ``` ``` The number of membership subscriptions increased slightly compared with the previous year. ``` ``` Theusualthreecoursesandtrainingschemeswereprovidedduringintheyear,andwerewellsupported. The blendedformatcontinuestobepopularandsothedecisiontocontinuetoprovideoneofthecoursesina blended formatwasreaffirmed.TheSAADAssessedSedationHygienist/Therapist(SASH/T)schemewasalsoprovidedin the blended format for the first time and received excellent feedback. ``` ``` Thetrainingschemescontinuetobewellsupported,andtheonlinecasebaseddiscussions,providedtosupport those enrolled on the schemes are increasingly popular. ``` ``` TheseriesofthreeSAADWinterWebinarswaswellsupported,albeitwithslightlylowernumberofdelegates than previously.Acomplimentarywebinar'Avisitingsedationist;aninsiderview'wasprovidedforSAAD members, non-members paid to attend. ``` ``` ThepilotSAADLifeSupport(SLS)coursewasheldinFebruary2024.Thefeedbackwasexcellentanditwas decided to offer the course again in 2025 as a further pilot. ``` ``` Thesymposiumwasaliveeventandwaswellattendeddespitecoincidingwithatrainstrikeforthethird consecutive year. ``` ``` The research projects were again all allowed additional time for completion and are ongoing. ``` ``` The SAAD Safe Sedation Practice Scheme continued to 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`** ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2024`** ## **`FINANCIAL REVIEW`** ## **`Financial review`** ``` Thetotalincomingresourcesofthecharityduringthefinancialyearwas£583,313(2023-£533,333).The total resources expended during the financial year was £498,375 (2023 - £509,188). ``` ``` 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. ``` ``` This work has identified that financial sustainability is the major financial risk for the charity. ``` ``` A financial advisor has been 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. ``` ``` 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`** ``` Report of the Trustees for the Year Ended 31 December 2024 ``` ## **`Registered office`** ``` 21 Portland Place London W1B 1PY ``` ## **`Trustees`** ``` Dr L R Adams (resigned 28.9.24) Dr C Boyle Dr F Clough (resigned 28.9.24) Dr M K Deol Dr C G P Holden (resigned 28.9.24) Dr P C Howlett Dr S Hughes Dr T Lees Dr Y K Loo Dr Z Shehabi Dr A Stamp Dr I Suida Dr R Kerr (appointed 28.9.24) Dr R Lee (appointed 28.9.24) Dr S Fenesan (appointed 28.9.24) Dr S Chaplin-Rogers (appointed 28.9.24) Dr L Sharifian (appointed 28.9.24) ``` ## **`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 13 June 2025 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 2024. ``` ## **`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.I can 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 ``` ``` 13 June 2025 ``` ``` Page 6 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 December 2024`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
`83,851`
**`Charitable activities`**
`5`
`Evaluation fee`
`-`
`Courses and conferences`
`452,497`
`Investment income`
`4`
`34,655`
**`Total`**
`571,003`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Evaluation fee`
`-`
`Courses and conferences`
`491,426`
`Other`
`6,949`
**`Total`**
`498,375`
`Net gains/(losses) on investments`
`10,880`
**`NET INCOME`**
`83,508`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`803,640`
**`TOTAL FUNDS CARRIED FORWARD`**
`887,148`|`Restricted`
`fund`
`£`
`-`
`12,310`
`-`
`-`
`12,310`
`-`
`-`
`-`
`-`
`-`
`12,310`
`79,466`
`91,776`|`31.12.24`
`31.12.23`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`83,851`
`66,487`
`12,310`
`2,736`
`452,497`
`432,026`
`34,655`
`32,084`
`583,313`
`533,333`
`-`
`13,486`
`491,426`
`488,728`
`6,949`
`6,974`
`498,375`
`509,188`
`10,880`
`(10,045)`
`95,818`
`14,100`
`883,106`
`869,006`
`978,924`
`883,106`| |---|---|---| ``` The notes form part of these financial statements ``` ``` Page 7 ``` ## **`The Society For The Advancement Of Anaesthesia In Dentistry`** ## **`Balance Sheet`** ## **`31 December 2024`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`12`
`Investments`
`13`
**`CURRENT ASSETS`**
`Debtors`
`14`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`15`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`ACCRUALS AND DEFERRED INCOME`**
`16`
**`NET ASSETS`**
**`FUNDS`**
`17`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`9,641`
`434,840`
`444,481`
`4,613`
`492,766`
`497,379`
`(16,076)`
`481,303`
`925,784`
`(38,636)`
`887,148`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`91,776`
`91,776`
`-`
`91,776`
`91,776`
`-`
`91,776`|`31.12.24`
`Total`
`funds`
`£`
`9,641`
`434,840`
`444,481`
`4,613`
`584,542`
`589,155`
`(16,076)`
`573,079`
`1,017,560`
`(38,636)`
`978,924`
`887,148`
`91,776`
`978,924`|`31.12.23`
`Total`
`funds`
`£`
`11,342`
`423,960`
`435,302`
`-`
`514,932`
`514,932`
`(11,794)`
`503,138`
`938,440`
`(55,334)`
`883,106`
`803,640`
`79,466`
`883,106`| |---|---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the year ended 31 December 2024. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 December 2024 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`** ## **`Balance Sheet - continued`** ## **`31 December 2024`** ``` 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. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13June2025and 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 2024`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash provided by/(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`**|`31.12.24`
`£`
`34,955`
`34,955`
`8,118`
`26,537`
`34,655`
`69,610`
`514,932`
`584,542`|`31.12.23`
`£`
`(10,565)`
`(10,565)`
`6,891`
`25,193`
`32,084`
`21,519`
`493,413`
`514,932`| |---|---|---| ``` 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 2024`** ## **`1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`** |**`ACTIVITIES`**||| |---|---|---| ||`31.12.24`|`31.12.23`| ||`£`|`£`| |**`Net income for the reporting period (as per the Statement of`**||| |**`Financial Activities)`**|`95,818`|`14,100`| |**`Adjustments for:`**||| |`Depreciation charges`|`1,701`|`2,002`| |`(Gain)/losses on investments`|`(10,880)`|`10,045`| |`Interest received`|`(8,118)`|`(6,891)`| |`Dividends received`|`(26,537)`|`(25,193)`| |`Increase in debtors`|`(4,613)`|`-`| |`Decrease in creditors`|`(12,416)`|`(4,628)`| |**`Net cash provided by/(used in) operations`**|`34,955`|`(10,565)`| ## **`2. ANALYSIS OF CHANGES IN NET FUNDS`** ||`At 1.1.24`|`Cash flow`|`At 31.12.24`| |---|---|---|---| ||`£`|`£`|`£`| |**`Net cash`**|||| |`Cash at bank and in hand`|`514,932`|`69,610`|`584,542`| ||`514,932`|`69,610`|`584,542`| |**`Total`**|`514,932`|`69,610`|`584,542`| ``` 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 2024 ``` ## **`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 2024`** ## **`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:`|`31.12.24`
`£`
`83,851`
`31.12.24`
`£`
`26,537`
`8,118`
`34,655`
`31.12.24`
`£`
`12,310`
`452,497`
`464,807`
`31.12.24`
`£`|`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`
`£`| ``` continued... ``` ``` Page 13 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`6. CHARITABLE ACTIVITIES COSTS`** |`Courses and conferences`
**`7.`**
**`GRANTS PAYABLE`**
`Courses and conferences`
**`8.`**
**`SUPPORT COSTS`**
`Management`
`£`
`Other resources expended`
`722`
`Courses and conferences`
`176,903`
`177,625`
**`9.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`|`Support`
`Direct`
`costs (see`
`Costs`
`note 8)`
`£`
`£`
`288,974`
`202,452`
`31.12.24`
`£`
`-`
`Governance`
`Finance`
`costs`
`£`
`£`
`3,587`
`2,640`
`-`
`25,549`
`3,587`
`28,189`
`31.12.24`
`£`
`1,701`|`Totals`
`£`
`491,426`| |---|---|---| |||`31.12.23`
`£`
`3,435`
`Totals`
`£`
`6,949`
`202,452`| |||`209,401`| |||`31.12.23`
`£`
`2,002`| ``` continued... ``` ``` Page 14 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`10. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfor the year ended 31 December 2023. ``` ## **`Trustees' expenses`** ``` During the year the Trustees received expenses in the sum of £25,549 (2023:£19,440). ``` ## **`11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`66,487`
**`Charitable activities`**
`Evaluation fee`
`-`
`Courses and conferences`
`432,026`
`Investment income`
`32,084`
**`Total`**
`530,597`
**`EXPENDITURE ON`**
**`Charitable activities`**
`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`|`Total`
`funds`
`£`
`66,487`
`2,736`
`432,026`
`32,084`
`533,333`
`13,486`
`488,728`
`6,974`
`509,188`
`(10,045)`
`14,100`
`869,006`
`883,106`| |---|---|---| ``` continued... ``` ``` Page 15 ``` ## **`The Society For The Advancement Of Anaesthesia In Dentistry`** ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`12. TANGIBLE FIXED ASSETS`** |**`12.`**|**`TANGIBLE FIXED ASSETS`**|| |---|---|---| |||`Fixtures`| |||`and`| |||`fittings`| |||`£`| ||**`COST`**|| ||`At 1 January 2024 and 31 December 2024`|`68,271`| ||**`DEPRECIATION`**|| ||`At 1 January 2024`|`56,929`| ||`Charge for year`|`1,701`| ||`At 31 December 2024`|`58,630`| ||**`NET BOOK VALUE`**|| ||`At 31 December 2024`|`9,641`| ||`At 31 December 2023`|`11,342`| |**`13.`**|**`FIXED ASSET INVESTMENTS`**|| |||`Listed`| |||`investments`| |||`£`| ||**`MARKET VALUE`**|| ||`At 1 January 2024`|`423,960`| ||`Revaluations`|`10,880`| ||`At 31 December 2024`|`434,840`| ||**`NET BOOK VALUE`**|| ||`At 31 December 2024`|`434,840`| ||`At 31 December 2023`|`423,960`| ``` 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 2024`** ## **`13. FIXED ASSET INVESTMENTS - continued`** ``` Cost or valuation at 31 December 2024 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)`| ||`Valuation in 2024`||`10,880`| ||`Cost`||`490,506`| ||||`434,840`| |**`14.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |||`31.12.24`|`31.12.23`| |||`£`|`£`| ||`Prepayments and accrued income`|`4,613`|`-`| |**`15.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |||`31.12.24`|`31.12.23`| |||`£`|`£`| ||`Accruals and deferred income`|`16,076`|`11,794`| |**`16.`**|**`ACCRUALS AND DEFERRED INCOME`**||| |||`31.12.24`|`31.12.23`| |||`£`|`£`| ||`Accruals and deferred income`|`38,636`|`55,334`| ``` continued... ``` ``` Page 17 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`17. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`s follows:`
`Incoming`
`resources`
`£`
`571,003`
`12,310`
`583,313`|`At 1.1.24`
`£`
`803,640`
`79,466`
`883,106`
`Resources`
`expended`
`£`
`(498,375)`
`-`
`(498,375)`
`At 1.1.23`
`£`
`778,790`
`90,216`
`869,006`|`Net`
`movement`
`At`
`in funds`
`31.12.24`
`£`
`£`
`83,508`
`887,148`
`12,310`
`91,776`
`95,818`
`978,924`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`10,880`
`83,508`
`-`
`12,310`
`10,880`
`95,818`
`Net`
`movement`
`At`
`in funds`
`31.12.23`
`£`
`£`
`24,850`
`803,640`
`(10,750)`
`79,466`
`14,100`
`883,106`| |---|---|---|---| ``` continued... ``` ``` Page 18 ``` ## **`The Society For The Advancement Of`** ## **`Anaesthesia In Dentistry`** ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2024`** ## **`17. MOVEMENT IN FUNDS - continued`** ``` Comparative 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`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(10,045)`
`24,850`
`-`
`(10,750)`
`(10,045)`
`14,100`| |---|---|---|---|---| |||||`14,100`| ``` 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 1.1.23`
`£`
`778,790`
`90,216`
`869,006`|`Net`
`movement`
`in funds`
`£`
`108,358`
`1,560`
`109,918`|`At`
`31.12.24`
`£`
`887,148`
`91,776`| |---|---|---|---| ||||`978,924`| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` |`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`1,101,600`
`(994,077)`
**`Restricted funds`**
`Restricted`
`15,046`
`(13,486)`
**`TOTAL FUNDS`**
`1,116,646`
`(1,007,563)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`835`
`108,358`
`-`
`1,560`
`835`
`109,918`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`835`
`108,358`
`-`
`1,560`
`835`
`109,918`| |---|---|---| |||`109,918`| ``` continued... ``` ``` Page 19 ``` ``` The Society For The Advancement Of Anaesthesia In Dentistry ``` ## **`Notes to the Financial Statements - continued`** ``` for the Year Ended 31 December 2024 ``` ## **`18. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2024. ``` ``` Page 20 ```