2022-02-28-accounts - National Examining Board For Dental Nurses

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ANNUAL REPORT Nallonal Examining Board for Dental Nurses.

CONTENTS NE8D Annua

Chair's Welcome
CEO Introduction
Mission and Impact
Highlights from 2021/22
NEBDN activities, achievements		and performance	in 2021/22
Examination Delivery				10
Qualifications
Information Management				12
Regulation				14
People				15
Staff Structure				16
Engagement				17
Our ambitions for 2022/23				18
People				19
Staff Structure				20
Qualifications				21
Examination delivery				22
Regulation				23
Engagement				24
Information Management				25
Financial Review				26
Finance and business review from 2021/22				27
Governance				29
The work ofthe Board Committees				30
Statement ofTrustees Responsibilities				31
Independant Auditor's	Report			32

NEBDN activities, achievements and / performance i 2021 /22 NEBDN Annual Report 2021-2

Our ambitions fori2022123 NEBDN AnnualRepo.it 2021 18

Financial Review NEBDN Annual Report 2021-2022 26

Independent Au&itor's epo eport 2021-2022 32

					Unrestricted	Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2021	2021	2021
				Notes	8	E		8
Income from:
Charitable activities				3	1,318,395	1,422,489		1,422,489
Investments				4	17,296	26,617		26,617
Total income					1,335,691	1,449,106		1,449,106
~E* do
Raising funds				5	5,440	3,705		3,705
Charitable activities				6	1,432,974	1,430,477	80	1,430,557
Total expenditure					1,438,414	1,434,182	80	1,434,262
Net gains/(losses)		on investments		11	28,222	7,179		7,179
Net movement	in	funds			(74,501)	22,103	(80)	22,023
Fund balances	at 1 March 2021				1,218,532	1,196,429	80	1,196,509
Fund balances	at	28 February	2022		1,144,031	1,218,532		1,218,532

			2022		2021
		Notes	8		f
Fixed assets
intangible assets		12		39,378		29,990
Tangible assets		13		33,490		50,441
Investments		14		575,974		550,792
				648,842		631,223
Current assets
Stocks		15	18,778		17,799
Debtors		16	353,544		420,946
Cash at bank and in	hand		2,365,994		1,809,377
			2,738,316		2,248,122
Creditors: amounts	falling due within
one year		17	(2,135,902)		(1,572,793)
Net current assets				602,414		675,329
Total assets less current liabilities				1,251,256		1,306,552
Creditors: amounts	falling due after
more than one year		18		(107,225)		(88,020)
Net assets				1,144,031		1,218,532
income funds
unrestricted funds
Designated funds		20	57,403		150,346
General unrestricted	funds		1,086,628		1,068,186
				1,144,031		1,218,532
				1,144,031		1,218,532

				2022		2021
			Notes	f		f
Cash flows from operating		activities
Cash generated from operations			23		576,936		17,338
Investing	activities
Purchase	of intangible assets			(27,486)		(31,320)
Purchase	oftangible fixed assets			(13,169)		(7,703)
Purchase	of investments			(95,506)		(49,173)
Proceeds	from disposal of investments			98,546		41,858
Investment	income received			17,296		26,617
Net cash	used in investing	activities			(20,319)		(19,721)
Net cash	used in financing	activities
Net increase/(decrease) in cash and			cash
equivalents					556,617		(2,383)
Cash and	cash equivalents	at beginning	ofyear		1,809,377		1,811,760
Cash and	cash equivalents	at end of	year		2,365,994		1,809,377

1	Accounting policies															(Continued)	(Continued)	(Continued)	(Continued)	(Continued)
1.8	Tangible fixed assets
	Tangible fixed assets are initially measured		at	cost	and	subsequently		measured			at		cost or valuation,						net of
	depreciation and any impairment losses.
	Depreciation is recognised so as to write off		the	cost	or valuation ofassets less their							residual		values				over their
	useful lives on the following bases:
	Fixtures and fittings			15%	on cost
	Computers		33.33%on cost
	Assets costing less than 5500 are not capitalised.
	The gain or loss arising on the disposal		of an asset			is determined		as the		difference				between				the sale
	proceeds and the carrying value ofthe asset, and is recognised in net						income/(expenditure)							for the			year.
1.9	Fixed asset investments
	investments held as assets are stated at market			value at		the balance sheet date.					Unrealised			gains			and losses
	are included on the Statement of Financial Activities each					year.
1.10	Impairment offixed assets
	At each reporting end date, the charity reviews			the	carrying amounts			of its tangible					and intangible					assets to
	determine whether there is any indication	that		those assets have suffered an						impairment				loss.			If	any	such
	indication exists, the recoverable amount	of the asset is estimated					in order		to		determine			the	extent of					the
	impairment loss (ifany).
1.11	Stocks
	Stocks are valued at the lower of cost and	net		realisable		value, after	making		due		allowance			for	obsolete and
	slow moving items.
	Net realisable value is the estimated selling price				less	all estimated		costs	of completion					and		costs			to	be
	incurred in marketing, selling and distribution.
1.12	Cash and cash equivalents
	Cash and cash equivalents include cash	in hand,			deposits held at		call with			banks,			other short-term						liquid
	investments with original maturities of three		months		or less, and bank			overdrafts.			Bank overdrafts						are shown
	within borrowings in current liabilities.
1.13	Financial instruments
	The charity has cash at bank, other debtors		and	other creditors that are				financial		assets and				financial				liabilities
	of a kind that qualify as basic financial instruments.				Basic financial			instruments				are initially			recognised					at
	transaction value and subsequently measured at their settlement value.
	Derecognition offinancial liabilities
	Financial liabilities are derecognised when		the	charity's		contractual	obligations				expire or			are	discharged					or
	cancelled.
1.14	Employee benefits
	The cost of any unused holiday entitlement		is recognised			in the period		in which			the		employee's			services				are
	received.
	Termination benefits are recognised immediately			as	an expense when			the charity			is		demonstrably					committed
	to terminate the employment ofan employee		or	to provide		termination	benefits.

2022	2021
5	5
1,318,395	1,422,489

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			5	F
	Income from listed investments		8,419	13,484
	Interest receivable		8,877	13,133
			17,296	26,617
5	Raising funds
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			F	5
	Investment	management	5,440	3,705
			5,440	3,705

			2022	2021
			6
Staff costs			646,177	584,968
Examiners' costs			65,682	73,029
Committee costs				2,039
E-marking and upgrades			11,760	26,026
Qualifications committee expenses				351
Records ofexperience			70,784	82,225
Research and development				179
OSCE equipment			121,919	95,310
Centre expenses			32,848	110,858
Helpers at centres				530
Reviews, marking,	feedback and training		6,573	39,181
Quality assurance	expenses		2,494	3,922
Purchase ofbadges,		buckles and belts	9,096
			967,333	1,018,618
Share ofsupport costs (see note 7)			378,419	356,919
Share ofgovernance		costs (see note 7)	87,222	55,020
			1,432,974	1,430,557
Analysis by fund
Unrestricted funds			1,432,974	1,430,477
Restricted funds				80

Supportcosts
		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
		E	E		E	E
Staff costs		137,556	42,720	180,276	128,506	42,725	171,231
Depreciation		48,217		48,217	30,655		30,655
Staff recruitment	and
training		19,263		19,263	26,847		26,847
Property costs		45,570		45,570	48,721		48,721
Marketing		9,584		9,584	5,551		5,551
General admin	costs	118,229		118,229	116,639		116,639
Audit fees			5,400	5,400		5,400	5,400
Accountancy			4,535	4,535		5,839	5,839
Legal and professional			27,061	27,061
Trustee costs			7,506	7,506		1,056	1,056
		378,419	87,222	465,641	356,919	55,020	411,939
Analysed between
Charitable activities		378,419	87,222	465,641	356,919	55,020	411,939

Fees payable to the	charity's	charity's	2022	2021
			E	E.
Audit ofthe charity's	annual	accounts	5,400	5,400
Non-audit services
All other non-audit services			5,839	5,839

The average monthly number ofemployees during the	year was:
	2022	2021
	Number	Number
Admin 8 support staff	10	17
Management	12	3
Total	22	20
Employment costs	2022f	2021 E
Wages and salaries	691,427	633,948
Social security costs	66,461	59,962
Other pension costs	68,565	62,289
	826,453	756,199

2022	2021
Number	Number

			Unrestncted	Unrestricted
			funds	funds
			2022	2021
			6	6
Revaluation	of	investments	27,307	6,239
Gain/(loss)	on	sale ofinvestments	915	940
			28,222	7,179

12	Intangible fixed assets	Intangible fixed assets
			Software	Patents &	Webaite costs	Total
				licencea
				8
	Cost
	At 1 March 2021		31,320	1,298	61,987	94,605
	Additions —separately	acquired	27,486			27,486
	Disposals				(57,667)	(57,667)
	At 28 February 2022		58,806	1,298	4,320	64,424
	Amortisation and impairment
	At 1 March 2021		4,373	460	59,782	64,615
	Amortisation charged	for the year	16,693	325	1,080	18,098
	Disposals				(57,667)	(57,667)
	At 28 February 2022		21,066	785	3,195	25,046
	Carrying amount
	At 28 February 2022		37,740	513	1,125	39,378
	At 28 February 2021		26,947	838	2,205	29,990
13	Tangible fixed assets
				Fixtures and	Computers	Total
				fittings
	Cost
	At 1 March 2021			23,138	165,840	188,978
	Additions			6,093	7,076	13,169
	Disposals				(49,519)	(49,519)
	At 28 February 2022			29,231	123,397	152,628
	Depreciation and impairment
	At 1 March 2021			17,662	120,875	138,537
	Depreciation charged	in the year		2,214	27,906	30,120
	Eliminated in respect	ofdisposals			(49,519)	(49,519)
	At 28 February 2022			19,876	99,262	119,138
	Carrying amount
	At 28 February 2022			9,355	24,135	33,490
	At 28 February 2021			5,476	44,965	50,441

Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
Cost or valuation
At 1 March 2021	524,911	25,881	550,792
Additions	95,506		95,506
Valuation changes	27,307		27,307
Disposals	(84,861)	(12,770)	(97,631)
At 28 February 2022	562,863	13,111	575,974
Carrying amount
At 28 February 2022	562,863	13,111	575,974
At 28 February 2021	524,911	25,881	550,792

15	Stocks
				2022	2021
					8
	Goods for	resale		18,778	17,799
16	Debtors
	Amounts	falling due within one year:		2022f	2021
	Trade debtors			174,199	212,735
	Other debtors			21,723	9,515
	Prepayments		and accrued income	157,622	198,696
				353,544	420,946

17	Creditors: amounts		falling	due within one year
						Notes	2022 'Z	2021f
	Other taxation and social security						12,568	24,350
	Deferred income					19	1,942,585	1,385,580
	Trade creditors						159,928	127,248
	Other creditors						4,850	391
	Accruals and deferred		income				15,971	35,224
							2,135,902	1,572,793
18	Creditors: amounts		falling	due after more than one	year
							2022	2021
						Notes
	Deferred income					19	107,225	88,020
19	Deferred income
							2022	2021
	Arising from fees in advance						2,049,810	1,473,600
	Deferred income is included			in the financial statements	as follows:
							2022	2021
							6	6
	Deferred income is included			within:
	Current liabilities						1,942,585	1,385,580
	Non-current liabilities						107,225	88,020
							2,049,810	1,473,600
	Movements in the year:
	Deferred income at 1		March	2021			1,473,600	1,341,695
	Released from previous periods						(1,385,580)	(1,341,695)
	Resources deferred	in the year					1,961,790	1,473,600
	Deferred income at 28 February 2022						2,049,810	1,473,600

			Balance at	Revaluations,	Balance at	Revaluations,	Balance at
			1 March	gains and	1 March	gains and	20 February
			2020	losses	2021	losses	2022
			f.	b			6
Investment	revaluation	reserve	147,048	3,298	148,846	(91,443)	57,403
			147,048	3,298	148,846	(91,443)	57,403

											2022	2021
												6
	Within one year										25,024	9,559
	Between two and five years										57,528	23,457
	In over five years											571
											82,552	33,587
	The operating leases represents		the lease		of property		and	rental of equipment		to third	parties. The leases are
	negotiated over terms ofvarious years and				rentals are		agreed		in the terms.
22	Related party transactions
	There were no disclosable related			party transactions		during		the year (2021 - none).
23	Cash generated from operations										2022	2021
												6
	(Deficit)/surpus for the year										(74,501)	22,023
	Adjustments for:
	Investment income recognised	in	statement		offinancial		activities				(17,296)	(26,617)
	Gain on disposal of investments										(915)	(940)
	Fair value gains and losses on	investments									(27,307)	(6,239)
	Depreciation and impairment oftangible fixed assets										48,217	30,655
	Movements in working capital:
	(Increase)/decrease in stocks										(979)	6,234
	Decrease/(increase) in debtors										67,403	(211,374)
	Increase in creditors										6,104	71,691
	Increase in deferred income										576,210	131,905
	Cash generated from operations										576,936	17,338
24	Analysis ofchanges in net funds
	The charity had no debt during	the		year.