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| ## ## ## |7|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|auditor and associates:|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.|||||||||