COMPANY REGISTRATION NUMBER: 07871488 CHARITY REGISTRATION NUMBER: 1145872
Dental Mavericks
Company Limited by Guarantee
Financial Statements
31st December 2021
Dental Mavericks
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2021
| Pages | |
|---|---|
| Members of the Board and Professional Advisers | 1 |
| Trustees' annual report (incorporating the director's report) | 2 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 to 12 |
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31st December 2021
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31st December 2021
Reference and administrative details
Registered charity name Dental Mavericks Charity registration number 1145872 Company registration number 07871488 Principal office and registered 33 Frank Parkinson Court office Guiseley Leeds England LS20 9EY The trustees Mrs C Gedge Mr C Branfield Mr R Howarth Ms M Reid Mr Gautam Sharma Appointed 30th March 2021 Mrs Gill Bird Appointed 30th March 2021
Independent examiner
Paul F Pattison. B.Sc. (Econ.) FCMA CGMA Independent Finance Professional. Finca Los Madro ñ os, Apdo 202. Correos. Coin. Malaga. Spain. 29100
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Dental Mavericks
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31st December 2021
Structure, governance and management
The charity is a company limited by guarantee, incorporated on 5 December 2011 and registered as a charity on 13 February 2012, it is governed by its memorandum and articles of association.
The Trustees, who are also directors for the purpose of company law, and who served during the year were:
Mrs C Gedge
Mr C Branfield
Mr R Howarth Ms M Reid
Mr Gautam Sharma
Mrs Gill Bird
Trustees are chosen for the help and service to move forward projects for Dental Mavericks.
They have general understanding of dentistry as a whole and will have visited Morocco at least once with Dental Mavericks. They are chosen and supported by the existing Trustees of the charity.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute GBP 1 in the event of winding up.
Indemnity insurance has not been taken out in the year, each of the volunteers arranges their own insurance.
Objectives and activities
The Charity's objects are to promote, encourage, organise and develop good dental health and education thereof, including the direct provision of dentistry, to third world populations with particular direction towards children in North Africa and Lebanon.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
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In line with the mission of DM, and in an effort to provide relief to those most in need of dental services, the Lebanon office of DM continues the project called “Emergency Dental Clinic in Beirut” as a collaboration with private dental clinics in Beirut.
In 2021, we used a monitoring system that enables us to keep the monthly budget for the clinics under 2000$ every month. In the period between July and December 2021 we were funded by the Caritas Poland project with a monthly sponsorship program. The funding from Jul- Dec was mainly from Caritas Poland only on an average of 2000$ per month. That way we were able to grant the running of the Emergency Clinic until the end of the year. The amount spent on treatments between January and June 2021 was 11351$ this phase was funded by Dental Mavericks.
On the other hand an amount of 12000$ was spent on treatments between July and December 2021 and it was funded by Caritas Poland. Thus the amount spent on treatments in 2021 sums up to 23351 $.
The cost/procedure indicator included all the resources used per procedure. Dental Mavericks pays the cost of dental supplies and personal protective equipment for all the treatments, lab costs and the cost of panoramic x-rays if needed and the dentists work with a small consultation fee. The average result in 2021 was 19$ per appointment compared to 20$ in 2020.
We were able to secure 1241 appointments between January and December 2021 (1979 since the beginning of the project), an average of 108 appointments per month. The total number of project beneficiaries is 595, monthly average of 53 patients seen every month. In total we registered 904 patients since the beginning of the project and the number would have been much higher if we hadn’t closed the registration several times as we were not able to process all the calls that we were receiving.
With the current economic situation in the country, we are expecting that the number of people reaching out to us will keep growing. For the fourth phase of the project (Jan-Jun 2022), we aim to spend 2000$/month directly on the treatments that would cover 100 appointments/month. The patient satisfaction rate in all categories was between 92% (the lowest score for pain) and 100%. We maintained the rates from Phase 1 and 2 of the project and aim to keep it above 90% in all categories. We will continue collecting monthly feedback from beneficiaries that provides us with inputs and comments about our services and helps better serve the community
The results and goals attained during the year were satisfactory and give us confidence to set new goals for the future. With more families being pushed below the poverty line, and the government’s inability to cover dental care, there is a pressing need for organizations like Dental Mavericks to provide relief in that area, especially for children.
Dental Mavericks
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31st December 2021
Public Benefit
Section 4 of the Charities Act 2006 requires the Trustee Board to comply with their duty to have due regard to the public benefit guidance published by the Charity Commission in exercising their powers or duties.
The Trustee Board has reviewed the organisation's vision, mission and key objectives in the context of its charitable purposes and considers that they meet the two key principles of public benefit as identified by the Charity Commission:
-
there must be an identifiable benefit or benefits
-
benefit must be to the public, or section of the public
The Trustee Board reviews all work undertaken by Dental Mavericks to ensure that it is in line with the key objectives and hence it is deemed to be for the public benefit according to the Charity Commission guidance.
Financial review
Income for the year amounted to GBP 55,087 (2020– GBP 24,330 ), with expenditure of GBP 39,589 (2020– GBP 32,895), leaving a net surplus for the year of GBP 15,498 (2020: deficit of GBP 8,565).
Reserves Policy
The Trustees have a reserve policy to set aside reserves equal to 10% of all income. Reserves are held to ensure continuation of the services provided until further funds can be raised. Reserves at 31 December 2021 stood at GBP 34,982 (2020 GBP 19,460) which is in excess of this target.
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
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Dental Mavericks Company Limited by Guaranlee Trustees, Annual Report (Incorporating th¢ Director's Report) Year ended 31 December 2021 Truste¢5' Tespollsibilirie5 Stai¢metht The1nle¢s, arealsodirec1orsforEh¢pUry of£otllP8Dylaw. areTestM>n5ibl¢ forprepartng thetrusttts, report andthe financial staiem¢nts in accordanc¢ applicabl¢ law al Lttiied Kingdom Accouniittg Sthndards IUnii¢d Kingdom GtrallY Attept¢d Acco[8 Pr¥uc¢l. Company tATh'requires the chariry thLSt¢¢s toprepare fitwjcial statements forexhycar which give atrue and fairvi of the staieofaffairs ofthe charitsNe cotnpany a1 theincoming resouTC¢S and applicaith ofTesource& lljcluding the iDcome and e%nd1"1re.f0rfba1lCXt In PTepaTingthts¢ finaJK]2151atlthetru$¢5artrtqlltrtdkn: 8el¢cl suiuble aceountingw)ii¢iesandthenapply thcm ¢011v. observethe Jnethods&¥Jwiticipl¢s illthcapplicabl¢ ChariiLes SORP. makc judgmettts3ndaccouniinges¢i]nai¢s thai are reasollable adpIdent prepgre the finattcial star¢mthts on going ¢t[n basi5 unjtss ti is inappropriatr to the ehartty will ¢oniJnue ill trxtsin¢55. The tNsi¢es areiesponsible forkttpinB equalt actounringrecord8th&taTeSuffJcieni w sbowandexplainth¢ chanty's traA%aciions a])d disclose Imth r¢asonable accw ai any finwK¥al I]lion ofthe ¢harity and enable them to ¢nsure that the fitwcial 5taknts comply the Companies Aei 2(X*. They are 3]so responsible for safeguardin8 ihe a%ets o( the chariiy and henc¢ for iakitig Te350Dable Steps forth¢ preveniioD and delOn of fr4wJ and otheT irregulariues. Sm211 cottwally provisioLs This reporthasbeenprepared in aCctrdanWtththeprosions aA)litabl¢to compaMtsentiti¢d to the small company s exetnption. TheMLss'annllaIrep0rtWaSaPprOvedOn 22tLd Febnjary 2022 and si8ts&1 on half of the bo1 of In¢5 by., Mrs C Gedge
llldependent Eiaminer's Report to the Trns¢ees of Dental Mavericks Yegr eDdtd 31 December 2021 I rewrt to th¢ tharity tnjsttts on Iny ex3mitiation of the acc0th olthe cotrtprty for the ycar ¢Th] 31 Ikcemb¢T 2021 whi¢h Sei out onpc5 6t0 11 This report ma¢k wlely the chovitabl¢ cornpaJry¥ tn]st as a b(Kty. in IfrdanCe Chapter 3 ofp¥rt 16 of the Companies Aet 2006 and ihe c]Ltable CODJpats5 ttuees as a th)dy Jn accordaLee w¥th s¢uion 154 of the Chariiies Art 2011. My ItePendent WOTk h&% been undertakett so thar I mi8bt srAt¢ TO the cbarlthble tompany's ttuswes those matter5 T reqllired io stste to thcm in arl exominces tEPOrt aDd for TLO purrx)se. To the fijllest e¥¢¢nl permittcd by law, I do not accept or agswne responsibility EO anyott othrr than the ¢haritsblc c4Jmpany. the charitsble ¢ompaDls mem1[5 as a bY aryt Ihe cha¥itsbk COTnpaDls trusttts $ a b(Kiy for my Jndcpcndcjjt ¢xaJnLncrfs work, for this rew)¢ or for the opinions I hBvc fomxd. Respomslbllltles ADd basis of report As the ehatitys thLsrees of the Corpany I ajsk its direetOTS for the rAUtA)Sts uf rowJny lawl you are responsible forthe ptrpardliorl ¥rcounts in accotd15Ke with th¢ llerents of the C4>fDpaDies Aci 2(X)6 fthe 2006 A¢t'l. Havlljg 1sfIed mys¢lf ¢h the accr of the CoDyThy aye required to be auditrd under P¥n 16 of the 2fY)6 Act aDd a eliwble for independ¢nT ¢xamuJatiots. I reEMKt ij) of my c17tIl of your clwitys accourlts as Caled out utydeT se]n 145 of the ChaTlties Ati 2011 Cthe 2011 kn'l. In £tiryti# out my eXAmiiiaknon I have (ollowed the DirectiOJL< 8]v¢n by the Charity Comrnissioo seuion 145151 Ibl of the 2011 ALt IDdtpendeDt tAiiiittr'J JtsttDi I have wtllpleted my ¢xamiDatioJ). I confjrm thot Jjts thJtters have io m). auelltton ill connectioty WTth the &YminatioD giving me tau kn believ¢." accouniing records were kept ij) tEspect oftte Co1npY &8r¢quiTEd by sectioti 380 ofthe 2[ A¢L ot the accouDt$ do not accotd With IlK)5e records: OT the a0t5 do noi comply with the actowiullg of sedioll 396 of the 21M)6 Act other th8)) any Tequir¢meui that th¢ glve * al fair view which is not a tllatter considered J5 part of An itLdrpElldeni ¢xa]nLDaiioll.' ot the accounts have ttot bE¢D prepared in cOrdance with the methods aDd principles of the Ststemenl of R¢¢omtnended Practire for accountiih8 alld rewjnitig by cbariiies applicable cbariii¢5 preparinÈ th¢iT accounts iti %¢ordancewitb theFirLaDciail Repotting Stan¢knrdapplicable in th¢UK andRepubli¢of ITeiaJ)dlFRS 1021. I have cotsc¢rDs dyawn in this r C C( XTOSS DO other mallets irl cOtW)r with exatDinth) to whicb should be to cllable 4prnpeT UDdtr$7*ndiDg of th¢ to be Y¢a¢lKd. irtOT Paul F Pattison B.Sc. IE¢on.l FCMA CGMA Indcptndeni Finance PTofesSiODai FiJKa L05 Mathofio& Apjo 201 Cortros. Coin. MalA8t291LM) Spairj. Daied". 2 F¢bnwy 2022
Dental Mavericks
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
31December 2021
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Statement of Financial Position 3 Isi December 2021 2020 2020 GBP GBP Cutr¢nt&sseis Cash at bank and in hand 36,482 20.984 36,482 20.984 Creditors", omounts lallit)g dtse within oney¢ar Net ¢urr¢nt asscts 15 { 1,500) 34,9R2 {1,500) 19,484 34,982 19,484 Net assets Fund$ ofihe chari Unrestrict¢d funds Designated fvnds Generdlwjrestricted fimds 34,982 Totsl chari funds 34,982 19,484 F0rtheyear¢Ddg31 D¢c¢mbet?021 the¢hrriryvnseniitledw¢xempuonfriohaudirundersection477oftheCompantes Act26re1afLn8$lcoMPaitS. DJ"rettoTS' r¢5ponsibilitie&" ThemeberS haTrr Dtev][cdthe ¢oMp8J)ytoobta1D auditof tsfinI[KlaltO1ttrt$ foTtheyearithqu¢5tiorL accordarttewth secti0rt476. The direct0rsacknowl¢dgeth¢rrTe5rmS[b11itiCSf0rcOmp1y1gvththCre9Ui¢1n¢nts of theAciwithrespectto accountingrccords and thepryaraiion orr1ELrI?ll Stak1etsts. Tbes¢ financial stale]Mbavebeellprepared inattothnc¢&iththeprovi5ion5 applieable to wmpaDJ4S sllbjt¢ttothesrMII comp8nies,rcw. The5¢ financjal statetn¢nts were aWroVy thelxlard of1r¢aDdathrLzd f(KIsso 22nd Febnw 2022 andare Signed on behalfoftheErt)ardby'. Mrs C Ge4ge Company e8iS NuDJber. 07871488 Thenoiesonpages8to l?fonn partof these finaDcial StsteMets
Notes to the Financial Statements Year ended 31 December 2021
l. General information
The charity is a private limited company by guarantee (no. 07871488), registered in England and Wales and a registered charity in England and Wales (no. 1145872). The address of the registered office is 33 Frank Parkinson Court, Guisley, Leeds, England, LS20 9EY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Dental Mavericks meets the definition of a public benefit entity under FRS 102.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgment and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured.
Resources expended
All resources expended are included in the statement of financial activities on an accruals basis and include attributable VAT which cannot be recovered.
Costs of raising funds are those costs incurred in relation directly in the pursuit fundraising activities.
Costs of charitable activities comprise all costs directly attributable to and in support of the charitable objects.
Tangible assets
Individual asset costing GBP 5,000 or more are capitalised at historical cost. Items below this level are consumables and are expensed in the period incurred.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The company is limited by guarantee to a value not exceeding GBP 1 per member.
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Dental Mavericks
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
| 5. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 |
Funds | 2020 | ||
| GBP | GBP | GBP | GBP | ||
| Donations and gifts | 55,087 | 55,087 | 24,330 | 24,330 | |
| 55,087 | 55,087 | 24,330 | 24,330 | ||
| 6. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 |
Funds | 2020 | ||
| GBP | GBP | GBP. | GBP | ||
| Trip income | - | - | - | - | |
| - | - | - | - | ||
| 7. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 |
Funds | 2020 | ||
| GBP | GBP | GBP | GBP | ||
| Other Trading Income | - | - | - | - | |
| - | - | - | - | ||
| 8. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 |
Funds | 2020 | ||
| GBP | GBP | GBP | GBP | ||
| Bank interest receivable | - | - | - | - | |
| - | - | - | - | ||
| 9. | Expenditure on raising funds | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 |
Funds | 2020 | ||
| GBP | GBP | GBP | GBP | ||
| Fundraising Projects | - | - | 240 | 240 | |
| - | - | 240 | 240 |
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Dental Mavericks
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
- Expenditure on charitable activities by fund type
| Expenditure on charitable activities by | fund type | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| GBP | GBP | GBP | GBP | |
| Staff Costs | 8,157 | 8,157 | 10,055 | 10,055 |
| Medical Expenses Printing, postage & stationery |
21,401 - |
- 21,401 |
8,410 376 |
8,410 376 |
| Computer costs | - | - | 63 | 63 |
| Travel and subsistence | 4,323 | 4,323 | 6,125 | 6 ,125 |
| Donations Administration costs |
1,269 - |
1,269 - |
398 - |
398 - |
| Sundry expenses Website and advertising |
2,472 - |
2,472 - |
5,209 240 |
5,209 240 |
| Bank charges | 214 | 214 | 3 15 | 315 |
| Independent examiners fee Telephone and internet |
1,500 253 |
1,500 253 |
1,500 204 |
1,500 204 |
| 39,589 | 39,589 | 32,895 | 32,895 |
- Expenditure on charitable activities by activity type
| Grant funding of | Total funds | Total funds | ||
|---|---|---|---|---|
| activities | Support costs | 2021 | 2020 | |
| Staff Costs | 8,157 | 8,157 | 10,055 | |
| Medical Expenses | 21,401 | 21,401 | 8,410 | |
| Printing, postage & stationery | - | - | 376 | |
| Computer costs | - | - | 63 | |
| Travel and subsistence | 4,323 | 4,323 | 6,125 | |
| Donations | 1,269 | - | 1,269 | - |
| Administration costs | - | - | - | 398 |
| Sundry expenses | 2,472 | 2,472 | 5,209 | |
| Website and advertising | - | - | 240 | |
| Bank charges | 214 | 214 | 315 | |
| Independent examiners fee Telephone and internet |
1,500 253 |
1,500 253 |
1,500 204 |
|
| 37,622 | 1,967 | 39,589 | 32,895 | |
| Analysis of support costs | ||||
| Support costs | Tota1 2021 | Total 2020 | ||
| GBP | GBP | GBP | ||
| Governance costs | ||||
| Independent examiners fee | 1,500 | 1,500 | 1,500 | |
| Bookkeeping fees | - | - | - | |
| Other accountancy fees | - | - | - | |
| Other support costs | 467 | 467 | 1,258 | |
| 1,967 | 1,967 | 2,758 |
12. Analysis of support costs
13. Staff costs
No salaries or wages have been paid to members of the committee during the year.
The average head count of employees during the year was 1 (2020: Nil).
Staff Costs include all associated overheads.
No employee received employee benefits of more than £60,000 during the year (2020: £60,000).
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- Key management personnel and Trustee remuneration and expenses.
No remuneration was paid to trustees during the year or previous year.
- Creditors: amounts falling due within one year
| Accruals 16. Analysis of charitable funds Unrestricted funds At 1 January 2021 GBP Designated funds 19,484 General funds 15,498 34,982 |
Income Expenditure GBP GBP 55,087 (39,589) 55,087 (39,589) |
2021 GBP 1,500 2020 GBP 1,500 1,500 1,500 At 31December Transfers 2020 GBP GBP 28,049 (8,565) 19,484 |
|---|---|---|
Designated funds are held to ensure the continuation of services whilst efforts are made to raise funds.
All funds in 2021 were unrestricted.
17. Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2021 | 2020 | |
| GBP | GBP | GBP | |
| Current assets | 36,482 | 36,482 | 20,984 |
| Creditors less than 1 year | (1,500) | (1,500) | (1,500) |
| Net assets | 34,982 | 34,982 | 19,484 |
All funds in 2021 and 2020 were unrestricted.
18. Related parties
The charity was under the control of the trustees throughout the current and previous year.
There were no transactions with related parties during the year (2020 - Nil).
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