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 

1 



## **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. 

2 



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. 

3 



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Trustees, Annual Report (Incorporating th¢ Director's Report)
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## 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. 

6 



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¢Dd￿g31 D¢c¢mbet?021 the¢hrriryvnseniitledw¢xempuonfriohaudirundersection477oftheCompantes
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Mrs C Ge4ge
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NuDJber. 07871488
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## **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. 

8 



## **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. 

9 



## 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|`20`21|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|`20`21|Funds|2020|
|||**GBP**|GBP|GBP.|GBP|
||Trip income|-|-|-|-|
|||-|-|-|-|
|7.|Other trading activities|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`21|Funds|2020|
|||**GBP**|GBP|GBP|GBP|
||Other Trading Income|-|-|-|-|
|||-|-|-|-|
|8.|Investment income|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`21|Funds|2020|
|||GBP|GBP|GBP|GBP|
||Bank interest receivable|-|-|-|-|
|||-|-|-|-|
|9.|Expenditure on raising funds|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`21|Funds|2020|
|||GBP|GBP|GBP|GBP|
||Fundraising Projects|-|-|240|240|
|||-|-|240|240|



10 



## Dental Mavericks 

## Company Limited by Guarantee 

## Notes to the Financial Statements _(continued)_ 

## Year ended 31 December 2021 

10. 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<br>Printing, postage & stationery|21,401<br>-|-<br>21,401|8,410<br>376|8,410<br>376|
|Computer costs|-|-|63|63|
|Travel and subsistence|4,323|4,323|6,125|6  ,125|
|Donations<br>Administration costs|1,269<br>-|1,269<br>-|398<br>-|398<br>-|
|Sundry expenses<br>Website and advertising|2,472<br>-|2,472<br>-|5,209<br>240|5,209<br>240|
|Bank charges|214|214|3  15|315|
|Independent examiners fee<br>Telephone and internet|1,500<br>253|1,500<br>253|1,500<br>204|1,500<br>204|
||39,589|39,589|32,895|32,895|



11. 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<br>Telephone and internet||1,500<br>253|1,500<br>253|1,500<br>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). 

11 



14. Key management personnel and Trustee remuneration and expenses. 

No remuneration was paid to trustees during the year or previous year. 

15. Creditors: amounts falling due within one year 

|Accruals<br>16.<br>Analysis of charitable funds<br>Unrestricted funds<br>At 1 January<br>2021<br>GBP<br>Designated funds<br>19,484<br>General funds<br>15,498<br>34,982|Income<br>Expenditure<br>GBP<br>GBP<br> <br>55,087<br>(39,589)<br>55,087<br>(39,589)|2021<br>GBP<br>1,500<br>2020<br>GBP<br>1,500<br>1,500<br>1,500<br>At<br>31December<br>Transfers<br>2020<br>GBP<br>GBP<br> 28,049<br>(8,565)<br>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). 

12