COMPANY REGISTRATION NUMBER: 07871488 CHARITY REGISTRATION NUMBER: 1145872
## Dental Mavericks
Company Limited by Guarantee
Financial Statements
31st December 2022
## **Dental Mavericks**
## **Company Limited by Guarantee**
## **Financial Statements**
**Year ended 31 December 2022**
||**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 2022
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 2022
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 Ms C Gedge Mr C Branfield Mr R Howarth Ms M Reid
Independent examiner
Paul F Pattison. B.Sc. (Econ.) FCMA CGMA Independent Finance Professional. Finca Los Madro ñ os, Apdo 202. Correos. Coin. Malaga. Spain.
1
## **Trustee Report 2022**
**We managed our first trip in 2022 and** _**recently went out to the Rif Mountains in October for a week, with 2 dentists, 1 hygienist and 5 dental nurses. We reached over 1,800 children with Oral Hygiene education, and took 445 of those out of dental pain.**_
_**Dental Mavericks (DM) is a charitable dental relief organisation registered in the United Kingdom with ongoing operations in Morocco, supporting vulnerable communities. Since 2010, the central mandate of Dental Mavericks has focused on promoting oral hygiene education and practice, and more broadly, making dental care accessible to vulnerable populations.**_
_**Our priority is to address root causes and take people out of dental pain. Dental Mavericks also participates in cutting-edge medical research in collaboration with leading dental institutions. In all areas of Dental Mavericks activities, we champion an ethos of high-quality care that is patient-led and dignified.**_
_**Our Core Programmes Form The Basis For This Mission:**_
- _**Volunteer programme**_
- _**Outreach programme**_
- _**DM Clinics programme**_
_**In 2022 we have been working on the 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries – developed and developing – in a global partnership.**_
_**They recognise that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.**_
_**Oral health of refugees and vulnerable communities is an essential part of the general health and is promoted by Dental Mavericks through the following SDG goals.**_
## **Dental Mavericks**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _(continued)_
## **Year ended 31st December 2022**
## **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:
Ms C Gedge
Mr C Branfield Mr R Howarth Ms M Reid
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
## **Dental Mavericks**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _(continued)_
## **Year ended 31st December 2022**
## **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 (2021– GBP 55,087 ), with expenditure of GBP 39,589 (2020– GBP 39,589), leaving a net surplus for the year of GBP 15,498 (2021: aurplus of GBP 15,498).
## **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 2022 stood at GBP 34,982 (2021 GBP 34,982) 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
Dental Mavericks
Company Limited byGuardntee
TTU5tecs' Annual Report (IncOOratIng the Directorfs Report
Year ended 31 Dernber 2022
Tnes, tespons1TrJlliu
financsa] staltm¢nts in*Corda[ with applicable lawaThJUnitcd Kin8&JrnA(rountin8 StyDdud5 (United KiD8&x
CKr4521y Ac¢ycd Aceowttyg Pi{Cl
Comwyi4wre4uirts the¢h*ttym151cestoprtP2rt f*111mmforeXknyeaTWhiChpItII[pXlWY1eVOfth¢
5ta*ofatTh1QrthecblJibleCQmtonYlÈtheICOrnEDaIcUtt$ aDd•toiic*ioD ortrjrCS. indudÉDstht tr*£Illd
. sdccl lIable C¢xJtsgldth¥ppiYth ¢£1y.
- obs¢rycth¢m¢rhoh*Alpwpl¢siLd*ar•Ji¢aN¢Cti*itie5SORP.
ryjl ¢rotinue io business.
ttsn$2ctioDS aThJ disclose*1 rEwnable ai iirrc r#lSitiOty oftseFArity8th1 enabl¢ io ensure
the #atrments comply with th¢ Comwi¢¢s Ad 25. 7bry arE aJ50 respDn5ibl¢ for safrgllllrding thc)>%ets of
SJUJI cojwy prDViSiQ
Ms C G¢dge
Scanned with Camscanner
##
##
##
##
## Dental Mavericks
Company Limited by Guarantee
## Statement of Financial Activities
(including income and expenditure account)
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
6
Sthtement ofFinancial
P05itson 3 1st December 2022
2021
GBP
Currenia5S¢tI
Cathat
47.824
35925
47124
35,925
cTed1W •mounts fAllitigdu¢withlD oneyur
Net ¢urreni •ssets
15
{1.3th))
46J24
(1))
34.425
46,324
34.425
&ssets
Funds ofthe chari
Unrestricted filllds
D¢sigtsated
46J24
34.425
Tothl chari
funds
46J24
34.425
Fo*th¢Year]in83IDeCeMÈ¢r2O22thCdWw&$e0t1l[&IeX£Wfillall¢uttdetsedloD4770(theC0r8nI
A¥i2(MN6rc]atingtosnaDwmpani
x¢0rdar*¢*ithsrtti41o.
. The dÉr¢¢tor$8cknowbJgetheirresponsibi]itic5f0rcomptymg4thCIutTts[1 thcAct*lthrespethto
Th¢ fjDafKialstat¢]witshavcbECllWCFqrcd inxcoffdarKewithtbeprnVisionsaFf&abktO(OTwie5bj.edthCsrnoll
Fdfofth¢iwdby:
CompaoyRegisit8tioDNuME.l17&1I488
12fiTh F4rtof these finwl87 sthiements
Scanned with Camscanner
## **Notes to the Financial Statements Year ended 31 December 2022**
## **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 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 2022**
**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 2022
|5.|Donations and legacies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`22|Funds|2021|
|||**GBP**|GBP|**GBP**|**GBP**|
||Donations and gifts|33,571|33,571|55,087|55,087|
|||33,571|33,571|55,087|55,087|
|6.|Charitable activities|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`22|Funds|2021|
|||**GBP**|GBP|GBP.|GBP|
||Trip income|-|-|-|-|
|||-|-|-|-|
|7.|Other trading activities|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`22|Funds|2021|
|||**GBP**|GBP|GBP|GBP|
||Other Trading Income|-|-|-|-|
|||-|-|-|-|
|8.|Investment income|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`22|Funds|2021|
|||GBP|GBP|GBP|GBP|
||Bank interest receivable|-|-|-|-|
|||-|-|-|-|
|9.|Expenditure on raising funds|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|`20`22|Funds|2021|
|||GBP|GBP|GBP|GBP|
||Fundraising Projects|-|-|-|-|
|||-|-|-|-|
10
## Dental Mavericks
## Company Limited by Guarantee
## Notes to the Financial Statements _(continued)_
## Year ended 31 December 2022
10. Expenditure on charitable activities by fund type
|10.|Expenditure on charitable activities b|y fund type||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|||GBP|GBP|GBP|GBP|
||Staff Costs|562|562|8,157|8,157|
||Dental Equipment
Printing, postage & stationery|19,357
-|-
19,357|21,401
-|21,401
-|
||Computer costs|-|-|-|-|
||Travel and subsistence
Donations|||4,323
1,269|4,323
1,269|
||Administration costs|-|-|-|-|
||Sundry expenses|||2,472|2,472|
||Website and advertising|-|-|-|-|
||Bank charges|130|130|214|214|
||Independent examiners fee
Telephone and internet|1,500
123|1,500
123|1,500
253|1,500
253|
|||21,672|21,672|39,589|39,589|
|11.|Expenditure on charitable activities by activity type|||||
|||Grant funding of||Total funds|Total funds|
|||activities|Support costs|2022|2021|
||Staff Costs|562|-|562|8,157|
||Dental Equipment
Printing, postage & stationery|19,357
-|-
-|19,357
-|21,401
-|
||Computer costs
Travel and subsistence|-
-|-
-|-
-|-
4,323|
||Donations|-|-||1,269|
||Administration costs|-|-|-||
||Sundry expenses|-|-|-|2,472|
||Website and advertising
Bank charges|-|130|-
130|-
214|
||Independent examiners fee
Telephone and internet|-
-|1,500
123|1,500
123|1,500
253|
|||19,919|1,753|21,672|39,589|
|12.|Analysis of support costs|||||
||||Support costs|Tota1 2022|Total 2021|
||||GBP|GBP|GBP|
||Governance costs|||||
||Independent examiners fee
Bookkeeping fees||1,500
-|1,500
-|1,500
-|
||Other accountancy fees||-|-|-|
||Other support costs||253|253|467|
||||1,753|1,753|1,967|
## 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 (2021: Nil).
Staff Costs include all associated overheads.
No employee received employee benefits of more than £60,000 during the year (2021: £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
16.
Analysis of charitable funds
Unrestricted funds
At 1 January
2022
GBP
Designated funds
19,484
General funds
14,941
34,425||Income
Expenditure
GBP
GBP
33,571
(21,672)
33,571
(21,672)|2022
GBP
1,500
2021
GBP
1,500
1,500
1,500
At
31December
Transfers
2022
GBP
GBP
19,484
26,840
46,324|
|---|---|---|---|
|||||
Designated funds are held to ensure the continuation of services whilst efforts are made to raise funds.
All funds in 2022 were unrestricted.
## 17. Analysis of net assets between funds
|Analysis of net assets between funds||||
|---|---|---|---|
||Unrestricted|Total Funds|Total Funds|
||Funds|2022|2021|
||GBP|GBP|GBP|
|Current assets|47,824|47,824|35,925|
|Creditors less than 1 year|(1,500)|(1,500)|(1,500)|
|Net assets|46,324|46,324|34,425|
All funds in 2022 and 2021 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