## **THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY**
## **Charity No. 1165783**
**Trustees' Report and Unaudited Accounts**
**01 April 2022**
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY CONTENTS**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Statement of Financial Activities|4|
|Balance Sheet|5 to 5|
|Statement of Cash flows|6|
|Notes to the Accounts|7 to 11|
|Detailed Statement of Financial Activities|12|
Page 1
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY TRUSTEES ANNUAL REPORT**
The Trustees present their report with the unaudited financial statements of the charity for the year ended 1 April 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1165783**
## **Principal Office**
6 Commodore Close Woodford SK7 1SP
## **Trustees**
The following Trustees served during the year:
M.M. AL-CHIHABI
S. ALJUNDI
- O. EL SHAHAWY
- H. NAZZAL
## **Key Management Personnel**
Chief Executive Officer
Prof Suhad Al-Jundi
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document are to relieve poor oral health amongst children in the region by providing or assisting in the provision of dental services, in particular education and advanced training for dental professionals and by carrying out or promoting research; to preserve and protect the oral health of the children in the region by providing or assisting in the provision of training and education; to advance the education of the public in the region and elsewhere in oral health care for children by providing and disseminating information and practical advice.
The main activities undertaken were to further the charity's purposes for the public benefit and it is confirmed that the trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement.
Page 2
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY TRUSTEES ANNUAL REPORT**
## **ACHIEVEMENTS AND PERFORMANCE**
Due to the COVID 19 pandemic, the Academy was unable to hold its regular congress or any other activities. Therefore, the main congress has been postponed until February 2023. In the meanwhile, the academy has collaborated with reginal societies in delivering online lectures.
## **FINANCIAL REVIEW**
The Charity had a good surplus at the year end.
## **PLANS FOR FUTURE PERIODS**
The charity's plans for the future include furthering its aims and objectives. They plan to carry on their charitable activities and hold functions, congresses and events in the future to help them achieve this.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity is a Charitable Incorporated Organisation (CIO); association registered on 26 February 2016, as amended on 1 July 2016.
The Charity is managed collectively by the trustees. Prof Suhad Al-Jundi is Chairperson. New trustees are recruited / elected via personal contacts and recommendations - they normally have something to offer to the Charity; they are proposed and seconded at Trustees meetings. The trustees are skilled professionals.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Mamdouh Al Chihabi
Trustee & Treasurer
Page 3
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 1 April 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
**Total**
**Expenditure on:**
Other
5
**Total**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**Total funds**
**Total funds**
**2022**
**2022**
**2021**
**£**
**£**
**£**
-
-
-
650.83
650.83
-|
|---|---|
||-
-
-
860.46
860.46
178.37|
||178.37
-
-
-|
||(209.63)
(178.37)|
||(209.63)
(178.37)|
||(209.63)
(178.37)
11,429.43
11,607.8|
||11,219.8
11,219.8
11,429,43|
Page 4
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY BALANCE SHEET**
## **at 1 April 2022**
|**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY **
**BALANCE SHEET**
**at 1 April 2022**|||
|---|---|---|
|**Charity No. 1165783**
**Current assets**
Debtors
7
Cash at bank and in hand
**Creditors:**Amount falling due within one year
8
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
9
**Unrestricted funds**
General funds
9
**Reserves**
9
**Total funds**|**2022**
**£**
-
11,219.8
11,219.8
-
11,219.8
11,219.8
11,219.8
11,219.8
11,219.8
11,219.8|**2021**
**£**
-
11,429.43|
|||11,429.43
-|
|||11,429.43
11,429.43|
|||11,429.43|
|||11,429.43|
|||11,429.43|
|||11,429.43|
|||11,429.43|
Approved by the trustees on 23 December 2022
And signed on their behalf by:
Mamdouh Al Chihabi
Trustee & Treasurer 23 December 2022
Page 5
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY STATEMENT OF CASH FLOWS**
**for the year ended 1 April 2022**
|**Cash flows from operating activities**
**Net (expenditure)/income per Statement of Financial Activities**
**Adjustments for:**
Decrease in trade and other receivables
(Decrease)/Increase in trade and other payables
**Net cash provided by operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2022**
**£**
(209.63)
11,429.43
-
11,219.8
-
-
11,219.8
-
11,219.8
11,219.8
11,219.8|**2021**
**£**
(178.37)
11,607.8
-|
|---|---|---|
|||11429.43|
|||-|
||||
|||-|
|||11429.43
-|
|||11429.43|
|||11429.43|
|||11429.43|
Page 6
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS**
**for the year ended 1 April 2022**
- 1 **Accounting policies**
## **Basis ofpreparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income withrelated Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation offixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particularactivity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Freehold investment property**
Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activities. No depreciation is provided in respect of investment properties.
## **Intangible fixed assets and amortisation**
Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discountsdue.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cashmanagement.
Page 8
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a financelease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Page 9
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**|||
|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
4
**Income from charitable activities**|**Unrestricted**
**funds**
**2021**
**£**
-
-
-
178.37
178.37
-
(178.37)
(178.37)
11429.43
11429.43
**Total**
**2022**
**£**
-
-
**Total**
**2022**
**£**
650.83
650.83|**Total funds**
**2021**
**£**
-
-|
|||-
178.37|
|||178.37|
|||-|
|||(178.37)|
|||(178.37)
11429.43|
|||11429.43|
|||**Total**
**2021**
**£**
-|
|||-|
|||**Total**
**2021**
**£**
-|
|||-|
Page 10
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS**
|5|**Other expenditure**||||||
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Total**||
**Total**||
||||**2022**||**2021**||
|||**£**||**£**|**£**||
||Motor and travel costs|-|-||-||
||General administrative and conference costs|-|-||-||
||Legal and professional costs|-|-||-||
|||-|-||-||
|6|**Staff costs**||||||
||No employee received emoluments in excess of £60,000.||||||
|7|**Debtors**||||||
|||**2022**|||**2021**||
|||**£**|||**£**||
||Other debtors|-|||-||
|||-|||-||
|8|**Creditors:**||||||
||amounts falling due within one year||||||
|||**2022**|||**2021**||
|||**£**|||**£**||
||Accruals and deferred income|-|||-||
||||||-||
|||-|
**Incoming**||||
|9|**Movement in funds**||**resources**||||
||||**(including**|**Resources**||**At 1 April**|
||||**other**|**expended**||**2022**|
||||**gains/losses**||||
|||**At 2 April**|**)**||||
|||**2021**|**£**||**£**|**£**|
||**Restricted funds:**||||||
||**Unrestricted funds:**||||||
||**General funds**|11,429.33|-||(860.46)|11,219,8|
||**Revaluation Reserves:**||||||
||**Total funds**|11,429.33
|-||(860.46)||
|10|**Analysis of net assets between funds**||||||
|||||**Unrestricted**|||
||||||**funds**|**Total**|
||||||**£**|**£**|
||Net current assets||||11,219.8|11,219.8|
||||||11,219.8|11,219.8|
Page 11
**THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**for the year ended 1 April 2022**
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total income and endowments**
**Expenditure on:**
Motor and travel costs
Fares
General administrative and conference costs,
including depreciation and
amortisation
Software, IT support and related
costs
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**||**2022**
**£**
-||**Total funds**
**2022**
**£**
-|**Total funds**
**2022**
**£**
-||**Total funds**
**2021**
**£**
-
-
-
-
-
-
-
-
178.37
178.37
-
-
178.37
178.37
-
(178.37)
(178.37)
-
(178.37)|
|---|---|---|---|---|---|---|---|
|||-|||-|||
|||650.83|||650.83|||
|||650.83|||650.83|||
|||-
-|||-
-|||
|||-|||-|||
|||-
860.46|||860.46|||
|||
860.46|||
860.46|||
|||-|||-|||
|||-|||-|||
|||||||||
|||860.46||860.46||||
|||860.46
-||860.46
-||||
||(209.63)
(209.63)
-
(209.63)|||(209.63)||||
|||||(209.63)
-||||
|||||(209.63)||||
Page 12