THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY
Charity No. 1165783
Trustees' Report and Unaudited Accounts
01 April 2024
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY CONTENTS
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Statement of Financial Actvites|4|
|Balance Sheet|5 to 5|
|Statement of Cash fows|6|
|Notes to the Accounts|7 to 11|
|Detailed Statement of Financial Actvites|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 2023.
## REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1165783
Principal Ofce
7 Atcherley Lane Woodford SK7 1NU
## 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 Osama El Shahawy
## 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
Over the 2022-2023 year, the academy has managed to organize the 3[rd] international congress which was held in Luxor-Egypt. The event was extremely successful with several international keynote speakers and great attendance.
## 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 Osama El Shahawy 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' responsibilites in relaton to the fnancial 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 2023
|for the year ended 1 April 2023||
|---|---|
|Notes
Income and endowments
from:
Donatons and legacies
3
Charitable actvites
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
Reconciliaton of funds:
Total funds brought forward
Total funds carried forward|Unrestricte
d funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
-
-
242.95
242.95
65.84|
||-
-
-
606.02
606.02
178.37|
||178.37
-
-
-|
||(363.07)
(112.53)|
||(363.07)
(112.53)|
||(363.07)
(112.53)
11,107.27
11,219.80|
||10,744.20
10,744.20
11,107.27|
Page 4
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY BALANCE SHEET
## at 1 April 2023
|at 1 April 2023|||
|---|---|---|
|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 liabilites
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|2024
£
-
10,744.20
10,744.20
-
10,744.20
10,744.20
10,744.20
10,744.20
10,744.20
10,744.20|2023
£
-
11,107.27|
|||11,107.27
-|
|||11,107.27
11,107.27|
|||11,107.27|
|||11,107.27|
|||11,107.27|
|||11,107.27|
|||11,107.27|
Approved by the trustees on 23 December 2024
And signed on their behalf by:
Mamdouh Al Chihabi
Trustee & Treasurer 23 December 2024
Page 5
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY STATEMENT OF CASH FLOWS
for the year ended 1 April 2023
|Cash fows from operatng actvites
Net (expenditure)/income per Statement of Financial Actvites
Adjustments for:
Decrease in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash provided by operatng actvites
Net cash from investng actvites
Net cash from fnancing actvites
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|2024
£
(363.07)
11,107.27
-
10,744.20
-
-
10,744.20
-
10,744.20
10,744.20
10,744.20|2023
£
(112.53)
11,219.80
-|
|---|---|---|
|||11,107.27|
|||-|
||||
|||-|
|||11,107.27
-|
|||11,107.27|
|||11,107.27|
|||11,107.27|
Page 6
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS
for the year ended 1 April 2024
## 1 Accountng policies
## Basis of preparaton
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 accountng 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 accountng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds Revaluation funds
Restricted funds
These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income Recognition of income
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is related reported gross in the SoFA. expenditure
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 gift/donation to which it relates. gifts Donated These are only included in income (with an equivalent amount in expenditure) services and where the benefit to the Charity is reasonably quantifiable, measurable and facilities 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 particular activity.
## Taxaton
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 fxed assets and amortsaton
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-termhighly 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 cash management.
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 finance lease.
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 Actvites - prior year
|2
Statement of Financial Actvites - prior year|||
|---|---|---|
|Income and endowments from:
Donatons and legacies
Charitable actvites
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliaton of funds:
Total funds brought forward
Total funds carried forward
3
Income from donatons and legacies
4
Income from charitable actvites|Unrestricted
funds
2023
£
-
65.84
-
178.37
178.37
-
(112.53)
(112.53)
11,107.27
11,107.27
Total
2024
£
-
-
Total
2024
£
242.95
242.95|Total funds
2023
£
-
65.84|
|||-
178.37|
|||178.37|
|||-|
|||(112.53)|
|||(112.53)
11,107.27|
|||11,107.27|
|||Total
2023
£
-|
|||-|
|||Total
2023
£
65.84|
|||65.84|
Page 10
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY NOTES TO THE ACCOUNTS
|THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY
NOTES TO THE ACCOUNTS|||||
|---|---|---|---|---|
|5
Other expenditure
Unrestricted
£
Motor and travel costs
-
General administratve and conference costs
-
Legal and professional costs
-
-
6
Stafcosts
No employee received emoluments in excess of £60,000.
7
Debtors
2024
Other debtors
£
-
-
8
Creditors:
amounts falling due within one year
2024
Accruals and deferred income
£
-
Restricted funds:
Unrestricted funds:
10
-
9
Movement in funds
At 2 April
2023
General funds
11,107.27
Revaluaton Reserves:
Total funds
11,107.27
Analysis of net assets between funds
Net current assets|Unrestricted
£
-
-
-||Total
Total
2024
2023
£
£
-
-
-
-
-
-
-
-
2023
£
-
-
2023
£
-
-
Resources expended
At 1April
2024
£
£
£
Incoming
resources
(including
other
gains/losses
)
-
(606.02
10,744.20
-
(606.02)
Unrestricted
funds
£
Total
£
10,744.20
10,744.20
10,744.20
10,744.20||
|||-|||
|||2024
£
-|||
|||-|||
|||2024
£
-|||
||||||
|||-|||
||||-|Total
£
10,744.20|
|||||10,744.20|
Page 11
THE ARABIAN ACADEMY OF PAEDIATRIC DENTISTRY DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 1 April 2024
|Income and endowments from:
Donatons and legacies
Charitable actvites
Total income and endowments
Expenditure on:
Motor and travel costs
Fares
General administratve and conference costs,
including depreciaton and
amortsaton
Sofware, 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||2024
£
-||Total funds
2024
£
-|Total funds
2024
£
-||Total funds
2023
£
-
-
65.84
65.84
-
-
-
-
178.37
178.37
-
-
178.37
178.37
-
(112.53)
(112.53)
-
(112.53)|
|---|---|---|---|---|---|---|---|
|||-|||-|||
|||242.95|||242.95|||
|||242.95|||242.95|||
|||-
-|||-
-|||
|||-|||-|||
|||-
606.02|||606.02|||
|||606.02|||606.02|||
|||-|||-|||
|||-|||-|||
|||606.02||606.02||||
|||606.02
-||606.02
-||||
||(363.07)
(363.07)
-
(363.07)|||(363.07)||||
|||||(363.07)
-||||
|||||(363.07)||||
Page 12