CONTENTS OF THE FINANCIAL STATEMENTS THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION FOR THE YEAR ENDING 5[th] APRIL 2024
REGISTERED CHARITY NUMBER: ZD22917
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5[th] APRIL 2024
FOR
THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION
Simon Jacob Jacob Ting & Co
ICAEW Chartered Accountant
40 Homer Street, London, W1H 4NL
CONTENTS OF THE FINANCIAL STATEMENTS THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION FOR THE YEAR ENDING 5[th] APRIL 2024
| Page | |
|---|---|
| Report of the Trustees | 1 -5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 |
THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5[th] APRIL 2024
The Trustees of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ending 5[th] April 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, the Deed of Trust.
Registered Charity number
ZD22917
Registered office
Flat 1 36 Lower Sloane Street London SW1W 8BP
Trustees
Dr Tom Bereznicki – Chair Michael Stitt - Treasurer Prof Barry Francis Arthur Quinn Prof Jonathan George Cowpe John Nigel Maloney Paul Keeley Dr Susan Tanner
Patrons
Professor Nairn Wilson CBE, FKC, FDS
Independent
Examiner
Simon Jacob Jacob Ting & Co ICAEW Chartered Accountant 40 Homer Street, London, W1H 4NL
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
INTRODUCTION
In late 2022, Tom Bereznicki wanted to help finance and promote dental education to early postgraduates and approached John Maloney at GC to see if he could arrange for Tom to sponsor a two-day training course at GC in Belgium. After various meetings, John suggested the most efficient way to achieve this was for Tom to gain Charitable status. As Tom’s experience of organizing and running events was minimal, he approached The College of General Dentistry and suggested a partnership – an approach that was approved by The College. A Board of 6 Trustees was selected, Tom Being nominated as Chair.
In February 2023, with legal help from hcrHewitsons, solicitors, Lancaster House, Nunn Mills Road, Northampton, Tom made an application to The Charity Commission for Charitable status and approval was received on 19[th] October 2023.
A Bank Account was opened at Coutts, 440 Strand London on 8[th] September 2023. Credit cards link to the account were issued.
The first Gift Aid donation of £200,000 was made on 8[th] September 2023 allowing The Charity to start. The Charity is currently and will in the near future be totally funded by Tom Bereznicki.
OBJECTIVE AND AIMS
Initially, the objective was advance the education of the members of The College of General Dentistry (company number 02586636) (charity number 1002769) in such ways as the Charity Trustees think fit, including but not limited to the provision of financial support to the members to cover the costs of attending relevant training courses.
In the course of Trustee Meetings, it was decided that the Charity should aim its educational events at a wider range of dentists. The concept of restricting events to The College was changed to include all dentists but particularly the group from 1[st] to and including 5th year postgraduates, although it would not be restricted to that group depending on the event(s) being organised.
The Aim was and continues to be to provide affordable education - the registration fees for many organised Conferences and Meetings often run into high triple figures – a sum that younger dentists simply cannot afford. Participation would either be free and if not, then not exceeding double figures.
The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
EDUCATIONAL ACTIVITIES ORGANISED
While awaiting The Charity Commissions approval, plans were finalised to start our first initiative, namely a competition aimed at First Year postgraduate dentists – details below. Details of the competition were announced as soon as Charity status was approved. The response to the competition proved very successful and the winners travelled to Belgium on Wednesday 10[th] July 2024.
Gestation planning was started to organize a one-day Symposium in London on the topic of Occlusion – a subject that is undertaught at undergraduate level. Prominent speakers were approached, all of whom agreed to present pro bono to allow a registration fee of £75. Initially, registration would be prioritized to dentists who were in the 2[nd] to 5[th] year postgraduate category, with plans to open registration to the remainder of the dental profession, including technicians nearer the date
The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
In anticipation of the event going ahead, The Large Hall at Royal Borough of Kensington & Chelsea Town Hall just off High Street Kensington was provisionally booked and a deposit paid. Although the auditorium holds 310, the aim was to try to break even if attendance was around 200 delegates. Marketing started in March 2024
AOB
The College of General Dentistry offered the services of one of their staff, Clare Denton, to act as my PA part time – an offer gratefully accepted.
The Trustees discussed forming a subcommittee of younger dentists and appointing them as Trustees – the feeling was that The Charity needed to better reflect the target group age. Discussions were held and names suggested, shortlisted and approached for consideration.
The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
TRUSTEES' RESPONSIBILITY STATEMENT
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Charities Commission requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charity SORP
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
RISKS POLICY
Trustees undertake an annual review of risks.
Approved by order of the board of Trustees on 20[th] May 2024 and signed on its behalf by:
Dr Tom Bereznicki - Trustee
The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
the year ended 5 April 2024.
Responsibilities and basis of report
As the Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2022.
Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for independent examination, I report in respect to my examination of your Charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity.
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of the Charities Act, other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Simon Jacob
Jacob Ting & Co ICAEW Chartered Accountant 40 Homer Street, London, W1H 4NL Date 27.04.25
The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES - contd
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024
| INCOMING RESOURCES FROM Donations received Tom Bereznicki – donation Gift Aid Transfer unused prize monies from Kings Transfer unused prize money RCS Edin Tom Bereznicki – Gift Aid donation EXPENDITURE ON Legal fees GC – introduction kits for registrants Deposit Kensington Great Hall Sundry expenses Total NET INCOME CASH AT BANK CURRENT ASSETS LIABILITIES |
2023 to 2024 FUNDS £ 200,000.00 1,727.16 25,000.00 100,000.00 £326,770.00 6514.20 3383.16 1896.00 353.00 £12,146.36 £ 314,623.64 £314,623.64 NIL NIL |
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The notes form part of these financial statements
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REPORT OF THE TOM BEREZNICKI CHARITABLE EDUCATIONAL FOUNDATION TRUSTEES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2024 – contd BALANCE SHEET 5[th ] APRIL 2024
CURRENT ASSETS
Debtors NIL
Cash at bank £314,623.64 NET CURRENT ASSETS £314,623.64
TOTAL ASSETS LESS CURRENT
LIABILITIES £314,623.64 NET ASSETS NIL
FUNDS
Unrestricted funds NIL
TOTAL FUNDS £314,623.64
The trustees acknowledge their responsibilities for
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(a) ensuring that the Charity keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the Charity at the end of each financial year and of its surplus or deficit for each financial year.
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(c) These financial statements have been prepared in accordance with the provisions applicable to Charities.
The financial statements were approved by the Board of Trustees and authorised for issue on 14[th] April 2024 and were signed on its behalf by:
Dr Tom Bereznicki
The notes form part of these financial statements
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1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the Charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from activities for generating funds is recognised on a receivable basis.
Investment income arises from interest bearing bank accounts and is recognised on a receivable basis.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.
Fund accounting
Unrestricted funds are comprised of accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Board of Trustees in furtherance of the general charitable objectives.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year 4[th] April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 4[th] April 2024
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