CHARITY I-
DENTISTS
BDA BENEVOLENT FUND
ANNUAL REPORT AND ACCOUNTS
bdobenevolentfund.org.uk
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CHARITY FOR ALL
DENTISTS
British Dental Association Benevolent Fund
Report Of The Trustees And Financial Statements For The Year
Ended 31 December 2024
Registered charity number: 208146
bdabenevolentfund.org

Contents
Item
Content5
Co-chalr's foreword
Trustees and staff
Reference and adminlstration detalls
Charitable objects- who we support
Publlc benefit
Charitable activitle5- how we 5UPPOrt
Objectives and activities
Achievements and performènte against Oilf objectlves and actlvities
Activities in 2024
Looking ahead: priorities for 2025
Financial revlew
Reserves policy
Investment pollcy and objectlves
Structure. governance. and management
Trustee recruitment, selection. and election
Trustee induction and training
Advisory Councll
Membership
Staff pay
Rlsk management
Statement of Trustees Responslbllltles
Auditors report
Statement of flnanclal activities
Balance sheet
Notes to the financlal statements
Pa
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11-12
12
12
12-13
13
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14
15-18
19
20
21-35

Report of the trustees for the year ended 31 December 2024
Co-chalrfs foreword
We are pleased to present our second C￿chaI¢S forward as part of the BDA Benevolent Fund's Annual
Report and Accounts for the financial year 2024. Over the past twelve months. we have seen both
progress and reslllen¢e as we work towards our vislon: Wo dent15t in hardshlp..
Strategi¢ Achlevements
The demand for support continues to grow, with 200 applications received In 2024 - a 14% Increose
on 2023, and almost double the number received In 2021. Dentists made up most applicants at 57%,
whlch now includes refugee and asylum seeker dentists. whlle 40% were dental students and 3%
dependents. The average age of appllcants was 31, with individuals ran8in8 from 18 to 75 years old
a notable shlft from prevlous decades. This change reflect5 both succe55ful awareness-raising efforts
among dental students and the growlng pressures on dentlsts in the early stages of their careers.
The top re350ns for applying were:
Managing cash flow ènd money management challenEe5
Financlal hardshlp whlle studyin8 at universlty
Support with retuming to or retrainlng in dentistry
Ralsln8 awareness remains a key priority. and website vlsits increased by 27% in 2024, includlng a
1270% sur8e in traffic to the new asylum seeker and refugee dentlst 5UPPOrt page launched in March.
Flnan¢ial Overvlew
Our financlal posltion remains strong, thanks to the ongolng generosity of our 5UPPOrters and careful
financlal management. We were particularly Erateful for increased donations from Local Dental
Committees ILDCS) and continued generovs support from Wealthwide and Dentlsts, Provident. In
addition. we received a one-off £20,0￿ donation from the Anglo-Asian Odontological Group IAOGI.
for whlch we are extremely thankful.
We are continuln8 to work closely with our auditors. A C Mole LLP, to review how our expendable
endowment and un¥estricted reserves are presented in the accounts. More detalls can be found on
page 36.
Governance and leadershlp
Over the past 18 months. there have been significant changes to the Board of Trustees. At the AGM In
June 2024, we said farewell to Dr Austin Banner (Vice Chairman) ar)d Dr Chrls Hayward (Treasurer) and
welcomed Dr John Ulahannèn. Dr Hira Chaudhry. Dr Henrik Over8aard-Nielsen. and Df Jacqui Frederick,
who formally transitioned from Co-opted Trustee to Trustee.

We wefe deeply saddened by the sudden p355ing of DrJohn Ulahonnan In November 2024. John n7ade
an invaluable contribLrtion. inltially as a volunteer historlan for the Charitrfs I￿year history project,
and then Bs a Trustee. He will be greatly m•ssed. We were pleased to welcome Dr Tony Jacobs as a Co-
opted Tnlstee in January 2025 and l¢)ok fonvaid to his support as we move forward.
Challenges and looklngahead
Whlle we celebrate our achievements, we must also recognise the challenges ahead. Ecoftomlc
pressures. ri￿ng student debt. and contlnued unceTtainty around NHS dentistry contracts are placing
greater flnancial strain on dentists and dehtal students. Refugee and asylum seeker dentlsts also face
signlfieant barriers In re-establishin8 thelr careers in the UK. requirlng not only flnancial 5UPPOrt but
also guldance on professional retra￿Ing and inte8ration.
Internally, we must ensure our goverTrance and operational processes continue to evolve to meet
increased demand and the more diverse needs of OUT applicants. At the same time, we must continue
to d>verslfy our income to ensure long-temi sustainability. while keeping awareness high acr055 the
professlon so that those in need know we are here for them.
Our prlorltles for Z025 Include:
Expandlng support for refu8ee and asylum seeker denttsts* particularly around retrainlng pathways
8nd financial assIstan￿.
Expandlng support for dental students and dentists to develop mDre financlal planning Information
and resources.
Stren8thening partnerships with dental schools. IDC5. and professional organisations to ensure more
dentists and students are aware of the Charitvs support.
Diversifying income Streams, includsn8 Corpoiate support, indiwdual Biiiin& and grants to secure long-
term resiliente.
Developlng the Arnbassadors scheme to create 3 netWOTk of suppoiters throughout the UK.
Resolve the Issue relating to the allocatlon of the gains androsses between the expendable
endowments and unrestricted resèrves
Developin8 the 2026 strate8y
Concluslon
We would like to thank our dedicated stsff, volunteÈrS1 partners. and supporters for their tireless
commitmenL Your generosSty makes a real difference to dentists, students, and their familles durin
times of financial ¢rists.
As we look ahead. we are confident that- wlth your ongoing support- the Charity will continue to
provide a vltal safety net to those in need across the dental profession. Together, we will continue to
drive meaningful change and uphold our shared vision of 'No dentist in hardship,.
Dr Shafaq Ali & Dr Molly Oeykin
Co- ChaiPs

Trustees
All Trustee5 have served for a fiJll year unless ststed
Co-chairs
Vlce-chalrman
Treasurer
Dr Shafaq All and Dr Molly Deykin
Dr Austln Banner (until 271061241
Dr Christopher Hayward luntll 271061241
Dr Richard Hems Ifrom 27/06124)
Ms Hlra Chaudhry (from 27106124 to 18103120251
Ms Julie Chisholm (Co-opted from 0810V24 until 16105124)
Dr Peter Crooks
Dr Jacqueline Frederlck (Co-opted from 13112123. Trustee from 271061241
Dr Alexandei Gormley
Dr Tony Jacobs ICo.opted from 22/OV251
Dr Derek M3nson
Dr Henrik Overgaard-Nlelsen (from 271061241
Dr Menna Shykhon
Dr John Ulahannan (from 27106124 untll 20111124)
Patron
The Patron of the charlty is the President of the British Dental Associatlon IBDAI- Dr Rlchard Graham
from May 2024-2025 and Dr Dave Cottam from May 2025.
Vlce Presldents
Vice Presldents have an honorary role that Is nominated in recognition of exceptional support to the
charity. They are not members of the Board of Trustees. Vice Presldents are put forward by the Board
for electlon at an Annual General Meeting IAGMI and there is no term of office.
We are continually grateful to our current Vice Presidents:
Dr Vlorica Bergman, Dr William Nichols. Dr Mavis Phipps. Dr Ann Rockey, Or John Sandham, Dr Peter
Swiss, Dr Sylvla Theaker, Prof Sir Nairn Wilson.
Employees
Flnance and Operations Administratoi Ipltl
Chlef Executlve
Mrs. Faye Serlin
Ms. Laura Hannon

Reference and admlnlstration detalls
Reglstered address
64 Wimpole Streel London. WIG 8YS
0207 4864994
Phone
Accountant and auditor5
A C Mole LLP
Chartered Accountants and statutory Audltors
Stafford House. Blackbrook Park Avenue
Taunton. Somerset. TAI 2PX
Bankers
Co-operative Bank
8usiness Customer Services
PO Box 250, Skelmersdale, WN8 6wr
Investment management (from Apdl 251 Qulter Cheviot
Senator House, 85 Queen Virtoria Street,
London. EC4V 4A8
Investment management luntll April 251
Investec Wealth and Investment Ltd
2 Gresham Street, London, EC2V 7QN
Charitable objects - who we support
The oblect of the Charlty Is to give financial or other help when practicable to such ne￿sSIt0us persons
resident in the UK who in the opinion of the Board of Trustees may be deserving of assistance and:
whose names are or have been on the Dentists Re8iSter of the UK: or
are students at UK dental schools: or
c. Is someone who was entitled to work (through qualification, registratlon or equlvalentl as a
dentlst in their home country and h35 asylum seeker or refugee status in the UK,. or
are dependents of those listed in la)- Ic) and are also resident In the UK.
Appllcants do not need to be a member of the Brltish Dental Assoclation IBDAI to access SUPPOrt.
Publlc benefit
The Trustees have consldered the Charity Commlssion's guidance on public benefit, and charlty law
and believe the Charity meets the requirements of benefiting the public. and the prevention or relief of
poveily.
The Charity assists predominantly through providing financial aid In the foTm of grants, aiming to
enable people to overcome thelr present difficulties. Grant support also allows people to continue

thelr studle5, return to work either withln the dental professlon or è sultable alternative workplace.
The appllcatlon process can involve a flnanclal health check and slgnposting to other areas of support
Including budgetin& debt services, wellbeing and mental health assistance.
Charltable actlvitles- how we support
Most of the support awarded Is financial. glven to indlvlduals who requested a5s1stance online via an
appllcation form. As no two sltuètions are the same the amount of asslstance varies. Help often
brldges the gap behveen income and expendlture for a short tlme, usually 3-4 months. Thls wlll
contribute towards essential personal expenditure e.8. rent or mortgage. utility bills, and for food,
travel, and general Ilvlng expenses for the applicant and their familv.
Funds tan also be offered to manage one-off or unexpected expenditure. This can be for equlpment
Ifurnlture, laptops, while goods etc.) or for professional or work-related expenses. Examples are
indemnity. the annlral reEi5tratlon or retention fee IARFI. or continuing professional development such
as exam fee5 or courses needed to get access to or remain on the General Dental Council reglster.
For asylum Seekers or refugee dent15ts. assistance can be the same as dentist appllcants who are
already registered in the UK, i.e. help wlth es5entlal living Costs. There is abo additional support
available for exam fees i.e. the Overseas Registration Examination {ORE) or License Dental Surgery
ILDSI to enable them to be re8lstered and 80 on to work as a dentist in the UK.
Individuals can also access wellbein8 and mental health services through our partnersh5p with Health
Assured. Access Is through an app, portal and 2417 helpline and includes free counselling. The Charit¢s
webslte has some other useful information including budget calculators. links to free debt advice and
slgnpostlng to other sources of support.
Whllst we will always help with the Immediate problem. the Trustees feel there is value in being more
proactlve In offering educational Information and resoufces. In October 2024 we hosted a webinar
entltled 'Plannin8 for the Future, In partnershlp with Better with Money, 125 registered with a 50% live
attendance fate and 8feat feedback.
Objectives and activities
l. To respond effectively. efficiently, and sympathetically to enqu5ries and applicatlons and to
provide assistance within the charitvs policies and resources.
2. To promote, advertlse and raise awareness of the d)8rity so that those In need are aware of the
Charity and can easily a￿sS assistance.
Achlevements 4nd performance agalnst our objectives and actlvliles
In addition to the two maln objectlves detailed above our strategle actlvities are...

No.
Activity
To work In partnership with the dentsl
and charitable communities to dellver
the best possible support to dental
srudents and dentists in need.
Output
Continual liaison with LDCS. the BDA
and BDA branches* groups. and
sections to raise awareness and funds.
Work wlth the DHSTt05upport
applicants.
Work with dental Schools to promote
the Charity amongst students.
Financial sUPPOrt via grant funding as
well as a 'health the¢Y as part of the
application process: budget
calculators are freely available to all
on the Charitys webslte.
Offerin8 tsilored support to the most
urgent need with the option to be
revFewed or extendeij b*At being
mlndful of expertatlons, dependency.
and undue reliance.
Regular financlal dlscussion$, analysis,
and reports at Board meetin8S.
Regular investment updates and
reviews with the Inveslment
Manager.
Communications and attivities with
the dental communlty.
Charity Code of Governance mapping
and policles are revlewed annually
and updated wheTe appropriate.
Deadllne
Ongoing
Ongoing
To support and encourage beneficiaries
to become finanrlally independent.
On8oln8
Ongoln8
On80ing
To implement the charIt￿$ fundraising
and investment strategies to ensure
there are sufficient resources avallable
to meet both current and fvture
predicted need5.
Quarterly
Quarterly
To Teview. benchmark and update the
Charlvs operatlonal policie5. practice
and governance arrangements on an
ongoing basis consldering them
alongside the Charity Governance Code
to become a more eflicleTrt. effective,
and Incluslve organisation.
To offer ffee and accessible information
and assistance for physlcal and mental
health issues to applicants and their
families.
OnBolng
Annual
revlews
Partnership with Health Assured was
in5ti8ated in January 202Q.
The Wellbelng Support for the Dental
Team Resources are regularty
slgnposted and publiclsed.
Free budget caltulator on the
charivs webslte and links to find
local debt support.
Partnership with Farewill- an onllne
and telephone Will writing service to
encourage Bood finandal planning.
Annual
review
Develop the financial capability ski115 for
the dental profession from 51udents to
working and retired dentists.
Encouraging ènd enhancing knowled8e
to maximise income and mlnirnlse debts.
to do a budget and plan.
Ongolng
On8oing
Ongoing

Actlvltles In 2024
In 2024 £181,350 was given In grants (2023: £242,490). There were 21x1 appllcations12023: 1741 from
130 new applicant512023'.971.
As part of the form, the Individuals plck the rnaln reason for thelr request, and we use thls data to
conslder whether there are any trends. In 2024 the top three reasons were,.
cash flowlmoney management {28%1
hardship at university127%1
support with retrainin8~114%1
These are broadly the same reasons for the last 3-4 years with the third reason changing from
'involvement with the GDC, in 2023, physlcal ill health in 2022 and debt in 2021. The average age of a
new applicant was 31 in 2024131.6 in 20231 and again we had requests from people aged between 18-
74.
The publlcatlon of a dedicated web pa8e including useful links and resourtes for refu8ee dentists went
live In Marth 2024. This, and worklng with other organi5ations has led to an increase In requests from
the asylum seeker and refugee dental communlty.
Unsupported appllcants
Not everyone who applie5 receives financial support. This can be because they do not fall withln our
rem5t,' they weren't in financlal hardship at the time of applying due to their levels of Intome or savings
or because they did not provlde the relevant information or evidence.
In 2024, $0% of applicants were not financially supported142% in 20231. Feedback forms were
instigated in 2022 to better understand why people apply and how much they understand about the
process to help improve our systems and communications. However, completion of these forms 15
Ilmlted in numbers.
The Grantmaking Poll¢y wa5 reviewed and updated in March 2024 helplng to clarify and hlghllBht key
areas about what support is available. We regularly review our communication5, particularly our
website, to ensure it best articulates our remit and process. We are worklng on an up(Jated pre-
eligibility form and amended application5 to go live In sprlng 2025. Thls we hope will reduce the
number of financially unsupported requesls. All applicants can recelve wellbein8 advice, restsurce5, and
acce55 to counselllng as well a5 signposting to other information, organisations or services regardless of
the decision to offer financial aid.
Flnance
Followlng a tender exercise In autumn/winter 2023. new auditors- A C Mole LLP were appolnted In
January 2024 who spetialise in charily accounting.

For the 2023 Accounts and Annual Report, A C Mole LLP hlghllghted an issue due to the application of
the galns and losses between the endowment and unrestricted fund5 in previous years. Thls meant
that the accounts were quallfied. The staff and Trustees have been working to resolve these qverie5.
Followlng advlce from solieitors. the Charity Commission and working with A C Mole LLP. it was agreed
the Trustees should look to agree the posltion of the funds in 2021- the basls of the error. Thls was
dlscussed and unanlmou51y opproved at the Board of Trustees meetln8 on 18 March 2025.
M•rketln8 and fundralslng
Our Trustees. Vlce Presidents, and Patronl51 are encouraged to speak at any relevant meetlngs and
events to help promote and continue to raise awareness of the charity. Often these events can also be
local fundraisin8 Opportunities.
The most common reason people hear about us is through word of mouth, which is why speaking at
events and people passing on our detalls to their friends and colleagues Is so Important. We were
grateful to be given the chance to speak at the LDC Conference and LOC Officla15 Day in 2024.
The Charity has a website, as well as profiles/ pages on FacebooK Instagram and YouTube. These
platforms enable us to give Information and for people to search, find and contact us. This also
complements our newsletters. one sent to our supporters and the other sent out to BDA members, via
the BDA'S 5VStem. We are grateful for the BDA'S Marketlng and Events Teams who continue to support
U5 by promotlng details about the organisatlon In thelr eommunlcations.
Looking ahead: prlorltles for 2025
Our prloritie5 for 2025 include:
Expandin8 support for refugee and asylum seeker dentistsi particularly around retralning pathway5
and financial asslstance.
Expanding support for dentsl students and denti5tS to develop more flnancial planning information
and resources.
Strengihenlng partnerships with dental schools LDCS, and professional organisations to ensure more
dentlsts and students are aware of the CharitVs support.
Diversifying income stream5. including corporète support, individual givin& and grants to se¢ure long-
term resilience.
. Developlng the Ambassadors scheme to ¢￿ate a network of supporters throughout the UK.
Resolve the issue relating to the allocation of the gains and losses between the expendable
endowments and uiireslricted reserves
Develop the 2026 strategy.

Flnanclal review
Income is derlved from voluntèry sourtes Suth as contributlons from LDCS. Indlvlduals 8fvln&
colleetlon51 events or8anised through BDA branches and sections meetings and legacles. Income Is also
received from the CharIt￿S Investment&
The financlal sUPPQrt from the dental communlty, especially from LDC5. has been an Incredlble help.
We are humbled to have been given £118,928 {from LDCs acr05S the country £108,153 In 20231. A
breakdown of LDC contributlons15 detailed on pages 27- 28 for transparency as well as acknowledging
our supporters Individually.
We remain incredibly grateful for those who donated through thelr BDA branch. section and group
meetings, Indivlduals who organlzed fundraising events, those to pled8ed support through legacy
glving and company contrlbutions.
Reserves policy
The Reserves Policyls revlewed annually as well as regularly monitored In consideration of our income,
expendlture, and strategic plans. The Charity has unrestricted funds of £1,179,236 of whlch £1,178,341
is 'free reserves,, i.e. they are not tled up In fixed assets or otherwlse desl8nated. Of these unrestricted
funds, £1.138.132 are investmersts belng held to generate Income and secure the long-term funding of
the charlty. In addition to the unrestricted funds. the charity holds £6.170,451 of expendable
endowment funds.
The BDA Benevolent Fund has been 5UPPOrting people since 1883 and the increasing number of
requests for assistance demonstrates that the support ihe Charity offers continues to be necessary. It
would. therefore, not be approprlate to 'spend down, the Investment portfolio. The free reserves
enable us to fulfll the objective5 by maintalnlng the level of sUPPOrt to those we are helpln8 on a
iegular ba515 and providing for the future.
The Charity has 'free reserves. which exceed 12 months of expenditure- thls Is deemed to be
appropriate after actively considering the current and future financlal posltion and the sustainablllty of
the organlsation.
Investment policy and objectlves
Investments ère manaEed on behalf of the charity by Qullter Cheviot from April 2025. Prior to thi5 they
were managed by Investec Wealth and Investment Ltd (part of the Rathbones Group). The primary
objectlve of the portfollo is to provide a stable and predlctable income stream to supplement the
CharitVs income from donations plus maintaining its real value, adjusted for inflation. This pollcy
enables the Charity to meet the current requests whilst ensuring sufficient means are retalned to meet
the requlrements of future generations and to provide for those that are living longer.
io

The Investment objectives are:
The creatlon of a sufficient financial return to enable the Chèrlty to carry out Its purposes
effectlvely and wlthout Interruptlon.
The malnterFar7ce and if possible, enhan¢ement of the Investment5; and
A reasonable balance between capital growth and income so that the Charity can meet future a5
well as current needs.
To achleve these objectives the investment needs to be a balanced mix of assets l.e. equltles, fixed
Interest, and monetary assets in line with our retum objective and risk tolerance. The portfolio takes
into consideratlon the interests of the Charity and that of the dental profession to have an ethieal
restriction in its portfollo and therefore does not Invest In tobacco. The Trustees also Intend that the
monies should be invested in an ethically and socially responslble manner which is understood and
reported on by the Investment Managers at least twlce per year at our Board meetings.
Structure, governance, and management
The BDA Benevolent Fund (the Charity) is an unincorporated charitable association, registered with the
Charlty Commission in England- number 208146. The governing document is'the Rules,. Resolutions
to afflend the Rules were put to the Members at the Annual General Meeting IAGMI on 4 July 2023.
Prior to this, they were last a8reed on 13 June 2019.
The Board of Trustees meets quarterly and is responsible for providing strategic leadership, overseelng
the key areas of performance, and ensuring the Systems and processes are legal, robust. and leliable.
They also oversee the two members of staff. The Trustees are split into three subgroups overseeing
Flnance and Governènce: Marketing and Fundraising and Grant making activities. Each subgroup rneets
at least once between the Board meetlngs to report to the next Board meeting wlth thelr
recommendation5 for collective detislons to be made.
Trustee recruitment, selectlon and election
Trustees have a three-year term of office. to be re-elected by the rnembers at an AGM. Officers pre re-
appointed by the Board for a maxlmum of slx-year term. Thls allows for contlnulty but a process for
renewal of skllls. Upon approèchlng the end of thelr term of offlce, current Trustees can either choose
to stand agaln or retlre.
Prlor to eath vacancy, the Board considers the existing knowledge. ski115. experience, and diverslty of
the current Trustees to identify any gaps prior to advertising the positions. Trustee vacancies are then
adveftlsed on the Charit¢s website. throuBh its social media channels and vla Its newsletters.
Interested Individuals must self-nominate with a CV and supporting statement for consideration by the
Board in line with the role descriptlon. Following the pre-selection process, candidates are then pvt
forward by the Board for election at the AGM to be voted on by the members.
li

The Board alms to support good governance and the delivery of Its charitable purposes promoting
equality. diversity, and inclusion 0$ outllned by Its EDI policy. It noted the makeup of the Board wasn't
previously diverse. and thls was somethlnB the Trustees looked to address.
Through the last two processes of recrulting new Trustees. the adverts requested individuals to
nomlnate themselves. particularly If they were not Current￿ represented on the Board In terms of
background. skllls, experience. or 8eographlcal locatlon. This has Improved the diverslty of the Board
which has moved towards better embodylng the dental community and wider society. There Is still
some work to be done with thls and $0 the Charity started to collect dats on key dlversity
characterlstlts of the Board In April 2024.
Followlng the change in Trustees. thls was updated agaln in March 2025. The diversity audit outlined
there was a 55% Imalel vs 45% Ifemalel split in gender- the same as the previous year. 63% of
Trustees are aged over 44 and 27% consider themselves to have a disabllity or long-term health
condition (down IO% on the previou5 year). In 9% of Trustees, English wasn't their first language.
Regarding ethnlcity. 63% were white {En8lish, Irish. Scottish or Welsh), 9% whtte lotherl, 18% Aslan
and 9% Arab.
Trustee inductlon and trainlng
Upon starting. all Trustees receive a welcome and induction pack ènd have an Introductory meeting
with the Chief Executive to learn more about the day-to-day work of the Charity. A formal Trustee
tralnlng Strategy ensures Trustees continue to be aware of thelr re5ponsSbllities and are kept up to
date with relevant charitable legislation and best practice.
All Trustee5 sign a Code of Conduct and are required to adhere to all policies. They must also disclose
all relevant interests, and a conflict register is kept and updated annually. Trustees must wlthdraw
from any declslon-making where a conflict or potential conflict could arise, which is noted In the
minutes.
Advisory Councll
An Advlsory Councll was established in 2020 to help foster relationshlps and gather feedback from
indivlduals and representatives across dentistry, some of whom may become prospective Trustee5. The
Charity convenes Advisory Council meetings 85 needed, wilh a maximum of two meetings per year.
The inaugural meeting took place virtually on 14 November 2020. with 51 attendees. There were no
meetings held in 2022. The third meetingi held vlrtually on 4 February 2023, focused on expandlng the
Charit￿5 remlt to include support for asylum seeker and refugee dentists. No Advlsory Councll
meetings were held in 2024.
12

Membershlp
Members form an essentlal part of the charivs governante as they oversee the Charlty and have the
responslbS1ity and authorlty to exercise votlng rlghts at the Annual General Meetin8 IAGM) or an
Extraordinary General Meetln8 IEGM). Member5 also elect the Board of Trustees who oversee the
charity on their behalf.
The Chèrity has three categories of membership.
Trustees
Partnership Members e.g., supporters. Wice-presldents, donors, and current or previous
reclplents.
BDA members who automatically became members of the Charity upon joinlng the BDA
There Is no charge to be a BDA Benevolent Fund 'Partnership' member. If would like to become a
member,
lease contact us.
Staff pay
Pay is reviewed annually by the Co-chalrs, and Treasurer. and relevant benchmarks are used to
determine awards. In 2024, one member ofstsff received more than £60.000 per annum,
Risk management
The major rlsk5 that might threaten the charity, its reputation and Its continued operètion are
cor)sldered ot least annually vla a risk assessment which includes Identification and classification
alongside a55urance. Aevlewlng and updating policies annually provides continual confidence in the
CharIt￿S governance arrangements.
The Co-chalrs take responsibillty for staff management. Knowledge of offlce processes and key
contacts are avallable for the Trustees to attess so the Charlty can contlnue to function In an
emergency andlor due to the incapacity of the stoff. Professional advlce is taken where approprlate,
particularly on legal, financial and communication matters. Staff and Trustees attend training and
events to help ensure they are kept up to date with relevant legislation and legal responsibilitles. There
is an item on every Board of Trustees meeting agenda to highlight key legal and regulatory updates for
a consistent approach.
13

Statement of Tru5tees' Responslblllties
The trustees are responsible for preparlng the Trustees, Report and the financlal statements in
a¢cordance with appllcable law and Unlted Kingdom Accounting Standards Includlng Financlal
Reportlng Standard 102: The Financial Reporting Standard applioble ITh the UK and Republlc of Ireland
Iunlted Klngdom Generally Accepted Accounting Practice).
The law applicable to charities in En8land & Wales requlre5 the trustees to prepare financlal
statements for each financial year whlch give a true and fair view of the state of affairs of the charity
and of the income and expenditure of the charity for that perM)d. In preparing these financi31
statements. the trustees are required to:
select sultable accountin8 policies and then apply them conslstently,.
observe the method5 and principle5 IVI the Charities SORP:
make Jud8ments and accounting estimates that are reasonable and prudent,.
state whether applleable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements, and
prepare the financial statements on the going Colltern basis unless It is inappropriate to presume
that the charity will continue In busine55.
The trustees ère responsible for maintalning proper attounting records whlch disclose wlth reasonable
accuracy at any time the financial positlon of the charlty and enable them to ensure that the financial
statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008
and the provislons of the trust deedlconstitutlon. They are also responsible for safeguarding the assets
of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and
other irre8ularitle5.
Approved by the Board of Trustees on
and slgned on its behalf by:
Dr Molly Deykin. Co-chair
Dr Richard Hems. Treasurer
14

Independent audltorfs report to the Trustees of the Brlt15h Dental
Assoclation Benevolent Fund
Oplnlon
We have audlted the finandal statements of the Britlsh Dental Associatlon Benevolent Fund I'the
charltrfl for the year ended 31 December 2024 which comprise the Statement of Financial Actlvltles,
Balance Sheet, and Notes to the financial statements. intludinB a summary of significant accountlng
pollcie5. The financlal reporting framework that has been applled in their preparatlon is appllcèble law
and Unlted Klngdom Atcounting Stsndard5. intruding FRS 102 The Flnancial Reporting Standard
applicable in the UK and Republic of Ireland (United Kin8dom Generally Accepted Accounting Practice).
In our opinion, the ftnanclal statements:
glve a twe and falr view of the state of the charivs affalys a5 at 31 December 2024 and of Its incoming
resources and application of resources for the year then ended-
have been properly prepared In a¢cordance"with United Klngdom Generally Accepted Ac¢ountlng
Practice; and
• have been prepared in è¢cordance wlth the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit In accordance with International Standards on Auditlng IUKI11SAs IUKII and
appllcable law. Our responsibilities under those stsndards are further described in the Audltor's
responsibilities for the audlt of the flnancial statements section of our report. We are independent of
the charity In accordance with the ethlcal requirements that are relevant to our audit of the financlal
statements in the UK. Including the FRCS Ethical Standard. and we have fulfilled our other ethlcal
responslbilitles In accordance with these requirements. We belleve that the audlt evldence we have
obtalned is suffitient and approprlate to provide a ba51s for our opinion.
Concluslons relatlng to 8oln8 concern
In auditing the financial statements, we have concluded that theTrustees' use of the going concern ba515
of accounting in the preparatlon of the financial statement5 Is appropriate.
Based on the work we have performed. we have not identifled any material uncertalnties relating to
events or conditions that, indivldually or collectively, may cast signlficant doubt on the charity's abillty
to conllnue 35 a Boing concern for a period of at least 12 months from when the financlol stètements are
authorised for issue.
Our responslbllitles and the responsibilltles of the Trustees with respect to going concern are descrlbed
In the relevant sections of this report.
15

Independent auditor's report to the Trustees of the Brltlsh Dental
Assoclatlon Benevolent Fund
Other Informatlon
The trustees are responslble for the other informatlon contained within the annual report. The other
nformatlon comprlses the informatlon included in the annual report. includlng the trustees, report,
other than the financial statements and our auditorfs report ihereon. Our oplnlon on the financlal
statements does not cover the other Snformatlon and. except to the extent otherw15e explicltly stated In
our report, we do not express any form of assvrance conclusion thereon.
Our responsibllity 15 to read the other Informatlon and. In dolng so, conslder whether the other
information Is materially Inconsistent with the finantial statements or our knowledge obtained in the
course of the audit. or otherwlse appears to be materially mlsstated. If we identify such materlal
Inconslstencles or apparent material mlsstatements, we are requlred to determlne whether th15 gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a materlal misstatement of this other information. we are requlred
to report that fact.
We have nothing to report In this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respectof the followln8 matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 requlre us to report to you rf. in our opinion:
the information given In the trustee5' report is inconsistent In any material respect with the financial
statements; or
sufficient accounting records have not been kept: or
the finantial statements are not in agreenient with the accounting rȢords,' or
• we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As expl8ined more fully in the trustees. responsibilities statement. the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal tontrol as the trustee5 determine is necessary to enable the preparation of financial
statements that are free from material misstatement. wheiher due to fraud or error.
In preparlng the flnancial Statements. the trustees are responsible for assessing the charitvs abllity to
continue as a Boing concern. discloslnE, a5 applicable, matters related to going concern and uslng the
going concern basis of accounting unless the trustees either intend to Ilquidate the charlty or to cease
operations, or have no realistlc alternative but to do so.
16

Independent audltor's report to the Trustees of the Brltish Dental
Assoclation Benevolent Fund
Our responslbllhles for the audlt of ihe flnanclal statements
We have been appolnted as èudltor under sectlon 144 of the Charltles Act 2011 and report In accordaneè
with the Att and relevant regulations made or having effect thereunder.
Our obJectives are to obtain reasonable assurance about whether the financial statements ès a whole
are free from material misstatement, whether due to fraud or error, and to Issue an auditor's report that
Includes our opinion. Reasonable assurance Is a hl8h level of assurance, but is not a 8uarantee that an
avdit Conducted In accordance wlth ISAS {UK) will always detect a material mlsstatement when It exlsts.
Misstatements can arise from fraud or error and are considered material If, individually or In the
aggregate, they could reasonably be expected to influence the economic declslons of users taken on the
basts of these financlal statements.
Irregularltles, includlng fraud, are Instsnces of non-compliance with laws and regulations. We de51En
procedures in Ilne wlth our responsib51itles. outlined above. to detect material misstatements in respect
of Irregularitles, includin8 fraud. The extent to which our procedures are capable of detectln
irregularities, including fraud is detailed below:
Identlfyln8 and assessln8 Potentlal rlsk5 of materfal misstatement due to Irregularlties
We considered the following when identifying and assessing risks of material misstatement due to
Irregularities. includlng fyaud and non-compliance with laws and regulations:
the legal and re8ulatory frèmework in which the tharity operates
the nature of the sector in which the charity operates
the control environment and controls estsblished to mitigate such risks
the results of our enquiries of management about their Identification and assessment of risks of
irregularities
discusslons with the audit engagement team about where fraud mlght occur
the incentlves for fraud.
Laws and regulatiOf7s whlch ore eonsldered to be signtficant to the charity include those relating to the
requirements of financial reporting framework FRS102. the Charities Act 2011, UK tax legi51atlon, and
employment law. In addltion, we consider other laws and regulation whlch may not directly impact the
financial statements but may impact on the operation of the charity.
As a result of these procedures we concluded. in accordance with International Auditing Standards, that
a risk in relation to the potentlal for management override of contro15 exlsted.
17

tndependent audltor's report to the Trustee5 of the Brltlsh Dental
Assoclatlon Benevolent Fund
AudSt responses to rlsk$ Idenilfted
We undertook audit procedures to respond to the rlsks Identlfled, and designed our audlt testlng to
respond to these risks. The additional procedures we undertook included the following:
8alnlng an understanding of the charltrfs procedures for ensuring compllance with laws and
regulations
testing the appropriateness of journal entries and other adjustments
considerlng whether accounting estimates were indicative of potentia5 bias
considering whether any transactions arose outside the normal course of buslne55
making enqulries of management
corroborating our enqulries through review of Board Mlnutes and correspondence.
We also communicated relevant laws and regulations arbd potential fraud risks to all engagement team
mèmbers and remained alèrt to any indicators of fraud or non-compliance with laws and re8ulations
throughout the audit.
A further description of our responsibilities for the audit of the firFanclal statements Is located on the
Flnantlal Reporting Council's website at.. www.frc.or
auditorsres
onsibilities. Thls descrlption forms
part of our audltorfs report.
A C Mole LLP is eligible for appointment as auditor of the charity byvirtue of its eligibilityfor appolntment
as audltor of a company under sectlon 1212 of the Companles Act 2006.
Use of our report
Thi5 report Is made solely to the charltrfs trustees. as a body. In accordance wlth Part 4 of the Chbrities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might State
to the trustees those matters we are required to state to them in an auditorfs report and for no other
purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone
other than to the charity ènd the charitvs trustees as a bodyi for our audit work, for this report, or for
the oplnlons we have formed.
A C Mole LLP. Statijtory Auditor
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TAI 2PX

Bffltlsh Dwtal Assoel•tlon Ben•volgnt Fund
Statemeni d FIMndal A¢tlvltlg8 for thg Y¢ar Endéd 31 D8¢•ml)or 2024
UnrgStrict•d Endovrtnent
funds
fundty
Total
2024
Incom9
Donakn'ons and legaae5
Inveslmenl irKorne
189,145
188.119
180.145
188,11
Toial Income
377.284
377.264
Exptyndlture
Ral8ln9 lunds
Chafilable activities- grants payab
Support and governance ￿Sts
expenditure
Galns on imitrsthiènl asspts
(5.3391
{1B1.3501
168.0381
(33.071)
(38,4101
1181,350)
768.038
1354.727)
51.583
133,0711
297,150
{387,7981
348 733
Net Income
74.120
264.079
Net movement In fvnds
R8oon¢lllatlon of lund#
Totsl fvnds brought fonmard
Total fund$ carried forward
74.120
264.079
338.199
1.105.116
S,906,372
6.170.451
7,011,488
7,349,687
16
1.179,236
Unr•stri¢t•d End0%￿nent
fvnds
fund¥
Total
2023
Nolo
Incom•
Donatlons and legacies
Ir)veslmenl Income
188.912
181.694
188.912
181.694
Tokl income
370.806
370.606
Expènditure
Raising ￿n￿$
Charital￿e acliviD'es- qiants payab
Support and yovemance ¢o¥¢s
Total expenrfilure
Gains on investment 855els
(5.346)
1242,490)
165.247
{28.476)
133.B22}
I242,4￿)
165,247
{413.083}
53,9e
(28,4761
287,416
1441.5S9)
Net income
11.483
25e.&39
270,422
Nel movement in funds
11.4B3
258.939
270,422
Reconclllation of lund$
Total funds brcwJhl foThvaTd
Tot*1 lunds caFrled lorward
1.093,633
1.105.116
5.647,433
5,9Q6.372
6,741,066
7,011.488
16
The notes on pa9es 2110 35 forffl part of these finansial statements.
Page 19

Brftlsh DMl•l A¥soclallon Bonwolent Fund
IR¢glotratlon n￿nbOr. 20814S)
8al8nu sherf as at 31 Deeomber 2024
2024
2023
Note
Flxed a88ets
Intsnglble assets
Tangible Bssels
Invastm8nts
2,354
1,254
7,Tr)2.648
7.006.25S
12
13
895
7.316.288
7.317.183
Current assets
Debtors
Cash at bank and iri haTrJ
14
11.754
60.347
72.101
39,59
11,086
36.607
47,6¥3
Cigdltors- Amounts lallng due wrfthln one y￿r
t current a8$ets
15
42,461
5,232
7.011,488
Net asscts
Funds ol the charfty:
Endowment fund8
Unre8trteted funds
,170.4S1
1,179.236
7.349,687
5.906.372
1.105.118
Total funds
16
7.011.488
The fin
nci
1 statsments cn pa9e$ 19 10 35 were appro¥Ed by the IJust￿. 8r*J aulhorise(f fcff issue
Shalaq Ati
Ch81rman
Dr Molly De￿Kin
Chairman
The notes on pages 21 to 35 form part oflhese ￿N￿CIal stalemenl5.
Pa9e 20

Brltl•h D•ntsl A•v>¢lthn B•nwol*rt F￿nd
Notss tts th• Flnan¢lal St•tem•nts fortho Yoar Ended 31 D¢c•mlJ•r 2024
1 Accountlng pollclos
Statoment of comOanco and basls ol preparatlon
financial Stat￿ents have bean prepared l¥stOli¢91 ¢osl convenbm wth itgms
rvcognl￿d at cost or transaction valufr unle53 slated Ol￿er￿Se Y￿thin these notes. The finanaal
glalements hav• bèen kyepared in 8¢¢ordance A¢cLxJnting aThJ Reporting by Charities: Stalwnent
of Recommended Practice applicaue to tharibes weparirg accourrts In accordan￿ the
Fln8nc181 Reporbng Stsndard 8pplic8ble in th6 UK ar¥J Rewblic oi Irdand {FRS 1021 {1$suod Oct¢ber
20191 Ichaiib'es SORP IFRS 102)). the FInar￿la1 Repoiting Standwd #PFI"cable In the Unil&J
5fjngdorn 8n6 Republic of Ireland IFRS1¢Y21. and Ihe Charititts Act 2011.
British Dent￿ Assouab"on Benevdgnt meèts tho dofinitson of 8 be￿ entity under FRS
102.
The presentation currwKy of Ihe fiA￿ClaI statgnents is the Pthmd &ertkng 1£) rouTrJed lo lh& neafe8t
pound.
Golng conc•m
AE part of the trustee'$ asses5rn￿1 of going conc8m. Ihèy have ￿epa￿d cash flow pioleeion6.Th0
projeets¢n8 have been wepared on an atvopriate basi4 laknng into account the ¢urrenl economi
ondilicn5 that exist
After makng 8ppropriate enqulries. the trustees have rEasLnalrfe expectati(m that tha ¢harity has
adequate Tes¢Jurces to enailè to It to continuo in operational exi5tenc* foi thè forese&aiAe fU￿re. Th8
trustees theref￿e be￿ve Ihat the cwcem basy8 16 stil appropriate and have wepared th
accounts on gory cmcem basLs.
Income
AJI income Is rec¢gnised when thè charity has entiuement to the irKome. il is probalje thal tho Income
WU be received and the amount can be rneasurwj *ith wifoenl reliab'lity.
Donallons and legacl•8
Donallons and legacies are Yecognised a recalvth basi5 %then Feceipt is probable and th
amount can be reh"8bty measwed.
Grants re¢glvablg
Granlg are reoognised when Ihe charity hag an entitt￿eTht ID Ihe funds end any conditions linked to
the grants hav6 been met. Where performance ￿ndItionS are aiiached to the grant and gre yel to be
mel. the inccmne ig reccgnj$￿ as 8 habdity and in¢Wed on the baL4nce shegl as deferred income lo
be releasèd.
Inveslmenl Income
Investrnenl in¢om8 is accourrted Icw M an 8wuaf5 basts.
Page 21

BrMl8h D8ntsl Asso¢Jatlon &novolent Fund
Not8• to the Flnanclal statem￿ts for Ihg Yaar Ended 31 D•comber 2024 leontlnued)
Exponditure
l expènditure Is rwnised onc& Ihere is a kg81 or c(rntructi￿ oblgatjon to thal èxpeThJilur8, r( is
probable se￿ernenI FS fequired and the ￿n￿t fan be measured rdiably. NJI costs are allocated to
t1￿ appli￿ble expenditure headify3 that aggf8g8te ￿MIl8r costs to that category. Where costs ¢annot
be diTecNy attsilyjted io pth"¢￿￿r headings they have been allrtalÈd on a bas1$ conslstent wlh the
use of resour¢e$. vllh centra staff costs alocated on the basis of tlme $penL and depreualion
charges 811ocated on the portion of the asser8 use. Other supixrt costs arg allooated based ttn the
sproad of staff c05ts.
AJI resrAwce8 expended are in¢fusfvè ofirTr¢ovwatAe VAT.
Ralslng fvndg
These aTe cosls #icurred in attracting vohjntwy incwo. tho management of investments and trose
Incurred in tr&(li￿￿ activitie3 that ratse fwKIs.
Charltablo acllvltl8s
Charita￿e expendlttjfe ccvnwises those costs iKurred ty the tharrty in the delivory of ils activities
8nd services for its beneficiaries. It ind￿leS both eosts that can be ￿kn¢01ed directly lo such aetivi11os
and those c03ts 01 •n indirect nature rEecessary10 8UFPOrt them.
Gian¢ provlslon8
Piowiiions for grants are made the Intenlion to rnake a grant has been ￿mmUnICa1ed to Ihe
reryplent there is uncertainty about etther the limi￿ of ￿ grant or the amount of granl payable.
8upport costs
Support costs indude central ftfftL*ons and have be•n zllocated to aclivfy cost categories on a ba$ly
consistent with the use of resoLYces. lor exaryle. alkcabw¥J Fyoperty costs by floot areas. or per
awts. 8tsff coyts by ts'me spent aThJ thr costs by their usage.
Govwnonce ¢08ts
These include the ctssls attrtbutabk lo Ihe charitys ¢orrWiance with eDn5titutional and Stalutory
requirements. inciud(ng awjil. slralegic mAnagement aThJ IrLBt88s rneetings ond reimbursed
expenses.
raxatlon
The charty is a registered chaiity and l¥, therefore. exempt fr¢xn liablhty lo taxation its income and
capital gains. to the 8Xtent that tlièy are 8PF4ied for tharit8Lle PLTr)ses.
Intanglblè as$ot•
Inlanglble assets. are slated ITr the Ba18nce Sheet al cost less accumulated amsytisation and
ImpairmenL They are amorlised a stTaight litw basis 0￿r their estimated uselul lfves.
Tanglble Ilxgd 8$58ts
Individual fixed assets coslng £11XI tt m￿e are inibaly recorded at cost. le$s any subsequent
8camul8tÈd depreciation aNI subsequent acciNnLrfated inp8irmenl105ses.
Page 22

Brltl•h D•ntal Assoclallon B•n•volont Fund
NoteB to the Flnanclal Slat*nonl• forth• Y￿r End•d 31 December 2024 {contlnu8dl
Amortl¥atlon
Amortisatron is provided on intsnglble fixed assets so ?¥ lo ￿lIe off Ihe co< 18ss ony estimated
residual value. over thetr eXFeded usel￿ economic kte as ￿0W$.
Asset class
Cornputer SofN¥*rn
Amortt&atlon molhod and rate
20% Straight Llne
D¢preclatlon and amort1￿tIon
Oepre¢iabon Is provided on I￿01￿¢ fixed assets so a$ to V•Ttt8 ofl th8 cost cr valuation, 18ss any
estimated resldual value. ovw Ihei¥ eX￿cted vsefvl econornic Wfe a8 lolknvs..
Asset Clas6
()ffice EqUIF￿8nI .
D•pr•¢￿IlOn molknod and rate
20% Straighl Lw18
Impalrnmnt of 15xed a8set8
Al each balance sheet dale. Ihe ehty reiryews the carrying aThount ol its tangft)le fixed assets to
deltm)ine whether there is any inth"¢atyon that ary items have sutfered an impairrnenl lo$$. If¥ny such
indication e￿$(8, Ihe recoverable amount of an a5sel eslmated to determine the exlenl of the
impairment loss, il any. Where it Is not p05Stde lo eslimate the recoverable amount ot the asseL the
-.knatss the r￿)Verable amount ofthe eaS￿eneralIn9 ￿tt to vkni¢h the asset belong$.
Flxèd as$¢t Inv•stments
Listed investmenis
Llsted Investments are a forrn of b881c fin8rKxal ￿￿jment and are inttialy recogni$ed at thelr
Iran5a¢llon value and subsequentty measured al fair vaue al the balaTr￿ sh881 dale using th$ doslng
quoted market price. The Statemenl ol Fina￿al inc￿e$ the net gains and lo$Bes arising
on revalualioTI and thsp)s8ls 1hroUg￿)ut the poriod. The Charity d￿5 nol 8CqUiTe or use put option5,
derfvativ95 orothgr finon¢ial rMlrum8)ts.
Realised 9alll8 losses
I gains and losses are taken io the slatefflent of financi81 aL*￿"11eS as they arlse. Reali5ed gains aThJ
losses on investments are calcJJlated as Ihe difierence sales proceeds and their opening
¢8rrying valu8 or their purthatse YJlu8 if aequired subsequent to Ihe frst day ol the financial yeaT.
Unreallsed gwn5 losses are ¢al¢yl•t9d as th9 difl¢rence betsRen the laiT value at the P8Tiod end
and their value. Reali5ed and urrtalkswj inVestr￿1 gaFns aThJ losses are comblned in Ihe
Staternenl of Financial Aclivitigs.
Cash and ca8h •qulvalgnts
Cash and c35h equival￿15 comprise cash on hand and cal depo55ts, and other SI￿rt-terM hi9hly
Ilwid Irbvestmenls Ihat are readly t(Thertible to a amount of cash and are subje¢t to an
lns19nifi￿nt of change In valu&
Fund structur•
Unfestr￿ted income fund5 are general ful￿8 Ihat are av*ble for use at Ihe trustees i*8cretion in
furtheranw oflhe objectives ol the charity.
The charity h8s a sir* expendable endovmenl lund, experNlable enLknment addittons
thèreto Jrè lo be Invesled and iw)me used lor any puwose al ttE discretion ol the trusiees.
Pa9e 23

8rfthh OHrt•l As•oclatlon Bowvol•nt Fund
Notes to tho Flnan¢lal Siat•m•nt8 forthè YtJF Endod 31 DoC￿b•r 2024 Icpntlnu¢d)
P•nslotvJ and 0lheT PO&t retlrern•nt obligattons
The charity operotes o detfin8(f contribut"c￿ penslon stheme Is a pension plan ￿der vthich
rixed contribulions are paid into # pension fuTrJ and the chaiity has no legal or cy)nstrudive obligation
lo pay further contribvtiorts ￿ if the fund thjes fr￿t hcld sUffiC￿nI assets to pay all employees thè
beneffts reldryJ lo employee service in Ihe gJFrerrt arKI wior P￿0d$.
Conlribuuons to defined contfibulim ￿n$ are recogwed ￿ the Statement of Financlal A¢Um"I￿5
vh)èn they are due. If ¢ontrilxrtion payM￿ts 8xceed I￿ ¢(thUti￿ duo for seNce, Ilx excess is
rewr¥sed 88 a pfepayment
FFn8n¢FJl Jn#truments
The Charlty onty enter8 Into basic fin*Klal instnThents that iesull in the recognition olfinancial a5sel8
oThJ labrfitieg sueh as ￿de and other debt(Ks creditors.
Debl instrumènts. SLFch as tradè debtors 8TrJ ryedrtors aro Wilba￿ rneaswed al tran$a¢tion pri¢$ and
8ub$equenlly meosured 91 grnoitised Cost.
Finandal assets are assessed at thè ènd of each rewbrvJ ppriod for objective evidence of
impaim)ent. 11 obIecOve 8￿den(e of imparmert 15 found. 8n impairnienl loss is recognised in the
Stslemenl of Financi81 Actitsib"es.
Crlllc41 A¢¢ountlng E8llmaf•s and JUdgeM￿ts
The preparation ofthè financial 8talements in ccmformity Mlh FRS 102 requires management lo make
judgements, e$tim8185 and assumptson$ that affect the aFV[icatiC￿ of p0￿cleS and ￿￿rted amounts of
asseis and liabilits"es, income. and expense8.
Egtimales and judgements are contiwalty evthated arml are ba6ed cffi hlstori¢al expevrence and other
laclors, indui*ng 9Xpe￿oIsOn$ of firtLre ovents that are beI￿Ved lo be reasonable under thè
circumstan¢es.
The Charity make5 estim3le5 pnd 8ssurnpti￿S ccwmng the fvbjre. The resulting accouMin9
estim8les ￿111. ty definllion, seldom equ￿ the related acfval resuhs. The Tru$lees consider that there
are no criti¢al accounting eslimales and judggment$ h8vE a ¥ignifi¢ant rlsk of c8uslng 8 material
adjusbnent to Ihe carrwng 8m¢unts of assets and fialJ"kn"e5 wlhin the next fmanual ygar.
Page 24

Brltlsh O•nl•l A¥s•xl•tlon 8•n•volont Fund
Not•8 to tho Flnanclal Stotemwts forthe Year End8d 31 Dbctmber 2024 {contlnue#
2 Incctho from don•tlon8 and lègaGI••
Unro•trict•d
funds
G•norn1
Total
funds
Donations from LOCS
British Dental Assoclatiorfs Branches
Donallon$ ifK1iv￿UalS
Legacies
Others
118,928
13.51Y2
12,036
1,000
43.679
118.928
13,502
12,036
1,000
Total lor X124
189.145
189,145
Donations Irom LDC$
British DenlAI Associ811on's Branches
Donation5 fram individuals
Legacies
Olher5
Gift 8ld redaimed
Qranl8
108,153
14,103
11,403
24.600
16.022
631
14.000
108.153
14,103
11,403
24,6
16,022
631
14.000
Total for 2023
188,912
188.912
Page 25

Brlll•h D•ntsl AA¥oclallon Bgnovolent Fund
Notes lo th• Fln•n¢lal Stat•m•nts forthg Yo•r Endgd 31 DK•mb•r 2024 (contlnugdl
Detail of don8bons from LtfA-
2024
2023
Avon LDC
Bamet L
Barnsley Lt
Bro Taf LDC
Bury & Rochdak LDC
Cal¢Jerdale & Huddersfield LD
centr￿ Lancs LDC
CUM￿10 LDC
Derby LDC
Devon LDC
Dotset LDC
Dyled Powys LDC
East Lancanshire
E88t Ri(lin9 LDC
Enfiel¢J and Ha￿n9¢Y
E55ex LDC
Gloucester L
Hampshire & Isle ofwight & Hants IOW LDC
He4nts LDC
Hertfordshire LL
Kent LDC
LDC Conferen¢e
Leeds Lct
Leicester LDC
Lineolnshir¢ LDC
Llverpool LDC
Lo¢ Dent Cle8 Er LDC
Norlolk LDC
N¢Jrth LDC
North Derbyshire L
North Tyne LDC
N(Mlh8mptrM$Fdre LDC
Northanls LDC
Northern Irel8nd Le￿ Fund
Northern Regi¢xal LDC
Northumberla￿l LOC
Rolherhem LDC
Salfoié LOC
Sefton LCC
Sheffièld LDC
South Ch8shir• L
South Hurnber LDC
Suffolk LDC
Sunderland LDC
50D
2,000
1.000
1.000
5.000
2,000
1,500
3,000
3,000
2.000
1,126
10.000
1,5(M)
1,160
10,IX
1,500
5,165
3,OC4)
6,000
4.000
2.000
1.369
1,000
10,QOO
1.600
4.000
1.500
1.100
15.￿0
3.575
2,(NJO
1,333
1,500
8,1￿0
1.￿0
6.000
4,000
4.000
1.166
1,105
3,000
400
4.$00
1,500
500
1.800
1,500
6,500
2,000
750
4.￿)0
700
Page 26

Brltl#h Dontsl AsBocfa(ion Bgn9volont Fund
Notrs to tho Flnanclal Stat•monts forthg Y￿r End•d 31 D•c8mbw 2024 (contlnuedl
2024
2023
Suir•y LDC
Sussex LDC
Wakefield LDC
Wallsall LDC
Watwickshire LDC
West Penlne LDC
Wesl s￿$￿X LOC
Wltshire LDC
Wwr81 LDC
Wolverha￿pt0n LDC
5,000
5,000
5,4YJO
1,000
4.188
5,(KJO
2,OfyJ
12,000
2,914
1,500
2.500
500
500
118.928
108,153
3 Invoslffl•nt Ineom•
Unr¢strt¢ied
funds
G•n•r41
Totsl
funds
Interest received on inyestmenl P￿￿)
Interest reeeivabb and similar ir
187.627
492
187,627
492
Totsl for Z024
188,119
188,119
Interest rec8iv8d on iwe8bnenl P¢ytrolio
Inteiesl recelvable and similar irKom•
181,405
181,405
Total for 2023
181,694
181,694
Page 27

BrlllBh Dqntsl As¥oclatlon B•n•volont Fund
Notss to FlTran¢lal Statwngnts forthe Yw Endod 31 Dtt•mbor 2Q24 (contlhuedl
4 Exp•ndtturo on r•181ng lund#
) Costs of iradlng •tllv11108
End0*in0￿ Unm8lricted
funds
funds
Expwdab
Ganeral
Tot•1
funds
FundraSsing Ira¢Jir¥J costs:
Fundrai5ir
2.220
Total for2024
Totsl for 2023
2,220
2.220
2.220
bl Invo8tm•nt managwnent cmts
Endovnn•rtl
fvn
Expendable
Unrestrlcled
fund•
General
Total
fundj
Olher portfrfio management costs
Total foi 2024
30.851
5.339
36.190
5,339
36,190
Othèr porttoiio m8nag•Jnent costs
Totv*l foi 2023
5,346
5,346
33,822
33.822
28,476
S Expendlturo on charltable acllvldes
Unrostrlct•d
funds
G•neral
Total
fund8
Giant funding ol actiwlleB
Anocated support co$ts
Governance costs
Nots
1B1.350
139,882
28.156
349.388
181,350
139.882
28,156
Total for 2024
Grant fun(ffirKJ of ackn'wtieB
Allocated 91JPPOrt easts
Governan￿ costs
Total lor 2023
242.490
143,495
21,752
242,490
143,495
21.752
407.737
407,737
The charity vndwtskes ils charitable ac11￿￿e5 through wi makiThJ. Grants are paid lo irKlividual$
directly lor lo a third party on their behalfj vary according to i?rcL•nStsnces in fi￿￿er￿ce of ils
eharilable activities.
Page 28

Brltlsh O•ntal Assoclatl•)n Benevol•n¢ Fund
Notes to the Flnanclal Stal•m•nts lor thè Year 31 D•cember 2024 {￿nI￿nU•d)
6 Support ¢08ts
Unro#tricted
funds
Gohgral
Totsl
Staff costs
General Offi￿ costs
M8rketsng and publidty
Depre¢18tk￿, amorb'satsijn and otr*r sknilarcosts
Travel￿n9 expenses
Totol for 2024
98.474
14.301
20,495
2,713
3,899
98,474
14,301
20,495
2,713
3,899
139.882
139,882
Staff costs
General offiee costs
MaTktts"ng aThJ ￿11
D¢preciaU(ffi, amortI￿￿on 8nd Olher similarcosts
Travelling expenses
Total for 2023
88.758
10,451
88,756
10,451
38,644
2,897
2.747
2.897
2.747
143.495
143.49S
7 Analysls of govern•n¢g and Support ¢OBts
Support Costs amocaled to rh4rllabJo activhlfrs
Other
Juppori
Govornanee
B48b of
all￿allOn
Stsff lime
Stsff time
Total
2024
Staff cost
General office costs
10.942
1,585
12,527
98.474
14.301
109.416
15,886
125,302
112,775
Oth•T
support
costs
Govgmance
Basv4 ol
allocation
Staff bmo
Stafl trme
Total
2023
81gff cost
Gentral olfice costs
9.862
1.161
88,756
10,451
98,618
11.612
11,023
99.207
110.230
Page 29

8rf11¥h Dental Aosodatlon 8on•volgnt Fund
Nots* lo the Flnandal StstrnTrts forlhè Yoar End￿ 3t Dgcembor 2024 {¢ontlnued)
Govornan￿ costl
UnTestrictod
fundts
Goneral
Total
fund8
staff costs
AGM and truske8' meeting cl￿ts
General office costs
Subscripb'ons, leès and training
Audllols omunerauon
kncountBncy
Other legal and profeS￿nal fees
10,942
4.127
1,585
10.942
4,127
1,585
1.068
3,870
4.200
3.870
4,200
2,364
EIJ
Total lor 2024
2,364
28.156
28.156
Staff costs
AGM and trustees. meethng costs
General offiet costs
Sub$cripth)￿. liCe￿e5. fee5 and traTrilThJ
Auditorfs remuneralion
A¢¢ounlancy
Other I¢B81 arKS professi￿8¥ fees
Total for 2023
9.862
1,913
1,161
920
9,882
1.913
1,161
920
4,536
2.340
1,Q20
2,340
21.7S2
8 Nèt Incomellexpenditvr•l
N8t income for the year indthJes'.
2024
2023
Audilorfs ￿munelatiOn- for audit 8eNces
Audilorfs iemunerEtr¢X- kjr a¢coun18ncy seNces
Predecessor audiloly remuneration- a￿tht seNces
Predeee55or a1￿110rfs r8nwn6iation - for ac￿￿1&n￿ serrices
3.870
4.2(M)
3,800
3.O¢kl
936
8.070
Page 30

8rlirsh D￿ts1 A$8oclatlon BgnovdoTrt Fund
Nots• to Ihe Fkn8nefal StalemÈnt• forthg Year Ended 31 o•C￿b•¥ 2024 (¢ontlnu•dl
9 8taff ¢08t8
The aggre9ale payrc41 coslswwe a8 loRcth3".
2024
2023
staff ¢04ts during the year wore:
Salaries
Soci81 Securi￿ co$ts
Pension costs
.696
89.274
5,790
4.766
Q930
4,577
109.416
98.617
The awage number of pe￿on8 employed by Ihe charity was 2 (2023.. 21. No Tfuslee received any
r¢muneration. Exponses lot81ts.ng £1.133 (2023.. £2.576) *tra re1Mburs￿ to 4 (2023.. 81 Truste8s to
enable attendance qt meeb"ngs.
The CEO 8nd frustges are ¢C￿KIe￿ to èe key man8WlVrt persml. Key management
personnel ranun¢rab"on totslled £80.78712023.. £74,849).
One effipIoyee ￿¢¢IVed emolwnents of mcwg £60.Cth durit¥J Ihe year (2023.. Nil).
The number of emFrfoyee8 whose erncknients fell knilhin lh8 fo1j0￿ bands was..
20z4
£7Q,001 . £80,C*JO
2023
10 T•xatlon
The tharity is a regi$ltr8d charity and is therefora exempt frcffl taxati￿ its Incom? and c8pItsi
gains lo the extent that they are applied Icr charitable pwposes.
Page 31

Brftlsh Dwtsl A¥8oclatlon 8èTh8vo1gnt Fund
Not•8 to th• Flnan¢l41 Statem•Trts for th• Y•ar Ended 31 Decembff 2024 (contlnu•d)
11 Intanglblè flxo11 assets
Computor
Softwaro
Total
Co$t
Al 1 January 2024
Al 31 Decembtr2024
Amortl8atlon
At l January 2024
Charge for the year
At 31 Dècemter 2024
book v&lu¢
At 31 December 2024
Al 31 December 2023
12,896
12.8
12,896
10.542
2.354
10.542
2,354
12,89B
12,896
2.354
2,354
12 T*nglbl• flx8d ￿¥911
Furniture and
èqulpmont
Total
Cost
At l January 2024
At 31 Dec6mber 2024
D¢wKlatlon
At 1 January 2024
Charg¢ for the year
At 31 Dè¢ember 2024
Net book valu•
At 31 Decewber 2024
At 31 December 2023
1,793
1,793
1,793
539
359
539
359
895
1,254
Page 32

8rltl$h Dental A$8oclatlon B0nw￿¢nt Fund
ote¥ to thg F￿ancIal Statements for th• Y•ar Ended 31 De¢•mber 2024 (contlnuod}
13 Flxod a8J•t Invwstmènts
Lbted Inve¥thi•Trts
2024
2023
Co¥t or Valu4tlon
At l January
Addits'¢JK8
Dlsposals
Revaluation
6.929,￿0
1.5L17.068
(1.644.735)
324 6@3
7.116.796
f99,492
7,376,288
8.463,260
2,877.631
(2,794,445)
Cash herd in investrnent portfor
Net book va￿￿ al 31 Decembe
6,929,800
72,848
InvfjstmeN$ at falr valu• ￿M￿￿¥d.
UK fixed interest secwities
UK equlties linc. propewtyl
ForetfJn fixed interest gecuitie8 aThJ eQ￿ties
Attern8tive assets
2024
2023
1.227.383
584,251
4.$83.739
621,423
7,116,796
1,083.417
1,065.336
4.255,575
525.472
S.929.8LX)
14 Dobto
2024
Prepayments
Other debtors
2023
813
10.941
11.754
2.269
8,817
11,086
Page 33

Brftl8h D•nt•l As•o¢latlon Bgn8volent Fund
Noto8 to th• FlTran¢lal Slalwtt•nts lor the Year Ended 31 Do¢embar 2024 Icorrtlnuod)
15 CMdlt¢r8: amoun18 lalllng wlthln ono
Grant commilments
Other creditors
Ac¢rua18
2024
2023
3.025
24.388
15.050
26.983
12.614
16 Fund¥
B41ance ot i
January
Othe
Balance at
31
I￿gnIs•d D&Gemb8f
qalns
2024
In¢ome
Exp•ndlture
Vnyo•trlct•d funds
General
1,105.116
Endowmgnt lund8
Expend*Ae
Total fund8
377264
1354.7271
51.583
1.179.236
(33,071
(387.798
7,011.488
297,150
348.733
6,170.451
7,349.687
Balance at
Other
31
r•cognl¥*d Ooc¢mb•r
gains
2023
Balan¢e al
1 J8nuary
2023
Inc¢Jme
Expenditure
Unre8lrtct8d fundj
General
1.093,633
Endowmgnt funds
Expendable
Tolal lund•
370.&
(413.083)
53,960
1,105,116
5.647.433
28.476
287415
370.
5,908,372
441.559
341,375
7.011,488
The expen£Jable en￿o￿1nenl is lo be irwested and the income used for any ch8ritsble purpose at th?
discTelion ol the trustees. The expendable eNJowmenl may also be spent al the abscAule discretion of
the trustets. The unrestrirled incorne f￿d may be appkn'ed lor any Fupose at the di$￿et10n of the
Iruslees.
Page 34

Brltl3h Donlal AS￿¢111￿+n Bo￿V￿1￿￿t Fund
Notss to the Flhancl•l Statements for th¢ Yèar Ended 31 Docembor 2024 (conllnuèdl
17 Analys1$ ol not utset8 betwgon funds
Unro•trfct•d Elloowmont
lunds
Gen•ral
ftsnd8
Expendablo
Total fundfh al
31 Doeember
2024
T￿gi￿le fixed assets
Fixe(l asset MNestments
Current assets
Cuirenl 11a￿.￿14eS
T¢tsl nel a8Sgts
1.138.132
72.101
31.892
1.179.236
895
7,316,288
72.101
39,597
7,349.S87
Total fund$ al
31 Decemb8r
2023
Q178,158
7.705
6.170.451
Endowm•nt
funds
Expendlbl
Unrgstrktèd
funds
Genèral
Intsngiblo fixe(l a85ets
Tangible fixed asset
Fixed a58el thvestrnènts
Citrrenl assets
Current liabililies
Total nel ￿ssets
1,254
1,025.W7
111.848
35,347
1.105.116
2,354
1.254
7.002.648
47,693
42,461
7,011,488
5.9n,641
164.1551
7,114
S.906.372
18 Relatod party tran8￿10￿9
There %4ere no rdate(J paFty transaction$ in the yeaf (2023_ NII.
Page 35