CHARITY FOR ALL
DENTISTS
BDA BENEVOLENT FUND
ANNUAL REPORT AND ACCOUNTS
2025
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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 2025
Registered charity number: 208146
bdabenevolentfund.org

Contents
Item
Content5
Co-chaies foreword
Trustee5 and staff
Reference and administration details
Charitable objects
Public benefit
Charitable activities
Achievements and performance 2025
Strategic priorities 2026-2030
Financi31 review
Reserves policy
Investment policy and objectives
Structure, governance. and management
Trustee ¥ecruitment, selection, and election
Trustee induction and training
Advisory council
Meniber51iip
RemuneratlDn policy
Risk management
Statement of trustees responsibilities
Auditors report
Statement of flnancial actlvilies
Balance Sheet
Notes to thè f1nancial statemenis
Pa&e
6.11
11-12
12-13
13
13-14
14
14-15
15
15-16
16
16
16-17
18
19-21
22
23
24-38
Page 1

Report of the trustees for the year ended 31 December 2025
Co-chairs, foreword
2025 was a slgnificant year for the Charity. We tontinued io work towards our vision of 'No dentlst in
hardshlp,. rè5pondinB to growing demand while expandins the reach and impact of th¢ Chèritqs
support.
Against a backdrop of ongoing econornic pressures, demand for support reathed the hi8hest level in
the Charity's history. We saw increasing number of applications highlighting both the challenges faced
by members of the dental tommunity and the importance of havin8 a dedicated source of support
when hardship arises.
Throughout the year, we remained committed to providing timely financial assistznce alongside
practical guidance, wellbeing resources, and mental health support. We also continued to focus on
helplng Individuals build longer-term resilience through financial wellbeing resources, budgeting
support, slgnposting, and preventative initiative5 deslgned to reduce the Ilkelihood of future hardship.
Together, these servlces help members of tho dental community overcome challenge5, Continue their
studies or professional development, and move forward with confidence.
We were encouraged by the growing engagement of the profession with the Chariiv and by Increaslng
awareness of the support available. Through our presence at major dental events, ongoing
communications, and the sharing of beneficiary storips, we continueLI to reach more people across the
dental community and ensure that those in need could access sUPPOrt at the rlght tlme.
Our financial position remains stronE thanks to the ¢ontlnued generosity of donors, supporters, Local
Dental Committees, and partner organisations. Their support enables us to respond to increasing
demand while maintaininE the long-term sustainability of the Charity. We rema1n extremely grateful to
eveiyone who has contrlbuted ihrough donations. fundralslng activities, volunteerinÉi and advocacy.
The year also Saw continued work to strengthen the Charity'5 6overnance and long-term resllience. We
welcorlled Dr Tony jacob5 to the Board of Trustees and extend our sincere thanks lo Ms Hira Chaudhry
nd Dr Menna 5hykhon for their valuable contributions during thelr time as Trustees. Progress was also
made in resolvlng the hlstorlc Issue relatlng to the allocation of gains and losses between the
expendable endowment and unrestricted reserve5, following extensive work with the Charity
Commission, professional advlsers, and the ChaiiVs auditors.
During the year, the Tru5tee5 developed a new strategy for 2026-2030. providing a clear framework
for ihe Charity's future development. As we be&in to implement this strategy, we will continue to focus
on expanding support for those most in need, strengthening partnerships across the profession,
improving financial resilience, increasing awareness of the Charity, and ensuring our governance and
operations remain effective and sustainable.
Page 2

We would like to thank our staff, volunteers, trustees, partners, donors, and supporters for their
continued commitment to the Charity. You¥ 8enertssity and dedication make a real difference to
dentists. students. and their families during times of hardship.
As we look ahead, we remain confident that, with the continued support of the profession, the BDA
Benevolent Fund will continue to provide a vital safety net to those in need and make a meaningful
differente to the lives of those we support.
Dr shafaq Ali & Dr Molly Deykin
Co- ChaSr's
Page 3

Trustees
All Trustees have served for a lull year unless stated
Co-chairs
Treasurer
Dr Shafaq Ali and Dr Molly Deykin
Dr Rlchard Hems
Ms Hira Chaudhry (from 27106124 to 18103120251
Df Peter Crooks
Dr Jacqueline Frederlck
Dr Alexander Gormley
Dr Tony Jacobs Ico-opted from 22101125, elected on 26105120251
Dr Derek Manson
Dr Henrik Overgaard-Nielsen
Dr Menna Shykhon (retired on 26105120251
Patron
The Patron of the tharlty is the President of the British Dental Association IBDAI. This was Dr Rlchard
Graham from May 2024- 2025, Dr Dave Cottarn from May 2025 - 2026 and Dr Callum Young50n MBE
from May 2026- 2027.
Vice Presidents
Vice Presidents have an honorary role that is nominated in recognition of exceptional support to the
charity. They are not member5 of the Board of Trustee5. Vice Presidents are put forward by the fjoard
for election at an Annuèl General Meeting IAGMI and there is no term of office.
We are continually grateful to our current Vice Presidents..
Dr Austin Banner, Dr Viorica Bergman, Dr Chri5 Hayward, Dr R05 Keeton, Dr William Nichols, Dr Mavis
Phipps, Dr Ann Rockeyi Dr John Sandham, Dr Peter Swiss, Dr Sylvia Theaker, Prof Sir Nairn Wilson.
Employees
Finance and Operation5 Administrator Ipltl
Chief Executive
Grants Casevvorker Iplt
Mrs. Faye Sèrlin
Ms. Laura Hannon
Mr5. Henrietta Davies-Dunn (from 18105120261
Page 4

Reference and administration details
Registered address
tlo A C Mole LLP
Chartered Accountants and Statutory Auditors
Stafford H¢Juse, 81ackbrook Park Avenue
Taunton, Somerset. TAI 2PX
Phone
0207 4864994
Accountarnt and auditors
A C Mole LLP
Chartered Accountants and Statutory Auditors
Stafford House, Blackbrook Park Avenue
Taunton, Somerset. TAI 2PX
Bankers
Co-operative Bank
Business Customer Services
PO Box 250, Skelmersdale, WN8 6WT
Investment management Ifrom April 251 Quilter Cheviot
Senator House, 85 Queen Victoria Street,
London, EC4V 4AB
Investment management luntil April 251
Investe¢ Wealth and Investment Ltd
2 Gresham Street, London, EC2V 7QN
Charitable objects - who we support
The object of the Charity is to give financial oi other help when practicable to sucli necessitous pefsons
resident in the UK who in the opinion of the Board of Trustees may be deserving of 3sslstance and..
whose names are or have been on the Dentists Register of the UK,. or
are students at UK dental schtsols.. or
is Someone who was entitled to work IthroLJgh qualification. registration or equivalentl as i
dentist in their home country and has asylum seeker or refugee status in the UK,. or
ale dependents of those listed in lal- Icl and are also resident in the UK.
Applicants do not need to be a rnember of thè British Dental Association IBDAI to access support.
Public benefit
The Trustees have consldered the Charlty Commlssion's guidance on public benefit, and charity law
and believe the Charity meets the requirements of benefiting the public. and the prevention or relief of
povertv.
Page 5

The Charity assists predominantly through providing financial aid in the form of Brants, aiming to
enable people to overcome their present difficulties. Grant support also allows people to continue
their studies, return to work either within the dental profession or a sultable alternative workplace.
The application process can involve a financial health check and signposting to other areas of support
includin8 budÉeting, debt services, wellbein8 and mental health assistance.
Charltable actlvltles
Most of the support awarded is financial, given to indivlduals who requested assistance online via an
appllcètion form. As no two situatlDns are the same the amount of as5151ance varie5. Help ofteT)
bridges the gap between income and expenditure for a short time, usually three months. This will
contrlbute towards essential personal expendliure for example, rent or mortgage, utillty bllls, and for
food, travel, and general living expenses for the appllcant and their family.
Funds can also be offered to manage one-off or unexpected expenditure. This can be for equipment
Ifurniture, laptOP5, white good5 etc.) or for professional or work-related expenses. Examples are
indemnity, the annual registration or retention fee IARFI, or continuing professional development such
as exam fees or courses needed to Eel access to or remaln on the General Dental Council register.
For asylum seekers or refugee dentlsts, aS515tance can be the same as dentist applicants who are
already resisterod sn thc UK, i.e. h¢lp with csscntial livln6 Costs. There 15 a150 additional support
avallable for exam fees S.e. the Overseas Registration Examlnatlon IOREI or License in Dental Surgery
ILDSI to enable them to be registered and go on lo work a5 a dentist in the UK.
Individua15 can a150 access wellbeing and mental health services through ou¥ partnership with Health
Assured. Access is through an appi Portal and 2417 helpline and includes free wun5elling. The charity's
website has some other useful Information including budget calculators, links to free debt advice and
signp05ting to other 50urce5 of support.
Whllst we will alw3ys help with the Immedlate problem, the Trustees believe there is value in taking a
more proactive approach by offering educalional information and resources. In 2025, this included
providing advice and signposting mana6ing finances, as well as support for dentists and those
working in dental practices who have experienced, or been connected to, baby10sS.
Achievements and performance during 2025
Durin8 2025. the Charity continued to focus on strengthÈning support for members of the dent31
profession, increasing awareness of the Charity's services. and ensu¥ing the organisation remained
financially and opeiationally resillent. Progress against the priorities identified foi the year 15 Set oul
below.
Page 6

Nts.
Activity
Expanding support for refugee and
sylum seeker dentlsts
The Charity continued to explore way5 to expand
support for refugee and asylum seeker dentists,
partlcularly In relatlon to retrainlnE pathways and
flnanclal assistance. Discu55ions and partnership
working with or@anlsations across the dental and
charltable sectors helped Improve understandlng
of the challenges faced by internationally trained
dent15tS 5eekinE to enter Dr return lo the
profession. A new web page was developed, and
application form was created io ensure bespoke,
relevant 5UPPOrt. This led to an increase In
applications.
The Charity continued to develop and promote
financial wellbeing resources aimed at dental
students and dentists. Free budgeting tools and
signposting to debt advlce servlces remained
vailable through the Charit¢s website, while
financial health checks conilnued to form part of
the appllcation process for those seeking financial
assistance. Support remained tailored to individual
circiJmst3nc.e%. wilh the aim of encoijraging long-
term financial independence wherever possible.
The Charity continued to strellgthen relationships
with Local Dental Committees ILDCS), the British
Dental Association IBDAI, BDA branches, Eroups
and sections. dental schools and other
professional organisations. These partnerships
supported greater awareness of the Charity's
services, encouraged fundraising activity and
helped promoie earlier access to Support for
students and members of the profession in need.
Partnership working with the Dentists, Health
Support Trust IDHSTI also contin￿ed throughout
the year.
The Board continued to review financial
performance, forecasts alld grant expenditure
throughout the year to Support the Charity's long-
term sustainability. Regular investment reviews
and updates were received from the Investment
Manager, while communications and engagement
activities with the dental communily continued in
support of fundraising and awareness objectives.
Expanding support for dental students
nd dentists thiough financial planning
reseurces
Strengthening partnerships across the
profe55ion
Diversifying income streams and
Strengthening long-teim resilience
Page 7

The Charity also tontinued to explore
opportunities to diversify income through
corporate support, individual giving and other
fundraisin
initiatives.
Work continued durlng the year to develop the
Charity's Ambassadors Scheme and strengthen
eibgd&ErriEiIL WILII suppurter5 arro55 ihe UK. The
Charity currently has five Ambassadors and aims
to expand this network further over ihe coming
years. The charity remains committed to buildinB a
wider network of advocates to help increase
awareness of the 5UPPOrt available within the
denlal profession.
The Charity continued to revlew its governance
arrangements, policies and operational procedure5
against the Charity Governance Code. Governance
mappinE and policy reviews were undertaken
during the year, wlth updates implemented where
appropriate to support the Charlty In becomlng a
more efficlont, effective and inclusive
oiganlsatlon. Consideration of incorporation was
%tarted in Septemher 2025 anfl Agrppf4 as a
strategic aim at ihe Strategy Day in Novembe
2025.
The Charity continued its partnership with Health
Assured, providlng applicants and their familie5
with access to confldential wellbeing support,
counselling services, a 24-hour helpline, online
resources and a mobile application. The Wellbeing
Support for the Dentll Temm rcsources also
continued to be promoted throughout the year
with over 1000 downloads.
Work continued during the year to address the
allocation of Bains and losses between expendable
endowments and unrestricted reserves. The
Charity worked with its professional advisers to
ensure appropriate treatment and reporting
within the financial statement5. They were
3pproved at the B03rd meeting in March 2025 and
reed at the AGM in June 2025.
The Trustees developed the Charit¢s strategy for
2026 - 2030 at the Strategy Day in November
2025. They considered emerging needs within the
Developing the Ambassadors Scheme
Strengthenlng governance and
operational effectiveness
Provldlng accesslble wellbeing and
mental health support
Re.solvin8 the allocation of Bains and
lossos botween expendable
endowments and unrestricted reserves
Developing the 2026 strategv
Page 8

profe5510rh, opportunities to Strengthen support
services. and the long-term sustainability of the
organisation.
The Trustees believe these activities continue to Support the Charity's obj@ttives by providinB practical
assistance, promoting financial resiliènce. improvirng wellbein& and ensuring the Charity remains
sustainable and well goverr)Èd for the future.
Charitable support
During 2025, the Charity awarded £270,163 in grants12024= £181,350). A total of 221 applications
were received during the year, cownpared with 200 in 2024, includin8 131 new applicant$12024.. 1301.
As part of the application process. applicants are asked to identify the maln reason for their request for
SLJpport. This information helps the Charity monitor trends arnd better understand the challenges
affecting applicants. In 2025. the three most identified re350ns for applying were-
Support with retraining- 43 applications120%1
Cash flow or money management difficultie5- 38 applicatlon$117%1
Other reasons- 37 applications117%1
Cash flow and money management difficulties have consistently featured amongst the most common
reasons for applications over the pa.sl five years. The other leading eategories have varied over tirne,
reflectinE Changing applrcant circLJmSt3nces 3nd wider sector trends. For example. involvement with
the General Dental Council IGOCI featured prominently in 2023. physital ill health in 2022. and debt-
related concerns in 2021.
The increase in applicaiions relating to retiaining and categorised as "other" in 2025 reflects the
rowing number of asylum SEeker ènd refuRee dentists becoming aware of, and applying for, the
Ch3rity's support.
The average age of new appllcaFlts has remained conslstent at 3 1 over the past five years, with
application5 received from individuals aged between 19 and 60 during 2025.
Financially supported vs unsupported applications
Not all applicatitsns received result in financial assistance being awarded. During 2025, 55% of
applicants received Pinancial support, compared with 45% who did not. This repre5erts an increase in
supported applicatitsns compared with 2024, when the proportion was evenly split at 50% supported
and 50% unsupported.
Applicatiorns may not proceed to financial support lor a variety of reasons. These include applicants not
meeting the Charity's eligibility criteria, for example where individuals are not dentists, asylum seeker
P8*9

or refu8ee dentists, dental students, depend3nts, or residents of the UK. In other cases, applicants mav
not be experiencing financial hardship at the tirne of applying due to thèir income or savings, may not
provide the required inforrnation or evidence, or the information Submitted may not be verified as
genuine.
The Charity operates four separate application pathways for dentists, dental students, dependant5,
and refugee dentist$, with applicants directed to the appfopiiale lorr)) lollowiwig iurnpletion of a pre-
eligibility assessmEnt. During 2025, the pre-eligibility process was reviewed and updated to Improve
tlarity and accessibility for applicants. This has contributed to a reduction in financially unsupported
requests.
Regardless of whether financial assistanee is awarded, all applicants can access wellbeing advice,
resources, and counselling support. Applicants are also frequently signposted to other relevant
organisations, services, and sourtes of information to help address their individual circumstances.
Nearly 1,000 dental professionals accessed the Wellbeing Supportfor Defttol Team5 Buide during the
year, demonstrating continued demand for wellbeing information and support resources.
Marketing
Ralslng awareness of the Charlty and the support avallable remains an Important part of Its work.
Meetlngs, conferences, and events provide valuable opportunities to engaee with the dental
communitv. encouraRe local fundraisin& and ensure that Indlviduals in need are awar@ of how to
access support. Personal recommendation and professional networks continue to play an important
role in helping individuals become aware of the Charity and access supptrrt at an early stage.
During 2025. the Chariiy also attended several key professional events, including exhibiting at the BIDA
Dental Showcase in March 2025 and the British Dental Conference & Dentistry Show in May 2025.
These event5 provided valuable opportunities to engage directly wlth members of the dental
profession, raise awareness of the Charitvs work, and encourage Individuals to slgn up to recelve
future updates and communlcations.
The Charity maintains an active online presence through its website and social medla platforms,
including Facebook, Instagram, Linkedln, and YouTube. These channels provide accessible information
about the ChafitV5 services and enable individuals to contact the organisatlon for Support and
guidance. Digital communicatlons are further supported ihrough regular newsletters distributed both
to the CharitV'S SLlPPOrters and to BDA members through the British Dental Associatlon's
communicatiori 5VStem5.
The Charity sent more than 137,000 emails sharing informatlon, resources, and support opportunlties
to its Members and supporters. Social media engagement achieved its strongest growth to date, with
overall growth of 19% during the year. Across 769 posts, the Charity achieved 156,57a impressions,
representlng an increase of 342%, together with 8,142 engagerrents, an increase of 122% compared
with the previous year.
Page 10

Website visits increased by 38%, exceeding the previous yearfs increase of 27%, reflectin8 growin8
awareness of the Charity 2nd its services.
During 2025, the Charity shared seven new personal stories highlighting experiences of hardship,
resilience, and recovery within the dental community. These included Lisa's experience of rebuilding
her life following bereavement, Caitlin's journey through cancer treatment during dental school, and
Alaia's retraining journey a5 she beEan a new chapter in the UK. Sharing these stories helps raise
awareness of the challenges faced by members of the profe55ion and dErTiuf15traLes tlie iiiipact
ch311t3ble support can have on individuals and their families.
Those marketing and engagement activities continue to support the CharitV5 objectives by increasing
awareness. ofttouraging ongagement with support services, and strengthening connections across the
dental profession.
Fundraising
The Charity undertakes fundraising activity through engagement with Local Dental Committees ILDCSI,
supporters, donors, members of the dental professlon and other stakeholders. Fundraising activities
during the year included volunt3ry donations, sponsored activity, events and awareness camp3igns.
The Charity does nDt employ professlonal fundraisers or commercial participators. The Trustees are
mindful of the need to ensure fundraising attivity is transparent, respectful and appiopriate, and the
Charity %eek% ta prr>tect vulnerable individuals from undue pressure or intrusive lundraisinE practices.
No complaints relating to fundraising activities were received during the year.
Governance and administratlon
During the year, the Charity undertook governance and operatlonal reviews in support of the
development of its 202fr2030 Strategy, including considerailon of future incoTrrporation arrangements
and operational resilience.
The Charity left 64 Wimpole Stieet in April 2025 after the BDA gave notice tsn the buildinE. The Charily
is grateful to be able to use the address and support of the auditors a5 the new registered office
address, which is clo A C Mole LLP. Stalford House, Blackbrook. Park Avenue, Taunton, T Al 2PX.
Strategic priorities 2026 - 2030
During the year, the Tru51ees developed a new five-year strategy to guide the Charity's work between
2026 and 2030. The strategy focuse5 on strern8thening awareness of the Charity, improving acce55ibility
to support, enhancing operational rèsiliènce and ensuring the lon8-term 5U5tainability of the
organisation.
Page11

The Chariws key strategic priorities for 202￿2030 arè..
Raising awarene55 of the Charily across the dental profession through stronger engagement
with dethtal organisations, dental schools, Local Dental Commlttees ILDCS), employers and
other stakeholders.
Improving accessibility to support by reviewing and streamlining application processes and
reducing barriers for individuals seeking a5515tance.
Increasing engagement with undeirepre5ented and underserved groups within the dental
profe55iorh, including refugee arnd asylum seeker dentists.
Developin8 Stronger partnerships, arnba55ador networks and volunteer engagement to increase
advocacy, outreach and regional representatlDn across the UK.
Progressing the forrnal incorporation of the Charity to strengthen governance arrangemènts,
operational resilience and future growth opptsrtunities.
Strengthening the Charity's wellbeing and financial capabllity support through accessible
resources, signposting and preventative initiatives.
Oiversifyin8 income streams through fundraisin& sponsorship* Erant funding and individual
giving to SUPPOrt long-term financial sustainability.
Continuing to strengthen governance, policy development and operational effectlveness In line
with best practice and the Charity Governance Code.
Exploring opportunitles to improve the Charity's use of technDlogy and digltal systems to
support service delivèry, operational efficiency and data Management.
Financial review
Following the appointment of A C Mole LLP as auditor5 in January 2024, a historic issue was identified
relating to the allocation of investment gains and losses between the endowment and unrestricted
funds in previous years, resulting in a qualification of the 2023 accounts.
Durin8 2025, the Trustees and staff continued to work closely with the auditors, solicitors, and the
Charity Commission to resolve the Matter. Following this review, the Trustees formally considered and
agreed the appropriate treatment and position of the funds as at 2021. being the point at whith the
error origlnated. This was unanimou51y approved by the 8oard of Trustees on 18 March 2025.
Approximztely 50% of the chaTity's income is derived from voluntary sources made up of contributlons
from LDCS, indlvlduals giving, collectionsl events organised through BDA branches 2nd section5
meeilngs and leEacies. The remaining income Is also received from the dividends from the Charit¢5
investments.
The Trustees remain extremely grateful for the continued financial SUPPDrt received from the dental
community, particularly Local Dental Committees, receiving £114,576 in 2025 from LDCS across the UK
1£118,928 in 20241. A breakdown of LDC contributions is detailed on pages 29- 30 for transparency as
well as acknowledging our supporters individually.
Page 12

The Trustees have reviewed the Charity's financial posltion, reserves and forecasts and are satisfied
that the Charity remains a going concern.
Reserves policy
The Reserves Policy Is reviewed annually and monitored regularly in consideration of the Charity's
income, expenditure and strategic plans. The Charity has unre$tri￿ed funds of £1,201,476, of which
£1,200,939 represent free reserves, being funds that are not tied up in fixed assets or otlierwise
designated. Of these unrestricted funds, £1,098,519 relate5 to investments held to generate income
nd support the long-term sustainability of the Charity. In addition to the unrestricted fund5, the
Charity hDlds expendable endowment funds of £6.570,065.
The BDA Benevolent Fund has been supporting members of the dental profession since 1883, and the
contlnuln8 demand for 2SSlStance demonstrate5 that the Charit￿5 support remains both ielevant and
necessary. The Trustees therefore tonsider it inappropriate to slgiiificantly reduce the investmenl
portfolio, as maintain ing these funds helps ensure the Charity can continue providing support to both
current and future beneficiaries.
The level of free reserves enables the Charity to meet ils ongolng charllable objectives, maintain
continulty of support for beneficiaries, respond to unexpected demand and provide financial stability
during periods of uncertainty.
Tlie Cliarlty cuirently liold5 free ieserve5 iii exce55 of 12 nionth5' e¥penditure. The Trustees consider
this level to be appropriate given the unpredictable nature of demand for 2sS15tance, the need to
maintain financial resilience, the importance of safeguarding long-term service provision and the
Charity'5 reliance on investment income and voluntary contrsbution5 tQ 5UPPOrt it5 aclivitie5.
Investment policy and objectives
The Charity's investments have been managed on its behalf bv Quilter Cheviot since April 2025. Prior
to thls, the portfollo was managed by Investec Wealth & Investment Limited. part of the Raihbolles
Group.
The primary objective of the investment portfolio is to provide a stable and sustainable income stream
to supplement the Charitvs voluntary income. whilst maintèining the long-term real value of the
investments after adjusting for inflation. This approach enables the Charity to meet current demand
for assistance while retainin£ sufficient resources to support future generations of beneficiarie5.
The Charity'5 investment objectives are..
to generate siifficient financial returns to ernable the Charity to carry out Its purposes effectively
and without interruption,-
to maintain, and where possible enhance. the value of the investment portfolio over the long
term,. and
Page 13

to maintain an appropriate balance between capital growth and income generation in order to
support both current and future beneficiaries.
The investment portfolio is managed across a diversified range of asset classes, including equities, fixed
interest investments and cash or monetary assets, in line with the Charity's return objectives and risk
tolerance. The lon8-term investment target is to achieve returns of CPI plus 4% per annum, net of fees.
The Trustees conssder a reasonable level of capital volatility to be acceptable in 5UPPOrt of the Charit¢s
long-term objertlves, whilst malntaining an over211 medium-risk investment proflle.
The Charity applies ethical restrictions to its investments and does not invest in tobacco-relaied
holdings, reflecting both the Charitvs values 2nd the interests of the dental profession. EnvSronmental.
social and governance IESGI considerations also form part of the investment approach, with the
Investment Manager expected to take ESG factors into account within investment analysis and
detision-making processes.
The Trustees receive regular investment reporting throuBhout the year, and the Investment Manager
attends Board meetings at least twice annually to review investment performance, strategy and
portfollo positioning.
Structurei governance, and management
The BDA Benevolent Fund I'the Charity") is an unincoTporated charitable association registered with
the Charity Commission for En8land and Wales (Charlty No. 2081461. The Charity is governed by its
Rules. Amendments to the Rules were approved by the Members at the Annu31 General Meeting held
on 4 July 2023. Prior to this, the Rules were last updated in June 2019.
The Board of Truslees meets quarterly and is responsible for providing slrateEic leadershipi overseein8
the Charity's performance and ensuring that appropfiate governance, financial arbd operational
contro15 are in place. The Trustees are also responsible for overseeinE the work of the Charity's two
members of staff.
To support effectlve governance and oversight, the Trustees operate through three subgroups
overing..
Finance and Governance,.
Marketing and Fundraisin81 and
Grant-making activitie5.
Each subgroup meets between Board meetings and report5 back to the full Board with
retommendations to *upport colleclive discussion and decision.making by the Trustees.
Trustee recruitment, selection and election
Trustees are elected for a term of three years and may stand for re-election by the Members at the
Annual General Meeting IAGhal. Officers are appointed by the Board for a maximum term of slx years.
This structure supports continuity within the Charity while also enablin2 regular renewal of skills,
Page 14

experience and persp￿ttiveS within the Board. As Trustees approach the ènd of their term of offite,
they may choose either to seek re-election or to retire.
Prior to any recruitment process. the Board reviews the existing skills, knowledge. experience and
diversity of the TmsteE body to identify any gaps and inform the recruitment process. I rustee
vacancie5 are advertised through the Charity'5 website, newsletters and social media channels.
Individuals interested tn becoming Trustees are required to self-nominate by submitting a CV and
5upyurtiri¥ stateiriEwit fur iun5idErotiun a￿a￿lISt the role de5oriptiuii awitl the rieed5 Of tlie Cliarity.
F¢llowing a pre-sele¢tion pio¢ess undertaken by the Board, suitable ¢andid)tos are proposed for
election by the Members at the AGM.
The Charity is commilted to supporting equality, diversity and inclusion in line with its EDI PoSicy and
reco8nises the impoitance of ensuring the Board reflects the diversity of the dental profession and
wider society. The Trustees acknowledEed that the composition of the Board had historically lacked
diversity and have continued to take steps to address this through recent recruitment processes.
In recent Trustee recruitment campaigns, applicalion5 have been particularly enctsuraged from
individuals who are underrepresented on the 803rd In terms of background, ski115, experience or
geographlcal locatlon. These efforts have helped improve the dlversiiv and representailon of the
Trustee body and strengthen the range of per5pe¢tives contributing to the Charittys governance and
decision-making.
The Charity began collecting diversity data relating to the Board in April 2024 to monitor progress and
inforrn future recruitment activity. The Trustees consider that positive progre55 has been made in
improving dtversity and representation, although further work remains ongoing.
Trustee induction and training
New Trustee5 receive an induction pack and meet with the Chief Executive to Bain an understanding of
the Charity's activities, governance arrangewnent5 and responsibilities. Trustees are also supported
th rough ongolng tfalning and updates to ensure they remèln aware of relevant legal, regulatory and
governance developments.
All Truslees are required to sign a Code of Conduct and declare any relevant interesls. A register of
interests is mainlained and reviewed regularly. Trustees withdraw frorn d15cussions and deci5ion-
making where an actual or potent131 conflict of interest ari5e5, Wlth this recorded in the meeting
minutes.
Advisory Council
An Advi50ry Council was established in 2020 to help foster relationships and gather feedback from
indivlduals and representatives across the dental profession, some of whom may become prospective
Trustee5. The Charity convenes Advisory Council meetings as required, wlth a maximum of two
meetings per year.
Page 15

Thè inaugural meetinB took place virtually on 14 November 2020, with 513ttendees. No meetings
were held during 2022. Thc third meetin& held virtually on 4 February 2023. focused on expandin8 the
Charity's remit to include support for asylum seeker and refugee dentists.
No Advi50ry Council meetings were held during 2024 or 2025. The Trustees intend to reconvene the
Advisory Council during 2026 as part of the Charit¢s wider stralegic focus on stakeholder engagement,
partnershlp development and settor collaboration.
Membership
Members form an important part of the CharitWs governance structure, providing oversight and
exercislng voting rights at the Annual GeNeral Meeting IAGMI and any Extraordinary General Meetings
IEGMS). Members are also responsible for electing the Board of Trustees, who oversee the Charity on
their behalf. The Charity has three categories of membership-.
Trustees-
Partnership Members, Including supporters, Vice-Pre5idents, donors, and current or former
beneficiaries,. and
BDA members who automatically become members of the Charity upon jr)ining the British
Dental Assotiation.
Therels no fee to become a Partnershlp Member of the Charity. Individuals inierested In becoming a
member are encouraged to ¢ontact the Charity for further information.
Remuneration pollcy
Staff remuneratlon 15 reviewed annually by the Co-chairs and Treasurer, wlth appropriate
benchmarkin8 information used to inform salary decisions and ensure pay remalns falr and
proportionate to the responsibilities of each role. The Charity has three staff members las of 18 May
20261. During the year, one member of staff, the Chief Executive, received remuneration of more than
£60,000 per annum.
Risk management
The Trustees regularly review the major risks that could affect the Charity, its reputation or its
continiied oper3tion_ A formal risk asse55ment is undertaken at least annu3llyi incorporating the
identification, evaluation and monitoring of key risks to&ether with the controls and assurances in
place to mitigate them. Pollcies and procedures are also reviewed regularly to support effective
governance and operatlonal resilience.
The Charity maintains safeguardin& confidentlality and data protectlon procedures approprlate to the
nature of Its work and the individuals it supports.
Page 16

During the year, the Charity identified a small number ol fraudulent applications for support whith
resulted in a financial loss of £9,420 to the Charity. The malter was reported to Ffaud Report 2nd to
the Charity Commission through the Serious Incident Reporiing prtscess in early 2026. Followins this,
the Trustee5 reviewed the Charity's application and verification procedures and implemenied
additional due diligence and control measures to strengthen processes and reduce the risk of similar
incidents occurring in future.
The Co-chairs oversee staff management arrangements, and key operational processes and Contarts
are documented to support business continuity in the event of an emergÈncy or staff incapacity.
The Charity obtains profe55ional advice where appropriate. particularly in relation to legal, financial
nd communications matters. Trustees and staff also undertake relevant training to ensure they
remain aware of current legislation, regulatory requirements and best practice, Legal and regulatory
updates are considered regularly by the Board as part of it5 governance oversight responsibilities.
Page 17

Statement of Trustees, Responsibllltles
The trustees are responsible for preparing the Trustees, Report and the flnanclal statements In
accordance with applicable law and United Kingdom Accountln8 5tandard5 including Flnanclal
Reportin8 5tandaTd 102: The Financial Reporting Standard appllcable In the UK and Republlc of Ireland
Iunlted Kingdom Generally Accepted Acoounting Pra¢ticel.
The law appllcable to charities in England & Wales requlres the trustees to prepare financSal
statements for each financlal year whlch give a true and fair view of the slate of affairs of the charity
and of the income and expenditure of the charity for that period. In preparlng these flnanclal
statements, the trustees are requlred to..
select sultable accountlng pollcies and then apptythem conslstentty;
obsorve the methods and principle5 in the Charlties SORP;
make Judgments and accountln8 estlrnate5 that ?re reasonable and prudent,,
state whethef appllcable accountlng standards have been followed, subject to any material
deparlures dlsclosed and explained in the financial statements, and
prepare the financlal statements on the golng concern basls unless It Is Inapproprlate to presume
that the charltywlll cont4nue in business.
The trustees are re5pon5ible for maintaining proper accountlng records whlch dlsclosè wlth reasonable
accuracy at any time the financial position of the charliy and enable them to ensure that the finandal
SIBtefflents comply with the Charities Act 2011, the Charity (Accounts 4nfJ Reports) Re8ulatlons 20U8
and the provisions of thè trust de￿/cONStitUtion. Thèy a￿ also responsible for safeguardSn8 the assets
of the charlty and hence for taklng reasonable step5 for the prevention and detectlon of fraud and
other irregularltles.
Approved by the Board of TTUStees on 11 lob I IL
and slgned on It$ behalf by:
Dr Molly Deykln, Co-chalr
r Richard Hems, Treasurer
Page18

Britlsh Dental Association Bon8vol8nt Fund
Indeptrndgnt Audltor's Report to the Mornbèr$ of 8rilish Dental Association Bongvol8nt Fund
Oplnlon
We hav8 audited the financial slalements ol 8rilish Den181 A$8ixiation Benevolent Fund Ilhe'¢harity)
for the year ended 31 OeGetnber 2025, which comprise the Slaternenl of Financtal Activilkps. Balance
Sheet. and Ntstes to th& Financial Stalements. including a summary of signlflcanl 2CGounllng polides.
The financial reporting framework that has been applied in their preparation is United Kingdom
AGGounting Standard5. comprising Charities SORP - FRS 102 'The Financial Reporting Slandard
applicable in the UK and Repubk of Ireland and applicable 12w (United lfjngdom Generally Acceptèd
Aecounling PraclKel.
In our C>pinlon the finanual $lalemenls'.
give a true and fair view of the slate of the charity'5 affairs as al 31 December 2025 and of ils
incoming resources and application of resources, includin9 tis in¢ome and expenditure. for the
year then ended",
have been propety prepared in accordance vrilh United Kingdom Generally Accepted Accounting
Pra¢tice', an($
have been prepa￿ in 8¢¢ordan¢e wlh the ¢equirement5 of the Chafilies Act 2011.
Bag19 for oplnlon
We conducted our audit In accordance bmlh InlÈrnalional Standards on Audiling IUKI IISA5 IUKII and
applicable law. Our re5ponsibililies under those slandards are lurther described in the auditor
re5PQn5ibi1ilies for the audit of the financial slalemellts seGlion of our report. We afe independent of
the charity in accordance Mrith Ihe Élhical requirements Ihal are relevant lo our >uclil of the finanGial
8lalements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhital
respon5ibililies in accordance with these requirernen15. We believe that the audit evidence we have
Dblained 1$ Suff￿lent and appropriatÈ lo provide a basis for our opinion.
Concluslons r•latlng to golng concom
In audtling the financial slalem8nts, we have cencluded that Ihe trustees use of Iha going concorn
basis of accounting in the preparation of Ihe financial slatement5 is appropriate.
Baspd on the work we have performed. we h8ve nol idenlifipd atly material uncertainties relating lo
8venl$ or conditions Ihal, individually or collectively. may ca81 signific8nl doubl on the ch8rily s ability
to continue as a going concern lor a period of al least twelve months from when the original financial
$latetnen15 were aulhorised for issue.
Our reswnsibililies and the responsiblilies of the trustee$ wilh respect t¢ goin9 concem are
described in the relevant seelion$ of this report.
Olher informatio
The IrLislees are responsible fDr Ihe Dlher infomation. The oth8r inforrnalion comprises the
informalion included in the annual report, other than Ihe financial slatemenls and our auditor's report
thereon. Our opinion en the financk41 siaiemenl$ does not cover the other informaiion and, except lo
the exlenl olherwse &xplicilly slated in our report, we do not express any form of assurance
concllision Ihereon.
In Conn￿110￿ wlh our 3udil of the financial slalemenls. our re5ponsibilily is to reaij the other
l￿fOrMall0￿ and. In doing 50. COll51der whether the olhEr information Is materially incon5151ent wilh the
lin£ncial slalenienls oc Our kiiowled9¢ oblaiil¥d I'.1 Lhe aodil or olh¢cwS¢ épyeais lo b¢ Iiial¢iiolly
misslaled. If we ideDlify such maleiial incon51step.cies or apparenl malerial rnisslalemenls, we are
required lo determine whether there is a maierial misst3iernent in the finaricial staiemenls or a
m21eii81 misslatempnl of the other InfDimalion. 11, based fjn the vwgrk we hHve perforD)ed, we GgnGlutle
that there 15 a material misslalerllenl ol this other Info¥nialion. are required lo repori that fact.
Page 19

British Dental Assoclatlon B¢ngvvl•nt Fund
Indgpondant Audltorf¥ Rgport tD tho Mornbor5 of Brltish Dentsl Association 8&n8vol6nt Fund
Icontsnu•d}
We have nolhin9 lo report IN this regard.
Mattgrn on whlch wo arè r9quirgd to report by oxceptlon
In the Ilght of our kno%trledge and understanding of the ch￿lty and it8 environment obtained In the
course of the audit, we have not identified material mi$ststement5 In the Trustees. Report.
We have nothing to r¢port in resped of the fdK)wn9 matter$ hvhere the Charitie5 (Accounts and
Reportl Regulati￿$ 2008 requi￿5 u5 lo report lo you if. in our opinion..
adequale a¢oounling r•¢ords have not been k8pI, or returns adequate for our a￿￿1 have not been
received from branthes not wsiled by us." or
the financial st8tement8 are nDI in ag￿eMent wth the aceounting recorés and returns., or
cemain dlsclosures of trustees remuneration specihèd by law are not made., or
wo hav• not received all the information and explanations reqLtire for our audil.
Respon$lbllltlo$ of tWU8109$
As explalned rnore fvlly in the Slalement of Trustees. Responslbililies (set ¢L# on page 17 and 171, the
trustees are responsible lor the preparation of the fin8nclal siatements and for being satisfied that
t*ey glve a true and fair view, and for such intemal ¢onlr¢l as the trLlSlees delemiine is nece$88ry 10
erbable the preparation of financial slatemenls Ihat are free from material mis$ialemeni, whethèr du
to frau¢J or error.
In preparing the financial statements, the Irusloos are ￿Spon$Fble for a$$essing the charills 8bl￿tY to
¢onlinue a$ a going ¢on¢em, di$¢losivg. as applicable, malters relaied to going con¢ern and using the
glxng concern basis of ￿counting unless Ihe tnislees ?rther intend to Iiquidatg the chafity oi to cease
Oporalions. or havo no r8ali$lic allgiThplive but tv 50.
Auditor R05pon$lbllltlo¥ lor the Jvdit ol th¢ financial gtat¢mgnts
Our objectives are to obtain reasonaNe assurance obout whether the finarlcial statements as a whole
are free from material misstatement. vthelher due lo frau¢5 or error, and to Issue an auditor's repart
that In¢lude$ our opinion. Reasonable a$suran¢e is a high level of assurance. b￿t Is not a guarantee
that an audit conducted in actordance with ISAS IUKI %%il1 a￿yS detect a material mlsslalem2nt
en il exists. Misstatements can arise from fraud or errv and are ¢onsidered m8lerial il, individually
or in thè aggregate, they could reasonably be expe¢led lo innuen¢e the e¢onomic decisien5 01 users
taken on the basis of these financial statements.
The exlenl lo %%l)ich OLtr procedures are capable of deteeling I￿gularItIeS, IrKluding fiauil 15 detailed
below..
Idenllfylng and a$se$stng p¢tenllal risk$ of material misslalernenl due lo i￿egUlaritieS
We considered the following when identifying and assesslng risks ol material ml$slalement due i
Irregularittes, including fraud and non.cempliance wlh laws and regulations..
the lega1 and regulatory framework in which the chaNty operates
the Sector in the charity DP8rates
the Control environment and conlrols established to mitipète such risks
the results ol ¢ur ertquiriès Of management about their idenlifitalion and a$$es$ment of ri$k$ of
dls¢ussion$ wilh the audit engagement team about where Iraud Might occur
the inconlives for fraud.
Page 20

British Dental Association Benovolent Fund
Indepgndent Audrtorfs Report to the Mgmb8rs of 8Tltish Dentsl A$$oGiatlon Bongvtsl8nt Fund
Icontinuedl
La￿ and regulations vihich are considered lo be si9nificanl to the charity Include those relaling lo the
requiremenls of financial repotyng framework FRS102, the Charities A¢1 2011. UK lax legislation,
employment law and health safely. In addition, we Gonsider other laws and regulation which may
not direcuy Impact the financial slalements bul may Impact on Ihe operation of the charity.
As a result of these procedures we concluded. in accordance wth Internation81 Auditing Standards.
that a risk in relation lo the potential for management oveiride of Gontrols existed.
Audit responses to risks identified
We undertook audit procedures lo rÈspond lo the risks identified. 2nd designed our audit lesling lo
respond lo these risks. The additional procedures we undertook included the follo￿l￿g.
gaining an understanding of the charity's procedures for ensuring compliance wilh laws and
fegulalions
lesling the appropri)lenes$ of journal entries and Other adiuslmenl$
considering vA)elh&r accounting Èslimales were indicabve of potential bias
con51d8ring vknelher any transactions arose outside Ihe normal course of business
moking enquirie$ of management
corroborating our enquiries through feview of Board MinL*tes and correspondence.
We Hlso Gommunicaled relevant laws and regulations potential fraud risk$ to all engagÈn)enl
team m&mbers and remained alert to any indicators of fraud or non-compliance with law5 and
fegulalions throughout the audit.
A further description of our responsibilities is available on the linan¢lal Fieportlng Councll's webslte
al.. frc org iiklaudilorsresponsibililies. This description forms part ol our auditor's report.
U58 of our report
Th15 reporf iq made solely lo Ihe Charity IrLislees, as a body. In accordance with Part 4 of the Charities
IA¢¢ounls and Reports) Re9ulalion$ 2008. Our audit Wofk has been undertaken so that we might
state lo the Iruslees Ihose n1811ers we are required lo slate lo trustees in an auditors, report and for i)0
other purpose. To the fulle51 extent permilled by law. we do nol accept or assume respons1bilily lo
anyone olher Ihan the charity and it$ tru51ees a5 a botly. for our audit work. for this report, or for th&
opinions we have formed.
LLP
A C Mole LLP. Statutory Auditor
Slafford House
Bla¢kbr¢>ok Park Avenue
Taunton
Somerset
TA1 2PX
Dale"..
A C Mole LLP Is elioible for appointment as auditor of the charity by wrtue of ils eligibility for
appoinlmenl as auditor of a company und&r section 1212 of the Companies Acl 2006.
Page 21

Brltbsh Dental As$oclation B•n•volènt Fund
stat•m•nt of Flnan¢lal Activities for the Year Ended 31 Docgmber 2025
Unrestricted EndovM•nt
furKIs
funds
Total
2025
Note
Incorno
Donations and legaeies
Inv$$tm8nt income
235,380
164,324
235,380
164,324
Total in¢ome
399 704
399.704
Expendllur
Rai5in9 lund$
Charltable activities- grants payable
Support and governanc8 cost8
Other expenditure
Non-charilable expenditure
14,5341
1270,1631
(187,7371
11501
9.420
128.9311
133.4851
1270,1631
1167,7371
18821
9,420
Totsl expenditure
Gains on ifftveslment ass•ls
1452.QNI
74.$4Q
129,7931
429,407
1481.7971
503,947
Nd income
22,240
399.614
421,854
N81 mov8m•nt in funds
22.240
399,614
421,854
Reconciliation of fund¥
To181 funds brou9ht fprward
Total funds carried forward
1,179,236
6.170.451
7,349,687
15
1.201.476
6.570.Q65
7,771,541
Unrostrictéd
fvnd$
Endovlmont
funds
Total
2024
Note
Ineome
Donations £nd legade8
Investment intome
189,145
188,119
189,145
188,119
Total income
377.264
37T.264
Exp8ndlturg
Raisin9 fund$
Charitable activitie5 sranls payable
Support and governance costs
15.3391
1181,3501
168,038
133,0711
138,4101
1181.3501
168,038
Total expenditure
Gain5 on investment assets
1354,7271
51,583
133,0711
297.15Q
1387,7981
348.733
Net Intome
74,120
284,079
338.199
Net movement in funLIs
74,120
284,Q79
338.199
R8conciiiation olfunds
rolal funds broughl foThvard
Total thnds tarr*cl forward
1.105,116
5,906.372
7,011,488
15
1,179,236
6.170.451
7 349,667
The not&s on pages 24 to 38 form p2rt tsf IhÈse flnancial 5talemenls.
Page 22

8￿t￿h Dentsl As8oclattan Benev(Jlw)t Fund
(Regtgtraiion numhr. 2081481
BalanEe Sheet a¥ et 31 DK*mb•r 2025
2025
2024
Flxed ass￿9
Tanglble a$$ots
Inveslments
537
7 675,294
7675 831
895
7.316.288
7,317,183
12
D•blor$
Cash al bank and In hand
13
63.099
74.275
137,374
41.664
11.754
60,347
72,101
39,S97
CRdltor•,' Amounis f4111ng dua wlthln on* y¥ar
Net ¢urronl u80ts
Nètmssets
14
95,710
7 771 $41
32,504
7,349 687
Pund8 of tho charfty:
Endownent fund•
Unr¢$Irtct￿ I￿ndS
8,570.1x5
1201476
6,170,461
1,179,238
7.349.687
Total lund$
15
7,77t,541
The sldemen15 on pagÈ$ 22 10 38 were approv8d by the tsustees. ar￿ authorised for Is$u&
onj
bl1&.. and $vJned on th6lr bohaif by..
Dr
Chairmo
Dr
olty Deykln
Chairman
The ￿188 on pages 24 to 38 lortn part of Ihe80 financlal 8tstemenl¥.
Page 23

British Derrtal Association Bertwolont Fund
lot05 to the Financial Slatwn8nts for the Year Ended 31 0ecgmb•r 2026
1 Accounting polt¢l85
Stat•m8nl of compllanco and bas56 of preparatlon
The financial sl&temenls h8ve been prepared under the historical cost convention wlh items
recognised at cost or transaction value unle&s Stat￿ other￿lSe wthin Ihese notes. The financtal
$tatemenls have been prepared In accordance wrth Acccuntin9 and Rpportill9 by Charities. Statement
of Recommended Practice appI￿able to charities preparing their accounts in accordance wrth Ihe
Financial Reportsng Stanéard applicable In the UK and RepLfblic of Ireland IFRS 1021 (issued October
20191 . (Charities SORP IFRS 10211, the Financial Re￿￿n5 Slandaid applicable in the United
Kingdom Republic of Ireland IFRS1021. and the char￿eS Acl 2011.
British Oental Association Benevolent Fund meets the definition of a public benefrt entity undei FRS
102.
The presentation cuirency of Ihe financial slalements is the Pound Sterling 1£) rounded to the nearest
pound.
Gc*lng ¢on¢ern
As part of the trustee's assessment of going concern, they have wepared cash fiow projeclions.The
prole¢tion6 have boen prepared on an approprlate basls. taking into account the currgnl economic
conditions that exist.
After making apwopriate enouliies. the trv$lee$ have ￿8$¢nable expe¢laÉlM that the charity has
adequate re50urc&s lo enable to il to continue in operational existence lor the foreseeable fvture. The
trustees therefore believe that the going concern ba51S Is still appropriate and have prepared Ihe
aG¢ounls on going wllcern basis.
Incomè
All in¢¢me 1$ re￿9￿$¢￿ when the ¢harily has enlillement to the irn¢ome, rt 1$ probabk that the in¢ome
wll be received ancs the amounl can be measured hmth $ulfieienl reliability.
Donatlons and1•gacl•$
Donations and legacies are recognised orn a receivab￿ basis when re¢elpt 1$ probable and Ihe
amounl can be reliably measured.
Investment income
Inveslmenl income is accounted for on an a¢cruals ba&is.
Exponditurfr
All expenditure is recognlsed once there is a legal or conslruclive obllgalion to thal expendrture. tt l#
probable settlement is required and the amouTht can be rnea5ured reliably. Al costs are allocated to
the appliGable expenditure heading th31 aggregale similar ¢osts Its that calegory. Where ctssis cannol
be dif*iiy #tiribuled lo p>rti¢ul¥r headings they have beert allo¢¥ted on a ba$is ton$isl*nl wlh
Lise of resour¢e$. with central staff costs allocated on the basis of lime Spent, and depre¢iation
charge5 allocated on the portion of the assel's use. Other support GO$t5 sre allocated based on the
spread of 51alf cosis.
All resour¢e$ expended a￿ in¢lusive ol Ir￿cOvera￿le VAT.
Page 24

British D8ntal Association 8enÈvolBnt Fund
NotOS to tho Financial Ststem8nts for the Year Endod 31 D6cember 2025 Icontlnuedl
Rai$ing funds
These are G051s incurred In allracling voluntary income. the management of investments and those
Incurred in trading aclivilies that raise funds.
For4lgn ox¢hango
Included yrilhin othe¥ expenditure Is loreign exchange. Transactlons In foreign cwrenci&s are recorded
at Ihe rate ol exchan9e al the dale of the Ir8nsa¢lion.
Charitable actlvlties
Charitable expendilur? comprises those costs inc¢Jrred by th8 charity in Ihe deliv8ry of its activities
and servlces lor ils beneficiariE5. It includes both costs that can be allocated directly lo such aclNilie8
and those costs of ali Indire¢l nalure necessary to support them.
Grant provlslons
Provision5 for grants are made vthen the Inlenbon to make a grant has been communicated lo the
re&pient but there is uncertainty abDUt either the tirning ol the grant or the 8mount of grant payable.
Support C08ts
Support ctrsls Include ¢enlral lun¢li0115 and have been allocated lo aGlivity cost categories on a basi5
consislenl with the use of resources. for example. allocaiing property ¢C>$l$ by flo¢r area$, or per
capita, siafi costs by the lime $peni and Other ¢osl$ by their usage.
¢3overn4nie rost$
The$e Include the cost$ allribulable to the ¢harity'S ¢ornpliance ￿th conslilulional and statutory
requlremenis, Includlng audil. straieglc man8gemeni 3n¢ Iru51ees tlleeling5 an¢ reirnbursed
expenses.
Taxation
The ¢harily is a registered ¢haiity and Is, therefore. exempl from liability to iaxalion on Its income and
capilal 9ain$. to the exlenl that they a￿ applied f¢r ¢harilable purpo$es.
Ouring the year the charity incurred £9,420 cf non-charilable expenditure therefore will be Subject
lo laxalion on this amounl.
Tangible fixod a8sots
Individual fixed assets costing £100 or more are initially recofded at cost. less any Subsequent
accumulated depreciation and suljsequenl accumulated Impairment losses.
D•preci¥tion and amortisation
Depiecialion Is provided on tangible fixed assets so a5 to wrile off the ¢9$1 or valuation, less any
e$limaled residual value, over their expected u$eful e¢onomiG life 35 follows.
A558t class
Office Equipment
Depreclatlon mÈthtsd and rat
200A Slraighl Line
Page ?5

British Dontal Assoclatlon B•novol•nt Fund
Not88 ¢0 th* FlnanGral Statements IOT th8 Year End8d 31 Dec&mbor 2025 Icontinuodl
Flxed 4$set Investments
Listèd investments
Listed investments are H l¢Jftn of basic financial instrument and are inits.auy recLunised al their
transaction value and subsequently measured at lair value atthe balance sheet date using the Gloskng
quoled marktsl prfce. rhe Statement of Financial Actlvilies inGlude5 the ngt gains and losses arising
on revaljatlon and disposa15 Ihroughout the period. The Charity thes not acqulie or use pul options.
derivatives or other complex financial instruments.
Reallsed galns and108ses
All gains and losses are taken to the statement otfinaneial aclivith.es as they arfse. Reallsed galns and
losses Invèstments are calculated as the dIffe￿nCe behyeen sales proceeds and Iheir opening
¢airying value or their purehase value if acquired Subsequent to the first day of th& financial year.
Unrealised gains and lo$$es a￿ cakulaled a$ the differen¢e between Ihe fair value al th• périod •nd
and their carrying valuo. R¢ali$ed and unfeali$ed investmeThl gains and losses a￿ ¢omtsnetl in the
Slatemenl of Financial A¢iiviti85.
Cash and cash equlvalent5
Cash and ¢a$h equwilent5 comprise cash on hand and cal deposits, and other short-temi highly
hquld Inve$lment$ that a￿ readity ¢onvertible lo a known amount of cash and are Subject to ars
In819nificanl risk of ¢hange in Value.
Fund structure
Unrsstricted income fund5 are general funds Ihal are available for use at the trvslees discrebon in
furtherance of the objectives of the charity.
The Gharity has a single expendable endovmienl fund. Th@ expendable endowment and 8ddillons
thereto are to be inve$led and the incorne used for any puipose al the discrellon ol Ihe Iru$té88.
Pen$lons and other post retirement obligatlon$
The charity operates a defined contribution Pen$￿Tr scheme which is a pension plan under which
IixEd contributlOn5 aiE paid Mto a pension fund and the eharily has no legal or con5truclNe obligation
lo pay further conlributions even if the fund does not hold sufficient a$$el$ to pay all employees the
benefits relating to employee Se￿iCe in the Current and prior petiod$.
Contributions to defined Conlnbution plans are recognised in the Statement of Financial Aclivitie5
when they are due. If conlribub.on payments exceed the contribution du8 for s8Nice. the ex￿55 15
recognised as a prepayment.
Flnancial instruments
The Charity only enters into basic financial Instruments that result In Ihe reeognitign of fiThon¢i810&$¢ts
arbd lis￿￿1•5 such 8$ tradè and Othèr éeblor8 and ¢r&itors.
Debt inslrumenls, such as trade debtor$ and creililors are inibally measured al Iran$a¢tion price and
$ub5equtnly measured ai amortised cost.
Financial assets are a55e5sBd at the end of each reportin9 perirxl lor objective evidence of
impairment. 11 objective evidence of impairrnenl 13 lound. an impairment Ioss 18 recogn15ed in the
Statement of Financial Activities.
Non charltable 6xpendlture
Non charitable expenditure ￿p￿SentS Ihe loss lo the Charity during Ihe year arising from grant
aPpI￿allOnS whi¢h W¢fe paH1 out which were subsequently idenlilied as being fraudulent applicalions,
Page 26

Brit15h D*ntal Association Benevolent Fund
Notes to the Financial Statemonts for th8 Year Endod 31 Dgcomber 2025 Icontinuadl
Critical Accounting Estimates and Judgements
The preparation ol the financ131 slaleMÈnls in tcthformty *ilh FRS 1e2 requires management to make
iudgetnpnls, eslimalÉs 2nd 8s$iimplions that affect the application of Poli￿e5 reported amounts of
assets and liabilities, income. and expenses.
Estimates and IL*Jgement8 are con￿nuallY evaluated and are based on hl$lorl¢al expe￿enCe and other
factofs, includin9 expectation5 of future events that are believed lo be rea60nable under the
¢lr¢ttmsl2nces.
The Charity makes e51irDales and assumpiions cencerning the fUt￿re. Th8 resulting accounting
eslim2tÈs will. by dtfinilion, seldom equal the related aclual results. The Tru5tee$ conslder Ih21 thÈrÈ
are no trili¢al accounling eslim8les and judg•menls hav• a sig#ifieanl ri$k of ¢au$in9 8 malwlal
adjuslmenl lo Ihe carrying atnounls of a$$el$ and liabilities within the next financial yeJr.
Paoe 27

8ritTrsh Dental Association Ben6volent Fund
Notes to tho Financial Statemonts for tho Year Ended 31 Docember 2025 Icontlnu8dl
2 Income from donatlons and 18gaclos
Unrestricted
funds
Total
funds
tlonalions from LDCS
81illsh Dental Association's Branches
Oonalions from Indlwduals
Legacies
othtrrs
114.576
16,700
29.462
51,DO
23,842
114,576
16,7
2g,462
51,000
23,642
235 380
Total for 2026
235.380
Donations from LDCS
Brillsh Oental Associa￿'¢n,$ Branches
Donations from individuals
L¢ga¢ie$
others
118.928
13,5Q2
12,036
1,OQO
43.679
118,928
13,502
12,036
1,000
43,679
Total for 2024
11
189,145
189,145
PauÈ 28

British Déntal Association Benevolent Fund
Not•5 to the Financial Stat8mpnts for the Yoar Endod 31 Docombor 2025 (Gontinuedl
Detail of dona150tbS from LDCs-
2025
2024
Barnel LDC
B3rnsley LDC
alderdale & HuddersfiÈk LDC
Camden & Islington LDC
Cumbria LOC
Derby LOC
Devon LDC
Dorset LDC
D5rf•d Povrys LOC
East Lantanshi
East Riding LDC
East SusseK
Enfield and Haringey
Essex LDC
Gloucesl?r LDC
Hampshire & l$le ofwighl & Hants IOW LDC
Hanls LOC
Hertfordshiie LDC
Kent LDC
LDC Goi)feren¢e
Leeds LDC
Leicester LDC
Lincolnshire LDC
LwÈrpool LDC
Loc Oenl ciee Er LDC
Norftslk LDC
North ryne LOC
North West London
Norlhamplonshire LDC
Norllianls LOC
Northern Ireland Levy Fund
Oxfordshire LDC
Redbridge & Wallharn
Northumberland LDC
Rolheiham LDC
Sasford LOC
Sellon LDC
Sheffield LOG
Stsmerset
South Chesh1re LDC
South East London LDC
South Humber LOC
South Wesl London
Slhlolk LDC
2.000
1.000
1,500
500
1.000
8.000
1.194
5.000
2.OOC>
1.000
1,500
1,160
10.OOD
5,000
3,000
1,500
2.500
900
1,650
5,165
3,000
5,000
6,000
4,000
2,000
1,369
1,000
10,000
1,600
4,000
1,500
1,100
4,000
3.000
9.000
2,000
4.000
4.000
1,629
1,000
10.000
1.600
4.000
3,000
1.000
1,168
1.163
2.500
7,500
2,000
2,000
4,SOO
1.000
500
1,770
3.000
2,000
2.000
l.DOO
500
1,800
750
1.000
8.000
4,000
Page 29

Brfjti5h D•nlal A55QGi4tion B•n•volent Fund
Notos lo the Financial Statements for the Year End8d 31 08c8mb8r 2025 Icontinuedl
2025
2024
Sunderland LDC
Surrey LDG
wakef￿ld LDC
Walls311 LDC
VVarwGkshirp LD¢
Vvest Penine LDC
VV8St Sussex LDC
Wittshire LDC
Wirral LDC
olverhampl¢n LDC
700
5,000
1,000
500
4,188
5.000
2,000
12.000
3,120
3,000
1,000
2,500
soo
500
114.576
118.928
3 Invo8tmont income
Unr95trlcted
funds
Total
funds
Interest received ert investment porlfolio
Interest receivable and similar income
163.753
571
163.753
571
Total for 2026
164.324
164.324
Inte￿￿t received en Investment portfelS0
Interest receivable and 8lmilar income
167.627
492
187.627
492
Total for 2024
188,119
18B.119
4 Expenditure on raising funds
al C05t8 of trading acllvltles
Endow¥nei)t
fund$
Uiir?$trl¢l
funds
TotNI
funds
FJndfai$in9
Total lor 2025
3,240
3,240
3,240
3,240
Fundiaising
2,220
2,220
Total for 2024
2,220
2.220
Page 30

BTlt15h Dgntal A559Gialion B•n*vol*nt Fund
Notes to tho Financial Statements for the Year Ended 31 DoC8mber 2D25 Icontinu8dl
bl Investmenl managernent Go¥ts
Endowm•nt
funds
Unro$tii¢te
fuThds
Total
funds
Oth¥r poTifu11u fii4lll&lyVtTiviil Lus1¥
28,691
4,J34
30,225
Total for 2025
25,fj91
4.534
30.225
Other portfolio management costs
30,851
5.339
,190
Total for 2024
30.851
5.339
38.190
S Exp¢nditure on ¢haritabl¢ a¢tlvFlies
Vnr¢$trictèd
funds
Total
funds
Notè
Grant funding of aclivities
Allocated support tosts
Goveinance cost$
270, 163
141,197
26,540
270,183
141.197
28.540
Total for 2025
437,900
437.900
Grant funding ¢f aeiivitie$
Allocated support tosts
Guvwnance costs
181,350
139,882
28,156
181.350
139.882
2e.156
Total for 2024
349,388
349.388
The charity undertak85 its charitable activities through grant making. Grants are paid lo individuals
direclly lor lo a third party on their behalfj and vary according lo circumstances In furthefance of It5
Page31

Britlsh Oontal Association Benevolont Fund
Notey to th& Flnan¢lal Statom•nts for th8 Ygar Ended 3108c8mber 2025 Icontinuadl
6 Support ¢o$t$
Unr85tricted
funds
Total
funds
qIAff eo$l<
General office costs
Marketing and wblicity
Depreciation. am¢rti$alion and other Similar ¢o$l$
Travelling expenses
Total for 2025
99,038
13,471
25,534
359
2,795
99.038
13,471
25.S34
359
2,795
141.197
141.197
Staff costs
General ofllce ¢ost8
Mafkeling and ￿bI￿llY
Depreciation, amer￿latiON and olh¢r Similar ¢o$t$
Travelling expense$
Total 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
Page 32

Brit15h D•ntal A55oGiation B•ngvolent Fynd
Notes to tho Flnancial Statements for the Year End8(131 Dec8mb8r 2025 Icontinuedl
7 Analy$ls of yovernan¢e and $upport Costs
upport ¢o$l$ allo¢#ted to ¢harktèblo ¥¢tivitie$
other
support
¢ost$
Gov¢rnanc¢
costs
Total
2025
Ba$1$ of
allocaiion
Slafl lime
Staff lime
staff cosl
Gerter81 office costs
11,004
1,493
99,038
13,471
117.,509
110,042
14,964
125,006
12,497
Other
support
costs
Gov•rt)an¢•
costs
Total
2024
Basi8 of
allocatlon
Stafl lime
Staff lime
Staff CDSI
Gerneral offl¢e costs
10,942
1,585
12,527
98,474
14.301
109,416
15,886
125.302
112,775
Gov8rnancè costs
Unr8$tricted
funds
Total
funds
Staff cosl
AGM and Iruslees, meeling costs
Ceneral office costs
Siibsc¥iplions, Iicence5. fees and Iiaining
Auditor's [emuneral￿n
Acwunlancy
other kgal and profe55ional fee5
11.OQ4
1.854
1.493
9>3
4.11
3.57
3.516
11.004
1,854
1,493
gy3
4,110
3,570
3,516
Total for 202$
26,54Q
26,540
Staff cos15
AQM and Iru$tees' meeling co$¢$
Gerberal olfi¢e ¢fJsIs
SubscriptiDns. licences. fees and training
Audilor's remuneration
Acc¢unlart¢y
Other legal and professional fees
10,942
4.127
1.595
1,068
3.87Q
4.200
2.364
10.942
4.127
1,585
1,068
3.870
4,200
2,384
Total for 2024
28.156
Page 33

8rlt15h D•ntal A55OGidtion B•n•vol•nt Fun
Not￿ to the Flnan¢lal Statem8nts tor tha Year Ended 31 Oocomber 2Q25 lcontinuodl
Net Incomellexpondlturel
Net In¢ome for Ihe year ir￿ludes..
2Q25
2024
Audil0¢5 remuneratlon- for audit service8
Auditor'$ remuneration- for accountancy servi¢e$
4.110
3,570
3,870
4.20Q
7.680
8.Q70
9 Staff costs
The aggiegale payroll costs were as follows".
2026
2024
Staff costs durlng the year w8ro'.
SalariE5
Soci81 security us1$
Pansion costs
101.183
2.807
6.052
96,696
5.79Q
e.93Q
110.042
109,416
The average number of person5 employed by the charity wa5 2 12Q24". 21. No TIu51ee reGeived any
remunoralion12024. nonel. Expernses lolalling £1,14812024". £1,1331 ￿1mbur5ed to 4 12024.. 41
Tru4t••s to •nable attendance al wnepting%.
The CEO and Tru$tee8 are COns￿er8d to be key management pwsonnel, Key management
rsonn81 remuneration totalled £95,34012024". £90,QQ81.
One employee reGeived ernolurnents ol morÈ Ihan £60.000 during thè y8ar12074. One).
The nurnber of employees whose emolument$ fell within the lolMin9 bands wa$.,
2025
No
2024
£70,001 £80,000
10 Taxatlon
The Charity is a registered ¢hafily and is Iherefofe exempl from taxat￿￿ on it5 incorne anEI Gapital
9ain$ to the extent ￿01 they are opplied for eharitable puipo$es.
uring ihe year the charity incurred £9.420 of nc>n-charitabte expendiiuie and therefore will be subje¢l
lo taxation Dn this am¢unl
Page 34

British Dental AssoGla¢lon Bonovolgnt Fun
Notes to the FinanGial Statgmgnt5 for the Year Endod 31 Doc8mb8r 2025 Icontinuedl
11 Tanglble flxed as89ts
Furnituro and
equipment
Total
¢o$t
At l J2nuary 2025
1.793
At 31 December 2025
1,793
1.793
Dopr¢ci¥tion
Al l January 2025
Charge for the year
898
358
898
3s8
Al 31 December 2025
1,256
1,256
Not book valuè
Al 31 Decernber 2025
537
537
Al 31 December 2024
895
895
12 Fix8d a8S8t invèstmènls
Lls¢ed Inveslments
2025
2024
Cost or Valuation
Al 1 January
Addition5
Disp05als
RevalLialion
7.116,796
5,228,819
IS,335,9591
525,444
7.535,100
140,194
6.929,800
1,507.068
It.644.7351
224.663
7.116.796
199,492
Cash held In investment portlolio
Nei book value at 31 December
7.675,294
7,316.288
2025
2024
Investments at fair valuo compris&d:
UK fixed interest securities
UK equilies Iinc. properly)
Foreign Fixed iiileresl se¢urili?$ and equilie5
Alternative BssEts
869.190
274.541
5,660,250
731.119
1.227,383
584,251
4.683,739
621.423
7.535.100
7,116,796
Page 35

Brttlsh Dontal ASSQGiation B￿•VOI￿nt Fund
Not•S to tho Financial Statements for the Year Ended 31 ()8cembor 2025 Icontlnuodl
13 Oebtors
2025
2024
Prepayments
Aeefued legacy income
Olhor debtors
4.077
50,000
9,022
63.099
813
10,941
11.754
14 Credltors.. amounts lalllng due wlthln one year
2026
2024
Other tredilors
Ac¢rual&
25,230
16,434
41.664
26,983
12,614
39,597
P8ge 36

Brit15h Dgft41 A55oEl4tlon Benevolent Fund
Notes to the Financial Ststements for the Year Ended 3108cember 20ZS Icontlnugdl
13 Funds
8alanc8 at
Balance at 1
January
2Q25
othèr
recognlsed Decombgr
galn$
2025
31
In¢ome
Expendltur¢
Unreslrlcted fund$
Unreslrieled funds
1,179,236
399.7
1452,0041
74,540
1.201,476
Endowment funds
Expendable
5.17Q,451
29,793
429,407
6,570,065
Total fund6
7,349,687
399,704
481,797
503,947
7.771,641
Balance 8t
1 January
2024
other
rotogiilsed December
gaSns
31
Incom6
Expenditure
2024
unréstrict￿ funds
Unrestricted funds
1,105,116
377.264
1354.7271
51,583
1.179,236
Endowm•nt funds
Expendable
5.906.372
133.071
387,798
297,150
6,17Q,451
7,349,687
Total fvnds
7011.488
377,264
348,733
The expendable endowment is to be inve51ed and tho In¢ome u$¢d for any ¢harilable purpose al the
discrelion of the tru5tee5. The expendable endowment may 81so be sp?nt al the absolute discreiion of
the Iru51ee$. The unrestricted In¢ome fund may be applEd for any purpose al the discretion of the
trustees.
Pag& 37

Brltlsh Dental AB¥ocFalion B8n8volont Fund
Notes to the FinancTral Statem¥nts for tho Year Ended 31 DoGomb8r 2025 lconts"n￿d1
16 Analy$l$ of ngt a¥$ot$ funds
Total funds at
31 Dec8mb8r
2025
Unr•strict•d
fund¥
Endov47nant
fund$
Tariglble Iixed assets
Fixed a$$el inve3tfflEnts
Current #SS6ts
Current liab4itl88
5J7
1,098,519
88,294
33,874
537
7,675.294
87,374
41,664
7.721.541
6.576,775
1,080
7.790
Total net as$ots
1,151,476
e.570.oe5
Total funds at
31 D¢¢embgr
2024
Unrèstrktèd
fund$
EndowThgnt
funds
TangiLle fix￿ assels
Fixed a$$et Investments
Current assets
895
1,138,132
72,101
31,8921
895
7,316,288
72.1CII
6,178,156
7,705
Total rnet 35sels
1,179.236
6,170451
7,349,687
17 Related party tr4n$a¢tlon$
There were no related party Iransaotions in Ihe year12024- Nill.
Pa9e 38