REGISTERED CHARITY NUMBER: 0264173 R• rt Oft Trusitts and orTheYear Ended 31 hsoc for aNI ots1 TC Bromhead Linit& Harscomte H(xJse 1 Damake Ptyrll<)uth PL6m
The Brlllsh Soel• for Cyal and Dental Research Ctstnts of tha Financlal Ststements For Tho Year Report of th• Trustè•s 2 to 4 Independent Examlnerfs R¢wrt Statement of Flnanclal A¢tl¥lll8S Balance Sho•t Notes tothe Fknancla] Stst*)wts 8 to 14 15
Th• Brltish Soeiè for Oral and Dontal Research Refarenca For Th8 Year 31 Dècember 2024 TRUSTEES DrAAJaM {rèsunod 1.11.241 Or Z BrTh)kes Professor P Andewn Fknfessof T Watson I$Vaned 31.11241 DrA J Cre5swdl-Btsyes lappoiDteLI 27.8.251 PrO1R Wad¢&rW lapwnied 27A.251 PRINCIPAL ADDRESS Rc¥Nns 120.'5 Bancroft Bu1ry Queèn Klary UniversityofLondan End Road E1 4NS REGISTERED CHARrrY NUMBER 0264173 INDEPENDENT EXAMINER TC Brornhead Limited 1 Darklake PL6TfL INVESTMENT MANAGERS EV Parln2rs 45 Grè$1 Street EC2V 7BG BANKERS Nah¥est Bank P LEd SE1 1TJ
Tha lI•sh SIety for Oral and Dentsl Resear¢h Re rt ofth• Tn••9 ForThe Year Ended 31 December2024 The irust8es wesent Ihgir report with lh& finanoal slat&ments of the charity for the year ended 31 Dmber 2024. The tslee$ have >Jopted the prOvlOn$ ol Accn.j ReF(ting by Chanties.. Statement ol Rec¥)mmended Practice appli¢the to charities prepanng their acC4Xts w) actsyd&)c¢ Rw¥bng Standard applicable In the UK and Republi¢ of Ireland IFRS 1021 Ieffective 1 Jarv-w20191. OBJECTIVES AND ACnVITIES ObJ•ctlves and alms The objectives and activthes oflhe Soiiety we a5 folkyws: - To advance research arKI ir)LYvase knoww fLYthe iniprov8m8nt of¢xal h8alth in ts unl IQBdorn. - To 8UPPOrt and r8pres8nt tha or81 h8aEth reS8h ¢Jynmunty in the VIC - To erurage eaty Teer researthers, wilh dental andlty Scie waJffjKabcK)s. to be invow in ool and dsntal seor¢h - To facilitate th& dis8enw)alt(n and ap["¢all of researth fvJin&¢ rdab"NJ to oral heath and interactions befften OMI and systemic heatth. - To foster the devewnent of intamaltha] rèsearth Ih8 Int8r[l1(Th1 ASSOCtJn for Dts1 Research and Fedardtions. - Toi promote public engagement arml inlorm of key issu&s fftl and d8ntal re$8wth. The objectives and act}rit of the charity are Me at impTOMtw the and d131 health of the publ thrgh the promotion of a<fvanced reseath in al brartrhes of dentJ scien. The trustees o)nfim) Ihat Ihoy have referrod to the guidance contsin•Y in the CharTty CommtssiC's gen gUBlan on benefit vthen revng the SocAetys ot¥"ectwes aThJ actNities and in planniNJ fubjre actlvtbÈs. Thrwgh r•ssarth. th6 aim of thè swèty is to dissemlnate advances in clinical and 5oenttk research in oral heatth lo memLws of the dental prolessK)n and beyond to irTwve oral heaRh. ACHIEVEMENTS AND PERFORMANCE Charttable activities The aim of the Sctiety is to promote oral and denlal research thrcrtJghout thè UK A key objèctivs is to support those in training and to eftae tt)em to pwent thr fy5earch at lh8 [8ting and other besiK)k8 events org8ni88d by th8 society. or one of their TEsearch suwroups. BSODR Annua meebngs 0(llr in Ihe UK (every 1-2 years), or in Europe, PER IPan European Region) organiwl by NDR 11nternati Asswaion for Dental Researchl. The BSODR may also subsidise caregr re8earthws and stydents to Ihese meebngs. dependent cm Ihe number of people altending the mÈsling. The BSODR also reeS a number of research WI to supp(Yt on an annual ba515 dèpending on the funds available. Other tharrtable events tyJtside of the the sooety. that s¢rTMlarty Sup ITr growth and disseminatitsn of dental rarCh, m8ylurth8r support1 fMarw1 ifagr bythe Trustees. FINANCIAL REVIEW Financlal posltion The Souevs work is 1rant income frorn mernber5hip sub5uiptions, asydids, donations atyj investmerbts. In the year to 31 Decernber 2024. income from mernber jb5crpS was £15,179 a5 a result of a slight increase in mernbership numbers. Donations and legacies hav8 increased in tot by £2.444. Lhjring 2024. charitab18 expenditur¢ de&assd by £39,992 due to Savings in m88ting and event msts irtrcurred this year. Th8 Society had net income of£52,01912023.' twtgcS of£7.177}. The investsrents held by th8 Socety at 31 De¢Ir 2024 increasJ in rnaet value by £38.334 wnpar&l to the previous year end. In¢orne from (drrent inveslments OKreased to £12,110 from £11.078 in Ihe prewous year. Inv•sknent pollcy and objecdves The Investments held by the charity are managed by Eve Partnws and an amounl i8 heid on deposil with Natwosl banL Tr perfDrmallce of the inveslmgnts revwed by Ihe Management CMIee. The inv&8trnents held by the Charty fal wikn th088 permTtted by the tharivs Constitub"). ReseN¢s poli¢y The BSQDR managernt Cornrnittee have a of rrwntaning errt levd of re5erve5 to enable Ihe charity to fLdfil its objectives. Restricted res8rves 01 £4.13t are for BSQDR prizes. bursaries aThJ sp$ShIpS where the anUnts are funded by a third paty. More detals ofthe prizes hdd in restrirled funds can be f in nole 11. Restiict8d prizes reserves of £16,312 are in Telalk)n to CcJale and Haln pwizes lindudwKJ MINTGI, fK)t yèt paid oul to wlnners. D8gNat•d r•s8rvos br¢wht [¢)ard of £2.0 are to us8d tOW8rds Early Career Rasearch Awards. Going concèrn The trustees consider that the a rm) mabial unc)e$ aboutthe (h3titys to continue as a going cOnM. Page 2
The Brltlsh Soclety for Oral and DOTftal Research ForThe Year Ertded 31 D8mber 2024 FUTURE PLANS The Society continues to rffomote and suprM)rt t)ral and denlal rEsearch. ColgateTM Ia VSMI and HaknnTM continue to support prizes as part of reri¢W fut%ts land laOnShIpS be rnaintainedl, t¥Jt the Manag8m8nt Comm5tt hav9 agreed to wnbnue to suprx)rt a number of unrestitted irutsalwes that wll CtinU8 to dirninish th8 fiJnd8 in the srrieties current bank account. The lun¢Je(I Initiati$ wll IDeJJs and revrdrding earfy career researchers in particular, lor exanH)le'. -The BSODR wlll o)ntinue to the satdste ECR BSODR annual to a tTragreed anxjunt set by the fiTraF Corntnrttee on an annu basis. as happened in 2024 in Bnstd. - The SSODR PSideNts Award Earfy career researcws cxy)tinue to be awarded annually. as occurred in 2024 In NewcasU8. and the recipients give a rKesentation at Ihe subsequenl BSODR s(yentific meeting, for whth they are r81mbusd up to £250 for travel and a)mnJat)n exp)$& Th [e of £1.000 is used to help establish pilot or collabcKabve res8arth studies. - The BSODR poster prize is 0 rn0Y funthd by Ihe BSODR tubJr8 sps(X8hip wll b8 SDught,. 88 this award was preViouY support>S by industry. -The BSODR remains ¢cfflmitted to pting Iheir satelite researth groups finanrAally, so Ihgy ran conbntig to host their ovm spe¢ialised research events. - £3000 towards ihe Criwan Sculty award wll eontinu8. 88 part of a rxxwitrffjly awarded research grant administrated ty ORDT. - The BSODR ill continu8 lo support the University of IAanchestw Undergaduate Research Sooety finanoally. - BSODR is committed to fund a psen¢8 a¢ BDSA IBntish &(¢ety of Dental Stnts) at their annual Conf to promote undergraduate dgntal rgsear¢h in UK. -The &SODR will look to drawiry some oftrr r¢swves {hej by EV parlner51 for either SUbsls1ng Ihe ItreaSed experndre cn prizes and awds. tr set up irmttatives to further and support dental researth. t1 any increases in membership fees to coverth8 inu8as8d expgn(titure be discussed and ap[Ve the AGM. STRUCTURE. GOVERNANCE AND MAtriAGEMEI Governing document The Swety is a ¢harTty regulated by the Charits Cornmi5sion United Ffjngdom. The Souety was registered ¢)n 10 July 1972. Its Constitution, detailiTVJ the obith mernbership njles, ¢)rganisabon, managemenL the annual meeting, Officer5 and council was adopted on 6 Apn"11972 th th&s was amendgd 11 Seplembw 2008. 10 September 2013 aThJ 10 Sèptember 2020. A eopy of this can be found Scaiety website, BSODR - The Bribsh Socièty for Oral and D8ntrAI R8888rch. The Goveming 8cKJy of the Sockty shall the Annual Bne$S MÉetry IABM or AGMI of rnambers. Th8 d8CiSiOnS made at the ABM wll be iYry)lemented by Ihè Mwem8nt Comrnittee. D8cisions required due to ad interun contingsnciès shall be made by Ihe ManaGemenl cCttee aThJ must be reported to the next ABM. The (wrum at the ABM shall be 30. ResLquti(hns W8sented to anyABM shall be decided by simpk majc*ity urfess othernw stated. Page 3
Th• Bwltish Socia for Oral and Dontal Research For The Year Ended 31 Dècembar STRUCTURE. GOVERNANCE AND MANAGEMEiir Rocruitment and appoiTrtment ol new tru5ta•s Management Comrnitt8 The tru8tees of the charity are part of a L3ffJer team as the BSODR Managetrenl CommTttee. The Manag8nt Committee shall normalty congsl of the PresklenL Presth)t-EW IMmedte.pasl PresidenL Honorary Seff8tary. HDnorary Assistant Se(xotary. Honorary Twsurer. HorKW As5k%taTrt Treasurer, Hrary Edilor, Webmaster, Chair of the Awards Conynlttee and s6x Coun¢kn. It shall meet at kastonce a year. Thè Offtars of thè Swèty IPfysvJèrt PreSJ&nt.E7ed or Imrnedwt&pa%t Pt8sKJènt, Honorary Secretary and Honorary Treasuierl shall act as an exe(xJtive grcqrp n Ihe irbteN belween forn[ meetings of the Management Comrtitteè. Electio All members of the Managekrnnt Committee musl be fvll rn)erS of ts Souety. EleciK)n of the Committ88 m8mbgr5, ncjuthng the Presidert will be based a simFAe nwty vole undets% byful rnberS ofthe BSODFi N¢)minalions The Honorary Sa¢retary wll c5r¢al6 a cal frjr rwjnwwtions kn the Officer5 of the Society and fc vacant posib.ons as cou11 not less than 3 months prior to ABM. NortMnatiOn5 shLwJkJ rM)rrnalty be reNed by the Honorary Secretary 2 months beforè the ABM. Ballots wll b8 sent 8b8ctronK to th8 mberShiP at least 4 weeks fOr0 lh8 ABM. ballot wfll dosa 1 w88k bef(Y8 th8 ABM. The r8sLth of the balbt vrill be annoUed at th8 ABM. Individuds wishing to stand forsuch posts rnust.. . Be BSODR wMtr$ of gocMI $tanthng . Be prowsed and seconded for Ihe posl by 2 otrr membern of gvxyj sta. - Sign a dedaratK)n of their wllw¥Jness to serve ts &Miety. Trust¢0 indudion and training On appoinlmgnL new Iwsiees spend tirre eyisling tnjstees to SU ty understand thar reSpolbIles and the gaj and financial fraMeWC ofthe Sciety. President The Presidentk4 term of office Mll be 5 years. IK4ding Ihe offices of Pres¥Jent-Ekd for year, Psdent for 2 year5 and lrnmgdiate-past Ftssidgnt for 2 Y?8. Othar Officers Honorary Sactytary, Honorary Assistant stary, H(xNw Trea5ufBr, Honwary A%si5tant Troasumr. W81)mast6r, HonDrary EdiLorand Chairof Ihe Awards CL¥nmtttee: The term ofoffKE foreach shall be 1 year re[Wab. Counclllor5 The tenn of office of a Gxtncillor shal be three years. Members may not serve as Counulors directty oye¢ue terms. Two Coun¢illors sha11 rerla(ed each year. In ihe event that a CounciThor demits ofke after less than 3 years ol Service, thr Shall servplorthe remainder of l"rterrn of offi. 3 yea[5 in their ghl Ad Interlm vaGande5 Any pgsition becorniro vacant behveen ABMS sh1 be by an apwntee ol Ihe Managernl Comnyttg? who wll serve for Ihe remainiro tem) of that ap[KAntM Rlsk management The trustees have considered the major risks to thè chanty is and have reeWed those risks and established systems and procéduras to manage t8 risk%. Th8 Ilustees rnn&d8r variabilty of inv8Stm8nt relums to rnnsttits finaTrrj and r8c8nt extr8rfft volatility in WOTld stock markets has demonstrated this risk The (tsity have arwnted Eve Partners now, an investment Management ¢panY to manage its investments. The trustees ¢onside¥ a main Strateg risk to be tre exl&)t to whid) Ihe searCh BSODR suppjts and advocates. supp(t( for earty career researdrs anEI its ut awarts 5UCC855fv1ty advant% k[th}ge aTKI practi for th& benefit ol improkvernents in oral heth. This risk 15 acbvdy di5oJssed atKI shaTed WEth thE rnanagement comtntttee who rneet regularty and evaluate updat8 and profik of al research aV&S SUPFX)rt8d by the association arKI discuss fubjre plans. proved by order of the board of Irustees on 29 2025 and signed rts haff by. Dr Z Brookes-Truste8 Page 4
Inde ndent Exarninees R ort to the Trustees of The British Soci for Oral and Dental I report to thg trustees on my examinatil ol the Stat(5 of The Brfjti"sh Socty for Oraj atwj Oental Research Ltd for the year ended 31 Dacamlw 2024. Responslbllltles and ba$ls of r•port As the trustees of charity (and also its rfire¢tors for puA)seS of c4Jwany law) you are responsible for the proparalion ofthe ffinanoal statsments in acCcnce wlh the requirernents of U)e Companies Act 2006 (the 2006 Art). Having satisfied myseK thal stalerwis of Ihtt chaity a not requred to be audited LWKler Part 16 tsf the 2006 Act and are eligible for i)dependent exami)alw)n, I rewt H) respect of my examination ol the thaittys financial statements (arried out wder section 145 of u)e CharaS Act 2011 Ilh8 2011 Act). In LrrywyJ out my axaminatK)n I hava fc41owed all the apF4icable Directi(S by th8 Chaiity Cornmi&%l( und8rs8dion 14515llbl of fh8 2011 ACL Ind•p•ndMt •xamln•rfs stat•m•nt I have cornplet8d my 8xarnination. l ¢J)nfim Ihat no matters have c4)me tr my attention in connection wth the exanwnalion rno ¢au8e to belseve trol 7 any material respect - accounting records were not kept in wpect oftt thatity as rp4uired by sethn 386 ofthe 2006 Act. ¢ - the financ¢1 Statertnts dcp Th)t aco)rd wrth those records: or - Ihe financial statements do not npty Ylh the 8cLthth"ng r8quwem8nts of section 396 of the 2006 Act oth8r than 8ny U1ment that th¢ a¢jts a tru8 and vi8w whK is TK)t a matter <x)ndered as part of an indep8nd8nt examination". or - the financial statements hav8 not b88n prr in actharhce the w1hj$ prinuF48$ of th8 Statsrnent of RgCornm8l8d Pra(ce for ac¢x4JntiThJ and repcKting by tharilies applKabte lo - char*t preparing their acoyJnts in ac¢(Kdance with Financid Reporting StaThJard applilzble in the UK and Reput1¢ of Iland IFRS 1021. I havè nts C(X&mS and hav8 Corn8 8rxoss no other matters vAth the examinats"¢ to wlCh attentkm should be drawn in this repcxt in order to enatle a understanding of the finwd stata)wts to Ix rea¢h8d. Jamès Groves FCA TC Bromhead Ltmtted Harsc¢mbe House 1 Darklake Plymouth Devon PL6 TfL 29 Odthr 2D25 Pwje 5
for Oral al Derrtal nl of Financlal Actlvh ForTh• Year Ended 31 December 2024 31.1124 Total funds 31.12.23 Total funds funds futMIs INCOME AND ENDOWMENTS FROM Donati$ and 1gJac W16 $5.666 53,222 Invèstmènt incom8 11110 12,110 11,078 Total 47,326 20.450 67,776 64,300 EXPENDrruRE ON Ra15ing fvnd5 27 2.648 Charttablo aCvI$ Charitable Adivttsos 8.800 43,782 91,818 Total 37.609 46.409 94,468 Nèt gains on in¥e5trnents 30.652 30.652 22,989 NET INCOMEI(EXPENDITUREI 11,650 52,019 17.1771 RECONCILIATION OF FUNOS Total funds bght forward $39,122 $46,299 TOTAL FUNDS CARRIED FORWARD $70.698 591.141 539,122 The note5 ftxm part ofthese finaA strints pe6
The BTr115h Soci fOr0r and Dentsl Balancè Sheul 31.1Z24 Total fiJnd5 31.12.23 funds funds fvnds FIXED ASSETS Invaslmonts 473.920 473.920 435.586 CURRENT ASSETS D8bttsrs sh at bank 1S,179 99,054 15,179 119,497 18,109 102,561 IYIN43 114233 20.443 134.676 120.670 CREDITORS Amuntsfallir¥J due wilhEI one year 10 117.4551 117,45SI 117.1341 NET CURRENT ASSETS 947TB 20.443 117221 103,536 TOTAL ASSETS LESS CURREMT LL4BiunES 591.141 539,122 NET AS8 570.69 20.443 1.141 539.122 FUNDS Unrestiicted fvnds Restricted fvnds 570.698 20,443 530.329 8,793 TOTAL FUNDS 591,141 539,122 The final 5taternents wer8 app[Dl by th9 Board of Ttuslees aThJ aUttrb)ri for issue on 29 October 2025 and W9rg &gned on it5 behalfty.. Z Brook8s- Tru3tee The rK)les forni partofthese fmn(yal statetnents Page 7
The llISh Soci for Oral and Resea the Finan¢lal Stat•monts ForTho Year Ended 31 December 2024 ACCOUNTING POUCIES Basls of pr•parlng Ilnanclal stst8ments The financial slatemenls Of the charty. ts a berEfit enkn.ty urHler FRS 102, have been prEpared In acc(xdan¢e with the Charities SORP IFRS 1021 'Acc4yA)lJ"w arTrd ReFthtng by Charities: Statement of Re¢ommended Prac appliCae to charities pr8paring Uir 8CLY)unts In accordar ¥Mth th• Financkal Reporng Standard applicable in lh• UK aThY R¢puLkk of Ireland {FRS 102118ff8clsve 1 January 20191,, Financrdl Reporb"ng StsThYard 102 Tho Finanoal Rewxting StatKlard apPIal? in the UK and Repubknc of Ireland, and the Charits"es Ad 2011. The financral staternerrts have LEen prepared under the historical c05t ccnvention, w5th the exception of investments which are d at rn#rk8t value. as rnThYrfd by Ihe rgvaluatiw of certain a&sgts. Inme Al incom8 is r8cogTrised Statemenl of Firt(1 Acbvibe5 1)nce the tharity has enttuement to tl)& funds, it is wobable that the intt)me wil be waved aThJ the atnount can measured 1efjab. The lollwing specnlc pole$ are apF4ed to partKJJlarcat6905 of incx)rn8.' Dat1$ arwj legaoe5 are receiwj by Wdy of pre mnEs. dLThtiO and gifts and are induded in full in the Statetnentol Financral ActvilEs wtrEn reL%ivabte. Donated swic8S and facilitses are included at the value to the (ority wh¢ this w) be qUanted. The value of serye provided byvolunteers has not been ded li these finanual statements. Investment i)mo )cluded Wh r8eaivabl8. An annual SptI fee is reGewwl from al m¢ntsrs of the SOcty 8nd ¢s recogni5ed b¥hen receivable over thg t8rm in which the mernbership rtes. Expendlturo abilities a recwnised as expdite as 5cx)n as Ihere ts a 31 Constrlti¥e Obligati( committing the charity to that exwditure. rt is probable that a traT[er of b8neffts wll bg required in $8tt18menl and the arn(nt of the {lig8tjn can m&asur8d relrabty. EXprfty is accounted for on an accruals basis and has b88n daSSed undw headir¥Js that agwate all ctst relatsd to Ihe tategory. whe costs cannot be direcuy attrited to particular headi3 kne been alOcaj to actiwhes (ffi a bask consislent wth Ihe use of resou$. Taxallon Fund accounting Unrestricted lunds can be in accordance with the d)arItab oblacii¥es atthè ¢th5LYgts"on olthe trustgas. R&strict8d funds can orly be uséd foy wticulaT r8stricted purposes wthin Ihe obierts of the charity. ReStrOn8 arise when speard by the doMrorwhen funds are raised fw partIr resbicted purposes. Furthw expnal)n ofthe nare and twose cleath fijnd i8 irKJed in notes to the finaral statements. Forglgn ¢urrgn¢les A5seis and liabilities in fore¥Jn curretKxes are translated into $18rfiro at the ratss of exchange ruling at the balance sheet date. TranstionS in forevJn currencies are trangated into ster]ing at the rdte of exchange ruling at the dat8 of transactim. Exchange rfrfferences are taken nto a(x))unt In affiving at Ihe operabng 1t. Financial instruments Financial assets and finanoal atlS a rwn¢58d thg L8rity becorws a party to the ¢ontr8ctual prowsths of th• instrument. finanal 8S5ets and Ik8bilibes are initkqlly measured at transactkm price. The BrSh SOcty for Oral and Denta Research onty has financ1 assets arKJ financial I"lle$ ol a klnd that quafy as basic finanual inslNments. Ba¢ finati¢¢l Instrum{$ a initsdty measured at transaction value and subsequently meagjred at their settlement vak*. Tradè and otheT debtors are recognised at the setUem8nl gmount du8 after 8ny Irdde di8A)unt off8red. Prepayments ar& valued at th8 amount prepaid nel of any traje th6counts due. Creditors and provisions ar& raccgni5ed bth8r8 the ch8rty has a pre8ent thvjation sUthng frcm a past evenl that probably result in the transfer of fvnds to a Ihird party tre amount due to setue the obligation can be measured 01 estitnated rdiably. Creditors and provistons a notmaly recognised at their setuetnent after allowing fcy any trade discounts due. Investments are measured at fairvatrts. P8 (x)ntinued...
fororal and Dentsl Research Not•s toth8 Flnanci31 Slate ForTho Y8arEnded -Con•d mber 2024 AGCOUNTING POLICES. continued Roalisod gains or loss•s gains and 105ses are taken to Ihe Ststement of FinarKid A¢tM"tw as thèy arisè. Rèalis8d gains and loss8s on investrnents are cakYJL9 as tho difference betr salgs prmds and their Openi cartwnq valu8 or their purchas6 valu8 rf atquir•J subseq(Entto the first¢Jayof thefinanoyal year. Unrealis8d gains ark1 kjsses are Calculated as drfferen betw8 the far value at the year ond and their carrying value. Realised pd UNea VeStMent gains and losses are ¢))mbined in the Statement of Financial A¢tNilie8. Cash and ca$h •qulvalents Cash and ¢xsh equivalents indje cash in hand. he4d at cal th banks and bank ovardr8fts. Bank ovwdrafts are sFKvwn wtthin bo(ATS in curreni laIrts. CRMCALACCOUNTING JUDGEMEKfs AND SOURCES OF ESTIMATK)N UNCERTAINTY In the applicat'on of the d)arfts"es accounting l£YeS. Ihe trustees reqred lo make NgeMents, estimates and assumpticm ab(xJl the Carr arUnt of assets and liablibes that readity apparent from oth8r sources. The estimates aThJ asswaled aSSUrnptK are based historical experien and other factor5 that are considefed to b• r818want r85uIL% may drfter frrth lh E5titnates. The estimates 8nd underjwng assumptions ar• ramèwed on an ongoiro basis. Revisions to accnunting estimat8s are rgo)3nised in the pen(NJ in whiL the esfimate is revised. rf the revision effts that pertod. or in the period ofthe re$ and fvture PWKMIS rfthe reish)n affects both curmt and future p1$. No 9gnifrantiudgements have tee madg by manag8nnt ) Fveporiig thosè finanLyal 8tat8m8nts. INVESTMENT INCOME 31.12.24 31.12.23 Llividends from investments Interest recEived 2,S08 9,602 7.585 3,493 11110 11.078 RAISING FUNOS Ralslng donatlons and legacles 31.1224 31.12.23 73 307 Inv•sthiont managementcosts 31.1124 31.12.23 Porifdio rn8nagennt 2,$54 2.341 Aggregate any)unts 2,627 pe9 (x)ntinu8d...
The Britssh Socl for Oral a)d D•ntal Rpsearch Notes to inanclal Statoments-continued ear Ended 31 Decornber2024 INDEPENDEKf EXAhllNEKS REMUNERATION 31.12.24 31.12.23 Fees payable for ind•tnd8nt exan1 Otlr rton independent eX8minaion servi$ 1,315 4485 1,250 12,574 TRUSTEES. REMUNEFthTKIN AND BENEFrrs There wEre no trustees. rernun8rdlk)n or b*fib for O)e y•ar •ThJ8d 31 D8cernber 2024 n(x f(x th8 year ended 31 Dttembar 2023. Tru$teos' n$&$ There were £370 ofexrenses rwmlyJrwJ to truste8s in the r. (2023.. £1.3) COMPARATWES FOR THE STATEIIENT OF HNANCIAL AcThirnES Urw&stricteil Re5tiiLed furts Total funds INCOME AND ENDOWMENTS FROM Donations and legacaes 49.222 4,000 53,222 Investment inccwntr 11,078 11,078 Total 4.000 64,300 EXPENDrruRE ON RaBing funds 2,648 Charitable acllvld•s Charit&ble Acbvibes 12,464 91,818 12.464 94,466 Nèt gains on inVestts 22,989 22,989 NET INCOMEIIEXPENDMJRE) 1.287 {8,464) 17,1771 RECONCILIATION OF FUNDS Total fijnds ght f(Mward 529,042 17257 546.299 TOTAL FUNDS CARRIED FORWARD 530,329 8,793 539,122 Pagg 10
The Britlsh Sooe for (kal and Dental earGh Notes to t Fln 31 DecernbpT 2024 FIXED ASSEf INVESTMENTS Lk8ted investments mARIVALuE At 1 January 2024 Additions Disp05d5 R8va)U8ti( 435.586 21A17 110.0061 26,923 At 31 Dmber2024 4Y3,920 NET BO¢)K VALUE At 31 Dec*mber2024 473,920 Al 31 Dernber2o23 The were no in¥e51ment asset5 outside Ihe U Ixed a558t inv8Stments were valued on an (w) twwket basis 31 Decernbw 2024 by Evelyrb Partngrs. Thg historical c05tof Ihe inVestnt were £350,091. The investments at fair valuè eomprtséd: 2024 2023 Equities Frxed interest secreS Cash hdd yfjthin the invesQm8nt rmyrfrf 335,227 132.350 6.343 380,469 44,897 10,130 Mark8t value as at 31 December 2024 4n920 435,586 DEBTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.1124 31.1223 PrepaYnts and accr Inc¥Jne 15.179 18,109 10. cREDORS. AMOUNTS FALUNG DUE wrrHIN ONE YEAR 31.1224 31.12.23 Other cltorS 17,455 17.134 11. MOVEMENT IN FUNDS Tran5fet5 befvveen fund8 Th)vern In luntjg At 31.12.24 At1.124 Unr65trictEd fvnd8 GènèTal fjJnd Designa fund$ 528,329 568.698 2.000 530.329 40.369 S70,698 Restrlcted funds Restricted fund5= Pri295 Restricted fund5= Other 10,150 1.500 1,962 {1.9621 16,312 4,131 793 11,650 20,443 TOTAL FUNDS 539,122 52,019 591.141 Page11 continued...
The Bltttsh Socie for Oral and l)enlal Research Notes to th8 s - contlnu•d ForThe Year Ended 31 D¢cernber2024 11. MOVEMENT IN FUNDS- conbnued Net movennt In fiJn(ts. induded in Ihe atA)ve a as Gains and Moverrent in funds Unrestrided funds Genèffal tund 47J26 (37,6091 3(1.652 40.369 Restricted funds Resthcted funds: Prrzes Restrided funds: Oth•r 1Q950 {8AOOI 10,150 2QASO 18.8001 11,650 TOTAL FUNDS 61,776 {46.4091 30.652 52.019 Comparatives for movnent h) funds At 31.12.23 At1.1.23 in fijnds Unreslrtcted fvnds General fund Designated funds 527.042 1,287 528,329 529,042 1,287 530.329 Rostricled funds R?s¢rthd funds .' Prizes Re5trKted lunds '. Oth8r 11,81YJ 5,457 17,6001 18641 4,200 4,593 17251 18.4641 8,793 TOTAL FUNDS 17.17TI 539.122 Compardtiv8 n8t Ernven*nt kn fun(Ls. induded in the aLg as fdbw5". IrKxynti>J Reg)urces Gains and losses Movetnent in funds Unr¢$trfcted funds General fund 182,0021 21989 1.287 R05tr1ctad funds Restricted fUs. Prizes Re5thcted fvtKls: Other {10,1001 12.3641 (7,6(J)I 18641 {12,464} 18.464} TOTAL FUNDS 194.466) 22,989 17.177} Page 12 onbnued...
tor Oral arKI Dontal Research ot•s to nancial statements-connUed ForTh8 Yoar Ended 31 December2024 11. IAOVEMEKf IN FUNDS- contInl A curwl year 12 months and yew 12 nk)nllts (rmtyned posbcffi is as frlb)ws". Transfers bètwéen fvnd5 nement funds At 31.12.24 At 1.1.Z3 Unrestrkted fund$ General fund Designated fvnd$ 527.042 41.856 568,698 2,000 529.042 41,656 S70,698 Restrlcted fvnds Resthcted funds: P$ Resth"cted funds ". Othar 11,8tMI 5.457 2.550 1,962 11,9621 16,312 4,131 17.257 3.186 20,443 TOTAL FUNDS 546.299 44.842 591,141 A wrrenl year 12 tr¥Jnth5 at¥J priLY year 12 months ¢))mFined net rTh)vement in fvThJs. includ8d in tha aLN)v• are as follow5: Iryxyning Resourc08 resrceS expended Gains and Movement in fvnds Unrestrfctsd funds Genefal fund 107.626 {119.611) 53,641 41.656 R•strlct•d funds Restricted tunds ." Prizes Restricted ndS.. Other 21,450 {18.)0} 12,3641 2.550 638 24.450 121.2641 3,186 TOTAL FUNDS 132,076 1140,8751 53,641 44,842 The d¢$gnat fiJnd to be Ld in Ihe Ety Career Resea Awards. The"Prpz65' rèstri(Xed fuThts are made up of Ihe lolkntsirwJ pre frMIS. t(xJ¢Jnt Poster Prize SeptrKJonl offers a cash awaftj of £5( for the b8st poster rxesentslts)n made by a young dental researcher and a £2.000 bursary to FxEe-wnneffs depart tosupport research withll) tt depathièntf( tha n¢xtyaar. BSODR-GSK-MINTIG Prize Glaxosrnithlfjine offer a piize of £1.51)O fcr lTrvel to 2 confere1Tr centre of oxcdlw in mingralised tksue research lo en(x)urage aThJ stirnulate re5earth ofthe lighest standard in this area. Sensor Col ate Pn"ze The Colgat&PalrtKAwè Company provides a cash awar<1 of £5(N) for the best verbal PreSentatn by a young d8ntal r8588rcher arkl a £S.¢JK> TSary to the wze-wnnerfs artrnent t(Mfards 8yfkSg8 for a postgraduate student to spend tim8 in a research c&*re ofexcelen in Iha UK abroad. Junior Colgate Prize The Colgale-PalmLkn Company prowdes a cash r of £3 for thè Lt ver prewitation by art undergraduale student and a £3,(K)O bursary to th¢ prE84wnn8Vs Wmellt to support und8rgraduatg Te$gah in the ccrfning year. The"Olhert restricted fu1$ a made up ofth8folk3%¥ing fvnds: C l at6 R•strareh S slum Page 13 continuad...
The Britlsh Sode f Oral and D•ntal Resear¢h For The Year Endod 31 Decwnber 2024 11. MOVEMENT IN FUNDS- corthued The Cdgate-Palmolwe C(xnpany proVvJj £6.LVJO to spon50r a PER research symposium. Th8r8 is an unspent balance of£1.962 whd) rrider has ststed bo uwj kntutur• re59arth sYnworn& GSK- MINTIG ar¥J OMIG S osium s 2017 GlaXoSmlth6 prOkvKlJ £1,XK) in 2016. £4,CKJO in 2017 and £1.040 in 2019 to spons(Y MINTIG aThl OMIG SytTIPDsii¥n5 hdd at the annual meetings.GSK have agreed that the unspent balance of £1.131 can be used to 5UPV)rt the Early Caregr R8S8archer wthshops arbd other a¢(rt$ of this nabJr• that tr•y will propose in the future. IZ RELATED PARTY DISCLOSURES There wgrg no rdated paty transactK)ns kn Ihe ytrdrtndI 31 Dwib8r2024. p14
The Brlush Socie for 0 and Dentsl Research l A¢tlvltles 1 De¢ember2024 ForThe Year En 31.12.24 31.1223 INCOME AND ENDOWMENTS Donatlons and lègaetes Pri5 IADR 5ub5CriDtions M8mber5hip fees Evenl income 21.350 15.179 5.750 13_215 2.281 31,976 19.137 55.666 53.222 Investment incorne DNiden4J5 from inv851m8nts Intsrèst rnc*Ned 7.585 3,493 9,602 12,110 11,078 Total Incomlng rèsources 67.776 64,300 EXPENDITURE Investment management ¢osts Portffdio managemgnt 1554 2J41 Charllable athltl•s Computer njnning costs Prizes Bursariesl8Wdrds Meeliro & event costs 2.4(K) 23.015 6.660 45,870 11,255 700 25.998 37.953 77,945 Support costs Flnanc• Bank charges ForeKJn exchange profft or I 49 307 73 102 356 Gov•mance costs Independenl exarninerfs femunetstion Independent examinees remun8RIKin rmjTraud 1.315 4A85 1.250 12,574 5.800 13,824 T¢Jtal resour expended 46.409 94,466 Net incomel{expEnditure} before galn5 and 21,367 130.1661 Reallsed recognlsed galns and losses Realise(I gainslllossesl on finantsal as58ts Measu at •JTPL Unrealised gaillsnL¥S5e5 lrNestnts h 1671 30.719 1.095 21,894 Net incomall¢xpenditurel 52.019 17,1TT} This page dces notfom) p&1 of the Start01yran(7al 5talerTEtrt5 Page 15