OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Charity Registration No. 265815

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr Mark Ide Acting President
Professor Nikos Donos Immediate Past President
Dr Aradhna Tugnait Honorary Treasurer
Professor Wendy Turner Honorary Secretary Appointed 1 January 2021
Professor Michael Milward President Elect 2022
Professor Nicola West President Elect 2023
Professor Gareth Griffiths Senior Vice President Resigned 31 December 2020
Professor Francis Hughes Senior Vice President Appointed 1 January 2021
Dr Richard Tucker Honorary Editor
Dr Ian Dunn Commercial Liason Officer
Charity number 265815
Principal address P O Box 261
Liverpool
L25 6WP
Independent examiner Alison Whalley FCA
Naylor Wintersgill Limited
Carlton House
Bradford
BD1 4NS
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mailling
Kent
ME19 4JQ
Bank of Scotland
33 Old Broad Street
London
BX2 1LB

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

CONTENTS

Page
Trustees report 1 - 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the accounts 13 - 23

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

1.0 Introduction

The following report has been prepared by the Officers of The British Society of Periodontology and Implant Dentistry, for the financial period 1[st] January 2020 to 31[st] December 2020.

1. Structure and Objectives of the Society

The Society is a registered charitable Trust, regulated by its original Trust deed dated 19[th] July 1949, and amended in 1999. The Trust Deed provides for a Constitution and Bye Laws of the Society.

The objectives of the Society, as stated in the Constitution and Bye-Laws are to:

" to promote for the general health, wellbeing and knowledge of the public, the art and science of dentistry and in particular the art and science of periodontology and dental implantology and in furtherance thereof to advance all aspects of periodontology and dental implantology and to promote improvements in the teaching of the same.”

In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission’s guidance on public benefit when reviewing the Society’s objectives and in planning future activities and making grants for the forthcoming year.

1.2 Principal activities

Over time the Council has developed the following activities as the principal means of achieving our charitable objectives for the benefit of the public:

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

2.0 Membership

Membership of the Society is unlimited in number. Members must be registered in the Medical or Dentists’ Register or hold such other qualifications as Council approve, registered as a Dental Undergraduate in the United Kingdom, or be members of an affiliated Society. The membership categories are:

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

3.0 Review of the Year

3.1 Subscriptions

The Society's subscription year is from 1st January to 31st December, following the alignment of financial and subscription years in 2002. At the end of 2020, the Society had 1530 members.

3.2 Scientific Meetings

London 2020

Unfortunately, due to the Covid-19 pandemic, the BSP 2020 Conference had to be postponed until 12-14[th] November 2021.

3.3 Charitable work

The Society continued with its charitable work throughout the year, predominantly through the educational programme, dissemination of information to the public and profession and sponsorship of research and educational prizes for career development of young professionals.

3.4 BSP Patient Forum

The members of the BSP Patient Forum, led by Professor Needleman and Professor Shauna Culshaw, continue to play a major role in the improvement of gum health in the UK.

In 2020, members in Scotland contributed to an initiative at the University of Glasgow Dental School by attending a half-day symposium focussed on practical, patient-related aspects of periodontology. In small groups, the students posed questions to the Patient Forum members and gained an insight into the periodontitis patient journey. The students found this to be an extremely valuable experience which would hugely impact their clinical practice.

The Patient Forum had a successful meeting in London in March and were joined by Mr Derek Stewart OBE, internationally recognised for his work as a patient advocate regarding throat cancer but also much wider across healthcare. This meeting was a great way to help the volunteers develop their skills and confidence in advocacy for gum health.

Unfortunately, the Patient Forum meeting planned in Glasgow at the end of March 2020 was postponed due to Covid-19. A joint meeting is planned to be held online in March 2021.

At the 2020 AGM, the membership unanimously voted in favour of changing the Constitution to include a representative from the BSP Patient Forum on Council. It was recognised that such an appointment will give a voice to the patient community and greatly help the Society by informing and influencing our activity, policy and strategy.

3.5 National Campaign

Each year the Society gets involved in the pan European campaign to raise awareness of the importance of gum health. Gum Health Day 2020 was scheduled to take place on 12[th] May 2020. This year’s campaign was based around the slogan “Say No to Bleeding Gums”. The goal was to raise awareness about bleeding gums and how they are usually a sign of gum disease and need urgent treatment at the dental practice – otherwise they may pose a risk to health. This aligns with other awareness raising events that the BSP has undertaken to promote oral health.

Unfortunately, due to the Covid-19 crisis, our planned public events could not take place and instead we ran a remarkably successful online campaign and promoted Gum Health Day via our social media platforms.

3.6 BSP Implementation of the EFP’s S3 Treatment Guideline for Periodontitis

In May, the BSP worked hard to review the EFP’s Evidenced-based Treatment Guidelines. Led by Professor Nicola West and Professor Moritz Kebschull, the BSP held online working group meetings comprised of 75 dental professionals, medical experts, stakeholders and BSP Patient Forum members, to rapidly review the European guidelines, reviewing and adapting them for the UK healthcare system.

The BSP paper was planned to be published in the Journal of Dentistry in January 2021 and would be followed by a series of free educational webinars and development of resources to support the wider dental community, patients and the public.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

3.7 Awards & Prizes

During 2020 the following Prizes were awarded:

PRIZE Award
Audit award
Ahmed Elmatary & Matin Ali Madadian
Shaun Hodge
Varkha Rattu		 £500
Sir Wilfred Fish Prize
Cher Farrugia
“Role of Fusobacterium nucleatum and Multispecies Interactions in Endothelial Damage"		 £1000
Systematic Review Prize
Niamh Kelly
"Periodontal health and the frequency of COPD exacerbations: a systematic review and meta-
analysis"
Fellowship award
Imogen Midwood
Alex Pollard
Anjana Sagar		 Up to £4,000
per award
Frank Ashley Undergraduate Prize
Sumaiya Yonis		 £500
Research grant (in conjunction with RCEngland)
Not awarded in 2020		 Up to £5,000
per award
Poster Prize
Clinical:
Dr Mitul Shah
Research:
Dr Mary Naa Barkor Ayettey-Adamafio		 £500 each

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

3.8 Educational Events:

The society continues to be extremely active in delivering education across the UK. Listed below are the activities undertaken in 2020:

Date Type of
Event		 Title Presenter
15 January Webinar Non-surgical periodontal therapy in 2020 Prof Luigi Nibali
17 January Hands-on
course		 Mucogingival Surgery Masterclass Dr Paul Baker & Dr Ian
Dunn
27 February Webinar New perspectives in soft tissue grafting around implants.
Looking for health and beauty		 Dr Antonio Linares
25 March Webinar An overview on diagnosis and management of furcation
defects		 Dr Nikolaos Tatarakis
27 April Webinar Use of local and systemic antimicrobials in periodontal
disease, by Students, for Students		 Ms Jessica Baxter Brown &
Ms Hiraa Jamil
19 May Webinar Supportive therapy for prevention of peri-implant
diseases. Frequency and principles		 Dr Ian Dunn
3 June Webinar Crown lengthening and principles Dr Domniki Chatzopoulou
& Dr Nikos Mardas
16 June Webinar BSP Back to Work Hand Instrumentation Masterclass 1 Miss Sarah Balian & Mrs
Donna-Marie Covey
18 June Webinar BSP Back to Work Hand Instrumentation Masterclass 2 Miss Sarah Balian & Mrs
Donna-Marie Covey
23 June Webinar BSP Back to Work Hand Instrumentation Masterclass 3 Miss Sarah Balian & Mrs
Donna-Marie Covey
25 June Webinar BSP Back to Work Hand Instrumentation Masterclass 4 Miss Sarah Balian & Mrs
Donna-Marie Covey
2 July Webinar The aetiology, diagnosis and treatment of the perio-endo
lesion, by Students, for Students		 Mr George Cooney, Ms
Jagjit Malhi & Mr Oliver
Ryder

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020
23
November		 Webinar Treatment concepts for the management of peri-implant
diseases		 Prof Frank Schwarz
8 December Webinar The Sir Wilfred Fish Research Prize Presentations Dr Rajaishree Armugam,
Ms Cher Farrugia & Mr
Patrick Fee
14
December		 Webinar Single tooth replacement: Decision making in potentially
problematic sites		 Prof Moshe Goldstein

This year the Society continued to develop its programme of webinars, which has proven to be an extremely popular and more effective tool than traditional regional lectures. Webinars allow better educational access to all members who can view live (or archived) presentations at home or work, via the web. The webinars in 2020 offered a wide range of relevant and interesting topics and were well received by our members.

The series of four BSP Back to Work Hand Instrumentation Masterclass webinars were provided free of charge to the wider dental community and provided a refresher course to help practitioners adapt to the new Covid-19 dental regulations. This series of webinars fulfilled our educational objectives and attracted registrations from over 11,380 dental care professionals.

Other events:

BSP at the British Dental Conference & Dentistry Show:

This event has been postponed to May 2022.

British Society of Dental Hygiene & Therapy Conference

This event has been postponed to 26-27[th] November 2021.

Early Career Group (ECG) :

Our ECG continues to develop and offer support for new members of the profession interested in periodontology. The website now provides more detailed information on Career Pathways and Specialty Training. The ECG hands-on Mucogingival Surgical Masterclass course in January 2020 was a huge success. The ECG have also worked hard to reply to member enquiries and offer advice on training routes. In addition, the ECG have worked with BSP Council to create a series of patient information leaflets. In 2020, the ECG social media accounts were merged with the main BSP platforms to build a greater following and ensure that communications are consistent.

3.9 Partnership agreements

Several companies (Acteon, GlaxoSmithKline, Johnson & Johnson, and Oral-B) have agreed to donate funds to the BSP to help deliver the aims of our Strategic Plan. These partnerships have been highly successful. The Executive General Manager provides them with regular updates and monthly newsletters, and they have been extremely impressed with the progress made and the projects undertaken.

3.10 Society’s Website / Social Media

As Canterbury Web ceased trading in 2020, we worked with a new company, Optima, to develop a more modern website to support our ever-developing educational programme and membership needs. The new website offers improved functionality and allows members to have more control over their BSP activities. The BSP website offers key information on periodontal disease and implant dentistry for both patients, the public and dental care professionals. It provides key management functionality that the Society use for event bookings, advertising job vacancies and maintenance of the membership.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

The website holds our databases, conference and event registrations, course feedback and CPD certificates and is fully GDPR compliant. In addition, the site also contains case reports, a jobs’ section, newsletters, publications, educational videos and resources. The new website certainly reflects the dynamic nature of the BSP and Mrs Dunn and Mrs Lawson are working hard to develop the site further.

The Society has a good social media following with platforms on Facebook, Twitter and Instagram. The social media accounts continue to grow and are led by Mrs Paula Dunn. Private platforms posts and dental queries are responded to be Dr Ian Dunn. The BSP recognise that good, effective communication is key and essential to enable us to achieve our strategic aims and maintain strong, working relationships at all levels of the Society. Social media has become an integral part of membership growth, collaboration with other health professionals and raising awareness of the latest news and we are therefore exploring ways to expand our social media team.

3.11 Monthly Newsletters and Periodical

The monthly newsletter is written by Mrs Paula Dunn and edited by Dr Richard Tucker. The newsletter is a professional, informative, and well received publication that helps Society members keep up to date on activities and clinical information. The newsletters are distributed by email.

The Periodical magazine is an annual summary of the year’s main events and Society activities. In 2020, we encouraged members to contribute articles to the publication and were delighted to produce a 24-page Periodical. This was distributed in the post to all members.

4.0 Strategic Plan

This major initiative for the society was launched and agreed by the membership at the September AGM 2014. The Society has made considerable progress in delivering on this 5-year plan. The plan aims to develop and deliver a clear vision and mission for the society over the 5 years.

The vision is ‘Periodontal Health for a Better life’ and the mission ‘Promote public & professional awareness of periodontal & implant dentistry to achieve our vison of ‘periodontal health for a better life.’’ The plan consists of 3 strategic aims:

  1. To operate an open process of 2-way engagement with patients, the public and other key stakeholders and provide exchange of knowledge, views and priorities between the Society and the public, patients and healthcare professionals.

  2. To develop, implement and maintain strategic partnerships that will further the strategic aims of the Society and each partner organisation.

  3. To ensure long term growth & sustainability necessary for the Society to achieve its specific objectives.

Over the intervening years several key initiatives have been introduced by the society to deliver on these strategic aims.

The society continues to work closely with its Partner Sponsors to secure funding to help deliver the strategic plan.

The latest 5-year Strategic Plan 2019-2024 is available to view on the BSP website.

5.0 Financial Report

5.1 Overview of Financial Activity

For the year ending 31st December 2020 the Society’s total income was £249,012 (2019 = £508,078). Related costs were £225,055 (2019 = £404,128), providing a net surplus of £23,957 (2019 surplus of £103,950). We carried over to 2021 restricted funds (partnership monies for delivery of the strategic plan) of £53,632.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

5.2 Value Added Tax

With reference to the issue of V.A.T. liability for the Society’s activities the Society, as a Learned Society is exempt from paying VAT on some of it’s income. This is under schedule 9/group 9/item 1c of the V.A.T. Act 1994, in that we are an association the primary purpose of which is the advancement of a particular branch of knowledge or the fostering of professional expertise connected with the past or present professions or employments of its members.

The Society, as a non-profit making body, is an eligible body for education under schedule 9, group 6, item 1a. However, note 1e makes reference to the purpose to which any profit is put “a body which:

Is precluded from distributing and does not distribute any profit it makes and;

Applies any profits made from supplies of a description within this group to the continuance or improvement of such supplies.

5.3 Reserves Policy

The Officers have considered all major risks faced by the Society and feel we have sufficiently robust measures in place to mitigate these risks. A risk management policy in line with Charity Commission recommendations was approved by Council and also by the membership at the September 2003 AGM and continues to direct the Society’s financial strategy. The risk management includes the purchase of insurance to cover all our meetings against cancellation or the failure of speakers to attend.

A revised Reserves Policy was drafted in January 2013 by the previous Honorary Treasurer Prof Peter Heasman and this was presented to Council and adopted during 2013. This policy is based on the requirements of charity law, the charitable statement of recommended practice (2005) and good practice, as well as taking into account the current financial situation of the society. The society aims to hold in the region of £135,000 in a contingency fund to cover a number of financial identified scenarios that may impact on the society funds. This contingency fund is held in a ‘Stewardship Account’ with a balance of £141,670 current balance (31st December 2020). In addition, a balance of £175,000 is held in the EP8 legacy fund.

5.4 Public Benefit

The Trustees have complied with the duty under Charities Act 2006 s.4 to have due regard to guidance published by the Charity Commission in relation to Public Benefit.

6.0 Conclusions

At the end of the financial year 2020 the Society posted an overall surplus of £23,957. At the start of the financial year, we had restricted funds of £53,380 which have been utilised for the delivery of the strategic plan. The funds carried forward for restricted funds were £53,632. Due to Covid 19 the annual conference did not take place in 2020 and has been postponed to 12-14 November 2021.

7 Officers and organisation

The Officers of the Society are the Trustees for the purposes of the Charities Act 1993. The Trustees are elected or re-elected annually at the AGM.

The Officers who held office during the period of this report are detailed on page 1. The officer whose period of office ended at the end of 2020 was Professor Gareth Griffiths. The Officers of the Society were elected by the Society's membership at the Annual General Meeting held on 24[th] April 2019.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Council manages the affairs of the Society and the Officers of the Society are members of that Council. The Officers of the Society hold office for a period of one year and are eligible for re-election. The Senior VicePresident retains office for not more than two years in succession. The election of Officers is by ballot if necessary and the voting takes place at the Annual General Meeting to which all Society members are invited. The Other Members of Council hold office for a period of four years.

The Education and Events Committee meets to organise the Society’s annual meeting(s) and the Operational Planning Group made up of council members support in delivering the Society’s Strategic Plan.

Mrs Paula Dunn, Executive General Manager to the Society, supports all activities of the Society and is crucial to its smooth and efficient performance. Mrs Paula Dunn does provide counsel to the Officers but is not an Officer and does not have a voting position.

Mrs Tamsin Lawson is the Education & Events Manager for the Society and works in a part-time capacity from home.

Mrs Paula Dunn and Mrs Tamsin Lawson are self-employed and remunerated at hourly rates that are reviewed annually and agreed by Council.

On behalf of the Trustees Dr Aradhna Tugnait Honorary Treasurer 30 March 2021

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

I report on the financial statements of the Charity for the year ended 31 December 2020, which are set out on pages 12 to 24.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees are responsible for the preparation of the financial statements. The charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention:

have not been met or

Alison Whalley FCA Independent Examiner Naylor Wintersgill Limited Carlton House Grammar School Street Bradford BD1 4NS

Dated: 30 March 2021

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
1,000
-
Charitable activities
4
204,413
40,000
Investments
5
3,599
-
Total income
209,012
40,000
Expenditure on:
Charitable activities
6
185,307
39,748
Net income for the year/
Net movement in funds
23,705
252
Fund balances at 1
January 2020
465,363
53,380
Fund balances at 31
December 2020
489,068
53,632		 Total Unrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
1,000
57,771
-
244,413
383,787
65,000
3,599
1,520
-
249,012
443,078
65,000
225,055
338,457
65,671
23,957
104,621
(671)
518,743
360,742
54,051
542,700
465,363
53,380		 Total
2019
£
57,771
448,787
1,520
508,078
404,128
103,950
414,793
518,743

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020
Notes
£
Current assets
Debtors
12
70,878
Cash at bank and in hand
664,387
735,265
Creditors: amounts falling due within
one year
13
(192,565)
Net current assets
Income funds
Restricted funds
15
Unrestricted funds
Designated funds
16
371,541
General unrestricted funds
117,527		 2019
£
£
64,948
632,992
697,940
(179,197)
542,700
53,632
370,990
94,373
489,068
542,700		 £
518,743
53,380
465,363
518,743

The financial statements were approved by the Trustees on 30 March 2021.

Dr M Ide Trustee

Dr A Tugnait Trustee

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

The British Society Of Periodontology and Implant Dentistry is a Charitable Trust regulated by its original Trust Deed dated 19th July 1949 and amended in 1999.

1.1 Accounting convention

The accounts have been prepared in accordance with the Charity's Constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Bank interest receivable is included on an actual receipts basis.

Income resources are accounted for on a receivable basis.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

These costs include all expenditure for the publication of 'The Journal of Clinical Periodontology'', running conferences devoted to periodontology and the giving of grants to individuals advancing the field of periodontology along with support costs incurred.

1.6 Tangible fixed assets

Tangible fixed assets costing £200 or more are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

straight line over 2 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2020 2019
£ £
Donations and gifts - 55,771
Donated goods and services 1,000 2,000

2019 Donations include £54,871 received from EP9 surplus share.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

4 Charitable activities

Charitable Charitable
Income Income
2020 2019
£ £
Subscriptions 193,723 184,360
Partnership agreements 40,000 65,000
Conferences - 145,856
Educational courses and webinars 9,720 51,501
Leaflet sales 970 2,070
244,413 448,787
Analysis by fund
Unrestricted funds 204,413 383,787
Restricted funds 40,000 65,000
244,413 448,787

5 Investments

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Interest receivable 3,599 1,520

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

6 Charitable activities

Journal - paper
Journal - electronic
Conference costs
Event management fees
Awards and prizes
Educational initiative
Leaflet costs
Educational courses and webinars
Representation at non BSP events
BSP Events
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds		 2020
£
12,411
39,788
-
18,769
(191)
170
-
28,788
-
-
99,735
119,089
6,231
225,055
185,307
39,748
225,055		 2019
£
12,760
31,629
115,258
22,107
11,965
18,797
1,017
19,773
1,528
26,965
261,799
133,738
8,591
404,128
338,457
65,671
404,128

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

7
Support costs
Depreciation
Travel
Business Management
fees
Office costs
Insurance
Sundry
Irrecoverable VAT
Computer and website
WorldPay and Bank
charges
Accountancy
Cost of trustees
meetings
Independent examination
Indemnity insurance
Trustees and council
members expenses
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
-
1,603
-
46,150
-
7,741
-
608
-
691
-
15,498
-
42,487
-
1,649
-
2,662
-
-
518
-
5,017
-
456
-
240
119,089
6,231
119,089
6,231		 2020
£
-
1,603
46,150
7,741
608
691
15,498
42,487
1,649
2,662
518
5,017
456
240
125,320
125,320		 Support
costs
Governance
costs
£
£
486
-
5,393
-
44,469
-
10,641
-
679
-
2,202
-
13,810
-
51,784
-
1,187
-
3,087
-
-
2,119
-
3,868
-
456
-
2,148
133,738
8,591
133,738
8,591		 2019
£
486
5,393
44,469
10,641
679
2,202
13,810
51,784
1,187
3,087
2,119
3,868
456
2,148
142,329
142,329

All costs are allocated to the single charitable activity.

Trustees indemnity insurance was taken out during the year at a cost of £456 (2019 £456).

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the current or previous financial year.

9 Employees

There were no employees during the year.

10 Taxation

As a charity the company is exempt from tax on income falling within part II of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

11
Tangible fixed assets
Cost
At 1 January 2020
At 31 December 2020
Depreciation and impairment
At 1 January 2020
At 31 December 2020
Carrying amount
At 31 December 2020
12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
14
Trade creditors
Accruals		 Fixtures and fittings
£
4,250
4,250
4,250
4,250
-
2020
2019
£
£
3,600
14,400
67,278
50,548
70,878
64,948
2020
2019
£
£
4,291
7,073
178,135
162,514
5,746
4,273
4,393
5,337
192,565
179,197		 Fixtures and fittings
£
4,250
4,250
4,250
4,250
-
2020
2019
£
£
3,600
14,400
67,278
50,548
70,878
64,948
2020
2019
£
£
4,291
7,073
178,135
162,514
5,746
4,273
4,393
5,337
192,565
179,197
4,250
4,250
4,250
-
2019
£
14,400
50,548
64,948
2019
£
7,073
162,514
4,273
5,337
179,197

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

14 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Brought forward
Amount released to income
Amount deferred in year
Refunded
Carried forward		 2020
£
178,135
2020
£
162,514
-
24,031
(8,410)
178,135		 2019
£
162,514
2019
£
71,576
(71,576)
162,514
-
162,514

Deferred income relates to subscriptions and conference paid in advance.

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January resources expended 1 January resources expended 31 December
2019 2020 2020
£ £ £ £ £ £ £
Partnership
Agreements 54,051 65,000 (65,671) 53,380 40,000 (39,748) 53,632

Partnership agreements were received to support the aims of the strategic plan of the charity.

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

16 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 January
2019
£
Contingency Fund
140,275
EP8 2015 Legacy
175,000
EP9 2018 Legacy
-
315,275		 Transfers
Balance at
1 January
2020
£
£
844
141,119
-
175,000
54,871
54,871
55,715
370,990		 Transfers
Balance at
31 December
2020
£
£
551
141,670
-
175,000
-
54,871
551
371,541

The contingency fund is invested in a deposit account with Stewardship, a registered charity. It is held to cover costs in the event the charity is wound up, it is not expected to be used in the foreseeable future.

The EP8 2015 Legacy and EP9 2018 Legacy designated funds are to be used for future projects.

17 Funds

Balance at 1
January 2020
£
Restricted funds
53,380
Designated funds
370,990
General funds
94,373
518,743
Funds prior year
Balance at 1
January 2019
£
Restricted funds
54,051
Designated funds
315,275
General funds
45,467
414,793		 Income
Expenditure
Transfers Balance at 31
December
2020
£
£
£
£
40,000
(39,748)
-
53,632
-
-
551
371,541
209,012
(185,307)
(551)
117,527
249,012
(225,055)
-
542,700
Income
Expenditure
Transfers Balance at 31
December
2019
£
£
£
£
65,000
(65,671)
-
53,380
-
-
55,715
370,990
443,078
(338,457)
(55,715)
94,373
508,078
(404,128)
-
518,743

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

18
Analysis of net assets between funds
Fund balances at 31 December 2020 are
represented by:
Current assets/(liabilities)		 General
Restricted Designated
2020
2020
2020
£
£
£
111,019
60,140
371,541
111,019
60,140
371,541		 Total
2020
£
542,700
542,700		 General
Restricted
Designated
2019
2019
2019
£
£
£
94,373
53,380
370,990
94,373
53,380
370,990		 Total
2019
£
518,743
518,743

THE BRITISH SOCIETY OF PERIODONTOLOGY AND IMPLANT DENTISTRY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

19 Related party transactions