REGISTERED CHARITY NUMBER: 800234
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE ORAL AND DENTAL RESEARCH TRUST
Ark&Co Ltd Chartered Accountants & Chartered Tax Advisers The Maltings 2 Anderson Rd Bearwood Birmingham West Midlands B66 4AR
THE ORAL AND DENTAL RESEARCH TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE ORAL AND DENTAL RESEARCH TRUST
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their Report and the Financial Statements for the year ended 31st March 2025.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Trust are to promote the relief of suffering in oral and dental diseases through research and education.
FINANCIAL REVIEW
Financial position
This year our income was £57,802 (31st March 2024: £52,150). The low level of running costs of the Trust has been maintained through the year. There has been an increase in value of the Trust's investments during the year to £105,150 (31st March 2024: £101,621). Overall, the financial year return resulted in a surplus of £1,757 (Deficit 31 March 2024: (£2,751).
Principal funding sources
We remain very grateful to our sponsors for their financial support, which in 2024-2025 amounted to £53,000. Grants of £63,494 were made to 11 recipients. A previous awardee returned their grant of £2,470 as they were unable to undertake their study, and two grants to the value of £8,586 were written back as unclaimed. The awarded total is therefore reduced to £52,438 in the Statement of Financial Activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Trust is governed by a Trust Deed.
Recruitment and appointment of new trustees
Trustees are appointed by invitation and election by the residual Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
800234
Principal address
Dept of Oral Medicine and Pathology Floor 28, The Tower, Guy's Hospital London SE1 9RT
Trustees
Professor Iain LC Chapple Chairman and Director Dr Josefine Hirschfeld Secretary and Treasurer Professor Avijit Banerjee Dr Susan Bissett Professor Shauna Culshaw Dr Nigel Carter Dr Judith Husband Professor Paul Brocklehurst Professor Christopher Vernazza Dr Reena Wadia - Young Trustee
This page does not form part of the statutory financial statements
Page 1
THE ORAL AND DENTAL RESEARCH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
B Ark FCA CTA Ark&Co Ltd Chartered Accountants & Chartered Tax Advisers The Maltings 2 Anderson Rd Bearwood Birmingham West Midlands B66 4AR
Approved by order of the board of trustees on 6 January 2026 and signed on its behalf by:
Professor I L Chapple - Trustee
Page 2
| | | THE ORAL AND DENTAL RESEARCH TRUST , | INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| | |
Independent examiner's report to the trustees of The Oral And Dental Research Trust
I report to the charity trustees on my examination of the accounts of The Oral And Dental Research Trust (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
- Is accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2; the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I havemo concerns and have come across no other matters in connection with the examination to which attention should beil this report in order to enable aproper understanding oftheaccounts to be reached. —vVA}
B Ark FCA CTA
Ark&Co Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd Bearwood
Birmingham West Midlands B66 4AR
6 January 2026
Page 3
THE ORAL AND DENTAL RESEARCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 53,000 Investment income 2 4,452 Other income 350 Total 57,802 EXPENDITURE ON Raising funds 3 7,136 Charitable activities COST 52,438 Total 59,574 Net gains on investments 3,529 NET INCOME/(EXPENDITURE) 1,757 RECONCILIATION OF FUNDS Total funds brought forward 163,487 TOTAL FUNDS CARRIED FORWARD 165,244 |
31.3.24 Total funds £ 48,000 4,150 - 52,150 3,790 54,433 58,223 3,322 (2,751) 166,238 163,487 |
|---|---|
The notes form part of these financial statements
Page 4
THE ORAL AND DENTAL RESEARCH TRUST
BALANCE SHEET
31 MARCH 2025
| 31.3.25 Unrestricted fund Notes £ FIXED ASSETS Investments 6 105,150 CURRENT ASSETS Debtors 7 - Cash at bank 122,208 122,208 CREDITORS Amounts falling due within one year 8 (62,114) NET CURRENT ASSETS 60,094 TOTAL ASSETS LESS CURRENT LIABILITIES 165,244 NET ASSETS 165,244 FUNDS 9 Unrestricted funds 165,244 TOTAL FUNDS 165,244 |
31.3.24 Total funds £ 101,621 15,000 115,491 130,491 (68,625) 61,866 163,487 163,487 163,487 163,487 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 January 2026 and were signed on its behalf by:
Professor I L Chapple - Trustee
Professor A W Walls - Trustee
The notes form part of these financial statements
Page 5
THE ORAL AND DENTAL RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Other fixed asset invest - FII | 4,238 | 3,946 |
| Interest receivable - trading | 214 | 204 |
| 4,452 | 4,150 |
Page 6
continued...
THE ORAL AND DENTAL RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Support costs | 7,136 | 3,790 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
During the year, travel expenses of £501 (2024: £123) were reimbursed to trustees.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 48,000 |
| Investment income | 4,150 |
| Total | 52,150 |
| EXPENDITURE ON | |
| Raising funds | 3,790 |
| Charitable activities | |
| COST | 54,433 |
| Total | 58,223 |
| Net gains on investments | 3,322 |
| NET INCOME/(EXPENDITURE) | (2,751) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 166,238 |
| TOTAL FUNDS CARRIED FORWARD | 163,487 |
continued...
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THE ORAL AND DENTAL RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 April 2024 | 101,621 |
| Revaluations | 3,529 |
| At 31 March 2025 | 105,150 |
| NET BOOK VALUE | |
| At 31 March 2025 | 105,150 |
| At 31 March 2024 | 101,621 |
| There were no investment assets outside the UK. | |
| Cost or valuation at 31 March 2025 is represented by: | |
| Listed | |
| investments | |
| £ | |
| Valuation in 2021 | 19,506 |
| Valuation in 2022 | 7,168 |
| Valuation in 2023 | (2,486) |
| Valuation in 2024 | 3,322 |
| Valuation in 2025 | 3,529 |
| Cost | 74,111 |
| 105,150 |
The cost of investment of £74,111 relates to the valuation amount as at 31 March 2020 rather than the original cost of the investment.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | - | 15,000 |
continued...
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THE ORAL AND DENTAL RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 57,802 TOTAL FUNDS 57,802 |
At 1.4.24 £ 163,487 163,487 Resources expended £ (59,574) (59,574) |
31.3.25 31.3.24 £ £ 62,114 68,625 Net movement At in funds 31.3.25 £ £ 1,757 165,244 1,757 165,244 Gains and Movement losses in funds £ £ 3,529 1,757 3,529 1,757 |
|---|---|---|
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 166,238 TOTAL FUNDS 166,238 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 52,150 (58,223) TOTAL FUNDS 52,150 (58,223) |
Net movement At in funds 31.3.24 £ £ (2,751) 163,487 (2,751) 163,487 Gains and Movement losses in funds £ £ 3,322 (2,751) 3,322 (2,751) |
|---|---|
continued...
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THE ORAL AND DENTAL RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 166,238 166,238 |
Net movement in funds £ (994) (994) |
At 31.3.25 £ 165,244 |
|---|---|---|---|
| 165,244 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 109,952 | (117,797) | 6,851 | (994) |
| TOTAL FUNDS | 109,952 | (117,797) | 6,851 | (994) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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THE ORAL AND DENTAL RESEARCH TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 53,000 | 48,000 |
| Investment income | ||
| Other fixed asset invest - FII | 4,238 | 3,946 |
| Interest receivable - trading | 214 | 204 |
| 4,452 | 4,150 | |
| Other income | ||
| Other income | 350 | - |
| Total incoming resources | 57,802 | 52,150 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants | 52,438 | 54,433 |
| Support costs | ||
| Management | ||
| Administrative support | 1,000 | 1,000 |
| Meetings | 901 | 123 |
| Advertising | 1,900 | 1,500 |
| Conference sponsor | 2,177 | - |
| 5,978 | 2,623 | |
| Finance | ||
| Bank charges | 18 | 27 |
| Governance costs | ||
| Accountancy and legal fees | 1,140 | 1,140 |
| Total resources expended | 59,574 | 58,223 |
| Net expenditure | (1,772) | (6,073) |
This page does not form part of the statutory financial statements
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