company registration number 02260991 the association of dental … · 2020. 3. 4. · the...

COMPANY REGISTRATION NUMBER 02260991

THE ASSOCIATION OF DENTAL

IMPLANTOLOGY LIMITED

(UMITED BY GUARANTEE)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2017

Charity Number 800238

Abbey House

Hickleys Court

South Street

Farnham

Surrey

GU9 7QQ

THE ASSOCIATION OF DENTAL IMPLANTOLOGY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2017

CONTENTS PAGE

Off icers and professional advisers 1

Trustees' annual repor t 2 t o 8

Independent aud i to r 's repor t t o t h e members 9 t o 11

S ta tement of f inancia l act iv i t ies ( incorpora t ing t h e

income and expend i tu re account) 12

Balance sheet 13

Cash f l o w s ta temen t 14

Notes to t h e f inancia l s ta tements 15 t o 2 1


TRUSTEES' ANNUAL REPORT

YEAR ENDED 31JULY 2017

The t rus tees (who are also d i rectors of t h e char i ty f o r t h e purposes of t h e Companies Act 2006) , present the i r

repor t and t h e aud i ted f inancia l s ta tements of t h e char i ty f o r t h e year ended 31 July 2017.

Legal and admin is t ra t i ve i n fo rma t i on set ou t be low and on page 2 f o r m par t of th is repor t . The f inancia l

s ta tements comp ly w i t h t h e Charit ies Act 2 0 1 1 , t h e Companies Act 2006, t h e M e m o r a n d u m and Art ic les of

Associat ion, and Account ing and Report ing by Chari t ies: S ta tement of Recommended Practice appl icable t o

char i t ies p repar ing the i r accounts in accordance w i t h t h e Financial Repor t ing Standard appl icable in t h e UK and

Republic of I reland (FRS 102)(ef fect ive 1 January 2015) .

The t rus tees con f i rm tha t t hey have comp l i ed w i t h t h e du ty in s l 7 of t h e Charit ies Act 2 0 1 1 t o have due regard

to t h e publ ic benef i t gu idance publ ished by t h e Chari ty Commiss ion , w h e n rev iewing t h e Company 's aims and

object ives and in p lanning f u t u r e act iv i t ies.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Name

Charity Registration Number

Company Registration Number

Registered Office

DIRECTORS AND TRUSTEES

The t rus tees w h o served t h e char i ty dur ing t h e year w e r e as fo l lows :

Dr P Friel

Dr C Parker

Dr A Faqir

M r s Campbel l

Dr P Fairbairn

D r S Jones

Dr D Bingham

M r A Vi ran i

Dr I A m r o r e

M r G Margar l t is

M r W S c h a e f f e r

Ms E Keenan

Dr N Kirk

D r Z Kanaan

M r A Patel (appo in ted 12 September 2016)

Dr P George (appo in ted 25 November 2016)

Miss J V\/ilson (appo in ted 25 November 2016)

Dr R Brookshaw (resigned 12 October 2016)

Mrs K Walker (resigned 25 November 2016)

The Associat ion o f Dental Imp lan to logy L imi ted

800238

0 2 2 6 0 9 9 1 (England and Wales)

Abbey House

Hickleys Court

South Street

Farnham

Surrey

GU9 7QQ

Executive Director D r T Hogan

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ndependent Auditors Taylorcocks

Char tered Accountan ts & S ta tu to ry Aud i t o r

3 Acorn Business Centre

No r tha rbou r Road

Cosham

Por tsmouth

P06 3TH

Bankers Nat ional Wes tm ins te r Bank Pic

East Sheen Branch

3 4 1 Upper R ichmond Road Wes t

London

SW14 8QP

PUBLIC BENEFIT

The Associat ion of Dental Imp lan to logy 's (ADI) char i tab le objects as s ta ted in its Art ic les of Associat ion are "To

advance educat ion in t h e f ie ld o f denta l imp lan to logy fo r t h e benef i t of t he publ ic" , and ADI has t h e fol low/ ing

char i tab le purposes:

• Advancemen t of educat ion

• Advancemen t o f heal th or saving of lives

Advancement of health

A denta l imp lan t is an art i f ic ia l rep lacement f o r a t o o t h roo t , usual ly made f r o m t i t a n i u m . The main a im du r ing

the p lacement of any imp lan t is t o achieve i m m e d i a t e close contact v\/ith t he su r round ing bone . Over t i m e

f u r t he r g r o w t h o f bone o n t o t h e imp lan t surface enhances t h e stabi l i ty o f t h e imp lan t . In o rde r t o suppor t

rep lacement t e e t h , denta l imp lants norma l l y have some f o r m of in terna l screw t h r ead or post space t h a t

a l lows a var ie ty of componen ts t o be f i t t e d . Once f i t t e d , these componen ts prov ide t h e f o u n d a t i o n fo r

long- te rm suppor t o f c rowns , br idges or den tu res .

Dental imp lan to logy is t h e f ie ld of den t i s t ry cover ing t h e p lacement , res tora t ion and ma in tenance of denta l

imp lan ts . It cont inues t o gain recogn i t ion in ma ins t ream dent is t ry as It is no longer acceptable f o r edentu lous

pat ients s imply t o be o f f e red den tu res t o replace missing t e e t h , since fo r pat ients w i t h b roken or missing t e e t h

denta l implants can o f fe r i m p o r t a n t advantages over dentures or br idges, such as p reven t ion o f bone loss and

preservat ion of t h e facial s t ruc tu re .

Advancement of education

ADI seeks to educate t h e publ ic abou t t h e po ten t ia l benef i ts of denta l implants .

ADI seeks t o c o m m u n i c a t e w i t h members o f t h e publ ic bo th d i rect ly and t h rough the denta l professionals

wh ich make up t h e ADI's membersh ip . The pa t ien t webs i te (www.cons ider ingden ta l imp lan ts .co .uk ) was

launched in January 2015, and t h e 16-page book le t , 'Consider ing Dental Implants? A Pat ient 's Guide t o Dental

Imp lan t T rea tmen t ' , has been d is t r i bu ted w ide ly in t h e UK (The ADI was pleased t o o f fe r 50 f ree pa t ien t

i n f o rma t i on leaf lets t o members in 2017) . A f ree pat ien t awareness session was held at t h e ADI Team Congress

2017. M e m b e r s of t he publ ic regular ly call t h e ADI o f f ice fo r i n f o r m a t i o n .

In 2016, t h e ADI C o m m i t t e e f o r m e d its Public Awareness Sub-commi t tee , chaired by ADI President Craig

Parker, whose main remi t is t o deve lop and oversee p rog rammes of act iv i ty t h a t wi l l increase awareness (by

bo th t h e publ ic and t h e denta l profess ion as a who le ) o f denta l implants as an a l ternat ive t o o the r t r e a t m e n t

op t ions , and t o increase unders tand ing of t h e benef i ts of denta l imp lan to logy .




Every denta l professional must be able t o p rov ide i n fo rma t i on t o t i i e i r pa t ien ts on denta l imp lan ts as a possible

t r e a t m e n t o p t i o n , and one of ADI's key roles is t o advance t h e educat ion of denta l professionals in t h e f ie ld of

imp lan t dent is t ry . As denta l professionals increase the i r surgical skills and know ledge , pat ients wi l l benef i t w i t h

increased access t o qual i ty care at a local level .

ADI con t r ibu tes t o educat ion in t h e f ie ld by organis ing educat ional events (regional Study Clubs, Masterclasses,

Focus meet ings . M e m b e r s ' Nat iona l Forums and Team Congresses) and by fac i l i ta t ing men to r i ng t h r o u g h the

ADI Register of Men to rs . As a membersh ip organisat ion, ADI provides a f o r u m fo r discussion and shar ing of

i n f o rma t i on via t h e ADI M e m b e r s ' Facebook Group. The ADI's events and o the r educat iona l act iv i t ies are

discussed in t h e Act iv i t ies sect ion of th is Trustees ' Report be low.

The ADI is a to ta l l y impar t ia l o rgan isa t ion , w i t h no commerc ia l al legiances, and hence ADI is respected as a

source o f unbiased i n f o r m a t i o n . ADI also acts as a por ta l t o events and courses p rov ided by o the r organisat ions

t h rough t h e on l ine Events & Courses Calendar.

Hence, in l ine w i t h its char i tab le purposes, ADI advances heal th t h r o u g h its act iv i t ies ded ica ted t o advancing

educat ion fo r bo th t h e publ ic and denta l professionals in t h e f ie ld o f denta l imp lan to logy , as denta l imp lan ts in

many cases o f fe r pat ients advantages compared t o t rad i t iona l me thods of t r e a t m e n t . Th rough advancing

educa t ion , ADI wi l l con t r i bu te t o increasing publ ic awareness o f t he po ten t ia l benef i ts of denta l imp lants and

t o increasing t h e avai labi l i ty of denta l imp lan t t r e a t m e n t and the s tandard at wh ich it is de l i vered .

The ADI Commi t t ee has regard t o t h e Chari ty Commission's publ ic benef i t gu idance w h e n exercising any

powers or dut ies t o wh ich the guidance is re levant .

GOVERNANCE

The ADI is admin is te red by a nat iona l ly e lected body of t rustees ( the Commi t t ee ) , all of w h o m are Dent ists,

Dental Care Professionals or Dental Technicians w h o have vo lun tee red the i r t i m e t o m e e t regular ly in o rde r t o

assess and i m p l e m e n t t he s t ra tegy of t h e ADI.

The C o m m i t t e e meets a m i n i m u m of f ou r t imes a year, and has also created t h e f o l l ow ing sub-commi t tees t o

assist w i t h t h e deve lopmen t of its act iv i t ies: 2017 Congress Sub-commi t tee , 2019 Congress Sub -commi t t ee ,

Masterclasses Sub-commi t tee , Study Clubs Sub-commi t tee , Public Awareness Sub-commi t tee and Young

Dentists Sub -commi t tee .

At t h e A G M on 25 November 2016, held at t h e ICC B i rm ingham, it was announced t h a t Julia V\/ilson had

succeeded Karen Wi lson as DCP Representat ive on t h e ADI Commi t t ee . Zaki Kanaan, Am i t Patel and Pynadath

George had been co -op ted by C o m m i t t e e t o f i l l t h e Regional Representat ive posts f o r London, Wes t Central

England and Nor th West England respect ively.

At its mee t i ng on 19 June 2017, t h e C o m m i t t e e agreed t o establ ish t h e new C o m m i t t e e post o f Academic

Representat ive, subject t o approva l of t h e necessary change t o t he ADI's cons t i tu t i on at t h e A G M on 25

November 2017. The post ho lder w i l l be expected t o have s t rong research exper ience and s t rong links w i t h

academia, and wi l l have a ro le in ver i fy ing t h e academic and scient i f ic accuracy of educat iona l i n fo rma t i on

p rov ided by t h e ADI . They wi l l also lead specific academic act iv i t ies of t h e ADI , e.g. research, consensus

meet ings etc, t o assist t h e ADI in con t r i bu t i ng t o t h e body of knowledge in Imp lan t dent is t ry f r o m an ev idence

based perspect ive.

The C o m m i t t e e enjoys a p roduc t i ve d ia logue w i t h key stakeholders and dur ing t h e year, C o m m i t t e e

representat ives m e t w i t h ADI Past Presidents (11 November 2016) , Company M e m b e r s (18 November 2016)

and educat ion prov iders (2 December 2016 and 9 June 2017) t o receive the i r feedback and ideas.




ADI was pleased t o have t h e o p p o r t u n i t y t o con t r i bu te t o t h e d o c u m e n t publ ished by FGDP(UK) "Tra in ing

Standards in Implant Dent is t ry 2016" , t h e revision o f t h e 2012 Tra in ing Standards. The d o c u m e n t is next due

fo r revision in 2019. ADI Commi t t ee has subsequent ly f o r m e d a W o r k i n g Party t o f o r m u l a t e an ADI pos i t ion

s ta temen t on t h e subject of m e n t o r i n g in denta l imp lan to logy .

ACHIEVEMENTS AND PERFORMANCE

A) Guidance Papers

The ADI is c o m m i t t e d t o educa t ion , research and t h e encouragement o f its members t o con t r i bu te t o t h e

f u t u r e evo lu t ion o f imp lan t t he rapy and re la ted sciences.

Our k indred associat ion based in Germany, BDIZ EDI, con t inuous ly works on topics t h a t are cu r ren t and highly

cont rovers ia l , consider ing it an i m p o r t a n t task t o look fo r , and f i n d , a pan-European consensus on these top ics .

Since 2006, a European panel o f experts consist ing of pract i t ioners and academics, inc lud ing representat ives

f r o m t h e ADI , have come toge the r annual ly t o f o r m t h e European Consensus Conference (EuCC) t o deve lop a

consensus on t h e top ic and t o d ra f t pe r t i nen t guidel ines. The resu l t ing guidel ines are avai lable t o ADI members

via t h e m e m b e r s ' area of t h e webs i te . The most recent is 'Upda te on shor t , angula ted and d iamete r reduced

imp lan ts ' (2016).

B) A Dentist's Guide to Implantology

'A Dent ist 's Guide t o Imp lan to logy ' was publ ished on t h e ADI webs i te in March 2013. The a im of t h e

pub l ica t ion is t o p rov ide an overv iew of t h e founda t ions of denta l imp lan to logy fo r cl inicians w h o are new t o

t h e f ie ld . Dentists wi l l f i nd th is t o be an i m p o r t a n t source of va luable i n fo rma t i on on all aspects of imp lan t

dent is t ry f r o m t r e a t m e n t p lann ing t o socket augmen ta t i on or ma in tenance in t he long t e r m .

C o m m i t t e e is cur ren t ly rev iewing and upda t ing th is d o c u m e n t .

C) ADI Dental Implant Placement Guidelines

Formal ly T h e Dental Imp lan t Protocols ' and avai lable t o m e m b e r s f o r purchase in p r in t f o r m , t h e upda ted

d o c u m e n t , renamed 'ADI Denta l Imp lan t Placement Guidel ines' , is n o w f ree ly avai lable in e lect ronic f o r m a t t o

members via t h e m e m b e r s ' area o f t h e ADI webs i te .

The 42-page reference d o c u m e n t compr ises background i n fo rma t i on , examples o f le t ters , medical and denta l

h is tory quest ionna i re t emp la tes , and gu idance on t r e a t m e n t p lann ing, wh ich can c o m p l e m e n t exist ing

protocols and can be ta i l o red t o suit ind iv idual pract ices. It is no t prescr ip t ive, ra ther a co l lect ion o f

recommenda t ions t o p r o m o t e best pract ice.

D) Mentor Register

The Train ing Standards in Imp lan t Dent is t ry d o c u m e n t publ ished by FGDP(UK) in 2008 s ta ted t h a t " be fo re

under tak ing imp lan t t r e a t m e n t , a dent is t shou ld be fami l ia r w i t h t h e procedures invo lved in cl inical

assessment, t r e a t m e n t p lann ing and t h e p lacement and res tora t ion of implants in con junc t ion w i t h an

exper ienced men to r , as part of a t ra in ing course in imp lan t den t i s t ry " .

W i t h th is in m ind , t h e ADI recognised t h e need fo r an impar t ia l m e n t o r register avai lable t o dent ists w h o

w a n t e d t o embark on th is ever -g row ing f ie ld o f dent is t ry . This re la t ionsh ip be tween t h e m e n t o r and m e n t e e

can be establ ished, assisting t h e m e n t e e in deve lop ing the i r skills as an invaluable stage in learn ing. It is an

in i t ia t ive t ha t u l t imate ly focuses on t h e del ivery of qual i ty care t o pat ients .




The ADI Register of Men to rs was t he re fo re establ ished t h r o u g h wh ich ADI is act ing as a fac i l i ta tor t o enable

members w h o wish t o pass on the i r know ledge and clinical expert ise t o members w h o wish t o ex tend the i r

knowledge in denta l implants . (ADI does no t ve t m e n t o r appl icat ions and does not appo in t or r e c o m m e n d

men to rs , and is no t invo lved in any cont rac tua l or f inancia l re lat ionships be tween m e n t o r and mentee. )

The ADI Register o f Men to rs cur ren t l y includes 100 men to rs w h o are wi l l ing t o p rov ide m e n t o r services.

E) Members ' Online Forum and Facebook Group

The Onl ine Forum is an invaluable resource and a key benef i t of ADI membersh ip . The f o r u m al lows members

t o in teract w i t h fe l l ow members . M e m b e r s can post cl inical quest ions, up load x-ray images, or con t r i bu te t o

one of t h e exist ing th reads.

The ADI M e m b e r s ' Forum Facebook Group , wh ich was f o r m e d In Apr i l 2016 t o p rov ide a p l a t f o r m fo r ADI

members t o co l labora te and discuss imp lan t re la ted mat te rs , has become a very popu lar and act ive resource

w i t h several hund red ADI members having j o i ned t o da te .

F) Study Clubs

Study Clubs con t inue the i r p ivota l ro le in t h e ADI's meet ings p r o g r a m m e . The ADI cont inues t o t r y ou t new

Study Club fo rma ts , such as d inner meet ings, t r ea tmen t -p l ann ing evenings and roaming Study Club locat ions.

Dur ing the year, 30 meet ings w e r e he ld in 14 locat ions w i t h a to ta l of 576 delegates a t tend ing .

ADI Commi t t ee has f o r m e d a Study Clubs Sub-commi t tee (chaired by Eimear O'Connel l) w i t h t h e rem i t o f

deve lop ing t h e Study Clubs p r o g r a m m e . Also, f o r t he f i rs t t i m e a mee t ing of t h e Study Club hosts was held on

23 Apr i l 2017 t o help plan t h e events f o r t h e f o l l ow ing year.

Live web inars of t h r e e s tudy c lub meet ings w e r e held dur ing the year, wh i ch was also recorded and made

avai lable t o members . This in i t ia t ive was we l l received and it is i n tended t o expand t h e web ina r p r o g r a m m e fo r

2018.

In June 2017, ADI sought t h e v iew of its m e m b e r s w i t h a shor t on l ine survey focus ing on s tudy clubs. Feedback

was received f r o m 199 members , wh ich wi l l be invaluable f o r t h e p lanning of f u t u r e events.

G) Members ' National Forum

The biennial ADI M e m b e r s ' Nat iona l Forum provides members , bo th exper ienced and new t o imp lan to logy ,

w i t h t h e o p p o r t u n i t y t o present oral p resenta t ions on any imp lan t re lated top ic . Inc luding case studies, shor t

research papers ( inc luding systemat ic rev iews) , audi t , novel cl inical ideas and useful adjuncts t o cl inical

imp lan to logy , in t w o paral lel s t reams.

The 2017 M e m b e r s ' Nat ional Forum wi l l be he ld in Manches ter Central on 25 November 2017, and t h e call fo r

papers was issued in Apr i l 2017.

H) Masterclasses and Focus Meetings

The ADI Focus Mee t i ng 'Avo id ing Imp lan t Failures - Max imis ing Success' was held at t h e ICC B i rm ingham on

Friday 25 November 2016, w i t h t he speakers, StJohn Crean, A n t o n Sculean, Stephen Henderson and Hugo De

Bruyn. The event was a t tended by 133 delegates and t h e r e we re 14 exh ib i t ion stands.

Planning fo r t he 2018 events t o o k place, The next ADI Masterclass wi l l be 'The Transi t ion f r o m Teeth t o imp lan t

Suppor ted Tee th ' w i t h Marco Degidi and Paulo Ma lo , t o be he ld on 10 March 2018 at t he lET London; Savoy

Place, and an exci t ing p r o g r a m m e is be ing comp i led fo r t h e next ADI Focus Mee t i ng on t h e top ic o f innovat ions

in imp lan t dent is t ry , t o be he ld on 17 November 2018 at t h e ICC B i rm ingham.

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I) Team Congresses

The biennia l ADI Team Congress aims t o involve and educate t h e ent i re denta l imp lan t t e a m , w i t h a

h igh-qual i ty scient i f ic Plenary Programme and co rpo ra te f o r u m s , and ded ica ted p rog rammes fo r technic ians,

nurses/pract ice managers, hyg ien is ts / therapis ts and s tudents .

The ADI's 30 th Anniversary Team Congress 'Denta l Imp lan to logy : A Global Perspective - Inspirat ion From

A r o u n d The W o r l d ' was held at ExCel London on 2-4 March 2017. It was we l l a t t e n d e d , w i t h 7 1 7 1 delegates

and 55 exhib i tors .

The Congress had t h e f o l l ow ing a ims: ' Imp lan t den t is t ry in t h e 21st cen tury is very much a global p h e n o m e n o n ,

f r o m cl inical, technical and commerc ia l perspect ives. This 30 th Ann iversary ADI Team Congress wi l l re f lect th is ,

br ing ing the best speakers f r o m d i f fe ren t parts of t h e w o r l d t o give impar t ia l presentat ions on a var ie ty of

surgical and res tora t ive top ics , showcasing w h e r e imp lan t dent is t ry has come f r o m , w h e r e it is cur rent ly , and

w h a t t h e f u t u r e may hold f o r everyone w i t h an in terest in denta l imp lan ts . '

Even if dent ists do no t p rov ide denta l imp lants themse lves , t hey have an ethical ob l iga t ion t o r e c o m m e n d

t h e m t o pat ients in t h e appropr ia te c i rcumstances, and t h e y all have pat ients a t tend ing w i t h denta l implants

wh ich need t o be m o n i t o r e d and ma in ta ined proper ly . To he lp such dent ists f i nd ou t h o w t hey can prov ide t h e

fu l l range of t r e a t m e n t op t ions fo r t he i r pat ients , a new GDP Update Programme was held specif ical ly f o r

dent is ts w i t h no prev ious exper ience w i t h denta l imp lan ts .

For t he f i rs t t i m e , a fu l l day's Students ' P rog ramme was held t o encourage denta l s tudents t o become m o r e

involved in imp lan t dent is t ry , w i t h a m ix tu re o f lectures and hands-on workshops . As part of its ongo ing

p r o g r a m m e of publ ic awareness act iv i t ies, t h e ADI Team Congress 2017, fo r t h e f i rst t i m e , inc luded a Public

Awareness Session 'Consider ing Dental Imp lants ' de l ivered by Phil ip Bennet t wh ich was f ree t o m e m b e r s of t h e

publ ic.

The Congress Dinner was held at t h e Nat ional M a r i t i m e M u s e u m , Greenwich .

Dur ing t h e year, ini t ial p lanning t o o k place fo r t h e ADI Team Congress 2019 , wh i ch wi l l be he ld in Edinburgh on

2-4 May 2019.

J) Trade Shows

The ADI regular ly has stands at denta l Trade Shows and s tuden t events t o d is t r ibu te educat iona l mater ia ls ,

recrui t n e w members and increase awareness o f denta l imp lan to logy . The f o l l ow ing w e r e a t tended dur ing t h e

year:

6-8 September 2016: BDIA Dental Showcase at Excel London

3 October 2016: KCL Student Trade Fair

25 March 2017: BDSA Bristol

12-13 May 2017: The Dent is t ry Show

W e are gra te fu l t o Eimear O'Connel l , Karen Walker , Aly Vi rani and Peter Fairbairn f o r lectur ing at t he BDIA

Dental Showcase, and Julia Wi lson and Aly V i ran i fo r lec tur ing at The Dent is t ry Show.

K) Website

In July 2016, ADI re- launched its webs i te : www.ad i . o rg .uk , t o coincide w i t h t he open ing of de legate

regist rat ions fo r t h e 2017 Team Congress. The webs i te includes a Congress "m in i - s i t e "

(www.ad i . o rg .uk / cong ress l7 ) wh ich ref lects t h e special Congress brand ing . For t h e f i rst t i m e , an on l ine

membersh ip appl icat ion faci l i ty was p rov ided , inc lud ing t h e faci l i ty t o pay t h e membersh ip subscr ip t ion by

paperless d i rect deb i t .

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In May 2017, ADI launched its on l ine Events & Courses Calendar on t h e w/ebsite, wh ich provides t h e faci l i ty fo r

all educat ion prov iders, k indred organizat ions and companies t o add detai ls of t he i r events and courses. W e

ant ic ipa te t h a t th is wi l l be a useful resource fo r t h e w h o l e denta l imp lan to logy c o m m u n i t y .

L) Membership

As of 3 1 July 2017, t he ADI had 2,422 members compr is ing :

1,428 Clinicians

43 Technicians

62 Technic ian laborator ies

45 Companies

45 Nurses

54 Hygienis t /Therapis t

3 Practice Managers

39 First Five Years

694 Students

9 Honorary

Students can jo in ADI f ree of charge, and a 50% discount is avai lable f o r cl inicians w i t h i n the i r f i rs t 5 years of

g raduat ing . Fol lowing a rec ru i tmen t dr ive at s tuden t events, w e are pleased t o repor t t h a t ADI n o w has 694

s tuden t members .

M) Finances

Careful f inancia l s tewardsh ip over t h e years has enabled ADI t o under take a w ide range of act iv i t ies wh i l s t

deve lop ing suf f ic ient f inancia l reserves t o plan fo r f u t u r e Congresses, and t o sustain t h e organisat ion in t h e

long t e r m should t he re be a d o w n t u r n in income.

The ADI Commi t t ee agrees t h a t reserves of t h e o rder of £800,000 are requ i red t o underp in t h e Associat ion's

act iv i t ies over t h e next 5 years, t o manage cash f l o w and t o cover costs re la ted t o publ ic awareness in i t ia t ives,

f u t u r e Congresses, premises and IT. The C o m m i t t e e wi l l rev iew its reserves pol icy on an annual basis.

There was an opera t ing def ic i t of £114,039 in t h e 2 0 1 6 / 1 7 f inancia l year (2015 /16 - def ic i t of £22,641) . The

opera t ing def ic i t arose pr inc ipal ly f r o m t h e cost o f de l iver ing t h e ADI Team Congress 2017. As at 3 1 July 2017,

t h e to ta l unres t r i c ted funds s tood at £822,292 (2016 - £936,331) .

Specially appo in ted f u n d managers, w h o deal w i t h char i t ies, are overseeing t h e invested funds . £600K has been

invested, and t h e value of t h e inves tments as at 3 1 July 2017 was £814,314. The investments are m e d i u m risk,

and t h e funds can be accessed any t i m e by t h e ADI .

N) Risk Assessment

The C o m m i t t e e regular ly assesses t h e level of risk t o wh ich t h e organisat ion and its act ivi t ies is exposed, tak ing

remedia l act ion as necessary.

RESPONSIBILITIES OF THE TRUSTEES

The t rus tees (who are also d i rectors o f t h e char i tab le company fo r t he purposes of company law) are

responsible fo r prepar ing t h e Trustees ' Annua l Report and f inancia l s ta tements in accordance w i t h appl icable

law and Un i ted Kingdom Accoun t ing Standards (Un i ted Kingdom General ly Accepted Account ing Practice).




Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company ancf of the incoming resources and application of resources (including the income and expenditure) of the charitable company for that period. In preparing those financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently; • observe the methods and principles in the Charities SORP 2015 (FRS 102); • make judgements and estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards have been followed, subject to any material

departures disclosed and explained in the financial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume

that the charitable company will continue in business.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other Jurisdictions.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditor is unaware; and • the trustees have taken all steps that they ought to have taken as trustees to make themselves

aware of any relevant audit information and to establish that the auditor is aware of that information.

This report, which has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, was approved by the board on ..b...\̂ .9.y.̂ .0̂ .?..£̂ ..?:<?.».;? and signed on its behalf.

Registered office: Signed by order of the trustees Abbey House Hickleys Court South Street Farnham Surrey GU9 7QQ

Dr C Parker President


INDEPENDENT AUDITOR'S REPORT

TO THE M E M B E R S OF THE ASSOCIATION OF DENTAL IMPLANTOLOGY LIMITED

OPINION

W e have aud i ted the f inancial s ta tements of The Associat ion of Dental Imp lan to logy L imi ted ( the 'char i tab le

company ' ) fo r t he year ended 31 July 2017 wh ich compr ise t h e S ta tement of Financial Act iv i t ies ( incorpora t ing

t h e Income and Expendi ture Account ) , t h e Balance Sheet, t h e Cash Flow S ta tement and t h e re lated notes

n u m b e r e d 1 t o 17. The f inancia l repor t ing f r a m e w o r k t h a t has been app l ied in the i r p repara t ion is appl icable

law and Un i ted Kingdom Account ing Standards, inc lud ing Financial Repor t ing Standard 102 The Financial

Reporting Standard applicable In the UK and Republic of Ireland (Un i ted Kingdom General ly Accepted

Accoun t ing Practice).

In our op in ion t h e f inancia l s ta temen ts :

give a t r ue and fa i r v iew of t h e state of t h e char i tab le company 's affairs as at 3 1 July 2017 and of its

incoming resources and appl icat ion of resources fo r t h e year t h e n ended ;

have been p roper ly p repared in accordance w i t h Un i ted Kingdom General ly Accepted Account ing

Practice; and

* have been prepared in accordance w i t h t h e requ i remen ts of t he Companies Act 2006.

BASIS FOR OPINION

W e conduc ted ou r aud i t in accordance w i t h In te rna t iona l Standards on Aud i t i ng (UK) (ISAs (UK)) and appl icable

law. Our responsibi l i t ies under those standards are f u r t he r descr ibed in t h e Aud i to r ' s responsibi l i t ies fo r t h e

aud i t of t h e f inancia l s ta tements sect ion o f our repor t . W e are i ndependen t o f t h e char i tab le company in

accordance w i t h t h e ethical requ i rements t ha t are re levant t o our aud i t o f t h e f inancia l s ta tements in t he UK,

inc lud ing the PRC's Ethical Standard, and w e have fu l f i l led our o ther ethical responsibi l i t ies in accordance w i t h

these requ i remen ts . W e bel ieve t h a t t he audi t ev idence w e have ob ta ined is suf f ic ient and appropr ia te t o

p rov ide a basis f o r ou r op in ion .

CONCLUSIONS RELATING TO GOING CONCERN

W e have no th ing t o repor t in respect of t h e fo l l ow ing mat te rs in re la t ion t o wh ich t h e ISAs (UK) requ i re us t o

repo r t t o you w h e r e :

» t h e t rus tees ' use of t h e go ing concern basis o f account ing in t h e p repara t ion of t h e f inanc ia l s ta temen ts is

not app rop r ia te ; or

* t h e t rus tees have no t disclosed in t h e f inancial s ta temen ts any iden t i f ied mater ia l uncer ta in t ies t ha t may

cast s igni f icant d o u b t about t h e company 's abi l i ty t o con t inue t o adop t t h e going concern basis o f

account ing fo r a per iod of at least t w e l v e mon ths f r o m t h e date w h e n t h e f inancia l s ta tements are

au thor ised fo r issue.

OTHER INFORMATION

The o the r i n f o rma t i on compr ises the i n fo rma t i on inc luded in t h e Trustees ' Annua l Repor t . The t rus tees are

responsib le f o r t h e o the r i n f o r m a t i o n . Our op in ion on t h e f inancia l s ta tements does no t cover t h e o the r

i n f o rma t i on and except t o t h e extent o the rw ise expl ic i t ly s ta ted in our repor t , w e do not express and f o r m of

assurance conclusion t h e r e o n .


INDEPENDENT AUDITOR'S REPORT (continued)


In connect ion w i t h ou r audi t of t he f inancia l s ta tements , ou r responsib i l i ty is t o read t h e o the r i n fo rma t i on and,

in do ing so, consider w h e t h e r t h e o the r i n fo rma t i on is mater ia l ly inconsistent w i t h t h e f inancia l s ta tements or

our knowledge ob ta ined in t h e audi t or o therw ise appears t o be mater ia l ly miss ta ted. If w e iden t i f y such

mater ia l inconsistencies or apparen t mater ia l m iss ta tements , w e are requ i red t o de te rm ine w h e t h e r t he re is a

mater ia l m iss ta tement in t h e f inancia l s ta tements or a mater ia l m iss ta tement of t h e o the r i n f o rma t i on . If,

based on the w o r k we have pe r f o rmed , w e conc lude tha t t he re is a mater ia l m iss ta tement of th is o the r

i n f o r m a t i o n , w e are requ i red t o repor t t ha t fact .

W e have no th ing t o repor t in th is regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In ou r op in ion , based on t h e w o r k under taken in t h e course of t h e aud i t :

» t h e i n fo rma t i on given in t h e Trustees' Annual Report , wh i ch includes t h e Directors ' Report p repared fo r

t he purposes o f company law, fo r t h e f inancia l year f o r wh i ch t h e f inancia l s ta tements are prepared is

consistent w i t h t h e f inancia l s ta tements ; and

* t h e Directors ' Report inc luded w i th in t he Trustees ' Annua l Report has been prepared in accordance w i t h

appl icable legal requ i remen ts .

MATTERS ON WHICH W E ARE REQUIRED TO REPORT BY EXCEPTION

In t h e l ight of our know ledge and unders tand ing of t h e company and its e n v i r o n m e n t ob ta ined in t h e course of

t h e audi t , w e have not ident i f ied mater ia l m iss ta tements in t h e Trustees ' Annual Repor t .

W e have no th ing t o repor t in respect of t he fo l l ow ing mat te rs w h e r e t h e Companies Act 2006 requires us t o

repor t t o you if, in our op in ion :

» adequate and proper account ing records have no t been kept , or re turns adequa te fo r our audi t have not

been received f r o m branches not v is i ted by us; or

» t h e f inancia l s ta tements are no t in agreement w i t h t h e account ing records and re tu rns ; or

» cer ta in disclosures of t rus tees ' r emunera t i on speci f ied by law are no t made ; or

» w e have no t received all t h e i n fo rma t i on and exp lanat ions w e requ i re fo r our aud i t ; or

• t h e t rus tees w e r e no t en t i t l ed t o prepare t h e f inancia l s ta temen ts In accordance w i t h t h e smal l

companies reg ime and take advantage of t h e smal l compan ies exempt ion in prepar ing t h e Trustees'

Annua l Report and f r o m t h e requ i remen t t o prepare a strategic repor t .

RESPONSIBILITIES OF TRUSTEES

As expla ined m o r e fu l ly in t h e t rus tees ' responsibi l i t ies s t a temen t [set ou t on pages 7-8], t h e t rus tees ( w h o are

also t h e d i rectors of t h e char i tab le company fo r t h e purposes o f company law) are responsible f o r t he

p repara t ion of t h e f inancia l s ta tements and fo r being sat isf ied t ha t t hey give a t r u e and fair v iew, and fo r such

in terna l con t ro l as t h e t rustees de te rm ine is necessary t o enable t h e p repara t ion of f inancia l s ta tements t ha t

are f ree f r o m mater ia l m iss ta tement , w h e t h e r due t o f r aud or er ror .

In p repar ing t h e f inancia l s ta tements , t h e t rus tees are responsib le f o r assessing t h e char i tab le company 's

abi l i ty t o con t inue as a going concern , disclosing, as appl icable, ma t te rs re lated t o go ing concern and using the

going concern basis of account ing unless t h e t rus tees e i ther i n tend t o l iqu idate t h e char i tab le company or t o

cease opera t ions , or have no real ist ic a l ternat ive bu t t o do so.

-10-


INDEPENDENT AUDITOR'S REPORT (continued)


AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance w/hether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilties. This description forms part of our auditors' report.

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Blake ACA (Senior Statutory Auditor)

For and on behalf of

Statutory Auditor

Office: Portsmouth

Date:...^ !.

Taylorcocks is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

-11-


STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)


Unrestricted Total Funds Total Funds Funds Restricted Funds 2017 2016

Note £ £ £ £

INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities Investments

TOTAL

EXPENDITURE ON: Raising funds Charitable activities

TOTAL

NET INCOME/(EXPENDITURE) OTHER RECOGNISED GAINS/(LOSSES): Gains on investment assets 14

NET MOVEMENT IN FUNDS 16 RECONCILIATION OF FUNDS Total funds brought forw/ard

TOTAL FUNDS CARRIED FORWARD

403,542 633,946

18,155

1,055,644

(16,557) (1,239,096)

(1,255,652)

(200,008)

85,969

(114,039)

936,331

822,292

403,542 633,946

18,155

1,055,644

(16,557) (1,239,096)

(1,255,652)

(200,008)

85,969

(114,039)

936,331

822,292

389,000 130,905

17,817

537,722

(15,241)

(563,526)

(578,767)

(41,045)

18,404

(22,641)

958,972

936,331

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

-12-

The notes on pages 15 to 21 form part of these financial statements


BALANCE SHEET

31 JULY 2017

2017 2016

FIXED ASSETS

Tangible assets

CURRENT ASSETS

Debtors

Investments

Cash at bank

CREDITORS: Announts falling due w/ithin one year

Note

12

13 14

15

8,807

21,403

814,314

185,549

1,021,266

(207,781)

£

13,504

65,498

716,751

511,101

1,293,351

(370,524)

NET CURRENT ASSETS 813,485 922,827

TOTAL ASSETS LESS CURRENT LIABILITIES 822,292 936,331

NET ASSETS 822,292 936,331

FUNDS

Restricted funds

Unrestricted general fund

TOTAL FUNDS

822,292

822,292

936,331

936,331

These financial statements are prepared in accordance wi th the special provisions of Part 15 o f t h e Companies

Act relating to small charitable companies and were approved by the members of the committee on the

A.A<?.)iJ<!(S^^..'^.\y. ancUre^gned on their behalf by:

DrC Parker

President

Company Registration Number: 02260991

-13-

The notes on pages I S to 21 form part of these financial statements


CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2017

2017 2016

Reconciliation of net (expenditure) to net cash flow from operating activities

Net (expenditure)(as per the statement of financial activities) (114,040) (22,641) Adjustments for: Depreciation charges 4,697 4,804 (Gains) on investments (85,969) (18,404) Dividends and interest from investments (18,018) (17,456) Interest received (137) (361)

(lncrease)/decrease in debtors 44,096 (12,771) lncrease/(decrease) in creditors (162,743) 189,960

Net cash lnflow/(outflow) from operating activities (332,114) 123,131

CASH FLOW STATEMENT 2017 2016

Cash flows from operating activities: Net cash provided by (used in) operating activities

Cash flows from Investing activities: Interest received Dividends and interest from investments Proceeds from sale of investments Purchase of investments

Net cash provided by (used in) Investing activities

(332,114)

137 18,019

136,402 (147,997)

6,562

123,131

361 17,456

172,690 (198,489)

(7,982)

Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning o f the period

Cash and cash equivalents at the end ofthe reporting period

(325,552) 511,101

185,549

115,149 395,952

511,101

The notes on pages 15 to 21 form part of these financial statements


NOTES TO THE FINANCIAL STATEMENTS


ACCOUNTING POLICIES

a. Basis of accounting

The Association of Dental Implantology Limited is a charitable company registered in England and Wales. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office is Abbey House, Hickleys Court, South Street, Farnham, Surrey, GU9 7QQ.

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Association of Dental meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

These financial statements for the year ended 31 July 2017 are the first financial statements of the charitable company prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 August 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

b. Fund accounting General funds are unrestricted funds, which are available for use at the discretion of the trustees in

furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees at their discretion for a specific purpose.

c. Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

- Voluntary income is received by way of grants, donations and gifts and is included in full when

receivable.

- Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these financial statements.

- Investment income is included when receivable.

-15-




ACCOUNTING POLICIES (continued)

d. Resources expended

All expenditure is accounted for on an accruals basis as a liability is incurred. Expenditure includes VAT, which cannot be recovered, and is reported as part of the expenditure to which it relates.

- Costs of generating funds comprise the costs associated with attracting voluntary income.

- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

- All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

e. Tangible fixed assets and depreciation Fixed assets are recorded at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised.

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life. The rates used are as follows:

Fixtures, fittings and equipment at a rate to write off the value fully over four years on a straight line basis.

f. Investments Stocks and shares quoted on a recognised stock exchange are included in the balance sheet at their mid-market value at the year end. The difference between market value and the original cost of the investments are shown as unrealised investment gains or losses on the Statement of Financial Activities. The difference between the Balance Sheet value and the proceeds of investments disposed of are shown as realised gain or loss on the Statement of Financial Activities.

g. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.

h. Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

i. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

-16-




INCOME FROM DONATIONS AND LEGACIES

Unrestricted Funds

£

Restricted Funds

£

Total Funds 2017 £

Total Funds 2016 £

Membership subscriptions Sponsorship

Total

INCOME FROM CHARITABLE ACTIVITIES

399,542 4,000

403,542

399,542 4,000

403,542

389,000

389,000

Unrestricted Funds

£

Restricted Funds

£

Total Funds 2017 £

Total Funds 2016 £

Leaflets and Publications Exhibitions Meetings (Congress/Masterclasses/Study Clubs)

Social Events Ark Fees

Total

INVESTMENT INCOME

4,825 293,900

315,192 20,029

633,946

4,825 293,900

315,192 20,029

633,946

4,865 41,750

86,285

(1,995)

130,905

Unrestricted Funds

£

Restricted Funds

£

Total Funds 2017 £

Total Funds 2016 £

Dividend income Investment income

Total

EXPENDITURE ON RAISING FUNDS

18,019 136

18,155

18,019 136

18,155

17,456 361

17,817

Promotional cost Investment management costs

Unrestricted Funds

£ 3,140

13,417

Restricted Funds

£

Total Funds 2017 £

3,140 13,417

Total Funds 2016 £

3,755 11,486

Total 16,557 16,557 15,241

-17-




6. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Restricted Total Funds Total Funds

Funds Funds 2017 2016

£ £ £ £

Venue 216,788 - 216,788 23,777

Events 250,691 - 250,691 46,509

Speakers 124,333 - 124,333 23,944

Printing and Newsletters 46,076 - 46,076 14,424

Journal 7,423 - 7,423 7,206

Course Materials 13,003 - 13,003 862

Exhibition 65,939 - 65,939 -

Advertising and Marketing 124,537 - 124,537 28,159

Development Costs (Logbook) 2,886 - 2,886 3,482

Insurance 4,959 - 4,959 4,868

Salaries and Wages 176,361 - 176,361 196,010

Temporary Staff 8,790 - 8,790 22,688

Telephone 1,296 - 1,296 1,701

Postage and Stationery 22,116 - 22,116 22,949

Website Maintenance 4,499 - 4,499 4,204

Staff Recruitment 9,750 - 9,750 4,705

Couriers and Taxis 2,131 - 2,131 1,404

Sundry Expenses 3,309 - 3,309 190

Staff Expenses 20,720 - 20,720 17,946

Computer Costs 15,427 - 15,427 25,831

Depreciation of Equipment 4,697 - 4,697 4,804

Office Costs 58,991 - 58,991 56,320

Bank Charges 2,419 - 2,419 3,461

Credit Card Charges 5,500 - 5,500 687

Development (Ark) - - - 3,055

Governance costs 46,454 - 46,454 44,338

Total 1,239,096 - 1,239,096 563,526

7. ANALYSIS OF GOVERNANCE COSTS

Unrestricted Restricted Total Funds Total Funds Funds Funds 2017 2016

£ £ £ £

Auditor's fee 3,705 - 3,705 3,705 Committee Expenses 31,389 - 31,389 24,977 Legal and Professional fees 11,360 - 11,360 15,616

Total 46,454 - 46,454 44,298

-18-




8. STAFF COSTS AND EMOLUMENTS

Total staff costs were as follows: 2017 2016

£ £

Salaries and wages 159,458 178,458 Social Security costs 16,394 17,552 Pension costs 509

Total 176,361 196,010

One employee received emoluments of between £60,000 to £70,000 (2016: one).

The average number of contracted employees during the year, was as follows:

2017 2016 No. No.

Total 4 5

9. TRUSTEE REMUNERATION AND EXPENSES

Expenses totalling £31,389 (2016: £24,977) were reimbursed to 13 (2016: 13) trustees. These represented

payments for travel and subsistence to attend trustees' meetings.

No other trustee or other person related to the charity had any personal interest in any contract or

transaction entered into by the charity during the year (2016: £nil).

10. RELATED PARTY TRANSACTIONS

There were no transactions with related parties during the year (2016: nil).

11. TAXATION

No corporation tax has been charged on the surplus for the year because the activities of the Association

of Dental Implantology are not liable to corporation tax.

-19-




12. TANGIBLE FIXED ASSETS

COST At 1 August 2016 Additions

At 31 July 2017

Fixtures, Fittings and Equipment

£

60,002

60,002

Total £

60,002

60,002

DEPRECIATION At 1 August 2016 Charge for the year

At 31 July 2017

46,499 4,697

51,196

46,499 4,697

51,196

NET BOOK VALUE At 31 July 2017

At 31 July 2016

8,807

13,504

8,807

13,504

13. DEBTORS

Trade debtors VAT recoverable Prepayments

Total

2017 £ 360

1,701 19,342

21,403

2016 £

6,395

59,103

65,498

14. INVESTMENTS

Movement In market value

Market value at 1 August 2015 Acquisitions at cost Disposal proceeds Unrealised gain in year

Market Value at 31 July 2016

2017 £

716,751 147,997

(136,402) 85,969

814,314

Historical cost at 31 July 2016 651,922

None o f the individual investments is greater than 5% o f the total investment at the year end.

-20-




IS . CREDITORS: Amounts falling due within one year

2017 2016 £ £

Accrued expenses 36,693 18,821 Deferred income (see below) 171,088 330,544 VAT payable - 21,159

Total 207,781 370,524

Deferred income comprises two aspects as follows: a) advance sales relating to the Young Dentist Day 2017, which will be held on 2nd September 2017 and

to the Members National Forum 2017, which will be held on the 25th November 2017. b) Memberships are paid in advance in relation to the calendar year. Therefore membership income

for the period 1st August 2017 to 31st December 2017 has been deferred

16. ANALYSIS OF CHARITABLE FUNDS ANALYSIS OF MOVEMENT IN UNRESTRICTED FUNDS

Restated Balance at Incoming

1 August 2016 resources £ £

Unrestricted funds: General fund 936,331 1,141,613

Outgoing resources

£

(1,255,652)

Transfers £

Restated Balance at

31 July 2017 £

822,292

ANALYSIS OF MOVEMENT IN UNRESTRICTED FUNDS - Previous year Restated

Balance at Incoming Outgoing 1 August 2015 resources resources

£ £ £ Unrestricted funds: General fund 958,972 556,126 (578,767)

All the charity's funds are unrestricted and held in the general fund.

17. OPERATING LEASE COMMITMENTS

Annual commitments: Under one year Within two to five years

Transfers

2017 £

30,000 75,000

Restated Balance at

31 July 2016 £

936,331

2016

£

30,000 105,000

-21-

company registration number 02260991 the association of dental … · 2020. 3. 4. · the...

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