IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053145792022-12-31053145792023-12-31053145792023-01-012023-12-31053145792021-12-31053145792022-01-012022-12-31053145792022-12-3105314579ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-3105314579ns15:PoundSterling2023-01-012023-12-3105314579ns11:FRS1022023-01-012023-12-3105314579ns11:IndependentExaminationCharity2023-01-012023-12-3105314579ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105314579ns11:FullAccounts2023-01-012023-12-3105314579ns11:CharitiesSORP2023-01-012023-12-3105314579ns16:EnglandWales2023-01-012023-12-3105314579ns11:RegisteredOffice2023-01-012023-12-3105314579ns0:Trustee22023-01-012023-12-3105314579ns0:Trustee32023-01-012023-12-3105314579ns0:Trustee42023-01-012023-12-3105314579ns0:Trustee52023-01-012023-12-3105314579ns0:Trustee62023-01-012023-12-3105314579ns0:Trustee72023-01-012023-12-3105314579ns0:Trustee12023-01-012023-12-3105314579ns0:Trustee82023-01-012023-12-3105314579ns0:Trustee92023-01-012023-12-3105314579ns0:Trustee102023-01-012023-12-3105314579ns0:Trustee112023-01-012023-12-3105314579ns0:Trustee122023-01-012023-12-3105314579ns0:Trustee132023-01-012023-12-3105314579ns0:Trustee142023-01-012023-12-3105314579ns0:TotalUnrestrictedFunds2023-01-012023-12-3105314579ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3105314579ns0:Activity82023-01-012023-12-3105314579ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-3105314579ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3105314579ns0:Activity82022-01-012022-12-3105314579ns0:Activity92023-01-012023-12-3105314579ns0:TotalUnrestrictedFundsns0:Activity92023-01-012023-12-3105314579ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3105314579ns0:Activity92022-01-012022-12-3105314579ns0:TotalUnrestrictedFunds2022-12-3105314579ns0:TotalRestrictedIncomeFunds2022-12-3105314579ns0:TotalUnrestrictedFunds2023-12-3105314579ns0:TotalRestrictedIncomeFunds2023-12-3105314579ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-3105314579ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-12-3105314579ns10:WithinOneYear2023-12-3105314579ns10:WithinOneYear2022-12-3105314579ns10:FurnitureFittingsToolsEquipment2023-01-012023-12-310531457922023-01-012023-12-3105314579ns10:OwnedAssets2023-01-012023-12-3105314579ns10:OwnedAssets2022-01-012022-12-3105314579ns0:TotalUnrestrictedFunds2022-01-012022-12-3105314579ns0:TotalRestrictedIncomeFunds2022-01-012022-12-3105314579ns0:Activity8ns0:TotalUnrestrictedFunds2022-01-012022-12-3105314579ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-3105314579ns0:TotalUnrestrictedFundsns0:Activity92022-01-012022-12-3105314579ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-01-012022-12-3105314579ns10:FurnitureFittings2022-12-3105314579ns10:FurnitureFittings2023-01-012023-12-3105314579ns10:FurnitureFittings2023-12-3105314579ns10:FurnitureFittings2022-12-3105314579ns10:CostValuationns10:ListedExchangeTraded2022-12-3105314579ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2023-12-3105314579ns10:CostValuationns10:ListedExchangeTraded2023-12-31
REGISTERED COMPANY NUMBER: 05314579 (England and Wales)
REGISTERED CHARITY NUMBER: 1107420








Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Society For The Advancement Of
Anaesthesia In Dentistry

The Society For The Advancement Of
Anaesthesia In Dentistry






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5 to 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12 to 20

The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives were to promote and encourage the study and extend the practice of improved methods of administration of anaesthesia and sedation and all forms of anxiety and pain control in Dentistry. There has been no change in these during the year.

The aim of the charity was to enhance the safety and well-being of the patients

The strategy adopted in furtherance of these objectives were to use lectures, classes, demonstrations, discussions, publications to impart to and disseminate among professions in and related to dentistry a knowledge of all forms of pain and anxiety control in dentistry.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Three major types of activities were undertaken by the charity.

The holding of courses and seminars.

The publication of an annual journal.

The funding of research projects.


The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Report of the Trustees
for the Year Ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE
The activities of the charity were severely restricted by the covid pandemic, and 2023 has been a year for continued recovery and in increased activity in all areas.

The number of membership subscriptions increased compared with the previous year.

The usual three courses and training schemes were provided during in the year, and were well supported. The blended format was popular and so the decision to continue to provide one of the courses in a blended format was confirmed.

The series of three SAAD Winter Webinars was well supported, and the society also organised a successful Joint Study Day working with the British Association of Oral Surgeons.

A webinar 'SAAD Life Support' was hosted in September. This was complimentary for SAAD members and was well supported by both members, and by non-members who paid a fee to attend.

The annual symposium was again impacted by a train strike, with the number of delegates being lower than usual.

The charity hosted a half day webinar in November to provide a greater understanding of the use of remimazolam.

The research projects were all allowed additional time for completion and are ongoing.

The SAAD Safe Sedation Practice Scheme and the Inhalation Sedation Equipment Loan Scheme continued to be available.

The SAAD Digest continues to be a tangible benefit of membership, along with the online CPD available from the SAAD website. Access is complimentary for members; non-members can pay a fee for access for 12 months.


The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Report of the Trustees
for the Year Ended 31 December 2023

FINANCIAL REVIEW
Financial review
The total incoming resources of the charity during the financial year was £533,333 (2022 - £417,010). The total resources expended during the financial year was £509,188 (2022 - £390,287).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have a risk management strategy which comprises:

- an annual review of the principal risks and uncertainties that the charity faces;
- the establishment of policies, systems and procedures to mitigate those risks identified in the annual review ; and
- the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

This work has identified that financial sustainability is the major financial risk for the charity. A financial advisor will be engaged to provide investment advice for the charity.

Decisions continue to be made to ensure the financial sustainability of the society whilst continuing to fulfil the charitable aims, wherever and however possible. The accounts are reviewed on a weekly basis and discussed at every board meeting.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution
The charity is a company limited by guarantee and was incorporated on the 16th December 2004. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements are set out below.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05314579 (England and Wales)

Registered Charity number
1107420


The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Report of the Trustees
for the Year Ended 31 December 2023

Registered office
21 Portland Place
London
W1B 1PY

Trustees
Dr L R Adams
Dr C Boyle
Dr F Clough
Dr M K Deol
Dr K M Downie (resigned 30.9.23)
Dr C G P Holden
Dr P C Howlett
Dr S Hughes
Ms E Lee (resigned 22.5.23)
Dr T Lees
Dr Y K Loo
Dr Z Shehabi
Dr A Stamp
Dr I Suida (appointed 30.9.23)

Independent Examiner
Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Approved by order of the board of trustees on 7 July 2024 and signed on its behalf by:





Dr P C Howlett - Trustee

Independent Examiner's Report to the Trustees of
The Society For The Advancement Of
Anaesthesia In Dentistry

Independent examiner's report to the trustees of The Society For The Advancement Of Anaesthesia In Dentistry ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent Examiner's Report to the Trustees of
The Society For The Advancement Of
Anaesthesia In Dentistry


Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Michael McKenna

Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

7 July 2024

The Society For The Advancement Of
Anaesthesia In Dentistry

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 66,487 - 66,487 58,005

Charitable activities 5
Evaluation fee - 2,736 2,736 9,246
Courses and conferences 432,026 - 432,026 324,287

Investment income 4 32,084 - 32,084 25,472
Total 530,597 2,736 533,333 417,010

EXPENDITURE ON
Charitable activities 6
Evaluation fee - 13,486 13,486 5,101
Courses and conferences 488,728 - 488,728 379,132

Other 6,974 - 6,974 6,054
Total 495,702 13,486 509,188 390,287

Net gains/(losses) on investments (10,045 ) - (10,045 ) (25,764 )

NET INCOME/(EXPENDITURE) 24,850 (10,750 ) 14,100 959


RECONCILIATION OF FUNDS
Total funds brought forward 778,790 90,216 869,006 868,047

TOTAL FUNDS CARRIED FORWARD 803,640 79,466 883,106 869,006

The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 11,342 - 11,342 13,344
Investments 13 423,960 - 423,960 434,005
435,302 - 435,302 447,349

CURRENT ASSETS
Cash at bank 435,466 79,466 514,932 493,413

CREDITORS
Amounts falling due within one year 14 (11,794 ) - (11,794 ) (6,041 )

NET CURRENT ASSETS 423,672 79,466 503,138 487,372

TOTAL ASSETS LESS CURRENT
LIABILITIES

858,974

79,466

938,440

934,721

ACCRUALS AND DEFERRED INCOME 15 (55,334 ) - (55,334 ) (65,715 )

NET ASSETS 803,640 79,466 883,106 869,006
FUNDS 16
Unrestricted funds 803,640 778,790
Restricted funds 79,466 90,216
TOTAL FUNDS 883,106 869,006

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.



The Society For The Advancement Of
Anaesthesia In Dentistry (Registered number: 05314579)

Balance Sheet - continued
31 December 2023

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2024 and were signed on its behalf by:





Dr P C Howlett - Trustee

The Society For The Advancement Of
Anaesthesia In Dentistry

Cash Flow Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (10,565 ) (10,928 )
Net cash used in operating activities (10,565 ) (10,928 )

Cash flows from investing activities
Interest received 6,891 1,058
Dividends received 25,193 24,414
Net cash provided by investing activities 32,084 25,472

Change in cash and cash equivalents in
the reporting period

21,519

14,544
Cash and cash equivalents at the
beginning of the reporting period

493,413

478,869
Cash and cash equivalents at the end
of the reporting period

514,932

493,413

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Cash Flow Statement
for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.12.23 31.12.22
£    £   
Net income for the reporting period (as per the Statement of
Financial Activities)

14,100

959
Adjustments for:
Depreciation charges 2,002 2,355
Losses on investments 10,045 25,764
Interest received (6,891 ) (1,058 )
Dividends received (25,193 ) (24,414 )
Decrease in creditors (4,628 ) (14,534 )
Net cash used in operations (10,565 ) (10,928 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank 493,413 21,519 514,932
493,413 21,519 514,932
Total 493,413 21,519 514,932

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. FIXED ASSET INVESTMENTS

Fixed asset investments are initially measured at transaction price plus transaction costs and are subsequently measured at fair value at each reporting date.

Changes in fair value are recognised in net income /(expenditure)in the year.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 15% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.


The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Fund accounting
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.

3. DONATIONS AND LEGACIES
31.12.23 31.12.22
£    £   
Membership fees 66,487 58,005

4. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Other fixed asset invest - FII 25,193 24,414
Deposit account interest 6,891 1,058
32,084 25,472

5. INCOME FROM CHARITABLE ACTIVITIES
31.12.23 31.12.22
Activity £    £   
Evaluation fees Evaluation fee 2,736 9,246
Courses and conferences Courses and conferences 432,026 324,287
434,762 333,533

Grants received, included in the above, are as follows:
31.12.23 31.12.22
£    £   


The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 7) note 8) Totals
£    £    £    £   
Evaluation fee 13,486 - - 13,486
Courses and conferences 286,227 3,435 199,066 488,728
299,713 3,435 199,066 502,214

7. GRANTS PAYABLE
31.12.23 31.12.22
£    £   
Courses and conferences 3,435 30,991


8. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Other resources expended 822 3,932 2,220 6,974
Courses and conferences 179,626 - 19,440 199,066
180,448 3,932 21,660 206,040

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 2,002 2,355


The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

During the year the Trustees received expenses in the sum of £19,440 (2022:£15,019).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 58,005 - 58,005

Charitable activities
Evaluation fee - 9,246 9,246
Courses and conferences 324,287 - 324,287

Investment income 25,472 - 25,472
Total 407,764 9,246 417,010

EXPENDITURE ON
Charitable activities
Evaluation fee 5,101 - 5,101
Courses and conferences 379,132 - 379,132

Other 6,054 - 6,054
Total 390,287 - 390,287

Net gains/(losses) on investments (25,764 ) - (25,764 )

NET INCOME/(EXPENDITURE) (8,287 ) 9,246 959


RECONCILIATION OF FUNDS
Total funds brought forward 787,077 80,970 868,047

TOTAL FUNDS CARRIED FORWARD 778,790 90,216 869,006

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 and 31 December 2023 68,271
DEPRECIATION
At 1 January 2023 54,927
Charge for year 2,002
At 31 December 2023 56,929
NET BOOK VALUE
At 31 December 2023 11,342
At 31 December 2022 13,344

13. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2023 434,005
Revaluations (10,045 )
At 31 December 2023 423,960
NET BOOK VALUE
At 31 December 2023 423,960
At 31 December 2022 434,005

There were no investment assets outside the UK.

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2020 (84,521 )
Valuation in 2021 53,783
Valuation in 2022 (25,763 )
Valuation in 2023 (10,045 )
Cost 490,506
423,960

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accruals and deferred income 11,794 6,041

15. ACCRUALS AND DEFERRED INCOME
31.12.23 31.12.22
£    £   
Accruals and deferred income 55,334 65,715

16. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 778,790 24,850 803,640

Restricted funds
Restricted 90,216 (10,750 ) 79,466

TOTAL FUNDS 869,006 14,100 883,106

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

16. MOVEMENT IN FUNDS - continued

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 530,597 (495,702 ) (10,045 ) 24,850

Restricted funds
Restricted 2,736 (13,486 ) - (10,750 )

TOTAL FUNDS 533,333 (509,188 ) (10,045 ) 14,100


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 787,077 (8,287 ) 778,790

Restricted funds
Restricted 80,970 9,246 90,216

TOTAL FUNDS 868,047 959 869,006

Comparative 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 407,764 (390,287 ) (25,764 ) (8,287 )

Restricted funds
Restricted 9,246 - - 9,246

TOTAL FUNDS 417,010 (390,287 ) (25,764 ) 959

The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 787,077 16,563 803,640

Restricted funds
Restricted 80,970 (1,504 ) 79,466

TOTAL FUNDS 868,047 15,059 883,106

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 938,361 (885,989 ) (35,809 ) 16,563

Restricted funds
Restricted 11,982 (13,486 ) - (1,504 )

TOTAL FUNDS 950,343 (899,475 ) (35,809 ) 15,059


The Society For The Advancement Of
Anaesthesia In Dentistry

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.