## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **REGISTERED CHARITY NUMBER : 221889**
## **REPORT OF THE HONORARY TREASURER**
## **AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED**
**30 June 2025**
**STRATHMORE ACCOUNTANTS Manchester**
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Index to the financial statements for the year ended 30 June 2025**
||Page|
|---|---|
|Trustees and advisers|1|
|Report of the Honorary Treasurer|2|
|Statement of the Trustees' responsibilities|3|
|Accountants' report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 to 8|
Page 1
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Trustees and advisers**
|Trustees|Dr V Mehra|Chairman|
|---|---|---|
||Dr S Minkoff|Chief Executive|
||Dr S Anane|Vice Chairman|
||Dr S J Dean|Hon. Treasurer|
||Dr R Thompson|Executive Member|
||Dr S Colabella|Executive Member|
||Dr A Karigiri|Executive Member|
|Administrative address|Oak House||
||47 Graham Street||
||Beswick||
||Manchester||
||M11 3BB||
|Accountants|Strathmore Accountants Limited||
||3rd Floor Ivy Mill||
||Crown Street||
||Failsworth||
||Manchester||
||M35 9BG||
|Bankers|Santander Corporate and Commercial Banking||
||298 Deansgate||
||Manchester||
||M3 4HH||
Page 1
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Report of the Honorary Treasurer for the year ended 30 June 2025**
This year a surplus of £28,017 has arisen against a budgeted surplus of £5,517 and an actual surplus of £5,599 in the previous year. The current year surplus includes profit on disposal of Charibond investments totalling £21,348 which was not included in the budget. The surplus excluding disposal profits stands at £6,669. Income from Charifund investments also performed ahead of expectations with total investment income standing at £5,106 against a budget of £4,525. Income from LMC buying groups was also in excess of budgeted performance at £564 against a budget of £148.
No donations were made to medically related charities during the year as it was decided to preserve the remaining funds for future activities.
The Trustees made the decision to maintain a minimum of £6,000 in liquid assets in order to comply with the LMC's Reserves Policy.
Looking to the future, a £4,094 surplus is projected for the financial year 2025/26 subject to fluctuation due to calls on the Compassionate Fund.
Continued monitoring of the financial position will be undertaken by the Trustees, to ensure that the Fund can achieve its objectives.
Dr S J Dean Honorary Treasurer
3rd November 2025
Page 2
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Statement of the Trustees' responsibilities for the year ended 30 June 2025**
Charity law requires the Trustees to prepare financial statements for each financial year.
In preparing those financial statements the Trustees are required to:
a) select suitable accounting policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue to operate.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Acts. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The trustees have referred to the Charity Commission's general guidance on Public Benefit Reporting and are satisfied that they have complied with the duty in the Charities Acts, to have due regard to public benefit guidance published by the Commission.
The Trustees are satisfied that the donations and grants made from the Compassionate Fund (see note 2) further the Fund's charitable purposes for the public benefit; and that the aims and objectives of the Compassionate Fund Trust Deed, as amended, are being met.
Dr S J Dean Honorary Treasurer
3rd November 2025
Page 3
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Accountants' report for the year ended 30 June 2025**
The financial statements on pages 5 to 8 have been prepared from the records and information supplied by the Trustees of The Manchester Local Medical Committee Compassionate Fund.
We have examined the financial statements on pages 5 to 8 and certify them to be in accordance with the accounting records of The Manchester Local Medical Committee Compassionate Fund.
Strathmore Accountants Limited 3rd Floor, Ivy Mill Crown Street Failsworth Manchester M35 9BG
3rd November 2025
Page 4
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Statement of financial activities for the year ended 30 June 2025**
|**Notes**
**Income**
Investment income
LMC Buying Groups income
Bank Interest
Disposal charibond investment
**Total income**
**Expenditure**
**Charitable Activities**
Grants received
2
Donations
3
**Governance Costs**
**Total expenditure**
**Net income for the year**
**Total funds brought forward**|**2025**
**2025**
**Unrestricted funds**
**5,106**
**564**
**999**
**21,348**
**28,017**
**-**
**-**
**-**
**-**
**28,017**
**92,804**
**120,821**|2024
2024
Unrestricted funds
4,524
147
928
-
5,599
-
-
-
-
5,599
87,205
92,804|2024
2024
Unrestricted funds
4,524
147
928
-
5,599
-
-
-
-
5,599
87,205
92,804|
|---|---|---|---|
||||5,599
-|
||||5,599|
||||87,205|
||||92,804|
Page 5
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Balance sheet for the year ended 30 June 2025**
|**Notes**
**Investments**
Bonds
4
Funds
4
**Current Assets**
Other Debtors
Cash at bank
Less
**Current Liabilities**
**Net Current assets**
**Total Assets less Current Liabilities**
**Funds of the Charity**
**Unrestricted funds**
Balance at 1 July 2024
Net income for the year
**Total Funds**|**2025**
**2025**
**£**
**£**
**Unrestricted funds**
**-**
**38,742**
**38,742**
**-**
**82,079**
**82,079**
**-**
**82,079**
**120,821**
**92,804**
**28,017**
**120,821**|2024
2024
£
£
Unrestricted funds
34,178
38,742
72,920
-
19,884
19,884
-
19,884
92,804
87,205
5,599
92,804|2024
2024
£
£
Unrestricted funds
34,178
38,742
72,920
-
19,884
19,884
-
19,884
92,804
87,205
5,599
92,804|
|---|---|---|---|
||||92,804|
||||87,205
5,599|
||||92,804|
We approve the financial statements and confirm that we have made available all relevant records and information for their preparation.
Dr S Minkoff ...................................................... Dr S J Dean ......................................................
3rd November 2025
Page 6
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
## **Notes to the financial statements for the year ended 30 June 2025**
1. **Accounting policies**
- a) These financial statements have been prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as cash is received or paid.
- b) The charity's unrestricted funds consist of funds which the charity may use on a discretionary basis according to its trust deed.
- c) Income from fixed interest investments, including the associated income tax recovery is recognised as income when the net interest is received.
- d) Investments are included in the financial statements at historical cost.
2 **Grants 2025** 2024 **£** £ None **-** - **-** - 3 **Donations 2025** 2024 None **-** - **-** -
Page 7
## **THE MANCHESTER LOCAL MEDICAL COMMITTEE COMPASSIONATE FUND**
**Notes to the financial statements for the year ended 30 June 2025**
|4
**Investments**
**Bonds**
Charibond Charities Narrower-Range
Common Investment Fund
###
51228.372 units
###
0.000 units
**Total Bonds**
**Funds**
M & G Charifund
###
2683.345 units
###
2683.345 units
**Total Funds**|**At cost**
**Additions**
**Disposals**
**At cost**
**1 July 2024**
**30 June 2025**
**£**
**£**
**£**
**£**
34,178
-
34,178
-|
|---|---|
||**34,178**
**-**
**34,178**
**-**|
||38,742
-
-
38,742|
||**38,742**
**-**
**-**
**38,742**|
The Charibond investment was disposed of during the year for £55,526, the only investment held at 30 June 2025 are the M & G Charifund units with a market value of £42,208 (£40,700 - 30 June 2024)
Page 8