Charfty number: 233705 and SC 044510 Company Registratlon No. 00814000 (England und Wales) THE MEDICALERT FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE MEDICALERT FOUNDATION REFERENCE AND ADMINISTRATIVE DETAtLS OF THE CHAIUTY ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Reference And Administrotive Details Of The Charity, Its Trustees And Advisors Trustees, Report Independent Auditors, Report On The Financial Statam8nts 15 statement Of Financial Activities 19 Balance Sheet 20 statement Of Cash Flows 22 Notes To The Financiol Statements 23
THE MEDICALERT FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Nick Burbidge David Churchill Maria Finn lan Fleming John Tennent Roma Grant Michael Bradfield Caroline Sheridan (completed term of offi'ce 07106120241 Charity registerod number Company number 233705 and SC044510 00814000 Prln¢lpal offl¢e Suite I, Liscombe South Liscombe Park Soulbury Leighton Buzzard LU7 OJL Indopandent ouditors MHA The Pinnacle 150 Midsummer Boulevard Milton Keynes Buckinghamshira MK9 ILZ
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and financial statements for the year end8d 31 December 2024. The financial statements have been prepared in accordonce with the accounting policies set out in note 2 to the financial statements and comply with the Chority's governin9 document, the Companies Act 2006 and"Accounting and Reporting by Charities.. Statement of Recommended Practice. applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). (effective from l January 2019) Objectives and activities The objectives of MedicAlert as stated in its Memorandum of Association, are.. ..the relief of sickness including (without prejudice to the generality of the foregoing) by communicating personal and medical information on behalf of its members to medical and emergency professionals and by providing a means whereby its Members may be identified as those to whom such information held by it relates for the benefit of the general public and to save and protect lives... Our vision Our mission Better lives tor people living with health concerns. To give people with health concerns peace of mind by providing personol medical information in on emergency. Guiding principles Place members at the heart of all we do Ensure relevance and viability for a sustainable seNice Ensure planned growth to meet the need Develop our charitable commitment to ensure availability to all Partner with organisations who share our values and grow our membership
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Celebrating 60 years of Life-saving Service 2024 morked the 60th anniversary of The MedicAlert Foundation (MedicAlert when we celebrated six decades of Ilfe-saving service in the UK and Republic of Ireland. Over six decades, MedicAlert has been a trusted provider of emergency identification for individua15 Wlth medical conditions and allergies, supporting more than 35,600 members. Our membership includes individuals with a wide range of medical conditions and needs. All have benefitted from the reassurance and protection provided by MedicAlert's life-saving service, whether managing long-term health challenges, taking medications or living with specific medicol requirements. Nurse checked 2417 Globalty recognl$ed Over 100 longuages 2417 emerg8ncy helpliTie Con Oe U01ed oi any lime Through personalised medical IDS and access to a 24 hour emergency halpline, our members experience greater peace of mind. The helpline enables emergency responders to access accurate, up-to-date medicol records in over 100 languages and dialects from anywhere in the world. All medical details are meticulously verified by registered nurses, providing an additional layer of accuracy and trust. As the only registered charity providing such a service on a not-for-profit basis, we ore committed to safeguarding lives and enabling confident, independent living. The Trustees have paid due regard to guidance issued by The Charitycommission in deciding what activities the Charity should undertake. For further information visit www.medicalerLorg.uk or call 01908 951045
THE MEDICALERT FOUNDATION TRUSTEESY REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Review ol activity Member Impact Our m8mbers consistently share how MedicAlert improves their lives by providing access to accurate, life-saving medical information when it matters most. This access helps them feel safer and more secure, should the worst happen. Knowing that emergency r8sponders can quickly access their medical details provides peace of mind, which, in turn, allows them to get on with their lives. Our members tell us that this sense of security allows them to increase their movement, engage in social activities, and participate in clubs or community events, fostering a greater sans8 of independence and improved physical and mental health. Our ¢ommitment to supporting members and dellverlng Ilfe-saving services was evldent throughout 2024: 22.750 support tickots were created. including phone queries, ensuring prompt and reliable assistanca for members. 552emergen¢ycalls handled, with 32 involving real, critical, life-thrgatening situations where swift action was crucial. Our customer satisfaction survey showed.. Positive Feedback Reflection strong satisfaction with our support 13.5/. Neutral Feedback Ollering opportunities lor continued growth oiid reiiilorcing our commilmeiit to delivering o high quality service experience.. 11.2% 75.3% Negative Feedback Providiiig valLJable insiglits that help us to continuously improve our service.
THE MEDICALERT FOUNDATION TRUSTEES? REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 These results und8rscore our dedication to being there for members when it matters most, continuing to build trust and provide life-saving s8Nices. We continued to provide exclusive benefits for our members, ensuring their well- being and comfort.. I. FRIO: 15/. discount on their innovative temperature-sensitive wollets. 2. JustTravelCover.com:12°A discount on the comprehensive policy for individuals with pre- existing medical conditions. 3. Creative Nature.. IO/ discount on their Top 14 free products. FRIO Jurtrrqvelcoveri..,,, Creative Allergen- Nature. Supporting vulnerable Communities In 2024, we expanded initiatives that prioritise vulnerable communities- Goodwill Progrumme: Over 112 individuals, including families and elderly members facing financial hardship, received subsidisad or free memberships, thanks to the generous support of donors. Providing access to accurate medical records through MedicAlert ensures that these individuals are properly supported in emergencies, promoting better health outcomes. Earlystart Programme (ESP).. More than100 children with medical conditions were provided with free MedicAlert memberships and IDS ensuring their safety in emergencies. Early Itah IlhErever ihey 911. uegll! Epilepsy Awareness Campaign: Our campaigns have raised awareness of tha importance of medical IDS and up to date medical records for those living with apilepsy.
THE MEDICALERT FOUNDATION TRUSTEES) REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The McLay Dementia Trust aHUS Roadshow.. Partnering with Newcastle upon Tyne Hospitals NHS Foundation Trust we delivered life-saving education and resources to patients with atypical Haemolytic Uraemic Syndrome (aHUS). M¢Lay Dementia Programmo.. Fully fund8d MedicAlert memberships were provided to 37 people living with dementia. These programmes highlight our ongoing commitment to protecting vulnerable individuals and empowering families with the tools they need to stay safe. The Herbert Protocol In 2024, MedicAlert UK, in partnership with Thames Valley Police, piloted a new safeguarding initiative focused on the Herbert Protocol, oimed at enhancing the safety of individuals living with dementia. The dedicated website, www.herbert rotocol.com provides valuable resources for individuals with dementia, their families, and carers. A key feature of the initiative is the ability for users to create a free profile, securely storing Herbert Protocol information in MedicAlert's dotabose. This allows emergency services to quickly access crucial details, improving response times and increasing the likelihood of safely locating missing individuals. We are proud to announce that this initiative is now officially endorsed by the National Police Chiefs, Council adding further credibility to our mission. HERBERT PROTOCOL Powered by MedicAlert In 2025 we will be exploring sustainable funding models to ensure that we can continue and grow this area of our support.
THE MEDICALERT FOUNDATJON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal review In recognising all costs within the year, the final outcome was o loss of £137,900 (2023.. loss £47,071) for the year. This is mainly due to the increased spending on Interim CEO, CMO and strategy development. Trading and voluntary income totalled £1,320,594 (2023.. £1,419,359),. this included legacies of £38,374 (2023: £68,205) received during the year. Rosorvas pollcy Tha Board of Trustees reviewed the reserves policy during the year. The Trustees agreed that the level of free r8seNgs should be at a level equivalent to the outstonding property lease commitments, plus 6 to 9 months of other operating costs less deferred membership income. Free reserves are defined as total reserves less restricted and designated funds. The designoted funds relate to the value of fixed assets used for charitable purposes and matched funding for the Early Start Programme and McLay Dementia Trust and are not freely available for use by the Chority. Total funds held decreased to £1,409,103 ot the end of 2024, from £1,547,003 in 2023. This included a balance of £14,149 in restricted funds (2023.. £15,686), £319,628 in designated funds (2023.. £78,030) and free reserves at the year-end were therefore £1,075,326 (2023.. £1,453,287), equivalent to the outstanding property lease costs plus12 months of other operating costs less deferred income. Trustees plan to use the excess free reserv8s over the short to medium term. Risk The Trustees identify and review the major risks to which the charity is exposed and have established appropriate policies, systems and procedures to mitigate known risks and to anticipate further risks that may arise. The Trustees believethat implementation of agreed actions and procedures will significantly reduce the probobility and the impact of these risks. The sustainability of both membership and product income remalns the key long- term risk to the viability of the charity.
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Safeguarding In line with our commitment to safety, the Trustees confirm that the People, Performance and Governance committee has reviewed our Safeguarding Policyon behalf of the Board. We are pleased to report that no safeguarding incidents were reported during 2024. Looking forward NAedicAlert is currently undergoing a period of transformation. While 2024 saw the launch of many exciting new initiotives, income from membership and product sales declined. Year-end membership numbers were just under 36,000. We continue to face declining income due to this on90ing decrease in membership numbers and rising operational costs. During the year trustees undertook a review to ensure that our charitable purpose is a clear and golden thread running through ouractivities and our interactions with members, actual and potential funders and the general public. This is reflected in a refreshed brand and tone of voice. Further work on effective engagement will continue in 2025. The Trustees remain committed to driving growth in overall membership as a Crucial component to increasing the charity's reach and impact. This guided the approach taken to the successful recruitment of a new CEO, who joined the chority in January 2025. Rob Burley brings extensive experience in the charity sector specialising in health and disability. Previously Director of Care, Campaigns and Support at Muscular Dystrophy UK, he led seNice growth and strengthened healthcare partnerships. His background includes roles at Breakthrough Breast Cancer and RNID. With a strong track record in service expansion and community engagement, Rob is dedicated to advancing MedicAlert's mission. We have many opportunities available to us and there is strong evidence that shows there is a clear nead and demand for our services. MedicAlert is now in a strong position to build on work undertaken in 2024 and move forward with purpose in 2025. To grow and take full advantage of these opportunities we must align our brand,
THE MEDia4LERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 core message and proposition, develop our systems and ensure that our members and the wider public- be they clinical or users of our products- are at the heart of everythin9 we do. Key objectives for the future include: Implementing the three-year buslness strategy developed during 2024 with a focus on translating the insights gained into impactful actions from 2025 onwards. Continue redefining our brand to clearly articulate MedicAlert's charitable purpose, emphasising our role in public health and our unique value to our members and implementing the first phase of a comprehensive marketing strategy focused on raising brand awareness and member acquisition. Reversing the decline in our membership and setting the foundation for future growth. Upgrading our digital platform, including integration of QR codes and mobile optimisation. strengthening partnerships with health professionals, the police, councils, charities and other organisations that align with our mission and broaden the charity's reach. Increasing awareness of accurate medical records, medical IDS and other MedicAlert@ seNices, highlighting their importanc8 for individuols with health concerns. Adapting and improving our service and products to better support our members and attract new ones, especially from vulnerable communities. Create new business opportunities and funding to support new and existing initiatives. In April and September 2025, the Trustees and senior management team members will attend strategy workshops to plan for the long-term future of th8 charity and review our mission ond objectives. 10
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 In line with our Environment Policy, we will continue efforts to reduce our impact on the environment by giving careful thought to selecting supplier5 ond consciously working to reduce waste. Recruitment to the Board will continue to prioritise equality, diversity and inclusion in addition to key skills, and support all Trustees in feeling valued, respected and welcome. The Trustees recognlse the importance of succession planning to maintain a strong, diverse and effective Board. As part of this ongoing activity, we plan to recruit four new trustees in 2025. Th8 Trustees and CEO will continua to exchange information and ideas during regular committee meetings, the output of which will be fed into the main Board meetings. structure, govemanee and management The MedicAlert Foundation is a registered charity in Englond ond Wales (233705), registered in Scotland (sc 044510) and a company limited by guarantee (00814000). It is governed by a Board of voluntary, non-executive directors (referred to as the Trustees or the Directors), operating under the Memorandum and Articles of Association. The Board comprises members whose diverse experience, skills and independent perspective provide an effective knowledge base to direct MedicAlert Foundation s activities. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of tho compony and guarantee to contribute £1 in the event of a winding up. The Board takes overall responsibility for the strategic diraction of the charity and delegates operational implementation of strategic decisions to the CEO. It meets regularly to lead, control and monitor The MedicAlert Foundations overall performance. The CEO and senior management supply the Board with information and assurance, attending Board and Committee meetings as appropriate. Each of the senior staff is responsible for appropriate levels of budget within the main budget, which is approved annually by the Board, monltored by the Finance 11
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 and Audit Committee and governed by the Delegated Authority and Sign-off policy. Any deviations from the plan or budget requires the approval of the CEO, and significant deviations or proposals are taken to the Finance and Audit Committee andlor Board for discussion and decision. The MedicAlert Foundation is an afflllate of The MedicAlert Foundation United states (MAFUS) based in California, USA. The MedicAlert Foundation operates in the UK and the Republic of Ireland under licence from MAFUS for the use of their trademarks and logos, at an agreed percentage fee of trading income generated using those trademarks and logos, within a set of International Standards of Operation. The Board comprises the key personnel of the Charity in charge of diracting and controlling the Foundation. All Directors give of their time freely and no Director received any remuneration in the year. Details of Directors expenses and any related party transactions are disclosed in the notes to the accounts. The Trustees, who are also the Directors for the purpose of company low, and who served during the year of the financial statements and up to the date of signing this Trusteos, report were.. lan Fleming Chair Trustee Maria Finn Vice-chair Trustee Michael Bradfield Trustee JohnTennent Trustee David Churchill Trustee Roma Grant Trustee Nlck Burbldge Trustee Caroline Sheridan (completed term of office 07/06124) 12
THE MEDICALERT FOUNDATION TRUSTEBS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustee recruitmenc induction and tralning Trustees ore recruited vio open advertisement on The MedicAlert Foundation's website, in public ond professional media and in The MedicAlert Foundation's newsletters using an inclusive skills-based approach. Applicants are then interviewed by a minimum of two current Trustees and if successful are then nominated for election by the whole Board. New trustees are supplied with a comprehenslve information pack and follow an induction plan. Trustees are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. statement of Trustees, Responsibility The Trustees, who are also the directors of The MedicAlert Foundation for the purpose of company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the MedicAlert Foundation and of the incoming rasources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the Trustees are required to= select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS102) make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards (FRS 102) 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 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 MedicAlert Foundation and enable them to ensure that the occounts comply with the Companies Act 2006. They are also responsible for safeguarding the ossets of the MedicAlert Foundation and hence for taking reasonable steps for the prgvention and detection of fraud and other irregularities. 13
THE MEDICALERT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Auditor MHA were reappointed as ouditors at the AGM on 25th June 2024. Public benefit The Trustees confirm that th8y have referred to the guidance in the Charities Commission's general guidance on public benefit when reviewing the charitys aims and objectives and when planning future activities. They confirm that they are satisfied that public benefit is at the haart of MedicAlert Foundation's activities and are satisfied that the charity meets the requirements and conforms with the Charities Act (2011) definition of a charitable company, being established for a recognised charitable purpose. The Trustees, report was approved by the Board of Trustees. g6 2ozf lan Fleming Chair of Trustees 14
THE MEDICALERT FOUNDATION INDEPENDENT AUDITORS, REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have audited the financial statements of The MedicAlert Foundation (the charity) for the year ended 31 December 2024 which comprise the statoment of financial activities, the Bolance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been opplied in their preparation is applicable law ond United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give o true and fair view of the state of the companys affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Proctice,. and have been prepared in accordance with the requirements of the Charities Act 2011 and the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 & 8 of tha Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Klngdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Coneluslon$ relating to going concern In auditing the finoncial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 15
THE MEDICALERT FOUNDATION INDEPENDENT AUDITORS, REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAK ENDED 31 DECEMBER 2024 Based on the work we have performed, we have not identified any m(rterial uncertainties relating to events or conditions that, individually or collectively, may cast Slgnificant doubt on the charitable company's ability to continue as a going concern for a period of ot least twelve months from when the financial statements are authorised for issue. Our responsibilities and th8 responsibilitias of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informotior) and, in doing so, consider whather the other information is materially inconsistent with the financial statements, or our know18dg8 obtain8d during the audiL or otherwise appears to be materially misstoted. If we identity such material inconsistencies or apparent material misstatements,we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstotementof this other information, we are required to report thotfact. We have nothing to report in this regard. Matters on which wo are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion- the information given in the Trustees, report is inconsistent in any moterial respect with the financial statements,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns,. or 16
THE MEDICALERT FOUNDATION INDEPENDENT AUDITORS, REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in th8 Trustees responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the TrLJStees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidote the charitable company or to cease operations, or have no realistic alternative but to do so. Auditors. responsibilities lor the audit of the financial statoments We have been appointed as auditor under section155 of the Charities Act 2011 ond section 44 (1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with those Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the flnancial statements as a whole are free from material misstatemen¢ whether due to fraud or error, and to issue an Auditors report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordonce with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can orise from fraud or error und are considered material if, individually or in the aggregate, they could reasonably ba expected to influence the economic decisions of users taken on the bosis of these finonciol statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The 17
THE MEDICALERT FOUNDATION INDEPENDENT AUDITORS, REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 extent to which our procedures are capable of detecting irregularities, including fraud is detoiled below: Audit work performed over key risk oreas such as management override and reviewing of accounting estimates for bias. Further review of financial statements disclosures to ensure accounting policias have been correctly followed. Enquiry of management and those charged with governance around any legal claim. 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.or .uk auditorsres onsibilities. This description forms part ot our Auditors, report. Use of our report This report is made solely to the charitable companys trustees, as a body, in occordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation10 ofthe Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable companys trustees those matters we are required to state to th8m in an Auditors rgport and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company ond its members, as a body, for our audit work, for this report, or for the opinions we have formed. MHA Chartered Accountants statutory Auditors Milton Keynes Date.. li MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542) MHA are eligible to act as auditors in terms of section 1212 of the Compani@s Act 2006. 18
THE MEDICALERT FOUNDATION STATEMENT OF FINANCIAL ACTMTJES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations, legacies and Erants 106.068 2.000 108,068 167,206 Other trading activities 1,154,695 1.154.695 1,204,004 Investments 57,831 57.831 48,149 Total Income 1,318,594 2,000 1.320,594 1,419,359 Expenditure on". Charitable attivities {1.454,9571 13,5371 11.458.494) 11,466,430) Total expenditure 11,454.9571 13,5371 11,458.4941 11.466,4301 Net movement in funds 1136,3631 11,537) 1137.900) 147.0711 Reconciliation of funds: Total funds brou8ht forward 1.531.317 15.686 1,547,003 1,594,074 Net movement in funds 1136.3631 {l.S371 1137,91JOI 147,0711 Total funds carried forward 1.394.954 14,149 1.409,103 1,547,003 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 23 to 45 form part of these financial statements. 19
THE MEDICALERT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Intangible assets li 21,803 22,512 Tangible assets 12 32,754 40,503 Investments 13 loo loo 54.657 63,115 Current assets Stocks 14 36.654 39,556 Debtors 15 53,928 68,626 Cash at bank and in hand 16 1.549.330 1,705,923 1.639.912 1,814,105 Creditors.- amounts falling due within one year 17 1285.4661 1330,2171 Net current assets 1,354,446 1,483,888 Total net assets 1,409,103 1,547,003 Charity funds Restricted funds 18 14.149 15.686 Unrestricted funds 20 1.394.954 1,531,317 Total funds 1.409,103 1,547,003 20
THE MEDICALERT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by-. lan Fleming Chair of Trustees Date.. Zé/é12 olS- Company Registration No. 008140CKJ The notes on pages 23 to 45 form part of these financial statements. 21
THE MEDICALERT FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash Ilows from operating activities Net cash used in operating activities 1179.553} 117,2571 Cash flow5 from investing actlvltles Purchase of tangible fixed assets 115,3401 13,1861 Purchase of intangible fixed assets 121,633) 111,7201 Proceeds from disposal of fixed assets 2.102 610 Interest received 57.831 48,149 Net cash used in In Snvestlng actlvities 22,960 33,853 Change in cash and cash equivalents in the year 1156.5931 16.596 Cash and cash equivalents at the beginning of the year 1,705.923 1,689,327 Cash equivalents at the end of the year 1,549,330 1.705.923 The notes on pages 23 to 45 form part of these financial statements 22
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information The MedicAlert Foundation is a private company Ilmited by guarantee incorporated in England and Wales. The registered office is Suite I, Liscombe South, Liscombe Park, Soulbury, Leighton Buzzard, LU7 OJL. 2. Accounting policies 2.1 Basls of preparation of financial statements The financial statements have been prepared in accordance with the Charitie5 SORP IFRS 1021 - Accounting and Reporting by Charitie5'. 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 IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The MedicAlert Foundation 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. The financial statements are prepared in British Pound Sterling 1£), which is the functional and presentational currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to inclLTrde the revaluation of freehold properties and to include investment properties and certaln financial instruments at fair value. The principal accounting policies adopted are set out below. 2.2 Going Concem At the time of approving the financial statements, the Trustees have a reasonable expettation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Charitable Funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objectives unle55 the funds have been designated for other purpose5. 23
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (coTrrfENUED) 2. Accounting pollcies Icontinuedl 2.3 Charitable funds Icontinuedl Aestrirted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 2.4 Incorne Income from donations Income from donations include5 money from members and third parties. It is recognised when it is received and is added to restricted funds or unrestricted funds as appropriate. Gift Aid is claimed thereon where a valid Gift Aid declaration is held and is accounted for on a reteivable basis. Income from legacies Legacies are recognised when entitlement to the income exists, it is probable that the legacy will be received, and the amount can be estimated with sufficient accuracy. Receipt Is determined as probable where probate has been Eranted, and the executor5 of the estate have established that there are sufficient assets in the estate, after settling any liabilitie5, to pay the legacy, and any onditions attached to the legacy are within MedicAlert's control or have been met. Income from sales within charitable activities Income from sales within charitable activities includes annual subscriptions from members and sales of jewellery to members. Income from member subscription5 15 treated as having separatelv identifiable components for membership renewal and servicing of the annual membership. Income is recogni5ed immediately in the Statement of Financial Activitie5 to the extent that it relates to membership renewal, with the balance recognised over the membership year to reflect servicing of the membership. Sales of jewellery are recogni5ed once payment has been reiVed and the products have been dispatched. Investment income Investment income includes interest on bank deposits and is recognised in the period in which it is earned. Other income Other income includes the sale of scrap jewellery components. It is recognised once it becomes probable that the income will be received, and it can be measured wlth reasonable accuracy. 24
THE MBDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 2. Accounting pollcles Icontinuedl 2.5 Resources expended Expended resources are recognised in the period in which they are incurred. 2.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 15 classified by artivity. The costs of each activity are made up of the total of direct C05t5 and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one artivity and support costs which are not attributable to 3 single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basls of time spent, and depreciation charges allocated on the portion of the asseys use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. The company operates a defined contribution pension plan. Pension costs foreligible employees are charged to expenditure as they are incurred. 2.7 Interest recelvable Interest on funds held on deposit is Included when reteivable and the amount can be measured relia¥ly by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.8 Intangible fixed a55ets and amortisation Intangible fixed assets are amortised over a period of 5 years from date of commissionin& unless an earlier decommissioning or replacement date 15 planned. 2.9 Tanglble ftxed a5setS Tangible fixed assets are initially measured at cost and subsequently measured at cosl or valuation, net of depreclatlon and any impairment losses. 25
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YL4R ENDED 31 DECEMBER 2024 (CONTINUED) 2. Accounting policies Icontinuedl 2.9 Tangible fixed a55ets Icontinuedl The cost or valuation or assets, less any residual value, is depreciated on the following basis.. Short-term leasehold Property Straight line over the lower of 60 years, lease time or time until anticipated replacement date. Property Improvement Straight line over the remaining term of the lease Plant and machinery 12.5% to 2IM of cost less residual value Computer equipment 20% of cost le55 residual value Other fixed assets 25Yo of cost less residual value The gain or1055 arising on the disposal of an asset is determined as the difference between any sale proceeds and the carrying value of the asset and is recognised in the year of disposal. 2.10 Investments Investments in subsldlaries are valued at cost less provision for impairment. 2.11 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.12 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 26
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 2. AccountinE policie5 Icontinuedl 2.13 Cash at bank and in hand Cash at bank and in hand includes cash and investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account, and flxed tem depostts of up to two years with financial institutions. See note 16 for further details. 2.14 Liabilities and provlslons Liabilitie5 are recognised when there 15 an obligation at the balance sheet date as a result of a past event, it 15 probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised ar the amount that the Charity anticipates it w511 pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provlsions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwlndlng of the discount is recognised in the Statement of financial activities as a finance cost. 2.15 Flnanclal Instruments The Charity only has financial a55ets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.16 Fund accounting General fund5 are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprlse unrestritted funds that have been set aside by the Trustee5 for particular purposes. The aim and use of each designated fund is set out in the notes to the financi31 statements. 27
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 2. Accounting pollcies Icontinuedl Restritted funds are funds whlch are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restritted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Critical accounting estimates and judgements In the application of the Charrty's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of a55ets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historital experience and other fartors that are considered relevant. Actual results mav differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 4. Income from donations. legacies and grants Unrestrlcted funds 2024 Restricted funds 2024 Total fund5 2024 Donations 67.694 69,694 Legacies 38,374 38,374 106.068 2,000 108,068 28
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 4. Income from donatlons, lego¢ie5 and grants Icontinuedl Unrestricted funds Restricted funds 2023 Total funds 2023 2023 Donations 75,151 23,850 99.QJl Legacies 68,205 68,205 143.356 23.850 167,206 5. Income from Charitable Activities Unrestrlcted funds 2024 Total Unrestricted funds funds Total funds 2023 2024 2023 Sales within tharitable activities 1,154,695 1,154,695 1,204,004 1,204.004 Investment Income Unre5trirted funds Total Unrestricted funds funds 2024 2023 Total funds 2023 2024 Interest receivable 57.831 57.831 48.149 48,149 Other income 57.831 57.831 48,149 48,149 29
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 7. Analysis of expenditure on charitable artivitie5 Summary by fijnd type Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Charitable activitie5 1.444.993 3.537 1.448,530 Governance costs 9.964 9,964 1.454.957 3,537 1,458,494 Summary by fund type- prior year Unrestricted funds Restricted funds Total funds 2023 2023 2023 Charitable activities 1.448.246 8.984 1,457,230 Governance costs 9.200 9,200 1,457,446 8.984 1,466,430 30
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 8. Analysls of expendlture by artivities Activities undertaken directly Total funds 2024 Support costs Charitable activities 674,848 773,682 1,448,530 Governance costs 9,964 9.964 674.848 783,646 1.458,494 Activities ndertaken directly Total funds 2023 Support costs Prior year Charitable activities 732.145 725.085 1.457,230 Governance costs 9,200 9,200 732,145 734,285 1,466,430 Unrestricted funds Tolal funds Unrestricted funds Total funds 2023 2024 2024 2023 Staff costs 177,257 177,257 153,415 153,415 Depreciation and impairment 22,341 22,341 76,296 76.296 Activities undertaken directly 475,250 475,250 502,434 502,434 674.848 674.848 732.145 732,145 31
THE MEDICALERT FOUNDATJON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Analysis of sUPPOrt costs Governance Support Costs costs Total funds 2024 2024 2024 Travel and subsistence 7.896 7,896 Legal and professional 331 9,964 10,295 Administration and office costs 16,360 16.360 Indlred employment 374,878 374.878 Communications 332.889 332,889 Premises costs 41328 41.328 Depreciation 773,682 783,646 Analysis of support C05ts- prior year Governance Support COSt5 costs Total fund5 2023 2023 2023 Travel and subsistence 8,426 8,426 Legal and professlonal 9,950 9,200 19,150 Administration and office costs 60,042 60,042 Indirect employment 258,327 258,327 Communications 350,106 350.106 Premises Costs 38.234 38,234 Depreciation 725,085 9,200 734,285 32
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 9. Staff Costs 2024 2023 Wages and salaries- charltable activities 177,257 153,415 Wages and salaries- support costs 409,418 436,211 586,675 589.626 The average number of persons employed by the Charity during the year was as follow5.. 2024 2023 No. No. Average number ofemployees 13 14 2024 2023 Wages and salaries 539.108 538.291 Social security costs 32.255 34,424 Other pension costs 15,312 16,911 586.675 589,626 The number of employees whose employee benefits (excluding employer pension costsl exceeded £60,000 was.. 2024 2023 No. In the band £60,001-£70,000 In the band £70,001- £80,0 33
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THR YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 9. Staff Costs Icontinuedl Remuneration of key management personnel. 2024 2023 Aggregate compensation for key management personnel ioi.o 129.893 Key management personnel comprise the Trustee's and Senior Management Team of the charity. 10. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefit512023'. £nill During the year ended 31 December 2024, expenses totalling £765 were reimbursed directly to 4 trustees for travel12023: £1301 11. Intanglble Fixed Asset5 Website and MAISIE database Cost At l January 2024 289.263 Addition5 21,633 At 31 December 2024 310,896 Depreciation At l January 2024 266.752 Amortisatlon 22,341 At 31 December 2024 289.093 Net book value At 31 December 2024 21,803 At 31 December 2023 22.511 34
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (coTrrriNUED) 12. Tangible Fixed Assets Plant and Other fixed machlnery Property Improvements assets Totsl C05t At l January 2024 109,614 98,874 208.488 Charge for year 5,955 9,385 15,340 Disposals 113,2101 18,0191 121,2291 At 31 December 2024 96.404 96,810 9,385 202,599 Plant and Other fixed Propetty machinery asset5 Improvements Total Depreciation At l January 2024 85,732 82,253 167,985 Charge for year 9,939 8,895 139 18,973 Appropriated on disposal 19,1671 17,9461 117,1131 At 31 December 2024 86,504 83.202 139 169.845 Net book value At 31 December 2024 9,900 13,608 9.246 32,754 At 31 December 2023 23,882 16,621 410,503 35
THE MEDICALERT FOUNDATION NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 13. Fixed Asset Investments Investments in subsidiary companies At l January 2024 and 31 December2024 loo Net book value At l January 2024 and 31 December 2024 loo Principal subsidiarles The following was a principal subsidiary of the Chartty: Registered office or principal place of busine$5 United Kingdom Class Ot Principal activlty shares Non-trading ordinary company Included in Holding con501idation loo% No Name MedicAlert Trading Limited 14. Stocks 2024 2023 Components and samples 36,654 39,556 36
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 15. Debtors 2024 2023 Due within one year Trade Debtors 52 106 Other debtors 26,970 31.320 Prepayment5 and accrued Income 26,906 37,2(XJ 53,928 68,626 16. Cash at bank and in hand 2024 2023 Financial assets measured at fair value through income and expenditure 1,549,330 1,705J23 Financial assets measured at fair value through income and expenditure comprises tash held at bank and in hand. Financial instruments include fixed term deposlts crystallizing within one year of £1,085,319 12023.. £1,100.0001 and fixed term deposits crystallizing between one and three year5 of £200,072 12023: £381.1341 37
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 17. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security 66.295 34.681 11,875 Other creditors Accruals and deferred income 5.009 3,840 236.328 248,207 285.466 330,217 18. Restricted funds Restricted funds comprises the followlng unexpended balances of donations and grants held on trust for specific purposes- Atl At31 January 2024 Transfers In/out December Income Expendlture 2024 Early start programme 458 2.000 12,4581 McLay Dementia TrLtst 14,796 11,0331 13,763 John Shaw foundation programme 432 1461 386 15,686 2,000 13,5371 14,149 38
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 18. Restricted funds Icontinuedl Early Start Programme Fund Generous 5UPPOrt from Lion5 Clubs International in 8ritish1sles is focused on our Early Start Programme, which sponsors the membership of children up to the age 10. The Charity provides guaranteed free membership to those within thls programme. When applicants from the waiting list are enrolled the guarantee of free membership is recognised by providing the full obligation of membership up to the member's 10th birthday. The Charity designated match funding for donation5 received from Lions for the Early Start Programme in 2023, and the costs of the programme this year have been charged to the restricted and designated funds accordingly. To ensure the continued operation of this programme throughout the year, Medicert allocated £10,000 additional fund to support it, this was allocated to designated funds. John Shaw Progiamme Fund MedicAlert have partnered with the John Shaw Foundation to sponsor people living with epilepsy. Successful applicants receive one yearfs free membership and a credit against the cost of an ID. McLay Dementia Trust MedicAlert have partnered with McLay Dementia Trust and matched the grant. Individuals applying with Dementia will have the cost of their 1st year free membership and £30 towards a Medical ID. 39
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 19. Designated Fund5 The income funds of the Charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for Specific purposes.. Atl At31 December 2024 January Resources Transfers 2024 expended Fixed assets 63.014 18,4571 54,557 McLay Dementia Trust 14,796 11,0331 13,763 Membership SeNices 250,000 250,1)00 Early Start Programme 220 19,9121 11,000 1,308 78,030 110,9451 252,543 319,628 Fixed assets The Trustees have designated funds equal to the value of fixed assets used for charitable purposes. This recognises that these funds are not freely available for use in meeting the liBbilities of the Charity or achieving its charitable objectives Early Start Programme For explanation of designated funding for this programme see note 18 Membership Services The tru5tee5 have designated £250,000 to upgrade the member services database. improving efficiency and user experience. This fund is internally allocated and will be reviewed annuallv. 40
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 20. Statement of fvnd5 ststement ot funds - current year Atl At31 January 2024 Transfers inlout December Income Expenditure 2024 Unrestrlcted funds Deslgnated funds Fixed assets 63.014 18,4571 54,557 McLay Dementia Trust 14.796 11,0331 13,763 Membership SeNices 250,000 250,000 Earlystart programme 220 19,9121 11,000 1,308 78,030 110,9451 252,543 319,628 General funds General funds- all funds 1,453,287 1,318,594 11,444,012) 1252,5431 1.075,326 Total unrestricted funds 1,531,317 1,318,594 11,454,957) 1,394,954 Restrlrted funds John Shaw Foundatio 432 1461 386 McLay Dementia Trust 14,796 11,0331 13,763 Early Start Programme 458 2.000 12.4581 15.686 2,000 13.5371 14,149 Total funds 1,547,003 1.320,594 1,458,494) 1,409,103 41
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 20. Statement of fund5 Icontinuedl Statement of funds- prior year Ati At31 January 2023 Transfers inlout December Income Expenditure 2023 Unrestricted funds Designated funds Fixed assets 148,535 185,5211 63,014 McLay Dementia Trust 12041 15,000 14,796 Early start programme 149 71 220 148,684 12041 170.4501 78,030 General funds General fund5- all funds 1,444,570 1,395,509 11,457,242) 70,450 1.453.287 Total unrestricted funds 1,593,254 1,395,509 11,457,4461 1.531,317 John Shaw Foundation 504 1721 432 McLay Dementia Trust Is.000 12041 14,796 Early Start Programme 316 8.850 18.7081 458 820 23,850 18,9841 15.686 Total funds 1,594,074 1,419,359 11,466,430) 1.547.003 42
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 21. Summary offunds Summary of funds- current year Atl At31 January 2024 Transfers in/out December Income Expenditure 2024 Designated funds 78,030 110,9451 252,543 319.628 General funds 1,453,287 1,318,594 11.444.012) 1252.5431 1,075.326 Restricted funds 15,686 2,000 13,5371 14,149 1,547,003 1,320,594 11,458,494) 1,409,103 Summary of funds - prlor year Atl At31 January 2023 Expenditur Transfers in/out December Income 2023 Designated funds 148.684 12041 170,4501 78,030 General funds 1,444,570 1,395,509 11,457,242) 70,450 1,453,287 Restricted funds 820 23,850 18,9841 15,686 1.594.074 1,419,359 11.466.430) 1,547,003 43
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 22. Reconciliation of movement in funds to net cash flow from operating activities 2024 2023 Net income for the period (per Statement of Financial Activities) 1137,91JO) 147,0711 Adjustrnents for: Depreciation charges 41.314 99,816 Gain/Loss on disposal of fixed assets 2.015 Dividends, interest and rents from investments 157.831) 148.1491 Decrease in stocks 2.902 195 Ilncreasel / decrease in debtors 14,698 138.9891 IDecreasel/ increase in creditors 144.7511 16,941 1179.553) 117,2571 23. Analysls of changes in net debt Ati At31 January 2024 cash flows December 2024 Cash at bank and in hand 1,705.923 1156.5931 1.549,330 44
THE MEDICALERT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) 24. Operating lease commitments At 31 December 2024 the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. 2024 2023 Within one year 50,000 70,700 Between two and five years 223,500 282.800 In over five years 4,667 79,416 278,167 432,916 45