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
U￿01ed 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 re￿iVed 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, Medic￿ert 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