The ChArity Re8i8tration Nunther is:. 247161 Merseyside Medical Benevolent Fund Report and Accounts 31 December 2024
Merseyslde Medieal Benev•len¢ Fund Report and Aceounts for the year eDded 31 Deeember 2024 Contents Page ChArlty lTrformatlon Trustees, AhttLl Rtptyrt SttemeDt of Trwtee's re4ponslbllltle$ Indendent ExamIne5 Report ds $1471emrnts.'. St4t¢wnt ofFin8ncial Aeiiviiies Sta*meni ofFinan¢ial Acliviiies- PriorYcarsial¢m¢nt Stat¢m¢nt of lotsl T¢¢Wi5 Bains and loss¢s Movements tn fjjnds 10 B•l•n¢e sheel N•t¢s to th¢ attollknts 12
Mer8eyslde Medleal Benevolent F#ttd Trustees, Report for the ye*r ended 31 D¢¢¢mb¢r 2024 TheTLWtees PTestst the ReportkndA¢c0uttts forth¢tdl 31 Ikcembtr2014 RefEren¢e and AdmiDi5trative detAil Trk¥a] namc of th¢¢hprity i&. Mu8osid¢Medi¢al Bm¢volAt Fun ThecbaTity is aL50 kDown by its oper¥in8 name. Mustysi(k Medical Benovol4DL FUD Tr¢hity is r¢1p$t•r in Engiattd & w¢5 with th¢awityc(xwsl0n in Enuland& Waics ICCEW) wtth¢JJarity tMLmber247161. oFrnrc in ADyov¢¥s¢•¥ jurisdi¢lioD5. Thecharity is CLUIiDJied asa¢hBrity¢siBblis1wJunderaCJ)arityCWlss1On s¢hemk The ¥ov¢ming dorutrlent of theclwity 15 the TnK%tDeed ¢slablishÉD8thBcharity. Th¢r¢aT¢ M fu¢Ei¢lions in ¢h¢ ¥ovemingdocum¢nts thc (4xr4tionof th¢Ch•rity or¢)n its invcstsKDt powersothtrthatt tbose ltW¢d byCharityLaw. The trust¢u 8T¢] individuaL4.
Merseyslde Medical Benevolent Fund Trustees, Annual Report for the year ended 31 Det¢mber 2024 The pr1ndl operllD8 addm4 telephn¢ llymber. emAII Y4ob addreuejof the eharlty t:. 6 South Road Grassale P4rk Liverpool L19 OLT T¢PoIS1558 0720 Erniil AddRss &iohnma¢kearf4gmail.t¢)m W¢b •ddTe5s www.rnmbf.org.wk The Trnsttts In oinet on tbe dltethe rtport ppr•Yed vier¢:. DrJohTh MllkiTrtoth Muck Drstephanic fjall DrRidwrd Mi¢h2¢1 Azurdia DrJohnGordon Williams Drchris Evllns Ali50n M8TW CoheD Tht tollowth8 petrwAsHerwed Tte$ durlDgthe yetrended31 De¢ember 2024:. The truslecs wkn SEThed a trwlee ID the reportitigFriod w¢r¢as sbown above. All the trUe¢s9re9ls0 membus of the charity. ObJ¢ets and a¢lfvltle$ the ¢birlty ThepurposLf olthethorfty4YSSrtoiln ltsgovernwR¥ documeNi. ThB obicrtof thc chllrity isthc pnwi5ion ofben¢voleni yants ¢0 membEf5 ofihe mcdical prof¢$5ion jnd their (kpcndan15 withinth¢ M¢rs¢y5id¢ ar¢a. Tre¢hrltysstr#t¢%l¢sfvr4¢hlorffv8 Its 4lms dlld objeeiives In The objetiive remaitisun¢hah8ed (trTthe hiure. The in*nlion is for nIlnUed itkVLSttwJt nWDaEuneDt and di8tribulionof ihcame lo membersof themedical Profession and theirdependantswilhin ihe Merswide
Mer8eyslde Medlcal Benevolent Fuod Trw$tees' ADnllal Report for tbe year ended 31 Defember 2024 INv¢sthJth¢pérftyrno#et tljt lAvéMt$ obJKrfv Th¢¢haTity had of £7.756 ¢)n th¢ir)nvestht tlllhd8. Strn¢fyre? g•verDanre and oftht ¢harfty Battkers TSB. Lord Stre, Liv¢001, L2 6PG FInAncl revlew The ch•rity'sfiKantialposiiioK 4tthe eMdofiheye4r¢Md¢dS1 D¢¢¢wb¢r2Q24 Th¢fllLAt1pos1tiQti of the ¢lL8rityat 31 De¢wxber2024 wmparniv¢s forth¢ prior puio(L as fiLllydetsiiod in theaccounts. can be surn$¢d as follow$.'- 2024 202J Netlueome 24.316 4297 UnrtstiGt¢dlithLve Funds •vailtbie fortht 8enctaJ PUEPDSW of thE¢lrIty Desryed Revenue Funds T•fvluRrestrI¢Pthna$ 324.971 3(KJffjS5 68,987 393,958 68.987 369h42 T•tal 393.958 369,642 revl¢w ¢fth¢po$lrfoM dfth¢rÉporting dai4 31 D¢remb¢r 2024. Thet(wal inc18 resowrcs for Iheye4r w¢te £28.943. T(Nal T¢sow%pendCd was E12J82 on investhwits £7.756 T¢SU]iing in ll¢E IoMIngUrt¢S of£24,316 wkn'ch added wr¢s¢rv¢5 brou8bi forwotd 8ivD)g ¢othl of £393.958 ¢[1 forw Detslls of The Independent Ex8mlner T Prit¢htrd Memt¢roflCAEW 255 Pouhon Road Wall•8ey Wirrnl CH44 4BT
MerBeyslde Medkal Benevoltnt Fllnd Trustees, Annual Report for the year ended 31 Deeember 2024 Stltellhtnt of TrMste¢$' Resptyttsibllltles The chHrity's tru5tCeS STe rcsrA)nsli )Ic for the preparation orth¢ a¢¢ounts in acrordancemth th¢ ot lh¢ Charities Act 2011 and the Charities (Accounts and Rewisl Rylalion5 2008. Notwithsi8ndingthe expli¢ii rtwirwneni in theextsnl 51atuloryteBulalion$.theCharities (Accounts And Reports) R¢gulatioM 2008. to prq)rc the fLnEncial Etatcmcnts in Kcorthncewiih Ihe SORP 2Q05. is) wew of the fact I1t Iht SORP 2tK)5 h¥ been withdrawn. the Trustees delerniined lo iniwret this responsibility4s requirinB them w follow ¢urr¢ni best prn¢lt¢¢ 8J)d prepare the•¢¢ts¥0rdIn8 10 the FtIS 102 SORP (&amtlli of RwDTnrnctthd PN¢ticc for A¢¢owiing4nd RewtlngbyChariii1 2015. I anwnd¢d bythe Bullrtift 15sd iD (klo 2018 and Hpplk8bt¢to all a18p¢0ds btBithnin8 on or aft¢r Isi J4nuary20191. (Th¢ SORPI,. In prticular. chHrity law Tequires the Trustce5. if Ilypry?r¢4¢Munts on an icctullls basi4 topretAte firwl11 for financial w 1(h1Ve a trand fairviewof lh¢ wte of •ff¥irs of the charity 8$ ai Ihe end of thc fu¢181 )urondof th¢ Surp1 ordeficil ofthc¢hariry. In pr8th0se financial sthiethentstheTttees are wIred to:_ - ioprepgr¢ th a¢¢ouDLS in a¢¢oTd•n¢e with United Kingdom Genernlly A¢¢epi•J Act¢witing PA¢i¥ce (United Kingdom A¢¢owiling Standord5 and4wli¢abk Iwl. - se1 suitable kKli¢ies and applythunconsistently. - make judgennts tstimi1¢5 Ihal artSOmbI¢ and pnjdeni: - prqmre the finDncial statements ¢)n thE going concern basis unless il is inappts)pri?le lopreslltDethal thtcharitywill coThtinue in busines stsl¢ WhethApPblC OUnting$fandarth st4wnlS of retQMndèj pra¢iice havEbEEn followvl. Subjed logny mHleri•l dogrbJre5 disclosed and cxplHined in the finan¢i•l sl?t¢ThKnts: Th¢tsw requires Ibai the trustttg musi noi opprov¢ lh¢ accowiL% unl44s they are saiisfied th&t tbeyBive a true st fairview oftht state of affairs of the ¢harity al of th¢ suTrlw or def11 of Iheclwily forthe ye•T. The are aL%o reStAlbIt fornxiintaining DdcquHl¢ a¢tounting records wJri¢h disclose with TtasonAbl¢ a¢cwacyaiarLyttmethe fJnAn¢ial posiiion ofthe ¢haritya which ar¢suffLflt41t los1 explain the ¢haTitys tr•nsa¢iions and able ihem ¢D$Ur¢thI1 the finla1 Sugiemetsts comply with regulations made nder the Charities Act 2011. They aTealsor¢wb1e forsafe8uDrdin8 Ihe L5wsof th¢ charityand htnce for lakingTeasonable st4 for the P¥¢110 aThJ dete¢lion of fraud and other Tegularities. The TnL%Itts4Te ll150 responsible for th¢ conEcnts ofiheTrnste repLWt. and ih¢5taiuiory worribilityof th¢ Ind¢p¢nd¢nl Examiner in T¢taiion io Ihe Tnlee$. rqth ts limited Io¢x8mining the teport and enwTin8 that, on the face oftherepth. thwe Bre nomotsri•1 iD¢onsiste4Kies wilh the figllreldisclos in th¢ slaiements. Thi*FEP)rtwa¥apprpvedbylFKbo4rdofiru51¢¢5 0 )4 M¥W 2025. DtOrI Ma¢ke4n Trtt
Merseyddt Medi1 B¢nevolent Fund RepDrt of the I1ePendent Exfimlller to the Truttees of the ehrtrlty the a¢¢ouDt$ for th¢ year ended 31 l)ecembeY 2024 I report iotheTnsices on my exaMItiOn orth¢ finwKiwl ¥tatemis oftbo ¢hlty pa$ 7 10 19 forth¢ y¢ar ¢nd¢d 31 De¢ember2024 which have been preparJ tn a¢tor&n¢e with theCh8riiies Ad 2011 i¢he Act) at¥J with the Financi11 Reporting Stand3Td 102. leff&tiv¢ IJanUary 20161 adapied m¢ct ¢he neeth of un1ncortw1 ¢Kganisplions. as nwmlifted byFRS 102 SORP(Swemeni of Reded Pr&tscc forAccourttiti8And RepLll by Charilir51201S. las mettdtyJ bythe Bu]leti is$wd in Octob¢r2018 aNI ippli¢abl¢ lo all xwuntingp¢riods beginnin8 on oraft¢r ISE January 2019A (Th¢ SORP). published by th¢ ChArityCommission in Ertglnd& Wdes (CCEW), and und¥ the his11 w$1¢venI10Th and th¢A¢couniing wli¢ies setoul i>n pi8e 12. Rup¢ftlv¢ r¢sPQDslblll¢lu orth¢ Trus¢tts aAd ¢h¢ IMdyDdEnt Evdmlntr aDd Ihe bwts report As dtt¢rib C¥LpABc4. YO thIN6 fntyiees. are Tcsponsibk fw Ib¢pry¢IQrtOrK fthan¢iaJ stsietM)ts in &¢¢ordanc¢ with the Chwiiiu A¢1 2011 and 911 otherappli¢able w0nd with Unitsd KingdomG¢nerally Ac¢eN¢d A¢nting Prnclit oppli¢abl¢to $mall¢r¢niit¢¢s. and foTb¢ing $4ti$fi¢d tho1 the filntil $ki¢mentsFJv¢ a ttu¢ #nd fIv1¢W. TheTru5ttts con5iderth&l the audir requircmLThE of SecliL 14411) ofthechorities Act 2011 {thc A¢t)does noi apply. thai there is no rEqune¢ ID theGovernift& Do¢unw for Ih¢ ¢onductiD8of audit. As • ¢onsequ¢n¢¢. th¢Tnwces hav¢ ¢Jxi¢d that finati¢ial s¢atcmEnts br subjc(t lo indepcnthnl examination. Having Satisfied myself thai the fmEncid starements are tLOt t¢quit¢dto bt audited UDder4hy le8al pmisioty orthwise.and igible forindep¢Dd¢nt examination. li is myT¢sponwbilityto'.- al CXEminEthe fuJEnrial Statements of theclwity u1¢[ Sectioti 145 OrttAl bl foliowthe •ppJit•ble wo¢edures Dire¢tith$ 8iv¢n by the CharityCon1ss1on section 14515Xbl of th¢A¢l. Bzsls of IDdtpeDdtot ExxmIneS Statement and scope of w•rk undtrtske I r¢wt in ofMyexnja1l0ttQfthC ¢bari1$ fw8n¢ial stht¢m¢ws ¢1¢0 tx under $145 of theAct. IncwiD8aulmy ¢KAmiDation. I hllvc followcd 911 thcllppltrable Dircrlii)n5 8iv¢ll bythe Charity CottUlliSSiQll U[1dertIoti 14515Xb)of th¢ A¢1 sdting tyji th¢duiies of an indep¢ndeDI examinerin r¢Jaiion E0th¢¢ond1Ing of an ind¢wnthnt ¢xwninatiorL AD exainiDation cludeS a reviewof the accouniiThg rrdS kq>i by Ihe charity and of the llCCOUttling $)sietns emploYJ by the chaTity&nd a comptirison ofihe fimancial ststemertts pre8eM¢d wilh those records. Ii also includes ¢sideil0 ofany unu5wJ It¢ or dis¢105ur¢5 in th¢ fHn¢1 swI¢n, And s¢¢kiTr8cxplaDatiO from YO &$ Trusitts. CODcerniDBSucb tDOlleTS. The purpose of theexttthimiioth is 10 establish as yos$ible Ih•i th¢r¢have been nobrea¢h¢s ofthariry1¢8islaiÉon and thai. o 1¢5¢basi$ of ¢iryduK¢ r¢l¢vant to ih¢ QUS and di%¢losure5 ttth. the ftnancial sthtemenls complywith the SOPTr. Th¢ ptomJurr5utsdcrfkn do provid¢ all th¢eVrn¢t thai wouldb¢T¢quwed authL and infonmion suppli¢dbyth¢ Tn[s in the courAeof the exarDinaiion is noi subjectrd toaudit lests oret4uirics and doc5 ¢overill Ihe th91 an avdiior wOd£1der in arriving at an opinion. Th¢plannin8 and ¢ondu¢t of •n audit80ts IKyond tb¢ limid assutsnte that Con8equenTly. Idonotexpress In auditopinion on the vi¢w 8iv¢n byth¢ finanual $14meNs.4nd in p•niwi•r. l ¢xprtss no opinion a5 towhetheTthE finBncilll 5t4lanents give a knje and hirview of the affairs of the ¢harity, 4nd myrepon is limittd rotht m•uers sffj (yrt in th¢ sts¢¢nl bdow. I planned andro[lI my¢x47IIion so as iosa1isfyrnlf rhat the &>j¢ctives ofthe independent examitLilionare4Ghic¥ed and bEfore f11&ll)8th¢ T¢POrt I obtained wrillen as5Utan¢w from th¢Tntst¢es of all ma*ri•l mBit¢rs. IndepeDdeDt Exxthlntr's Stite]lleD4 Reptsrt #ttd Oplnloth Subieti w th¢limitstions upon th¢ of mywork 4¥ d¢tsiltrJ abov4 I hllv¢ eompleted myexamitiatioii.. d¢all ¢Onfimith..-
Metseysldt M¢dkl Benev4)leot Fund This is a rcp in rwi oran wminali¢)n urrÈc4 undcr 145 ofihc Act Hnd in ¥WTd•n¢¢ with Dir¢aioM byth¢ chltyComMlSSiott sediott 145(S)Ibl of Ael which miybe appltcoble: and that Jx> nwt¢FiII mptttys hHvecome to my #ttentith irs WDnxtion with thf ex•mintion givins uSefO b¢li¢ve In any tttillg Werell kept irt tel1 of th¢¢barity asrequIrbY with Section 13Oof The Cb8yili# Act2011: the fJMDckg1 s¢atements do ttc4a¢rd wilh thos¢ rOrdS.. or th¢1n¢la1 sl&t¢DKnts do mply the appli¢•bkT¢quirements ¢on¢ernin8ts foThond wthnlof in the Charili¢8{At¢owits •nd Reports) R¢gubli0Trs 2(K)8 oibcrihan any rtqUiTwneM thai the K¢(n¢S 8ive a'true •nd f81 view. which is ttthrconsidered as pth of an ind¢pEndteX&Mlnaliort: bave Mt been ptePaTed in accordance with tbe methods and principles out UL the FRS 102 SORP ISt4iemeDt or Re¢omnnded Pra¢iit¢ forAt¢¢untinB and Reponing byCharili¢sl 2015. {as mended by the Bulletin issucd in OGtobEr 2018 and applic¥bk 10 all COunn8P¢rIods bynrJin8onor after 1st JHnyHry2019).(Th¢ SORPI. I have and have ¢ODK 4¢Fossnooth¢rnlltters incotu¢ioTh with the exam1wiiL ¢owhi¢h shouldbe in this TWI in ordrrto enablEa PFowund¢rstsndinsof the fiwn¢iil to k rcachd. StEo¢d:. Mrs T pritc1d. Ind¢pathi ExamÈner Membtr of ICAEW 255 PtyJlthRo Wa1145ey Wiml CH44 4BT ThkqT¢port Was siwl o 26th March 2025
Merseyslde Medleal Benevolent Fund- Statemtnt of Flnnciil Attlvltles for the y¢4r ¢nd¢d JI December 2024 ShTiem¢n¢ ofFln4ThcldlAellvltsafor ihtyedr ended 31 DeCeber2o24 SORP Rer CurreffttyeAr CurreTht yoAr Totsl Futtth PrlprY•At Total Ullr¢blrl¢tsd 2024 2fy14 2024 20 Dmatithts & Lewie Al A4 7.394 21.548 7J94 21,548 5.080 18.959 Tot1 28,942 2&942 24.039 ExdI(r0 oo: chantsbl¢tIVil1¢9 B2 12.382 12J82 12.IX T•tl t1pt]lIre l2J82 12J82 12.009 1055¢$ on inv¢smK B4 7.756 7,7S6 17.733) Ntt ItLe•rntforthe yt4r 24J16 24J16 4.Z luc•rneafter tr4D&ft 24J16 24J16 4J97 Net movemeni th fwidj 24J16 24J16 4.2 To¢41 brought fomrd 369.642 369042 365J45 T•talfDDd¥ tnrrled forward 393JS8 393.958 369,642 The'SORP Rrf indicadaive is th¢¢knri¢i ofi*¢om¢s¢t w in th¢ fomul SORP dwIThts. As Tequtrcdby p&rnmh 4.60 ofthe SORP. the bmughl forwardaDd¢anied forward above hlve teen iothe Baknn¢e Shea. A Sthw)wii of Tsxal R¢¢wi$vJfjaiTr¥ Lw¢s is intluded as a witmry sta¢ th these A]1 the prior yt4r it¥nsa¢tiOnS Vtt4e thwestricied iietK8, 8t no flltthr an111$ is t¢q¥ircd All activitie5 derive from continuing operntions The notes o¢t4¢h¢d pagu 12 to 19 form an IDtegral p#rt of thes¢
Merseyslde Medlc¥Jl Benevolent Fund- Sts¢ement of Flnn¢ial Aetlvlties for the year ended 31 December 20Z4 PwlorYe Ytr PrrYeAr SORP R1 21123 25 23 In¢ome & Endowme4ts from". DoDoiion$ & iKy¢ie$ Invesu)xnts Al A4 5.080 18,959 11959 TotEI 24.039 24,039 Expendlt4ve OD: table atiiviiie$ B2 12,009 J&009 Totsl expenthllure 12,099 iioeJ9 Nd1055es on inyesmxn {7.7331 17.7331 Net In¢omt for ihe yur 4.297 4,297 4.297 4.297 N¢t mtsyomtnt 4397 4297 R¢c•n¢llld•n of fundJ:_ Trfal fyllds throught forwArd 365,345 305,J45 Total funds carrltd fonvaTd 369,642 369W2 All #ellvltles derAve from tothtlnuitig operations The note5 att¢hed page5 12 to 19 form ltttegrxl PArt of these ¥¢ut%
Merseydde M¢dleal Benevolent Fund- StatsmeD¢ of Flnanclal Actlvltles for the year ended 31 De¢ember 2024 StAtement of Totsi Recognlsed C8ID5 and Losse5 for the yeir ended 31 D¢¢emr 2024 2024 2023 Surpiui for the year:. N¢t excc5sof ineoLtt overexpenditszre from ¢)ptriiions before thx l&560 12.030 Myln 1h¢sMtsw¢QIF1NQRclo1ArtIV11¢y 1&560 11030 U[calL5¢d$#IThs on inv¢sthJet r4d Mowtmettt Its futtds btfort thxtIo 7.756 24J16 (7,7331 4J97 24J16 4397 The notes attAched on #t5 12 to 19 form in integral pgrt of thes¢ a¢¢oynt Merseyslde Medlcal Benevolellt Fund- Resources Applied ID tbt yvar ended 31 De¢¢mb¢r 2024 towants fixed assets for Charity use:. Z024 2023 general in Ihe)wr$ daailed in the SOFA 24.316 4.297 N¢t reree5 available to fund rhiritabk 4¢tlvllles 24J16 4297 Th¢ Doles attathtd on pages 12 to 19 form aD IDtegral part ofthese
Merseyslde Medical Benevolemt Fund- StsttmeDt of FIDAn¢l41 Aetlvities for the year eDded 31 December Z024 Movement5 in revenue ¢pitsl funds for the y¢#r eDded 31 De¢emb¢r 2024 Revenue 8ccumul8ted tsnds WrStrIcted F•d1 Remrjeted T1 L411 yur Trtal 2•24 14 2024 A¢¢umulAied broughi fomrd 309.642 369,642 365J15 R¢¢ryni¥ed gliolI05$e5 before trfjnsfe 24,316 24.316 4.297 393,958 39&958 369,642 393,958 393.958 369,642 DeslgDatsd revenme wlthlm the unrejtrttted funds above Toil] tAt yeav 2024 2013 Ai l Ja 68,987 68.987 At 31 Det¢mbtr 68.987 68,917 Th¢ pwpos¢5 for whi¢hth¢K funds are described In Nol¢ 15 10 th¢ a¢¢ts. Summary or rttnd5 Unrtsirbt Tt IA¥tY¢4r Tot 2024 2123 R¢v¢nueAceumuiBred fund4 Revenu¢dE5wkd fi¥Trd5 324,971 68,987 324,971 68.987 JLKI.655 6&987 Total 393JSB 393.958 369,042 The ttote$ tt*ehed on yge$ 12 to 19 ftsm h)tegrn] part of thue 10
Mtrseystde MedltAI Benevd¢nt Fund- lance Shttt u J¢ 31 D¢romb¢r 1024 SORP Not¢R 2124 IQ2> JDVe#Dxnts hcldu fLY¢d 56J.179 321.923 363.179 321.923 Debt5 B2 1,030 30.409 48.J79 g Cl {660) {66Q} 30.179 47.719 The l+Jt41n&mtsoftbt1r1ty 393 369h12 TrtItslth1etrrle<bylty aTtfnDded by thÈfund5 of ibtehTIty. •sfoMDVM:. Ur¢#I1¢t¢0 IJ D3 324.971 }0655 324,971 3W655 DesJ8Dthd Fuods 13 D3 68,987 393.958 68,987 369 T•tsl tbarltyfulld5 The SOP knf ithted •bov¢¢5 the clf1¢10•fBlSh¢0 lh¢fOrn SoRPdmNts. As T¢yirwJbypraBBph4.60ofthvSOXP. theWt thd¢artied fww4rd havebeen 88¥¥1bP SOFK. TwscsKknowlcd8ethcYrwponsibibiies knMThwlyin$withth¢r¢qyir¢thw or¢h•JilYk]wthw¢thICJPe<t to Thtrcbatityil vjbittt Ex8miMiioD uoderchrAy •ThdthcrwM o(Ih¢ npF6. TheTnets aresati*fiedihai.Althou8h reAiMered undErthvConyni¢5 Ar. ifii w¢w¢ so r¢YE1rE& it wopaldbe ¢Jisibf¢ prep9[¢ ¥wunts in owothttwithth¢pwxitsN in P4rt 15 oftheCoowniesA¢t 2WS. appkn¢abk 11
Merseyside Medi¢#l Benevolent Fund Not¢$ t• the A¢¢•uttts ftsr the ytr ¢ndéd 31 Detember 21124 A¢¢oMntlng pollcl P•ll¢l¢s r¢l•ilM8 r• olih¢ a¢¢1 Bath of prepDratlDB alld a¢¢oMnthg convutton Th¢ xwwi¥h8ve be prep8r1 on the a¢cwalg b&%i%, erChI6¢[lc0j cost conveniim a¢cordert¢e wiib the Fin¢121 Re¢XWtS&aIfd 102, l¢ff¢¢tiv¢ 1st J8nuBry20161 attd W 102 SORP Iststemeni DfRe¢ommcnded Pra¢ti¢e forAvounliTr$ and Reporting byChaTitbcsl 2015. IA5JmthdEd bythe Bulkiin isswed ITh (ktobw2018 •nd 4pplicablc kn Bll COunting wiDd5 bewMiD¥ollor aft¢r 151 Jnuary20191. (The SORPI. publi5h¢d by tht Chry Commissioll in EnglDnd & WAks ICCEW). eff¢(liv¢ Janu19]6., and in Kcordancc with Bll Bpplie8bk law in the ¢hèritys jurisdi¢thott of registration, ¢x¢epi th•tth¢charity prep3r<h¢ fiwiol statemen15 in KCOrdanwIth th¢ FRS 102 SORP {Slat¢ml ofRo¢ommended Practice for AKthuhtin¥ and RepDrtin¥by CknriliES1 2015.188 •m¢nd¢d by th¢ Buli¢tin i9su¢d in O¢tob¢r 2018 And appbcabl¢ 10 all a¢¢rxuKins pcriod$b¢ginningon c¢ after 1st JDnuary 20191, (The SORPI, in prefereTrCe IhE pthS SORP. th¢ SORP 2005. which has bc wit1rawn, rtLwiih5tandin8the fcl IhE ¢xtsni 5tatuloryr¢wJknih)n& th¢ Charili¢5 IAttount&4nd Report5} iie8uIDtions 2008 r¢fcrexpli¢iily Ihc SORP XX)S. This hAS bLYll done 10 a¢¢ryd wilb curt¢Tri bcst Pfa¢iice. Golthg Cotttt Tnte<4 aTesatisfied IhDL At thctime of approvingthE finan¢io1 Suren it is apprqiriate w¥dopi th¢ m bas in ptepuing th¢ fjnancial 51aiements. Othcrth¥n th¢s¢ Ihc Tn1¢¢$ aT¢nrfawar¢ofany moterial uncertainitrs abrHJE thechuitys abibty lo conliTruc a$4 8oin8¢sx¢rn. Rtsk•#nd future •womplloM Th¢ thrity i4a pyblicb¢Tr¢fii¢ntity. Polld¢$r¢1471in¥ io ¢thg•rf¢$•flK¢ome •KdlneomÉrecognitswL Income Ye¢o8nltlon In¢om¢ wher from ¢x¢hange or non ex¢hAn8t trgn580lr 15 rxwi5ed in Ih¢atrmEnt of finHncialaclivili¢s {SOFAI on * wwvableb8sis. wheTh a trattsaction orher evcntresults ITh an incro88o th¢ ¢hty'siststES OTI rlu¢lion in its liabilitie$ and onlywhen %h¢¢buityhBS lyl enti¢meTh( the incom¢ 1$ prob•bl¢nd cunbE rn¢asurrd reliDb]y. AII ts bEfOdeduCtI4yre[It¢d Or¢0$. 12
Merseyside Medie81 Benevolent Fund Ntst¢$ to the Aetfjuttts for the year ended 31 December 2024 Pollelés rel•dK8 io ndsenrfceJpr•wd¢dt• the Re¢ogoldoo oCllbllhts$ aDd expelldltsLr¢ A liability, thtttlaied eXpilUre. is 1$ed vthen a1¢8al oreonstN¢iiv¢obliyiioti ¢xi¥ts as a Tesulr of a past eML whtn il i5 mttr lik¢ly th¥n JyAth•i B knnsf#of¢¢onomte will reqUIrEd in Wtiemeni and when the ofthr oblig81ion ¢anbtmesured orrtli&btyes¢imAd. L4Èbiliti¢s ar¢sin8 from fvndin8¢thWnsDJw¥nd CWL%tructive obli10 includingrfOrn1ce rei4te41 wbere the tllnitt8¢rthe aftwMJnt ofthe fu¢LeexpdiWrerulrtd 10settie ihe obli¥aiion are uncertain, 81 riK to a provisii>n ID th¢ A¢¢WL. whi¢h r¢viwe4 ai the a¢counling ye4r¢nd. Thc provision is 1c[COd to TetlKI aDyiDcreues in liabibtÈ¢s. and LsdecreLd bythe urili&iiionof uDyprovwon within Ihep¢riod. revern if •ny provLsion 15 longer requiTvI Th¢ movemBnts ate chaT8dor¢redid ¢0 lh¢ r¢8PEtiive rId¥ and vill¢S whicb thcptOVi510nre Polities reknimz to 45stts. I11{11t$ dNdprovisioNsaNdoih¢rmqtt¢Y& FI1 Aw¢¢ Inv¢stmMts Fu•J invtym¢nts inquot¢d 5bm tyod¢dlx)nd& inv¢61mathptvpattf5and similar areshow initiallyat£ost 8cquisition and at their makn valueAi th¢ balantt shrri da al the ofth¢ financial pErio AU gaths oh rd asw Divesbxents. whether•s¢d orunruliyd. I1k in T¢M B4 Ofthestsknttsf Fwn¢ial A¢iiviiie DebtOTS Debtor5ate Measu attheirTgroverdblc aAlnts al th¢bahn¢¢5h¢ddak. Creditors aT¢ LSl at th¢irxttlem¢M v4Ju¢. Fbthttsl1IruUIe1i14thdlDg ¢thi Alld bhllk bthoc C45h hckl byd charity is UL¢hJded It the amthmt a¢Mlty h¢Jd aThdcOUnd the prend. BBnk b3lDnce4 whcthcr illctr41itorov¢rdrnwn, rshown a¢thr amounts properly rem11¢ wth¢ bak 2 Llablllty to tax8110 Th¢ Tnle0 CODsiderthatthE chty11$fI¢Stht iestsset ¢ui P8r8wh I S¢JKthl¢6 of th¢ Finance Aa 2010 for UK co110 I&x PUTP05es. AccotdinBly. the Lllarity 15 POtentiDlly exempt from raxotion in Ttspecl of incorne or capitsl ¥Dins Twelv wh1 rdwrie5 ty Chp 3 pan I l orth¢ coOrlI¢ Tax A¢1 2010 or SeciioD 156 of the Tat10Th of Clwble &ins A¢1 1992, 10 the ¢Xl¢DI that such utcome orgainsAte Dpplied exclusivdy th¢ spttifi¢ thtabl ¢bje¢ty of the charity and for no er PUTp¢sr. Value Athled Tax is not 0V&b by th¢ ¢lrity. is th¢r¢for¢ in¢luJ¢d in theT¢kvanL ihc ststemlOr Fth*iil A¢iiviii¢s. 13
Merseyslde Medlcal Benevolent Fund Notes to the AccouTh¢$ for the yesr ended 31 Deeember 2024 3 WIdIng up or dlssolutlon of the th4rity Ir upon w¢ndinE up or 0¥0]ut$Oft of the chuiiy therc trmin athy aller the sDti%fafftioTh of dEbts and Iwbilihes. the represented by the acew1Ied futyj thall be trawfeTffd to nIe er(haritable body or Wies bHviD85imilarobieclstothechDriry. 4 Investment galns Limtyl iDvesun#)ts. UM¢8Jis¥J 7.756 17.733) fotAI onrullxd talr00$$)tlC 7.756 7.7S6 17.733) Tothl rt4MKcd aDd UDrt4llKd 81rt• 7.756 7,756 17.733) Allth¢ tains and bx5es itt the priory¢ar was unrostsKtcd. URreollsedy4kn5/fvses) owdwr1¥dpWN 17.7331 .7J31 Totyl unreall¥¢d EltnlIs>et¢ 17.7331 T•t•l rmllsed ind ¥Jnrealtsed 7.733 .733) 5 Re¢nuneratlo* )d pellts to Tru$te¢s ADd peTSOD$ eth)The¢ted wlth th¢m No (Th[¢¢5 w pef50M¢OTllK¢d wilh T¢c¢ived Bny teThMM81icffi fmn thE charity. or•Dy ¢Thtity. 6 Ttst, exp¢nses The expense5 tthmbursed iotrusteLE, orpDid dirttrty ro thiP•Ie in th¢¢urrtnl OrwiDfr. below. The •npJuni Teimbur5wJ Iotswi¢¢s 252 189 14
Mers¢yside Medical Benevolent Fund Notes to the Ac¢ounts for the year ended 31 De£emb¢r 31124 7 lthv¢stm¢nts held w llx¢d 8$$¢¢$ luvtsttmeots iubsldiArfe¥ Llsted Inwtm¢Jts heraw Trtal T•tsi Carrylttg of lttv#tM¢ots At l Jgnuary2¢U4 AdditiOD Re¥[wl0 •131 Decem2024 J21.92J 33.5fy) 7,756 321.923 33.500 7.756 321.923 33.5 7.756 At31 DetembRr2024 363,179 363.179 363.179 Allltysts b¢lw¢¢ll f4lrv•lutDd hl#ort¢l¢o as ibovc held at f&irvalue 36J.179 363.179 363.179 Totsl•131 D¢ttmb¢r 1014 36J,179 363,179 363.179 ThE illV¢5knrllts4rc inclwifimd lts. artV4Uitiesinv¢skn¢m fund foTchDmiu. 8 Debtors 2•24 2023 1.030 1,030 9 Credltors: f#llitig due within one y¢ar 2024 660 io In¢otsx and Expendl¢ur¢ a¢¢ount $unwwy 2024 At I JthuAry 2024 Surp$ attertyx forth¢Yr 377,375 16.560 365.345 12.030 Al 31 DtcEmbEr2024 393,935 377J?S 15
Merseyslde Medical Benevolent Fund Notes to the Aceollnts f&r the year ended 31 Dectmber 21J24 11 No related party tr#nsactlon5 Trr¢wereno tyan54rfionswith parti in the yt4r. 12 Pgrtltui8r8 of how partIClaT funds are represented by Ass¢ts Ilablllti At 31 Tlecembtr 2024 VllTeitrl¢ted Dul8nated REthlcltd Trt•l Tot•1 mdi InvwttD¢Thts at val2tiOn:. FLyed0lV¢SImt#ts 363.179 31,439 16601 363.179 31A39 {6601 J63,179 31839 {6) urrenl Liabiiilies 393,958 393,958 J93,958 At l Jnury IlJ24 Totsi di 321,923 (20.6081 16601 311,923 4V79 (6611 JZi.923 48J79 (660) CurTrnl As5 68.987 300,655 61987 369.642 369042 16
Mersey5ide MedicAI Benevolellt Fund Notes ts the AccouDt5 for the year 31 De¢tmber 2f124 13 Change totsl fullds over the year 98 shown In Noee 12. attlysed by IndlYldu#l Fwdi Th¥d 2024 Trliife Fu•tht4rrfed tirrlrd C•rWtdlO nvArdl 2025 20 202> ID 2024 &È Nv¢p 13 3W.655 68.987 24,316 34971 61987 324.971 6&987 Desiwjoted Revenue Funds Totsl uva¢rk¢¢dod de*ted fua 369.642 24J16 391958 391958 T•tsl ehArlty fwllds 369,642 24J16 391958 393,958 14 ADy51$ of Dvellnts funds liver the Ye shown ID Not¢ IJ Olb¢r EJp¢Ththr¢ Sn f#n 1024 24 28.942 111382) 7.756 14J16 14J16 2&942 112J82) 7,756 14a16 14316 IS Th¢ purpos¢$ for whl¢h Th¢5¢ thds u¢htid forthc m¢¢lin8theobjcclivcsof the ¢lwity, It w provide reser¥L4 for rUre acEiviiie4 aThJ, subj#i totharity k¥1$10.21¢ (¢ tTOm all siricti0Th50n their. A iewof £71.487 T#eiYed has b¢¢nsrfoside ID the d¥iyJotcd hud Is the D¥iRDated RcveDucFunds btyuest{if possibkl w•$ for li to be usd forproie¢L% in the Sl Hetens arEa. £2,5 of th]"5 has bttn sp¢rtL 17
Merseyslde Medlcal Benevolent Fund Detailed an41ysls of In¢ome aNd expendlture tor the year ended 31 December 2024 as requlred by the SORP 2015 Thls dftlllysts Is e14Tsssifiedbyeowvenffion4lftominrfl4es¢rtpllons qndnotby Aelivity. 15 DonatioD4 Grartta and Legaeles Current year Uunitrlcted FThd¥ Currnn¢ yer Tolal Pr1•rYr TolalFundi 2024 2024 2023 DM¢ioths Ind glfts from Smill dOnlonS individu•lly less than £10 R¢funds from HMRC on gift aid donation$ Liv¢TpooI LMC 3.860 3860 3.055 375 1,710 1.650 Br Club Total donLtIoNAnd 2ifts 7J94 7J94 S80 lfj Inveslment Income Cvr1 y¢*r VDre51rt¢ted Fwrtds CumAIy• Total Prforyear Totsl FuThb 2024 202 Zl)23 Divid¢Dd Incom¢ BaDk Interest Receible 21,497 21A97 51 18.929 30 TotAI lThvestment Ineomt A4 21,548 21J48 11959 18
Merseyside Mediel Benevolent Fund Detalled analys1$ ofibcomt and expettditure for the year ended31 Detember 2024 as r¢qulred by the SORP 2015 17 Expendltur¢ on ¢h8rltabl¢ a¢tlvltles- GrDt rDdIn& of aetlvltle CwrrQtYtsr To11 Futhds Prloryur Dr¢*tr1 Currellt Yellr 2024 2024 2023 Granis made ¢0 individuals 9.150 9,150 9WSO TO1 8rAntNk1g ¢wts 9.150 9.150 18 Supptsrt tosts for eharll#ble aetlvltles crre0¢yr CuTreAtyur Yolal Fundi PrSDrY¥ir TotNI C#rp¢Ht Y¢4r 2024 Employee costs notllltludediu direetcojts Siiiioneryand printing Software lic¢n¢¢5 and ¢xpens¢$ Liabilty attd conktsts itisuranee 114 391 146 146 146 PPofes$lox4ll¢p1 advlsors oiherihan ihe4udif•ror uam¥ner Legal fee$ i¥0 Support ¢oxts before re8llot8tlon 2.254 2JI80 Total Support Costs- Currertt Year 2354 2080 All theexpendiiure in th priory¢aT W•5 uw¢Mclal. 19
Mersry8ide Medl¢al Btnevolent Fund Detalled #nalysls of Income and expendlture for tbe year ended 31 Detember 2024 required by the SORP 2015 19 Othtr Expethdl¢ure- Governante eosts Curr¢Tht year Totsi Prl•rYur TotslFund5 CMpreDi Ye4p Fund5 2014 20LI Independent Examinels fees 726 252 721 252 69) TotAI CovernD¢etosl# 978 All th¢¢xwdiDJir Intbepiioryearwas utirethri¢J. 20 Totsl Ch8rltable ¢xp¢ndltur¢ Currutyear Tothl Prior Year Totsl vwestnc Fullds Crrer Y 2014 2024 Total grantmakin8 COSIS Total support costs Total Governance costs B2¢ B2d 9.150 2254 978 9,150 2354 978 950 2MO 879 Total rhrltabkexpendlture B2 12J82 12J82 AW9 All theexpertditUTe irt the prior yearwa5 wireth¢id. P¥lorYexT Pyknryor Tofl Fuw Prlor Year Funds 202> 2023 TotAI grantmaking costs Tolal support ¢os¢s Total Governan¢¢ ¢osts B2c B2d B2e 9.050 2.080 879 9,050 080 879 Totsl tborft8blt txpellditsrè 12,009 12,0 20