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, AhttL*l Rtptyrt St*temeDt of Trwtee's re4ponslbllltle$ Inde￿ndent ExamIne￿5 Report ds $1471emrnts.'. St4t¢wnt ofFin8ncial Aeiiviiies Sta*meni ofFinan¢ial Acliviiies- PriorYcarsial¢m¢nt Stat¢m¢nt of lotsl T¢¢Wi5￿ Bains and loss¢s Movements tn fjjnds 10 B•l•n¢e sheel N•t¢s to th¢ attollknts 12 Mer8eyslde Medleal Benevolent F#ttd Trustees, Report for the ye*r ended 31 D¢¢¢mb¢r 2024 TheTLWtees PTestst the￿ ReportkndA¢c0uttts forth¢￿t￿d￿l 31 Ikcembtr2014 RefEren¢e and AdmiDi5trative detAil Trk¥a] namc of th¢¢hprity i&. Mu8osid¢Medi¢al Bm¢volAt Fun ThecbaTity is aL50 kDown by its oper¥in8 name. Mustysi(k Medical Benovol4DL FUD Tr¢h￿ity is r¢1p$t•r￿ in Engiattd & w￿¢5 with th¢awityc(xw￿sl0n in Enuland& Waics ICCEW) wtth¢JJarity tMLmber247161. oFrnrc in ADyov¢¥s¢•¥ jurisdi¢lioD5. Thecharity is CLUIiDJied asa¢hBrity¢siBblis1wJunderaCJ)arityC￿W￿lss1On 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 pr1nd￿l oper*llD8 addm4 telephn¢ llymber. emAII Y4ob addreuejof the eharlty ￿t:. 6 South Road Grassa￿le P4rk Liverpool L19 OLT T¢￿P￿￿oIS1558 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 ￿T￿￿te$ durlDgthe yetrended31 De¢ember 2024:. The truslecs wkn SEThed ￿ a trwlee ID the reportitigFriod w¢r¢as sbown above. All the trU￿e¢s9re9ls0 membus of the charity. ObJ¢ets and a¢lfvltle$ the ¢birlty ThepurposLf olthethorfty4YSSrto*iln ltsgovernwR¥ documeNi. ThB obicrtof thc chllrity isthc pnwi5ion ofben¢voleni yants ¢0 membEf5 ofihe mcdical prof¢$5ion jnd their (kpcndan15 withinth¢ M¢rs¢y5id¢ ar¢a. Tre¢h*rltysstr#t¢%l¢sfvr4¢hlorffv8 Its 4lms dlld objeeiives In The objetiive remaitisun¢hah8ed (trTthe hiure. The in*nlion is for ￿nIlnUed itkVLSttwJt nWDaEuneDt and di8tribulionof ihcame lo membersof themedical Profession and theirdependantswilhin ihe Merswide Mer8eyslde Medlcal Benevolent Fuod Trw$tees' ADnllal Report for tbe year ended 31 Defember 2024 INv¢sthJth¢pérftyrno#et tljt lAvéM￿t￿$ obJKrfv Th¢¢haTity had of £7.756 ¢)n th¢ir)nvesth￿t 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¢fllLAt￿1pos1tiQti 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¢l￿rIty 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$lrfoM dfth¢rÉporting dai4 31 D¢remb¢r 2024. Thet(wal inc￿￿1￿8 resowrcs for Iheye4r w¢te £28.943. T(Nal T¢sow￿%￿pendCd was E12J82 on investhwits £7.756 T¢SU]iing in ll¢E I￿oMIng￿￿Urt¢S of£24,316 wkn'ch added wr¢s¢rv¢5 brou8bi forwotd 8ivD)g ¢othl of £393.958 ¢￿[1￿ forw Detslls of The Independent Ex8mlner T Prit¢htrd Memt¢roflCAEW 255 Pouhon Road Wall•8ey Wirrnl CH44 4BT MerBeyslde Medkal Benevoltnt Fllnd Trustees, Annual Report for the year ended 31 Deeember 2024 Stltellhtnt of TrMste¢$' 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$.theCharities (Accounts And Reports) R¢gulatioM 2008. to prq)*rc the fLnEncial Etatcmcnts in Kcorthncewiih Ihe SORP 2Q05. is) wew of the fact I1￿t Iht SORP 2tK)5 h¥ been withdrawn. the Trustees delerniined lo iniwret this responsibility4s requirinB them w follow ¢urr¢ni best prn¢lt¢¢ 8J)d prepare the•¢¢￿ts¥￿0rdIn8 10 the FtIS 102 SORP (&a*mtlli of RwDTnrnctthd PN¢ticc for A¢¢ow*iing4nd RewtlngbyChariii￿1 2015. I￿ anwnd¢d bythe Bullrtift 15s￿d iD (klo 2018 and Hpplk8bt¢to all a￿￿1￿8p¢￿0ds btBithnin8 on or aft¢r Isi J4nuary20191. (Th¢ SORPI,. In prticular. chHrity law Tequires the Trustce5. if Ilypry?r¢4¢Munts on an icctullls basi4 topretAte firw￿l11 for financial w ￿￿1(h￿1Ve a tr￿and fairviewof lh¢ wte of •ff¥irs of the charity 8$ ai Ihe end of thc fu￿¢181 )urondof th¢ Surp1￿ ordeficil ofthc¢hariry. In p￿*r￿8th0se financial sthiethentstheTt￿tees are wI￿red 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 kK*li¢ies and applythunconsistently. - make judgen*nts tstimi1¢5 Ihal art￿SOmbI¢ and pnjdeni: - prqmre the finDncial statements ¢)n thE going concern basis unless il is inappts)pri?le lopreslltDethal thtcharitywill coThtinue in busines stsl¢ Wheth￿ApP￿￿blC ￿￿OUnting$fandarth st4wn￿lS of retQMn￿dèj pra¢iice havEbEEn followvl. Subjed logny mHleri•l dogrbJre5 disclosed and cxplHined in the finan¢i•l sl?t¢ThKnts: Th¢tsw requires Ibai the trustttg musi noi opprov¢ lh¢ accowiL% unl44s they are saiisfied th&t tbeyBive a true st￿ fairview oftht state of affairs of the ¢harity al￿ of th¢ suTrlw or def￿11 of Iheclwily forthe ye•T. The are aL%o reStA￿lbIt fornxiintaining DdcquHl¢ a¢tounting records wJri¢h disclose with TtasonAbl¢ a¢cwacyaiarLyttmethe fJnAn¢ial posiiion ofthe ¢haritya￿ which ar¢suffLflt41t los1￿ explain the ¢haTitys tr•nsa¢iions and ￿able ihem ￿¢D$Ur¢thI1 the fin￿la1 Sugiemetsts comply with regulations made ￿nder the Charities Act 2011. They aTealsor¢w￿b1e 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 Tn￿lee$. rqth ts limited Io¢x8mining the teport and enwTin8 that, on the face oftherepth. thwe Bre nomotsri•1 iD¢onsiste4Kies wilh the figllreldisclos￿ in th¢ slaiements. Thi*FEP)rtwa¥apprpvedbylFKbo4rdofiru51¢¢5 0 )4 M¥W￿ 2025. D￿tOrI Ma¢ke4n Tr￿tt Merseyddt Medi￿1 B¢nevolent Fund RepDrt of the I1￿ePendent Exfimlller to the Truttees of the ehrtrlty the a¢¢ouDt$ for th¢ year ended 31 l)ecembeY 2024 I report iotheTnsices on my exaMI￿tiOn orth¢ finwKiwl ¥tatemis oftbo ¢h￿lty￿ pa￿$ 7 10 19 forth¢ y¢ar ¢nd¢d 31 De¢ember2024 which have been prepar*J tn a¢tor&n¢e with theCh8riiies Ad 2011 i¢he Act) at¥J with the Financi11 Reporting Stand3Td 102. leff&tiv¢ I￿JanUary 20161 adapied ￿ m¢ct ¢he neeth of un1ncortw1￿ ¢Kganisplions. as nwmlifted byFRS 102 SORP(Swemeni of Re￿￿￿ded Pr&tscc forAccourttiti8And RepL￿ll￿ 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 Ertgl*nd& Wdes (CCEW), and und¥ the his1￿1￿￿￿ 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￿ ￿thIN￿6 fntyiees. are Tcsponsibk fw Ib¢pry¢￿IQrtOr￿K 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 fil￿nti*l $ki¢mentsFJv¢ a ttu¢ #nd fI￿v1¢W. TheTru5ttts con5iderth&l the audir requircmLThE of SecliL* 14411) ofthechorities Act 2011 {thc A¢t)does noi apply. thai there is no rEqu￿ne￿¢ ID theGovernift& Do¢unw for Ih¢ ¢onductiD8of ￿ audit. As • ¢onsequ¢n¢¢. th¢Tnwces hav¢ ¢Jxi¢d that finati¢ial s¢atcmEnts br subjc(t lo indepcnthnl examination. Having Satisfied myself thai the fmEncid starements are tLOt t¢quit¢dto bt audited UDder4hy le8al pmisioty orthwise.and igible forindep¢Dd¢nt examination. li is myT¢sponwbilityto'.- al CXEminEthe fuJEnrial Statements of theclwity u￿1¢[ Sectioti 145 Ortt￿A￿l bl foliowthe •ppJit•ble wo¢edures Dire¢tith$ 8iv¢n by the CharityCon￿￿1ss1on section 14515Xbl of th¢A¢l. Bzsls of IDdtpeDdtot ExxmIne￿S Statement and scope of w•rk undtrtske I r¢wt in ofMyex￿nj￿a1l0ttQfthC ¢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[1der￿tIoti 14515Xb)of th¢ A¢1 sdting tyji th¢duiies of an indep¢ndeDI examinerin r¢Jaiion E0th¢¢ond￿1Ing of an ind¢wnthnt ¢xwninatiorL AD exainiDation ￿cludeS a reviewof the accouniiThg r￿rdS kq>i by Ihe charity and of the llCCOUttling $)sietns emploY￿J by the chaTity&nd a comptirison ofihe fimancial ststemertts pre8eM¢d wilh those records. Ii also includes ¢￿side￿il0￿ ofany unu5wJ It¢￿ or dis¢105ur¢5 in th¢ f￿Hn¢1￿ swI￿¢n￿, And s¢¢kiTr8cxplaDatiO￿ from YO￿ &$ 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¢ ￿QU￿S and di%¢losure5 ttth. the ftnancial sthtemenls complywith the SOPTr. Th¢ ptomJurr5utsdcrf*kn do provid¢ all th¢eV￿rn¢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 wO￿d£￿￿1der in arriving at an opinion. Th¢plannin8 and ¢ondu¢t of •n audit80ts IKyond tb¢ limi*d assutsnte that Con8equenTly. Idonotexpress In auditopinion on the vi¢w 8iv¢n byth¢ finanual $14*meNs.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¢¢n￿l bdow. I planned and￿ro[lI￿ my¢x4￿￿7I￿Iion so as iosa1isfyrn￿lf rhat the &>j¢ctives ofthe independent examitLilionare4Ghic¥ed and bEfore f￿￿11&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¢dk*l 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¢ ch￿ltyComMlSSiott sediott 145(S)Ibl of Ael which miybe appltcoble: and that Jx> nwt¢FiII mptttys hHvecome to my #ttentith irs WDnxtion with thf ex•min*tion givins ￿uSefO b¢li¢ve In any tttillg Werell￿ kept irt tel￿1 of th¢¢barity asrequIr￿bY with Section 13Oof The Cb8yili# Act2011: the fJMDckg1 s¢atements do ttc4a¢￿rd wilh thos¢ r￿OrdS.. 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¢pEnd￿teX&Mlnaliort: bave Mt been ptePaTed in accordance with tbe methods and principles out UL the FRS 102 SORP ISt4iemeDt or Re¢omn*nded Pra¢iit¢ forAt¢¢untinB and Reponing byCharili¢sl 2015. {as *mended by the Bulletin issucd in OGtobEr 2018 and applic¥bk 10 all ￿COun￿n8P¢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 pritc1￿d. 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 Fln*nciil Attlvltles for the y¢4r ¢nd¢d JI December 2024 ShTiem¢n¢ ofFln4ThcldlAellvltsafor ihtyedr ended 31 DeCe￿ber2o24 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 Tot*1 28,942 2&942 24.039 Ex￿￿dI(￿r0 oo: chantsb￿l¢tIVil1¢9 B2 12.382 12J82 12.IX T•t*l t1pt]￿lI￿re 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 indica*dai￿ve is th¢¢kn￿ri¢￿i￿ ofi*¢om¢s¢t w in th¢ fomul SORP d￿wIThts. 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$vJfjaiTr¥ Lw¢s is intluded as a witmry sta￿￿¢ th these A]1 the prior yt4r it¥nsa¢tiOnS Vtt4e thwestricied iietK8, 8t￿ no flltthr an11￿1$ 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 Fln*n¢ial Aetlvlties for the year ended 31 December 20Z4 PwlorYe* Yt*r Pr￿rYeAr SORP R*1 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¢lll*d•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 ¥¢￿u￿t% 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¢¢em￿r 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$#IThs on inv¢sthJet r4d Mowtmettt Its futtds btfort thx*tIo 7.756 24J16 (7,7331 4J97 24J16 4397 The notes attAched on ￿#t5 12 to 19 form in integral pgrt of thes¢ a¢¢oynt Merseyslde Medlcal Benevolellt Fund- Resources Applied ID tbt yvar ended 31 De¢¢mb¢r 2024 towants fixed assets for Charity use:. Z024 2023 general￿ in Ihe)wr*$ daailed in the SOFA 24.316 4.297 N¢t re￿￿ree5 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 W￿r￿StrIcted F￿•d1 Remrjeted T￿1 L411 yur Trtal 2•24 14 2024 A¢¢umulAied broughi fomrd 309.642 369,642 365J15 R¢¢ryni¥ed gli￿o￿lI05$e5 before trfjnsfe 24,316 24.316 4.297 393,958 39&958 369,642 393,958 393.958 369,642 DeslgDatsd revenme wlthlm the unrejtrttted funds above Toil] tA*t yeav 2024 2013 Ai l Ja 68,987 68.987 At 31 Det¢mbtr 68.987 68,917 Th¢ pwpos¢5 for whi¢hth¢K funds are described In Nol¢ 15 10 th¢ a¢¢￿￿ts. Summary or rttnd5 Unrtsirbt T*t IA¥tY¢4r Tot￿ 2024 2123 R¢v¢nueAceumuiBred fund4 Revenu¢dE5wkd fi¥Trd5 324,971 68,987 324,971 68.987 JLKI.655 6&987 Total 393JSB 393.958 369,042 The ttote$ *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 Debt￿5 B2 1,030 30.409 48.J79 g Cl {660) {66Q} 30.179 47.719 The l+Jt41n&m￿tsoftbt1￿*r1ty 393 369h12 TrtItslth￿1￿etr￿rl￿en ID th¢ A¢¢WL￿. whi¢h ￿ r¢viwe4 ai the a¢counling ye4r¢nd. Thc provision is 1￿c[CO￿d to TetlKI aDyiDcreues in liabibtÈ¢s. and LsdecreL*d bythe urili&iiionof uDyprovwon within Ihep¢riod. revern￿ if •ny provLsion 15 longer requiTvI Th￿¢ movemBnts ate chaT8dor¢redi*d ¢0 lh¢ r¢8PEtiive r￿Id¥ and ￿￿vill¢S whicb thcptOVi510nre Polities reknimz to 45stts. I1￿1{11t$ dNdprovisioNsaNdoih¢rmqtt¢Y& FI￿1 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 r￿d asw Divesbxents. whether￿￿•s¢d orunruliyd. ￿ I￿1￿k￿ in T¢M B4 Ofthestskn￿ttsf Fwn¢ial A¢iiviiie DebtOTS Debtor5ate Measu￿ attheirTgroverdblc a￿Al￿nts al th¢bahn¢¢5h¢ddak. Creditors aT¢ ￿￿LS￿l at th¢irxttlem¢M v4Ju¢. Fb*thttsl1￿IruUIe1i14th￿dlDg ¢thi Alld bhllk bthoc C45h hckl byd* charity is UL¢hJded It the amthmt a¢M*lty h¢Jd aThdcOUn￿d ￿ the prend. BBnk b3lDnce4 whcthcr illctr41itorov¢rdrnwn, *rshown a¢thr amounts properly rem￿11¢￿ wth¢ ba￿k 2 Llablllty to tax8110 Th¢ Tn￿le0 CODsiderthatthE ch￿ty￿11$fI¢Stht iestsset ¢ui ￿ P8r8wh I S¢JKthl¢6 of th¢ Finance Aa 2010 for UK co￿￿110￿ I&x PUTP05es. AccotdinBly. the Lllarity 15 POtentiDlly exempt from raxotion in Ttspecl of incorne or capitsl ¥Dins Twelv￿ w￿h1￿ rdwrie5 ty Ch*p￿ 3 pan I l orth¢ co￿Or￿lI¢￿ Tax A¢1 2010 or SeciioD 156 of the T￿at10Th of Clwble &ins A¢1 1992, 10 the ¢Xl¢DI that such utcome orgainsAte Dpplied exclusivdy th¢ spttifi¢ th￿*tabl* ¢bje¢ty of the charity and for no ￿er PUTp¢sr. Value Athled Tax is not ￿0V￿&b￿ by th¢ ¢l*rity. is th¢r¢for¢ in¢luJ¢d in theT¢kvanL ihc ststem￿lOr Fth**iil A¢iiviii¢s. 13 Merseyslde Medlcal Benevolent Fund Notes to the AccouTh¢$ for the yesr ended 31 Deeember 2024 3 WI￿dIng up or dlssolutlon of the th4rity Ir upon w¢ndinE up or 0￿¥0]ut$Oft of the chuiiy therc trm*in athy aller the sDti%fafftioTh of dEbts and Iwbilihes. the represented by the acew￿￿1￿Ied futyj thall be trawfeTffd to ￿nIe ￿er(haritable body or Wies bHviD85imilarobieclstothechDriry. 4 Investment galns Limtyl iDvesun#)ts. UM¢8Jis¥J 7.756 17.733) fotAI onrullxd talr￿00$￿$)tlC 7.756 7.7S6 17.733) Tothl rt4MKcd aDd UDrt4llKd 8*1rt• 7.756 7,756 17.733) Allth¢ tains and bx5es itt the priory¢ar was unrostsKtcd. URreollsedy4kn5/fvses) owdwr1￿￿¥dpWN 17.7331 .7J31 Totyl unreall¥¢d Eltn￿lI￿￿￿s>et¢ 17.7331 T•t•l rmllsed ind ¥Jnrealtsed 7.733 .733) 5 Re¢nuneratlo* ￿)d p￿￿ellts to Tru$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 T￿tst￿, exp¢nses The expense5 tthmbursed iotrusteLE, orpDid dirttrty ro thi￿P•￿Ie￿ in th¢¢urrtnl OrwiDf￿r. 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¥*[w￿l0￿ •131 Decem￿2024 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•lut*Dd 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 $unwwy 2024 At I J*thuAry 2024 Surp￿$ attertyx forth¢Y￿r 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 partIC￿laT funds are represented by Ass¢ts Ilablllti At 31 Tlecembtr 2024 VllTeitrl¢ted Dul8nated REthlcltd Trt•l Tot•1 mdi InvwttD¢Thts at val￿2tiOn:. FLyed0￿￿l￿V¢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 J*nu*ry 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. att*lysed by IndlYldu#l Fwdi Th¥￿d 2024 Trliife Fu•tht4rrfed tirrlrd C•rW*tdlO 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¢¢d*od de**ted fua 369.642 24J16 391958 391958 T•tsl ehArlty fwllds 369,642 24J16 391958 393,958 14 AD￿y51$ of D￿vell￿nts 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 r￿Ure 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 F￿Thd¥ Currnn¢ ye*r Tolal Pr1•rY￿r TolalFundi 2024 2024 2023 DM*¢ioths Ind glfts from Smill dOn￿lonS 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 S￿80 lfj Inveslment Income C￿vr￿1 y¢*r VDre51rt¢ted Fwrtds CumAIy• Total Prforyear Totsl FuThb 2024 202 Zl)23 Divid¢Dd Incom¢ BaDk Interest Recei￿ble 21,497 21A97 51 18.929 30 TotAI lThvestment Ineomt A4 21,548 21J48 11959 18 Merseyside Medie*l 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- Gr*Dt r￿DdIn& of aetlvltle CwrrQ￿tYtsr To1￿1 Futhds Prloryur Dr¢*tr￿1 Currellt Yellr 2024 2024 2023 Granis made ¢0 individuals 9.150 9,150 9WSO TO1￿ 8rAntN￿k1￿g ¢wts 9.150 9.150 18 Supptsrt tosts for eharll#ble aetlvltles c￿rre0¢y￿r 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$lox4ll¢￿p￿￿1￿ advlsors oiherihan ihe4udif•ror uam¥ner Legal fee$ 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 Covern*D¢etosl# 978 All th¢¢xwdiDJir Intbepiioryearwas utirethri¢￿J. 20 Totsl Ch8rltable ¢xp¢ndltur¢ Currutyear Tothl Prior Year Totsl vwestnc Fullds C*rre*r Y￿* 2014 2024 Total grantmakin8 COSIS Total support costs Total Governance costs B2¢ B2d 9.150 2254 978 9,150 2354 978 9￿50 2MO 879 Total rh*rltabkexpendlture B2 12J82 12J82 AW9 All theexpertditUTe irt the prior yearwa5 wireth¢id. P¥lorYexT Pyknryor Tof*l 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