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AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
LEGAL AND ADMINISTRATIVE INFORMATION
Gov•rnlng CornmMt••
>re&d¢nll
IDrerydenl
l*w'ntad 27August 20241
8•nlor manag￿￿nt
-. li Lf Ex9cuIN• Officer)
ad ol OptrrniDMI
jHead ol FInar￿ & BLMiresil
..Id of Edu¢alionl
Iilad of Ery•G8m•nt & IW'nl•d 24 May 2Q41
He•d ol
Gommwi¢•Won•l
IRe•¥n•d 24 May 20241
Charty numb•rl8¢¢tl•ndl
SWJ1618
Prlndpal addr•41
ijrit 3 1
Thv Flour Mill
34 Cornm•rGial Streqt
001 3EJ
A¥dltor
FlThlhy&hJdil L1rni￿d
11 Dudhop• T•rrtt•
003 6TS
nk•
Royal BAnk of &olla
3 Hi9h Street
DDI 9LY

AMEE {ASSOCIATION FOR MEDICAL EDUCAMON IN EUROPE)
CONTENTS
Gov•ming Ccfflrn4t¢o Ihmb•rn' r•o0rt
lTrJepeThYert atsJilorS r•pJrt
Statemertof fina￿1&1
9-10
E•knce •he¢i
11
Slal•rn•rtofc•th flow
12
Not•• to th f￿an￿1 •tstem•*•
13-20

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
GOVERNING COMMITTEE MEMBERS. REPOR T
FOR THE YEAR ENDED 31 DECEMBER 2024
Go4*rrury Committ¢• Pm8ern* their report arnl fmNJal statemènt$ hr lh• y*thi ended 31 r￿M￿•r
The firn￿al have been prepared tn aCC￿d81￿ wdh •¢¢•unlirvJ polw s•t OL* n note I to I
(IrBrKial stst¢menls and comply ¥vilh th& AA&￿i￿￿￿'S consbluuon.
the Chanlias and Tru8tee Inve*ménl
(s¢Gt￿ndl X05. the Charrt￿S knunt& 18(￿hndI Regulalvjns la6 amwKledl and -kntsunlw arn1
R&porbn9 by Chèrities. Stalem•nt of R•cornrnend•J Pr4cb'cè apFlub￿ to choMiBs prtrpanrvJ IhEAf accw¢S in
JcoNdnnGe with the Financ￿1 Repo￿￿ SlaTrJaid applKable in th• UK R¢wblic ol Ireknd IFRS
1021'18ffecbv• 1 JanLKqry 20191
OBJECTIVE8 &AGTIVITIE8
Our obj•¢t¥ ar• lo promot• lh• st￿Y of h•ath •d￿t￿n, th•igby Impro¥irvJ h•atth prohgq
F¢•t•rMmmUnl￿iion h•atth preh68￿1 •du¢•tor• in th ¢￿￿ntr￿ of Ewcp• and boyorKI.,
11 p•riodic corrf•r•wA• on aw¢ts ol prol•ebKJnB •duGal￿ daemed of importycé 81 • prts¢ukqr
limo.,
Sts'mul*• lh• •mC￿n9* Ot t•a¢hM4 and of mat•rNl8 d•¥•bp•d b•Wn l••cMri •r
thow4h m•etiryo, Joumll, gu￿•1 and p￿11¢￿10r*',
Promolé Mahti ofts•tth Profe￿IC￿8 educator8 ￿￿een mèmber MuntA?$.'
HBIP 8valual• roport *A*n gppropriwt• C￿ surt•blo procodLf4$ 10r tr•irir9 It￿•r￿S If￿ h••tth
prOf•M￿nI t•￿￿1$. Ihrough m••bThJs, jOLrnal•, guide• other pUbliG&￿•,
Colknct. ihrough m•mb•r I••￿￿4￿0n& wh•r• thy exi81, fgciwl amdancè liom ￿8*h prola8itsr4 ￿h0O10.
c4rtru in rmmber ¢QL￿trI*s, about obJectNe9 am PIO9ramme• ￿ ho&lh Voles￿￿$
•dL¢aiion in ord•r to hdp d•Kribè, di•trtsrt• •rtd dty¢um•nl rnet￿￿ olhe•fth yof•o8K>n8 ￿￿•t￿.,
ErKournge he8llh Prele￿¢￿￿ •dLt•iioMI f￿0￿reh beiw conduct•d in countri•1 in Eurow *Thl glv•
Jpport lo r•warch propths •¥plDrirv4 aSFects ol hoatth prole11￿n% eduCatK￿.,
Contribut• to t￿ ••ttiTh4 of th ¥toTrJard8 in hwlth profe￿orrO good pra¢t*e wrth reqlrd to
t•a¢NTra and as*s*nont,
Pmmot• trJla¢)orntson wilh clhr i•a*)ml a8K¢iatN)ns for ho4Kh wof¥6wJn¥ •du¢•iion und•r th• umbr•l
Oft￿ F•d•ratson for EducAlion.
Mts•lon,'
To promot• and irwpir• eMcdl•rK•, ¢¢lL•bornlbW and qcholarth'p auo8B ihe cortwiuum of he•llh wo1￿*0
8&Ka￿.0Th.
Vl¢bon:
To trarsform lor I1¥￿h excelerte in edLrnli)n and ¥hd•rship
Gumllng Prfn¢lpkni:
Conn•G*- Join and bukl ￿k)b￿ ¢ornrnurdlies gf prnc*Ke tcgelher withAMEE
GTh- Dw•iop Ine capacity to pr￿4￿. r•soarGn aThJ lewj.
Ingpw•- Challenge a8Bumptk)n8 and *x￿lIng bouTrJari•s of •stat4ièW edu¢xtb)nal pradiw.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
GOVERNING COMMITTEE MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT8 & PERFORMAKE
AMEE partnered wrth De?￿n Univer¥ily •nd c4Jnlr•(#•d ￿•neX IProk9810r*l Conlera￿* Orwwr¢l ¢• d•livw tr•
2W24 Ottawa Confer6nc8, ￿ld in ME11k￿￿no, Au51ralra. Thy6 18 a biannuBI conl@re￿e wknch fc*u8888 on
assesgment. t￿nk￿￿ryort Invow in Ihe prepaialion 8Th1 ruminll of thè ¢onf¢i•n¢o.
Qur ￿nUel conlererte In Basel. SwlzerLgnd wth 4.051 tlelegates from eourtn•$ att•ndirrfJ both
ard 0￿￿0. Th• theme of Ih corrfèJerKe wa•'Devdop your edwAlwJn41 uf••r Conn•ct, Grow and Impire wth
AMEE ￿24. and we r•¢ei%*d 4,4C¥J submtssH)n8 wilh 1.874 accept8d ￿ thank 6veryoM invofv8d. in
PartiaAWt￿ wrf*rerce'• ProgFamrn• Chair, Jonrulgr ¢I?￿n
Thè senb)r marwem¢nl of AMEE wnl a rwmb•r of monlhs dew•lopiThJ th• frjluro *f8t•Jy of ehprty to ¢r*ur• its
Vkgbil*y 9￿r thp ￿xI fiv• lo len years. Hi8toiicalty. there ha8 been a r•liawA on th• ¢ornf•r•rrt• io tm
ckArily •* • whde aTrJ. wilh a fa81-chatying glow ￿1vUn. AMEE needs lo onwre rt continu•8 lo div?￿fy aTrJ
expand ils actiwt*8 togrow Olhor gOUf¢esol ItYom•.
vuvJ dthloptd ts ILrtur• Jtrntegy, AMEE emborknd a rattl￿1￿1￿4 ex*r¢4sè dwirY4 Aulurnn 2ll24.
thDugh th's re•Lllad in Ihe olftsur po￿$, with some bng seNng *8ff leaviNJ AMEE. the redruttuiing did i•r#l
lo *¥•n posts being rewuil•d, ￿cl￿1n9 Ihr•e at rnanagerl•¢nior mang9w lewd In addi1￿￿ 10 ljwio #￿trnI1
i•cN*mèrti. rn•mter of ￿aff was promoted w￿￿1n AMEE lo m•n•9•r. PUTr0￿ of th• new managor l•v
il ¢0 enlure Ihal mana9amert Can fc¢u6 on strai¢gy th• fuiurl ol AMEE and alow8 lo dev8bp
￿11• wlhin AMEE and hav• ￿ opp¢rtunrty to grow Ih•r c•re•r8.
pport loi l•M wdl counlth
LhJnrvJ 2024 wè comm4r¢•d Ph•ve 3 01 our p•rtn•rnlip wth pfv£•r Inc Ipftterl orxl M•dLLot• Glc&•l LLC
IllAd￿￿tel This buih our work of a88e66ifYJ CPD in wekiesourced ctrjntries *rbJ t￿n
dev•lopiryJ 4 CPO ¢our•e. Thw phae• albjwed u8 to *ortL wrth fiv• wb.S&haron ￿llie• ILewlho, BolJwanN.
rth¥arxl&. K¢nyi ￿laW1) who cun•ntty uThJortak• CPO ¢n •n iftfoim•l b•*• bui who hav• •xpr•M•d a ¢kn*r
need foi il al a mole Icfmal IMI. lTrlwidual• from thow fiv• c*untrk16 form•d thr•• cohort4 and tove Trjw
pl•ted lh￿.¥ CPDtrnJNng
AMEE hai COrtnu•d rt$ c¢mmilm•nl to l•M w•114•wurc8d Lwntrie8 by provbjlng rId￿•d Marnbern￿P and
corféraru f•••, Wè lo devdop and invest in ¢ornl¢r•w as ttrM$ •llow• partiopdnts from
•ll.rèAeAJrt•d ts￿rtr￿ lo access leaiThry. •$ wèll as haviry lh• Ilu* b•r*frt of irnprovir¥ Ihe •nwronmw*al
WA*￿*bIllIY ol the confei•nce o¥•rdl.
FINANc￿L REVIEW
In 2024 our total I￿￿rn• w*8 £3.613.849 up by £334.￿lIn￿l on y•at Thli is plrttyd￿ wo
b*"rvJ ￿dertakIn whkh rn luTrJed by Pfizer and al80 o￿aU￿ ot a w￿111 9rwlh In ¢orrf•renG• irKorne.
Exp•ndrturo ￿¢T•a￿d from £3,￿.245 In ￿23 to Q.467,gJ1 in 3Y24. •n I￿r•i•• of £701,656 13%). Thyé
prinwily a ref￿'on of Ihe *hghlly conf•r•nc• Ir*omo.
Qur ith¢r¢44* in fuTra& for the ye8r 1$ £70,316 a d￿￿¥8 in fundB 01 £125.169 in 20￿ The
vmimert N wim•nly to AMEE 1124.
R•Mr¥•s Poijcy
The reBetves polw l*•n r•wi?wed by the Fbsk aThl Finance Committee. Reserves are hdd three purpoges..
To enat4e the 10 m￿1 all rts obl¥Jaticfis in Ihe e¥ent of th￿￿Lfth0n..
T¢ ￿)Id SUff￿18n1 liguhl re88rv68 to ¢ubhc*) the impad of any finBroHI Isouu r•l•ted to the ￿￿fer￿rKe, for
emarry￿ in ts eveN ofthe IwvirYJ Ic be cancdled," aThl
To hrld ée•i9n•t•d or r¢*Hct¢d reserv￿ for partwhi purp08e8.
At 31 D•c8mber 2024, £2,858,74912023. £2.743,Wl wa$ hehj in tclal unrestricted r88eryeB. 1116 the of Ihe
'sk aThJ Finance Comrnitte¢ that thv group 8houhl retwn 81 18881 18 months ol operolry costs Istaff and
overhÈadsl rh• Mi WntribUb￿ fiom the anrnml conference, beirwj ￿￿nd £1,950.OW In wal.
¢t4rity hebj r8s¢rlL%ed reserves of £9),8J5 12023 . £141.5951 •¥J wthwmert ful￿5 ol th).971 13YfJ .
£44.ffj41.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
GOVERNING COMMIThEE MEMBERS. REPORT (CONTINUEO)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Rlsk Mwwg•m•
AIAEE 8 Risk aTrJ FIna￿• Commrtth• IB rwJ• up of th• P￿d•nt, truBt••*. th• CEO H•*d ol &Jwn•A8
4f¥l Fin¥Ke.
hMEE is ffin￿￿y 98CLffg htsw•ber11 doe• ffKe o n￿ts•r of Fi•k• nckkling..
anr¥Jal conferencè. b•in9 mior ￿ur¢• d Incorn•. 1$ 4 8ty3nific*nl risk factor for AMEE. hav•
XPgnd¢d lo kn￿1￿9 both a face lo IrKe and online pr•2•ncewhth means that we are able w reach a wthr
I￿10￿*. partic￿4￿Y from tho96 ai8•6 W￿r& rt Can bo and ccstly lo Ir4vg1 from Huwo¥91. thw•
LX)ntinwd debate aboui the ILrtur* of Onli￿ ¢onferentsng a￿, wrth regards to the In person eth¢nt. I￿re
may bo many event8 V4hth May prevenl partiCiP8rt6 from attending. Costs ￿n11Th￿ to 8NI th
h86 an ImpaLX on the de*al• leas whch can have an ￿p)c1 on •ttendarKo. Vvhihl It 48 rKII Po￿￿• to
8ntupate all ¥uch event￿lIt￿$ déth8itin8 abtsLrt • eonfty•nGe lor*ibn. * Nmb•r of st•ps
n b• i•k•n lo redu￿ fisk 88 folbwa..
rhe location of the ￿ peiaon el•mwl * t•l¢cied fou0￿￿j a ¢amful •xamlrAt￿n of ci>*. SIC￿llY
and stat4.lily of th• courtry, approprkniw ts¢ilili¢s, •880 of acc4ss and attract￿•ne&B of tho locfilion
fry par￿¢1panIS from ar014fid bvortd. It must be ack￿W￿￿￿l￿, however. thai we have In)Ae
Optio￿ wrth r•g¥rds to lCrAt￿ due to the size ol eonforèrth.
QontfftLurYJ to dewlap our d￿11•1 plBtlJrm whth Incorpor•la& Ihe c￿TIll•ne& régi•tfakn'on 8y91•m,
¢￿(•r¢r￿e hosknr¥J plaffum aThJ AMEE Jwems
R•9ul4f m••ting8 Wrth ts Pr)l•Mionil Conl•r•n¢• Organiw IPCOI wlh r•g*rd• to m•rk•i
de￿*MantI whkh thjuhj be cornx1•r•d In tm ol a eonleienc•.
lrnurorKe li tak•n rArt to cwi • rnry• ol •Veni￿￿t￿l* th•t may •riM in v•litvJn Io tho •nrxMI
confer•rv.
AMEE F*E¥iou¥ly id•nirf*d • n•ed lo diver*fy Ila irKorne and red(￿ ts religfKg on Ihe anr•Jal
C4nfw•r￿. St•p• •r• b•iry taken to ad¢i••• th• n••d to divw•rfy 4rn1 •h)thd progr•M In th• ¢omlNJ
A• • c￿rItY work8 Intsmotion￿Iy, AMEE N •1 ii•k of curr•nGy fil￿t￿tions P•rtKu￿rtY with r•guFdD to
lh• foreign cwrency b￿k •c¢ount• h•k1. AMEE li ￿r•rtlY ra¥￿ing Iho risks from partKul8r aiea in
ord•rto mitigate )ny irnwGI I migtrrt have.
Thwe h•v• b••n ￿q￿fiel￿ ¢h•ry in Ik• glotql L¥ndfcap• o%*r tho pa8t 12 to 18 morths that ha6
•¢var8¢ly ImpKt•th our eornmuriiy in firancial tenn&. Tth$ in tLrn co¢A1 I￿￿ ￿ a mpaa on
AMEE in Ihe r•xl f•w y•w6. W• •18working on how 10 mitigate thi8.
Plin• lor lu¢ur• p•thl•
2023 G•n•r•l As8embly. il wa8 Q910*¢ 1101 AMEE woulrj be￿)m• an irL>Jrporated clmfily. have workod
hw0 lo achieve this and the ertity o)mm•r¢•d Ir•dirs wlh eff•cl from 1 January 2[￿. Dwing the
cLYr•nt charity wi# bg down wtth all a8Mts l1abillti￿ tran8ferr8d over to thfr new enllly.
Our annual ￿nfaren¢¢ in 2tr2S will ￿ hekl in earcelona, Spain. ThL* th • Pap￿ar venue and h4ve tr•d a hu9e
nLw ol ￿bM￿on5 to lake part m the pwramm• How•v•r. do have lo bo eautK)U5 aboLrt OL¢r
thi• ¢tsrf•rtr￿e- there kna￿ b••n 8wanrf￿nI in woHd Iht past 12- 18 r￿ntho and we have hvard
Ircrn our COMMk￿llY firwn¢i•l pressures. Durw ￿ we wll lake the OFVrtwly lo uThYers¢a
ttms may Impxt ￿EE and how we may bo able to wJpp¢)rt our ttfflrnunily in lutur•.
Wè will conbnue with thge 3 of ow partnarnh￿ with Pfizer and Ikd￿dIe Severd of the parb¢ipllnt¥ liom the
2rr24 L¥Juf5es will undergo fUrt￿r Irainitvj to allm trom 10 faahtate Ihe coursè in I￿r own ￿ntrIeS Bs they have
I¢¢¢￿¢d fvndry In order10 8el up t￿1r ovm o)hort$
We are also wothry to dÈvebp a Cu51om•r RdatiO￿tY Management 8y81em v4tiich will al￿¥ us to iryrove tyjr
Txl#Jn with OLf ¢ommwily. Thi5 will invO￿e mcnthB of work trom both AMEE ana our 6Lwl*rs ￿ 111$ hope(1
w• wdl 90 wrth th￿ ￿￿JA￿Mn ￿.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
GOVERNING COMMITTEE MEMBERS. REPORT (CONTINUEDI
FOR THE YEAR ENDED JI DECEAIBER 2024
8TRUCTUR& GOVERNANCE & MANAGEMENT
AMEE i¥ an ￿inCorpoR1ed charrty and was e*0￿￿¢￿ ai 4 (*aritab*• orgthsatvjn In￿JgUIt baen
tradiThJ a8 an asgxiabon S•plemteF 1￿.
Tho Go¥erThw Commin•o Iwm aro ts Tr￿14•5 ol th• A88ooatsonl that 8eMd dunng t￿ y•ai and up lo ltr* dat*
of *gr•tur• oitr% fiThprKial *atemenls wer•.
Teskl•rtl
r•8id*rti
IRMign•d 27AugL*t 20241
IAppolnt•d 27￿gU￿t ￿24}
IApptsint•d 27 ￿g￿lI 3)24 aTrJ r•wgr•d l J￿Y 20251
Appdrtm•nt ol Gov•mlno CornTrdtt•• M￿n￿l•
A Nominaiiono Commrtlee, apwlntsd by mernb¢r6 ofAMEE. ar• r•8pomibk• foi mmin•t￿M lo fill vacarri8*on t
Gov•rnw Committx. IndiMduAI m•mb•r• muy als0 forward a F•r•on•l noffmmlion. Th• •léctnn of
GoverniThJ Commrtie• rnemtorn ￿11 lak• pla¢8 ai the ann￿1 Gener81 Awmbly
Gov•mlTh4 CwiftYtt•• m•mbw kndu¢Oon •nd trnlnlnq
EE hoo dawlopeé an inbrm•lion pck IDr proyth'v• Govemiw Commrtt•• m•mb•r• lo •l•rt th•m to tt•
d[1￿ of 4 ¢ommitre• rn•rn￿r aThJ lo f4mli•ri8e th￿ wlh lh• of AMEE ITr oid•r io •MAt Ih•m
carryir4 ￿rt th•ir rol•.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
GOVERNING COMMITTEE MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Stat￿￿nt ol Go¥•rnlng Comndll•• [l￿￿r5. r•5ponslbi4ths
Thp Govemir#a Cc4nmlt88 8rÈ we8pon￿ble for pr•paring th• GoverThrs Commrtte• Membern. Rewt and lh•
firwncial stalaments in èccordarKe wilh applKabk la* and u￿*d ￿.￿dorn Accourrtirl Slandards Iunrtgj Kir¥Jdom
G•nw8llyAc￿pt¢d Pr¥Ktrcel.
Trt 14w applicable lo charilh* in So)Iland requires It* GDVBrning Committeo to pi•par• financ￿1 5lalam•rt5 for
•ach fina￿￿￿1 ye8r whth gNe a trua Hnd fvir of th• Bla1• ef affair8 of tho As8oul￿Tr aThl Df tho Incoming
aTrJ oppli¢aiion ofrex)urc•s of h Aswcwlion lor Ihal year
In p￿pa¢[rO these fina￿1￿1 *•l¢rn•nls. the Govemiw Committo• ar• required to..
- aelaL* suilafJl• •¢eour*mo poli¢*s Ind then apply tham coMi*•ntty.'
- ¢b•èrve ltrk• méihods aTrJ WinCiF4•sin Ihè Ch•ritie% SORP..
- m4k• iudgom•rti aTrJ •gknrnat•• th•1 •r• rM•on•bl• ¥nd prud•nt',
. gtal• vkn•th•r •ppli¢•N• ar￿UntIng 4l•ndwd• hv• b••n lol￿w•d, •ubJ•<l to •ny m•l•ri•l d•pJrtur•8 dwd¢••l
&Kplained in th fin•rtial statèmenl$', aTrJ
. prepare Ihe fi￿ncilI •tstemerrt• on lh• o01ty eortern bBIss il li inppropiiate to prawJn%q thBI thanty
will conlirw In op•r•tbon.
Go¥wrir¥J Committe8 ar8 reBpQn81b￿ for k¢¢pwy suifiGknnl •cGounliryJ recoids Ih&l di%cb5e w*h ieason•b
Jracy at any tim¢ tr• fin•n¢i•l powhon ol ltr• A••oci•tion enab￿ thèm 10 Ihat lh• finano
St41emenls comply with the ¢h•rrt*s and Trubto• IrtVO11rnont l&otiandl kl X(k5, t￿ Charit*6 Nuounts
Iscotkndl R•gulalioM )X6 (•• 4m•Tra•dl and Ik• piovi*or* of lh• InAt d•éd They arn al￿ r•8pwbLe h)r
fegL*￿l￿ IM I￿1# of the AM0cl•i￿ and he￿• for I•￿n9 r•asonabl• *•p• pr•v•ntson aTrJ drf•aion
Df fraud and dhor Ir¥ogu*nbo8.
Teport Iva8 approved by Boa¥d of GowrThry Ccfflmillee.
res
en
f3+1￿￿8t %Y25

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNING COMMITfEE OF AMEE (ASSOCIATION FOR MEDICAL
EDUCATION IN EUROPE)
Opknlon
We ha%t a￿￿11ed tho ffinaThcial stètemènts ofAMEE lAs￿￿allon loi M•&"cal EduCat￿n in Europ•I (th•'A66￿1dti0n'}
k>r Ihfy year 8nded 31 L*am￿r 2024 cornpnse the skiem¢N of flnatKial a¢iwrtleS. thu balance sheet. the
statement of cash fi¢w$ or￿ noles lo tho financial 8talem6nt&, InclLhding wgnificanl accouniirvJ pol￿188 fina￿181
reporting framvwod( th* has been appii•d In t￿1r prep8raiion Is applKabl• and UTht•¢J knngdom PttountirvJ
Sta￿81d8, ncludbThJ FiMn¢ial Reporting Slandafd 102 Th• Ftyy•n¢￿l Reporting St•n&ard appl'cthblé UK th7d
puikli¢ ollf•landlUnd•d &neralyAwt•d N£countirvJ Prxticel.
Inouw opnion, thè firw%iNI *•lemenls.
91ve a twe B Trj f&1 of th• ¥t•t• ol the charltykn affair• a• al 31 O¢c￿ber 2024 a￿1 of rt6 incomirvJ
r&wurce8 and applralh?n of r•sowce$, lor the year ithn tsTha•d,'
ha%* teen properly pr•p•r¢d ￿ ￿rdInG• with Unl￿d Kinlld)m ¢3v￿￿11Y ALKepled A￿OUntIng PFadK•.
ond
haw ￿en prepired In accordanco wilh the rèquir•rnents of the Charrt*S Bnd Truthe Inwtm•rt (sc￿1•￿1)
L* and rty4Jatson 8 01 tr• Ch•riii*•Axr•Lrt• IS¢otlindl Ragulations la8am•ndedl.
B•ih lor oplnlon
coTrAKied our aLKIII in accordarc• Wlh Inioinatk)Ml Starnlards on ￿￿l￿n0 IUKI IISA8 IUK)) and applKabie
w. Our r•¢pOntybdrt￿ und•r th￿ el•nd•rd• Mr? fl￿￿•[ d8•crib•d in the Audil•rfa r••ponwbJ"th•¥ for ¢h• 4udrt ol
trle hiiancMI stat•monl8 *￿10n of ¢)ur rèport. We are IndyThJenl of lh• A8￿lation in accordarK8 wilh the othical
requrnment8 IW are rdevort to our I￿j11 of lh• fiMr￿li1 ￿41￿M•nt• In Ihe UK, *Kl￿11n9 th• FRC'• Eth￿1
StJTrJ•rd. and we have frjifillèd our other Ètllcal r•1pM#i￿lit1os in accordanc• with these rwuii•m•nt•. W• b•litr•
thwt the •L*drt •vwJe￿ w• heve obt•iwd 18 suffici¢rt and •ppropnale to womde a ba*8 for o￿n￿)rt.
Cl?￿￿￿￿10nS r•l4llng lo 00kng ¢oncun
In a¢Jlihng the finarKi818tatem•nis. w• corK￿dId tr•1 th• Govfrrnino Committe• momb•ra' Lxe of the going
co￿1n ba818 01 o¢¢tsunlirq ￿ lh• piepar8t+)n olth• fthnGiJl thl•m•n¢• Ya apprcpnate.
gaaed Dn t￿ work we hove Ferformed. we Pove nol ￿en¢l￿ed any Malen￿ Lthx*r¢ginii¢$ ￿1)lIng Ig pvpn16 or
toNliliu* that, IndivtyJLoly or collactively, may UBt 8vJnikBnl dothl on tht AMsociath)n'• •tylly lo ¢orthNe
￿+￿￿rn for 4 Per￿ of al *)•¢ Iwel¥e rnoniho from w￿n iho finar¢ial 2talemenM #1¢ foi iMu•.
Our i•tpor*ibih'ties arn1 the re￿￿b￿rtieS of the Cc4nrnrttM wrth reipKI to goir¥ C(￿cern Jr¢
d￿cribed ￿ th• Mctior￿ ofthiB r•port.
Oth•r Inlormi¢lo
Thfr crth•r inknrmatw Gomprioes the infumahon included in report other than fnarrial 8tglemenl•
•ryJ a￿110￿5 rewt Ih•r&oh Th¢ Goveming Crffimill•• ar• r•spon&b* lor ltr* Olhr irformalion wntain•d
wilhn Ihe ant)Jal ryJtl. Our opinion on the fin8[￿la1 6tai•m•Ns nDt cover the otkwr inforrnation and we oo rnl
exprts$ •ny form of assurance CO￿ll￿on ￿rntsn. Our reSpO￿lbilItY is lo raad other infumabon aThJ. In doirvJ
$0, ¢¢n6thr wtrwltsr ts other Intsm)auon ts rnaterially Incon&i8tent with ￿ firnineial stattmerts or kr￿wledge
obtained in tha eourB¢ of the audil. or oth•r*i8e appear8 l¥ LE maler•lly mi¥¥tot•d. If we idenb'fy Juch malerial
Ir￿On6￿￿T￿los Or appar•nt matenal M￿sta1￿mert$. w• aio r•quired to ￿t￿MIne whether Ihis gNe6 riae to
maténal rniM*tement in thè *4lerr*nts Ihemsefves. If. based on t￿ we h¥ve PErfoimed, we
¢orKlud• Ihai thère is a malarkn81 MI￿tal&M•￿t ￿thIS other informalion, we are r•quw•d to r•p¢rt th•1 i•¢*.
ha¥e nothir¥J 10 r•port in Mgard.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNING COMMirrEE OF AMEE (ASSOCIATION FOR MEDICAL
EDUCATION IN EUROPE)
Maltarl +Jn whlrti w• ar• rnqulrnd to teport ty•x¢•pllon
have nolhiNJ lo rewt in respocl of the followiw m&le￿ in r&al¢on ¢D W￿"¢h th• Ch¥ili88 IScotLgThJl
Ro94thbons 2LW la5 amended) iequre us 10 r4)ort tt) yw rf, inour opirion..
the information gNtn n the firon¢HI ¥l•t•m•nl8 In •tr)y m4t*ri•l wlh th• L>)v•mi
Comm&te8 m•mbern' rewrt,. or
prDpor accowrtkng records hav• t••n k•pt, or
Ihe fThncial atalem•rn• ir• nol ￿ •grwm•rt with accounlitvd r¢¢ord•,' or
w• not rec•ived all the inlgrmabon explanatio￿ we raquire lu our audrt.
R••pon•lbMftIM olGov•mlng Commltt•e
AS •xplair*d mor¥ fLdly In Ih etaI￿*r￿ of Go¥•rr#ng Comminoe m•mb•rn' r•¥ponwbdAv45, thB Gov•mir¥
Committée arÈ r•I￿n*t14 for t￿ wépaiation of th• il¥l•m8rts and lor b•ing 8alIrf￿d t￿t Ihey giv• g
trw4 &nd tslr vi**, aThY foi such In16mal cornrd as the Gov•rrity Committee determim 1$ nec068ary lo ihe
Pr•parol￿n of financial 8lalem•nto thl are Iree from material mi88tatem¢nl, *￿ther due lo fraLpJ or tir￿. In
prepariryd the finan¢*l 51alom•nts. GovemiTrJ C4mmrttee reip)n8lt4• for asseswrg the A880C*tbJn'8 abilrty
to ¢onlinx qomg corKem, dia¢k)*iNJ, •* •pplic•ble, rnatlero rthted lo goiTrJ concwn at￿ using ihè goi
¢ornern baW5 cf accountir¥J LM1fr￿ Ihe Goverrurg Commthe intend to e6ase op6ralK)M. oi havè M e8all￿
a#•rr*I￿ to do w.
Audttofs r￿p￿lIbIlIt1•s forth• audlt of th• flnan¢l41 st41•rn•nts
W* hJv• been appoint•d io al￿￿Or uid•r s￿on 441111¢) of Ihe Charities TrkMl•• In¥•*m•rt Iswlkndl Act
2C£6 4nrJ ¢•port in 4bcwd•ncé wlh Ih•A¢i r*￿varI r•guJotKsn8 m•d• or •ff•¢t th¥•und•r.
Our obie¢¢iv•¥ *• to obtgin r••sonab* aswrnrrte 4br*Jt wtrolhr Ihe finarrial Atsl&mart8 as • who*} 4r• fr•• from
material rni88lat•m•rt, %*th•lh•r to lrnud or •rror, and lo ia•w )n •u4ilor's report that In¢lud•i our opirxon.
Fle4￿n￿ble assurance ig a hvJh 18vel of bLA 18 Trjt a guarantee that an a(*Jit condL*tèd ￿ ateord*ne•
wilh ISA• IUKI will always deled ¥ m*•riJJl M￿13¢0m￿nt wh8n rt exisls. Misstsi•m•rt• •r•o froffl fr4ud or
rror and are Cons￿*re[l matenwl rf, individually or in thé aggr•gai•. ￿Y coukl r••ToMbly b• exp•clqd to infiuenc•
th• •¢(rtwm* dKI&DnBol takgn on Its b•$i$ ollh••• fiMn¢l•l *thlern8nt8.
i ext•nt t• whith wr pioc•dum ¥• eaybl• of d•l•¢iirs irrtyuL•rit*o, in¢ludirva frnwl. is d•taikd b810
Inquiry of managemert 8boLI any kntrwn 01 •uwe¢ied In8tsnco1 of ￿￿￿18￿ce with I•w8 and
r•gulition8, inclLwJin9 GDPFI, heth Jnd ¥of•ty, •mploymonl IBW and fralkl.
Inquiry of managèment a$ to where they con&der Iher* 1$ 4 6u•c•ptibilrty to tr•ua and Imir knowl•d)• ol
¥¢t￿l. ¥Lwe¢ted and alleged fraud miqht OCCL
R•w•w ol any coriespoTrJenc8 wjth r6gulalor6 In¢kMling HMRC.
Chal￿￿•￿ as•umptionsand iudgemenls madtr by manaknwmenl in their wnrfKant XC4Ulllirw
A￿lit1￿j the risk ol managèmènt ov•rrxl• conlroh, incI￿j1￿ 1￿C￿h t•ètiThJ of •nirio& ard ¢tP•r
IL*Jg6w*ni& for appropTolenes5.
Rewew of ar•a5 W￿re ther• is Pol￿tIll of mahaJ•m8nl bi•s, l*ig• 8 w￿ual lrnnBa¢tirI￿ arnl th8
rlsk of uThJisdosed roL4t•J part￿8
P•rforming an￿yb.ca pioceduresto any unu￿1 Irawctions.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE GOVERNING COMMirrEE OF AMEE (ASSOCIATION FOR MEDICAL
EDUCATION IN EUROPE)
8ecaus• of ￿ f•ld in ffth the A6soo8bon operate$ Jn. we *Jontifi6d the followiNJ ar6a8 as kn86 most lik•ly to
have a rnateriwl impad cn Ihe finartial siattm•nts'.
Direct Impa¢1 on firon¢￿1 5taternert&'
FRS102
Chafrties SORP 3)19
HMRC. VATIPAYEINI
IndirKI imprLt on fina￿￿1 BWl¢m•nt8'.
EMp￿ym•n15 laws
GDPR
OSCR
••llh & 5•fr4tyAct
A fwtr*r dewiFIKJn of our responwbililffts Is availabkn ¢n Ihp FI￿nG￿lI Reporting Counc￿8 w8hil• at.. Mps.'Il
ww.fr¢.org ukhudrtor8reswngtsilth•s Th* descnplion forms part of our 8uditor'8 r•port.
Your 8tt*nlion i¥ drnwn lo the fact th81 th• ¢*8rily h•¥ prepaled finarKkil ¥lalem•rt• in accordance wth-kcourtry
aThl Ropornng by Charitse8' Slatem8nl d R•eomrnended pract￿ aPF4icable to chwrtie8 yepariw thèir aCc￿nt6 In
cmrdDnc• with the Fin•rKi•l ReportirvJ Sland4fd aFpIKable In the UK and RepubliG of lJe*nd IFRS 102)" la5
ameThJodl In prefèr6ne¢ tts th•Ac¢owting Rewtiffj by Ch•filié8." Slat•m•ni ¢•f R•¢tsmThnd•d PrgCtKg I$•L￿d
on 1 2005 which referred to in the extant regu￿110￿ bul now been wrt￿￿*&￿n.
has been do￿ in lor t￿ fimncial ￿•1•m•￿4 to piowde a tn* aTrJ fail Mew in accordanc• wth oJrr•r4
GgnorallyAcc•pl•d kcourliry Prnctsc•
UM ol c￿1 r•port
Thi• r•port 18 mad• •d•ly to Ih G￿rI¢￿'1 trLAt•È8, a8 a Lv)dy. m a¢cord4rt* with repLl8knM 10 of the c￿￿1￿•￿
A££ounts Iscoiiandl Re9￿•￿"0n* ￿. Our aujil work ha8 b••n und•rt•k•n To mvJhl 61ale lo the charity,
trul1•￿ I￿1¥e matierg w• are raqLMred l) •Wt• to 1￿M in an I￿rtorI feport and lor no other purpose. To th¢ full¢•t
•xt•nl permittad by *w, WB do rb)l awl Of asoume f68pon6ibilily 10 anyone ¢t￿r than thè cf•nly ard thè ¢horrty•
tru$io9$ a6 • boty. lorour audit work. for thK rerth, of lor IM opinKJnsw• havo lormed.
i*utoryAudt¢rt
ndl•yJ Audlt Llmll•d
oran
on
11 Dudhope Terrace
DD3 6TS
￿25
Find￿Y& knlk Limiled is dwJible lor appJintr￿nI as auditor ol th• Assts¢4tytsn by virtu• ol ils eligik4ily S)r
OFPgirtmer*¥s auditor of a company undor 8o¢lYJn 1212 01 th• Compwl•sNL¢ 20C

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEhlBER 2024
C￿￿￿1 flnancid ￿•1
UnrestilGt•d
Re¥trt¢¢•d Endowrn•n¢
nd¥
lun
2024
2024
T(lal
Tot41
2024
2024
Incom• •nd0Wm￿18 Imm:
Oonalion8 and leqaLI••
4,45)
3,279,9W2
61,297
16.859
244.￿2
255.702
3.279.992
61.297
16,es8
3,124,ffi3
43,644
12,018
other Nome
Total Ineom•*nd
•ndowm•nls
3,3S2,597 244,8W
8,4
3.613,849
3.278,e83
3,172,
3,467,768
133
3.W.341
¢)IIKir •xp•TrJtur•
12
133
T(*al èxp•nditLf•
3,172,
3.467,901
3.W.245
N8t On Irth*•lm•rt•
13
N•1 kncrnll•xp•ndbluMI
I￿,298
150,6671
6,317
145,948
1&,4441
(Xh•r wrAMd gaSb)s and
175.5Cg1
11231
175,6321
N•¢ n￿1￿*￿1 In lund¥
114.789
(So,7￿>
6,317
70,316
11Z,1691
R•con￿￿tI￿ ol lunds:
Fund baknnc•• al 1 JaThAry 2024
2,743,
141,595
44.654 2,930,2C(4 3.C65.376
Fund •131 Lkn¢•mb
2024
2.8&8.749
50.971
3.fJ)J.$25 2.￿.?)9
Gtaièm¢ni of fin•m*l aGli¥iligB irKltsJ06 all gaifW and losses reeognwd In the y•ar. Al irK•m• •NI *xp•n¢lt￿•
dwN• Imm contsnuiThJ ac￿￿$.
T￿ rntes on pw$ 1310 301¢mi p4rt oflh8se firAnc*l 8t&tem•r48.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUEDI
FOR THE YEAR ENDED 31 DECEIIBER 2024
P￿or11n￿¢￿l
Unrn•lrkt¢d Ru¢rf¢t•d En¢JNm•nt
lundi
fun
lunds
2023
2023
2023
Total
Nol•$
Donations leg8cbt8
Ch?rlt4bl¢ aclivii*$
Inv•&merts
Otk*i in¢om*
53.OY)
4S.Ss8
3,124,663
3,124,
12,018
12,018
Total IrtDm• ind ondowmerd8
3,1￿,325
53.¢YX)
45.558
3.278,
3,103,354
261.987
a.￿,341
Olhgi exp8Mdrtur•
12
Total •xp•ndltur•
3.103,354
261,987
3.￿.245
o1in• on irM*imert¥
13
918
918
N•t IncuMll•Ap•ndltur•l
1206,9871
44,654
1ffi,4441
Trnn¥l•r• b•¢w•on fw4Js
115,1071
15,107
Oth•r rwinlmd lo••••:
Oi+*r g*nrflo••e•l
139,4911
N•¢ mov•Thnl In
fJ,231
1193,1141
44,654
115,1691
R•crmdll4¢lcfi ol fvnd•:
baLqncé8 al 1 Jaft￿ry 20fJ
2.720,E69
334,7Cg
3,Cffi,378
Fund ￿1•￿¢•1 Ai 31 D￿•M￿l 2023
2.743.
141,595
44,654
2.93J,3
io-

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
BALANCE SHEET
ASAT31 DECEMBER 2024
2023
Plrl•8
Flxed assets
TarwJi￿a as￿#
Inv•¥¢m•nt•
6.441
21,249
447
17
6,441
21,
Curnnt a*Jeti
Deblo
Calh 41 ts9￿ In hiThJ
18
441,121
3.CQ1,861
3.￿.118
3.532.982
3,879,127
Cw•dhor•: irnounts I￿11￿ du• wlth
•￿T
1534,2481
1896,4841
i ¢LKr•nt 48u
2.998.734
2,99J.643
T+Xal as••ts IM• ¢uvMnt Mlblllll
3,C#)6.175
3.QY2.339
Pnwknloni loi ￿1￿1111•%
14.85))
IT2.1301
3,C(#),525
pLtsI
Endowment g￿r•I
Ino¢xn• lund•
R8strthd fuTrJ*
UnrestrKX•a fund•
,971
141,$95
2.743,
2,858,749
3,OJ),525
2.9>),3)9
Thg ￿ on 13 to 30 lorni part oflh•w *tatèm•rti.
ernirwj Commrttee on TJAwwl

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
STATEMENT OF CASH FLOWS
FOR ThfE YEAR ENDED 31 DECEAIBER 2024
2024
Caih flf￿5 frorn OpW￿n9 •ctMth¥
Cagh ab8orW ty operatK)n
127651
19,ts11
Inv•*tlng 4dlvtll•s
Pur¢hase 0ftaw1￿• fLxed awl•
Purcha&9 ol inve•trnenls
Prc¢*ed$ Ir1￿ di8poqal of in•tm•ftl•
Inv•*m•nl *)¢om• r•¢•i%*d
13.2361
(3)2,2101
1,279.LY42
447
61.297
N•t cMh q•nwatsd Ir(*n Inv•sllng
a¢tlvlll•s
58,Sa8
1,13),$28
N•t cuh umd In Ilnan¢lno *ctlvlll•s
N•t Incr•M• In ¢ath *nd r•¥h •qylV•1￿10
55,743
1,110,835
Cosh and eash •quvalents at b•ginn¥vJ ol year
3,036.118
1.9Z,283
¢••h and ¢a•h •qulv4lmt• at •nd ot
3,091,e61
3.036,118
The rola pa9•• 1310 30 lomi part ofthts• *at•m•rt•.
12_

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ountlTrq poucl
ch•rttylnlom￿Ion
AMEE IA$6￿1￿1hL￿ for Education in Europe) li a charAy regi￿tred in s￿tknnd. prirwi a(>Jr•
Is Unit 3.1, The Mdl, 34 CommerGial Slreel. DuTrJee, DD13EJ
1.1 A¢￿u￿tIng c¢xhv•Dflon
fina￿81 s¢al•rnent6 hav8 b68n FyÉparÉd in actr)rdarK• wth tho AswJoat*in's comtitulian. th• Charrties
and Trwt•a h￿SIMent 1S¢oii•TrJl Ao* 2LM)5, t￿ Chairtk* knunls IScotLqndl Rogulaknor￿ 2l￿ la•
amnd*Jl. FRS 102"The Financlai Reporting Siandard applicab￿ In tl* UK arKI Republ￿ ol irn11r￿. ITRS
102'14TrJ th• Charitiè8 SORP'A¢¢ourting Reporting by Ckorrties. Stalement of R¢¢omrn*nd•d Pra￿1¢t
apF4taèlo lo ¢harrtJè$ w•panng I￿1r 8c£ounts ￿ a¢o)rdarK* wilb Il* Financral R•porting Standard
￿p￿*￿ts1¢ In th• UK pnd Republic of lièland IFRS 1021" leffe¢live 1 JDr#Jory 20191. The AJsociotion
Publ* e•n•ft Entity as defined by FRS 102
fn•n&al 8tat•mtffrts af¢ w•par*d in *erh"rvJ, whKh ￿ tha lunclior•l currerw of kn¢￿1￿)n
Monotary amount• fin•rtl•l *4t•rn8ni84f• round•d lo th• n•gl••t £.
T￿ fimrtial atstwp•rt• hDve been prepar•a wder Ihè ￿.￿o[le￿ co* conv•nI￿. wirK4pal a¢counti
poh'¢w •d&k4•d or4 b•lDw.
1.2 Golnq conc•m
Ihe tme of •pproMno Ihe fin•￿1•1 •t•tem•rts, the Go¥orThng Cornmrtt•• ha¥• a rea￿n•t4• •xp•cialion
thai A880oblk)n has ad?4￿10 r••oure•s to cortmue in op•ralional *X￿t•1￿• ksi th• for•8eeat48 futur•
Thus tha G¢v•ming Commiltm oJntinu• lo &lopi its gciryj ￿￿¢•￿ ol thc¢¢urtiry In Frep41irvJ I
finanthal Slal•rn•nts.
1.3 Ch•rft4bl• fund•
ljnr•￿rlCt•d lundi •r• •v•iL•bl• lor LA• •1 th• dAcr•tnn of t￿ G￿rnI¥4 Commrtfv• In lurth•rin¢• ol th•ir
charrt•bl• ¢tyJwAw¥.
Reg¢ricled fuTh18 8r• wbi¢¢i lo JpGific conditions by domrs or granlors a8 lo how tt￿Y mgy b¢ ujad. Tho
purpo•eg uw• 011￿ I￿¢r1￿•d luTha4 ar• Set out in Ihe to lh• fi￿ntial ￿•1•M•￿18.
Endowm•ni ar• wJbj•ct to gpecrfr by donorn tmt thè ¢aMal MU￿ b• mairtt&n•d ty Ih
1A In¢¢m•
I￿￿0 16 recL¥Jnised when the Association Is legally enuued io il aft•r any porforTTIL4nce LxJrNJIIK¢A b&tn
me¢. the amwnl8 can be m•a•LLrgd rd13tr1y. and 1115 piobabk th* ino)me wll ￿ received.
Cash donaiiorn are recognL8ed on rKepl (Xl*r ¢JOna*0￿ are remnised once Ihe AsteeAii¢)n t4en
ry0b'f￿d of Ihe donation, urles$ pertoirnan¢¢ GQndrtior￿ require delerral of Ihe amourl Income Iqx recoveiabl•
relation to fftc•Ned undei Gift daèJ8 01 cowenaTht M recogni8ed at lh8 time of donalv)n.
Legacios are recogri6ed on ie¢Èipt or otlE¥wi% rf Ihe kws ￿en notified ol in smp8Thaing
dr8lributvJn. Ihe aM￿t Is krKMn. and r•e•pt is •xp•cted. If Ihe amount Is rKIl kTr)wn, the l898Cy 18 treated ai
an￿r¥jert ass&t.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR ThfE YEAR ENDED 31 DECEMBER 2024
A¢¢0￿￿￿ poMd•s
l¢ontlnu•dl
1.S ExwMIIIui•
ExpeThJrtwe 1$ remnised on¢e ihere Is a or construdve Obl￿at￿n ta transfer ecommic lo
third party. il is probab￿ Ih8t a Iran8f¢i of econgmi¢ berÉfrt5 wll be r•qur•d in ￿ttIernont, and arnount of
the oblvjabon can m•&•ur¢d iebably.
Exp•rtdrturg i* classfiod by activrty. cos18 of each activity are made up ol the lolHI of dirrfl costs and
shared cosls, itxlthiw wort illvol¥ed in U[￿erta￿l￿ eKh athiwity. ￿'rect cost5 a11ributa￿e lo a &ngle
actsvity aro alkJcal•d dir•cUy to that gthwty. Stroi•d costs whch contrib￿• lo moro thAn or* activity and
wpwrt ¢ost3 whiGh are not attrib￿at18 lo a sir¥Jle adwty •r¢ )pportbr*d btheen th0￿ aaivii*$ w a tya•i•
cOnW￿+nt wilh Ih• UB• of re60¢Jc•8. Centrd staff co8t6 ai• •lb¢st•d on Ih• b•w• ol tIM• wnt, and
4JewKiation ¢h•rgesare allocated on th¢ pOrt￿n of Ihe assd's u8e.
1.8 T*ngbbl• Ilx•d a•••l•
T*W1b￿ fixed a59915 ar• ir•lially m•asur4d at cost gnd rkthu9￿l1IY m•48ur•d * ¢O•t tsr v•lu•h¢n, Mt of
depreciats'on any Imwirmern108•ei.
0opr6cialw fv r•¢oJnwd 40 as lo wrrto off ts co•t or waluAtion of AM810 la•B Ih•ii I••￿￿11 valuèi tP*'r
u$èlul Iiveb on ￿ f£4￿3w1rQ tsa8e8'
Equipm•nl
birt•
4 yuri •traigfrl lin•
4 y•&rA & 3 y••rn •lrai9N linè
The goin or lom •n•iw an Ihe diipoul ol in a88et 18 determ￿ed as Ihè differe￿ lh¢ proc8ad•
4ThJ th• ¢Arryirtg Y4kJ• ol lh• 4•••t. and i• r•cOgn￿••0 ￿ th• •talém•rt èlf¥)•noal •thvrtbM.
1.7 Flxed aM•t Invutm•nti
F￿e1 awt Inv2*men15 ar• irttially me48ured 8t trnmaclw prk• 9x¢￿Ing tr•n•Ktson colti. 1Th1 ar•
•ubwqugnlly meas¢￿￿ at fair ¥Au6 at aach roportiry daté ch￿nge8 In lair valuè ar• *•¢ogn*•d n n•t
Irrtom•llexpeTrJrtuiel lor ¢h¢ y¢•r Trnnwlion Costs ar• expénsed us Incurred.
1A Imp•bnMnt ol Ilx•d •i•et*
At oaeh i•p¢rtin9 •nd dal•, tho Aswthalion f•¥￿& lh8 carryiw amount6 of itrts ts*YJibl¢ as￿1# lo d8twmi
whBthBf there Is any I￿j•C£t￿ th8t thxe 08e¢ts have ￿led an mpoirmeni lo￿. M any ￿¢h iTrJi¢aiKtn
e%Bt8, the recoverab￿ amount ot th¢ a$s•t IS ￿l￿Ated n oidef lo delefmir* the emlert of the impoirm•nl
lo￿ Irf any).
1.9 Cash Ind ca*h •qulv•l•Dts
C88h and ea#h equiY4lwrts itlud• c••h ITr fqnd, depoBit8 held at call bath. oth8r el￿-t￿n
Inves¢ment¢ wth ¢x*ir41 ma(Urrt￿8 01 th[￿ monlhs or k•$. bat* ovwdrats. Bat* o*rdraft6 are shown
thin borrowings in cuffent14qbil*it8.
1.10 Flnanelal In¥tNrnents
Tt* ￿sOcial¥)n h8¥ eleG18¢J to apply Ihe provi*ons of Seclion 11 '898K fInar￿jaI Instruments, SecllDn 12
'Olher FirnnrA41 In8¢iurnertB188ua•' of FRS 1￿210 811 financial in￿ruMentS
FiMnoal inalNm•nta are recogni•ed In the Pa*GkltionS balanL% &he6t when the A2eccKrytKsn beGomes party
to cortractual provi$iorrf6 of inslrumenl.
Fir0￿al assets Ik4bilit*s are olls•t. w*h th• nli amtsunt$ pras•ntsd in finartial &tatkm*nt%. wt•n
thare is a kgally Énf¢i¢¢)bl¢ ngN lo %1 off Ihe rwnwd amounts there is an to se￿• on a Thjl
ba￿$ or to reo1is* th• •$s•t seilbthe liabilty slmultareou￿y.
14

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO TrIE FINANCIAL STATEMENTS ICONTINUEDI
FOR ThIE YEAR ENDED 31 DECEMBER 2024
A￿OUntIng poud
8a&c finarri￿ 884ets. wlNch debtors cash and ba￿ bal8rte8, are iniliaMy meas￿ed
tranM￿On Price ￿¢11￿11￿4 ts8n5athcn cos1$ and ar• sUb*•qU•n￿Y carried at amorti&ed w6t U￿rg It* effect
irtwe•t melh)d unless th• arrangement con8titLrtes a finoncirYJ t18￿&4)n. whtre th¢ irnnsa¢¢i)n is
mtabwed at prÈ4•nt ol the ILrtur& receipts di¢¢4sunlpd ai a maiket ratp ol Inlere4¢. Fina￿al aswls
ehiwfi•d •• rK•iv•bkn wrt￿n on• yaar•r• Mt an*41Md.
8••1¢ Iln•nGlaTll•blllll
Bbtyc financial li•bililM, Ind￿1r¥a c¥•ditor% ￿nk knans arn inrtially ¥ocogni88d al tran￿¢tIOn pri¢•
Ihe a￿ement cons￿lUt￿ a fina￿lD9 transaction, wheie ¢Jebt in8lrLmenl 18 m•a8wed al thè ptèsent
¥91￿ of lh¢ payments discounied ai a mark¢i 14le ol irteie51. ￿1￿.11t1eè as payablp
wrthin on• ymr •r• not smo￿$9￿
D•bt instrum8rt8 ar• •kkns•qwntly ¢•Ni•d al •m4xtig8d ¢OBt, uBing th• •fI•￿'¥• int•M8t r•t• rn•ilv)d.
Trade ¢redlor4 gre obligalionB 10 p8y otstsd8 or ￿￿1¢￿• tw htyv• b*n •cquir•d n th• udiwy of
operat*￿1 from wpptser8. Amounis pthyable are dassthed as C￿￿ent liabilrties rf payment ￿ ¢Jue wlhin one
y•ar er Jou. Jf IhEy 4re piomnlod a• non-cwreni habilil1é8. Trndé cr•dilC¥S aré rècogni%•d 1Th￿￿11y al
tran￿¢bI)rt pric• oTrJ 8ubgequ•nlly Maa￿ed at ¥m¢rti￿￿ ¢o•i th• •ff•￿¥• rt•r•* ￿￿tly)d.
D•r•¢oinlUoh ollln•Trdalll4bllltl•s
Financial &8￿.111188 are dÈiecoonis•d wh•n lh• As9o¢ial￿n,O contraclual ot￿19•110n8 •xplr• or are diac￿r9ed
orrnrr•ll•d.
1.11 Provlslon*
Provr•Ksn• •f• r•ryiniwd wh•rs tha AMoC￿tion ha• • l•gal w Cor￿lUCIN• pr•a•rt 0￿1••11￿￿ # a r•iul Of
p•* ew•nt', rt 11 wobknlB that tn? ￿¢¢la1￿1 ￿11 t¢ requir•a 10 Ihat oDiigbI￿n aTrJ * reliabb e5Irnai•
n be mgd•.
Tha amoutht ¢•¢¢gni•ed i• the belt •Jtimat• of eon*d•MliDn requir•d to th¢ obh#Ji*n •1 th•
r•p)rting end dal•, iakry irto 4ccount all risk& Lmcerta￿l1QS
1.12 EmWoy4• b•n•fft•
Th cost of ary Lmu6•d holthy •nlld•m•rt i• ro¢okri•od in th• ponod lh• •mplOY••￿ 8•ryicq• ar•
recewe¢.
T•miMi#Jn b•nefts are recogni￿d immedialÈly •$ an 0Xp•￿ wh•n ltr• Aw¢iatb?n i¥ d8morAtiJbly
mmrtted lo terminate Ihe •mpbym•rt of •n •mpl¢y•e or to WOVKle t•minlion b•nefils.
1.13 LeaBeB
RoNil$ payable uTrJer operaliry l•a8e8. I￿&*jing any lea8è ￿¢¢n￿¥¢I re￿Wed. afe ¢harge4 ai ￿ expense
on a slra¥hl liThB ba*s over th8 lerni ell1* re￿varnt JÈage.
1.14 Fordgn •xch¥
Trnn$a¢tio￿ In ¢w1•n￿•S other than pou￿5 8¢ertirwJ are recorded at rates of exchange pr8vailing at t
dates ol lrnn6aL*ions. At each reP￿tIn9 end date. fflonetary a55ets aThJ liabi1rt￿S Ihat ore denominaled in
for•ign currer¢ies ore I￿4n￿at0￿ 01 Its rai•s prtsvqilinq on t￿ r•k*Jtir¥J end dat•. Gain8 and 108Be5 ar￿
on Ira￿allOn Inthe Fer￿d art included in proft or kn8

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEA18ER 2024
Crhlcal accountlng eatkhwt•• and Judg•m•nts
In the appbcalion of the A6s0¢4at￿nj 8ccountsw pK4ic*es, the G0￿Mi￿ Committee arè req￿red lo make
jLvJg¢mÈntS. **imat¢s aF>J a5￿)FI￿5 aboLrt the carryiry amount of a6Éets and Iiabrtitses that are rK)I rwjily
apparent trom olher wurces é8*'mates aThl asscei8ted as*L￿￿tI¢ll1 are baoed on ￿.$10￿¢&1 e%wiefKe
and Ot￿r factois IIMI are con&iKlpied lo bp ielwart. Adual 105ulls rnay drffer fiorn these emimatas.
ThE eslirnales aTrJ underlyjng ?wmptions are reviewvd on an oruoiw bas￿. Rewsons lo accounti
•6tsmalK grn r•¢ogniséd in the penlxl In w￿h tho 06limate li r•vB6d where th6 r6wi*en all8ct8 ￿lY that
per￿, or in lh• p•riod of the r•v13￿n and ILrtwe period8 wtsie rewiion all￿ts b)th oJrr•nt lutur•
p•rKds.
CMe41 Judg•n*nls
l*rnGl•Uon
TAwbl& fix•d as*•is •r• d•prKialgd ovgi a penod lo ronlct 88limal*d u*tul liv88. The applicability of
the amumed r•wew•d amually. ta￿rg Into accourn fakW• ai phy￿Cal ¢￿dI￿on. maintenar
Fix•d a•#tt• lie aBs•s•ed as lo whèlh•r Ih•r• are Indths ol irnpairmarrt. Thi$ •M¢ssnwrt inwjlves
oNd•rabon of the eC0￿MiC vil￿.111Y Of￿ wpoa• fty whi¢h th• oM•l r* uwd.
Allo¢a¢lon ol I•41￿ct•d costs
Expendlure 18 ￿k)c￿led towa￿& It￿r￿lIa on dir•cl ba•M . •t4ff l￿d olh•i cenlrnl r•l•ta to
mLAtipk8 r06tnct¢d fvrA1•. th•￿ ar• •thmat•d ind opplied on & p•rcent89¢ b4¥• which i• r•Jwabty
fefrtive ols¢•lt r••Gur￿$ expended.
c￿￿11t10￿ ofVAT Pro￿*10n
A provl*on has bean recogrnwd for polort￿l VAT penany li1kn1rt1è5 br L418 payment of Iiabilili8a whth •ico•
in du& to non-r491￿￿11)Tr wlhn th UK. The è•timAt• 18 t4*•d on 100% of Ihe lat• Iwbbilrty 4u•.
18-

111- 31

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
In￿x￿ Irom ¢h•rtabl• *dlvltb•
Lknrnfjtrfct￿ Unrnstrfet•d
fund¥
lunds
2024
ConkieThx irtccTh•
Membernhip le•¥
Modwl t•a¢he¢
ESME ourn•
ASPIRE
2,&39.152
242.&80
2.6￿.725
174,STJ
75,C
187.VJ5
21,250
.110
27,850
3,279,*2
3.124.e63
Irbeom•lr£¥n Inv•stm•nts
Unr•strtct•d Unrn4lrtct•d
lunds
fundi
2024
In¢ome from li•t•d inv•otm•nl•
Ir*w•*t r•e•iv•d
61,297
13,1S
61,297
Olh•r In¢om•
Unr•strf¢t•d Unr•Mrtct•d
fvnd•
2024
2023
Mi*cdlorbwu$ Ir￿orfi•
PthIKiliona and 9￿deS
Royal*e8 rKoived
2,696
14.162
9.649
16,&58
12,018
18-

12¢br
$3
¢y Tr-
e£4aL

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payatrd•
2ts24
Grprts to In¥￿t￿￿on•.
FacLAty d•wbpmont or•rt
Royal Colkng• of ￿￿￿)n5 in Ireland
24,979
24,979
Grart• to
33,539
4,246
56.518
6,181
Chartta￿& (brarts w•r• m•d• lo 6 lTrJividual812023- 8 indi*idual¥l.
and qov•manc• costi
Gov•rnane•
2024
1023
Aujit f••$
2),180
20.160
X,1eo
20.160
C￿n1￿bI& ￿ti￿￿•s
3J,180
20,160
Gov•m1￿• rK41s IrKluth pa￿ntS to the 4udilor9 01 £20,160 IxirJ- £22,2CQI foi•udll l••s.
10 Gov•ming Cornmltt
Fow Il* EY•culiv• C¢rnrnine•w•r• itrinbL4s#d Iravd ar%# mIsc•lan•￿$ experses am￿￿n￿[la to
£16.20312022- Ihr•B• membgfB wer• reirnburo•Y £15,128)
Tr
ctior* with Trurtp&?
NJm•
Amowl
Tr￿￿ction..
Awa￿ ￿nze knney
No members received r￿￿erat￿l in Ihe year,
?o-

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR fHE YEAR ENDED 31 DECEMBER 2024
11 EMPLO￿
a¥erage rnonlhly ryjnber of eMploy￿S durw Ihe year wa8".
2DZ4
Numbvr
2023
Nwnb•r
14
14
Emplo>rnt ¢o•t•
2024
202a
9•$ 8TrJ Ja￿n¢•
S￿.￿1 8è¢urily tr)•t•
Other p•Mion
662.4
56.073
26,4Wd
s￿.$29
52.261
21,C80
743.971
R•dund•rKy Ind i•imin•iipn yymgr4Btot•llry £25.789 w•r• rnad• in th• r•p¢rtty p•n¢d,
Th• n￿nb•r 01•m￿0Y1e1 annual remuneralon waJ rnor• Ihan £￿1.(
2024
Numb
Numb•r
£1￿,[0) to £110,¢X#)
Il•nwn•r*kni Oik•y mm4g•mwt p•Thonn•l
T￿ remuneratKfi of key managemeni perJonr*l Is as follow•.
2024
2023
Jregète MMF•rwJa￿on
352,448
321.024
12 Olh•r •xp•NIIIuM
Endowmwrt Endowmen¢
lunds
nds
2024
Fw*nciNJ eo*ls
21

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEAIBER 2024
13 and loM•i on Inv•itrn•nts
Unr•atrfct•d UAr•itrlct•d
lunds
funds
2014
2023
GairAlllo$4$1 ariwng on..
of nvestrnetNS
916
14 Tax*lon
¢lwriiy Is ¢x¢mpl fr￿n loxation on i1• becEI￿e all *8 1￿me 51 app4ed k)r clwitsble purpw•.
11 (Xh•r g•lns and 1061•4
Totsl Unr•*r￿•￿ R•*rf(a•d
fund#
runds
zo23
ZD13
Toial
nds
ZQ24
lund*
2023
For•ban exC￿ThJe
175,5091
11231
175,8321
139,4911
139.7251
16 T￿01￿1• fix•d us•l•
Cost
At 1 Jamary ￿21
Addib.
thsposals
81.3)4
145,
162x6
162.X¢l
At 31 O•c•mb•r 2￿24
2334 E4,286
O•prnclatlon •nd ImWnn•nt
At 1 Jarvjary 2￿24
DePrethat￿n charged In the yeaf
iminated in resycl of dispoMIs
80,042
2,070
162x61
124,341
18.044
162.X61
15,974
At 31 O•C￿b￿r 2024
I9.￿fj
eo,273
80.179
Carrhlng amount
At 31 Decem￿r 3Y24
4.013
6.441
At 31 Oewber 2073
19,988
21.249
22-

AMEE {ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR ThIE YEAR ENDED 31 DECEMBER 2024
17 Flx•d ass•t knv•stm•Thts
Cash In
portlollo
Cost or ¥aluallo
l Jar￿ry 2W24
"W9als
447
14471
31 O•¢•mb•r
Carrhlng amtyj
31 O•c•mb•r ￿4
31 O•cembor
447
18 0•1
2024
2023
Amwnl• l•lllng dut wthhln on• y•ar
Trnd• d•btor•
01￿1 d•biors
Prepsym¢rt$ aTrJ aGcru•d incom•
25,541
141,C64
274,526
51,889
157.752
441,121
l• Ci•dttor•: •n>)unts t￿Ing du• wlthln ¢rt•
2024
Not•1
Othi taxat￿￿ and sccwl 38currty
Qeferred income
Trade ciedilor6
Othel credrtors
Accruals
12,7J)
21
740.642
34,012
I6,￿>
9.150
49.719
45.1
534.248
-23-

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Provlslons lor Ilatyl*l¢s
2024
4,650
72.130
Movem•rt$ on
At 1 J4TrJgry 2024
R•V•￿al ofprowgon
72,130
167.4801
Al 31 D•￿mbar
PMvlsbon for VAT M*lAlbtl•
Aprovision h•1 bmn r•o)gni68d to lor VAT pv•ly liabllitK*• r••ulliw from ron-r•ghtr•O¢n In YE23.
21 D•f•rrqd Inw
2024
2023
Clher delerred income
740.842
D•f•irnd in¢om• 1$ in¢kAlod in fiMnrAal stal•rn•rtB a8 foll)w8'.
2023
D&f•rr•d *xom• i• In¢lh8•d within
Current Iiabill
740.642
Movemerlty in the year
Daferrèd itom• al l January 2024
R•L•istd Imm pemd¥
Rowixces delerred Int￿ yaar
740.642
1740.6421
446,Cfj9
i&s.wi
740.642
D¢fwrt¢ wKomt •131 De¢eMber 3T24
740,642
DDferr•d ncome comprises meMberS￿"P fees paid In *lvance and $ranl I￿orne In respeLX ol lutLxe
-24-

sg

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 un￿strfC(ed funds
Thb uNestnded frJnd80fthe chBiily compn8e unexpended baknce8 of donabcns and grnnt8 Whith ar•
not 8ubfrect lo coNlilionJ by dontsrs gr*)ttsr8 a$10 how thèy may bè used Thesé Ind
dèiffjnathd furMl& whch havÈ been asKI¢ 4YJt of unrestr￿*￿ ￿fid& by the InJ&tÈe8 for purposes
At 1 Jatsuiry
R•sourc•i
oure•* •xP￿dad
Tran41•rs
¢Jalns
At31
DK•mb•r
2Q24
Gemrnl frjnds
2,743,WJ
3.362,597
13,172.2991
(75.5091
2.858,749
pr•￿￿8 swr. At 1 January
2023
In¢On￿ng R•wurc•s
eXF￿￿•￿
Tr•Thifws
G￿n$ and
At31
100s•5 O•¢wnt*r
2023
Gen•r¥l fvnd8
2.7X),E69
3.180,325
13.103,3YI
115.1071
138.5731
2.743,
24 Endowm•ht lund•
EThJowrn8rt funds r8pr8s4nl assets which mu6t be ￿ld permanertly by ¢hO Ass￿1￿￿￿. Incthm• arl*w on
the eThlowmonl fund8can ba ua•d In wrdarK• with the obJecl8 olthe A8aocKrytion ond 18 irKlud•d •
unre•th¢led Inwmo Any ¢awl•l g•*• ¢r loM•s4n•ir@ On It• a4818 lorm part ofth• fLnJ
Movenwnt In fund•
••lwc• *
•xwd•dl J•nuary2•24
IrKomlr
I JMu•ry 202a
•Ap•nd•d 31 D•E•rnb•F
P•rmw*•nt •ndowm•nls
Ronald
H•rden
ScholBrthp
FuTrJ
45,558
19)41
11331
,971
45,558
19J41
6,49)
11331
9),971
RoA*ld M Halll•n Scholarshlp Fund
Thm trndowmért fL*¥J wa& set up in year to wport a scho&rtship award for an except￿nal slLklont or
po*JradWe 1rn1rno 10 èryage In a project on heatth profes$4ons fjdu(aikJn. The aalance & yet 10 be
irNe61e4. A Steenr¥J Comittee was Sel up to ￿M￿at• polic1•6 reg•rdry I￿•tment of the fvTrJ• to
devdop the process lor selectin9 award recipients
28_

AMEE {ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
20 A￿lY5)S ol net asset5 bdwetn fvnd¥
Unreltncttd
Rutsic¢•d EndvNnKlni
funds
funds
2024
2024
Total
2024
Fw)d balan¢•8 at 31 0￿•mb*1 2024 ar• v•pr•s•nt•d by.
TantNbk as6eis
6,441
Currert 456elsll1ia￿"1t￿>
2,856,958
14,6501
6.441
I￿,￿4
14,ffj01
).971
2,&fj8,749
S).971
3,OU).525
UnM•lrtd•d R•strI￿•d EndwnN*n¢
nds
lunds
lunds
2023
2023
2023
Tat
201J
Fwid At 31 DK•mb•r 2023 ar• r•pr•Mnt•l by.
TgThJibh7 a88•1•
21,249
Invostmtrrfg
447
2.794,394
172,13Jl
21,249
447
44,654 2,98),643
IT2.1￿)
2.743,9
44,654 2.93J.X
26 0￿￿ting loase comm￿Mert8
T￿￿ opgrat¥vd l•A*g r¢pro8ent k888s of pr¢mlse$ anol equlpmert
At feportirg aid 4at¢ Ihe Auo¢+alion W oul814rn1iry ¢tAnmrtm¢rt$ for miThmLvn kn88e payment8
noer Don.￿rK•I￿obkn operniing ￿a60*, whKh l•V dw as1oll)￿".
2024
2013
Ihln om year
B•iw••n and y•*rs
10,370
2,310
41,550
12,680
41,&9)
L••sor
Th operatfft9 lea8e8 represent lea8e8 n resFeCt of premise8 arKI equipment The1oaBes aro ntyctialod ov•r
term$ of 110 3 years.

AMEE (ASSOCIATION FOR MEDICAL EDUCATION IN EUROPE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
27 Ev•nt$ aft•rth• r•poblkn9 d•1•
Post yeai the tiU8tee8 made the decisi¢￿ to cartel Ihe 0tt8wa Conference whth was planned lo take
p*ce In t￿￿90. o￿t￿&s￿nI are $till an9L¥ng regardirwJ the po•rtvJn ol depo$4 paid lo th¢ ver￿￿ ar
tlweftsrfr an ￿1¥￿*t0 of fi￿n￿lI lo￿ i¥ r#)1 certgin al present.
28 Rdat•d wyirnns*dion$
Trnns•cllLY*• wmh r•la¢•d yrtl•s
During the year theA82ocinuon éniwad INO follow￿9 transact￿n$ with related Part￿."
N•m ol RP
Naturn ￿ RP..
ero
Ekniir¥J Ihe yL'd.'
•dminisrraiiDn wor
i.ceived r8munw¥lion 01 £16,37513)23- £3.840llor
carn•a OLA on ￿h•Ll￿ I￿A*Sts¢￿t￿n.
Th& followirvJ ￿M0￿$￿er• 0￿•10ndIng ￿ tho ￿portIng end da*..
m• ol r•lated p•rty.' AMEE. The Irtwnal￿I Awici&lKJn lor Hèallh pro￿￿onal Education LTD
Natur• of t•Wed party.. Common Conirol
B11￿c+ Du•:
£S1,Cn)12023. £Th11
29 C•sh g•n•rat•d tr4%n op•i•tlon•
2024
2023
SurFluslldetsitl fow th• y￿r
14S,948
183,4441
JU￿rr￿ntR lor..
Inveslmenl irKom• r•cDgnl8•d In stalemert of fi￿n￿al acti¥1lJ88
ForevJn exthaThJe differertes
G•in on dMPO￿ of Inv••tm8nl•
DèpreGiètKn aTrJ irnpawmenl of lank1b￿ fM•d awls
161,2971
(75.VJ21
143,e441
I￿,725)
19181
32,782
18,044
Mov•m•nts In working caprtal..
Dacreasellincreasel in d•b¢ofS
IDecreasel in cr*Jitor8
Increaseldocrvagol in pr¢wiÈior
IDeu8a8e)lirKre8se in defer￿d I￿orne
401,88e
169.6631
167.4801
1294,573
IS74,
124,5101
72,1X)
654,JJ4
Cash •b•orb•d byop•r*loni
12,7651
19,6911
Xl Anal￿1# ol ¢h•ng•s kn n•t lund•
Th• Asso¢i•l￿n had Th) matorK41 debt durinll the yeai.