LIVERPOOL MEDICAL INSTITUTION
The Institution was established for the cultivation of knowledge in medicine, surgery and the collateral branches of science, together with the maintenance of a library.The Institution was established as an association in 1770 and incorporated under a Royal Charter dated 23 June 1964.The principle activities are the library, lectures and meetings for members and conference activity.
Objects
THE CULTIVATION OF MEDICINE, SURGERY AND THE COLLATERAL BRANCHES OF SCIENCE, EXCLUSIVELY, TOGETHER WITH THE MAINTENANCE OF A LIBRARY.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £25,221 for the year, resulting in a decrease in total funds from £451,872 to £426,651. Per the trustees' report, the charity operates a defined contribution pension scheme and has no restricted funds, with all resources held as unrestricted funds.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- Derek Grenville Machinchair
- ANDREW CREE SWIFT
- Andrew David Baird
- Dr Willliam Taylor
- Professor Malcolm Gracie Semple OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £159k | £184k |
| 31/12/2023 | £115k | £229k |
| 31/12/2022 | £142k | £352k |
| 31/12/2021 | £222k | £316k |
| 31/12/2020 | £460k | £394k |
Common questions
Is LIVERPOOL MEDICAL INSTITUTION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £25,221 for the year, resulting in a decrease in total funds from £451,872 to £426,651. Per the trustees' report, the charity operates a defined contribution pension scheme and has no restricted funds, with all resources held as unrestricted funds. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/09/2014 | £6k | "Then and Now: Military medicine 1914-2014" |
| The National Lottery Heritage Fund | 04/01/2001 | £46k | "Liverpool Medical Institution Book Conservation Project" |
| The National Lottery Heritage Fund | 25/03/1997 | £674k | "Liverpool Medical Institute Restoration" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £4.0m |
| THE ELWYN THOMAS MEMORIAL FUND | 1 | £419k |
| ASSOCIATION OF NHS CHARITIES | 1 | £137k |
| MUKUL MADHAV FOUNDATION UK | 1 | £36k |
| THE EMMANUEL KAYE FOUNDATION | 1 | £30k |
| PHILIP KING CHARITABLE TRUST | 1 | £18k |
Charities like this
- THE NORTH STAFFORDSHIRE MEDICAL INSTITUTE LIMITED
- THE BIRMINGHAM AND MIDLAND INSTITUTE
- THE LISTER INSTITUTE OF PREVENTIVE MEDICINE
- PENINSULA MEDICAL FOUNDATION
- TRUSTEES OF THE LONDON CLINIC LIMITED
- MEDICAL INSTITUTE OF TAMILS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LIVERPOOL MEDICAL INSTITUTION | £159k | — | 0 | unclear | — | no doubt |
| THE NORTH STAFFORDSHIRE MEDICAL INSTITUTE LIMITED | £474k | — | 0 | within | — | no doubt |
| THE BIRMINGHAM AND MIDLAND INSTITUTE | £209k | — | 0 | unclear | — | no doubt |
| THE LISTER INSTITUTE OF PREVENTIVE MEDICINE | £694k | — | 0 | unclear | — | no doubt |
| PENINSULA MEDICAL FOUNDATION | £476k | — | 0 | unclear | — | no doubt |
| TRUSTEES OF THE LONDON CLINIC LIMITED | £188.1m | — | — | unclear | — | no doubt |