THE MEDICALERT FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a loss of £47,071 for the year ended 31 December 2023, a reversal from the previous year's surplus, principally due to increased spending on interim senior management and operational strategy development. Per the trustees' report, free reserves stood at £1,453,287, which the trustees consider equivalent to outstanding property lease costs plus 12 months of other operating costs less deferred income. The trustees identified sustainability in membership and product income as the key long-term risk to the charity's viability.
What the accounts disclose
“The Trustees agreed that the level of free reserves should be at a level equivalent to the outstanding property lease commitments, plus 6 to 9 months of other operating costs less deferred membership income.”
Leadership, per the charity’s website
- Ian Fleming — Chair Trustee
- Dr Masha Finn — Vice-Chair Trustee
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (10/03/2016)
Trustees
- Ian Flemingchair
- Carolyn Heaney
- David Churchill
- Herjinder Cleaver
- John Tennent
- Maria Finn
- Nick Burbidge
- Nicola Fickling
- Roma Grant
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.5m |
| 31/12/2023 | £1.4m | £1.5m |
| 31/12/2022 | £1.4m | £1.2m |
| 31/12/2021 | £1.3m | £1.1m |
| 31/12/2020 | £1.5m | £1.1m |
Common questions
Is THE MEDICALERT FOUNDATION financially healthy?
The accounts state that the charity reported a loss of £47,071 for the year ended 31 December 2023, a reversal from the previous year's surplus, principally due to increased spending on interim senior management and operational strategy development. Per the trustees' report, free reserves stood at £1,453,287, which the trustees consider equivalent to outstanding property lease costs plus 12 months of other operating costs less deferred income. The trustees identified sustainability in membership and product income as the key long-term risk to the charity's viability. Its FY2023 accounts were audited by MHA.