REGISTERED CHARTfY NUMBER: 244559 Rep•rt fjf the Trustres ad Statenwits for the Yur Fd¢d31Stm¥rtkn 2023 for Chichtrter Medieal EA•t¢iou Ccutre Siickland 7 East Pallant ChJchest¢T WL SLLS8eX P019 ITR
Chlche5ter Mediul EdMrAtion Centre Contents of the FiMaDcial Ststements for the Year Ended 31it Marcth 2023 Report ofthe Truste I to 4 Tndep¢ndent EAamlner'$ Rq>Drt Ststement of fin8¢141 Adwvtil¢s Ballle¢ Sktet N¥Jt¢5 th ¢he FIndI1 Sttem¢llts 8 kn 19 Det#iltd Statement of Fin*ntial Activitie5
Chl#t¢r M¢diui Ed•¢tkn CeDtrr Report ofthe TruJteu forthe Year Ended 31rt March 2023 The tn]stees sent their rqxxt wÉth the financia] 5tstemenLS of the charity for th¢ year en(kd 3 1st March 2023. Thc ttws¢$ have the provisions ol Acc1ng aryl RqKKts'n8 by (JJariti¢s'. Statcmmt of Recommendcd P¥actic¢ applirablc lo charities prg)8m8 their accthmts in accordance with th¢ FiDancial RLV)rtiri8 sta aN)licablc in the UK and Republic of Ireland IFRS 1021 (eff11¥¢ l January 2019). ObJe£tive5 $ The principal activity of the Charity ¢Othlinllts th bc that of providing a P05t Grknte Medical Ctte for promoting and advancLng, by way of r£Searc IccbJr¢s and disc1()S. thc #udy al gcnNai knowl&l8e of medicine afyl sci•ice an([ all maiicrs retating lo the progr8 arwj 4kn1(pneffl of Fmches of ]nditin< sutgery. delltisty snd vei¢tinary medi¢ittt, for the Fnefii of rnank1T getKraJty. To fvlfil its objeaives th¢ Charity works cl(E¢ty with UnLvetsiry Hospits15 NHS FIKtyMJaiion TnLSt which LS respcxjsible the ofsi Ri¢hards HIAspitaL Thiche. ACHIEVEMEKf AI¥D PERFORMANCE Charitable actltI¢l The 1¢¢5 achieved thEir ethwational tsrgets for 202Y23 as d(uMtrd in thc HEKSS I)]ality Manual and the Educational Strategy for 2022123, in line vriih HEKSS r¢quiren]ents. This tnclth thc provision of m)mmod&tiott for medical sbjdents. In additiotL fKilitics of spacc and qwwn¢nt at¢ w0vidl for qualifted medical wadititsners in rdcr 10 6jlfil their edti atKI wofrssiooal res)1b11Ilic Awts The Ch&ity assets fall into thrtt fT*trt categl&S... Long Leaschold Pr(w bu'ng BuildJJJgs, FixturGs and Equipmrnt of th¢ Edti ctre 2 Inv¢5tmertis comprising a mana8d p)rtfoho olitLVCStmeDts and th frcthldpros pmvidJD8 Student accommothtiL)n. 3 Cash held in ¢UTren¢and $8Vin85 aCcnts The irnstecs have caTri¢d out an itDpairnKTht rcvicw of th¢ frtehold buildin No itms wcre rni5uJ that w(wld r¢gJli d]"tninuiiOll in the value of the proputs¢S.
Chl¢he$ter medk Eduttioll CrNtr¢ Rert of th¢ Trn5teu forthe Year Ed 31st March 2011 FINANCIAL REVtEW Inv¢stments The trthsiees have fvll ut]restricted FWets of inveslmt Thc policy of the trte¢S is to invc4t surplL8 Cssh in a range of wlle¢Eive invesbnents. Ivhich desied to pDYide balance of income and capitsl gr)wlh. The tr, Wjlicy is to Mainla I0¢ wmlst pres¢ThB the reg1 YU¢ of the tlOW &&sets. Inve5tTrtnts are marLagrAI thrnugh the appxnted investment manw. who h&$ the dis¢tetion to MaTre the portfolio withi'n an agrted risk wofile. Total Itwcstt a( allocations are thtcd below. 2021-2022 2022-2023 £1,213554 £1224,784 6.7 0/0 78.5% Inv¢sttnent5 UKFix¢d lThtcr¢st S¢¢un"tics UK ¢J]ot¢d Shares Oihcr (including cash) Investh)eni pufomwKe art for cach me¢¢tng by the inbrstsit marge The inv&stm¢Dt wjlicy diliVes revi annually. Inv¢5tmesit incomc ffceivcd in the financiaj year Wds £15.818 (2022: £214591 ting a yicld of l.wo (2022.. l.55•/0) on the average value of Inv(Ments during th¢year. During th¢ year totaI gains fJx¢d Inv&strTKnts amwnted to Q610 (2022.. £2D.2741 which was made up a5 rdised 8ains of £1,649 (2022.. galt of QO.274) aThl unTeaJkd gaiTr of £961 (2022." no unrealised gainllossll. Raltal in¢ome for thc year on the investrllaltTryLeS was £6721812022.. £63.778). Ruerves polky The tDJ5t¢¢s bave r¢vi¢w¢d the neeth fv the rcscThfs irb ]m¢ gujdattce Issu by thc Charity Cotnmission. Thc InLStees cottsits that adequth level of reseThas fot theC])arily to M?1[ sknuid equa to at lea$1 Iwo years v4(Kth (pf exJ11re. Ttrwh th¢ tr ¢OiiSLder that the iThYe5tr))ents and bwk balantts held irt th¢ WLTe5tri¢ted fvnd we gre4ter thon are requir for the current needs. thcy COld thai ily will be requircd if theTE is 10 be further developm¢nt of the Chan"tys activiti. Fith4D¢IAI re$41ts The nei movement in Unresrricd was an LIKr¢ of £36J61 12022.. £33227). aftu l(ws on invc5tmEnts of £2.(2022.. 8aiTrs of £15J571. Thc net moymt in r¢stricd fd$ an in¢rtt of £8.296 {2022.. £17.55]) after gair6 on invc5tstwts of £4.619 (2022.. £4.7171. Bebba Smither5 is th¢ Medical Edllcation Mawcr aJMI is fundcd by th¢ KSS Deanery and anployed by Univmsty FIp]lS NHS Foundation Trst Chicllcstrr Malicaj E41ucatiim C£ntre no eThl0. The trleeS kew the role of the Charity and its und¢r ¢ONSkni review with all atiivity and potential deVelopMLs of the Chichcstcr MedirAI EdurW"on Ccntst b¢in8 discussed al the qoartttty iDJStee wnmitttt meeting%. Page 2
Cbiehe5ter medic Edu¢4tloD C¢ntr¢ Report of tht Trnst¢es ror the Yexr Ended 31st MAttb 2•23 STRucfuR& GOVERNAIYCg AND MANAGEMENT Governlng documelll The chTty w&s established under a Dred of Tntst dated 24 August 1965 ¢1 thbli5bmenL of a PoSt.Glale M1]cal Centre ai Chiche51¢r. Undtr the tern of agreeMt with the Health AUtrity. datrd 14 Febn]ary 1967. thr Authority 88rtts ¢0 mainthin prtycrty arnl grani tyusw • 99yt4r ie Public benefit Th¢ Charity provides & M¢di¢al Centye promoiiti8 and advaTKin& the sojdy and general knowl of medicine atld science and mallers r¢lating to tlLe progr and deVclotThtI of all of Ml¢]e. 5urg¢ry, denti5ty atld veterinary rncdiriD< for the btnefjt of rnaukjml s]Y. The tN5tecs havc had due rewd the Chariry commissi,$ guidelincs Phblic Frtncfit aryi arc of opinion that the Chority Compli in all r¢S¢1s. RecruitmeThL appDlntmeD4 inductiw triTring of trnsltts The Chanry is maDagcd by a trM)ard of t%¢5. which currniily COmPTiSts ttn trustc¢s. Ott is zpp)inted to bc thc Chairman attd one to b¢ the ViceQJaiTman. Thcre i5 rv) rtlyairrnt for the anDuai rdirEtllthi of trustee5 and new trustces are awoind by a majority vote of th¢ setving In¢¢$. Full tDeetings of th¢ I[st5 tth)k piacc on two £181(S during ye8r. New ttusÈtts rtive training from the Chan'tys ptofe&si(l advisors attd thc cxistirh8 ttustecs. Thi5 tsainin8 includ& erL%uring an undcT5tsnding of the risk wi¢w& rtfOlIO of investm¢ntsand finincts. RF.FERENCE AND ADMINISTrATIVE DrfAIIS Reglstered Chriiy number 244559 Prlntipal wddre St Richard5 Hospitsl Spitslfield L4n¢ Chich¢si¢r W&st s$SeX P019 6SE Trnst¢ts Dr G Dewhur5t ChaimMI Dr C Re Vice c'T[naL IrcsigDd 10.723) D All¢n Dr C Bateman (Ytsjgned 23.5.22) DrN Gent M Jol]n51we DrH MaTJsoubi Ms T Ri8by M5 T Webstcr (lge4122.9.22I J Willian Dr M Witcombe N Han lappx)inted 27.7.231 Dlre¢tor of Mrdltal £dtIon D Ileotti¢ Po$t graduie TThaDager Bebb& Smithe[5 Page 3
Chichester Medical Edueatlw Ce4 Report of ihtTrnxtees for the Year Fndcd 31st Manh 2023 REFERENCE AND ADMINigfRATIVE DETAIiS Ind¢ptndent Examiner Paul Wright FCA DLhA Sheen Stirkland Chartercd Accounwits 7 East Pallant Chich¢sier West Sussex P019 ITR IvestMent Advlsers Waverton Inv&%tm¢nt Management Ltd 16 BabTnaCS Streei London SWIY6AH Rathboncs Invfstm¢nt Managemeni Lul I NoTthga Chich¢sier P019 IAT Ballker5 Lloyds TSB Bk plc l O Eagi Streei c'Chester West Sus5¢X P019 IFIJ Approved by order of the tM)ard of tW5tttS L................. .... sigtKd on its behalf by.. DrG tkwhur*. Tntslee Page 4
ldeNdent ExamlDer's Report to the Trnsttts of Chlchester medk FAlucallon Centre lthdepedent umlner's rgrt to ihe ofThkhe5ter Medital Edwdom Centre I report lo djatity uustecs tny examijthtiott of the of Chich&st¢r M¢4JJ¢al FAlucation C¢ntre (the Trust) for the year ended 3151 Mah 2023. Re5ptsMlbllltles and b45ts of report As rhe charity of the T( y(w are re1b1¢ fty the prcpar1l1 of thc aCCOUTts In xcordw¢ with the requirements of the Choriii¢s Act 2011 A¢t). I report in rts¢t of my exatni]thtion of the TTusV5 a¢¢¢wits carried out thtion 145 of the Act and in carying out my ex3mLrJaLion I have followed 0]1 applicablc DITCCts( by the chilY Comtuiswott under SlI0n 14515Xbl of the Act Independent eiaminer's stst¢mellt I have completed my examination. I confirrn matrrial matts have eome my all&10n in WWLion wth examillati givin8 mc cause kn b¢li¢ve thai in any mawai rwL accounting rc£ords were not kw in Wof the rtquircdby SBclion 130 of the A or the accounts do noi a¢£ord with thi)se re£or&: or the accounts do compty with th¢ alylicable requirrmrnts c(xJcerning the forni and COTcnt of ac£ounts Set out in the Charitits IAcrounts atxl kg$) Regulation5 2(KYd othLY than ajry rquiremeni that th¢ accounts give a tn]c and fair vicw whith is w a mattcr¢onsidered &s Irt0( ao uulepth ¢xlallon. I have no concerns and Iydve corne a¢rws mallers in with tk examinlOtt th which attention should be drawn in thi5 rwit Ln ordcrto ¢nabl¢ a pr¢Jpcr ww1a5"nS of thc to be TEachc¢l Paul Wright FCA tknA Sheen Stickland Chartered Accourttants 7 East Paliant Chichester West SseX P019 ITR Page 5
Chkhe5ter M£k Edu¢atioD Cemtre StateTrettt of Financial Atttvlths for the Ye4r F.ndtd 31st March Z023 2023 Total 2022 Total fi]nds Unrtstricted R£4ric¢ol INCOME AND ENDOWMENTS FROM tYonatiÉM)$ and legach¢s 250 250 Cblrltsble ctivitl¢s Medical centre 47.260 47.260 26,178 67218 16.845 84,063 86262 Tol81 14.728 1(845 131573 112,440 EXPENDITURE ON Raising fund5 6.735 6.735 6.169 Cbaritwble ttivities Medical rctti 76J59 6,433 82.792 75.767 T•tsl 76.359 13.168 89527 81.936 Nel gain110$t8l OD invtsttnenls {2.1Th) 4,619 1611 20,274 NET INCOME 36361 8296 44.657 50.778 RECONCILIATION OF FUNI Total fund5 brought fotward 3270.612 378,922 3.649534 3,59&756 TOTAL FUNDS CARRIED FORWARD 3 J06.973 387218 3,694,191 3,649,534 Th¢ Notes forn part of ihe5e r]FWl&l sla1¥n[S
Bal&nce Sheet 31st Mrch 2013 2023 Total 2022 ds funds Tangible assets lttvestments InvestsyE1ts l J94553 1.394553 1.445.118 io 975.405 249379 1.224.784 628976 1,213,554 628,976 IW8934 249379 3248J13 3287.648 CuRB£r ASSLTS DtOLE Cth at bank 12 41 J43 283.084 41343 420923 28,636 345,715 137.839 3?4,627 137.839 461466 374J51 CREDfTORS Amounts frdllin8 within OJ]e year 13 IltV88) (16SR81 (12,465) NET CURRENr£T8 137.839 445,878 361,886 TOTAL ASSETS LFSS CURRENT LIABILITIES 3J06.973 387218 3,694.191 3.649534 NET ASSETS 3.3(,973 387218 3,694.191 3.649.534 FtINDS Unresiricted filljds Restricted fiM¥]s 14 3J16,973 387218 3,270,612 378,922 TOTAL FiiNDS 3,694,191 3.649,534 i Wf¥E signed OD its ihaif by. CJ D¢whurst. Truse ne- Tnlee
Chkhester Mediul EdYctlon Ceffjtre Notes to the Fln•nd#l S¢tements lorthe Year Endtd 315t March 2023 ACCOUNTING POLICIES Basfs of preparing the fiRatt¢lxl teMents The financial $raiem¢nts of the charity. whiGh is a wb]ic knfii e4rtity under FRS 102, have been prepad in accordance with the Chariiies SORP IFRS 102) 'A¢coun¢ing Rewrtin8 by Chariti&s.' Statcment of Recornmended Practicc aroiicable kn chariiits prepjrL their aLtovnts in accCXd with the Financial Reporting ar4)Iic4ble its thc UK and RqM]blic of tIa IFRS 102} l¢ffwive l Janw 2019),, Fillanci Reporting Srandard 102 The Financial RerKung Standard w)litable irt the UK and Rewblic of IrelAnd' and the CltsritiL% A¢1 2011. Tr fjnantial SreMents have Ettn pr¢par¢d Lumler th¢ his¢ori¢al co51 COTLvention, with thr ¢xcWion of invEStttts wlu¢h are at market vaiuc. as llKyJified by the reVuatIon of cerlain t¢s. Flnancial reportthg standard 1112- retheed diqd05ure exeowilotts Th¢ charity has tak¢n advantag¢ of the following disclosure ¢xernptK>ns in p¢p8nng th¢6¢ fjnan¢i81 sw¢ments, 8s r£rniitted by FRS 102 The FillaTKial Rqyrtting Sthtthd4ylicable in ts UK and Rcpublic of Irdan(r.. thc rquirements of Scction 7 Stat¢rn¢nt of Cash Flow All in¢ome is rtrognised the Ststhcni of Financi Activities orK¢ Charity has entiti¢m¢tst to the it ts probable that the inccfft¢ will k e1Ve and the a0Unt can k msUd r¢liabty. Expendture Liabililics a reco8llLscd &5 exditsre as thert is a legd or obligation committing the charity to (hat exndItU, il 1$ wdyable a trdnsfcr of erotyomir benefits will wvirA in setdwnent and the amount of the Obl1[10n rne&ed reliabty. Extre 15 a¢¢oiiJiil for on an Iru3]S ba515 and has be£n Cl&7fiCd UT heading5 thal a88regate all cost related to th¢ category. Where costs cannot be d1ClIY aittibutrd panjcuknr h¢ath'ng5 tIKy have been ajittated to on a b&sis consistent with thc usc of Governwee emts co[w>ri the costs of gtsv¢mattc¢ alran8 wllldl the g¢tsd ofth¢Charity. Txnglble flied Assets D¢preciation Js pfDvthI at the followin8 annual rd¢cs in to WTtte off ¢a¢h over its ¢StiMat us¢tul lifc. Long leasehold Fixtures and fittings tkTh13] ¢quipmettt Computer3nd offi¢e equipmemt on cost I0cO 25YoOrt cost An aDnual impaxru]tn¢ rcw•w and useful eCi]C life revi is uthjcrf&. Building5 aJE rnaitrtau in gwj r¢pair aLKI it is considered Itxat r¢sJ(fiJ21 values are such dw¢ciatioo is COErccdy charged. A5s¢ts purcha5cd orilotknitcd with a costlrvaluc ¢X¢]ng £sart c111t The long IhOld property repeseDts the Medica] Centsr us¢d by the Cljarity ID its dwI.ble xtiviti¢s. There is a 99 year lease in place commthced on 14 February 1967 athd rent is charged. Investmet prop¢ttles Inv¢slment propertiC5 included in thc balance sheet * their w maTkd va]u¢. All invcstsncnt prOleS llre frcchold pnynies and are not subj.cct to an annual th[)*10 ¢ Pagc 8 continued...
Chlthe#er M¢dltxl Eduutlon Ceotre Notes to the Flnandal S¢atetntnts- tontlnued forthe Yelr Ended 31st Matth 2023 ACCOUPrnG POLICIES. eolltlnwd Invest¢ pruprrti Ust¢d InYestmtBts Inv¢strnents ar¢ sts¢d & m•et value at the FAl4nce she¢t dat¢. Tr sts(ent of Financial kntivili¢S illcludes the nd gain5 and losses arisirtg on revaluauons and disP)5al$ th[hl the year. Gains and 1055e5 3ri51th8 o Testrictuj inve5tm¢nts aTE ab]LKat to the i11vidUal res¢ridd fiuwjs bed upon tht avcra8c fimd anCes. Txtknn The Chaty is exempt th.rcci I&tion on its charitsble auivitie& FuDd accoundng Unrestricted fvnds can bc ed in accid with thc charirabl¢ ¢iv¢S•1 th¢ dItiOn of the tn. Restricted Restriaed funds oJe rnaintaintsl for each specialist Trsear¢h pmiect and training programme wh¢r¢ Tni¢S a T¢CCiV4xI fiK that PUTPOK only. S¢parate records are maintaiTd ftr exh A derailed E*eakth)wn of the r¢stri¢t¢d filttds is showtl under 14 the fit)anciai 5tate4nMts. DONATIONS AI¥D LEGACILS 2023 2022 UndgradUate xcounl itKtXll¢ 250 INVFSTMENT INCOME 2023 2022 R¢nts receivable tnv¢sttnent inci)D Bank intcrcst re£eivablc 67218 15.818 ,027 63,778 22,459 84.13 86,262 INCOME FROM CHARrfABLE ACllVtTIFS 2023 Medical centre 2022 actimtics 47,132 26.143 35 Equipmcnl & mainienance c Out ofhours wisor 128 47260 26.178 Contind...
Chjehuter Medit41 Edutatlon Centre Notes ¢0 the Flnand*l Statements- ¢tsthtltyued fDr the Year Ended 31Ji MAnh 21123 RAISING FUNDS IDVeStment Thagement costs 2023 2022 Porrfolio manag¢mfflt 6,735 6,169 CHARYfABLE ACTIVITIES COSTS Supwrt costs15ee note 7) Dit Totsts M¢di¢al centre 76J59 6.433 82.792 SUPPORT COSTS ¢05ts Medical centrc 6.433 Governance costs inclth Itthp•MknI Lxaminatirn ftcs of £3.6(Kl. TRUSTEES, RbMUNERATION AND BENEFrrs Therc were no tNsoes' or (th¢r tUrits the year g41ts131s( MaTch 2023 rwx foT th¢ year etxied 3 Isi March 2022. Trn$tees' expell¥ There were no tru5tett' PAid fw the ye4T 31 Mdrth 2023 fijr thr y¢ar ended 31st March 2022. TANCIBLI FIXED ASSETS Computer Fixwr& tA)ng ieaseho office eqUirAn¢t ril(ing5 T¢1$ COST At Lsi April 2022 at 3 1st March 2023 2JOI.930 226.722 39294 42.774 2.810,720 DEPRECIATIO Ai ISL April 2022 Charge forye4T I.1(.486 44.667 .177.131 5.115 39294 41.991 783 1.365,602 50.565 At 315t March 2023 1,151,153 182.946 39294 42,T14 1,416.167 NET BOOK VALUE At 31 March 2023 1,350.777 43.776 1,394,553 At 3151 March 2022 1.395,444 48.891 783 1.445,118 Page 10 continucd...
ChlchtsteT Medleal Edue4110* Centrt to the FIDanclg] Statementi- contlnutd for the Year Fnded 31st MA 2023 io. FIXED A&SET lNVLSTMEPs Cash held olio Totsls At ISL April 2022 Additions Disp)5als Revaluations 1,213,554 1.213554 1214341 l J88,595 2,803.136 141,952) 12.750.915) 12,792,867) 961 At 3 1st March 2023 1.173550 51234 1224.784 NF.T BOOK VALUE At 3 1st March 2023 1.173550 51234 1224,784 Ai 3 Lsi March 2022 1213.554 1213.554 Thcre wcre no inv&simcnt (wtsid¢ the U Cost or Vall(lun ai 315¢ Mch 2023 is repettntd by.. C&sh held Li4ed Frffotio Totals Valuation in 2023 1,173550 1,173,550 51.234 51234 1,173550 51.234 1.224.784 HISTORIC COST At 31st March 2023 £1.214.541 At 31st March 2022 invcsimcnL8 that aTr "Vty tntsiai withitt the iDV&Strllcrf a¢¢ dda11] as follows.. 2023 2022 Battkers Inv¢sttn¢rtt Tn1 Pictrt FutMLs (Lux) Gbl Envirotts l)y5 J Ac Futkd5mith LLP Equiry l Tnc 61.(K)O 66.104 67.930 P8g¢li ¢OnlinutyJ...
Chichester Medical Edu£tion Centre Notes to the FI#11 S¢atenwits- tomthiued for the Year Ended 31rt Marth 21123 INVESTMENf PROPERTY FAIR VALUE Ai 151 Aptil 2022 d 31stMar¢h 2023 628,976 NET BOOK VALUE At 31$¢ Mareh 2023 628.976 AL 31st March 2022 628.976 HISTOIUC COST Ai 3 1st March 2023 476.470 At 31st March 2022 476.470 The market value of thc investrrthL was ddennirKd by HarKock and Pattslers. txttings 8t)d Estate Agents on 7 NovLTrbcr 2013. 7 Spitslfield has bttn rryed at £250.IMX) and 35 spIrieI Lane al E235.(KJO. Both arc included in the aw)ullts a¢ their Tevaiued amou. 12. DEBTORS: AMou[S FALLG DUE WITHIN ONE YEAR 2023 2022 Oihcr debtors 35.697 23,158 5,478 41543 28.636 13. CREDITORS: Amouyfs FALLINC DUE WITHIN ONE YEAR 2023 2022 . Oth¢rcT¢ditors Accrua15 artd deferr incon 11.689 4,899 7,969 4,496 16.588 12,465 Page 12 continued...
Cblthe5ter Mtdkgl Eduution Centre Notty to tht Flllandal SI¥¢eThets-¢OtSlled forthe Year Etsded 31st Mareh 21)23 14. MOVEMKiYf IN FUNDS Nct 0veM in fwjds At 31.3.23 At 1.4.22 UnTe5trkted funds D£signated- Endowm1 fiuMI Designated. Uttd¢rgra fiuMI 3.242.666 27.946 3,278.777 28.196 250 3270.612 36.361 3,306.973 Restricted fu)Mls Asthma Day Centre D8JTen 6J18 25,891 12 50 6,330 25,941 3.847 Urology 14,651 1949(V) 15,657 20,795 13,419 9313 73J99 316 414 14,679 195 J82 15.687 20.835 13.444 9,331 RAP Scott R¢s¢ar¢b Robert Hawkin5 Surgical V#s¢ular Col(w Charitics fvnds Aneurysm Simson 373 30 25 18 7.712 316 415 378.922 387,218 TOTAL FUNDS 3h49534 44.657 3,694.191 Pagt 13 oniinuc(L..
Chlchest¢r Medical Education CrNtr¢ Notes to the Fln•ndal St*tements- conthiued for the Year Ended 3151 M¥r¢h 2023 MOVEMENT IN FuNDS-n¥td Net movem¢nt in (und¥ iti¢luthd in the aEth¢ as folloTr5: ItwniThg R¢s4Nwces Gains and Movement in rtds Unrestrlcted funds Designated- EndowTncnt"fuDd 114.478 250 (T6J59) {2.(1)8} 250 114.728 (76J591 11(N)8) 36J61 Restrl¢t¢d AsituDa Day Centre 281 1219) 18991 (1341 150) (201) 1301 12 so 171 Urology 651 {5091 (6,7721 15441 17231 14671 13241 (2J511 28 373 30 40 25 18 7,712 RAP Scott Research RenHawkItis Surgical V&%cuiar Coltsrtttal ChaTiti¢S 696 925 596 415 3264 14 18 (1221 (1621 (1041 1731 (2) (3) Simson (14) 16.845 113.1681 4.619 8296 TOTAL FUNDS 131573 {11gJ271 2,611 44.657 Pag¢ 14 Itinucd...
Chlchesw Medkal Edu¢llth Celltre Notes to the Fmanell St8ltments- continued for th¢ Year FJnded 31st Matth 2023 14. MOVEMENT IN FUNDS- tontinryed Comp2r%tives f•r movemtni In fud$ N¢t At 31.3.22 At R.421 in bJnd5 Unrestrkted fvnds DeSiled. Elldowment fund Desi8nated. UNdeTBtaduate fund 3209.439 27.946 33227 3242.666 27.946 3J37J85 33227 3,270,612 Restsict fun sthma Day Centre 6,025 24,692 3.662 293 1,199 178 6,318 25.891 3,840 Urology 13,972 185.882 14.932 19,832 12.797 8,881 70.1 301 395 679 9,027 725 963 622 432 3,399 15 19 14,651 194.gyl 15.657 20.795 13.419 9.313 73JW 316 414 RoF*rt Hawkins Surglc Vastular Colorectsl Charities fimds AE)eurysm SinL%on 361J71 17.551 378.922 TOTAL FUNDS 3.598.756 50.778 3,649,534 Page 15 continued...
Chl¢hester medic Edueation Centre Notes to the Flllantial Statements- eontinucd ror the Ytar Ended 31st Marth 2023 14, MOVEMENT IN TritNDS-contiNv Comparahv¢ net nM)vement in I[Klud in the aix)ve ate as follows: IncomiDg Kesoutceg CXPed GaiDs and Movement In Unrestricted funds Designated. EDdowment fiKwJ 89.956 22861 15557 33.227 Restrltted Asthrna Day Centre 375 1.536 228 79 322 48 293 16591 1981 MFU Urology 178 870 11564 929 1.234 {373) {4,9631 13991 1530) 13411 (2381 (1.8691 181 182 2.426 195 259 167 116 914 679 9.027 725 963 622 432 3 J99 15 19 RAP Scou Research Robert H&wkins Surgical Va5¢u]ar Color*ta] Chari¢i¢s fl5 Aneurysm Simson 554 4J54 19 22.484 (9,6501 4.117 17.551 TOTAL FUNDS 112.440 181,9361 20274 50.778 Psg¢ 16 ontinucd...
Cbiche51tr med11 Educatioti Cejhtre Noies to the ststements- tontlnued ror the Year Ended 31st Matth 21123 14. MOVEMENf IN FUf4DS- A rurr¢n( 12 morttlL$ and pri( year 12 Jmnths c4Jmbilled txAsitiotL i% asfoliow&' Nd At 31.3.23 At 1.4.21 in fut Unrestrletal fvnds DesL8nated. Ettdowment fv( 3209,439 27.946 69338 250 3.278,777 28,196 . 3237.385 69.588 3.306.973 RtStrict¢d fvnds Asthma Day Cthtre Daffen 6.025 24,692 3.fA$2 305 1349 185 6.330 25.941 3,847 Urology 13.972 185J82 14,932 19.832 12.797 8,881 70.LKK) 301 395 707 14.679 19S.282 15,687 20,835 13,444 9.331 RAP Scott Rese8rch RoPrt Hawkins Surgical Vx*ular Colorert21 Charitics Ancurysm Simson 755 I,(X)3 647 450 15 20 316 415 361J7l 25.847 387.218 TOTAL FufqDS 3.598.756 95.435 3.694.191 Pa8¢ 17 continuc(L..
Cbl¢he5ter Medic41 Edu¢Atlon C¢thtre Notu to tht Flnancial Statements-tontiNued lor the Yer 31rt March 2023 14. MOVEMEPIT IN FUNDS- ¢onlin•ed A currcnt year 12 m(ffith8 and prior ytar 12 ¢M)bin n¢t rtwvancjll iti fiJnd& irKluded in the aknvc ar¢ &8 follows.. Tncomin8 Gairts and Movtmcnt Unrestricted funds Designated. EtKiow[it fijnd DeSigled. Undergraduate futwj 204.434 250 1148,6451 13.549 69.33 250 1148,6451 13.549 69,588 Resttted fund5 Asthma Day Centre 656 1686 399 Q801 (lJ581 12321 29 305 1.249 185 MFU Urology 18 lJ21 20,228 1.625 2.159 lJ92 969 7.618 33 43 18821 {11.7351 (9431 (12531 18081 15621 (4,4201 1201 1251 68 707 9,400 755 1.003 647 450 RAP Su)tt Research 0rt Hawkins Surgic81 V&scular Colorcctal Chanttes funds Anturysm SITT0 73 97 63 43 7.913 20 39J29 (22.8181 9,336 25,84? TOTAL VUNDS 244,013 1171,4631 22.885 95,435 Uttrestritted The CMEC Indowmcni Fund lunT¢Mwal fimds) compriKs of rai from meeting room Eo)kings, eqll]Jxnth¢ hir4 a[al rental for TTry5 cUpied by eMmJal clietts and ¢dUrlnal ts. The Endowmcmt FW eTh5ures that the fabric of the buil¢Jing is mainl¢d and ihai il is equipFtd and Insured 4wpriaicly. Thc LMEC Enth>wrnent Fund h&$ no employtts. The Endov4mcni Fund al two rc%idcntial ho$ in ChichestCT which are Ict out lo medid Slthts and Matsed by CMFL s¢aff. Th¢ U[thadUate Fund {LLnr&%wLCt hjnd) Iholds fuThding foT tneth.rnl education. The majorjty of this funding go&s th'recily to University Ho4)ita]s Sussex N71S FowLdatK>n Tru51 but a small retainer is held by thc Ut¥Jergraduaie Fun(L under the eontrol of the Undergraduate Tutorwkn sitson thc CMEC bsleeS eommittee. Remrlcted Funds The Postgraduate Medical Charities (chichesr) comryiKs of %v¢tal funds managed by lead coN5ultsnts froln donaiion% given for educatiOrt21 e. All fuTKi holders are aware this can [[Y be from dDnation5 and not for any scrvices provi(kd. ExpendIW is apryoved by a CMEC Ite¢ 3j is for ¢ducationlresearch purrx)sts. Page 18 c(miinued...
ChKht5ter Medl¢AI Eduutlts* CeDtre Natey to tILe nanCIal Statements- continyed for the Year F.nded 31st M•r¢h 2023 15. RELATED PARTY DlSCtnSURLS Th¢rewcre rto t¢lated traaCtiOnS for the ye4r ended 31A MaYtb2023. Page 19
Chlche5ter MdkAI Education Centre Detlkd Statement •f Fln•tW Aetlvltl for the Yer Ended 31st March 2023 2023 2022 INCOME AND EPIDOWMENTS Do#tlon$ ADd legarie5 Uradue account incorne 250 Investment Ineomt R¢llts Teceivablc InveStsnl income Bank inlcrest receivable 67218 15,8L8 1.027 63,778 22,459 25 84.063 86262 Chidi#bl¢ #rtlvilies Rent Equipment & ttkaititctwicc charge Out of hours supervisor 47.132 26.143 35 472 26,178 Trtal Incomlni reTrU 131573 112,440 F.XPENDrruRE Inv¢stmeDi m4nggernent costs Portfolio rnanagcTt*ll( 6.735 6.169 CILY4rit•bl¢ attivities Insurance Sdries Other Repaits & maint¢Datttt Stwlent accommodation rosts tkpreciation of tsThgible fixed assds 12,997 1,039 89 2.538 5.419 51,485 23 5,774 50,565 76J59 72286 Suppfjrt tosts Gov¢rnance costs lrtdependentexamiwion ftt5 Profc$5ional fee5 3,123 3JlO 3.481 6.433 3.481 Totsl resources exprnd 89.527 81.936 Net intowe b¢fore gains l& 42.046 30504 This page rkns not forni of th¢ stsmtory fKIal statallents Page 20
Chi¢hester Mtdk8l Edu11 CeDtre Detslled Stst¢meni of FIDamria) Actlvldes for the Year Ended 31st Mareh 2023 2023 2022 R¢¥ltsed Teeognlsed g•itis and105se Realised g&inFJII(kSSts) on fix¢d invests)kLts 1.649 20274 Net Income 43.695 50,778 Th15 Page (knes Dot form part of the StatY fillsla1 stat•n¢nts Pw21