REGISTERED CHARTfY NUMBER: 244559
Rep•rt fjf the Trustres a￿d
Statenwits for the Yur F￿d¢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
Bal*lle¢ Sktet
N¥Jt¢5 th ¢he FIn￿dI1 St*tem¢llts
8 kn 19
Det#iltd Statement of Fin*ntial Activitie5

Ch￿l￿#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 Acc￿1ng 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 (eff￿11¥¢ l January 2019).
ObJe£tive5 ￿￿$
The principal activity of the Charity ¢Othlinllts th bc that of providing a P05t Gr*knte Medical C￿tte for promoting and
advancLng, by way of r£Searc￿ IccbJr¢s and disc￿￿1()￿S. thc #udy al￿ gcnNai knowl&l8e of medicine afyl sci•ice an([
all maiicrs retating lo the progr￿8 arwj 4kn1(pneffl of Fmches of ]nditin< sutgery. delltisty snd vei¢tinary
medi¢ittt, for the F*nefii 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 actl￿tI¢l
The ￿￿1¢¢5 achieved thEir ethwational tsrgets for 202Y23 as d(￿uM￿trd 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¢ w0vid￿l for qualifted medical wadititsners in
rdcr 10 6jlfil their ed￿￿ti￿ atKI wofrssiooal res￿)￿1b11Ilic
Awts
The Ch&ity assets fall into thrtt fT*trt categ￿l&S...
Long Leaschold Pr(w bu'ng BuildJJJgs, FixturGs and Equipmrnt of th¢ Ed￿ti￿ c￿tre
2 Inv¢5tmertis comprising a mana8d p)rtfoho olitLVCStmeDts and th frcthldpro￿￿s pmvidJD8 Student
accommothtiL)n.
3 Cash held in ¢UTren¢and $8Vin85 aCc￿nts
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$ter medk￿ Edut*tioll CrNtr¢
Re￿rt of th¢ Trn5teu
forthe Year ￿￿Ed 31st March 2011
FINANCIAL REVtEW
Inv¢stments
The trthsiees have fvll ut]restricted F￿Wets of inveslmt
Thc policy of the tr￿te¢S is to invc4t surplL8 Cssh in a range of wlle¢Eive invesbnents. Ivhich desi￿ed to pDYide
balance of income and capitsl gr*)wlh. The tr￿, Wjlicy is to Mainla￿ I￿0￿¢ wmlst pres¢Th￿B the reg1 Y￿U¢ of the
t￿lOW￿ &&sets.
Inve5tTrtnts are marLagrAI thrnugh the appxnted investment manw. who h&$ the dis¢tetion to MaTr￿e 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 inbrstsi￿t mar￿ge￿ The inv&stm¢Dt wjlicy
di￿liVes 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 unTeaJk*d gaiTr of £961 (2022." no unrealised gainllossll.
Raltal in¢ome for thc year on the investrllaltTry￿LeS 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 ex￿￿J1￿1re. 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 CO￿ld￿ thai ily will be requircd if theTE is 10
be further developm¢nt of the Chan"tys activiti￿.
Fith4D¢IAI re$41ts
The nei movement in Unresrric￿d was an LIKr¢￿ of £36J61 12022.. £33227). aftu l(ws on invc5tmEnts of
£2.￿￿(2022.. 8aiTrs of £15J571.
Thc net moym￿t in r¢stric*d f￿d$ an in¢rt￿t 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
FI￿p]￿lS NHS Foundation Tr￿st Chicllcstrr Malicaj E41ucatiim C£ntre no eTh￿l0￿.
The tr￿leeS kew the role of the Charity and its und¢r ¢ONSkni review with all atiivity and potential
deVelopM￿Ls 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 ch￿Tty w&s established under a Dred of Tntst dated 24 August 1965 ¢1* thbli5bmenL of a PoSt.G￿l￿ale
M￿1]cal Centre ai Chiche51¢r. Undtr the tern￿ of agreeM￿t with the Health AUt￿rity. 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 deVclotTht￿I of all of M￿l¢]￿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 tr*iTring 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 awoin*d by a majority vote of th¢ setving In￿￿¢¢$.
Full tDeetings of th¢ I[￿st￿5 tth)k piacc on two ￿£181(￿S during ye8r.
New ttusÈtts r￿tive training from the Chan'tys ptofe&si(￿l advisors attd thc cxistirh8 ttustecs. Thi5 tsainin8 includ&
erL%uring an undcT5tsnding of the risk wi¢w& ￿rtfOlIO of investm¢ntsand finincts.
RF.FERENCE AND ADMINISTrATIVE DrfAIIS
Reglstered Ch*riiy number
244559
Prlntipal wddre
St Richard5 Hospitsl
Spitslfield L4n¢
Chich¢si¢r
W&st s￿$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 (￿lg￿e4122.9.22I
J Willian
Dr M Witcombe
N Han lappx)inted 27.7.231
Dlre¢tor of Mrdltal £d￿￿tIon
D Ileotti¢
Po$t gradu*ie TThaDager
Bebb& Smithe[5
Page 3

Chichester Medical Edueatlw Ce4*
Report of ihtTrnxtees
for the Year F*ndcd 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
I￿vestMent 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 B￿k 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

l￿d￿eNdent ExamlDer's Report to the Trnsttts of
Chlchester medk￿ FAlucallon Centre
lthdepe*dent u*mlner's rg￿rt 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 Ma￿h 2023.
Re5ptsMlbllltles and b45ts of report
As rhe charity of the T￿￿( y(w are re￿￿1b1¢ 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 ch￿ilY Comtuiswott under S￿lI0n 14515Xbl of
the Act
Independent eiaminer's stst¢mellt
I have completed my examination. I confirrn matrrial mat*ts 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 COT*cnt 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 I￿rt0( ao uulepth ¢x￿l￿allon.
I have no concerns and Iydve corne a¢rws mallers in with tk examin￿lOtt 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 S￿seX
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 gain￿110￿$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]FW￿l&l sla1¥n￿[S

Bal&nce Sheet
31st M*rch 2013
2023
Total
2022
ds
funds
Tangible assets
lttvestments
Investsy￿E1ts
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
D*tOLE
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 i*haif by.
CJ D¢whurst. Trus*e
ne- Tn￿lee

Chkhester Mediul EdYc*tlon 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 $raiem¢nts of the charity. whiGh is a wb]ic knfii e4rtity under FRS 102, have been prepa￿d in
accordance with the Chariiies SORP IFRS 102) 'A¢coun¢ing Rewrtin8 by Chariti&s.' Statcment of
Recornmended Practicc aroiicable kn chariiits prepjrL￿ their aLtovnts in accCXd￿ with the Financial
Reporting ar4)Iic4ble its thc UK and RqM]blic of ￿tIa￿ IFRS 102} l¢ffwive l Janw 2019),,
Fillanci￿ Reporting Srandard 102 The Financial Rer*Kung Standard w)litable irt the UK and Rewblic of
IrelAnd' and the CltsritiL% A¢1 2011. Tr fjnantial S￿reMents have Ettn pr¢par¢d Lumler th¢ his¢ori¢al co51
COTLvention, with thr ¢xcWion of invESttt￿ts wlu¢h are at market vaiuc. as llKyJified by the reV￿uatIon
of cerlain ￿t¢s.
Flnancial reportthg standard 1112- retheed diqd05ure exeowilotts
Th¢ charity has tak¢n advantag¢ of the following disclosure ¢xernptK>ns in p¢p8nng th¢6¢ fjnan¢i81 sw¢ments,
8s r£rniitted by FRS 102 The FillaTKial Rqyrtting Sthtthd4ylicable in ts UK and Rcpublic of Irdan(r..
thc rquirements of Scction 7 Stat¢rn¢nt of Cash Flow
All in¢ome is rtrognised the Ststhcni of Financi￿ Activities orK¢ Charity has entiti¢m¢tst to the it
ts probable that the inccfft¢ will k ￿e1Ve￿ and the a0￿Unt can k m￿sU￿d r¢liabty.
Expend*ture
Liabililics a￿ reco8llLscd &5 ex￿dits￿re as thert is a legd or obligation committing the
charity to (hat ex￿ndItU￿, il 1$ wdyable a trdnsfcr of erotyomir benefits will ￿ wvir￿A in setdwnent and
the amount of the Obl1￿[10n rne&￿ed reliabty. Ex￿￿t￿re 15 a¢¢oiiJii￿l for on an I￿ru3]S ba515 and has
be£n Cl&￿7fiCd UT￿￿ heading5 thal a88regate all cost related to th¢ category. Where costs cannot be d1￿ClIY
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
I￿0￿cO
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 £s￿art c￿1￿11*t
The long I￿hOld 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.
Investme*t prop¢ttles
Inv¢slment propertiC5 included in thc balance sheet * their w maTkd va]u¢. All invcstsncnt prO￿leS 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(en￿t of Financial kntivili¢S illcludes
the nd gain5 and losses arisirtg on revaluauons and disP)5al$ th[￿*h￿l the year. Gains and 1055e5 3ri51th8 o
Testrictuj inve5tm¢nts aTE ab]LKat￿ to the i1￿1vidUal res¢ridd fiuwjs b￿ed upon tht avcra8c fimd ￿anCes.
T*x*tknn
The Cha￿ty is exempt th.rcci I&￿tion on its charitsble auivitie&
FuDd accoundng
Unrestricted fvnds can bc ￿ed in acci*d￿ with thc charirabl¢ ¢￿i￿*v¢S•1 th¢ dI￿tiOn of the tn￿.
Restricted
Restriaed funds oJe rnaintaintsl for each specialist Trsear¢h pmiect and training programme wh¢r¢ T￿ni¢S a
T¢CCiV4xI fiK that PUTPOK only. S¢parate records are maintaiT*d 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
Und￿gradUate 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
84.1￿3
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
Contin￿d...

Chjehuter Medit41 Edutatlon Centre
Notes ¢0 the Flnand*l Statements- ¢tsthtltyued
fDr the Year Ended 31Ji MAnh 21123
RAISING FUNDS
IDVeStment Th￿agement costs
2023
2022
Porrfolio manag¢mfflt
6,735
6,169
CHARYfABLE ACTIVITIES COSTS
Supwrt
costs15ee
note 7)
Di￿t
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 tU￿rits 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 lNVLSTMEP￿s
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¢ M￿ch 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 ￿￿"V￿ty tntsiai withitt the iDV&Strllcrf a¢¢ dda11￿] as follows..
2023
2022
Battkers Inv¢sttn¢rtt Tn￿1
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 investrr*thL was ddennirKd by HarKock and Pattslers. txttings 8t)d Estate
Agents on 7 NovLTrbcr 2013. 7 Spitslfield has bttn rry￿￿ed at £250.IMX) and 35 spI￿rie￿I Lane al
E235.(KJO. Both arc included in the aw)ullts a¢ their Tevaiued amou￿.
12.
DEBTORS: AMou￿[S FALL￿G 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¥¢eThe￿ts-¢O￿tS￿lled
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- Endowm￿1 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
R￿enHawkItis
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 Fmanel*l St8ltments- continued
for th¢ Year FJnded 31st Matth 2023
14.
MOVEMENT IN FUNDS- tontinryed
Comp2r%tives f•r movemtni In fu￿d$
N¢t
At
31.3.22
At R.421
in bJnd5
Unrestrkted fvnds
DeSi￿led. 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
CXP￿ed
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 fl￿￿5
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 med1￿1 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
RoP￿rt 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 Ye*r 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
DeSig￿led. Undergraduate futwj
204.434
250
1148,6451
13.549
69.33
250
1148,6451
13.549
69,588
Rest￿tted 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
￿0￿rt Hawkins
Surgic81
V&scular
Colorcctal
Chanttes funds
Anturysm
SITT￿0
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 r*ai from meeting room Eo)kings, eqll]Jxnth¢
hir4 a[￿￿al rental for T￿Try5 ￿cUpied by eMmJal clietts and ¢dUr￿l￿nal ￿ts. The Endowmcmt FW￿ eTh5ures
that the fabric of the buil¢Jing is main￿l￿¢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 Mat￿sed by CMFL s¢aff.
Th¢ U[th￿adUate 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 b￿sleeS eommittee.
Remrlcted Funds
The Postgraduate Medical Charities (chiches￿r) 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 I￿￿te¢ 3￿j 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 tra￿aCtiOnS for the ye4r ended 31A MaYtb2023.
Page 19

Chlche5ter MdkAI Education Centre
Det*lkd Statement •f Fln•*tW Aetlvltl
for the Ye*r Ended 31st March 2023
2023
2022
INCOME AND EPIDOWMENTS
Do#*tlon$ ADd legarie5
U*radu*e account incorne
250
Investment Ineomt
R¢llts Teceivablc
InveStsn￿l 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 re￿￿TrU
131573
112,440
F.XPENDrruRE
Inv¢stmeDi m4nggernent costs
Portfolio rnanagcTt*ll(
6.735
6.169
CILY4rit•bl¢ attivities
Insurance
S￿dries
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 f￿￿KIal statallents
Page 20

Chi¢hester Mtdk8l Edu￿11￿￿ 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 Sta￿t￿Y fills￿la1 stat•n¢nts
Pw21