RECISTERED CHARrrY NUMBER: 244559
Report of the Trnstees and
Finan¢Bal
. ¢aLments for the Year Ended 31st March 2024
for
(.-hiiliester Medieal du¢8tion Centre
Slieen Sti¢klind
Chaietej AB¢oL'lltaThts
7 ￿5t Pallaig t
Chichester
West Susse
P019 ITr

Chichest¢r Medi£al Educ2tion C¢ntre
Conients of Éhe fEnancial StxtemeFEts
for the Ye2r Ended 31st March 2024
Page
Report ol'the Trustees
llndevendtnt Ex&miFJer's Report
StAttLtnent o.f FI￿a￿tI&l Aetiiiaties
IBals￿ee Sheet
otc) to Éhe Fin2ncial St27em¢nts
8 to 19
Detailed Ststcme￿t of FI￿￿￿£1a1 Activitri3S
20 to 21

Chichester Me4lic#l Ediitation Cer,t￿t
Repoi't of the Trustees
ror the Year Ended 3151 Lvllareh 2074
rh¢ Irustees prcseni theii report Trvit'i tl-,- financial statements Dr the charity for the year ended 31st Marcli 2024. Tl)e
'.ru4ite5 have adopled tlic provisithr.< of A¢vounting gnd Reporting by Charities.. Staterntnt of Recommended Prdcti
pplicable IO Lliarities pr=paEing thknTrf 31 coiints in accordance the Financial li¢portiThg Standard applicable in tlie
ano Republic of TFelaid IFRS I O-.} I...FFective l January 20191.
SBJECTtVES Al￿ ACTivrrtE
.?bject3ves aTad aim5
Tle p￿ncIpal activi¢y of tlit Charity -0111:inues to bE that of pi'ovtdimg a Post Graduatt Medical Ce#tre for prornoting
Ind adTrancing, by way of researcli, l-.cll res and discussion4 tiKC Study general knowledge of medicitie and scierce
ind all Jnatters relating to the progreis ond developmen* of all branches of medicine, surgery, deutisty and veterinary
".i?¢dicii?< !QF the betsefit of rnankin('. 9￿.￿51y.
i o fiLlfii its Objective& tlie Charily woi'<s closely Univerbity Hospital$ Sussex NHS Foundation Trust which Is
hesponsiblc For tlie running ofst R&ck.grd-. HJspital, Chitliestei..
,¥CHIEVEMENf AND PERFOR]¥'IAI.Jcr
harit2blt 2£tiNities
lie tlllSt¢es acliteved their edu¢?tioLial "artrets foi 2023124 8s documented in the HEKSS Quality mall￿1 and the
.-ducalional Strategy for 202312£! in line a4-h HEKSS r:quireiients. This irjcludes th¢ PTovision of accommodation for
Inedical studerits. In addi120u, f8cilitSCS Oi, bc'.th space and equipment are provided for qualified medical practitioners in
i)rder lo fiilfIl ilieir ¢ducation312Tr& profe--bional responsil)iliiie%.
5illNAN,vlAL REVIEIV
-he Ch<irilv iisseis fall into tlitte m4'i, Ca.￿gentS..-
Loiig LE2sehold Prop¢rty being Ellil..2ings, Fixtures and Equipment of the Education Centre
InV￿$t￿lents comprising a fOTt.'olio of illve<trrtCDts and two fr¢ehold propertteg providtng student
aLconwLOdaiio￿.
Casn held ID CUllEi7.t 8.nd savings &cc.?un;s
,'he t￿￿￿tteS hav¢ carried out aTh TThpa.,Tr'.i)c review of t.he fteelTrold buildings. No iten)s were raised that would Ffsult in
ciiminution in tjie value of tlie propcrLies.

Chichester Medi¢45 Education Centr¢
Reps?rt of the Trustees
for ¢he Year Ended 31$t Ma) eb 2024
FIN,.INCIAL REVIEW
lllveitment%
Tlie .rustees have 1uII uriltstricted PDwer% of nvcsknenL
Th¢ ??olicv of the irnstee£ is to invest sJiiluc in a rangt of ￿0]l¢CliVE inwes17nents. which are designed to provide a
balai".c¢ of incoTrt aiid capitsl growth. TP.e tl-,'..SEces' policy is to moir.,tain i￿Ome whi15t preserving the real value of the
erdowed ￿sets.
Investsnents are n1aiiaqed thr(iutsh tlie ap)OillieG investment matots¢1, who has the discretion to mabage the porttolio
witP..",n an atsreed risk PiDfilc. Total InVe￿¢*￿n¢Tr.ls 2nd per¢¢nts¥e allocstions are indi¢ated b¢Eow.
23i3-'.024
£ j ?(1.'.686
2022-2023
£1224,784
6.7 /0
78.5/
14.80/0
iVC.ittnent8
-ixed I￿(C￿St Securities
UK'tyotcd Shares
Other (in¢luth"bg-_&sh}
Invextrnetit ijerfoiinante ryorts are prot.ucLd for eacb meetithg by th¢ invESttu¢nt rnaDagers. The investnient policy
dii-ecLEves ar." ieviewed annua51y.
IE)VC%tnient income re¢¢ived ifj the fin&,I,=iJl year was £28,LI48 {20I3-. £15,818) representing a yield ot 2.0 / [20￿..
1.9 /, l on tht averno¢ value of inve5tmeF_tf dE':
DuriAlO tli= ve&r tiital gains o,"1 fixcd iiS4CL ir.ve<ÉmeDts amoiinted to £119,553 (2023.. £2,611) whÉch v/as made up as
l.eal i%Ed losR of £L.59C) (2023.. gaims ol £1 ÉA91 and unreali.4ed gaill of £122,14912023.. £9611). Unrealised .oains
iftvcKimcnt propertle5 amountcd to £170.f?I ri t1￿ year.
Rtv.l.il incopie fov the year on the investn':rti )ropetties ￿￿$ i69,23512023.. £67.218).
Rese.Iwes policy
Tlie ,-IusleeF h<1ve reviewed the Charity* r.eos for the r¢seDK< in line with the gutdance issuvd by tbe Chatity
Coiil IITSSTOf. Tl",e tTrstees coiisidei. tLit <ln &￿ie0￿ate level oi Le5erJes for the Charity to maintaitt should equ&te to at
lea%1 two yeic ts WQJlh of ex￿￿￿ditUre. I liotsg.) the trustees ceAsidri that the illv¢sED]eut5 aud bank balancpA held in tb¢
uitreEirictcd fund aTJ greater than are req,￿SteC for the curent i',eeds, tliey Consider that tbcy will bc rcquircd if thric IS to
be tD*her dtvelopmtnt of the Charity's a=..
Fgnaicial results
The iiet movemell,. in unrestr..¢t¢d fvnd< w&, an in¢r¢as¢ of £549.815 Q023.. £36,361), afi¢r gains on invesknents.of
£j7.111612023..10%5e% of £2.OG'81 and ¥dii,- or in%xcsttnent pro-JertieE of £170.204 (2023: £tiil}.
Tre Ii¢t n20i'ement in resth¢ted fvnds i¥¢E ai) increase of £9i.6261?eJ23.. £8,296) afier gains on investments of £81,637
1202-, £4.6191.
Bebbia SmithEf% 18 the Medical Edu¢atioJi DI. antsger and is fanded by the KSS Deallery and employed by Universty
Ho%iilt&ls NI-IS trOLind%tion TrJst. Chitlies-er ,rfedscal EducalÈon CEIA Ire has no employees.
FUTURE PLANS
Tlie ,NstctÈ keep tlie role of tlie CF¥aiilv 'ind Èts activities under Cowtant revi¢w with all activity and potentsal
dcvc opmcnts of tltre Chi¢hcst¢i Medxf31 pdii(-L..tF()n C¢ntrc being d?%vuss¢d attlie quarterlylrustee coTnTnittec rneetings.
PagE 2

Chichester Medical Ed￿CatiOn Ce￿tre
Report of the Trustees
for the Year ￿￿ded 3Xst M4rch 20?4
,)TRUCTURE, GQVERNANCE.IND M4NAGEMENT
overThkng document
The Charity was establislied undcr i D.ed of Tn￿t aated 24 August 1965 for the establishment of a Post-Grdduate
Vcdica,. Ctntre at Cbiche5tei'. Und¢i' Llic erns of the agreement wih the Health Authority, dated 14 February 1967, tlie
uthoritv agrees tD iTratnlain the propert and thc trustee5 a 99 ye&r leas¢.
Publoc F)enefit
The Cliarity provid¢s a Fyitdi(xl Cejnire f.jr promottng and advan¢ift& ihe s￿dY al￿ general knowledge of mediune aThd
.it3ence and all matterg r-latins lo t51= F Il)g￿$S and developyi .ClTrt of all branches of rned1c1￿e, surgery, denti5ty and
veterinary medieiT)¢. for tle beTrefit g-, niLLDkiDd generally.
"rile tiwste¢s have bad du- regard to ,_lie Charity Comui°¥sion's ￿17]deli￿¢S on public benefit and are of tbe opinivD that
he CilitTIty complies in respects.
Recruitment, appoiRtEnent. indu£l'i4thll l.tnd traini￿g of new tr￿ste¢S
'rhe Cliarriiy Es mana(T¢d by a board OL inltyrtecs. wliicb. cU￿¢n￿Y comprises ten truste¢s. Olle is appointed to be tIie
É-liainn<ill and one to be the Vice-c;;
. aiima4. There is iio reqairement for the retirement of trustees aod rtew
s¢¢es arc ap?oin¢d by a majontv ￿0t£ i?f Ihe setV5ng ifèESte¢s.
'ull nieetings of the truste￿$ took plac= o-, occa5EQTLS durinci *h- yt2r.
New Prustets I'¢c¢ive trai:.iing froEki "J".t 1..1aiiWs profesgioiisl advÉsors and the existing ttustees. This training includes
¢￿su1.:ng gn uttdcrstandin? of t]ie r¢v.ew>, Portfolio of ittvesttn￿nts and finallces.
IIXFF.RENCE AND ADFbllNISTIUtTI DETAILS
?¢￿ESte-, ed CFpH￿Ity ￿UMber
44559
S'rin¢ip41 addres5
t Richardq Htrspital
.IpitaifFeld T Jne
IV¢st )ussex
P019 6.SE
I ru5tees
Dr G D￿￿￿1￿[51 Chaimiwi
Di. C Reid Vicc Cliainn&n {Fesigllcd I;,
. Hal:.
P. Middl-ion
Dr N CJent
(i l-laniq
l Jolinoion¢
DI H MEiisoubL
.Is P Ri,:by
3)
Dr M WttcomDe
Ni Hail lappoinled 27_7.23i
L S Kcates lappoinied 15.? 24)
T Ma¢Lindale lappointcd 17.7.231
C Wclle-,
F4 Hiiixman
irector of Medpcal E4 duca￿0￿
E, Be3llie
Post graduatre manager
Ivii8 B¥bba Stnithcrs
Page 3

ChDthester M¢dic&l Edu¢4tion Centre
ReTrort of tthe Trustees
for ,:he Yethr Ended 31st Mareh 2024
EI4ER£NCE AND ADMINISTIUTJVE DETAILS
I￿￿,>Pen￿e￿t EA*miTrer
Pa'il Wrighi FCA DChA
Slie'n Siickland
cp..&1e￿d Accoun¥nts
7 E¢.St Pall%nt
Chiihes:eF
Welt Sussex
P019 ITR
InwLstmen¢ Advistrs
Wi( Tr"ertoJi bivestment M2￿a￿￿ent Ltd
16 Eabmats Strect
LoiiJon
SW.Y6A
Rail-.bones inveslTntnl man&ge￿erjt Lto
l Ni)rLhg<it=
Cliicl?esler
POI9 IAT
Bapt.',i¢rs
Llo}ds TSB BaFLk glc
10 E&*t Sirect
ChiLiiesler
WCE
Su%<tx
POI.P IH.T
Apyfrioved bv ordei. of the boai d of trnsiee.% OF
5igtLed on its bebalf by=
cl)nston

l￿dependent ExaMi￿gr,5 Report tli¥.. Tiwste¢5 of
Chicbester ￿edICal Education C¢r¥Ére
Indep¢ndeAt eXa￿l￿tr,$ report to I,'kne lrnstees of Chichester Medical Education Centre
I IEPOrt to the charity ￿sLee$ on mx, eiarL'.llation of Lli= accouAts of Chichester Medical Education Centre (tht Trust}
loi- tk.-c ve21. eiid¢d 31 st Nlliaicli 2024.
Responsib￿lE1nes and b2sis of repowt
* Ilie charity ttustccf of the Trusi yosj aJE responsib.'e for Ilie preparation of the accounts in accordance Ivith the
"cqutremeF+15 of the Cliarili¢s Act 2fl": l ( Lhe Act).
I reporL in respect of my examinahjll o.. th- Trust's acCo￿ts carried out ￿￿tr Sectioll 145 of thB AGt and it) tarrying
.Jut iii). examiiiation I haFc followed ill <.'W)Iicable D￿eCl10T1$ (TlWtn by the Charity Con]mission under Section 145(5}(b}
of the Act.
Jjlldepertdent exatuiner's staten]tnt
bince YOUE charity's gross iiicomc eX￿CE.jed £250,000 YOUE examiner must be a member of a listed body. I can Lonfirm
Ibat l qualtfied to undeKtake tlTr¢ -xa'.nillation becallse l arn a nEmber of the Instithte of Chartered ACCO￿￿tantS in
"￿Trol8nd and Wale& wbich is one of t:,ie li.ited bodies.
hav¢ coiknpl¢t¢d my Exa',nin81ion.
xamincitiox ¥iving rn¢ Gau5e to b¢li.
-.rw Ihat no mat￿n2[ nalte¥s have come to my attention in c(}nD￿tion witli the
e ( iat In i￿Y rnate*al resPCCt'.
accountiiiry records were not kcpt in iespect of tlie Trust as required by Sectictn 130 of the ACL or
the accounts do not accord Th'iih tl":ose records= or
-. li¢ a¢counts do not Comtjly ￿￿tt￿., the 3pplicablc ieqLiireiYents concerning the httn aod ¢onteDt of awountS Sct
t)vt Lht Cli8riiie.8 (Acco￿nC< ?11 R R=ports) Rwilation5 2008 other than 3lly requirement that the accoullt5 qve
I true and fair VIEW. which Es rot É mÉ2tter COTJsidei'ed as pit fi of an independ¢nt examillation.
S liavc iio ¢ortcerns and hov¢ come a¢•.%:' iio otbtr matters in CGnnection with the examination to which attention should
lit Orawn iii Iliis report Ill 9rder to eM2bic & pi-oper undErsia1dinE of the accout2ts to be reached.
1.aul Nrfrigbt FCA DCI
<lieen Soick5aTrd
C'haTlercd Accountants
7 Eaqt P&llanl
('hich-si¢r
Vest Sussex
F.019 ITR
Date..
P28e 5

Chithester Medical Educatifj￿ Centre
StAt,:ment of Flnantial Activities
for the Year E￿ded 31st March 2024
2024
Total
fimds
U.,2iestrieLed
funds
Restricted
£L￿d3
lfjotes
INC.DME AND El1￿01v￿FNTs FP,OM
DO￿&,tIonS aid l¢ga¢ies
?92.8Q.7
292.803
250
Cha""'itable actiwtie5
MerJ".tal -£￿tre
75,561
75,561
47,260
Inve.4tment incoir¢
28.357
100.238
Totol
440,245
28.357
13 1.573
EXPCI NDITURE ON
Rais."iig fi3llCS
6,512
6,512
Cha-, Itgble gctivi&es
MeLI.,c21 ¢wnirc
98.370
9.856
108 226
Tottsl
Nei gains on inveg.menis
Unrciljs￿I cains investmer..t propetties
37,916
170024
81.637
119,553
170024
NET INCOVE
549.815
93,626
643,441
RECONCELIATYON op, *DNbs
Totsl funds broll2lit fonvard
3.i06,973
387.218
3,694,191
3,649,534
TOT.4L FUNDS CARIUED FORWl¥RJ
3,856,788
4 337.632
3 69a 191
The iot-5 fitrn part of thesc fiTJancial statements
Page 6

Cbiche5t¢i' TrledÉcal Edu¢atign ce￿ti.¢
Balance Slieet
3A¢t Th'y%reh £024
?024
Total
2023
Total
fallds
UDtesUTGied
Rtstiicted
fi￿oS
Note5
IXED ASSJLTS
Taiigible assels
E..i44,949
1,344S49
1,394,553
veso*ents
iiivesÈLuerit pi'operty
10
1,020,500
1,363.686
628 976
1.224.784
628.976
.?.164,4J.9
343.186
3,507.6)5
3248,31?
CbTrRENTT ASSETS
Deblors"
CJsFi ai b￿ll(
12
30,539
81] 329
673,671
137.658
704.4lQ
137.658
841,868
462.466
CREDITORS
Atyoullts lalbiig due wilbdu Dll¢ year
13
{11.871)
(16.588).
NET CURBENT ASS.ETS
69? ?19
137,658
829,997
TOTAL ASSETS LESS CURREN-.
LLl3￿lTIEs
3,856. 188
480,844
4377.632
3,694,191
ET AtsSETS'
i,856.78S
480.844
4,337,632
3 694.191
FIJNDS
14
ur￿e511.¥ettd fiinds
ResiilLied fviidr
3.856.788
480,844
3.306973
387218
TOTkn FUNDS
4 337.6.82
3 $94 191
rhe fi
iitiol 5taltmen15 were tppr!Trt.d by the Botr￿ of Trustees and atr￿￿15¢d for iswe o
. *tnd 4iOTK'd Tts beb8Ifb-,:
I-Iart TrLiSt:e
'r￿= tsot... fotmpart of th￿se fiaancI8I stttements
PagE 7

Ch4£hester Medital Edlleation Ctntre
N(kts.s to Éhe FI￿a￿ClaS Statements
for tilie Yexr Ellded 31st Mareb 2024
ACCOUNTING POLICIES
B85is of prep*ring the .'4ts1
Thc Jinaiicial statements of the clJarit:J, Ivhich is a publi¢ bei7 efit entity utsder FRS 102. have been prepared i
accordanrc with the Chariueq SOF.P IFRS 102) 'AccountiDg and Reportsng by Chuities-. Statement of
RecotnTnexded Pra¢tiLe a￿lIca).'- Èo ¢barities PTei?2ring thtIr accouTJts in accordattce with the Finan¢ial
Rep¢rting Stsndard applicable iri tli.. and Republic of Jreland IFRS 102) (eff¢ctive l January 2019),:
F,'nai]cia1 Reporting qiandard 10£ e FinaTEcial RcportiD.g Standard applicable ill the UK and Republic of
Ireland, and the Charities Act 2011. Tlie financial stat￿8,,]ts have been prepared under the historical ¢ost
co4veution. with tke exception ts£ nvestments wliich are included at nwket value. as modified by the
revaluation of certairy ¢55¢tS.
FinaTrcial reportlDg $ÈaJ)dard 10? _ Tr"*driced distlosure exe6llptions
The ¢barity has taken adv8ntag-
- cf tl.. ft>lloMqnEp disclosu￿ exemption in Preparing these financial State￿ett
as oerniittcd by FRS 102 '1]ie Cl il Reporting Standard applicable in the UKand Republic of Ire]￿d,.
the requirements orS￿¢ZOn 7 Sts'"ment of Ca5b FIotsTS.
In£oJrylt
inCQTne is recognised in the str'tetr£￿mL of Fillanciai Actiwities once the chaTity has entitleTnent to tbe funds,. it
is probablt that the inciFne will b¢ Tc"ived 3nd the 21-.1011nt be measuffd reliably.
Expend8t￿re
L"'abilities are recognised as expe".IdiilJE as soon as there 18 a legal or cODstn￿t1v¢ obligation conmiitting the
cl¥aiity to tiTral expendi￿re, it prryba?Ic tliat a transf=r of cconomtc bett¢fits will be required in settlement a)d
tlit aEfLoiirt of th¢ obligation can x Tn.a5ured rdiably. Ex'¢)eooiture Is accouDted for on an accruals basis and ha5
b¢cD classified under !?eadtngs t,,￿( a !gr¥gate all cost to the category. I4qkere costs cannot be directly
attiibuted to parhcular hExdings tne} have been allocat¢d to arfiMties oll a basis consistent with the llse Df
t¢￿{PL rces.
Govcrnance costs
Comprises +he costs of govemance nent5, which r¢late to the genernl nming of tht Cbarity.
Tatsgible fixed assets
Depreciatiort Is provided at the foiioM"¥n¢r annual tates En order to write off each asset over its ¢stinTrted u5etil
Lotig le&sehold
Fixtutts and filting5
Dei?lal equipment
Coifryutcr alld office eciuipment
in a¢¢ordaD¢t wryth tbe le
IOQ/ts ofL CQSI
IOO/y ofk ¢OSt
25% cost
An *ty)uol iiDpaiThncnt YL Yiew ai6 Jsc."ul ¢conoTrkE¢ lif6 revlbTr-.￿ undertaknjk Buildings are maintained in g(yod
repaii- and it Is coosÈder-d thal iEsi(É
ai values are such that dyl)re¢iation is correctly chargerL
A&pet% purcliased or doTiated with e ¢o,- o-. value ex¢eedirLts £500 arc capitali5ed.
The long Icasehold pronerty repres-nt." t1)￿ Medical Cetstre ukd by the ch￿]ty Ill its ch￿Itable actiTrryties.,Thère
j5 a 99 year lease in plèce that cotrLieF ￿£1] on 14 Febrnry 1967 2nd no rent is ¢harge(L
Uni'estment pTopertiES
Inv=stmeni oroperties 8]? in¢lu6¢d pn 4kJe 'ialance ￿heet at thc'.r fair value. All inveslmeDtproperties are freehold
properties Ind are not 51ibject to ali ani".ual depreciatioD charge.
contioued...

Chichestei- Illtdical E¢iucation Centr.:
Notes to the FSn*nrtal StateThe￿ts - ei3T]tinued
for the Year li ￿ded 31st L¥Iarch 24Za
ACCOUNfiNG POLlCtES-..oritillued
Investment proF)ertie5
Listed iTrve$tments
TTJVCStm£Dts ait btated at rDar£<=. value at the balance sF2t¢È date. The Statement of Financial Activities includes
tlie Yet gains an￿ losse5 2r":s.r.CP revaluation4 aisposals tbroughouÉ the y¥dr. Giins and losses arising o
restricted investments are allo¢a,'ed lo the indiw£dual restricted fimd5 basedupon tbe average fimd balatt¢Ls.
Taxation
Tl..e Chftrityl is exempt frok11 o.ire't tsxatitsn on it5 ¢haritable activities.
UD.rcstricted fund.% ¢an be LÈ*td i?￿ aC￿OrdanCe w"h the GlIAritable objectives atthe discretion of tb¢ tsustees.
Restricted fund
Rcstrcted funds &r¢ maiTLtaiitcd lor each specialcst ]Ese4rch project and training prO￿an￿le where monies are
received foi tliat purpose OT.ly. Sq)arate records are rr.aTntsined for cach fund A detailed Breakdow￿ of tlye
restrcied funds 18 shown ura>-: I'.iTrte 14 to the fiyancE21 *_&t¢m¢nts.
DONATIONS AND LECtSlielE.
2024
2023
Doiiatioiis
JndcF¥taduaie accoimt incofj-.¢
291.378
250
292 803
250
.INVEtsTiWENT SJ¥COME
2024
2023
.£¢iiL< 5eceivable
invcstlii¢nt iiicome
gan1< Intcrcsl rcceivabl¢
69,235
28,048
2.955
PaEe 9
¢ontinutd...

Ch-:che$ter Medical Education C¢￿tre
i ole$ to the FinarAcl•l Ststerntnts- t￿￿tiB￿lie
the Tr'ear E￿￿ed 31st Mthrch 2D24
INCOME FROM CHAIUTABLE 4CTIVITIES
2024
Medical
centre
2023
a¢tiviti¢S
R¢nt
Out of l)ours supenjisor
75,561
47,132
128
75.561
47.260
114ESJNG FUNDS
ETrve5tmeTrt rnanagemellt costs
2024
2023
P•i'iFolio Enanagement
CHARITABLE ACF"UVITIES C.OITS
Support
costs (see
note 71
Direct
Costs
M¢ai¢al centre
98.190
108.226
SUTrPORTr' COSTS
Gov¢EIMiiee
¢osts
Medical ceiitie
Go￿.¢TnajlCe c05ts ii)¢l,. aes Jndcp".
- 2de'it ExaTninat70n f&s of ¢3.600.
TRliSTEI ES, R£MUNERATION A BENEFifi
TheE¥ HTcr¢ no tru5tees' remunei?tio.- or other benefits for the yvdr ended 31st M?￿h 2024 nor for the year
eiid&4 31 51 March £02-.
Tru5tees' expenses
Tlicic wcre no
3 l&t IMar¢h 2023.
truftees, exper)se¢ paEd fo¥ the year crded 31stMarch2024 nor for the yeer ended
Page 10
Continued...

Chich¢ster Medieal Ed￿catIon C¢ntre
Not¢5 ¢0 the FinJDci%l Statements- eo-7tinued
for the Y¢w Ended 315* March 2024
TANGIBLE FIX'ED AssErs
Computer
alld
office
equTpmcnt
Fi.xtures
Long
Ic25ehold
Dental
equipment
filt5ngs
COST
At I st April 202) and
31 st March 20?4
2.501930
226.722
39.294
2,810.720
DEPRECIATION
.4t l st April 20?3
Charge for year
151,153
4d.,667
182.946
39.294
42,774
1,416,167
49.604
At 31 si Marcli 2024
,195.820
181.883
39,294
42,774
1465.771
I ET BOOK VALUE
t 3 Isi fv(arch 2024
1,306.110
38.8'39
1.344.949
At 31 li March 20,3
1350777
4i,776
1394,553
FIXED ASSET INI VESTMENTS
Casb held
as part
Listed
inve$tsntnts
portfolio
IIIARKET VALUE
}11 l %t,4pril 2023
Additlons
Disposals
Revalualioris
1,173.550
68.562
(45.696)
51.234
68,962
175.075)
1,224,784
137.524
1120,7711
122,.149
Ai Jist Mai'ch 2024
1.318.565
45,121
1.363 686
NET BOOK VAL
lit 3 Isi March 2024
1318,565
45.121
1,363,686
At 3 1st March 2023
1,173 550
51.234
1224.784
There were Ho invtsimeiit &g<e%5 0 the UL
c.ost or Valuatio￿ aL 3151 Mar=l1 2r24 Is represent=d by=
Cash bem
as part
Listed
inYesth)ents
portfolio
Valuatioii in 2023
CDSI
1.318.565
1,318,565
1,318.565
45.121
1 $63,686
Paoell

ChT¢he5ter M¢dieal Education CenÉr
ote5 to the Fpn2n¢fal Stat¢n]ents- co}￿ti￿￿e
foT the Year 31st 7*larch 2024
io.
FIXED ASSET INVESTMENTS- ¢ontiDued
AIISTQRTC COST
At ", 1st March 2024
£1,197 432
At I 1st MaKh 2(k23
nvestments that are iiidividuall}. Enai:ri?l ￿lthIll-￿e investsnentportfolio aJE detailed as follows..
2023
2024
Bankers Investment Trust
Pictei Funds (Lux} Gbi EnviroiTr< gpr..r J Acc
S¢ottisJi Mo',tg2ge luilcstmtni T:liSt
Fundsm'.th LLP Equity I Inc
61,000
66,104
68,076
79.433
67,>30
77.707
IP*VESTMENT PRGPERTY
FAIR VA&.UE
At 5 qt Apiil 2023
Revaluaiion
628.976
Ai 31 st Maich 2024
799,000
NFT B()OK VALU
Ai J. St Mai'ch 2024
AE 3-. 5t IMitrlJ 2021
628,976
HFSTORIC COST
At 3 i st Marcli 2024
476.47
At 3 1 st Marcli 2023
476,47V .
The iiivcstment woperties were l¢SI fo-.rn&lly revalued in 201 I The trnstees consider thatth¢se va]uations do not
Irpre5enl curreiit fair value and tl-:eTfi)r¢ Lliey have cayied an infoThnal v&luation using an averag¢ of OTJine
V8lues as at 31 Mareh 2024 and t.?: Feiulltng ullrealistd gaill of £170.024 has been Tecogxiised in these financial
8taieryeF5t
12.
DEBTORS: AMOUNTS FALLIttyG DI E wrrHIN ONE ?EAR
2024
2023
OtlieF debtors
PrepayEnent% aiid a¢cru-d incom¢
21.872
8,667
35.697
30.539
P&ge 12
¢Ohtinuei..

Chichester Medical Ed￿c4tion Ctiitr
Notes tts the FÈnancial Statement$~ co￿)1?￿ed
for the Year Ended 31st marc￿ 2024
13.
CREDITORS: AMOUNT) F.41.L￿G DUE 14qTHEN ONE YEAR
2024
2023
Other crediiors
Accrual￿ and defcffed inco*i
7,969
4,899
14.
MOVCMENT IN FUNDS
Net
movement
in fi]nds
At
At 1.4.23
Unrestrlltted funds
D¢%%gtEated- EndoibThent fuiii.
J¢$1g￿ated- Undcrgwiuate fil￿0
3.278,777
28.196
548,390
3,827,167
,.£estricted funds
Astilma Day Ceiitre
3.306,973
549.815
3:856,:788
6.330
25,941
3.847
1,530
6,270
930
MFU
Jrolots"
RAP Scott ResearLh
Robcrt Hawkins
8urg'.C¢?I
IAascaSai
C oloTCCtal
C,haritics fimds
AJJeL'rysm
Simsor,
14,679
195.282
15.687
20.835
13,444
9,331
3,548
47,203
3,792
5,036
3,250
2,255
19.635
77
100
242N85
11,586
100,746
316
415
387.218
TOTAL FUND
3 694.191
643.441
4,337,632
Page 13
eontinued...

Chichester Mcdi£al Educatioll CeNtre
NoQos to FIna￿ClaI State￿Ie￿I$- contii nEyed
foT the Year Ended 315t M2rcb 2024
14.
NJOVEMENT IN FUM)S- eontiEti.É,d
N¢t 5novemeiit in funds. tllcluded"n til￿ ￿lbo￿tt ar¢ as I"ollows'.
117¢0mints
reiources
Regollrces
expended
Gains and
losses
Movetnent ".
ii) funds
u￿r￿tr5cted fund5
Desigiiate4 - Endowm-nt fLllEd
Dcsignate¢ - under8r&di￿te
4_18.820
1.425
(98,370)
207,940
548,390
1.425
440,245
(98,370)
207,940
549,815
Restricted fDJnd5
Astliina Day Centre
D£2rrLn
462
1,897
282
(267)
(1,096)
(163)
1.335
5,469
811
6.270
930
MFLI
LTrDlogy
1.074
4,287
1,149
1,524
984
682
5.962
2?
1621)
(8,255)
1664)
(881)
(568)
(394)
(3.428)
(131
181
3,095
41,171
3,307
4,393
2.834
1,967
17,101
67
87
RAP ScofL %esearch
Robcrt kawkin.%
47,203
3,792
Vascular
Colcrecla
Cliaritie*
ADeiiry51n
Siin%on
3,250
19,635
77
loo
18.357
116,368
93,626
TOI'AL FUNDS
468 602
114.738
289 577
643.441
Page 14
continued..

Chpehe$ter Medical Education Centr._
i ot¢s to the Finaneial Statements- ciJu6nued
foT the Year Ended 31st Mareh ?Q24
14.
MOIIEMEIIT JN FUNDS - ¢0-:,tin￿ed
ComGpzrative.s for ￿0ve￿n=,}L 1,.1 [￿ndS
Net
movement
in funds
At 1.4.22
Uiirestricied fund$
Dcsimafed- Ei)6owment fi)J=,d
Dcsignaied - Unoergradu&te .Nn.,I
3,242,666
27,946
36.111
250
3,278,777
28.196
Restrie¢ed funds
Asiknra Day Ccntre
Dartci
3,270,612
36,361
3,306,973
6,318
25.891
3,840
12
50
Urology
L4P Scatt Re%eatrh
Robert I-lawl<iFTrS
.Sui'gical
Vascii&ar
oloit¢tal
ChaTvlies fiuid5
.Aneurvsm
8ims0'.1
14,651
194,909
15,657
20,795
13,419
9.313
73.399
316
414
28
373
30
9S,28?
20.835
25
18
7,712
9,331
378.922
96
387218
'fO7A L FUNDS
3 649.534
3 694.191
15
continutd...

Chp.£lae5ter Medical Education Centr-
Noses to the FFnanci&t Statsments cOFftiTr￿¢d
the Year Ended 315t Illlgreh 2024
MOVEMENT ILN FUL¥DS- cor.¢Én &ed
Compai?tive net Tnovcmeni in fJ.Ids. Included irh th¢ above Lre as follows..
Incomi￿
rtsoJrces
R￿oUrceS
expellded
Gains and
losses
MoveTnerit
in funds
Unrestritted ftsnds
Del￿gnated- EnLfjowrnen¢ fuTrd
Design8t¢d- Undergrnduate fvnd
114.478
250
176,359)
(2,008}
36.111
25?
114,728
Restricted
Asthmrfl Day Celi
Darie
(76,359)
(2,0081
36,361
28:,
1,150
1219)
(899)
{134)
(50)
(201)
(30)
12
MFU
tirology
RAP Scott Regearch
Rob=rt H￿￿ wkiTh%
Siii'gical
V<l5clllai'
C<iioYedal
Cliciitlc￿ fiind.
Aiieiirysin
STni%on
(509}
(6,772)
(544)
(723)
14671
1324)
(2,551)
112)
141
(114)
(1,519)
(1221
(162)
(104)
(73)
6,999
(2)
8,664
696
925
596
415
373
30
25
18
14
18
16,845
(13,168
4,619
8,296
TOTAL FUNDS
Jl.57J
(89 527
2,611
Pagt 16
contihued.:

Chf¢hest¢r Medical duc2tion ve￿￿tFf
Notcs to rhe Ftinancial &it8ternekts- ci.ntFMued
for ihe Year Ehded 31st Ikl¥rch 2O24
14.
MOVEMEE*lT FUNDS - CEk"Trtirg￿ed
A cvrj eiii yeai. 1£ montlis ￿,.(1 pi. or year 12 n]onlhs cotTrbi_4ed position 15 as follows-.
Net
mov•rJent
in fvnds
At 1.422
U])restricted funds
Desigiiated- Endowmcnt
DesTITnated - U¥Jdcr.orndTrEate 4unc.
3.241666
584,501
3,827.167
RestrȢted funqfjs
Astjllna Day Ccntre
3,270.612
586,176
3.856.788
6.318
25.891
3,840
1.542
6.320
937
TFLI
Urology
RAP knqcott Research
Kol)ert l-lawkins
Sui'oical
v￿cular
olorectil
Lh21'£tits fiuids
.4nciiivsi
%imgoFJ
14,651
194.909
15,657
20,795
13,419
9.313
73.399
316
414
3,576
47,576
3,822
5.076
242.485
2,273
27,347
77
101
TOYAL FUI
3 649,534
688,098
4.337.632
Pag=
Continued...

Chu=liester Medicxl Education Ce￿tre
Nts¢' s to Ihe Fina￿¢]41 state￿ients- ¢ttTr.ti￿"￿e
for I',he Yesr E￿￿ed 31st M¥,reh 2024
J4.
I￿0VEMENT EN FUNDS- CO￿1￿1.td
A currenl Jtar 12 moiiihs and pri'tsr }'.=ar 12 months combined nÈt mov¢metrt in funds. in¢luded in the above are
as follows..
Incoming
rLsource
Resources
expended
Gains and
losses
Nlov¢mettt
in fund5
Urthrestri¢ted full]ds
D£s:.gnateé - Endowm¢Dt fi￿d
Dcsigt)aied- Undergnduate Fdnti
553.298
1,675
(174,729)
205.932
584,501
5)4,973
(174,729)
205,932
586,176
R¢stri¢ted r￿lld5
A.￿t1￿m8 D8y Centrc
D¢1￿￿17
(486)
(1.9951
(2971
1.285
5,268
781
3.Q47
453
MFir
U!Dio
1,725
{1,130)
{15,0271
(1.208)
(1,604)
11,035)
(718)
{5,979)
{251
32)
2,981
39,652
3,185
4,231
2,730
1,894
24,100
65
84
3.576
47.576
3,822
RAP Scott Research
Robcrt l-1¢2'Mk'ii)s
1,845
2,449
1.580
1,097
9,226
37
49
is¢ular
ColoiECtai
Cl,.ai-jti¢R fLiiids
A Tici irysm
2273
Ioi
Ls5,202
101,922
TOI'AL FUNDS
6110 175
1204.265)
292,188
688.098
Unrestrieted Funds
The vNqEC Endowmeiit Fuiid lunrcsli Ict￿ hnd5} GQinpriscs ofrentsl from me¢titig room bookings, equipment
hirc. aLnual r¢n*al for-,oo>ms ocCJj￿e[ b} ext¢rnal ¢li¢nts and edu¢ationat gr8llts_ The EndowFnent Fund eD8ures
that :.b¢ faiiric of the building 2S illc Ilitained alld th&t it is equipped and insured appropriately. The CMEC
Eno￿￿￿}en.. Fund bas Ao emplOJct￿ Tlie Endowrowli t Fthid a150 Owns two r¢sidential hollses itt Chichester
wliich aiE l¢t out to Tredical studer.ts Elk d managed by=MEC SLaff.
The Underg]%dllate Fund {unreslri¢*. i fL'.nd) holds fvnding for medical student edUl￿tio￿ The majority of this
fiEnd2rg goes directly Univtt'sEty F.o$pila15 Sussex NHS FoL￿datiOn TTrst but a small retainer is held by the
U1)dci￿￿oIlate Fuyjé, Lnder ihe cd,
trci ofthe Under￿dUate futor who sits ollthe CMEC trustees cOn)n￿ttee.
Restricted Funds
Tlic Postg170uate MediG41 Chariij¢p {',-
-hi-liester} compFÈses cf sevErat funds managed by lead conyultattts frorn
do¥laLiOJiS £Trven for Trdocationa5 utc. è. il lwjd hold¢rs &i'e aware that tbis can only be frorD donations aud oot foT
aiiy !erb'ic&% provided_ ExpendÈivfe ig Jpprovea by a CMEC i-: ust¢e and 15 for edwationlreseaTch purposes.
Page18
contipued_..

ChTcIEester Medical Education Cen¢ri'
Notes its the Financial Statements~ eortiF?ved
ror the Year Ended 31st marc￿ 2024
15.
RELATLD PARTY DISCLORLTIES
There w¢r¢ Tro related party t..&￿￿%￿ct.o￿S for tlie ys9r ep.dthd 31 st March 2024.

Chi=hester M¢ditsl Education Centre
DeÉailÈd State￿¢￿t tsf FI￿#E6ClaI ActiTrBties
for jhe Ye#r Ended 31st M&r¢b 21J24
2024
2023
INC'OME AND ENDOm￿ENTs
DotgatlOEn5 and lega¢ÈÈ5
Df>Dations
Und¢rgradLiats a¢Lount in¢oThi¢
291.378
250
292,803
lov¢stm¢nÉ TnCOTne
Reitiis re¢eiN'able
Inv¢gttne51t incom=
Bali% Iiii¢rest re-eivable
69,235
28,048
2,955
67,218
15.818
L,027
100,238
84,063
Ch? ritable sctivitie
75.561
47.132
Oul ofhow5 5UP¢Fvisor
75,561
Totkil incomi￿g resourees
468,602
131.573
EXPENDITURE
lThvi'stment management co%ts
P011v.olio iy)3nagencn¢
6.512
Ch2ritable activiities
InsiiLince
OtliLI'
Reprfiis &T maint¢i?an
SiiiLiYt accommodation costs
D¢p"¢GiatlOii of ta￿gIble fixecl assets
13.944
93
22.572
11,977
49.604
23
7,000
50,565
98,190
Supryort &osts
Goverv*Dce cosls
li]{Jependeiit Cxal￿TratiOn fec
Pri,fcsojTriial f¢¢
3.500
6,536
3.310
Totsl Iesoulce￿ ¢xpet]ded
114,738
NeÉ income before losses
353.864
Tbis page dees:i01 iOEtn part of th¢ stthtory fiLatt¢ial state￿ents
Page 20

Chithe5ter ￿led]e￿I Eduethtio￿ C¢rltrc
Detsiled S¢al'ement of Financial A(:tlii Ihe
for the Year Emded 315t March 2024
2024
2023
Realised recq)gni5ed ￿aInS losse
Realised gainslllosscg) o'ai fixed ass￿. Én ,-atments
2.5961
Net Èn¢ome
43,695
This page a(ie%"".Ot fom] part of the sf2tratory ￿anCIal $tatem¢nts
Page21