REPORT OF TklE T%U.STEES C£"AL SfA,TEMEtg&TS R TAEfhAR E ED31 202S FOR CHEC EsfER EDXCkL E1>16CAfLO Lewis 6rnwill (ffrsjtsherj ststLKQry NudÈors Applédram BGrns Cticiiester <LI.-cex 002n 7EQ
CHXCMES'.rE% rtEDICAL EDLECATKODI CENYtiE CONTEiifs DF TIIE F7NANCgAL k7 FOR Ti4E YEAR EFIL>LD 31 2ory25 Report tsf ort of the [decEtOtA Statemetht ot Activities Balad7¢e Sh&t io fQotes to the FiEEancial St3temes>ts 11 21 ?? to 2
eTrlICHESTER &8EDECAL EDIJGQllOld CEWTkE FiEPORT QF TklE TR FOR TT4EY ED 21 MAf4CH ?025 The trustees presentr tsir report with the financial srateriients of ihe tharty for the year ended 31 14orch 2n?5. The trus(tts have adGpEed tile P%OViSiOPS of knouTrting ReportEng ty CtrArtes.' oy fteconirnn&rt Praor,c 3ppli(xble to charthes p¥epariii g tneir acC¢nts in accar6anTr yiibk thè FIFkncial Repor4 S(zlldtird app11r-bl iii f57e JK Republic of Ireland IFRS 10?) {effecuve l January 2019}. OBJEC5XVES AIID AfnVnIES objects¢b aim$ The principal activit of the Chèrity continues tts be that OF prov19 a Post Graduits Meditsl ttre lor proMrig 3n<J advanang, iway of research, lures #nd dÈscu¢tsions, the study and general thowL4Ège of medicine Èné bo£nce 240 oll matters relatng ta the pror£s5 and dciJelopment cf all branches of Wiedi=Ine, sorgrry, ¢Tro verÉriftai7 ,med.;cine, for the benefiÈ of m3nkirtd gerÈrd51 io fulfil its objectives, the tharty works closeby with UFxvEfsity Hosp13 Sussex IIAS FoundatEOn Trusc wthi-: resporfj&ble forke runnino of St Fknchaids H09)tsl, Chid7esEeT. TS PERFORMAFICE The trustees achiel/ed trEeir oducational targets for ?Q741)S aacum4ntkn•d in the HEKSS Qual:bi Vi&nuol arid the EdtIor¢I Str3teg1 Tor 1024/25, in lir with HEKSS reqUirreLo. This i1#t5 the 3rovisM)n of accomffJod)tiCfj T Eneditsl students. In addition, faalib.tr of both space and equitsmeni pre provided frir qu31ified M1?1 pctTrer$ i ordèi to fulfll their educètional and profess35 responsibilTrs. FXIIANCIAL REVIE The Ch3rity assets tsll into thre= main tst&oar=. Lono Leastihold Property being Bu'"Idings, FivL¢r and Equipffient C.¥ Lhe rduc&tioTr CenLt Tnvèstsntsnts corprising i laP,8gd portrcjlio or ip.vestr%enb- and tyb'o frethotd properitr e5 provHJin9 Studenr C3sh hald in Cu¥nt and savings 3ccounts The trustees have rrIed out èn lrnpaimllt review otthe reehold buildings. No iterThs w=re raised that wculd rUSt in oimiYutiOn in the vaFue L)f the pr0p4rr1. P20e I
CE41CHESTER EDICAL EDUCA.TXOPI CENTRE REPORT OP THE TRLI¥IEES FOFL THE YEAki E14DED 31 ARCH 2&Tr25 FKIIANCblL REVIEW InvestFfterfts The tsust have full unrestrct2d pO,er$ of investmettt. The poliLV or the tmtt) ees is to inv&rt sJrplus in a rBnae of lIe1ve ini'etrien+s, whiih are desigfted LO proiode a batsn of income ènd capital growth. Tle truste, poli7 is to maintain Income whilst presen4ng the real value of th- eOed ets. Investments ale maroged thr(xJgh the appointed investmenr manaoÈr, who has the discretion to mcnaoe the portfJ4iO thin on agreeit rirk prohle. Totsl investrnents and peATentage allotiOnS are indica-od beloiv. 2024--025 ri,363,702 ?023-2024 £1,553,686 Inve5kn7.ents UK FLYad Interest 5ewrities UK Quoted Sh8re5 Oth (including Ch) ?¢ 97¥0 1% 94Q/c InvestrETrt performèr reports are prUCed for eac4 mtrir g ty the Ivctment mana9er5. The inveitsrieni directtves (Ire rev¢Éwed annually. Ynvestrtnt Income retriied in the firtancial year was £26,994140?4'. £28,fv8} representing o of £.0 ¥6 {?024'. IO/D on the avesage value Gf investments dJring the year. Durinc the ilear totrl loss& on fixed asset invesLnirnts èmounteg to £L9,?B8 {2024.' gains of L119,55i) which rrs3ts up as redlised of £D,71J (2024.. los5 or £? 5961 and Ji nrealised 555 or £26,0¢1 (2034.. gaiiis OT ¢122,14d>). Unrcalited10$5¢> on inve4lleDt Properti amounted io to7,000 the ykar P024'. gains of £170,024). RenÈal incorre for the year on the Investment pioperties wè¢ £64,6121?024-. £69,235). Reser¢eE The trustee5 have reviewed trt CP5GrWs neerts for ttr.e reserv in line with the guidance i%suert by & Charil, mTlision. The JLlStÈes consider that adequats level Of The tharity to mairiti in should e8 LO 3 lea_ct two veals w<)rth of eYpendilur& Thougil the TJryJStC> Cgnsider thèt ihe iniwe->trients ane bank balaricts l@Id in iirestrrted rund are greèter than a required for tha rrent rieJ& s, thev copsider that;h&i yJ,'Il ba rèuioired Li th¢r- to be Further develtspfflent or the ChartN'5 BctiviiTes. Th! net movewent in unrESUTCted ftjnds an IhoE?se of £160,2i6 12024.. F549,8151, &r lossès Gn iTr&riienE prO[be9 GY £87,000 (2024-. 93in5 of £l/0,02- 4). The net rnoiiÈment in restrirted funds ¥vas a de(reas£J of 143,151 12024-. intrea of £93,626) èftér low on investments of £19,28812024- gains of £81,637). V¢Knlsha Mar00Y is the Medic61 Education Manager and ..£ fuided by the KSS Deaneri and employed by UTri¥'&r.ry 0$plS Nh's tLindatlQil Trust. Chithe5ter Med1 Eduotson Centre hos no eF4ploiiees. Fi&TLZRE P trJsLe4s rfeep the role of the GSanl' oryj fcs activities up.oer constsnt ieview all athiqty Efid pot2fti-. developments of the Jichester MsJiol Education Centre boing disrussed at the quarterly trb'stee conitnittea me¥iTrgs. P3se 2
CNICHEsfE
MEDICAL EDUUITON CEIITRE
REPORT OF THE YRusfE£S
FOR T&gE YEAk ENDED
ARCX 2025
srRilCtilRE. GObERNAIICE AND MANAGE
Governing dowmTht
The CharEry Wa5 L7b11Shed under 3 De2d or Trucc lea 2£, August 196( Tor the blishment or s Pw&-GradL'ate
M&Jiral Centre at Cnid)estÈr. Under the teyns tsF the 2gpemeftt wf(h trthe Health Authority, dJJted 14 Febnjary IQS7, the
Authoriry agrees to rfftintréln the propetty an& grant the l¥ustees a 99 yrar le2se.
ENT
Public bene
The Charity prowdes a Medical Centre ts proml'ftg è6)d £&vancing, stuty aTr.d general kTrtsivléa=.
-e Qi ne C+IICHESfER
EDICAL ELI(ICATION CEttTrE
REP
rtT OF THE YRUSTEE
E'È'ELR ENDED 31 t4kPLH ?02S
FOKY
REFERE
Cf AND ADMINIStRATIVE DET
LeKrys BroiNnlee (Chithesterl rnited
¢tstutory Auditars
APpledM Barns
Birdhèm Road
Ichester
ivest SueX
P020 7EQ
lftve5tment Ad¥isers
Waverton Eii vestrnent Manarnent Ltd
16 Babmèes Street
London
S'NIY 6AH
thbones Investment Management Ltd
l Tr.lorthgate
CnId$teF
PO!9 IAT
ankers
LFoyd5 TSB 8ank plc
10 East Street
ChichesÈer
Ojest Susx
?019 IVJ
TRusfEES' RgspoMsiBILfpi gfATEMEtIT
The tNstees are respaftsibkQ for preparino the Report of tr.e T.-ust@cS the fin3noal >Latsments in axtsro8nce iNjtri
applicable kw and Ui1ittsd Kingd<)m Acwuntng £tsndards (Uniteo Kingdom Gènerally Accepted Accwntsfjg Ptsctic
ChB47ty law requir the truste to prepare financièr ststeffeits for eafa findp.ci31 sieai. Under that law, th? tsue,a
tiève elected EO preoare the finana¥l 5tatement5 In accordance iNbth Uniteo ng1017L &sier4lly Ac&-pteG A(OU.lIng
Pts<xice {Unf(ed ngdom AUrtn9_ndafds and applioble lawl.
Under (Pribl law the truste& must noi èpprovA the finaTrGral sTrtements UEtless"they are sausfied that th1 give 3
and fair vlew QF t(1& skte of aftairs of the chirty and of the inmming resOuS and apL)liotian of resoLrces, ificlu'oing
the income aTrd expenditure, Df the chBrity ior that pericd. In prepriria ihoL& fi311 oal ststements, the tTrJsÈ<es at
required to
selec( su$r4e accounling polioes and then apply th£m consistentls'-
observe the methods and principles in the Charitios SORP,.
make judgements and estiM3tes that are re3sorable prudeii t-
prere the fiJ4 aKi&l strtements on the QGipg ftcern Sa REPORT OF ThE INDEPENDEPIT AUDrroRS TO THE TRUSIEES OF
CHICHEsfER MEDICAL EDVCAYfON CENTRE
Opinion
We have audited the financ1 statements of Chichester Vediol EdUtIOn Centre (the 'chÈrilll Tor ihe yeEr ended
31 Marth 2025 which comprise the Ststement of Financial ActsiAties, th2 Balan Sheet and notes to Èhe Tina(Taal
statements, including a summary of PEPORT OF XP40EPENDE
T AUDrroiis Yo ThE TRu¥fEES OF
cHIcliEER
DXCAL EDUCAV0è4 CE
Rosp0fi5ibkliknes of tr£ee$
As explained mcre fvlly in ttp Trusteeg RpOnSibIlItiS StsmEnt, the tfusiEes are responsib5r tot (he prepaiatiork o,
the fininaal ststeTr.ents which giiie a true 8nd kir viewi, 8nd for such internal control a5 the tnLLees determiTr& i:
Tre550ry io Ènablè tb.e preparab.on of financvèl strtemenL% tt ère free Trorn m&tQriol misSthteméDI, whelher due to
fraud or eryor.
In prepbring the finanoal Statements, the trusteei are responsible ror BSSeSng the charty's abil¥bJ to ntIpLe 8¢
going concern, disdosTrg, as Bpplicable, fiiètters related to gDi49 contsm and Jsing the going Colrn
accounting unless the tnjstees ,er ir¥tend to Iiouidate the charity cr tg trap opar3tr"ons, or nave .qo r&li>tric
alternative but to rto .
dgeD REPORT OF THE INDEPENDENT AUDrtORS TO T14E T
Li¥fEES OF
CHICHESTER MEDICAL EDUCATION CEWfRE
Our Ye5ponsibilities for the audit of the finèncial statements
We have been appointèd as auditors under 141 of the ChaKfties Att 2011 and report In aciordantè wrtrh the Act
relevant reguLitions made or FVIng effett thereunder.
Our objective5 ère to oblÈin reasonaLqe 3ssuran abotjt whether the finanaal statsrnents as a whole ao fffte rrom
matertal tnithternent, whether due to fraud or error, ènd to issue a Report of the InLlependent Auditors that inclLides
our tspinion. Reasonable assuran is a high level of aLItr, but is not a guarant* that an conducted in
ac0ydan with IS5 (UK) wiill always detect a material misststement when it exists. Misstatèments caft arise fmm fnud
or error and are COnsed materia1 if, individually or in the aggregate, they could reogDn3bly be &XP¥Cted ED InJluÈncc
the economic deas1o of users taken on the basis of th¥e finonoal ststsments.
The extert to whith our procedures are capable of detecbng irrLgularibes. induding fraud is dètailed below..
tha engagement partner ensured thatthe engagement teaThi wlleitivety liad the appropriate Cofftpeten,
pabilities and skills to identify or recognise non-compliantt wth applicable laws and gUlatIons.
we identified the Idws and r2gulations at>plic&le to the chcrity through dwussions wtth trustees and orher
management, and from our knowledge and experience of the sector-
we fooJse(J on speof5¢ laws afid regulations which we considered may hgve a direct rnatai31 effett on the
financièl s&tements or the operJtions of the charity, induding ihe ChartLies Att 2011 tsxatvm legislatirtsn, dord
protection, anti-brifrJery, employftEnw environmentsl and hpalth 3nd safety legislation,.
we as£ess& the extent of compliantr with the laws and regulatiors identified ab)ve throuyh making enqJiF5 tsf
managetnent and inspecting legal correspondence-
idertified laws and regUlatiOr were communited within the auditteam wularfy and the team rernaiij ed alerL
to Instan of non-cornpliae throughout the audit.
We 8sses5e REPORT OF ThE E
CI4EtrIEsfE
EIJDE
Y AUDfiOFiS TO TrIE TrUSTEES
MEDXCXL EDiICA
ON CEtffRE
Use of EJ¥r ieport
This leport is made solely to the chèrtty's trustees, body, in accoidantr with Psrt 4 of the Charilies {Ac£ounts tinrt
%eporU) glatiOnS 2008. Our audit work has been uJderf(akeii so that iue might statth to the chatity'tr trust4es rfritse
mètters we are qUired to thte to them in an audito, part and for nts othe-, purp. To Ehe &ulle ex.trnt ttrrfjitEd
bylaw, we do not accept or aSsMe sponsibl1/ to ar.yone otlier trèr5 chaiity ano Ihe cr,8riVs trugcees as o bcdy,
foi otsr vudit wort(, for this ryort. or'for trie o niOnS we have forrned.
Itd
Lewis Brownlee {Cnichester) Mited
Statuiory Auditt¥5
Appledram Barr
81r6harn R03d
Chiche*r
PG20 7EQ
Date..
16 March 2026
Paae 8 CHICHESTER P4EDZCAL EQ>iICAnO
CEiifRE
rAVEMEr OF FINANCL AcrAvrrsES
FOR YIIE YEAR E
31MA
Cfr5 2025
2025
2024
f&SEttIs
XNCOhgE AND E
WMENYS FAOM
Donaiions and l@gacies
124,144
224,144
292,803
Ckr&rÈtrble activities
MediTrl centre
39,819
39,81
Investmènt income
64.614
149
100 2RS
328 577
358.726
4i¥.D02
EXPENDEfuRE ON
Ra'"sing f4Jnds
7,.619
7fiLg
6.>1?
Charitable actllvlt
Medical Trtre
X221 93
147 714
06,?2
Totsl
5¥,012
155 333
114,738
Net gainsl(lossesl on investments
67 IlQO}
86.288)
EI{EXPEP4DfmRE)
161Tr,256
(43,151)
117,105
RECOVICXLIATIQN OF FLINDS
Total Tullds brought fOra
35768
48Q,844 4As7.632
3,6Q4:191
TOTAL FU
DS CARRIED FORWA
4 017 044
437 693
The notes ioFm part ofthLtre fipanLoI s-iatements
Page 9 CHICfrIESTER
EDICAL Ef.IQlCAllO
CENTRE
L SHEET
31 t4ARCH 202
2025
Yotal
fuft¢
unrestr Rtstiictod
niEs
fun
Totsl
Notes
FIXED ASSErs
Tangible is5ets
lfivestMeThts
Investments
Investment property
¥32Z,292
1,322,29?
1,344,949
10 l.Q2Qi,516
li
343,186
,5672
732,Q60
700 QCJQ
3,D74.,808
343,186
3,417,994
2,507 6sS
CLIRREV5Kf ASSETS
Debtors
G3sh at bank
12
20,300
923 531 0?
30,£39
1023 044
948,837
94,507
1,043544
841,668
CREDITORS
Aynounts falliw due withlll one yeèr
13
{6,5O1$
{6.601}
11,871j
Iigr CEIRRE
Y sEr$
1.036 743
829 997
TOTAL Iissgrs LESS CURKENT LI4BIL¥lllES
£017,044
4J7,593
4 454.737
4,337:D3?
ET ASSffS
4 017 044
437 693
4 454 737
JJi 632
14
Unrestrlcted ruinds
Restntted funds
4,017,044
437.693
3.8Jo,iS8
TOTAL FUNDS
4 454 737
4,337 8a2
The findnoial statemÈnts were approved by of Truees and authorised fo,- Issue
and wFere signed on its bethlf by..
Dr C- Dewhurst- Trusiee
Hèrt- Trustee
The notes forrn Part Df these financial stttefftents
Page to ICHESTER MEDICAL EDLICATXON CEwfRE
NOYES TO THE FINANCIAL sfATEMNT5
FOR THE YEAR tNDEfJ 31 MAFiCH 2G25
AccoiJfiTING POLICIES
Basis of prepar4YJg the finaneial atèments
The iinanLial siments or ihe ch.arity, hIch is a public benefit under Tr IS 102, have been wepared sn
accordance the chariti SORP (FRS 1021 'AttoL5nting and Reporting by Charities= StaLerEiep.t of
REcornmended praLti appIic(iole tt> ciiarities prepc..ring ther accounts in accordènce with th: Financi
Reporting Standard applicable ID. the UK and RepJi blic of irelanij IFR5 10?) (effective l )anugry ?019)', Financi
Reporting Skandard 102 'The Finanoal Reporting Stand6rd applic&ble in tli e ènd Republi or Tr@.3nd' aft4 th
CharitEs Art 2011. The fifianaal statements habe been pr2pBred under the histwlol cost conbenÈion, with tp.e
%cption of investments are included marlet i'alue, 3> modified by the revaluation of cetrLaill as<ts.
The financi?& atewnents are prepared in sterfing, ljvhich is tt)È runctional 0jrreTr of the tharitg. 14onetary
amounts in these finanaal s&tements are rounded to neare&, pnd.
rin3ncsaJ rewrtSn9 Standard 102- reduced glix1tssre exemptions
The tharity has tsken adntage of the followin9 dIOSre exemp.0 in prepari9 the finanoal s&tem.iants,
as permitied by 102 The Financial Rewsrbng Standard applioble in the UK Repvblic ol Ilan.:
the reouirements of Sothon 7 Statsrnent OT Cash NodNS.
Income
All ip,come is recognised in the 5trt@mant of financial Acbvittes orscè the chèrity h&s entsdement to #)e fuThds, it 15
proble that the irEcome will be re5Ve and the amount be me6$Ure reliably.
ExpedIre
abilitie5 are recognised as wenditure as On Is is 3 leg31 or construthve obligation corrimitting L4e
tharity to thGt expenditure, is pgable thfjt CIIECHE¥fEft
XCAL EDi¥CAllON CYPéTkE
NOTES TO THE FIFI
K4CIAL WIITE
FQR THE YEAR EKDEF) IL
EI£TS- U$51tinueol
AIiLTh 20ry5
ACCOiIfftIIG POLXCXES- contyaued
LESted ive$ents
Inve_¢trrents are_<tated at marP& I.ue ttl the balance sheer date. -Tr.e StstemAnt of Finanaal AvV(i inclua
the tiÈt gains and low on r@Jalu6tiofla anrt diro)osaii throughout the year. G#iriS ènd losses o
re<tritted investmen-s are allcc8ted-LO the individual r&<ritsd ndS bhsÈd upon tkie ali-,
FIanal inStrMeBts
The only ha£ rinanryal as¥ets and fjnancial liBbFaIti of a t quolfy as basits nnBficiÈI isi¥im'menLe.
Basic finanaal instnjments zie rewgniseo ai anortlstsd cost using tlc effectr&@ ineresc rrhiod okless the
efvett OF discounting would be immaterial, in 'ivhich tss, wouia be ststed at COSE. I
advarKed finap.cial iDStruments.
The Chai ity has nts
The Charity s exempttom dirett tsx3tioD oft its charitsbk rtdairyttes.
nre¥cThclEd fTrdS be used in 8cccrdan Nyith the chartr¥ble ob].eirriV at di5crellon or the
Restrhed frJThds are Traifttsined for each specia,Ist resL?3rdi pro]ecr aiid tr£inino prOgmme ¥Llaer& m1¢
reived for that purpose onb/. SEte reco,"ds are n7aintsined For eath FJf.o. JI detsed bFeakdoiNn rrf th¢
ricted fulE d¢ 15 shown Uer note 14 to the nnaniial ststemènts.
AT10s AND LEGACIES
IF25
Donataons
Undergraduate e CHICHkn7ER MEDICAL EDUCATIOII CEP4fkE
NOTES TO T4E
FOR ThE YEA
L STATEblEMTS- conts"riued
ENDED 31
CH 2025
RAXSXNG FUNDS
Investmertt maageMent eosts
25
Porttolio m3nagement
7.1&14
ciIARrrABLE AcnioTtIES COSTS
Support
costs (see
note 7}
DBrett
Costs
Totsgs
Medical fitr
supp
Rr oJsrs
cosL
fvledkal centre
46.393
Goveittanp costs indudes auditors MuneratiOn tti L7,5(Ml.
IrRusfEES' NeMUtrqEUTZON AP4Cs BEP4EFris
There were no trusteg rell1 eration or other benefts forthe lear ended 31 March 2025 nor for tne year
31 March 2024.
Trustees,
There re no
31 March 2024.
trust&, expenses paid for the year ena&a 3 Maith 2025 Tror for the iweèr £ftoeE
TAKIGXBLE FLXED ASSETS
Compter
45ff4L
qBgipp&tent
LO[4
At l Mpril 2024
AddLtott.s
Dispo£¢als
1,93
226,727
29,294
42,?74
164 r966)
39 294)
42 774)
At 31 March 2025
2 501930
88 1)30
2 590 860
At l April 20?4
Choioe for siear
JirninaTrd disposal
1.195,82G
44,667
39,2942
1,4i5.7?X
5,'.l64
164 966}
4Tr 774)
242'.tt34',
At 31 Marih 2025
1 240 487
28.081
1 268 568
30QE( VALBJE
At JL 14arch 20?5
1261 443
DO.849
AL il Wr¥h ?024
?06 110
1 541. J40
13
Conitnued... CHXCHEsfER KEDICAL EDucAr£.opa CEPIT
NOTES TO
FOFi T
E FINA
EYEA
JAL sir
TENE¥
ENDED 31 2025
FLYED PSSEY I
VEsfMENTS
Cash it
spartof
olio
Li4tte
irov&%trnellts
Tfjtals
ARKET VALUE
At l Apnl 2024
Additions
Diiposals
Revaluatigns
1,316A65
45,121
SQ3,922
Z%4,927
(?51,292) (321,540) (s7 Sd:,
126,QCsi}
IA¢3,686
At 31 March 2025
1 345 194
18.508
NET BOOK VALUE
At )1 March 2025
13&3.7Q-
At 31 March 2014
l i18 565
45
21
1,3b? 680
Th•re iwe nts £nvestrnent assets outslde the
Cost or valuation at 31 Marth 20?S i¥ represw.ted by=
Cash h¢1
std
iThvestm¢th
portfolllo
Yotals
daiuatyop, in LO?5
Co.
1,345.94
ts,50ES
45 194 08 1 363 7ts?
co
At 31st Y¢ arch 20)5
£1.265 713
At 31st Mèrch 20?4
£1 197,432
Inve5trnents th3t are Indi1&ually mater1 wthi..i inveutrenr portrollo ar2 detsiied as follo,$..
2th25
20?
ankers Inve5tfflent Tru
Pirtèt Funds (Lux) Gbl Environs Opp5 J .4cc
xtstbsh Ploage Investrt T¥ust
FuTrdsmith LLP Eoulty I Inc
8,076
54,4Ql
47,0fj.7
52,162
P¢ige 14
c0jl,P.Ua._. MEDXCAL tDL5CATEON CEPéYRE
NLvfESTOTHE F
ATr4C£AL sifATEMEbYfs-
FOR THE YEAR ENDED 31
CH 2025
Ipr4EsffviEkQT PROPER
AEFLVALOJE
At l Nprll ?024
RelUation
799,000
67 000)
At 31 March 2025
732 000
ROOK VALiIE
Ar 31 M-rch 2025
732 000
At 31 March 1024
799,000
xS¥0C co
At Jlst March 2025
476 470
At 21st MaTcfr, ?024
476 470
The markèt value cr the Inptsthient pnpethi es was det&rn3_Ined by Aanco=k ar..rf Partthers, l-¥igs Er> Ie
Agents Dn 7 Iloifrnber 2013. DUrIg trR year ended 31 P4ordi 2ts25 an inforrnal sJTrdetskoTr b J
Slms WIlllEffls tile valu- of b9th investEent troserDes have oeen reflected in the marKÈt Value abov&.
rair walue at 31 March 2025 ig repritèd by=
Voluation in £0?5
732 000
12.
EyoRS. AMOUMfS FALLZNG OiIE 014E'¥EAR
Other debtcr¢
preyets and :'ncam
9.549
30,539
rREDtroRS: A
LIFéTS FALLENG fJUE FArrrksipi ONE YEAR
Liler Greditors
U8.5 arkd ueferred income
7,9D9
6,6rJi
-onrinLiec. CHICWE>IER
EDZCAL EDUCAfioN CEf4TrE
NOTES TO TIIE FS
CEAL &IATEMEIU>- contin&sed
FOR TIIE YEAX EXCSED 31
Ra4 2025
MOVEMEW( IN FUNDS
mc>vemtE
IEE At 311312S
At 1.14124
Uarestrirted fuFtds
Desionated . Endowment fijnd
Designated - UndEryraduate fund
3,827,167
160,256
29.621
kestr6Cted funts
Asthma Day Centre
DarfeD
MFU
Urok)gy
3B56,788
60,256
4,017,044
7.860
{706)
(2,890)
{4293
4,777
RAP kntt Rarch
Robert Hawktsns
Surgiol
laJcular
Ctstorect81
Charities runés
Aneury&n
Simson
IS,227
{1,636}
{21.76QJ
(1,748)
{2,321)
{1.498}
6,5¥1
??0 y?
7,731
23,S
15,195
JQ,546
16,694
IIA86
393
515
(36)
46)
469
4ts7 693
TOTAL FUIQDS
117 IQ5
4 454.737
Met movernent in funds, induded in the above are as follows=
IrtCtsMBh7g
Lanrrirted futyds
Dgnatel%- Endowment fund
32
{10,321)
C67,OUO)
16ty,2¥6
Restr5Lted uEBsJs
ma D3y cep.tre
Darre
MFU
Urolffjy
193
2,019
{3,617)
(537)
(1,?92)
(1913
(2.89Ql
(4291
1.143
14P Scotr Re.0rch
Robert HawkJE
Surgical
'asculè-,
Colorertèl
ChariTres funds
Aneurysm
Slmson.
(2,¥J47)
(27,?ts7°
2,189)
(? 9073
{X.874)
(1,302)
{732)
(9,7-J7)
1,122
I,24
{I,058)
£6?0}
{4164)
(4,Q41)
{2,321 j
[1,ts4tr)
24
33
(44!
(54 D12
19 288)
TOT
L WNDS
58.1'26
155 ?333
86 288}
P6ge 16
carLtiAUt... CHICHESYER MEDICAL EDUCATION CENfRE
NOTES TO THE FIf4ANCIAL sfATEMENTS- eontiThued
FOR THE YEAR EWDED 31 MARCH 2025
IAL
MOVEMENT IN FUNDS- continued
CompaTrIJ frjr movement in funds
movement
IM funds At 3113124
At 114123
Unrestrict&d fvnds
Designated - Endowment fund
De5igfiated- Undergraduate fund
3,278,777
548.390
.425
3,827.167
3,306,973
549,815
3,856,788
Restrictéd funds
Asthma Dèy Cefttre
Darren
MFU
Ur01Y
6,330
25,941
3,847
7A60
6,270
4.777
14,679
195,282
15,687
20,8)5
13,+14
9.331
81,111
316
415
3,548
47,203
3.792
5,036
3,250
2,255
19,635
18,227
242,485
19,479
25,871
16.694
11,58
100,74
29j
51
RAP Scott Research
Rtsbert Havthns
gurgical
Vascular
Colorectsl
Charitres funds
Aneurysm
Simson
loo
3S7 218
a8G..84+
TOTAL FUNDS
3,6>.&,191
Page 17
continueo... CKJCREsfER MEDICAL Ef&VC
TIOX C£TRE
NOTES TO THE FY14ANCIAL SFATEMEtrITS-
FQFt TIIE YEAR ENDED 3L lACH 20?5
L4.
MQVEMEi¥f IN FUNDS- continued
Comparalive net rnovement ia fvnds, induded ift the above are as follows-
COME4
resources
Restwrcos
xpendetl
Gains
105se$
Unresbi CHXCHEsfER MEDICAL EDUCATION CEMTRE
NOTES TO THE FINANCIAL STATEMENTS- cfjntlnuèd
FOR THE YEAR ENDED 31. MARCH 2025
14.
MOVEMEKf IN FUNDS - cont¥ThEEtd
A current year 12 months and pfior year 12 wonths Mbined p05ibon 15 as follows-
movekment
At 114123
in funds At 3113125
UnStlCted funds
Designated- Endowment fund
D&ignated - Underyraduate fu
3,278,777
7Q8,646
3,987,4?3
3,306,973
710,071
4,017.04
Restrktsd funds
Asthma Day Centre
Darren
MFU
Urology
6,330
25,941
3,847
824
7,154
29,321
4,348
501
14,679
195,2S2
15,687
20,835
13,444
9,331
81,111
316
1.912
25,443
16,591
220,725
17,731
23,550
15,196
10,546
9L,705
357
.-09
RAP Scott Research
Robert Hawknns
Surgical
Vascular
ColDrectsl
Charies ndS
Afieurysm
Simson
2,715
1,752
1,215
10,594
41
54
387,718
TOTAL FUNDS
? 69a. 191
4 45:..727
Page 19
continuEd.-_ CMICHESVER MEDICAL ¥DucAf£oi CENTRE
NOYES TO TRE FIWAN
A)R THE YE
L SfATF
E140ED 31 P
ENYS- Ck)EDti51ed
Y CllIa4EsfER M£DIQ4L EDUCATJOM
NOTES TO ThE FI
FQFIT
EVEA
5rATEEs- c•ntsnue¢E
ENDèD 31 MARCX 2&25
RELATED PARTY DIsaosu
There wexe no relatsd paty tran&cUons for the iie2r eftded 31 March ?025.
*age 21 CHICHEsfER MEDICAL EDUCATION CENfRE
DETTLED sfATEMENT OF FINANaAL ACtIVTfJES
FOR THE YEAR ENDED 31 MARCH ?025
2025
2024
INCOME AND ENDOWMENTS
Donations and legaaes
tbnatio
Undergraduate account income
224,144
291278
224,144
292,803
IThvÉ5tment income
Rents receivable
Investmknt income
Bank intsrest reCe[able
64,012
26,994
69.235
28,Q48
2.955
94.763
100,238
Charitable activities
Rent
Totsl incoming resources
358,726
468,60?
ExPENDVRE
lftvestment manègemefjt costs
Portfolio managetnent
7,619
6,512
Charitable artivities
Insuran
Sundries
Other
Repairs &. rnèintenance
Sbjdent acojmmodation costs
Bad debts
Depreoi8tion of tangiole fued aets
17A98
1.085
200
3,147
7,588
21,872
13,944
93
22,572
11,977
LOI,321
9*.190
Support costs
Govemance costs
Auditors, remuneration
Independent examinati( fees
Profession31 fees
7,500
3,500
10,Q36
Totsl resourw expended
155 333
114 738
Net incorne before gains èfLd losses
203,393
353.864
Realised reeognised galns and losses
Carried forward
203,393
353,864
This Fage rtoes notform part of the ststutory finBncial st&tements
Page 22 cHictIE¥fER ME
ZCAL E£IUCArgo
CENTRE
ETAxLE sr
FOR THE YEAK E
OF F.ItQAPICL&L ACTAThES
DED31M
RCH 2025
2025
Realis£d r£togRisÈd galrts aftol los¥es
Brouofrit foroftro
Realtsed gainsl{lox%es) fixed 3sset
inv*m.en¥s
203,393
)5i,8o4
et income
331,2D8
Tris page doÉs not fom part ts°1 tr1e ¥Btutory financial slatements
Page ?3 auidelines on publii ftefit &re of ayiniDn
the Qlity compl1& all res.
RecTh&thènL as5p0Bent, i¢t(n of eW
e Chariy io ma-: gÉd by ? board of trv¥iees, which cuTrn.y COnpri Trn LrustEes. One is appoinred Efj be ttri2
Chairman gne to be the Vic+chaan_ There is oo requireEmert for Tfr an8[ retir&rnxxnt Oi r.tsLees Th-l
ttusteES e appointed by a Fnajorty vote of the seThfjng tree5.
FLIII meebngs of the trustees bx)k place ori Klvo occasicns duryng the year.
Nevi tDJstees r1ve trdiniTrg from tke C,ritys prOE0r1 3dvisors 2nd the 5n9 trusteet
ensuiing an UnderndIng ty thr risk reviews, ¢.110 of i1)ve