REPORT OF TklE T%U.STEES C£"AL SfA,TEMEtg&TS R TAEfhAR E ED31 202S FOR CHEC EsfER EDXCkL E1>16CAfLO Lewis 6rnwill* (ffrsjtshe*rj ststLKQry NudÈors Applédram BGrns Cticiiester LD 31 2ory25 Report tsf ort of the [￿de￿cEt￿O￿tA￿￿ 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 fteconirn￿n￿&rt Praor,c 3ppli(xble to charthes p¥epariii g tneir acC¢￿nts in accar6anTr yiibk thè FIFkncial Repor￿￿4 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 prov￿￿1￿9 a Post Graduits Meditsl ￿t￿tre lor proM￿￿rig 3n). Unrcalited10$5¢> on inve4￿lleDt Properti￿ amounted io to7,000 the ykar P024'. gains of £170,024). RenÈal incorre for the year on the Investment pioperties wè¢ £64,6121?024-. £69,235). Reser¢eE The trustee5 have reviewed trt CP5GrWs neerts for ttr.e reserv￿ in line with the guidance i%suert by *& Charil, mTlision. The JLlStÈes consider that adequats level Of The tharity to mairiti in should e￿￿8￿ LO 3 lea_ct two veals w<)rth of eYpendilur& Thougil the TJryJStC> Cgnsider thèt ihe iniwe->trients ane bank balaricts l@Id in iirestrrted rund are greèter than a￿ required for tha ￿rrent rieJ& s, thev copsider that;h&i yJ,'Il ba rèuioired Li th¢r- to be Further develtspfflent or the ChartN'5 BctiviiTes. Th! net movewent in unrESUTCted ftjnds an IhoE?se of £160,2i6 12024.. F549,8151, &￿r lossès Gn iTr&riienE prO￿[be9 GY £87,000 (2024-. 93in5 of £l/0,02- 4). The net rnoiiÈment in restrirted funds ¥vas a de(reas£J of 143,151 12024-. intrea* of £93,626) èftér low on investments of £19,28812024- gains of £81,637). V¢Knlsha Mar00￿Y is the Medic61 Education Manager and ..£ fuided by the KSS Deaneri and employed by UTri¥'&r*.ry 0$p￿lS Nh's tLindatlQil Trust. Chithe5ter Med￿1 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 pot2f*ti-. 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 dowm*Tht 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 auidelines on publii ￿ftefit &re of ayiniDn the Q￿lity compl1& all res￿. RecTh&th￿ènL as5p0B￿*￿ent, 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+cha￿an_ There is oo requireEmert for Tfr a￿n￿8[ retir&rnxxnt Oi r.tsLees Th-l ttusteES ￿e appointed by a Fnajorty vote of the seThfjng tr￿￿ee5. FLIII meebngs of the trustees bx)k place ori Klvo occasicns duryng the year. Nevi tDJstees r￿1ve trdiniTrg from tke C,*ritys prO￿￿E0r￿1 3dvisors 2nd the ￿5￿n9 trusteet ensuiing an Undern￿dIng ty thr risk reviews, ￿￿¢.110 of i1)vee 244559 PrEUDpI &fldress St Richards Hosptsl Spio￿e4d Lane Chiolester VV* Sussex PO19 6SE Dr G Dewhurst ChaThan 8 k4iddleton Dr N Gent M John&Th r H Mar>soubi Ms P ￿gbY J 14Jilliams Dr M I'￿￿COm￿e N Ilart L S Ke*es T tylartinttsle C WJller H HinArnan Diyertor of Modi¢al Educatlon D 3eattie Post ¥￿￿￿ate mak&geF MGroodai/ Page ts 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 APpled￿M Barns Birdhèm Road Ichester ivest Su￿eX P020 7EQ lftve5tment Ad¥isers Waverton Eii vestrnent Mana*rnent 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 Sus*x ?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 eaf*a 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 Ptststements complii wiith [l￿e Ciiario Att 2011 &fid The Giarity {AcioiJnts and ReporLsl Regulation¢ 2008. They bre alco responsitle ior safe9L'tir￿I1l o the assets of the charity and hence for taking wsonable Icr Èt*e preven*"oTr and detettfrjn of ffaud ap.- irYgulErities. Appriydett by c&rder or the toard of trustees on .. .. . and sigrEd on ts behèsf by.. Dr G Dewhurst- Twst Page 4 REPORT OF ThE INDEPENDEPIT AUDrroRS TO THE TRUSIEES OF CHICHEsfER MEDICAL EDVCAYfON CENTRE Opinion We have audited the financ￿1 statements of Chichester V*ediol EdU￿tIOn 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 ties in accordan￿ w￿h these requirements. We believe that the èudit evidence we have obtsined is sufficient and appropriats to pm¥'ide a for our 09inion. other Matters The prfor year finanaal ststements and the￿fOre £orro5ponding figures, being the year ended 31 March ?0?4, were not aUd￿e￿. Condusions reL4till9 tr> going CoR￿M In the financial statsments, we have concluded that bie trustees, use of the concern basis of èccounting In the preparation of the finan￿la1 s13tements ts appropriate. Based on the work we have performed, we have not identified any material uncertainties rdlatyng to e¥ients or conditions that, individually or collecknvÉly, rnèy cast stgnifiTrnt doubt on the charity'5 ability to continue as a going concern for a period of èt least twelve rnonths from when the finaaaal ststetnents are autkvJrised for issue. Our ￿spOnSIbl1￿1es and the ￿SponsI￿1￿£S of the trustees vAti respert to going concern are described in the relEvant sections of this report. other l￿forMatiOD Ihe trustees are resronsible for the other infom7ation. The other information comprises the Infomation i￿1￿1c￿ in the Annual Rew¢ other than the financ*1 srdt8nÈnts our Report OF the Independèni Auditors thereon. Chjr opinlon on the finanoal s(atome¥tls doe5 nol cover the other informÈtian and, excÈpt to the extent o'thernisti explicitly stèted in our ￿port we do not esJJrÈss 3￿Y form of 3￿uranCe condu%on thereon. In connecborl with our aud￿ of the finanaa5 •tement5, our responsibility s tr> ￿ad the other info¥tnation Rnd, IN aoing so, consider whether the other Infortnation is materblly incornsstsnt with the finanoal statements or our knob*ltdgÈ obtained In the audtt or otherwise appe6r5 to be materially misststed. If we identy such m£tefièl in￿nsiStenti￿ or pparent nkterial misstatements, we are required to determine ivhether thts gives rise to ti materi31 mi£*acerrRnr in the financial statements themgehles. If, based on the work iNe have perforrned, Ive coTrclude that thire 15 a nTrulerial misstatement of this otsr InfoFYnation, we a￿ required to reportthat tsct. We haije notfEing to repori in thi> Fegèrd. Matters which we Bre required to report by exce io We have nothing to ￿port in rtspect of the following matters where the Charitles (Accounts ènd RepDrt>l ReguluL 2(X)8 requires us to r@port to you if, in our o￿ni￿n.. thé illforrnation given in Ihe Reporc of the Trustees ts Inconsistent ¢n any mateiial [￿pect wjtth the nnana41 tements; or SLrfficieTrt accounting records have not kept; or the financial sL7temerits are not in agreernent ￿1th the accounting reco￿5 and ￿t￿m5,. or we have not received all the inTormati)n and eKpknations reouire for our ge5 PEPORT OF XP40EPENDE T AUDrroiis Yo ThE TRu¥fEES OF cHIcliE￿ER DXCAL EDUCAV0è4 CE Rosp0fi5ibkliknes of tr£￿ee$ As explained mcre fvlly in ttp Trusteeg R￿pOnSibIlIti￿S Sts*mEnt, 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 tnL*Lees determiTr& i: Tre￿550ry io Ènablè tb.e preparab.on of financvèl strtemenL% t￿t ère free Trorn m&tQriol misSthteméDI, whelher due to fraud or eryor. In prepbring the finanoal Statements, the trusteei are responsible ror BSSeS￿ng the charty's abil¥bJ to ￿￿ntIpL￿e 8¢ going concern, disdosTrg, as Bpplicable, fiiètters related to gDi49 contsm and Jsing the going Col￿rn 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 F￿VIng 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 a￿LI￿￿tr, but is not a guarant* that an conducted in ac0ydan￿ with IS￿5 (UK) wiill always detect a material misststement when it exists. Misstatèments caft arise fmm fnud or error and are COns￿e￿d 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 enqJiF￿5 tsf managetnent and inspecting legal correspondence- idertified laws and regUlatiOr￿ were communi￿ted within the auditteam wularfy and the team rernaiij ed alerL to Instan￿ of non-cornplia￿e throughout the audit. We 8sses5e also 9r&ter r￿gard.. IrregUkr￿e5 rtcurring due to frèud rather error, a> frGud involves intentional concealment, forgery, collusion, omission or misrepresentation. A fvrther description of our r¥po¢)sibilrtJ"es for the Eudit of the fitEnclal ststements is Eooted on the Fintinaol RepO￿Rg Counol's webS￿e at wpm.frc.org.uklaud￿rSre5p9TrSlb1lItie5. This description forms part of our Report of the Independent Auditors. Pa9e 7 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) ￿g￿latiOnS 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 ttrrfji*tEd bylaw, we do not accept or aSs￿Me ￿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 rAVEME￿r OF FINANC￿L 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 fOr￿a 3￿￿5￿768 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 ,56￿￿7￿2 732,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 Tru*ees 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 sfATEM*NT5 FOR THE YEAR tNDEfJ 31 MAFiCH 2G25 AccoiJfiTING POLICIES Basis of prepar4YJg the finaneial *atèments The iinanLial si*ments 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&, p￿nd. rin3ncsaJ rewrtSn9 Standard 102- reduced glix1tss￿re exemptions The tharity has tsken ad￿ntage of the followin9 dI￿OS￿re exemp￿.0￿ in prepari￿9 th￿e finanoal s&tem.iants, as permitied by 102 The Financial Rewsrbng Standard applioble in the UK Repvblic ol I￿lan￿.: 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 pro￿ble that the irEcome will be re￿5Ve￿ and the amount be me6$Ure￿ reliably. Expe￿dI￿re abilitie5 are recognised as wenditure as ￿On Is is 3 leg31 or construthve obligation corrimitting L4e tharity to thGt expenditure, is p￿gable thfjt 0 rtnt is d)arged. pFoperties Inve#Dpent propÉrbes are included in the balar￿e sheet at their open marketr ktlue. Ml investment propertie5 are freeh)Id properties 3nd are not subject to an annval deFre¥l3tiot tharge. Page 11 Coli triTrued... CIIECHE¥fEft XCAL EDi¥CAllON CYPéTkE NOTES TO THE FIFI K4CIAL WIITE FQR THE YEAR EKDEF) IL EI£TS- U$51tinueol AIiLTh 20ry5 ACCOiIfftIIG POLXCXES- contyaued LESted i￿ve$￿ents Inve_¢trrents are_ 224 144 29? 803 INVEsfMENT E 24324 Rents retriva￿e InvestmeTht Income 6arbk inte￿¢ receivable 4,S12 26,994 9,?35 ?6.04S' £NCOME F 2025 certre jlfètfj ent 15.?61 Page 12 CGf?ti..uoa._ CHICHkn7ER MEDICAL EDUCATIOII CEP4fkE NOTES TO T4E FOR ThE YEA L STATEblEMTS- conts"riued ENDED 31 CH 2025 RAXSXNG FUNDS Investmertt ma￿ageMent 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 re￿ll￿1 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 Comp￿ter 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) (s￿￿7 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 Indi￿1&ually mater￿1 wthi..i inveutrenr portrollo ar2 detsiied as follo,￿$.. 2th25 20? ankers Inve5tfflent Tru* Pirtèt Funds (Lux) Gbl Environs Opp5 J .4cc xtstbsh Plo￿age Investr￿￿t 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 Re￿￿lUation 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¥0￿C 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-¥i*gs Er> Ie Agents Dn 7 Iloifrnber 2013. DUrI￿g trR year ended 31 P4ordi 2ts25 an inforrnal sJTrdetskoTr b J Slms WIlllEffls tile valu- of b9th investE￿ent troserDes have oeen reflected in the marKÈt Value abov&. rair walue at 31 March 2025 ig repr*itèd by= Voluation in £0?5 732 000 12. ￿E￿yoRS. AMOUMfS FALLZNG OiIE 014E'¥EAR Other debtcr¢ pre￿y￿e￿ts 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 R*arch 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 Lanr*rirted futyds D￿gnatel%- 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.0￿rch 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 Ur01￿Y 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 ￿lA￿CH 20?5 L4. MQVEMEi¥f IN FUNDS- continued Comparalive net rnovement ia fvnds, induded ift the above are as follows- COME￿4 resources Restwrcos xpendetl Gains 105se$ Unresbi40 5tt8.390 440,245 Restrlcted fu￿d5 Asthma thy Centre Darr¢n IFU Urology {98,3?01 ?07.940 462 {267> (1,0961 11631 1,335 5,469 811 1,520 6,?70 a30 282 I,D74 14,287 1,149 1,524 RAP Scott Re5earth Robert HO￿￿k￿ll5 SLi¥giial Vascu53r Coloreckl Cherities Funds Aneurysm Simson 16ill {8, )551 (D64) 3,095 41,171 3,307 4,393 2,834 1,967 17,101 t)7 87 3,548 47,?03 5,036 3,?50 1568) 139-11 (3,4281 {131 18 i82 19,635 77 23 31 10.3u81 93.626 TOYAL FiIMDS Ill4,￿8) 789 577 6d3 &41 Page 18 iofttinued... 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 Un￿St￿lCted 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 Char*ies ￿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)EDti￿51ed YtrtcLed The CMEC Eiidoivment Furid (unrest￿tted funds) compris£- o, Yentsl from m*ting rooffl bocEon.g:, eqiJipnknnt hiro, annual rentsl for rC￿mS OLtupied by external Clients ano gnnts. The £ndo¥%Jm2nt Fund rn¥ui& that the ftbii - of the building is maintsined 2nd th& it is &ouipp=d and insLlred ¥ppropri3tely. Triè C!4jtC End0￿y￿￿rt Fund nas no employees. The Endowment Fund also OWD5 rÈx,dentièl housÈS in ihiol*er ￿￿ni￿ L7re let out tts medical and managed by ￿￿1 L 5tsr. The Undefgr8iluate' Fund lunre5tricted rundl holds fundi419 for meditsl #udent ecluoti(In. The ffièloiity of tlis Funolna goes th.redy tov Universits, Hospitats Su>SèX NHS Fcun¢atioR Trust but a Stnall ￿taIner is heid D5. the Undergraduate Fund, undet the conrrol of the Uridergraduate Tata,- who stL> On CNEC JLisLtsLS wVF71mitte. RestriLted F￿￿￿$ Postgraduote .Medital chartr1￿ (Cliolester) cDmpriu or 5evesal funos mènaged b¥, I&(￿ Coiisul. donations gwÈn for edu(3Uo￿I use. ffLsnd holders are tiW'- -re that b*is can on￿. be from thip.adons Jno ntrt fcr any *WI￿S provided. E￿ndIt￿re 15 approved bi a C￿lEc trustee cP&d is ror edutationlreseaFcki |)i'rposei. Page £0 CllIa4EsfER M£DIQ4L EDUCATJOM NOTES TO ThE FI FQFIT EVEA 5rATE￿E￿￿s- 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 DET￿TLED 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? ExPEND￿VRE 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 a￿ets 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