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RCSI ANNUAL REPORT 2014-2015
78
RCSI is an independent, not-for-profit,
health sciences institution. It operates
under Royal Charter given by King
George III in 1784 to the College for
the governance of surgical training in
Ireland. RCSI's charitable purpose is the
furtherance of education and research,
to drive positive change in all areas of
human health.
Since its foundation in 1784, RCSI has
remained dedicated to its core mission
of educating and training doctors and
healthcare professionals to the highest
standard. RCSI, through this mission,
produces high quality graduates and
professionals with the knowledge and
skills required to deliver the highest
quality healthcare to patients worldwide.
Over time its activities have been
extended to include medical and
healthcare education through
undergraduate and postgraduate
courses, research and various outreach
programmes in local and international
communities. The most recent change
in its Charter in 2010 has provided for
the designation of the College as a
statutory degree awarding body under
Irish legislation. It is a recognised College
of the National University of Ireland
(NUI) and its medical programmes are
accredited by various bodies including
Quality and Qualifications Ireland (QQI),
the Irish Medical Council and other
overseas accrediting bodies for local
programmes.
The Council is the governing body of
RCSI and has oversight responsibilities for
all of the College's financial affairs.
The College is headquartered in Ireland
but its education and training activities
span the three continents of Europe, Asia
and the Middle East, and Africa. RCSI
operates three medical schools overseas,
one in Bahrain and two in Malaysia, with
programmes also in the United Arab
Emirates. The surgical training activities
extend beyond the programmes run
in Ireland to supporting the College of
Surgeons of East, Central and Southern
Africa (COSECSA), with the assistance of
Government support through Irish Aid.
The College's current student base draws
from more than 60 countries and has
Alumni in 70 countries worldwide.
The College primarily operates a self-
funding model which must generate
sufficient financial resources to cover
both current and capital funding
requirements. As a registered charity,
all surpluses earned must be reinvested
for the furtherance of its education and
research objectives.
The financial strategy endeavours to
support this independence by ensuring
disciplined financial stewardship.
This requires, therefore, the balancing of
RCSI
FINANCE
As a registered
charity, all surpluses
earned must be
reinvested for the
furtherance of its
education and
research objectives.
Ms Jennifer Cullinane,
Director of Finance