Charity Registration No. 1089086
Company Registration No. 04125713 (England and Wales)
THE FOUNTAIN CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
THE FOUNTAIN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | M E Read - Chairman |
|---|---|
| D E C Hudson | |
| D M Roberts | |
| W Roberts | |
| M J Simpson | |
| R H Middlehurst | |
| V Mumford | |
| A Good | |
| G P Thomas | |
| M Jarratt | |
| Dr J E Whitby | |
| Secretary | W Roberts |
| Charity number | 1089086 |
| Company number | 04125713 |
| Registered office | St Luke's Cancer Centre |
| Royal Surrey County Hospital | |
| Egerton Road | |
| Guildford | |
| Surrey | |
| GU2 7XX | |
| Independent examiner | BGM Helmores Limited |
| 114a Cromwell Road | |
| Kensington | |
| London | |
| SW7 4AG | |
| Bankers | HSBC Bank |
| North Street | |
| Guildford | |
| Surrey | |
| GU1 4AF | |
| Solicitors | Barlow Robbins |
| The Oriel, Sydenham Road | |
| Guildford | |
| Surrey | |
| GU1 3SR |
THE FOUNTAIN CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 - 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 - 21 |
THE FOUNTAIN CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their report and financial statements for the year ended 31 December 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
PURPOSES, ACTIVITIES AND ACHIEVEMENTS
The company is a charity which exists to aid the provision of information and relief to cancer patients and their families and carers mainly in Surrey, West Sussex and Hampshire.
Advice and Information
The Fountain Centre was established in 1998 in the Royal Surrey County Hospital, Guildford to provide a caring environment for patients newly diagnosed with cancer, in order to balance the traditional approaches to cancer treatment with a range of complementary therapies and individual support. The Centre is located within the St Luke’s wing of the Hospital on two floors, a level A facility with treatment rooms was opened in April 2012 to extend the services provided by the original centre. Within this Centre, patients, their families and carers can make informed choices about their future and become active in their own self-management. In 2015, the Centre extended its outreach services at other local hospitals. Most administrative staff are employed by the Royal Surrey County Hospital NHS Trust, which is then in most cases, reimbursed by the company. As a temporary arrangement, additional staff have been provided for level A via the hospital at full cost to the Centre.
The Hospital provides the accommodation together with the related utilities in which the centre is located. The company contributes towards the running costs of the Centre. Therapists and volunteers are an essential part of the day to day operation. The Company funds the provision of books, leaflets, audio and video facilities to give information free of charge to those who visit the Centre. The Fountain Centre has a resource website for patients to access information and advice. As a result of COVID the service has also significantly increased its virtual and online services.
Future Strategy and purpose
In order to meet the objects of the company in support of The Fountain Centre operations, the future strategy includes seeking ways to expand the premises and facilities available to allow an increase in the services provided to meet the rise in numbers of people using the Centre year on year. To accommodate trading activities, Fountain Centre Services Limited was incorporated in 2015 and started trading on 1 February 2016. The aims set out in the Business Plan established in 2014 covering 2015 to 2020 have been pursued and updated a nd a centre development strategic group established to monitor, review and update the plan.
The Trustees review the Charity’s objectives and activities to ensure they continue to reflect its aims. In carrying out this review, the Trustees have considered the Charity Commission’s general guidance on public benefit and are satisfied that it meets the criteria in full.
Funding via Tesco’s centennial grant provided us with the opportunity to create a post to work on the Hospital’s new chemotherapy bus. This service began briefly in 2020. Space at Frimley Park and Ashford hospitals was identified and building in the two centres was to begin in 2020. Sadly, as a result of COVID these plans were put on hold with a view to start discussions about developing outreach services in the Autumn.
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THE FOUNTAIN CENTRE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
COVID-19
The COVID-19 pandemic began during the first quarter of the year under review and has continued into 2021. The pandemic has had an impact on the services offered by the charity, fundraising, reserves and governance.
Services
Face to face services at the Centre were suspended for two weeks in mid-March and extended until further notice with the Government’s announcement of social distancing restrictions on 23 March 2020. The Centre continues to offer telephone counselling, advice and support and has enhanced its website to improve signposting, recommended apps and short video material and to run virtual exercise/yoga clinics. The suspension of face-to-face services will continue until our hosts, Royal Surrey County Hospital, are able to relax their current social distancing measures.
A number of the Centre’s clinical staff have volunteered to be redeployed in the hospital. As their costs will be met by the hospital this has the twin benefits of providing the hospital with additional resource and easing the financial pressure on the charity.
Fundraising
The biggest impact on the charity of the COVID-19 pandemic during 2020 was on fundraising – cancelled events, reduced income from donations and the halting of new fundraising initiatives. We are grateful, however, to existing supporters who agreed to fund the online services we launched and to offset the salary costs of those staff who were not redeployed in the Royal Surrey County Hospital and those supporters who substantially increased the level of general unrestricted donations in 2020.
As a result, we saw a rise in net incoming resources rather than the loss forecast in last year’s report. (See Results in Financial Review for more details)
Reserves
The charity’s policy of maintaining a minimum of six months annual running costs as a General Reserve, coupled with the measures outlined above, meant that the COVID-19 emergency did not pose a threat to the services provided. .
Governance
We reported last year that we had been able to maintain good governance during the emergency by holding Board meetings and meetings of its key cornerstone groups via video conference. This practice has continued to the summer of 2021 and is being kept under review.
The Trustees are grateful for the unstinting efforts of their staff and volunteers during this difficult period.
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THE FOUNTAIN CENTRE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
Overall achievements
The service continued to provide support during 2020 and although initially we saw a drop in referral this increased after the summer and we were regularly seeing 100 referrals per month.
Our family support service continued to provide 1:1 support for children online and face to face and the children’s bereavement group became a virtual group which provided regular support for children whose parent had died from cancer.
The PhD study into developing standards on coaching in cancer continued during 2020 and we are looking at publishing the results in 2022. We continued to work collaboratively with Portsmouth University, Health Education England, and Surrey and Sussex cancer alliance.
2020 has been a challenging year to continue and maintain services. We have had to look differently at how we support patients and adapt and flex our service. As a result of changes to treatment and late diagnosis the emotional, social and psychological impact of cancer is more complex and as a result we have introduced a new assessment and screening system to ensure all patients receive a full holistic assessment at the point of entry.
FINANCIAL REVIEW
Results
The net incoming resources for the year amounted to £175,110 (2019: £17,432) including net incoming resources of £37,737 (2019: £18,639) related to designated and restricted funds. At the end of the year General Unrestricted Funds amounted to £464,797 (2019: £327,424), Designated Funds £273,664 (2019: £277,664) and Restricted Funds £128,916 (2019: £87,179).
Fundraising events were restricted to online events and raised negligible sums compared with £52,944 in 2019 from events that included a Fashion show, Cathedral abseil and West End Gala. In addition, general unrestricted donations were £327,026 (2019: £157,998 (see note 3).
Reserves Policy
The Trustees have established a policy whereby the aim is to hold General Reserves which equate to a minimum of six months of the annual running costs of operating the Fountain Centre. We are currently exceeding this reserve target and closely monitor funding needs of the charity on an ongoing basis, balancing the desire to maintain reserves with the cash requirements of developing the future strategy. The Trustees formally review the continuing appropriateness of the reserves policy on a regular basis.
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THE FOUNTAIN CENTRE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
Investment Policy
In October 2019, in view of the low returns available through deposit accounts, and following consultation with an independent financial adviser, Trustees agreed to a drip feed programme of investment into three funds, recommended by the financial advisor, and which reflected the cautious/moderate risk category requested by the Trustees. These funds are administered under a Standard Life Wrap to achieve greater efficiency of operation.
Due to a significant legacy and a few large donations the Fountain Centre's investment strategy was revised to manage these funds appropriately. These funds have been set aside to cover the ongoing costs of posts and their associated services currently covered by grants, which, with termination dates, may possibly not be renewed.
The Fountain Centre board felt it was appropriate to set these funds aside due to concerns regarding accessing future grants, ensuring continuity around these posts and the value they add to patient support. The investment strategy aims to invest £500,000 of Fountain Centre reserves to cover the ongoing costs of funded posts until 2025.
The investment policy adopted by the board is to make investments into managed funds with a cautious to moderate risk profile. The board has appointed an IFA (Independent Financial Adviser) to make recommendations to the Board as to which funds to invest in.
Risk Review
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
External risks to funding have been diminished by the diversification of the sources of fundraising and the establishment of a reserves policy. Internal risks are minimised by the procedures for authorisation, before commitment and payment of all transactions and the policy of bringing forward all major projects for the approval of the Trustees and the annual operating costs budget before financial commitment is made.
Policies are reviewed on a regular basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Status
The organisation is a charitable company limited by guarantee and registered as a charity on 26 October 2001.
Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. At 31 December 2020, the number of members was 8 (2019 – 9) with the total of guarantees of £80 (2019 - £90).
The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. New Trustees are appointed by the unanimous agreement of the Board with the appointments ratified at the next General Meeting.
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THE FOUNTAIN CENTRE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
Members of the Management Committee
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
M E Read - Chairman D E C Hudson D M Roberts W Roberts M J Simpson P B Tree (Resigned 5 November 2020) J C Hughes (Resigned 2 September 2020) R H Middlehurst V Mumford A Good (Appointed 4 February 2021) G P Thomas (Appointed 6 February 2020) M Jarratt (Appointed 13 May 2021) Dr J E Whitby (Appointed 13 May 2021) A S Hodson (Appointed 14 May 2020 and resigned 7 April 2021)
The Trustees are directors for the purpose of company law and trustees for the purpose of charity law. The Trustees who served during the year and up to the date of the report are set out above.
The Directors, together with the Treasurer and the Fountain Centre manager, are responsible for the operational management of the company and for the financial and other controls, procedures and risk assessments to ensure proper husbandry of resources.
The board of Trustees meet on a regular basis to consider and review the charity’s activities, general progress and current financial position. Decisions are then made on matters such as the investment of the charity’s funds and the level of reserves appropriate to each fund in order to meet their objectives.
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THE FOUNTAIN CENTRE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
Statement of Trustees' responsibilities
The Trustees, who are also the directors of The Fountain Centre for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' r eport was approved by the Board of Trustees.
W Roberts
Trustee
Dated: 24 September 2021
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THE FOUNTAIN CENTRE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FOUNTAIN CENTRE
I report to the Trustees on my examination of the financial statements of The Fountain Centre (the Charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Paul Davis FCA
BGM Helmores Limited 114a Cromwell Road Kensington London SW7 4AG
Dated: 27 September 2021
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THE FOUNTAIN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Current financial year Unrestricted Designated Restricted funds funds funds 2020 2020 2020 Notes £ £ £ Income and endowments from: Donations and legacies 3 366,570 - 149,622 Charitable activities 251 - - Investments 3,098 - - Other income 4 951 - - Total income 370,870 - 149,622 Expenditure on: Raising funds Charitable activities 5 39,462 - - Investment management 5 2,059 - - 41,521 - - Charitable activities 6 200,116 4,000 107,885 Other 4,290 - - Total resources expended 245,927 4,000 107,885 Net gains/(losses) on investments 10 12,430 - - Net movement in funds 137,373 (4,000) 41,737 Fund balances at 1 January 2020 327,424 277,664 87,179 Fund balances at 31 December 2020 464,797 273,664 128,916 |
Total 2020 £ 516,192 251 3,098 951 520,492 39,462 2,059 41,521 312,001 4,290 357,812 12,430 175,110 692,267 867,377 |
Total 2019 £ 339,326 51,328 3,493 - 394,147 66,317 - 66,317 306,848 3,510 376,675 (40) 17,432 674,835 692,267 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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THE FOUNTAIN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
Prior financial year
| Unrestricted Designated Restricted funds funds funds 2019 2019 2019 Notes £ £ £ Income and endowments from: Donations and legacies 3 221,271 - 118,055 Charitable activities 51,328 - - Investments 3,493 - - Total income 276,092 - 118,055 Expenditure on: Raising funds Charitable activities 5 66,317 - - 66,317 - - Charitable activities 6 210,812 4,000 92,036 Other 3,510 - - Total resources expended 280,639 4,000 92,036 Net gains/(losses) on investments 10 (40) - - Net movement in funds (4,587) (4,000) 26,019 Fund balances at 1 January 2019 332,011 281,664 61,160 Fund balances at 31 December 2019 327,424 277,664 87,179 |
Total 2019 £ 339,326 51,328 3,493 394,147 66,317 66,317 306,848 3,510 376,675 (40) 17,432 674,835 692,267 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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THE FOUNTAIN CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Investments 13 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Income funds Restricted funds 18 Unrestricted funds Designated funds 20 General funds |
2020 £ 111,313 594,765 706,078 (50,084) 273,664 464,797 |
£ 211,383 655,994 867,377 128,916 738,461 867,377 |
2019 £ 26,729 698,511 725,240 (53,033) 277,664 327,424 |
£ 20,060 672,207 692,267 87,179 605,088 692,267 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 5 August 2021
W Roberts A Good Trustee Treasurer
Company Registration No. 04125713
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
Charity information
The Fountain Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is St Luke's Cancer Centre, Royal Surrey County Hospital, Egerton Road, Guildford, Surrey, GU2 7XX.
1.1 Accounting convention
The accounts have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. All income is included when receivable.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
Gift aid and discretionary trust fund distribution tax credits are recognised with the income to which they relate.
Legacies are treated as received when funds are notified as receivable. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor's intention to make a distribution.
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
Income from government and other grants whether capital grants or revenue grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
1.5 Expenditure
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Governance costs represent the general running of the charity and which are not in respect of the direct management and costs of generating funds and the day to day delivery of the main objectives.
Support costs are directly attributed to the activity to which they relate.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
20% straight line per annum
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Debtors are measured at their transaction value less any impairment losses. They are measured at their recoverable amounts. Cash at bank and in hand are basic financial assets and include deposits held at call with banks, other short-term liquid investments with maturities of three months or less.
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
Creditors are measured at transaction price and recognised when the charity has a present obligation resulting from a past event and the obligation can be measured or estimated reliably (usually the invoice price).
Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.
1.10 Covenants
In a covenant with the Royal Surrey County Hospital National Health Trust dated 21 February 2003 the Fountain Centre agreed to gift the cost of the new extension to the Hospital and in exchange the Fountain Centre will be permitted to use the whole area – including that under the covenant dated 19 July 2002 and the new extension. Subsequent two-year extensions to the initial ten-year licence have been agreed until replaced by a new Rolling Agreement with annual review taking effect from 1 February 2020. The first review is to take place by 30 September 202 1 , or earlier.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds £ £ Donations and gifts 327,026 149,622 Internet giving 39,544 - 366,570 149,622 For the year ended 31 December 2019 221,271 118,055 |
Total 2020 £ 476,648 39,544 516,192 |
Total 2019 £ 276,053 63,273 339,326 339,326 |
|---|---|---|
Unrestricted fund donations include grants of £Nil (2019: £4,050). Restricted fund donations include grants of £111,266 (2019: £106,441).
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 4 5 6 |
Other income Unrestricted funds general 2020 £ Net gain on disposal of programme related investments 951 Raising funds 2020 £ Charitable activities Fundraising 39,462 Investment management 2,059 41,521 For the year ended 31 December 2019 Fundraising Charitable activities 2020 £ Advice, Information and Centre costs (see note) 276,573 Therapy and other direct costs 35,428 312,001 |
Total 2019 £ - 2019 £ 66,317 - 66,317 66,317 2019 £ 263,824 43,024 306,848 |
|---|---|---|
Advice, information and centre costs relate to a contribution to Royal Surrey County Hospital salaries.
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
7 Support costs
| Accountancy Legal and professional General |
2020 £ 2,400 720 1,170 4,290 |
2019 Basis of allocation £ 2,340 Governance - Governance 1,170 Governance 3,510 |
|---|---|---|
Governance costs includes payments to the independent examiner of £ 2,400 (2019- £ 2,340 ) for the examination of the accounts .
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
10 Net gains/(losses) on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds |
|
| general | general |
|
| 2020 | 2019 |
|
| £ | £ |
|
| Revaluation of investments | 12,430 | (40) |
11 Taxation
The company, being a registered charity, is exempt from corporation tax on its charitable activities.
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
12 Tangible fixed assets
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Leasehold | improvements | |||
| £ | ||||
| Cost | ||||
| At 1 January 2020 | 124,371 | |||
| At 31 December 2020 | 124,371 | |||
| Depreciation and impairment | ||||
| At 1 January 2020 | 124,371 | |||
| At 31 December 2020 | 124,371 | |||
| Carrying amount | ||||
| At 31 December 2020 | - | |||
| At 31 December 2019 | - | |||
| Fixed asset investments | ||||
| Listed | Cash in | Other | Total | |
| investments | portfolio | investments | ||
| £ | £ | |||
| Cost or valuation | ||||
| At 1 January 2020 | 19,860 | 100 | 100 | 20,060 |
| Additions | 180,000 | - | - | 180,000 |
| Valuation changes | 11,411 | (88) | - |
11,323 |
| At 31 December 2020 | 211,271 | 12 | 100 | 211,383 |
| Carrying amount | ||||
| At 31 December 2020 | 211,271 | 12 | 100 | 211,383 |
| At 31 December 2019 | 19,860 | 100 | 100 | 20,060 |
| 2020 | 2019 | |||
| Other investments comprise: | Notes | £ | £ | |
| Investments in subsidiaries | 14 | 100 | 100 |
13 Fixed asset investments
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
14 Subsidiaries
Fountain Centre Services Limited is a wholly owned subsidiary of The Fountain Centre. The company is a private company limited by shares and incorporated in England. Its registered office is The Fountain Centre, Royal Surrey County Hospital, Egerton Road, Guildford GU2 7XX. It provides therapy services to cancer patients and their carers at other hospitals.
The Fountain Centre has not prepared consolidated accounts in accordance with the exemption permitted by FRS102 as the total income of Fountain Centre Services Limited is below the consolidation threshold. Separate financial statements are prepared presenting the information of the charity as an individual undertaking.
The investment in the subsidiary is shown at the initial cost of the shares of £100, the called-up share capital. The subsidiary company has traded since 1 February 2016. In 2020 a donation of £Nil (2019: £16,025) was received by the parent from the subsidiary.
| 20 20 | 20 20 | 201 9 | ||
|---|---|---|---|---|
| £ | £ | |||
| Capital and Reserves | ||||
| Called up share capital | 100 | 100 |
||
| Profit and loss reserve | 3,843 | 1 6,025 |
||
| 3,943 | 16, 125 |
|||
| Net Assets | ||||
| Assets | 4,103 | 1 8,517 |
||
| Liabilities | (160) | (2,392) |
||
| Net Assets | 3,943 | 16, 125 |
||
| Profit and Loss Account | ||||
| Sales | 9,893 | 4 9,725 |
||
| Direct costs | (6,004) | ( 3 3,632) |
||
| Administrative costs | (16,071) | (16,053) |
||
| Net (Loss) Profit | (12,182) | 40 |
||
Investments in subsidiaries are stated at cost.
15 Debtors
| Amounts falling due within one year: Tax recoverable on gift aided donations and trust fund distributions Other debtors and prepayments Creditors: amounts falling due within one year Other creditors |
2020 £ 104,387 6,926 111,313 2020 £ 50,084 |
2019 £ 906 25,823 26,729 2019 £ 53,033 |
|---|---|---|
16 Creditors: amounts falling due within one year
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 17 Analysis of net assets between funds Fund balances at 31 December 2020 are represented by: Tangible assets Investments Current assets/(liabilities) |
General Designated Restricted £ £ £ - - - 211,383 - - 253,414 273,664 128,916 464,797 273,664 128,916 |
Total £ - 211,383 655,994 867,377 |
|---|---|---|
| Fund balances at 31 December 2019 are represented by: Tangible assets Investments Current assets/(liabilities) |
General Designated Restricted £ £ £ - - - 20,060 - - 307,364 87,179 277,664 327,424 87,179 277,664 |
Total £ - 20,060 672,207 692,267 |
|---|---|---|
18 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | |||
|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | |
| January | resources | expended | December | |
| 2020 | 2020 | |||
| £ | £ | £ | £ | |
| Postitive Health Programme | 11,642 | 620 | (1,669) | 10,593 |
| Teenage and Young Adult Support Group | 93 | - | - | 93 |
| Brain Tumour Research Fund | 4,648 | - | (204) | 4,444 |
| John Ackroyd Trust | 4,000 | - | - | 4,000 |
| Pranic Institute | 21,616 | - | (21,616) | - |
| Family Support Fund | 37,680 | 73,266 | (61,336) | 49,610 |
| Luigi Francescon Trust | - | 23,036 | (23,036) | - |
| Chemo Bus | 7,500 | 8,000 | - | 15,500 |
| Ashford Outreach Fund | - | 14,700 | - | 14,700 |
| Sport England | - | 5,000 | - | 5,000 |
| Health Education England | - | 25,000 | (24) | 24,976 |
| 87,179 | 149,622 | (107,885) | 128,916 |
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
19 Restricted Funds
Positive Health Programme
The Research project is a Positive Health Programme initiative which takes a holistic view of the health of the participants to enable them to make significant lifestyle changes. It promotes the value of preventative measures aimed at the prevention of cancer or its recurrence. Participation is entirely voluntary and open to both patients who have completed treatment and to carers. It has initially been funded by a donation of £12,600 from the West Surrey Health Authority in 2001 with further funding received in 2009.
Brain Tumour Support Group
The fund was established in January 2013 for the provision of staff training and equipment to improve the treatment of skin cancer and brain tumours. The fund received donations of £Nil (2019 - £735) in 2020 and had outgoings of £204 (2019 - £860).
Teenage and Young Adult Support Group
The support group was set up as a result of a new service provided by the Royal Surrey Hospital for 16 to 24-year-old cancer patients. Funds are raised by the group and used mainly for social events.
Family Support Services Fund
A children’s counsellor was recruited in March 2017 to support children under 18 of parents with cancer. A National Lottery grant funds two full-time counsellors to meet the demand for this service. The grant totals £326,188 over five years, ending in September 2022, with £73,266 being received in 2020 (2019: £106,440). Prior to that the fund was supported by Waverley CCG.
Luigi Francescon Trust
The Trust, who had provided funding in 2019 to provide a new building for children’s counselling, provided funds to finance the development of online services launched during the pandemic and to offset the salary costs of those staff who were not redeployed in the Royal Surrey County Hospital.
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
20 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Balance at | Resources | Balance at | Resources | Balance at | ||
|---|---|---|---|---|---|---|
| 1 January 2019 | expended | 1 |
January 2020 | expended | 31 December | |
| 2020 | ||||||
| £ | £ | £ | £ | £ | ||
| Development fund | 16,862 | (4,000) | 12,862 |
(4,000) | 8,862 |
|
| Garden project | 6,802 | - | 6,802 | - | 6,802 | |
| Art project | 1,884 | - | 1,884 | - | 1,884 | |
| Hascombe oncology support | 1,179 | - | 1,179 | - | 1,179 | |
| Debra Stappard | 9,883 | - | 9,883 | - | 9,883 | |
| Family Support services | 95,054 | - | 95,054 | - | 95,054 | |
| Outreach unit | 150,000 | - | 150,000 | - | 150,000 | |
| 281,664 | (4,000) | 277,664 |
(4,000) | 273,664 |
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THE FOUNTAIN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
21 Designated Funds
Development Fund
The development fund was established from general funds in 2012 for the future development of the Fountain Centre. Expenditure in the amount of £4,000 was incurred in 2020 (2019: £4,000).
Garden Project Fund
The project fund was set up to design and construct a garden for use by cancer patients and their carers in an area at the side of St Luke’s Cancer Centre entrance and leading to the Fountain Centre. The balance of the fund is available for maintenance and improvements to the garden. There was no expenditure in 2020.
Art Project
There was no expenditure in 2020.
Hascombe Oncology Support Fund
This was set up to provide assistance to young people with cancer.
Debra Stappard Fund
The purpose of the Fund is to look after and maintain the Debra Stappard Room in the Royal Surrey County Hospital in accordance with the original establishment of the room by the Debra Stappard Cancer Trust, which has now been wound up. The donation of £10,000 in 2004 by the trust to the company has been set aside to allow such future maintenance costs to be met.
Outreach Unit Fund
This was established from unrestricted general funds to prepare for the expected need for additional space to meet the rising demand for cancer treatment care. There are building plans for the St Lukes’ Cancer Care unit within the RSCH which include positive changes for the Fountain Centre. There remains uncertainty around the situation post COVID19 and how best to provide our services.
The RSCH chemotherapy bus was launched in February 2020 and the Fountain Centre provided services for a short period before COVID 19 lockdown. Service resumed in May 2020 at a reduced level than expected and as a result the decision was made to terminate the contract in February 2021. We continue to consider the need for other premises.
22 Related party transactions
Fountain Centre Services Limited, a wholly owned subsidiary of the Fountain Centre, made a charitable donation totalling £Nil to the charity during the year (2019: £16,025).
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