Charity registration number 1089086 {England and Wales) Company rngistration number 04125713 THE FOUNTAIN CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE FOUNTAIN CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustses N A Hobs¢)n (Chairman) MERead D M Roberts W Roberts M J Simpgon V Mumford M Jarratt DrJ E Wthtlby M l Merryweather D E C Hudson VLMKan (Appointed 29 July 2025) Secretary W Roberts Charlty number 1089088 Company numbar 04125713 Registsred offic8 Royal Surrey County Hospital Egerton Rd Gulldford GU2 7XX Independent examlner Paul Davis FCA Brighl Grahame Murray Emperorfs Gate 114a Cromweu Road Kensington London SIAIT 4AG Banker8 HSBC Bank 12A North Slreet Guildford GU14AF Solicltors Moore Barltyw LLP The Oriel Sydenham Rd Guildford GU13SR
THE FOUNTAIN CENTRE CONTENTS Page Trustees, report Independent examinefs report Statemenl of financlal activilies Balance Sheet 10 Statement of cash tlows 11 Notes *0 the financial ststements 12-24
THE FOUNTAIN CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Twstees present their annual report and financial statements forthe year ended 31 December 2024. The accounts have been prepared in accordance wilh the accounting policies sel out in note 1 to the accounts and comply with the Charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charilias: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as am8nded for accounting perlods commenclng from 1 January 2016). The company is a charity which exists to aid the prowsion of infonnation and relief to cancer patiènts and their familie5 and ¢arers mainly in Suirey, Wesl Sussex and Hampshi. dvice and Infomiatlon The Fountain Centre wa5 established in 1998 in the Royal Surrey County Hospital. Gulldford. to provide a caiing environment lor patients newly dlagnosed wlth cancer. in order to balance the traditional approaches to canr treatment with a range of complementary therapies and individual support. The Centre is located wlthln the St Luke's wing of the Hospital, now named Royal Surrey Cancer Centr8. on floors, a level A faclllly With treatment rooms was opened In April 2012 lo extènd the seNices provided by the original centre. Within this Centre, patients. their families and carers can mak8 infofmed choices about their future and become active in their own self-managem@nL Most adminlstrative staff are employed by the Royal Surrey NHS Foundab'on Trusl, whiGh is then, in m081 ca$e$, raimbur3ed by the company. The Fountaln Cenlre operates under a rolling IwTryear Service Level Agreement (SLA) with the hospital. which is scheduled for renewal in April 2025. A review of the current SLA is already underway. The hospttal currently provides the accommodalion and associated utilitie5 foi the Centre. The Fountain Centre ¢ontribute5 to its operational costs. Therapists and volunteers-vilal lo the Cenlre's daily operations-are recruited through the Royal Surrey Volunteer Seryice. The Fountain Centre also funds the provision of books, leaflets, and audlo-visual materials to ensur8 Vlsltors have free access to Infomation. Addilionally, the Centre maintsins a dedicated resource website offering patients information and advice. Since 2022, the Centre has significantly 6xpand6d its virtual and online servlces. Futu ose In order to meet the objects of the company In support of The Founlain Centre operations. the future strategy Includes seeking ways to expand the premises and facalilies available lo allow an increase in the servi5 providéd lo meet the rise in numbers of people using the Centre year on year. The current business plan runs lo the end of 2025. Discussions on the new Business plan started in November 2024 and il was agreed to develop a 5 year buslness plan and strategy. To accommodate Irading acliwlies, Fountain Cenlre Servlces Limited was inGorporated in 2015 and started trading on 1 February 2016. At the end of 2024 the Directors of the trading company, in consultation with the Fountain Centre's Board of Trust8es, decided to end ils chargeable activi118s in order lo concentrate on addressing the growing requirements al the Centre and to allow the company to remain domiant until the charills fure strategy had been agreed in the new 2025 Business Plan. The Trustees rèview the Charivs objectives and activilies to ensure they conlinue to rellect Its aims. In carylng out this review, Ihe Trustees have considered the Charity Commisslon's general guidance on public benefit and are satisfied that il meels the criteria in full. Unfortunately, we were unablÈ to restsrt our services at Frimley and Ashford Hospitals due to increased demand and capacily issues at the main hospital. As our pres8nc"e wilhin the Royal Surrey Cancar Service grows. it was agreed that for the immediate fuiure. we would focus on developing the new space and increasing our scope of work within Ihe main cancer c8ntr&.
THE FOUNTAIN CENTRE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 While the Gurrent financlal position of The Fountain Centre remains healthy, Twstees are mindful that we are entering a more challenging economic dimale. This may impact not onty the Centre direclly, but also th8 availability of exlemal fundlng from gBnt-making bodies. In response. Trustees work dosely with the Head of The Fountaln C8nlr8 to regularly assess ongoing demand for the service and èxplore how it can conlinue lo be susta5nably funded. The Board activety considers both medium- and long-temi funding strategies, and the Head of the Centre provldes updates on fundraising progress and developmants at aach quarterfy Board m881ing. Governancé We have ¢ontinu6d to maintaln good govemance through regular meetings of the Board of Trustees and ils constituent cornarstone groups and these have been well attended. The majority of Ihese meetings have been held face to face but trustees have used video Conferen faclltigs where these have been more convenient for the members ¢on¢emed. The Trustees are grateful for the unstinting efforts of thelr staff and volunteers durfng this demanding period. Overall achlevements In 2024, the Founlain Centre experlenc8d continued growlh in demand for its seNices. General referrals Increased from 1,157 in 2023 to 1,378 in 2024. Notably, there wa5 a 24.50A rise In referrals to our Family SeNice and a 15•A increase in overall appointmants, bringlng the Centre ¢los8 to full capacity, Our relationship wlth Guildford CAB continued into its 4th year and w8 saw a lolal of 226 referrals. 672 different issues discussed, and Clients are in receipt of, or are expected lo receive. £741,487 in welfare benefits and othèr financial help A $ignlficant development thls year vS the opening of the new Cancgr Centre in August 2024. This space has enabled the Royal Surrey lo manage the increase In demand by provlding a larger walting area and new clinic rooms. The Fountain Centre was allocated a large space in the wa¢ti'ng area, which was deslgnaled as the Fountain Centre support and wellbeing hub and provid8d the Fountain Centre wilh rnuCneeded additional space. This expansion enabled us lo launch new support groups focused on managlng fatigue and sleep issues, enhancing the holistic support avallable to patients. The space has a number of information screens so patients can understand what seNlces are Provided whilst waiting for thelr dinic appointment. In the same month, we recrurted an oncology physiotherapist to help realise our long-lerm vlsion of integrating exerclse m•diane Into Cancer care. This role has slrengihened collaboration with Clinical Nursè Specialist (CNS) teams across the hospital. The physiotherapist now regularly attends multdIsdpl]n8ry team meelings and is working alongside the University of Surrey and the Breast Team to ¢Q-develop specialist advice and support tailored lo pallents, needs. This initiative empowers patienls to manage trealm8nt side effects and regain confidence in retumlng to exercise. While our partnership with Ihe Pituitary Foundatlon eontinued in 2024, we decided lo conclude the GRACE Counsellor projeGI followlng a olralegic rewew. We also ceased providing services dlrectly at Clrde HÈallh. bul reaifirnied our commitment to the broader community by wetcoming all local private patients to access Fountain Centre servioes at the hospital. A major focus in 2024 was Ihe redevelopmenl of our palient wellbeing garden, a cherished space for refleclion and recovery. We began planning and capital fundralsing for Ihi5 project. which is expected to be compleled and opened In 2025. Our marketing team undertook a marketing survey and branding review to understand how patlents, carers, and professionals perceive the Fountain Centre and 10 Identify opportunities to strengthen our identity, improve communication, and enhance engagement. Staff development remained a L)Jrnerstone of our progress. Key highlights include: our acupuncturlst commencing a PhD focused on cancer care. Our PsychologiLxI Lead beginning a Masterfs degree in Health Psythology. Our Centre Manager participating in Ihe NHS Leadership Academy's Rosalind Franklin programme. Our Cancer Coach PhD candidate published Iheir first paper in a peer-reeWed heallh ioumal, marlllng an Important milestone for our evidence-ba5ed praGtice.
THE FOUNTAIN CENTRE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 We also deepened our engagement with a national coathing organisalion, llaboratIng on the development of standards of practice for c8nc8r coaching, helping shape lh2 future of thls growing field. Finally, Tha Fountain Centre's commrtment to working dosely and in partnership with the Royal Suffey led us to undertake a joint NHS England Quality lrnprovement IQI) project focused on care administration. This project aimed lo ensure that every eligible patient is consislenlly informed about the wellbeing support avallable Ihrough the Fountain Centre. reinforcing our shared commitment to equity and access. Thls prolect will continue into 2025 and through this collaborallve approach, we aim to Strengthen our integration within patients canor pathways, aligned our processes more closely wilh clinrcal teams, and ensured that 8molional and hollsllc support is embedded for the patients from the point of diagnosis onwards. Fundralslng We held a number of fundraising events during 2024 induding a sponsored skydive. a Fashion Show. and the Christmas Concert, bringing in £80,860. We are grateful for the continued contributions of donors and supporters, especially those who enhance their donations through glft aid which reali5ed £38,586 during 2024. We continued to be funded for specific activities and roles and ar8 very gratefvl for the ongoing svpport from our donors. Our healthy fundraising meant Ihal our income exceeded our running costs in 2024, enabling us again to replenish some of the reserves we were forced to draw on in 2Q21, whl¢h have now almosl recovered lo Iheir preknCOVID state. FINANCIAL REVIEW Re8uIts The nel in¢oming resources for the year amounled to £157,515 (2023.. £78,704) including nel Incomirig resources of £133,028 12023: £18,343) lated to designated and reslrictad funds. At the end of the year General Unreslricted Funds arnounled to £451,287 (2023: £426,800), Deslgnated Funds £259,058 {2023: £271,595> and Restrictèd Funds £331,031 (2023: £185,466). Fundraislng evènls ralsed sums of £80.860 in 2024 (2023: £101,613). In addits'on, general unrestricled donations were £229,084 {2023'. £198,858) (see note 2). serve Th• Trust•os havo 8$tablighod a polioy whcroby the oim IJ to hold General ReseNes wliiLlI gyudl& Its mlnimum ol six months of the annual running costs of operating the Fountain Centre. While we currently exceed this reserve target we ctosely monitor the funding needs of the charity on an ongoing basis, balanclng the deslre to maintain reserves with the cash requirements of developin9 the future stralegy. The Trustees formally review the continuing appropriateness of the resems policy on a regular basis and will pay Speclal attention to thi5 during the development of a new Business Plan in 2025. Investmon Polic and Strdte As reported previously, due lo a signifi(xnt legacy and 2 few large donations. The Fountsin Centre's investment strategy was revlsed at the end of 2019 lo manage these funds appropriately. These funds have b88n set aside to cover the ongoing costs of posts and their associated services currendy covered by grants, whlch. with terminatlon dales. may possibly not be renewed. The Fountain Centre board felt tt was appropriate to sel these funds aside due lo concerns regarding aeLessing future grants. thereby ensuring continuity around these posts and the value they add to patienl support. In 2019 an initial amounl of £200,000 was earmarked to be drip-fed into three funds under a Standard Life wrap, which was completed in 2020. A later decision was made in 2021 10 invest a further £300,000 and to modify the investment pollcy so that we could be assured that Ihere was no direct exposure of the charity lo the tobacco Industry, resulling in investments in Ihe Quillei Chan"tles Fund and Iwo new funds under the Standard Life WTap. As a result of economic uncertainty, the monlhly drip-feed into the wrap fijnds was stopped at the point where only c.£435K of the tolal Ixlmmitment lo £500K long-lemi irweslmenls was completed.
THE FOUNTAIN CENTRE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The board continued to consult with its IndèperKlent Financial Adviser (IFA) on the ¢harity's investment portfolio and in the summer of 2024 deaded to close tts existing lunds. replaung tham wilh a fund managed by Rathbones. on a discretionary basis. These inveslmenls. then valued at c, £456K were transferred to Rathbones during the third quarter of 2024, and at 31 Dember 2024 stood at c.£363K (c.£411 K at 31 December 2023) axcluding cash balances held in the portfollo of £89K (c.£20k at 31 December 2023). Risk Revlew The Trustees have assessed Ihe major risks to which the Charrty is exposed, and are s$r1ed that syslem5 are in place to rnitlgate exposure to the major risks. Thg most significant risks to the organisation have been Identif as: We need to add fvndraising expertise to the trustee board. We need to have a robust plan to reduce the risk of reliance on a Concentrated number of donors by Improved diverslltcalion of our Ir)corne slreams We need lo add our relationship with the Royal Surrey Cancer Centre to Partnershlp working. We need to Increase focus on volunteer training to rnake SU it Is completed on timg. Trustees recognise that, while steps have been taken to reduce exposure to funding and operational risks, challenges remain. External risks have been mitigated to some extent Ihrough a broader approach lo fundraising and the introduction of a reserves policy. Internally. procedures are in place to manage risk through authorssalion protocols and the requirement for Truste8 approval on major projeds and annual budgots. These easures are kept under rewew lo ensure they remain appropriate in a changing environment. Policie5 and the rlsk reglsler are reviewed regularly, and all clinical governance matters are addressed during monthly meetings hèld within the hospital. Finance and Governance meeting5 have standing agenda items, providing a forum to discus5 any inciden13, complalnts, or emerging risks.
THE FOUNTAIN CENTRE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Status The organisation is a charilable company limited by guarantee and registered as a charity on 26 Octobar 2001. At 5ts meeting in May 2024. the Board of Trustees agreed lo adopt the Charity Governance Code in order to improve the charily's adherence lo best standards and lo work towards its full Implementation. The Board has begun a programme of reviewing its performancè against the Code's Principles and by the end of 2024 had completed a revlew of PrinpIe 1 The Overarching Prinoiple and agreed on action to further improve our adherence to Ihe Code . Members of the charitable company guaranlee to contrrbule an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. At 31 December 2024. the number of members was 1012023.. 10) wilh the total of guarantees of £100 {2023.' £1001. The company was established under a Memorandum of AssOation which sèts out the objeds and poweis of the Charitable company and 55 governed under its Articles of Association. These Artldes were reviewed in the firsl half of 2022 and the Board agreed changes which were reported on previously. Members of the Mana eTngnt C mmltt The Trustees, who are also the directors for the purpose of company law, and who Served during the year were.. N A Hobson {Chalrman) MERead D M Roberts W Roberts M J Simpson V Mumford M Jarrati Dr J E Whilby M l Merryweather D E C Hud3on VLMKan (Appolnted 29 July 2025) 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 lo the date of the report are set ¢wI above. The Directors. togelher with the Tr8asurer and the Head of Fountain Cenlre, are responsible for the operational management of the company and for the financial and other controls, procedures and risk as59ssments to ensure proper husbandry of resources. The board of Trustees meet on a regular basis to conslder and review the charily's aclivilies, general progress and current flnanc5al 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. At the charity's annual meeling in July 2024 four tnjsleesldirectors - Martin Read, Moni¢• Simpson, Douglas Hudson and Wyn Roberts stood down and offered themselves for re-election. All four truslees were unanimously rlected for a period of 3 years.
THE FOUNTAIN CENTRE TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 statement of Trustees, respons1bll1É£ The Trustees, who are also the directors of The Fountain Centre for the purpose of company law. a responsible for preparing the Trustees, Report and the financial statements In accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Truste epo as approved by the Board of Trustees. N A Hob80n (Chalrnian) Twslee 81k 3o•2025
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 2024. Responsibilities and basls 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 accordan with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b} crf the Charities Act 2011. Independent examiner's statement Since the Charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, 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-. accounting records were not kept in respect of the Charity as required by section 388 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statemenls do not comply wilh the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Praclice for accounting and reporting by charities applicable to charilies preparing their financial statements in accordan 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 vis FCA Ind endent Examiner Bright Grahame Murray Emperor's Gate 114a Cromwell Road Kensington London SW7 4AG Dated.. 18 September 2025
THE FOUNTAIN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Currentfinanclal year
Unrnstrlcted Unrestrlcted
funds
funds
general designated
2024
2024
Restrlcted
funds
Total
Total
2024
2024
2023
Note5
Income from:
Donations and legacies
Investments
309,944
26,140
448,321
758,265
26,140
616,959
17,393
Total Income
336,084
448.321
784,405
634,352
Exponditure on:
isin
Fundraising and publicEty
Investment management
94,298
2.645
22,618
116,916
2,645
84,243
2,719
96.943
22.618
119,561
86.982
Charltable acllvltles
Other expenditure
223.033
5.552
12,537
280,138
515,708
5,552
488,895
3,854
Total expendlture
325.528
12,537
302,756
840,821
579,711
Nel gainsl
THE FOUNTAIN CENTRE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor Ilnanclal year Unrestricted Unrestrlcted funds funds gengral de5ignat8d 2023 2023 Restrlcted fundg Total 2023 2023 Notes Income from: Donatlons and legacies Investmènts 300,471 17,393 5,000 311,488 616,959 17,393 Total Incoma 317,864 5,000 311,488 634.352 Expenditure on: fund Fundraisin9 and pUbllty Investment management 84,243 2,719 84.243 2,719 86,962 86.962 Charitable activities Other expenditure 190.750 3,854 862 297,283 488,895 3,854 Total expendlture 281,566 862 297,283 579,711 Net gainsl{losses) on Inveslmenls 24,063 24,063 Net income and movèment In funds 60,361 4,138 14,205 78,704 Reconclliation ot funds: Fund balances at 1 January 2023 366,439 267,457 171,261 805.157 Fund balances at 31 December 2023 426.800 271.595 185,466 883,881
THE FO.UNTAIN CENTRE BALANCE SHEET ASAT31 DECEMBER 2024 2Q24 23 Inveslmerrta 11 363,161 410,729 Currnntimots Pobtots Cash at bank and in hand 23.47a 788.252 22,703 497.196 811,725 Clgdltora: 5.19,899 '. •knOynts f•.!!IDg thIn 14 133,500) N•t eurr•nt.as•ats 87.8325 478,132 Tolal lrn• currnnt114blhU 1.041,376 883,861 The fund• of'th• Ch4rlty Re8trtded Inojme fund# Unr8slrlcted funds- genero1 Unrn61tlcted funth- ¢iiatsd 19 17 15 331.031 451287 .269,058 . 1B5.486 426,800 271,595 1.041,378 883,881 The compaTry18 ontllled to the.exnpfjon from audrt rewkement ¢onlatrd In 477 ofthe CompanlegArt 2006, tné yw èndad 31 Uédèmber 2024. Tha dlrocttv# aoxfiowé bw fèty5iiW01 for Cnp[Y]g Thrflh thè re(pJlremÈnts ol thé eompardes 2008 wtth reBpe¢t to aceountlng reccds and the preparallon pf financlal 8IAlemenl8. Tho mombefs nol requtTYd tho coh)pany ts ob&ln audit of Its fin8nd3lsiatemants forthe y88r In questloft In ¥.wor49nfi9 th IgGllon 476, Th¢Je 8tsl¢ments have.t•D. proparo4 with tho prMglw?4PPNctha to Compan1 BubJ8Ct lo. Ibg $rno11 Bompanbs rlMe. The IlnHn¢lal me W0'apProVad bytha Tiiistees on ... lrnian) Chalrnian and Truteé Compahy regislrntioTr numbor 04125713 (Englaftd and -io-
THE FO.UNTAIN CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flow¥ from OPOrnllng acllvllle .4h gFnqrHhrt from opgr¥lio 21 31653 Invostlng aGtivttlo• Re-anatysl8 of cash from thd asset invesiments Purch9 ol olb¢r Investments PrDffjgds Tram dtSP.Q5al of ¢lher Invesbment8 Invèstment recehrnd 13225 (458.546) 618.058 26.137 17,393 Nat ca•h geh•Mt•d from Inv•gtlng actlvluoo 7,e49 fl•t ca•h usqd In ftnxnclng •dlvlll 'Ket Incroa•e In cash'and cash equlval•nts 2gi,056 61418 osh and ca•h eqUTnIS •1 boglnnlrig ofyè ,198 433.780 Uash. arid ¥h •éulValéfil& Atétta Myédl 788252 497,199 11
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charlty Infomtstlon The Fountain Centre Is a private company Ilmiled by guarantee Incorporated in England and Wales. The registered offlce Is Royal Surrey County Hospital. Egerton Rd, Guildford. GU2 7XX. 1.1 Accounting convention The financial statements have been prepared in accordance with the CharIt5 9overnlng document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, fFRS 102.) and the Charllies SORP 'Accounling and Reporting by Charities: Statement of Recommend8d Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Sl8ndard applicable in the UK and Republic of Ireland (FRS 102)" (effectlvè 1 January 2019). The Charity Is a Publlc Benefrt Enlity as defined by FRS 102. The financlal statements are prepared in sterling, whlch Is the tunctional currency of the Charity. Monetary amounts in these financial slatements are rounded to the nearesl £. The financlal statements havè been prepared under the historical cost convention. The prlncipal accountlng policies adopted are sel out below. The charfty con$lltLrtes a public benefit entity as defined by FRS 102. 1.2 Golng concern At the lirne of approving the financlal statements. the Trustees have a reasonable expectation that the Charlty has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trusteès continue to adopt the going concern basis of accounting in preparing ihe financial statements. 1.3 Charitablo funds Unreslricled funds are donatlons and other incoming resources re1vable or generated for Ihe objects of the charity without further sperIed purpose and are available as general funds. All Income is inGluded when recelvable. Daslgnated funds are unreslricted funds eamiaiked by the trustees for particular purposes. Restricted funds dl¥ lu used for speclllc purpose8 as lald down by Iho donor. Expenditure whlch meets these ultèrla Is charged to the fund. together with a tdir allocation of management and support costs. 1.4 In¢ome Income is recognised when the Charity is legally entitjed to it after any performance conditions have been met, the amounts be measured reliably, and il Is probable that income will be received. Voluntary income is received by way of donations and gifts and is induded in fvll in the Slatemenl of Financial Aclivities when receivable. The value of services provided by volunteers has not been Included. Gtft aid and discretionary trust fund distribution tax credits are rect)gnised with the income to which they relate. Legacies are treated a5 received when funds are notrfied as reNable. Receipt of a gacY, in whole or in part, is only considered probable when the amount can be measured reliably. and the charity has been notlfied of the 8xeculorfs intention lo make a distribution. 12-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles {Contlnued) Income from govemment and other grants whether capital grants or rav8nue grants is recognised when the charlty has entitlement to the funds, any perf0rrnan conditions attached to the grants have been met, tt Is probabl8 that the income V11 be receivèd and the amount can be measured reliably and is nol defaed. 1.5 Expenditure Resources éxpended are recognlsed in the period In whlch they are incurred. Resources expandéd indude attrlbulable VAT which cannot be recovered. Governance costs represent Ihe 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 diredy attributed to the activity to which they relate. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at C05t and subsequently measured at ¢051 or valuation, not of depreciation and any impaimienl losses. Deprecialion Is recognised so as to wrile off the c05t or valualion of assels less their residual values over thelr useful lives on the following bases.. LeasehoSd improvements 20•A 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 recogni$ed in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transactlon price exdudlng transaction costs, and are subsequently measured at fair value at each reportrng date. Changes In falr value are recognised in nel .incomel(expenditure) for the year. Transaction Costs are expensed a8 incurred. A subsidiary 18 an entity controllèd by tho Charbty. Control is Ihe power lo govem tho financial •nd oparatln9 policies of the entity so as lo obtsin benefits from its activities. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at 11 with banks. other short-tem) liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In Gurrent liabilities. 1.9 Financlal instruments The Charity has elecied to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of tts financial instrumenls. Financial inslruments are recognised in the Chaiity's balance sheet when the Charity becomes party to the ¢onlraclual provisions of the instrvmenl. Debtors are measured at their transaciion value less any impairment losse5. They are measured at Ihelr recoverable arnounls. Cash at bank and in hand are basic financial assets and include deposits held at call with banks, other short-lemi liquid investments with maturities of three months or less. Creditors aro measured at transaction price and iecognised when the Charity has a Present obligation resulting from a past event and Ihe obligation can be measured or estimated reliably (usually Ihe invoice price). 13-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcle$ (Contlnuedl FinanThal liabilities aré derecognised when the Charivs contractual obligations expire or are discharged or cancelled. 1.10 Covenants In a covenanl with the Royal Surrey County Hospital National Heallh Trust dated 21 February 2003 the Fountaln Centre agreed lo gift the cosl of the new extension to the Hospltal and In exchange the Fountaln Centre wlll be permitted to use Ihe whole area - Inthding that under the covenant dal8d 19 July 2002 and the new extension. Subsequent two-year exfensions to the initial len-year licence have been agreed unlll replaced by a new Rolling Agreement with annual review taking effect from 1 February 2020. The agreement was renewed for a further 12 monlhs from March 2022. A new service level agreement, containing lease details, was signed in April 2022 for a further year. This agreement was reviewed in April 2023 following the completion of the St Luke's Cancer Cenlre renovation. whereby a new rolling agreernenl with an annual revlew was agreed to be effective for 2 year5 to April 2025. Donallons and legacles Unrestrfctsd Deslgnatsd Restrlctsd fund8 funds fund3 Total 2024 Totsl 2023 Oonations and gifts Internet giving 251,344 58,600 448,321 699,665 58,600 553,102 63,857 309,944 448.321 758,265 616,959 For the ygar endgd 31 December 2023 300.471 311.488 616.959 Unr8Stricted fund donations indude grants of £Nil (2023: £NII). Restr]cled fund donations Include grants of £375 (2023- £1,125). Ral¥lng funds Unrostrfctsd Restrlcted funds funds Total 2024 Total 2023 Charitsble activities Fundralsing 94.298 22,618 116.916 84.243 nv 2.645 2,645 2,719 96.943 22,618 119.561 86,962 14-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ralslng ndS (Continuéd For the year ended 31 December 2023 Fundraising Investment management 84,243 2,719 84,243 2.719 86.962 86,982 Charltable activlties 2024 2023 Advice, Information and Centre cosls (see note) Therapy and other direct costs 471.250 44.458 433,190 55,705 515.708 488,895 Advice, information and centre costs relate to a con1nUl1On to Royal Surrey Counly Hospltal 5alari8S. Trustoes None of the Trustees (or any persons Connected with them) received any remuneration or benefits from the Charity during the year. No trustee expenses have been incurred durlng the year (2023: £nil) Employe89 The average monthty number of employees durlng the y6ar was: 2024 Number 2023 Number Total There were no employees whose annual remunerati(m was more than £60,000. 15-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs 2024 2023 Basis of allocation Accountancy Legal and professional General 2,520 1.200 1,832 2,640 Govemance 1.200 Govemance 14 Goveman 5.552 3,854 Governance Costs indudes payments to Ihè Independent examlnar of £2,520 (2023". £2.640) for the examination of the accounts. Net galnsl(losse8) on invèstm•nts Unrestrlcted Unrestrl¢ted funds funds general general 2024 2023 Revaluatlon of irlveslments Gainl(Ioss1 on sale of investments (3,448> 17,379 24,085 (22) 13,931 24,Q63 Taxatlon The company, being a registered charity, is exempt from corporation tax on Ils Gharitable acllvities. 16-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tanglble fixed assets Loasohold Improv•monts Cost Al 1 January 2024 124.377 At 31 December 2024 124,371 Depreclatlon and impairnient At 1 January 2024 124,371 At 31 December 2024 124,371 Carrylng amount Al 31 December 2024 At 31 December 2023 11 Flxed asset Inveslments Listed Other Investment8 Investments Total Cost or valuatlon Al 1 January 2024 Additions Valuatlan changes Disposals 410,829 449,750 3,348 (500,676) 100 410.729 449,750 3,348 1500.676) At 31 L)ecember 2024 363.051 100 363,151 Carrying amount Al 31 December 2024 363,051 100 363,151 At 31 December 2023 410,629 100 410,729 2024 2023 Other inv93tments comprise: Notes Investments in subsidiaries 12 100 100 17-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Subsidiaries Fountain Centre Services Limited is a wholly ovm8d subsidiary of The Fountsin Centre. The company is a ptivate company Ilmlted by shares and incorporated in England. Ils registered offic8 is The Fountain Cenlre, Royal Surrey County Hospital, Egerton Road. Guildford GU2 7XX. It provided therapy servlces to cancer P81ients and Iheir carers at other hospitals until 31 December 2024. The subsidiary company wlll remain dormant until Ihe charity's future strategy has been agreed in the new 2025 Business Plan. The Fountain Centr8 has not prepared consolldated accounts in accordance virlh th8 8xemplion permitled by FRS102 as the lotal income of Founlain Centre SeNices Limited is below the consolidation Ihreshold Separate financial statement5 are prepared presenting the Infomiatlon of Ihe charity as an individual undertaknng. The investment in the subsidlary is shown at Ihe inliial cosl of the ordinary shar85 of £100, whlch15 1000/0 of the called-up share capllal. The subsidiary company has trad8d since 1 F&bruary 2016. In 2024 a donation of £14.559 (2023.. £14,826) was recelved by the parent from the subsidiary. 2024 2023 Capltal and Regerv Callèd up share ¢apital Profil and loss reserve 100 14 100 660 92 Not Assots Assets Liabllities Net Asset8 15,519 859 17,458 Proflt and Lojs Account Sales Direct ¢osts Administratlve costs Net Proflll(Loss) 54.489 53.872 {39.502) {38.005) Investments In subsidiarles are slated at o)st. 13 Debtors 2024 2023 Amounts falllng due within one year: Tax recoverable on glft aided donallons and trust fund distributions Other debtors and prepayments 1,744 21,729 2,588 20.115 23,473 22,703 14 Crédltors: amounts falllng duo wlthln one year 2024 2023 Other creditorg 133,500 46,767 18-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrestrlcted funds - deslgnated Thesa are ynrestrtcted funds which are materral lo Ihe Charitys aclivities. At 1 January 2024 Incomlng resources Rosou96 expended At31 December 2024 271,595 (12,537) 259,058 Prevlou8 yèar: At 1 January 2023 Incomlng rosources R8sourco8 expended At31 Docember 2023 267,457 5.000 (862) 271,595 16 Analysis of net assets between lunds Unrestrlcted Unrostrlcted funds funds general designated 2024 2024 Re$trlct8d funds Total 2024 2024 At 31 December 2024.. Investments Current assetsl{liabilities) 363.151 88,136 383,151 678,225 259,058 331.031 451.287 259.058 331,031 1,041.376 UnrestriGted Unrestrlcted funds funds general designated 2023 2023 Restrlcted funds Total 2023 2023 At 31 Dècember 2023: Investments Current asselsl(liabilities) 410.729 18.071 410,729 473,132 271,595 185,466 426,800 271,595 185.4S6 883,861 19-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Deslgnatod funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whid) are not subject to specific condillons by donors and granlors as to how Ihey may be used. These indudè designated fvnds which have been set aside out of unrestricled furmls by the trustees for specifiG purposes. B•l•ncg at 1 J•nu*ry 2024 Rgsourcos Balanco at 9wnd8d 31 D&¢omber 2024 Garden project Art project Ha3wrnb8 oncology support Debra Stappard Famlly Support $eNces Outreach unit Penningtons Creative Arts 6,802 1,884 1,179 9,883 95,054 150,000 1,793 5,000 6,802 1,884 1,179 2,398 95,054 150,000 1,741 (7,485) (52) (5,000) 271,595 12,537 259,058
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Designated Funds Development Fund The development fund was established from general funds in 2012 for the future developmant of the Fountaln Centre. No expenditure was incurred in 2024 (2023.. £862). 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 lor maintenance and improvements to the garden. There was no 8xpendlture In 2024 {2023: £nil) due to building works to Sl Luke's Cancer Cenlre. The redevelopment of the garden reported on earlier In thls report will be completed and opened In 2025. Art Project There was no expendilure in 2024 {2023: £niD. Hascombe Oncology Support Fund This was set up to Pfolfjde asslslance to young people with cancer. There was no exp8ndltur8 in 2024 (2023: £nil). Debra Stappard Fund The purpose of the Fund is to look after and maintain the Debra Sl8ppard Room in the Royal Surrey County Hospilal In accordance wlth the original establishment of Ihe room by the Debra Stappard Cancer Tnjsl, whlch has now been wound up. The donation of £10.000 in 2004 by the trust to the company has been sel aslde to allow such future malntenance costs to be met. There was £7.485 of expenditure in 2024 (2023.. £nll>. Outroach Unit Fund Thls fund was established from unrestricled general funds in 2016 lo meet the perceived need to 8xpand premise5 and facilities lo meet the rising deffland for cancer treatment care. As there was little or no prospect of additional Trust space bècoming available for the Fountain Centre, the management team and trustees explored a number of options, induding the purchase of a vehlcle lo conlain treatment rooms, th8 Igase of premises near to the Fountain Centre, and the devel¢)pmgnt of satellile units al Frimlp.y Park and Ashford St Peters hospitals. th the decrease in footfall in 202(>2021 as a resull of the Covid-19 pandemic th8 need for additional space reduced but now that footfall has recovered to pre-pandemic levels and the new St Luke's Cancer Centre 15 complete, the space quIrementS will be reviewed in 2025. Famlly Support Services A children's counsellor was recruited in March 2017 to support children under 18 of parents wlth Cancer. Within six monlhs, the counsellor had over 140 child clienls lo review over and beyond the period of Irealfflent of the children's parents. This significant uptake pointed to the need and importan¢e of this work which the trustees agreed to support through the establishment of this designated fund supplemented by support from Ihird parties up lo Seplember 2017. Subsequently the demand led lo the recruitment of additional staff and development of the seNce, largely funded by a five-year National Lottery grant to September 2022. In Oclober 2022 the Fountain cent was awarded a fwe year grant by the Luigi Francescon Trust to maintain and develop the Family Support Services. The designated lund is being retained to meet any additional costs not covered by the granl and to provide conlinulty of service when the cuent grant expires. 21
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Regtrictgd funds The restricted funds of the eharity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement In funds Balance at I Incoming ResoUe$ Balance at 31 January resour¢e8 expended Dècember 2024 2024 Postitive Health Programme Brain Tumour Research Fund John Ackroyd Trust Luigi Francescon Trust Chemo Bus Ashford Outreach Fund Sport England Arnold ClarkAuto Haskins Charitable Fund Bamett Waddingham Childrens 8ereavement GRACE Counselling SessSons Wisley Foundation 7.320 4,777 2,543 4,444 4,000 283,244 5,566 14,700 5,000 1,000 1,585 1.500 1,349 4,000 122.676 417.634 257,066 14,700 1,000 4.942 1,500 974 13,344 3,357 375 812 6,500 23,000 14,156 400 23,000 6,100 185.466 448,321 (302,756) 331,031
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Re$trlcted Funds Positive Health Programmo The Research project is a Posilive Health Programme initialtve whith lakes a hollstlc view of the healih of the participants to &nable them lo make signfficant lifestylè changes. It promotes the value of preventative rneasures aimed al the prevention of cancer or ils re¢urrence. Partlcipalion is entirely voluntary and open lo both patien15 who have completed trealment and lo 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 fvnd was established In January 2013 foi Ihe proVisn of staff training and equipment to Improve the treatment of skin cancer and brain tumours. The fund receÉved donations of £Nil in 2024 (2023: £Nil) and had outgoings of £Nil (2023.. £Nil). Teènago and Young Adult Support Group The support group was sel up as a resuh of a new Se[W provlded by the Royal Surrey Hospital for 16 to 24- year-old cancer patlents. Funds are raised by the group and used mainly for social events. Lulgi Francescon Trust The Trust, who had provided funding in 2019 to provide a new bulldlng for children's counselling, provided funds lo finan(x Ihe (Jevelopment of online seTvlces launched during the pandemlc and to offset Ihe salary costs of those slaff who were not redeployed In the Royal SurrBy County Hospital. In 2022, following the ending of the funding for the Family support seIce by the Natlonal lottery, the Luigi Francescon Trust agreed to lake over the funding of the Family support servic6 for a further 3 years, unlll October 2025. This grant wlll pay for two full lime counsellors. The Luigi Francescon Trust has conlinued lo support The Fountain Cenlre by providing further funding for a nijmber of posts. In addition to the 3 years funding of the Family Support Service, they committed lo a further 1 year funding for 5 other posts. It was agreed thal future funding would be agreed on a yaar on year basis. The fund received donations of £417,634 In 2024 (2023: £298,196) and had outgoings of £257,064 {2023.' £295,26911. Ashford Outreaeh Tho plans for tho Founialn Cenlre ai A$lffor¢l ho$piial hav• bogn k•pt on hold, Iharo have bgen no developments in 2024. GRACE Thls service started in December 2023 in collaboration with GRACE and £13,344 of fundlng was provided up front lo be Spent throughout 2024, in 2024 an additlonal £812 wa5 raised. and expenditure totalled £14,156. -23-
THE FOUNTAIN CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Cash generated Irom operations 2024 2023 Surplus for the year 157.515 78,704 Adjustments for: Investment income recognised in statement of finartial activities {GainJiloss on disposal of investments Fair value gains and losses on investments (26,140) (17,379) 3,448 (17.393) 22 {24,085) Movemènts in worklng capltal: (Increase) in debtors Increasel(d8crease) in cdItOrS (770) 86,733 (2,622) (2,073) Cash generated from operatlons 203,407 32,553 22 Rolated paty transactlon8 Fountain Centre Services Limited. a wholly owned subsidiary of The Fountsin Centre, made a charltable donation tolalling £14,560 to the charity during th8 year (2023- £14,826). -24-