2023 ANNUAL REPORT & ACCOUNTS Friends of The ROYAL MARSDEN Chelsea r.)i. ,
'P,.A4* The Queen's Award for Voluntary Service rhe MBE for volunteer groups 21,1 .i.Iia li" Friends of the Royal Marsden. Chelsea, Committee From the Top (left to right): Anneke MacThomas, Biffa Bradshaw. Katie Sketchley, Sally Robotham. lan WiS1iams, Sarah Phipps. Teresa DICK, Jane Munday. Sandra Franklin, Cristiana Araqoni. Not in the Picture Mel Bowker. Goorglana Fiddian-Green, Saiah Laidlaw and Emily Eban.
ANNUAL REPO COUNTS 2023 Friends of the Royal Marsden, Chelsea Friends of The ROYAL MARSDEN OBJECTIVES The Objectives of Friends of The Royal Marsden, Chelsea are: Chelsea To supplement the service provided by The Royal Marsden Hospital, Chelsea, for the health. welfare and comfort of the patient5 by the provision of facilitie5. buildinqs and equipment which may be required for the treatment of such patier)ts, or for the efficient running of the hospital. CONTENTS 3. Objecti!:es.-& Public Benefit 4. Administration:,&,.: G,p.!.e'rna nce:. To provide. or to assist in the provision of amenities in The Royal Marsden Hospital, Chelsea for patients and staff. including the provision and running of hospital shops. canteens. libraries, flower services, the establishment of clubs, health and recreation centres, hostels and rest and convalescent homes for the use and benefit of such persons. 6., Achieve.me.n,t,"#.:,& Performance 11. Fun.d.r.'aising & Even.ts 1,'2:,.¥W,here the mon PUBLIC BENEFIT 13. Financial,..Summary:. 1.6. Inde,pe.Ddent.A,udi,tar's ,.Report The activities described in this report benefit The Royal Marsden Hospital. Chelsea and its patients. 19..5't.atement of FiiP:,:anci;61. A.E'tivities The Trustees have paid due regard to the quidance published by the Charities Commission on public benefits. 20. Balance Slipet 21. Not.es to t.h,'e Fin.aii,eial
co NTS Friends of the Royal Klarsden. Chèlsea PICTURE- SANDRA FRANKLIN. PRESIDENT WELCOME This is the Trustees, Report and Financial Statements for the year ended 31 December 2023. st, It is prepared in accordance with the accounting pol icies set out in Notes to the Accounts and complies with the Charity's governing document, the Charitie5 ¥4 Act 2011 and Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their actounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland published in October 2019. PRESIDENT SANDRA FRANKLIN HON. PRESIDENTS ANTOSNETTE PARDO MBE JUNE TORRANCE inci The Royal Marsden, Chelsea 203 Fulham Road. London, SW3 6JJ HON. SECRETARY MARIE STACEY HON. TREASURER IAN WILLIAMS Cooper Parry Group Limited Ai5ella, 46 High Street, Esher Surrey, KTIO 9QY CHAIR CRISTIANA ARAGONI VICE-CHAIR SARAH PHIPPS HSBC Bank plc, Knightsbridqe,102 Brompton Road. London, SW3 1JJ TRUSTEES CRISTIANA ARAGONI WENDY DE CAPELL BROOKE SANDRA FRANKLIN IAN WILLIAMS ANTOINETTE PARDO MBE EMMA ROGERS MARIE STACEY LINDA WIMBLE . REGISTERED CHARITY NO: 222613
NU REP 02 Friend5 of the Royal Marsden, Chelsea THANK YOU Over the past year it has been a privileqe to be Chair of the Friends of the Royal Marsden, Chelsea. With the amazinq support and the enthusiasm of a 180 strong team of volunteers and the efficient help of the office we have achieved unparalleled results. The Friends help making the Royal Marsden Chelsea, extra special, and we are proud of it. The fundraising events on our calendar have been very successful and have hel ped us, toqether with our commercial ventures. funding the many request5 we have received from the hospital. from elegant furniture to revitalise tired looking waitinfJ rooms to the latest state of the art medical equipment to cut waitinq times, waiting lists and making the patient experience more comfortable. CRISTIANA ARAGONI, CHAIR l am proud of all we have achieved together and to share them in more detail with you. it has been a great 2023 and 2024 already looKs very promising. would also like to take this opportunity to thank the invaluable 5UPPOrt and very hard work of Sarah Phipps Vice-chair. who has taken a very active role and is of constant help; and the hard work of our Committee. who meets 10 times a year to deliberate on hospital requests and is very pro-active in leading their departments and organise events. A special thanks to our Trustees, who provide invaluable advice and hold the history that built and the strength of our charity. Last, but not least, a passionate thank you to OLbr volunteers who make and ARE the Friends of the Royal Marsden. Chelsea: your smiles. kindness. commitment. generosity make our charity all that it is. Your hard work and dedication are praised constantly by patients and hospital staff, you make a real difference. every day. Thank you
AN cc TS 023 Friends of the Royal Marsden, Chelsea ACHIEVEMENTS & PERFORMANCE Friends of The ROYAL MARSDEN FORAPPROACHING 90 YEARS THE FRIENDS HAS BEEN SUPPORTING THE WORK OF THE HOSPITAL NOT ONL Y B Y FUNDRAISING BUT PERHAPS MORE IMPORTANTL Y, B YPROVIDING VOLUNTEER ASSISTANCE IN VARIOUS AREAS.. Cholsea THE SHOP TROLLEY The Trolley provides regular and much welcome service visiting wards. sometimes twice daily, to provide the shop amenities to in-patients, outpatients, their carers, and busy staff. The team of14 volunteers headed by Sally Robotham is always welcomed with friendly and appreciative smiles and is often a source of Z. friendly chat and much needed comfort. The Friends Shop continues to be a real success story, opening reqularly Monday to Saturday with a strong and enthusiastit team of over 40 volunteers who dedicate their time and hard i work to the 5ellinq of essential items, food,,-1 snacks, gift items and hot drinks to patients, carers, and staff. Thanks to its refurbishment in 2020 coupled with the hard work and the enthusiasm of the i volunteers, the dedication of the Manager Katie Sketchley, the help of Helen Moran. Linda Wimble and all the buying team, the shop continues to grow and to be of service to an ever-qrowing number of customers. THE CAFF, The Friends Café has now fully returned to its former glory, with china mugs and plates also re- introduced in 2023. Many new volunteers have joined an already busy team, now counting over 60 people, and are making daily fresh sandwiches as well as serving coffees and teas. The new teams had the opportunity to meet in November when an evening of nibbles and drinks was orqanised by the Manager Sarah Laidlaw. The shop ha5 become a major source of revenue: totalling with the trolley E147,000 yearly qross income in 2023 compared to £115,000 in 2022. 1 With a net income of £63.000 it has widened its ranqe of products, offered a number of healthy choites and catering for many dietary requirements. The café continues to qrow and in 2023 has recorded a yearly qross income of £56,000 and net income of £24,000. The ranges of food sold are widening with an emphasis in oivino variety and offering more healthy choices- including f ruit pots. granolas, and rice cakes as well as hot SOUP5 and pastie5, dèlicious takes. and sandwiches. And always trying to off er very qood value for money to be of benefit to patients and staff aliKe.
FiriÈends of4thè,R.O] Friends of The ROYAL MARSDEN and the plenter:g'.aroun'd-; p.ital are re,l?niti'@ssly.-It}ok'ed aft'er'by, our eaded,, ,otiF-:T,rustee,' tylarie Stacey-. Th,, gr,eat sourte (i!...:wqllbejng, wé ,are. 40 proud f or all..the hard work'.tliè'team puts. in'and It. is app.reclated all around,.. Chelsea FrieD.&' ? ¥oly.nteers. now.headèd kyi a'c"T.'kLthas proviti¢ Eh¥,l-. .ii.ice'b-teèPiri9 the pali¢h't& wr5 in.'tlie uspital'.:Ward&' fresh. and'ifiJith ,-dw.at'èr. The. 511K I!. are chan easonal.ly by fundè'd th'eurc -briq ht.. TEA TROLLEY IN MDU Headed by Suzanna Magill, the team can count on 8 volunteers who serve tea and coffee in the Medical Day Unit with daily runs. This service is free of charqo and all the drinks and biscuits offered are proudly sponsored by the Friends. This service is something patients really look forward to when they attend their chemotherapy.
POR Friends of the Royal Marsden. Chelsea WARD ASSISTANCE Friends of The ROYAL MARSDEN Tne ¢ory¢pas5ion' èn'¢ as5i$tance that our team oftéis at the','lie.dside.,to pati ruly 5pe¢ial and neve:r.go,es uno9ticed by.--6taff:, and Garpi, This is an area wllèf tho,.'Fri.ènd9.IÉlIP andTh7ra're can, reallV.',irriakek.a ¢ieot's 4a,v., more begr.,4b,!e with:a:hidher.level'LiI'.comfprty.'.:,iLv'havp a team of'ltholunteETrrsyilO r,p¢ularly vtsit14order.ward. Chelsea MEET & GREET This knowledgeable team composed of 24 volunteers, coordinated by Sarah Phipps, dally help visitors navigate the hospital at both Wallace Wing and Main Reception. The team providing a friendly welcome whether directing or accompanying patients where necessary. In 2023 we said Goodbye to our retiring Vice- Chair and long standinq volunteer Susie Blackwood. ADMINISTRATIVE SUPPORT IN CCU &MDU In 2023 the Friends and in particular, Choppv Car,ter..hatr'* .been' able to,p.rovid&: administ[rftkVe. oal,p.', at, times .0. n.tr.ibution m al.1, the, .t.É¥rencè to staff and; BOOKS & MAGAZINES We have a book stand in Outpatients and since May 2023 we have restarted the dlstribution of maqazines donated monthly by Conde Nast. The books are all second-hand and are sorted by Mercel Ball. who also organises booK-sales on a reqular basi5. These sales have provided a qreat Source of extra income for the Friends and in 2023 have totalled nearly £2000.
Friends ol the Royal Marsden. Chelsea Friends of The ROYAL MARSDEN COFFEE MACHINES The Friends 5UPPOrt three coffee machine5 for patients visitinq R DAC, Radiotherapy and Cyberknife and provide much comfort in areas where a cup of tea, a coffee or a hot chocolate can oo a lono way when waiting to be called for an appointment. In 2023 we have seen an increase in the use of our machines. due to a hiqher level of visitors and appointments and we are proud to be able to support this service to patients. Chelsea COLLECTION TINS We have a number of tin5 located all around the hospital. they are also provided with a QR code for those who no longer like to carry cash. They provide a good source of income to offset the costs of the many services we support, Roger Robotham has been regularly committing his time to visit the Royal Marsden and doing all the counting of the tins and we are hugely grateful for his helps, which has been constant over the years. THE PIANO, THE ARTS FORUM & THE AQUARIUMS HANDCRAFTING: SEWING & KNITTING ,.We...are".proud' to have 4 team of 7 pianists,., oordinated by our Hon. President June Tarran¢e.' Thei¢ reoularly pla,y the St piario'..at thé base, of the Reqency, staircase. creating a, soothing, atmospher'e as -.ents and family arrive at Roy41: Marsden, Ch'els Thére have been many special,. momens-Shared bY,the R. éricy,,stai[case' whergi the 4ound echoeslhrough tli¢ corri¢ors. Our Cafe, volunteer, Ruth Coles is a busy sewino syringé driv ags for patien,ts thank5 to réoular donations of fab,ric, These are then distributed to patient5. Mercel Ball, volunteering in the,$ also looKirig after boo1is.and flo ;.waS'also busy in,'202-3..knitting Cht,istmas and,.:: . Halloween th@med outfits for our Teddies:in the"Shop' as .well' as Chicks'.dwring EisJtb#:; Arts 'Forurri-. to siiFSPO'rt the. ,acquisition,.. -and mai ntenance of art on digp,lay., art projects for staff, music . ¥essions 'in wards,. "a numbèr,, of concerts taKinq ,placf:..1s,Ih,p chèpel, a choir pp:en to staff and volunteer4., a,f¥6.':art packs. whi.ch-B,r.1',4istributed irt i%ar,ds and so gr.,qtpfJ 'tei.veO; ThanK.you Buth.and:I' your wonderf ul SKI contribution ekcel for your time, il IvÉry oenero4S.. . tb.#.'Aqu.ariuffi In-. O'utp.atients.'ond , Radi6therap¥. hJ&h:...were do,nated to tha.Rb¥al. Marsden over a
NU REP 20 Friends ol the Royal Marsden, Chelsea Friends of The ROYAL MARSDEN RECRUITMENT he heart.. of the FrlPlI'&s.: campjiqn.: ht-' el.,P6wKor, who has erttTrrinously' 71th thè r,ecruitment and procwiing Yunteerl. Chelsea VOLUNTEEERS A Team of178 active voluntetsrs wh-o in 2023 have dèdicA.tèd qround --3:'6,.000:. servlf è to the F,rlend.g of the .s-èt:. ' up, Voices Forum, a firs '.withln Ihi4 AN'_s,'which.ig:' open to.all voluntéering .groUpsth1ri the,. hospital, to ,SLsbmit . .fÉodbacK¥ithat, will improve the patiénts, experiencp. Anadca ,Sprino -2'.Ci .qs-rurJ in h-'proii.ed. rÈsulted-in the recruitment of 30 moré volunteers just in the18St 6 ffionlhll: an absolu.te gem, wqrhinri tirelessly to rnake, th8 e¢ruitmenty,, p., rocèss ve'r:¥ p"fficiènt. By the ond of 202. we-had ned,rly180 active-tiolunteers. nteers ¢. responsibility, td.'.bè fu tr3ined an up to datÈwAI ty, all the"Le.arnirtg, and e-learnin9,. modltj 4bq,uired' b 'the Trust. This also enables thqrti. to. aware of w,lat is expected of..ti]bro,i.-,.: Situations twlipn d'Éi?I,I'ng errterqencios,. care for those in .ne.ed-. and confi'dènjl ',The Friends hay.e,a hi9fri.:"levo,l of compl an e ar.e pr.oud- 'oft this,. result. small effort. SECRETARIAL SUPPORT MEMBERSHIP Camilla Callander and Carolirse Syms have been a By the end of 2023. The Friends of The Royal formidable team in 2023 and have manaoed tirelessly Marsden, Chelsea had 290 fully subscribed the rotas of the shop and the café as well a5 all the members. of which178 were active volunteer5, 11 off ice day to day administration. They are the only paid Younq Friends and101 non-volunteers members. members of our charity and provide u5 Wlth excellent and vital support. We are very grateful for all they do and for their professionalism and enthusiasm.
PORT & AC Friends of the Royal Mar5den. Chelsèa UN Friends of OUR FINANCE SUPPORT TEAM TREASURER & BOOI( KFFPFR The ROYAL MARSDEN .lan ,iN,,iLliams, Tre4sQrer, ioineEi Chelsea MARKETING/ PR a.Iwa,g:9" .eyè':' on,. rfo", The Friends manq9e: all our. w.e,b platforms, whilii hel qs.:well as cal;culati-nfi.'event: reven ues. We alsTr.5e,11. Christmas cèids.online as.'..well as p,rovidiDq a linb,:to,.all irnpo jtant inf ormation out the F'rien'ds of tli<':Ro Chelsea. a our .f i nanci safegusr.di as ' w&ll ts i nterests. Witli:,'thè jelp ot Teresa Ditk, our boakKeeper,-théy that. ail o'ur records are mai.Ulajried iry gi)od':cirdef: T Friends of -. the ,Royal -'Mafsden, Chelsea is . a.r,. reqistérèd chapity'.fully audi,ted'ÈvéTr.v.'yèar. in. 20.23 the link to our Grqnt.-sèhemp,:.yas added: so that Hospltal requ. .could be sent using a set application fo.rm through oyr site. COMMITTEE BRANDED GIFTS The committee members are Key members of the Charity because of their higher level of involvement, heading a department and organising events. ',WÈ have produced a number ,o.f brandè,d,,' items dv,è,t,,tbe _years, and they a,,re.'.all: irici -IPopular' wish.. Kiisitors .atsfy,':41a.ft:, e. tote b ' china muqy; p.ios,' lie al.l so'ld in the F.riends' shop. re They attend regular meetings evaluate and approve hospital requests for funding. Their role is extremely important to the Charity.
'.PJéhVs.'DTlbp Roy4lsM&r.s¢ron. Chelsde y V FUNDRAISING FOR THE FRIENDS Cycling in Scotland ',Cycling jn-Ècotland fropi..19: ctober 21023, Dunran Ross cycled from Land5 End to John O'Gr,Oats. to the ":'Orkriey-151and5,.-. He r-ai?¥d-E695 for tIlR'.Ptie ,dg o,f thRI MarsiSe,n, Chels, 'I,.a.iTrtycling this jovrne:ii,::' them from tbei bottdiil'b't my.: . fthF,alth worl( SUPPORTING EVENTS e a Life -.7,th December oluntéers braved the elements outside the front of the CtygtitV4celebr@ting 25 year>: $h@ Friends of.fhe. R{s8.I,,Marsden, Chelse ,.Th'anding ' tiut the order:.. bf -: servicè-. arid averseeinq. the Christmas Gifts and ristmas Dayj.. mè.t ear,li4r. i,n the'.tnohth. to pack up th ICR èdd were 'fj.,es:tiQé Qoodie baq jin'th Saralh Èi,hipps haridad. tFuI qver 'resldential on Chri5lmas Jp.-orn j. Fut.ure E'vents; for 20,2.4, National,Ilolunteer.5,Wp.ekWeeh-'.qft,8rO Junp Bridgo Event. Week of 24th No ,.CarDilé by Candl'eliightThednésd,' thP.o¢ember:., .Celébiate a Life - in coTiaboration:wiib'::tl-e Royal. Marsd'èn,,. Cancer CJ: arity
cco NTS Friend5 01 thè Royal Marsden, Chelsèa FINANCIAL SUMMARY In 2023, the gross income of the Friends of The Royal Marsden, Chelsea IFORMC) increased by 68%, with the net income increasing by1050/. from £81,298 to £166,140. The main drivers of this improvement were as follows (all in £1: ACTIVITIES Legacie5 £211,250 £13.352 Shop & Shop Trolley Turnover Net Profit £147,229 £ 63.699 £115,310 £ 53.228 Café Turnover Net Prof it £ 56, 043 £ 24.084 £ 19,833 £ 2.760 Income from subscriptions and donations was 12/0 higher in 2023. £76.671 against £68,448 in 2022. Fundraising events raised £42,672 in 2023 aoainst £71,284 in 2022. The difference is principally attributable to the absence of a Summer Drinks Party in 2023. As set out in the table on page 14, FORMC provided amenities and equipment worth £229 486 in 2023 against £110,473 in 2022. In addition, FORMC had committed. as at 31st December 2023. to provide additional equipment and amenities worth £51,729. We received three legacies in 2023, one for £36.250, another for £150.000 and a third for £25,000.
AL POR AC Fri?nds ot the Royal Marsden. Chelsea WHERE THE MONEY GOES Ward Clinical Serviies Cancer Services - Dentistry ccu ccu Day Surgery Dr Popat Gynea Sur9ery £6,518.00 £2,855.00 £5,397.00 £47.814.00 Abbott i-¥fAT Ajinlty System Drufomal Hoist 14 Avento reclining chair Post-op reclining chair5 x 2 for patient bed area5 Research Salary (Lungl RUMI Mley Fine needle surgical instruments Happiness Projeci 25 Hybrid mattresses Torche5 19 Chairs lor the waiting area 12 Sllk orchids Dual funttion microscope 20 Wheelchairs Training module for total laryngectomy .In 2023 FORMCI,, Friends of rsdèn,.'CtY,o15ea.I , F na.è".,r £2,506.00 £7.539.00 £10.688.00 sden:H6spit'31,', Head and Neck Horder Hospital Wards Hospltal Wards Imaging MDU Microblology Portering Practise Educatlon Radiotherapy £1,488.00 E3.654.00 £5.961.00 £383.00 £10.477.00 £1,196.00 £27.237.00 £14.558.00 £1.086.00 The top tgtyl& to the left is all equlpmeny," and .1 servicé5."f u'nde-d 'and "it. has . m,,piled to show the different., pirtrrienti ' qrqnts-, Ih'pen able t¢,,'reèch.: Venezia Interstitial lunar ovoid 4pplicators £59.341.00 Total Involced In 2023 208.698.00 CA)mmitrnents jeip.end itures incurred. to . Lun.d-, the 23 £6.000,00 £766.00 £663.00 £660.00 £880.00 £8,240.00 £216.00 £2.404.00 £427.00 £108.00 É144.00 £280.00 Art5 Forum contribution Aromatherapy Oils Complementary Therapies presents to Patlents Birthdaylgreetln9 cards for pètients Christmas presents and gifts for patients and staff Coffee Machines In RDAC, Cyberknife hnd Radlolherapy Fresh Flowers Garden planting, maintanance and irrlgation system Medical Day Unit Tea Trolley Piano tuning CushionslRefurbishment5 Other expense5, including i-ril.fer,. Y'BY, 31/12/2023 FORMC'.h-,a. ¢oinrrijtted a furthèr._:.. Total actlvities in 2023 £20,788.00 Total expenditures 2023 £229,486.00
20 Friènd5 of the Royal M8r5den. Che15tr Financial Position at the Year End FORMC continues to remain in a stronq f inancial position at the year-end with a 19 /0 increase in Accumulated Funds from £873,190 at 31st December 2022 to £1,039.330 at 31st December 2023. Charitable spend increased to £229,486. more than double the previou5 year. Cash and deposits at year end are £934,000, a 4% increase from £895,000 at 31st December 2022. This strong cash position will help to ensure that the Friends continue to fulfil the objects of the Charity as stated on paqe 3. Reserves Policy Generally, the Restricted and Unrestricted fund5 of FORMC are available to be spent as the Trustees and Committee decide, the only exceptions beinq as follows: Restricted funds - the funds provided by the Campbell-Paterson Will Trust must be spent on purchases of medical equipment. After takinq the above into account, FORMC does not formally hold any reserves. However, it does aim to maintain a level of funds at a minimum of E250.000. The Trustees believe that this will enable the Charity to meet its responsibilitie5 and to ensure that it continues to operate on a 'Going Concern, basi5. structure, Governance and Management FORMC is governed by the Objects and Rules a5 amended and altered by the members of FORMC at the Extraordinary General Meeting on 29th November 2007 and effective from 1st January 2008 -The Objects and Rules have been amended and re-registered by the Charities Commission on the 6th November 2015. Trustees are nominated by the Committee of FORMC and shall comprise the President of FORMC and a minimum of three members nominated by the Comrnittee for appointment at the Annual General Meeting. The trustee5 have delegated the conduct and management of the affairs of FORMC to the Committee in accordance with the Objects and Rules. Remuneration to Charity Trustees FORMC paid no remuneration or other benefits in kind to a Charity trustee. Relationships with other Charities The Royal Marsden NHS Foundation Trust has its own fundraisinq charity which concentrates on major capital projects and the support of research funds. The trustees of FORMC consider that the income (Jeneratinq activitie5 of their charity, as operated by the dedication of its volunteers. in providing highly visible services, are complementary to the work of the main hospital charity. A significant number of volunteers are recruited from former patlents and their families and friends. FORMC meets from time to time with the Friends of other larqe London hospitals to discuss matters of common interest and to share ideas for providing services and f undraisinq.
ANNUAL R PORT & AC UNTS 023 Friends of the Royal Mar5den. Chelsea Trustees Responsibilities in Relation to the Financial Statements The trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice). The law applicable to charitie5 in Enqland and Wales require5 the trustees to prepare Financial statements for each f inancial year which qives a true and fair view of the situation of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these Financial Statements, the trustees are required to: .Select suitable accounting policies and then apply them con5iStently. .Observe the methods and principles in the Charities SORP 2019 {FRS 1021 .MaKejudgements and estimates that are reasonable and prudent. .state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements .Prepare the Financial Statements on the qoing concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for Keeping proper 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 Charities Act 2011. the Charities (accounts and reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities. The trustees are responsible for the maintenance and integrity of the Charity and financial information includèd on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of Financial Statements may differ from legislation in other jurisdictions Auditors The audit business of Haines Watts Kingston LLP was acquired by Cooper Parry Group Limited on 14th November 2023. Haines Watts Kinqston LLP has resigned as auditors and Cooper Parry Group Limited has been appointed in its place, Cristiana Aragoni, Chair On behalf of the Trustees 28th May 2024 lan William5, Hon. Treasurer On behalh of the Trustees 28th May 2024
FRIENDS OF THE ROYAL MARSDEN CHELSEA INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FRIENDS OF THE ROYAL MARSDEN CHELSEA Opinlon We have audited the financial slalements ol Friends of the Royal Marsd8n Chalsea Ilhe 'charity'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance sheet and thè relaled notes, including a sumrnary of significant accounting policies. Tha finaneial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Skndards, including Finan¢ial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kin9dom Generally Accepted Accounting Practice). In our opinion the financi81 statements". give a true and lair view of the slate of the charitable Company's affairs as at 31 December 2023 and ol its incoming resources and application of resources. including ils income and expenditure for Ihe year then ended., have been property prepared in accordance witti United Kingdom Generally Accepted Accounting Pracli¢e,' and have been prepared in accordance with the requirem8nls of the Charities Act 2011. Basi5 for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and aPpIable law. Our responsibilitEs under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the linanclal statements in the United Kingdom, induding th8 Financial Reporting Council's Ethal Standar(I, and we have fulfilled our otheT èthical responsibilities in accordance with these requirements. We believe that the audit avidence we have obtained is suffieient and appropriate to provide a basis for our opinion. Concluslons relating to golng concem We have nothin9 to report in respect of the following matters in relatn to whh the ISAS IUKI require us lo report lo you where.. the TfUStees' use of the going concern basis of accounting in preparation of the fin¢la1 statements is not appropriate., or the TTUStees have not drsclosed in th8 financial slalements any idents.fpd material uncertainties that may cast significant doubl about the charity's ability lo continue lo adopt the going Goncern basis of accounting for a period ol at least iwelve months from the date when the financial slalemenls are authorised for Issue. Our responsibilities and the responsibilities of the TteeS with respect to going concern are described in the relevant Sections of this reporL Page 1
FRIENDS OF THE ROYAL MARSDEN CHELSEA INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FRIENDS OF THE ROYAL MARSDEN CHELSEA {CONTINUEDI Other inforniation The Trustees are responsible lor th• other information. The olh8r information Comprises the information intluded in the Trustees annual report, but does rK)I Include the linancral statements and our Report of the Auditor5 thereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otheiSe explicit stated in our report. we do not express any form of assurance conclusion Ihereon. In connection with our audit of the finan¢ial slalements, our responsibility is to read the other information and, in doing so, Consider whether the other information is materially inwnsistent with the financial slalements or our Knowledge obtained in the audit or otherwise appears lo bè materialty misstated. 11 we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a material missla18meTrl in the financial slalaments themselve5. If, based on the work we have performed. we conclude that there is a material mi5Statement of this other information, we are iequired to report that lact We have nothing to report In this regard. Mattors on whlch w• ar¢ requirèd to roport by ox¢option We have nothing lo report in respect of the following matters where the Chorities {Accounls and Reports) Regulations 2008 requires us lo report lo you rf, in our opinion.. the information given in the Trustees, report is inconsistent in any material SPect with the financial statements.. or sufficient accounting records have not been kept., or the financial statements are not in agreement wilm the accounting records and tUrns., or we have not receNed all the information and explanations we require for our audit. Responslbilitles of Irustefrs As explained more ful in the Trustees, responsibilities statement. the Trustees (who are also the directors of the charitable company lor the purposes of company lawl are responsible lor the preparation ol the financial stal8ments and for being satisfi8d that they give a true and fair viw. and for such internal control as the Trustees dètemiine is necessary lo enable the preparation of financial statements that ar& free from material misslalement, whether due lo fraud or etror. In preparing the financial statements, the Trustees are responsiblè for assessing the charitable company's ability lo continue a5 a going Goncein. disclosing, as applicable. matters rèlaled to going concern and using the going concem basis of accounting unless the Trustees either intend ItJ liquidate the charitable company or to cease operations, or have no realistic alternativè but lo do so. Page 2
FRIENDS OF THE ROYAL MARSDEN CHELSEA INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FRIENDS OF THE ROYAL MARSDEN CHELSEA ICONTINUEDI Audltors. rèsponsibilities lor the audlt of the financial statements W8 have been appointèd as auditor under séction 145 01 the Charities Act 2011 and report in accordancè with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an Auditor5, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always delecl a malerial misslalernent when it exists. Misstalernenls Gan arise from fraud or error and are considered matèrial rf. individually or in the aggrègate, they could reasonably be expect•d to influence the economic decisions ol useis taken on the basis of these linancial statements. Irrègularities, including fraud. are instances of nonvcompliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstat8menls in respect of Irregularities, inclLJding fraud. The extent lo which our procedures are capable of dètecting irregularities, including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable to the charity and the Industry in which il operates, and considered the risk of acts by the charity that were contrary lo appliable laws and regulations, including fraud. We discussed with the Treasurer the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the aL1t team the indentified law5 and regulations, and remained alert lo any indication$ of non-compliance. During the audit we focused on laws and regulations which Gould reasonably bè expected to give rise to malerial misstatement in the financial ststements, including. bul not limited to, the Charities Act 2011 and UK lax legislaliors. Our tests includeiy agreeing the financial 5talemenl disclosures to underlying supporting documentation and enquiries with management. Our procedures in relation lo fraud included but were not limited to.. inquires ol management whether they have any knowledge of any actual, suspected or alle9ed fraud, and discussions amongst the audit team regarding risk ol fraud such as opporturiities for frauaulenl manipulation of financial ststements. We determined that the principal risks related lo posting manual journal entries to manipulate financial performance and management bias through judgements in accounting eslimales. We also addressed the risk of management override of internal controls, including lesling journals and evaluating wh8lher there was evldence of bias by the Trustees thal represented a risk of matèrial misslalement due lo fraud. Because of the inherent limitations of an audit, Iheie is a risk that we will not dèlecl all irregularities, including those leading lo a material misstalemenl in the finanGial slatemgnts or non-compliance wlh ragulation. This risk increasas thè more that compliance with a law or regulation is removed from the events and transactions r8flected in the financial statemanls, as we will be less likely lo bècome aware of instance5 of non-compliance. The risk is also greater regarding irregularities OCCLJrring due to fraud rath8f than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilib.es lor the audrt of the financial statemen15 is located on the Financial Reporting Council's website at.. www.frc. -uk1 ditorsres nsibililies. This dascripts'on forms part of our Auditors, report Page 3
FRIENDS OF THE ROYAL MARSDEN CHELSEA INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF FRIENDS OF THE ROYAL MARSDEN CHELSEA {CONTINUED} Use of our report This report is made solely lo the charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounls and Reportsl Regulations 2008. Our audit work has been undertaken so that we might sta18 to the charity's Trustees those matters we are required lo stale to them in an Auditors, report and for no other purpose. To the fvllesl exlenl permitted by law, we do not accept or assume responsibility lo anyone Dther than the charitys Trustees, as a body, for our audrt work, for this report, or for the opinions we have formed. Jane Wills FCA MA l$8nior Ststutory Auditorl for and on behalf of Cooper Parry Group Limited sktulory Auditor 3rd Floor Aissela 46 High Street Esher, Surrey KT10 9QY Date.. Cooper Parry Group Limited are eligible to act as auditors in terms of sectlon 1212 of the Companies Act 2006. Page 4
FRIENDS OF THE ROYAL MARSDEN CHELSEA STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Re$trieled Unrestriet•d fund$ funds 2023 2023 Total funds 2023 Total funds 2OZ2 Note INCOME FROM Donations and legacies Charitable activities Investments 28,946 287,921 249,144 4.431 316,867 249,144 6,505 116,179 223,525 1,589 2,074 TOTAL INCOME and ENDOWMENTS 31.020 541,496 572,516 341.293 EXPENDITURE ON Raising funds Charitable activities Governance Costs 7,000 163,8461 159,790 293,332 10,100 166,790 229,486 10,100 143,422 110,473 6,100 TOTAL RESOURCES EXPENDED 156,8461 463,222 406,376 259,995 Net income before net galns on invostments 87.866 78,274 166.140 81.298 NET NIOVEMENT IN FUNDS 87,866 78.274 1 66.140 81.298 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD NET MOVEMENT IN FUNDS 75.935 87.866 797.255 78.274 873,190 166.140 791.892 81.298 TOTAL FUNDS CARRIED FORWARD 163,801 875,529 1,039,330 873,190 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 7 10 19 form part of these financial statements. Page 5
FRIENDS OF THE ROYAL MARSDEN CHELSEA BALANCE SHEET AS AT 31 DECEMBER 2023 Restricled Unrgstrlctod Funds Funds Total Funds Total Funds 2023 2023 2022 2023 Note FIXED ASSETS Tangible Fixed Assets 23,818 23,818 28,744 23.818 23.818 28,744 CURRENT ASSETS Stocks 10.200 214,407 337,106 478,342 10.200 259,840 349,517 584,299 10,088 29,205 344,577 550,013 Debtors and Prepayments Short Term Deposits Cash al Bank and in hand 45,433 12,411 105,957 163.801 1,040,055 1,203,856 933,883 Creditors.. amounts falling due within one year 10 1188,344) 1188.344} {89.4371 NET ASSETS 163,801 875.529 1,039,330 873,190 REPRESENTED BY: Reslricled and Unrestricted Funds 163.801 875,529 1,039,330 873,19) ACCUMULATED FUNDS 163.801 875,529 1,039,330 873,190 The notes on pages 7 10 19 form part of these financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. lan Williams Honorary Treasurer & Trustee Date. 2810512024 Cristiana Aragoni Chair & Trustee Date.. 2810512024 Page 6
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollclas 1.1 Basls of prgparatioii Friends of The Royal Marsden, Chelsea is an unincorporated Charity registered in England. The address of the registèred office is given in the Charity Information on page 4 of Ihase Financial Statements. The Charity conslilules a putlic benefit entty as deflned by FRS 102. The Financial Staternents have been prepared in accordance with Accounting and Reporting by Charities.. Slalgmenl of Recommended Practice applicable lo charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Octobei 2019, Financial Reporting Standard applicable in the United Kingdom and Republ of Ireland IFRS 1021, the Charities AGI 2011, and UK Generally Accepted Acwunling Pra¢tice. Th8 Financial Statements are prepared on a going concern basis under the historiGal cost convention, modified to include certain iterns at fair value. The Financlal Statements are presented in sterling which is the functional currency ol the Charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of thesè Financial Ststements are Set out below. Thése policies have been consistgnlly applied to all years presented unless otheiSe stated. 1.2 Fund A¢countlng Unrestricted Funds are funds that are available for use at the discretion of thè Trusteès to advance the general objeclNes of the Chaiity and Ihal have not been designated for other puiposes. There L8 one Restrictèd Fund, the WL Campbell-Pal6rson Will Trust, under which the FRMC is required lo use all incom8 from the Trust to provide medical equipment lo The Royal M8rsd8n NHS Foundation Tru51. Page 7
FRIENDS OF THE ROYAL MAR3DEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accguntlng policies Icontinuedl 1.3 A¢¢ountlng Polkit$ INCOMING RESOURCES.. All incoming resources are included in the Statement of Financial Activitl8s when FORMC is 8ntsded lo the incorne and the amount can be measured with sufficient reliability. Legacies are included when the Friends are advised by the peisonal representstive of an eslale that payment wll be Me, or property transferred and the amount involved can be quantrfied. Where incoming resources have related expenditure, as with fundraising, the incoming resources and related expenditure are reported gross in the Stalemenl of Financial Activikn"es. Donation5 are only included in the Statement of Financial Activities when the Charity has unconditional entement to the resources_ Incoming resovrce5 from tsx reclaims are incILed in th8 Statement of Financlal Aclivilies at the same lime as the gift to whh they relate. Donated Services and facilities aw only Included in incoming resources, with an equivalent amount in resources expended. where the benefit to the Charity is reasonably quantifiable, measurable and material. The value placed on these reSoUrS is the estimated value to the Charty of the service or facility received. The value of any voluntary help received is not included in the accounts bul is described in the Truste8s' Annual Report. Investment inGome is included in the accounts whon re¢eivaLIe. RESOURCES EXPENDED,. All expèndilura is accounted for on an accrual basis and included under 8xpense categories that aggregate costs for allocation to activities. whe costs cannot be directly attributed lo parhcular aclivilies, they have been allocated on a basi5 consi51ent with the use of the resources. VALUE ADDED TAX.. Income and Expenditure are shown net of recoverable VAT. ASSETS. Tangible fixed asset5 are r3pilalised if théy can ba uséd for more than one year and cost more than £500. They are staled al c051 less depr8cialion. Depreciation 15 providèd al lates calculated to write off the cost of lixed assets. less th8ir estsmaled resldual value. over their expected useful lives on the following basis". Café OqUiPTnant- 25°h straight line over four years-, Café refurbishment and Shop refurbishment- 10°h straight line over ten year5. stocks are valued at the lower of cost or market value. FINANCIAL INSTRUMENTS.. Financial assets and financial Ik4bililies are recognised in the balance sheet when Ihe charity bècomes a party to the contractual provisions ol the in51rumÈnl. Trade and other debtors and creditors are classified as basic financial instruments and measured al initial recognition al transaction price. Cash and cash equivalents are classified a5 basic financial in51iuments and omprise cash in hand and al bank. Financial liabilities are classified in acGordanGe with the substsnce of the contractual arrangements enterèd into and the definitions of a financial liability. Page B
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢countlng pollcies leontinu•d} 1J Accounting Policies {Mntinuedl GRANT INCOME: Grant iricome is recognised under the accrual model of Financial Reporting Standard 102. Grant income is recoynised in the profi't and Ios5 account on a systematic basis over the period in which the charity recognises the related costs for which the grant is intended lo compensate. GOING CONCERN The financial statements have been prepared on a going concern basis. The Trustees hav reviewed and considered the consequences of Covid-19 and other events and condilions, and have determined that they do not create a material uncertainly that casts significant doubt upon the enlittys ability to continue as a going concem. OPERATING LEASE AGREEMENTS.. Rentals payable undèr operatin9 leases are charged against incorne on a strai9hl line basis ovar the term of the lease. PENSION COSTS.. The charity provides the staff with the benefi'l of a defined contsibulion pension which is paid into either the charity pension schemè or a scheme of their choi¢e. The scheme is managed. and their assets are held, tjy independent managers. The pension ¢harge represents Contributions due from the charity and amounted to £163 12022.. £1621. Contributions payable to the charity's pension scheme are charged in the period trj which they relate. Page 9
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM DONATIONS AND LEGACIES Rèstri¢tÈd Unreytrfcted funds funds 2023 2023 Total fund5 2023 Donations Legacies WL Campbell-Patarson Will Trust Subscriptions 52,874 211.250 52,874 211.250 28,946 23,797 28,946 23,797 TOTAL DONATIONS AND LEGACIES 28,946 287,921 316,867 Restrictsd Unrestricted funds funds 2022 2022 Total funds 2022 44,789 13,352 34.379 23,659 Donations Legacies WL CampbelkPaterson Will Trust Subscriptions 44.789 13,352 34,379 23,659 TOTAL DONATIONS AND LEGACIES 34.379 81,800 116,179 INCOME FROM CHARITABLE ACTNITIES Unrestricted funds 2023 Total funds 2023 Friends Shop & Trolley Friends Café Young Friends Event Christmas Cards Summer Drinks Party Piano Recotal Bridge Evening Carol Concert Easyfundraising MISlIaneOuS Quiz Sponsorship 147.229 56,043 6,014 1,3g8 147,229 56,043 6.014 1.3 17.152 16.242 17 1,787 3.264 17,152 16,242 17 1.787 3,264 TOTAL INCOME FROM CHARITABLE AGTIVITIES 249, 144 249.144 Page 10
FRIENDS OF THE ROYAL MARSOEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM CHARITABLE ACTIVITIES Icontinuedl Unrestrf¢ted funds 2022 Total funds 2022 Friends Shop & Trolley Friends Café Young Friends Event Christmas Cards Summer Drinks Party Piano Recital Bridge Evening Carol Concert Easyfundraising Sponsorship 115.310 19,833 5,855 10 36,851 25 12,240 16.608 45 115.310 19,833 5,855 10 36,851 25 12,240 16,608 45 16.748 16,748 TOTAL INCOME FROM CHARITABLE ACTIVITIES 223,525 223.525 Pa9e 11
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TRADING AND FUNDRAISING C08TS R¢strictèd Unr8strictgd funds lunds 2023 2023 Total funds 2023 Frionds Shgp & Trolley Friends Café Support Costs Young Friends Event Christmas Cards Bridge Evening Garol Concert Miscellaneous Portfolio F88S Salary Costs Social Security Pension Costs Depreciation 83,530 31,989 4,721 1,940 2,594 1,393 7.999 11,3251 83.530 31.989 4.721 1,940 2.594 1,393 7,999 11.3251 7,000 21,595 265 163 4.926 7,000 21,595 265 163 4,926 TOTAL TRADING AND FUNDRAISING COSTS 7.000 159,790 166,790 Pa9e 12
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TRADING AND FUNDRAISING COSTS Icontinuedl Rtri¢tOd Unr8stri¢t8d funds funds 2022 2022 Total funds 2022 Friends Shop & Trolley Friends Café Support Costs Porttolio Fees Young Fiiend5 Event Christmas Cards Summer Drinks Party Bridge Evening Carol Concert Miscallaneous Marketing Salary Costs Pension Costs Depreciation 62,082 17,073 4,129 62,082 17.073 4,129 7,002 832 4.327 16.510 2.256 6,194 424 200 16.711 162 7,002 832 4,327 16,510 2,256 6,194 418 200 16,711 162 S,520 5,520 TOTAL TRADING AND FUNDRAISING COSTS 7,008 136,414 143,422 Page 13
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARABLE ACTIVITIES Unrostri¢tod funds 2023 Total funds 2023 AmENlEs AND EQUIPMENT PROVIDED Venezia Inlersti1131 Lunar Ovoid Applicators CCU - Avento Reclinin9 Chair Dual Function Microscope 20 Wheelchairs Gynea Surgery- RUMI Alley Imaging - 19 Chairs lor the Waitin9 Arèa Coffee Machines Dr Poppat Research Salary Abbott I-STAT Alinity System Arts Forum Contribution 25 Hybrid Mattresses CCU - H9151 Happiness Project Cancer SeNi¢es- Drufom8t Posl-op Reclining Chairs Garden Planting, Maintenance and Irrigation System Fine Negdle Surgical Instruments 12 Silk Orchids Training Module lor Total Laryngectomy Chrlstmas Presents and Gifts Aromatherapy Oils Presenls To Patients Birthday Cards Medical Day Unit Tea Trolley Torches other Expenses Fresh Flowers CushionslRefurtJishment Piano Tuning 59,341 4f,814 27,237 14.558 10,688 10,477 8.240 7,539 6,518 6,000 5,961 5.397 3,654 2,855 2,506 2,404 1,488 1,196 1,086 880 59,341 47,814 27,237 14.558 10,688 10,477 8,240 7,539 6,518 6,000 5,961 5,397 3,654 2.855 2,506 2,404 1,488 1,196 1.086 880 766 663 660 766 663 660 427 383 280 216 144 108 427 383 280 216 144 108 TOTAL AMENITIES AND EQUIPMENT PROVIDED 229,486 229.486 Restrictod Unr•strlcted funds lunds 2022 2022 Total funds 2022 TOTAL AMENITIES AND EQUIPMENT PROVIDED 62,972 47,501 110,473 Page 14
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STAFF COSTS 2023 2022 Staff Costs were as follows: Wages and salaries Soci31 secuTily costs Contribution to defined contribulic¥) pgnsion schemes 21.595 265 16.711 163 22,023 162 16.873 The average number of employees during the yeai was Two {2022'. Two) TRANSACTIONS WITH TRUSTEES During the year, no Trustees received any remuneration or other benefits {2022- £NILI. During the year ended 31 December 2023, no Trustee expenses have been incurred12022- £NILI. TANGIBLE FIXED ASSETS Café & Shop Equipment COST At 1 January 2023 62,369 At 31 December 2023 62,369 Depreciation Al 1 January 2023 Charge for the yeaT 33,625 4,926 Al 31 December 2023 38,551 Ngt book valu8 Al 31 December 2023 23.818 At 310ecember 2022 28,744 Page 15
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 DEBTORS Rgstricted Unrestricted funds funds 2023 2023 Total funds 2023 Trade Debtors 3,157 211,250 3,157 256,683 Other Debtors 45,433 259.840 Tots12023 45.433 214,407 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 280 1,942 5,175 280 1.942 28,662 Trade Debtors Prèpayrnents Other Debtofs 23,487 Total ZQ22 23,487 7,397 30,884 Page 16
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. CREDrroRS Unrestricted funds 2023 Totsl funds 2023 Trade Creditors Accruals Other Creditors Taxation & Social Security 13,971 171,672 170 13.971 171,672 170 2,531 2,531 Total 2023 188,344 188,344 Re$trlcted Unrestricted funds funds 2022 2022 Total funds 2022 Trade Creditors 13,730 11.639 1.901 13,730 75,486 1,901 Accruals Olh8r Credilors 63,847 Total 2022 63,847 27.270 91.117 Paga 17
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. CHARrrABLE COMMITMENTS At December 31, 2023 Friends of The Royal Marsden, Chelsea haj agreed lo fund the following.. 2023 Gamma Detection Probe 12 Clinical Trolleys Calheler Tip Location System Injecb'on Chair Head and Neck - Fine Needle Suigical Instruments Urinanalysis Machine Psychological Supwrt- Personalised Avatar Physiolherapy- Series ol Pilales Videos Psychological Support- 2 Chalrs for Therapy TOTAL OUTSTANDING COMMITMENTS AT 31 DECEMBER 2023 20,238 18.980 5.000 2,531 1,466 1.435 900 600 579 51,729 FORMC also supports hospital patients and staff by providing payment for many other routine costs induding: RDACIR3diolherapylCryolheiapy- Complementary Hol Drinks Refreshments for Welkbeing Events Piano- Maint8nanGe Various items for Complimentary Therapies Roof Terraces and Gardens- Maintenance 12. SUMMARY OF FUNDS CURRENT YEAR Balance at 31 Balance at 1 January 2023 D8cemb•r 2023 Income Expendituro Unrestricted funds ReStrted funds 797,255 75,935 541,496 31,020 1463,2221 56.846 875,529 163,801 873.190 572,516 1406,3761 1,039,330 Page18
FRIENDS OF THE ROYAL MARSDEN CHELSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Summary offunds Icontinuodl PRIOR YEAR Balance at 31 December 2022 Balance at 1 January 2022 Income Expendlture Unrestricted funds Reslricled funds 680,634 111.258 306,637 34,656 1190.0161 169.9801 797,255 75.934 791,892 341,293 1259,9961 873,189 13. OPERATING LEASES Al 31 December 2023 the Company had commitments to make future minimum lease payments under non-¢ancellable operating leases as follows.. 2023 2022 Not later than 1 yèar Later than 1 year and not later than 5 years 6,255 4,957 5.788 3.243 11.212 9,031 14. DONATED SERVICES FORMC received various free services from the hospital which, although theoretically p055ible. would be difficult to value. and therefore this is not conSided to be worthwhile. Thèse donated services ¢onsi510f.' Space for a small shop. shop stock, a small café, a small ofli¢e and storage., Payment on postage of out90ing mail", Four computers, all of which are linked lo the hospital neOrk.. one printer and, as necessary, computer service supporL 15. RELATED PARTIES Included in Income and Endowments 1$ £Nil12022.' £2.0071 donated by Trustees ¢*Jring the year. 16. CAPITAL Every member undertakes to contribute to the charily in the event of it being wound up whilst she I he is a member or wrthin one year afterwards. for the payment of debts and liabilities of the company contracted before she I he ceases to be a member and the cos15, charges and expenses of winding up and for the adjustment of the righ15 of contributories among Ihemsglves such amount as may be required not exceeding one pound. Page 19
APPENDIX I cou 20 Friends of thè Royal Marsdèn, Chelsea ccu- 4 X POST OP RECLINING HAIR 12X wsi ORC IDSINMDU 20 WH Al
Friends of The ROYAL MARSDEN Chelsea BECOME A FRIEND Would you like to join Friends of The Royal Marsden, Chelsea as a volunteer or a non volunteering member? Sign up on www.forrnLuk BECOME A CORPORATE MEMBER Would you like to support a local charity as part of your corporate & social responsibility programme? Email us: friends.chelsea@rmlLnhs.uk SUPPORT US Donl mlss out on forthcoming events Check out for updates on www.formouk DONATE Every donation makes a difference. Scan the QR code below with your smart phone camera to make an immediate donation REGISTERED CHARITY 110: 22261