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2021-03-31-accounts

CONTENTS Page
Reference and administrative
details
Chairman's Report
Trustees'
Report
Independent auditors
report		 32
Consolidated statement
of financial		 activities 35
Consolidated and charity balance sheets 36
Consolidated cash flow statement 37
Notes to the financial
statements		 38
Charity Name Charity Name Rennie Grove Hospice Care Hospice Care Hospice Care
Charity Number 1140386
Company Number 07479930
Registered Office Grove House
Waverley
Road
St Albans
Hertfordshire,
AL3		 SQX
Trustees Prof S Spiro
(Chairman)
Mr C Inman
OBE		 (Vice Chairman)
Mr 3 Wroe (Treasurer)
Mr S Hamill
Mr M Ferguson
Dr A Wainwright
Mrs 3 Macleod
Dr L Baillie
Mrs P Nightingale MBE
Mr E Pillinger
Mr G Upward
Company Secretary Mrs J MacLeod
Chief Executive Mr DS Marks
Senior Management Ms R Ahmad
Mrs D Gould
Mrs T Hancock
Mrs S Howard
Mrs K Pezet
Mrs P Pickersgill
Mrs P Scott
Auditors Haysmacintyre LLP
10Queen Street Place
London,
EC4R		 1AG
Bankers Barclays Bank pic
22-24
Upper		 Marlborough Road,
St Albans,
Herts		 AL1 3AL
Solicitors Sherrards
Solicitors		 Matthew Waite iz Co
45 Grosvenor Road Ariel House
St Albans Frogmore Street
Herts,
AL1 3AW		 Tring, Herts, HP23 SAU

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Unrestricted Restricted Total Total
Funds Funds 2021 2020
Notes E E E E
INCOME FROM:
Donations
and legacies		 3,305,212 460,720 3,765,932 3,227,882
Charitable
activities
NHS funding 998,707 998,707 1,042,574
Rapid Personalised
Care		 1,153,620 1,153,620 2,165,914
Other income from charitable
activities		 3,055,245 3,055,245 346,744
Other trading activities
Events ik community 486,440 4,670 491,110 609,894
Retail income 830,008 830,008 3,279,412
Investments 868 9,308 10,176 15,610
Other
Hospice Lottery Partnership 435,704 435,704 450,000
Other income 1,120,982 1,120,982 472,709
Total income 8,331,541 3,529,943 11,861,484 11,610,739
EXPENDITURE ON:
Raising funds
Donations
and legacies		 841,506 841,506 929,562
Fundraising
activities		 2,296,927 2,296,927 2,809,523
Charitable
activities
Patient care 1,830,390 2,632,667 4,463,057 4,532,446
Rapid Personalised
Care		 1,175,905 1,175,905 1,870,570
Totalexpenditure 5 6,144,728 2,632,667 8,777,395 10,142,101
Net gains/(losses)
on investments		 463,389 (21,243) 442,146 (188,985)
Net income/(expenditure) 7 2,650,201 876,033 3,526,235 1,279,653
Other recognised
gains/(losses)
Net movement
in funds		 2,650,201 876,033 3,526,235 1,279,653
Funds brought forward 6,039,071 2,066,482 8,105,553 6,825,900
Funds at 31 March 2021 8,689,272 2,942,515 11,631,788 8,105,553
Group Group Charity Charity
2021 2020 2021 2020
Notes E E E E
FIXEDASSETS
Intangible
fixed assets		 11 100,000 200,000 100,000 200,000
Tangible fixed assets 12 2,642,165 2,567,461 2,101,454 2,020,158
Investments 13 2,796,198 2,359,925 2,796,200 2,359,927
5,538,363 5,127,386 4,997,654 4,580,085
CURRENT ASSETS
Stock 14 51,000 50,181
Debtors 15 2,951,974 2,611,697 2,999,427 2,706,143
Cash at bank and in hand 4,903,656 1,774,330 4,840,829 1,707,007
7,906,630 4,436,208 7,840,256 4,413,150
CURRENT LIABILITIES
CREDITORS: amounts falling due
within one year 16a (1,063,205) (1,458,041) (1,059,245) (1,452,959)
NE'T CURRENT ASSETS 6,843,425 2,978,167 6,781,011 2,960,191
Total assets less current liabilities 12,381,788 8,105,553 11,778,665 7,540,276
CREDITORS: amounts falling due
after more than one year 16b (750,000) (750,000)
Net Assets 11,631,788 8,105,553 11,028,665 7,540,277
FUNDS
UNRESTRICTED FUNDS
General fund 8,539,172 5,795,412 8,476,761 5,777,438
Designated
funds
-
Equipment		 150,101 243,659 150,101 243,659
- IT project
18 8,689,273 6,039,071 8,626,862 6,021,097
RESTRICTED FUNDS 18 2,942,515 2,066,482 2,401,803 1,519,179
18 11,631,788 8,105,553 11,028,665 7,540,276

Notes 2021 2021 2020
E
Cash flows from operating activities 2,559,918 764,429
Cash flows from investing activities
Interest
received		 439 4,873
Dividends
received		 9,737 10,737
Proceeds from sale of PPE 9,774
Purchase oftangible
fixed assets		 (196,640) (787,489)
Purchase of investments (14,877)
Proceeds from sale of investments 5,873 4,896
Cash provided
by/(used		 in) investing activities (180,593) (772,086)
Cash flows from financing activities
Proceeds from loan 750,000
Increase (decrease)
in		 cash and cash equivalents in 3,129,326 (7,657)
the year
Cash and cash equivalents at the beginning ofthe year 1,774,330 1,781,987
TOTAL CASH AND CASH EQUIVALENTS AT THE END 4,903,656 1,774,330
OF THE YEAR
Analysis ofmovements in net cash
2020 Cash Flows New
2021
Borrowing
E
Cash at bank 1,774,330 3,129,326 4,903,656
Loan (750,000)
(750,000)
Total ig774~330 3I129I326 (750~000)
4I153I656

Freehold land 0%
Freehold buildings over 50years from the date offirst use
Leasehold property over the term ofthe lease
Leasehold improvements over the term ofthe lease
Motor vehicles 25% - 33%straight
line
Fixtures and fittings 20% straight
line
Tools and equipment 25% —33%straight
line
Car park over 10years from the date offirst use

2. ANALYSIS OF INCOME (2021) INCOME (2021) Unrestricted Restricted Total
funds funds 2021
E E E
Legacies 1,213,234 50,000 1,263,234
Donations 2,091,978 410,720 2,502,698
Total legacies and donations 3,305,212 460,720 3,765,932
Events 486,440 4,670 491,110
Trading 830,008 830,008
Total trading and fundraising 1,316,448 4,670 1,321,118
Investment
income		 receivable 429 429
Interest receivable 439 9,308 9,747
Total investment income 868 9,308 10,176
Income from donations,
legacies,
trading, fundraising
S.investments		 4,622,527 474,699 5,097,226
ANALYSIS OF INCOME (2020) Unrestricted Restricted Total
funds funds 2020
E E E
Legacies 1,056,011 1,056,011
Donations 1,525,053 646,818 2,171,871
Total legacies and donations 2,581,064 646,818 3,227,882
Events 605,944 3,950 609,894
Trading 3,279,412 3,279,412
Total trading and fundraising 3,885,356 3,950 3,889,306
Investment
income		 receivable 1,429 1,429
Interest receivable 4,873 9,308 14,181
Total investment income 6,302 9,308 15,610
Income from donations,
legacies,
trading, fundraising
h investments		 6,472,722 660,076 7,132,798
3. INCOME FROM C H ARITABL E ACTI VITIES (2021)
Unrestricted Restricted Total
funds funds 2021
E E E
NHS funding
from		 CCGs 998,707 998,707
Rapid Personalised Care 1,153,620 1,153,620
Pepper Foundation/ NHS England 325,730 325,730
COVIO grant funding through Hospice UK 2,729,515 2,729,515
2,152,327 3,055,245 5,207,572
INCOME FROM CHARITABLE ACTIVITIES (2020)
Unrestricted Restricted Total
funds funds 2020
E E
NHS funding
from		 CCGs 1,042,574 1,042,574
Rapid Personalised Care 2,165,914 2,165,914
Pepper Foundation/ NHS England 346,744 346,744
3,208,488 346,744 3,555,232
4. OTHER INCOME (2021) Unrestricted Restricted Total
funds funds 2021
F. E E
Hospice Lottery Partnership 435,704 435,704
Business Continuity Insurance Claim 353,654 353,654
Council Grant Covid 19 338,429 338,429
Furlough
Covid 19		 417,427 417,427
Other Income 11,472 11,472
1,556,686 1,556,686
OTHER INCOME (2020) Unrestricted Restricted Total
funds funds 2020
E E
Small Business Rates Relief 460,000 460,000
Hospice Lottery Partnership 450,000 450,000
Other 12,709 12,709
922,709 922,709

S. EXPENDITURE (2021) Direct staff Direct other Allocated Total
costs support costs 2021
Costs of raising donations and
Legacies 591,917 130,812 118,777 841,506
Costs oftrading and fundraising 994,564 1,035,115 267,248 2,296,927
Charitable
activities
Patient care 4,707,634 420,587 510,741 5,638,962
6,294,115 1,586,514 896,766 8,777,395
EXPENDI'TORE (2020) Direct staff Direct other Allocated Total
costs costs support costs 2020
E E E
Costs of raising donations and 601,348 195,127 133,087 929,562
legacies 1,107,265 1,417,936 284,322 2,809,523
Costs oftrading and fundraising
Charitable
activities		 5,483,309 435,754 483,953 6,403,016
Patient care
7,191,922 2,048,817 901,362 10,142,101

2021
Management Finance Resources Governance Total
E E E E E
Costs ofraising
donations and legacies 18,459 27,474 69,692 5,250 120,875
Costs oftrading and
fundraising 40,442 60,196 152,696 11,503 264,837
Charitable activities
Patient care 78,042 116,160 294,656 22,196 511,054
136,943 203,830 517,044 38,949 896,766

ANALYSIS OFS UPPO R T COSTS(2020)
2020
Management Finance Resources Governance Total
E E
Costs of raising
donations
and legacies		 20,361 28,717 74,832 7,702 131,612
Costs oftrading and
fundraising 43,965 62,007 161,583 16,631 284,186
Charitable
activities
Patient care 75,119 105,946 276,082 28,417 485,564
139,445 196,670 512,497 52,750 901,362
GOVERNANCE
COSTS INCLUDE		 2021 2020
E
Insurance 9,898 11,957
Legal fees
Professional
fees		 6,901 19,953
Other expenses
Auditor's
remuneration:
Audit work 18,950 18,050
Other services 3,200 2,790
38,949 52,750
7. NET INCOME
2021 2020
Net income is stated after: E
Auditors'
remuneration
Audit services 18,950 18,050
Other services 3,200 2,790
Operating
lease		 rentals
Land and buildings 586,991 681,292
Depreciation 121,937 135,345
Amortisation 100,000 100,000
8. STAFF COSTS 2021 2020
Number Number
The average monthly number ofemployees for the charity and the
group during the year was:
Direct charitable work 86 80
Fundraising —donations and legacies 20 22
Fundraising —trading (shop staff) 44 46
Fundraising -events 1 1
Management and administration 16 15
167 164

Employment costs in respect ofthe staff above were: 2021 2020
E E
Wages and salaries 5,134,462 4,919,588
National
insurance		 421,590 416,795
Pensions 275,265 276,547
Other costs 223,809 307,651
6,055,126 5,920,581

2021 2020
Number Number
f60,001- 670,000 1 1
f80,001to f90,000 1 1

ORT HE YEAR ENDED 31MARCH 2021
11. INTANGIBLE FIXEDASSETS (GROUP AND CHARITY) Goodwill
I
2021
Cost
At 1 April 2020 500,000
Additions
At 31 March 2021 500,000
Amortisation
At 1 April 2020 300,000
Charge for the year 100,000
At 31March 2021 400,000
Net book value
At 31March 2021 100,000
At 31March 2020 200,000

12.
TANGIBLE		 FIXEDASSETS
Leasehold Fixtures
Land and improve- and Tools and Motor Work in
buildings ments fittings equipment vehicles progress Total
E E E
Group:
Cost
At 1 April 2020
Additions		 2,050,942
196,640		 301,129 231,677 362,569 52,436 718,880 3,717,633
196,640
Disposals
Transfer 718,880 (718,880)
At31March 2021 2,966,462 301,129 231,677 362,569 52,436 3,914,273
Depreciation
At 1 April 2020
Charge for the year		 446,020
28,380		 237,782
8,943		 156,200
33,259		 281,923
41,034		 28,247
10,320		 1,150,172
121,936
Disposals
At31March 2021 474,400 246,725 189,459 322,957 38,568 1,272,108
Net book value
At 31 March 2021 2,492,062 54,404 42,218 39,612 13,869 2,642,165
At 31 March 2020 1,604,922 63,347 75,477 80,646 24,190 718,880 2,567,461
Charity:
Cost
At 1 April 2020 1,382,341 301,129 231,677 362,569 52,436 718880 3049032
Additions 196,640 196,640
Disposals
Transfer 718,880 (718,880)
At 31March 2021 2,297,861 301,129 231,677 362,569 52,436 3,245,672
Depreciation
At 1April 2020
Charge for the year
Retire Assets		 324,722
21,787		 237,782
8,943		 156,200
33,259		 281,923
41,034		 28,247
10,321		 1,028,874
115,344
At 31March 2021 346,509 246,725 189,459 322,957 38,568 1,144,218
Net book value
At 31 March 2021 1,951,352 54,404 42,218 39,612 13,868 2,101,454
At 31 March 2020 1,057,619 63,347 75,477 80,646 24,189 718,880 2,020,158

14. STOCK Group
2021		 Group
2020		 Charity
2021		 Charity
2020
E
Bought
in goods for resale		 51,000 50,181
15. DEBTORS Group
2021		 Group
2020		 Charity
2021		 Charity
2020
E
Trade debtors 1,575 1,575
Income tax recoverable 19,563 67,341 19,563 67,341
Prepayments
and accrued		 legacy income 2,932,119 2,328,247 2,932,119 2,328,247
Other debtors 292 214,534 290 214,531
Intercompany debtors 47,455 94,449
2,951,974 2,611,697 2,999,427 2,706,143
16a. CREDITORS: amounts
within one year		 falling due Group
2021		 Group
2020		 Charity
2021		 Charity
2020
E E E
Trade creditors 181,637 220,142 179,327 219,551
Taxation and social security 26,961 105,576 26,811 102,585
Pensions 51,218 48,950 51,218 48,950
Accruals and deferred income 803,240 1,083,373 801,740 1,081,873
Other creditors 149 149
1,063,205 1,458,041 1,059,245 1,452,959
Accruals and deferr ed
income includes
deferred
income		 as follows:
Group L Group B
Charity Charity
2021 2020
E E
At 1 April 2020 101,539 50,714
Amounts deferred in the year 434,285 101,539
Amounts released in the year (101,539) (50,714)
At 31March 2021 434,285 101,539

18. RESERVES2021 Gains,
Losses
At 1April and At 31
2020 Income Expenditure Transfers March 2021
E E
Group:
Unrestricted
funds
General fund 5,782,209 8,242,206 (5,090,754) (452,131) 8,481,530
Designated
fixed asset fund		 243,659 (1,009,078) 915,520 150,101
Designated
equipment		 fund
lain Rennie Hospice Services 13,203 89,335 (44,896) 57,642
Restricted funds 6,039,071 8,331,541 (6,144,728) 'l63,389 8,689,273
Property
fund		 1,604,922 887,140 2,492,062
Other Restricted
Funds		 —fixed
assets
Pepper Foundation 325,730 (325,730)
COVID grant funding through
Hospice
UK		 2,729,515 (2,729,515)
Nurses Cottage Trust
Other restricted
funds		 316,041
145,519		 9,308
465,390		 (9,308)
(455,254)		 (21,243) 294,798
155,655
2,066,482 3,529,943 (2,632,667) (21,243) 2,942,515
Total funds 8,105,553 11,861,484 (8,777,395) 442,146 11,631,788
Charity:
Unrestricted
funds
General
fund		 5,777,438 8,231,861 (5,080,407) (452,131) 8,476,761
Designated
fixed asset		 fund 243,659 (1,009,078) 915,520 150,101
Designated
equipment		 fund
Restricted funds 6,021,097 8,231,861 (6,089,485) 463,389 8,626,862
Pepper Foundation 325,730 (325,730)
COVID grant funding through
Hospice
UK		 2,729,515 (2,729,515)
Property
fund		 1,057,621 893,731 1,951,352
Nurses Cottage Fund
Other restricted
funds		 316,041
145,517		 9,308
465,390		 (9,308)
(455,254)		 (21,243) 294,798
155,653
1,519,179 3,529,943 (2,626,076) (21,243) 2,401,803
Totalfunds 7,540,276 11,761,804 (8,715,561) 442,146 11,028,665

18. RESERVES2020 RESERVES2020 Gains,
Losses
At 1April and At31
2019 Income Expenditure Transfers March 2020
E E F. E
Group:
Unrestricted funds
General fund 4,437,279 10,443,394 (8,824,227) (274,237) 5,782,209
Designated
fixed asset		 fund 287,520 (112,469) 68,608 243,659
Designated
equipment		 fund 2,245 (2,245)
lain Rennie Hospice Services 13,203 160,525 (160,525) 13,203
4,740,247 10,603,919 (9,099,466) (205,629) 6,039,071
Restricted funds
Property
fund		 1,625,553 (20,631) 1,604,922
Pepper Foundation 346,744 (346,744)
Nurses Cottage Trust 299,397 9,308 (9,308) 16,644 316,041
Other restricted funds 160,703 650,768 (665,952) 145,519
2,085,653 1,006,820 (1,042,635) 16,644 2,066,482
Total funds 6,825,900 11,610,739 (10,142,101) (188,985) 8,105,553
Charity:
Unrestricted funds
General fund 4,409,739 10,542,034 (8,900,098) (274,237) 5,777,438
Designated
fixed asset		 fund 287,520 (112,469) 68,608 243,659
Designated
equipment		 fund 2,245 (2,245)
4,699,504 10,542,034 (9,014,812) (205,629) 6,021,097
Restricted funds
Property
fund		 1,085,700 346,744 (346,744) 1,085,700
Other fixed assets (14,039) (14,040) (28,079)
Nurses Cottage Fund 299,397 9,308 (9,308) 16,644 316,041
Other restricted funds 160,702 650,767 (665,952) 145,517
1,531,760 1,006,819 (1,036,044) 16,644 1,519,179
Total funds 6,231,264 11,548,853 (10,050,856) (188,985) 7,540,276

19. ANALYSIS OF NET ASSETS BYFUND (2021) Unrestricted Restricted
funds funds Total
E E E
Group:
Intangible
fixed assets		 100,000 100,000
Tangible fixed assets 150,101 2,492,064 2,642,165
Investments 2,501,402 294,796 2,796,198
Other net assets 5,937,770 155,655 6,093,425
Total net assets 8,689,273 2,942,515 11,631,788
Charity:
Intangible
fixed assets		 100,000 100,000
Tangible fixed assets 150,101 1,951,353 2,101,454
Investments 2,501,404 294,796 2,796,200
Other net assets 5,875,356 155,655 6,031,011
Total net assets 8,626,862 2,401,803 11,028665
ANALYSIS OF NET ASSETS BYFUND (2020) Unrestricted Restricted
funds funds Total
Group:
Intangible
fixed assets		 200,000 200,000
Tangible
fixed assets		 962,538 1,604,923 2,567,461
Investments 2,043,884 316,041 2,359,925
Other net assets 2,832,648 145,518 2,978,166
Total net assets 6,039,070 2,066,482 8,105,552
Charity:
Intangible
fixed assets		 200,000 200,000
Tangible fixed assets 962,538 1,057,620 2,020,158
Investments 2,0'l3,886 316,041 2,359,927
Other net assets 2,814,673 145,518 2,960,191
Total net assets 6,021,097 1,519,179 7,540,276

Income Expenditure Netfunds
E E
St Albans and Dacorum Day Hospice 4,772
Iain Rennie Hospice at Home 6,591 540,711
Iain Rennie Hospice Services 89,335 55,243 57,642

Land and buildings
2021 2020
F. E
Expiry date:
Within one year 665,906 666,395
Between one and two years 574,446 622,336
Between two and five years 1,005,616 1,197,963
In over five years 670,286 892,689
2,916,254 3,379,383

2021 2020
GROUP: E
Financial assets at amortised
cost		 4,966,774 1,990,437
Financial
liabilities at amortised		 cost 235,315 269,092
Financial assets at fair value 2,537,391 2,101,117
Equity instrument
at cost less impairment		 258,806 258,806
CHARITY:
Financial assets at amortised
cost		 4,903,948 1,923,114
Financial
liabilities at amortised		 cost 199,150 179,638
Financial asset at fair value 2,537,391 2,101,117
Equity instrument
at cost less impairment		 258,808 258,808
24. NOTES TO THE CASHFLOW STATEMENT 2021 2020
E
Reconciliation
of
changes		 in resources to net cash
inflow/(outflow)
from operating		 activities
Net income for reporting
period		 3,526,235 1,279,653
Depreciation
oftangible
fixed assets		 121,936 135,345
Amoitisation
ofintangible
fixed		 assets 100,000 100,000
(Gains)/Losses
on investments		 (441,968) 199,096
Interest received (439) (4,873)
Dividends
received		 (9,737) (10,737)
Realised (Gains)/Loss (176) (10,110)
(Increase)/Decrease
in stock		 (819) (17,666)
Decrease/(Increase)
in debtors		 (340,278) (1,585,655)
(Decrease)/Increase
in creditors		 (394,836) 679,376
Net cash generated
by operating		 activities 2,559,918 764,429

Unrestricted Restricted Total
Funds Funds 2020
Notes
INCOME FROM:
Donations
and legacies		 2 2,581,064 646,818 3,227,882
Charitable
activities		 3
NHS funding 1,042,574 1,042,574
Rapid Personalised
Care		 2,165,914 2,165,914
Other income from charitable
activities		 346,744 346,744
Other trading activities
Events 5community 605,944 3,950 609,894
Retail income 3,279,412 3,279,412
Investments 6,302 9,308 15,610
Other
Hospice Lottery Partnership 450,000 450,000
Other income 472,709 472,709
Total income 10,603,919 1,006,820 11,610,739
EXPENDITURE ON:
Raising funds
Donations
and legacies		 929,562 929,562
Fundraising
activities		 2,809,523 2,809,523
Charitable
activities
Patient care 3,'l89,811 1,042,635 4,532,446
Rapid Personalised
Care		 1,870,570 1,870,570
Total expenditure 9,099,466 1,042,635 10,142,101
Net gains/(losses)
on		 investments (205,629) 16,644 (188,985)
Net income/(expenditure) 1,298,824 (19,171) 1,279,653
Transfers between funds
Other recognised gains/(losses)
Net movement
in funds		 1,298,824 (19,171) 1,279,653
Funds brought
forward		 4,740,247 2,085,653 6,825,900
Funds at 31 March 2020 6,039,071 2,066,482 8,105,553