2023-03-31-accounts

RENNIE GROVE HOSPICE CARE TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Registered Company Number: 7479930 Registered Charity Number: 1140386

CONTENTS Administrative details Trustees, Report Independent Auditors Report 21 Consolidated Statement of Financial Activities 24 Consolidated and Charity Balance Sheets 25 Consolidated Statement of Cash Flows 26 Notes to the Financial Statements 27 IIPage

RENNIE GROVE HOSPICE CARE ADMINISTRATIVE DETAILS Charity Name Rennie Grove Hospice Care Charity Number 11¢10386 Company Number 7479930 Registered Office Grove House Waverley Road St Albans Hertfordshire, AL3 5QX Trustees Dr J Shindler (Chairman) (Appointed 26 january 2023) Mr C Inman OBE (Vice Chairman) Mr J Wroe (Treasurer) Mrs E Moralez-Perez (Appointed 26 January 2023) Mrs E Coleridge Smith {Appointed 26 January 2023) Mr G Davis (Appointed 26 January 2023) Mr A Graham MBE (Appointed 26 January 2023) Mr M Ferguson Mr S Hamill Mrs S Hill (Appolnted 26 January 2023) Mrs J Langfield (Appointed 26 January 2023) Ms J Morosco (Appointed 26 lanuary 2023) Mr R Russell-Hogg (Appointed 26 january 2023) Dr A Wairswright Mrs L Bailee (Resigned 26 January 2023) Mrs l MacLeod (Resigned 26 january 2023) Mrs P Nightingale (Resigned 26 January 2023) Mr E Pillinger (resigned 26 January 2023) Professor S Spiro OBE (Reslgned 26 lanuary 2023) Mr G Upward (Resigned 26 January 2023) Mrs E Moralez-Perez Company Secretary Chief Executlve Executive Board Mr DS Marks Mrs J Westlake-Tritton Dr Sarah Klinger Mrs P Pickersgill Ms R Ahmad Mrs T Hancock Mrs D Gould Auditors Haysmacintyre LLP 10 Queen Street Pla London, EC4R IAG Bankers Barclays Bank plc Corporate Banking Suite 11 Bank Court Hemel Hempstead Hertfordshlre HPI IBX Sherrard5 Soliators 4 Beaconsfield Roa st Albans ALI 3RD Solicitors 21Page

RENNXE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES. REPORT The Board of Trustees presents its Annual Report and Financial Statements for the year ended 31 March 2023 which comply with the requirements of the Companies Act 2006, The Charities Statement of Recommended Practice (SORP) and the CharitiesAct 2011. The Trustees, Report incorporates the requirements of the Strategic Report as required by the Companies Att2006 (Strategic Report and Directors, Report) Regulations 2013. In this Trustees, Report"the Group" refers to Rennie Grove Peace Hospice Care (Rennie Grove Peace) and its subsidiaries; 'RG Group" is Rennie Grove Hospice Care (RG) and its subsidlaries lain Rennie Hospice Services Limited, St Albans and Dacorum Day Hospice and The Iain Rennie Hospice at Home the"Charity" is Rennie Grove Hospice Care. RENNIE GROVE PEACE HOSPICE CARE In June 2022 after a successful period of collaboration, the Trustees of Rennie Grove Hospice Care (RG) and Peace Hospice Care (PH) announced their intention to merge the two organisations into one new charity, called Rennie Grove Peace Hospi￿ Care (Rennie Grove Peace). The new Charity was incorporated on 14 September 2022 and registered by the Charity Commission on 25 January 2023. On 25 January 2023, Rennie Grove Peace acquired ownership of RG and PH by way of transfer of ownership from the respective members of RG and PH to Rennie Grove Peace for nil consideration. Rennie Grove Peace is a member owned charity, and its sole members are its Trustees. During the year the operations of the Group were largely carried out by RG and PH. The Group provides palliative, end-of-life advi￿, support, educdtion and a wide range of services to those people who are registered with a West Hert5 or Buckinghamshire GP practice. The Group is a specialist palliative care provider whose services are delivered by a multi-disciplinary team of Nurses, Dottors, Allied Health Professionals, therapists, support staff and volunteers who will ensure the right service is delivered by the right person at the right time. Professional and self- referrals are received for those patients and those who care for them, including the Health andlor Social care workforce. The driving for￿ behind the merger of RG and PH is the goal to increase both the reach and scope of services provided by the t￿0 legacy charities. This includes high-quality care for those facing life- limiting illness, as well as bereavement counselling services for anyone affecLed by grief. The Group has three clear aims: Serve - provide a wider range of seNices to support people in West Herts and Bucks to live as well as possible as they near the end of their lives Reach- develop new and enhanced services to reach all sections of the local communlty and meet their ch3nging needs strengthen- use our strengthened combined voice to secure the resour￿5 needed to ensure every local person receives the care they need, when they need it

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 PUBLIC BENEFIT RG is a Public Benefit Entity. The Trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011. They have considered the public benefit guidance published by the Charity Commission and believe that they have followed it. This report provides details of the areas of charitable activity undertaken by RG. The focus of Rennie Grove is to ensure that patients livlng In the Bucks and West Hertfordshire areas with a palliative diagnosis have the Choi￿ about how and where they want to be cared for towards the end of life. RG provides seNices in line with the aim of the NationBI End of Life Care Strategy (2008) to provide services people need to enable them to be cared for at home and to die there if that is their choice. It also accords with the Department of Health Publication, 'Our commitment to you for end-of-life care.. the Government Response to the Review of choi￿ in End of Life Care (2016),. In addltlon, RG is committed to An7bitlons for Palliative and End of Life Care." A national frametvork for local action 2021-2026. The National Palliative and End of Life Care Partnership created this framework to'improve end of life care through partnership and collaborative action between organisations at a local level throughout England" GOVERNANCE The sole member of RG is Rennie Grove Peace. Following the establishment of the Group, the governance arrangements of the Charity were incorporated into the g0Veman￿ of Rennie Grove Peace and are described below. Charity Governance Code The Charity Governance Code (the Code) is a set of principles and recommended good practi against which Charities may compare themselves and identify areas of strength and for potential improvement. The Code includes seven principles which the Board of Trustees of Rennie Grove Peace has considered in its alm to ensure continued strong governance of the Group. OryanisatsonalPurpose The Board of Trustees of Rennie Grove Peace maintains the vision and mission of the Group. It approves the strategy, operational plans and budget. The Trustees operate as a team and re￿1ve reports from management to ensure the proper functioning of the Group. Key governance highlights In the year included establishing an effective committee structure to take the new Group forward, including defining relevant terms of referen￿. The Group Board was able to base the new organisation's structure on the best features of each of the legacy charities. 41PaLie

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Leadership The Board maintains responsibility for ensuring the strategy of Rennie Grove Peace is established and followed. The Board has a wide range of clinical and non-clinical abilities and experience from a variety of backgrounds. By meeting regularly with management and clinical staff, the Group Board ensures that leadershlp and management are integrated for the good of Rennie Grove Pea￿. Integrity The culture of the Board supports independent and challenging thought accompanied by a supportive ethos. Procedures are in place to prevent conflicts of interest and to ensure the Board is independent in its decision maklng. Decision Making/ Riskand Contml The Board has developed an effective structure of board committees and working groups. This allows Board members and management to effectively implement the strategic priorities of Rennie Grove Pea￿ whilst allowing the Board time to focus on strategic developments. Operational matters are delegated to the senior management team who report on key strategic developments to the Board. Importan￿ is pla￿d on effettive risk management and considerable progress has been made in the year in establishing risk management processes. Board Effectiveness The Group Chair will carry out governance reviews 5UPPOrted by the Governance Committee to ensure the process for the recruitment, appointment and retirement of the Board members is effective. An inducbon process for new Trustees is in place. Mandatory E-learning is in line with staff and the Chair agrees other training directly with individual Trustees. Equality, Diversity & Indusion The Board recognises that a variety of perspectives, backgrounds and skills is essential for good governance. These matters are considered as part of the prO￿s5 for nominating new Trustees. Openness andAccountability The Board pla￿S great importance in ensuring that the Group's seNices and activities and impact are reported to all stakeholders in a transparent manner. Key information is made available to staff and volunteers by the Chair and Chief Executlve. We actively seek feedback on all clinical activities. RG Group Structure RG has three subsidiary companies: The Iain Rennie Hosp1￿ at Home, Iain Rennie Hospice Services ￿mIted, and St Albans and Dacorum Day Hospice The Iain Rennie H05pice at Home holds the asset of our Gillian King House building. The financial results of all subsidiaries are consolidated into the financial statements of Rennie Grove. RG has a 33 % shareholding in The Hospice Lottery Partnership Limited, a company which operates a lottery to raise funds for RG and the other partners. 51Page

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees of Rennie Grove Peace and RG are volunteers from the local communlty who bring a range of expert skills to set the Group's overall vision and strategic direction. They ensure compliance with relevant legislation and that regulatory standards are met, quality is monitored, and services are effective, as well as overseeing efficient finanaal stewardship and the financial planning of the charity. The Group Board of Trustees have agreed delegation of its powers through the Chief Executive (CE) and five Committees of the Board of Rennie Grove Pea￿ which are described below: Governance Committee The purpose of the Governance Committee is tr) oversee the governance arrangements of the Group and make recommendations to the Board. In particular, the Committee: Review5 the size and cornposition of the Board and its committees and makes recommendations on the appointment of individuals to the Board. Supports the Chair in the annual Board Effectiveness Review. Recommends to the Board the appointment of the Chlef Executive. Oversees the remuneration paid to the Chief Executive and the Executive Board members and the overall remuneration framework for the Charity's employees. An external company was commissioned to carry out a benchmarking exercise. Clinical Governance Committee The purpose of the Commlttee is to advise the Board in relation to the Group's development of the Clinical Strategy and the delivery of the underpinning annual patient services work plan and agreed Key Performance Indicators (KPIS). In particular, the Committee.. Horizon scans to identify opportunities to maximise patient serVI￿S growth and fvture Servi￿ developments which are responsive in reaching more people and refiect our locality needs. Re￿]VeS assurance that there are effective clinical quality assurance and clinical governance control systems established and maintained across the orgahisation, demonstrable outcomes and measurable impact. Provides assurance to the board that the clinical services are continuously striving to improve care, while remaining compliant with all legislative and regulatory requirements and with consideration of the organisation wide sustsinability and digital transformation strategles. Identifies and define the accepted risk levels arlsing from the Group's clinical operations and any increase in attivity and innovatlon risks to the Board. Development Operations & Performance Committee The purpose of the Comrnittee is to provide assurance to the Board on the development, operations and performan￿ of the Group s strategic ambitions and annual operational plan, highSighting new operational rlsks which may arise out of the development of the plan for the directorates that report to this committee, and monitor.. Finanaal and operaUonal performan￿ and risk The overall Integrity of the Group's intemal financial and operational reporting The Group's operational controls. Recommendations for developments involving tanglble fixed assets. Risk and Audit Committee The purpose of the Committee is to provide assurance to the Board that the Charity's responsibilities regarding financial legislation and regulatlons are met. It reviews overall risk 61Page

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 management assessmen¢ controls and mitigations processes and continuous quality improvement. Thls includes.. Reviewing, on behalf of the Board, the integrity of external financlal reporting Overseeing the relationshlp with'the external auditor Monltoring quality and assurance improvement systems and compliance with external regulations Reviewing risk management systems Investment Committee The purpose of the Committee is to monitor the financial resources and liabilities of the Charity. This includes monitoring internal financial controls relating to cash, marketable investments, financial liabilities, and other liquid resources of Rennie Grove Pea￿, considering the Board's attitude to financial risk and the financial sustainability of Rennie Grove Peace. It also indudes monitoring the perf0rrnan￿ of banking counterparties and investments advisors. The Board of Trustees agrees the terms of reference for the five committees which have clear, delegated authorities. The Board monitors performance of the committees through reports received at Board Meetings and an annual report. Certain matters are reserved for the Board and members of the. Executive Board are invlted to attend Board and Board Committee meetings as appropriate. Executlve Board The Rennie Grove Peao Executive Board (EB) is led by the Chief Executive (CE) who is appointed by, and accountsble to, the Trustees. The EB has resporsibility for the day-to-day management of the Charity, ensuring it functions within the law in accordan￿ with tharity Commission regulations, Care Quality Commission standards, Scheme of Delegation Policy and other relevant regulations. The EB consists of CE, ￿lef ainical Office, Medical Dirthr, Director of Development, Operations & Performance, Director of People & Culture, Director of Marketing, Dlrector of Fundraisingi and Director of Retail &Trading CLINICAL ACTIVITIES In 2022-23 Rennie Grove Hospice Care cared for 2,600 patients. This included 1,804 Hospice at Home patients for adults and children (1748 adults and 56 children). 238 patients and carers were seen by the wider Rennie Grove services and 509 were contacted by our Family Support serVi￿S. Our Rapid Personallsed Care Service cared for 407 patients. 173 patients attended Living Well seNI￿s, 177 patients were seen at Nurse Assessment clinic, 51 at Speaalist Nurse ainic, 292 by Occupational Therapy, 129 by Physiotherapy and 268 patients had Complimentsry Therapy, 102 patients attended Day Courses. Our Children's Hospice at Home service cared for 56 children and their families in 2022-23 and 86 contscted children's support servI￿s. We are continually reviewing our ability to respond to increasing demands for support and Services from patsents. Below is an outline of our current seNices which allow us to provide 7jPage

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 holistic care, treatment and support to our patients and their families. As a registered charity, we rely on the generosity of the local community to fund around 75 % of our annual running costs, allowing us to care for many hundreds of patients and families every year. Our care is provided at no cost to our patients and families and is made possible by the generous donations we receive from our local community as well as the dedication of our staff and the commitment of over 1,500 volunteers. Our SeNices delivered during the year to 31 March 2023 are described below: Hospice at Home Service Is unique in the local area, offering specialist care at home through a combination of planned and responsive visits by our teams of nurses and healthcare assistants, We offer practical nursing care and advice 24 hours a day to help you control your symptoms and avold unnecessary hospital admissions, keeping you at home with your loved ones. Children s Services Providing a specialist 2417 Children's Hospice at Home Service for babies, children, and young people up to the age of 19 living with a life-limiting condition in parts of Buckinghamshire and Hertrordshire. Our team of children's nurses provides flexible and responsive care tailored to each family's needs to help ensure that the children can fulfil their potential and enjoy the best quality of life pO￿￿ble, however short that life may be. In addition to practical nursing care, Rennie Grove Children's Nurses provide vital advice and 5UPPOrt to parents equlpping them with the skills and signposting them to the resources they need to be able to care for their child at home. Often a visit from a Rennie Grove nurse can help a parent stabilise a child's condition, set minds at rest and avoid the distress of an Unne￿SSary hospital admission. Rapid Personalised Care Service (RPCS) Fast-track continuing health care, funded by the Clinical Commlssioning Group for 12 weeks. It is designed to offer personalised care for a period of up to 12 weeks to provide people with the daily support they need to remain safe and comfortable at home during their final weeks of life. The team of trained healthcare assistants, along-side a care coordinator and service lead will be involved in your care to give you the specialist support you need. Healthcare professionals will have referred you to our service to receive a package of care to support you and your family at this difficult time. The Buckinghamshire Rapid Personalised Care Service was introduced in January 2022 and is a pilot service which we hope will become a substantive service for our Buckinghamshire patients in 2023. It is modelled on the successful Hertfordshire RPCS service and offers fast-track continuing health care which is funded by Buckinghamshire Clinical Commissioning Group for 12 weeks. The Servi￿ Is designed to offer personalised care for a period of up to 12 weeks to provide people with the daily support they need to remain safe and comfortable at home during their final weeks of life. Living Wellservices Our Llvlng Well servi￿ at Grove House 15 a positive and artive pla￿ offering practical care and social support for patients diagnosed with cancer or other life-limiting illness. All patients in 81Pa&ic

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Living Well are continually monitored and assessed by specialist nurses who offer symptom management and emotional support. You can also get support from other patients and volunteers in a group Setting. Specialistlvurse Clinic These clinics are designed to provlde patients with access to specialist care whilst maintaining their independence. The emphasis will be on giving you control and helping you to manage your own health and wellbeing. Our Specialist Nurse Clinic offers.. Ongoing monitoring and management of symptoms and conditions Specialist advice on side-effects from treatment Ongoing support, including coplng strategies and psychological support Slgnposting to other appropriate seNices OPERATIONAL REVIEW AND ACHIEVEMENTS FOR THE YEAR During the year the focus of the Group has been on the planning and implementation of the merger. The paragraphs below desciibe the key activities undertaken in the year. Padent Servi New organisational struttures have been implemented within Rennie Grove Peace clinical services and this has included a significant level of development. A clinical coordination ￿ntre has been highlighted as a priority to provide a more coordinated and effective approach to care within Rennie Grove Peace setvices to ensure that patients are able to receive care from the right person, in the right place and at the right time. A project is underway to develop this with implementation planned for later in 2023. There has been a huge focus on recruitment as this remains a significant challenge for Rennie Grove Peace clinical services in line with most healthcare organisations nationally. New roles including paramedics and a nurse consultant have been added to provide a wider mix of skills, in addition to several examples of internal development and promotion which have been designed to strengthen the leadership and delivery of clinical services. A considerable amount of work has been done to clarify the GP alignments and population sizes of Rennie Grove Pea￿ clinical teams to reduce unnecessary duplication of seNices and to ensure more seamless services for patients. All Rennie Grove pea￿ clinical servi￿5 (except for the Improving Access to Psychological Therapies (IAPT) servi￿) are now using the same electronic patient record system (Systemone) which allows dearer communication internally and allows increased visibility of information from other healthcare organisations who are also caring for the patients. Rennie Grove Peace have been a collaborative partner in the development of a system wide, specialist psychology service for can￿r and palliative care patients in West Hertfordshire which ensures more support to patients. The Clinical Leadership Team have been developing Ilnks with other providers to explore collaboratlve working opportunities with NHS, social care and voluntary sector organisations. 91 P(IgTe

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Fundraising We have restructured the fundraising team, combining the ￿0 team5 from the legacy charities and recruiting to the posts which were vacant. This will create a strong, diverse, and experienced team to deliver our goals and targets. Rennie Grove Pea￿ saw exceptional legacy income in the year, which, along with exceedlng target across fundraising, meant we closed the year ahead of our target. The relaunch of the Herts IOK was a remarkable success, attracting previous and new runners to the event. We also saw membership of our VI￿ Presidents scheme grow, attracting new donors to give at a higher level to support the development of our work. Key achievements included the Big Give Challenge, which reached its increased target of £80,000 within four days and the Chiltern 3 Peaks Walk which raised £55,561. Data continued to be at the heart of our activity, ensuring we can provlde every supporter wlth the best possible experience and increase the lifetime value of those who so generously give to help us deliver our seNices. Fundraising during the year, in line with the sector, has been challenging. We have seen supporters adjusting their donating habits as the cost of living rose, a number of trust and grant bodies shifting their focus to mental health, charities supportlng those struggling with rising costs, and donors still taking time to return to events after the pandemic. Retail & Trading The Retail and Trading team have been combining the best of both from the legacy charities to ensure smooth efficient operational processes are In pla￿ for shops to maximise the potential of the network of 32 shops. We had our flrst All Retsil Staff Conferen￿, and we have continued the very suc￿$Sful roll out of the "Rennie Grove Peace Revisiting" programme to refurbish shops, ensuring each shop meets its local community needs and reinforcing our environmental mantra, "Recare, Rewear, ReHome" The programme includes ReLoved Boutiques, Community Hub shops and Revalued Outlet shops, each allowing the Charity to maximise sales from each donation received. Retail & Trading team has been working very hard to move all shops onto one electronic point of sale system, A single system is critical for the management of sales and stock, as well as the very important HMRC gift ald claims. We also launched year of the successful Retall Academy, developlng financial management skills alongside visual merchandising training and people skill sets. The programme aims to inspire and support the development of shop managers. People & Culture Our staff and volunteer colleagues provide the skills, expertise, and passion for delivering or contributing to the setvices we provide for our patients and their carers. There has been much work conducted towards the merger in this year. Terms and Conditions (T&Cs) of RG and PHC were reviewed to recommend the T&Cs for Rennie Grove Peace employees. An external pensions specialist was commissioned to advise the Board of Trustees on the current pension provision of RG and PHC. These were undertaken with a view to meet Rennie Grove IOIPage

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Peace's key priorities of recruitment and retention, to be an employer of choice and be able to deliver our services in a high quality manner. The employee and volunteer databases were reviewed to recommend the database to be used at Rennie Grove Peace. Policies, Pro￿dUres, and processes have begun to be developed based on the best of both charities. The Governance Committee will approve the pay framework for Rennie Grove pea￿ once this is developed. This Committee also approves pay and renumeration for the EB based on market recommendations from the Reward Consultant. Learning & Development The Learning and Development Team support strdff across the Workfor￿ and key achievements included., A projett to review e-learning to improve mandatory training pro￿SSeS and praCtI￿S while providing real-time management information for compliance m'onitoring and reporting. Responsive training courses to meet emerging clinical needs including Specialist Palliative Care Update (SPCU), Palliative Care Development Programme (PCPD), Zntermediate and AdVan￿d communication skills, IPU team support and development programme and clinical skills focussed sessions. Monthly ainical Induction days and several student placements. Work to begin to update the clinical competency framework. Non-clinical training, including sessions such as, self-care and res11ien￿ and communication skills. Delivery of a Care Home Education Programme and GP training. Our annual Clinical Conference. A Management Development Programme (MDP aimed at staff with line management responsibility to develop leadership and management skills and behaviours and which will now run annually). Volunteering Volunteers continue to support Rennie Grove Peace to deliver our services to more and more people and act as ambassadors in our community, spreading the word about the vital work that we do and the many ways in which people can support us. We now have a combined volunteering force of 1600 volunteers in more than 90 unique roles supporting every area of the charity. We are developing our community volunteering programmes and expanding our Compassionate Neighbours service into West Hertfordshire. We now have 37 Compassionate neighbours supporting community members in their own home or at our compassionate cafes and hubs. Our 34 Supporting Hands volunteers support our nurses with respites and provide prartlcal and emotional support to our patients. We are expanding this service into the Watford area and we will be continuing targeted recruitment campaigns for these volunteering roles and others, to ensure that volunteering at Rennie Grove Peace is familiar in the public domain, and we are seen as a great place to volunteer. 11 | PagJe

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 We have worked closely with the Retail & Trading team, to improve our volunteer onboarding processes in the shop5 and to support the ecommerce team in expanding their WOrtfor￿ to support improved sales. Marketing The main focus for the marketing team this year has been to strategically plan the visual identity, branding and audien￿ messaging to effectively communicate the merger of our two successful organisations into a new exciting chapter joining together as Rennie Grove Peace. This included combining our Imo separate teams into one department, strengthening internal skill sets and engaging with a wider support network of experts for specific merger tasks, such as public relations and digital marketing. We reviewed and relaunched our platforms to ensure a 'best of both, delivery of the merger requirements, across all our teams and marketing channels, with minimal disruption to day-to-day campaign delivery. We developed an extensive messaging framework and campaign calendar to bring together our audiences, focusing on sharing stories across both RG and PH that highlighted our exceptional people, positive patient experiences and invaluable local support. We combined the importance of our individual legacies with our merger objectives to seNe our communities with a wider range of services, reach more local people and strengthen our ability to secure more resources. Through a range of new look creative mad<eting campaigns and materials developed with the Fundraising, VolunteeringR Retail & Trading, Patient Services and People and Culture teams, we have been delighted to see increased engagement and successfully dellvered tsrgets. We have helped secure participant and income targets, over-achieved in some cases, such as the London Bridges Walk, seen new initlatives well-received in local press and social media, such as Compassionate Cafes and our new ReLoved boutique stores, and increased digital reach and engagement across our social media channels and website, thanks to a new approach to paid social media advertising, more focus on our Google Grant account and a huge increase in local community partnerships that help us drive awareness and advocacy of our services. Our marketing channels will be fully merged in 2023-24, and we are confident that the combined audiences will continue to support us in one place, as Rennie Grove Peace. Llnks with Commissioning bodies The Clinical Leadership Team (CLT) has been developing links with the commissioning bodies across the Herts & West Essex (HWE) Integrated Care Systems. In addition, it maintains our relationships with the Buckinghamshire, Oxfordshire & Berkshire West (BOB) ICB. CLT regularly attend the Specialist Palliative Care forums in both areas to develop and maintain Rennie Grove Peace and RG'S influence in the external strategic direction of specialist palliative care services. The CLT continue to explore new opportunities to attract statutory funding to Rennie Grove Peace in order to develop services. 121Page

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 PERFORMANCE AGAINST STRATEGIC PLANS 2022-23 was a year of much activity focused on the merger of RG and PH. Both charities had Strategic Plans in place and continued to operate within those strategies. Quality Accounts for both charities have been produced and are available on our website, renniegrovepeace.org The past year has seen a tremendous amount of work from every single member of both organisations to progress our merger integration. A full merger takes a huge amount of combined resource and we have made great strides towards the successful integration of RG and PH over the past year. We planned the last 12 months meticulously, with EB and the Group Board working together to deliver a master schedule of work, and resolving any challenges faced along the way. The challenges Include structural changes such as completing the legal merger and personnel advances including combining staffing structures and integrating clinical workfOr￿S as well as reviewing employment terms and conditions followed by transferring all employee5 into one organisatlon. We have also prepared CQC registrations for the new organisation. Infrastructure changes are notoriously difficult when combining organisations of our scale and we have successfully integrated our patient records, HR, and incident reporting systems, as well as reviewing our relationship management, fundraising, and volunteering databases. OUR PLANS The plans for RG have now been incorporated into the strategy of the Group. The paragraphs below provide an overview of the Group's plans. Rennie Grove Peace continues to focus on being able to serve more people across our community and is working closely with community engagement services to consider ways of Improving access to clinical services for those who have not traditionally accessed hospice services. By clarifying alignments to GP prattl￿s and accurately outlining population sizes, Rennie Grove Peace will be able to develop effective clinical services for these communities in collaboration with other servi￿5 within the wider health and social care system. 2023-24 is the year in which Rennie Grove Peace will focus on being responsive to the needs of the population. Through conducting a Population Needs Assessment, utilising the data and resources available through our ICSS and Hospice UK'S PopNat Tool, we will be able to plan our clinical servi￿5 to meet the developing needs of the population. We know there will be a growing number of people who need our services and expect our patient numbers to grow to around 8,000 in the coming years. We will use 2023-24 to identify more clearly that needs and how we might refocus our serVI￿S appropriately. It will also be the year to continue the integration and creation of one team including the development of its culture and the employment and reward structure for colleagues. This is an important element of our ability to retain our existing workforce and to be able to attrart new colleagues to our team, As there is strong competition for clinicians RGP need to be seen as a employer of choice and be able to offer terms and conditions which are attractive. 131Page

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Our internal process and prO￿d￿reS will be supported by the amalgamation of legacy systems to create one Information Technology infrastructure using Microsoft 365 suite of tools, including email, SharePoint and OneDrive. This will provide one prO￿$S and location for the sharing of information, In the second half of 2023-24 Rennie Grove Peace will develop its Strategic Plan for 2024 - onwards. This will support the clinical ambition and plans. Collaboration In Buckinghamshire, Rennie Grove Peace will continue to develop its working relationships with Buckinghamshire Healthcare NHS Trust's Floren￿ Nightingale Hospice, and its associated charity, as well as with South Bucks Hospice. With the former, Rennie Grove Peace delivers the community hospice at home and Rapid Personalised Care SerVI￿s and with the latter our joint ambition remains to work together to support the development of services provided at Butteffly House. RISK MANAGEMENT STATEMENT AND BACKGROUND RG processes are now incorporated in the Rennie Grove Peace Management Processe5. The Board of Trustees has responsibility for overseeing risk management within Rennle Grove Peace. They have a fundamentsl role in ensuring that a culture of risk management is embedded throughout the Charity by setting the tone and defining the appetite for risk. The Board ensures that all risks are assessed against the ability to achieve its mission. The Risk and Audit Committee monitors risk management prO￿55e5, reviews key risks and mitigating actions, and supports and advises the Board on risk matters. The EB implements risk management policies. Risks are identified and controls and mitigating action5 closely monitored on a regular basis. The following table describes the key risks, identified by the Board of Trustees, to Rennie Grove Peace's ability to meet its strategic objectives. The Trustees consider that the principal risks facing the Group are: Ri5kArea Potential Impbct Mitigations Recognlslng the difficulty the￿ is across the health sector in the recruitment of clinical staff we have reviewed our clinical vacancies and are currently runnbng a rolling recruitment campaign, with new recruitment channels Identified. We review the skill mix of nurses, experien￿ based on avaiL4bility of applicants. Difficulty in the recruitment of sufficient Clinical Stsff Reduction in the ablllty to dellver ainical Services A working group has been set up to revlew safe staffing and acuity. Weekly mDnitorino tool has been devised that demonsirates red, amberi green IRAGI statu5 of stsffing180% tolerance set) to allow more proactlve responses. Whble walting for a full establishment of staff to be achieved we will priorltise our case load to ensure most urgent patients are seen and the nursing resources uired is utilised in the most effective wa 141Page

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Continuation of the wider national NHSlsocial care challenges (Increased cancer wabtslstaff shortageslLJn*ttled workfor￿) Increased demand on the charity sector to fill ga. Ongoing monitoring with the Integrdted Care Board (ICB) and other external partners to develop plans and respond to challenges. Monitor external environmen¢ work with ICB and other external partners to develop plans and respond to challenges. Regular contracts meeting wlth our external partners monitoring a whole system approach and how we can work collatoratively to manage gaps- we share with them information on capacty and quality metrics, contlnue to horizon scan and keep abreast of n3ts.onal challenges via various Sourc￿ e.g. ICB newsletter and we share these across our teams. A5 part of safe staffing, a rewew of our current caseload and GP lignments Is being undertaken to Irnprove shared care arrangements and clarity of what Se￿te$ can be offered. FINANCIAL REVIEW The Trustees are pleased to announce that RG recorded net income of £19,782 for the year to 31 March 2023 (2022: £3,864,900), Legacles in 2023 totalled £1,304,145 which was £2,075,070 lower than the previous financial period which benefited from exceptional legacy income of £3,379,215. The size and timing of legacy income is unpredictable, and the Trustees, plans assume that future legacy income reverts to a more'normal level "of around £1 million per annum. The prior year had also benefitted from substantial Government support associated with the Covid-19 pandemic. Total income for the year was £10.2million (2022.. £13.Imillion) a decrease of 22 percent on 2022. Excluding legacies, income decreased by 8 percent. The fundraising environment was difficult in the year. The uncertainties arising from the pandemic carried into the 2023 year to be added to by the impacts of inflation in the wider economy. These factors inevitably impacted our community fundraising activities and we saw pressures on individual and corporate giving. Memorable events were the Herts Iok Run and the Chiltern 3 Peaks Walk. The continued success of our fundraising Is a testament to the generosity of our loyal supporters, particularly in the cUr￿nt economic environment, as well as the skill and dedication of our fundraising team. Income from our shops at £3,210,594 was £404,062 higher than the prior year. The prior year's activity had been impacted by the pandemic. Whilst Retail is still not up to the level of activity seen before the pandemic, it was good to see substantial progress and the success of new initiatives helped to bring a recovery of income. Retail margins will contlnue 151Page

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 to be under pressure from payroll and establishment costs, but we are confident that RG can grow the overall contribution from its Retail activities. Income from Charitable Activities at £2.6 million which was 19 percent below 2022. Funding from CCG'S was 40/0 higher. Funding for Rapid Personalised Care of £1,15m was 310/0 higher than 2022 which was primarily due to the Continuan￿ of the Buckinghamshlre pilot for a full year. H05pice UK Grant monies were £nil compared to £985k in the previous period. Total expenditure at £9.9 mlllion was 6 percent higher than the prior year. Inflation poses challenges for charities, and the specific inflationary pressures in the health *ctor produce particular challenges for the Group given the significant proportion of our cost base which is accounted for by payroll costs. During 2022-23, the RG Group spent £193,708 on merger integration across all the directorates for various implementation and system projects. Financial markets experienced substantial downturns in the year, producing a negative return of £175,000 (2022: £157,000 gain) on our medium-term investments which are mainly invested in equities, bonds and associated funds. A largely unrealised loss was recorded in line with our accounting policy. However, the Trustees consider the investment portfolios continue to meet the objects and expectations of these assets. After designating funds to cater for key strategic projects and investments, our General Reserve is £10.3 million at 31 March 2023. The liquidity of the Charity remains strong. Cash balances at 31 March 2023 totalled £6.3m million. The financial policies of RG are now incorporated within the Rennie Grove Peace Group policies which ensures adequate funds are available to finance the Charity's operations. The strength of Rennie Grove Peace's consolidated balance sheet, underpinned by a satisfactory General Reserve and substantial liquidity, satisfies the Trustees that the financial position of the Charity remains sound. FUNDS RG'S Funds finance the resources available to the Trustees to use in the Charity's operations. Funds are classified as Restricted or Unrestricted. Restricted Funds Restricted Funds are subject to specific requirements defined by donors and will only be expended in accordan￿ with those requirements. The principal Restricted Funds at 31 March 2023 were.. 161PLige

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Restricted Property Fund. This is represented by the net book value of the Gillian King House and Grove House buildings. £2,424,233. Nurses Cottage Trust, To fund the care of patients in the Great Missenden and PreS￿oOd areas. £233,675. Pepper Foundation/NHS England. To provide children's care seNI￿s. Hospice UKINHS England Grants for Collaboration and Dats Analytics Programmes. £285,150. During the year to 31 March 2023, expenditure against restricted funds totalled £644.000. Unrestncted Funds Unrestricted Funds are reSoUr￿S available to the Trustees to spend at their discretion in furtherance of the Charity's objectives. In conjunction with the Group Trustees, the Trustees have deslgnated certain unrestricted funds to known and expected projerts which are experted to be caried out over the short and medium term and which are considered essential to ensure the successful delivery of the Group's strategy. During the year, the Trustee5 have carried out a thorough review of the designated unrestricted funds to ensure these are aligned with Rennie Grove Pea￿'S plans and these plans are adequately, but not eX￿Ssive1v, funded. The following designated unrestricted funds are held by RG at 31 March 2023 Capital Programmes Fund. Capital projects identified for the strategic planning period. (£500,000). Fixed Assets Fund. Funds attributable to tangible fixed assets employed in RG operations. (£181,761). Merger Implementation Fund. Representing key projects ne￿SSary to successfully implement the merger. (£106,000). Strategic Initiatives Fund. Initiatives identified by the EB, and supported by the Trustees, to support our dinical and operational plans as we progress the Charity's strategy. (£250,000). Investment Property Fund. Finances a donated property held for its capital appreciation and rental stream and not used in the day-to-day operatlons of Rennie Grove. (£1,150,000). The General ReseNe is the available funds after designating funds to known or expected projects expected to be carried out over the short or medium term. At 31 March 2023, the Ger)eral Reserve of RG totalled £10,257,432. The Consolidated General ReseNe is held to ensure the continued financial sustainability of Rennie Grove Pea￿ and its subsidiaries and to give the Group the ability to react to unexpected changes, especially reductions in fundraising and retail income and increases in expenditure requirements. The appropriate amount of the General Reserve will vary over time. The Trustees seek to balance the need to protect the Group's financial sustainability with the objective of avoiding losing opportunities to use resources in furtheran￿ of the Charity's objectives. In view of the complexities and extent of Rennie Grove pea￿,5 operations, and the uncertain operatlng environment, the Group Trustees consider that the General Reserve should be at a substantial level relative to Rennie Grove Peace's operations. In addition, the Group Trustees recognise that sufficient General ReseNe needs to be retained by RG and PH. The Group Trustees have determined a target for the Consolidated General Reserve of Rennie Grove Pea￿. This target Is a medium-term aspiration and is expressed in terms of months of 1711'agye

RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 budgeted operating expenditure represented by the General ReseNe. Thls method of determining the target allows a dirert comparison of the General ReseNe with the resources required to ensure the on-going operations. The Group Trustees recognise that there will be short term variations from the target, and the target is reviewed annually. In determining the target, the Trustees take into account: the per￿1Ved uncertainty in the economic and regulatory environment; the risk appetite and key risks of the Group; the strategic objectives of Rennie Grove Pea￿. the extent to which the General Reserve is represented by liquid assets. Taking account of the matters above, the Group Trustees have determined that the appropriate target is for the Consolidated General Reserve to represent 9 to 12 months of budgeted consolidated operational expenditure of Rennie Grove Peace and its subsidiaries GOING CONCERN The merger of PH and RG brought together two established and financially sound charities. In preparing for and implementing the merger of the two Charities, the Trustees pla￿d a high priority on building on these sound financial positions. Retaining financial sustainability for Rennie Grove Peace and its subsidiaries continues to be a key aim of the Group Trustees. The balance sheet of the Group at 31 March 2023 is considered by the Trustees to be strong. In particular: The level of unrestricted designated funds, at £5.3 million, and the General Reserve, at £17.7 million, are adequate to support the operational activities of the Rennie Grove Peace Group for the foreseeable future. The General Reserve is represented, to a significant degree, by liquid funds. The tangible fixed assets of the Group further underpin the operations of Rennie Grove Peace and near-term capital expenditure plans are financed by existing unrestricted funds. The Group has no long-term borrowing obligations. The Board and Board committees regularly review the financial position of Rennie Grove Pea￿ and its subsidiaries. The risk management framework includes monitoring of financial risks, policies for funds and the General Reserve and a process of preparing and reviewing cash flow and financial assets positions has been introduced. RG and PH have track records of financial reslllence, flexibility, and adaptability. This was demonstrated during the coronavirus pandemic and subsequently in a period of inflation. Whilst recognising the challenges to our income generation and cost base arising from the current economic environment (which could produce an operating deficit in the immediate future), the Trustees are confident that the existing financial strength of Rennie Grove Peace means that the Group's ability to meet its operational responsibilities is unchanged. The Trustees have concluded, following reviews of the financial position and future plans of the Group, that there are no material uncertainties that would cast doubts on RG'S ability to continue its activltles for at least the period to 31 March 2025. Accordingly, it is appropriate to employ the golng concern concept in these Financial Statements. 181Page

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Investments and Investment Policy To provide confidence in the financial sustainability of the Group, and to provide protection against future unexpected income or expenditure events, the Group holds financial assets in excess of the immediate operational needs of the Charity. At 31 March 2023 the financial assets are in the legal ownership of RG and PH. As these financial assets are expected to be held for the medium term, they are held in return- seeking investment portfolios with the aspiration that the assets produce retums in excess of the return available on cash and provide protection against inffation. The assets are predominantly held as marketable securities and carry an element of investment risk. RG and PH utilise regulated investment advisors to advise on the method, type, and amount of holdings. Rennie Grove Peace has developed Financial Assets Polices which, amongst other matters, describe the objectives and constraints of the investment portfolios, the expected risklreturn characteristics of the investment portfolios, the requirements of investment advisors, and governance arrangements. The overall risklreturn profile is considered to be moderate with an investment horizon in excess of five years. Trustees meet with investment advisors at least twice-yearly to discuss the asset allocation and performance and to assess whether the investment portfolios continue to meet the Trustees, objectives. Statement on Fundraising Rennie Grove Pea￿, RG and PH are all reglstered with the Fundraising Regulator and committed to the Fundraising Promise and adherence to the Code of Fundraising Practi￿. In 2022123 RG received one fundraising complaints. This was followed up and recorded in accordance with the complaints procedure and was resolved with the complainant, Rennie Grove Peace, RG and PH are also signed up to the Fundraising Preference Service, enabling supporters to opt out from receiving fundraising communications. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees, who are also directors of Rennie Grove Hospi￿ Care for the purposes of company law, are responsible for preparing the Trustees, Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the incoming resOur￿S and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the finanaal statements, the Board of Trustees is required to:_ Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent

RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2023 State whether UK Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Board of Trustees is responsible for keeping proper accounting record5, which disclose, with reasonable accuracy at any time, the financial position of the charitable company and enable it to ensure that the financial statements comply with the Companles Act 2006. It is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as each Trustee Is aware: There is no relevant audit information of which the charitable company's auditor Is unaware; and The Trustees have each taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. AUDITORS Haysmacintyre LLP have been appointed by the Trustees as auditors and have signified their willingness to continue in office. A resolution proposing their reappointment will be put to the Annual General Meeting. Thi by report was approved by the Trustees on 14 September 2023 and signed on behalf of the Board my Shindler 201Page

RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF RENNIE GROVE HOSPICE CARE Oplnion We have audited the financial statements of Rennie Grove Hospice Care for the year ended 31 March 2023 which cornprise Consolidated Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standardapplicable in the UKand Republic ofIre/and(United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 March 2023 and of the group's and parent charitable company's net movement in funds, including the income and expenditure, for the year then ended; have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordan￿ with the requirements of the Companies Act 2006. Basis for opinion We condutted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described In the Auditorfs responsibilities for the audit of the financial staternents section of our report. We are independent of the group in accordan￿ with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatsng to going con￿rn In auditing the financial statements, we have concluded that the trustees, use of the going cOn￿M basis of accounting in the preparation of the finanaal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions tha¢ individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least ￿e1ve months from when the financial Statements are authorised for issue. Our responsibilities and the responsibllities of the trustees with respett to going concern are described in the relevant sections of this report. Otherinformation The trustees are responsible for the other infomiation. The other information comprises the information included in the Trustees, Annual Report and the Chairman's Report. Our opinion on the financial statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially

RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Opinions on othermattersprescribed by the Companies Act 2006 In our opinion, based on the work undertaken ir) the course of the audit: the information given in the Trustees, Annual Report (which includes the strateglc report and the directors, report prepared for the purposes of company law) for the financial year for which the finanaal ststements are prepared is consistent with the financial statements,. and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to reportby eX￿ptIon In the light of the knowledge and understanding of the group and the parent charitable company and its envlronment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report (which incorporates the strategic report and the direciors, report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the parent charitable company; or the parent charitable company financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees for the finan￿al statements As explained more fully in the company for the purposes of company law) are responsible for the preparation of the trustees, responsibilities statement set out on page 28, the trustees (who are also the directors of the charitable financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In p￿parIng the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosingi as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to ￿ase operations, or have no realistic alternative but to do so. Auditors responsibilities for the audit of the ffnancialstatements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect a material misstatement when it exists, Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 221Page

RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the Charities Act 2011, Companies Act 2006, the Fundraising Regulator and Care Quality Commlssion (CQC), and we considered the extent to which non-compliance might have a material effert on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, Charities Act 2011, FRSIO2, Charities Statement of Recommended Practlce (SORP} and payroll tax. We evaluated management's incentives and opportunities for fraudulent manipulation of the financlal ststements (including the risk of override of controls), and determined that the principal risks were related to posting of inappropriate journal entries and management bias In certain accounting estimates Audit procedures performed by the engagement team included: Inspecting correspondence with regulators and tax authorities; Discusslons with management including consideration of known or suspected instances of non-complian￿ with laws and regulation and fraud; Evaluating management's controls designed to prevent and detect irregularities,. Identifying and testing journals, in particular journal entries Posted with unusual account combinations, p05tings by unusual users or with unusual descriptions; and Challenging assumptions and judgements made by management in thelr critical accounting estimates Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of InStan￿S of non-compliance. The risk is also greater regarding Irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation, A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or auditorsres onsibilitie forms part of our auditor's report. Thi5 description Use of ourreport This report is made solely to the charitable company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Kathryn Burton (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditor 10 Queen Street Place London EC4R IAG Date: 16th October2023

RENNIE GROVE HOSPICE CARE CONSOLIDATED STATEMENT OF FINANCIAL AcfivITIES (IncorpoTatlng the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted Funds Funds Total 2023 Total 2022 Notes INCOME: Donations and legacies Charitable activities NHS fundlng Rapid Personalised Care other income from charltable activities other trading activities Events & community Retail income Interest Re￿iVed other Hospi￿ Lottery Partnership other Income 3,044,148 178,400 3,222,548 5,801,442 1,051,334 1,151,801 1,051,334 1,151,801 425,826 1,013,329 879,973 1,371,445 425,826 536,681 3,210,594 63,702 4,000 540,681 3,210,594 73,010 565,109 2,806,532 10,267 9,308 400,000 158,858 400,000 158,858 402,000 213,665 Total income 9,617,118 617,534 10,234,652 13,063,760 EXPENDITURE: Raislng funds Donations and legacies Fundraising activitie5 Charitable activities Patient care Rapid Personalised Care I,Q46,844 3,239,194 1,046,844 3,239,194 993,947 2,843,016 4,035,968 973,893 644,599 4,680,567 973,893 4,709,830 809,156 Total expenditure 9,295,899 644,599 9,940,498 9,355,949 Loss on Investment Propety Net gains/(10sses) on investments 12 (ioo,000) (135,150) (ioo,000) (39,223) {174,373) 157,089 Net incornel(expenditure) 86,070 (66,2881 19,782 3,864,900 Transfer5 between funds (285,150) 285,150 other recognised gain$/(losses) Net movement In funds Funds at beginnlng of year {199,080) 12,702,994 218,862 2,793,694 19,782 3,864,900 15,496,688 11,631,788 Funds at end of year 12,503,914 3,012,556 15,516,470 15,496,688 The note5 on pages 27 - 46 fomi part of these financial statements The consolidated statement of flnancial activities includes all gain5 and losses recognised In the year. All amounts derive from contlnuing activlties. Full comparative figures for the year ended 31 March 2022 are shown in note 25.

RENNIE GROVE HOSPICE CARE CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31 MARCH 2023 Group Charity 2023 2022 2023 2022 Notes FIXED ASSETS Tangible fixed assets Investment property Investments li 12 13 2,605,996 1,150,000 3,758,784 2,547,892 2,078,466 1,150,000 3,758,783 2,013,771 3,942,169 3,942,171 7,514,780 6,490,061 6,987,249 5,955,942 CURRENT ASSETS stock Debtors Cash at bank and in hand 14 15 85,373 2,704,858 6,331,513 77,842 4,941,858 5,097,571 2,807,933 6,249,786 5,025,942 5,026,462 9,121,744 10,117,271 9,057,719 10,052,404 CREDITORS: amounts falling due within one year 16 (1,120,054) {1,110,644) (1,119,525) (1,108,385) NET CURRENT ASSETS 8,001,690 9,006,627 7,938,194 8,944,019 NET ASSETS 15,516,470 15,496,688 14,925,443 14,899,961 FUNDS UNREsfRICTED FUNDS General ReseNe other General Fund Designated Funds 10,257,432 11,755,418 10,252,657 11,750,645 58,722 57,835 2,187,761 889,743 2,187,761 889,743 TOTAL UNRESTRIcfED FUNDS 18 12,503,915 12,702,994 12,440,418 12,640,388 RESTRIcfED FUNDS 18 3,012,555 2,793,694 2,485,025 2,259,573 TOTAL FUNDS 18 15,516,470 15,496,688 14,925,443 14,899,961 The notes on pages 27 to 46 form part of these financial statements. The financial statements were approved and authorised for issue by the Board of Trustees on 14 September 2023 a were signed on its behalf by.. Drj Cha Shindle Jo n Wroe ustee 251Page

RENNIE GROVE HOSPICE CARE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 Notes 2023 2022 Cash generated by operatlng activities 24 2,450,869 1,922,530 Cash flows from investing activities Interest re￿IVed Dividends re￿iVed Proceeds from sale of PPE Purchase of tangible fixed assets Purchase of investments Pr(teeds from sale of Investments 63,693 9,317 500 (1,298,950) 920 9,347 {997,0951 8,214 8,513 Cash (used in) I provlded by investing activities {1,216,927) (976,615) Cash flows from financing activities IRepayment)IProceeds from loan (750,000) Increase In cash and ¢ash equivalents in the year 1,233,942 193,915 Cash and cash equivalents at the beginniThJ of the year 5,097,571 4,903,656 TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 6,331,513 5,097,571 Cash balantrs include £2m on a 12-month fixed term deposit account which matures on the 18 January 2024. The note5 on pages 27 to 46 fom part of these financial statements, 261PagJe

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 I. ACCOUNTING POLICIES In these Financial Statements, the "Charity" refers to Rennie Grove Hosplce Care, "the Group" to the Charity and its subsidiaries. Statement of Compliance The financial statements have prepared In accordance with Accountlng and Repo￿ng by Charities.. Statement of Recommended Practice applicabie to charities p￿parIng their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2015) (Charities SORP (FRS 102)), the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Rennie Grove Hospi￿ Care meets the deflnition of a public benefit entity under FRS 102. Assets and liabilitie5 are initlally recognised at historical cost or transaction value unless othernise stated in the relevant accounting pollcy note(s). General information The charity 15 a private company limited by guarantee without share capital, incorporated in England and Wales (company number: 7479930) and a charity registered in England and Wales (charity number: 1140386). The charity's registered address is Grove House, Waverley Road, St Albans, Hertfordshire AL3 5QX. Preparatlon of account$ on a going concem basis The trustees consider there are no material Un￿rtaIntieS about the Charity's ability to continue as a golng concern. The review of our financial position, funds levels and future plans gives Trustees confidence the Charity remains a going con￿rn for the foreseeable future. Basis of Consolidation The consolidated financial statements incorporate those of Rennle Grove Hospi￿ Care and its subsldlary undertakings St Albans and Dacorum Day Hospi￿, The lain Rennle Hospice at Home and Iain Rennie Hospice Servi￿5 Limited for the year ended 31 March 2023. Details of the individual subsidiary result5 are gNen in note 20. As permitted by sertlon 408 of the Companies Art 2006, the SOFA of the parent company is not presented as part of these financial statements. The surplus of the parent company was £25,486 (2022: £3,871,295). Rennie Grove Hospice Care is a subsidiary of Rennie Grove Peace and its ffinancial results are Included in the consolidated results of the Rennie Grove Peace Group. Income recognition All income is recognlsed once the charity has entltlement to Sncome, it is probable that income will be re￿ived, the amount of income re￿1vable can be measured rellably. Donations and legacies Donations and gifts are included In full in the Statement of Financial Activities when there is entluement, probability of receipt and the amount of income receivable can be measured reliably. Donations are accounted for on a received basls. Legacies are recognised on a r￿1vable basi5, when the conditions of entitlement, probability and measurement are met. Where the probability andlor measurement criteria for legacies and donations are not satisfied as at the balance sheet date but subsequent events resolve the uncertainty such that the criterla are met, an adjustment Is made to recoJni5e the income. Gifts in kind Gifts in kind represent assets donated for distribution or use by the charity. Assets given for distrSbutlon are recognised as Income only when distributed. Assets given for use by the charity are recognised when 271 Pcigje

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (continued) receivable. Gifts in kind are valued at the amount actually realised fr(xn the disposal of the assets or at the price the charity would otherwise have paid for the assets. Grants Grants including Government Grants are recognlsed in full in the statement of financlal activities In the year in which the charity has entitlement to the Income, the amount of income receivable can be measured reliably and the￿ is probability of receipt, Income from charitable activitie5 Income from charitable actlvities is recognised as earned as the related Servi￿5 are provided. Income from other trading activitie5 is recognised as earned as the related goods are provided. Goods donated for sale are included in the financial statements as income when they are sold. Investment income Inve5trnent income is recognised on a receivable basi5 On￿ the amounts can be measured reliably. Expendlture Expenditure is recognlsed once there is a legal or constructive obligatlon to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the followlng activity headings.. Costs of ra￿Ing funds comprises of the costs associated with attrartlng voluntary income and the costs of events and the administration of the Charity shops, a5 well as the management costs for the investment portfolio. Expenditure on charitable activitles comprises those costs incurred by the Charfty in the dellvery of its activlties and servi￿5 to its beneficiaries, Support costs comprise those costs which are ￿e￿Ssary to the delivery of Hospice servlces while not being part of the direct costs to patients and their families and include Governan￿ costs, finance, and office costs. Expenditure is allocated to the activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on staff time attrlbutable to each activity. Irrecoverable VAT is charged as a cost against the activity for which the expendlture was Incurred. Allocation of costs Staff costs are allocated between dirert charitsble expenditure and support costs based on the time spent on these acbvitles. Other costs are allocated based on headcount. Operating leases Rental charges are charged on a straight line basls over the Ilfe of the lease. Goodwill Go(￿wIll is calculated as the difference between the acquisition cost of an entity and the aggregate fair value of that entity's assets and liabilitles. Goodwill is amortised on a straight line basis over its useful life. Investments Investments are a form of basic financlal instrument and are Initially shown in the flnancial statements at market value. Movements in the market values of investments are shown as unreali5ed gains and losses in the Statement of Financial Activities. 281Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (continued) Profits arKi losses on the reali5ation of investments are shown as realtsed gains and losses in the statement of Financial Attivities. Realised galns and losses on investrnents are calculated as the differen betrmeen sales proceeds and their opening carrying values or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the differen￿ LElween the fair value at year end and their carrying value. Reali5ed and unrealised investment gains and losses are combined in the Statement of Flnancial Activities. Tangible Fixed assets Fixed assets are stated at cost or deemed cost (donated valuation at estimated fair value) less accumulated depreciation and impairment10sses. Assets costing more than £5,000 are capitalised, Depreciation is calculated to wrlte off the costs of the fi'xed asset by equal instalments as follows, all straight line,, Freehold land Freehold buildings Leasehold property Leasehold impn)vements Motor vehicles Fixtures and fittings Tools and equipment Car park 0% over 50 years from the date of first use over the term of the lease over the term of the lease 25% _ 33 % straight Ilne 20% strawJht line 25Wo - 330/0 Straight line over 10 years from the date of first use Investment property Investment properties are freehold buildings which are not experted to be used in the operations of the Charity or its subsidiaries. Typicallyi they are held for value appreciation or to provide a rentsl income. Investment properties are shown at market value at the balan￿ sh&t date. Financial instruments The charity only has financkil assets and flnanaal liabllities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transartion value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method. Creditors and provisions Creditors and provision5 are recognised where the charity has a present obllgation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to setme the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade dlscounts due. Stock Stocks are valued at the lower of cost and net realisable value. Net realisable value is based upon estimated selling pri￿ less further costs expected to be incurred to completlon and dlsposal. Provision is made for obsolete and 51ow-moving items. The Trustee5 have concluded and agreed that the valuing of shop5 donated goods for resale on receipt is Impractical due to the hlgh volume of low value items, lack of stock 5YStem for recording these items and the adminlstrative cost involved. Instead, the income is recognised In the accounts when these goods are sold. 291Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (continued) Debtors Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered, Prepayments are valued at the amount prepaid net of any trade discounts dLE. Funds The General ReseNe comprises the accumulated surpluses of unrestrlrted incoming resour￿5 over reSoUr￿S expended, which are available for use in fijrtherance of the general objective of the Charity at the discretion of the Trustees. To the extent that the General Reserve is expended on capital items, a transfer is made to the designated fixed asset fund, Designated funds are unrestricted funds eamiarked by the Trustees for spendlng on new hospi￿ projects. Restricted funds are funds subject to specific conditions imposed by donors. The purposes and uses of the restricted funds are set out in the notes to the accounts, Amounts unspent at the year-end are carrted foNard in the balance sheet. To the extent that restricted [￿￿15 are expended on capital items a transfer is made Ltheen unrestricted and restricted funds. Employee benefits Short term benefits Short term benefit5 inclvdlng holiday pay a￿ recognised as an expense in the peri(xJ in which the Servi￿ is re￿ived, Employee termination benefits Termlnation benefits are accounted for on an accrual basis and in line with FRS 102. Pension scheme The Charity operates a defined contribution pension scheme. The Charity company also contributes to the NHS pension scheme and to a money purchase scheme with guaranteed benefits. Charge5 a made to the Statement of Financial Activities as contributions fall due. More details are given in note 17 of the Finandal Statements. Estimates and Judgements Estimates and judgements are continualSy evaluated and are based on historical experience and other fartors, inc5uding expectatlons of future events that are believed to be reasonable under the clrcumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately dlffer from those estimates. The Trustees consider the evaluation of U￿ful economic lives of fixed assets to be the most significant area of Judgement and potential effect on the financial statements. 30IPage

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF INCOME (2023) Unrestricted funds Restrlcted funds Total 2023 Legacies Donations 1,304, 145 1,740,003 1,304, 145 1,918,403 178,40D Total donatlons and legacies 3,044,148 178,400 3,222,548 Events Trading 536,681 3,210,594 4,000 540,681 3,210,594 Total tradlng and fundraising 3,747,275 4,000 3,751,275 Investment income recelvable Interest receivable Restricted interest 63,693 63,693 9,308 9,308 Total interest receivable 63,702 9,308 73,010 Income from donatlons, legacies tradlngi fundraislng & Interest 6,855,125 191,708 7,046,833 ANALYSIS OF INCOME (2022) Unrestricted funds Restricted funds Total 2022 Legacies Donations 3,369,215 2,305,274 10,000 116,953 3,379,215 2,422,227 Total donatlons and legacles 5,674,489 126,953 5,801,442 Events Trading 553,813 2,806,532 11,296 565,109 2,806,532 Total tradlng and fundralsing 3,360,345 11,296 3,371,641 Investsnent income receivable Interest re￿1vable Restricted interest 39 920 39 920 9,308 9,308 Total Interest receivable 959 9,308 10,267 Income from donations, legacies, trading, fundraising & interest 9,035,792 147,557 9,183,350 31 | P<igse

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INCOME FROM CHARITABLE ACTIVITIES (2023) Unrestricted Restricted funds funds 2023 Total NHS funding from CCGS Rapid Personallsed Care Pepper Foundation/ NHS England COVID grant funding through Hospice UK other grant funding through Hospice UK 1,051,334 1,151,801 1,051,334 1,151,801 425,826 425,826 2,203,135 425,826 2,628,961 INCOME FROM CHARITABLE ACTIVtTIES (2022) Unrestricted funds Re$tricted funds 2022 Total NHS funding from CCGS Rapld Personalised Care Pepper Foundation/ NHS England COVIO grant funding through Hospi￿ UK Other grant funding through Hospice UK 1,013,329 879,973 1,013,329 879,973 385,929 816,916 168,600 385,929 816,916 168,600 1,893,302 1,371,445 3,264,747 OTHER INCOME (2023) Unrestricted funds Restricted funds 2023 Total Hospice Lottery Partnership Busine55 ContinLJity Insuran￿ Claim Council Grant Covid 19 Furlough Covld 19 other Incorne 400,000 4(X),000 158,858 158,858 558,856 558,858 OTHER INCOME (2022) Unrestricted funds Restricted funds 2022 Total Hospi￿ Lottery Partnership Business Continuity Insurance Claim Council Grant Covid 19 Furlough Covid 19 other Income 402,000 70,670 116,550 7,957 13,148 402,000 70,670 116,550 7,957 18,488 5,340 610,325 5,340 615,665 321Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 EXPENDITURE (2023) Direct staff Dirert other costs costs Allocated support costs 2023 Total Costs of raising donations and legacie5 Costs of tradlng and fundraising Charitable activities Patient care 651.672 1,281,807 237,140 1.574,784 158,032 382,603 1,046.844 3,239,194 4,331,993 632,118 690,350 5,654,461 6,265,472 2,444,042 1,230,985 9.940,499 Induded In the allocated support costs above are staff costs of £842,498 (2022,. £746,335). Included in the 2023 Direct Staff costs patient care costs are agency staff costs related to the Rapid Personalised Care initiative £257,448 (2022: £193,893). EXPENDITURE (2022) Direct staff Dirert other costs Allocated support costs 2022 Total Costs of raising donations and legacies Costs of trading and fundraising Charitable artlvltles Patient care 657,307 1,150,833 4,305,462 191,505 1,372,885 574,928 145,135 319,298 638,596 993,947 2,843,016 5,518,986 6,113,602 2,139,318 1,103,029 9,355,949 ANALYSIS OF SUPPORT COSTS {2023) 2023 Total Management Finance Resource$ Governan Costs of raising donations and legacEs Costs of trading and fundraising Charitable acknvities Patient care 23,367 32,818 91,872 9,975 158,032 56,573 79,455 222,425 24,150 382,603 102,078 143,363 401,335 43,575 690,350 182,018 255,636 715,631 77,700 1,230,985 ANALYSIS OF SUPPORT COSTS {2022) 2022 Total Management Finance Resources Governance Costs of raising donations and legaaes Costs of trading and Fundraising Charitable activities Patient care 22,508 30,979 79,619 14,882 147,988 48,420 66,642 171,280 32,014 318,356 96,839 133,285 342,559 64,028 636,711 167,767 230,906 593,458 110,924 1,103,055

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 GOVERNANCE COSTS INCLUDE 2023 2022 Insuran Legal f￿5 Professional fee5 Other expenses Auditorfs remuneratlon: Audit work Other Se￿1￿5 6,664 9,300 1,600 73,001 4,523 43,223 2,358 22,300 3,155 20,375 2,125 77,700 110,924 NET INCOME 2023 2922 Net income Is stated after., ALKlitor5' remuneration Audit services other servi￿5 Operating lease rentals Land and buildings Depreciation Amortisation 22,300 3,155 20,375 2,125 672,656 90,847 672,050 94,272 loo,000 STAFF COSTS 2023 Number 2022 Number The average monthly number of employees of the Charity and the Group during the year was.. Direct charltable work Fundraising - donations and legacies Fundraising - trading (shop staffj Fundraising events Management and administratlon 83 19 46 88 20 44 18 16 166 169 Employment costs In respect of the staff above were: 2023 2022 Wages and salaries National insurance Pensions Other employee related costs 5,611,540 534,134 361,135 325,713 5,565,241 488,721 323,659 288,332 6,832,522 6,665,953 341Prige

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANcfAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STAFF cosrs (continued) Redundancy Costs.. £4,615 was pald in redundancy during the year as I staff member was made redundant due to the closure of one of our retail shops. (2022.. £12,600). The number of employees whose emoluments, excluding employerfs pension contributions and employers national insurance contributions, were over £60,000 during the year was- 2023 Number 2022 Number £60,001- £70,000 £70,001 to £80,000 £80,001 to £90,000 £90,001 to £lOO,000 £ioo,000 to £llO,(X)O £120,001 to £130,000 During the year pension contributlons for the flve employees noted above amounted to £28,621. (2022.. £25,196). The total employee beneflts of the key management personnel of the Group and Charity were £572,955 {2022.' £584,839). TRUSTEE REMUNERATION The Trustees did not receive any remuneration durlng the year {2022: nil). The Trustees were not reimbursed any travel costs during the year (2022: £nll). 10. TAXATION The Charity is exempt from corporatlon tax as all Its income is charitable and 15 applied for charitable purposes. 351Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. TANGIBLE FIXED ASSETS Leasehold improve- ments Fixtures and fittings Land and buildings Tools and equipment Motor vehicles Total Group: Cost At l Aprll 2022 Additions Disposals Transfer 2,966,460 301,129 231,677 362,569 105,600 52,437 3,914,272 43,350 148,950 (10,834) (389,222) (378,3881 At 31 March 2023 2,588,072 301,129 231,677 468,169 84,953 3,674,000 Depreciation At l April 2022 Charge for.the year Disposa15 508,313 33,915 (378,388) 254,913 7,811 212,034 19,642 344,714 17,153 46,406 1,366,380 12,326 90,847 {10,834) 1389,222) At 31 March 2023 163,842 262,724 231,676 361,867 47,898 1,068,005 Net book value At 31 March 2023 2,424,232 38,405 106,302 37,055 2,605,995 At 31 Mard) 2022 2,458,147 46,216 19,643 17,855 6,031 2,547,892 Charity: Cost At l Aprll 2022 Additions Disposals Transfer 2,297,860 301,129 231,677 362,569 105,600 52,437 3,245,672 43,350 148,950 (10,834) 1389,222) (378,388) At 31 March 2023 1,919,472 301,129 231,677 468,169 84,953 3,005,4(M) Depreciation At l April 2022 Charge for the year Retire Assets 373,833 27,324 (378,388) 254,913 7,811 212,034 19,642 344,714 17,153 46,<106 1,231,900 12,326 84,256 (10,834) (389,222) At 31 March 2023 22,771 262,724 231,676 361,867 47,898 926,934 Net book value At 31 March 2023 1,896,703 38,405 106,302 37,055 2,078.466 At 31 March 2022 1,924,028 46,216 19,643 17,855 6,031 2,013,771 361 P<igse

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. INVESTMENT PROPERTY (GROUP AND CHARITY) Group 2023 Group 2022 Marf(et valuation At l April 2022 Additions Disposals Gains/(losses) on revaluation 1,250,000 (ioo,ooo> At 31 March 2023 1,150,000 Following a legacy notification received in May 2021, a propelty was transferred into Rennie Grove Hosplce Care ownership in July 2022. The estimated market value at the date ownership transferred to the Charity was £1,250,OCx). 13. INVESTMENTS Group 2023 Group 2022 Charity 2023 Charity 2022 Listed Investments Unlisted investments 3,499,975 258,807 3,683,362 258,807 3,499,975 258,809 3,683,362 258,809 3,758,782 3,942,169 3,758,784 3,942,171 Listed investments (Group only): Group 2023 Group 2022 Market valuation At l April 2022 Addition5 Disposals Gainslllosses) on Investments 3,683,362 2,537,391 997,095 (6,960) 155,836 (7910) (175,477) At 31 March 2023 3,499,975 3,683,362 Historical cost of Ilsted investments 3,369,718 3,280,207 Listed Investments: Nurse5 Cottage Trust has closed their charity and donated the proceeds to Rennie Grove in the form of 219,015 £1 shares In UK Government bonds and a small amount of cash. The remaining Investments are held in the Barclays Charity Investment Fund. 371Pagye

RENNIE GROVE HOSPXCE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Unlisted investment$: At 31 March 2018 The Ialn Rennie Hospi￿ at Home and St Albans and Dacorum Day Hospice each owned 14 Shares of £1 nominal value each in The Hospice Lottery Partnership Limlted, a company reglstered in England and Wales carrying out fundralslng aciivity for 6 hospi￿. The investments were included in the financial statements at cost to the Group. On 16 Ortober 2018, HLP and all shareholders signed a new Shareholder agreement. The Iain Rennie Hospice at Home and St Albans and Dacorum Day Hospice shares were transferred to Rennie Grove Hospice Care on this date at cost. Each partlcipating hospice has a representative on The Hospi￿ Lottery Partnership board. During the year to 31 March 2023, the Hospice Lottery Partnership Limited made donatlons to Group companies totalling £400,000 (2022.. £402,000). As of 31 March 2023, £nil was due to the group from The Hospice Lottery Partnership {2022'. £nil). 14. STOCK Group 2023 Group 2022 Charity 2023 Charity 2022 Bought in gcK)ds for resale 85,373 77,842 15. DEBTORS Group 2023 Group 2022 Charity 2023 Charity 2022 Trade debtors Income tax recoverable Prepayments and accrued legacy income Other debtors Intercompany debtors 36,759 2,668,099 29,460 4,912,106 292 36,759 2,668,360 29,460 4,912,106 290 84,086 103,097 2,704,858 4,941,858 2,807,933 5,025,942 16. CREDITORS: amounts falling due wlthin one year Group 2023 Group 2022 Charity 2023 Charlty 2022 Trade creditors Taxation and Social securlty Pensions Accruals and deferred income other creditors 338,751 7,385 56,868 717,050 188,182 26,690 55,767 840,005 345,439 1,819 56,868 715,400 188,373 25,890 55,767 838,355 1,120,054 1,110,644 1,119,526 1,108,384 381Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ac(ruals and deferred income include deferreAi income as folkJws.' Group & Charity 2023 Group & Charity 2022 At l April 2022 Amounts deferred in the year Amounts released In the year 475,282 434,285 491,675 475,282 {475,282) (434,285) At 31 March 2023 491,675 475,282 17. PENSION COMMITMENTS The Charity contributed to three penslon schemes during the year on behalf of its employee5. The NHS Pension Scheme The Pensions Trust Growth Plan The Standard Life defined contribution scheme Contributions to each scheme are charged to the Statement of Financial Artivitres as the employer's contributions fall due. The NHS Pension Scheme is an unfunded, defined benefit scheme that covers NHS employerS1 general praCtI￿S and other bodies allowed under the direction of the Secretary of State in England and Wales. As a consequence, it Is not possible for the Charity to identify its share of the assets and liabllities of the underlying scheme. NHS Resource Accounts are published on the NHS Penslons website annually and Include the retK)rt from the scheme artuary. 115,066 in contributions were outstanding at 31 March 2023 {2022'. £15,433). The Pensions Trust Growth Plan is a money purchase scheme with guaranteed benefits which is closed to new members. This is a multi-employer scheme and, as it is not possible to identify the Charity's share of underlying a55ets and liabilities, the scheme is accounted for as a defined contribution scheme and contributions are accounted for as they fall due. A ten year deficit reduction plan has been agreed, into which the Charity pays a sum of £44 per annum. The most re￿nt estlmate as at 30 September 2022 shows that a liablllty of £20,853 would arise if the Charity withdrew from the scheme. The￿ is no plan to leave the scheme therefore this liability has not been provided for in the financial statements. £1,578 in pension contributions were outstanding at 31 March 2023 (2022.. £1,406). The Standard Life scheme covers both the defined contribution arrangement and auto enrolment. The Standard Life defined contrlbution scheme had £Nil In pension contributions outstsnding at 31 March 2023 (2022.. £nil}. The Standard Life auto-enrolment scheme had £40,224 in ￿nSIon contributlons outstanding at 31 March 2023 (2022.. £38,927). 391Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18.	FUNDS 2023	At 1 April	Income	Expenditure	G/L and	At 31
		2022			Transfers	March 2023
		£	£	£	£	£
	Group:
	Unrestricted funds
	General Reserve	11,755,418	9,406,846	(9,029,582)	(1,875,250)	10,257,432
	Acc. profit of subsidiaries	57,835	210,271	(209,384)	-	58,722
	Designated Funds
	Investment Property Fund	-	-	-	1,150,000	1,150,000
	Designated fixed asset Fund	89,743	-	(56,932)	148,950	181,761
	Building Refurbishment	300,000	-	-	(300,000)	-
	Digital Transformation	500,000	-	-	(500,000)	-
	Capital Programme Fund	-	-	-	500,000	500,000
	Merger Implementation Fund	-	-	-	106,000	106,000
	Strategic Initiatives Fund	-	-	-	250,000	250,000
		---------------	------------------	--------------------	------------------	-------------------
		12,702,997	9,617,117	(9,295,899)	(520,300)	12,503,915
	Restricted funds
	Property Fund	2,458,148	-	(33,915)	-	2,424,233
	Pepper Foundation/NHS	-	425,826	(425,826)	-	-
	Nurses Cottage Trust	272,898	9,308	(9,308)	(39,223)	233,675
	Hospice UK/NHS Eng grants				285,150	285,150
	Other restricted funds	62,646	182,400	(175,551)	-	69,495
		--------------------	-----------------	--------------------	-----------------	--------------------
		2,793,692	617,534	(644,599)	245,927	3,012,554
		--------------------	-------------------	--------------------	-----------------	--------------------
	Total funds	15,496,690	10,234,652	(9,940,498)	(274,373)	15,516,470
		=======	=======	========	=======	========
	Charity:
	Unrestricted funds
	General Reserve	11,750,645	9,510,958	(9,133,693)	(1,875,250)	10,252,657
	Designated Funds
	Investment Property Fund	-	-		1,150,000	1,150,000
	Designated fixed asset Fund	89,743	-	(56,932)	148,950	181,761
	Building Refurbishment	300,000	-	-	(300,000)	-
	Digital Transformation	500,000	-		(500,000)	-
	Capital Programme Fund	-	-	-	500,000	500,000
	Merger Implementation Fund	-	-	-	106,000	106,000
	Strategic Initiatives Fund	-	-	-	250,000	250,000
		-------------------	------------------	---------------------	------------------	-------------------
		12,640,388	9,510,958	(9,190,624)	(520,300)	12,440,418
	Restricted funds
	Pepper Foundation/NHS	-	425,826	(425,826)	-	-
	Property Fund	1,924,028	-	(27,324)	-	1,896,704
	Nurses Cottage Fund	272,898	9,308	(9,308)	(39,223)	233,675
	Other restricted funds	62,646	182,400	(175,550)	285,150	354,646
		------------------	-----------------	--------------------	-----------------	------------------
		2,259,573	617,534	(638,008)	245,927	2,485,025
		------------------	--------------------	--------------------	-----------------	------------------
	Total funds	14,899,961	10,128,492	(9,828,633)	(274,373)	14,925,443
		========	========	========	=======	========

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RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FUNDS 2022 – PRIOR YEAR COMPARATIVES

18.	FUNDS 2022				Gains,
					Losses
		At 1 April			and	At 31
		2021	Income	Expenditure	Transfers	March 2022
		£	£	£	£	£
	Group:
	Unrestricted funds
	General Reserve	8,481,531	11,340,134	(7,445,238)	(621,011)	11,755,416
	Acc. profit of subsidiaries	57,640	199,285	(199,090)	-	57,835
	Designated Funds
	Designated fixed asset fund	150,101	-	(60,358)		89,743
	Building Refurbishment	-	-	-	300,000	300,000
	Digital Transformation	-	-	-	500,000	500,000
		8,689,272	11,539,419	(7,704,686)	178,989	12,702,994
	Restricted funds
	Property Fund	2,492,062	-	(33,915)	-	2,458,147
	Pepper Foundation/NHS	-	385,929	(385,929)	-	-
	COVID grant funding through	-	985,516	(985,516)	-	-
	Hospice UK
	Nurses Cottage Trust	294,798	9,308	(9,308)	(21,900)	272,898
	Other restricted funds	155,655	143,589	(236,595)	-	62,649
		--------------------	-----------------	--------------------	-----------------	--------------------
		2,942,515	1,524,342	(1,651,263)	(21,900)	2,793,694
		--------------------	-------------------	--------------------	-----------------	--------------------
	Total funds	11,631,786	13,063,760	(9,355,949)	157,089	15,496,688
		========	========	========	=======	========
	Charity:
	Unrestricted funds
	General Reserve	8,476,762	11,427,835	(7,532,941)	(621,011)	11,750,645
	Designated Funds
	Designated fixed asset fund	150,101	-	(60,358)	-	89,743
	Building Refurbishment	-	-	-	300,000	300,000
	Digital Transformation	-	-	-	500,000	500,000
		--------------	-------------	----------------	-------------	---------------
		8,626,862	11,427,835	(7,593,299)	178,989	12,640,388
	Restricted funds
	Pepper Foundation	-	385,929	(385,929)	-	-
	COVID grant funding through	-	985,516	(985,516)	-	-
	Hospice UK
	Property fund	1,951,351	-	(27,324)	-	1,924,028
	Nurses Cottage Fund	294,799	9,308	(9,308)	(21,900)	272,898
	Other restricted funds	155,653	143,589	(236,596)	-	62,646
		------------------	-----------------	--------------------	-----------------	------------------
		2,401,804	1,524,342	(1,644,672)	(21,900)	2,259,573
		------------------	--------------------	--------------------	-----------------	------------------
	Total funds	11,028,666	12,952,177	(9,237,971)	157,089	14,899,961
		=======	=======	========	=======	========

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RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. FUNDS (continued)

RESTRICTED FUNDS

Property Fund

The property fund represents the net book value of Gillian King House, a freehold property purchased through a gift from a trust in November 2002 to accommodate the nursing and support teams operating in the South Bucks area, and the Grove House premises, which is a leasehold property, subject to a lease from the Department of Health for 99 years from 1991. The construction and subsequent extensions of the premises have been financed mainly from grants and donations made for these specific purposes.

The Pepper Foundation/NHS

The Pepper Foundation and Department of Health funds are received towards the salaries and expenses of the paediatric Hospice at Home team and the family support services.

Nurses Cottage Fund

In May 2018, Rennie Grove Hospice Care received a donation from The Nurses Cottage Fund consisting of Treasury Stock and Cash totalling £241,614. The trustees have approved the expenditure of cash and earned interest on clinical care in the Great Missenden and Prestwood areas.

Hospice UK/NHS England Grant

Grants received for collaboration and data analytics projects.

Other Restricted Funds

Other restricted funds consist of smaller grants and donations given for specific purposes or projects.

DESIGNATED FUNDS

In conjunction with the Trustees of Rennie Grove Peace, the Trustees have designated certain unrestricted funds to known and expected projects which are expected to be carried out over the short and medium terms and which are considered essential to ensure the successful delivery of the Group’s strategies. During the year, the Trustees have carried out a review of the designated unrestricted funds to ensure these are aligned with Rennie Grove Peace’s plans and these plans are adequately but not excessively funded. The following designated unrestricted funds are held by RG at 31 March 2023:

• The Fixed Asset Fund represents the net book value of fixed assets other than property.

• Investment Property fund £1,150,000 Finances a donated property held for its capital appreciation and rental stream and not used in the day-to-day operations of Rennie Grove.

• Capital Programmes Fund £500,000. Capital projects identified for the strategic planning period.

• Merger Implementation Fund £106,000 Representing key projects necessary to successfully implement the merger.

• Strategic Initiatives Fund £250,000 Initiatives identified by the EB, and supported by the Trustees, to support our clinical and operational plans as we progress the Charity’s strategy.

TRANSFERS

During the year £285,150 (2022: £nil) was transferred from General Reserves to restricted funds. Following a review, £168,600 of grants from Hospice UK and £116,600 from NHS England were moved from unrestricted to restricted funds.

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RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

19.	ANALYSIS OF NET ASSETS BY FUNDS (2023)	Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	Group:
	Tangible fixed assets	181,761	2,424,234	2,605,996
	Investment property	1,150,000	-	1,150,000
	Investments	3,525,108	233,675	3,758,783
	Other net assets	7,647,046	354,645	8,001,691
		-----------------	---------------	---------------
	Total net assets	12,503,915	3,012,555	15,516,470
		========	=======	========
	Charity:
	Tangible fixed assets	181,761	1,896,705	2,078,466
	Investment property	1,150,000	-	1,150,000
	Investments	3,525,108	233,675	3,758,785
	Other net assets	7,583,549	354,645	7,938,194
		----------------	---------------	---------------
	Total net assets	12,440,418	2,485,025	14,925,443
		========	=======	========
19.	ANALYSIS OF NET ASSETS BY FUNDS (2022)	Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	Group:
	Tangible fixed assets	89,743	2,458,149	2,547,892
	Investments	3,669,271	272,898	3,942,169
	Other net assets	8,943,980	62,647	9,006,627
		-----------------	---------------	---------------
	Total net assets	12,702,994	2,793,694	15,496,688
		========	=======	========
	Charity:
	Intangible fixed assets
	Tangible fixed assets	89,743	1,924,028	2,013,771
	Investments	3,669,273	272,898	3,942,171
	Other net assets	8,881,372	62,647	8,944,019
		-----------------	---------------	---------------
	Total net assets	12,640,388	2,259,573	14,899,961
		========	=======	========

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RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 20. SUBSIDIARY COMPANIES The charitable company owns IOOO/o of the share capital of three subsidiaries, which are all incorporated In England and Wales. The results for the year to 31 March 2023 and the a55ets and liabilities at this date are induded within the consolidated financial statements. Income Expendlture Net funds St Albans and Dacorum Day Hospl Q>mpany number.. 2609260 (harity number.. 1003462 The lain Rennie Hosplce at Home Company number: 2199373 Charity number.. 297847 laln Rennie Hospi￿ Servlces Ltd. Company number.. 03068254 4,772 IirKI% own&Jl 6,591 527,529 IItXPkn owned) 210,272 105,274 58,724 (l(A)% ownEd} 21. RELATED PARTY TRANSAcfIoNS The charitable company has three subsidiaries, detailed in note 20 above. During the year laln Rennie Hosp1￿ Servi￿5 made donations to the charitable company of £87,702 (2022.. £33,854). At 31 March 2023 St Albans and Dacorum Day Hospice was due £Nil from the charitable company (2022: £Nil), The Iain Rennie Hospice at Home was due £Nil from the charltable company (2022., Nil) and Iain Rennie Hospice Services is due £104,997 to the charitsble company (2022.. £87,702). 22. FINANCIAL COMMITMENTS As at 31 March 2023 the Charity and Group were commltted to making the following payments under non- cancellable operating I￿seS. Land and buildings 2023 2022 Expiry date.. Within one year Between one and ￿0 years Be￿een two and five years In over five years 599,032 530,450 1,436,424 508,423 670,332 520,244 1,070,235 792,110 3,074,329 3,052,921 441Page

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 23. FINANCIAL INSTRUMENTS 2023 2022 GROUP: Financial assets at amort15ed cost Flnancial liabilities at amortised cost Financial assets at fair value Equity instrument at cost less impalrment 6,331,249 402,306 3,499,975 258,806 5,097,862 243,949 3,683,362 258,806 CHARITY: Financial assets at amortised cost Financial liabilities at amortised cost Financial asset at fair value Equity instrument at cost less Impalrment 6,249,523 297,309 3,499,975 258,808 5,026,752 156,438 3,683,362 258,808 24. NOTES TO THE CASHFLOW STATEMENT 2023 2022 Reconclllation of changes in resource$ to net cash inflow/(outflow) from operating activities Net income for reporting period Depreciation of tangible fixed assets Amortisation of intangible fixed assets {Gains)/Losse5 on investment property (Gains)/Losses on investments Interest r￿1Ved Dividends re￿IVed Reali5ed {Gains)/Loss (In¢￿ase}/Decrease in stock Decrease/(Increasel in debtors Increa5e/(Decreasel in creditors 19,780 90,846 3,834,900 94,272 ioo,o loo,000 175,477 {63,693) (9,317) (1,103) (7,531) 2,137,000 9,409 (155,835) (920) {9,347) (1,255) (26,842) (1,959,883) 47,440 Cash generated by operating activities 2,450,869 1,922,530 451 P(Ige

RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 25. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTivmES (2022): Unrestricted Funds Restricted Funds Total 2022 Notes INCOME. Donatlons and legacies Charitable actlvitie$ NHS funding Rapid Personali5ed Care Other income from charitable activities other trnding activities Events & communlty Retail income Xnterest receivable other Hospice Lottery Partnership Other income 5,674,489 126,953 5,801,442 1,013,329 879,973 1,013,329 879,973 1,371,445 1,371,445 553,813 2,806,532 959 11,296 565,109 2,806,532 10,267 9,308 402,000 208,325 402,000 213,665 5,340 Total income 11,539,419 1,524,342 13,063,760 EXPENDJTURE: Raising funds Donations and legacies Fundraising artivitie5 Charitable activitles Patient care Rapid Personalised Care 993,947 2,843,016 993,947 2,843,016 3,058,567 809,156 1,651,263 4,709,830 809,156 Total expenditure 7,704,686 1,651,263 9,355,949 Net gainsl(105ses) on investments 178,989 (21,900) 157,089 Net Incomel(expenditure) 4,013,722 (148,821) 3,864,900 Transfers between funds other recognised galnsl(losses) Net movement in funds Funds at 31 March 2021 4,013,722 8,689,272 (148,821) 2,942,515 3,864,900 11,631,788 Funds at 31 March 2022 12,702,994 2,793,694 15,496,688 461Pagc