RENNIE GROVE HOSPICE CARE TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Company Nurnber: 7479930 Registered Charity Number: 1140386
CONTENTS Administrative Details Trustees, Report Independent Auditor's Report 23 statement of Financial Activities 27 Balance Sheet 28 statement of Cash Flows 29 Notes to the Financial Ststements 30
RENNIE GROVE HOSPICE CARE ADMINISTRATIVE DETAILS Charlty Name Rennie Grove Hospi Care Charity Number 1140386 Company Number 7479930 Reglstered Office Grove Hou Waverley Road St Albans Hertfordshlre, AL3 5QX Trustee5 Dr J Shlndler {Ch8lrman) Mr C Inman OBE (Vlce Chalrman) Mr J Wroe (Treasurer) Mrs E Moralez-Perez Mrs E Colerbdge Smith Mr G Davis (Resign 7 December 20231 Mr A Graham MBE Mr M Ferguson Mr S Hamill Mrs S Hill Mrs J Langfleld Ms J Morosco Mr R Russell-Hogg Dr A Wainwright Mrs E Moralez-Perez Company Secretsry Chief Executive Executive Board Mr DS Marks Mrs J Westlake-Tritton Dr Sarah Klinger Mrs P Pickersglll (ResSgned 30 Aprll 2024) Ms R Ahmad Mrs T Hancock Mrs D Gould Mrs E Thompson Auditors haysmacintyre LLP 10 Queen Street Pla London, EC4R IAG Bankers Barclays Bank plc corrate Banking Suite 11 Bank Court Hemel Hempstead Hertfordshire HPI IBX Sherrards Solicitors 4 8eacon5field Road st Albans ALI 3RD Solicltors
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT The Board of Trustees presents its Annual Report and Financial Statements for the year ended 31 March 2024 which comply with the requirements of the Companies Act2006, The Charities Statement of Recommended Practi (SORP) and the Charities Act 2011. The Trustees, Report incorporates the requirements of the Strategic Report as required by the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013. In thi5 Trustees, Report,he Group" refers to Rennie Grove pea Hospice Care (Rennie Grove Pea) and its subsidiaries, RG Group" is Rennie Grove H05pice Care (RG) and its subsidiaries 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 Hospi Care (RG) and Peace Hospice Care (PH) announced their intention to merge the two organisations into one new charity, called Rennie Grove Peace Hospice 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 pea 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 pea 15 a member owned charity, and its sole members are its Trustees. The Trustees of Rennie Grove Peace have determined that most of the activities previously carried out by RG and PH, will be transferred to Rennie Grove Peace. This process has commenced and continued in 2024 so that by 31 March 2024, a significant proportion of the income and expenditure of the Group resides in Rennle Grove Peace. Certain assets remain in RG or PH. The Group provides palliative, end-of-life advi, support, education and a wide range of services to those people who are registered with a West Herts or Buckinghamshire GP practice. The Group is a specialist palliative care provider whose 5etvices are deltvered by a multi-disciplinary team of Nurses, Doctors, Allied Health Professionals, therapists, support staff and volunteers who will ensure the right seNice 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 force behind the merger of RG and PH Is the goal to increase both the reach and scope of SeNiC provided by the two legacy charities. This include5 high-quality care for those facing life- limiting illness, as well as bereavement counselling services ft)r anyone affected by grief. The Group has three clear aims.. Serve - provide a wider range of SeIS 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 community and meet their changing needs
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 strengthen - use our strengthened combined voice to Secure the resour needed to ensure every local person receives the care they need, when they need it 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 charitsble activity undertaken by RG. The focus of Rennie Grove is to ensure that patients living 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 seTvices in line with the alm of the National End of Llfe Care Strategy (2008) to provKie Servi 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 Govemment Response to the Review of chol in End-of-Life Care (2016),. In addition, RG is committed to Ambitions forPalliative and End of Life Care.. A national framework ftjr 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 attton betrNeen organisations at a local level throughout England" GOVERNANCE The sole member of RG is Rennie Grove Pea. Following the establishment of the Group, the governance arrangements of the Charity were incorporated into the governan 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 practice against which Charities may compare themselves and identify areas of strength and for potential improvement. The Code indude5 seven principles which the Board 0fTruSt of Rennie Grove Peace has considered in its aim to ensure continued strong governance of the Group. Organisationalpurpose The Board of Trustees of Rennie Grove Peace maintains the vislon and mission of the Group. It approves the strategyi operational plans and budget. The Trustees operate as a team and re1ve reports from management to ensure the proper functioning of the Group. Key governance highlights in the year included carrying out a self-assessment of Board governance and a review of the effectiveness of the Board commiitee structure.
RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 leadership The Board maintains responsibility frir ensuring the strategy of Rennie Grove Pea is established and followed. The PA)ard has a wide range of clinical and non-clinicèl abilities and experience from a variety of backgrounds. By meeting regularly with management and clinical staff, the Group Board ensures that leadership and manageynent are integrated for the good of Rennie Grove Peace. Integrity The culture of the Board supports independent and challenging thought accompanied by a supportive ethos. Procedures are in place ta prevent conflicts of interest and to ensure the Board is independent in its decision making. Decision Maklngi Riskand Control 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 Peace 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. Importance is placed on effective risk management and considerable progre has been made in the year in establishing risk management processes. Bo3rdEffectiveness The Chair carried out governan reviews supported by the Governan Committee to ensure the process for the recruitment, appointment and retirement of the Board members is effective. This includes periodic one-to-ones beeen the Chair and individual trustees. An induction proce55 for new trustee5 is in place. Trustees undertake a statutory learning programme, and the Chair agrees other training direcdy with individual Trustees. Equality, Diversity & Inclusion The Board recognises that a variety of perspectives, backgrounds and skills Is essential for good governan. These matters are considered as part of the process for nominating new Trustees. Openness andAccountability The Board places great importance in ensuring that the Group'5 seNices, 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 Chlef Executive. We actively seek feedback on all clinical activities. RG Group Structure RG 15 part of the Rennie Grove pea Group following the merger of RG and PH. RG has a 33¥0 shareholding in The Hospice Lottery Partnership Limlted, a company which operates a lottery to raise funds for RG and the other partners. The Trustees of Rennie Grove Peace and RG are volunteers from the IcKal community who bring a range of expert skllls 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 seNices are effective, as well as overseeing efficient financial stewardship and the financial planning of the charity. The Group Board of Trustees have agreed delegation of its powers through the Chief Executive ICE) and five Committees of the Board of Rennie Grove Pea which are described below..
RENNIE GROVE YOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Governance Committee The purpose of the G0Veman Committee is to oversee the governance arrangements of the Group and make recommendations to the Board. In particular, the Committee- Reviews the size and composition 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 apwintment of the Chief Executive. Oversees the remuneration paid to the Chief Executive and the Executive Board members and the overall remuneration framework for the Charity's employees. Clinical Governance Committee The purpose of the Committee is to advise the Board in relation to the Group's development of the ainical Strategy and the delivery of the underpinning annual patient Servi5 work plan and agreed Key Performance Indicators (KPIS). In particular, the Committee: Horizon scans to identify opportunities to maximise patient services growth and future seICe developments which are responsive in reaching more people and reflett our locality needs. Receives assuran that there are effective clinical quality assurance and clinical governan control system5 established and maintained across the organisation, demonstrable outcomes and measurable impact. Provides assurance to the Board that the clinical seNices are continuously striving to improve care, while remaining compliant with all legislative and regulatory requirements and with consideration of the organisation wide sustainability and digital transformation strategies. Identifies and defines the acpted risk levels arising from the Group's cllnical operations and any increase in aclivity and innovation risks to the Board. Development Operations & Performance Committee The purpose of the Committee is to provide assurance to the Board on the development, operations and performance of the Group's strategic ambitions and annual operational plan, highlighting new operational risks which may arise out of the development of the plan for the directorates that report to this committee, and monitor.. Financial and operational performance and risk The overall integrity of the Group's internal financial and operational reporttng The Group's operational controls. Recommendations for developments involving tangible fixed assets. Risk and Audit Committee The purpose of the Committee is to provide assuran to the Board that the Charity's responsibilitie5 regarding financial legislation and regulations are met. It reviews overall risk anagement assessments, controls and mitigations processes and continuous quality improvement. This include5: Reviewingi on behalf of the Board, the integrity of external financial reporting Overseeing the relationship with the external auditor Monitoring quality and assurance improvement systems and Complian with extemal regulations Reviewing risk management systems and key risks
RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Investment Committee The purpose of the Committee Is to monitor the flnancial resources and liabilities of the Group. Thls Includes monitoring internal financial controls relating to cash, marketable investments, financial liabilities, and other liquid resources of the Group, considering the Board's attitude to financial risk and the financial sustainability of the Group. It also includes monitoring the performan of banking counterparties and investments advisors. The Rennie Grove Pea 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. Certain matters are reserved for the Board and members of the Executive Board (EB) are invlted to attend Board and Board Committee meetings as appropriate. Executive Board The Rennie Grove pea EB is led by the Chief Executive (CE) who is appolnted byi and aUntable to, the Trustees. The EB has responsibility for the day-to-day management of the Charity, ensuring it nttions within the law in accordan with Charity Commisgon regulations, Care Quality Commission standards, Scheme of Delegation Policy and other relevant regulations. The EB o)nsists of CE, (hief ainical Offi, Medical Direttor, Direttor of Development, Operations & Performan, Directr of peop & Culture, Director of Marketing, Director of Fundraising, arKi Direttor of Retail &TradiThJ. CLINICAL ACTIVITIES The Group's clinical services offer support to a population of just over one million. In the area of 601 square miles in which we work, there are 81 General Prattices, and we provide services to anyone registered within those practices. From a health and social care perspective, we are commissioned by two Integrated Care Boards (ICB5)'. Herts & West Essex (HWE) and Buckinghamshire, Oxfordshire & Berkshire West (BOB). Rennie Grove pea clinical seNices operate from four bases: Peace Hospice, Peace Drive, Watford. WD17 3PH. seNis provided from pea Hospi are.. Inpatient Services Coordination Centre South West Herts Hospke at Home seNis Rapid Personalised ca Servi Outpatients & Supportive Care servIs Bereavement & Wellbeing SeNices Rehabilitation servIs across all areas Rennie House, Tring Industrial Estate, Icknield Wayi Tring, HP23 4JX. SeNices provided from Rennie House are.. North West Herts Hospi at Home Servi$ Buckinghamshire Hospice at Home Services
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Rapid Personalised Care Service Children & Young Person's Services Supportive Care & Wellbeing seNi Gillian King House, Hodgemoor View, Chalfont st Giles, HP8 4LS. S8vi provided from Gillian King House are.. Buckinghamshire Hosp1 at Home SeNlces Grove House, Waverley Road, St Albans, AL3 5QX, SeNices provided from Grove House are: Clinical Leadership Base North West Herts Hospi at Home Servi5 Outpatients & Supportive Care Servi5 Bereavement & Wellbeing setvices Children & Young Person's Services Rehabilitation Services across all areas Catchment area sr ALMAKS )rtC?RIJM THREE Key SOUTY IIJCXIWfjHAMStrIIRE Pe&ce HoSW(* ftennleHous GlIll KlngHo GroveHou5e Bainbridge House
RENNXE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Inpatientservi Inpatient services are provlded from the Inpatient Unit IIPU) which is a 12-bedded, short stay ward providing high quality, specialist palliative care which includes symptom control, rehabilitation, and end of life care for individuals whose symptoms cannot be controlled at home. The team delivers holistic care for patients and their familie5 including physical, emotional, spiritual, and practical support for those living with a progressive life-limiting illness. Outpatient & Supportive Care Services These services provide a range of holistic nursing, rehabilitation and therapies and Social Worker SUPPK)rt services from two-day seNices centres based at Peace Hospi and Grove House and nclude dedicated nurse-led outpatient clinics. The multi-disciplinary services include a very wide range of rehabilitation interventions and support, wellbeing and creative art5 inteNentions, and self- management. To achieve our aims, to widen aCsS and ensure the right team is supporting the right people, we offer three tiers of outpatients and rehabilitation support (universal, targeted and speciali5ed) which change over time to meet the specific needs of each patient. Many of these SeNiS are planned to outreach into our local communities as part of our Compassionate Community hub programme at community hubs. The therapy teams also provide thelr expertise and serv15 Wlthin the IPU and our Community Adult and Children services. Bereavement & Wellbeing Servlces A range of bereavement, SUPPOrtive and wellbeing services are available for the families and those who care for patients with a progressive life-limiting illness or are bereaved. Our complementary therapy team Dffers a WKie range of treatments to patients and those who care for them. These include acupuncture, reflexology, scar therapys massage and Reiki as well a5 offering group relaxation ftjcUd sessions, Our Bereavement, Listening & Talking Therapies provision consists of three counselling teams, and all our counselling is provided free of charge. Student bereavement counsellors, British AoCiation for Counselling & Psychotherapy (BACP) registered volunteer counsellors and Improving Access to Psychological Therapies (IAwf) counsellors. Sessions are provided through virtual technology, individual and group sessions. By focusing on quality of life both for patlents and those who care for them, as well as our bereaved clients, we can help them make every moment together matter. We offer the opportunity to ac55 a range of different interactions to reflect on their experiences in a safe and confidential manner. Hospice at Home Serces The Rennie Grove Peace Hospice at Home service provides 2417 care for patients who wish to remain at home or in their care home. Care is tailored as needed. There are 3 locality teams.. Buckinghamshire, North West Herts and South West Herts. Our model of care is delivered by a multi-disciplinary team who can provide planned ongoing support and symptom management and unplanned responsive intensive inteNention for those patients whose condition becomes unstable or when in the last weeks of life. We support the facilitation of hospital discharge and prevention of unwanted hospital admissions in line with patients, wishes. A plan of care is agreed with the patient, or family as needed, to ensure cornfort and care is maximised. 91 P<lg?e
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Rapid Personalised Care Service Our Rapid Personalised Care SeNice (RPCS) provides personal care for up to 12 weeks to patients at home receiving end of life care. By providing help with things like meal preparation, washing, dressing and toileting, this service gives terminally ill people the daily support they need to stay safe and comfortable at home during their final Wks. Patients are referred by healthcare professionals through a single point of access and are supported by a team of specially trained carers, a care co- ordinator and service lead. Packages of care are provided within 48 hours of a referral and, in practice, frequently start on the same day as the referral is reived. The service operates from 7am to 11pm, with care being provided up to four times a day by up to carers to ensure the sUPPOrt and comfort of patients and their families at end of life. Children & Young Person Sservi5 Our Children & Young Person's {CYP) Hospice at Home service covers Buckinghamshire (excluding Milton Keynes) and the North West Hertfordshire areas of Dacorum, St Albans and Harpenden. The team of trained children's nurses, support workersi play therapists and volunteers work in collaboration with the other local Children & Young Person's hospices (Keech Hospice and Helen & Douglas House), as well as the NHS community children's services. The aim is to offer a service operating 7 days a week, with availability of 24-hour support for patients and their families, if required, We are supported by The Pepper Foundation who raise funds for this service. CommunityEngagementServlces Through engagement activities we raise awareness of Rennie Grove Peace servicesft promote equality, diversity & inclusion, and increase our profile and relationships with the communities we serve. Our activities also allow us to reach out to under-represented groups to help overcome any perceived barriers to receiving hospi care. Our Compassionate Communities project unlocks people's compassion and enables the building of a stronger, connected community for all people touched by death, dying or loss. We achieve this by supporting and growing a network of people who have been affected by any type of bereavement or loss, or who may be living with a progressive life-limiting illness. Support 15 providing by our train&1 volunteers either in a rSOn'S home or at one of our partrr community-ba*d venues. Our Compassionate Neighbours prJramme 15 delivered by trained volunteers who provide l-l sustained support via in-person visits and phone calls, Medical Team The Medical Team works across our three main patient seNices- Inpatient SeNices, Hospice at Home Services and Outpatient & Supportive Care SeNices. They provide speaalist medical and pharmacy support to patients as well as advice, support and education to staff. Coordinatlon Centre 01923 60 60 30 Rennie Grove Pea has introduced Coordination Centre that provides a single point of aCsS and coordination of care, managed by a team of dedicated Clinical Nurse Specialists and supporting administration team. It operate5 24 hours a day, 7 days a week for all patient enquiries, referrals and calls. The ntre ensures we deliver the right seNice to meet individual needs.
RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Learning & Development Education a1 training is prOVed by the Learning & Development Team who work across the whole organisation under the direction of the Director of People & Culture. They lead on the provision of mandatory and other training to staff and to volunteers. The team carries out a Training Need5 Analysis for all staff and volunteers so that they can develop professionally. Training includes competency and additional specialist training to ensure we have a confident and competent workforce. Other work includes external education for care home staff and educating others on palliative care. OPERATIONAL REVIEW AND ACHIEVEMENTS FOR THE YEAR CLINICAL SERVICES As well as the detail of our seNices described above, Rennie Grove pea has a particular focus on recruitment as this remains a significant challenge, 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. All Rennie Grove Peace clinlcal seNices (except TAPT service) are now using the same elertronic patient record system (Systmone) which allows clearer communication internally and sharing of information with other healthcare organisations. Rennie Grove Pea has been a collaborative partner in the development of a system wide, specialist psychology seNice for cancer and palliative care patients in West Hertfordshire. FUNDRAISING Once again, we have seen eXPtIOnal legacy income in the year, which, along with strong major donor and trust income, meant, for fundraising income in total, we closed the year significantly ahead of our target. We have continued to see growth in our Vice Presidents and Presidents, Circle schemes, helping us to build strong foundations for the future. Key achievements included the Big Give Challenge, whlch reached its increased target of £lOO,000 within five days. The London Bridges Walk attracted record numbers of participants, our Question of Sport event had the most successful year Sin its inception in 2014, raising £83,000, and our London Marathon runners raised an amazing £63,000. Fundraising during the year, has continued to be challenging within donations and appeals, however we have had strong support from major donors and trusts. Whilst we have continued to be supported by our local communities, the level of giving has been lower. We are encouraged by the return of participants to our key events and hope to now continue to build on these In the coming year. The focus for the year has been on providing exlIent stewardship to all supporters and understanding how they want to help us.
RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 RETAIL & TRADING The Retail and Trading team have expanded from 32 shops to 34, securing two new shops in the Rickmansworth area, one in the town Cent and one in Money Hill, a thriving community on the outskirts of Rickmansworth. The Rennie Grove Peace shop in Money Hill is the only charity shop on the parade, and it is our largest shop with excitiry opportunities for future growth. We have continued the roll out of the"Rennie Grove Peace Revisited" programme to refurbish shops, ensuring each shop meets its Ial community needs and reinforcing our environmental mantra, "Recare, Rewear, ReHome" The programme includes ReLoved Boutiques, Community Hub shops and Revalued Oudet shops, each allowing the Charity to maximise sales from each donation received. Retail & Trading shops were running on two different elettronic point of sale systems, and withln this financial year we have moved all shops onto a more adVand single system and have Introdu tablets into all shops to ensure seamless gift aid sign up and good management of bought in goods. The environment for our shops is challenging. However, our Ecommerce portal is proving very effective in maximi5ing income from high value donations. PEOPLE & CULTURE Our colleagues provide the skills, commitment, and passion for reaching and serving our community in new ways, while continuing trj deliver or contribute to the care that our patients and their carers rely on. We wish to be an employer of choice, and the place where people wish tr) volunteer, in the charity and care sectors. With the support of a culture change consultancy, we have listened to employees feedback via a new listening tool called EVE (which uses Al powered conversations to ask questions about working at Rennie Grove Pea). From this, together with regular face to fa line management conversations, we know we need to make some improvements to our colleague experien. The Executive Board and Leadership Team have been working together to make some Choi about where to focus our efforts. Three Improvement Projects are our key prioritie5, Building & Living our Values, Growing a Caring & Supportive Culture and Retaining & Attracting the Best People. These projects are being led by the Leadership Team in cross-functional teams, with Executive Board members as sponsors, A further priority is building, developing and supportlng the Executive Board and Leadership Team to be the best leaders. The focus ft)r this development will be the Rennie Grove Peace leader expectations framework developed by the Executive Board and Leadership Team. We have had a high-volume of recruitment and have SusSfullY onboarded 130 new starters, 59 across clinical serViS and 71 in non-clinical teams to enable the organisation to continue to provide specialist servicesi generate income to fund our work and support our services. A projett has started to implement an AppliGint Tracking servi (ATS) to offer a smoother and more efficient process for applying for jobs and onboarding.
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 In luly 2023 all employees became employed by Rennie Grove Peace under TUPE. All employees were combined on a single HR Database, the agreed changes to terms & condition5 were implemented, we ran our first joint payroll, a sickness absence monitoring system was launched across the organisation, and we rolled out the benefits platform to all employees which offers a health cash plan, access to retail discounts and employee assistan programme. A comprehensive review of the existing pension provisions was carried out by our pension advisors to streamline our pension provision. We have employed an experienced reward specialist to move forward with a pay and reward framework for our employees, LEARNING & DEVELOPMENT The Learning and Development Team support our Workfor across all area5 of the charity. Our new colleagues are onboarded with the support of the team who run a monthly organisational induction and a newly developed clinical induction. The team delivers a Learning & Development programme to clinical and non-clinical employees and volunteers across a range of role-specific and personal developmental subjects. The programme is underpinned by responsive training courses to meet emerging clinical and non-clinical needs and includes Specialist Palliative Care Update (SPCU), Palliative Care Development Programme (PCPD), Intermediate and Advanced communication skills, Do Not Attempt Cardio Pulmonary Resuscitation (DNACPR) competency training, loss, grief and bereavement a5 well as team support through focussed Away Days. The annual Management Development Programme (MDP) continues to develop participants, knowledge, skills and behaviours in a programme delivered across six modules covering four key areas of focus: Managiro ourselves, Managing our people, Managing our team and Managing our service. A new Learning Management System (LMS) has been implemented to co-ordinate and manage online e-learning and in person mandatory and statutory training for all colleagues, employees, and volunteers. We provide much needed knowledge and skills updates across our geographical area for Care Home and GP colleagues through our Care Home Education programme. Another successful clinical conference was delivered, the first as Rennie Grove Peace. 75 delegate5 booked to attend. Feedback shows IOOO/o were satisfied with the programme, structure of the day, booking and communication. IOOO/o said attending had increased their knowledge and understandlng and they were satisfied with the overall experience. A Learning & Development Steering Group was fomied in January 2024 and will meet throughout the year to review the training provision (both clinical and non-dinical) for the organisation to ensure it is fair, equitable and effective, 131 P<1
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 VOLUNTEERING Volunteer5 continue to support Rennie Grove Peace to deliver our seNices to more people. They are our ambassadors in our commkjnity, spreading the word about the vltal work that we do and the many ways in which people can support us. We now have a combined volunteering force of around 1,600 volunteers in more than 100 unique roles supporting every area of the charity. From September 2023 all our volunteer records were held on a single volunteer database, We continue to develop our community volunteering programmes and expanding our Compassionate Communities services. We now have 56 Compassionate Neighbours supporting community members in their own homes and 53 at our CompalOnate Cafes and Compassionate Support Hubs. In the community volunteering we also have eight Engagement Ambassadors, who help with engagement & awareness work. This is a significant expansion with 53 new volunteers having joined the community volunteering team durin9 2023124. Our 39 Supporting Hands volunteers support Our nurse5 Wlth respite visits and provKie practical and emotional sUPPOrt to our patients. We are expanding this service into the Watford area and have continued with targeted recruitment campaigns for these volunteering roles and others, to ensure that volunteering at Rennie Grove Peace is in the public domain, and we are seen a5 a great place to volunteer. 27 volunteers have joined our Supportive Care team over the last year, meaning that we can continue to deliver our vital Bereavement, listening and talking therapies, Complementary therapies and children and young peoples, servi5 to more people that need them, We have worked closely with the Retail & Trading team, and now have nearly 900 volunteers across our shops, working hard to raise the money we need to fund our seNice. Our large group of community fundraising volunteers continue to support us with our flagship and local fundraising events. In Patient Services, we have volunteers working with patients and families acros5 both Outpatients and Inpatient servi5 with 40 volunteers SUPPOrting the IPU, and many others helping with wellbeing, exerose and transporting patients to and from their sessions. In the background we have those volunteers who keep everything working and our buildings pleasant pla5 to be - gardeners, receptionists, facilities, finance, IT, Marketing, People and Culture and of course our truste. In January 2024 we launched our Volunteer Engagement Group which will be developed in the coming year. We continue to work across the organisation and externallyi to promote the value that volunteering brings to the organisation, and the benefits of volunteering to each individual who joins us. MARKETING At the start of this financial year, the marketing team was focused on delivery of day-to-day activity alongside the merging together of all our individual marketing channels into one Rennie Grove Peace presence, which we achieved on I july, adopting a best-of-both approach for each platform.
RENNXE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Our single cohesive team now operate5 at close to full strength, having SUCCSfullY recruited for Head of Marketing, Clinical Content Manager, Digital Marketing Manager and two Digital Marketing Officers in the last year. The team works across all our locations, whlch, together with our'toplc owner" structure helps form collaborative and consultative relationships across all other directorates. External freelanr5 flexibly support the team with additional capacity and skill when needed, with design, social media, paid advertising, and PR experience, as well as our two new marketing volunteers who sUPPOrt the team with relevant skills. We have developed a clear marketing roadmap, planning and scheduling key priorities with each department, and building a set of supporting KPIS to monitor performan and impact. These reports are now being shared with the other departments to inform strategy and artivity. HhlIghts include: Full utilisation of a Google Grant, free pay-per-click search advertising at a value of Iok USD per month, managed by an agency charging a reduced rate of £800 for £3,000 worth of retained fees. Additional press office support secured to drive coverage in Buckinghamshire at a rate of £500 for £2,500 worth of retainer per month, giving access to a press cutting5 seNi free of charge worth a minimum of £5,000 a year. Developed a relationship with the Press Association wire, which has facilitated much wider access to publications at low effort. From September, three human-intere5t stories have secured over 600 articles in different media outletsi greatly increasing our awareness reach, Consolidated all data we hold of our Healthcare professionals, forming a single source of data for our referrers. This now allows us to send regular monthly email newsletters to key stakeholders in our area of operations, reminding of our services developments and referral paths, and ensuring we are front-Df-mind. Our digitsl support of the Christmas appeal increased the fundraised total through digital channels three-fold, at no105s to the offline donations, nor The Big Give appeal which ran shortly before. Our management and overview of schedules, and test-and-learn approach has underpinned this success as one example. Working with the fundraising and events team closely, and directing the f(u5 onto data with regular check-ins, also saw the London Bridges event raise over £40k against a £25k target, thanks to a mid-campaign shift to stewardship from volume. LINKS WITH COMMISSIONING BODIES The Clinical Leadership Team (CLT) continue to develop links with the commissioning bodies across both Herts and West Essex (HWE) and Buckingham5hire, Oxfordshire & Berkshire West (BOB) Integrated Care Systems. In addition, they maintain our relationships with the Rennie Grove Pea contract holders in both areas (Central London Community Healthcare (CLCH) Trust in Hertfordshire and BOB Integrated Care Boards in Buckinghamshire). CLT regularly attend the Specialist Palliative Care forums in both areas to develop and maintain Rennie Grove Peace's Influen in the external strategic direction of specialist palliative care seFvices.
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2024 The CLT continue to explore new opportunities to attract statutory funding to Rennie Grove Pea in order to develop Servi5. PERFORMANCE AGAIN STRATEGIC PLANS 2023-24 was a year when our focus remained on merger-based activity creating and embedding Rennie Grove Pea as its own organisation with the colleague base, of staff and volunteers, beginning to work more closely together across our estate. A particular internal focus has been on the development of culture, by responding to colleagues, views about what it is like to work in the new Charity. With the sUPPOrt of a culture change consultsncy, we have listened to employees, feedback via a new listening tool called EVE (which uses AI powered conversations to ask question5 about working at Rennie Grove Peace). This was delivered electronically in November 2023 and the results told us we needed to focus more on our leadershipi communications and the care and support we offered to colleagues. We started 2024 by identifying three themes to help u5 address the areas of improvement. Cross directorate project teams, sponsored by EB, have been established with the intention of Building & Living Our Values, Growing a Caring & Supportive Culture and Retaining & Attracting the Best People. The project teams consist of our Heads of Departments and Assistant Directors and these colleagues have also created our Leadership Team. The Leadership Team (LT), with the full support of EB and the Board, have worked on what a great leader looks like and developed our Leader Expectstions Framework, against which they will *lr- assess their own development requirements. A Rennie Grove Pea Quality Account was produced to summarise the early impact of the Charity and it can be found on our website, www.rennie rove eace.or The past year has seen a tremendous amount of work from every single member of the Rennie Grove Peace team to progress our merger integration. A full merger takes a huge amount of combined resour and we continued to make great strides towards the successful integration of Rennie Grove Pea over the past year. OUR PLANS We know there will be a growing number of people who need our services and expect our patient numbers to grow to around 7,500 in the coming year5. We will use 2024-25 to identify more clearly those needs and how we might refocus our services appropriately. A developing employment and reward structure for colleagues continues to be a priority for 2024-25 including the evolLJtion a new pay structure for the Charity. This will be an irllportallt element of our ability to retain our existing workforce and to continue to attract new colleagues to our team. We will be working on the Strateglc Plan to deliver against our merger ambitiors over the summer of 2024. Thi5 will support the clinical ambition and plan5 as well as prepare the Charity to identify how we can become more efficient and improve our systems and processes to enable us to reach the expected growth in the needs for our seNices. 16 11) IL g e
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 COLLABORATION In Hertfordshire, Rennie Grove Peace works through a Memorandum of Understanding with the other four hospice providers who deliver services to the adult population of the county. Each organisBtion has the ambition for the very best palliative end of life care and has decided to work together to create "one vol, a formal Hospice collaboration. In 8uckinghamshire, Rennie Grove Peace will continue to develop its working relationships with Buckinghamshire Healthcare NHS Trust's Florence Nightingale H05pice, and its associated charity, as well a5 Wlth South Bucks Hospice (Butterfly House). With the former, Rennie Grove Peace delivers the community h05pice at home and Rapid Personalised Care Servi5 and with the latter our joint ambition remains to work together to support Ihe development of Servi provided at Butterfly House. Rennie Grove Peace works closely with The Pepper Foundation who raise funds for the Children's Hospice at Home Service. We are grateful to The Pepper Foundation for their continuing support and will work collaboratively with them so that they are able to achieve their mission. As part of the 2417 nursing service, Rennie Grove Peace works in collaboration with The Hospice of St Francis to provide care during the nights to anyone reIVing their other services. RISK MANAGEMENT STATEMENT AND BACKGROUND The Board of Trust$ has responsibility for overseeing risk management within Rennie Grove Peace. It has a fundamental 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 processes, 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 attions 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 Trustee5 consider that the princlpal risks facing the Group are: Fusk Area Potential Impart Mitigations l. Ensure we can provide evidente that standards are met Failure to give mbu5t assurances agalnst the Key of Enqulry that detnonstrate the delivery of appropriate standards of care to our patients. May result in lower Care Quality Commisslon ICQQ ratin95, loss of reputation, lo ol Integrated Care Systems {ICS)ICentral London Comrnunity Health (CLCH) fundlng and an Sncrease In complaints Retx)Sitory ofevidence belng regularly updated. irtternal Governancè Pioce5ses In Jace IndIng audlt scheduFes, mandatory training for employee5, induction programme for new employe, Incklent reportlng rocess mnthl overnance
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 meetings and qUBrterly Trustee ainlcal Governan Committee rneetlws. 3. Awareness ralsed of CQC inspectlon across the organisation l.Recruitment and retention processes in place. [nalIty to retain, recruit, and traln staff and volunteers. Ir Rennle Grove Pea fa115 to cruit andlor retain sufficient staff and volunteers Wlth the quired ski115 and talenty the charity wi11 be unable to delivei our services and strategy (includes cliniral and non-cllnicab, Includlng shops). Internal KPI'S on turnover and vacandes reported Salary benchmarking (aligned to budget), Exit interviews offered and analysed quarterly* Vacancie5 promoted In bcalities and improved soclal edia advertlslng of vacancies S(esSion planning strategies to be put In ace with Tnallagers and working with Learning & Devek)pment to look at career pathways, tralnee roleslentry route5, apprenticeshlps, career progresOn. Induction and Training pro$$eS Improved onboarding and recruiting manager stsying connected with new staff before and once appolnted. Revamped clinKal IndtK)n programme In place, clinlcal supervision offer being revwed, Culture imprOveTht work underway so that Rennie Grove Peace is recognised a5 place employe want to work and wlrre volunteers want to give their time and eXrtISe Remodelling or the t1Inical workforce, ensuring the right team wh rlght skllls see the right patients. 3. Safe staffing and seThice user safety staff levels revlewed rnonthly for each setvlce. Non nursing staffing IntruCed, eg paramedics atKI nurse asSOCk4te5. Daity patient aculty tool undertaken for each servlce to a5se55 demand and capaclty working c105ely wlth other providers to deliver SerS to avoid dupllcatlon. Chief Clinical Officer atte[5 Herts & West SeX ICB People Board. Further 5tafflng eXplod, eg nurse ConsUn cllnlcal fellowshlp. Drfve for greater efficiency In I1 with the experIen5 and prospects of tnany charities in the health sertor, that the Charity experiences slgnificant and repeated financia1 deflclts, due to.. al an Inability to ex01t sufficient fundraising opportunltles, to expand retail contribution, ar to secure adequate commlssk)nlng Income,. andlor That the financial sustainability of Charity 15 significantly weakened. Management is committed to introduce eThhand ways of working, Includlro greater utllisauon of technology and dlgltal processes to prowde opportunlties lor cost savings in tIK Charlty. Need to Imwse cost-5aving measures or reduce seN areas, potentia15y through staff redudion5. This would limit the Charity's ablSity to provide consistent service, thus not atient su orters 2. Drive for increased Income realwJned fundralsing acttIeS, supported by enhad management Informatk)n.' regular and
RENNIE GROVE HOSPICE CARE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 b) Inllatbnary c05t increases vhkh prOde a 5igni1Scant and kngthy dlmlnution of funds. efflployee, or commissioners. requirements. detailed reviews of the perfomiance of individual shops; regular contatt with cotllmi5sioners to allow the value of the servio provlded by the Charity to be fully underStrd. 3, Collaborations We work with other spIceS to identify opportunlties to share resour5 and provide lolnt service5. Asset Base The asset base of tIE Charity includes fixed assets whlch could be monetlsed to provide sub&antial boosts to funds. Financial Posltlon of Charity The Board and senloi managernenl monitor, through rinanclal reports and target5, the financial position of the Charity. This enables early Identlfication of adverse incotne or exFenditure trend5. FINANCIAL REVIEW During the Financial Year a substantial part of the activities of RG were transferred to Rennie Grove Peace. RG funded operations of Rennie Grove Peace by the gifting of charitable funds. In this light the group operations are fully described in the Rennie Grove Peace Annual Report, including the Financial Review, and it is not considered meaningful to present a ffinancial review of RG. FUNDS RG'S Funds finance the resour available to the Trustees to use in the Charity's operations. Funds are classified as Restricted or Unrestricted. RestrictedFunds Restricted Funds are subject to ¥ecific requirements defined by donor5 and will only be expended In accordance with those requirements. The principal Restricted Funds at 31 March 2024 were: RtrIcted Propety Fund. This is represented by the net book value of the Gillian King House and Grove Hou* buildings. £1.9 million. Nurses Cottage Trust, To fund the care of patients in the Great Missenden and Prestwood areas. £0.2 million. Pepper FoundationlNHS England. To provide children's care seNices, £0.2 million. The Shaw Charitable Trust. To enable the enhancement of rr systems. £0.2 million. Hospice UKINHS England Grants for Collaboration and Dats Analytlcs ProxJrammes. £0.2 million.
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 During the year to 31 March 2024, expenditure against restricted funds totalled £0.4million. Unrestricted Funds Unrestricted Funds are resources avallable to the Trustees to spend at their discretion in furtherance of the Charity's objectives. In conjunrtion with the Group Trustees, the Trustees have designated certain unrestricted funds to known and expected projects which are expected 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 Trustees have carried out a thorough review of the designated unrestricted funds to ensure these are aligned with Rennie Grove Peace's plans and these plans are adequatelyi but not excessivelyi funded. This has resulted in certain fundsi previously designated by RG, being transferred to the General reserve. The following designated unrestricted funds are held by RG at 31 March 2024 Fixed Assets Fund, Funds attributable to tangible fixed assets employed in RG operations. (£O.I million). Investrnent Property Fund. Finances a donated property held for its capital appreciatiors and rental stream and not Used in the day-to-day operations of Rennie Grove. (£l.I million). The General reserve is the available funds after designating funds to known or expected projects expected to be carried OLJt over the short or medium term. At 31 March 2024, the General reseNe of RG totalled £0.6 million. The Consolidated General reseNe is held to ensure the continued financial sustainability of Rennie Grove Peace and its subsidiaries. The appropriate amount of the General reserve will vary over time. The Trustees seek to balan 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 addition, the Group Trustees recognise that suffiaent General reseNe needs to be retained by RG and PH. The Group Trustees have determined a tsrget for the Consolidated General reserve of Rennie Grove Peace. This target is a medium-term aspiration and is expre55ed in temis of months of budgeted operating expenditure represented by the General reserve. This method of determining the tsrget allows a direct comparison of the General reserve with the resources required to ensure the on- going operations. The Group Trustees recogni5e that there will be Short term variations from the tsrget, and the tsrget is reviewed annually, In determining the target, the Trustees take into account.. the perceived UnrtaInty in the economic and regulatory environment. the risk appetite and key risks of the Group. the strategic objectives of Rennie Grove Peace,. 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 tsrget is for the consolidated General reserve to represent 9 to 12 months of budgeted consolidated operational expenditure of Rennie Grove Pea and its subsidiaries 2011)<lge
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2024 GOING CONCERN The merger of PH and RG brought tether t0 established and financially sound charities. In preparing for and implementing the merger of the two Charities, the Trustees placed a high priority on building on these sound financial positions. Retaining financial sustainability for Rennie Grove Peace and its subsidiaries continues t() be a key aim of the Group Trustees. The balance sheet of the Group at 31 March 2024 is considered by the Trustees to be strong. In particular.. The level of unrestricted designated funds, at £1.6 million, and the General reserve, at £14.3 million, are adequate to support the operational actlvities of the Rennie Grove Peace Group for the foreseeable future. The General reseNe is represented, to a signlficant 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 fInand 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 Peace and its subsidiaries. The risk management framework includes monitorirwJ of financial risks, policies for funds and the General reserve and a pro55 of preparing and reviewing cash flow and financial assets positions has been introdud. RG and PH have track records of financial resilien, flexibility, and adaptability. This was demonstrated during the coronavirus pandemic and subsequently in a period of inflation. Whilst recogni5ing 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 reswnsibilities is unchanged. The Trustees have concluded, following reviews of the financial p051tion of both the Group and RG, and future plans of the Group, that there are no material uncertainties that would cast doubts on RG'S ability to continue its activities for at least the next 12 months. Accordingly, it is appropriate to employ the going concern concept in these Financial Statements. STATEMENT ON FUNDRAISING Rennie Grove Peace is committed to ensuring tts fundraising activity remains open, transparent and accountable. We respect the privacy of our supporters and donors, and adhere to GDPR regulations, seeking opt-in permission to contact by email or telephone and giving supporters the opportunity to refine their contact preferences. We welcome feedback. Rennie Grove Peace, RG and PH are all registered with the Fundraising Regulator and commTtted to the Fundraising Promise and adherence to the Code of Fundraising practi and are signed up to the Fundraising Preference Se1, enabling supporters to opt-out from receiving fundraising communicaknons. In 2023-24 Rennie Grove Peace received no complaints that required reporting. 21 | P <1 gi e
RENNIE GROVE HOSPICE CARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 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 Ststernents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Company law requires the Board of Trustee5 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 resources and applicalion of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial ststements, the Board of Trustees is required to:_ Select suitsble 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 State whether UK Accounting Standards have bn followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless il is inappropriate to presume that the company will continue in business. The Board of Trustees Is responsible for keeping proper accounting records, 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 Companies Act 2006. It is also responsible for safeguarding the assets of the charitable company and hen for tsklng 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 or that information. AUDITORS haysmacintyre LLP have been aptxjinted by the Trustees as auditors and have signified thelr willingness to continue in offi, This report was approved by the Trustees on 5 September 2024 and signed on behalf of the Board Shindler alr 2211'agic
RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF RENNIE GROVE HOSPICE CARE Opinion We have audited the financial statements of Rennie Grove Hospice Care for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a Summary of sigr)ificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 The Finanaal Reporting Standardapplicable in the UKandRepub/ic ofIreland(United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of the 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 ACpted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial ststements section of our reFK)rt. 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 evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting IN the preparation of the Financial statements is appropriate. Based on the work we have performed, we have not identified any material UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for i55ue. Our responsibilities and the responsibilities of the twstees with respect to going concern are described in the relevant sertions of this report. Other informatlon The trustees are responsible for the other information. The other information comprises the information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
RENNIE GROVE HOSPICE CARE INDEPENDENT AUDJTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 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 obtsined in the audit or othetwise appears to be materially 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 misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the CompaniesAct2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report (which includes the strategic report and the direttors, report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial ststements,. 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 report byexception In the light of the knowledge and understanding of the Group and the parent charitable company and its environment 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 directors, 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 companyi or the parent charitable company financial statements are not in agreement with the accounting records and returns. or rtain disclosures of tru5tees' 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 flnanaal statements As explained more fully in the Trustees, responsibilities ststement {set out on page 22), the Trustees {who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees detemine is nessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going conrn and using the going conrn basis of accounting unless the trustees either intend to liquidate the charitable company or to ase operations, or have no realistic alternative but to do so. Audltors responsibilities for the audit of the Inanaal statements Our objectives are to obtain reasonable assuran about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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
RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 or in the aggregate, they could reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. 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 procedure5 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-complian with laws and regulations related to the Fundraising Regulator and Care Quality Commission (CQC), and we considered the extent to which non-complian might have a material effect 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, FRS102, Charities Statement of Recommended Practice (SORP) and payroll tsx. We evaluated management's incentives and OPFKJrtunities for fraudulent manipulation of the financial statements {including the risk of override of controls), and determined that the principal risks were related to POSting of inappropriate journal entries and management bos in rtain accounting estimates. Audit procedu performed by the engagement tearn included.. Inspecting correspondence with regulators and tax authorities. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Evaluating management's controls designed to prevent and detett irregularities; Identifying and testing journals, in particular postings by unusual users or with unusual descriptions. and Challenging assumptions and judgernents made by management in their critKal accounting estimates Because of the inherent limitations of an audit, there is a risk that we will not detect all Irregularities, induding 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 ffinancial statements, as we will be less likely to become aware of instance5 of non-complian. The risk is also greater regarding irregularities Ixcurring 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.. .frc.or auditorsres onsibilities. This description forms part of our auditor's report.
RENNIE GROVE HOSPICE CARE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Use of our report This report is made solely to the charitable company's members, as a bodyi in accordance with 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 Auditorfs 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 B trx)dy, 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 Pla London EC4R IAG Date- 19th September2024 2611)agc
RENNIE GROVE HOSPICE CARE STATEMENT OF FINANCIAL AcrivrriES (Incorporatlng the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds £'ooo £'ooo 2024 Total £'ooo 2023 Total £'ooo Notes INCOME: Donatlon5 and legacies Charitable activitie5 other tradlng athvities other income Interest cved 2,101 2,464 2,434 448 219 253 386 2,354 2,850 2,435 448 228 3,327 2,629 3,540 559 73 Total income 7,666 649 8,315 10,128 EXPENDITURE: Raising funds Charltable activities Donation5 to RGP 2,399 2,123 13,942 56 332 2,455 2,455 13,942 4,182 5,647 21 Total expenditure 18,464 368 18,852 9,829 Loss on investment property Net gains/(1055es) on investments 13 14 {30) (301 272 (ioo) (174) (8) Net incomel(loss) (10,548) 253 (10,295) 25 Transfers between funds Net movement in funds,. (10,5481 253 110,295) 25 nds at beglnnlng of year 12,440 2,485 14,925 14,900 Funds at end of year 1,892 2,738 4,630 14,925 The notes on pages 30 to 48 form part of these finandal statements. The Statement of Financial Activities includes all galns and los*s recognised In the year. All amounts derive from continuing activities. Full comparative figures for the year ended 31 March 2023 are shown In note 25. 2711)age
RENNIE GROVE HOSPICE CARE BALANCE SHEET AS AT 31 MARCH 2024 2024 £'ooo 2023 £'ooo Notes FIXED ASSETS Tanglble fixed assets Investment property Investments 12 13 14 2,014 1,120 485 2,078 1,150 3,759 3,619 6,987 CURRENT ASSETS Debtors Cash at bank and in hand 15 866 600 2,808 6,250 1,466 9,058 CREDITORS: amountsfalllng due within one year 16 (455) {1,1201 NEf CURRENT ASSErs I,oii 7,938 NET ASSETS 4,630 14,925 FUNDS UNRESTRIcfED FUNDS General rerve Designated funds 627 1,265 10,252 2,188 TOTAL uNRESTRlED FUNDS 18 1,892 12,440 RESTRICTED FUNDS IB 2,738 2,485 TOTAL FUNDS 18 4,630 14,925 The notes on pages 30 to 48 form part of these financkl statements. The financial statements were approved and authorised for issue by the Board of Trustees on 5 September 2024 a fje signed on its behalf by.. Drje Chair v Shlndler Wroe stee
RENNIE GROVE HOSPICE CARE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 £'ooo 2023 £'ooo Cash generated by operating activitie5 24 (5,873) 1,290 Cash flows from inVesn9 activities Interest received Purchase of tanglble fixed aSts Disposal of tangible fixed assets PredS from sale of investments 227 (30} 16 io 73 {149) Cash (used in)Iprovlded by investing artlvltles 223 {67) Increasel{Decrease) in cash and cash equivalents in the year (5,650) 1,223 Cash and cash equiwalents at the beginning of the year 6,250 5,027 TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 600 6,250 The note5 on pages 30 to 48 form part of these flnancial statements. Cash at bank at 31 March 2024 and 2023 includes £nll and £2 million, Spethvdy, of fixed term deposits wth maturity in eXs5 of 3 month5. There wa5 no debt during 2024 or at 31 March 2024 (2023.. £nil). 29 | 1) <1 L
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES In these financial statements, "RG" and "the Charlty" refers to Rennie Grove Hospi Care. Referen to 2024 refer to the year ended 31 March 2024. Basis of preparation The finanaal statements have been prepared In accordance with Accounting and Reporting by Charitie5: Statement of Recommended practi applicabEe to charitie5 preparlng their accounts in accordan with the Finanaal Reporting Standard apICable in the UK and Republic of Ireland IFRS 1021 (second edition effettive l January 2019) - {Charitie5 SORP (FRS 102)), the Financial Reporting Stsndard appITre in the UK and Republic of Ireland IFRS 1021 and the Companies Art 2006. RG meets the definition of a wblic benefit entity under FRS 102. sets and liabilities are initially recogni5ed at historical cost or transaction value unless Otherwise stated in the relevant accounting policy notelsl. The presentation currencrf is pounds sterliThJ. Business combinatlon RG became a 100% subsidiary of tts holding company Rennie (kn Peace Hosp1 Care C'Rennle Grove Peace" or"RGP"I during 2023 and RG'S financial 5tstements are incorporated Into the consolidated financial ststements of the Rennie Grove pea Group. Company status The Charity is a prlvate company limited by guarantee without share catxtal, Inir)rporated In England a Wales (company number.. 74799301 and a charity registered in England and Wales (charity number: 1140386}. The Charitvs registered address is Grove House, Waverley Road, St Albans, Hertf(Ydshire AL3 5QX. •• Preparation of accounts on a going concern basls The Trustees consider there are no material uncertainties about the Charlty's ability to continue as a going concern. Our financial position, funds levels and futu plans gives the Trustee5 Confiden t Charity remains a golng conrn for the foreseeable future. Basls of presentation Rennie Grove Hospice ca Is the parent company of St Alban5 and Dacorum Day Hospi I"SA&D"I, The lain Rennie Hospi at Home I"IRHH"l and lain Rennie HospKe Services Mited ("IRHS'?. Detai15 of the individual subsidiary results are gwen in rK)te 20. Rennie Grove Hospi Care has tsken advantage of the exemption awailable In Companies Art Sectton 400 not lo prepare consolldated accounts as it is an intermediate parent and a wholly owned subsidiary of Rennie Grove Peace Hospice Care. Group accounts are prepared by Rennie Grove pea Hospi Care. 30IPLlgic
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES (CONTINUED) The principal accounting policies adopted, judgements and key sources of estimation uncertalnty In the preparation of the financial statements are as follow5.. Income recognltion All income is recognised On the Charity ha5 entitlement to income, it is probable that income wlll be recelved, and the amount of income receivable can be measured reliably. Donations and legacies Donations and gifts are included in full in the Statement of Financial Activities when there is entitlement, probability of reipt and the amount of income recelvable can be measured reliably. Donations are acix)unted for on a recelved bass. Legaoes are recognised on a receivabie basls, when the conditions of entleMent, probability and measurement are rnet. Where the probèbility andlor measurement criteria for legacies and donations are not sats'sfied a5 at the balan sheet date but subsequent events resolve the uncertalnty such that the criteria are met, an adjustment is made to ognise the income. Gifts in kind Gifts in kind represent assets donated for distribution or u* by the Charity. A55ets given for dlstrlbution are recognised as income only when distributed. Assets given for use by the Charity are recognlsed when re1Vable. Gifts in kind are valued at the amount actually realised from the disposal Df the assets or at the prlce the Charity would otherwise have paid for the assets. Grants Grants SnclLJding Government Grants are recognlsed in full in the statement of financial actiwties in the year in which the Charity has entillement to the income, the amount of income receivable can L measured relbably and there Is probabllbty of reIPt. Income from charltable activities Income from charitable activities is recogn15ed as earned as the lated servi5 are prowded. Income from other trading activities is recognlsed a5 earned a5 the related goods are provided. Goods donated for sale are Included in the financial statements a5 income when they are 501d. Investment income Investment income is recognised on a re1vable basls once the amounts can be measured reliably. Expenditure Expenditure is reCognid On there is a legal or construthve obligation to make a payment to a third paity, it is probable that setuement will be required, and the amount of the obligation can be measured reliably. Expendlture is dassified under the following attivity headings.. Costs of raising funds comprSse5 the costs associated with attracting voluntary income and the costs of events and the administration of the Charity shops. Expendbture on charitable activities comprises those costs incurred by the Charity in the delivery of its activities and servlces to its benefiaaries. Expendlture is allocated to the particular activity where the cost relate5 direLtly to that activity. Support Costs comprise those costs which are necessary to the delivery of Hospi servitrs while not being part of the dirert costs and Include governan costs, finance, human resources, rt and office costs. Support costs are allcKated to each of the artlvities on the ft)Ilowing basls.. premlse5 ovetheads have been allocated on a flth)r area basis and Dther overheads on the basis of staff numbers. 31 | P<1 L> e
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES (CONTINUED) Irrecoverable VAT is charged as a cost against the activity for whlch the expenditure was incurred. Operating leases Rental charge5 are re(wnised over the period of whlch the lease payment fa115 due. Taxation The Charity is considered to pass the tests set out In paragraph I Schedule 6 of the Finance Art 2010 and therefore it meets the definIon of a charitsble company for UK corporation tax purposes. Accordingly, the Charity is Potentially exempt from taxation In SpeCt of income or capital gains recelved within categories covered by Chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of the Chargeable Gain5 Act 1992, to the extent that such income or gain5 are applied exclusively tr) charitable purposes. Tanglble Fixed assets Tangible Fixed assets are stated at cost or deemed cost (donated valuatlon at estimated fair value} le55 accumulated depreaation arKi impaimient losse5. Assets costing tFiore than £10,000 are capitalised. Depreclatlon is calculated to write off the costs of the fixed asset by equal instalments as follows, all stralght line.. Freehold land Freehold bulldings Car park Leasehold property Leasehold improvements Motor vehides Fixture5 and fittings Tools and equipment 00 over 50 years from the date of first use over 10 years from the date of first Use over the term of the lease over the term of the lease 25% - 33% straight line 20% straight line 25% 33% straight line Investment Property Investment propety is freehold buiklings whlch are not expected to be used In the operation5 of the Charity or its sub5idlaries. Typically, they are held for value appreciatlon or to provide a rental Income. Investment properties are shown at market value at the balan sheet date. Investments Investments are a form of basic financlal Instrument and are Initially shown in the financial statements at market value. Movements in the market values of Investments are shown as unrealised gains and losses in the Statement of Financlal Activities. Profits and losses on the sale of investments are shown as reallsed gains and105se5 in the Statement of Financial Activitie5. Realised gains and losses on investments are rdlculated as the difference between sales proceeds and thelr opening carry5ng valLJes or thelr purchase value if acquired subsequent to the first day of the finanaal year. Unreolised gain5 and losses are calculated as the difference between the fair value at year end and their opening carrying value. Reallsed and unrealised investment gain5 and I(Is5es are combined In the Statement of Financial Actiwtles. 321 Ptig)¢
RENNXE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLXCIES (CONTINUED) Financial instruments The Charity only has financial assets and finandal liabilities of a kind that qualify as basic finanoal Instruments. Basic financial instruments are initially recognised at tranCtIOn value and subsequendy measured at their setNement value with the exception of bank loans whl(h are 5ubsequenUy measured at amortised cost using the effettive interest rate rnethod. stock Bought in stock is valued at the lower of cost and net realisable value. Net realisable value15 based upon e5bmated selling Pri less further costs expetted to be incurred to completion and disposal. A provision Is made for obsolete and slow-moving item5. The Trustees have conduded and agreed that the valuing of shops donated gcods for resale on recelpt is impractical due tr) the high volume of low value items, lack of stock systerll for recording these items and the administratlve cost involved. Instead, the Income is reccMJni5ed in the accounts when these goods are sold. Debtors Trade and other debt¢)rs are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash at bank and in hand sh at bank and cash in hand indudes (Ash and short term highly Ilquid investments. Creditors and provisions Creditor5 and prov15ions are recognised where the Charity has a present obllgation resultlng from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provi5ion5 are normally recognlsed at their Settlement amount after allowing for any trade discounts due. Funds The General reserve comprlses the accumulated surplu5e5 of unrestricted incomlng resources over resour5 expendEYJ, which afft available for use in fvrtheranTr of the general objective of the Charity at the discretion of the Trustees. CapSts1 expenditure 15 reflected as a transfer from the General SerVe to the Fixed asset fund. Designated funds are unrestricted funds earmarked by the Trustees fc* spending on new trY)5pice projects. Restricted funds are funds subjert to specific conditions Imposed by donors. The purposes and uses of the principal restricted funds are set out in the notes to the actt)unts. Amount5 Ljnspent at the year-end are carried forward In the balance sheet. Employee benefits Short term benefits including holiday pay are recognised as an expense in the peritKI in which the Servi Ls received. Termlnation benefits are accounted for on an accrual ba515 in Ilne with FRS 102.
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES (CONTINUED) Pension $cheme During the year, the Charity has contributed to a defined contribution pension scheme. It has also contributed to the NHS penslon scheme and to a money purchase scheme with guaranteed benefits. Charges are made to the Statement of Flnancial Artivities as contributions fall due. More details are given in note 17. Estimates and Judgements Estimates and judgements are contlnually evaluated and are ba*d on historical experience and other factors, including expectations of future event5 that are believed to be reasonable under the drcvmstances. Although these estimates are based on management's best knowledge of the amount, events or actions, artual results ultimately differ from those estimates. There aren't any aa5 that the trustees consider to be significant jkjdgements or sour5 of estimation UnrtaInty. INCOME FROM DONATIONS AND LEGACIES (2024) Unrestricted funds £'ooo Restrlcted funds £'ooo 2024 Total £'ooo Legacie5 Donations Intercompany donaUons 397 1,041 663 397 1,294 663 253 Totsl donatlons and legacies 2,101 253 2,354 INCOME FROM DONATIONS AND LEGACIES (2023) Unrestricted funds £'ooo Restricted funds £'ooo 2023 Total £'ooo Legacles Donations Intercompany donations 1,304 1,740 105 1,304 1,918 105 178 Total donations and legacies 3,149 178 3,327 INCOME FROM CHARrrABLE A1VITIEs {2024) Unrestricted funds £'ooo Restricted funds £'ooo 2024 Total £'ooo NHS funding from ICBS Rapid Personalised Care Pepper Foundationl NHS England 1,089 1,375 1,089 1,375 386 386 Total charitable actlvltles 2,464 386 2,850
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AIVITIEs (2023) Unrestrlcted funds £'ooo 1,051 1,152 Restrlcted funds £'ooo 2023 Total £'ooo 1,051 1,152 426 NHS funding from ICBS Rapid Personalised Care Service Pepper Foundationl NHS England 426 Total charitable actlvities 2,203 426 2,629 4. INCOME FROM OTHER TRADING ACTivrrIES {2024) Unrestricted funds £'ooo Restricted funds £'ooo 2024 Total £'ooo Events Retsil trading 286 2,148 287 2,148 Total other trading artivitles 2,434 2,435 INCOME FROM OTHER TRADING AcfIvITIES (2023) Unrestrlcted funds £'ooo Restrlcted funds £'ooo 2023 Total £'ooo Events Retail trading 536 3,000 540 3,000 Total other trading activities 3,536 3,540 OTHER INCOME (2024) Unrestricted funds £'ooo Restricted funds £'ooo 2024 Total £'ooo Hospi Lottery Partnership other income 400 48 Totsl other income 448 448 OTHER INCOME (2023) Unrestrlcted funds £'aoo Restrlcted funds £'ooo 2023 Total £'ooo Hosp1 Lottery Partnership Other Income 400 159 400 159 Total other Income 559 559 351 Paiie
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE (2024) Dlrect staff Dlrect other Allocated costs costs SUPPOrt costs £'ooo £'ooo £'ooo 168 201 ioi 328 1,349 308 2024 Total £'ooo 470 1,985 Costs of raislng donations and legacies Costs of trading and fundraising Ralslng funds 496 1,550 409 2,455 Charitable actiwties 1,457 444 554 2,455 1,953 1.994 963 4,910 EXPENDITURE (2023) Direct staff costs £'ooo 652 1,282 Direct other Allocated costs SUPPOrt Costs £'o( £'ooo 237 158 1,471 382 2023 Total £'ooo 1,047 3,135 Costs of raising donatlons and legades Costs of tradirvJ and fundraisng Ralsing funds 1,934 1,708 540 4,182 Charitable attivitie5 4,332 626 689 5,647 6,266 2,334 1,229 9,829 Induded in the 2024 DireLt staff costs are agency staff costs of E274k {2023- £275k). Included the 2024 AllcKated siJPtxJrt Costs are Direct staff costs of £333k {2023- £842) of which £5k 12023.. Enil) relate5 tr) agency staff. ANALYSIS OF SUPPORT COSTS (2024) 2024 Total £'ooo ioi Management £'ooo Finance £'ooo 19 Resources Governance £'ooo É'ooo 55 22 Costs of ral%ng donation5 and legacies Q)sts of trading and fundraising (haritable activities 16 29 58 104 168 302 66 119 308 554 50 181 525 207 963 ANALYSIS OF SUPPORT COSTS (2023) 2023 Total £'ooo Management £'ooo Flnance £'ooo Resources Governance É'ooo £'ooo Costs of raising donations and gaaes Costs of tradlng and fundrnising Charftable artivities 23 57 L02 33 92 222 401 io 23 43 158 382 689 143 182 256 715 76 L,229 361 PJgie
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF SUPPORT COSTS (2024) GOVERNANCE COSTS INCLUDE 2024 £'ooo 2023 É'ooo Insuran Legal fees Professional fees Auditor's reMuneraon. Audit work other *rvl 192 43 21 207 76 NET INCOME 2024 £'ooo 2023 £'ooo Net Income is stated after.. Auditors, rernuneration Audit services Other services Operatlng lease renta15 Land and bulldlngs Depreciailon 21 672 78 673 STAFF COSTS 2024 Number 2023 Number The average monthly number of employees of the Charity for the period of I April 2023 to 30 June 202312023.. for the year) was.. 168 166 Employment costs in re5pert of the staff for the period of l April to 30 June 2023 (2023., for the year) were: 2024 2023 £'ooo £'ooo Wages and salaries National insurance Pensions other employee related costs 1,592 137 108 170 5,612 534 361 326 2,007 6,833 AII RG employees and obligations relatbng to pension plans (with the eXptIon of The Penslons Trust Growth Plan) were transferred to RGP effective l July 2023 in line with the Transfer of Undertakings (Protertion of Employment) Regulations 2006. Redundancy payments of £nil were made In 2024 {2023.' £5k). 371 P
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STAFF cosrs (CONTINUED) Due to the transfer of all employee5 to RGP effective l July 2024, no employee emoluments for the 3- month period of l April to 30 June 2023 were above £60,000 and therefore no employee numbers are included in the table below ft)r 2024. The number of employees whose emolLJments, exduding employer's pensbon contributlons and employer's national Insuran contributions, were over £60,000 during 2023 was.. 2024 Number 2023 Number £60,001- £70,000 £70,001 to £80,000 £80,001 to £90,000 £90,001 to £lOO,000 £ioo,000 to £110,000 £120,001 to E130,000 In 2023, penslon contributions for the five employee5 noted above amounted to £29k. The totsl employee benefits of the key management personnel of the Charity for the period of l Aprll 2023 to 30 June 2023 (2023.. for the year) was £125k12023'. £573). 10. TRUSTEE REMUNEIiATION The TrLJStees did not re1ve any remuneration durlng the year {2023.' £nil). The Trustees were not reimbursed any travel costs during the year (2023: £nill. 11. TAXATION The Charity is exempt from corporation tax a5 all its income is charitable and Is applied for charitable purtK)ses. 12. TANGIBLE FIXED ASSETS Leasehold improve- Flxtures and Tools and ments rittings equipment É'ooo É'ooo £'ooo Land and buildings £'ooo Motor vehicles £'ooo Total £'ooo Cost At l April 2023 Additions Disposals Transfer 1,919 30L 232 85 3,005 30 21 30 21 At 31 March 2024 1,919 301 232 3,013 Depreciation At l April 2023 Charge for the year Retire Assets 22 27 263 232 362 33 48 io 927 78 At 31 March 2024 49 271 232 395 53 1,000 Net book value At 31 Marth 2024 1,870 30 103 io 2,OL3 At 31 March 2023 1,897 38 106 37 2,078
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. INVESTMENT PROPERTY 2024 2023 £'ooo £'ooo Market valuatlon At l April Addition5 Disposals Gainsl(10sses) on revaluation 1,150 1,250 130) {ioo) At 31 Marth 1,120 1,150 Following a legacy notification received in May 2021, a propety was transferred into RG ownershlp In luly 2022. The estimated tnarket value at the date ownership transferred to the Charity was £1,250k. The value of the property was adjusted at eath year end based on a ft)mial apprai1 performed as of 31 March 2024 and 31 March 2023, respectively. 3911'agyL
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. INVESTMENTS 2024 £'ooo 2023 £'ooo sted investment5 Unlisted investments 226 259 3,500 259 3,759 Listed Investments: 2024 £'ooo 2023 £'ooo Market valuation At l April Additions Disposals Donation to RGP Gains/(losses) on investments 3,500 3,683 (io) (3,5361 272 (8) {175) At 31 March 226 3,500 Histori(31 cost of listed investments 219 3,370 Llsted investments: During 2024, £3,536k of medlum-term Investments held by RG in the Bardays Charity Investment Fijnd were donated to RGP. The balance In this fund at 31 March 2023 was £3,266k. In addition, RG owns 219,015 UK Government tnnds which were donated to RG by The Nurses Cottage Trust when thi5 charlty was closed. These bond5 are valued at £226k at 31 March 2024 (2023.. £234k). Unlisted investments: RG owns 28 shaS of £1 nominal value eath in The Hospice Lottery Partnershlp rnited, a company ristered in England and Wales carrying out fundraisiro aclivlty. The investments are induded in the finanoal statements at cost. Each part1cipating hospice has a representative on The Hospice Lottery Partnership board. During the year tr) 31 Narch 2024, the Hospice Lottery Partnership Limited made donations to the Charity totalllng £400k (2023: £400kl- As of 31 Mard) 2024, £nll was due to the Charity from The Hospice Lottery Partnership {2023.' £nil). 401 Pcibe
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. DEBTORS 2024 £'ooo 2023 £'ooo Trade debtors Income tax recoverable PpayMents and accrued legacy income Other debtors Intercompany debtors VAT 37 2,668 370 288 135 71 103 2,808 16. CREDITORS: amounts falling due within one year 2024 £'ooo 2023 £'ooo Trade creditors Taxation and social 5ecurlty Pensions Accruals and deferred income (see below) 230 345 57 716 223 455 1,120 AccnJa15 and deferred income include deferred Income as fdlow5.' 2024 £'ooo 2023 £'ooo At l April Amounts deferred in the year Amounts released In the year 492 43 (492) 475 492 14751 At 31 March 43 492 41 |Pa
RENNJE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 17. PENSION COMMThMENTS During the year, RG contributed to three pen5K)n scheme5 on behalf of its eMoYees. The NHS Penson Scheme The Pen510ns Trust Growth Plan The Standard Life defined contribution scheme Contrlbutlons to each scheme are charged to the Ststement of Financlal Actiwtie5 as they alise. The NHS Pension Scheme Hosp1 staff who were memtrEr5 of the National Health SeNice Penslon Scheme are allowed to continLJe their membershlp while employed by the Charity. Contribution5 are made by both employee and employer. As this is a multi-employer scheme, it is not possible to identify any one institutlon's share of the underlying liabilities. The Scheme is therefore accounted for as a defined contribijtion scheme arKI contributions are accounted for as they fall due. The Scheme accounts can be viewed on the NHS Pension Agen0/ webste at www.nhsb5a.nhs.uk or obtained from The Stationery Office. The Charlty's current employer contribution rate was 14.38% of a total amount of 20.68% for which the remalning part 6.3% is met by the Department of Health. The rate is set on the advi of the Government Actuary. The obligations under the NHS Pension Scheme were transferred to RGP In 2024 and therefore there are £nll contributions outstanding at 31 March 2024 (2023.. £15k). The Pensions Trust Growth Plan Several RG employees belong to a money purd)ase scheme with guaranteed benefits. Contributions are made by both employee and employer in accordance with the rules of the scheme. As this 15 a muSti-employer scheme, It Is not possible to identify any one institution's share of underlying assets and liabilities. The scheme is therefore accounted fcK as a defined contribution scheme and contritxjtions are accounted for as they fall due. A defiat was identified and a ten-year deficit reductlon plan has been agreed, into which the Charity pays a sum of EH per annum. The most recent estimate as at 30 September 2022 shows that a liability of £21k would arise if RG withdrew from the Plan {2023'. £21k). This liability has been provided for In the finanual statements. £2k in penslon contributions were outstanding at 31 March 202412023.. £2kl. The Standard Life Scheme For other RG staff, the Charity provldes a defined contribution scheme operated by Slandard Life. Contributions are made by tx)th employer and employee in accordan with the rules of the scheme. The Standard fe Scherne was transferred to RGP In 2024 and therefore there are £nil contributions outstanding at 31 March 2024 {2023'. £40k). 4211'dgJe
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. FUNDS (2024) At l April 2023 £'ooo Galns, losses and At31 transfers March 2024 £'ooo £'ooo Income Expendlture £'ooo £'ooo Unrestrirted funds General reserve 10,252 7,666 (18,307) 1,016 627 Designated funds Investment property fund Fixed asset fund Capitsl programme fund Merger itnplementation fund Strategic initiatives fund 1,150 182 500 106 250 {30) 14 (5001 1,120 145 {51) (106) {250) Total unrestricted funds 12,440 7,666 {18,4641 250 1,892 Restricted funds Property fund Pepper Foundation/NHS Nurses Cottage Fund The Shaw tharitsble Trust Hospice UK grants Other restricted funds 1,897 (27} (1811 {9) 1,870 205 226 197 386 234 (8) 197 285 69 (871 184) 57 42 Total restrlcted funds 2,485 649 {388) (8} 2,738 Total funds 14,925 8,315 (18,852) 242 4,630 43 | P L
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. FUNDS (2023) Gains, losses and At31 transfers March 2023 £'ooo £'ooo At l April 2022 £'ooo Income Expenditure £'ooo £'ooo Unrestricted funds General reserve 11,750 9,511 {9,134) (1,875) 10,252 Designated funds Investment property fund Flxed asset fund Building refurbishment Digital transfomi3tion Capital programme fund Merger Implementation fund Strategic initiatives fund 1,150 149 1300) (5001 500 106 250 1,150 182 90 300 500 1571 500 106 250 Total unrestricted funds 12,640 9,511 (9,1911 (520) 12,440 Restricted funds Property fund Pepper FoundationlNHS Nurses Cottage Fund Hospi UK Grants Other restricted funds 1,924 (27) 1426) {91 L,897 426 273 (39) 285 234 285 69 63 L82 (176) Total restrlrted funds 2,260 617 1638) 246 2,485 Total funds 14,9)0 10,128 (9,829) {274) 14,925 DESIGNATED FUNDS In conjunction with the Trustee5 of RGP, the Trustee5 have designated rtain unrestricted funds to known and expected projects whlth are experted to be carried out Dver the short and medium terms and whlch are considered essential to enS{J the successful delivery of the Group's strategie5. During the year, the Trustees have carried out a review of the designated unrestricted funds to ensure these are aligned with RGP'S plans and these plans are adequately but not excessively funded. The following designated unrestrfcted funds are held by RG at 31 March 2024 and 2023: Investment property fund Flnances a donated property held for Its capital appreciation and rental stream and not used in the day-to-day operations of Rennie Grove. Fixed asset fund Represents the net btK)k value of fixed assets other than priyerty. Capital programme fund Capital projects identified for the strategic plannlng per1. Merger implementation fund Represented by key projects nesSary to SucsSfUlLY imklement the meroer. strategic initiatives fund Initiatives identified by the Executive Board, and SUp[rted by the Trustees, to 5UPPDrt clinical and operational plans to progress the Charity's strategy. 4411'dgiL
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. FUNDS {CONTINUED} RESTRIcfED FUNDS Restritted funds are subiert to speafic requirwnents defined by RG'S donors. Propeity Fund The Propety fund preSentS the Grove House premises which is a leasehold propety subjett to a lease from the Dertment of Health for 99 years from 1991. The construction and subsequent exlensbns of the premises have been finalld mainly from grants and donation5 made for these specific purposes. Pepper FoundationlNHS The Pepper FoLJndation and Department of Health fund5 are received towards the Salaries and exnge$ of the paedialric Hospitr at HThne team and the family supw)rt se$. Nurses Cottage Fund In May 2018, RG reiVed a donation from The Nurses Cottage Trust consisting of treasury stock aTh cash. The balance consists of the treasury stock whichts adjusted to market value at each year end. The Trustees have approved the use of any earn8J Interest on clinical care in the Great Missenden and Pre5twd areas. The Shaw Charitable Trust This donah.on was made to enable the enhanment of IT systems. Hospice UK Grants For collaboration and data anatyb'cs projetts. Other Restricted Funds Other restrlcted funds consist of smaller grants and donations given for sperific purposes or wojects. TRANSFERS During the year, £nll was transferred from the General reserve to Restricted funds {2023: £285k). The Capital programme fund of £500k and Strategic initiats'ves fund of £250k will now be spent by RGP and therefore have been undesignated in 2024 by RG and designated by RGP.
RENNIE GROVE HOSPXCE CARE NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 19. ANALYSIS OF NET ASSETS BY FUNDS (2024) Unrestricted funds £'ooo Restricted funds £'ooo 2024 Total £'ooo Tarolble fixed ats Investment proFety Investments other net as5et5 145 1,120 259 386 1,869 2,014 1,120 485 I,oii 226 643 Total net assets 1,892 2.738 4,630 ANALYSIS OF Nrr ASSETS BY FUNDS (2023) Unrestricted funds £'ooo RestrSrted funds £'ooo 2023 Total £'ooo Tangible fixed assets Investment property Invesiments Other nel a55ets 181 1,150 3,525 7,584 1,897 2,078 1,150 3,759 7,938 234 354 Totsl net assets 12,440 2,485 14,925 20. SUBSIDIARY UNDERTAKINGS RG owns 100% of the share capital of three sub5idiarie5, which are all Incorwrated in Engkind and Wales. The results for the year to 31 March 2024 and the assets and liaExllties at thls date are.. Income £'ooo Expenditure £'ooo Net funds £'ooo St Albans and Dacorum Day Hospi Company number.. 2609260 Clk4rity number.. 1003462 The lain Rennie Hospice at Home Company number.. 2199373 Charlty number.. 297847 lain Rennie Hospitt se1$ Ltd. Company nutnber.. 03068254 IIOD% owr*dl 30 (30) IIOO% owtEdl 33 (401 521 (100% owned) 212 (105) 59 21. RELATED PARTY TRANSAcfioNS RG ha5 three subsidiaries detailed in note 20 above. During the year, RG received cash donations of £30k (2023.. £nill from SA&D, E33k {2023'. £nil) from IRHH and £nil (2023.. £105kl from IRHS. RG also r1Ved cash donations of £600k (2023.. £nil) from PeaTr H05pice Care la group company). Durlng the year, E3.5 million (2023.. £nill of investments held by RG were donated to RGP. Cash of £10.5 mllllon (2023.. £nil) was also donated by RG to RGP. A5 at 31 March 2024, RGP owed £126k to RG12023: £nill,' SA&D owed £2k to RG {2023.' £3k owed from RG)- IRHH owed £7k to RG {2023'. £2kl,' and IRHS owed £nil to RG {2023.' £L04k). 46 | 1>12 L) e
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 22. FINANCIAL COMMITMENTS As at 31 March 2024 the Charity was committed tr) makir¥J the folk)wSng payments under rKjn-IznIIab1e operats'ng lease5'. Land and buildlngs 2024 2023 £'ooo £'ooo Expiry date.. within one year Between one and yea Between tsvo and five years In over fwe years 660 561 1,108 915 599 531 1,436 508 3,244 3,074 23. ULTIMATE PARENT UNDERTAKING The ultimate holding company of RG is Rennie Grove pea Hospice CarE. Group finanoal statements for Rennie Grove Pea Hospice Care are available to the public from Companies House, Crown Way, Cardiff payment of the apwopriate fee. 24. NOTES TO THE CASHFLOW STATEMEMr 2024 £'ooo 2023 £'oDo Reconcillatlon of changes in resources to net cash inflowl(outflow) from operating activities Net income for the year Adjustments for.. Doa'On of investments to RGP Receipt of donated propety DepcIatIon of tanglble fixed assets (Gainsl1losses on investment propety Unrealised {gain5)/losses on investments Interest reiVed Realised {gains)/losses on investments Ilncreaselldecrease in siod {Incre3se)/decrease in debtors Increa5e/(cÈcrea) In creditors {10,295) 25 3,536 (1,250) 78 30 {48) (228) (225) loo 175 {731 1,942 {6641 2,218 12 Cash generated by operating actiMts (5,873) 1,290
RENNIE GROVE HOSPICE CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 25. COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIES (2023): Unrestricted Funds £'ooo Restricted Funds £'ooo Total 2023 £'ooo Notes INCOME: DonatiOll5 and legacies Charitable activities other trading acbvitie5 Other income Interest received 3,149 2,203 3,536 559 64 178 426 3,327 2,629 3,540 559 73 Total income 9,511 617 10,128 EXPENDITURE: Raising funds Charitable actlvitles 4,182 5,009 4,182 5,647 638 Total expenditure 9,191 638 9,829 Loss on investment property Net gainsl(lossesl on investments 12 {ioo) 1135) (loo} {174) (39) Net income/(loss) 85 (60) 25 Transfers between funds (285) 285 other recognised gainsl{losses} Net movement in fund$ FurKls at beginning of year 1200) 12,640 225 2,260 25 14,900 Funds at end of year 12,440 2,485 14,925