THE IAIN RENNIE HOSPICEATHOME TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 Reglstered Company Number2199373 Reglstered Charity Number: 297847
CONTENTS Page Administrative details Trustees, report Independent auditors, report Statement of financial activities Balance Sheet io statementofcash flows li Notes to the financial statements 12 IIPage
THE IAIN RENNIE HOSPICEAT HOME ADMINISTRATIVE DETAILS Charlty Name The lain Rennie Hospice at Home Charlty Number 297847 Company Number 2199373 Registered Office Grove House Waverley Road st Alban5 Hertfordshire, AL3 5QX Trustoos MrJ Wroe Mr R Russell-Hogg Auditors Haysmac LLP 10 Queen Street Place London, EC4R IAG Bankers Barclays Bank plc Public Sector team Level 11 I Churchill Place London E145HP Sollcltors Sherrards Sollcitors 4 Beaconsfield Road StAlbans ALI 3RD 21Page
THE IAIN RENNIE HOSPICE AT HOME TRUSTEES'ANNUAL REPORT FOR THEYEAR ENDED 31 MARCH 2025 The Board of Trustees presents its report and accounts forthe year ended 31 March 2025 which comply with the requirements of the Companies Act 2006. the Charities Statement of Recommended Practice ISORPI and the Charities Act 2011. VISION The lain Rennie Hospice at Home IIRHHI passionately believes that every adult and child with advanced progressive. life-limiting illness deserves and should receive the care they need to live as fully as possible at home or wherever they choose to be, to the very end of their life. THE IAIN RENNIE HOSPICE AT HOME On 25 January 2023, Rennie Grove Peace Hospice Care (Rennie Grove Peacel acquired ownership of Rennie Grove Hospice Care IRGI and Peace Hospice Care IPHI by way of transfer of ownership from the respective members of RG and PH to Rennie Grove Peace for nil consideration. Rennie Grove Peace is a member owned charity, and its sole members are its Trustees. Accordingly, Rennie Grove Peace became the ultimate holding company of IRHH. OBJECTIVES AND ACTIVITIES Charitable Objects IRHH'S charitable purposes are set out in the objects contained in the company's Memorandum of Association. In Section 3, the objects are defined as'the relief of sickness, and this object 15 further defined in relation to the charitable purposes through a further serie5 of more detailed objects. The objects all support the charity's purpose which is the provision of a specialist palliative nursing care service to patients with life limiting illness. Organlsation and Structure The charitable company is a company limited by guarantee and a registered charity. It is established under a Memorandum of Association which Sets out the objects and powers of the charitable company and is governed under its Articles of Association. IRHH is a wholly owned subsidiary of Rennie Grove Peace company limited by guarantee Icompany number 143556101 and a registered charity (charity number 12017131. Members of the Board of Trustees of IRHH are appointed from amongst the Rennie Grove Peace Trustees. All Trustees undergo a period of formal induction and orientation with the organisation. 31Pago
THE IAIN RENNIE HOSPICE AT HOME TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Governance IRHH is led and controlled by a Board of Trustees which collectively ensure5 delivery of its objectives, sets its strategic direction and upholds its values. The Board of Trustees is collectively responsible and accountable for ensuring and monitoring that the organisation is performing well, is solvent, and complies with all its obligations. ACTIVITIES IN THE YEAR Most of the activitie5 of IRHH have now been transferred to Rennie Grove Peace or RG. Full details of the activities of the Rennie Grove Peace Group are in the consolidated financial statement5 of Rennie Grove Peace. The activity of the Rennie Grove Peace Group continued to be the provision of a compassionate and responsive patient centred service around the needs of patients, their families and carers. The tru5tee5 plan to continue to transfer activities of the charity to Rennie Grove Peace where possible. No fundraising 15 undertaken directly by IRHH. FINANCIAL REVIEW The total income of the Charity for the year ended 31 March 2025 was £31.28912024: £33,312) consisting of donations. Expenditure in the year was £37,88012024: £39,903), consisting of a £31,28912024.' £33,312) donation to RG and £6,59112024.. £6,591) of depreciation of a building used for charitable activities. Total funds at 31 March 2025 were £514,34712024: £520,938). These are represented by restricted funds of £514,34712024: £520,938), and unrestricted funds of £nil12024.' £nill. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document and Recruitment of Trustees The charitable company is a company limited by guarantee under the Companies Act 2006, number 2199373. and a registered charity. number 297847. The charitable company is established under a Memorandum of Association which set5 Out the objects and powers ofthe charitable company and is governed under its Articles of Association. Fundsand Risk Management Policies and procedures relating to the funds and risk management of the Group are discussed in the Trustees. Report and Financial Statements of Rennie Grove Peace. STATEMENTOFTRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of The lain Rennie Hospice at Home for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the Board of Trustees to prepare financial statements for each financial year, which give atrue and fairview of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for 41Page
THE IAIN RENNIE HOSPICE AT HOME TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED 31 MARCH 2025 that period. In preparing the financial statements. the Board of Trustees is required to:_ select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. state whether UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Board ofTrustees 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 hence for tsking reasonable 5tep5 forthe prevention and detection of fraud and other irregularities. In so far as the Board of Trustees is aware: there is no relevant audit information of which the charitable company's auditor is unaware- and the Board of Trustees has taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. AUDITORS The Charity Auditors haysmacintyre LLP changed their name to Haysmac LLP on 18 November2024. Haysmac LLP have been appointed by the Trustees as auditors. Haysmac LLP has signified their willingness to continue in office. This report was approved by the Trustees on 31 July, 2025 and signed on behalf of the board by- roe ru ee 51Page
INDEPENDENT AUDITORS, REPORTfo THE MEMBERS OF THE IAIN RENNIE HOSPICEAT HOME Opinion We have audited the financial statements of lain Rennie Hospice at Home for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheets the Cash Flow Statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Stand(Jrd opplicoble in the UK und Republic of Ireland (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 2025 and of the charitable company's net movement in funds, including the income and expenditure, for the yearthen ended., have been properly prepared in accordance with United Kingdom Generally Accepted 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 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit OF the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevantto 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 basis for our opinion. Conclusions relating to going concern In auditing the financi31 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 uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity'5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information 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. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are requi red to determine whetherthere is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 6IPage
INDEPENDENT AUDITORS, REPORTTOTHE MEMBERS OF THE IAIN RENNIE HOSPICEAT HOME Opinions on other matters prescribed by the Companies Art 2006 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 directors, report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial statements. and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatement5 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 Cornpanies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the charitable company. or the charitable company financial statements are not in agreement with the accounting records and returns,. or certain 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 financial statements As explained more fully in the trustees, responsibilities statement set out on page 4 and 5. the trustees (who are also the directors of the charitable company for the purposes of company lawl 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 determine 15 necessary 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, disc105ing, as applicable, matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financia5 statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tatement5 can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of u5er5 taken on the basis of these financial statements. Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the charity and the environment in which it operates, we identified that the principal ri5k5 of non-compliance with laws and regu lations related to the Charity Act 2011, Companies Act 2006, the Fundraising Regulator, and we considered the extent to which non-compliance might have a material effect on thefinancial statements. We also considered those laws and regulationsthat have a direct 71Page
INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF THE IAIN RENNIE HOSPICE AT HOME impact on the preparation of the financial statements such a5 the Companies Act 2006, the Charities Act 2011, FRS102, and Charities Statement of Recommended Practice ISORPI. We evaluated management's incentives and opt)ortunities for fraudulent manipulation of the financial statements (including the risk of override of controlsl, and determined that the principal risks were related to P05ting of inappropriate journal entrie5 and management bia5 in certain accounting estimates. Audit procedures performed by the engagementteam included.. Inspecting correspondence with regulators and tax authorities. Di5CUSsions Wlth 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 detect irregularities. Identifying and te5tingjournals', and Challenging a55umption5 and judgements made by management in their critical accounting estimates Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Useof our report This report is made solely to the charitable company's members, as a body, 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'5 members those matters we are required to state to them in an Auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or forthe opinions we have formed. Kathryn Burton (Senior Statutory Auditor) For and on behalf of Haysmac LLP, Statutory Auditor 10 Queen Street Place London EC4R IAG Date: 7th August 2025 |Page
THE IAIN RENNIE HOSPICEAT HOME STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expendlture Account) FOR THEYEAR ENDED 31 MARCH 2025 Total 2025 Total 2024 Notes INCOME Donations 31,289 33,312 Total Income 31,289 33,312 EXPENDITURE ON: Charitable attivities Donation to parent charity 16,5911 131,2891 16,5911 133,3121 Total exp•ndlture 137,8801 139,9031 Net Incomellloss) 16,5911 16,5911 Net mov•m•nt in funds 16,5911 16,5911 Funds brought forward at i April 520,938 527,529 Funds carried forward at 31 March 514,347 520,938 The notes on pages 12 to 16 form part of these financial statements. The Statement of Flnancial Activitie5 includes all gains and1055es in the year. All income and expenditure derive from continuing activities. All funds as at31 March 2025 and 2024 were restricted. 91Page
THE IAIN RENNIE HOSPICEAT HOME BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible flxed assets 514,347 520,938 514,347 520,938 CURRENT ASSErs Cash at bank and in hand 2,736 6,677 NET CURRENT ASSETS 2,736 6,677 CURRENT LIABILITIES CREDITORS: amounts fallin8 due wlthln one year 12,7361 16,6771 NrrASSETS 514,347 520,938 UNRESTRICTED FUNDS General reserve RESTRICTED FUNDS 514,347 520,938 TOTAL FUNDS 514,347 520,938 The notes on page5 12 to 16 form part ofthese financial statements. The financial statements were approved and authorised for issue by the Board of Tru5tee5 on 31 July 2025 and were signed on its behalf by: roe ITru5teel IOIPage
THE IAIN RENNIE HOSPICEAT HOME STATEMENT OF CASH FLOWS FOR THEYEARENDED 31 MARCH 2025 Total 2025 Total 2024 Note Nrt cash genernted by (used in) operatlng actlviti•s 13,9411 4,682 Increaselldecreasel in cash and cash equlvalents in the year 13,9411 4.682 Cash and cash equivalents at the beginning of the year 6,677 1,995 TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 2,736 6,677 a} RECONCILIATION OF NET LOSS TO NET CASH INFLOW FROM OPERATING ACTIVITIES 2025 2024 Net loss forthe year Depreciation (Decreaseifincrease in creditors 16.5911 6,591 13,9411 16,5911 6591 4,682 NEf CASH GENERATED FROM OPERATING ACTIVITIE5 13,9411 4,682 The notes on pages 12 to 16 form part ofthese financial statements. IIIPage
THE IAIN RENNIE HOSPICEAT HOME NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES In these financial statements, 'IRHH" and "the Charity" refers to The lain Rennie Hospice at Home. References to 2025 referto the year ended 31 March 2025 and references to 2024 to the year ended 31 March 2024. Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20211- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 Act 2006. The lain Rennie Hospice at Home meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost ortransaction value unless otherwise stated in the relevant accounting policy notel51. The presentation currency is pounds sterling. Company status The Charity is a private company limited by guarantee without share capital incorporated in England and Wales (company number.. 021993731 and a charity registered in England and Wales (charity number.. 2978471. The Charity's registered address is Grove House, Waverly Road, St Albans, AL3 5QX. Preparation of accounts on a going concern basls The Trustees consider there are no material uncertainties about the Charity'5 ability to continue as a going concern. Our financial position, reserves levels and future plans gives the Trustees confidence the Charity remains a going concern for the foreseeable future. The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Income recognition All income is included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is recognised on a receivable basis. Provision is made for tax recoverable on income during the period. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be attributed to partiCLtlar heading they have been allocated to activities on a basis consistent with the use of the resources. All expenditure, including expenditure to be met from restricted funding, is recognised when the liability is incurred. Charitable activities expenditure comprises those costs incurred by the Charity in the delivery of its activities and services to its beneficiaries. 121Page
THE IAIN RENNIE HOSPICE AT HOME NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES ICONTINVED) Tangible fixed assets All tangible asset5 over £10,000 with an expected useful economic life that exceeds one year are capitalised and stated at historical cost less depreciation. Depreciation is provided on all tangible fixed assets. other than freehold land, at rates calculated to write each asset down to its estimated residual value over its expected useful life, as follows.. Freehold land Freehold buildings Leasehold property Leasehold improvements Motor vehicles Fixtures and fittings Tools and equipment over 50 years from the date of first use over the term of the lease over the term of the lease 25Wo- 33% straight line 20% straight line 25%- 33% Straight line Fund accounting The General reseNe comprises the accumulated surpluses of unrestricted income over expenditure, which are available for use in furtherance of the general objective of the Charity at the discretion of the Trustees. Restricted funds are funds subject to specific conditions imposed by donors. The purpose and use of the Restricted funds are set out in the notes to the accounts. Amounts unspent at the year-end are carried fonmard in the balance sheet. Cash at bankand in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisltion or opening of the deposit or similar account. Estimates and judgements Estimate5 and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable underthe circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates. 2, NET EXPENDITURE FOR THEYEAR 2025 2024 Net income is stated after charging.. Depreciation 6,591 6,591 131PJge
THE IAIN RENNIE HOSPICE AT HOME NOTE5 TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 3. STAFF COSTS AND TRUSTEE REMUNERATION The Charity employed no staff during the year12024: £nill The Trustees did not receive any remuneration during the year12024: £nill. The Trustees were not reimbursed any expenses during the year12024: £nill. 4. TAXATION The Charity Is exempt from corporation tax as all its income is charitable and applied for charitsble purposes. 5. TANGIBLE FIXED ASSETS Land and buildings Total Cost At l April 2024 668,600 668.600 At 31 March 2025 668,600 668,600 Depreclation At l April 2024 Charge for the year 147,662 6,591 147,662 6,591 At 31 March 2025 154,253 154,253 Net book value At 31 March 2025 514.347 514,347 At 31 March 2024 520,938 520,938 All tanglble fixed assets are held for charitable purposes. 6. CREDITORS 2025 2024 Intercompany creditors 2,736 6,677 2,736 6,677 14IPage
THE IAIM RENNIE HOSPICEAT HOME NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 7. FUNDS (20251 At l April 2024 At31 March 2025 Income Expendlture Unrestrirted funds General rese*ve 31,289 131,2891 Restrlcted funds Propety fund 520,938 16,5911 514,347 520,938 16,591) 514,347 Totalfunds 520,938 31,289 137,8801 514,347 FUNDS (20241 At 31 March 2024 At i Aprll 2024 Income Expenditure Unrestrirted funds General reserve 33,312 133,3121 527,529 16,5911 520,938 Restrlrted funds Propetyfund 527,529 16,5911 520,938 Total funds 527,529 33,312 139,9031 520,938 Restrlct•d funds The propetyfund represents the net book value of Gillian King House, a freehold propety purchased through a giftfrom a trust in November2002to accommodate the nursing and supportteamsoperating in the South Bucks area. 151Page
THE IAIN RENNIE HOSPICE AT HOME NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 8. ANALYSIS OF NET ASSETS BY FUND (20251 Restrirted funds Total Fixed assets Current assets Cijrrent liabilities 514,347 2,736 12,7361 514,347 2,736 12,7361 Total net assets 514,347 514,347 ANALYSISOF NET ASSETS BY FUND120241 Restrirted funds Total Fixed assets Current assets Current liabilities 520,938 6,677 16,6771 520.938 6,677 16,6771 Total net assets 520,938 520,938 9. ULTIMATE PARENT UNDERTAKING The immediate parent companythroughout the yearwas Rennie Grove Hospice Care. a charity incorporated in the England and Wales Company Number7479930. Charity Number 1140386. Its registered office is Grove House. Waverley Road, StAlbans, Herts, AL3 5QX. The ultimate holding company is Rennie Grove Peace Hospice Care a charity incorporated in the England and Wales Company Number 14355610, Charity Number 1201713. Group financial statements for Rennie Grove Peace Hospice Care are available to the public from Companies House, Crown Way, Cardiff on payment of the appropriate fee. 10. RELATED PARTYTRANSACTIONS As of 31 March 2025. £2.736 was owed to Rennie Grove Hospice Care12024: £6,677). No otheramounts were dueto orfrom any ofthe otherGroup companies. 161p3ge