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Company Registration Number 7479930 Registered Charity Number 1140386

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE)

CONSOLIDATED FINANCIAL STATEMENTS

31ST MARCH 2013

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2013

CONTENTS PAGE

Members of the Trustees and professional advisers 1

Chairman’s Report 2

Board of Trustees’ Annual Report 4

Independent Auditors' report to the Members 12

Consolidated Statement of Financial Activities (including an Income and Expenditure Account) 14

Consolidated Balance sheet 15

Company Balance sheet 16

Cash flow statement 17

Notes to the financial statements 18

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) MEMBERS OF THE COUNCIL OF MANAGEMENT AND PROFESSIONAL ADVISERS

Trustees and directors Prof S Spiro (Chairman) (appointed January 2013) (Board of Trustees) Mr S Cuthbert (Chairman) (resigned March 2013) Mrs L King (Vice Chairman) Mrs E Cheetham (appointed May 2012, resigned June 2012) Dr A Cohen (appointed May 2012, resigned May 2013) Mrs E Coleridge-Smith Dr S Cottam (appointed January 2013) Mrs Jackie Fryer (Fowler) Mrs H Gabbutt (resigned May 2013) Dr S Jordache (resigned August 2013) Mr C Langford (Treasurer) Mr W A Lowbridge (resigned March 2012) Mrs J MacLeod (appointed July 2013) Mrs A Macleod-Smith (appointed March 2012) Mr P Murphy Mr D Parkins Dr P Sawyer (resigned July 2012) Dr A Wainwright (appointed July 2013) Company secretary Mrs J MacLeod (appointed July 2013) Mrs H Gabbutt (resigned May 2013) Registered office Grove House Waverley Road St Albans Herts AL3 5QX

Auditors Cansdales Chartered Accountants & Statutory Auditors Bourbon Court Nightingales Corner Little Chalfont Bucks HP7 9QS Bankers and financial advisors Barclays Bank plc Slough Corporate Banking Centre PO Box 23 Hamilton Road Slough BX3 2BB Solicitors Sherrards Matthew Waite & Co. 45 Grosvenor Road Ariel House St Albans Frogmore Street Herts Tring AL1 3AW Herts HP23 5AU

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) BOARD OF TRUSTEES’ ANNUAL REPORT – CHAIRMAN’S STATEMENT YEAR ENDED 31 MARCH 2013

Rennie Grove Hospice Care (Rennie Grove) continued to provide a 24/7 planned and responsive hospice at home nursing service for patients with life-limiting illness across the Chilterns area of Buckinghamshire and in north west Hertfordshire, as well as Day Hospice Care in the Dacorum, St Albans and Harpenden districts of Hertfordshire.

The overall deficit for the period 2012/13 has been reduced by 50% to £193k. We continue to review all areas of service in order to further reduce our cost base without reducing direct patient care whilst monitoring a quality service.

Cumulatively we have reduced our cost base without reducing front line patient support. Our free reserves, which exclude the property and unlisted investments, at 31

st March 2013 fall just beneath our 3 months

minimum reserves policy.

We are pleased to report that additional funds for a pilot of £133,000 have been granted to us by the Bucks and West Herts Primary Care Trusts in 2012/13 in respect of our hospice at home service.

We continue to rely heavily on support from our local communities and other generous donors to fund the ever growing demand for our services. In particular I should like to thank the Pepper Foundation for their wonderful support for our children’s and family support services, the Hospice Lottery Partnership, and many other grant making trusts and individuals for their generosity.

We also thank our fundraising groups, the individuals who organise and participate in hundreds of wonderful fundraising events, and all our volunteers who have supported us with their expertise, time and enthusiasm.

Retail and Trading expansion over the last year has seen the number of shops increase from 14 to 20 and this generated an overall income of over £1.9m and the retail and trading was the 3

rd most profitable hospice charity

shop chain in the UK.

The majority of the assets and liabilities of the Iain Rennie Hospice at Home (IRHH) and St Albans and Dacorum Day Hospice, trading as Grove House (GH) transferred to the newly named Rennie Grove as at 31 March 2013.

We continue to look after more patients even though the financial climate remains challenging. We still need to achieve a breakeven position and the Senior Management Team have continued to review all areas of service in order to achieve this.

I would like to thank Steve Cuthbert, retiring Chairman, for more than 6 years of exceptionally hard work and diligence as Chair of Rennie Grove. Steve saw the charity through a period of major internal and external development, and his efforts kept the direction of the Charity both positive and stable. He is owed an immense debt for all that he has done.

Mary Groves became an MBE in the New Year Birthday Honours list in 2013, partly in recognition for all that she has achieved in the development and progress of Grove House. Grove House is a wonderful asset for our clients in Hertfordshire, and we will be working hard to continue to improve its functions and its availablity, not only to those with cancer, but we hope to extend its role to others with non-malignant life threatening illnesses. We congratulate Mary on her great achievement.

We welcomed Jenny Provin in January as our new Chief Executive. Jenny came from the Institute of Cancer Research, London, where she occupied a senior position as Director of Corporate Development and Planning. She had had previous experience of Hospice Care as a Trustee of the Princess Alice Hospice in Surrey. I am sure Jenny will take us forward with great resolve and lots of initiative.

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) BOARD OF TRUSTEES’ ANNUAL REPORT – CHAIRMAN’S STATEMENT YEAR ENDED 31 MARCH 2013

The Senior Management Team have, once again, been pivotal in developing our new internal structures, adapting to new IT equipment, new offices in Tring and working with the Chief Executive to provide plans for a balanced budget, without which it is hard to move forward. They work extremely hard, and also closely with the Board of Trustees, who are all very actively engaged in the organisation, chairing sub-committees, providing expertise, and putting in many hours during the year. The Trustees input has been invaluable.

We continue to be greatly indebted to all our clinical teams who do such a remarkable job. They are working under more and more pressure as the demand for our services continue to increase. They manage to perform their caring duties to a very high standard and continue to be the best possible advertisement for the charity. Thanks also to the support staff who do so much, mainly behind the scenes, without which, once again, we could not function.

Finally, a word to thank and praise the 1500 volunteers who work so hard for us, some amazingly hard, and some for incredibly long! Not only do they bring support and advice from so many different walks of life, their enthusiasm is infectious. They make a huge difference to what we can achieve and we are all extremely grateful to each and every one of them.

This is a superb charity and I am so proud to have the opportunity of helping it go from strength to strength.

Stephen Spiro 5 September 2013

Chairman

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) BOARD OF TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 MARCH 2013

VISION Our Vision is that every adult and child within our area can choose how and where they want to be cared for towards the end of life, knowing that they will receive high quality specialist care

INTRODUCTION Rennie Grove provides a high quality service that is responsive to patient and carer needs: our model of care acknowledges and respects patients’ needs and choices when living with life-limiting illness. The charity is also committed to providing supportive care for relatives and carers both pre- and post-bereavement through the work of our Family Support Team.

In line with the UK’s independent hospice movement, Rennie Grove’s services are provided at no cost to patients or their families. Our nurses and clinicians provide specialist care as well as practical, hands-on nursing care for patients of any age, both adults and children, with a range of terminal and life-threatening illnesses. Our hospice at home service continues to operate on a 24 hour, responsive on-call basis, providing patient visits as well as advice over the telephone out of hours. All our services continued to reflect our commitment to offering patients choice about where they are cared for and where they wish to die. Rennie Grove is most grateful to the huge army of over 1,500 local volunteers who donate their time and expertise across every area of the organisation from patient care to helping in our shops.

Rennie Grove is reliant on local fundraising and hospice shops for approximately 85% of the costs of our care. Despite the huge generosity of local supporters helping with our fundraising and hospice shops, Rennie Grove income generation continued to be adversely impacted by the economic situation during the period with sponsorship at major events and corporate income being particularly affected. The charity ended the period with a £193,000 deficit.

CHARITABLE PURPOSE Rennie Grove’s charitable purposes are set out in the objects contained in the company’s Memorandum of Association. In Section 4, the objects are defined as “the relief of sickness” and this is further defined in relation to the charitable purposes through a series 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. This report looks in detail at the services we provide and at what we have achieved. It also helps us ensure our aim, objectives and activities remain focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.

PUBLIC BENEFIT The focus of our work is the provision of four main services: our Hospice at Home Service for Adults, our Hospice at Home Service for Children, our Day Hospice Service and our Family and Bereavement Support Service. The achievements of these services are set out in detail later in this report.

All our services are provided at no cost to members of the public who meet our referral criteria: that they have been diagnosed with a life-limiting illness and are registered with, and have a referral from, a General Practitioner operating in the Chilterns area of Buckinghamshire or the Dacorum, St Albans and Harpenden districts of Hertfordshire.

Our Hospice at Home Service for adults and children enables us to provide specialist care at home for members of the public of any age suffering from a terminal or life-limiting illness.

Our Day Hospice Care supports patients with advancing illness to control symptoms and learn coping strategies, enabling them to live independently at home for longer.

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) BOARD OF TRUSTEES’ ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2013

Our Family and Bereavement Support Service is available to patients, families and carers in Buckinghamshire and Hertfordshire who have been affected by life-limiting illness.

THE HOSPICE AT HOME ADULT NURSING SERVICE The Rennie Grove Hospice at Home Adult Nursing Service is delivered by five locality teams operating in High Wycombe, South Bucks, Ridgeway, Dacorum and St Albans & Harpenden plus a dedicated overnight team.

The Service employs around 50 nurses with a range of skills. Our Clinical Nurse Specialists assess patients, offer advice and guidance on medication and treatment. These nurses work alongside other trained and experienced community hospice nurses who are able to provide more hands-on care. Health Care Assistants play an important part in enabling patients to remain at home by providing practical, personal and supportive care.

Responses to patient and carer surveys show that people continue to place a high value on our 24 hour responsive on-call service. Evidence from Clinical Audit demonstrates that our round-the-clock service plays a crucial part in supporting patients and their carers at home.

Rennie Grove continued to work collaboratively with a range of hospice and NHS providers to support patients to stay at home.

We are keen in particular to acknowledge the professional medical support our nurses receive from the NHS Palliative Care consultants in Buckinghamshire and The Hospice of St Francis in Hertfordshire.

Rennie Grove continues to deliver significant parts of the government’s End of Life Care Strategy and our services are completely in line with the strategy’s aims of providing the services people need to enable them to be cared for at home and to die there if that is their choice.

THE PEPPER CHILDREN’S NURSING SERVICE Our Children’s Nursing Team provides supportive care and respite for children and young people with life-limiting and life-threatening illnesses. Many of these young patients have complex conditions other than cancer which require our nurses to deploy a wide range of skills and experience. The Children’s Nursing Team continues to care for increasing numbers of children at the end of their lives and this remains an important part of our work.

The last evaluation of the Children’s service confirmed that it is greatly valued by the families who benefit from our care. In particular, the respite element of the service provides parents and carers with essential breaks from their unrelenting caring responsibility. There has also been acknowledgement of the immense value placed upon 24 hour availability of nurses for advice and support.

Improving the integration of services for children in our area of operation presents significant challenges. An essential part of our role is to work with other professionals in health, social care and education, acting as advocates for our patients and their families. This vital link ensures communication of needs across a diverse range of services in a way which enhances the support of the child and family and raises the profile of Rennie Grove within our local community.

Transition of young people into adult services remains challenging in part due to the different nature of services. So far we have been unable to refer any young people into the Rennie Grove adult services as the criteria for hospice care varies so greatly. This is applicable to other areas, not just hospice care, for example social care and respite facilities.

We greatly value our close working relationship with The Pepper Foundation which continues to provide the majority of the funding for the Pepper Children’s Nursing Team. We enjoy a very special partnership with The Pepper Foundation and are deeply grateful to their trustees for their long term, committed support.


DAY HOSPICE AND OUTPATIENT CARE A range of Rennie Grove care is available at Grove House and at home for patients in the St Albans, Harpenden and Dacorum areas.

Grove House Day Hospice employs a team of nurses and clinicians. Patients visiting have access to a specialist doctor, nurses, physiotherapist, occupational therapists, complementary therapists and spiritual care. Our Day Hospice team offers patients with advancing illness symptom control and coping strategies, enabling them to live independently at home for longer.

We also support patients on an outpatient basis at Grove House, offering a range of day hospice care for those not wishing to attend for a full day.

Alongside the care at Grove House and the hospice at home nursing service, other clinicians and a team of trained volunteers offer valuable support for patients and families at home. We plan to extend this care to patients in Buckinghamshire in due course.

FAMILY & BEREAVEMENT SUPPORT Across our geographical area we provide one-to-one support in person and over the phone from trained Bereavement Support Volunteers. Families access our volunteer-led counselling service and benefit from Social Support Groups. Our Sibling Support Groups continue to hold these for the siblings of our paediatric patients.

The Family Support Team continues to work alongside all the nursing teams, offering support for families facing the loss of a loved one and thus enabling care to be extended into the post-bereavement period. Nearly half of the families with whom we’ve had a connection take up our offer of Family Support; the national average for hospice carers is just 1 in 4. The team has provided more support for families and carers during the period, a trend linked to the increase in adult patient referral numbers.

The Children’s Support Facilitator’s work increases period on period and continues to provide expert support for our younger patients and their siblings. This is in addition to offering development and bereavement support to the children of our adult patients.

CANCER THE NEXT STEP Our Cancer the next step programme at Grove House is available right across Bucks and Herts and even further afield for those living with cancer at an early stage of their illness. It enables people to develop coping strategies, to come to terms with their illness and move on in their lives.

PATIENT INFORMATION Patients and families can also receive information and support across the Rennie Grove area through the nurses and family support team in Bucks and at Grove House or in hospital clinics in North West Herts. This specially tailored information helps patients and families have greater knowledge about the illness and the range of care and support available to be able to take greater control of their care and to cope better.

PROFESSIONAL DEVELOPMENT We continue to provide training and professional development for our nursing and clinical staff during the period. We believe that it is vital for our staff to receive excellent training and support so that they can develop their competencies as healthcare professionals, and new nurses and clinicians joining the service receive excellent induction and training as well as regular professional updates throughout their career with Rennie Grove.

STRATEGY Our mission is to offer excellent palliative and end of life care based around patients and their families both day and night.


Our goals for 2013 to 2016 are:

To ensure that every adult and child receives high quality palliative and end of life care and support in our local community through:

providing excellent multidisciplinary palliative care for patients and families through the provision of Hospice at Home, Family Support and Day Hospice services

collaborating with all partners to ensure patients in the community receive the highest quality of care and support

ensuring all our clinical staff receive the best training and development achieving an excellent profile for innovative models of care and influencing the local and national health

policy agenda

To provide a first class sustainable organisation to support the care of our patients through:

raising sufficient income to ensure the long term viability of Rennie Grove Hospice Care being an employer of choice within the hospice sector engaging the wider community, valuing their role as volunteers and supporters being an effective and efficient organisation

FUNDRAISING AND COMMUNICATIONS The department continues to focus on generating income in a professional, sustainable and cost-effective way from multiple sources to meet the Rennie Grove annual expenditure budget and support the Rennie Grove reserves policy.

In memoriam giving remained broadly static despite the further increase in the number of patients receiving care. We are very grateful for the generosity of families and friends who make donations in memory of loved ones and those who make provision for a legacy to our charity in their will.

Although income from voluntary donations decreased by 8.5% from £1,550,766 in 2011-12 to £1,419,415 in 2012-13, the number of donors remained fairly steady with the donation amount accounting for the declining income, This decrease is, therefore, reflective of the challenging economic climate rather than declining support.

This strength of local support can also be seen in community and events fundraising where income increased by 8% from £834,908 in 2011-12 to £904,830 in 2012-13.

Income from grant making trusts continued to be adversely affected by the economic downturn and continued poor returns on stock market and other investments. We do not expect the fundraising environment to improve in the short to medium term and will be exploring every possible opportunity to raise funds to sustain our services through increased fundraising and marketing activity.

Once again we were pleased to benefit from a significant increase in income from The Hospice Lottery which is run by The Hospice Lottery Partnership Limited, a separate company in which IRHH and Grove House each hold 1/7th share. The lottery performed well and contributed to each shareholder.

Increases in the costs of generating funds are to be expected in the current financial climate. The charity’s return on investment in such activities fell during the period and this may continue in a highly competitive fundraising climate.


Our small communications team provided support for the whole organisation throughout the period and continues to play an important part in raising the profile of the charity generally, supporting specific campaigns and events through a wide range of printed and digital media.

RETAIL & TRADING Our shops continue to beat all previous records in selling goods donated by supporters supplemented by a small quantity of bought in goods such as greetings cards. The shops provide a vital presence for the charity throughout our area of operation and make a significant contribution to the income of the organisation: 2011-12 was an excellent period with the department generating over £1.9 million income, an increase of 27% on last period.

This success can be attributed to a great deal of very hard work by the retail management and our superb volunteers; the opening of a dedicated bookshop in Princes Risborough and a new shop in Wendover, as well as the relocation to better premises of our shop in Flackwell Heath. We are continuing to see increased revenues from shops in their first and second years of trading.; Once again our eBay team has achieved excellent growth in profit with sales reaching an average to £1,500 a week. .

The four Grove House shops previously managed by Isabel Hospice became part of the Rennie Grove group in October 2012.Plans are in place to open two further shops in the St Albans and Harpenden area in the coming year.

Each additional shop brings with it the need for increased logistical support and storage. The Retail & Trading warehouse located in Tring has been extended through the acquisition of a neighbouring unit. A distribution centre has been established to support the ever growing number of shops and enable us to make best use of the items donated to us, by supplying stock on demand and offering storage space for surplus seasonal stock. The Retail and Trading team manage to achieve a fine balance between making the most of sparse resources and investing to maximise the return. The team includes a number of dedicated volunteers who are an integral part of the shops and retail operation. Without them, we would not be able to operate.

NHS INCOME The Primary Care Trusts continue with grant funding (rather than any form of tariff based approach) to support around 14% of the care that Rennie Grove provides to patients. We will continue to press hard for a fairer share of available PCT funding to more accurately reflect the work that we do. At approximately 14%, we continue to operate substantially behind the national average for hospice funding. Operating with such a low level of PCT funding would not be possible without the generosity of our communities, supporters and donors. We believe that we must continue to push for a fairer approach to PCT funding which accurately reflects the volume, depth and quality of the services we provide.

We also acknowledge the Department of Health Children’s Hospice and Hospice At Home Grant for 2012/13, which funds some 20% of the costs of our paediatric team, made under the provisions of Section 64 of the Health Services and Public Health Act 1968.

PREMISES Having office staff spread over four office bases has proved a challenge in terms of communication and efficient processes. Whilst recognising the importance of a Fundraising presence in both Tring and St Albans we are looking at ways to bring more of our teams together under one roof. In March 2013 additional space was taken to combine the fundraising, administration and clinical teams into one location in Tring.

FINANCIAL POSITION Rennie Grove has faced a challenging period with income from events significantly lower than anticipated as the economic climate continued to take its toll. The charity sector as a whole has reported that it remains more


difficult to raise funds from traditional sources as an ever-increasing number of good causes chase a decreasing pool of money.

Overall our fund raising income held up well in difficult economic conditions.

RESERVES POLICY Rennie Grove will maintain unrestricted general reserves of not more than 12 months of average actual expenditure unless there is a clear strategic need to hold greater reserves in order to support future planned capital or revenue plans agreed by Board. Conversely, cash reserves should not fall below 3 months of predicted expenditure.

Our cash reserves have fallen temporarily as we purchased the Isabel Hospice's interest in the joint venture which previously ran the Grove House shops for £500K in October 2012. Whilst we will invest the resulting income in providing services to our patients, we anticipate recovering this investment within a two to three year period. It is the board's intention to restore the reserves to the equivalent of three months cash expenditure as soon as it is practical to do so without reducing the provision of our services to our patients.

INVESTMENT POLICY Under the Memorandum and Articles of Association, the charitable company has the power to make any investment which the Rennie Grove Board of Trustees sees fit. Investments are regularly reviewed and are currently managed by Barclays Wealth under a mandate authorised by the trustees.

GOVERNANCE AND RISK MANAGEMENT Rennie Grove is led and controlled by a Board of Trustees which collectively ensures 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.

The Board of Trustees meets 6 times a year with the Chief Executive and members of the senior management team present. The Board sets the terms of reference for a number of Governance groups which have clear, delegated authorities. The Board monitors the groups’ performance through reports received at Board Meetings.

Rennie Grove’s Board size allows for the active participation of trustees in a range of subcommittees and ad hoc working groups and affords good cover when, on occasion, trustees are unable to attend meetings. The Board and Governance Group structure is able to support the charity’s current activities and is capable of supporting increasing size and complexity in line with the charity’s strategic plan. To meet their governance responsibilities, trustees sit on one or more Governance groups covering Finance & General Purposes, Clinical Governance, Human Resources and Volunteering, Information Technology, Risk, Retail & Trading, Fundraising & Marketing and also attend meetings with our Consultation Group.

The charity has a full range of operating policies and protocols in place to support the work it does and to allow it to respond to unforeseen circumstances and events. All policies are reviewed and updated regularly.

The Rennie Grove Board of Trustees aims to minimise internal risks by the implementation of procedures for authorisation of all transactions and projects and to ensure as far as possible consistent quality of delivery for all operational aspects of the charity. Rennie Grove maintains a risk register which is reviewed regularly to ensure that the charity has adequate and appropriate policies in place.


AUDIT AND INSPECTION Rennie Grove is registered with the Care Quality Commission and our Clinical Audit Team has continued to develop our clinical audit programme and has also worked with other hospices to develop joint standards and audits with a view to standardising practice and the way in which we monitor our performance.

STAFF AND VOLUNTEERS Rennie Grove is fortunate to have a highly enthusiastic and loyal group of staff and volunteers bringing a range of skills and experience to the charity. The organisation is committed to supporting and offering ongoing professional opportunities to its entire workforce – both paid and voluntary. Rennie Grove aims to be an open organisation, consulting with staff and volunteers in many ways on major issues and actively seeks the opinions of its users on a regular basis.

ORGANISATION AND STRUCTURE The charitable company is a company limited by guarantee under the Companies Act 2006, number 7479930, and a registered charity, number 1140386. The charitable company 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. The members of the Rennie Grove Board of Trustees are elected at the Annual General Meeting to serve a minimum period of three years. All Trustees undergo a period of formal induction and orientation with the organisation.

The members of the charitable company, including the members of the Rennie Grove Board of Trustees, are liable for up to £1 each on the winding up of the company whilst they are members or within one year of someone ceasing to be a member. At 31st March 2013 there were 147 members including the Rennie Grove Board of Trustees.

IRHH and GH are subsidiaries of Rennie Grove, and until 31 March 2013 IRHH owned the whole of the share capital of Iain Rennie Hospice Services Limited, a company which operates as a trading subsidiary to raise funds to support the work of IRHH. At 31 March 2013 the shares of Iain Rennie Hospice Services Limited were transferred to Rennie Grove. The two subsidiaries each have a one-seventh interest in The Hospice Lottery Partnership Limited. The Hospice Lottery Partnership Limited is a company which operates a lottery to raise funds for this and the other unconnected hospice charities which jointly own the company.

The trustees head up the organisational structure of Rennie Grove, with the Chief Executive reporting through the Chairman to the board of Trustees. The Chief Executive has line management responsibility for a Senior Management Team comprising the Director of Nursing & Clinical Services, the Director of Fundraising & Marketing, the Director of Finance and Administration, the Director of Retail & Trading, the Director of Human Resources & Voluntary Services and the Project Development Lead. Members of the Senior Management Team represent the organisation on a number of local, regional and national organisations, committees and bodies.

Rennie Grove is a member of Help the Hospices, the National Board for Palliative Care, the National Forum Association for Hospice at Home and Children’s Hospices UK; now renamed as Together for Short Lives. Individual members of the Senior Management Team and other members of staff are also members of various professional representative bodies. The charity is also represented at a range of professional forums related to hospice and palliative care including the two Cancer Networks for our area.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES The Trustees, who are also directors of Rennie Grove Hospice Care for the purposes of company law, are responsible for preparing the Board of Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the period then ended. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the Charities SORP;

make judgments and estimates that are prudent and reasonable;

state whether applicable 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 charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

there is no relevant audit information of which the charitable company’s auditors are unaware; and

the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

AUDITORS A resolution to re-appoint Cansdales as auditors for the ensuing period will be proposed at the Annual General Meeting.

The Trustees confirm that to the best of their knowledge and belief these financial statements comply with the requirements of the Statement of Recommended Practice “Accounting and Reporting by Charities”, issued March 2005, and the accounting provisions of the Charities Act 2011.

Registered office: Signed on behalf of the Trustees Grove House Waverley Road St Albans Herts AL3 5QX Stephen Spiro Chairman

Approved by the Trustees on 5 September 2013

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) FOR THE YEAR ENDED 31 MARCH 2013

We have audited the financial statements of Rennie Grove Hospice Care for the year ended 31 March 2013 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Cash Flow Statement and the related notes numbered 1 to 21. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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’s members those matters we are required to state to them in an auditors’ 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 its members as a body, for our audit work, for this report, or for the opinions we have formed.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE AUDITORS As explained more fully in the Statement of Responsibilities of the Trustees on page 10, the Trustees, who are trustees for the purposes of charity law and 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.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of:

whether the accounting policies are appropriate to the charitable company’s circumstances and have been consistently applied and adequately disclosed;

the reasonableness of significant accounting estimates made by the trustees;

and the overall presentation of the financial statements.

In addition, we read all the financial and non-financial information in the Board of Trustees’ Annual Report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

OPINION ON FINANCIAL STATEMENTS In our opinion the financial statements:

give a true and fair view of the state of the charitable company’s and group’s affairs as at 31 March 2013, and of its incoming resources and application of resources, including its income and expenditure, for the period then 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.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion the information given in the Board of Trustees’ Annual Report for the financial period for which the financial statements are prepared is consistent with the financial statements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) FOR THE YEAR ENDED 31 MARCH 2013 (continued)

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of Trustees’ remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

…………………………………………………………….. 5 September 2013 James Foskett Senior Statutory Auditor For and on behalf of CANSDALES Chartered Accountants & Statutory Auditors Bourbon Court Nightingales Corner Little Chalfont Bucks HP7 9QS


CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

FOR THE YEAR ENDED 31 MARCH 2013

The notes numbered 1 to 21 form part of these financial statements

Unrestricted funds

Restricted funds

Total 2013 Total 2012

Note £ £ £ £

INCOMING RESOURCES

Incoming resources from generated funds 2

Voluntary income 1,475,956 226,139 1,702,095 2,071,122

Activities for generating funds 2,900,996 - 2,900,996 2,401,471

Investment income 42,806 - 42,806 57,960

Incoming resources from charitable activities 3 857,735 442,327 1,300,062 1,083,081

Other incoming resources 4 266,130 - 266,130 236,720

5,543,623 668,466 6,212,089 5,850,354

RESOURCES EXPENDED

Costs of generating funds 5

Costs of generating voluntary income 550,644 - 550,644 556,444

Costs of activities for generating funds 1,520,382 - 1,520,382 1,317,489

Charitable activities 5 3,619,027 665,132 4,284,159 4,354,797

Governance costs 5 58,638 - 58,638 56,317

5,748,691 665,132 6,413,823 6,285,047

Net income/(expenditure) for the period 6 (205,068) 3,334 (201,734) (434,693)

Transfers between funds 20,822 (20,822) - -

Net incoming resources before other recognised gains/(losses)

(184,246) (17,488) (201,734) (434,693)

Gains/(losses) on sales of investments 2,181 - 2,181 18,584

Unrealised gains/(losses) 6,860 - 6,860 (26,031)

Net movement in funds 15 (175,205) (17,488) (192,693) (442,140)

Total funds brought forward 15 3,062,983 1,848,249 4,911,232 5,353,372

Total funds carried forward 15 2,887,778 1,830,761 4,718,539 4,911,232

The group had no recognised gains or losses other than the results for the year as set out above.

All of the activities of the group are classed as continuing


CONSOLIDATED BALANCE SHEET

AT 31 MARCH 2013


General Designated Restricted Total Total

unrestricted 2013 2012

Note £ £ £ £

Fixed assets

Intangible assets 8 487,987 - - 487,987 -

Tangible assets 9 - 219,596 1,749,909 1,969,505 1,964,172

Investments 10 1,693,783 - - 1,693,783 1,624,724

Current assets

Stock 11 6,199 - - 6,199 4,304

Debtors 12 276,908 - - 276,908 259,579

Cash at bank and in hand 676,516 - 80,852 757,368 1,937,104

959,623 - 80,852 1,040,475 2,200,987

Creditors falling due within one year 13 (473,211) - - (473,211) (878,651)

Net current assets 486,412 - 80,852 567,264 1,322,336

Total assets less liabilities 2,668,182 219,596 1,830,761 4,718,539 4,911,232

Unrestricted funds 15

General unrestricted funds 2,668,182 - - 2,668,182 2,869,868

Designated funds - 219,596 - 219,596 193,115

Restricted funds 15 - - 1,830,761 1,830,761 1,848,249

Total funds 2,668,182 219,596 1,830,761 4,718,539 4,911,232

These financial statements were approved and authorised for issue by the Trustees on 5 September 2013 and are signed on their behalf by: ……………………………………………………………… …………………………………………………………… S Spiro C Langford Chairman Honorary Treasurer Company number 7479930


COMPANY BALANCE SHEET

AT 31 MARCH 2013


General Designated Restricted Total Total

unrestricted 2013 2012

Note £ £ £ £

Fixed assets

Investments 10 800,002 - - 800,002 750,000

Current assets

Debtors 12 - - - - 369

Cash at bank and in hand 6,337 - 36,109 42,446 129,317

6,337 - 36,109 42,446 129,686

Creditors falling due within one year 13 (10,009) - - (10,009) (33,236)

Net current assets (3,672) - 36,109 32,437 96,450

Total assets less liabilities 796,330 - 36,109 832,439 846,450

Unrestricted funds 15

General unrestricted funds 796,330 - - 796,330 841,390

Restricted funds 15 - - 36,109 36,109 5,060

Total funds 796,330 - 36,109 832,439 846,450

These financial statements were approved and authorised for issue by the Trustees on 5 September 2013 and are signed on their behalf by: ……………………………………………………………… …………………………………………………………… S Spiro C Langford Chairman Honorary Treasurer Company number 7479930


CONSOLIDATED CASH FLOW STATEMENT

YEAR ENDED 31 MARCH 2013


2013 2012

£ £ £ £

Reconciliation of operating surplus

to net cash inflow from operating activities

Operating surplus/(deficit) (201,734) (434,693)

Gifts in kind (18,000) (38,000)

Depreciation 141,141 95,441

Amortisation 12,513 -

(Increase)/decrease in debtors (17,329) 309,465

Increase/(decrease) in creditors (405,440) (367,603)

(Increase)/decrease in stock (1,895) 5,045

Interest receivable (41,935) (57,145)

Dividends receivable (871) (815)

Net cash inflow/(outflow) from operating activities (533,550) (488,305)

Returns on investments and servicing of finance

Interest received 41,935 57,145

Dividends received 871 815

Profit/(loss) on sale of investments 2,181 18,584

44,987 76,544

Capital expenditure

Purchase of intangible fixed assets (500,500) -

Sale of intangible fixed assets - -

Purchase of tangible fixed assets (96,474) (27,220)

Sale of tangible fixed assets - -

Purchase of fixed asset investments (300,145) (566,769)

Sale of fixed asset investments 205,946 508,697

(691,173) (85,292)

Increase/(decrease) in cash in the year (1,179,736) (497,053)

Reconciliation of net cash flow to net movement in funds

Increase/(decrease) in cash in the year (1,179,736) (497,053)

Net funds at 1 April 2012 1,937,104 2,434,157

Net funds at 31 March 2013 757,368 1,937,104

Analysis of changes in net funds At 1 April 2012

Cash flows At 31 March

2013 £ £ £

Short term deposit accounts 454,517 (289,977) 164,540

Short term investments 776,152 (483,474) 292,678

Cash at bank and in hand 706,435 (406,285) 300,150

1,937,104 (1,179,736) 757,368

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2013

1. ACCOUNTING POLICIES

Basis of accounting The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value, in accordance with the Companies Act 2006 and applicable United Kingdom accounting standards and follow the recommendations in the Statement of Recommended Practice “Accounting and Reporting by Charities”, issued in March 2005. The financial statements include the trading activities, assets and liabilities of the group.

Subsidary Undertakings The consolidated financial statements incorporate those of Rennie Grove Hospice Care and its subsidiary undertakings (see Note 16 for details of the subsidiaries) for the year ended 31 March 2013. As permitted by section 408 of the Companies Act 2006, the SOFA of the parent company is not presented as part of these financial statements. The deficit dealt with in the financial statements of the parent company before transfers from subsidiary undertakings was £14,011 (2012: surplus £96,450).

Incoming resources All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SOFA.

Legacies are included in the financial statements in the year of receipt.

Grants from government and other agencies are included as income from activities in furtherance of the charitable company’s objects where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use.

Gifts donated for resale are included as income when they are sold. No amounts are included in the financial statements for services donated by volunteers.

Gifts in Kind are included in the financial statements at their estimated value upon receipt.

Investment income is included in the financial statements when received.

Any income received for a period other than the accounting period has been apportioned over the period to which it relates.

Resources expended Resources expended are included in the SOFA on an accruals basis, inclusive of any irrecoverable VAT.

Liabilities are recongnised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance costs include the costs of the examination of the statutory financial statements, the costs of Trustee meetings, the costs of any legal advice to Trustees.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Staff costs have been allocated by the time spent, and overheads have been allocated in accordance with staff costs.

RENNIE GROVE HOSPICE CARE (FORMERLY IAIN RENNIE GROVE HOUSE HOSPICE CARE) NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2013

1. ACCOUNTING POLICIES (continued) Fixed assets and depreciation Tangible fixed assets are capitalised, at cost, if they can be used for more than one year and cost at least £250. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset evenly over its expected useful life as follows:

Freehold land - 0% Freehold buildings - over 50 years from the date of first use Leasehold property - over the term of the lease Leasehold improvements - over the period of the lease Motor Vehicles - 25% - 33% straight line Fixtures and Fittings - 20% straight line Tools and equipment - 25% - 33% straight line

Intangible fixed assets are capitalised at cost and amortised over their expected useful life as follows:

Goodwill - over 20 years from the date of acquisition

Investments Listed investments and the investment property are stated at market value at the Balance Sheet date. Unquoted investments are stated at cost. The SOFA includes net gains or losses on revaluation of investments during the period.

Pensions The charitable company operates a defined contribution pension scheme. Charges are made in the SOFA as they arise. The charitable company also has a Stakeholder Pension Scheme. Both schemes are available to all staff members. The charitable company also contributes to the NHS pension scheme on behalf of certain employees on the same basis as it contributes to the other schemes.

Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.

Tax status The charitable company is a registered charity and therefore it is not assessable to corporation tax on any excess of charitable income over expenditure.

Fund accounting Funds held by the charitable company are:

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Designated funds – these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds – these are funds which can only be used for particular purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The Trustees make transfers between funds when expenditure of a restricted nature is to be met from more than one type of fund. The maximum level of these transfers is agreed by the Trustees prior to the expenditure.

The nature and purpose of each fund is explained further in the notes to the financial statements.


2. INCOMING RESOURCES FROM GENERATED FUNDS

Unrestricted funds

Restricted funds


£ £ £ £

Voluntary income

Legacies 209,680 45,000 254,680 482,356

Other gifts and donations 1,248,276 181,139 1,429,415 1,550,766

1,457,956 226,139 1,684,095 2,033,122

Gifts in kind 18,000 - 18,000 38,000

1,475,956 226,139 1,702,095 2,071,122

Activities for generating funds

Events 904,830 - 904,830 834,908

Trading 1,901,666 - 1,901,666 1,473,875

Rental income 94,500 - 94,500 92,688

2,900,996 - 2,900,996 2,401,471

Investment income

Dividends receivable 871 - 871 815

Interest receivable 41,935 - 41,935 57,145

42,806 - 42,806 57,960

Total incoming resources from generated funds 4,419,758 226,139 4,645,897 4,530,553

3. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Unrestricted funds

Restricted funds


£ £ £ £

Primary care trusts (NHS) 849,615 - 849,615 703,933

Pepper Foundation - 358,575 358,575 277,500

Department of Health - 83,752 83,752 83,752

Roald Dahl Foundation - - - 8,753

Other 8,120 - 8,120 9,143

857,735 442,327 1,300,062 1,083,081

4. OTHER INCOMING RESOURCES

Unrestricted funds

Restricted funds


£ £ £ £

Income from Hospice Lottery Partnership 243,692 - 243,692 219,050

Other 22,438 - 22,438 17,670

266,130 - 266,130 236,720


5. RESOURCES EXPENDED

Staff costs Other costs Total 2013 Total 2012

£ £ £ £

Costs of generating funds

Costs of generating voluntary income 413,340 137,304 550,644 556,444

Costs of activities for generating funds 749,731 770,651 1,520,382 1,317,489

1,163,071 907,955 2,071,026 1,873,933

Charitable activities

Patient care 2,940,769 669,071 3,609,840 3,711,789

Information services 29,491 61,578 91,069 72,834

Other services 357,097 226,153 583,250 570,174

3,327,357 956,802 4,284,159 4,354,797

Governance costs - 58,638 58,638 56,317

Total resources expended 4,490,428 1,923,395 6,413,823 6,285,047

6. NET INCOME FOR THE PERIOD

2013 2012

£ £

Operating leases for land and buildings 323,217 230,304

Amortisation 12,513 -

Depreciation 141,141 95,441

Auditors remuneration - for audit services 13,095 13,080

- for other services 3,750 3,330


7. EMPLOYEES AND STAFF COSTS

2013 2012

£ £

Gross salaries and wages 3,953,341 4,065,479

Employer's National Insurance 340,037 357,078

Employer's pension contributions 207,372 215,170

4,500,750 4,637,727

The average number of staff employed by the charitable company during the financial period, including part time staff, was:

2013 2012

Direct charitable work 106 112

Fundraising and publicity 30 23

Shop staff 29 29

Management and administration 15 20

180 184

Two employees were remunerated at a rate of between £60,000 and £70,000 p.a. (2012: Two)

No Trustees or anyone connected with them received any remuneration and no contributions were made to pension schemes in respect of Trustees. No Trustees or anyone connected with them received any expenses during the year (2012: £Nil).

8. INTANGIBLE FIXED ASSETS Group only as the company has no intangible fixed assets.

Goodwill

Cost £

At 1 April 2012 -

Additions 500,500

Disposals -

At 31 March 2013 500,500

Amortisation

At 1 April 2012 -

Charge for the year 12,513

Disposals -

At 31 March 2013 12,513

Net book value

At 31 March 2013 487,987

At 31 March 2012 -


9. TANGIBLE FIXED ASSETS Group only as the company has no tangible fixed assets.

Land and buildings

Leasehold improvements

Fixtures and fittings

Tools and equipment

Motor vehicles

Total

Cost £ £ £ £ £ £

At 1 April 2012 2,050,942 145,826 39,432 255,445 107,013 2,598,658

Additions - 49,802 - 46,673 - 96,474

Disposals - - - - - -

At 31 March 2013 2,050,942 195,628 39,432 302,118 107,013 2,695,132

Depreciation

At 1 April 2012 280,211 48,042 32,754 176,289 97,190 634,486

Charge for the year 20,822 27,482 3,773 36,190 2,875 91,141

Disposals - - - - - -

At 31 March 2013 301,033 75,524 36,527 212,479 100,065 725,627

Net book value

At 31 March 2013 1,749,909 120,104 2,905 89,639 6,948 1,969,505

At 31 March 2012 1,770,731 97,784 6,678 79,156 9,823 1,964,172

The assets are all held for charitable purposes. Land and buildings comprises as follows:

2013 2012

£ £

Freehold property Land 329,550 329,550

Buildings 264,459 271,240

Long leasehold property 1,155,900 1,169,941

1,749,909 1,770,731


10. INVESTMENTS

Company Group Company Group

2013 2013 2012 2012

£ £ £ £

Unlisted investments 100,002 325,473 - 225,474

Listed investments - 668,310 - 649,250

Property 700,000 700,000 750,000 750,000

800,002 1,693,783 750,000 1,624,724

Unlisted investments – group only At 31 March 2013 Iain Rennie Hospice at Home and St Albans and Dacorum Day Hospice each owned twelve shares of £1 nominal value each in The Hospice Lottery Partnership Limited, a company registered in England carrying out fundraising for seven hospices (2012: twelve shares each). Each participating hospice has a representative on The Hospice Lottery Partnership Limited Board.

During the period ended 31 March 2013 The Hospice Lottery Partnership Limited made donations to group companies totalling £243,692 (2012: £219,050) from surplus income arising from the lottery. At 31 March 2013 £3,047 was due to the group from The Hospice Lottery Partnership Limited (2012: £18,250 due to the group).

During the year Rennie Grove Hospice Care agreed to enter into a joint venture with two other charities, St Francis Hospice and The Peace Hospice, to form a company to provide domicillary healthcare facilities. The sum of £100,000 was loaned in December 2012 on commercial rates to Shine Homecare Ltd representing a third share of the working capital required for the venture. To date no statutory accounts have been produced.

Property – company and group The property was given to Iain Rennie Hospice at Home in 2011 and was transferred to Rennie Grove Hospice Care during the year ended 31 March 2012. It was originally valued at £800,000 and in the opinion of the trustees it is now worth £700,000. During the period it generated rental income of £94,500 (2012: £92,688).


2013 2013 2012 2012

£ £ £ £

At 1 April 2012 750,000 750,000 - 800,000

Additions - - 800,000 -

Unrealised loss for the year (50,000) (50,000) (50,000) (50,000)

At 31 March 2013 700,000 700,000 750,000 750,000

Listed Investments – Group only The listed investments are a portfolio of corporate bonds with maturity dates from 2013 to 2019 and holdings in Promethean PLC, Schroders Investment Management Limited Charity Equity Fund and M&G Charifund. The movements on these investments during the financial period were as follows:

2013 2012

£ £

Market value at 1 April 2012 649,250 567,209

Additions 218,145 566,769

Disposals (205,945) (508,697)

Net unrealised gains/(losses) during the year 6,860 23,969

Market value at 31 March 2013 668,310 649,250

Historic cost 604,816 605,584


11. STOCK


2013 2013 2012 2012

£ £ £ £

Stock - 6,199 - 4,304

12. DEBTORS


2013 2013 2012 2012

£ £ £ £

Income tax recoverable - 43,402 - 33,194

Prepayments & accrued income - 229,651 - 148,335

Other debtors - 3,855 369 78,050

- 276,908 369 259,579

13. CREDITORS: Amounts falling due within one period


2013 2013 2012 2012

£ £ £ £

Trade creditors - 600 - 2,489

PAYE & social security - 92,409 - 108,817

Pension contributions - 31,894 - 46,723

VAT - 4,802 - 2,124

Amounts due to group undertakings 6,209 - 29,576 -

Loans - - - 30,000

Accruals and deferred income 3,800 259,366 - 519,632

Other creditors - 84,140 3,660 168,866

10,009 473,211 33,236 878,651

Accruals and deferred income includes deferred income as follows:


2013 2013 2012 2012

£ £ £ £

At 1 April 2012 - 439,031 - 328,158

Amounts received in the year relating to future periods - 66,417 - 439,031

Amounts released in the year - (439,031) - (328,158)

At 31 March 2013 - 66,417 - 439,031


14. MOVEMENTS ON FUNDS Group

At 1 April 2012

Incoming resources

Outgoing resources

Transfers At 31 March 2013

Restricted funds £ £ £ £ £

Property fund 1,770,731 - - (20,822) 1,749,909

Pepper Foundation (18,277) 358,575 (314,931) - 25,367

Department of Health - 83,752 (83,752) - -

Other restricted funds 95,795 226,139 (266,449) - 55,485

1,848,249 668,466 (665,132) (20,822) 1,830,761

Unrestricted funds

Designated funds

Equipment fund 193,115 - - 26,481 219,596

193,115 - - 26,481 219,596

General unrestricted funds 2,857,504 5,474,857 (5,671,199) (5,659) 2,655,503

Iain Rennie Hospice Services Ltd 12,364 77,808 (77,493) - 12,679

3,062,983 5,552,665 (5,748,692) 20,822 2,887,778

Total funds 4,911,232 6,221,131 (6,413,824) - 4,718,539

Company

At 1 April 2012

Incoming resources

Outgoing resources

Transfers At 31 March 2013

Restricted funds £ £ £ £ £

Other restricted funds 5,060 129,146 (98,097) - 36,109

5,060 129,146 (98,097) - 36,109

Unrestricted funds

General unrestricted funds 841,390 8,681 (53,741) - 796,330

Total funds 846,450 137,827 (151,838) - 832,439

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

The Tagged Income fund consists of donations and grants for specific purposes. They are included within incoming resources in the period of receipt and expenditure that meets the purposes specified by the donors is charged to this fund.

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

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

The Equipment Fund represents the net book value of the fixed assets other than the property.

Iain Rennie Hospice Services represents the reserves of the trading subsidiary.


15. COMMITMENTS UNDER OPERATING LEASES As at 31 March 2013 the charitable company had annual commitments under non-cancellable operating leases as follows:

Land & buildings

Other Land & buildings

Other

2013 2013 2012 2012

£ £ £ £

Less than one year 53,212 - 19,368 -

Two to five years 64,288 1,426 128,401 1,189

Over five years 226,081 - 40,080 -

343,581 1,426 187,849 1,189

16. SUBSIDIARIES The charitable company had the following subsidiaries, which were all incorporated in England and Wales. Name of subsidiary Type of entity Ownership Nature of business

St Albans and Dacorum Day Hospice (GH)

Charitable company 100% Day hospice

Iain Rennie Hospice At Home (IRHH) Charitable company 100% Hospice care at home Iain Rennie Hospice Services Limited (IRHS)

Trading company 100%* Charity shops

Their results for the period, assets and liabilities have been included in these consolidated financial statements.

*These shares were held by Iain Rennie Hospice At Home until 31 March 2013, at which date they were transferred to Rennie Grove.

17. CONTINGENCIES There were no contingent liabilities at 31 March 2013 (2012: £Nil).

18. CAPITAL COMMITMENTS There were no capital commitments at 31 March 2013 (2012: £Nil).

19. COMPANY LIMITED BY GUARANTEE The charitable company is incorporated under the Companies Act 2006 as a company limited by guarantee and without a share capital.

20. RELATED PARTY TRANSACTIONS The charitable company is part of a group including two other charities, St Albans and Dacorum Day Hospice and Iain Rennie Hospice at Home, and a trading company, Iain Rennie Hospice Services Limited. During the year there have been transactions with each of these entities on a normal commercial basis. In addition, the financial statements of Iain Rennie Hospice Services Limited (IRHS) include a gift aid donation of £8,681 to Rennie Grove (2012: £11,971 to Iain Rennie Hospice at Home).

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