RUH
Royal
Chari
Trading as RUHX
Annual Report & Financial
Statements
-41,20
NHS
FUIiDTrAISING
REGULATOR
Royal United Hospitals Bath
NHS F￿￿￿￿￿0￿ Trust

Contents
Introduction from our Chair of the Charity Committee
A message from the Chief Executive of the hospital
About Us
Our Impact: Redevelopment
Our Impact: Research
12
14
Our Impact: Patients. welfare and amenities
16
Our Impact: Staff welfare and amenities
Our Impact: Staff costs for charitable activities
Financial review
20
21
22
Funds
26
Our people
Structure and management
28
30
Governance and compliance
32
Risk management
Further details
34
37
Annual accounts 2024125
38

Introduction from our Chair of
the Charity Committee
It gives me great pleasure to present
the Annual report and Financial
Statements of RUHX for 2024125.
During the year the charity raised £3,155,000
(2023124: £3.067.000) which was up against the
previous year as a result of an increase in legacies
which make such a huge difference each year to
the charity. On behalf of the trustees, I would like
to thank each and every person who has donated,
fundraised or left a gift in their Will helping achieve
this amount.
As you read this report, you will discover some of
the key successes, signilicant grants made and
research undertaken during the year made such
as the Royal opening of the Dyson Cancer Centre,
a new service now in place to help treat ovarian
cancers, and a new Linear Accelerator (LINAC)
machine costing £1.900.000 for the Radiotherapy
department to name a few. You can read more
about these in the report.
Increasing our equipment grants expenditure by
£1,000,000 during the year.
Growing our internal grant making to ensure
we can be as impactful as possible across the
hospital.
Once again thank you to each and every one of you
who have helped make a very real and significant
difference to the staff and patients at the RUH Bath
during 2024125 through your charitable grants and
donations.
It's not just the large grants made by the charity
that make a difference. Many much smaller
charitable activities continue to support the work of
the hospital from research, funding innovative new
technologies and supporting Trust staff to do what
they do best. In total the charity spent £3.350.000
(2023124: £4.616,000) on charitable activities
during the year.
I would like to finish by acknowledging the 6 years
of service that Alison Ryan has provided as one of
our Trustees whilst serving as RUH Chair. She has
been an extraordinary ambassador for the charity
and helped steer it through some challenging times
during the pandemic.
As we look forward to 2025126, we have set a
number of overarching objectives for the charity as
well as a few specilic ones, such as:
. Fundraising for a new £4,000,000 PET-CT Scanner
will be launched to the public to ensure the
hospital continues to be able to offer this service
to our patients locally.
Sumita Hutchison
Chair of the Charities Committee
ruhx.org.uk

A message from the Chief Executive
of the hospital
Caring for people is at the heart of
everything we do at the RUH:
. The people we care for
. The people we work with
• The people in our community
As both Chief Executive of the Royal United
Hospitals Bath and previously a registered nurse, it's
so inspiring to see how our community continues
to come together with its local hospital to make an
extraordinary difference to our staff, patients, and
their families the generous donations and legacies
made to the charity.
which wouldn't have been possible without the
£IOm raised by the charity.
Whilst it is easy to talk of such an extraordinary
building, this doesn't take away from the many other
equally impactful things you will read about in this
report. and it is all thanks to the ongoing support
from the charities kind supporters that we are able
to continue to build, buy and provide life changing
services for the 500,000 people in our community.
During the year the Trust opened the Dyson Cancer
Centre to its first patients in what is a major
milestone for our community - we know cancer
affects many lives and this new centre will help
transform the care we provide for the people we
care for and their loved ones, as well as providing an
exceptional working environment for our dedicated
staff.
On behalf of the RUH Board, I would like to thank
each and every person who continues to support
the hospital.
Together with patients, staff and those with an
interest in cancer services we've looked at every
aspect of the care we provide and the surroundings
we provide it in. We've worked to create a place
where excellent clinical care is matched by a healing
environment.
Cara Charles-Barks
Chief Executive - BSW Hospitals Group
Royal United Hospitals Bath NHS Foundation Trust
In September we welcomed Her Majesty the Queen
to officially open the Dyson Cancer Centre with
patients, staff, supporters and guests from the
wider community on hand to mark the occasion.
Her Majesty met with staff and patients in the
Medlock Day Care Unit. before visiting The William
Budd inpatient ward. and spent time in the special
courtyard space which was created to allow the
hospital's most vulnerable patients the opportunity
to spend time outdoors.
It was a real pleasure to welcome Her Majesty the
Queen to the Royal United Hospitals (RUH). The
Dyson Cancer Centre really is a wonderful building
Annual Report & Financial Statements 2024125

About Us
At RUHX, we're more than a hospital
charity.
Our 2023 - 2028 Vision
. We will lead the way. We'll be recognised for
leading the call for exceptional healthcare for
everyone. A well-established brand that inspires
and connects.
We go further to give every patient the extra
extraordinary care they deserve, while supporting
our staff to do what they do best and furthering
innovation within our hospitals. We're out there in
our community, collaborating with the people and
organisations who drive real change. And we're
making sure that every penny we raise goes towards
improving health. happiness and wellbeing for
everyone in Bath and beyond. Because together, we
have the power to do more.
. We will strive to improve the health of people in
our community. We will work closely within our
community, collaborating with the amazing people
and organisations who drive real change to tackle
health inequalities.
. We will know our impact. We will show our donors
the difference we make and what this means for
the lives of people in Bath and beyond.
Our Purpose
. We will further innovation and technology. We
will further innovation and technology that will
speed-up patient recovery times.
We're here to make our place healthier. happier
and stronger for the future. And we do that by
supporting the extra extraordinary work that leads
to exceptional care for everyone.
. We will be more recognised internally and
externally. There is no confusion about who we
are and what we do. Everyone will be clear about
the relationship between the hospital and the
charity.
. We'll inspire and shape the debate by
transforming NHS Charities by example (building
on our work with NHS Charities Together).
. We will raise more money. By being true to our
purpose we will be front of mind, most relevant,
and, as a result, increase the money we raise.
Our Values
RUHX has 4 values, which are the heartbeat of
our charity..
Community: We're here to bring people together
to build trust, inspire others. and share all
we have. We're a charity built on empathy and
compassion and putting the needs of real people
first. Together. we can do more.
Positively disruptive: If the rules aren't helping
us to make our place healthier and happier for
everyone, we're not afraid to challenge them.
We're brave, bold and ready to shake things up if it
means making a difference.
Science with heart: As a hospital charity we talk a
lot about health conditions, research, technology
and science - but that doesn't mean we leave out
the real people at the heart of it all. We bring out
the human element in every story.
Exchange (Give & Take): We're here for the people
at the heart of our diverse community. That's why.
whether it's our staff or our supporters, we're
committed to giving back as much as we welcome
promoting equality and inclusivity across all
we do.
These values align with the Royal United Hospitals
values of Everyone Matters, Working Together and
Making a difference.
ruhx.org.uk

Our 2023 - 2028 Goals
Our RUHX people groups and goals align with and support the delivery of the RUH You Matter Strategy 2023-
28 in addition to ensuring that our activity aligns with our charitable purpose and ambitions.
The people we care for
The people we work with
The people in our
community
Funding projects that deliver
innovation, research and
extra-extraordinary care
for 811.
Supporting our people to
be extra-extraordinary
through health and wellbeing
initiatives.
Growing our charity
recognition and support
within our community to
achieve sustainable growth.
Enabling the people we care
for and their loved ones to
invest, say thank you and
give back to their RUH and
community healthcare.
Supporting our strong
motivated RUHX Team to
deliver together on our
ambitions.
Growing. engaging. listening.
inspiring and thanking new
and existing supporters and
volunteers.
Supporting the people
we care for and their
loved ones through their
journey of recovery and in
bereavement.
Collaborating with teams
across the RUH to maximise
the impact of charitable
funding.
Collaborating with
community partners to
drive real change and tackle
health inequalities.
How we will deliver
Our Values
RUH Improving Together
Key RUHX Programmes
The bedrock of
our charity culture,
underpinning how we
bring our strategy to life
for all of our people
. Community
Exchange
Science with heart
Our operating framework,
which guides how we
approach problems.
and collectively work
together to continuously
improve
Programmes of work,
taking a long term view
of what we need to do to
achieve our vision
RUHX brand growth
Impact framework
RUHX funds restructure
Supporter Journeys
. Our team development
Positively Disruptive
Annual Report & Financial Statements 2024125

Charitable Objectives
We're the official NHS charity of the Royal United Hospitals Bath NHS Foundation Trust - but there's more to
us than events and fundraisers. We're dedicated to putting the 'extra' in extraordinary care for everyone who
needs it
whether that means funding innovative new technologies or collaborating with groups tackling
health inequalities. We're supporting our staff to do what they do best, taking care of the people who take care
of you. We're helping more people to live healthier, happier lives, reducing the pressure on our hospitals by
empowering positive change. And we're working closely with community partners to ensure the most positive
future for Bath and beyond.
We achieve this by working with the Royal United Hospitals Bath NHS Foundation Trust to go further to give
every patient the extra extraordinary care they deserve:
Objectives
Progress in year
Objective 1: We will put the extra in
extraordinary care for all those needing our
care.
. Opening of Dyson Cancer Centre.
Completion of ICU - Pendants.
Neonatal Unit (NNU) Transitional care
project.
Jubilee Garden Pod project for babyloss.
Funding of Compassion Companions.
Breast Unit Ultrasounds x 2.
Wellbeing Garden.
Living sky units in the radiotherapy Linac
bunkers.
Patient chairs on various wards.
Family sleeper beds on a number of wards to
be near loved ones.
Palliative and end-of-life care resources for all
wards.
This includes funding small projects on wards
to enhance the patient experience.
Continued support for compassionate
companions, volunteer programme.
Continuing to fund and grow our arts
participation programme.
Helping fund capital projects and ward
enhancements that demonstrate the extra-
extraordinary and go above and beyond
standard NHS funding.
To aspire to achieve excellent standards in
the sustainability of future charitable-funded
capital-build projects and refurbishments
such as BREEAM certifi'cation.
Objective 2: We will push the boundaries of
healthcare: enabling fasterlfurtherlbroader
innovation
Funding of new Linac.
Introduction of Hyperthermic Intraperitoneal
Chemotherapy (HIPEC) for treatment of
ovarian cancer.
Funding of Super Rehab research.
Osteoporosis and Lupus research projects.
Funding the latest medical equipment and
technology.
Funding investment to test Artificial
Intelligence.
Funding pilot initiatives to deliver digital care
alternatives.
Fund research that demonstrates clear
benelits to patients at the RUH and wider NHS
patients in the UK.
Fund pilot projects to enable clinicians to
improve sustainability in their care pathways.
ruhx.org.uk

Objectives
Progress in year
Objective 3: We will support our people to be
extraordinary- taking care of those who take
care of you.
NHS Charities Together Wellbeing garden.
NHS Charities Together Stress and burnout
project.
. Team away days.
. Staff development and attendance and
conferences (including overseas).
Enhancements to staff rest areas and
provision of equipment such as microwaves
etc.
. Team of the month & staff awards.
Provide funding to enhance staff rest areas.
Improve facilities to encourage more staff to
travel to work actively.
Creation and enhancement of green spaces,
such as the wellbeing garden and green heart,
to provide more outdoor space for staff during
breaks.
Enhancing staff mental health and wellbeing
offerings. such as mental health first aiders
(MHFA) training, Working with Cancer Pilot
and supporting pilot diversity and inclusion
projects.
Support staff training over and above
Continuing Professional Development (CPD)
and mandatory training demonstrating clearly
applied learning to improve patient experience
and health outcomes.
Objective 4: We will work together to create
sustainably healthier communities: Tackling
health inequalities and drivers of ill health.
Completion of NHS Charities Together
Community Partnerships programme.
Neonatal Unit (NNU) Transitional Care Project.
Paediatric Diabetes Project.
The Dyson Cancer Centre has achieved a
BREEAM Excellent rating.
NHS Charities Together Wellbeing garden has
contributed to increasing biodiversity.
Speech & Language Therapy writing tablets
to support patients with communication
difficulties.
Sensory aids for neurodiverse patients in ED.
Trowbridge Maternity Unit - equipment for
antenatal teaching included a diverse range of
dolls to deliver inclusive training.
Working with the sustainability team to create
a community volunteer and engagement
programme to support the new Wellbeing
Garden, Green Heart and support further
biodiversity plans for the RUH green spaces.
To carry out sustainability assessments
for f uture large charity projects, including
capital projects, medical equipment and other
projects.
To explore the potential for new projects that
support green social prescribing for staff and
patients.
Support projects that tackle health
inequalities and the drivers of ill health.
which cause avoidable, unfair. and systematic
differences in health between different groups
of patients and people in our community. For
example, the children's diabetes project.
Annual Report & Financial Statements 2024125

Objectives
Progress in year
Objective 5: Wo will help to keep peopl8 out
of hospital - through prevention and early
discharge support
Robotic surgery introduced in 2023 has now
piloted same day discharge after prostate
surgery.
Breast Unit Ultrasounds x 2 have contributed
to one stop shop.
Completion of NHS Charities Together
Community Partnerships Programme.
Super Rehab research project.
Fund pilot projects, research and technology
that preventlreduce the admission and
readmission of patients.
Support pilot projects, research and
technology, which reduce the length of stay
for patients. Eg.. Robotic Surgery.
Support projects working with underserved
populations in our community to tackle
health inequalities and promote the health and
well-being of our local community. Eg.. NHS
Charities Together Community Partnerships
Programme.
ruhx.org.uk

2024125 highlights and challenges
Highlights
Dyson Cancer Centre welcomed fi'rst patients in
April 2024.
2025126 Plans and challenges
Plans
. Launch new £4m PET-CT Scanner Campaign.
Helping fund capital projects and ward
enhancements that demonstrate the
extra-extraordinary and go above and beyond
standard NHS funding.
Her Majesty the Queen officially opened the Dyson
Cancer Centre in September 2024.
Bath Life 2025 Legends category winners.
Honoured with the special recognition for our
commitment to the community over the past 20+
years.
Work with internal stakeholders to assist and
prioritise expenditure as part of the internal grant
making processes.
New Intensive Care Unit opened which included
ceiling mounted pendants to house equipment
used to care for patients funded by the charity.
Fund research that demonstrates clear benefits
to patients at the RUH and wider NHS patients in
the UK.
Charity funded Super Rehab research programme
praised by patients.
Support projects that tackle health inequalities
and the drivers of ill health, which cause avoidable,
unfair, and systematic differences in health
between different groups of patients and people
in our community. For example, the children's
diabetes project.
Unsung hero Gary Cook was Pride of Britain 2024
West Region winner, for his work raising funds
through his metal detecting events.
The charity celebrated 25 years in September
2024.
Increase the number of grant applications in year
to maximise impact across the hospital.
New HIPEC (Hyperthermic Intraperitoneal
Chemotherapy) service. which will treat
Ovarian cancers made possible with
equipment purchased by the charity.
Challenges
. The continued turbulence caused by the wars in
Ukraine and Israel, the cost-of-living crisis, and
rising inflation causes concern about the future of
income and investments.
Challenges
Charity staff turnover continues to present
challenges with capacity.
Continued charity staff turnover continues to
present challenges with capacity.
Launching of new PET-CT Scanner capital
campaign delayed, now launching in 2025126
financial year.
10 Annual Report & Financial Statements 2024125

In 2025 the charity will be launching a new £4 million, 3 year fundraising campaign
to provide a new PET-CT Scanner and two additional uptake rooms within the
Radiology department.
New PET-CT Scanner Campaign
At RUHX, we believe in providing more
than just good care-we aim to deliver
extra extraordinary care
The existing equipment has served the Trust well
since it went into clinical use in June 2016, but
medical technology has advanced significantly, and
we are now reaching the limits of what our current
machine can provide.
To keep our hospital at the forefront of medical
innovation and futureproof our service for the next
decade; we are funding the investment in a new
PET-CT Scanner and the building of two additional
uptakes rooms in the Radiology Department.
The Medical Physics and Radiology teams currently
perform over1.700 individual scans annually and
demand is increasing every year. With the latest
scanning technology and increasing the number of
uptake rooms, we will be able to carry out up to
5,000 scans per year.
The Royal United Hospitals is a regional centre
of excellence in radiology. serving over 500.000
people across the South West, receiving referrals
from across the UK.
Without this upgrade, our scanning capacity
will be maxed out by 2028, which means longer
waiting times and delayed diagnoses. We cannot
afford to let this happen. The latest technology
and additional space will dramatically improve
patient outcomes, enabling earlier detection and
more personalised treatment for some of the most
challenging diseases.
The Trust stands at the forefront of healthcare
innovation, renowned for its comprehensive nuclear
medicine services and commitment to excellence.
The new PET-CT scanner campaign will reinforce
our position as a regional centre of excellence in
advanced imaging services, benefiting patients
throughout our catchment area and beyond.
ruhx.org.uk

Our Impact: Redevelopment
In 2024125, we spent £349,000 (2023124= £Nil). This was due to finalising the
Dyson Cancer Centre building works, demolition of the old oncology. and payments
held until completion of contract. All redevelopment projects which benefit
from charitable funding are undertaken by the Royal United Hospitals Bath NHS
Foundation Trust once funding has been agreed and secured by the charity.
Dyson Cancer Centre
The Dyson Cancer Centre
wai opened by
Her Majesty Queen Camilla
3rd September 2024
Royal ijnitsd Plospffa15 Bath
12 Annual Report & Financial Statements 2024125

On 3rd September 2024, Her Majesty the Queen
officially opened the Dyson Cancer Centre.
The local community came to celebrate this
momentous occasion12 years in the making.
other 8nti-C8ncer treatments. She then visited the
William Budd Ward and its courtyard, a nurturing,
natural space that invites inpatients to spend time
outdoors.
During the Queen's visit to the Dyson Cancer
Centre for the official opening ceremony, staff
shared with Her Majesty the most important
features of the extraordinary new facility-
Her Majesty said. "everybody I've met - whether it's
the patients, the families or the nursing staff and
the helpers - all seem to be over the moon about
it.
Upon her arrival, Her Majesty was taken on a guided
tour of the new purpose-built centre, which brings
together for the first time several of the RUH'S
cancer services under one roof, including oncology,
chemotherapy and radiotherapy services. research
team and nuclear medicine and physics teams. as
well as a 22-bed inpatient ward and a dedicated
pharmacy.
Following the tour, Her Majesty unveiled a plaque
to commemorate the occasion and spoke a
few kind words. "Can I congratulate all of you on
this wonderful centre." she said. "It's got a very
welcoming atmosphere and you can see that it
actually raises people's spirits in a very difficult
time. It is very special, so thank you very much for
asking me to open it."
During the one-hour tour, Her Majesty met with
staff and patients in the Medlock Day Care Unit.
which provides specialist non-surgical treatments
for people with cancer, including chemotherapy and
Her Majesty was then presented with a posy by Riya
Gowda, a pupil from a local school whose father is a
consultant oncologist at the Centre.
ruhx.org.uk
13

Our Impact: Research
In 2024125, we spent £55,000
(2023124: £63,000) towards research.
Super Rehab research programme praised by
patients.
An innovative lifestyle intervention called Super
Rehab has been praised for helping to halt the
progression of heart disease.
The decrease in expenditure was due to a
continued upturn in activity within the research
division.
Staff costs relating to research can be found on
page 21.
Led by the RUH'S cardiovascular research team,
working in partnership with the University of Bath.
Super Rehab is all about testing the impact of a
high-level, well-resourced one-to-one support
programme for patients with heart disease.
It offers more than just advice, providing a tailored
diet and exercise programme personalised to the
individual with support to make sure the changes
are practical and can become part of a daily
routine.
Research is a valuable part
of NHS healthcare, and
crucial to drive real change
and enhance the care,
happiness and wellbeing
of our patients, here at
the RUH and beyond. The
more we learn. the more
we can help.
Super Rehab is being offered to patients earlier
in the evolution of their forms of heart disease
than other rehab programmes, aiming to halt
its progression, help patients feel better, and
potentially even reverse the disease process and
turn the clock back.
In the first phase of the research, which has now
concluded, if a CT scan showed that a patient was
at risk of developing cardiovascular disease, or at
risk of a heart attack, they were offered the chance
to join the Super Rehab study.
Patients were offered Super Rehab in addition to
standard treatments for their heart disease. and
the research team is collaborating with researchers
at the University of Oxford to track the impact
using the very latest heart imaging techniques
and industry partners for heart rhythm monitoring,
alongside blood tests and fitness tests.
14 Annual Report & Financial Statements 2024125

regardless of how long they have had the condition.
News of the research's early success has proved,
finally, that there is a potentially promising future
ahead or CRPS patients. However, more study, and
research is required. And that demands continued
funding."We need to focus on improving early
CRPS follow-up outcomes," says Jenny. "While early
intervention remains important. our findings
emphasise the value of adopting a more nuanced
and individual approach to rehabilitation.
The duration of pain might not be the sole
determinant of treatment success and other factors
should be considered when tailoring interventions
for those with CRPS." In short: we've got a long way
to go yet.
Complex Regional Pain Syndrome (CRPS).
Complex Regional Pain Syndrome, a complex,
disabling pain condition, changes the lives of its
sufferers. After several years of expert clinical
research lead by the RUH research team. and
funded by the charity, a breakthrough has finally
been made.
"For years, there was an established assumption
that those who participate in rehabilitation
soon after developing CRPS have better
clinical outcomes," says Dr Jenny Lewis, Senior
Occupational Therapist, National CRPS Service
and Associate Professor in Clinical Research.
University of the West of England (UWE), whose
team led the research. "This widely held belief has
guided international CRPS management and clinical
practice. yet no one has put this to the test. Until
now."
Together with a group of physiotherapy students
based at UWE, Jenny and her research team
analysed data from a large group of RUH patients
with CRPS who attended a functional rehabilitation
programme. They tracked the patients, progress
over an extended period and discovered - strikingly
that patients with CRPS for a year or more did
better in rehabilitation (and demonstrated the
ability to maintain their gains at three months),
unlike their counterparts with early CRPS of under
a year in duration. That's the opposite of the
commonly held assumption. This suggests that
people with CRPS can benefit from rehabilitation
ruhx.org.uk
15

Our Impact: Patients, welfare and amenities
In 2024125, we spent £2,493,000
excluding £349,000 of redevelopment
costs (2023124: £3,966,000 with £Nil
development costs) towards patients.
welfare and amenities. Expenditure
has decreased against the previous
year due to funding against medical
equipment being high in 2023124.
During the year funds were spent on..
Entertainment and recreation (-£2,000)
Furniture (£118,000)
Medical equipment (£2,251,000)
. Arts & music (£3.000)
. General expenditure (£113.000)
NHS Charities Together Funding (£10,000)
Linear Accelerator (LINAC)
During the year the charity funded a Varian
TrueBeam New Linear Accelerator (LINAC) costing
£1.9m for the Radiotherapy department.
display that displays natural images and brightens
up the patient's view, providing a less intimidating
and overwhelming environment. The LINAC machine
was delivered to RUH in December 2024.
The LINAC uses microwave technology (similar to
that used for radar) to emit and then transform
high-energy X-ray beams. or electrons. into the
same shape as a patient's tumour. Incredible. Then,
using radiation, it destroys the cancer cells while
sparing the surrounding normal tissue.
he purchase of this new LINAC helps
radiographers provide a less intimidating
environment for patients undergoing a course of
radiotherapy treatment. With reduced anxiety
the patients are able to tolerate treatment better
and this can reduce the reliance on other support
teams within the hospital.-
In addition we've also provided a lighting system
called Sky Inside as there's no natural light in the
LINAC - due to the radiation shielding. The Sky
Inside system lights up the'bunker, using a digital
Lisa Tolson. Radiotherapy Treatment Floor
Superintendent
l•
16 Annual Report & Financial Statements 2024125

ICU Pendants
Every year, the RUH'S Intensive Care ward is the
frontline for more than 800 patients to access
urgent treatment. It is the first line of defence for
patients suffering from life-threatening events such
as serious accidents and short-term conditions.
such as heart attacks or infections.
Housing the new Clinical Information System (CIS),
the bedside computer and all interconnecting
cables that digitally records and stores patient
data. (This saves staff thousands of hours of time
having to record data manually, and enables better
and quicker decisions).
To assist the ward in its crucial delivery of life-
saving services, in early 2025,13 brand-new bed
pendants were funded by the charity. costing
£224,000. These critical bedside stations give staff
the optimum environment to assess patients up
close, including greatly improved features such as=
Delivers essential medical equipment from a single
central unit, including gasses, and all electricity.
-There are multiple benefits for our ICU team
from these new bed pendants including
enhanced workflow efficienoy, improved access
to patients and increased safety. Thank you to
RUHX and Friends of the RUHI-
Enhanced access to patients and, crucially,
immediate access to the head of the bed in an
William Headdon. Consultant in Anaesthesia and
ICM and Clinical Lead for Intensive Care
emergency.
ruhx.org.uk
17

Breast Unit Ultrasound
For several years, RUH'S Breast Unit was reliant on
older ultrasound machines that took a long time to
load and produced an image of lower quality, when
compared with other models.
and practitioners, simply in terms of efliciency.
Also, having several ultrasound machines in the
Breast Unit means the department can finally offer
'one stop shop. when it comes to treatment,
ensuring patients can avoid multiple appointments
and receive a faster diagnosis and treatment.
During 2024 two new upgraded Ultrasound
machines were funded by the charity at a cost of
£126,000. These machines now come equipped
with cutting-edge advancements in breast imaging
technology and will simplify (and speed up)
ultrasound examinations for patients. as well as
produce a vastly superior high-delinition image.
enabling doctors to make better informed decisions
about treatment. In such a short time, these two
machines have already proved their value by making
a significantly positive impact for women awaiting a
potential cancer diagnosis and for our consultants
-The introduction of two new ultrasound
machines marks a significant contribution to our
Breast Unit. We have three ultrasound consulting
rooms now offering the same high standard of
cancer detection capability to our patients whftle
empowering our clinicians with additional tools to
create sharper imaging and precise diagnostics
to improve outcomes.-
Diana Dalgliesh. Lead Clinician for Breast
Radiology
18 Annual Report & Financial Statements 2024125

HIPEC (Hyperthermic Intraperitoneal Chemotherapy)
Ovarian cancers that spread to the lining of the
abdominal cavity can be difficult to treat. A brand-
new cutting-edge treatment option called HIPEC.
or Hyperthermic Intraperitoneal Chemotherapy, is
available for the first time thanks to funding from
the charity. This new service has the potential to
be a great advance in ovary cancer care. Currently,
only the Royal Marsden, the Christie and a handful
of other hospitals in the UK can otter this state-of-
the-art service.
HIPEC significantly improves survival for patients
with advanced ovarian cancer compared to other
recent advances in ovarian cancer surgery and the
addition of this machine ensures the department
continues to add to the full range of gynaecological
oncology services the RUH provides.
-Thanks to the hard work of the whole team at
the RUH we are now in the fantastic position
of being able to have this treatment routinely
available to our ovarian cancer patients. We aro
now looking at other options for the advanced
treatment of cancer patients with intra
peritoneal cancer which we hope to bring to the
RUH.-
HIPEC is a two-step procedure that treats ovarian
cancer during surgery. Put simply, the cancer is
surgically removed, and then high doses of heated
chemotherapy are pumped into the abdomen
directly. The procedure can improve long-term
outcomes and provide more treatment options for
patients who have been diagnosed with inoperable
or advanced stage cancer.
Jonathon Frost. Consultant Gynaecologist
ruhx.org.uk
19

Our Impact: Staff welfare and amenities
In 2024125, we spent £140,000
(2023124: £185,000) towards staff
welfare and amenities.
During the year funds were spent on:
Education (£58,000)
. Equipment (£22,000)
General expenditure (£50,000)
. Other (£9,000)
The decrease is due to reduction in staff education.
The charity helps fund courses where CPD
(Continuing Professional Development) is not
available. travel or one-off courses ensuring our
staff maintain the most up to date knowledge. The
charity does not fund Masters degrees or further
education.
Working with Cancer
Nearly l in 2 people born in the UK will get cancer
in their lifetime and there are more than 1,000 new
cases of cancer every day in the UK.
review policies and practices and recommend areas
for change.
The Working With Cancer team comprises business
professionals who have all had cancer or a profound
experience of it as a working carer. They are not
health professionals but over the last10 years have
successfully provided support to a wide variety of
health professionals living and working with cancer.
including a member of this Trust.
The good news is that many cancer cases are being
managed with new cancer treatments leading to
higher survival rates - 50% of people diagnosed
with cancer in England and Wales will survive their
disease for ten years or more. So many of the
people affected will want. and be able to. remain in
the workforce for longer.
For some time now the hospital has been
concerned about the level and type of support
they provide to the employees affected by cancer:
those living with cancer and working carers. There
are already enormous pressures on staff and we
know that working with or after cancer or managing
or working alongside someone with cancer can be
immensely challenging as we strive to deliver the
quality of patient care we are required to do. For
many reasons both practical and societal we simply
cannot afford to have people leave the hospital
because as employees they have not received the
support they needed to continue working with us.
Given this, with support from the charity, the
hospital has decided to join the global Working with
Cancer Pledge campaign which aims to improve
the support provided in the workplace to all those
affected by cancer and to end any stigma about
having the disease. To help us take this important
initiative forward, we have engaged the UK social
enterprise Working With Cancer to work with us to
20 Annual Report & Financial Statements 2024125

Our Impact: Staff costs for charitable activities
In 2024125, we spent £223,000
(2023124: £325,000) towards staff
costs associated with charitable
activities.
. Lupus Research (£49,000)
Charity funded Staff research time for on-going
programme of Lupus research within the RNHRD.
Grants Manager (£36,000)
Managing the grants process for the charity.
The increase is due to an uplift in activity and
associated costs.
Staff wellbeing (£16,000)
Allocation of charity funded staff time to support a
selection of staff wellbeing events across the
hospital.
The main activities in the year are-
Pastoral Support (£8,000)
Redeploying a clinical psychologist for two years
to implement a programme to support our staffs.
mental wellbeing funded by NHS Charities
Together. Cost decreased in year as this part of the
project was completed.
. Osteoporosis (£13,000)
Staff time to support ongoing research activity in
the areas of osteoporosis and Paget's disease.
. Cardiology Research (£68,000)
Funding the Super Rehab programme that aims to
halt the progression of heart disease, helps patient
feel better, and potentially turns the clock back
and reverse the disease. Helping to alleviate the
need for ongoing drugs or even surgery.
Breast Unit trainee Consultant Radiographer
(£25,000)
The charity has been funding a trainee Consultant
Radiographer for 2 years, enabling the RUH
to develop and pilot new Breast Consultant
Radiographer roles addressing the long-term
challenges of the national and local shortages
in the Breast Radiology Workforce. Funding now
completed.
Other Research (£8,000)
Including Clinical Myositis Research time, and other
RNHRD research time.
ruhx.org.uk
21

Financial review
Our income sources
Income to the charity is derived from donations and fundraising 8Ctivities, classified under six main streams-
Philanthropy
Trusts & Foundations (Grants)
Corporate Partnerships
Individual Giving (including direct mails)
Events & Community Fundraising
Legacy Fundraising
The six streams ensure diversity of income across a wide supporter base and help provide resilience against
changing market dynamics in one or more fundraising streams.
Our total income for the year 2024125 was £3,155,000 (2023124: £3,067,000).
Donations.. £1.027.000
Legacies: £1,590,000
Investments: £253,000
Other trading activities: £245,000
Income from Charitable Activities: £41,000
Other income: £0
Total income: £3,155,000
Donations decreased during the year to £1,027,000 (2023124: £1,275,000) this is due to having a larger number
of smaller projects, whilst the charity was awaiting approval for a new £4m Campaign to be launched in 2025.
Legacies, the income for which we recognise when there is evidence of entitlement to the gift, receipt
is probable and its amount can be measured reliably, increased against the previous year to £1,590,000
(2023124: £893,000) as a result of a number of high value bequests recognised.
Trading activities, which includes income from events decreased during the year to £245,000 (2023124:
£263.000).
Charitable Activities - Other Income which includes grants decreased during the year to £41,000 (2023124
£344,000) due to the completion of the NHS Charities Together Community Partnerships funding.
22 Annual Report & Financial Statements 2024125

How our money was spent
Total charitable expenditure in 2024125 was £3.380.000 (2023124: £4.616.000).
Funding is provided for research. medical equipment and systems. patients. family and staff support on an
annual basis. However, commitments are made to the hospital's redevelopment programme and systems and
equipment projects when they are ready to proceed and Ljsually extend over a number of years. These large
commitments give rise to significant variations in expenditure from one year to the next, with some years
requiring large amounts to be held in redevelopment funds.
Charitable activities expenditure
Use of funds
Total 2024125 £.000
Total 2023124 £.000
Patients, welfare and amenities
2493
3,966
Staff welfare and amenities
185
Staff costs for charitable activities
223
325
Research
55
63
Redevelopment
349
Support costs- admin fees and audit fee
90
77
Total Charitable Activities
3.350
4,616
°Patients' welfare and amenities has had redevelopment costs separated for transparency.
Patients. welfare and amenities saw a large decrease following the purchase and implementation of Robotic
assisted surgery equipment and other equipment for the Dyson Cancer Centre in prior year.
Charitable activities expenditure 2024125
Patients. welfare and amenities: £2,493,000
Staff welfare and amenities: £140,000
Staff costs for charitable activities.. £223,000
Research: £55,000
Redevelopment.: £349,000
Support costs - admin fees and audit fee.. £90,000
Total Charitable Activities: £3,350,000
ruhx.org.uk 23

Fundraising, support and governance expenditure
The total costs of raising funds and operating the charity increased to £804,000 (2023124: £767,000).
Expenditure on operation and raising funds
Total 2024125 £,000
Total 2023124 £,000
Fundraising St8ftin8
554
568
Fundraising costs
235
182
Investment costs
15
14
Other
Total expenditure on raising funds
804
767
The increase was attributed to an increase in fundraising costs for running events and promotion, although
there was also a reduction in staff costs in year.
Cost: income ratio
Investment policy and performance
The investment policy of the charity is risk averse,
with the Trustees, first priority being to preserve
capital in order to meet existing and future
commitments on capital programmes and other
expenditure.
To ensure we maintain the trust and support of
our donors. it is very important that the charity
optimises the amount of donated funds available
for charitable activity, whilst also investing in
income growth strategies for the future.
In line with the approach taken to measuring cost
ratios and Return on Investment by many other
charities. The ratio is calculated as follows-
Investment Portfolio
The portfolio can be made up of a mixture of
bonds, equities, alternative assets and cash, the
combination of which in the portfolio is managed by
the Investment Manager. Any significant changes to
the portfolio are ratified by the Charity Committee.
Cost: expenditure on raising funds and governance
of £804,000 less costs not directly related to
fundraising £15.000.
Income: income allocated to the charity before
gains on investments of £3,155,000 less realised
investment gains £253,000.
The charity invests through B8rcl8ys Wealth &
Investment Management (UK) Limited.
Investment portfolio includes..
The resultant calculation is £789,0001£2.902,000
27.2Yo or an ROI 3.68:I meaning £3.68 is raised per
every £1 spent {2023124'. 27% or an ROI 3.7:1).
Bonds
Equities
Alternative Assets & Other Investments
. Cash
24 Annual Report & Financial Statements 2024125

Certain investments are avoided to ensure an
ethical portfolio suitable for NHS charitable funds
i.e. companies that derive the majority of their
revenue from alcohol sales. tobacco sales or the
armaments industry will be excluded along with
companies that have a poor human rights record.
Risk Level of Investments
The investments held by the Charity are subject to
fluctuations in the stock market. Excessive volatility
in market risk is managed through the diversilication
of the porttolio in terms of geographical, industry
sectors. individual securities, and the investment
mandate guidelines set by Barclays Wealth &
Investment Management (UK) Limited.
As part of the portfolio, a cash account will be held
with an agreed minimum cash balance to allow for
automatic dis-investments of funds when needed
and to ensure the liquidity of the charitable funds
is not put at risk. The current agreed minimum cash
balance to be held is £250,000.
The Charity reviews and agrees on a yearly basis
the risk level for the investments. This is decided
in consultation with the Investment Managers
and takes account of cash flow needs in the
short, medium and longer term. The overall aim is
to maximise total return whilst balancing risk. In
2024125 the risk level was medium risk (2023124..
medium risk).
Surplus funds are pooled and invested in order
to maximise income while minimising risk for the
Charity. Income and cash, gains and losses of the
investments are distributed across the Charitable
Funds.
Barclays Wealth & Investment Management provide
monthly valuation reports, and these are shared with
the Charities Committee at their quarterly meetings.
During the financial year the investments generated
£253,000 (2023124: £291,000) of income and
unrealised gains of £85,000 (2023124.. £230,000).
Total 2024125 £.000
Total 2023124 £.000
Carrying value at l April
4.828
6.488
Purchases
385
1.165
Sales
(399)
(1.102)
Cash withdraw
(1.000)
(1.917)
Cash movement in year
(6)
(36)
Net movemgnt in year
(960)
(1.8901
Los5eslGain in year
85
230
Carrying value at 31 March
3.953
4.828
ruhx.org.uk 25

Funds
Funds of the charity
Unresticted Funds
Restricted Funds
Royal National
Hospital for
Rheumatic Diseases
General
Designated
RUH Research
Shelagh McBrien
Coronary Care Unit
RUH 2001 (Forever
Friends) Appeal
Unrestricted
Restricted
Total unrestricted reserves including designated
reserves total £3,977,000 (2023124: £2,677,000).
These are a number of different funds subject to
specific restrictions imposed by donors. which fall
within the wider objectives of the Charity. There
is currently £3.628.000 (2023124: £5.842,000) in
restricted funds which continued to decrease due
to Dyson Cancer Centre costs and the purchase of
the LINAC.
Unrestricted funds are expendable at the discretion
of the Trustees to further the charity's objectives.
The charity's general funds held within unrestricted
funds at 31 March 2025 were £1,257,000 (2023124:
£694.000). Each year. the Trustees review the
need to designate unrestricted funds raised to
existing assets. the redevelopment of the hospital
or to other specific projects to be committed and
spent in future years. This helps to provide financial
stability and confidence in the charity's ability to
fund vital areas of work within the hospital.
The restricted balance includes £2,067,000 relating
the Dyson Cancer Centre fundraising which is still to
be spent.
Designated funds are earmarked funds set aside.
at the trustees. discretion, for a specific purpose.
in our case where a ward or department receives
a donation. In 2024125 the number of funds were
rationalised as part of the implementation of the
internal grants process and still remain part of the
unrestricted funds of the charity. The charity's
designated funds at 31 March 2025 were £2721,000
(2023124: £1,983,000).
26 Annual Report & Financial Statements 2024125

The Trustees are keen to ensure that funds donated to the
charity are not only used on the highest priorities delivering
substantial impact but also that these funds are promptly
used so that impact and benefits can be realised as soon
as practical.
Review and revision to charity's reserves
The Trustees are keen to ensure that funds donated
to the charity are not only used on the highest
priorities delivering substantial impact but also
that these funds are promptly used so that impact
and benefits can be realised as soon as practical.
At the same time, the Trustees need to balance
this objective with the need to maintain financial
prudence and ensure the long-term financial
viability of the charity.
Cash reserves
Legacies are recognised when there is evidence
of entitlement to the gift. receipt is probable
and its amount can be measured reliably. Our
general unrestricted cash reserves are £1,256,000
(including accrued income) of which a balance of
£765,000 is available to the charity. The Trustees
consider level prudent when considering the scale
of operations and the charity's liabilities.
This is particularly important due to the economic
climate and large-scale capital expenditure
reducing the total balances held by the charity. To
support this approach, the charity follows internal
guidelines that requires the funds to keep reserves
which are at least sufficient to cover known future
commitments. including at least 6 months of
organisation operating costs. This is a prudent
measure to avoid the costs and risks of having
insufficient cover for future expenditure.
Going concern
The Trustees have assessed the Charity's ability to
continue as a going concern and have considered
possible events or conditions, including the cost-of-
living crisis, that might cast significant doubt on the
ability of the charity to continue as a going concern.
The Trustees have considered the charity's
forecasts and cashflow projections and have
factored in pressures on donations, legacy and
investment income with the situation being kept
under constant review. The trustees have concluded
that the charity has adequate resources to continue
in operational existence for the foreseeable future.
The charity therefore continues to adopt the going
concern basis in preparing its financial statements.
The charity currently holds free reserves (general
and designated funds) that amount to £3,977,000.
Unrestricted reserves include £2,721,000 of
designated funds which leaves a balance of
£1,256,000 (2023124: £694,000) which is classified
as general unrestricted.
ruhx.org.uk
27

Our people
We are very fortunate to have
passionate and dedicated staff and
volunteers, who are committed to
doing their very best to help the staff.
patients and their families who rely on
the hospital. It is critical that they feel
valued and recognised for the work
that they do.
Trustee Representatives during the year
The RUH Bath NHS Foundation Trust acts as a
Corporate Trustee. The members of the Charitable
Funds Sub-committee during 2024125 were..
Sumita Huchison
Non-Executive Directorlchair Charity's
Committee
Alison Ryan
RUH Chair
Charity Staff
As at the 31st March the following staff were in post:
Simon Truelove
Interim Chief Finance Offi'cer (from March
2025)
Rhyannon Boyd
Associate Director
Jon Lund
Interim Chief Finance Officer
(until March 2025 and for September and
October 2025)
Antonia Lynch
Chief Nursing Officer
Richard Gyde
Head of Operations
Jan Witt
Head of Development
Joy Luxford,
Non-Executive Director
Laura Snell: Events & Community Manager
Ellie Wilkinson: Events & Community Manager
Laura Piner: Events & Community coordinator
Tanisha Fair: Events & Community coordinator
Charlotte Foott." Legacy and Project Co-ordinator
Sam Coyne: Philanthropy Manager
Kirsten Busby: Trusts & Foundations Manager
Simon Thexton." Marketing & Communications
Manager
Anna Barton: Marketing & Communications
coordinator (PT)
Matteo Russo: Marketing & Digital Officer
(Individu81 Giving)
Ruby Guymer-Parker: Grants Manager
Caroline Lovell: Supporter Experience Assistant
The following Board members were not Trustee
Representatives during the year and up to the date
of signing unless otherwise stated below.
Cara Charles-Barks. RUH Chief Executive Officer
Andrew Hollowood, Managing Director (from
February 2025)
Kheelna Bavalia, Interim Chief Medical Officer (from
February 2025)
Paran Govender, Chief Operating Officer
Alfredo Thompson, Chief People Officer
Jocelyn Foster, Chief Strategic Officer
Christopher Brooks-Daw, Director of Governance
& Chief of Staff
The Charity staff are employed by the Royal United
Hospitals Bath NHS Foundation Trust to raise funds,
promote and administer RUHX (RUH Charitable
Fund) on behalf of the Trustee. Whilst employed by
the Royal United Hospitals Bath NHS Foundation
Trust, employment costs of these staff are charged
to the charity.
Hannah Morley, Non-Executive Director
Simon Harrod. Non-Executive Director
Anthony Durbacz. Non-Executive Director
Paul Fairhurst, Non-Executive Director
28 Annual Report & Financial Statements 2024125

The Trustee Representatives maintain
independence from the Trust in making decisions
which affect the Charity. In order to ensure this:
Safeguarding
Charity staff and Trustees come into direct and
indirect contact with children, patients of the
hospital, patient families and members of the
public through delivery of a range of services
and activities. Safeguarding is a critical area of
importance to us and our primary concern, at
all times. is to promote the welfare and safety of
children. vulnerable adults and young people. The
charity follows the hospitals safeguarding policy
which is regularly reviewed, and all staff have
undergone mandatory safeguarding training to
ensure they can respond appropriately should a
safeguarding issue arise.
The Charity's Committee meets separately from
the Trust Board and deals solely with issues
affecting the Charity.
The Charity has a separate strategy. objectives,
and risk register to ensure that the Charity's
integrity is maintained.
Relationships between the Charity and the Trust
are enshrined in a Service Level Agreement which
ensures that the service which is provided to the
Charity in terms of administrative, financial and
staffing support is subject to rigorous scrutiny.
Trustees will act in the best interests of the Charity
to further its charitable objects,. and there is a
clear, open, and independent process of decision-
making by the Trustees.
. The Charity's Committee may co-opt members
who are not formal RUH trustees, but whose advice
and views will be sought in forming decisions.
Volunteering
We are fortunate to have a diverse volunteer
workforce making a considerable contribution to
both the hospital and the charity. We simply could
not do what we do without them, and we are truly
grateful for the continued commitment and
tireless support.
The impact of volunteers on the charity is not
considered to be material to the operations of the
charity and cannot be calculated reliably.
ruhx.org.uk 29

Structure and management
Statement of confirmation compliance
with SORP
Trustee Representative Recruitment
The Royal United Hospitals NHS Foundation Trust is
the sole Corporate Trustee for the Charity, under a
declaration of trust. Each voting Trust Board member
is a Trustee Representative which carries similar
responsibilities to those of a Trustee.
The accounts to which this report relate have been
prepared under the provisions of Section 154 of the
Charities Act 2011, which allows the accounts to be
prepared and filed at an overall Charitable Fund
level which includes a number of funds. This annual
report has been prepared to comply with the
Statement of Recommended Practice (SORP FRS
102)"Accounting and Reporting by Charities".
The Board of Directors is constituted of a Chair,
five Non-Executive Directors and eight Executive
Directors, including the Chief Executive. The Chair
and Non-Executive Directors are appointed through
a selection process and have the skills and attributes
to act as advocates for their communities and
provide leadership for the NHS. The Council of
Governors approves these appointments.
The Royal United Hospital Charitable Fund has been
formed under an RUH Deed dated 10 September
1996 as amended by a Supplemental Deed dated
9 December 2009. It is registered with the Charity
Commission in England and Wales (Registered
number1058323). RUHX is the working name of
Royal United Hospital Charitable Fund as registered
with the Charity Commission in 2022.
The Chief Executive is appointed by the Chair, Non-
Executive Directors with approval from the Council
of Governors. A committee consisting of the Chair,
the Chief Executive and the other Non-Executive
Directors appoints Executive Directors.
Related parties
The Royal United Hospitals Bath NHS Foundation
Trust is viewed as a connected organisation by
virtue of its position as Trustee of the Charity. There
are no other connected organisations.
New appointees to the Charity's Committee are
provided with training in their role by the Director
of Finance and the Chair of the Committee. The
level of training and induction is dependent on the
experience and background of each member.
Related party transactions and Trustee
expenses and remuneration
The Charity's Trustees give their time freely
and receive no remuneration for the work that
they undertake as Trustees. However. they can
claim expenses to reimburse them for costs that
they incur in fullilling their duties. There were no
expenses reimbursed to the Trustee in 2024125
(£nil in 2023124). There have also been no
donations received in 2024125 from the Trustee
(£nil in 2023124).
Administrative support for the operation of the
Charity is provided by the Finance Department of the
Royal United Hospitals Bath NHS Foundation Trust.
The Charitable Trust made revenue and capital
payments to the NHS Foundation Trust where the
Trustee's representatives are also members of the
Trust Board.
30 Annual Report & Financial Statements 2024125

The Charity's objectives and activities ensure that patients.
relatives and staff of the Royal United Hospitals Bath NHS
Foundation Trust benefit directly or indirectly by the work
of the Charity.
Trustee responsibilities
The Charity's Committee meets at least four
times per year and is responsible for providing
governance for, and leadership to. the Charity.
It agrees strategic plans for fundraising and
other operations and approves the allocation of
charitable expenditure. The Committee also sets
operating plans and budgets and determines the
risk appetite and tolerances acceptable in achieving
the Charity's purpose and strategy. A review of
operating and financial performance is undertaken
at each Committee meeting (unless an ad hoc
meeting is called to deal with matters of special
interest).
Public benefit statement
The Trustees have taken regard of the Charity
Commission's guidance on public benefit. All
Charities are required by the Charities Commission to
demonstrate how they pass the'public benelit test,:
l. There must be an identiliable benelit,.
2. The benefit must be to the public or a section of
the public.
The Charity's objectives and activities ensure that
patients, relatives and staff of the Royal United
Hospitals Bath NHS Foundation Trust benefit
directly or indirectly by the work of the Charity.
The Charity's Committee has delegated
responsibility for all funds to the Internal grants
process.
Generally, spending directly benefi'ts Patients
through new equipment, facilities or skills which
also benetits relatives and staff through enabling
the Trust to provide improved care. Sometimes,
spending directly benetits staff or relatives, through
improved training and facilities. but this will also
benetit patients.
. Under £1,000.. RUHX and Finance department.
£1,000 - £25,000.. Quarterly Funding Panel.
Over £25,000.. Quarterly Funding Panel and
Charities Committee.
Panel members:
Associate Director of RUHXI Head of Operations.
Charity Impact Manager.
Finance representatives.
Divisional representatives (4 people nominated
per division with at least one attending each
meeting).
Research representatives.
People attending on an ad hoc basis to discuss
specific applications.
When undertaking charitable expenditure, the
Trust's normal procedures for procurement,
tendering and capital expenditure apply. All
expenditure transactions are referred to the Head
of Financial Services who ensures that the correct
level of authorisation is obtained.
ruhx.org.uk
31

Governance and compliance
We feel very privileged to have the
support of many generous individuals
and organisations. We always
endeavour to exercise high standards
and great governance. continually
reviewing and improving our
resources and practices across all our
activities, including how we fundraise.
Legacies - Where supporters have chosen to give
a gift to the charity in their Will.
Trusts & Foundations - Income from bids to
Trusts & Foundations provide support to specific
projects.
During the year fundraising activities, and those
under taken on our behalf are monitored against
fundraising regulations. audit requirements. and
the fundraising code of practice to ensure they are
meeting fundraising objectives as agreed by the
Trustee.
Fundraising controls and regulation
As a fundraising charity, we are acutely aware of
just how critical it is to maintain the trust of our
donors and aim to always adhere to the highest
standards in all that we do. The Charity has an
Ethical Fundraising Policy, which ensures that
donations are received only from those individuals
and organisations whose objectives are not
incompatible with those of the Charity or with
whom association would damage the standing of
the Charity.
Code of Fundraising Practice
We are always conscious of how important it is to
maintain the trust of our donors. We know it matters
to people not just how we spend their money, but
also how we raise funds.
We are committed to high standards of great
governance. We regularly review our compliance
with the Code of Fundraising Practice and
implement actions to ensure we remain fully
compliant. We are registered with the Fundraising
Regulator as well as individual staff being members
of the Institute of Fundraising. To the best of the
Charity's knowledge there has not been any failure
by the Charity or those acting on its behalf during
the year.
Principal fundraising activities
The charity benefi'ts from a very broad and diverse
supporter base. Supporters donate in a wide variety
of ways. In 2024125 these included:
Individual donations & Philanthropy- for
example from supporters responding to a specilic
charity appeal, regular giving and in-memory
donations.
During the year we have not received any requests
for the cessation of communications up to 31 March
2025 from the Fundraising Preference Service.
. Events & Community fundraising - community-
based activities or challenge events that took
place in support of the charity. often organised
by a patient's loved ones. In addition. many
people participated in large events. such as the
Walk of Life, Bath Half Marathon, Skydive Days,
to raise funds.
We have continued to uphold our Supporter
Commitment to always strive for sector-leading
standards in fundraising practice.
Corporate fundraising- corporate partners
chose to give donations to the charity. delivering
cause related marketing programmes andlor
engaging with their employees to help raise funds
for the charity.
32 Annual Report & Financial Statements 2024125

Our Supporter Promise
Our Supporter Promise is a commitment to always
strive for sector-leading standards in fundraising
practice. That's why we created our six-point
Supporter Promise.
As a fundraising charity. we
are acutely aware of just
how critical it is to maintain
the trust of our donors and
aim to always adhere to the
highest standards in all that
we do.
We'll only ever contact you for legitimate reasons.
if and when you say it's okay.
Your data will always be kept private and never
shared with third parties.
We'll always stick to the Fundraising Code of
Practice, and make sure everyone we work with
does the same.
Want to opt out, ask a question or send us
feedback? We'll make it easy.
We'll be sensitive and considerate. and never
target vulnerable people for fundraising.
We'll always comply with the laws on charities
and fundraising.
Commitment
We will continue to closely monitor all fundraising
activities by our staff and the public to ensure
they remain at the highest standards and reflect
the wishes and preferences of all our generous
supporters. This is done through risk assessments,
due diligence, close monitoring of fundraising
practice internally and externally against the
fundraising code and other regulations and
continued contact with all our supporters.
We welcome any feedback or comments you
may have and would ask that you forward them
to the email or postal address on the last page of
this report.
Complaints
We take every complaint we receive seriously and
make sure that each one gets prompt attention
and is appropriately investigated. In the 2024125
financial year, the charity received 2 complaints
(2023124: 2 complaints) which were resolved.
ruhx.org.uk 33

Risk management
All activities undertaken by the
Charity are monitored closely by the
Charity's Committee and the risk
register is reviewed and updated on a
quarterly basis.
Principles
Our risk management approach sets out the overall
boundaries within which the charity aims to operate
but we also need practical guidance that charity
staff can use on a day-to-day basis. We have
therefore established guiding principles in respect
of our appetite for risk and the level of risk we are
prepared to accept.
The Royal United Hospitals Bath NHS Foundation
Trust also has a series of policies and procedures
which the charity adopts to ensure that risk is
managed to within acceptable levels.
In the following table, we have identified key risk
themes and for each theme set out the charity's risk
tolerance and guiding principle. These are used to
aid day-to-day decision making when considering
activities, internal and external occurrences which
may impact those activities, and the standards the
charity wants to uphold.
All policies and procedures are regularly reviewed
and audited by internal auditors to ensure their
effective operation. Charitable Funds are governed
in such a way as to make best use of these
procedures so that the Trustee can gain assurance
that risks are minimised.
34 Annual Report & Financial Statements 2024125

Risk area
Risk
Principle
Legal and regulatory
Low
We aim to be legally compliant in all aspects of our operatior)s and
achieve high sector standards.
Data loss or unplanned/
unauthorised disclosure
Low
We aim to ensure all data is compliant and all staff have regular
information governance training.
Financial
Medium
We aim to maintain a credible ongoing financial model that delivers an
acceptable costlincome ratio. but we recognise that on occasion we
may need to take a certain amount of risk in order to realise potential
rewards e.g. innovation in fundraising to seek new sources of ir)come and
optimising income over the longer term from our investment portfolio.
Fundraising - only using
methods and practices
that meet consistent
high standards
Low
We alY￿YS strive to fully comply with all regulations and guidelines and
achieve high standards in all our fundraising activities. Innovation in
fundraising carries some risk as highlighted below.
Reputational
Medium
The charity's reputation is fundamental to realising the charity's purpose
and is integrally linked to the hospital's reputation and activities. We
always aim to minimise risks to our reputation and to that of the hospital.
Positive risks should be taken in line with fundraising policies. Fundraising
always carries some risks and these risks are managed on a business
case basis. depending on the degree of risk and size of don8tionlincome
stream and always with a reputational management consideration.
Charitable activities
Low
The charity aims to minimise risks associated with its charitable delivery
activities. including reputational risks and to also ensure linancial
sustainability of activities is considered prior to commitment.
Innovation
Medium
We invest in new activities within acceptable frnancial and reputational
constraints recognising that not all new or novel activities will deliver an
immediate return. but ensuring they adhere to high standards.
People
Low
We seek to provide an engaging and rewarding environment, with
competitive benefits and opportunities to empower and enable our
people and consider the impact on our staff of all our key decisions.
Identification of key risks
Strategic priorities and impact
The risks overleaf, relevant at the date of approval of this Annual Report. have been identified as the key risks
of the charity and could interfere or disrupt our strategic priorities and enablers. We have set out the actions
we are taking to mitigate or offset these risks. The riskslevents are categorised according to the priorities and
enablers that they could principally disrupt. We have then applied the appropriate tolerance and principles
as set out above to determine the residual net risk the charity is bearing. after applying all existing controls
and mitigating actions. We have noted any planned further actions and mitigations required to reduce the net
residual risk in future.
ruhx.org.uk 35

Risk
Mitigation
Net Risk Level
Projects and appeals not being
delivered in a timely manner and
donor expectations leading to
loss of donor conlidence and
withdrawal of funds.
Future projects to be fully signed off with agree timelines and targets
for delivery on income and completion ol project&
MediumlHigh
Wording of all appeals to continue to comply with fundraising
regulations and best practices to enable reasonable alternative use
where necessary.
Gift agreements in place for all donations over £IOk.
Economic environment puts
pressure on charity project costs
leading to increasin8 Costs for
capital and equipment.
Mar8in for inflation to be v40rked into the costings of fundraising
projects.
Medium
Work with the estates team to robustly identify costs and to ensure
reasonable cost savings where possible.
Review expenditure on internal cost eg. estate project and design costs
to ensure good value for charitable expenditure.
Insuflicient unrestricted income
to cover fundraising costs
andlor Insufficient investment
income to cover governance and
admin costs.
Continued review of levy system and implementation of new model to
cover fundraising costs and admin fees.
Medium
Implementation of new regular giving and individual acquisition
programme focused on unrestricted income.
Staff turnover in fundraising
team lead to loss ol continuity in
donor relationships and reduced
income.
Annual Market Review identifying where roles may need to be regraded.
Additional personal development opportunities identitied lor staff
where appropriate and possible.
Lowlmedium
Roles are reviewed when v8cancies arise to ensure they 8re 8t the right
grade.
All staff have clear development plans and training opportunities as part
of their annual reviews and during their 6 month induction period.
Pressure on RUH capital funding
programme reduces or delays
the number ol large projects
RUHX can fund.
Clear communication to supporters on the added value of charitable
donations over and above NHS funding.
Lowlmedium
Develop a range of projects to m8tch donor interests and motlV8tions.
Clear communication to supporters about the change in the capital
funding environment.
Development of a pipeline of equipment projects aligned to the
Medical Equipment Committee IMEC) priorities.
Failure to measure and report
on impact of charitable funds
leading to donor attrition.
Continued recordin& measuring and reporting on impact of all
charitable funds.
Lowlmedium
Development of a story bank to tell donors inspiring and impactful
stories about how funds have been used.
Ensure tundraisers operating
on behalf of the RUH operate
ethically
Ensure appropriate training provided to RUHX team, volunteers and
other identified individuals who are in a position where charitable
solicitation of gifts may occur.
Low
Failure to reach income targets
following launch of new major
campaign and smaller projects
Risks are assessed belore any Campaign or project is launched.
Low
Ensure secondary purpose wording how the funds would be used if
primary purpose is not achieved.
Fraudulent activity within the
charity.
Implemented annual refresher training for all staff_ All new staff to be
introduced to Counter Fraud specialists as part of induction.
Low
36 Annual Report & Financial Statements 2024125

Further details
The principal address and Finance Office of the RUH
Charitable fund are:
Legal information
The accounts to which this report relates have
been prepared under the provisions of Section
154 of the Charities Act 2011, which allows the
accounts to be prepared and filed at an overall
Charitable Fund 'umbrella' level. This annual report
has been prepared to comply with the Statement
of Recommended Practice (SORP FRS102)
"Accounting and Reporting by Charities".
RUHX
Royal United Hospital
Combe Park, Bath
Royal United Hospitals
BAI 3NG
Tel: 01225 825691
www.ruhx.org.uk
Finance Department
Malvern House
Royal United Hospitals
Combe Park. Bath
BAI 3NG
Tel: 01225 825601
www.ruh.nhs.uk
Charity name
Registered name:
Royal United Hospital Charitable Fund
Working name:
RUHX
Charity number
Registered with the Charity Commission for England
and Wales. Charity No.1058323.
Consolidated accounts for the Royal United
Hospitals Bath NHS Foundation Trust can also be
requested at these addresses.
Bankers
Government Banking Service
7th Floor, Southern House
Croydon
Solicitors
Bevan Brittan Solicitors
35 Colston Avenue
Bristol
BSI 4TT
Auditor
Deloitte LLP
HALO
Counterslip
Redcliffe
Bristol
BSI 6AJ
Investment Advisors
Barclays Wealth & Investment Management
I Churchill Place
London
E14 5HP
ruhx.org.uk 37

Royal United Hospital Charitable Funds
Annual Accounts 2024/25
Foreword
These accounts have been prepared by the Trustee
to comply with the Statement of Recommended
Practice 'Accounting and Reporting by Charities.
(SORP FRS102). Royal United Hospitals Bath NHS
Foundation Trust is the Corporate Trustee of the
charitable fund.
Statutory background
The Royal United Hospital Charitable Fund held on
trust is registered with the Charity Commission,
Registration Number1058323.
Main objectives of the funds held on Trust
The Charity is a public benefit entity with the main
objective of the charitable fund to raise money to
further any charitable purpose relating mainly to
the services provided by the Royal United Hospitals
Bath NHS Foundation Trust (RUH) but also relating
to the National Health Service as a whole as the
Trustees see fit.
38 Annual Report & Financial Statements 2024125

Statement of Trustee's responsibilities
The Trustee is responsible for preparing the Trustee's Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice). including FRS102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland"
The law applicable to charities in England and Wales requires the Trustee to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements,
the Trustee 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 applicable accounting standards have been followed,. and
prepare the linancial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustee is responsible for the maintenance and integrity of the charity and financial information included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditor
In so far as the Trustee is aware at the time of approving our Trust's annual report:
• there so no relevant audit information of which the Charity's auditor is unaware: and
the Trustee, having made enquiries of fellow directors and the group's auditor that they ought to have
individually taken, has each taken all steps that helshe is obliged to take as a Director in order to make
themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Deputy Chair of Trust
Sumita Hutchinson
Date:12 November 2025
Chief Executive and Trustee's Representative
Cara Charles-Barks
Date:12 November 2025
ruhx.org.uk 39

Independent Auditor's Report to the Trustees
of Royal United Hospital Charitable Fund
Report on the audit of the financial
statements
our other ethical responsibilities in accordance
with these requirements. We believe that the
audit evidence we have obtained is suflicient and
appropriate to provide a basis for our opinion.
Opinion
In our opinion the financial statements of Royal
United Hospital Charitable Fund (the 'charity):
Conclusions relating to going concern
In auditing the financial statements, we have
concluded that the Trustee use of the going
concern basis of accounting in the preparation of
the financial statements is appropriate.
give a true and fair view of the state of the
Charity's affairs as at 31 March 2025 and of its
incoming resources and application of resources
for the year then ended,.
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's ability to
continue as a going concern for a period of at least
twelve months from when the financial statements
are authorised for issue.
have been properly prepared in accordance with
United Kingdom Generally Accepted Accounting
Practice, including Financial Reporting Standard
102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland" and
have been prepared in accordance with the
Charities Act 2011
Our responsibilities and the responsibilities of
the Trustee with respect to going concern are
described in the relevant sections of this report.
We have audited the financial statements which
comprise..
the Statement of Financial Activities,-
Other information
• the Balance Sheet..
The other information comprises the information
included in the annual report, other than the
tinancial statements and our auditor's report
thereon. The Trustee is responsible for the other
information contained within the annual report. Our
opinion on the financial statements does not cover
the other information and we do not express any
form of assurance conclusion thereon.
the statement of cash flows," and
the related notes I to17
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 Standard applicable in the UK and
Republic of Ireland" (United Kingdom Generally
Accepted Accounting Practice).
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 course of the audit. or otherwise appears
to be materially misstated. If we identify such
material inconsistencies or apparent material
misstatements, we are required to determine
whether this gives rise to a material misstatement
in the financial statements themselves. 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.
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
statements section of our report.
We are independent of the Charity in accordance
with the ethical requirements that are relevant
to our audit of the financial statements in the UK
including the Financial Reporting Council's (the
'FRC's') Ethical Standard, and we have fulfilled
We have nothing to report in this regard.
40 Annual Report & Financial Statements 2024125

Responsibilities of trustees
As explained more fully in the Trustee
responsibilities statement, the Trustee is
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 Trustee determines is necessary to enable the
preparation of financial statements that are free
from material misstatement. whether due to fraud
or error.
Extent to which the audit was considered
capable of detecting irregularities,
including fraud
Irregularities, including fraud, are instances of
non-compliance with laws and regulations. We
design procedures in line with our responsibilities,
outlined above. to detect material misstatements in
respect of irregularities. including fraud. The extent
to which our procedures are capable of detecting
irregularities, including fraud is detailed below.
In preparing the financial statements, the Trustee
is responsible for assessing the Charity's ability
to continue as a going concern, disclosing, as
applicable, matters related to going concern and
using the going concern basis of accounting unless
the Trustee either intends to liquidate the Charity or
to cease operations, or has no realistic alternative
but to do so.
We considered the nature of the Charity's industry
and its control environment, and reviewed the
Charity's documentation of their policies and
procedures relating to fraud and compliance
with laws and regulations. We also enquired of
management and the Trustee about their own
identification and assessment of the risks of
irregularities, including those that are specilic to the
Charity's business sector.
Auditor's responsibilities for the audit of the
financial statements
We obtained an understanding of the legal and
regulatory framework that the Charity operates in.
and identilied the key laws and regulations that:
We have been appointed as auditor under
section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations
made or having effect thereunder.
had a direct effect on the determination of
material amounts and disclosures in the financial
statements. These included Trust Deed, Charities
Act, Charities (Accounts and Reports) Regulations
2008; and
Our objectives are to obtain reasonable assurance
about whether the financial statements as a whole
are free from material misstatement, whether due
to fraud or error, and to issue an 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 accordance with ISAS (UK)
will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the
aggregate, they could reasonably be expected to
influence the economic decisions of users taken on
the basis of these financial statements.
do not have a direct effect on the financial
statements but compliance with which may be
fundamental to the Cability to operate or to avoid
material penalty. This included the Charity's
f undraising regulations.
We discussed among the audit engagement team
regarding the opportunities and incentives that may
exist within the organisation for fraud and how and
where fraud might occur in the financial statements.
A further description of our responsibilities for
the audit of the linancial statements is located
on the FRC'S website at: www.frc.org.ukl
auditorsresponsibilities. This description forms
part of our auditor's report.
We discussed among the audit engagement team
regarding the opportunities and incentives that may
exist within the organisation for fraud and how and
where fraud might occur in the financial statements.
ruhx.org.uk
41

As a result of performing the above. we identified
the greatest potential for fraud in the following area,
and our procedures performed to address it are
described below..
Report on other legal and regulatory
requirements
Matters on which we are required to report
by exception
Under the Charities (Accounts and Reports)
Regulations 2008 we are required to report in
respect of the following matters if, in our opinion..
. Completeness of legacy income - we performed
detailed testing to ensure legacy income was
complete within the financial statements. In
addition we reviewed the controls in place within
the Charity
In common with all audits under ISAS (UK), we are
also required to perform specific procedures to
respond to the risk of management override. In
addressing the risk of fraud through management
override of controls, we tested the appropriateness
of journal entries and other adjustments.. assessed
whether the judgements made in making
accounting estimates are indicative of a potential
bias.. and evaluated the business rationale of any
significant transactions that are unusual or outside
the normal course of business.
In addition to the above, our procedures to respond
to the risks identified included the followin{.
the information given in the financial statements
is inconsistent in any material respect with the
trustees, report; or
sufficient accounting records have not been kept," or
the financial statements are not in agreement with
the accounting records and returns,. or
we have not received all the information and
explanations we require for our audit.
We have nothing to report in respect of these
matters.
Use of our report
reviewing financial statement disclosures by
testing to supporting documentation to assess
compliance with provisions of relevant laws and
regulations described as having a direct effect on
the financial statements,.
This report is made solely to the Charity's Trustee in
accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work
has been undertaken so that we might state to the
Charity's Trustee those matters we are required to
state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone
other than the Charity and the Charity's Trustee, for
our audit work. for this report. or for the opinions we
have formed.
performing analytical procedures to identify any
unusual or unexpected relationships that may
indicate risks of material misstatement due to
fraud,.
enquiring of management concerning actual and
potential litigation and claims, and instances of
non-compliance with laws and regulations,. and
reading minutes of meetings of those charged with
governance.
Michelle Hopton
Deloitte LLP
Statutory Auditor
Bristol. United Kingdom
Date:14 November 2025
Deloitte LLP is eligible for appointment as auditor
for the Charity by virtue of its eligibility for
appointment as audit of a company under section
1212 of the Companies Act 2006.
42 Annual Report & Financial Statements 2024125

Statement of Financial Activities for the
year ended 31 March 2025
Income trom
Donations
2.1
469
558
1.027
1.590
2.617
253
226
1.049
264
1,275
893
Le8a¢ies
Total Income from donations and legacies
Investments
2.1
1.568
22
629
1037
106
580
855
1,313
236
2,168
291
147
55
Other Trading Activities
Charitable Activities-other Income
195
50
245
108
155
263
35
41
335
344
Other Income
11)
(1)
3.155
Total income
1344
1.028
2,039
3,067
Expenditure on
Raising Funds
Charitable Activities-other
(li)
(793) (804)
(8)
(759) (767)
(483) (1867) (3.350) (357) (4.259) (4,616)
Other Expenditure
Total Expenditure
(494) (3.660) (4,154) (365) (5,015) (5,380)
Net income before investment gainsl(losses)
1.850 (2.849) (999)
663 (2.976) (2,313)
Net gainsl(losses) on investments
&4
37
48
85
45
185
230
Transfer between funds
(587)
587
(659)
659
Net movernent in funds
1.300 (1214)
(914)
49 (1132) (2.083)
Fund balances brought torward at l April
2.677
5.842
8.519
2.628
7.974 10.602
Fund balan¢e$ ¢arried forward at 31 March
3,977
3,628
7.605
2.677
5.842
8,519
The notes at pages 44 to 58 form part of this account
There were no other recognised gains or losses other than those listed above and the net surplus.
All income and expenditure derives from continuing activities.
ruhx.org.uk 43

Balance Sheet as at 31 March 2025
Fixed assets
Investments
2.075
2.075
1.878
1.878
3,953
3.953
1.517
3,311
3,311
4,828
4,828
Total fixed assets
1,517
Current assets
Cash at bank and in hand
1.300
837
1.176
749
2.476
1.586
1.255
271
2,740
561
3.995
832
Debtors= amounts receivable within one year
Prepayments.. payable within one year
Total current assets
7.1
7.2
2.140
1.927
4.067
1,527
3,302
4,829
Liabilities
Creditors & accruals- amounts falling due within one year 7.3
238
177
415
367
771
1,138
Net current assets
1.902
1.750
3.652
1.160
2,531
3.691
Total assets
3,977
3,628
7,605
Z677
5,842
8,519
Funds of the Charity
Income funds..
Restricted
3,628
3,628
3.9T7
5,842
5,842
2.677
Unrestricted
3.977
2,677
Total funds
3.977
3.628
7.605
2.677
5.842
8.519
The notes at Pages 44 to 58 form part of this account.
The linancial statements on page$ 41 to 58 were approved by the Trustee's on 12 November 2025 and signed on its
behalf by..
Signed..
C8r8 Charles-B8rks
Chief Executive of the Corporate Trustee and Trustee's Representative
Date:12 November 2025
44 Annual Report & Financial Statements 2024125

Statement of Cash Flows for the
year ended 31 March 2025
2024125
£000
2023124
£000
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
(Z718)
(3.200)
Cash flows from investing activities-
Interest income
199
251
Cash generated from investing activities
Net cash provided by investing activities
1.000
1,917
1,199
2,168
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end ot the reporting period
(1,519)
3,995
2,476
(1.032)
5,027
3,995
Reconciliation of net incomollexpenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial activities)
Adjustments for-
Lossl(Gains) on investments
Dividends from investments
(914)
(2.083)
(85)
155)
(198)
15
(230)
140)
(251)
13
Interest income
Management fees deducted from investments
(Increase)IDecrease in debtors
(Increase)/Decrease in prepayments
Increasel(Decrease) in creditors
Note 7.1
(743)
(4)
{734)
(577)
Note 7.2
Note 7.3
(39)
Net cash provided by/(used in) operating activities
(2,718)
(3,200)
Breakdown of cash generated from investing activities
Cash withdrawn from investment discretionary portfolio to cash account
Cash generated by investment portfolio activity
Cash from payments reinvested in discretionary portfolio
1,000
(6)
1,917
(36)
36
1.000
1,917
Analysis of cash and cash equivalents
Cash in hand
2.476
3.995
Total cash and cash equivalents
2,476
3.995
ruhx.org.uk 45

Notes to the Financial Statements
l Accounting Policies
l.l Accounting convention
transaction or gift will flow to the charity,. and
iii) Measurement - the monetary value or amount
of the income can be measured reliably and
the costs incurred for the transaction and
the costs to complete the transaction can be
measured reliably.
b) Legacies
Legacies are recorded in the statements
according to the date on which they become
receivable. Any legacy notilied as receivable by
the executors but not paid in the accounting
period is treated as an adjusting event and
accrued as income if receipt is probable. This is
consistent with the rules as above.
The financial statements have been prepared
under the historic cost convention, as modified
for the revaluation of certain investments, and 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 (FRS
102) (effective l January 2019) and the Charities
Act 2011.
The Charity has irrevocably elected to measure the
following equity instruments at fair value through
income and expenditure. All gains and losses arising
from investment funds held by The Royal United
Charitable Fund will be measured at fair value
through income and expenditure. The investment
fund does not meet the criteria set out in the
accounting standards to be recognised as a gain or
loss through income and expenditure.
c) Grants
Grants are recognised when performance
conditions associated with the grant have been
met and recorded as income in accordance with
the same rules as expressed above.
d) Pledges
Pledges are recognised in the year they are
received, even if the actual contribution will be
received in instalments over future accounting
periods, as consistent with the rules above.
Unless there are performance related donations,
with the donation linked to the individual
milestones, the pledge will be recognised as the
individual stages are completed as there is no
contractual obligation to pay the pledge before
this point.
1.3 Expenditure
a) The funds held on Trust accounts are prepared
in accordance with the accruals concept. All
expenditure is recognised once there is a legal or
constructive obligation to make a payment to a
third party.
b) Support and governance costs are those
costs which do not relate directly to a single
activity. The support costs include the costs of
administration and the management investment
fee and the governance cost relates to the audit
costs. All costs have been apportioned between
fundraising costs and charitable activities on
an appropriate basis-currently based on the
percentage of individual fund balances as part
The Charity is a public benefit entity whose
primary objective is to provide goods or services
for the general public. community or social benefit
and where any equity is provided with a view to
supporting the entity's primary objectives rather
than with a view to providing a financial return to
equity providers, shareholders or members.
The Trustee considers that there are no material
uncertainties about the Charity's ability to continue
as a going concern for the foreseeable future. There
are no known material uncertainties affecting the
current year's accounts and the level of reserves is
suflicient and ensures that the Charity continues to
operate as a going concern.
1.2 Income
a) All income is included in full in the Statement of
Financial Activities as soon as the following three
factors can be met..
i) Entitlement - control over the rights or other
access to the economic benefit associated
with the transaction or gift will flow to the
charity;
ii) Probability - it is more likely than not that
the economic benefits associated with the
46 Annual Report & Financial Statements 2024125

of the whole balance.. These are recharged to the
restricted funds and the unrestricted general fund
as per the current Charitable Funds policy agreed
by the Charitable Fund Committee.
c) Expenditure on raising funds is recorded as those
costs of the Charity which relate to fundraising
staff and associated administration costs.
1.7 Pension contributions
The cost of employer pension contributions to the
NHS Superannuation Scheme and other schemes is
charged to the Statement of Financial Activities as
they fall due.
Past and present employees are covered by the
provisions of the NHS Pensions Scheme. Details of
the benelits payable under these provisions can be
found on the NHS Pensions website at www.nhsbsa.
nhs.uklpensions. The scheme is an unfunded,
defined benefit scheme that covers NHS employers,
GP practices and other bodies, allowed under the
direction of the Secretary of State. in England and
Wales. The scheme is not designed to be run in a
way that would enable NHS bodies to identify their
share of the underlying scheme assets and liabilities.
d) Expenditure on charitable activities relates
to the purchase of medical equipment, staff
training and support as well as for support for the
services of the RUH. These last two categories
of costs are recorded against restricted and
unrestricted funds according to which fund
incurred the cost. No expenditure grants are paid
to outside organisations or related parties.
e) Liabilities to pay costs are recognised when
goods or services are delivered.
The scheme is therefore accounted for as if it were
a defined contribution scheme.. the cost to the NHS
Body of participating in the scheme is taken as
equal to the contributions payable to the scheme
for the accounting period.
1.4 Structure of funds
Where there is a legal restriction on the purpose
to which a fund may be put, the fund is classified
in the accounts as a restricted fund. Other funds
are classitied as unrestricted funds. Funds which
are not legally restricted but which the Trustee has
chosen to earmark for set purposes are designated
funds. The major funds held within these categories
are disclosed in notes 8.1. 8.2. 8.3 and 8.4.
In order that the defined benefit obligations
recognised in the financial statements do not differ
materially from those that would be determined at
the reporting date by a formal actuarial valuation,
approximate assessments are completed in
intervening years between the four-yearly actuarial
valuation. An outline of these follows-
1.5 Investment fixed assets
The total amount invested on behalf of the Charity
is considered a fixed asset as the Charity is not
anticipating drawing from these investments within
the next 12 months. The Investment Managers
have delegated responsibility from the Charity to
invest all of the funds transferred in appropriate
investments as and when they see lit to achieve
maximum returns as per the Charity's current policy.
a) Accounting valuation
A valuation of scheme liability is carried out
annually by the scheme actuary (currently the
Government Actuary's Department) as at the end
of the reporting period. This utilises an actuarial
assessment for the previous accounting period
in conjunction with updated membership and
financial data for the current reporting period,
and is accepted as providing suitably robust
figures for financial reporting purposes. The
valuation of the scheme liability as at 31 March
2023 is based on valuation data as 31 March
2022, updated to 31 March 2023 with summary
global member and accounting data.
1.6 Realised gains and losses
All gains and losses are taken to the Statement of
Financial Activities as they arise. Realised gains
and losses on investments are calculated as the
difference between sales proceeds and opening
market value (or date of purchase if later). Unrealised
gains and losses are calculated as the difference
between market value at the year-end and opening
market value (or date of purchase if later).
ruhx.org.uk 47

b) Full actuarial (funding) valuation
The purpose of this valuation is to assess the
level of liability in respect of the benefits due
under the schemes (taking into account recent
demographic experience), and to recommend
contribution rates payable by employees and
employers.
Market risk
The investments held by the Charity are subject
to fluctuations in the stock market. In general,
excessive volatility in market risk is managed
through the diversification of the portfolio in
terms of geographical. industry sectors, individual
securities, and the investment mandate guidelines
with Barclays Wealth. The Charities Committee
also receives regular monitoring updates from
the Investment Managers and monitors the
performance of the fixed asset investments
quarterly.
The last published actuarial valuation undertaken
for the NHS Pension Scheme was completed
for the year ended 31 March 2012. The Scheme
Regulations allow for the level of contribution
rates to be changed by the Secretary of State
for Health, with the consent of HM Treasury,
and consideration of the advice of the
Scheme Actuary and employee and employer
representatives as deemed appropriate.
1.12 Financial instruments
Financial assets and financial liabilities are
recognised when the Charity becomes a party to
the contractual provisions of the instrument. All
financial assets and liabilities are initially measured
at transaction price (including transaction costs),
except for those financial assets classified as at
fair value through profit or loss. which are initially
measured at fair value (which is normally the
transaction price excluding transaction costs).
Debtors are measured at their recoverable amount
(i.e the amount the Charity anticipates it will
receive from a debt). Cash balances include cash
in hand and cash at bank. Creditors and provisions
are recognised where the Charity has a present
obligation resulting from a past event that it is
probable will result in the transfer of funds to a third
party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors
and provisions are measured at their settlement
amount after allowing for any trade discounts due.
1.8 VAT
Irrecoverable VAT is included in resources
expended, and the historic cost of fixed assets.
1.9 Change in the basis of accounting
There has been no change in the basis of
accounting during the year.
1.10 Pooling scheme
A pooling scheme is in operation for investments
relating to all funds. Gains and losses, both realised
and unrealised, are apportioned to the charitable
funds as per the current Charitable Funds Policy.
1.11 Financial risk management
Credit risk
The Charity's revenue is recognised upon receipt
unless it is a pledge or legacy where it is then
recognised as set out in note1.2. The Charity has
low exposure to credit risk.
Cash and cash equivalents are made up of cash
held in high liquidity bank accounts. These may be
bank current accounts or bank savings accounts.
Any money held in savings accounts will not be held
in accounts that restrict access to the money for
more than 3 months at a time.
Liquidity risk
The Charity's assets are all liquid investments made
up of cash and other financial assets tradeable
on the open market. The Charity does not need to
fund its own capital expenditure. The Charity is not.
therefore, exposed to significant liquidity risks.
48 Annual Report & Financial Statements 2024125

1.13 Critical accounting judgements
In the application of the Group's accounting policies
the Trustee is required to make judgements,
estimates and assumptions about the carrying
amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and
associated assumptions are based on historical
experience and other factors that are considered
to be relevant. Actual results may differ from these
estimates.
the trustees have concluded that the charity has
adequate resources to continue in operational
existence for the foreseeable future. The charity
therefore continues to adopt the going concern
basis in preparing its financial statements.
Legacy income is recognised when three criteria
are met. Entitlement is established, receipt of
the income is probable and it can be reliably
measured. Entitlement is established when we
receive notitication of an interest in an estate and a
copy of the will. Income receivable is probable and
measurement criteria is considered met when the
statement of assets and liabilities is received. Only
when these criteria have been met is income from
legacies recognised in the financial statements. See
note 2.1.
1.14 Key sources of estimation uncertainty
The estimates and underlying assumptions
are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period
in which the estimate is revised if the revision
affects only that period, or in the period of the
revision and future periods if the revision affects
both current and future periods.
There are no key sources of estimation uncertainty
to disclose.
1.15 Going concern
The Trustees have assessed the Charity's ability to
continue as a going concern and have considered
possible events or conditions. including the cost-
of-living crisis, that might cast significant doubt
on the ability of the charity to continue as a going
concern due to reduced donations and increased
costs.
The Trustees have considered the charity's
forecasts and cashflow projections and have
factored in pressures on donations, legacy and
investment income with the situation being kept
under constant review. After making enquiries
ruhx.org.uk 49

2 Analysis of Income
2.1 Details of Donations and Legacies
Material donations, legacies and gifts
Lega¢ie$
Number of material legacies
Largest legacy
Smallest material legacy
1.568
22
1.590
io
629
264
893
10
12
159
400
82
io
13
io
Charitable Trusts
Number of material donations
10
Largest don8tion
Smallest material donation
70
200
156
io
io
io
Individuals
Number of material donations
Largest donation
Smallest material donation
13
18
ioo
13
10
13
Companies and other organisations
Number of material donations
Largest donation
Smallest material donation
35
27
Material donations and legacies have been defined as amounts in excess of £IO.000 over a single financial year actually
received.
50 Annual Report & Financial Statements 2024125

2.2 Details of Income
Other income received
Other income
(1)
(1)
(i)
(i)
Total
Income from investment
Investments listed on Stock Exchange
Bank interest
23
32
55
33
40
83
115
198
203
251
Total
106
147
253
55
236
291
Other trading activities
Fundraising income
Lottery
Total
195
23
218
108
135
243
27
27
20
20
195
50
245
108
155
263
Income from charitable activities
Grants with conditions
35
37
335
338
Company sponsored income
Total
35
41
335
344
ruhx.org.uk
51

3 Analysis of Expenditure
3.1 Expenditure
Expenditure on Raising Funds
Fund raising costs, publicity and adverts
Staff costs for raising funds
Investment management costs
Other expenditure
Total
230
235
178
182
554
554
568
568
15
14
793
804
759
767
Expenditure on Charitable Activities
Patients, welfare and amenities
340
1502
210
2.842
223
241
3,725
312
3,966
325
Staff costs for charitable activities
13
13
Staff welfare and amenities
84
56
140
79
106
185
Research
55
55
63
63
Admin fees and audit fee
46
44
90
24
53
Total
483
2.867
3,350
357
4,259
4,616
Other Expenditure
Other expenditure
Total
(3)
(3)
(3)
(3)
There was no gifts in kind (expenditure) in 2023-24 (none also in 2022-23 included in staff welfare and amenitiesl
3.2 Support Costs
Administration
36
31
67
21
43
64
Audit fees
10
12
22
10
13
Total
46
43
89
24
53
77
52 Annual Report & Financial Statements 2024125

4 Analysis of Expenditure
xffjo x£0
LU tr W LU L)
LU(rw
4.1 Category of Expenditure
Staff
554
223
777
567
325
892
Governance Cost-Auditors' remuneration-
Statutory Auditors
Internal Auditors
Audit fee
18
18
10
io
Investment management costs
Direct costs
15
15
14
14
235
3.104
3,350
3.339
4.154
186
4.278
4.616
{3)
(3)
4,461
5,380
Total
804
767
4.2 Staff Costs
Salaries and wages
Social security costs
Other pension costs
Tot81 emoluments of employees
(remuneration plus benefits for
tax purposes)
442
458
46
45
66
64
554
567
Staff Numbers split by Activity
Fundraising activities
Charitable activities
14.23
1.15
0.41
Average monthly number of
employees in the year-
13.06
14.64
The analysis above represents amounts charged to the Charity for staff employed by the NHS Foundation Trust who work
solely on behalf of the Charity. All staff are on standard NHS terms and conditions and are contracted to work for the NHS
Foundation Trust.
There were no redundancy or terminations benefits in 2024125 (none in 2023124). One employee, employed by the NHS
Found8tion Trust who works solely on behalf of the Charity, received employee benefits (excluding employer pension
contributions) of more than £60.000. within band £80.000-£90.000 (one in 2023124. within Band £60,000-£70.000).
The Charity's Trustee receives no remuneration for the work that they undertake as Trustee. There were also no expenses
reimbursed to the Trustee in 2024125 (£nil in 2023124). The Charity also has no key management personnel.
The RUH Charity is reliant on a team of volunteers. There are at any one time over100 local volunteers who actively
fundraise for the Charity as well as helping out at events run by the Charity.
ruhx.org.uk 53

5 Changes in Resources Available
for Charity Use
Net movement in funds for the year
Net movement in funds available
for future activities
1.300 (1215)
(915)
49
(2,132) (2.083)
1.300 IZ215)
(915)
49 (2.132) (2,083)
6 Analysis of fixed asset investments
6.1 Fixed Asset Investments
Carrying value at l April
4,828
6,488
Purchases
385
1.165
(1,102)
(1,917)
(36)
(1.890)
Sales
(339)
(1,00)
(6)
(960)
Cash withdraw
Cash movement
Net movement in year
Gainsl(Losses) in Year
Carrying value at 31 March
85
230
3,953
4.828
6.2 Market value at 31 March
Investments listed on the Stock Exchange
Barclays Wealth Investments
3,953
3,953
4.828
4,828
54 Annual Report & Financial Statements 2024125

Level I
31 March 2025
£000
Level I
31 March 2024
£000
6.3 Investments fair value hierarchy
Bonds
764
715
Equities
Alternative Assets & Other Investments
1.379
358
1.284
392
Cash
1,452
3,953
2,437
4,828
Investments are measured at fair value through profit or loss (FVTPL)
The fair value hierarchy consists of the following three levels=
Level I quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 inputs other than quoted prices included within Level I that are observable
for the asset or liability either directly or indirectly.
Level 3 inputs for the asset or liability that are not based on obSe￿able market
data (unobservable inputs).
AII RUH Charitable Funds investments are classed as Level l.
6.4 Analysis of investment loss
Unrealised Gains
37
48
85
31 March 2025
£000
31 March 2024
£000
7 Analysis of debtors. prepayments and creditors
7.1 Analysis of debtors
Other debtors - receivable in less than one year
Accru81s
receiv8ble in less than one year
Total debtors due in less than one year
78
1.575
754
1,586
832
7.2 Analysis of prepayments
Prepayments - payable in less than one year
Total prepayments payable in less than one year
7.3 Analysis of creditors
Amounts falling due within one year=
Other creditors
26
1.055
Accruals
389
83
Total creditors
415
1,138
ruhx.org.uk 55

8 Restricted Funds
8.1 Resticted Funds
RUH Research
532
(13)
68
36
(108)
(14)
747 (3.525)
27
(12)
811 13.660)
522
Shelagh McBrien Coronary Care Unit
RUH 2001 Appeal (Forever Friends)
Royal National Hospital for Rheumatic Diseases
Total
44
30
5.121
145
583
39
2,965
14
164)
587
5.842
48
3,628
Luc￿
RUH Research
680
(i)
25
(189)
(12)
1.925 (4.804)
87
(io)
2,039 (5,015)
17
532
Shelagh McBrien Coronary Care Unit
RUH 2001 Appeal (Forever Friends)
Royal National Hospital for Rheumatic Diseases
Total
47
44
7.162
85
675
163
5.121
145
(21)
659
7.974
185
5,842
8.2 Details of Restricted Funds
Name of restricted funds
Description of the nature and purpose of each fund
Contributions towards NHS Research projects in partnership
with other NHS org8nis8tions and various Universities
To benefit and support patients, staff and visitors to Coron8ry
Care Department
Contributions to the redevelopment of the RUH site along with
provision of equipment tor the hospital and fund raising
expenses connected to these projects
To benefit the patients. staff and visitors of RNHRD Services
RUH Research
Shelagh McBrien Coronary Care Unit
RUH 2001 Appeal (Forever Friends)
Royal National Hospital for Rheumatic Diseases
56 Annual Report & Financial Statements 2024125

8.3 Unresticted Funds
RUH - General
694
(2)
(2)
(474)
(31)
(15)
(66)
(587)
1,108
492
(106)
(46)
(29)
(313)
(494)
37
1,257
1,152
303
RUH - Medical
739
RUH Surgical
RUH - Family and Specialist Service
Total
316
29
928
715
1,266
3,977
2.677
2.344
37
L￿￿
RUH - General
886
(618)
(19)
(7)
(15)
(659)
486
(87)
{74)
{113)
(91)
1365)
45
694
RUH - Medical
778
54
739
RUH Surgical
RUH - Women's and Children's
409
27
316
573
461
928
Total
2.628
1,028
45
2.677
Designated funds are delined as those designated to specific departments within the RUH.
Note= Movements between Division in Year relates to department5 moving to a new Division within RUH Ward Structure.
8.4 Details of designated Funds
Name of fund
Description of the nature and purpose of each fund
Any charitable purpose relating to NHS, mainly for RUH services
Any charitable purpose relating to RUH Medical wardsl
departments
Any charitable purpose relating to RUH Surgical wardsl
departments
Any charitable purpose relating to RUH Family and Specialist
Services wardsldepartments
RUH - General
RUH - Medical
RUH Surgic81
RUH - Family and Specialist Services
ruhx.org.uk 57

8.5 Transfers between Funds
Transfers between funds are made up of..
A percentage is taken from all income to cover fundraising costs as per the Charity's current policy. This
amount is transferred monthly from the fund receiving the income to the main RUHX admin fund.
Some projects may be funded from several funds. To ensure consistency and clarity on costs expenditure for
the project is taken from one of the funds and money transferred from the other funds to cover costs
as agreed.
Within the Fundraising Team there are different teams for different areas of fundraising. These teams use
their own fund to control costs for events etc. At the end of the year these funds are amalgamated into the
main fundraising admin code to give the overall full cost of fundraising.
Coding corrections.
9 Contingencies
There were no contingent losseslgains at 31 March 2025 (31 March 2024: nil).
10 Provisions
There was no provision for future liabilities at 31 March 2025 (31 March 2024.. nil).
11 Trustees and Connected Persons Transactions
There were no reimbursements of Trustee expenses and no Trustee remunerations were paid in 2024125
(2023124. nil).
12 Loans or Guarantees Secured against Assets of the Charity
No loans or guarantees were secured against the CharIt￿S assets as at 31 March 2025 (31 March 2024.. nil).
13 Liability Insurance
The Charity has taken out public and products liability insurance to ensure cover for all fundraising events.
14 Parent Company Information
The Royal United Hospitals Bath NHS FT is the parent company of the RUH Charitable Fund and is its
Corporate Trustee.
The Trust. including Sulis Hospital. serves a population of approximately 500.000 residents across Bath and
North East Somerset, West Wiltshire, Somerset and South Gloucestershire as well as tourists, students and
overseas visitors. It is an acute hospital which provides NHS services. These services include medical and
surgical treatment as well as family and specialist services.The Trust also works in partnership with local
universities and colleges participating in research and education health projects.
The principle address of the Royal United Hospitals Bath NHS FT is Combe Park, Bath BAI 3NG.
15 Consolidation of Accounts
The Charitable Fund consolidates its accounts with its Corporate Trustee. The Trust has assessed its
relationship to the Charitable Fund and determined it to be a subsidiary because the Trust is exposed to, or
has rights to, variable returns and other benefits for itself, patients and staff from its involvement with the
charitable fund and has the ability to affect those returns and other benelits through its power over the fund.
The Charitable Fund's statutory accounts are prepared to 31 March in accordance with the UK Charities
Statement of Recommended Practice (SORP) which is based on UK Financial Reporting Standard (FRS)102. On
consolidation, necessary adjustments are made to the charity's assets, liabilities and transactions to:
58 Annual Report & Financial Statements 2024125

The Charitable Fund's statutory accounts are prepared to 31 March in accordance with the UK Charities
Statement of Recommended Practice (SORP) which is based on UK Financial Reporting Standard (FRS)102. On
consolidation, necessary adjustments are made to the charity's assets, liabilities and transactions to-
recognise and measure them in accordance with the Trust's accounting policies and
eliminate intra-group transactions, balances, gains and losses.
16 Related party transactions
During the year, there have been no transactions between the members of key management of the Trustee nor
parties related to them and the Royal United Hospital Charitable Fund.
Board members (and other senior staff) take decisions on both the Charity and NHS Foundation Trust
matters but endeavour to keep the interests of each discrete and do not seek to benefit personally from
such decisions. Declarations of personal interest have been made in both capacities and are available to be
inspected by the public.
The Charity's Trustee give their time freely and receive no remuneration for the work that is undertaken as a
Trustee. However. they can claim expenses to reimburse them for costs that they incur in fultilling their duties.
There were no expenses reimbursed to the trustee in 2024125 (£nil in 2023124). There have also been no
donations received in 2023124 from the Trustee (£nil in 2022123).
The Charitable Trust made donations to the NHS Foundation Trust in 2024125 where the Trustees.
representatives (whose names are listed below) are also members of the Trust Board. In 2024125 this totalled
£3,420k (2023124 £4,396k) of which reimbursement for salaries and fees was £848k (2023124 £959k) and
donated capital (equipment and cash) was £2.340k (2023124 £3,310k). The remaining £232k (2032124 £127k)
relates to recharges between Charity and the NHS Foundation Trust. The Charity received no income from the
NHS Foundation Trust (£4k in 2023124).
The RUN Bath NHS Foundation Trust acts as a Corporate Trustee. The Board members of the NHS Foundation
Trust were..
Alison Ryan.
Cara Charles-Barks
Andrew Hollowood
Jon Lund*
Chair
Chief Executive
Managing Director (from February 2025)
Interim Chief Finance Officer (until March 2025 and for September and
October 2025)
Interim Chief Finance Officer (from March 2025)
Chief Medical Officer. Deputy Chief Executive (until February 2025)
Interim Chief Medical Officer (from February 2025)
Chief Operating Officer
Chief Nursing Officer
Chief People Officer
Chief Strategic Officer
Director of Governance and Chief of Staff
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Simon Truelove
Andrew Hollowood
Kheelna Bavalia
Paran Govener
Antonia Lynch.
Alfredo Thompson
Jocelyn Foster
Christopher Brooks-Daw
Sumita Hutchison
Hannah Morley
Joy Luxford*
Simon Harrod
Anthony Durbacz
Paul Fairhurst
Those marked ' were
Trustee's Representatives of
the Charity during the year.
The members of the Charitable Funds Sub-committee during 2024125 were the Chair. Chief Nursing Officer. Chief
Finance Officer, and Non-Executive Director Sumita Hutchison.
The Royal United Hospitals Bath NHS Foundation Trust is viewed as a connected organisation by virtue of its
position as Trustee of the Charity. There are no other connected organisations.
The Department of Health is considered the parent entity of the Royal United Hospitals Bath NHS Foundation
ruhx.org.uk 59

17 Non-adjusting post balance sheet events
There are no identified post balance sheet adjustments to show.
60 Annual Report & Financial Statements 2024125

The principal address and Finance Office of the RUH Charitable fund is:
Finance Department
Malvern House
Royal United Hospitals
Combe Park, Bath
BAI 3NG
Tel: 01225 825601
For donations or fundraising enquiries. please contact:
RUH
The Pry￿r to do more
RUHX
Royal United Hospital
Combe Park
Bath. BAI 2NG
Tel: 01225 825691
Email: hello@ruhx.org.uk
Follow us on social media
Registered wlth
FR
FUNDRAISING
REGULATOR
RUHX is the working name of Royal United Hospital CharitableFund.
Registered with the Charity Commissionfor England and Wale
Gharity nurnber 1058323.