2025-03-31-accounts

pl Oxford Hospitals, Charity Annual Report and Accounts Year ended 31 March 2025 Oxford Chlldren's Hoswi Chtsrity Oxford Hosplta15 Charlty General Chorlty Oxford Hospitols Charity. Registered charity no. 1175809. Company no. 11052176.

Contents Reference and administrative details About Oxford Hospitals Charitv Strvcture, governance and management Achievements and performance Financial review Othei policies io Fundraising review li Risk management 12 Plans for future periods 14 Statement of Trustees, responsibilities 15 Independent auditor's report 16 Statement of financial activities 21 Balance sheet 22 Statement of cash flows 23 Notes to the accounts 24

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-202S Oxford Hospitals Charity Reference and administrative details A charity registered in England and Wales - charity number 1175809 A company limited by guarantee- company number 11052176 Address Oxford Hospitals Charity Wood Centre for Innovation. Quarry Road. Oxford. OX3 8SB Contart us www.hospitalcharity.co.uk [e-mail] 01865 743444 Olrectors/ Trustees Lady Baldry Mrs Rebecca Kashti Professor David Matthews Ichairl Dr Aparna Pal Dr 8rian Shine Mr Keith Stacey Mr Graham Steinsberg Mrs Anne Tutt CEO Dr Douglas Graham Bankersl Investments Lloyd5 Bank I" Floor, 33 Old Broad St London EC2N IHZ Rothschild & Co St Julian's Court St Peter Port Guernsey GYI 3BP Audltor Moore Kingston Smith LLP 6, Floor 9 Appold Street London EC2A 2AP

2024-20251 OXFORD HOSPITALS CHARITY REPOR T AND ACCOUNTS About Oxford Hospitals Charity Objectives and activities Oxford Hospltals Charlty supports the Strategic priorities of Oxford University Hospltals NHS Foundation Trust IOUH} in providing the best possible healthcare for its catchment area of around two million people from across the reglon and beyond. From the smaller things, like providing music on wards, to larger projects, such as funding state-of-the-art medical equipment, Oxford Hospitals Charity is here to make a positive difference for hospital patients and staff. We work very closely with the OUH Trust Executive and clinical colleagues across the hospita15, under the guidance of our dedicated Trustees. to ensure donations are well spent and have the maximum impact for patients and staff. The Charity helps transform our hospitals funding the very latest medical equipment. Innovative technology and research. and specialist training for clinical staff. Fundraising. donations and gifts in Wills all help to improve the hospital environment for patients and the staff that care for them, making wards, waiting rooms, staff area5 and hospital spaces more welcoming and comfortable. Our values The need5 of patient5 and hospital staff are at the heart of all we do. We are a local charity with a big impact, inspired by our patients, supporters and h05Pltal staff. We are loyal to and proud of our NHS hospltals and the staff who serve in them. Our values steer our work and we seek to demonstrate them in all our activities. The Charity also supports the wellbeing of hospital staff improving rest areas, and providing wellbeing packs and other simple enhancements. Some funding is also used to provide specialist support for dedicated clinical staff. Our Charity works across the John Radcliffe. Churchill, Nuff ield Orthopaedic Centre. Horton General and Oxford Children's Hospital, with every ward and department across some 40 sites able to benef it from the positive impact of charitable support. Respect Ambition Collaboration Openness This is all thanks to thoughtful and generous groups and individuals who donate to make a difference in their local communitv. Public benefit The Trustees confirm that they have paid due regard to the Charity Commission's general guidance on public benefit. and are mindful of ensuring that funds are used to best effect in the interests of the Trust's patients and staff.

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-2025 Structure, governance & management Statutory background The Charity is governed by its governing document.. the memorandum and articles of association dated 7 November 2017. Oxford Hospitals Charity (charity number 11758091 was formed as an independent charity on l January 2018 taking on the activities and assets of our predecessor charity, Oxford Radcliffe Hospitals IORHI Charitable Funds (charity no 10572951. Group structure The Charity has a wholly owned trading subsidiary, OHC Developments Limited IODLI, with paid-up share capital of £100. ODL was incorporated in England and Wales on 25 March 2019. The company develops staft accommodation. The Charity is made up of a large number of funds which may be used to benefit particular area of the hospital or medical service, to 5UPPOrt a research project or to fund certain training, equipment. support or development services for OUH staff. ODL has an Investment In Oxford Headington Holdings, joint venture with Oxford University Hospitals NHS Foundation Trust. Money received by the Charity for a particular area/service is placed in these individual funds to be used, as far as possible, in line with the wishes of our donors. There are also a number of general funds which are used for areas of greatest need in our hospitals. A summary of ODL'S trading results and net assets can be seen in note 2. These results are included in the 8roup con501idation. Our Trustees Each fund has at least one Fund Advisor (usually a member of Trust staff with specialist knowledge in the relevant areal who is responsible for 518nin8 off fund expenditure up to a certain level. Fund Advisors operate under the delegatecl authority of the Trustees to ensure that the money is spent appropriately, in accordance with charity law and in line with the wishe5 of the donor and for public benefit. The Trustees of the charitable companv Ithe Charity) are its directors for the purpose of company law. The Trustees meet at least qvarterly to make policy recommendations and funding decisions. The Fund Advisors liaise with the Charity team and receive financial statements. guidance information and ongolng support and advice.

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOU NTS Structure, governance & management When new Trustees are appointed, they receive a comprehensive induction and training programme. which includes spending time with the Charity staff who administer the Charity and manage fundraising activitv. The Trustees who served during the year ended 31 March 2025 and since the year end are below. Lady 8aldry Mrs Rebecca Kashti Professor David Matthews Ichair Dr Aparna Pal Dr Brian Shine Mr Keith Stacev Mr Graham Steinsberg Mrs Anne Tutt Our Trustees are appointed for a period of four years. By agreement of the Trustees thls period may be extended for an additional period (normally not to exceed 12 years in totall. Oay to day management of the Charity is delegated to CEO, Dr Douglas Graham.

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNT512024-25 Achievements and performance How we measure success on support where appropriate. The Charity sets an annual budget. balancing ambition and reality for both our income and expenditure. Trustees and senior management then monitor this through the year and in comparison to previous years taking into account income vs. budget, the balances of the different funds. and the range of applications for funding that arrive during the year. A formal review of actual vs. budget takes place at the September meeting of the Board of Trustees. Income to the whole charity sector was first impacted by COVID and then by the Cost of Living ¢risi5 and ongoing economic uncertainties. To combat this, in 2024125 we began planning a programme of investment in fundraising. This was part of an overall strategy to ensure financial sustainability and growth of income and charitable expenditure over the medium to longer term. Further detèlls are provided in the sections below. The Charity continually aims to increase the benefit it brings to patients and staff across the Trust. We ensure that fundraisin8 and other income generating activities are well planned to provide a good return on investment and also growth for the future. We also always seek to maximise. in an appropriate way, the returns from the CharitWs investments. For any charity the primary reason for raislng funds is to then spend them on its charitable objectives. And this year we were able to fund over £4rn worth of medical equipment, clinlcal projects, staff wellbeing projects, and specialist training across the four hospitals. We take care to ensure that we Spend our funds in a way that has the maximum impact, focusing on priority areas decided in conjunction with the OUH Trust executive and clinical staff. We actively seek information from the areas we have supported on the impact ovr funding has had on patients and staff. to ensure that funds are achieving the appropriate results. This allow5 US to report back to our supporters and donors in person and via letters, our webslte. magazines. reports, mass email and social media. Through our Programme team we proactively engage across the hospitals and at all levels. This is to ensure we understand the clinical needs and can prioritise applications for funding with most impatt. We deliver hands-

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Achievements and performance Significant charitable activities work of our Major Donor and Programme teams to find them the right project. Rhona Watson. Consultant Therapeutic Radiographer, talked of her gratitude for the support of Oxford Hospitals Charity and her excitement for this pioneering work. Our community of supporters. donors and fundraisers continued to go the extra mile for their hospitals throughout the year. Once again legacy donations through gifts in Wills were an extremely important income stream with £3.1 million donated in this special way. This includes a significant legacv left to our haematology research fund. as well as many other le83cies to areas across our hospitals. Community supporters participated in various events throughout the year, including rowing the Atlantic, Tough Mudders,, marathons, mountain climbing, Skydiving, and our very own OX5 RUN. We even saw one couple ask for donations to Oxford Hospita15 Charity instead of wedding gift5. Gifts Ilke these really power the work of the Charity, allowing US to transform our hospitals. Recognising both the importance and specialist nature of this form of donatin& the Charity ha5 brought in its first Legacy and In Memory Officer. This role will focus on growing awareness of gift5 in Wills and providin8 an excellent service to those who wish to leave a legacy, solicitors and familv members. The strategy aims to maximise the potential of legacy 8ivin8 in both the short and long term. A particular highlight was the number of children sUPPOrting us, including several local schools. Six-year-old Sylvie became the face of our Christmas appeal following her fundraisin8 in thanks for her care in the Oxford Children's Hospital. Her heartfelt message about how hospital staff made her 'feel like she was a superhero,, was the focus of our appeal. Providing the extras that make young patients like Sylvie feel happy and comfortable in hospital is part of our regular programme of SUPPOrt with activities, toys, games, computers and artwork funded wherever children are treated. And this support has become even more hand5 on since the official opening of our Charity Hub in July 2024, at the entrance to the Children's Hospital. Our Major Gifts and Trust and Foundation fundraising also performed very well, with a number of significant donations and grants. The team provides bespoke service matching donor interests to clinical needs. working closely to ensure that the positive impact of donations and grants are fully maximised. Our Hospital Engagement team ensures a friendly and supportive welcome and provides a wrap around service of kindne55 and sUPPOrt for families when they need it most. Funding from one of their donors was used to equip the Radiography team at the Churchill Hospital to perform a UK-fir5t procedure to help guide radiotherapy treatment for brain turnour patients with 'pinpoint accuracy.. This advance, which received widespread press interest, would not have been possible without the generosity of this donor and the

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 The hub, which is fully branded with a digital screen and tap to donate machine. h35 become a little oasis for families. as well as somewhere they can learn about the work of the Charity. donate or sign up to events. calm, distract and engage patients. young and old, also continues to be important with numerous projects enhancing our hospitals. Providing support for NHS staff, whether by improving staff rooms and changing spaces, funding their programmes of research or 5UPPOrting specialist training and learning - is also a fundamental role of our charity. The team engages with hospital staff. from thepinkandteal hub. helpingtosteersupport to areas thèt need it m05t. The Char5ty colours are doing their work out and about in the local community after our charity won the Oxford Bus CompanWs'Brand the Bus. Competition. This was against stiff competition from 60 other charities, so we were very proud to win this valuable prize and are thrilled to see 'our bus. on a daily basis a5 It navigate5 the city. All these prolerts and improvements make the experience of hospltal so much better for patient5 and staff. and we remain committed to ensuring thls vltal work can continue for the long term. But, as recent years have taught us, the charity landscape can move quickly, and our senior management team recognises the importance of diversifying so that we have a range of tools and techniques to raise income. We therefore spent time researching and scoping potential new income streams and at the end of the year committed to running a lottery pilot within our hospitals, to ralse more unrestricted income. Growing awareness of the Charity like this is key - and an ongoing programme of visibility work across our hospitals continues. And all this work, support ènd generosity has one key goal,. our mission to enhance the hospitals and make a real and lasting difference for our patients and staff. This pilot will. we hope, develop into an important foundation of support for the Charity, to underpin the improvements and advances which are so vital in our hospitals. Our Programme team, workin8 closely with Finance, Fundraising and Comms has overseen countless projects. innovations, and advances throughout the year. This includes the openin8 of a new Staff Accommodation block on the John Radcliffe site brlnging better quality and more affordable key worker accommodation to the heart of our hospltals. From the most high-tech innovations through to smaller. but none the less impactful, interventions for patients at their time of need. Oxford Hospitals Charity works closely with our NHS colleagues to ensure donations, fundraising and gifts in Wills from our community of supporters. work as hard as possible to make a positive difference in our hospitals. Funding state-of-the-art equipment remains at the forefront of our work, with recent examples including= a specialist rehabilitation treadmill at the Nuff ield Orthopaedic Centre for patients recovering from strokes.. the latest ultrasound technology to monitor patients following complex heart surgery and 'game-changing' equSPTnent for Spinal and brain surgery in children. We remain hugely grateful to all those who help us in our mission to enhance the hospitals and make a real and lasting difference for our patients and staff. The role of art and music in our hospitals to

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial review Income The CharIt￿S total income 2024/25 was £6.5m. The majority of this was thanks to the 8eTier051ty of individuals, compènie5, and grant-awarding trusts who made donations, raised funds, left gifts in their Wills. and awarded grants. The major categories of income for the year were.. Other income Grants from external organisations totalling £1.4m were received in the period. This includes a further £l.Om from the County Air Ambulante Trust towards the creation of a new helipad at the John Radcliffe Hospital. We acknowledge and thank all Individuals, groups and organisations for helplng us In our actlvltles supportlng patients and staff across our hospitals. Legacles Income from legacies always ha5 an important impact. They enable a variety of projects- often of a larger scale- to take place and more expensive pieces of medical equipment to be purchased. By their very nature the level of legacy income can vary siEniflcantly year to year, however this continues to be a vital source of our funding. Investment policy The Trustee5 continue to seek investment returns which can be used to offset the running COSt5 of the Charity and to provide additional funding for charitable projects. The Charity's investment policy was reviewed by the Investment Committee in November 2024. The investment objective for the main portfolio of financial investments is to preserve the real value of capital and maximise the tot31 investment return over the longer term without takin8 undue risks. providing income to support current operations. Donatlons from Indlvlduals and malor donors As a Charity we continue to be grateful to the thousands of individuals who raise money and donate, enabling the Charity to continue our charitable expenditure across all the hospitals we support. Fundraising by groups and organi5ations Alongside individual fundraising, we have also seen a number of groups and organisations continue to fundraise and donate to us as part of their support of their community. The Charity has a policy of not investing directly in tobacco or armaments and where investments are made in fLsnd5 the Charity regularly monitors the underlying exposure of the fund to those Sectors. The Charity does not hold Short P051tions Isell stocks it does not own). Group trading activities The Charity's trading subsidiary entered into an agreement with HousinE Association A2Dominion to redevelop staff accommodation on the Charitvs investment land in 2019120. Spencer Court on the Churchill site was opened in 2022, and this year phase l of the Ivy Lane redevelopment on the John Radcliffe site was completed and opened. The Charity investments are held in a diversified portfolio and managed by specialist investment manager5 in line with our investment policy.

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial review The Charity also holds part of its investment assets in cash. Apart from balances required to cover day to day cash flow. cash investment5 are held in term deposits, timed to mature when required for planned charitable expenditure. As explained above. the Charity has invested in two properties with a view to providing long-term quality staff accommodation for Trust employees and to provide a fixed investment return. The Charity's primary concern in investing cash is security. Accordingly. its policy is to hold its cash with UK banks, with a minimum rating of B+ and spread between several institutions to limit exposure.

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Other policies Reserves policy The Trustees set a target range for reserves. Currently the minimum level for the target range is set as the aggregate of.. Reserves are defined by the Charity Statement of Recommended Practice ISORPI as "that part of a charity's unrestricted funds that is freely available to be spent on any of the charity's purposes" 12 months budgeted overhead costs; and 12 months charitable expenditure from the general funds (based on historic average) Maintaining a suff icient, but not excessive, level of reserves is important to support the activities of the Charity. by allowing us to meet our running costs and ensure continuity in our level of support for our hospitals in the event of a significant downturn in income or change in our financial circumstances. The maximum level for the target range is set as twice the minimum level. At 31 March 2025 the Charity held £4.7m in general funds. These are used to cover operational costs, to invest in fundraising to grow future income, and also to fund charitable expenditure. This figure is towards the top end of the target range of £2.4 - £4.8m calculated under the current policy. Thls was partly due to a large legacy received within the year, and partly the result of a decision taken In the 2024125 budget preparation to take more of our charitable expenditure from designated funds whilst we regrow the balance of our general and hospital level funds. In 2025126 we will be revising our reserves polity, including movin8 to a more vseful risk-based approach for calculating the required level of reserves. The Charity holds a number of general funds and hospital level funds related to our broader charitable purposes. Where the balances on these funds exceed our target reserves, they are used to fund our expenditure on charitable activities, in line with the Charity's budget and strategv. In common with other hospital charities, significant proportion of our income is donated with a wish to support a specific ward or clinical specialism within our h05Pltals. Our policy is to transfer these donations into designated funds, to ensure that they are used as far as POS5ible in accordance with the donorfs wishes. Staff remuneration Staff remuneration is determined under the Charity's pay and rewards policy overseen by the Remuneration Committee. In line with Charity Commission guidance. no reserves policy is established for these designated fund5, but we work proattively with our Fund Advisors to ensure that donations are spent reasonable timeframe. New staff are recruited externally with reference to prevailing market rates. We do thi5 by setting an overall charity budget taking account of tund balances and regularly reviewing the use of dormant/slow moving unds. io

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Fundraising review The Charity has a team of professional lundrai5ing staff. Activities include hospital- based fundraising, community-based fundraising, direct marketing with existing supporters, and the development of long- term relationships with individuals. companies, fundraising groups and grant- making bodies. projects. driving numerous innovations and improvements in the are3S that make a real and lasting difference to the communities they call home. We also understand that some of these individuals may be vulnerable, going through difficult and emotional times or in some cases are recently bereaved. We work closely and carefully with our charity supporter5 to ensure we get the balance right- encouraging and thanking them for their donatlons and fundraising without being intrusive or exerting any pressure on them. In our interactlons and communications with supporters. we seek to update them about the impact their donations have made as well as letting people know about upcoming fundraising activities. We keep in touch with our donors through a range of channels, from traditional methods like mail and telephone to digital platforms such as email, soclal media, and our website. We also share updates and stories through our twice-yearly charity magazine, regular impact reports and online at www.hospitalcharity.to.uk. We have not undertaken any cold-callin8 or door-to-door fundraising. The Charity is re8lStered wlth the Fundrai5in8 Regulator and follows its Code of Fundraising Practice. This is in addition to our wider governance responsibilities, including those around data protection under the General Data Protection Regulation IGDPRI. This past year, the team has embraced new technologies to improve the way we communicate with our donors. Digital platforms such as Dataro and DotDigital have helped streamline how our donors experience our charity message5, moving towards much more personalised interactions. We encourage feedback from our supporters, sharing any learnings amongst the Charity team and. where appropriate, Trustees. We responded quickly. honestly and respectfully to any negative feedback received. We did not receive any tomplaints during the year. We want every sUPPOrter to know how their kindness is making a difference to their local hospltals, and these new platforms will help us stay connected, share impact more meaningfully, and build even stronger relationships moving forward. The continuing support of our donors is invaluable to us. Many of our donors and supporters have firsthand experience of care within our hospltals. Thanks to their generosity. we can channel these donations into inspiring li

2024-20251 OXFORD HOSPITALS CHAR1TY REPORT AND ACCOUNTS Risk management We maintain a risk register which sets out the principal risks that could affect the Charity and the fulf ilment of its objective5. income and expenditure, we are not at the point of having to implement any severe cost- cutting measures. Risks are assessed regularly by the Charity's Senior Management Team for severity and likelihood, with mitigating èctions identified to rninimise their likelihood and impact. These rlsks and progress on these actions are reviewed regularly by the Trustees at each Audit Committee and at every other full Board meetings. The Charity's senior management team monitors income and expenditure on an ongoing basis, and conducts a rigorous half year financial review. including the estimated end of year position. This is presented to Trustees and allows us to understand if any changes to expenditure up or down are required in the final quarter of the financial vear. As a result of these regular reviews, the Trustees are confident that the control systems identified in this exercise are embedded in the management and culture of the Charity. and that managers and staff are aware of their responsibility for internal control. Through the year our risk register reflected both the actual and potentlal impact of the economic environment In relation to fundraising and investment income, and the resulting risk to our ability to provide widespread support acros5 the h05Pltals. As for most charities, the Trustees. risk assessment identifies a number of areas where there could be slgnificant fisk (based on the likelihood of the risk occurring andlor the magnitude of its Potential effect). However, for the majority of these risks there are sufficient controls in place to ensure the residual risk is minimised. In addition to the national economic circumstances, this year there has been a delay to some expected income, including a £3m legacy which is now subject to a legal challenge. As a result, the need to ensure long-term financial sustainability land specifically the need to cover operational costs) was added to the risk re81Ster. During the 2024125 financial year the Charity's risk register identified the following as areas with highest overall risk, after takin8 account of the control measures and mitigation currently in place. Over the shorter term, we retain 3 Sultable level of reserves and are a financially well managed and efficient charity, so this is seen as a risk. but a manageable one. Ensuring long-term financial sustainability In mitigation, we have the normal fundraising plans and targets as part of the annual budget for 2025126. This included a post dedicated to legacy marketing- a very important source of income over the medium to longer term. Like many other charities our income has been impacted by the continuing economic uncertaintie5 which have affected fundraisin8 and other income streams. However. due to careful plannin8 and close monitoring of 12

OXFORD HOsP￿AL5 CHARITY REPORT AND ACCOUNTS12024-25 During 2024125 we also began planning and implementing specific activities to address the issue of financial sustainability. This included- construction phase, the development of this campaign has been on hold during the year. Mitigation measures, prior to committing to a fundraising campaign. will include conducting a feasibility study to a full project plan,. working closely with the key staff at the clinical and executive level to develop an inspiring case for support. seeking a signed agreement with the Trust coverir)g the main areas of risk- and not launchlng a fundraising campaign until a business case has been approved by the OUH board. Developing a long-term programme to invest in fundraising. The adoption of a three-year rolling budget to give a longer term view of f inances and cashf low. Charitable expenditure plans which focussed more on spending from designated and restricted funds than from our general and hospital fund5. The Investment Committee continues to regularly review our investment strategy to ensure it is appropriate for the circumstances. Changing requirements of the Trust With the more rigorous financial constraints within the NHS the requirements and priorities of the Trust can change quickly. As a £1.5 billion pa organisation they also have a higher level of materiality compared to the Charity when considering risk. Thls means a change of fotus can have a serious impact on the Charity, especially when we are considering committin8 to long-term projects. Risk of a failed appeal During the year we continued discussions with the OU H Trust on developing a p055ible large capital fundraising and fundin8 campaign. While these large projects bring Sl8nificant benefit to our hospitals and patlents, they carry inherently greater risk.. A charity of our size being able to raise a very large sum over a limited period of time. For larger projects the Charity/Trust Liaison Committee continues to prove useful for coordination and planning of priority areas for Charity funding. The Charity also attends a number of Trust committees and working groups. Bein8 able to continue broad charitable expenditure at a significant level v5 raisin8 these specific funds. The cost of scaling up the fundraising team by the required amount and being able to recrLJit suff icient staff. For large projects the Charity has adopted an approach of only committing to fundraising and funding once an outline business case has been agreed by the Trust Board. Due to the Trust's need to focus on the initial 13

2024-20251 OXFORD HOSPITAL5 CHARITY REPORT AND ACCOUNT5 Plans for the future As the official Charity 5UPPOrting the Oxford University Hospitals NHS Foundation Trust, it is important that the Charity continues to align with the Trust's strategic priorities wherever possible. Each strategic objective has a number of goals to be achieved over the following five years, and during 2024125 a comprehensive review of these goals was undertaken by the leadership team to ensure progress and continued relevance. We take a proactive approèch to this, liaising and engaging at all levels of the Trust with the executive management, divisional and directorate management. and across different clinlcal services and wards. This 15 allied to a grant process which seeks to attract and assist applicants, whilst remaining robust In their evaluation. The followlng goals are hlghli8hted.. The development of an in-hospital lottery which was launched in April 2025 and is on course to generate significant levels of unrestricted income over the coming years. The development and delivery of a long- term programme of signifitant investment in fundraising. This will be included in the 2026127 budget. A programme to consolidate the large number of designated funds into a smaller. more manageable number that will make spending easier and more flexible,. support our fundraising activities,. and ultimately allow us to spend down our fund balance on charitable activities. We make things happen that can't be achieved with NHS funding alone. Our USP is that we are here to support every type of clinical and support service at all levels across the hDSPltals. In doing so we are directlv responsible for elevatin8 the level of patient care across the Trust. Our six strategic oblectlve5 are: To increase income for deliverable needs and inspSre lasting donor support for Oxford Hospitals Charity. Continue to increase the visibility of our Charity within the four hospitals ensuring all funded projects include the Charity brand, the introduction of new 'Recognition Wall, to celebrate donors, and further branded vinyl installations. We will expand our hospital-based team and activity to the Churchill hospital, further raising the visibility of our organisation and increasing ovr abi lity to provide practical hands-on support for patients and staff. We will also increase the visibility and recognition of the support we receive from our donors and legators across the hospitals. To be a Charity with a stron8. visible presence in each hospital. To ensure we have motivated and value adding staff with a 'one team, approach across the Charity. To build on the partnerships with our NHS Trust and key stakeholders to plan and deliver support effectively In our hospitals. To ensure we are financially resilient in uncertain economic times. To spend and do more to significantly increase the level of support we provide to patients and staff across our hospitals. 14

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Statement of Trustees, responsibilities The Trustees (who are also the directors for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. Company law requires the Trustees to prepare financial statements for each fSnancial period that give a true and falr view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In prepar ing those flnancial statement5, the Trustees are requlred to.. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. there is no relevant audlt Information of which the charitable company's auditor is unaware- and select suitable accountlng pollcies and then apply them consistentlv,. comply with applicable accounting standards, includrng FRS 102, subject to any material departvres disclosed and explained in the financial statements- state whether a Statement of Recommended Practice ISORPI applies and has been followed. subject to any material departures which are explained in the f inancial statements- the Trustees have taken all the steps that they ou8ht to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. This report was approved by the Trustees on 29 September 2025 and signed on behalf of the Trustees by: make judgements and estimates that are reasonable and prudent; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Professor David Matthews Chair of Trustees 15

2024-20251 OXFORD HOSPITALS CHARITY REPORT ANO ACCOUNTS Independent auditor's report to the members and Trustees of Oxford Hospitals Charity Opinion We have audited the financial statements of Oxford H05Pltals Charity Ithe'company'l for the year ended 31 March 2025 which comprise the Group Statement of Financial Activities. the Group and Parent Charitable Company Balance Sheets. the Group Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AccountinB Standards, including FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Prarticel. In our opinion the financial statements= Bive a true and fair view of the state of the group's and the parent chafitable company's affairs as at 31 March 2025 and of the group's incoming resources and application of resources. includin8 Its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charlties Act 2011. Basls for oplnlon We conducted our audit In accordance with International Standards on Auditing IUKI IISASIUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the audit ol the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requrrements. We belreve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statement5, we have concluded that the trustee5' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve month5 from when the financial statements are authorised for issue. 16

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Independent auditor's report (continued) Our responsibiif(ies and the respon5ibiltties of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the linancial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express 3ny form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilitv 15 to read the other information and. in doing so. considèr whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies OT apparent material misstatements, we are required to determine whetherthere is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are fequired to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Art 2006 In our opinion, based on the work undertaken in the course of the audit.. the infofmation given in the trustees. annual report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, annual report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light ol the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit. we have not identified material mi5Statements in the trustees, annual report. We have nothing to report in respect of the following matters where the Comp?nie5 Act 2006 and the Charitie5 Act 2011 require us to report to you if, in our opinion: the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branche5 not visited by us; or the parent charitable CoMpan￿S financial statements are not In ag￿ement with the accounting records and returns- or certain disc105ure5 of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our auilit- or 17

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Independent auditor's report (continued) the trustee5 were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees, Annual Report and from preparing a 5trategi£ report. Responsibilities of trustees As explained more fvlly in the trustees, responsibilities statement set out on page 14, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the frnancial statements and for being satisfied that they give a true and fair view, antl for such internal control as the tiustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financi315tatements, the trustees are responsible for assessing the group and parent charitable company's ability to corbtinue as a going concern. disclosing. as applicable, matters related to going concern and usin8 the going concem basis of accountin8 unless the trustees eithei intend to liquidate the group or parent charf(able company or to cease operations. or have no realistic alternative but to do so. Auditor's responslbllltles for the audlt of the financial statements We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts. Our objettives 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 hiBh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in aggregate, they could reasonably be expected to inflvence the economic decision5 of users taken on the basis of these financial statements. As part of an avdit in accordance with ISAS IUKI we exercise professional judgement and maintain professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform aLbdit procedures responsive to those risks. and obtain audit evidente that is suffÉcient and approprtate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, a5 fraud may involve collusion. forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the Purposes of expressing an op4nion on the effectiveness of the group and parent charitable company'5 Illternal control. 18

OXFORD HOSPITAL5 CHARITY REPORT AND ACCOUNTS12024-25 Independent auditor's report (continued) Evaluate the appropriateness of accounting polities used and the reasonableness of accounting estimates and related disc105ure5 made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and parent charitable company's ability to continue as a going concern. If we conclude that 3 material uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However. future events or conditions may Cause the group or parent charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, includin8 the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidet)ce re8arding the financial infomiation of the entities or business activities within the grovp to express an opinion on the consolidated financial statement5. We are responsible for the direction. supeNision and performance of the group audit. We remain solely responsible for ovr audit report. We communicate with those charged with governance regarding, among Other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Explanatlon as to what extent the audit was consldered capable of detertln8 Irregularltles, Including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above. to detect material mi5Statements in respect of irregularities, including fraud. The extent to wh5ch our protedures are capable of detecting irregularities, including fraud is detailed below. The objettives of our audit in respect of fraud, are,. to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material mi55tatement due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond appropriately to instances of fraud or Suspected fraud identified during the audit. However. the primary responsibility for the prevention and detertion of fraud rests with both management and those charged with governance of the charitable company. 19

2024-20251 OXFORO HOSPITALS CHARITY REPORT AND ACCOUNTS Independent auditor's report (continued) Our approach was as follows.. We obtained an understanding of the legal and regulatory requirement5 applicable to the charitable company and considered that the m05t significant are the Companies Act 2006. the Charities Act 2011. the Charity SORP. and UK financial reporting standards as issued by the Financial Reporting Council. We obtained an understanding of how the charitable company complie5 Wlth these requirements by discussions with management and those charged with governance. We assessed the risk of material misstalement of the financial statements. includin8 the risk of material misstatement due to fraud and how it mi8ht occur, by holding discussions with management and those charged with 8overnance. We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non.compliance with laws and regulations. Based on this vndeistanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as reguired. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with law5 and re8ulation5 that are not closely ielated to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to a fraud is higher than the risk of not detecting one resulting in error, as fraud may involve deliberate concealment, for example forgery or intentional misrepresentations, or through collusion. Use of our report This report is made solely to the charitable companrfs members, as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2C(J6 and. respect of the consolidated financial statements, to the charity's trustees, as a body, in 3ccoriJance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we mi8ht state to the charitable company's members and trustees those matters which we are requireLI to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to any party other than the charitable eompany, the charitable company's members, as a body. and the charity's trustees, as a bodv, for our audit work, for this report, or for the opinion we have formed. Adam Fullerton1Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP. Statutory Auditor 6, Floor 9 Appold Street London EC2A 2AP Date: Moore Kingston Smith LLP is eligible to art as auditor in terms of Section 1212 of the Companie5 Act 2006. 20

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 -on5clidated Ststement of rinancial Actsvitie5 lin,cluding wOP.s01idated ir,conie and exFendrture statement) for the year ended 31 March 2025 JI MaT 2025 To￿1 lund• UVfesmtte- RegJtte# lcome Frorn.. Epn¢tl¢llg aff# Ltgècts Ccp.ai¢ia 1.25< 1.405 J.1T4 1.405 cc C￿.Jrrti￿ e8 447 Totol Income 5.255 1.149 6.505 6.490 Expenditure on.. qais￿4 Fun A2$1 16 625 740 sub lOt•l.' tip•ndiiur8 on raliinq tund• cnarrtatle ac1￿4￿ {1.1241 110191 15231 14S7'. 1788.. Regeatc 112041 341 ij Sub ioial.. expenditure on charitable eipÈndrtur¢ 14 £2¢ 1SX5'. Net incom•,'i•xpendilurel Wore gain•.'1108esl & tranil•r• 696 1,1?5 IP p 1￿>?¢9 cn re. 04Jaitcn ap.tt ov4¢csai cf ietff¢ni assti tev 2e2 Nti Incorne I lexpeTrdltvr•l and net mo¥emeth in fvnd• for the per 956 112 2.539 Reconclliètion of Funds Fund balanc¢• ur¥ied iorward at 31 March fS.294 6.704 21.9Y9 20.670 Comparatlve figures for each class of funds are provided in notes 24 and 25 to the accounts. All income and expenditure relate to continuing operations. Notes I to 25 form part of these account5. 21

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Consolidated and Chanty Balance Sheet at 31 March 2025 GROUP CNAWTY C￿.￿ft-. V At 31141ar 1025 Total Fund• Al )1 Mar ￿2& Dts.. F￿r￿lS f¢¢¢ Fixed A•ei 14.551 1• 717 13.209 -aroi£lt FDéc aJs• 7oiai FIx¢d Ay•¢T4 39 Jg 13.N8 turTeni A••ei• 4.1?0 5.231 9.95? C4S 08 Egt oe9 s.?Ji Tothi Curr•n¢ A$i• ¢rettrtor5 lotro aue 13.53$) NIIC￿rrenl A•set• eQ?£ r2E¥ Totsi A•4•1•1••4 Current Liabilrtit• 21.999 ¢e7G 21.944 pt ¥lbt Total N•1 A&•et• zi. Fund of ine Ch8r*y A¢•tr.ue" Fun-s 6.704 i¢.e29 lQ.5J7 4.703 evera. fur.#s Toiai Fund• As permitted by section 408 of the Companies Act 2006 the parent tharity's gross income and results have not been included in the ftnancial statements. The net income / lexpenditurel of the parent charity for the period was £1,171k12024.' £3,314kl. Comparative figures for each closs of funds are provided in notes 24 and 25 to the accounts. Notes I to 25 form part of these accounts. These financial statements have been prepared in accordance with the provisions applicable to the small companies regime. The financial statements were by approved by the Trustees on 29 September 2025 and signed on behalf of the Trustees by.. Professor David Matthews (Chair of the Board of Tru5tee51 Company Ntjmber.. 11052176 22

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Consolidated Statement of Cash Flo￿￿ for the year ended 31 March 2025 Group Yeav ended 31 Mwr 2025 Group YeAr ended 31 Mar 2024 N￿e$ Cash flows lor opera￿n9 •¢UviO•¥ Net C&8h gerryied from ¢￿ting acliytie5 ano Ch8nioNktithts 20 2830 ah Flow•lrom Invqing Activit1•• $tment Ill¢W8 Purchase ofiwgible Ix•d Purch•s• ol Insknonls Pmceed5 from S¢ ￿1n￿1M￿S N•1 c••h provfjd•d by In¥•￿n9 aCbvi￿*• 447 369 {4.6301 12.2201 2.069 212 66 crea&e I Id¢¢r•u•l In 21 857 3.042 O￿nIng Ca8h Cbsir4 Cash bHlan 6.049 5,232 3.047 e.08$ r¥•¥• l (dKmD8•1 In celh B57 3.042 Th• ch8niy no nèt dèbt lccuthngty pty￿ad. Notes I to 25 form part of these accounts 23

2024-20251 OXFORD HOSPITAIS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 1. Accounting policies The principal accounting policies adopted in the preparation of the financial Statements are set out below. They have been applied consistentlv during the current and preceding periods. The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast Significant doubt on the ability of the charity to continue a5 a going concern. The Trustees have considered a range of income scenarios to satisfy themselves that the Charitv remains a going concern. 1.18asis of Pre aration of the Accounts These financlal statements are Prepared on going concern basis. under the historical cost convention, as rnodified by the revaluation of investments being measured at fair value through income and expenditure within the Statement of Financial Activities. The Trustees have made rhls assessment for a period of at least one year from the date of approval of the financial statement5. In particular the Trustees have considered the charity's forecasts and projertions and have taken account of pressures on donation and investment income. The financial Statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity a150 prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI, the Charities Act 2011 and the Companies Act 2006. After making enquiries the Trustees have concluded that there are no material uncertainties an(1 that the charity has adequate resources to continue in operational existence for the foreseeable future. 1.2 Incorne Donations Income 15 included in full in the Statement of Financial Activities as soon as the following three factors can be met: lil entitlement- arises when a particular resource is receivable or the charity's right becomes legalty enforceable,. ill probable- when it is more likely than not that the economic benefits associated with the transaction or gift will fltsw to the charity; and liiil measurement- when the monetary value of the incoming resources can be measured with sufficient reliability. The financial statements are prepared in sterling, which 15 the functional currency of the charity. Monetary amounts in these financial statements are rounded to the neared one thousand pounds throughout. The principal accounting policies adopted in the preparation of the financial statements 8re set out below. Going concern The financial statements are prepared on 8 going concern basis which assume5 the charitable grotjp will continue in operational existence for the foreseeable future. 24

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Donations in Kind Donated good5 are recognised at fair value in the period in which they are received, where the value to the Charity can be reliably measured. All goods received are distributed during the relevant financial year. Income from lease premiums are recogrhi5ed when leases are assigned as the risklreward has been transferred to the developer. the Charity no longer hos control over the management and development of the site. the amounts can be measured reliably and receipt is probable. Legacies Legacies are accounted for as income once the receipt of the legacy becomes probable. and the amount receivable tan be estimated with sufficient accuracy. This will be once there has been grant of probate, the representative5 of the estate have established that payment of the le8acy will be made or property transferred and once all conditions attached to the legacy have been fulfilled and the amount receivable can be estimated with suff icient aceuracy. Allocation of income to funds Income is always credited to a fund which will benefit the area where the donor has expressed wish for their gift to be used and are classified as restricted or designated funds. If the donor has not expressed a wish for the area of use. it is credited to an Unrestricted General Fund and is used at the Trustees, discretion in accordance with the object5 of the charitv. 1.3 Ex enditure Grants Grants are recognised once there is evidence of entitlement if there are no conditions attached, receipt 15 probable, and the amount receivable an be measured reliably. All expendf(ure is recognised once there is legal or constructive obligation to make a payment to a third party, and the resulting liabilities are recognised at their Settlement value. If the grant has conditions attached which must be fulfilled before the charity has control ol the resources, the meeting of these conditions is within the Charity's control, and there is sufficient evidence that the conditions will be met, then the grant is retO8nised. However. where the meeting of the conditions is not probable or not within the contToI of the Charity. the grant would not be recognised until the conditions set have been met. The Statement of Financial Activities provides an analysis of expenditure based on the nature of the activity undertaken. The expendr(ure undertaken is divided between three main activbties lil Costs of raising funds which includes the costs of gener8tit)8 voluntary income Ifundraising lill Charitable activities comprisin8 all cost5 incurred In the pursuit of the charity's objectives, and in line with SORP 2015 IFRS 1021 also includes the support and governance costs of the charity and liiil other types of expenditure which do not fall into category lil OT liil. If a donor imposes a time period for spending the grant, and the expenditure is to take place in a future accounting period, it would be accounted for as deferred income and recognised as a liability unlil the accountin8 period in which the charity is allowed to spend the grant. If the donor has given the condition that they can recover any unspent part of a 8rant, the liability foi any repayment would be recogni5ed only when repayment becomes probable. Grants payable are payments made to related or third party NHS bodies and non-NHS bodies primarily for charitable purposes relating to the general or any specific purposes of the Oxford University Hospitals NHS Foundation Trust or to purposes relating to the Health Service. The Lease Premiums 25

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS grants are accounted for on an accrua15 basis where the conditions for their payment have been met or where the recipient has a reasonable expectation that they will receive a grant. Provisions are made where approval has been given by the Trustees as such approval represents a firm intention which has been communicated to the intended recipient. Legacy funding for general research purposes is allocated for spending by the Oxfordshire Health se￿ice5 Research Committee. Governance costs Governance costs include the costs of arrangements which relate to the general running of the tharity, allowing it to operate and to generate the information required for public accountability. Included under thi5 heading are direct costs such as audit fees. legal fees and Costs associated with statutory requirement5, such as the preparation of statutory accounts. Governance costs are accounted for on an accruals basis and after any direct allocation to individual funds where app¥opriate. the balance is allocated against charitable activitie5 on the Statement of Financial Activitie5. Cost of raising funds The costs of raising funds are the costs associated with generating income for the charity. This includes the costs of generating voluntary income Ifundraisin8 Costsl and the costs of holding f4Jndraisin8 events. Where appropriate direct costs of fundraising are apportioned directly against the individual funds generated, and other indirect fundraising costs are funded from 8eneral and unrestricted investment funds. Support costs In undertaking an activity there may be support costs incurred that whilst nece55ary to deliver an activity. tlo not themselves produce or constitute the output of the activity. Support costs are accounted for on an 3CCTua15 ba515. The costs are apportioned across each individual fund within the charity on an average balance basis, and allocated between governance and charitable activities on the Statement of Flnancial Activities. Charltable activltles Costs of charitable activities comprise all costs incurred in the pursuit of the charity's objectives, as opposed to the costs of raising the funds to finance these activities. Expenditure on charitable activities will be for the benefit of patients, staff. research or education. The costs include the direct costs of the charitable activities together with the SU Pport costs incurred that enable these activitie5 to be undertaken. Taxation As a registered tharity, donated income is exempt from Income tax under part 10 of the Income Tax Act 2007 or Section 256 of the Taxation of the Chargeable Gains Act 1992, to the extent that surpluses are applied to it5 charitable purposes. Grants payable to related or other NHS bodies repre5ent5 contribution5 to the revenue 3nd capital expenditure of Oxford University Hospitals NHS Foundation Trust. Grants to third partles are payments In furtherante of the charity's objectives for purposes relating to the Oxford University H05Pltals NHS Foundation Trust or to the Health Service generally. This includes expenditure on medical equipment. research and amenities for patients and staff. ODL has policy of gifting taxable profits to the charity each year to the fullest eKtent possible to maximise to the Charity Irrecoverable VAT is charged against the Category of expenditure for which it was incurreij. Expenditure on research projects and equipment is not applied for commercial activity, and the results of such expendr(ure are the property of the Trust. 26

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Tangible fixed assets costing more than £2DO are capitalised and under the c05t model are stated at historical cost less accumulated depreciation and any accumulated impairment losse5. Historical cost includes expenditure that IS directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. using the straight-line method. Liabilities Liabilities are recognised at their settlement value. 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 classified as unrestritted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purpose5 and in line with the donor's wishes are classified as designated funds. Depreciation is provided on the following basis.. Fixtures & Fittin85. 20% Office equipment- 33% Hospital hubs- 20% 1.5 Polic to determlne each desi nated Fund A de5ign3ted fund will only be opened if the purpose of the proposed fund falls within the charity's objerts. and there is no existin8 lund which would cover the same purpose and area. It must be established that all income is eharitable, and the purpose for which it 15 given le.g. any combination of research, education, patient or staff welfare). New 2024125 The assets, residual values, useful lives and depreciation method5 are reviewed. and adjusted retrospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined bv comparing the proceeds with the carryin8 amount and are recognised in the Consolidated Statement of Financial Artivities. A further stipulation for a new designated fund to be opened 15 that it is required to have an active life of al least 2 years. The major funds held within these categories are disclosed in note 14. Flxed asset Investments Investments comprise an investment portfolio with Rothschild & co, fixed term deposits with Akoni and Lloyds bank. 1.6 Transfers between fun A Transfer between funds is permissible if authorised by the appropriate Fund Advisor. it is proper use ol the funds. and is within the objects of the funds involved. For example. fund5 could be transferred from an unrestricted general fund lo a restricted fund to finance deficit or provide additional *undin& or between two unrestricted funds. or to merge one or more designated funds. Investments are shown at market value as at the balance sheet date. The Statement of Financial Activities includes the net gains lor losse51 arising on revaluation and disposals throughout the period. Investment properties Two sites were purchased from Oxford University Hospital NHS Foundation Trust on 29th March 2019 at a cost of £3m. The sites were subsequently leased to a developer for the provision of staff accommodation. 1.7 Fixed assets Tangible fixed assets 27

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Individual properties are carried at current year value at the balance sheet date. A full valuation is obtained from a qualified valuer for each property every three years and in any year where it is likely that there has been a material change In value. 1.8 Poolin scheme An official pooling scheme is not required as the charity can identify the ownership, down to individu31 fund5, of all its assets. 1.9 Em ee benefits Investment gains and105ses All gains and losses are taken to the Statement of Financial Activities as they arise. The costs of short terni employee benefits are recognised a5 an expense in the period in whieh the expenditure was incurred. Realised gains and losses on investments are calculated as the difference between sales pioceeds and opening market value lor date of purchase if later). The charity operates two pension provisions.. In the first scheme, the charity P3y5 pen510ll contributions to staff members, own personal pension plan5. No further obligation or liabilitv arises on these payments. In addition the charitv pays employer's contributions to the NHS pension fund on behalf of an employee who remains in the scheme. Unrealised Bains and losses are calculated as the difference between market value at the end of the accounting period and opening market value lor date of purchase if later). Realised gains and losses on investment properties are calculated as the difference between the latest market valuation and the opening market valuation lor date of purchase If later). As the scheme is a multi.employer scheme it Is not possible to Klentify the charity's a5set5 and liabilities in this scheme and so full disclosure is not POS5ible. All pensions are therefore treated as defined contribution. Jolnt ventures Entities in which the Group holds an interest and which are jointly controlled by the Group and one or more other entity are treated as joint ventures. i.io o eratin Lease The Charity holds a lease for its offices at Wood Centre for Innovation, Headington, Oxford. The lease is charged on a straight line basls to expenditure. In the Group financial statements joint ventures are accounted for usln8 the eqvky method. 1.11 Basis of consolidation Joint ventures are recognise(l initially in the balance sheet at cost and subsequently adjusted to reflect the Group's share of total comprehensive income and equity of the joint venture, less any impairment. Losses in excess of the carrying amount of an investment in a joint venture are recorded as a provision only when the Group has incurred legal or constructive obligations or has made payments on behalf of the joint venture. The tonsolidated financial statements of the charity incorporate the financial statements of the Charitable Company Oxford Hospitals Charity Icharity number 11758091 and its fully owned trading subsidiary. OHC Developments Limited IODLI. Intercompany transactions and balance5 between charity companies are eliminated. Consistent accounting policies have been adopted across the group.

OXFORD HOSPITALS CHARITY REPORT AND ACCOUMrs12024-25 As permitted by section 408 of the Companies Act 2006 the parent charity's gross income and results have not been included in the firkancial Statements. million. The cost of the policy in the year ended 31.03.25 was £5.Ik131.03.24'. £4.3k l. 1.13Li uid Resources 1.12 Related Part Transactions The Cash Flow Statement includes the net cash flows from the management of liquid resources, which takes into account the cash movements relating to investment income. acquisitions and disposals, plus any movements in short term deposit account balances. The Charity's purpose is to support the work of Oxford University Hospitals NHS Foundation Trust (the Trust). This is acheieved primarily via grants awarded to the Trust, as detailed in note 1.14 Estimation Techni ues for Accruals The Charity made revenue and capital payments totallinÉ £91k12023-24.' £84kl to the Trust. The payments were made in support of patient and staff welfare, research, education, and capital building projects. and included costs of salaries, training, travel, buildings. equipment and seNices. The charity accrues for items of expendrture which relate to the current period where invoices have not been processed or received before the year end. Estimates are made in some instances where invoices have not been received based on activity andlor expenditure for the year to date. Generally accruals are based on invoices or other appropriate (locumentation. Trade creditors include £86k due to the Trust at 31.03.25131.03.24.' £23kl. The Charity's subsidiary had no transactions with the Trust during the year. The Charity may also make estlmates for lega income accruals where although the receipt of a particular legacy is probable and the amount is known with reasonable certainty Isee note 1.21, there may be a requirement to estimate the full and final amount receivable by the charity. This usually involved makin8 a prudent assessment, with reference to draft estate accolbnts prepared by the administratorl executor. The Charity charged no inteiest 12023-24.. £48,124) on a loan to it's trading subsidiary in the current year. The balance due to the Charity from the trading subsidiary at 31.03.25 was £4.6m131.03.24 . £4.Iml. 1.15 Ke assum tions and ud ernents The trading subsidiary did not distribute any profits during the year £ under gift aid to the Charity 12023-24 - £694,498). The Charity applies judgement when estimating le8ary accruals. Legacy gifts are assessed on 3 case by case basis as set out above. The Trustees consider that there are no judgements, apart from those involving estimation5, made in the process of applying the Charity's accounting policie5 which have a significant effect an the amounts recognised in the statements and which require disclosure. They also consider that there were no key assumptions concerning the future or key sources of estimation uncertaintv at the reporting date that have a significant risk o* causing a material adjustment to the carrying No remuneration was paid to the Trustees from the Charity during the period. Travel and subsistence expenses totalling £156 have been claimed by l Trustee and paid during the year 12023-24 £144 for I trusteel. A combined insurante policy is held by the charity which includes trustees, indemnity and officers liability Ir15urance 35 well as public liability insurance, providing cover of up to £10 29

2024-20251 OXFORD HOSPITAL5 CHARITY REPOR T AND ACCOUNT5 amount of assets and liabilities within the next reporting period. financial instruments and are included in the balance sheet are as follows.. lil Investments are included in the balance sheet at market value lill Cash investments are included at cost plus accrued interest liiil Trade and other debtors and creditors are recognised at their settlement value. 1.16 Financial Instruments At year end, the Charity holds the following as part of its investment portfolio- £-49k131.03.24: £1.116kl in foreign exchange forward contracts. and £1.211k131.03.24: £1,323kl in hedge funds. For the basis of valuation and any assumptions made, See note 1.7 for fixed asset investments, note 1.3 lexpenditurel for treditors, and note 1.2 lincomel for debtors. The rest of the charity's financial assets and financial liabilities of a kind that qualify as basic 30

DXFDRD HOSPITALS CHARITY REPORT AND ACCOVNTS12024-25 Financial Statements 2024125 Notes to the financial statements 2 Trading Subsidiary results The charity has a vkndly cthned IradiThJ Subs￿18ry. OHC De￿￿nents Limited IODLI. ccNnpany number 11904217. wth paid-up sh¥e witl of£1. ODL was i1￿1yprted on 25 March 2019 and is Incowated in the UK. The Company seNe$ 4$ a ￿￿Cle lor n¢ythrilat4e track'ng actiiity. A 5urnrnary of Ils trading ￿SuItS and net assets is shcNm bdow. These results a￿ Included In Ihe grwp cw5d1dats￿. Profit and Lo88 account 31.3.25 31.3.24 £'ooD Tumo Cost ¢1 Sales Gross profiVllol Administrali￿ expenses Operatlng profltlllos81 Interest payable Proflt I Ilossl on ordnary act1vl￿•S b•lor• tsx 32 43 61 70 'minulion in Kelue of in%eslment properties Taxation Profil I Iloa&l lor th fian¢l¥l pertod 10 43 Opening retained èaming8 Proffit Gift Aided 1¢ Oxlord Ho$￿1&5 Charity Closing retained oarnings 99 873 694 99 Balanca Shèet 31.3.25 31.3.24 £'ooo Fixed Assets Oeblors Cash Creéilors Net A￿ts1 Iliabilitiesl 2.345 2.345 2.340 4,656 4.586 Totsl Fund￿ Ideficitl 31

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 3 Income from Donations 5.1 Glfts ITr kln The ¢h3nly Is exitw grfeu io 11 drffja¢e ba05DryJ gifts h05pilal 51aff. patients an¢ knilies. Weh•e ¢rfy wt>wiseO ltre dilErns Ihe qu￿￿ty pice eoulo be 8Slimaied FOT 2024-25 we ha¥e ￿ ￿0￿￿￿ed gft$ In ki￿ 1202>14 £nilk 3.2 1￿come trom grnntirnc•ivabl• DeS¢noti￿ of Ihe sourtes 018rry J1.3.2S Toi•l lundl £'ooo 31.324 Total fvnds £wo Lh¥utnu&t Ruinci•d d$ ChBniabte Trusti l CWI Compan￿$ The Nufflda Oxftyd FLn 1.025 1.216 2.73D 95 79 2.B1 4 Income from Charltable Actlvitles 31.3.25 Toial lund¥ I'ooo 31 J24 UThr•St[￿t+d RsiTreitd fun £oTr) fundg £000 £000 com? from Cours•5 Incore fvorn Res•irch eome from Cfv•niable IiiLkng 68 6B 32

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 5 Income from other trading activities 31.J.26 Total fvhd$ £'ooo 31.3.24 Total nds Unrestricted fijnds Restncted funds £'ooo Sale of fundraising merchandise 6 Costs of Raising Funds 31.3.25 Tot•1 funds rooo 31.3.24 Total nds £Doo Unrestn¢ied fiJnd8 Restride nd5 FundTaising staff costs Fundraising ekents direct ¢osts Other ftJndrai5ing c05t5 422 422 543 90 107 149 625 825 740 33

2024-20251 OXFORD PIOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 7 Analysis of charitsble expenditure 7.1 Charllable Expendllure 31.3.25 Totsl funds 31.3.24 Total Jnd8 UrwEslrKt•d Re&lricled Medical Equipment Paiienls welfèie and aftrfie8 staff v¢lfare and ameniiies Research Educalicn 905 1.468 457 768 337 219 551 1,725 498 753 1.201 345 2.019 523 1,008 341 238 3.935 1.078 4.525 Allnbulatde Gwt Funded Acl1¥1￿ tjrect SuFpM and Tr￿￿ 31.03.25 rt8kM GrKmance Costs Funds £Yoo 31,324 Medical EquIpm￿l P8tienis weK8re and aMer￿lI•S staff Kllarn and amenllies Reseaich E￿¢&lion 78 31 179 229 55 3Q5 1,725 498 753 1,204 345 2.018 522 1.007 151 678 51 274 5.012 4,525 Expenditure pror pe￿ mdude5 £3 2m 131.03.Z4 £3.Cknl c4ctymmilmw¢l8 hJ be￿ 8ccn •s gran15 al ￿lod end. Further inknn•tKffi abrwl exFWKItWB vthlen ty Ihe Cwty w be bund In Ihe Achie￿mentS and Perknn•nce 5eclH)n rlllus repx. 7.2 Grants Grdnl fijnded a4tW 1$ Mroed dirEcIty try Ihe tWStees olthe Ch. ty • Ctynmittee eSt?￿lShe0 by the InJ51ees, or by ￿n￿mSOr5 Iwho are gererty 51aff rnember5 oloxtrd UrAv5ity Hosplals NHS Foundation Tru511 acting under delegated aulhrthly on behallollhe Iru$lee$. All other grant& ID 202<25 and 202￿4 made to lher OxJrd Unir5ity Hospitals Fwlati Tru81 or the Unryetsily ofoxtsa in ￿￿h￿arte olthe DbJEc15 oflhe charity. Some oranis a￿ in oaciice paid thrt¢ity 10 the supk4ier. Aciiullies Ur￿ertaken di￿llY in¢lvde exinthlute incuft&l ￿ fiJnO athislxs. M also TrlLK1es payments 10 metnbÈNs of staff. ha irtuned c051s w5(￿1￿ Its Ita*f costs to 3 cttanly . fvnded Irwning ¢fAtt5el. All 5wh p8ymwis m￿1 cc4nth ¥%ilh rhe (￿anty'S ryOCedu￿ %Y Inclu¢e avlhonsalion triy the fdwnl fvnd ad¥i$er and ￿0¥S1￿ of8wwi8ie drKUmWi￿ e¥derte of payment (tr examrA¢. re￿p1S 34

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 8 Analysls of Governance & Support Costs Th8Janiy Inlrly r￿15 dils Sw rt¢lp8 2 ￿ algr￿ C4sls Gu¥ern4nGe & 8uppcrtCo• Jl.Jl$ Ttslal 51.J24 T¢iii Tc4al * 5uppDrt Su ¢•k t¥ roco Js 459 2$ 447 lty Totw 878 422 rsupm Gc•lJ 49 1.J11 35

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements staff Costs The key Management ola chanty aretfnse aLl￿Alty ￿5[￿SI￿lty trrknriry. diiecliw the ar%iuiie5 of the eniity. The key mznagernenl y5aDnd ollhE paTenl chwty wp crynwselhE Tw51e45 ar￿ IhE Owef Executi AII IIusiee8 41 ofth•i rteety. r4) •nWtye8 pa￿ (1￿)<2￿4￿?4. Wl. Detail$ ofTnJsle2 exFenseG •Te di%c105ed In nole 1.12. Th• lot81 wrloy¢• tnelts nw•pnent IrtWr4 ￿1$ ts 20￿2$ £132.D11 1202&24 £125.7211. Sone$ 8 nc4 I￿9 k¥ym•s tr¢ffttrf YW IX24 £24.th81 J1.J.25 e'ooo 31.3.24 rorpj 54laies & wes SoGiJl secwty cagl• Pension ¢osis other emtyw¢e ben¢lts 1.076 105 78 1 21e 1.28) 31.X2S 31.3.24 £g0.OOQ- £100 W) £60.000- £70.ofpJ He•dcwnt J1.3. 31.124 FinwK• Fwdroisirfj •nd mitholir P￿￿￿e Igr8ni makir4 & 15.5 27.0 36

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements Detalls of material transfers between funds From P8Rnt5'F¥rilit￿¥- thns Wwd 10 Analysis of Flxed Asset Investments 10.1 M4rk•tV4lu• 4¢ JI GIoL¥ Tot41 Jl.3.25 T¢i UK IrM•IMWI Llsl•d SSJT j.ouo 2too 1&654 rrdal Irmilmirrt L1#tid Irr4Jilffj•MI &S37 J,•S4 ?.soo 407Z 12452 37

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements Flxeo a4eT ¢n¥e•Tmefii• Groug )i.J.Is I,J45 1.JlS •h Short.'4r DepoM5 rou¢ & ChAry LUt¢4 In'.tstnnti 31.5.26 fcoo 998 2.:¢0 12.452 00 269 13.209 cost ￿ ?t l.larch ic2 11,064 Jl.&26 R•*in¥• Tclil roJo Accru¢1 t11 211 225 38

OXFORD H05PITAL5 CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 105 ln￿1￿￿¢ntb￿ I OHC woe è¢iW LLP&£1 r¥))C•))Inthpyw202ts21 £CVD £WD Tc< AIIAWI A&IIoM In y•w* ¢o•i 1.ND Al 31 Pjwc £WD £wo CLYr•nl •Si•• M7 IJ Bjs 39

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 11 Tanglble Flxed Assets Qroup 8 Chjrity Hc•vt Hkth To Cost or voluotlon Al l A￿4 2024 Athill￿$ In yur at c￿ 18 25 AI 31 40 18 Dopre¢l•iion Al l A￿4 2024 Ctrorge tr ye8rm 8ssaJ 15 33 13 24 At 31 Mch 3)25 31 57 N•t book v•lu• At 31 MarGh 2025 16 39 At 31 Marh 2024 18 38 12 Debtors Amounm tslllng du• ¥vilhln on• y•8r Group Chanty Totsi 31.125 £000 I3￿P To 31.3Z4 cooo Cttaniy 31.J.25 £000 31 3.24 £aao Trade debto Int¢r¢¢mp8ny ltyn8 Other debtors Prepayments Accrued IncaThe ijn 12 2.354 47 30 4$ 3D 3$ 1299 4048 S827 ¢1￿je￿ In (>oup t￿￿& ¢J8t4L4S is an ot£i.116.eth) Q024 £1 116 ILhJl ¢JJe In mrKe than cro ye 40

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 13 Credltors Atnounts lalllng due vrithin one ye•r Gtoup TOMI 31.3.25 fooo Chthfi Total 31.3.25 Group Tol31 31 324 ¢000 Ch•DIy 31 324 ooo Trad• Creditors 281 3.169 281 3.169 43 J3 ?56 2967 96 30 titi6 29G7 71 30 Accrua15 TaKalioo and social securrt5' Other crgdilors ank ¢b•rdi¥ft JJ J46 3.516 3.5J5 4 102 41

2024-20251 OXFORD HOSPITAIS CHARITY REPOAT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 14 Analysls of Funds Rtstricted Fund• Maierial lJn¢• JI MJT 2025 eoff¢ <000 £cco 0.90 JR rteioa: OIY CDJrcI4 KQV•V Vn¢ 19JCI .ema'.ck9) LeGac% 0.4. OIFOR-. TrknllSPL': ?.5S7 J.016 14Q 650 36? 298 240 20T 187 io? 91 CEifRE EEVELOW.IEif 14UI 362 944 J34 t:¢tt COliC.l?-rbst Su¢¢ert 163 130 97 J 97¢0 IIOC knrtnr¢o v4$a¢y 120 1.249 JTJ 6.704 Totsi 6.53? 1.078 AesiTlCted F¥nd• pnor year M•itr141 fund• Varce B4i•n¢• 4¢4 -X(er￿￿￿re ".afislery £ccE 2024 <¢¢¢ Éc¢¢ 2.SST Rerai gc J61 J61 3J4 263 2S7 ar.cer Qesearch F d¢#rt Ctnire C3rr,Fo$n.O¥fcr: yeartlen 4FFtal 62 237 I.OC Mnnrtis reaimtcrtn gè¢> 97 I?èx￿I ReeacD Lesac> 61 24 Jps 3.998 323 6.53 42

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS I 2024-25

Financial Statements 2024/25

Notes to the financial statements

14 Restricted Funds (continued)

The material funds listed abo1.e will vary from year to year as only the most material funds in the current period are disclosed. Therefore a fund may not be shown ind1�dually each year.

Details of material restricted funds

Name of fund

• A JR Helipad

• B Renal units

• C Legacies - Restricted

• D Oxford Transplant Centre Oe.-elopment

• E Cancer Research

• F Heart Centre/ Heartfelt Appeal

• G Co�d-19 Trust Support Fund

• H Future Fertility Trust Fund

• I NOC Arthritis Fund (Balmforth legacy) Horton Brodey Centre Mr Khan's legacy

• K Alzheimers Research

• M OHSRC Research

• N Cancer Research (Hawes Legacy)

• 0 Rivemiead Neurological Rehabilitation

Description of the nature and purpose of each fund

Grant towards cost of proposed helipad at John Radcliffe Hospital For the benefit of Renal units in Oxford Temporary holding fund for bequests while expenditure plans are finalised To benefit the Oxford Transplant Centre For the benefit of cancer research

For the benefit of patient and staff of the Oxford Heart Centre For the benefit of patients and staff, in response to the COVI0-19 pandemic To preserve the fertility of young cancer patients For the benefit of arthritis research and treatmen!, set up on receipt of a legacy To enhance the care of patients and carers using The Brodey Centre (Horton Hospital) For the benefit of improving a range of k1ney ser . . kes, set up on receipt of a legacy For the benefit of Alzheimers research, set up on receipt of a legacy Research for the benefit of NHS in Oxfordshire For the benefit of Cancer research, set up on receipt of a legacy To support the Neurological Rehabilitation Services

43

2024-2025 I OXFORD HOSPITALS CHARifY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 14.2 re•trKted Dtty2nated Mai•riai fufflds 8alance 31 Mar 2Q2S CQn7 Exreryattsrè t¢¢¢ o¢0 013 sie 963 pRos-_7 r￿lIcEE R=¢=LR"H 4ND DEVLOHJEir lyG. OMC ￿1. J81 616 3ei 352 119 UP Mt. ,CEI REtt￿R¢￿ l-EVELopf.IElff Q-CFKf ClknAf&BLE FVII 201 248 238 C2=. 0005 265 t￿lIbAM i.i¢flt•9¥¢ Ll•ff4141 Funo 1S9 145 13$ 126 12$ 14) 7E O C2é1 O.xiOL TrAiiSPLknir ctkirn 129 TotAI 10.629 ).26t Unretri¢t•d Do•han•¢¢¢ FuThd• pri•ry•4r Al•t¢n•l fumd• 31 Mar 2024 eofm £ccc £DOO 4lJ JJ) J54 399 56$ )yr-e, ei¢ff4ni• Lt: Oc"em ￿lateleS cMarKat F￿￿0 Ji? 394 265 ?60 194 197 1$7 ios 192 The str￿￿￿Tal CarO¥tgy 140 Ite.￿15 Orcc¢G> ￿Oncer R¢se¥cn 143 6.799 Totii 3.164 49 10 629 44

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 1￿2 Unre#rfcted Fund$l¢onnu¥dl The rnaten knnds11sied abtye VAII wy Y￿10Y￿ a5 th the rn051 In ihe cuffent ye•rare ths¢108•J. Tlw2 è may llDt te 5hcphn exh D•talls of materfal unrnr6¢fd de¥gna¢d fund Name of D•xription ollh• nature •nd purpw ole•ch fvnd To thioren $ 3eN¢e5 thTwghoLrt Oxtyd ikniiWSIty NHS Trusi Ternpcryy trequests eX￿rtUre re hn¥ised To sur￿ fesewch irito (Yostate ¢• ¢tyYyry Iw to CWC Ltd To 51wrKAI the th•Icw￿l d Head Neck ￿¢￿tr)Y Seroce# To SPEalc diabEle5 & rn21abclic ￿5￿Ch yr4KI$ To JLVPM siaff elthre tesewch in Hoemotdu To8Uk¥AX 818ff & edLUtIC47 In Haematclagy TOsW￿ pat￿￿ siaff I￿￿re for Vrf¥d chi￿rIn¥ Furnj Ftr CFdlth B L•o•tyes. r)eargnJtsd Proyie Car￿tt Res¢¥ch ATh1 D OHC Dtherownenls Lltt. L￿Tr Helldj up Ocdem Dwtete• Ch￿l•ble Fyn HaernaiDIow H•em8ioltyy wa￿ wa￿ sei Renal me01c￿ WArd Stw¢tud FLn K W4liam Mont8gue knls Fw Concel Care Ir•nFIg SiTurlth Cwdic4c Ir Emwyenry Uewtrrw4 J CT sca To staff 4if4r¢. r•swch ￿ •kn8Tron In C8ncw Toswm ￿lar￿. lé5￿ch eduGallW in Adun Cnlical CBie To resfr•F¢h a￿1 educts1t￿ in kidnay &￿&1$ and kidnry •Jnclian Tosurwi ￿Se•￿h Témpyary •JTr¥ kn tewesis hle expethlvre r18n8 •re finollsed To jurpyi ¥1 ch￿•t4 rdaim9 to the Eye 70 staf ￿ p•tieni$ •t th• W(vNns C•)tra M•0 lo ewiFThenl tr M3ieffliiy Unn sbpp To su¢¢tii siaWare & e￿￿￿tIC To PalieN ind trth• To ￿t￿ch Inlo 17ieryenlvx￿1 Cardirlogv To tw•M swdihe CVh4nYJo oewm M Adutt Cam. GEnw Fml N Gaslroenlwdow W¥d P Leycies- Ur￿l￿¢t￿y Q Oxforf Ey• Hoipt R Sil￿r Sl S Cc4oFecld Surp2ry T G4sirc¢ffl¢Fdogy W¥d U Iniewnitrwl Cwdl￿lyy V Alderrnan Uiqmy 45

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 143 Unreaficted Genernl Fun Balance 31 Mar )015 eooo G¥n5 IL058BS} EOOO Jth R4dclfft Fwrtl4 ChwclMII Hospi&il Ger¥ Orthoyedi¢ Certpè FL¥¥ lonon Goneral Funts Ltyxy Gvn•ral Fu Chiy GEnwèl Fl￿￿ts 60 141 26 242 J01 11541 30 1B8 2.926 679 $$ 1.wo 1261 262 Totsi 2.425 596 262 4.703 LthMd¢thd Gen•rnl Fuod* pblory••r Balanco 31 M•r 2024 £wo £000 EO Jobn Ftsa¢lile Genwa Fur Churchill Hospiai Genrt Funds 11051 (421 12a71 Hort￿ Gw¥al Ftyrds CM Le4acy Genwd Fur Chwiy Gtn¥•l Fwio$ 2J2 (94 242 2,OOD 2.000 2.952 9S7 18$ 15 Contlngent assets and Ilabllltl88 TheTe a￿1¥? c¥ bzb•fKJ in ihe cwrwd p￿. 46

OXFORD HOSPITALS CHARITY REPORT AND ACCOiJNTS12024-25 Financial Statements 2024125 Notes to the financial statements 16 Commitments 31.3.25 Tot81 me'. Less than l year 1.5 yaa S8,272 $4.970 S4 970 17 Income from legacles Legacy in¢m is Eounled ly r•c•pt orvthve IÈ Ibe arnount cin be •511matad Sufflcieni cuixy. As ai Ire 31 Ma¢h 2025 Ihe cwty W 10 IJ1.Q3 24 32) wwing re&i¢u 9acies. 4 allhese ¥•lif• Intwesl ￿￿￿1￿3131.03 24 $1. ￿l¢l￿e tethi Ir￿1￿1 In ￿ SLgIW•ht of FInancI￿ A¢iiwlies b8cwse tho CO￿lI1r￿s y&v•i 18 Loans or guarantees ThE CbMty hBs LYgw4r4eM Ill •SSqts CL￿rA c¢ OOL half f•rihty in FIX¢ Ih• yeai. imDI Dec6nt4r2024. Ths seCu￿j ty a dthmuTe In f8%vJi ￿8￿18¥￿ tonk. Tr ￿t￿rESt rJle cwedwu 3 4% 8t#y b811 Qte. 19 Connected Oryanisations The Ch￿1¥ ctrrnclqd L¥ywi¥w fv th￿Il￿e Trx•J 1.12. 20 Nots8 to the cash flow ststement RIC￿¢￿1•￿0) olnèt IncL¥IW{exFthur•l lo n¢1 Jl.3.25 Éooo. £wo Net I￿per￿￿tl￿e)1lr￿￿ rwthr4 SOFAY. IG¥inllLoss sale of In¥251merrt fixed a58¢1s knsimerf Ihcome Unc￿se)1 dÈ¢re8se in fftSlrnwis Dewecialian OTr¢re8881I decrease￿ <elJtrrt kncreasel Idecre8sel in ¢othtLY6 2.539 11471 (3891 18 814 976 (67ZI Nvt ¢•th pvoyided by lud operdllng itll¥lU•& 91 2830 47

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOU NTS Financial Statements 2024125 Notes to the financial statements 21 Analysis of changes in net debt Cuh Balance JI M•r 202S £000 2024 6,OB9 (85 5.232 8.089 5.132 22 Post balance sheet events h8¥ I￿1￿XId t• d8uiW •s In It Slatemenl Fin0W81 Aciiilti•s. 23 Members Ilablllty ¢h•nt•W• ¢tynF•ry Is thtrdt•4 ty 4￿￿••. h•ar4• 1fv￿ ¢W. ¢th71ty4U¥rtty thelit41rty d mernb&7 15 Iimiled. ￿￿e£l lo an wdertaking by eKh mwnbw to c(nlnbJl? to all￿ ctsNp8ny ¢JIWnding UP 8Lth ¥m4unlS as rnlghl bè tewiied rti •K¢eedh1g £1. 48

OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS12024-25 Financial Statements 2024125 Notes to the financial statements 24 Analysis of net assets Group 3t.3.25 Total fvnd5 rooo UnrEslricled no8 Reslricled nds £Doo Fixed A55ets Iniestrnent5 Nel current assets Non current liabilities 39 15,554 12991 39 15.554 8.406 6,705 Total net a*tat• 15.294 6,705 31.3.24 Totol fijnds £'ooo Ur¥Bstncled ds Restncted nd5 eo Fixed A5set5 Inw5tments Nel cuirenl assels Non current liablil 14.797 14971 14.797 6.035 6,532 Total net 8soel• 14.338 8.532 20 870 Ch•rlty 31.3.Z5 Totsl funds £'ooo Unre$lri¢led fvnLIs R•stncted fvnds £'ooo Fixed Asse18 Inleslmenis Net cufftnl a55et5 Non current lia￿lItieS 39 13.209 1.991 39 13,209 8.696 6.705 Totsl net 8swl• 15.239 6,705 31.3.24 Total nds £￿00 Urwe5tricted fijnds Restricled fvnd5 £'OOD Fixed Assets In%slrnenls Net current a55ets Non current liabilities 12,452 1.751 12,452 8,283 6.532 Total net awts 14.241 6.532 49

2024-20251 OXFORD HOSPITALS CHARITY REPORT AND ACCOUNTS Financial Statements 2024125 Notes to the financial statements 25 Prlor Year comparatives Atsrth1¢14 Jl ￿?4 TcLIl 31 MwW23 To15 ￿0? IncDm• Frcm.. 1.7Dd LJ o.o•? SI7 12 z.ml 701•l Incornq L¥p•nthluii ￿.. Rliliry Fun Cornffl Iradrng Subt¢l•l.. ¢i¢• 117241 si•ff ￿[￿rI R••fr•f¢h 1 ejg N•1 IncDm•l(iAP•nalut•l bvf¢Tr Ow•)&tr￿W• N•t Incom• J lixpeDdlNrel Dnd **A•fwlh• 16>9 ￿411 Pund oawces 4t T &Erd 3998 50

OXFORD HOSPITAL5 CHARITY REPORT AND ACCOUNTS12024-25 51