Making a difference, together Annual Report 2010 / 2011 Chairman's Statement Peter Bagnall Chairman of the Section 11 Trustees of Oxford Radcliffe Hospitals Charitable Funds Welcome to our Annual Report for 2010/11. We are delighted that for the third year running we have seen income remain strong, at around £7 million, which, with the continued worldwide financial strains, is a real testimony to the generosity and hard work of all our supporters. It is particularly notable that in this year we spent £7.6 million providing even more funds for the very latest medical equipment, ground-breaking research and improved facilities for patients across our hospitals. This was an increase of £1.2 million on last year. I hope this annual report will show you the very many ways in which you have helped our hospitals. Most of the year’s income came through donations from businesses and individuals (£2.44 million) and grants from other trusts and charities (£2.6 million). Legacies continue to be a hugely significant area for us and the charity strives to inform people about their importance. Although this year the income from legacies fell to £0.8 million this was still a major contribution towards our overall income. A highlight of the year was the expansion of the Brodey Centre, at the Horton General Hospital in Banbury. Thanks to over half a million pounds’ worth of fundraising the centre has now doubled its size, allowing many hundreds of cancer patients to be treated much closer to home. Patients and staff are delighted with the new facilities. Page 1 Annual Report 2010/11 Another exciting prospect was nearing the £1 million mark with our Heart Centre Campaign, which has funded additional medical equipment including the high-tech audio visual systems that link the Catheter Labs to the teaching suite. Fundraising for the Children’s Hospital and children’s services across the Trust continues to be very well supported, with events such as the Oxford Mail OX5RUN, and the Dorchester Abbey Christmas Concert attracting thousands of supporters and between them raising £170,000. In difficult financial times it is clear that people still want to support their local hospital charity and we are so grateful to all those who continue to make donations, organise their own fundraising activities, take part in our events and raise money, allowing us to make a very real difference to our patients. Next year promises to be an interesting one at the ORH NHS Trust, with changes including our merger with the Nuffield Orthopaedic Centre (NOC) and our collaboration with the University of Oxford which will see the merged hospitals change their name to the Oxford University Hospitals NHS Trust. At the charity, too, there is change afoot, as after eight years as the Chair of Section 11 Trustees – which ensures the money the charity receives is transparently looked after and wisely spent – I am handing over the baton to long-serving committee member, James Nicholson. James has been a trustee since 2005, and with his expertise in financial investment is the ideal person for this role. Also retiring is Richard Sonley who has been the Head of Charitable Funds for five years and worked in senior roles at the hospital for 32 years before that. All the Section 11 Trustees and fellow colleagues would like to thank him for many years of hard work for the charity. Mission Statement I have enjoyed my time with the charity and it has been an honour to see how – working together – we are able to achieve so much. I wish James, the trustees, Charitable Funds staff and all supporters a very positive future. Yours Peter Bagnall – Chairman of the Section 11 Trustees of Oxford Radcliffe Hospitals Charitable Funds Oxford Radcliffe Hospitals (ORH) Charitable Funds and Other Related Charities (reg charity 1057295) exists to support the work of the Oxford Radcliffe Hospitals NHS Trust in providing the best possible healthcare for its catchment area of around 2 million people from across the region and beyond, raising standards above the level that NHS funding alone allows. ORH Charitable Funds helps to enhance the hospital environment, purchase equipment that will make a real difference for patients and contribute to research, staff development and training. The hospitals that we support are: ■ John Radcliffe Hospital, Oxford, which includes the Oxford Children’s Hospital and the Oxford Heart Centre. ■ Churchill Hospital, Oxford, including the Oxford Cancer and Haematology Centre. ■ Horton General Hospital, Banbury, including the Brodey Cancer Centre. The importance of public benefit to all is always paramount in what we do. Annual Report 2010/11 Page 2 Activities and achievements REVIEW OF 2010/11 – the purpose of the Charity is to support and benefit the ORH NHS Trust in the most effective ways it can for the public benefit. We are guided in our work by the strategic objectives of the Trust and the priorities it sets for the year. During 2010/11 we continued to fundraise for causes across all our hospitals. The Brodey Centre Appeal came to a very successful conclusion, we focussed on moving the Heart Centre Campaign forward and building the Hospital Innovation and Enhancement Fund (HIEF). The Brodey Centre Appeal – bringing cancer care closer to home The Brodey Cancer Centre at the Horton General Hospital has earned an important place in the hearts of the people of Banbury and the surrounding area. The centre opened in 1998, following a major public appeal in memory of Ian Brodey. Thanks to the generosity of the community the new facility was able to provide care closer to home for oncology and haematology patients from Banbury and its environs. Initially, the unit was open part time and – with four treatment spaces – was able to care for a maximum of 15 patients a week, offering chemotherapy and blood transfusions. Yolanda Jacob, Fundraising Project Manager at the Horton, who led the Appeal, explains: “The passion, imagination and sheer hard work that staff, local people, businesses and organisations showed in raising this money is simply breath-taking. In just two years we have managed to raise over £500,000 allowing us to double the available space and create an environment that is attractive and welcoming and gives patients dignity and privacy. There are too many generous donations to mention them all, but our thanks go out to everyone who worked so hard to make this a reality.” A decade on it was clear that the unit had outgrown its space and patient demand for the centre was increasing. Also with the welcome addition of a palliative care team from Katharine House Hospice as well as regular visits from Maggie’s Centre staff, together with more ORH clinical staff, it was clear that the centre was in desperate need of expanding and refurbishing. But before any work could begin, there was the mammoth task of raising the funds needed to make these dreams a reality. An appeal was launched in 2008 and staff from across the hospital began to engage the local community in this important project. Page 3 Annual Report 2010/11 Instea d of bi rthday Ayers presen donat ts, Mi ed £6 chael 10 to t he app eal. Building work started in August 2010, with doors opening just a few months later in December, to the delight of both patients and staff. Jane Skelly, Brodey Centre Manager, explains: “The new centre is simply beautiful. There are now eight treatment spaces for patients, as well as a large bright work space for the nursing staff, a mezzanine level and a larger, better equipped, waiting area.” “So many more patients can now be treated near to their home – avoiding the 50 mile round trip to Oxford – which nobody wants when you are dealing with the regular upheaval that cancer treatment involves. Now upwards of 70 patients a week are passing through our doors and the team of nurses has grown apace – with everyone loving their new home.” Mike Fleming, Director of the Horton General Hospital, said: “We are so grateful for the support from many different individuals and groups in our local community. It is no exaggeration to say that without them we would not have our beautiful new centre which will be of so much benefit to local people.” The Heart Centre Campaign How the latest audiovisual technology transforms cardiac care Video cameras and cabling probably don’t spring to mind as the most important tools in a hospital, but in the high-tech world of cardiac care, high definition moving images are now the latest weapon in the fight against heart disease. We are fortunate that the Oxford Heart Centre is already a centre of excellence for treating people with heart disease, supported by an internationally renowned academic department of cardiovascular medicine. But medical technology never stands still, and the need for the very best audiovisual images of patients being treated in the Catheter Suites was identified as a fundraising priority by our cardiac colleagues. In addition to providing more detailed images for the multi-disciplinary teams that collaborate to develop effective care strategies for each patient, these images are critical for effective training, research and outreach work to patient support groups. tre d Heart Cen The Oxfor Professor Adrian B anning and the Heart Centre st aff We are delighted to be able to announce that at the end of the financial year the Oxford Heart Centre Campaign raised £950,000 (including pledges) and has been able to fund this audiovisual facility. Medical teams both in Oxford and around the world are now able to watch – in minute detail – the intricacies within the heart as a procedure takes place and communicate live with the lab. Divisional Director of the Cardiac team, Professor Adrian Banning, explains: “This new facility transforms the way we are able to discuss the best treatment for our patients. It also allows us to collaborate with clinicians locally and others around the world, sharing and acquiring the latest knowledge about heart treatments. We are incredibly grateful to every single person who has helped to raise the money to make this possible.” Annual Report 2010/11 Page 4 Staff showed how important these fundraising efforts were to them by taking on some extraordinary challenges. Dr Tim Betts ran seven marathons in seven days, across the hills of the Wainwright route. His amazing efforts brought plenty of media attention to the campaign as well as raising nearly £8,000 of sponsorship. There were also many staff who took part in the Heart Centre abseil in May 2010, helping to raise over £20,000 for the campaign. Marathon m an Dr Tim Betts raised almost £8,00 0 for the Hea rt Centre In the Autumn our annual It’s Not Just a Walk in the Park saw cancer and heart supporters walking three miles around Oxford University Parks – adding nearly £10,000 to heart fundraising. A further £20,000 came through donations at the Heart Centre Open Day in November, where our leading clinicians shared their knowledge through a series of fascinating talks. Perhaps one of the most uplifting fundraising stories of the year was that of Roddy Hamilton who completed the Great South Run in October. Just a year before he had been diagnosed with severe and widespread heart disease and was given lifesaving surgery. He wanted to thank the Heart Centre and Horton Cardiac Rehab team by competing in the ten mile road race and managed to smash all expectations by completing it in one hour 42 minutes and raising £2,000. He said: “For me that was one of those special moments in life – all the health problems that I had to face up to exactly a year ago, all the worry, the training and the energy required to complete the race and I’d managed it in well under two hours! I was thrilled.” Legacies also helped to make a very positive contribution towards the year’s fundraising with a generous donation of over £17,500. Significant donations from two private individuals in the community also added greatly to the campaign. Page 5 Annual Report 2010/11 ed Trust join across the Staff from tre fundraising Heart Cen Roddy Hamilt on’s 10-mile road race raised £2,000 iologist Consultant card on Dr Saul Myers The Hospital Innovation and Enhancement Fund Some areas of the hospital attract more support than others – often equally important they simply may not have the public profile that encourages major donations. The Hospital Innovation and Enhancement Fund (HIEF) was created to encourage a more diverse range of support across the ORH Trust. As its title suggests, this grant-making fund is also specifically designed to encourage innovative and pioneering projects that benefit patient care and improve the hospital environment. Any staff from across the Trust can apply to this fund. Through a vigorous submission process, applicants have to demonstrate their project will bring real benefit and cannot be funded through other means. During 2010/11 over £400,000 was awarded to the following projects: ■£100,000 to develop an Endobronchial Ultrasound Service (EBUS) at the Churchill Hospital. This is a minimally invasive procedure, effective in directing the treatment of lung cancer, infections and other diseases causing enlarged lymph nodes in the chest. ■ £70,000 contribution towards a translucent operating table for John Radcliffe operating theatres. This is a very specialist operating table with incredibly high level functionality which supports innovative operations performed on both children and adults. ■ £10,000 to support a neuropsychology research programme at the Russell Cairns Unit, looking at memory training with children. 30-50% of routine paediatric referrals have significant working memory or attention difficulties, and this project will ascertain the success of an innovative computer programme to help children with this problem. ■ £7,200 for the Oxford Kidney Unit to replace four haemodialysis chairs. These specialist electronic chairs are used by patients who attend dialysis three times a week for four hours per session. ■ £20,000 to replace gym equipment for cardiac rehabilitation patients at the Horton General Hospital. ■ £22,289 to the John Radcliffe Nuclear Medicine Department to extend the treatments available for patients with neuroendocrine tumours – a rare, slow growing cancer that often starts in the bowel. This Trust is a centre of excellence for the treatment of the condition and this funding will cover the purchase and installation of equipment to allow octreotide therapy to take place here, rather than patients having to travel to London. ■ £20,000 for improvements to the Cardiac Outpatients area at the John Radcliffe – making the environment more comfortable for patients. ■ £6,000 to develop the Mindfulness Cognitive Therapy Project at the John Radcliffe Women’s Centre. This innovative project addresses (and analyses) ways of managing pain, reducing stress and anxiety to reduce the risk of depression. Annual Report 2010/11 Page 6 ■ £39,250 for the John Radcliffe Radiology Department to help introduce Cardiac Computed Tomography (Cardiac CT). Cardiac CT is a painless and cost effective test that uses an x-ray machine to take clear, detailed pictures of the heart, to exclude significant coronary artery disease. ■ £31,243 to purchase specialist pressure relieving aids across all our hospitals to help prevent elderly patients developing pressure sores. ■ £9,400 for the provision of medical photographic services at the Churchill Dermatology Department avoiding additional referrals to the JR. This essential service, used for the diagnosis of conditions including melanoma, will avoid patients having to have additional appointments across different sites. The HIEF committee includes trustees, patients, charity supporters and staff. It sits quarterly to consider bids, chaired by Caroline Langridge, before recommending them to the Section 11 Trustees. Caroline Langridge said: “I am delighted at the creativity we have unleashed in the Trust with so many innovative projects now being supported by the Hospital Innovation and Enhancement Fund. From helping children with memory problems to expanding the treatments available for cancer and heart patients, HIEF is making a dramatic impact across all of the hospitals within the Trust. Many of these projects have a research element and we look forward to seeing how the results from these will help patients and shape medical practice in years to come.” ■ £62,000 to provide a Thulium Laser for head and neck cancer patients. This is an alternative to extensive surgery for patients with cancer of the throat and tongue. Patients benefit from this non-invasive procedure and have a reduced stay in hospital. HIEF encourag es diverse supp ort across the Trus t ents in aedic pati for orthop t en F m IE ip H y Gym equ funded b Banbury Page 7 Annual Report 2010/11 Fundraising news Fundraising report: Life-changing: two little words, with one huge meaning. With a charity such as ours it’s an expression we hear a lot: whether from a grateful patient after surgery; a research scientist on the brink of a breakthrough; or a new piece of medical equipment that revolutionises treatment. It’s easy in an annual report to get lost in all the detail – lists of equipment, complicated medical terminology and financial figures – but the really important thing is that – with your help – we really can change the lives of our patients, young and old. A great example of this happened when 850 people came together in April 2010 to take part in the Oxford Mail OX5RUN. Collectively they raised £57,000, enough to fund equipment that can transform the future of babies born with a lack of oxygen to the brain, who are therefore at risk of developing the life-long condition cerebral palsy. Research, some conducted here in Oxford, has shown that cooling these babies straight from birth can reduce the severity of the condition and in some cases even prevent it from developing at all. It is estimated that the state-of-the-art equipment that the OX5RUN paid for – a cooling machine and two monitors – will help up to 60 babies here every year. Eleri Adams, Clinical lead for Neonatology, explained: “To be able to buy this equipment is fantastic. For the child and their family this is simply life-changing. “The medical team would like to thank all of last year’s OX5 runners for their generosity and encourage others to take part in future events so that we can continue to make such incredible advances that help our young patients.” This event has proven to be a phenomenal success and, because two of the runs happened to fall in the last financial year, contributed nearly £120,000 to help our young patients. Festive fundraising at Dorchester Abbey Next year will be the tenth anniversary of the OX5RUN and we hope to break all records for both participation and money raised. Our heartfelt thanks go out to the event Raymond B lanc with M ya Harris organisers the Oxford and dad Dal e at OX5RU N Mail and Times; sponsors, Allen Associates; official starters, Jason Donovan and Raymond Blanc; Blenheim Palace and of course all the participants for helping us to make this such a successful event. Another notable piece of fundraising for children was the Dorchester Abbey Christmas Concert. This wonderful event, which sold out in just a few weeks, featured the glorious sounds of Winchester Cathedral Choir and guest readings from Sir Terry Wogan, Patricia Hodge and Hannah Gordon. The committee who organise this event work incredibly hard and the rewards are great as the evening again raised over £60,000. The Carols and Canapés night at Ditchley Park, supporting the Cancer Centre, was also very successful. With Edward Fox and Diana Quick to entertain us, this too was a sell out and raised an impressive £15,000. Fundraising events like this for the Cancer Centre over the past three years have contributed to the raising of over £3 million and have made a huge difference to our patients. The Oxford Cancer Centre has recently received a “gold standard” for the level of its keyhole surgery equipment, putting it in the UK’s top 10% for laproscopic surgery facilities. Much of this high-tech equipment was paid for through your support. Annual Report 2010/11 Page 8 More fundraising came in the form of a black-tie dinner at Christ Church College in Oxford. 200 supporters were regaled with literary tales by one of Oxford’s most famous residents; Morse creator Colin Dexter. A talk by former England rugby player, Will Greenwood, also added to the success of the night, which raised over £30,000 for causes across the ORH Trust. Our abseils continued to be a popular and fun method of raising money for the charity, with a heart abseil raising £20,000 and one for the Children’s Hospital over £27,000. Another annual event is the Heart and Cancer Centre’s fundraiser It’s Not Just a Walk in the Park. This three-mile walk around Oxford University Parks brings together people of all ages and abilities and has a very special atmosphere. Many thanks to everyone who took part or attended all the events across the year and for our generous sponsors, Ed and Anne Bernard. Large donations from grant making organisations and other charities make a huge contribution every year. Organisations such as the Kay Kendall Leukaemia Fund, Rothschild Foundation, the Pharsalia Charitable Trust, the League of Friends, the Northbridge Charitable Trust, Walk the Walk Worldwide and the Anton Day Smile Foundation have helped to make many of our more ambitious projects possible. Individual supporters have also donated life changing sums, supporting causes across the Trust. Particular thanks must also be made to the many staff who have gone out of their way to support our fundraising efforts – from Tim Betts and his seven marathons to the team of plastic surgeons who swam the Channel. Across the year it is fair to say that almost every corner of all our hospitals benefitted from fundraising. Working together, we are able to do so much to help patients here, and keep changing lives for the better. Page 9 Annual Report 2010/11 Thank you for your continued support. h Carol Dexter wit tor Colin ea t team cr n se la or sp M the tran om fr rd fo Brad Andy Pearce with his son Charlie took in ‘It’s Not part Just A Walk In The Park ’ hons ven marat mpleted se co 0 0 ts ,0 et 7 B Dr Tim g over £ ays, raisin in seven d Other projects ORH Charitable Funds manages nearly 600 individual funds which allow people to donate to very specific causes, projects and needs. These vary from ward funds to ground-breaking research funds. The following reports give a small flavour of just a few of the activities supported this year. Fund for Children ildren’s Hospital, riety of projects at the Ch va de wi a t or pp su to es ren are ntinu oss the Trust where child The Fund for Children co acr re he yw an d an ard W n Children’s erapy Department, neonatal areas, the Horto for the Paediatric Physioth ll mi ad tre a g din fun ed Paediatrics includ sory toys for Community treated. This year this has sen al ion dit ad le, tab g spinal operatin a contribution towards a n. ildren’s Ward at the Horto and parent beds for the Ch rted and is ency Department has sta erg Em ’s ren ild Ch in st g a play speciali thout sedation or The pilot project of fundin gh painful procedures wi ou thr ren ild ch ng lpi he available impact oving the entertainment pr already making a positive im o als is cy en erg Em nt to Children’s anaesthetic. A further gra atment. ile they are waiting for tre for children of all ages wh in highly successful concert a d an ns tio na do s rou from several gene The fund has benefitted ail OX5RUN ever. most successful Oxford M Dorchester Abbey and the ows Fund for Children as it all the t or pp su o wh se tho all tients. We are hugely grateful to the lives of our young pa to n tio ibu ntr co ive sit us to make such a po ren’s Development Officer Penny Hambridge, Child Colorectal Surgery Fund We carry out over 1,000 elective operations a year, of these around 325 are for colorectal cancer and 250 for Colitis and Crohns. Around 75% of our patients have these operations by laparoscopy (keyhole surgery). This year we have purchased a CO2 insufflator (which pumps CO2 into a cavity to provide a larger area to examine) for use in our integrated operating theatre at the Churchill. This allows us to simultaneously have a look at the inside of the colon by intra operative colonoscopy, and the outside by laparoscopy. The teaching and training of our surgeons of the future and the development of new ways of assessing lymph glands are enhanced with this new kit. The CO2 is absorbed more quickly than air and means the colon does not get too distended. Many thanks to all those who have supported the Colorectal Surgery Fund. A play specia list in the Child ren’s Emergency De partment is m aking a positive differ ence Prof. Neil Mortenson, Professor of Colorectal Surgery Annual Report 2010/11 Page 10 Horton General Fund The Horton General Charitable Fund, which supports projects across the Horton General Hospital, helps to enhance the hospital environment, fund research and purchase equipment that makes a real difference to patients. It also contributes to staff development and training – going above and beyond that which standard NHS budgets can achieve. The fund illustrates in a very tangible way the gratitude of many patients (and their families) for the care and treatment they have received, from clinical and non-clinical departments within the Horton General Hospital. It is important to note that all money raised and donated to the Horton General Charitable Fund can only be used for the Horton General Hospital in Banbury. An example of an area that has benefited significantly from the Horton General Fund in the past year is the Junior Doctors’ Mess at the Horton General Hospital, which fell into disrepair having not been refurbished for nearly 10 years. The Mess is an area where Junior Doctors go for rest and relaxation when on duty. Thanks to support from the Horton General Fund, it now has a large comfortable lounge area with a small kitchen annexe to enable the doctors to prepare light refreshments and hot/cold drinks and a computer linked to the internet and the Trust’s intranet. We are extremely grateful to everyone in the local community who supports this important fund. Mike Fleming J.P, Director, Horton General Hospital ient Will Craniofacial surgery pat 6,000 £2 sed Burgess’ family rai Cranio Facial Fund Every year children with craniofacial conditions visit the world renowned Craniofacial Unit team at the John Radcliffe Hospital in Oxford. Their lives are transformed by astonishing and innovative surgery, backed by psychological and educational support. The Oxford Craniofacial Unit is one of only four super-regional centres in the UK licensed to carry out a particular type of complex and risky surgery. The team has a worldwide reputation for pioneering surgery, but it’s also a ‘one stop shop’ combining the skills of surgery with psychological and counselling support for these children and their families, genetic counselling and speech and language therapy. This year the work of the unit has been highlighted in a major BBC2 documentary series. Thanks to the many donations we receive to the Craniofacial Fund we have been able to support a significant and high-level research project into the genetic causes of these conditions. We have now been able to secure outside funding to make the research on-going. In addition we are able to support families with accommodation and travel expenses when appropriate need is determined. The Craniofacial Fund gets tremendous support from our patient base and the very many creative and inspiring fundraising methods they employ never ceases to amaze us. Helen Williams, Craniofacial Unit co-ordinator cob da Ja g and Yolan Mike Flemin n to or at the H Page 11 Annual Report 2010/11 SCCWID: Sophie’s Campaign for the Children’s Ward for Interesting things to Do This Fund, set up by former patient Sophie Watson, has continued to enable us to provide exceptional facilities and a lovely environment for teenagers in our hospital. Following more successful runners in the London Marathon and with on-going fundraising this year we have created a relaxing and cheery area on the outside balcony especially designed for the teenage patients. Brightly coloured and comfortable, large hammock seats, outdoor beanbags and colour coordinated footstools mean that patients can spend time outside appreciating some sunshine or escaping from the noise and bustle Patrick Tillard ran Tom Gladdle and hon for SCCWID of the Ward. The area is discreetly screened with palm plants and matching rat the London Ma bunting highlights the area. It has been a huge benefit to be able to offer patients and families or friends this little haven of calm and comfort, close to the Ward for safety but with a feel very different to a Hospital Ward. SCCWID has also provided the patients with portable flat screen TVs on a stand complete with games consoles so that any patient on the Ward has access to their own individual entertainment. The fund enables us to constantly keep our DVDs and game selection age appropriate and up-to-date in the hope of relieving boredom and providing suitable distraction from the less pleasant aspects of being in hospital. Patients’ impression of the Ward is very positive and feedback usually starts with ‘Wow’ and ‘It’s better than a hotel!’ This is a wonderful thing to be able to do and we are hugely grateful to all the hospital supporters. Zoe Pooley, Ward Sister, Melanie's Ward Oxford Eye Hospital Funds Thanks to donations and significant legacies the Oxford Eye Hospital Outpatient Department has benefitted from two new field analysers and four corneal pachymeters to help patients with glaucoma. In addition, a state of the art spectralis OCT imaging system has been purchased for the retinal clinic, for use in patients with age-related macular degeneration and diabetic retinopathy. The latter system provides images of extremely high quality and has revolutionised diagnostic capability and therefore improved our ability to manage these common conditions with far more accuracy and speed than before. An imaging device for use with post-operative glaucoma patients has also been purchased which allows us to accurately document trabeculectomy glaucoma drainage sites. Finally, the waiting area in the Outpatient Department has been enlarged and beautifully decorated with large prints from the Ashmolean Museum, using a professional artist. The department is extremely grateful for the help it has received from the ORH Charitable Funds committee and for the generosity of the benefactors who have allowed these purchases to become a reality. John Salmon, Consultant Ophthalmic Surgeon Annual Report 2010/11 Page 12 The Julian Starmer-Smith Lymphoma Fund This fund was set up by Nigel and Ros Starmer-Smith following the death of their son, Julian, at the age of 19, from T-cell Lymphoma. The object of the fund is to support research into biological and clinical aspects of lymphoma, a diverse group of cancers of the lymphatic system. The fund has supported a post-doctoral fellow who has been leading scientific studies into microRNAs in lymphoma – these small molecules are thought to be important in gene regulation, and a growing body of evidence implicates them in the origins of various cancers. This research was the first to show that specific microRNA signatures are found in different lymphomas. The group continues to be successful in generating a number of publications and has had productive collaborations with other scientific groups both in the UK and overseas. Since mid-2010 the fund has supported a senior research scientist who has been investigating autoantigens in anaplastic large cell lymphoma. These were identified using naturally occurring antibodies from patients to label new tumour-associated proteins and could be new prognostic and diagnostic markers in lymphoma. This research has also investigated the presence of circulating antibodies to the ALK tumour-associated antigen in children with anaplastic large cell lymphoma, and aided collaboration with the international Children’s Oncology Group and the European Inter-Group Committee on non-Hodgkin lymphomas, with the aim of identifying high-risk patients. The fund supports clinical research in the Department of Haematology in the Cancer and Haematology Centre. Early-phase studies have been opened looking at new drugs for the treatment of lymphoma and related disorders. The Starmer-Smith family continues to support this fund through innovative and effective fundraising, including Charles Starmer-Smith and friends’ Etape cycle through the Alps which raised over £72,000. We are incredibly grateful to everyone who helps make this important research possible. Dr Chris Hatton, Director of Clinical Haematology Page 13 Annual Report 2010/11 m Smith and his tea Charles Starmer- Oxford Project to Investigate Memory and Ageing (Optima) We are very grateful for all the donations to our OPTIMA Charitable Fund, many of which are given in memory of people who have participated in our research. We are a longitudinal research study – which means we research the same subjects over a long period of time – interested in how memory changes with age. We aim to identify the causes and risk factors for dementia and particularly Alzheimer’s disease. The primary use of our charitable fund has been to enhance staff education and professional development to ensure we have motivated and knowledgeable research staff. It enables doctors, nurses, psychologists and other staff to attend national and international conferences – primarily in the field of Alzheimer’s disease. Speaking at and attending conferences keeps us upto-date and allows the opportunity for networking with other researchers in our field and may lead to valuable collaborations. The fund has also enabled us to employ additional staff to help with data loading, as assessing our participants regularly and over time produces a large amount of data and requires significant staff resources. In addition we are able to facilitate and host scientific meetings to publicise our research work and help with recruitment to our study by covering advertising costs in local newspapers. Finally, we have been able to make the areas in which we see our participants for assessment a little less clinical and a bit more comfortable and improve our display of information with the purchase of a bookcase and notice boards. Research inve stigates how memory chan ges with age We would like to thank the generosity of all those who have supported our fund. Sharon Christie, Senior Research Nurse & Operations Manager Annual Report 2010/11 Page 14 Looking ahead ONGOING AND NEW PROJECTS Phase two of the Heart Centre Campaign With the high-tech videoconferencing facility fully funded, installed and in use, we will be able to move on to the second phase of our Heart Centre fundraising with plans to establish a world-class echocardiography unit. Echocardiography is now a vital diagnostic tool and 15,000 echo scans take place annually at the John Radcliffe. Use of this important service is increasing rapidly and bringing great advances in our understanding of heart conditions. Because this is a tool that has developed over some time, the echo team is currently spread across three areas of the hospital in cramped spaces and without the level of privacy we would like to offer patients. We are now fundraising to create a purpose-built diagnostic suite for the echo team adjacent to the new Heart Centre and a state-of-theart echocardiographic system for the most advanced non-invasive imaging of the heart. Not only will this enhance patient care, it will also foster research and collaboration. the Heart Fundraising for res and Cancer Cent The Hea rt Centr e, as wit the Trus h all part t, benefi s of ts from donatio ns Page 15 Annual Report 2010/11 Professor Stephen Westaby consulta , nt cardia c surgeon Spreading the Word We believe that our colleagues are the best ambassadors any charity could have. When asked what prompts them to make a donation, the vast majority of our supporters tell us they want to do something to thank the staff and hospital that looked after them. That said, we know we could do more to help spread the word about ORH Charitable Funds, and how people can help. Throughout 2011 we will be rolling out improved and inexpensive ways of informing staff and patients about the positive influence the charity has across our hospitals. To add to our usual forms of communication through email, website and fundraising magazine, new posters will be distributed to every ward and department promoting the work of Charitable Funds and making the information easy to find for busy hospital staff. We will also look at new ways of informing patients about us such as getting our messages on to patient menus, feedback forms and “going home” leaflets. Supporters of th e Trust include Oxford United FC Developing a regular giving programme Having regular donations from a large base of supporters will help our charity to plan and support more long-term projects across our hospitals. We plan to launch a ‘regular giving’ recruitment campaign in 2011/12. The benefits of this are very clear. For example if just 25 “silver patrons” donate £10 a month that would bring in at least £3,000 in a year. This is enough to fund an infant overhead warmer for use in the operating theatres. Babies can lose heat very quickly when exposed during an operation but with this overhead heater they can be kept warm throughout their operation which speeds up their recovery. al on inspirati t and now en ti pa n er so in Form er, Joe Rob fundrais Donors can choose to donate monthly or annually to support an individual ward fund, research project or major campaign, and this programme will also be a key method of supporting the Hospital Innovation and Enhancement Fund. HIEF is there to help innovative projects across all our hospitals (see page 6 for more details). Donor s can donat annu e mon ally t o supp thly or ort us Annual Report 2010/11 Page 16 Breast Cancer Screening Fundraising for the Breast Cancer Screening Appeal will continue throughout the next year. This appeal will benefit from a variety of small scale events taking place throughout the year, including a sponsored cycle, community sports day, lunches and a pamper evening. The search for appropriate grants will also continue. The Brea st Screen Leave a Legacy in your Will Leaving a legacy is the ultimate gift of your lifetime. In recent years legacies have regularly contributed around a million pounds annually to the hospital charity. These gifts support many large scale campaigns, such as the Brodey, Oxford Cancer and Oxford Heart Centres, as well as dozens of individual funds, from research to ward-based (please see page 25). Volunteer Margaret Poole t aughter a and her d n so ck rk a Ja P Nicola in the st a Walk It’s Not Ju Page 17 Annual Report 2010/11 Hundred s of supp orters ra ise mon for the T ey rust ing Serv ice team About us How we are Structured Oxford Radcliffe Hospitals Charitable Funds is an independent registered Charity (Registered charity number 1057295), which exists to raise, receive, manage and distribute donations for the benefit of the Oxford Radcliffe Hospitals NHS Trust. The Charity was established by Declaration of Trust in July 1996, the Trustee at that time being a corporate body. In April 2003 an independent board of Trustees was appointed under Section 11 of the NHS & Community Care Act 1990. These independent Trustees manage the assets of the Charity and comply with all current statutory requirements, the requirements of the Charity’s governing document and of SORP 2005. The Charity is made up of nearly 600 different funds, which each have a specific purpose. This may be to benefit a particular area of the hospital or medical service, to support a research project or to fund certain training and development services for clinical staff. All money received by the Charity is placed in these individual funds and held on trust by the Trustees to ensure that the wishes of our donors are honoured. Each fund has a Fund Advisor (usually a member of staff with specialist knowledge in the relevant area) who is responsible for managing the fund on behalf of the Trustees and ensuring that the money is spent appropriately, in accordance with charity law and in line with the wishes of the donor and for public benefit. The Fund Advisors liaise with the central Charitable Funds Department and receive monthly financial statements, guidance information and ongoing support and advice from the Charitable Funds team. In 2011/2012, the Oxford Radcliffe Hospitals NHS Trust will merge with the Nuffield Orthopaedic Centre NHS Trust and will change its name to the Oxford University Hospitals NHS Trust. "The Charity is made up of nearly 600 different funds, which each have a specific purpose" "All money received by the Charity is placed in these individual funds and held on trust by the Trustees to ensure that the wishes of our donors are honoured." Annual Report 2010/11 Page 18 Our Trustees The Charity is managed by independent ‘Section 11’ Trustees appointed by the Department of Health Appointments Commission. These Trustees have ultimate responsibility for all activity within the Charity and meet to make recommendations and decisions. When new Trustees are appointed, they receive a comprehensive induction and training programme, which includes spending time with the operational staff who administer the Charity and manage fundraising activity. Our Trustees are appointed for a period of four years, a term which may be renewed for up to 10 years, and meet quarterly. They are: Mr Peter Bagnall CBE DL (Chairman) Peter has been Chair of the Section 11 Trustees since 2003. He has extensive knowledge of the Oxfordshire health services and held the position as Chair of the Oxford Radcliffe Hospitals NHS Trust for a number of years. In addition, he has been the Chair of the Board of Governors of Oxford Brookes University and has also held a number of non-executive director appointments to public companies. Formerly, he held several senior appointments in commerce including that of Managing Director at W H Smith. Mr Bagnall retired in March 2011. Ms Julie Bond Julie is a Partner and Head of Litigation at solicitors Manches LLP. She has over 30 years experience of commercial litigation and specialises in large cases involving long-term projects, together with crisis management issues. She advises both commercial and not-for-profit organisations of all sizes. Julie lives in central Oxford with her two children, and has been a Trustee since 2003. Ms Caroline Langridge Caroline has extensive knowledge of working in the public sector, and has been part of the NHS since 1975. She has a Masters degree in Public Policy Studies and is a trained Executive Coach. Caroline joined the Department of Health in 1989 where she was a founder member of the NHS Trust Unit, and moved in 1991 to take on a new role as Head of the NHS Women’s Unit, responsible for a major equality programme for women delivering Opportunity 2000 in the NHS. In 1998, she established her own independent consultancy, dealing with health–related matters. Caroline has been a Trustee since 2003 and was also a Non-executive Director on the ORH Trust Board until October 2009. She also chairs the HIEF Committee. Mr James Nicholson James brings to the Charity benefits arising from his considerable commercial and business background over many years and specifically an expertise in investment management. He is currently chairman of Alpha Portfolios plc, a Director of JP Morgan Russian Securities plc and also a Director of Baring Hedge Select Fund Limited. He has been a Trustee since 2005. He succeeded Mr Peter Bagnall as Chair of the Committee in March 2011. Annual Report 2010/11 Page 19 Dr John Reynolds John Reynolds was a medical student in Oxford from 1978-1981 and returned here in 1988 to undertake a DPhil in neuropharmacology and to train as a GP and clinical pharmacologist. He was appointed as a consultant in 1997 and was chairman of Division A in the ORH from 2002 to 2007. He chaired the Pharmaceutical Panel of the NHS R&D Health Technology Assessment Programme for six years and currently sits on the Persons Appointed Review Panel of the Medicines and Health Regulatory Authority and the Formulary Development Committee of the British National Formulary. He has been a Trustee since 2008 and chairs the Sobell House Study Centre Finance and Governance Committee. Mrs Anne Tutt Anne Tutt is a qualified Chartered Accountant with 25 years of experience as an executive and non-executive director. Anne was appointed as a Non-executive Director of the OUH in 2009 for a period of four years. Her portfolio currently includes acting as a non-executive Director of the Adventure Capital Fund Limited, the Social Investment Business Limited and the Identity and Passport Service, where she also chairs the Audit Committee. She is a non-executive member of the Audit Committees of the Home Office and DEFRA and works in the private sector as a financial consultant. Anne has led successful finance and management teams in many different sized organisations from small owner-managed companies to large, multi-national organisations in the public, private and social enterprise sector. Professor Andrew Wilkinson Andrew first came to work at the John Radcliffe in 1973, when only the Maternity block and the Institute were open. After training in Perinatal Medicine in San Francisco, he was appointed as the first consultant specialist in neonatology in Oxford in 1981. In 1992 he joined the University Department of Paediatrics. His contribution to the Charity as a Trustee brings expertise and advice from the perspective of an active medical clinician and researcher. He has been a Trustee since 2005. Volunteers We are greatly assisted in our work by the generous support of all our volunteers, and would like to thank everyone who has made a contribution of any kind. This ranges from the small army of dedicated helpers who put together mailings and ensure that our newsletters reach our database of supporters, to those who sit on fundraising campaign committees. We are also indebted to those volunteers who help to run regular table sales at the John Radcliffe, or help with street collections, fundraising events, publicity, updating our notice boards and many other tasks. Annual Report 2010/11 Page 20 The team Charitable Funds Department Richard Sonley Kirsten Bailey Sue Derham Lorraine Irwing Head of Charitable Funds (retired April 2011) Group Finance Manager & Acting Head of Department Senior Fund Manager / Payments Manager (retired September 2010) Financial Accountant Funds and Legacy Management Section Lesley Hurdley Pat Newbold Legacy Manager / PA to Head of Charitable Funds Fund Manager Income Section Yaima Bacallao Roland Panavia Molly Tonks Finance Manager Income Officer Income Officer Payments Section Michele Tombs Margaret Slater Jane Surman Elaine Burden Vacant Payments Manager Deputy Payments Manager Deputy Payments Manager (retired March 2011) Payment Officer Payment Officer Fundraising Department Alice Gosling Sarah Vaccari Penny Hambridge Yolanda Jacob Director of Fundraising Communications and Stewardship Manager Children’s Development Officer Fundraising Project Manager (Horton) Community Fundraising Graham Brogden Janet Sprake Cynthia Charlett Andrew Styles Head of Community Fundraising Fundraising Manager Outreach and Gift Processing Manager Outreach and Gift Processing Assistant Major Gift Fundraising Andrew House Anu Basra Marianne Julebin Head of Major Gifts Development Officer (to July 2011) Development and Research Officer Page 21 Annual Report 2010/11 HOW TO CONTACT US Our main address is: Oxford Radcliffe Hospitals Charitable Funds, Manor House, Headley Way, Headington, Oxford, OX3 9DZ. Tel: 01865 743432 Email: campaign@orh.nhs.uk www.orhcharitablefunds.nhs.uk For fundraising queries, please call 01865 743444. Registered charity number 1057295 Financial review The following figures are taken from the 2010/11 Accounts which carry an unqualified audit report and the Accounts may be viewed in more detail on the Charity Commission website (www.charity-commission. gov.uk). This part of the Trustees’ Annual Report comments on the key features from these Accounts. Copies of the full Accounts entitled Oxford Radcliffe Hospitals Charitable Funds Accounts 2010/11 are also available from the Charitable Funds Department, Manor House, Headley Way, Oxford, OX3 9DZ. SOURCES OF FUNDS RECEIVED IN THE YEAR (£6.93m) Each of the major areas of incoming resources is reviewed below: Donations received (£2.4m) We are again enormously grateful for the thousands of donations received from members of the public, including of course the many grateful relatives and patients, collections in memory of a loved-one, and in addition from the many companies which have adopted our Charity as a way of putting something back into the community. Legacy (£0.8m) A gift in a Will is a valued way of donating to charity and an investment in the future. We are fortunate at ORH Charitable Funds to be remembered by so many people each year, whose gifts make a huge difference to healthcare across the Trust. Where the terms of the gift require the capital to be invested, the income generated is used to assist our charitable work. Please see the listing of 2010/11 legacies on page 25. Income from Charitable Activities (£651k) Income is received from activities undertaken to further the charity’s objectives (such as research and education). This includes income from courses of £510k. Many clinical departments run courses and conferences enabling the exchange of information and best clinical practice. These events generate income to benefit the departments concerned. The majority of the course income (£418k) is generated by Sobell House Study Centre. Investment Income (£396k) Investment income has increased following a restructure of the investment portfolio in 2010/11 in order to increase the investment income levels. Grants from external organisations (£2.6m) We are grateful to the charities and other similar organisations that have given us grants to fund particular projects or pieces of equipment. Specific mention should be made of the continued significant support of Sobell House Hospice Charity for palliative care. We are always keen to work with the many specialist health charities to benefit groups of patients being treated at the ORH Trust. Activities for Generating Funds (£48k) This income arises from sales of fundraising merchandise and a staff lottery which has been running for many years. Annual Report 2010/11 Page 22 Where we spent our money in 2010/11 compared with the previous year Patients Staff Welfare, Equipment & Staff Areas Medical Research & Equipment Medical Equipment Specialist Courses & Training Building Projects and upgrade to patient areas Fundraising Costs Charged to Specialist Appeals Administration Other Totals 2010/11 2009/10 £’000 £’000 1,842 482 1,444 1,450 1,167 942 195 424 5 7,951 1,325 576 1,286 1,824 1,097 137 374 6 6,625 OUR INVESTMENTS 2010/11 Investment Review Cazenove Capital Management Limited have provided the following review: The second half of 2010 saw a slowdown from the already lacklustre recovery in the majority of Western economies. Concerns over the possibility of a double-dip prompted the US Federal Reserve to announce a further round of quantitative easing (QEII). This was accompanied by a further boost from increased fiscal spending, which may have succeeded in returning the World’s largest economy to a more sustainable growth path. Smaller US companies have begun to show signs of improving sentiment and increased hiring. Small companies employ more than half of the work force, so this improvement means that the employment picture in the US has brightened appreciably in recent months. This should feed back into consumer confidence and spending, which in turn should feed back to company profits and so the sustainable growth cycle begins. There remain risks to the consumer outlook in the US, notably from the current increase in petrol prices. Sadly, this positive outlook cannot be translated to the UK economy, which reported a surprise weather-affected contraction of 0.5% in the fourth quarter. The Office for National Statistics has estimated that this was due to the adverse weather in December and that, therefore, underlying growth over the final quarter was approximately flat. So far, data for the first quarter of 2011 have been broadly with this hypothesis. The slowdown in growth can largely be attributed to the combination of high inflation and low wage growth, which has caused a reduction in real household incomes. Page 23 Annual Report 2010/11 The recent marked slowdown in retail sales, which have been flat over the three months to February, suggests that this squeeze is beginning to come through in expenditure numbers. Adding to the weakness in the outlook for household consumption is the forecast reduction in government spending, which begins in earnest during 2011/12. The bright spot in the economy is likely to be in the area of capital spending. Across the board, fixed investment is expected to make the largest contribution to GDP in 2011. Net trade is also likely to improve over this year, largely because lower imports will be the corollary of lower consumer demand. Sadly, we do not think that the improvement in net trade numbers will come from an acceleration in export growth. Elsewhere in Europe, northern European economies, particularly Germany, continue to look strong. Survey measures of Q1 2011 activity have remained in high positive territory in both manufacturing and services sectors. In Germany, unemployment has fallen to rates not seen since before reunification in 1991. Strong growth in core Eurozone economies has led to an increase in inflation to 2.6%. This is above the ECB target rate of ‘close to, but below 2%’. In comparison to the UK’s much higher inflation rate of 4.0%, this may not seem all that worrying, but the Eurozone, heavily influenced by Germany, is traditionally much more averse to rising inflation than the UK. The ECB has, therefore, become the first major central bank to announce an increase in interest rates, of 0.25%, taking the Repo Rate to 1.25%. ABOUT OUR INVESTMENTS There are two elements to the Investment Policy with the charity operating two types of investment pools: a)Stock Exchange Portfolio – for large, non-appeal funds not opting for the ‘cash only’ option. b) Cash and Fixed Interest Only Funds – for small, ward, appeal and new funds The Trustees ensure that the money held within the Charity is invested prudently and profitably over the long term, for the benefit of the Charity. The aim for the stock market portfolio is to meet the income needs of the Charity and to grow capital and income over the long term at a low to medium level of risk. An investment buffer of 20% (above fund values) was created to support these funds against future market falls and this decision resulted in the capital value of funds being fully protected in the year. The aim of the cash and fixed interest only fund is to meet the income needs of the charity at a low level of risk. The investment performance is measured against a composite portfolio benchmark agreed by the Trustees and Cazenove at quarterly meetings. At 31 March 2011 the value of the Stock Exchange portfolio of investment funds was £7.5m, achieving an annual income of £271k (equivalent yield of 3.6%). Annual Report 2010/11 Page 24 LEGACIES (Received from 1st April 2010 – 31 March 2011) Listed below are the legacies gratefully received, showing the areas which benefited: Phyllis Absolam Oxford Hospitals General Fund Margaret Aird Starmer-Smith Lymphoma Fund Terence Atkins Oxford Hospitals General Fund Margaret Bax Surgical Oesophageal Fund Tom Bowling Osler Chest Unit Brian Cole Fund for Children Ada CooperOxford Eye Hospital / Cancer Research / Oxford Hospitals General Fund Lily Curtis Cancer Care Fund Derek EnockOxford Hospitals General Fund (for the Churchill Hospital) Kirsten Eriksen Horton Hospital General Fund Sheila Finch Cancer Research (Churchill Hospital) Francis FloreySpecial Care Baby Unit (SCBU) / Cancer Research / Kamran’s Ward Phyllis Garner Endoscopy Unit Agnes Griffiths Childhood Cancer Research Mary Hector Oxford Eye Hospital Denis Hooper Haematology Research Donald HuntOxford Project to Investigate Memory and Ageing (OPTIMA) June James Special Care Baby Unit (SCBU) Brian LeachCardiac Research & Care / Cancer Research & Care / Asthma Research & Care / Neurology Research & Care Alice LewisVascular Unit Surgery Research & Education Fund Ada MacDonald Children’s Special Projects Jennifer McDowell JRH Radiographer Training & Paediatric Fund Barbara MeeHorton Hospital (A&E, E Ward, Brodey Cancer Resource Centre) Leo Mulqueen Oxford Hospitals General Fund John Parsons Renal Research Pamela Pegler Kidney Cancer Research Constance Preston Clinical Diabetes & Metabolic Research Fund John Roberts Blood Coagulation Research Edna Ryczowski Neurology Fund Patricia Seymour Cardiac Research Kathleen Skelly Cancer Centre Marjorie Slade Cancer Research Margaret Spratt Gibson Fund Frederick Sprigg Horton Hospital CCU Mavis SpriggeOxford Hospitals General Fund / Gynaecological Unit Ward Beatrice Tighe Cardiac Research at the JRH John Wainwright Oxford Hospitals General Fund William Walden Horton Hospital General Fund Janet Walker Urology Ward, Churchill Hospital Rachel WalkerInpatient Improvement Project (Churchill Hospital) Derek Webb Cancer Campaign Janet Webb Cardiothoracic Critical Care Leslie Weller Haemophilia & Thrombosis Centre Page 25 Annual Report 2010/11 George WigmoreHeart Centre Campaign / Oncology Ward (formerly Frank Ellis Unit) / Sir Michael Sobell House & SMSH Bereavement Fund Ethel WyattBrodey Centre Extension / Cancer Research (Churchill Hospital) RISK MANAGEMENT POLICY In compliance with the Statement of Recommended Practice (SORP) 2005, the Trustees identified their main objectives, including those delegated to their administrative department, the ORH Trust’s Charitable Funds Department. The risks to these objectives were then shown and assessed for severity and likelihood, and compiled as a register showing the controls existing to mitigate each risk. This highlighted those areas in which residual risk remains medium or high, and where further action is required. It is the Trustees’ intention to re-visit this register on an annual basis to ensure that it remains relevant and comprehensive and that action has been taken where indicated. It is their belief that the control systems identified in this exercise are sufficiently embedded to have become part of the culture of the Department and that managers and staff are aware of their responsibility for internal control as part of their accountability for achieving the objectives. All members of the Department are encouraged to be aware of their responsibility to respond and advise on evolving risks, whether internal or external, and to report failings promptly for consideration by management and Trustees. RESERVES POLICY Under SORP 2005, charitable reserves are identified as income which becomes available to the Charity and is to be spent at the Trustees’ discretion in furtherance of any of the Charity’s objects, but which is not yet spent, committed or designated. The definition of ‘reserves’ should exclude: ■ Endowment Funds ■ Restricted Funds ■ Designated Funds In terms of Unrestricted Income Funds, the policy of the Trustees is to transfer the majority of income into Designated Funds in order to ensure that donations are utilised in accordance with the donor’s wishes. These funds are administered by Fund Advisors in accordance with policies and procedures set by the Trustees. The funds are closely and regularly monitored in terms of expenditure plans, ensuring they are spent within a reasonable period of time. In line with the Commission’s Guidance, a separate Reserves Policy is not required for these Designated Funds. The Trustees do, however, have a requirement to hold funds in order to support various charitable purpose expenditure, including general staff benefits, but it should be noted that this expenditure is not guaranteed. In order to meet this expenditure, the Trustees hold General Purpose Funds for the Oxford Radcliffe Hospitals – John Radcliffe Hospital, Churchill Hospital, Horton Hospital – and a minimum level of reserve for these funds is considered to be 12 months’ average expenditure. At 31 March 2011 the balances on these funds and their average 12 months’ expenditure, was as follows: General Funds’ Balance at 31 March 2010 £453,922 12 Months’ Average Expenditure £175,958 The charity recognises the importance of undesignated unrestricted funds, providing the flexibility to support the ORH Trust’s strategic plans, and therefore the Charity is encouraging more generic giving. This policy will be reviewed periodically. The Trustees review the balance of the ORH General Fund on an annual basis, and any excess is transferred to the Hospital Innovation and Enhancement Fund. Professor John Stradling Dr Chris Wait Mrs Alice Gosling Medical Staff and Research Medical Staff and Horton Hospital Fundraising PROFESSIONAL ADVISERS Lloyds TSB Bank plc 87 London Road Headington Oxford OX3 9AB Audit Commission Unit 5 Isis Business Centre Horspath Road Oxford OX4 2RD Cazenove Capital Management Limited 12 Moorgate London EC2R 6DA Withers LLP 16 Old Bailey London EC4M 7EG Principal Office Oxford Radcliffe Hospitals Charitable Funds Department Manor House Headley Way Oxford OX3 9DZ CO-OPTED ADVISERS Charitable Funds Committee meetings are held 4 times a year and at each meeting the agenda is separated into 2 sections for ‘Charitable Funds issues’ and ‘Investment/Finance issues’. Co-opted advisors (and Investment Managers) are invited by the Trustees to attend these meetings and are chosen in order to either represent the different hospitals across the Trust or their particular profession, thus assisting the Trustees in effective and informed decision making. Thank you for taking the time to read our Annual Report for 2010/11 Annual Report 2010/11 Page 26 OXFORD RADCLIFFE HOSPITALS Charitable Funds Manor House, Headley Way, Oxford, OX3 9DZ Tel: 01865 743432 Tel: 01865 743444 (Fundraising) Fax: 01865 222469 or email: charity@orh.nhs.uk www.orhcharitablefunds.nhs.uk Registered Charity Number 1057295