Gloucestershire Partnership NHS Trust

1
Gloucestershire PartnershipNHS Trust

• 2004/05 Financial Performance and Annual Accounts
• Sandra Betney, Director of Finance

2
Financial TargetsWhat are we required to do?

• Statutory duty to break-even -not spend more
  than what we get in
• Stay within External Financing Limit (EFL), not
  spend more cash than allocated
• Meet Capital Resource Limit -Contain capital
  expenditure within approved limits
• Public Sector Payment Policy
• Capital Cost Absorption maintain ability to make
  contribution to capital cost

3
Financial TargetsSo how did we do?

• Target Outturn
• Income and Expenditure Account Break-even
  1,363k deficit
  
• External Financing Limit 1,290k
  1,309k
• Capital Expenditure 2,844k 733k
• Public Sector Payment Policy 95
  93
• Capital Cost Absorption 3.5
  3.6

4
Income and Expenditure

• 2004/05 2005/06
• 000 000
• Income from NHS 57,929 61,120
• Other Operating income 20,574 22,361
• Operating expenses (76,740)
  (82,883)
• OPERATING SURPLUS (DEFICIT) 1,763 598
• Profit (loss) on disposal of fixed assets
  (9) 88
• Interest receivable 185 121
• Other Finance costs unwinding of discount
  (14) (10)
• Other finance costs change in discount rate on
  provisions 0 (43)
• SURPLUS (DEFICIT) FOR THE FINANCIAL YEAR
  1,925 754
• Public Dividend Capital dividends payable
  (1,816) (2,117)
• RETAINED SURPLUS (DEFICIT) FOR THE YEAR
  109 (1,363)

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Income SourcesWhere is the money from?
6
Operating Expenses How is the money spent?
7
Expenditure by Service typeWhat is the money
spent on?
8
Why was there a deficit in 2005/06?

• At the start of the year we forecast an 8.3m
  problem and we added 700k extra during budget
  setting.
• The problem was caused by
• Not meeting efficiency savings and targets prior
  to 05/06
• 1.7 Cash Releasing Efficiency Saving income
  deductions
• National pay awards not being fully funded
• We saved 7.7m in the financial year
• 4.4m permanently, 2.2m one off fixes, 1.1m
  tightening the belt
• So we over spent by 1.3m
• Because 3.3m of the savings werent possible
  longer term, 4.6m of the problem carried into
  06/07

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Start Position for 06/07

• We brought forward 4.6m
• 2.5 Cash Releasing Efficiency Saving income
  deductions added 1.5m
• We had to repay our deficit of 1.3m
• and a penalty of 200K
• We agreed to contribute to the PCT deficit for
  06/07 1.1m
• This meant we had to save 8.7m in 06/07
• 7.2 permanently

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06/07 so far

• We have permanently saved 3.5m
• We have forecast to save a further 2m
  permanently
• Keeping the belt tight is expected to yield 2.8m
• Our problem should be 1.7m by the end of the
  year, and resolved by the effect of plans
  implemented
• We will have permanently made savings across two
  years 05/06 and 06/07 totalling 9.9m

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Charitable Trust FundsFinancial Activities for
2005/06

• 000 000
• Fund Balances at start of year 526
• Income
• donations 10
• investment income 17
• 
  27
• Resources Applied
• for charities objectives
  299
• management and admin 10
• 309
• Increase/ (decrease) in funds 282
• Fund Balances at end of year 244

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Full set of accounts available from

• Director of Finance
• Trust Headquarters
• Gloucestershire Partnership NHS Trust
• Rikenel
• Montpellier
• Gloucester
• GL1 1LY
• Tel [phone]
• Email sandra.betney_at_glos.nhs.uk