Financial review
2018/19 was another strong year for the Trust, achieving an overall surplus of £2.8m. Adjusted for reporting performance against NHS control totals, the trust achieved an adjusted control surplus of £3.58m against income of £89.11m. This was the 20th year the Trust has consecutively achieved a surplus position and exceeding the legal requirements to breakeven by delivering a surplus of 4.36%.
The sustained financial position is achieved against the backdrop of a tightening of the public purse and a particularly financial challenged health economy in Staffordshire and Stoke on Trent.
2018/19 £000s | 2017/18 £000s | |
Income Sustainability Transformation Fund Income | 86,488 2,624 89,112 | 82,708 2,731 85,079 |
Expenditure | (83,898) | (79,372) |
Operating surplus | 5,214 | 5,707 |
Net finance costs Stafford S.75 Pension Transfer | (1,715) (695 | (1,842) |
Surplus for the year | 2,804 | 3,683 |
Impairment Stafford S.75 Pension Adjustment Pension Adjustment | 93 695 (16) | (190)
|
Adjusted retained surplus | 3,576 | 3,683 |
Of the overall surplus, £2.62m (94%) was earned through the allocation of the Provider Sustainability Funding (PSF), which is given to providers who deliver or exceed their Control Total. Whilst this cannot be invested directly into patient care, it can be used to support investment in our Capital Programme, which includes buildings, upgrading our ICT and purchasing equipment in future years.
Further information on our Financial Performance is contained in our Annual Report – available here
Expenditure over £25,000
In accordance with the government’s commitment to greater transparency, the Trust is required to publish online expenditure over £25,000. Expenditure, for the purposes of this exercise, is all individual invoices, grant payments, expense payments or other such transactions that are over £25,000. Certain expenditure, such as that related to the Trust’s payroll and money administered on behalf of clients, is excluded from the scope of these disclosures.
The Trust will publish expenditure over £25,000 on a monthly basis, as stipulated by HM Treasury.
To see the latest expenditure over £25,000 reports, please click here.
Data inclusions
The Trust has included the following within the files showing the expenditure data:
- Name of Department (the Department of Health being the Trust’s ‘parent’ department)
- The name of the Trust (North Staffordshire Combined Healthcare NHS Trust)
- The Payment date as recorded within the Trust’s Purchase Ledger
- The Description of the Expenditure (expense type)
- The area within the Trust that has spent the money (expense area)
- The full name of the supplier
- A reference number for each individual expenditure transaction
- The value of the transaction
Archive
Link to HM Government website
Further information regarding the expenditure of government departments can be found on the HM Government website here.