Finances

Financial review

  1. 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
5,2145,707
Net finance costs
 
Stafford S.75 Pension Transfer
(1,715)
 
(695
(1,842)
Surplus for the year
2,8043,683
Impairment
 
Stafford S.75 Pension Adjustment
 
Pension Adjustment

93

695

(16)

(190)

 

Adjusted retained surplus
3,5763,683
 

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

Expenditure over £25,000 – 2020

January 2020 – expenditure over £25,000 February 2020 – expenditure over £25,000 March 2020 – expenditure over £25,000 April 2020 – expenditure over £25,000 May 2020 – expenditure over £25,000 June 2020 – expenditure over £25,000 July 2020 – expenditure over £25,000 August 2020 – expenditure over £25,000

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Expenditure over £25,000 – 2018

Access monthly reports for 2018

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Expenditure over £25,000 – 2017

Access monthly reports for 2017

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Expenditure over £25,000 – 2016

Access monthly reports for 2016

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Expenditure over £25,000 – 2015

Access monthly reports for 2015

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Expenditure over £25,000 – 2014

Access monthly reports for 2014

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Expenditure over £25,000 – 2013

Access monthly reports for 2013

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Expenditure over £25,000 – 2012

Access monthly reports for 2012

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Expenditure over £25,000 – 2019

Access monthly reports for 2019

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Link to HM Government website

Further information regarding the expenditure of government departments can be found on the HM Government website here.