Trust Board Febuary 2010 - Sandwell & West Birmingham Hospitals

SWBTB (2/10) 031 (a)
Financial Performance Report – January 2010
Analysis of Total Pay Costs by Staff Group
Year to Date to January
Actual
Budget Substantive Bank Agency Total Variance
£000 £000 £000 £000 £000 £000
Medical Staffing 61,135 61,181 1,779 62,960 -1,825
Management 11,386 10,668 0 10,668 718
Administration & Estates 23,378 22,721 979 23,700 -322
Healthcare Assistants & Support Staff 10,225 10,070 1,635 1,022 12,727 -2,502
Nursing and Midwifery 72,496 67,595 3,575 914 72,084 412
Scientific, Therapeutic & Technical 28,013 27,295 147 27,442 571
Other Pay 43 15 15 28
Total Pay Costs 206,676 199,545 5,210 4,841 209,596 -2,920
Balance Sheet
• The opening Statement of Financial Position (balance sheet) for the year at 1 st April reflects the IFRS based audited
accounts for 2008/2009.
• Cash balances at 31 st January are approximately £1.8m higher than the revised plan, an increase of approximately
£0.5m against the position at 31 st December The Trust has now received confirmation of its final External Financing
limit for 31 st March 2010 which is -£568k i.e. a net repayment of PDC. To achieve this target, the Trust’s cash
balance at the year end will need to be £8,852k. The year end cash forecast and the revised plan have been amended
to reflect this figure. Although other updates have been made to the forecast movements, no further changes have
been made to the revised plan as the overall effect of the changes is not material.
Sandwell & West Birmingham Hospitals NHS Trust
STATEMENT OF FINANCIAL POSITION
Opening
Balance as at
March 2009
Balance as at
January 2010
£000 £000 £000
Forecast at
March 2010
Non Current Assets Intangible Assets 547 460 522
Tangible Assets 277,912 272,052 257,371
Investments 0 0 0
Receivables 1,158 1,140 1,200
Current Assets Inventories 3,295 3,276 3,300
Receivables and Accrued Income 19,138 23,547 19,500
Investments 0 0 0
Cash 8,752 23,719 8,852
Current Liabilities Payables and Accrued Expenditure (28,516) (44,575) (32,806)
Loans 0 0 0
Borrowings (1,885) (1,880) (1,880)
Provisions (5,440) (2,059) (2,200)
Non Current Liabilities Payables and Accrued Expenditure 0 0 0
Loans 0 0 0
Borrowings (33,627) (32,227) (31,127)
Provisions (2,193) (2,193) (1,943)
Financed By
239,141 241,260 220,789
Taxpayers Equity Public Dividend Capital 160,231 160,231 159,663
Revaluation Reserve 60,699 60,699 40,966
Donated Asset Reserve 2,531 2,531 2,391
Government Grant Reserve 1,985 1,985 1,805
Other Reserves 9,058 9,058 9,058
Income and Expenditure Reserve 4,637 6,756 6,906
239,141 241,260 220,789
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