Trust Board Febuary 2010 - Sandwell & West Birmingham Hospitals

SWBTB (2/10) 031 (a)
Financial Performance Report – January 2010
Conclusions
• For the year to 31st January 2010, the Trust has generated an overall income and expenditure surplus of
£2,119,000 which is £44,000 below plan. For the current month, the actual surplus of £258,000 was £27,000
better than plan.
• Capital expenditure in January continued at the higher levels witnessed over the last couple of months,
primarily driven by the purchase of medical equipment, telecoms and statutory standards work. However,
the programme remains below profile for the year and there is still some considerable way to go to deliver
the current programme by the year end.
•At 31 st January, cash balances are approximately £1.8m higher than the revised cash plan.
• Medicine A, Anaesthetics & Critical Care and Surgery A have all generated in month deficits and these,
along with Medicine B and Facilities, continue to show year to date deficits. As in previous months, this
continues to be balanced by better than planned performance in other divisions and, in particular, within
corporate services.
• Expenditure against pay budgets continues to worsen in month with a further deterioration of £336k,
although this is an improvement on performance in November and December. Excluding agency staff,
actual numbers of whole time equivalents (wtes) in post has decreased by 70 in month, primarily accounted
for by reductions in substantive staff numbers rather than bank staff. Taking into account an estimated
effect on wtes of agency staff, wte numbers are 21 greater than planned.
• Existing controls on pay and wte numbers will continue to be rigorously applied, particularly as the Trust
moves towards the new financial year and an expectation of a significantly tighter economic environment
although pressures from high activity levels and the ongoing need to ensure national and local targets are
met will continue to place substantial pressure on both pay and non pay expenditure over the remainder of
the financial year.
Recommendations
The Trust Board is asked to:
i. NOTE the contents of the report; and
ii.
ENDORSE actions taken to ensure that the Trust remains on target to achieve its planned financial
position.
Robert White
Director of Finance & Performance Management
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