January 2012 - Sandwell & West Birmingham Hospitals

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SWBTB (1/12) 267 ALIGNMENT TO OBJECTIVES AND INSPECTION CRITERIA: Strategic objectives Annual priorities NHS LA standards CQC Essential Standards Quality and Safety Auditors’ Local Evaluation Compliance with financial management and governance standards. IMPACT ASSESSMENT (Indicate with ‘x’ all those that apply in the second column): Potential impact on trust financial performance Financial targets. Business and market share Clinical Workforce Environmental Legal & Policy Equality and Diversity Patient Experience Communications & Media Risks Potential impact of higher than planned expenditure on trust financial performance. PREVIOUS CONSIDERATION: Performance Management Board and Trust Management Board on 17 January 2012 and Finance & Performance Management Committee on 19 January 2012 Page 2
SWBTB (1/12) 267 (a) Financial Performance Report – December 2011 EXECUTIVE SUMMARY • For the month of December 2011, the Trust delivered a “bottom line” surplus of £180,000 compared to a planned surplus of £167,000 (as measured against the DoH performance target). • For the year to date, the Trust has a surplus of £771,000 compared with a planned surplus of £760,000 so generating an positive variance from plan of £11,000. •At month end, WTEs (whole time equivalents), excluding the impact of agency staff, were approximately 239 below plan. After taking into account the impact of agency staff, actual wte numbers are 160 below planned levels. This compares with a position last month of 80 below plan. Total pay expenditure for the month, inclusive of agency costs, is £698,000 below the planned level. • The month-end cash balance was approximately £25.1m above the planned level. Financial Performance Indicators - Variances Measure Current Period Year to Date Thresholds Green Amber Red I&E Surplus Actual v Plan £000 13 11 >= Plan > = 99% of plan < 99% of plan EBITDA Actual v Plan £000 (28) (334) >= Plan > = 99% of plan < 99% of plan Pay Actual v Plan £000 698 1,444 1% above plan Non Pay Actual v Plan £000 (567) (1,900) 1% above plan WTEs Actual v Plan 160 52 1% above plan Cash (incl Investments) Actual v Plan £000 25,099 25,099 >= Plan > = 95% of plan < 95% of plan Performance Against Key Financial Targets Year to Date Target Plan Actual £000 £000 Income and Expenditure 760 771 Capital Resource Limit 16,346 4,260 External Financing Limit --- 25,099 Return on Assets Employed 3.50% 3.50% Note: positive variances are favourable, negative variances unfavourable 2011/2012 Summary Income & Expenditure Performance at December 2011 Annual CP CP CP YTD YTD YTD Forecast Plan Plan Actual Variance Plan Actual Variance Outturn £000's £000's £000's £000's £000's £000's £000's £000's Income from Activities 374,874 31,143 30,919 (224) 281,245 280,636 (609) 373,182 Other Income 40,352 3,248 3,313 65 29,054 29,785 731 40,651 Operating Expenses (391,660) (32,410) (32,279) 131 (293,221) (293,677) (456) (390,725) EBITDA 23,566 1,981 1,953 (28) 17,078 16,744 (334) 23,108 Interest Receivable 25 2 11 9 19 82 63 104 Depreciation & Amortisation (13,269) (1,106) (1,074) 32 (9,952) (9,670) 282 (12,889) PDC Dividend (5,803) (484) (484) 0 (4,352) (4,352) 0 (5,803) Interest Payable (2,156) (180) (180) 0 (1,617) (1,617) 0 (2,156) Net Surplus/(Deficit) 2,363 213 226 13 1,176 1,187 11 2,364 IFRS/Impairment Related Adjustments (557) (46) (46) 0 (416) (416) 0 (557) SURPLUS/(DEFICIT) FOR DOH TARGET 1,806 167 180 13 760 771 11 1,807 The Trust's financial performance is monitored against the DoH target shown in the bottom line of the above table. IFRS and impairment adjustments are technical, non cash related items which are discounted when assessing performance against this target. 1
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SWBTB (1/12) 264 AGENDA Trust Board
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12 Minutes from the meeting of the
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SWBTB (12/11) 263 4 Update on actio
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strengthened in the forthcoming mon
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advised that the tariff adjustment
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outine review of feedback posted on
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preparation of the annual report sh
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SWBTB (12/11) 263 (a) Next Meeting:
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SWBTB (1/12) 265 TRUST BOARD DOCUME
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SWBTB (1/12) 265 (a) ` REGISTER OF
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Sandwell & West Birmingham Hospital
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SWBTB (1/12) 276 ALIGNMENT TO OBJEC
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SWBTB (1/12) 276 (a) Summary of our
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SWBTB (1/12) 276 (a) "Nothing could
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Page 41 and 42: ALIGNMENT TO OBJECTIVES AND INSPECT
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Page 71 and 72: March 2011 - August 2011 (Trust res
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Page 75 and 76: SANDWELL AND WEST BIRMINGHAM HOSPIT
Page 77 and 78: SUMMARY PROFILE OF COMPLAINTS FIGUR
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Page 103 and 104: Trust Objectives 2011/12 SWBTB (1/1
Page 119 and 120: Report ID: SWBH 02b Overview Status
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SWBTB (1/12) 268 (b) Appendix 1 Org
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staff and skills. Diagnostic activi
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organisation as a whole and its cri
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7. Conclusion This strategy outline
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3. MEMBERSHIP Non Executive
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SWBTB (1/12) 286 ALIGNMENT TO OBJEC
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SWBTB (1/12) 286 (a) The Department
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SWBTB (1/12) 286 (a) OUTLINE BUSINE
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SWBTB (1/12) 286 (a) Cluster Direct
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SWBTB (1/12) 286 (a) physicians and
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SWBTB (1/12) 286 (a) availability o
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SWBTB (1/12) 286 (a) Table 4 - Reco
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SWBTB (1/12) 286 (a) The evaluation
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SWBTB (1/12) 286 (a) appropriate ti
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SWBTB (1/12) 286 (a) Table 5: Ambul
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SWBTB (1/12) 286 (a) These costs ar
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SWBTB (1/12) 286 (a) It could be ar
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SWBTB (1/12) 286 (a) commissioners
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SWBTB (1/12) 286 (a) In making this
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SWBTB (1/12) 286 (a) Appendix 1 ACU
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SWBTB (1/12) 286 (a) Appropriately
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SWBTB (1/12) 286 (a) Provide a two
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SWBTB (1/12) 286 (a) Ap
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SWBTB (01/12) 269 ALIGNMENT TO OBJE
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SWBTB (1/12) 269(a) 2.3 Creating a
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SWBTB (1/12) 269(a) 4.0 Timeline 5.
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SANDWELL AND WEST BIRMINGHAM HOSPIT
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APPENDIX 1 - RCRH Activity Summarie
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2011/12 trajectories and ongoing pr
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SWBTB (1/12) 278 FT PROGRAMME BOARD
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SWBTB (1/12) 278 (a) FT Programme D
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MINUTES the New Year. In terms of t
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MINUTES respectively. 7 Programme r
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MINUTES It was reported that a self
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SWBAC (12/11) 068 Mr White reported
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SWBAC (12/11) 068 Implementation ac
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SWBAC (12/11) 068 Mrs Hunjan asked
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SWBAC (12/11) 068 ACTION: Mr White
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SWBAC (12/11) 068 The date and time
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January 2012 - Sandwell & West Birmingham Hospitals

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