2000 - 2001 - Central Manchester University Hospitals - NHS ...

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Introduction Income and Expenditure The summary financial statements for the year ended 31st March 2001 are included later in this report. These are an extract of the full audited accounts adopted by the Trust Board on 7th August 2001, which are available from the Finance Directorate on 0161 276 4936. The Trust’s income continues to rise each year and in 2000/2001 totalled £222m. In particular the Trust received additional income Capital Absorption Rate for critical care and coronary heart disease. As a major teaching Trust the income comes from many different sources as the diagram below illustrates. Income Analysis External Financing Limit 2% 2% 1% Manchester Greater 13% Manchester Levy 10% Other Health Authorities 35% Management costs Other 13% Provider to Provider 24% Private Patient Distinction Awards Capital Expenditure Pay Analysis The provision of healthcare is labour intensive and approximately 60% of expenditure was used to pay staff salaries. The majority of this is for Medical and Nursing staff, as set out in the following diagram: Nursing Staff 4% 4% Medical Staff Senior Manager Pay Awards 5% Professional & Technical 7% 10% 12% 27% 31% Admin & Clerical Ancillary Staff Professions Allied to Medicine Senior Managers Agency The Trust was set a target to break-even in the year, this required the Trust to implement savings of £1.25m as part of an ongoing financial plan. In fact the Trust has produced a surplus of £857k for the year. This has offset deficits made in previous years and the Trust now has a cumulative deficit of £2,694k, since the introduction of the revised break-even performance by the NHS Executive in 1997/98. The Trust made a surplus before interest and dividends were paid, of £9,991k. A dividend of £9,041k was paid, which is 5.6% of net relevant assets, which is within the materiality range set by the in the NHS financial regime. The Trust was allowed to borrow an additional £5,549k during the year. In fact it borrowed £5,539k which is well within the £50k tolerance set by the NHS Executive. The borrowing facilitated the financing of the £17m capital programme. The management costs of the organisation have shown a slight increase over the last financial year to £7,167k, which is 3.53% of income. This is well within the target figure of £7,625k. Details of management and administration costs are given on page 31. Capital expenditure for the financial year 2000/2001 totalled £17.3m and sees the continuation of major capital work in respect of redevelopment of the site. The largest item of expenditure was £6.7m on the building of four wards and two theatres to assist with the transfer of services form Withington Hospital. Other major expenditure included the purchase of clinical equipment, health and safety expenditure and the commencement of the building of a multi-storey car park. The Secretary of State Health requires Trusts not to have pay rises for senior managers of more than 3.25% in total. This Trust complied with this requirement. Public Sector Payment Policy The Trust aims to pay all its suppliers on time. The NHS Executive set a target to pay at lease 95% of all invoices within 30 days. In 2000/01 it achieved 94% against the target. Full details of compliance with the code are given on page 31. Annual Report 2000 ~ 2001 23
Statement of the Chief Executive’s responsibilities as the Accountable Officer of the Trust The Secretary of State has directed that the Chief Executive should be the Accountable Officer to the Trust. The relevant responsibilities of Accountable Officers, including their responsibility for the propriety and regularity of the public finances for which they are answerable, and for the keeping of proper records, are set out in the Accountable Officers’ Memorandum issued by the NHS Executive. To the best of my knowledge and belief, I have properly discharged the responsibilities set out in my letter of appointment as an accountable officer. Acting Chief Executive 7th August 2001 Statement of directors’ responsibilities in respect of the accounts The directors are required under the National Health Services Act 1977 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, directs that these accounts give a true and fair view of the state of affairs of the Trust and of the income and expenditure of the Trust for that period. In preparing those accounts, the directors are required to: - apply on a consistent basis accounting policies laid down by the Secretary of State with the approval of the Treasury. - make judgements and estimates which are reasonable and prudent. - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. The directors confirm they have complied with the above requirements in preparing the accounts. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the trust and to enable them to ensure that the accounts comply with requirement outlined in the above mentioned direction of the Secretary of State. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Board Acting Chief Executive 7th August 2001 Acting Finance Director 7th August 2001 24 Annual Report 2000 ~ 2001
Page 1 and 2: The Trust Board A Statement from Ch
Page 3 and 4: Following a comprehensive public co
Page 5 and 6: Staff, patients and the Trust are d
Page 7 and 8: The Wellcome Clinical Research Cent
Page 9 and 10: ● ● Among several international
Page 11 and 12: - carer and compassionate leave ●
Page 13 and 14: The introduction of “partial book
Page 15 and 16: that the Trust accommodates an expe
Page 17 and 18: ● ● ● ● ● ● ● ● Re-
Page 19 and 20: ● Programme) to support an ‘Ova
Page 21 and 22: NHS Trust. The R&D exhibition gives
Page 23: 90000 80000 70000 60000 50000 40000
Page 27 and 28: Key Financial Controls 2000/01: The
Page 29 and 30: Restated* 1999/00 £000 £000 Incom
Page 31 and 32: Restated 31 March 2000 £000 £000
Page 33 and 34: Salary/fees Benefits Pensions Total
Page 35 and 36: and incentive, of all executive dir
Page 37 and 38: Clinical Governance is the national
Page 39 and 40: ● Successfully transferring staff
Page 41 and 42: offer, has now successful achieved
Page 43 and 44: Types of Complaints received in 200
Page 45 and 46: 45000 40000 35000 30000 25000 20000
Page 47 and 48: I am pleased to be able to report t
Page 49 and 50: Statement of Directors’ Responsib
Page 51 and 52: 2000/2001 1999/2000 £000 £000 Inc
Page 53 and 54: 31 March 2001 31 March 2000 £000
Page 55 and 56: THE REMUNERATION OF THE CHAIRMAN, C

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