Annual Report 2006 - Royal Devon & Exeter Hospital

Operating & Financial ReviewIt is anticipated that the number of patients requiringtreatment at the RD&E will continue to grow butprobably at a much lower rate that has been the casein previous years as PCTs establish alternative ways forpatients to receive treatment in the community.Financial targets for the next three years will see thedelivery of a financial surplus of £2.4m in 2006/07rising to a surplus of £10m by 2008/09, which the Trustwill invest in new hospital buildings and equipment(NHS Foundation Trusts have to ‘borrow’ capital moneyto fund new equipment and buildings) and improvingthe quality of services for patients.Work is ongoing on a number of new developments.The transfer of obstetric and gynaecology servicesfrom Heavitree Hospital to the Wonford site is due totake place early in 2007. Work has started on providinga new upgraded Diabetes Centre, a second cardiaccatherisation laboratory and an expanded radiotherapydepartment at the hospital. The RD&E is expanding itsfacilities for renal patients and its endoscopy services.The Trust has deferred a decision on building a newTreatment Centre on the Wonford hospital site for 12months until there is greater clarity on the deliveryof outpatient and day-case services. In the meantimeday-case facilities will be expanded at Heavitreehospital to meet demand until a longer term decisionis taken.Mike StevensDirector of Finance & InformationSummary Financial StatementsThe Summary Financial Statements are merely a summary of the information in the full accounts that areavailable on request from the Director of Finance at the below address:Royal Devon & Exeter NHS Foundation Trust, Barrack Road, Exeter, EX2 5DW. Telephone (01392) 411611.These Summary Financial Statements have been approved by the Board of the Royal Devon & Exeter NHSFoundation Trust.Angela PedderChief Executive13 June 2006Independent auditors’ report to the Council of Governors of the Royal Devon & Exeter NHSFoundation Trust on the Summary Financial StatementsWe have examined the summary financial statements for the year ended 31 March 2006 which comprise the Income andExpenditure Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses, the Cashflow Statement and therelated notes.This report, including the opinion, is made solely to the Council of Governors of the Royal Devon & Exeter NHS Foundation Trustin accordance with paragraph 24(5) of Schedule 1 of the Health and Social Care (Community Health and Standards) Act 2003(the Act) and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose orto any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our priorconsent in writing.Respective responsibilities of directors and auditorsThe directors are responsible for the preparing the ‘Annual Report 2005/06’. Our responsibility is to report to you our opinionon the consistency of the summary financial statements within the ‘Annual Report’ with the statutory financial statements.We also read the other information contained in the ‘Annual Report’ and consider whether it is consistent with the auditedsummary financial statements. This other information comprises only the Operating and Financial Review and the remunerationsection. We consider the implications for our report if we become aware of any mis-statements or material inconsistencies withthe summary financial statements. Our responsibilities do not extend to any other information.Basis of opinionWe conducted our work in accordance with Bulletin 1999/6, ‘The auditors’ statement on the summary financial statements’issued by the Auditing Practices Board for use in the United Kingdom.OpinionIn our opinion the summary financial statements are consistent with the statutory financial statements of the NHS FoundationTrust for the year ended 31 March 2006 on which we have issued an unqualified opinion and certificate.25PricewaterhouseCoopers LLP 16 June 200631 Great George Street, Bristol, BS1 5QD.