Board of DirectorsJune 20138. RecommendationThe Trust is planning the delivery of all financial duties, with a planned surplus of £<strong>1.</strong>25million demonstrating that financial budgetary control is well embedded within the dayto day activities of the organisation.It is recognised, however, that to continue to deliver the level of savings required isbecoming ever more difficult as a single organisation. As a result, directorate savingsplans will need to be closely monitored to ensure that any areas of concern arehighlighted early and addressed promptly.Members are asked to note the Trust’s financial performance for the period to 30 April2013.Pete PapworthDeputy Director of FinanceMay 2013Financial Performance Page 3 of 3For information
ANNEX ATHE ROYAL BOURNEMOUTH AND CHRISTCHURCH HOSPITALS NHS FOUNDATION TRUSTFINANCIAL PER<strong>FOR</strong>MANCE <strong>FOR</strong> THE PERIOD TO 30 APRIL 2013KEY FINANCIALS2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCE£'000 £'000 £'000 £'000 % £'000 £'000 £'000 %NET SURPLUS/ (DEFICIT) 101 248 346 98 40% 1,250 1,250 0 0%EBITDA 1,316 1,288 1,409 121 9% 13,745 13,745 0 0%TRANS<strong>FOR</strong>MATION PROGRAMME 487 754 632 (122) (16%) 10,345 10,345 0 0%CAPITAL EXPENDITURE 374 130 169 39 30% 9,475 9,475 0 0%FINANCIAL RISK RATING2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL RISK WEIGHTED PLAN <strong>FOR</strong>ECAST RISK WEIGHTEDMETRIC METRIC METRIC RATING RATING METRIC METRIC RATING RATINGEBITDA Margin % 6.9% 6.3% 6.7% 3 0.8 5.5% 5.5% 3 0.8EBITDA Achievement of Plan % 102.2% 100.0% 109.4% 5 0.5 94.3% 94.3% 4 0.4Net Return after Financing % 0.3% <strong>1.</strong>4% 2.1% 4 0.8 0.5% 0.5% 3 0.6I&E Surplus Margin % 0.2% <strong>1.</strong>2% <strong>1.</strong>5% 3 0.6 0.5% 0.5% 2 0.4Liquidity Days 55.1 57.9 58 4 <strong>1.</strong>0 56.4 56.4 4 <strong>1.</strong>0FINANCIAL RISK RATING 3.7 3.2ACTIVITY2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCENUMBER NUMBER NUMBER NUMBER % NUMBER NUMBER NUMBER %Elective 4,584 5,146 5,419 273 5% 62,242 62,242 0 0%Outpatients 23,969 22,827 22,974 147 1% 276,102 276,102 0 0%Non Elective 2,487 2,265 2,396 131 6% 27,559 27,559 0 0%Emergency Department Attendances 5,291 6,592 6,731 139 2% 80,203 80,203 0 0%TOTAL PbR ACTIVITY 36,331 36,831 37,520 689 2% 446,107 446,107 0 0%INCOME2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCE£'000 £'000 £'000 £'000 % £'000 £'000 £'000 %Elective 5,446 6,040 6,078 39 1% 73,053 73,053 0 0%Outpatients 2,839 2,840 2,830 (9) (0%) 34,345 34,345 0 0%Non Elective 4,437 4,210 4,197 (13) (0%) 51,227 51,227 0 0%Emergency Department Attendances 514 624 618 (6) (1%) 7,597 7,597 0 0%Non PbR 4,109 4,974 5,171 197 4% 60,156 60,156 0 0%Non Contracted 1,719 1,739 2,011 272 16% 20,137 20,137 0 0%Research 128 153 163 10 7% 1,834 1,834 0 0%Interest 11 33 0 (33) (99%) 400 400 0 0%TOTAL INCOME 19,202 20,613 21,069 456 2% 248,750 248,750 0 0%EXPENDITURE2012/132013/14 YEAR TO DATE2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCE£'000 £'000 £'000 £'000 % £'000 £'000 £'000 %Pay 11,515 12,105 12,301 (196) (2%) 143,719 143,719 0 0%Clinical Supplies 2,547 2,484 2,534 (49) (2%) 33,778 33,778 0 0%Drugs 1,978 1,978 2,077 (99) (5%) 24,004 24,004 0 0%Other Non Pay Expenditure 1,707 2,457 2,460 (3) (0%) 31,086 31,086 0 0%Research 128 153 163 (10) (7%) 1,834 1,834 0 0%Depreciation 801 801 801 0 0% 8,431 8,431 0 0%PDC Dividends Payable 425 387 387 0 0% 4,646 4,646 0 0%TOTAL EXPENDITURE 19,101 20,365 20,723 (358) (2%) 247,500 247,500 0 0%STATEMENT OF FINANCIAL POSITION2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCE£'000 £'000 £'000 £'000 % £'000 £'000 £'000 %Non Current Assets 148,621 144,749 144,782 33 0% 146,266 146,266 0 0%Current Assets 62,319 68,546 67,866 (680) (1%) 67,593 67,593 0 0%Current Liabilities (25,865) (26,853) (25,954) 899 (3%) (26,691) (26,691) 0 0%Non Current Liabilities (3,253) (2,788) (2,789) (1) 0% (2,357) (2,357) 0 0%TOTAL ASSETS EMPLOYED 181,823 183,654 183,905 251 0% 184,811 184,811 0 0%Public Dividend Capital 78,674 78,674 78,674 0 0% 78,674 78,674 0 0%Revaluation Reserve 68,498 64,488 64,485 (3) (0%) 64,488 64,488 0 0%Income and Expenditure Reserve 34,651 40,493 40,746 253 1% 41,649 41,649 0 0%TOTAL TAXPAYERS EQUITY 181,823 183,655 183,905 250 0% 184,811 184,811 0 0%WORK<strong>FOR</strong>CE2012/132013/14 YEAR TO DATE 2013/14 FULL YEARYTD ACTUAL PLAN ACTUAL VARIANCE VARIANCE PLAN <strong>FOR</strong>ECAST VARIANCE VARIANCE% %Staff (Whole Time Equivalents) 3,553 3,694 3,682 12 0.3% 3,633 3,633 0 0.0%Sickness 3.43% 3.00% 3.75% (0.75%) (25.0%) 3.00% 3.50% 0.50% 16.7%
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