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Finances

Financial review

2015/16 was another strong year for the Trust financially - achieving a £1.297m surplus against income of £78.6m.

This was the 17th year the Trust has consecutively achieved a surplus position and exceeds the legal requirement to breakeven by delivering a 1% surplus. This reflects the hard work and dedication from all of our staff to ensure we deliver quality services in an efficient and effective way. Good financial management is vital for the success of the organisation and to deliver high quality care for our patients and people who need our services.

 
2015/16 £000s
2014/15 £000s
Income
78,588
75,502
Expenditure
(75,878)
(73,356)
Operating surplus
2,710
2,146
Net finance costs
(1,920)
(1,721)
Retained surplus for the year
790
425
IFRIC 12 and Impairments
507
343
Adjusted retained surplus
1,297
768
 

We are pleased to report that our financial results for 2015/16 were better than our plan by £47,000. This is against the backdrop of a ‘tightening of the public purse’ and the full achievement of our £2.658m Cost Improvement Programme (CIP).

Expenditure over £25,000

In accordance with the government’s commitment to greater transparency, the Trust is required to publish online expenditure over £25,000. Expenditure, for the purposes of this exercise, is all individual invoices, grant payments, expense payments or other such transactions that are over £25,000. Certain expenditure, such as that related to the Trust's payroll and money administered on behalf of clients, is excluded from the scope of these disclosures.

The Trust will publish expenditure over £25,000 on a monthly basis, as stipulated by HM Treasury.

To see the expenditure over £25,000 reports for 2017, please click here 

Data inclusions

The Trust has included the following within the files showing the expenditure data:

  • Name of Department (the Department of Health being the Trust’s ‘parent’ department)
  • The name of the Trust (North Staffordshire Combined Healthcare NHS Trust)
  • The Payment date as recorded within the Trust’s Purchase Ledger
  • The Description of the Expenditure (expense type)
  • The area within the Trust that has spent the money (expense area)
  • The full name of the supplier
  • A reference number for each individual expenditure transaction
  • The value of the transaction

Archive

  • To see the expenditure over £25,000 reports for 2016, please click here 
  • To see the expenditure over £25,000 reports for 2015, please click here 
  • To see the expenditure over £25,000 reports for 2014, please click here
  • To see the expenditure over £25,000 reports for 2013, please click here
  • To see the expenditure over £25,000 reports for 2012, please click here

Link to HM Government website

Further information regarding the expenditure of government departments can be found on the HM Government website here.