Public Board of Directors papers 260123

5. Well-Led

5.1 - Finance (Executive Summary)

YTD Budget YTD Actual

Variance

£'000

£'000

£'000

NHS Clinical - Block Contract Income

(207,899) (44,466)

(221,719) (39,239)

(13,819)

This report outlines the consolidated financial performance of The Christie NHS Foundation Trust and its wholly owned subsidiary The Christie Pharmacy Ltd.

NHS Clinical Income

5,227 (438)

Charitably funded capital donations

0 0

(438)

Donated CEF grant income Other non clinical income

(0)

(0)

(48,856) (301,221) 142,244 74,800 69,272 286,316 (14,905) (4,315) 33,270 14,050 (10,500)

(45,021) (306,416) 134,330 79,170 75,811 289,311 (17,106) (2,771) 33,295 13,418 (10,500)

3,835

Income

(5,196) (7,915)

I&E • The trust is reporting a month 9 position of £75k surplus compared to a breakeven plan within the latest plan submission of an annual break even control total. • The in month position for month 9 was a £29k surplus against a break even plan. • The month 9 I&E deficit is £13,418k, prior to adjusting for donated depreciation, charitably funded capital donations, donated grant income, donated consumables, transfers by absorption and impairments. • 2022-23 CIP - £4m has been identified at this stage against a recurrent 22/23 CIP plan of £7.3m Balance sheet / liquidity • The cash balance is £146,303k. • Debtor days has increased to 10 days compared to the previous month at 7 days. • Capital expenditure is 20.1% below the NHSI plan as a result of the current Paterson underspend (anticipated to concluded on plan) and the IFRS 16 leases yet to be committed. Other • No profit from TCPC has been included in the position at month 9 22-23 • 30 day BPPC is at 98% of value for trade and 97% of value for NHS.

Pay

Drugs

4,371 6,539 2,995

Other non pay

Total expenditure

EBITDA

(2,201)

Non operating income Non operating expenditure

1,544

25

(Surplus) / Deficit Exclude impairments

(632)

0

Exclude charitably funded capital donations Exclude donated CEF grant income

0 0 0 0 0

438

438

0

0

Exclude donated depreciation

(3,550)

(3,431)

119

Exclude consumables donated from DHSC

0 0 0

0 0 0

Exclude contributions to expenditure - inventory donated Exclude gains/(losses) from transfers by absorption Adjusted financial performance (surplus) / deficit

(0)

(75)

(75)

Exchequer Cash Balances 2022-23

£25,000 £50,000 £75,000 £100,000 £125,000 £150,000 £175,000 £200,000

Cash balances

£'000

58

Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23

34