Public Board of Directors papers 29.09.22

5. Well-Led

5.1 - Finance (Executive Summary)

YTD Budget YTD Actual

Variance

£'000

£'000

£'000 (803) (717) (299)

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

NHS Clinical - Block Contract Income

(115,383) (24,652)

(116,186) (25,369)

NHS Clinical Income

Charitably funded capital donations

0 0

(299)

Donated CEF grant income Other non clinical income

(0)

(0)

(26,209) (166,244) 78,241 41,530 37,974 157,745 (8,499) (2,397) 18,701

(24,441) (166,295) 72,198 43,652 40,154 156,004 (10,291) (1,037) 18,712

1,768

Income

(51)

I&E • The trust is reporting a month 5 position of £57k surplus compared to a breakeven plan within the latest plan submission of an annual break even control total. • The in month position for month 5 was a £48k deficit against a break even plan. • The month 5 I&E deficit is £7,384k, prior to adjusting for donated depreciation, charitably funded capital donations, donated grant income, donated consumables, transfers by absorption and impairments. • 2022-23 CIP - £3.2m has been identified at this stage against a recurrent 22/23 CIP plan of £7.3m. Balance sheet / liquidity • The cash balance is £173,646k. • Debtor days has reduced to 8 days from 9 days the previous month. • Capital expenditure is 6.8% above the NHSI plan. Some schemes are ahead of plan but balanced by the IFRS 16 leases yet to be committed. Other • No profit from TCPC is realised at month 5 22-23 and is not expected until TCPC have generated their contractual agreed value, in line with previous

Pay

(6,043)

Drugs

2,123 2,180

Other non pay

Total expenditure

(1,741) (1,792)

EBITDA

Non operating income Non operating expenditure

1,360

10

(Surplus) / Deficit Exclude impairments

7,806 (5,833)

7,384 (5,833)

(422)

0

Exclude charitably funded capital donations Exclude donated CEF grant income

0 0 0 0 0

299

299

0

0

Exclude donated depreciation

(1,972)

(1,906)

66

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)

(57)

(57)

years this is to be expected in quarter 3 of this year. • 30 day PSPP is at 98% for trade and 98% NHS.

63

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