The Christie Foundation Trust Annual Report and Accounts 2021-22

Consolidated Accounts of The Christie NHS Foundation Trust 2021-2022

8. Finance costs and finance revenue

8.1 Finance income

NHS Foundation Trust **

Group **

Group

NHS Foundation Trust

2021-2022 2021-2022

2020-2021 2020-2021

£000

£000

£000

£000

Bank interest receivable*

185

152

(13)

(32)

Interest on loans and receivables

0

0

3

17

Total

185

152

(10)

(15)

* In 2021-22 interest has been received from the Government Banking Service (GBS) account and the commercial account from December 2021 onwards. Average interest rates were 0.31% (2020-21 0%) on the Government Banking Service (GBS) account and 0.15% (2020-21 0%) on the commercial accounts .

** In 2020-21 the interest received was minimal due to the interest rate dropping to 0%, this resulted in an over-accrual as at 31st March 2020, hence the positive figure reported in the prior year 2020-21

8.2 Finance costs - financial liabilities

NHS Foundation Trust

Group

Group

NHS Foundation Trust

2021-2022 2021-2022

2020-2021 2020-2021

£000

£000

£000

£000

Interest on loans and overdrafts (note 16.2)

1,428

1,428

1,521

1,521

Unwinding Discount on provisions (note 17)

(2)

(2)

2

2

Total

1,426

1,426

1,523

1,523

9. Intangible assets

All Intangible Assets of The Christie NHS Foundation Trust Group are held by The Christie NHS Foundation Trust. Neither The Christie Charitable Fund nor The Christie Pharmacy Limited hold any Intangible Assets.

9.1 Intangible assets

Group 2020-21

Group 2021-22

IT (Internally generated and 3rd Party)

Software purchased

Software purchased

Total

Total

£000

£000

£000

£000

£000

Gross cost at 1 April Additions - Purchased Gross cost at 31 March

3,025

0

3,025

3,025

3,025

390

401 401

791

0

0

3,415

3,816

3,025

3,025

Accumulated Amortisation Accumulated amortisation at 1 April

3,020

0 0 0

3,020

2,981

2,981

Charged during the year

5

5

39

39

Accumulated amortisation at 31 March

3,025

3,025

3,020

3,020

Net book value - purchased at 31 March

390

401

791

5

5

1 18 5