The Christie Foundation Trust Annual Report and Accounts 2021-22

Our financial performance

To address the urgent changes to services during the COVID-19 pandemic, additional Public Dividend Capital (PDC) was made available to the NHS. We benefitted from £3.7m PDC to fund such capital expenditure and received (at no cost) Personal Protective Equipment (PPE) and other medical equipment from the Department of Health and Social Care (DHSC).

facility has continued throughout 2021/22 and will be completed in 2022/23. The Trust has continued to invest in information technology and the estate maintenance programme that ensures our infrastructure continues to support effective patient care.

Cash flow and balance sheet We ended the year with cash and investments balance of £150.9m (£200.6m for the Group). The Group cash balance has decreased from the prior year. The Trust Balance has a slight decrease from the prior year value of £151.8m (£212.0m for the Group). The main reason for the Group reduction is due to the payment for the donated capital assets mainly relating to The Christie@Macclesfield development. Public sector payment policy – better payments practice code In accordance with the Better Payments Practice Code and government accounting rules, the Trust’s payment policy is to pay creditors within 30 days of the receipt of the goods or a valid invoice, whichever is the later, unless other terms have been agreed. The Trust paid 89% of non NHS trade invoices by value within 30 days. Trading environment and financial risks The COVID-19 pandemic has had and continues to have a significant impact on the UK and worldwide. It has impacted on all the Trust Group operations and investments in 2021/22, however the extent and future impact will vary

across the group and investments and cannot yet be determined. Going concern After making enquiries, the Directors have a reasonable expectation that the Trust has adequate resources to continue in operation for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts. External audit services Following a procurement process, Grant Thornton LLP were appointed as our external auditor on 1st September 2021 for a period of three years. We incurred £114k, (£156k for the Group) in audit service fees in relation to the statutory audit of our accounts for the period ending 31 st March 2022. Crowe UK LLP are the external auditors appointed to the Charity. Non-audit services provided by the auditor Our external auditor provides non-audit services in limited circumstances in accordance with a policy recommended by the Audit Committee

34