The Christie NHS FT Annual Report & Accounts 2019-20
Consolidated Accounts of The Christie NHS Foundation Trust 2019-2020
13.4 Other financial assets
NHS Foundation Trust
Group
NHS Foundation Trust
Group
2018-2019
2018-2019
2019-2020
2019-2020
£000
£000
£000
£000
60
8
Other financial assets at 31 March
19
3
The Trust invested £1,000k and The Christie Charitable Fund invested £6,500k in a term deposit account with Kaupthing Singer & Friedlander in 2008, prior to the bank being put into administration. Based on the Administrator's assessment in 2008-09 these assets were initially impaired to £500k and £3,250k respectively (50p in the £ recovery) at 31 March 2009. The Administrator has since improved his assessment of the potential recovery and at 31 March 2020 this stood at £867.5k and £5,638.75k respectively (86.75p in the £ recovery). The total of declared and received dividends at 31 March 2020 amounts to £866.7k and £5,633.55k respectively (86.67p in the £). On 31 March 2020 the Administrator's declared a twentieth dividend of £1.7k and £11.05k which was paid on 1 April 2020. The Administrator's assessment of the outstanding valuation after declaration of the twentieth dividend is £0.8k and £5.2k respectively.
14.1 Cash and cash equivalents
NHS Foundation Trust
Group
NHS Foundation Trust
Group
2018-2019
2018-2019
2019-2020
2019-2020
£000
£000
£000
£000
94,283 63,795
35,413 68,505
Balance at 1 April Net change in the year
158,078 49,376
103,918 41,998
158,078
103,918
Balance at 31 March
207,454
145,916
Broken down into:
3,633
75
Cash at commercial banks and in hand Cash with the Government Banking Service
3,150
36
124,445 30,000
73,843 30,000
189,304 15,000
130,880 15,000
National Loans Fund
158,078
103,918
Cash and Cash Equivalents as in Statement of Financial Position
207,454
145,916
14.2 Analysis of changes in net (debt)/ funds
Group
1 April 2019
Movement in year
31 March 2020
£000
£000
£000
Cash at bank and in hand
158,078
49,376
207,454
Debt due within one year
(3,740)
(69)
(3,809)
Debt due after one year
(59,486)
2,170
(57,316)
Total net funds
94,852
51,476
146,328
NHS Foundation Trust
1 April 2019
Movement in year
31 March 2020
£000
£000
£000
Cash at bank and in hand
103,918
41,998
145,916
Debt due within one year
(3,740)
(69)
(3,809)
Debt due after one year
(59,486)
2,170
(57,316)
Total net funds
40,692
44,099
84,790
34 196
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