Finance Regulatory assessment


In September 2016, NHS Improvement (NHSI), the independent regulator of NHS Foundation Trusts, replaced the Financial Sustainability Risk Rating with the Use of Resources Rating. For the first half of the year, our risk rating was determined at the end of each quarter on a four point scale, with 4 being the best rating.


Actual Plan 2016/17


Financial Sustainability Risk Rating (FSRR)


3 Q1 3 Q2 4 Q3 N/A


For the second half of the year, our Use of Resources Rating was determined at the end of each quarter, with 1 being the best rating and 4 the worst.


Actual Plan 2016/17


Use of Resources Rating 1 Q1 N/A Q2 N/A


Q3 1


Q4 2


Q4 N/A


Financial summary Year ending 31 March 2017


Income Clinical Income Other Income Total Income


Expenditure Staff Costs Drugs


Clinical Supplies Other non-pay Depreciation Interest


PDC Dividend


Net Impairments Costs Total Expenditure


Operating Surplus £ Million


334.6 50.8


385.4


244.8 41.5 35.5 40.6 8.3 0.3 4.7 5.0


380.7 4.7


Note: Public Dividend Capital (PDC) is a form of long term government finance that was provided to NHS trusts when they were formed to purchase the trust’s assets from the Secretary of State. A dividend is payable by trusts to the Exchequer to cover the expected return on the Secretary of State’s investment.


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