Financial Management in the NHS: NHS (England) Summarised Accounts 2004-05
The Stationery Office, Jun 7, 2006 - Business & Economics - 85 pages
This report examines in detail the 2004-05 revenue situation of NHS organisations and considers key financial management and reporting issues facing the NHS both currently and in the future. Jointly prepared by the National Audit Office and the Audit Commission, the report incorporates the findings of their audit work on the NHS summarised accounts, the consolidated account of NHS foundation trusts, the Department of Health's resource account and the accounts of individual NHS organisations, as well as the unaudited NHS revenue out-turn for 2005-06 as reported by the Department of Health and Monitor. Findings include that in 2004-05, the Department reported a deficit across the NHS as a whole for the first time since 1999-2000, with an aggregate overspend for all NHS bodies of £251.2 million, with 171 out of 615 bodies recording a deficit or overspend, with 68 out of 259 NHS trusts failing to break even, and with 90 out of 303 primary care trusts exceeding their revenue resource limits.
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Emma Knowles with assistance from
7798 7400 Performance of Strategic Health Authority areas
Returning to financial balance
For further information about
Causes of deficits
Role of Boards and management reporting
National Audit Office
Audit Commission 2006
accounts of NHS adjustments appointed auditors arrangements assessment Audit Commission auditors reported Authorities and Primary Bradford Teaching Hospitals break-even budget cash clinical negligence Comptroller and Auditor consolidated accounts cost cumulative deficit Department of Health Department's double deficit ensure excluding NHS Foundation Figure financial performance financial recovery plans financial support Health Authority areas health economy Healthcare Hospital NHS Trust identified impact implementation improve in-year increase individual NHS bodies issues million Monitor National Audit Office NHS Bank NHS bodies NHS Foundation Trusts NHS organisations NHS summarised accounts NHS Trusts number of NHS operational out-turn Payment by Results practice-based commissioning Primary Care Trusts Public Interest Report Queen Elizabeth Hospital reported a deficit resource accounts resource limit breaches return to financial revenue resource limit risk service level agreements Stamford Hospitals Strategic Health Authorities surplus transparency Trusts and NHS Trusts and Primary turnaround unaudited year-end underspend University Hospitals