Page 10 - Calderstone AR 2015
P. 10
10 Calderstones Partnership NHS Foundation Trust Yearbook 2014 - 2015
Governance and Financial Ratings
Financial Results
The Statement of Comprehensive Income shows the organisation had a total operating income of £46.7m in 2014/15 and returned a surplus for the year of £0.077m. These figures are after taking account of the following items:
• during the year the total value of our non-current assets increased by £3.0m net which includes upgrades and additions to our assets of £1.4m and a net increase in the value of assets of £3.7m due to a revaluation of our estate carried out by the District Valuer. There were also impairments and depreciation charges that reduced the value of our assets.
The Trust’s Forward Annual Plan for 2014/15 set a target Monitor Continuity of Service Risk Rating (COSRR) of at least 3 and red rating for Governance. Under the Risk Assessment Framework the Trust achieved a Continuity of Service Risk Rating of 4 and red rating for governance.
• income and expenditure for the year is stated inclusive of all transactions undertaken by Future Directions CIC, a wholly owned subsidiary of the Trust; and
• we delivered £1.134m in efficiency savings during 2014/15; the main sources of savings were the reconfiguration of Forensic, Clinical, Back Office and Support Services.
