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Better Payments Practice Code – GOING CONCERN
Measure of Compliance
The Trust’s financial plan for 2017/18 will achieve a
In line with other public sector bodies, NHS ‘normalised surplus’ of £22m and achieve a Use of
organisations are required to pay invoices within 30 Resources rating of 1.
days or within the agreed
payment terms whichever After making enquiries, the directors have a reasonable
is sooner. This is known
expectation that the Alder Hey Children’s NHS
as the Better Payment Foundation Trust has adequate resources to continue in
Practice Code. NHS trusts operational existence for the foreseeable future. For this
are required to ensure that reason, they continue to adopt the going concern basis
at least 95% of invoices are in preparing the accounts.
dealt with in line with this
code. Performance against POST BALANCE SHEET
this code is provided in the
table below. EVENTS
There are no material contingent liabilities or material
litigation as far as the Board is aware; to the extent
2017/18 2016/17 that if there is potential litigation it is believed that this
will be covered by the NHS Litigation Authority. For
% of Invoices Paid
88% 84% these reasons, the Trust continues to adopt the going
Within 30 Days
concern basis in preparing the accounts.
BOARD STATEMENT
Accounting Policies
The Directors consider that the Annual Report and
There have been no significant changes to our Accounts, taken as a whole, are fair, balanced and
accounting policies since authorisation as a foundation understandable and provide the information necessary
trust. We have complied with the cost allocated and for patients, regulators and stakeholders to assess
charging requirements set out in HM Treasury and Alder Hey’s performance, business model and strategy.
Office of Public Sector Information guidance and
followed the NHS costing manual and best practice The Board of Directors approved the foregoing
guidance published by NHS Improvement. The Finance Performance Report at its meeting on 22nd May 2018.
Department works with all financially significant
departments to use the activity information available Signed on behalf of the Board.
within the Trust and an established NHS costing
Louise Shepherd
package to appropriately allocate expenditure to
services and patients.
LOUISE SHEPHERD CBE
Chief Executive
22nd May 2018
Alder Hey Children’s NHS Foundation Trust 25 Annual Report & Accounts 2017/18
