Costs for management and administration
Full details can be found in the section entitled
"Summary Financial Statements" on this page.
The Trust applied the nationally agreed pay increase to all staff and therefore complied with the Secretary of Stateís requirement that pay increases for managers overall should not exceed 3.6%. The pay increase was in fact 3.225%. The Trust has a well-established Joint Consultative Committee, which provides a monthly forum for managers and staff side representatives to discuss and agree any changes to working arrangements or terms and conditions of employment.
Retirements due to ill health
During 2004/05 there were seven (prior year 2003/04: six) early retirements from the Trust agreed on the grounds of ill health. The estimated additional pension liabilities of these ill-health retirements will be £348k (2003/04: £145k). The cost of these ill-health retirements will be borne by the NHS Pensions Agency. A copy of our full accounts is available. Please contact our Director of Finance on 01442 217612.
Income from Primary Care Trusts
The Trust obtains about £150m of its income from the four West Herts PCTs with Watford having the largest share at £60m and Hertsmere the smallest at £10m. Thereafter, Hillingdon PCT accounted for £11m and Harrow PCT
some £4m. In total the Trust had SLAs with 93 PCTs covering Surrey, Sussex, Kent, Berkshire, Buckinghamshire, Bedfordshire, Hertfordshire, North
London, parts of Essex and the Midlands as far north as Barnsley.
The Audit Commission acts as the Trustís External Auditor. Audit fees per the 2004-05 accounts were £222k. There were no further assurance or other audit services.
The Trust follows recognised NHS accounting policies. The NHS is currently moving all staff to a single pay spine (Agenda For Change) which requires all staff to be assimilated by 1 October
2005. A provision has been made within the Trustís budget as only a proportion of staff have been moved to the new pay scale. At this time the full impact of Agenda For Change is unknown.