What we spend and how we spend it
In this section:
Financial Reports
Funding
Salaries and payments
Allowances and expenses
Tendering and procurement
Procurement
Financial Reports
The Trust Board receives a Finance Report which contains Board Meeting information - Trust Board and Meetings.
Funding
Income and expenditure
A summary of our annual income and expenditure and our annual statement of accounts is recorded in our Annual Reports.
Salaries and payments
The following items are reported within the Trust's Annual Reports:
- Board members' and Governors' expenses
- Board members' remuneration
- The 'pay multiple' - the ratio between the highest paid salary and the median salary of the whole Trust's workforce
Allowances and expenses
Allowances and expenses paid to individual Board members and Governors are included in the Trust's Annual Reports.
Allowances and expenses that can be incurred or claimed by Trust employees are in line with standard NHS contracts.
These contracts can be found on the NHS Employers website.
Tendering and procurement
- Tenders awarded over £30,000 (please contact for more information)
- Tenders over £100,000 are advertised on the Official Journal of the Eurpoean Union OJEU
- Procurement and tendering procedures are contained within our Standing Orders
Procurement
The Procurement Department is responsible for the acquisition of all goods and services required by the Trust, with the exception of pharmaceuticals.
Our primary objective is to secure best value for money whilst ensuring the delivery of high-quality products and services that meet the needs of our patients, service users and colleagues. We are committed to supporting environmental sustainability, promoting equality, diversity and inclusion, and ensuring that all procurement activity reflects responsible and ethical business practices.
The department operates in accordance with the Trust's Standing Orders and Standing Financial Instructions, as well as relevant UK public procurement legislation and regulatory requirements. All procurement activity is undertaken in line with the Trust's ethical standards and governance framework. When supplying goods and services to the Trust a purchase order number will be required prior to providing the goods/services.
Our team comprises experienced procurement professionals, many of whom hold recognised professional purchasing qualifications. Through their expertise, they provide strategic and operational procurement support across the organisation.
The department is led by the Head of Procurement and delivers a comprehensive procurement service for Nottinghamshire Healthcare NHS Foundation Trust.
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