Financial management and reporting
Supporting NHS finance staff with the preparation and audit of the annual report and accounts, mid-year financial reporting and year-end forecasting.
Looking for year-end resources?
The HFMA have collated all of its resources focused on the production of the 2023/24 annual report and accounts into one place.
Policy and guidance
An overview of commissioning for specialised services, and the move of responsibility for some specialised areas to integrated care boards.
This paper is intended to update HFMA members on developments in financial reporting that may affect them as finance professionals working in the NHS.
NHS bodies’ audit reports have been qualified due to failures to meet the requirements of Managing public money.
The map brings together the key guidance and models to support effective corporate governance within the NHS.
This briefing explores ethical dilemmas facing NHS finance staff, ethical requirements and maintaining ethical standards.
A comprehensive guide of how the NHS finance regime works, as well as the wider landscape in which it operates.
This map provides a quick reference guide to key guidance documents, national statistics and data from across healthcare systems and think tanks.
Our detailed directory of all the resources the HFMA has on offer.
The example has been updated to reflect the changing financial landscape, to flag future changes to guidance, and minor changes.
NHS organisations are using robotic process automation (RPA) in a range of clinical and non-clinical areas, to streamline administration tasks.
This round-up is a brief update on the issues discussed at the HFMA’s VAT Sub-committee as well as other VAT/ tax issues in the NHS.
Charities trustees should assess whether their charity is a going concern. This briefing provides practical guidance on making this assessment.
The briefing sets out the NHS environmental sustainability commitments and reporting requirements across the United Kingdom.
This briefing summarises the current audit context and shares top tips to plan for an audit that runs as smoothly as possible.
This short paper is intended to support audit committee members to easily understand the range of external audit reports and additional powers.
This paper sets out the remuneration report requirements, along with references to additional guidance and issues for NHS bodies to consider.
This paper covers: what a good year-end working paper looks like; good practice arrangements; and some key issues to consider for 2023/24.
Charity regulation is varied and complex - this briefing highlights key announcements that might affect NHS charities throughout the UK.
This briefing set out for members what the head of internal audit opinion is and why it is important, along with key requirements and considerations.
This briefing provides members with key year-end reminders for the 2023/24 annual report and accounts.
There is one major change, for NHS bodies to meet the requirements of phase one of the implementation of the Task Force on Climate Related Disclosures
Based on conversations with auditors and preparers, this briefing gives some hints and tips on preparing a well-tailored annual report and accounts.
An explanation for those not involved in producing the annual report and accounts why they should take action when asked for information for it.
The HFMA is broadly supportive of the proposals but members are very concerned about the impact on their bottom line and capital allocations.
The HFMA has responded to the consultation on the changes to the NHS standard contract for 2024/25
The HFMA has responded to the consultation on the 2024/25 NHS payment scheme.
This supplement showcases the 2023 winners and those shortlisted for awards. The winners were announced during the HFMA annual conference in December.
The consultation proposes the development of a streamlined, principles-based code - something that the HFMA supports.
This round-up is a brief update on the issues discussed at the HFMA’s VAT sub-committee. We aim to publish it after each VAT sub-committee meeting.
NHS bodies will be required to apply IFRS 17 from 1 April 2025. So, they will need to assure themselves that they have identified all such contracts.
News and analysis
The NHS has become used to being front and centre in election battlegrounds over the years. But social care is less accustomed to the limelight.
The NHS in England ended 2023/24 with an underspend of £30m – just 0.01% under plan, according to draft accounts.
Delays to the government’s New Hospital Programme are costing the NHS millions of pounds every month, according to NHS Providers.
The Department of Health and Social Care must return to publishing its accounts before the summer recess and set out a timetable for achieving this.
The Northern Ireland Executive has agreed a Budget for 2024/25 with no department receiving the level of funding it bid for.
Research by the Liberal Democrats has shown that more than 2,000 NHS hospital buildings in England were built before the service was founded in 1948.
With just two months of the financial year to go, NHS systems were on course for a £1.1bn overspend for 2023/24, NHS England revealed last week.
A new independent body should be set up to monitor NHS performance and to inform the setting of NHS budgets for the medium and long term.
A capital incentive scheme that aims to boost A&E performance has been labelled as divisive by healthcare leaders.
Chancellor Jeremy Hunt’s spring Budget held two big announcements for the NHS.
Upcoming events
Welcome to an exclusive HFMA lunch and learn session spotlighting the success story of the finance team at Oxford University Hospitals NHS Foundation
NHS Annual Planning and Financial Recovery
HFMA London Branch, SDN and London Finance Academy look forward to welcoming you to the Annual conference 2024
This conference will keep all those involved with NHS charities up to date with any changes to practices and procedures.
This forum will bring together national updates, topical issues, best practice examples and networking opportunities.
This conference provided those responsible for financial reporting the opportunity to start to plan for the financial year-end.
The Institute’s annual costing conference provides the NHS with the latest developments and guidance in NHS costing.
On-demand events
The HFMA West Midlands Branch would like to invite you to attend the 2024 annual conference!
Hear about topical issues and a diverse range of subjects, the opportunity to connect with colleagues followed by a boat tour of Brighton Marina.
The session is designed to cover the overarching principles of VAT and how VAT works within the NHS.
This half-day online forum brought together the finance functions from across the four nations.
This webinar explores the correlation between employee health and organisational financial savings.
This course has been designed to provide an update on current employment tax issues, which will help employers to understand and mitigate their risk
The Institute’s annual costing conference provides the NHS with the latest developments and guidance in NHS costing.
This online event offers indispensable practical insights and serves as a valuable platform for audit committee chairs and members to engage
This event was for senior NHS finance and healthcare professionals and provided delegates with the know-how to begin applying value in practice.
Zeeshan Muhammad developed a costing reporting dashboard on Qlikview platform. This session will outline the salient features and uses of the NCC app