Modest surplus for Fairfield

Guy Pilkington Memorial Home Ltd, the charity owner of the Fairfield Independent Hospital in St Helens which provides treatment for acute surgical and medical patients, for the year ended 31 December 2011 produced what the Chairman describes as a modest surplus’ of £205,000 down from £248,000 in 2010. The first half of the year the chairman says was particularly difficult with reduced referrals and lower theatre utilisation. Insured patients were increased from some insurers and decreased from others and self pay patients increased over the year. The hospital has marketed itself more throughout the North West and and the Isle of Man by contacting GPs and advertising to the public. The second half of the year was better which enabled the surplus. Total incoming resources were up slightly to £9.4m (2010: £9.3m) but total costs were also marginally up £9.2m (2010: £9m) leaving net incoming resources of £206,000 lower than the £249,000 in 2010. Total funds at the year-end were £8.4m (2010: £8.2m). Net debt fell from £872,000 to £148,000.