The loans issued to NHS trusts on 22 March 2007 will be repaid in accordance with the loan terms shown in the following table:
Organisation name Loan value (£000) Loan term (years) Ashford and St. Peter’s Hospitals NHS Trust 14,700 6 Avon and Wiltshire Mental Health Partnership NHS Trust 5,000 5 Barnet and Chase Farm Hospitals NHS Trust 17,500 4 Bolton Hospitals NHS Trust 4,500 3 Brighton and Sussex University Hospitals NHS Trust 29,322 6 Chelsea and Westminster Hospital NHS Foundation Trust 6,250 2 East and North Hertfordshire NHS Trust 7,800 5 East Cheshire NHS Trust 7,000 3 East Sussex Hospitals NHS Trust 4,000 4 Epsom and St. Helier University Hospitals NHS Trust 14,000 3 George Eliot Hospital NHS Trust 6,800 5 Heatherwood and Wrexham Park Hospitals NHS Trust 3,000 4 Hereford Hospitals NHS Trust 3,279 3 Hull and East Yorkshire Hospitals NHS Trust 10,896 5 Humber Mental Health Teaching NHS Trust 1,500 2 Ipswich Hospital NHS Trust 23,400 7 Leeds Teaching Hospitals NHS Trust 6,604 2 Mayday Healthcare NHS Trust 11,000 3 Mid Essex Hospital Services NHS Trust 23,400 5 North Bristol NHS Trust 52,000 20 North Cheshire Hospitals NHS Trust 8,800 3 North Cumbria Acute Hospitals NHS Trust 12,000 15 North Middlesex University Hospital NHS Trust 15,000 5 North Tees and Hartlepool NHS Trust 10,000 1 North West London Hospitals NHS Trust 23,830 5 Northampton General Hospital NHS Trust 5,600 2 Nottingham University Hospitals NHS Trust 9,600 3 Nuffield Orthopaedic NHS Trust 1,000 2 Oxford Radcliffe Hospital NHS Trust 19,986 6 Oxfordshire and Buckinghamshire Mental Health Partnership NHS Trust 2,500 4 Plymouth Hospitals NHS Trust 8,415 2 Princess Alexandra Hospital NHS Trust 13,650 5 Queen Elizabeth Hospital Kings Lynn NHS Trust 6,300 3 Rob Jones and Agnes Hunt Orthopaedic NHS Trust 3,400 3 Royal United Hospital Bath NHS Trust 38,000 20 Sandwell and West Birmingham Hospitals NHS Trust 9,000 2 Scarborough and North East Yorkshire NHS Trust 7,646 5 Shrewsbury and Telford Hospital NHS Trust 12,299 3 South Central Ambulance Service NHS Trust 1,115 2 South Tees Hospitals NHS Trust 28,000 4 South Warwickshire General Hospitals NHS Trust 18,500 8 Southampton University Hospitals NHS Trust 25,000 4 St. George’s Healthcare NHS Trust 34,000 5 Surrey and Sussex Healthcare NHS Trust 56,000 25 The Royal West Sussex NHS Trust 23,000 14 Trafford Healthcare NHS Trust 1,700 3 United Bristol Healthcare NHS Trust 20,300 20 University Hospitals Of Morecambe Bay NHS Trust 6,500 3 West Hertfordshire Hospitals NHS Trust 11,200 5 West Suffolk Hospitals NHS Trust 1,950 3 Whipps Cross University Hospital NHS Trust 36,094 9 Winchester and Eastleigh Healthcare NHS Trust 5,000 4 Worcestershire Acute Hospitals NHS Trust 25,000 5 Worcestershire Mental Health Partnership NHS Trust 5,632 5 Worthing and Southlands Hospitals NHS Trust 17,005 8 Yorkshire Ambulance Service NHS Trust 2,908 1 Total 777,881 —
National health service trusts declare interest payable on the loans issued on 22 March 2007 in their annual financial statements under the ‘Interest Payable’ heading on the face of the Income and Expenditure Account, and provide a more detailed breakdown of this figure in the associated note to the financial statements.
Under national health service accounting policies, as set out in the NHS finance manual, NHS trusts are required to include the outstanding value of loan principal on their balance sheets from the time the loan is issued until such time as the principal is fully repaid.
The total interest payable in 2007-08 on the £777.881 million of loans issued to national health service trusts on 22 March 2007 is £38.705 million. The interest payable each year is calculated on the outstanding value of loan principal, and therefore reduces in future years as loan principal is repaid.