The annual report and accounts give an overview of the resources the Department of Health is responsible for and how the department has used these resources to fulfill its statutory functions in 2014 to 2015. The document also includes the Secretary of State’s annual report on the performance of the health service in England.
The Secretary of State may give financial assistance to any NHS foundation trust (FT), including loans, public dividend capital, grants or other payment. The Secretary of State may also guarantee the payment of any amount payable by an FT under an externally financed development agreement. He has similar powers to provide financial assistance to NHS trusts under Schedule 5 of the NHS Act 2006. ‘Financial assistance under section 40 of the National Health Service Act 2006’ sets out the detail of how this power has been exercised in the financial year 2014 to 2015.