Remuneration disclosures

Accounting policies for pensions and other retirement benefits are set out in note 1.6.2 of the accounts and details of senior employees’ remuneration can be found on the following page, all of which is subject to audit.

NHS foundation trusts are required to disclose the relationship between the remuneration of the highest paid director in their organisation and the lower quartile, median and upper quartile remuneration of the organisation’s workforce.

The banded remuneration of the highest-paid director in the organisation in the financial year 2023/24 was £190,000-£195,000 (2022/23, £160,000-£165,000). This is an increase of 17% on the previous year and in line with 2021/22 levels (2022/23, 15% decrease).

Total remuneration includes salary, non-consolidated performance-related pay, benefits-in-kind, but not severance payments. It does not include employer pension contributions and the cash equivalent transfer value of pensions.

Of the percentage change in highest-paid director remuneration, 17% was in relation to salary and allowances and 0% in relation to performance related pay. (2022/23, 0% in relation to salaries and allowances and a decrease of 53% in relation to performance related pay).

For employees of the Trust as a whole, the range of remuneration in 2023-24 was from £8,000 to £391,071 (2022/23 £9,405 to £344,163). The percentage change in average employee remuneration (based on total for all employees on an annualised basis divided by full time equivalent number of employees) between years is 0% (2022/23, 7%).

Of this percentage change, there was a 0% increase in salaries and allowances and a 13% decrease in performance related pay. (2022/23, 7% increase in salaries and allowances and 18% decrease in performance related pay.) Since the COVID-19 pandemic in 2020/21, an increase in agency and bank staffing has driven an increase in average salaries. This increased staffing has continued to present day.

The percentage decrease in average performance related pay is driven by an increased staff complement who are not receiving performance related pay. There continues to be greater numbers of clinical staff receiving lower value clinical excellence payments than in previous years. For staff receiving national Clinical Excellence Awards, these payments have increased in year.

Eight employees received remuneration in excess of the highest-paid director in 2023-24. (2022/23, 13 employees). 16 employees were paid over £150,000 (2022/23, 13). They consisted of one Chief Executive, one Medical Director, one Deputy Medical Director, one Associate Medical Director, one Associate Medical Education Director, four clinical directors and seven consultant psychiatrists. (2022/23, one deputy medical director, one associate medical director, four clinical directors, and seven consultant psychiatrists (on payroll)).

The remuneration of the employee at the 25th percentile, median and 75th percentile is set out below. The pay ratio shows the relationship between the total pay and benefits of the highest paid director (excluding pension benefits) and each point in the remuneration range for the organisation’s workforce.