2015/16         Practice    
    Income Expenditure   Income    
FINANCIAL YEAR ENDED 30/06/2015 £ £        
Total per partnership accounts (page 3) 1,090,590 530,627   559,963    
Personal expenses     6,188        
Rent and rates   (112,344) (44,982)        
Personally administered drugs   (35,836) (13,509)        
Salaried GPs     (38,399)        
Locum cover     0        
    942,410 439,925 46.7% Expenses as % of income
Personally administered drugs   35,836 13,509        
    978,246 453,434        
Other NHS Income   56,167          
Non-NHS Income   28,136          
Locally commissioned services   23,480          
Expenses on non-core income 46.7%   (50,314)        
    870,463 403,120 Profit therefore 467,343  
Number of GPs           5  
Mean Earnings of all GPs in the practice     £ 93,469  

NHS England require that the net earnings of doctors engaged in the practice is publicised and the required disclosure is shown below. However, it should be noted that the prescribed method for calculating earnings is potentially misleading because it takes no account of how much time doctors spend working in the practice and should not be used to for any judgement about GP earnings, nor to make any comparisons with other practices. The average earnings for GPs working in the Grangewood Surgery in the last financial year was £93,469 before taxation and National Insurance. This is for 5 part time GPs who worked in the practice for more than 6 months.

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