We all played our part and achieved our financial plan
There has been lots of positive action during 2018/19 which has meant that we’ve been able to deliver, and exceed, our financial target. In doing so we’re able to access £4.7m of national funding which can be used to support continued investment into our estate and technology.
This has helped to ensure that the Trust has had a healthy cash position throughout the year and been able to pay suppliers in a timely fashion; normally (98%) within 30 days and more quickly for small local providers who benefit from prompt payment.
All of our financial targets were met, and in fact exceeded. We had an underlying deficit issue which NHS Improvement asked us to reduce and we worked hard to tackle this. With the resulting provider sustainability funding we posted a £3.1m end of year surplus overall which we are able to invest in facilities. We now need to get back into a surplus position without that help.
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