Delivering best value
Good financial management and strong governance
provide the foundation for the delivery of high quality health
services. Our ability to make efficiency savings for more than a
decade has enabled us to invest in our hospital infrastructure that
puts us in a good position to continue improving the care we
provide into the future.
Working together, we delivered a healthy financial outturn for
2015/16. This is a good result, the thirteenth year the Trust has
achieved break-even or better and the eighth year of our financial
strategy as a foundation trust. During the year the Trust achieved
an income and expenditure surplus of £3.46m before technical items,
efficiency savings of £16.44m, a year-end cash position of £74.011m
and we have a strong balance sheet resulting in a Continuity of
Services risk rating of 4 from regulator Monitor.
The Trust Board receives a finance report every month which is
published as part of the Trust Board papers.