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Annual General Meeting 2014: PresentationsTRANSCRIPT
Agenda• Welcome, introduction and apologies
• Chief Executive’s Report– Annual Review
• Finance Report– Annual Accounts
• Questions and Answers
Frances StreetChairman
Simon Gilby
Chief Executive
Annual Review
• Safe high quality services delivered by skilled, professional and dedicated staff
• 1.1 million patient contacts across our core services
• Five routine CQC inspections – passed without conditions
• Met or exceeded the majority of contractual targets
• Productive relationships with commissioners
Annual Review
• Continuing to listen to patients and staff
• 97% of patients would recommend our services to friends and family
• Improved the way we manage and use feedback
• Achievement of our quality objectives outlined in our Quality Account 2013/14
• Development of our five year business strategy
Annual Review
• Increase in the number of staff who would
recommend the Trust as a place to receive treatment
• Above average number of staff reporting job satisfaction for working in a community trust in the National NHS Staff Survey
• Over 4500 members and 100 volunteers
Looking forward
• Rising patient expectations• Improved outcomes for patients and better
engagement• People are living longer• 30,000 people aged 65+ with a long term illness• Focus on highest quality community services at
the heart of our ambitious plans
Looking forward
• Clear link between what our staff do, our business plan and commissioner expectations
• Foundations for sustainability• Flexible and responsive organisation
• Maintain quality in a challenging economic climate
• Continue to be preferred provider for existing core business
Foundation Trust
September 2014:Chief Inspector of Hospitals - CQC Inspection
Late October / mid November:CQC Inspection report / end of review
Expected March 2015:Trust Development Agency (TDA) Final approval and passed to Monitor
Expected April – December 2015:Monitor assessment and FT approval (6-9months)
An organisation of skilled, committed, caring and well-led staff who are working hard to deliver safe, responsive and effective care – day in day out
Roy Jackson
Interim Director of Finance & Development
Annual Review-Finance
• Achieved all of our Statutory Financial Duties for a third year
• Received £69.8m for delivering healthcare services across Wirral and beyond
• Delivered a surplus of £923k (excluding property impairments)
• Invested £1,059k on capital and infrastructure items
• Delivered £3.3m of efficiency savings
Where does our funding come from?• Received £69.8m for delivering healthcare services to
patients• Total income comes from the following sources:
Clinical Commissioning Groups (CCGs) - £49.0m
NHS England - £9.5m
Local authorities - £7.7m
Non NHS patient care - £0.3m
Education, training and research - £0.3m
NHS Foundation Trusts - £2.0m
Other revenue - £1.0m
How do we spend our funding?
Employee Costs - £45.3m
Purchase of healthcare from non NHS bodies - £0.6m
Board Members £0.6m
Supplies and services - £9.7m
Establishment - £2.5m
Premises & Transport - £7.8m
Depreciation - £0.9m
Impairment £9.3m
Other - £1.5m
• Spent a total of £68.9m in the delivery of our
services to patients + £9.3m accounting impairment
• £45.3m was spent on staff costs
Statutory Duties
Statutory Duty Target Planned Performance Actual Performance
Break Even Duty Break-even £900k Surplus £923k Surplus
Capital Cost Absorption Rate 3.5% 3.5% 3.5%
Capital Resource Limit £1,059k or less £1,059k £,1059k
External Financing Limit £663k or less (£621k) (£621k)
Our Financial Future• Effective financial planning key to our future as an
aspirant Foundation Trust • Significant financial challenges ahead
• Deliver a further £3.3m costs savings in 2014/15 through cost improvement plans
• Release of 23% of total costs by 2018/19
• Build long term organisational sustainability
Thank you to Trust staff
• Our 2013/14 financial success was aided by staff
seeking to optimise the use of all our resources.
• Our on-going cost improvement challenge will be
achieved with your help & assistance.
• Whilst continuing to ensure our quality of care is not compromised in delivering savings and efficiencies