FINANCE UPDATE Council of Governors Report at end of March 2017 and an overview for 2017/18

2016/17 Unqualified Audit Opinion for Annual Accounts Control Total met – plan operational deficit of £3.8m; actual operational deficit of £3.7m £23.4m CIP identified out of a total of £29.9m Agency Spend £22.0m against a target of £19.1m (previous years spend £33.0m) £22.0m invested in Capital improving services to patients

2016/17 – Y/End Position Plan Actual £ m’s £ m’s Planned Financial Deficit (3.8) (3.7) STF Funding 2.7 2.70 CONTROL TOTAL DEFICIT (1.1) (1.0) Surplus from Disposal of Property 5.5 Allocation from the 2nd distribution of STF Funds (released last week of March) 5.6 Additional Bonus 1.3 SURPLUS/(DEFICIT) AFTER STF AND PROPERTY DISPOSAL SURPLUS 11.4 Operational Deficit (3.7) Property Disposal Surplus 5.5 STF Funds 9.6 YEAR END SURPLUS/(DEFICIT) 11.4

J M J J 2017/18 Financial Plan Balanced Plan CIP Plan Agency Target Aim to meet control total of break-even (before STF) Balanced Plan M CIP Plan 6% target with over £6m of CIP plans still to be identified J Current performance is in line with trajectory Agency Target J Capital Plan Plan is in line with funds available