Mid Cheshire Hospitals NHS Foundation Trust 2017 Annual Members’ Meeting

Welcome and Introductions Dennis Dunn MBE Chairman

Chairman’s Report Dennis Dunn MBE Chairman

Annual Report and Quality Accounts 2016/17 Summary of the Year Annual Report and Quality Accounts 2016/17 Tracy Bullock Chief Executive

Agenda 1. Welcome and Introductions Dennis Dunn Chairman 2.   1. Welcome and Introductions Dennis Dunn Chairman 2. Minutes of the Annual Members meeting - held on 6 October 2016 3. Chairman’s Report Appointments made to Directors and Governors Results of the 2016 & 2017 Governor Elections Changes to the Constitution 4. Chief Executive’s Summary Report of 2016/17 - including the Annual Report and Quality Account Tracy Bullock Chief Executive 5. Financial Report - including presentation on Annual Accounts and Auditors Report 2016/17 Mark Oldham Director of Finance 6. Questions and Answers

Annual Report and Accounts for year ended 31st March 2017 Mr Mark Oldham CPFA Director of Finance and Strategic Planning

Income & Expenditure - Reported Surplus of £1.5M - £2.2M exceptional items associated with redistribution of STF funds - Normalised deficit of £0.6M against planned £0.8M deficit - Key variances are associated with £1.2M surplus generated from acquisition of Community services Contract settlement at year end £1.5M

Compliance Accounts formally laid before parliament Control Total hit and all STF received Unqualified External Audit opinion on Accounts “Substantial assurance” on systems of internal control Cash balance remained positive throughout the year 68% of trade invoices by value paid within terms

Investments Capital additions include: Ophthalmology Developments. Completed 2nd MRI Scanner Refurbished Ward 11 and Ward 16 Continued programme of backlog maintenance and asbestos removal £0.5M of new leases including medical equipment

Cash Management Cash improved in the year from £0.8M to £5.8M, in line with expectations Substantial cash support in year with £8M Working capital facility put in place during the year. £5.1M converted to a longer term borrowing facility £3m working capital at year end. Additional £1.8M borrowing to support capital investment £1.5M leases £0.3M capital borrowing previously agreed.

Future Challenges Efficiency savings increasing due to pressures on balancing public expenditure, expect a further 2% each year until at least 2019/20 Local health economy significantly challenged financially now included under the capped expenditure programme Maintaining the quality agenda (7/7 working) Investments required to maintain the infrastructure are significant, need to support the financing costs. Rapidly changing and fluid regulatory framework with greater top down directives.

Questions and Answers Dennis Dunn MBE Chairman

Closing Remarks Dennis Dunn MBE Chairman