1. Mid Cheshire Hospitals NHS Foundation Trust
2017 Annual Members’ Meeting

2. Welcome and Introductions
Dennis Dunn MBE
Chairman

3. Chairman’s Report
Dennis Dunn MBE
Chairman

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

5. 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

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

7. 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

8. 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

9. 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

10. 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.

11. 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.

12. Questions and Answers
Dennis Dunn MBE
Chairman

13. Closing Remarks
Dennis Dunn MBE
Chairman