divided between NHS £1,213k, Private Patients £88k and non NHS £367k. Debts over 250 days represent £91k which is 5.5% of the total debt. Creditors 5.8.4 The measure for the better payment practice code is to pay all NHS and creditors within 30 calendar days of receipt of goods or a valid invoice (whichever is later), unless other payment terms have been agreed. The compliance is for at least 95% of invoices to be paid (by the bank automated credit system or date and issue of a cheque) within thirty days, or within agreed contract terms. The year to date performance against the target is: 5.9 Capital Programme and Performance against Capital Resource Limit 5.9.1 The Trust will operate within its Capital Resource Limit and detailed capital programme management will enable the capital expenditure to be delivered within resources and the Trust’s cash plans for the year. The Capital Planning Committee continues to monitor the capital priorities and projects and the detail is included on Appendix D 5.9.2 As at 31st May 2015 there has been £585k of capital expenditure. 5.10 Foundation Trust Continuity of Services Risk Rating 5.10.1 The Continuity of Services risk rating metrics, if the Trust was operating as a Foundation Trust, as at the 31st May 2015, scores a level 1. The liquidity ratio is (17.8) days and scores a level 1. The calculation for the Continuity of Services Risk Rating is detailed below, the annual plan and year to date for the Trust scores a 1. This is due to the Trust’s overall financial sustainability issues. 5.11 Recommendation The Board is asked to note the Trust’s Month 2 financial performance for 2015/16 regarding the revenue, capital and cash positions.
divided between NHS £1,213k, Private Patients £88k and non NHS £367k. Debts over 250 days represent £91k which is 5.5% of the total debt. Creditors 5.8.4 The measure for the better payment practice code is to pay all NHS and creditors within 30 calendar days of receipt of goods or a valid invoice (whichever is later), unless other payment terms have been agreed. The compliance is for at least 95% of invoices to be paid (by the bank automated credit system or date and issue of a cheque) within thirty days, or within agreed contract terms. The year to date performance against the target is: 5.9 Capital Programme and Performance against Capital Resource Limit 5.9.1 The Trust will operate within its Capital Resource Limit and detailed capital programme management will enable the capital expenditure to be delivered within resources and the Trust’s cash plans for the year. The Capital Planning Committee continues to monitor the capital priorities and projects and the detail is included on Appendix D 5.9.2 As at 31st May 2015 there has been £585k of capital expenditure. 5.10 Foundation Trust Continuity of Services Risk Rating 5.10.1 The Continuity of Services risk rating metrics, if the Trust was operating as a Foundation Trust, as at the 31st May 2015, scores a level 1. The liquidity ratio is (17.8) days and scores a level 1. The calculation for the Continuity of Services Risk Rating is detailed below, the annual plan and year to date for the Trust scores a 1. This is due to the Trust’s overall financial sustainability issues. 5.11 Recommendation The Board is asked to note the Trust’s Month 2 financial performance for 2015/16 regarding the revenue, capital and cash positions.
Agenda%20Item%201009%2015%20%20Integrated%20Performance%20Report.docx