St. Peter's Hospital
Some of the facts
The Trust faced a significant challenge in achieving financial balance and meeting service delivery targets for the year ending 31st March 2005. The Trust is in the process of identifying further measures to achieve the required level of income and expenditure reduction to achieve financial balance in 2005/06.The Trust was granted an extension from three to five years to achieve its cumulative breakeven duty. This was due to be met by 31st March 2005 but was not and the Trust has failed this duty. Following discussions with Surrey and Sussex Strategic Health Authority, they have agreed to discuss solutions with the Department of Health.The Trust received planned support in the financial year of £13m from the NHS Bank. In 2005/06, no support is expected from the NHS Bank. However, it is anticipated that £5m of planned support will be made available from Surrey and Sussex StHA.The Capital Cost Absorption Rate, External Financing Limit and Capital Resource Limit were all within accepted tolerances.
Details from the Ashford & St. Peter’s Hospitals NHS Trust Annual Report 2004/05 Financial Performance Ashford & St. Peter’s vision “We put people at the heart of everything we do” ?
- Posted by not either but ... on 21/11/2006.
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