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Our statement regarding our financial position

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We're surprised that this internal information has been shared as we haven't reached the end of the 2017/18 financial year.  As such it's very premature to be taking this message externally as this is part of our internal process for finalising our budgets for our next financial year, April 18 to March 19.  As a result of our actions the financial figure quoted has already improved significantly thanks to staff already coming forward with ideas for improving the draft position.

 

It's important to start with the message that services will not be affected and at no time has this ever been suggested.  Initial discussions were had at our regular, monthly senior team meeting, where ideas were sought to help us save money and make best use of the income we receive from our supporters, and to explore any new income ideas.

 

Service cuts were not discussed in any way - maintaining our services and delivering high quality patient care and carer support is very much our priority, and we have invested significantly in our services over the past three years.  Options were discussed in this confidential meeting and with staff recently coming forward with reduced hours requests, it would have been remiss of us not to have discussed reduced hours as an option and we included voluntary redundancy, as we believe some staff may be very happy to consider these options.

 

Saint Francis Hospice is not at risk - the CEO stressed that reducing the financial gap is of the utmost importance and is a risk to balancing our budget. Attendees were asked to prioritise this. We have healthy reserves, and although our income is growing thanks to our generous supporters, it remains a challenge to ensure this income growth continues.

 

As a charity we need to raise over £21,000 each and every day to ensure we can support our local community at the most important time of their lives. We're constantly reviewing how we spend our funding to ensure we are prioritising patient care, and with more than 70% of our income coming from the public, it is our responsibility to ensure the money raised and donated to us is spent in the most appropriate way, every day.

 

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