The British Healthcare Trades Association (BHTA) has seen financial growth this year, despite the difficult economic situation.
This comes via its financial statement for the year ending 30 June, 2020.
The document showed that the BHTA’s total reserves (income and expenditure account) had risen from £298,170 at the end of June 2019 to £333,795 at the end of June this year.
This marks an increase of £35,625 in a 12-month period, possibly fuelled by an increased demand during the pandemic for its services and support for healthcare companies of any size.
Its financial statement noted: “The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
“Whilst there are concerns about the impact of COVID-19 on some member companies and therefore of their continued membership, the directors consider that appropriate action has and will be taken to mitigate the effect on the Association.”
These measures, the report revealed, include budgeting, reduction of overheads by closing offices and outsourcing functions, and taking advantage of any further government support made available.