The average time taken for THE PAPWORTH TRUST to pay invoices to suppliers has decreased from 38 days in the period of Apr, 2018 to Sep, 2018 to 33.3 days in the period of Apr, 2019 to Sep, 2019. This indicates a positive trend of the company paying invoices to suppliers in a shorter period of time.
The volatility of the company's average time to pay invoices has decreased from 5 days in the period of Apr, 2018 to Sep, 2018 to 0 days in the period of Apr, 2019 to Sep, 2019. This suggests that there has been a consistent improvement in the company's payment process.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2018 - 31 Mar 2019 | 27 Sept 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 38 | 43% | 45% | 12% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Papworth Trust has dedicated accounts payable staff who are available and responsible for dealing with invoicing queries and concerns. Disputes, when occurring, should be directed to the accounts payable team who will resolve queries directly with the individual responsible for procuring the associated goods or services. If the query cannot be resolved appropriate queries can be escalated to the Financial Controller or the appropriate Director for consideration.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Papworth Trust is a UK-based charity organization that aims to support people with disabilities and other health conditions to live independently and achieve their full potential. The charity was founded in 1917 and has since grown to become a leading provider of support services for disabled individuals.
The Papworth Trust offers a wide range of services and products to help people with disabilities live a better quality of life. These include support with housing, employment, education and training, as well as leisure and social activities. The Trust also provides specialized care and support for people with complex health needs.
One of the key initiatives of the Papworth Trust is their sustainability program. The charity is committed to reducing its environmental impact and promoting sustainable practices in all areas of its operations. This includes reducing waste, promoting energy efficiency, and using sustainable materials in their products and services.
The Trust is led by a team of dedicated individuals, including the Chief Executive Officer, Vicky McDermott. The Board of Trustees, headed by Chairman Chris Conway, oversees the strategic direction and governance of the charity.
The Papworth Trust can be contacted through their website, www.papworthtrust.org.uk, where more information about their services and sustainability program can be found. Their registered office address is Papworth Trust Centre, Papworth Everard, Cambridge, CB23 3RG.
In summary, the Papworth Trust is a well-established charity that provides vital support and services to people with disabilities and health conditions. Their commitment to sustainability and dedication to improving the lives of individuals with disabilities make them a valuable asset to the community.