FINANCE: Berkshire Healthcare NHS Foundation Trust was predicting a year-end surplus of up to £7m in July, well above the planned £2.6m.
The trust reported a year-to-date surplus of £1.8m, £1.2m better than planned in month four of 2011-12, according to board papers obtained by HSJ under the Freedom of Information Act.
The trust achieved its cost improvement plans target of £2.9m, although £50,000 was “mitigated” through the allocation of contingency funding, while £410,000 came through “the underlying vacancy position”.
By the end of the year, the trust forecast that CIP schemes would be mitigated by £2.2m of vacancy savings.
Board papers (see attached)