Bolton Foundation Trust believes it can still achieve its planned deficit, despite missing a recent financial target, board papers show.

In month five of 2013-14 the provider recorded a deficit of £1.5m, £900,000 worse than planned.

However, the provider’s year to date deficit is still better than expected at £4.7m, against a planned deficit of £5.6m.

The trust forecast shows that its planned deficit for the year of £7.8m is achievable by using a £2.2m risk reserve which has already been set aside, and by utilising non recurrent schemes of £1m to offset recurrent shortfalls.