FINANCE: Chelsea and Westminster Hospital Foundation Trust is anticipating smaller surpluses in 2013-14 and 2014-15.

The central London trust’s annual plan review predicts the percentage surplus will fall from 3.7 per cent this year to 2.3 per cent in the subsequent two.

The APR said: “The trust performed well against its financial plan in 2011-12 and the trust is continuing to plan for levels of EBITDA and surplus well above the FT average through the planning period, as it continues to invest in its capital programme to enhance facilities and equipment in order to improve clinical outcomes and efficiency and ensuring we continue to have a sustainable cost base which can adapt to changes in commissioning in the future no matter what they may be.”

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