FINANCE: City Hospitals Sunderland NHS Foundation Trust was exceeding its planned surplus by £3.5m as of March.
The FT’s March finance board paper says its overall position was a net surplus of £4,410,000 against a planned surplus of £872,000, which is £3,538,000 better than planned.
It was due to overperformance on elective care throughout the year, some non elective overperformance, and some on non-clinical income.
However it was slightly behind on cost improvement plans for the 2011-12, which also included a “recurrent shortfall from 2010-11 at £9,380,000”.
Its target to the end of February was £19,908,000, of which delivery was £15,991,000, giving a variance of £3,917,000.
“Trust reserves have been used significantly to balance the shortfall on the CIP programme, reserves which were largely earmarked for focus on other developments,” the finance paper says.
See attached papers (attached, right)