FINANCE: East Cheshire Trust recorded £5.1m of cost improvement programme savings in the first seven months of the year, against a planned target of £5m.
However, its latest finance report notes that £1.5m of the delivered CIPs were non-recurrent savings, which do not permanently reduce the organisation’s costs.
The trust’s expenditure was £2.6m above plan, largely offset by additional income, which was £2.3m above plan.
£1.5m of the expenditure above plan was on pay, linked partially to over-performance on the trust’s contract as a result of opening additional beds.
7 February 2013