Epsom and St Helier ends 2012-13 ahead of plan, recording £12m deficit

Board papers show the trust finishing the year £7m ahead of the planned position after doing £18.8m more wortk than planned.

Expenditure was £12.1m higher than plan also, with total costs of £341.5m.

A report to the board said: “The trust ended the year with a £12.1m deficit as forecast. This was £7.4m better than plan due to income overperformance and offset in part by expenditure pressures. The major factors in the income overperformance were the removal of roughly £8m of QIPP from intial contracts combined with levels of activity growth above the 2 per cent funded.
“Expenditure spend was in part driven by the increase in activity, and the trust is addressing area for improvement in its 13-14 plan. One-off redundancy provisions have also caused an increase in expenditure.”