FINANCE: A foundation trust has doubled its surplus prediction for the financial year at the end of month eight.
The finance report to the board of directors at Guy’s and St Thomas’ Foundation Trust showed a surplus on income and expenditure of £6.7m “against the planned year to date surplus of £3.3m”.
The trust had predicted a £5m surplus at end of year.
The report also noted that the trust’s clinical directorates were expecting an overspend of £41.3m at month eight, higher than the agreed £25.4m.
Corporate departments were prediciting an overspend of £3.5m at month eight.