FINANCE: Guy’s and St Thomas’ Foundation Trust has predicted a surplus of £14m-£20m. This is less than its £30m target.
Papers for its January board meeting said: “Quality remained a central focus including an insistence on ensuring that any cost improvement plans demonstrated their impact on quality. The intention was to agree realistic deliverable budgets with directorates and differential targets were being agreed.
“The financial background was based on a likely year end outturn for the current year of £14m-20m which was less than the £30m target.
“An improved surplus for 2012-13 would need to come from extra activity delivered for lower cost; and the board a renewed emphasis on maximising the surplus urged the maximum outcome for the current fincial year in order to be able to meet the ambitious capital programme and to provide a good platform for what was expected to be a difficult year in 2012/13.”