FINANCE: Hinchingbrooke Health Care expects to break even despite a £1.4m deficit at the end of 2010, thanks to its recovery plan.
The trust is £1.2m behind plan and reports: “Income is £1.3m (18.4%) above plan. Expenditure is £2.5m above plan, made up of Pay overspend of £1.2m and Non-Pay overspend of £1.3m. The Trust Directorates’ aggregate forecast is for a deficit of £2.2m before the impact of remaining Financial Recovery Plan schemes are delivered.
“The expectation is that the actions identified within the Financial Recovery Plan will bring the financial performance back into line with a year-end projection of break-even. On this basis the Trust is continuing to forecast a break-even position for the year end.”