FINANCE: The south west London trust anticipates making a £2.1m surplus in 2011-12, in spite of the the £1.2 deficit for April.

The position was £100,000 worse than plan and the trust’s finance report said: “In setting the plan the trust took into consideration the number of bank holidays in April together with recognition that the additional annual leave may be taken by employees.

“The income plan set was therefore lower than in previous years, coupled with the cost improvement programme not being equally phased throughout the year; this has lead to a planned deficit in month one (April).”

The £199m-turnover acute is aiming for a 6.9 per cent cost improvement programme this year and aims to submit its foundation trust application in March.