FINANCE: South Warwickshire NHS Foundation Trust reported a surplus of more than double its target amount at the end of 2011.

The trust had a £3m surplus at the end of December, against a plan of £1.3m.

January board papers said: “The position reflects the overperformance received in respect of 2010/11 since finalising the position with NHS Warwickshire and the release of deferred income following recommendations by External Audit.

The projected full-year surplus remains £3m for the end of 2011-12.

The trust has identified £4.6m of its target of £5.1m cost improvement savings for the year to date.