FINANCE: An injection of “deferred income” has enabled South Warwickshire NHS Foundation Trust to deliver more than double its target surplus for September.
The provider reported a £1.89m surplus, £967,000 better than planned.
The trust’s finance and capital report says 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 trust has revised its expected full-year surplus to £2.67m, as a result of continued income overperformance.
The trust is slightly under-achieving on its cost improvement plan, delivering £3.37m against a plan of £3.73m in the year to the end of September.