FINANCE: Suffolk Mental Health Partnership Trust is forecasting that it will hit its surplus target of £0.8m by the end of the year, despite risks including a merger with a neighbouring trust.
The trust’s performance report for February said it will deliver its target year-end income and expenditure surplus of £0.8m. At month 10, January, it had a surplus of £675,000.
The report said: “However, considerable risks remain over the second half of the year including the use of agency staff, winter pressures, the loss of CQUIN income, the costs of ensuring that performance targets are met, the costs of undertaking merger related activity, the implications of the loss of business in SMS, and the impact of service changes implemented by Suffolk County Council.”
The trust is currently in the process of merging with Norfolk and Waveney Mental Health Foundation Trust.