FINANCE: Surrey and Borders Partnership Foundation Trust’s operational position was a £122,000 surplus on 30 June 2012.

However, this was against a planned surplus of £152,000, representing an adverse variance of £30,000, according to papers for the trust’s September council of governors meeting.

“The trust’s reported financial position is £66,000 surplus, although this includes costs of disposal of fixed assets of £56,000,” the council was told.

The FT achieved a Financial Risk Rating of 3 as at the end of the first quarter of the current financial year.