FINANCE: The Christie Foundation Trust’s surplus for the first quarter of 2012-13 was £127,000 above plan.
But unachieved cost improvement programme savings were being offset by vacancies and the release of reserves, its latest finance report shows.
“At the end of June 2012 we are reporting a cumulative surplus of £1,211,000, which is £127,000 above plan for the three month period,” the report states.
“Contracted clinical income is below plan, in contrast with other income which is above plan. Unachieved [cost improvement programme savings are] partially offset by pay vacancies and the release of an element of the risk reserve.”