FINANCE: A report to the board of Hillingdon Hospitals Foundation Trust said the trust’s surplus at the end of month four was a surplus of £548,000, £121,000 behind plan.

The report said: “The main reason for the adverse variance was revenue. Although July’s NHS clinical revenue was high the final position was short of the level planned with a £261,000 adverse variance.”

This was driven principally by a fall in “non-NHS clinical revenue”, which was £140,000 down on what was expected for the year to date.