FINANCE: Newcastle upon Tyne Hospitals Foundation Trust had made a surplus of £23.3m at the end of January – £13.7m ahead of plan.

The trust was reporting a financial risk rating of 4.5 against Monitor’s criteria.

Overall the trust’s income at £738m was marginally behind plan but total expenditure was £15m less than planned – due to vacancies, slippage on developments and non-recurrent release of balance sheet provision.