FINANCE: The Royal Orthopaedic Hospital Foundation Trust fell well short of its quarter four surplus target, but still beat its planned total for 2011-12.
April board papers showed that in quarter four it delivered a £79,000 surplus against a plan of £458,000. However it beat its full year surplus target of £1m by £245,000.
Pay costs were £490,000 over plan in 2011-12, “as a result of slippage on pay cost improvement schemes relating to the administration review and medical and clinical post reviews.”
Non pay expenditure “broadly broke even”.
Source
Board papers (attached)
Source date
April 2012
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