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”.
Board papers (attached)