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”.

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