FINANCE: Whittington Health Trust is ahead of plan by £295,000 at month six, board papers reveal.
A report to the board said: “The Month 6 position is £295k better than plan, with an actual deficit in month of £555k against a planned deficit of £850k (the planned deficit relates to a lower profile of activity for September).
“As reported in previous months, the key area to note in terms of adverse budget variances relates to slippage/non achievement of cost improvement programmes. Achievement in the year to date is circa £905k below the planned level (which is an improvement on the month 5 position).
“At the current time we are still forecasting a surplus position in line with the plan, but this is heavily dependent on a continued improvement in the run rate, and improvement in performance against [cost improvement programme] targets.”
Chief executive’s report