FINANCE: Southampton University Hospital Trust has revised down its planned year end surplus by £1.4m.

At the start of the financial year the trust agreed a planned full year surplus of £4.9m.

In December, the trust delivered a pre-impairment surplus of £0.8m, and has delivered a cumulative surplus of £1.2m at 31 December 2010.

The trust’s forecast surplus has now been formally reduced to £3.5m, reflecting non-achievement of all of the improvement actions included within the trust’s remedial action plan.

A further reduction of £0.4m was previously made to reflect the cost of the mutually agreed redundancy schemes (MARS) which have not been funded by the SHA.