CIC moves into the red

Not-for-profit operator Community Integrated Care (CIC) went into the red for the year ended 31 March 2017 thanks to poor performance of its older people services division. Total income was £114.9m, 7.4% up on the restated figure of £107m. Total expenditure was £117.2m (2016 restated: £105.4m) leaving the charity with a net deficit of £2.3m…