CIC remains ‘strong’ despite deficit

Charity Community Integrated Care (CIC) remained strong in a strong financial position according to directors despite recording a deficit for the year ending 31 March 2013.Total incoming resources were steady at £93.9m (2012: £93.1m) while total resources expended increased from £89.4m in 2012 to £95.8m. Net outgoing losses were £1.8m (2012: profit £3.6m). Directors explained…