2.28 The Trust negotiated with THC Dartford to receive £1.5 million of the refinancing gain as a lump sum prior to 31 March 2003. The Trust agreed to receive the rest of the gain by way of reduced annual contract payments over the remainder of the contract period. The Trust had hoped to be able to account for the £1.5 million as 2002-03 income to enable it to achieve its planned reduced deficit level of £0.9 million. In the event, because the completion of the refinancing was delayed until just before the end of March 2003, it was not appropriate for the Trust to bring this lump sum into its accounts in 2002-03.