Magazine article Public Finance

Round-Up

Magazine article Public Finance

Round-Up

Article excerpt

Charities in the Southeast hold reserves of £430m without properly accounting for them, according to the Charity Commission. A study, Tell it like it is, published this week, shows that £3.6bn is held 'without a policy' by charities across England and Wales, often so that the organisations involved have cash 'for a rainy day'. But the commission has warned that, in advance of more charities being used to deliver public services, organisations must develop clear accounting practices to show how the cash is being used.

Liberal Democrat MPs have attacked the government's decision to rule out using taxpayers' money to compensate victims of collapsed occupational pension schemes. David Laws, LibDem work and pensions spokesman (pictured), said that the decision showed a 'wanton disregard' for the recommendations of the sector's ombudsman, which 'rightly found the government guilty of maladministration' in handing out poor information about many savings schemes.

The Audit Commission has given its annual awards for innovation to the designers of a whole-systems approach to auditing care services for older people and the developers of a counter-fraud toolkit. The commission's southern region team won the Read Award for their social care review work in East Sussex, which developed new ways of auditing services across the health and local government boundary. The London region won the Cooksey award for its work on counter-fraud.

Proposals to extend the mayor of London's powers will make the capital's planning system 'less efficient, less transparent and will deprive local communities of their voice on key decisions', London Councils has warned. …

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