Call for lottery help.

Call for lottery help.

MPs call for more accountancy help for small groups seeking funding

The National Lottery Charities Board has been urged to step in with accounting and management help for small groups that may have difficulty preparing and administering projects.

The call came from the Public Accounts Committee amid concern some projects may be losing out while in others lack of supervision has resulted in projects failing to proceed as planned – and ten cases of fraud.

In the case of one adventure playground project, £16,000 of lottery grant money was used to pay off an Inland Revenue debt, resulting in the entire outstanding grant being withdrawn and a refund demanded.

MPs put it to the board ‘that some groups come from deprived areas and cannot afford to use an accountant or solicitor’.

But the board claimed a survey showed that while there was a potential barrier, their application forms were manageable.

The committee said the scale of grant giving meant any shortfall in performance put very large sums at risk and estimated that out of grant awards totalling £460m, between £65m and £145m ‘could have been given to projects which were not delivering the intended level of service or activity at the time of the NAO examination.’

Where angels fear to tread – interview with PAC chairman David Davis, page 8.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article