Money matters

Mathew Little's round-up of what's happening in the finance world.

- WaterAid has joined charity technology consortium NetHope to improve its coordination with partner organisations overseas. The 21 NGOs that make up NetHope share IT knowledge and use collective purchasing to increase cost-effectiveness. "Access to greater technology overseas will help both WaterAid and our partner organisations," said Peter Heather, head of IT and systems at WaterAid.

- The finance manager of Dorset Scope has pleaded guilty to stealing £150,000 from the charity. John Cunningham diverted donations by cashing cheques, keeping the money and creating false invoices. He bought a luxury flat in Poole Harbour and a fleet of expensive cars. He later confessed to police, and will be sentenced on 27 March.

- The Chartered Institute of Public Finance and Accountancy is organising a seminar on implementing International Financial Reporting Standards on 26 February in Belfast. The event includes an overview of the main standards, advice on first-time adoption and managing the disclosure requirements of the standards.

- A report by the National Council of Voluntary Child Care Organisations has warned that many small charities could be forced to close despite government support. A survey of 100 organisations found that almost 50 per cent had seen their government funding reduced in the past year and 10 per cent were closing or under threat of closure. The report, Under the Radar, calls for more reliable funding from local and national government.

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