Money matters - David Ainsworth's round-up of what's happening in the finance world

A fund to help charities take control of local assets has made its first grant.

- The Community Asset Fund, which closed to applications at the end of September, has given £337,000 to the Pelton Fell Community Group to take over its local community resource centre in Chester-le-Street, Durham. The grant is the first non-lottery money to be distributed by the Big Lottery Fund.

- The largest-ever transfer from a dormant trust to a contemporary organisation has taken place in Lambeth, London. Two million pounds has been moved from the Pedlar's Acre Trust, established in the 17th century, to the Lambeth Community Fund. The legislation to allow transfers from charitable trusts with outdated objects to other organisations was approved last September.

- Small third sector organisations that help Londoners improve their skills and job prospects will have the chance to win grants of up to £12,000 from the London Development Agency and the European Social Fund. The fund has a total of £5m to give away. For more information, visit www.gle.co.uk/services/communitygrants.

- The Community Accounting Network's annual conference will be from 27 to 29 January next year in Stoke-on-Trent. The conference aims to help organisations that provide financial support for small community groups. "We're hoping to use the event to grow membership and to develop new services across the UK," said John O'Brien, chair of the network. For more information, call O'Brien on 0115 947 8946.

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