Money matters

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

A meeting of the Charity Investors' Group will take place on 19 February at Baring Asset Management in Bishopsgate, London.

It will focus on income from investments and will feature talks from Chris Hills, chief investment officer at Rensburg Sheppards, Ian Lance, manager of Schroders' Charity Equity Fund, and Rohan Hewavisenti, director of finance and business development at the British Red Cross. For more information, visit

- The Office of the Scottish Charity Regulator is taking a tougher stance with organisations that do not meet its standards for annual reports and accounts. Non-compliant accounts will now be returned and will have to be resubmitted within 60 days. Before now, the OSCR sent a letter asking the charity to ensure its accounts were compliant the following year.

- Social venture capital company Bridges Ventures has won the Social Investor of the Year Award at the 2008 European Venture Capital Journal Awards. Bridges received the award for its work investing in businesses with social and environmental missions or which increase employment in deprived areas.

- Llandudno and District Credit Union has opened the first credit union current account in Wales. The account will give access to banking for many who cannot open current accounts elsewhere. Barry Roberts, chief executive of the credit union, said offering current accounts would make it more competitive.

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