HM Treasury have just published a Review which recommends the nationalisation of the assets of hospital charities. This must be rejected by the Government immediately. The recommendations could lead to up to £500m of charitable assets being recorded on government balance sheets.
The final report of the Treasury review group says NHS charities in England that have an NHS trust as their corporate trustee should have their assets recorded on the balance sheets of those trusts, which are of course state bodies.
Ministers must decide whether to implement the recommendations, which are part of a long-running debate over how NHS charities' accounts should be handled.
Four sterling members of the review group, including Ray Jones of the Charity Commission, and Keith Day, a representative of the Association of NHS Charities, published a "dissenting report", saying the review group's conclusion that consolidation was necessary was "potentially damaging" to charities. ...more