I thought this what you might mean, but we are into unchartered territory here. Normally a charity would not operate in deficit and I suspect there are stringent rules regulating it. There are certainly stringent rules regulating charities operating in surplus as evidence by the problems the RSPCA got into not so long ago.
For me this debate underlines how much I need to know before deciding what I think about this idea. Steve Sent using BlackBerry® from Orange -----Original Message----- From: Nigel Stanley <[email protected]> Date: Fri, 1 May 2009 10:06:55 To: <[email protected]> Subject: Re: [canals-list] Re: BW to "move to the voluntary sector", and new units 2009/4/30 <[email protected]>: > What makes you think don't becoming a voluntary sector organisation would > give BW any more latitude to borrow than now? > > Steve > Sent using BlackBerry® from Orange > This is what I understand. At the moment anything BW borrows shows up on the public sector overall accounts as debt. It therefore needs Treasury permission to borrow (which is not easy to get) If it were an independent body - even one that got lots of government grant - its debts would not be on the public sector balance sheet. -- Nigel Stanley ------------------------------------ Yahoo! Groups Links ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/canals-list/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/canals-list/join (Yahoo! ID required) <*> To change settings via email: mailto:[email protected] mailto:[email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
