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Naomi House

Volume 480: debated on Thursday 16 October 2008

To ask the Secretary of State for Health if he will take steps to assist Naomi House in recovering the funds it invested in Kaupthing, Singer and Friedlander Limited. (227363)

The investment of funds by charitable organisations are governed by investment and accountability rules set by the Charities Commission, and are beyond the scope of the Department.

The Charity Commission has published guidance concerning the principles to be applied in the investment of charitable funds (its leaflet CC14) and has recently published guidance to charities concerning the Financial Compensation Scheme. Queries relating to charitable funds should be directed to the Charity Commission in the first instance.