Comments on: Party finances in Scotland http://www.libdemvoice.org/party-finances-in-scotland-3198.html Our place to talk - an independent website for supporters of the Liberal Democrat party in the UK. Sat, 11 Feb 2012 03:46:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jonathan Davies http://www.libdemvoice.org/party-finances-in-scotland-3198.html#comment-59078 Jonathan Davies Wed, 20 Aug 2008 22:25:48 +0000 http://www.libdemvoice.org/?p=3198#comment-59078 It would be more interesting to look at the UK wide accounts of the three main Parties - all of which are available from http://www.electoralcommission.org.uk/party-finance/database-of-registers/statement-of-accounts Labour - Assets £12.149m and liabilities £30.086m - net liabilities of £17.937m Conservatives - Assets £16.414m and liabilities £21.6m - net liabilities of £5.186m Liberal Democrats - Assets £2.077m and liabilities £0.898m - net ASSETS £1.178m "Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual expenditure twenty pounds, annual expenditure twenty pounds ought and six, result misery" Jonathan Davies A happy treasurer of the English Liberal Democrats (net assets £74,705) It would be more interesting to look at the UK wide accounts of the three main Parties – all of which are available from http://www.electoralcommission.org.uk/party-finance/database-of-registers/statement-of-accounts

Labour – Assets £12.149m and liabilities £30.086m – net liabilities of £17.937m

Conservatives – Assets £16.414m and liabilities £21.6m – net liabilities of £5.186m

Liberal Democrats – Assets £2.077m and liabilities £0.898m – net ASSETS £1.178m

“Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual expenditure twenty pounds, annual expenditure twenty pounds ought and six, result misery”

Jonathan Davies
A happy treasurer of the English Liberal Democrats (net assets £74,705)

]]> By: Chris Smith http://www.libdemvoice.org/party-finances-in-scotland-3198.html#comment-59035 Chris Smith Wed, 20 Aug 2008 13:35:16 +0000 http://www.libdemvoice.org/?p=3198#comment-59035 I have worked as auditor before and this story is inventing news. The major worry for me would not be the deficit (last year was busy), but that liabilities are more than assets. PKF as auditors have bought the deficit and debt to attention as is their duty. While the auditors of Labour and SNP (different companies) do not believe there is a problem with their future and their liabilities are more manageable. It is the job of auditors to validate accounts, but also to offer advice to the business (or party) this seems to be a sensible statement to remind the organisation they need to either raise more money or spend less and with no elections this year I imagine the later will be done. I have worked as auditor before and this story is inventing news.

The major worry for me would not be the deficit (last year was busy), but that liabilities are more than assets.

PKF as auditors have bought the deficit and debt to attention as is their duty. While the auditors of Labour and SNP (different companies) do not believe there is a problem with their future and their liabilities are more manageable.

It is the job of auditors to validate accounts, but also to offer advice to the business (or party) this seems to be a sensible statement to remind the organisation they need to either raise more money or spend less and with no elections this year I imagine the later will be done.

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