I feel the need to document my findings on Labour’s finances. I have written about it here and on my blog. In 2020, the LP did not publish their 2019 annual report to the members and so I had to get it from the Electoral Commission. At the time of first writing, this is an index for other things I have said and found. …
Here is the Labour Party Financial statements for the year ended 31 December 2019, at the electoral commission.
I also extracted the financial report from the 2019 NEC report, i.e. the 2018/17 numbers and hosted it on this page/article. The report x-refs the Financial Reporting Council’s Description of the auditor’s responsibilities for the audit of the financial statements.
A blog article by me on the then last two years, detailing the income sources, the CLP support expense, and some strange expenditure/surplus/deficit facts.
Here is Unite’s evidence to the Forde Inquiry in which they detail that the,
… leaked report contained details, evidenced by written communication between former members of staff, of how during the 2017 General Election Labour HQ ran “a secret key seats team”, overseen by Iain McNicol.
… According to the communications cited in the report, it seems that this fund was established, that money, (at least £175,000 is mentioned in the report) was transferred to it, and that it was operated by Labour Party staff headed by Sam Matthews; and it is further alleged that this was done deliberately without the knowledge of the Leader of the Party or his senior staff, of the National Executive Committee and of the political leadership of the election campaign. This is in direct contravention of the Labour Party Rule Book, …
The Financial Reporting Council’s Description of the auditor’s responsibilities for the audit of the financial statements. includes the statement,
Obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s (or where relevant, the group’s) internal control.
There’s more but this is what I am looking for today.