An investigation by the Sunday Times has led to calls for an inquiry into the distribution of a £35 million charitable fund created by the government out of the collection of Libor fines. The principal allegations are that these funds have either been frittered away on useless projects or have just vanished. 

If these allegations prove to be true, the spotlight will fall once again on charity trustees understanding their role to further the long term interests and purposes of the charities they govern, including having robust internal procedures in place for how their income is spent and for vetting those that they employ.