Trust finances review

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TWO separate reviews have been ordered by Sheffield Council into the finances of troubled Museums Sheffield - after The Star revealed that a £1.7 million debt the trust owes to the council may have to be written off.

A report to a meeting of the council’s audit committee on Monday said “financial and performance management issues” have been raised at the organisation, which manages the city’s museums on behalf of the council, and that its “financial forecasts were found to be inaccurate”.

Officers have decided full assessments of the trust and its financial position are necessary.

“Following conclusion of these reviews, along with the results of an internal service review, consideration is to be given to the future of the trust,” the report said.

The audit committee report also outlines continued, wider weaknesses in how the council monitors management of assets such as the museums - with its “data records management systems not fit for purpose”.

Too many different systems are used, meaning officials had problems comparing information, officials said.

The revelation comes two years after the council was criticised for not keeping a close enough eye on Burngreave New Deal for Communities regeneration agency - which spent its entire budget earlier than planned and where there were management concerns.