§ Mr. MichaelTo ask the Secretary of State for National Heritage what is the total income received to date(a) in tax revenue, (b) in money for distribution to good causes since the start of the national lottery and (c) in interest received on money prior to expenditure being incurred by the distribution boards. [37487]
§ Mr. Sproat[holding answer 16 October 1995]: For the period 22 November 1994 to 30 September 1995, £410.7 million has been paid in duty levied on the national lottery. For the same period, £1,093 million has been paid to the national lottery distribution fund for distribution to good causes and £30.7 million of interest has accrued to the fund as a whole.
§ Mr. MichaelTo ask the Secretary of State for National Heritage whether the interest on the lottery income earmarked for distribution by the National Lottery Charities Board is being added, automatically and in full, to the money available for future distribution by that board; how the money is being held; and under what rules it is to be released to the board. [37484]
§ Mr. Sproat[holding answer 16 October 1995]: Pending draw down by the distributing bodies, proceeds available from the national lottery are held in the national lottery distribution fund. Funds are invested and balances calculated for each distributing body. The NLDF investment account is revalued before each transaction, either receipt or draw down of funds—for payment of grants or expenses—and interest is apportioned in full to each body. Funds are normally drawn on a monthly basis, in accordance with procedures agreed between the Department of National Heritage, the National Debt Commissioners and the distributing bodies.
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§ Mr. MichaelTo ask the Secretary of State for National Heritage if she will show(a) the income earmarked for distribution by the National Lottery Charities Board from the income in each month since money started to flow from the national lottery, (b) the cumulative total held in respect of the NLCB at an appropriate point in each month, (c) how much of that total is held respectively (i) by the Treasury, (ii) by his Department or (iii) in any other fund and (d) the rate of interest and the total cash figure earned each month from the sums held. [37483]
§ Mr. Sproat[holding answer 16 October 1995]: The National Lottery Charities Board is allocated one fifth of the money generated by the national lottery for the national lottery distribution fund. Since 22 November 1994, £217.4 million has accrued to the charities board, which is an average of £20.7 million per month. All money paid into the fund, not immediately required for distribution, is paid over to the National Debt Commissioners and invested by them in accordance with Treasury directions. Interest is accrued on the fund as a whole and apportioned to each distributor. To date, £30.7 million of interest has accrued to the fund as a whole, of which £6.3 million is attributable to the charities board.
§ Mr. MichaelTo ask the Secretary of State for National Heritage if she will show(a) the income received in taxation in respect of each month since such income started to flow from the national lottery, (b) the total income from distribution to good causes received in respect of each month since such income started to flow, (c) the proportion and sum earmarked for distribution by the National Lottery Charities Board from each month's income, (d) the sums actually disbursed by the Treasury each month, indicating the amounts within the total passed to the Home Office and direct to the National Lottery Charities Board, (e) the amount of interest earned each month on the sums held by the Treasury for future distribution by the National Lottery Charities Board and (f) the cumulative monthly total including interest held by the Treasury for each month since the income commenced. [37486]
§ Mr. Sproat[holding answer 16 October 1995]: The national lottery distribution fund is maintained under the control of the Secretary of State for National Heritage. All money paid into the fund not immediately required for distribution, is paid over to the National Debt Commissioners and invested by them in accordance with Treasury directions.
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Let by Activity Name of successful bid Won by in-house bid 1992–93 DNH Computer equipment and related services SEMA Group Ltd. No in-house bid Historic Royal Palaces Banqueting House Security Royal British Legion Attendants Company No in-house bid 1993–94 DNH Consultancy for advice on competitive tendering of works management functions Watts and Partners No in-house bid DNH Reprographics Williams Lea FM No in-house bid DNH Central typing and secretarial Manpower plc No in-house bid DNH Mailroom Security Despatch Group No in-house bid DNH Security Royal British Legion Association No in-house bid For the period 22 November 1994 to 30 September 1995, £410.7 million has been paid in duty levied on the national lottery, which is an average of £41 million per month.
For the same period, £1,093 million, has been paid to the national lottery distribution fund for distribution to good causes. This is an average of £104 million per month. One fifth of all money paid into the fund is allocated to the National Lottery Charities Board. To date, this equates to £217.4 million, which is accrued at an average of £20.7 million per month.
To date, £65.3 million has been paid to distributors, an average of £6.5 million per month. Of the total, £6.6 million has been paid to the National Lottery Charities Board.
Interest accrued on the charities board share of the national lottery distribution fund, since the start of the lottery, totals £6.3 million. This is an average of £0.6 million per month.
The total value of the fund to date stands at £1,052 million, which represents average monthly income of £100.2 million.