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Our credit union is in receipt of a grant from the DWP Growth Fund. How should we report provisioning for bad and doubtful debts?

April 26, 2017bad Credit Union doubtful DWP fund growth provisioning RECEIPT report

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Our credit union is in receipt of a grant from the DWP Growth Fund. How should we report provisioning for bad and doubtful debts?

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For the purposes of provisioning, the same rules to DWP-funded loans as to ‘ordinary’ loans to members. There is no need to report separately the figures for provisioning in respect of DWP-funded loans, although you may do so if you find it more convenient.