Charities with cash deposited in the failed Icelandic banks should be fully compensated by the government, a Treasury select committee report will recommend today, although local authorities, which had more than £953m invested, should be left to stand in line with other creditors.

The report also backs the government in refusing to compensate British citizens who had money invested in offshore accounts in the Isle of Man and Guernsey with the Icelandic banks.  04-Apr-09.

http://www.guardian.co.uk/business/2009/apr/04/charities-compensation-iceland-investments