House of Commons

The Register of Members' Financial Interests: Part 1
As at 24th November 2014

WALLACE, Ben (Wyre and Preston North)

2. Remunerated employment, office, profession etc

From 18 February 2013 to 28 February 2014, assistance with public affairs advice provided to Xcite Energy Resources Ltd (a North Sea oil exploration company), 1 Farnham Road, Guildford, GU2 4RG. The agreed remuneration was £30,000 a year and the expected time commitment was 15 hours a month. (£25,001 to £30,000). (Updated 2 March 2014)

Received £2,500 for attending meetings and advising on business opportunities. Hours: 15 hrs. (January 2014) (Registered 2 March 2014)

Received £2,500 for attending meetings and advising on business opportunities. Hours: 15 hrs. (February 2014) (Registered 2 March 2014)

5. Gifts, benefits and hospitality (UK)

Name of donor: The Royal Automobile Club Motor Sports Association

Address of donor: Motorsports House, Riverside Park, Colnbrook, SL3 0HG

Amount of donation or nature and value if donation in kind: two tickets for British Grand Prix 6 July 2014, and hospitality; value £985

Date of receipt of donation: 6 July 2014

Date of acceptance of donation: 6 July 2014

Donor status: company, registration number 1344829

(Registered 15 October 2014)

6. Overseas visits

Name of donor: (1) Ardeshir Nagashineh, Chairman of Targetfollow PLC; (2) the Majlis, the Parliament of the Islamic Republic of Iran (Iran-United Kingdom Parliamentary Friendship Group)

Address of donor: (1) TargetfollowGroup Ltd, Riverside House, 11/12 Riverside Road, Norwich, NR1 1SQ; (2) Baherestan Square, Tehran, Iran

Amount of donation (or estimate of the probable value): (1) £373.84 being the balance of the return flights from London to Tehran (via Frankfurt), Business Class, 6 and 10 January 2014. Total cost £1,623.84 – the remainder being met by a non-registrable source. (2) 4 nights hotel accommodation in Tehran at estimated cost of £392.84, plus meals and transport for 4 days at estimated cost of £300.

Destination of visit: Tehran, Iran

Date of visit: 6-10 January 2014

Purpose of visit: visit by the All Party Parliamentary Group on Iran at the invitation of the Iran-UK Parliamentary Friendship Group of the Iranian Parliament.

(Registered 26 February 2014)

8. Land and Property

Flat in south west London, from which rental income is received.

11. Miscellaneous

Member of Public Policy Committee of the RAC Foundation, 89-91 Pall Mall, London SW1Y 5HS; unremunerated. (Registered 12 June 2013)

Prepared 26th November 2014