Accounts to 31.03.10
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Re: Accounts to 31.03.10
Avery wrote:They never give us pages 9 and 10 where they break down the expenses and revenue into meaningful numbers. So much for transparency which they assured us they would provide. They are not required by law to tell us how they spend the money so I guess it is none of the donors business.
The public were asked to make donations to help to find Madeleine, not to pay for legal fees or a leisurely five months long continental holiday for all the McCanns and their relatives and friends. It is a sad fact that few people in the UK are able to take more than a month or two off work, when facing a similar loss.
Had they taken out advertisments in newspapers, and placed a note in a prominent place on their website to advise the public of where their donations were being spent, it would have given people far greater clarity as to what the Fund was designed to do. One suspects that had they been open and honest with regard to this, there would have been very few donations after September 2007 when they were made arguidos.

Judge Mental- Posts: 2765
Join date: 2010-03-17
Age: 76
Location: Chambers
Year End
____________________
"It wasn't as bad as the night we found her"
Molly- Posts: 310
Join date: 2011-06-28
Re: Accounts to 31.03.10
Molly wrote:I am sure this has been discussed before, does anyone know why the Fund year end is 31/03/10? One would imagine that the first transaction was in May 2007 and therefore the accounts would run from May to April. Why the need to change I wonder.
This is done for tax reasons - although the tax year ends on 5th April and the next starts on 6th, for tax purposes a year running for calendar months April to March is treated as coinciding with the tax year. It makes things simpler all round.

Miraflores- Posts: 495
Join date: 2011-06-20
Re: Accounts to 31.03.10
Avery wrote:They never give us pages 9 and 10 where they break down the expenses and revenue into meaningful numbers. So much for transparency which they assured us they would provide. They are not required by law to tell us how they spend the money so I guess it is none of the donors business.
"So much for transparency which they assured us they would provide" - and continue to do on the findmadeleine.com website.
"They have appropriate legal, business and charitable experience. An experienced Fund Administrator has been appointed to ensure the highest standards of transparency and accountability."
What they are giving is "tax transparency" which is the minimum required by law for a limited company (so Shell, BP, M & S etc need only offer the same). I.e. just showing what tax liabilies are due & paid.
Yet they continue to ask for:
"We thank you for your interest in fund raising to support Madeleine's fund. Many donations have resulted from a variety of fund raising events. These have included Car Boot sales, jumble sales, school cake sales, race nights, sponsored runs & cycle events, ‘dress down' days, auctions & ‘cheese & wine' nights.
And point to the website below (link is broken), regarding codes of fundraising practice. IOF actually has what transparent accounts should be like on their website.
http://www.institute-of-fundraising.org.uk/bestpractice/thecodes/codesoffundraisingpractice/
All in all NOT TRANSPARENT!

Gillyspot- Posts: 1269
Join date: 2011-06-13
Re: Accounts to 31.03.10
Gillyspot wrote:Avery wrote:They never give us pages 9 and 10 where they break down the expenses and revenue into meaningful numbers. So much for transparency which they assured us they would provide. They are not required by law to tell us how they spend the money so I guess it is none of the donors business.
"So much for transparency which they assured us they would provide" - and continue to do on the findmadeleine.com website.
"They have appropriate legal, business and charitable experience. An experienced Fund Administrator has been appointed to ensure the highest standards of transparency and accountability."
What they are giving is "tax transparency" which is the minimum required by law for a limited company (so Shell, BP, M & S etc need only offer the same). I.e. just showing what tax liabilies are due & paid.
Yet they continue to ask for:
"We thank you for your interest in fund raising to support Madeleine's fund. Many donations have resulted from a variety of fund raising events. These have included Car Boot sales, jumble sales, school cake sales, race nights, sponsored runs & cycle events, ‘dress down' days, auctions & ‘cheese & wine' nights.
And point to the website below (link is broken), regarding codes of fundraising practice. IOF actually has what transparent accounts should be like on their website.
http://www.institute-of-fundraising.org.uk/bestpractice/thecodes/codesoffundraisingpractice/
All in all NOT TRANSPARENT!
Absolutely agree Gillyspot.
Does anyone know who is the experienced Fund Administrator? You would expect the name on the website and a number and email. Businesses and NGOs want to be contacted so they give details of their staff on their websites. The Fund never did.

pauline- Posts: 546
Join date: 2011-05-08
Re: Accounts to 31.03.10
rammy wrote:I feel there should be some other pages attached; surely, 'We've had this, and spent that' isn't really proper accounting is it?
If it is, I might start my own business up......
I have sent a 2nd email to the campaign people as they have predictably failed to answer the 1st.
This my 2nd email regarding this request for information or advice.
Could you be so kind as to acknowledge my email and consider my request?
Hi there.
My full support in finding Madeleine, but can you answer a question for me?
I have downloaded copies of annual accounts from Companies House ref: 06248215 and have full disclosure for 2008 (12 Pages).
It seems that 2009 and 2010 are missing these pages for both years and I wondered
1: Why is this?
2: Where would I be able to obtain copies of Acrobat page numbers 11+12 (Actual Company Account page numbers 9+10) of these 2009 AND 2010 accounts
as it may appear to some that the non disclosure of these very important and financially detailed pages are hiding something being that they are freely available with Companies House co.number "06248215" within the 2007-2008 initial 1st year accounts?
Please advise thankyou?
Steve
I wonder that if they continually refuse to answer my simple request, if I then would be entitled to report a suspected fraud with regards the management of the monies?


steevo1962- Posts: 77
Join date: 2011-10-12
Age: 50
Location: Edinburgh
Re: Accounts to 31.03.10

happychick- Posts: 341
Join date: 2011-06-14
Re: Accounts to 31.03.10
happychick wrote:Who could you report this government-sponsored suspected fraud to Steevo?
I really don't know personally?
I initially thought that it would be the Police Authorities, but maybe some-one with the expertise and knowledge can advise?


steevo1962- Posts: 77
Join date: 2011-10-12
Age: 50
Location: Edinburgh
ask the auditors?

pauline- Posts: 546
Join date: 2011-05-08
Re: Accounts to 31.03.10
steevo1962 wrote:happychick wrote:Who could you report this government-sponsored suspected fraud to Steevo?
I really don't know personally?
I initially thought that it would be the Police Authorities, but maybe some-one with the expertise and knowledge can advise?
Don't try leicester police though because the government-sponsored fraud is also sponsored by Leicester police as the police website links directly to the mcCanns fraudulent fund

happychick- Posts: 341
Join date: 2011-06-14
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