Re: 2012 Accounts **OUT NOW** (page 2 of thread)

[Guest]

i see the 2012 Accounts have not been filed and are now overdue.

Sure £150 fine is nothing to the wealthy

I have just read that they are in 14/1/13, but not published yet.

[Inspectorfrost]

Thanks Candyfloss.

[ShuBob]

Looks like you can now purchase the document detailing the latest accounts:

[You must be registered and logged in to see this link.]

[Ribisl]

[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]

[Ribisl]

[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]

[Ribisl]

[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]
[img][You must be registered and logged in to see this link.][/img]

Download pdf file
[You must be registered and logged in to see this link.]

[PeterMac]

New solicitors
Stevenson Harwood seem to have replaced Bates Wells Braithwaite
I wonder why ?

[Guest]

New solicitors
Stevenson Harwood seem to have replaced Bates Wells Braithwaite
I wonder why ?

Yes, me too.

Thanks Ribsl for posting the info[You must be registered and logged in to see this image.]

[aiyoyo]

6 Directors remaining namely

Kate Mccann
Gerry Mccann
Brian Kennedy
Edward Smethurst
Jon Corner
Michael Linett

Far as we know the top 5 are in the same boat, so who is Michael Linett and how is he related to the Mccanns?

Interestingly the Audited Accounts was signed by Brian Kennedy.
Generally, it is common practice that the person actively administering and monitoring the Fund would sign the accounts.
So why is BK interested in the running and operation of the Fund? Hasn't he got anything else better to do?

[Guest]

I think this is Brian Kennedy, the uncle.

[monkey mind]

I think this is Brian Kennedy, the uncle.

On paper we are led to believe it is.
But with the name Smethurst also on that same piece of paper excuse me if I don’t just raise a monkey eyebrow.
Ooops.
Seems to be stuck.....

[PeterMac]

Brian Kennedy the Uncle ?
The one who said right from the start that the "Fund" WOULD be used mostly for legal fees ?
I wish there were some reporters with the guts to ask the supplementary question "What the Hell are you talking about ?"

[aiyoyo]

Brian Kennedy the Uncle ?
The one who said right from the start that the "Fund" WOULD be used mostly for legal fees ?
I wish there were some reporters with the guts to ask the supplementary question "What the Hell are you talking about ?"

I thought the Uncle resigned long ago and returned to work. He was the first to leave the Fund, followed by a few others.

[Guest]

Brian Kennedy the Uncle ?
The one who said right from the start that the "Fund" WOULD be used mostly for legal fees ?
I wish there were some reporters with the guts to ask the supplementary question "What the Hell are you talking about ?"

I thought the Uncle resigned long ago and returned to work. He was the first to leave the Fund, followed by a few others.

No, that was John McCann GM's brother, and Doug Skehan who resigned in July and August 2010. Brian Kennedy the uncle has been on the board since the beginning, or almost the beginning I think.

ETA I think BK is retired.

[Nina]

Brian Kennedy the Uncle ?
The one who said right from the start that the "Fund" WOULD be used mostly for legal fees ?
I wish there were some reporters with the guts to ask the supplementary question "What the Hell are you talking about ?"

I thought the Uncle resigned long ago and returned to work. He was the first to leave the Fund, followed by a few others.

No, that was John McCann GM's brother, and Doug Skehan who resigned in July and August 2010. Brian Kennedy the uncle has been on the board since the beginning, or almost the beginning I think.

ETA I think BK is retired.

Brian Kennedy, this one, is an uncle of Kate, so great uncle of the twins/Madeleine, he is a retired head teacher.

[Guest]

All these Brian Kennedys are still causing confusion!

Here's a reminder of the uncle's comment that the money was likely to be used mainly for legal expenses.

[You must be registered and logged in to see this link.]

It's also interesting to hear that Gerry's spirits were lifted by the setting up of the fund. Thanks Eileen for that little gem!

[Guest]

It is strange about this case though, that we have 2 Brian Kennedy's involved with the fund in one way or another, 2 Michael Wrights driving the same Renault, and 2 McCanns one owning apartment, one renting.......any more??

[Inspectorfrost]

Thanks Ribisi for the accounts. So they've managed to spend nearly half a million pounds in a year on merchandising and campaign costs. Wow.

I also see for last year there is no mention as in the previous years of using the fund to bring legal proceedings in Portugal.

[Guest]

It is strange about this case though, that we have 2 Brian Kennedy's involved with the fund in one way or another, 2 Michael Wrights driving the same Renault, and 2 McCanns one owning apartment, one renting.......any more??

Two Maddies - one who was abducted and the other one who the dogs say is dead and hidden.

[aiyoyo]

Brian Kennedy the Uncle ?
The one who said right from the start that the "Fund" WOULD be used mostly for legal fees ?
I wish there were some reporters with the guts to ask the supplementary question "What the Hell are you talking about ?"

I thought the Uncle resigned long ago and returned to work. He was the first to leave the Fund, followed by a few others.

No, that was John McCann GM's brother, and Doug Skehan who resigned in July and August 2010. Brian Kennedy the uncle has been on the board since the beginning, or almost the beginning I think.

ETA I think BK is retired.

All in the family anyway. Jon Corner is Maddie's godfather if I am not wrong.
Apart from Edward Smethurst who is their in-house lawyer, Michael Linett is the only independent(?) Director.

Logically a Fund like that should not have family members as directors.
------
Admin: Link to more info about Michael Linnett [You must be registered and logged in to see this link.]

[monkey mind]

All these Brian Kennedys are still causing confusion!

Here's a reminder of the uncle's comment that the money was likely to be used mainly for legal expenses.

[You must be registered and logged in to see this link.]

It's also interesting to hear that Gerry's spirits were lifted by the setting up of the fund. Thanks Eileen for that little gem!

Of course it goes without saying that countless parents of children who have vanished home and abroad neither needed nor asked for a penny in legal expenses, not because they could afford to settle the bills themselves they simply had no need for lawyers nor could foresee any plausible reason why they should.
But Ger’s mum tells us her little boy’s spirits picked up at the launch of the fund.

[Guest]

So, not being very clever with accounts can someone explain in plain English what is what? Book proceeds around 350,000 is that correct or have I got it wrong.

According to these articles book sales totalled nearly a million, and the serialisation in the Sun paid the McCanns around £500,000 Then there was the book advance, does that come out of the sales?

Madeleine McCann Missing: Kate McCann Book About Disappearance Raises Almost £1m

[You must be registered and logged in to see this link.]



From Rebakah Brookes evidence at Leveson re book serialisation..............

Gerry McCann told the inquiry that they were initially "horrified" about the serialisation, but were later convinced after News International pledged to back their campaign if they agreed to the serialisation.

Brooks can't remember how much News International paid for the book serialisation.

"Hundreds of thousands. It wasn't £1m. Half a million maybe?"

She adds: "I had always got on very well with Gerry and Kate McCann. I think if asked they would be very positive about the Sun. In this case I thought Dominic Mohan's idea to run the campaign, this review of Madeleine's case by the home secretary, was the right thing to do … I don't think I spoke to Theresa May directly. Dominic [Mohan] may have done."

[You must be registered and logged in to see this link.]

[Guest]

New solicitors
Stevenson Harwood seem to have replaced Bates Wells Braithwaite
I wonder why ?

For the years 2009, 2010 and 2011, Stephenson Harwood are listed as company solicitors along with Bates Wells and Braithwaite. In 2012 BWB is listed as company secretary in the name of BWB Secretarial Ltd.

I don't know why a small company would need two firms of solicitors.

[aiyoyo]

Thanks Ribisi for the accounts. So they've managed to spend nearly half a million pounds in a year on merchandising and campaign costs. Wow.

I also see for last year there is no mention as in the previous years of using the fund to bring legal proceedings in Portugal.

Any thing can be hidden under "Merchandising & Campaign" really.
Have we seen the merchandise they marketed in 2012 that is worth 1/2 million? I don't believe so!
Half a million pounds worth of merchandise is hell of a lot of money.
Even if we were to allow half that for campaign, did they do any campaign in 2012 -- after the Review was well underway? I dont believe so!
They might have spin a little in the Press but no real campaign far as I know that would cost that kind of money.

This set of accounts is even less transparent than previous years.
Of course there would be legal fee pertaining to the proceedings in Portugal somewhere in the accounts, just hidden under different heading. Else who paid or would be paying those bills - you can bet your bottom dollar it wont be the mccanns.

We only have CR's words that Fund won't be used for their fees but unless their books are opened for inspection no one is going to be any wiser.

That begs the question just WHO is footing their legal bills and WHY? What is in it for him?
This in itself is highly unusual in a case like this - that a total stranger would pick up the legal tabs for someone not known to him priorly!
Is he just being generous, a plain good samaritan's gesture? Or something else?
It leaves you wondering why he didn't use the money for the Search instead of wasting it suing people as suing people wont bring her back.
Their priority is reversed, unless they already knew she is dead hence search is total waste of money whereas suing people is their priority to stop the truth from coming out.

[aiyoyo]

Mr Linnett serves as a director(trustee) on that charity for 35 years
but resigns after 6 months as a director of the Fund.......interesting

Lifted that from the Michael Linnett thread. So why did he suddenly give up being trustee of Catholic Charity : Faith in Families (adoption agency) after 35 years on it to become a permanent fixture in a much smaller Co. ie the Mccanns Fund?
It just does not make sense. He could well have remained as trustee of both and who's going to complain?

BK is freemason, Michael Linnett is also freemason, so is Edward Smethurst. No wonder it is such a watertight cover up.

[Guest]

I also note they say in the accounts that

since March 2012 private investigation of lines of enquiry has been suspended whilst the MPS review progresses.



The public weren't actually informed until October 2012 in this country, and of course 6 months earilier, in May 2012, we had the Portuguese papers telling us that the PI's had not worked for the McCanns since the review started which was May 2011.



From the Express [snipped]....

MADDIE MCCANN PRIVATE EYES OF


Sunday October 28,2012


By James Murray and Tracey Kandohia



KATE and Gerry McCann are no longer employing private detectives to search for their missing daughter Madeleine.



They are pinning all hopes of finding their child on Scotland Yard detectives who are conducting an “investigative review” of evidence but have yet to make a breakthrough.

The Sunday Express understands the McCanns stopped using former police detectives Dave Edgar and Arthur Cowley some months ago when their contract ran out.

[You must be registered and logged in to see this link.][/quote[/url" target="_blank" rel="nofollow">]

This from Portugal May 2012.....

[snipped]

Despite having forgone private detectives since the British police began working on the case, keep costs assessors and operation of telephone lines and website.
[url=http://www.dn.pt/inicio/portugal/interior.aspx?content_id=2452236&page=-1][You must be registered and logged in to see this link.]

[Guest]

Aiyoyo: just to confirm that Michael Linnett is still a director of the Madeleine Fund - there was confusion with Philip Tomlinson on the earlier topic.

I haven't seen anything to confirm that he left the Catholic adoption charity; there's no reason why he can't have stayed there.

[Ribisl]

Some observations from the very limited information available:

1. GBP738,487 from the book sale was donated to the fund which means other income, namely public donations and sale of merchandise has declined from GBP177,534 in 2011 to GBP117,906 in 2012..

2. Of that GBP738,487 they have separated GBP550,000 as 'Restricted Funds' to cover the direct costs of the search for, and the investigation into the disappearance of, Madeleine. This presumably is so to stem the tide of criticisms that the Fund was being used to pay their lawyers' fees. However, it is impossible to know what is included in the costs of GBP234,086.
From the list of Fund's activities listed on page 2, one would assume the following two to fall into this category:
-facilitated complete hand over of all material related to Madeleine's abduction held by The Fund to the MPS
-supported a small investigation team, including a Portuguese speaker to lead a private search for Madeleine

3. This leaves Merchandising and Campaign Costs of GBP242,727 in the Unrestricted Funds column. This is the figure that could include all sorts of costs including lawyers' fees. If, for example, the lawyers were paid out of the Fund to take News International to court, then it seems morally fitting to donate the compensation won back into the Fund. But that half a million is no where to be seen.

[Guest]

It was the Express Group the McCanns sued for £500,000 I think Ribsl.

There was also the £125,000 'hush' money from News of the World, as the Guardian first titled their headline which was hastily changed, on the link below from Anorak.....

[You must be registered and logged in to see this link.]

[Ribisl]

It was the Express Group the McCanns sued for £500,000 I think Ribsl.

There was also the £125,000 'hush' money from News of the World, as the Guardian first titled their headline which was hastily changed, on the link below from Anorak.....

[You must be registered and logged in to see this link.]

Sorry I got a bit mixed up. If News Int paid for the serialisation of her book, that payment was given to KM but not donated to the Fund even though the money was presumably part of their 'backing the campaign'.