Madeleine's Fund - account OVERDUE

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Company Details

Name & Registered Office:
MADELEINE'S FUND: LEAVING NO STONE UNTURNED LIMITED
2/6 CANNON STREET
LONDON
EC4M 6YH
Company No. 06248215

Status: Active
Date of Incorporation: 15/05/2007

Country of Origin: United Kingdom
Company Type: PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Nature of Business (SIC):
88990 - Other social work activities without accommodation not elsewhere classified

Accounting Reference Date: 31/03
Last Accounts Made Up To: 31/03/2011 (FULL)
Next Accounts Due: 31/12/2012 OVERDUE
Last Return Made Up To: 15/05/2012
Next Return Due: 12/06/2013

Previous Names:
No previous name information has been recorded over the last 20 years.

Hi Karen , this was mentioned on the NSU thread. With it being the New Year we won't know for sure until a check tomorrow. If the Accounts have not been filed the Company will be fined

Panda wrote:Hi Karen , this was mentioned on the NSU thread. With it being the New Year we won't know for sure until a check tomorrow. If the Accounts have not been filed the Company will be fined

Thanks Panda

Can anyone get up the Mccann Fund Fraud website?

I see the "totally transparent charity fund' is still overdue......

Will they say who is the fund administrator after 5 years? It is a transparent fund isn't it? Sure this is what the mccanns said it was

If accounts are late they will be fined, I dont think the public who donated money will be
very happy about money being used to pay fines cos they didnt get accounts in on time.

cherry1 wrote:If accounts are late they will be fined, I dont think the public who donated money will be
very happy about money being used to pay fines cos they didnt get accounts in on time.

Just less money for the mortgage, though am sure they will make this up with tax relief

This seems to be a yearly occurance.................

jd16 wrote:I see the "totally transparent charity fund' is still overdue......

Will they say who is the fund administrator after 5 years? It is a transparent fund isn't it? Sure this is what the mccanns said it was

Morning jd16......so the Company Accounts have not been filed yet? Try again today if you would and let us know.This could be very significant and I suspect Smethurst to be the culprit, don't forget, he is the Corporate Lawyer for Kennedy,s Companies. This is a Private Company and very small so it would not take long to prepare the Accounts and obviously will be fined for late filing. Kennedy has had Companies struck off so Smethurst is familiar with the routine.

It was John McCann , Chairman , who said the Fund would be administered under the "Good Governance for Charities guidelines" , but this was scrapped after the first year.

Panda wrote:

jd16 wrote:I see the "totally transparent charity fund' is still overdue......

Will they say who is the fund administrator after 5 years? It is a transparent fund isn't it? Sure this is what the mccanns said it was

Morning jd16......so the Company Accounts have not been filed yet? Try again today if you would and let us know.This could be very significant and I suspect Smethurst to be the culprit, don't forget, he is the Corporate Lawyer for Kennedy,s Companies. This is a Private Company and very small so it would not take long to prepare the Accounts and obviously will be fined for late filing. Kennedy has had Companies struck off so Smethurst is familiar with the routine.

It was John McCann , Chairman , who said the Fund would be administered under the "Good Governance for Charities guidelines" , but this was scrapped after the first year.

I expect these fora are being scanned by TM to see if they've overlooked something. Or perhaps it's really difficult to slip the proceeds of the book into the sums received. Tax must be paid on that and we have been told that it was a six figure sum.
It wasn't there last year when - as it was an advance on royalties - could even have been paid before publication, i.e. early 2011.

The report of Enid O'Dowd - a forensic examination of the accounts rendered last year are most informative. http://www.mccannfiles.com/id405.html

Morning tigger,

The Fund was only ever to get the royalties from the sale of the Book and these would probably have been paid monthly .once the advance had been repaid. Nothing complicated there and the 20% tax payable would have been provided for in the Accounts as a Creditor

The McCanns kept the "substantial advance" and £200,000 paid for the serialisation by the Sun. The McCanns would have been taxed for these items. Maybe the delay has been caused by the McCanns trying to avoid tax by "giving" the money to the Fund and taking it out again via some expense.

The Special Resolution that all the Directors signed ro remove any financial aid to the McCann family was signed in November 2011 only 4 months before the accounting year end to 31/3/12

It could be that the auditors have found something they are not happy with and have refused to sign off the accounts.

Panda wrote:Morning tigger,

The Fund was only ever to get the royalties from the sale of the Book and these would probably have been paid monthly .once the advance had been repaid. Nothing complicated there and the 20% tax payable would have been provided for in the Accounts as a Creditor

The McCanns kept the "substantial advance" and £200,000 paid for the serialisation by the Sun. The McCanns would have been taxed for these items. Maybe the delay has been caused by the McCanns trying to avoid tax by "giving" the money to the Fund and taking it out again via some expense.

The Special Resolution that all the Directors signed ro remove any financial aid to the McCann family was signed in November 2011 only 4 months before the accounting year end to 31/3/12

It could be that the auditors have found something they are not happy with and have refused to sign off the accounts.

It's my personal opinion that quite a lot of money such as the book advance and film rights etc. did not go into the Company NSU but to offshore accounts.
If I wanted to make myself financially secure it would be the obvious action to take.

I hope Enid O'Dowd is standing by for this year's account of the accounts...

tigger wrote:

Panda wrote:Morning tigger,

The Fund was only ever to get the royalties from the sale of the Book and these would probably have been paid monthly .once the advance had been repaid. Nothing complicated there and the 20% tax payable would have been provided for in the Accounts as a Creditor

The McCanns kept the "substantial advance" and £200,000 paid for the serialisation by the Sun. The McCanns would have been taxed for these items. Maybe the delay has been caused by the McCanns trying to avoid tax by "giving" the money to the Fund and taking it out again via some expense.

The Special Resolution that all the Directors signed ro remove any financial aid to the McCann family was signed in November 2011 only 4 months before the accounting year end to 31/3/12

It could be that the auditors have found something they are not happy with and have refused to sign off the accounts.

It's my personal opinion that quite a lot of money such as the book advance and film rights etc. did not go into the Company NSU but to offshore accounts.
If I wanted to make myself financially secure it would be the obvious action to take.

I hope Enid O'Dowd is standing by for this year's account of the accounts...

I'm positive the advance and £200,000 went into off-shore accounts, as did the £300,000 paid to Halligen, Kennedy had 26 "Holding " Companies for money to be put in and removed the next day. Apparently Kennedy was responsible for recruiting and paying for the Experts to search for Madeleine if there are any charges against the McCanns , expect Kennedy and Smethurst to be charged as well.

Panda wrote:

tigger wrote:

Panda wrote:Morning tigger,

The Fund was only ever to get the royalties from the sale of the Book and these would probably have been paid monthly .once the advance had been repaid. Nothing complicated there and the 20% tax payable would have been provided for in the Accounts as a Creditor

The McCanns kept the "substantial advance" and £200,000 paid for the serialisation by the Sun. The McCanns would have been taxed for these items. Maybe the delay has been caused by the McCanns trying to avoid tax by "giving" the money to the Fund and taking it out again via some expense.

The Special Resolution that all the Directors signed ro remove any financial aid to the McCann family was signed in November 2011 only 4 months before the accounting year end to 31/3/12

It could be that the auditors have found something they are not happy with and have refused to sign off the accounts.

It's my personal opinion that quite a lot of money such as the book advance and film rights etc. did not go into the Company NSU but to offshore accounts.
If I wanted to make myself financially secure it would be the obvious action to take.

I hope Enid O'Dowd is standing by for this year's account of the accounts...

I'm positive the advance and £200,000 went into off-shore accounts, as did the £300,000 paid to Halligen, Kennedy had 26 "Holding " Companies for money to be put in and removed the next day. Apparently Kennedy was responsible for recruiting and paying for the Experts to search for Madeleine if there are any charges against the McCanns , expect Kennedy and Smethurst to be charged as well.

Morning Panda and tiger,
Wishful thinking, but maybe, just maybe, SY are looking into the 'fund' and everything has been put on 'hold'.

I was wondering about that too, wjk.
Presumably if the 'fund' became part of a police investigation, the account filing and other pending transactions would have to be suspended?

If the Accounts to 31.3.12 were signed off by the Auditors and an investigation is taking place they would be withheld.. The Halligen payment was made in 20010 and the accounts filed , but if there is an inspection by SY they will have to trace ALL the payments since the Company was incorporated . ABCes interviewed Metodo 3 a while ago and they said they never received the sums quoted in the Press, they were appointed in 2007.

I used to work a long time ago at a Local Accounts Firm as a Company and Trust administrator and shared an office with qualified Accountants. One of them , recently qualified , while doing a random check on invoices (usually 20%) found fraud within the Company because she had phoned a Supplier to the firm using their invoice and the Company did not exist.!!! She was very nervous but I told her she must report it to one of the Partners.......the Partner signed the Accounts!!!!

Panda, (Happy New Year btw! x) can you remember what day the accounts showed up on Companies House website as filed last year?

They always leave it to the last day don't they? I just wonder how long the website takes to update.

With acknowledgement to the Jill Havern site, the accounts for the year ended March 2011 came in on 30th December 2011.

http://www.jillhavern.forumotion.net/t4172-fund-accounts-2011?highlight=accounts+2012

Not Born Yesterday wrote:With acknowledgement to the Jill Havern site, the accounts for the year ended March 2011 came in on 30th December 2011.

http://www.jillhavern.forumotion.net/t4172-fund-accounts-2011?highlight=accounts+2012

Cheers NBY. I won't get my hopes up though, we've been hoping for a breakthrough too many times.

almostgothic wrote:I was wondering about that too, wjk.
Presumably if the 'fund' became part of a police investigation, the account filing and other pending transactions would have to be suspended?

I feel its the only way the McC's will face any criminal charges now, through the 'fund'. There is no way SY can say they have done a thorough review if they don't check out the 'fund' imo..
Like margaret says, lets not get our hopes up, but......

Madeleine's Fund

About the Fund

"....An experienced Fund Administrator has been appointed to ensure the highest standards of transparency and accountability. "

http://www.findmadeleine.com/about_us/madeleines-fund.html

This one sentence alone contradicts itself....In the name of transparency who is the "experienced Fund Administrator"?

Accountability....why hasn't this mysterious "experienced Fund Administrator" accounted for the bewk payments/advancements...halligan's payments....37k to run the website

wjk wrote:

almostgothic wrote:I was wondering about that too, wjk.
Presumably if the 'fund' became part of a police investigation, the account filing and other pending transactions would have to be suspended?

I feel its the only way the McC's will face any criminal charges now, through the 'fund'. There is no way SY can say they have done a thorough review if they don't check out the 'fund' imo..
Like margaret says, lets not get our hopes up, but......

i think the only way the mcanns might face a court room is the fund -- someone said in the early days greed and the fact they think they are untouchable will be their own fall -- why do they need a fund now ? imo this is why dc agreed to the review -- to tell them to stfu and stop begging -- thats all

margaret wrote:Panda, (Happy New Year btw! x) can you remember what day the accounts showed up on Companies House website as filed last year?

They always leave it to the last day don't they? I just wonder how long the website takes to update.

Happy New Year to you as well./ x

I think they were filed at the last minute and when you think there are 9 months to prepare and audit , for such a small Company it does make you wonder who is doing the book-keeping.!!!

There has been no transparency on the accounts at all......everything lumped together , no Directors Fees shown, no breakdown of expenses etc £100,000 to translate the Portugese Files? £37,500 to create the website? I sincerely hope the Accounts are being investigated

C4 Reporter - Last question. I think a lot of people would say that quite a lot of money has been made from Madeleine's disappearance from various court cases. How much has been made and is this being used in legal hearings like the one we've seen in Portugal?

Clarence Mitchell - The fund is there to assist Kate and Gerry in whatever way necessary. There are a number of other backers as well outside the fund who also assist at times. The bulk, in fact all of the public money that came in in the early stages was all spent entirely properly on the search for Madeleine, on the investigative costs and everything else around that. Most of the monies that are still in the fund now are actually there from either the settlements against the Express Group newspapers and other media outlets that have also defamed them and so that is money that was, if you like, brought in through court action, not the public. And on top of that the most recent monies that have come in have been through supporters kindly donating at a fund-raising event and again they would be more than happy as supporters to see the money spent in any way that assists Kate and Gerry and the wider family and their investigators in the search for Madeleine.

http://joana-morais.blogspot.com/2010/02/video-clarence-mitchell-spinning-for.html

Don't recall seeing any accounting entries from the Express Group newspapers in their "Transparent Charity Fund"