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Accounts 31 March 2013

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Accounts 31 March 2013

Post  Chris on Thu 9 Jan - 12:07

I see Mccannfiles has the latest accounts for the fund. Income is down significantly at £70K - not clear what it is as they seem to have made a loss on merchandising if the tax recovery is due to its "trading" activity. The accounts state the fund is bearing the costs of witnesses for the libel trial but is silent on legal costs.

http://www.mccannfiles.com/id474.html

Chris
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Re: Accounts 31 March 2013

Post  Lioned on Thu 9 Jan - 13:44

Very interesting.So about £416k left as at March 2013.Not sure how they work out restricted and unrestricted %.Not very clear and transparent regarding operating costs but i see they have looked after their witness's for the Libel trial.
My guess is the legal costs and ongoing 'operating costs' since last March have taken a chunk out of that,but they will probably be pleased there's enough left for a new company 4x4 to get them to their engagements this Winter.

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Re: Accounts 31 March 2013

Post  kitti on Thu 9 Jan - 16:55

So 550,000 up front for the book....income from the book 335,000......so she didnt get the money she hoped for then from the book sales..

Or is that the money from the newspapers for the serialisation....

So if you work that out.....neally 1m for selling  her daughter

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Re: Accounts 31 March 2013

Post  jinvta on Thu 9 Jan - 17:07

I have no doubt that not all of the money earned from the book(s) when into the Fund.

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Re: Accounts 31 March 2013

Post  Panda on Thu 9 Jan - 17:28

It was only ever intended that the Royalties would go into the Fund. Also, Tony Bennets' Trial after March will have soaked up a lot of money in Legal Fees. The McCanns were in Portugal in October liaising with SY and a Portugese guy over the latest news. No More Books, no more "events" to raise money, I think the Merchandising has ceased ....I don't think there will be much left and the Accounts are to 31/3 so not long before they have to be prepared. I also seem to remember there is a restricted sum of several thousand , so the actual cash balanace will be small.Never mind, the McCanns are loaded with all the money they have been getting so maybe they will put some into the Fund .......I don't think.!!!!

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Re: Accounts 31 March 2013

Post  jeanmonroe on Thu 9 Jan - 17:41

There were no employees in the year?

So what is Mitchell?

Still getting £30,000 (40%) per annum, of his wages from the 'fund'.

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Re: Accounts 31 March 2013

Post  Panda on Thu 9 Jan - 17:52

jeanmonroe wrote:There were no employees in the year?

So what is Mitchell?

Still getting £30,000 (40%) per annum, of his wages from the 'fund'.


The Daily Mail was the first Newspaper to comment on the fact that only 13% of the income was spent on Searching, now I would say 1% because there is only Dave. I know a few people who have tried to get the Accountr investigated , to no avail, even the Press are reluctant to raise the matter and are the only ones with any clout......but they all seem shy, I don't know why because even though it is a Private Company, it is by and large Public money, or was in the beginning , 2 million pounds in December 2007.

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Re: Accounts 31 March 2013

Post  interested on Thu 9 Jan - 18:44

I hope Enid O'Dowd will be doing an analysis of the latest accounts as she did for mccannfiles.com as of 31/3/2012. I find her in-depth analysis much easier to understand just what the McCanns have been up to. She ended her analysis last year with the statement: "Transparent is not a word I would use to describe the 2012 accounts."

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Re: Accounts 31 March 2013

Post  Panda on Thu 9 Jan - 18:52

interested wrote:I hope Enid O'Dowd will be doing an analysis of the latest accounts as she did for mccannfiles.com as of 31/3/2012.  I find her in-depth analysis much easier to understand just what the McCanns have been up to.  She ended her analysis last year with the statement:  "Transparent is not a word I would use to describe the 2012 accounts."

I think she will be saying that again Interested, the problem is, it is a Private Company so not obliged to report every single thing . I can't ever remember how much the Directors have been paid, nor the ex Policemen.....in fact anybody. This has always bothered me.....the Fund was set up, Directors Appointed, Merchandise bought , Bank account sorted about roughly 12 days after Madeleine disappeared......how come Gerry et all KNEW that Madeleine would not be found in the interim.????

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Re: Accounts 31 March 2013

Post  Lioned on Thu 9 Jan - 19:00

I see they spent nearly £97k boosting the book sales into the top ten.Thats a hell of a lot of books getting damp in the garden shed.

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Re: Accounts 31 March 2013

Post  interested on Thu 9 Jan - 19:03

Panda wrote:
interested wrote:I hope Enid O'Dowd will be doing an analysis of the latest accounts as she did for mccannfiles.com as of 31/3/2012.  I find her in-depth analysis much easier to understand just what the McCanns have been up to.  She ended her analysis last year with the statement:  "Transparent is not a word I would use to describe the 2012 accounts."

I think she will be saying that again Interested, the problem is, it is a Private Company so not obliged to report every single thing . I can't ever remember how much the Directors have been paid, nor the ex Policemen.....in fact anybody.  This has always bothered me.....the Fund was set up, Directors Appointed, Merchandise bought , Bank account sorted about roughly 12 days after Madeleine disappeared......how come Gerry et all KNEW that Madeleine would not be found in the interim.????




How come indeed!!!

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Re: Accounts 31 March 2013

Post  weissnicht on Thu 9 Jan - 20:00

Chris wrote:I see Mccannfiles has the latest accounts for the fund. Income is down significantly at £70K - not clear what it is as they seem to have made a loss on merchandising if the tax recovery is due to its "trading" activity. The accounts state the fund is bearing the costs of witnesses for the libel trial but is silent on legal costs.

http://www.mccannfiles.com/id474.html
so far as I see, it says the so called Fund pays PR in Portugal..and the cost of the witnesses for the trial. (Their own cost are surely under something else...search...or something) I think all the lawyers and court bills will come after the case is finnished..or not?

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Re: Accounts 31 March 2013

Post  kitti on Thu 9 Jan - 20:54

The PR to make the portuguese people think they are innocent, hard done by, mr amaral is a bitter man PR?

The mccanns havent enough money to do that.

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Re: Accounts 31 March 2013

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