No Stone Unturned Fund Accounts

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Post  candyfloss on Tue 06 Feb 2018, 10:46 am

It would seem the accounts are in??


JillyCL  ☮️‏ @JillyCL · 32m32 minutes ago  



They can't even spell Gonçalo Amaral's name correctly & WTF is "discredited Portuguese detective..." all about?!  

From the 'Notes to the Financial Statement' in the  #McCann a/cs submitted to Companies House.....




No Stone Unturned Fund Accounts - Page 3 DVWDPjHX0AEUqON

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Post  candyfloss on Tue 06 Feb 2018, 10:49 am

Lee Meadow‏ @Meadowuk ·



Emmm accounts in: Looks like £728k up £14k from previous year. Of course are still a year out of date, with 2017\18 due 31st March, so will not reflect payments to Portuguese courts. But needs some interpretation, that how I read them for now. #mccann https://beta.companieshouse.gov.uk/company/06248215/filing-history


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Post  unreorganised on Tue 06 Feb 2018, 10:58 am

candyfloss wrote:

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Post  Antonia on Tue 06 Feb 2018, 11:59 am

Surely Sr Amaral might have a case for libel for use of the word 'discredited' in these audited accounts. Even if it were true, the use of the word is entirely unnecessary. Accounts should be businesslike, factual and not verbose.

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Post  Dee Coy on Tue 06 Feb 2018, 12:38 pm

Agree, Antonia.

Would this be down to the new accountants, if any? Who are the new accountants....

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Post  froggy on Tue 06 Feb 2018, 12:43 pm

Dee Coy wrote:Agree, Antonia.

Would this be down to the new accountants, if any? Who are the new accountants....

No, put it down to Director editing.
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Post  Dee Coy on Tue 06 Feb 2018, 12:54 pm

Could they be the new "accountants"? Cool

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Post  Poe on Tue 06 Feb 2018, 3:06 pm

Antonia wrote:Surely Sr Amaral might have a case for libel for use of the word 'discredited' in these audited accounts.  Even if it were true, the use of the word is entirely unnecessary. Accounts should be businesslike, factual and not verbose.


I agree, it's childish and spiteful.

On the plus side, it shows that someone is still seething about the court result to the extent that they cannot resist making such a snide and uncalled for dig.

Whoever decided to call Mr Amaral "discredited" must be a fluffy ball of sunshine and happiness to live with lol!

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Post  Antonia on Tue 06 Feb 2018, 3:48 pm

We always suspected that the Fund was used to pay the various lawyers the McCanns used to sue people but as the accounts were always less than transparent we could not prove that.

Now these accounts state that included in the 'other creditors' at 31 March 2017 £51,718 is money for Isabel Duarte for her work over the years re the legal case against Sr Amaral.  Which must mean that most of the costs in recent years was for lawyers and not searching as we all thought.

Would love to see all the genuine donors who gave money in the past look for it back as they were misled.
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Post  Freedom on Tue 06 Feb 2018, 4:37 pm

A reminder of Uncle Brian Kennedy and what has turned out to be a very accurate comment from him about most of the money probably being used for legal expenditure.

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Post  poster on Fri 06 Apr 2018, 9:53 pm

Ah....interesting that Grandma says that the fund 'stacking up' has 'uplifted' Gerry.

And Uncle Kennedy tells us how easy it is  to hand over money to the fund. Money which, he admits, will be mostly used for legal expenses. So not for finding Madeleine, then?

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Post  Guest on Sat 07 Apr 2018, 1:54 am

poster wrote:Ah....interesting that Grandma says that the fund 'stacking up' has 'uplifted' Gerry.

And Uncle Kennedy tells us how easy it is  to hand over money to the fund. Money which, he admits, will be mostly used for legal expenses. So not for finding Madeleine, then?


To me  Gerry's mother says "...........the fund starting that's (that has) uplifted him........".
Meaning the limited company had now been set up in London.
This was two weeks after Maddie had gone missing!

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Post  Freedom on Sat 07 Apr 2018, 9:04 am

That is definitely what she says - the fund and the limited company being the same thing. Money had already been coming in unrequested but now there was an official place for it to be sent.

How I wish that Uncle Brian had been asked what legal fees anyone could envisage at such an early stage.
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No Stone Unturned Fund Accounts - Page 3 Empty The Fund Accounts - year ending 31 March 2018

Post  Antonia on Fri 28 Dec 2018, 12:27 pm

The Accounts to 31 March 2018 are due by 31 Dec 2018 (3 days away) or a fine of £100 will apply which increases as the lateness increases.

Just checked online and surprise surprise no sign of the accounts yet.

the 2017 accounts were filed later than usual - 5 Feb 2018 per Companies House.  Normally the accounts are filed on the last possible day.

You have 9 months after the accounting year end in which to send in your accounts - quite a reasonable time it seems to me. But I suppose the McCanns are so busy searching that they just can't find the time to deal with boring bureaucratic requirements in a timely fashion.

Given the board of the Fund has financial and legal expertise (John Griffin - tax consultant, Edward Smethurst - solicitor) you would expect these board members would be concerned that the audited accounts are filed as soon as practical and not at the last moment.
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Post  Freedom on Fri 28 Dec 2018, 2:29 pm

We'll just have to contain our impatience as we always do.
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Post  Antonia on Fri 28 Dec 2018, 3:54 pm

Below an extract from the official madeline website copied and pasted today Dec 28, 2018

There are six directors of the Fund. They are:
• Brian Kennedy - Retired head teacher;
• Edward Smethurst - A Commercial lawyer;
• Jon Corner – Director of a media company;
• Michael Linett - Retired accountant
• Kate McCann - General Practitioner
• Gerry McCann - Consultant Cardiologist
(7) What is the money being spent on ?
The majority of the fund money has been and continues to be spent on investigative work to help find Madeleine. Additionally money continues to be spent on the wider 'Awareness Campaign' – reminding people that Madeleine is still missing and to remain vigilant. None of the directors have taken any money from the fund as remuneration.
Anyone who wishes further information with regards to the financial details of Madeleine's Fund and its professional advisors, please refer to the accounts filed at Companies House. Crown Way Maindy Cardiff CF14 3UZ
[

Now Michael Linnett (Linnett is the spelling in Companies House - the website spells his surname differently)resigned on 3 May 2017 and DIED over a year ago.
A new director John Griffin was appointed on 13 September 2017.


How much work would it take to update this important matter ie who are the directors? Isn't it disrespectful to Mr Linnett's family not to have corrected the directors list and not to have expressed sympathy for his family and to have mentioned his 10 years service on the Board?

Telling people if they want to know about the Fund Accounts to go to the Companies Office really takes the piss. The accounts should be on the website and it wouldn't cost anything to put the accounts there!
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Post  froggy on Fri 28 Dec 2018, 4:11 pm

Details. Details.  You gotta look at the bigger picture  lol!
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Post  Freedom on Fri 28 Dec 2018, 4:13 pm

Not to mention the fact that Kate is no longer a G P.
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Post  Antonia on Tue 08 Jan 2019, 7:00 pm

I signed up at Companies House to get an alert when anything is filed re the Fund.

Big excitement at home today - as got the alert that accounts to march 2018 received today Jan 8 and now being processed and will be available in 5 days.

All that info in the accounts will indeed take time to process....I don't think!
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Post  niklasericson on Tue 08 Jan 2019, 10:51 pm

Antonia wrote:Below an extract from the official madeline website copied and pasted today Dec 28, 2018

There are six directors of the Fund. They are:
• Brian Kennedy - Retired head teacher;
• Edward Smethurst - A Commercial lawyer;
• Jon Corner – Director of a media company;
• Michael Linett - Retired accountant
• Kate McCann - General Practitioner
• Gerry McCann - Consultant Cardiologist
(7) What is the money being spent on ?
The majority of the fund money has been and continues to be spent on investigative work to help find Madeleine. Additionally money continues to be spent on the wider 'Awareness Campaign' – reminding people that Madeleine is still missing and to remain vigilant. None of the directors have taken any money from the fund as remuneration.
Anyone who wishes further information with regards to the financial details of Madeleine's Fund and its professional advisors, please refer to the accounts filed at Companies House. Crown Way Maindy Cardiff CF14 3UZ
[

Now Michael Linnett (Linnett is the spelling in Companies House - the website spells his surname differently)resigned on 3 May 2017 and DIED over a year ago.
A new director John Griffin was appointed on 13 September 2017.


How much work would it take to update this important matter ie who are the directors? Isn't it disrespectful to Mr Linnett's family not to have corrected the directors list and not to have expressed sympathy for his family and to have mentioned his 10 years service on the Board?

Telling people if they want to know about the Fund Accounts to go to the Companies Office really takes the piss. The accounts should be on the website and it wouldn't cost anything to put the accounts there!

John Griffin, the multi millionaire and the founder of "Addison Lee"?

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Post  Freedom on Wed 09 Jan 2019, 10:32 am

Alas, the link doesn't work - I can't deal with the disappointment!
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Post  Antonia on Wed 09 Jan 2019, 10:37 am

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Post  Antonia on Wed 09 Jan 2019, 6:00 pm

I have been studying the accounts all day (slight exaggeration!) and am struggling to find some new information to convey.

In the notes it states that £84,096 was received in the year as a donation out of post tax royalties from the book. I looked at the 2017 accounts and saw that we were told about this donation in those accounts, only under the heading Post Balance Sheet events.

May I now 'purport a theory' . Purporting theories is I understand OK with Dr Gerry McCann.

In 2017 and 2018 there was well over £200,000 in the bank - enough to hire a top investigator like Mark Williams Thomas to continue the search - so why donate the net book royalties? Also the Fund's investments which could be sold if necessary are worth over £500,000. The Fund was not in need of an urgent substantial donation to keep afloat.

My theory is that the 'donation' was keeping their spare money safe from 'discredited' detective Amaral when the McCanns finally are asked to cough up the legal costs for their long running cases against him which they have lost. I think the cases were taken in their names and not in the Fund's name and hence money in the Fund is untouchable.

Does any legal member know if the Fund money could be touched if it could be shown money was in effect laundered there to avoid legitimate legal costs?


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Post  dogs don't lie on Wed 09 Jan 2019, 10:48 pm


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