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Reply
| | From:  tin-lizzy (Original Message) | Sent: 9/25/2008 12:03 PM |
| Author: | HiDeHo [ Sun Aug 24, 2008 10:16 pm ] | | Post subject: | What have they received in income and paid in expenses? |
See the 'Fund' video by Cati
http://www.youtube.com/watch?v=mkiEKm5Mo_s
video about the fund issue
viewtopic.php?f=35&t=22661&p=613475#p613475
Why does it always seem to be around £500,000 left in the fund at any given time?
It's 16 months since Maddie went missing, surely there is a cut off point where they are no longer justified in asking for money?
Never a mention of gratitude to all those that donated along with an update of all funds received...
How much has been donated by the public?
How much has been donated by the backers?
How much has been received from various tv/radio/newspaper/magazine interviews?
Add to that the £500,000 from the Express.
How much has been promised in 'reward' money should Madeleine be found?
To have spent as much as they have in the last year and to still have nearly half a million left in the fund makes you wonder what their total income from different sources has been this last year and how much has been 'used'.
I have been putting together a list of 'income' and 'expenses' just to get an idea of the amounts possibly involved.
What other amounts should be added to this list?
----------------------------------------------------------------
(Constantly updated when possible)
Here is a list of (alleged) fund expenses and income that I put together (needs updating)
It should be noted that some amounts are 'Fund received' and some are 'fund balance ' (no accountability for how much received and spent) at that time.
Most of the amounts were prior to Aug with many donations received after (eg Express).
Any amounts before August may already be included in fund received or balance.
Ultimately it is impossible to say how much they received but it is looking to be well over £2 million ...
Unable to include links to sources (space) but amounts taken from this thread, the FUND thread and Madeleine group articles.
Fund Balance (end of month)...
MAY 07.........................May 20th .............£73,505.58 (The balance on the fund)
...................................May 26th................£313,091.17
JUNE 07........................June 10th ............£700,000.
...................................June 30th................£867,138.04 (Donations rec'd to date.)
JULY 07........................ July 13th...............£901,234.89 received to date
AUGUST 07................... August 5th...........£901,234.89 received to date
...................................August 20th..............£946,843.92 received to date
...................................August 29th..............£1,005,000 received to date
***
SEPTEMBER 07.............. SPENT to date...£300,000,â€�?said Ms McVey
...................................Sept 12th...................£1,036,104.17 Rec'd to date according to the official campaign website
OCTOBER 07................. Oct 30................£1.09 million rec'd to date
Oct 30 The Find Madeleine fund,
which has raised �?.09 million
from public donations
NOVEMBER 07................
DECEMBER 07................
JANUARY 08..................£500,000 (clarrie on talksport)*
FEBRUARY 08................**
MARCH 08.....................£550,000 + £550,000 (Express Clarrie Quote)=£1.1million.
APRIL 08......................
MAY 08........................£850,000 (John McCann in pdl)
JUNE 08.........................£500,000
JULY 08........................
AUGUST 08...................£450,000 balance after paying Oakley International
SEPTEMBER 08
MISCELLANEOUS TO FUND
ITV...............................................................................£10,000
However, ITV says the producers retained
complete editorial control and no money
changed hands, save the �?0,000 the
broadcaster had already contributed to
the Find Madeleine fund.
IMG MOVIE .....................................................................
talks Jan 8 08
Mitchell said. "We like the proposal,
we thought it was fair, but there
are others."
BOOK DEAL.....................................................................
In addition to a film deal, Mitchell
said it was a book deal was possible
"at some point down the line", as part
of efforts to find Madeleine
*Jan 10th £600,000...The McCanns spokesman
Clarence Mitchell
said the projected figure for the end of March,
if spending continued at current levels, is just
under £350,000..............................................Estimate=£100,000 per mth
**When the running total was last showing on the website it was at 1.2 million before the £550000 settlement from DE, the Documentary donation or the Hello contract money. And the interest must have added up to a pretty penny. It must be close to 2 mill.
*** August 21 2007 Donations of £946,843.92 have been received to the fund to date
**********************************************************
Individual income...
EXPRESS ....................................................................£550,000
HELLO.(Year long deal)................................................£1,500,000 ???approx
As well as the documentary, they have
agreed a deal with celebrity magazine Hello,
giving an interview in return for a series of
articles about the abduction alert campaign
in all international editions.
VANITY FAIR.................................................................
Last year, the Leicester Mercury's
Bands of Hope wristband campaign,
supported by thousands of readers,
contributed a further ............................................£57,000..
Dr Gerrys £100,000 plus salary..............................
CASH IN ENVELOPES.....................................................
Sent direct to their Rothley home
*********************************************************
EXPENSES FROM FUND.....
Living expenses...........................................................
Trips (prob family and friends included?) ..........................
2 mortgage payments - ...............................................£4,000
Justine Mcguiness .......................................................£50,000
Esther Mcvey..............................................................
Services given by the directors......................................
Their hotel bill comes straight from their private Madeleine Fund
(although they are not salaried if agreed
can charge for over and above their board duties)
Advertising Poster Campaign ..........................................£80,000
Setting up website........................................................
Setting up the fund .......................................................
Wholesale costs for merchandise purchase.........................
Legal costs...................................................................
(Brian Kennedy said thats what the
main expenditure was likely to be)
*****************************************************
INCOME FROM BACKERS
Sir Philip Green ..................................................
(has donated to a fighting fund
set up by the McCanns lawyers yesterday
May 16th 07
to help pay their legal bills)
Sir Richard Branson..................................£100,000
Sept 16(for fund)
Stephen Winyard......................................£100,000
Dec 8 07.. to help meet the escalating legal costs and £1million reward
*****************************************************
EXPENSES FROM BACKERS
Metodo 3 (Brian Kennedy)...........................50k a month since september 550k
Legal Bills (Sir Philip Green ).........................
DNA Tests (Stephen Winyard )....................
************************************************************
COMMENTS
"While I'm here, I thought I read somewhere these people had collected a total of over $ 6 million dollars. Can't remember exactly where I read this except to say it was on this forum. These figures just don't add up."
------------------------------------------------------------------------------
"We have had a preliminary meeting with some producers and directors from IMG with a view to discussing an idea for a film. We've not agreed anything, we're not about to sign anything," Mitchell said. "We like the proposal, we thought it was fair, but there are others."
The board of Madeleine's Fund is due to meet this week and will discuss the proposal. Mitchell said the film may have a "cinema feel", and would be key part of replenishing Madeleine's Fund.
"If in theory a large film were to be made our lawyers would make sure our commercial interests are protected," he said. "Madeleine's Fund is just over �?m. The money is going on investigators and advertising. It's dwindling. The money is going. I would imagine we've got a few months left. It's not going to last the year unless we get more money in."
http://www.guardian.co.uk/uk/2008/jan/08/film.ukcrime
--------------------------------------------------------------------------------
On the 9th January 2008, two of the existing directors of the Board of Madeleines Fund- Leaving No Stone Unturned, resigned.
ËœThere was a scheduled board meeting of Madeleines Fund today. We have reached a new longer- term phase in the search for Madeleine and we have reviewed how effective our Fund has been in pursuing its objectives. We agreed to continue our funding of the investigation to find Madeleine and we have decided to look at further media opportunities to support our search. To that end, we have invited two new directors to replace the two who stepped down, for business and personal reasons, We, together with Kate and Gerry McCann, extend our thanks to Esther and Phillip for their hard work and continuing support. We welcome Edward Smethurst and Jon Corner to the board to lend their expertise in commercial law and media.
----------------------------------------------------------------------------------
There's even talk of a book or film. According to Mitchell in the Daily Express the Madeleine Fund is in need of cash.
We need money to search for Madeleine and that is the most important thing. Nothing has been decided yet. A film would be made on a percentage basis, with part of the profits going to the fund. None of the money would go to Kate and Gerry. They are not trying in any way to profit out of her name
----------------------------------------------------------------------------------
in one 24horas report the other day mitchell is quoted as saying they havent paid them 50k a month since summer 2007!!!
----------------------------------------------------------------------------------------
Nov 07 Unlike their previous mouth, Justine McGuiness who was lawfully paid from the private company, Mitchell is being pretty coy about exactly who is signing his pay cheques.
I wonder why the cash is not coming from the Find Madeleine Fund. According to the fund's objects, I can't see any reason why. His role is exactly the same as that of McGuiness'.
------------------------------------------------------------------------------------
I've just spent a quid at Companies House.
Yes, you've guessed it the details of the Madeleine Fund- or to be more precise " Madeleine Fund: Leaving No Stone Unturned Limited." Number 06248215-are available.
The Company is Registered at the Offices of BWB Secretarial Limited 2-6 Cannon St London. There are three directors. Apart from John McCann who gives a Glasgow address, the others are Dr. Peter John Benedict Hubner MB FRCP DC and Douglas Skehan- a consultant cardiologist at the University Hospitals of Leicester NHS Trust.
An unnamed director resigned on 31st May 2007. And for those interested, the first accounts will be filed by 15th March 2009.
----------------------------------------------------------------------------------
June 19 07 - A couple of days ago I read the bringmadeleinehome website. G McCann writes this:
"Kate and I dropped Jon at the airport this morning and picked up some more friends/family who have come out to see us, but particularly the twins. They were certainly happy to see our visitors!"
And I bet those friends and family are unlikely to have to dip into their wallets to pay for their accommodation. The fund clearly allows payment of this kind to be made.
I'm grateful to George S for pointing out that the running total of the fund seems no longer to appear on the website. Perhaps when the total reaches �?,000,000. it will be just too embarrassing.
----------------------------------------------------------------------------
The fund also ruled that it would not help to pay the couples legal bills.
----------------------------------------------------------------------------
Esther McVey received NO money whatsoever, not even travelling or telephone expenses.
--------------------------------------------------------------------------The McCanns have hired Britain's top criminal law specialists Kingsley Napley to clear their reputations. But with the investigation dragging on, their legal costs could run into millions if the case goes to trial.
-----------------------------------------------------------------------------
The full objects of the Find Madeleine fund are:
1.1.1 To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal, on Thursday May 3, 2007;
1.1.2 To procure that Madeleine’s abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in assisting them, are identified and brought to justice;
1.1.3 To provide support, including financial assistance, to Madeleine’s family.
1.2 If the above objects are fulfilled then the objects of the foundation shall be to pursue such purposes in similar cases arising in the United Kingdom, Portugal or elsewhere
************************************************************
Tycoons withdraw support
http://groups.msn.com/madeleinemccann/b ... 9448172193
17/09/2007
Two millionaire businessmen who gave money to help find Madeleine McCann refused today to contribute to the legal fight to clear her parents' name
One entrepreneur, who refused to be named because of the delicate nature of the case, has given his backing in the past.
But today he told the Evening Standard: "I am not going to contribute any more. It is a difficult issue and it is not something I propose to get engaged in.
"It is the most confusing scenario anybody has ever seen. I am not judge and jury and I hope what I am reading is wrong. I have not yet been approached [a second time] but I wouldn't put any money in.
"If they can turn the tide in some form maybe there will be loads of backers. But right now this does not look a good place to go."
A number of well known figures have publicly supported the McCanns including JK Rowling, Virgin boss Sir Richard Branson, Topshop owner Philip Green and EasyJet founder Sir Stelios Haji-Ioannou.
A second wealthy businessman, who has given £100,000 to the fund, said: "We won't be pledging any more right now.
"I don't think that at the moment we would allow the money to be swapped to cover defence costs, but this is a difficult position and a very sensitive issue." The McCanns, from Rothley in Leicestershire, returned to the UK on Sunday, 48 hours after being declared suspects by Portuguese police.
WHO WITHDREW?
SofaCleese
One of the backers who decided to give no more money ('withdrew') was the GP who was the head of the practice which employed Kate McCann, who is a wealthy Asian property speculator, as well as a doctor. I think this was reported in the Leicester Mercury, but I can't be sure that's where I saw it, in September.
*******************************************************
Notations
Balance in fund on May 26th ........£313,091.17 (findmadeleine.com)
Spent from fund by Sept................£300,000 (According to Esther McVey)
August 29th..............................£1,005,000 received to date (findmadeleine.com)
Approx £100,000 per month spent during June/July/August
RECEIVED
Fund rec'd to date August 29th.........................£1,005,000
EXPRESS March 08 .......................................£550,000
'Leicester Mercury' Wristbands.........................£57,000
Sir Richard Branson..........................................£100,000
Sept 16(for fund)
Stephen Winyard..............................................£100,000
Dec 8 07.. to help meet
the escalating legal costs
....................................................................__________
.....................................................................£1,812,000
VANITY FAIR....................................................????
HELLO..............................................................???
etc.
INCOME.......????
EXPENSES??????
SUMMARY
Income Sources:-
Donations to fund from public (May - August)
Donations to fund (Sept - present)
Internet Donations (PayPal)
Fundraising events, Balloon releases, collection tins etc
Sales from wristbands, T-Shirts etc
Cash / cheques sent directly to Rothley home in envelopes.
Income from 'Backers'.
1) Directly To fund to find Madeleine
2) For 'legal' use
3) Pledged for reward
4) To pay expenses
5) To pay 'salaries'
6) To pay 'contracts'
Media Interviews (TV, radio magazines etc.)
Express Settlement
Personal Salary
Interest on Investment of Fund
Possible Future Income Sources (initial payments possibly paid?)
IMG (Movie)
Books
Magazines
Newspapers
EXPENSES
Salaries to everyone involved in the campaign.
Secured 'contracts'
Metodo 3,
Control Risks Group,
Oakley International
Personal Financial Assistance
From the Website FAQ's
- supporting the private investigation to find Madeleine;
- ongoing public awareness raising ;
- establishing and updating the website ;
- family expenses; and,
- professional fee, including concerning international law on child abduction and the costs of setting up the Fund
Legal Bills
I am gradually 'adding to' and updating a 'Summary' page in Madeleine Group
http://groups.msn.com/madeleinemccann/f ... enses.msnw
The Money Pot on the mantlepiece maybe tells a lot!
http://www.thisislondon.co.uk/news/arti ... article.do
Terramundi Money Pots
http://www.terramundi.co.uk/?gclid=CJiD ... QAodaHmbiA
Also discussed in Justice for Maddie..
The mantlepiece, does this gross anyone else out?
http://www.the3arguidos.net/forum/viewt ... =1&t=11276
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| Author: | Trancebabe [ Sun Aug 24, 2008 10:33 pm ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Great post. Why is there so much secrecy surrounding the "fund"?
This was money kindly donated by thousands of people. The balloon releases, the jumble sales, the sponsored runs etc,etc. The hours the McCann put into "fund raising" events.
The fund could be their achilles heel, if the McCanns can't balance the books and it is shown that they have been laundering this money they are in BIG trouble. Once people become aware of their deceit the McFraudsters will be finished.
I still can't believe that they had the audacity to use it to pay their mortgage within weeks of Madeleine disappearing. |
| Author: | RomeosJuliet [ Sun Aug 24, 2008 11:48 pm ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Really well done for having the foresight to do all this Hawkeye 
You forgot the collecing tins (rattle rattle) with 'fighting fund' plastered over them. The ones that replaced the staff tips buckets in teh very first days that Maddie went missing. |
| Author: | Beattie [ Mon Aug 25, 2008 12:10 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
What about the sale of wristbands @£2 and T-shirts @£6,00, many thousands were sold.
What about all the T.V. interviews the McCanns gave, especially on the 3rd May 2008.
What about the Jon Corner film which was also broadcast.
What about the documentary which was shown by other Countries, Australia for one.
Do you not think the McCanns were paid extra for these Broadcasts?
Take away the £200,000 known to be donated for Legal Fees, this was apparently placed
in a seperate fund.
Take away the £500,000 supposedly paid to Metodo 3 (Kennedy was reported to only be paying their Expenses, £8,000 pm)
I don"t believe for one minute that another £500,000 was handed over to a one man operated
agency.
Metodo 3 are claiming they only received E60,000 for six months work. |
| Author: | bomaris [ Mon Aug 25, 2008 1:35 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
************************************************************ COMMENTS"While I'm here, I thought I read somewhere these people had collected a total of over $ 6 million dollars. Can't remember exactly where I read this except to say it was on this forum. These figures just don't add up." ------------------------------------------------------------------------------ "We have had a preliminary meeting with some producers and directors from IMG with a view to discussing an idea for a film. We've not agreed anything, we're not about to sign anything," Mitchell said. "We like the proposal, we thought it was fair, but there are others." The board of Madeleine's Fund is due to meet this week and will discuss the proposal. Mitchell said the film may have a "cinema feel", and would be key part of replenishing Madeleine's Fund. "If in theory a large film were to be made our lawyers would make sure our commercial interests are protected," he said. "Madeleine's Fund is just over Â�?m. The money is going on investigators and advertising. It's dwindling. The money is going. I would imagine we've got a few months left. It's not going to last the year unless we get more money in." http://www.guardian.co.uk/uk/2008/jan/08/film.ukcrime-------------------------------------------------------------------------------- On the 9th January 2008, two of the existing directors of the Board of Madeleines Fund- Leaving No Stone Unturned, resigned. ˜There was a scheduled board meeting of Madeleines Fund today. We have reached a new longer- term phase in the search for Madeleine and we have reviewed how effective our Fund has been in pursuing its objectives. We agreed to continue our funding of the investigation to find Madeleine and we have decided to look at further media opportunities to support our search. To that end, we have invited two new directors to replace the two who stepped down, for business and personal reasons, We, together with Kate and Gerry McCann, extend our thanks to Esther and Phillip for their hard work and continuing support. We welcome Edward Smethurst and Jon Corner to the board to lend their expertise in commercial law and media. ---------------------------------------------------------------------------------- There's even talk of a book or film. According to Mitchell in the Daily Express the Madeleine Fund is in need of cash. We need money to search for Madeleine and that is the most important thing. Nothing has been decided yet. A film would be made on a percentage basis, with part of the profits going to the fund. None of the money would go to Kate and Gerry. They are not trying in any way to profit out of her name ---------------------------------------------------------------------------------- in one 24horas report the other day mitchell is quoted as saying they havent paid them 50k a month since summer 2007!!! ---------------------------------------------------------------------------------------- Nov 07 Unlike their previous mouth, Justine McGuiness who was lawfully paid from the private company, Mitchell is being pretty coy about exactly who is signing his pay cheques. I wonder why the cash is not coming from the Find Madeleine Fund. According to the fund's objects, I can't see any reason why. His role is exactly the same as that of McGuiness'. ------------------------------------------------------------------------------------ I've just spent a quid at Companies House. Yes, you've guessed it the details of the Madeleine Fund- or to be more precise " Madeleine Fund: Leaving No Stone Unturned Limited." Number 06248215-are available. The Company is Registered at the Offices of BWB Secretarial Limited 2-6 Cannon St London. There are three directors. Apart from John McCann who gives a Glasgow address, the others are Dr. Peter John Benedict Hubner MB FRCP DC and Douglas Skehan- a consultant cardiologist at the University Hospitals of Leicester NHS Trust. An unnamed director resigned on 31st May 2007. And for those interested, the first accounts will be filed by 15th March 2009. ---------------------------------------------------------------------------------- June 19 07 - A couple of days ago I read the bringmadeleinehome website. G McCann writes this: "Kate and I dropped Jon at the airport this morning and picked up some more friends/family who have come out to see us, but particularly the twins. They were certainly happy to see our visitors!" And I bet those friends and family are unlikely to have to dip into their wallets to pay for their accommodation. The fund clearly allows payment of this kind to be made. I'm grateful to George S for pointing out that the running total of the fund seems no longer to appear on the website. Perhaps when the total reaches Â�?,000,000. it will be just too embarrassing. ---------------------------------------------------------------------------- The fund also ruled that it would not help to pay the couple’s legal bills. ----------------------------------------------------------------------------- The full objects of the Find Madeleine fund are: 1.1.1 To secure the safe return to her family of Madeleine McCann who was abducted in Praia da Luz, Portugal, on Thursday May 3, 2007; 1.1.2 To procure that Madeleine’s abduction is thoroughly investigated and that her abductors, as well as those who played or play any part in assisting them, are identified and brought to justice; 1.1.3 To provide support, including financial assistance, to Madeleine’s family. 1.2 If the above objects are fulfilled then the objects of the foundation shall be to pursue such purposes in similar cases arising in the United Kingdom, Portugal or elsewhere ************************************************************ Tycoons withdraw supporthttp://groups.msn.com/madeleinemccann/b ... 9448172193 17/09/2007 Two millionaire businessmen who gave money to help find Madeleine McCann refused today to contribute to the legal fight to clear her parents' name
One entrepreneur, who refused to be named because of the delicate nature of the case, has given his backing in the past.
But today he told the Evening Standard: "I am not going to contribute any more. It is a difficult issue and it is not something I propose to get engaged in.
"It is the most confusing scenario anybody has ever seen. I am not judge and jury and I hope what I am reading is wrong. I have not yet been approached [a second time] but I wouldn't put any money in.
"If they can turn the tide in some form maybe there will be loads of backers. But right now this does not look a good place to go."
A number of well known figures have publicly supported the McCanns including JK Rowling, Virgin boss Sir Richard Branson, Topshop owner Philip Green and EasyJet founder Sir Stelios Haji-Ioannou.
A second wealthy businessman, who has given �?00,000 to the fund, said: "We won't be pledging any more right now.
"I don't think that at the moment we would allow the money to be swapped to cover defence costs, but this is a difficult position and a very sensitive issue." The McCanns, from Rothley in Leicestershire, returned to the UK on Sunday, 48 hours after being declared suspects by Portuguese police.
WHO WITHDREW? ******************************************************* NotationsBalance in fund on May 26th ........£313,091.17 (findmadeleine.com) Spent from fund by Sept................£300,000 (According to Esther McVey) August 29th..............................£1,005,000 received to date (findmadeleine.com) Approx £100,000 per month spent during June/July/August RECEIVED Fund rec'd to date August 29th.........................£1,005,000 EXPRESS March 08 .......................................£550,000 'Leicester Mercury' Wristbands.........................£57,000 Sir Richard Branson..........................................£100,000 Sept 16(for fund) Stephen Winyard..............................................£100,000 Dec 8 07.. to help meet the escalating legal costs ....................................................................__________ .....................................................................£1,812,000 VANITY FAIR....................................................???? HELLO..............................................................??? etc. INCOME.......????
EXPENSES??????
Excellent, excellent work.
I think in broad terms people need to keep in mind there are at least three separate flows of money which are subject to influence by the McCanns:
(a) The Fund
(b) The donors, principally Kennedy now.
(c) The McCanns themselves - presumably in various bank accounts.
The other thing we need to keep in mind is that there can be transactions between them. We know already that mortgage payments for instance went from the Fund to the McCanns.
We should also note - as Hi De Ho does - that the Fund might pay the McCanns or their associates, including family, for various "services" or may pay their expenses.
|
| Author: | Spartacus [ Mon Aug 25, 2008 1:40 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Good Lord ! ... what a great post HiDeHo
That's a more detailed breakdown than we'll ever see filed at Companies House |
| Author: | dogrose [ Mon Aug 25, 2008 6:04 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
thank you hi de ho.
bomaris _ I think you are right about family being paid. I am thinking in particular about John McCann, Trish and Sandy, and michael wright. who met their expenses and loss of earnings |
| Author: | jinvta [ Mon Aug 25, 2008 6:11 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
dogrose wrote: thank you hi de ho.
bomaris _ I think you are right about family being paid. I am thinking in particular about John McCann, Trish and Sandy, and michael wright. who met their expenses and loss of earnings
Yes, I have also been wondering about the salary of John McCann in particular. I wonder as well, if Kate is now receiving a salary from the fund, as it has been mentioned that she is no longer working and is now coordinating the search efforts from their home office in Rothely. |
| Author: | vancouver1 [ Mon Aug 25, 2008 6:14 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
If they had any financial sense or advice at all, a big chunk of that initial million pounds, plus additional amounts added, would have been placed into a high-interest investment account to generate additional money.
What's the continuing interest on a million pound investment?
Could they have diverted large amounts into something like high-interest paying mutual funds, for instance?
What I'm suggesting is that the fund itself could possibly be generating ongoing income. |
| Author: | clear [ Mon Aug 25, 2008 6:16 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Brilliant work HiDeHo, thank you.
I wonder how much interest over a million quid in the bank would earn? |
| Author: | mickey1 [ Mon Aug 25, 2008 6:22 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
hey hideho what great work you have done
I just had a thought
The fund may not have to file a return yet but all those leeches will have had to file their own individual tax returns. Showing income received etc. and invested etc. details of mortgages, loans does that not all have to go on there? [forgive for being thick but OH and accountant do it all as we have a business too]. We have returns to file every year and payments to make as we are self-employed. Employees on PAYE still have to make a return don't they?
Is all that stuff private or are there ways any peeps on here can find out?
If Unca John packed up his job he will have to show his income from the fund, as will the Mcs anything they received, pinkie his salary and expenses and where from.
Is the fund VAT registered? A Ltd company that is will have been doing VAT returns [which show you in and outgoings every time] and those guys don't let you off with a penny believe me, we've had VAT assessments and they're not going to go away until they find something you've missed [and I was meticulous about it, in our case it was £121 that was another company's mistake not mine]. Can't remember the threshold for being VAT registered [we were always higher] but they're not a charity and a lot of cash is rolling around.
I'll go and browse HMRC site.
Follow the money...just a thought |
| Author: | MalCat [ Mon Aug 25, 2008 6:45 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Many thanks for this - what a strange business this case has become. We don't really know what Madeleine looked like or indeed what has happened to her, but the money, sadly, is the one thing that always leaves a trail. Maybe the Mail would like a copy? |
| Author: | MrsMop [ Mon Aug 25, 2008 7:03 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
Thanks HiDeHo for a most interesting post. Although we have seen the figures before it is very good to see it in print especially for newcomers.
I too have wondered about John McCann, who was supposed to have given up his job within a very short space of time. Also Kate not working, and what about childcare fulltime during their jaunts to Brussells, London to meet lawyers etc. It seems uncertain whether GM is in fact working or on some type of remuneration. The other side of the coin being donations which cannot be traced . |
| Author: | Weary [ Mon Aug 25, 2008 7:04 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
The relatives got paid, the car got paid for, I'd be surprised if the mortgage hasn't been paid by the tidy wangle of having Kate say that she's up at 4 am, searching for Madeleine from her home computer, and that's worth money, mate, because she's a qualified GP. There's always 500,000 because it's a nice healthy sum that suggests that the fund is healthy (i. e. people are still giving; why don't you??? People still believe in us; send money!) and to indicate to the heavy backers that their money is getting spent, but hasn't just vanished; they've got their financial house in order, they're solvent and good money managers . . .
The fund is a fund; the takings from the Mirror just get blended in. So any time 500,000 disappears it can be the money from the Mirror. I wonder how many times Clarence has said expenses come out of that. Apparently their lawyers think the other newspapers haven't libeled them (which is interesting in itself) so there may not be money there . . . the book deal? No news is good news . . . ditto the movie, with Nicole Kidman playing Kate (they wish) . . . and did the Hello! deal fall through? I'm surprised not to have seen mention of a story there. Did they get cold feet?
No income at the moment and a lot of expenses for people salaries and perks and travel. Let's watch their financial house burn down. |
| Author: | sentinel [ Mon Aug 25, 2008 7:35 am ] | | Post subject: | Re: What have they received in income and paid in expenses? |
this fund hysteria business is gathering a huge amount of momentum wth folks who don't actually know how, why and with what objectives it was set up.
the poster who earlier claimed they had the audacity to pay the mortgage: that was one of the fund's stated objectives (provide financial assistance).
Also, in the OP, some of the references to money donated, were not i think to the fund , but to the mccanns to pay for legal costs. Perhaps hideho could check the ones from branson and winyard, which i don't think were made to the fund (could be wrong) - didn't branson say he was donating money to make sure the mccanns get a fair trial??
the fund was set up by the International Family Law Group, who were the Mccann's advisors from very early on ( week plus one i think) As i recall, it was quicker to set up a company than register a charity, which i think was the reason given.
the company was registered at companies house, with all the details publicly available.
the fund's objectives were also made public. It was no secret that the fund could pay for financial assistance to the Mccann and extended family...........
As long as the money is spent furthering the stated objectives (which are sufficiently vague ) i fear that no crime will be committed.
Unless of course the fund was set up to search for a girl that one or more of the directors knew was not "missing" |
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Using the figures stated on the website before October 7 07 [b]These were my figures....(the interest was a calculated guess..but not too far off)[/b]
August 29th 07............Fund rec'd to date ..from website..................[b]£1,005,000[/b]
Sept /Oct 07................Fund rec'd ...from website.............................[b]£53,000[/b]
Oct 3 07 ...................'Leicester Mercury' Wristbands..........................[b]£57,000[/b]
March 08................Express payout .................................................[b]£550,000[/b]
June 08...................Interest on £500,000 yr.......................................[b]£30,000[/b]
[b]Total £1,695,000 [/b] [b]The ACTUAL figures quoted are as follows[/b]
Fund received in total (bank and internet)........................................[b]£1,782,100[/b]
T-Shirts and Wristbands......................................................................[b]£64,078[/b]
Bank Interest.....................................................................................[b]£33,424[/b] TOTAL £1,879,602 [b]Comparison[/b] .......................................................................McCanns.....................Calculated. Received (source...bank, internet, website)...........[b]£1,782,100[/b]............£1,608,000 (inc Express) T-Shirts Wristbands......................................Total[b]£64,078[/b]...............£57,000 (Leic Merc only) Bank Interest..........................................................[b]£33,424[/b]...............[b]£30,000[/b] TOTAL..................................................................£1,879,602....................£1,695,000
A difference of £184,602 Those figures, at first glance seem close.... The figures I used were/are available from the McCanns website (rec'd to date until Oct 7 07)...along with the known amount of the cheque from LM for the wristbands £57,000 and my assessment of the interest on their balance (which always seemed to be around £500,000) The 'rec'd to date' amount for Sept 12th 07 on their website £1,036,104.17 The final 'rec'd to date' amount shown on their website October 7 07 was £1,090,000 I separated Sept 12 - October 7 07 = £53,000 received that month which obviously does not include the wristbands from October 5th 07 Therefore I am confident about my figures. Combining both figures (according to McCanns) Website figures rec;d to date Oct 7 07 ........................£1,090,000 Wristbands....................................................................£64,078 Bank Interest.................................................................£33,424 Express.......................................................................£550,000 TOTAL.......................................................................£1,737,602 Income to fund for year ending March 31 08....................£1,879,602 A difference of.................................................................£142,000 Apart from Express payout and cheque for wristbands their total income to the fund from October 7 2007 until March 31st 2008 was £142,000 |
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