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Madeleine's Fund: Leaving No Stone Unturned Limited
accounts, Company No. 06248215 - 2009.31.03, 10 pages |
MADELEINE'S FUND: LEAVING NO STONE UNTURNED LIMITED
(Limited by guarantee)
REPORT AND
FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 31 MARCH 2009
Registered
Number: 6248215
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CONTENTS
Pages
Legal and administrative information
Chairman's statement
2
Directors' report
3-4
Independent auditors' report
5
Income and expenditure account
6
Balance sheet
7
Notes to the financial statements
8
The following pages do not form part of the statutory
accounts:
Detailed income and expenditure account and summaries
9-10
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LEGAL AND
ADMINISTRATIVE INFORMATION
FOR THE
YEAR ENDED 31 MARCH 2009
DIRECTORS:
JA Corner
M J Linnett
E G Smethhurst
D Skehan
J McCann
P J B Hubner
B Kennedy
KM McCann (appointed 12 November 2008)
GP McCann (appointed 12 November 2008)
COMPANY SECRETARY
BWB Secretarial Limited
COMPANY NUMBER
6248215
REGISTERED OFFICE
2-6 Cannon Street
London
EC4M 6YH
AUDITORS
haysmacintyre
Chartered Accountants & Registered Auditors
Fairfax House
15 Fulwood Place
London
WCIV 6AY
BANKERS
National Westminster Bank plc
3rd Floor, Cavell House
2a Charing Cross Road
London
WC2HONN
SOLICITORS
Bates, Wells & Braithwaite
2-6 Cannon Street
London
EC4M 6YH
Stephenson Harwood
One St Paul's Churchyard
London
EC4M 8SH
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CHAIRMAN'S
STATEMENT
The Chairman presents his statement for the year.
On 3rd May 2007, Madeleine McCann was abducted in Praia da
Luz, Portugal. The events of that day touched the heart of
many, in countries around the world. Donations started to
flood in. In response to this, Madeleine's Fund was
established.
The aims of the Fund are to help find Madeleine, to support
her family and to bring her abductors to justice. Any
surplus funds will be used to help families and missing
children in similar circumstances in the United Kingdom,
Portugal and elsewhere. The Fund has 7 directors.
We have continued to concentrate on ensuring that Madeleine
is not forgotten and that the search for her continues. We
have:
• provided finance for a team of investigators to lead a
private search for Madeleine
• financed the translation of the full set of files released
by the Portuguese police, enabling our team of investigators
to follow up all potential leads
• paid for legal representation for Kate, Gerry, Sean and
Amelie in Portugal, enabling them obtain an injunction
banning Mr Amoral [sic] from repeating his fabricated claims
about Madeleine's abduction
• funded an awareness-raising campaign to ensure that
Madeleine is not forgotten, the key part of which is our
website
• provided some administrative support to Madeleine's family
in maintaining the impetus of the investigation
Last year I referred to the public apology made to
Madeleine's parents, Kate and Gerry, by the Express Group
following months of inaccurate speculation and accusations
in the media. Other newspapers followed suit with
accompanying donations to Madeleine's Fund. In addition, an
apology was made to the friends of Gerry and Kate who were
in Praia da Luz at the time of Madeleine's abduction.
Rather than accepting libel damages, the friends requested
that a donation was made to the fund. This has enabled us to
continue our search for Madeleine. On behalf of the
directors of Madeleine's Fund, I thank Kate, Gerry and their
friends for continuing to forego any personal financial
recompense to ensure that the search for Madeleine
continues.
Following the end of the financial year we were delighted to
hear that Madeleine's parents, brother and sister had been
successful in obtaining an injunction banning sales of Mr
Amoral's [sic] book and banning him from repeating his
claims.
These fabrications had hindered the search for Madeleine and
were a barrier to potentially valuable information being
passed on to the police. Our team of investigators continue
to diligently review police files, witness statements and
follow up every potential lead in the search for Madeleine.
Although the majority of donation income for the year arose
from family and friends donating libel damages, we have a
number of loyal donors continuing their support.
For this we are grateful. As expected, income in the new
financial year is lower than last year and we continue to
review all our expenses to ensure value for money.
The directors regularly discuss the strategy for the Fund to
ensure that finances are available to achieve our main
objective, finding Madeleine.
The Board of Directors would like to take this opportunity
to thank everyone who has supported the search for
Madeleine. The level of financial support, the amount of
time given up and the numerous messages of support sent to
Madeleine's family have been overwhelming. All messages of
support sent to the Fund are passed to Gerry and Kate, and
appreciated by them. We will continue to ensure that
Madeleine is not forgotten and will leave no stone unturned
in our search for her.
J McCann
Chairman
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DIRECTORS' REPORT
The directors present their report and the financial
statements for the year ended 31 March 2009.
PRINCIPAL ACTIVITIES
Madeleine's Fund: Leaving No Stone Unturned is a
non-charitable not-for-profit company. The full objects of
the Fund are:
• To secure the safe return to her family of Madeleine
McCann who was abducted in Praia da Luz, Portugal on
Thursday 3rd May 2008;
• 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; and
• To provide support, including financial assistance, to
Madeleine's family.
• 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.
Madeleine's Fund is governed by a Board of Directors who
meet on a regular basis, approximately every month. During
the year, there Were 11 meetings.
In so far as it is relevant the Fund follows best practice
governance procedures as set out in the publication "Good
Governance: A Code for the Voluntary and Community Sector."
The directors have reviewed the Fund's operations against
these best practice recommendations and have developed:
• a Financial Procedures Manual
• job descriptions for directors. Chair and Treasurer
• clearly laid out policies and processes for:
• payments
• expense claims
• risk management
• whistleblowing
• registering conflicts of interest
Risk
The directors have agreed a risk strategy for Madeleine's
Fund, namely:
"The risks that Madeleine's Fund faces are assessed for both
the likelihood of occurrence and the impact on the
organisation should they occur.
In order to achieve its objectives Madeleine's Fund must
accept a certain amount of risk taking. An important part of
the risk management strategy must be to be clear at an
organisational level about the types and levels of risk the
organisation is prepared to take. Therefore, the identified
risks are also assessed for the organisation's attitude."
The risks facing the Fund were assessed in four categories:
• reputational
• financial
• information and communications technology
• human resources
Current controls in place to mitigate each risk were
identified, together with additional controls required. The
resulting risk register will be reviewed annually.
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DIRECTORS' REPORT (continued)
DIRECTORS
The directors who served during the year were:
J A Corner
M J Linnelt
E G Smethhurst
D Skehan
J McCann
P J B Hubner
B Kennedy
KM McCann (appointed 12 November 2008)
GP McCann (appointed 12 November 2008)
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the annual
report and the financial statements in accordance with
applicable law and regulations.
Company law requires the directors to prepare financial
statements for each financial year. Under that law the
directors have elected to prepare the financial statements
in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and
applicable law). The financial statements are required by
law to give a true and fair view of the state of affairs of
the company and of the surplus or deficit of the company for
that period. In preparing those financial statements, the
directors are required to;
• select suitable accounting policies and then apply them
consistently;
• make judgements and estimates that are reasonable and
prudent;
• prepare the financial statements on the going concern
basis unless it is inappropriate to presume that the company
will continue in business.
The directors are responsible for keeping proper accounting
records which disclose with reasonable accuracy at any time
the financial position of the company and to enable them to
ensure that the financial statements comply with the
Companies Act 1985. They are also responsible for
safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of fraud
and other irregularities.
PROVISION OF INFORMATION TO AUDITORS
So far as each of the directors is aware at the time the
report is approved:
• there is no relevant audit information of which the
company's auditors are unaware; and
• the directors have taken all steps that they ought to have
taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of
that information.
AUDITORS
The auditors, haysmacintyre will be proposed for
re-appointment in accordance with section 485 of the
Companies Act 2006.
This report has been prepared in accordance with the special
provisions of Part VII of the Companies Act 1985 relating to
small companies.
This report was approved by the board on 6.1.10 and signed
on its behalf, by: [hand written signature] Brian Kennedy
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MADELEINE'S
FUND: LEAVING NO STONE UNTURNED LIMITED (Limited by
Guarantee)
We have audited the financial statements of Madeleine's
Fund: Leaving No Stone Unturned Limited for the year ended
31 March 2009, set out on pages 6 to 8. These financial
statements have been prepared in accordance with the
accounting policies set out therein and the requirements of
the Financial Reporting Standard for Smaller Entities
(effective January 2008).
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORS
The directors' responsibilities for preparing the annual
report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice) are
set out in the statement of directors' responsibilities.
Our responsibility is to audit the financial statements in
accordance with relevant legal and regulatory requirements
and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the financial
statements give a true and fair view and are properly
prepared in accordance with the Companies Act 1985. We also
report to you if, in our opinion the information given in
the directors' report is consistent with the financial
statements.
In addition we report to you if, in our opinion, the company
has not kept proper accounting records, if we have not
received all the information and explanations we require for
our audit, or if information specified by law regarding
directors' remuneration and other transactions is not
disclosed.
We read other information contained in the annual report and
consider whether it is consistent with the audited financial
statements. This other information comprises only the
directors' report, the chairman's statement and the
operating and financial review. We consider the implications
for our report if we become aware of any apparent
misstatements or material inconsistencies with the financial
statements. Our responsibilities do not extend to any other
information.
Basis of audit opinion
We conducted our audit in accordance with International
Standards on Auditing (UK and Ireland) issued by the
Auditing Practices Board. An audit includes examination, on
a test basis, of evidence relevant to the amounts and
disclosures in the financial statements. It also includes an
assessment of the significant estimates and judgements made
by the directors in the preparation of the financial
statements, and of whether the accounting policies are
appropriate to the company's circumstances, consistently
applied and adequately disclosed.
We planned and performed our audit so as to obtain all the
information and explanations which we considered necessary
in order to provide us with sufficient evidence to give
reasonable assurance that the financial statements are free
from material misstatement, whether caused by fraud or other
irregularity or error. In forming our opinion we also
evaluated the overall adequacy of the presentation of
information in the financial statements.
Opinion
In our opinion:
• the financial statements give a true and fair view, in
accordance with United Kingdom Generally Accepted Accounting
Practice applicable to Smaller Entities, of the state of the
company's affairs as at 31 March 2009 and of its surplus for
the year then ended;
• the financial statements have been properly prepared in
accordance with the Companies Act 1985; and
• the information given in the directors' report is
consistent with the financial statements
date & signature: [hand written] haysmacintyre, 6 January
2010
Fairfax House
15 Fulwood Place
London
WCIV6AY |
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