Deuxième exercice : 31.03.2008-31.03.2009
Analyse d'Enid O'Dowd : voir MF comptes (4)
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
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.
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.
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
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 responsibility
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:
[audit] haysmacintyre, 6 January 2010
