Anyone reading the following may be forgiven for thinking that the Madeleine’s Fund: Leaving No Stone Unturned Limited is a registered charity rather than a business set up by the McCanns to earn money for themselves. However, the Sunday Express has a duty not to mislead its readers with inaccurate information. “The £90,000 raised will be split between the Maddie Fund and two other missing people’s charities“. For the record and avoidance of any further doubt, the Madeleine’s Fund is not a missing people’s charity.
There are a few interesting things to emerge from the Madeleine’s Fund Accounts March 2009. For example, whereas in 2008 the income was £1, 846, 178 and the merchandise and campaign costs amounted to £673, 366, but in 2009 it was £629, 181 and £974, 786 respectively. This shows that the fund received substantially less donations because the McCanns are losing a lot of the previous support from the public, and a lot more money was spent unsuccessfully trying to improve the McCanns image in the eyes of the public.
Unfortunately, the published accounts do not state how much each of the directors are being paid from the fund. This shows a lack of transparency, indicating once again that the McCanns have something to hide.
For example, in spite of claiming that they have registered the conflict of interests of those involved in the fund nowhere in the report are these conflict of interests listed. Similarly, it is claimed that the directors take responsibility for the “prevention and detection of fraud and other irregularities”, and yet have not prevented the fund itself being fraudulent!