Mitchell: McCanns move funds from Madeleine Fund to another account.

[Alice Purjorick]

I'm not an accountant.

In my limited understanding, "restricted funds" can mean funds set aside within the overall accounts, but with restrictions attached as to the use (as the term implies).

Or have I misunderstood?

The term restricted funds is more usually applied in charity accounts where a donor may give money on the basis that a condition of the gift is it must be used for a specific nominated purpose.

[Eleanor]

Is there such a thing these days?

Yes.  If it is Deposited for a fixed term.  Six months, or a year is included in this sort of provision.

[G-Unit]

Grants or donations that require that the funds be used in a specific way or for a specific purpose. They can be considered a contract between the donating party and the receiving party. Restricted funds are often associated with non-profit organizations, since a donation might be made to the organization for a specific use only. If the funds are used for something other than what was stipulated, the organization could be required to pay the funds back. For example, a restricted funds gift to a university could indicate that the funds only be used for scholarships in a specific department.

Read more: http://www.businessdictionary.com/definition/restricted-funds.html#ixzz45oyk0gAv

So if the restricted funds are used for a purpose other than the one specified by the donor the Fund could find itself having to repay the money.

[Eleanor]

Grants or donations that require that the funds be used in a specific way or for a specific purpose. They can be considered a contract between the donating party and the receiving party. Restricted funds are often associated with non-profit organizations, since a donation might be made to the organization for a specific use only. If the funds are used for something other than what was stipulated, the organization could be required to pay the funds back. For example, a restricted funds gift to a university could indicate that the funds only be used for scholarships in a specific department.

Read more: http://www.businessdictionary.com/definition/restricted-funds.html#ixzz45oyk0gAv

So if the restricted funds are used for a purpose other than the one specified by the donor the Fund could find itself having to repay the money.

What Donor are you thinking of?  Since Kate herself donated a large amount to The Fund.

[Carana]

The term restricted funds is more usually applied in charity accounts where a donor may give money on the basis that a condition of the gift is it must be used for a specific nominated purpose.

Thanks. That's what I understood it to mean.

[G-Unit]

I assume the money was related to the book, as the note mentions it. Was the book money Kate's money? Legally it was, I'm sure, but it was written because the Fund was running low and every penny earned was pledged to the search.

What tipped the balance in our decision is the continuing need to fund the search for Madeleine.....Every penny we raise through the sales of this book will be spent on our search for Madeleine. Nothing is more important to us than finding our little girl.
Kate McCann Madeleine.

[stephen25000]

What Donor are you thinking of?  Since Kate herself donated a large amount to The Fund.

Donated from what exactly ?

Her earnings as a doctor ?

Or from the book which should never have been written, if she and her husband had taken care of their children ?

Mind you, they have been happy to use donated money, again which should not have been necessary in the first place.

[Eleanor]

I assume the money was related to the book, as the note mentions it. Was the book money Kate's money? Legally it was, I'm sure, but it was written because the Fund was running low and every penny earned was pledged to the search.

What tipped the balance in our decision is the continuing need to fund the search for Madeleine.....Every penny we raise through the sales of this book will be spent on our search for Madeleine. Nothing is more important to us than finding our little girl.
Kate McCann Madeleine.

So what else do you think The McCanns are going to do with this money?  They are going to use it to Search.

[Eleanor]

Donated from what exactly ?

Her earnings as a doctor ?

Or from the book which should never have been written, if she and her husband had taken care of their children ?

Mind you, they have been happy to use donated money, again which should not have been necessary in the first place.

It doesn't matter how she earned it.  It was her money.  But you would be complaining if she had never earned a penny.

[stephen25000]

So what else do you think The McCanns are going to do with this money?  They are going to use it to Search.

You mean physically ?

They've employed a useless rabble so far.

[stephen25000]

It doesn't matter how she earned it.  It was her money.  But you would be complaining if she had never earned a penny.

It bloody well does.

I would like to see how much she HAS EARNED from working which has been put in the fund.

Tax payers money is funding the investigation.

[jassi]

You mean physically ?

They've employed a useless rabble so far.

Don't be silly - they expect others to do that.

[Eleanor]

It bloody well does.

I would like to see how much she HAS EARNED from working which has been put in the fund.

Tax payers money is funding the investigation.

You think all woman with small children should work, do you?  Fortunately my husband didn't require that of me.

[stephen25000]

You think all woman with small children should work, do you?  Fortunately my husband didn't require that of me.

These children go to school, so why not ?

[stephen25000]

You mean you don't know what searching themselves means ?


....and the question which invariably doesn't get a reply to..

Why should other people pay for the incompetence of the mccanns ?