ACADEMY MONEY – QUESTIONS

















10. Accounting records shall be kept in accordance with all applicable statutory requirements and such accounting records shall, in particular, contain entries from day to day of all sums of money received and expended by the company and the matters in respect of which such receipt and expenditure take place and a record of all the assets and liabilities of the company; such accounting records shall be open to inspection at all times by any director of the company.

Mr Duncan very well knows that the spotlight is on him after it emerged that the Trust committee may have been involved in some dubious negotiations in an attempt to dispose of money raised by Inverclyde folk for the Inverclyde Football Academy.

The Academy is an active company and registered as such at Companies House. The next accounts are due in just over one month.

WHY HAS THE FIVE FIGURE SUM RAISED FOR THE ACADEMY BEEN LEFT IN A HOLDING ACCOUNT AND NOT PAID INTO THE ACADEMY ACCOUNT?

THAT MONEY BELONGS TO THE ACADEMY AND NOT THE TRUST. IT CAN BE TRANSFERRED ONLY IF THE LIMITED COMPANY IS DISSOLVED AND THAT IS UP TO THE COMPANY DIRECTORS.

WHAT’S THE SCRIPT DUNCO?


DOES MORTONJAG HAVE TO CHECK TOMORROW WITH H.M.R.C. OR WILL YOU FOR ONCE COME DOWN OFF YOUR PERCH AND ANSWER A SIMPLE QUESTION.

WHAT HAS HAPPENED REGARDING THE ACADEMY?