{"id":1190,"date":"2011-08-11T18:22:06","date_gmt":"2011-08-11T18:22:06","guid":{"rendered":"http:\/\/www.tuppenceworth.ie\/blog\/?p=1190"},"modified":"2011-08-11T23:25:22","modified_gmt":"2011-08-11T23:25:22","slug":"ycyc-an-smaoineamh-mor-ltds-financial-statement","status":"publish","type":"post","link":"https:\/\/www.tuppenceworth.ie\/blog\/2011\/08\/11\/ycyc-an-smaoineamh-mor-ltds-financial-statement\/","title":{"rendered":"Your Country Your Call: An Smaoineamh M\u00f3r Ltd’s Financial Statement"},"content":{"rendered":"

Throughout the Your Country, Your Call competition we were promised information would be made available later. When we asked who the donors were, were were told it would be released in a few weeks<\/a>. When we asked for details of the competition\u2019s finances, we were told that wouldn\u2019t be released until after the results were announced. This, as anyone who has travelled through the looking glass with Alice<\/a> knows, is known as Jam Tomorrow<\/a>.<\/p>\n

Nonetheless, there was one date that couldn\u2019t be mentioned and then ignored to avoid questions. That was the mandatory filing of the accounts of the company which ran the Your Country Your Call competition, An Smaoineamh M\u00f3r Ltd (henceforth ASM). Every company has to file some statements every year with the Company Registration Office. These are public documents. I\u2019ve uploaded one to Scribd, a document storing site, which you can see below. This one details the financial status of An Smaoineamh M\u00f3r as of December 2010 and covers its entire active existence during the Your Country, Your Call competition.<\/p>\n

Headlines first, as I\u2019ve been accused of burying interesting info in too many words.<\/p>\n

    \n
  1. ASM has loads of money in an account in AIB, right now. Like, loads. \u20ac1,188,203 to be exact.<\/li>\n
  2. Despite being regularly told that the entire YCYC team were donating their time and effort pro-bono, the document shows that there was actually one person employed by the company on a pay package of \u20ac80,934. It doesn\u2019t say who that person was or what job they did.<\/li>\n
  3. Quite reasonably, the Directors\u2019 statement says \u201cThe board of directors believes the company has sufficient funds to continue in existence for the foreseeable future, and in particular to bring the winning projects to the implementation phase no later than September 2011\u201d.<\/li>\n<\/ol>\n

    More later.<\/p>\n

    YCYC\/An Smaoineamh Mor Annual Report<\/a><\/p>\n