Vulcan XH 558 Threads (merged)

[andrewmcharlton]

Here's a sobering thought.....

If you look at TVOC's website you will see that last week's e-donations were a little over £7,000.

Let's call it an average of £30,000 a month.

Of that, £15,000 goes to Mr Walton's company (landlords and previous owners of the Vulcan). Assume the good Dr is making the same money as was being charged out previously (assumptions I know) then his company is taking around £7,000 a month.

That gives us around £22,000 a month outlays BEFORE any staff get paid.

No wonder there is little hope of them ever getting out of the cycle of doom based "bail us out" donations.

Of course we don't know this to be the case because they haven't filed any accounts or publicised any figures.

With the year end at 31 July, if the Trustees do not file their accounts and annual returns before 31 May, the Charity could be struck off the register.