If what I hear about the money being pulled out of the Trust by the CEO is true
Sir George are you meaning Pleming's "between £60,000 and £70,000" salary shown in the last accounts, year ended Oct 2010 and £72,000 salary in the previous financial year or is there something more sinister than this excessive salary?
There is also a jump in consultancy costs from £63,168 in year end Oct 2009 to £114,207 in the year ended Oct 2010.
Does anyone know why the Vulcan to the Sky Enterprises net liabilities have risen from £255,052 to £490,745? Seems a big jump.
One other snippet from the latest accounts is "The trustees have estimated the remaining useful economic life of the aircraft to be 2 years and 9 months and the residual value to be £2m"
As I have said before more transparency as to where the money is going is needed.