However a full report can wait as this information appears to be something that needs to be urgently addressed.
For reference you refer to the TKYF constitution here, the current annual report here and the previous year here.
UPDATE: As of around 10pm, Friday 19th February 2016 the Foundation website as well as a number of other affiliated sites and social media pages have been taken down or locked down. This is still the case at the time of this update – 11.30am, Saturday 20th February 2016. We await further updates.
So if this has been read correctly, TKYF appears to have raised a total of $243,373 in the last financial year, and paid Director Ralph Kelly a total of $125,754 (more than half what was raised).
I’m not suggesting anything untoward at this stage, and it is not illegal or unusual for charity directors to be remunerated for their hard work. But given the circumstances it does seem that there is some clarification required.
There is no way more than half the revenue raised would be taken as a salary, right? Surely Not???
More to come…
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