Sussex wrote:
Quote:
At the time of writing, FACT had not submitted publishable accounts for 2014 despite them being eight months overdue, according to the Financial Conduct Authority.
Shock horror !!!!
The real crime is that many LA's think that sun shines out of the CTO's a
rse and many LA's donate funds to them because they mistakingly believe that because they are allegedly non profit making then they must be good and community spirited, Wrong!..what they don't see though is that CTO's often charge more than PH, Hack or PHV operators charge and that the only reason they seem to be non profit making is because the directors that run them soak up any potential profit by way of income and expenses for the work they do before it shows as profit and then it vanishes as running costs . Just go look at one of your Local CTO's accounts at Companies house and you'll see just how cosy it can be to run a CTO even though the poor old lacky driver might do the driving for nowt..