‘A study of ARK accounts for the 8 schools they controlled in 2010 – showed Stanley Fink and the other directors of Ark Schools – underspent the education budget for the children attending the 8 Ark Schools by 7%

”A study of ARK accounts for the 8 schools they controlled in 2010 – showed Stanley Fink and the other directors of Ark Schools – underspent the education budget for the children attending the 8 Ark Schools by 7% – and all the money that they were given to education children which Stanley Fink chose not to spend went to the Cayman Islands via his stockbrokers – to the Ark Cayman Island Fund”  Allegedly

Comment:  ”This is complete rubbish.  In 2010 ARK Schools received £33.635M GAG (i.e. education budget) and spent £33.634M”

Comment:  ”It is not rubbish and here is the proof – ARK holds up to 60 per cent of its funds in the Cayman Islands   (managed by a Cayman Islands ARK company AMML – which is advised by ARK Masters Advisers UK Ltd )

And here is it stated in Arks own accounts giving all the information on the Cayman Island Fund (and as ARK owns ARK Schools they manage the excess funds)

http://www.arkonline.org/media/22290/2009-2010__ark_ye_31aug10_v6_.pdf

A quick study of ARK Schools’ 2010 accounts shows they spent nothing on staff development across eight schools but £285,000 in ‘educational consultant’ fees and that the schools’ budget was underspent by 7.5% – resulting in an operational surplus of £1.8 million (in 2009 the operational surplus was £3.6 million).

http://www.arkschools.org/media/100831AA%20final%20accounts.pdf

and regarding Stanley Fink, not rubbish – he states in his register of interests in the house of Lords he is on the board of ARK Masters Advisers (stockbrokers), Ark Schools and multiple other ARK companies (including ARK global)

http://www.parliament.uk/biographies/lords/stanley-fink/51090

Ark global own Ark Schools –

It is ARK accounts stating all these facts – so if ARK state these facts surely they cannot be libellous or untrue

I hope that sets the record straight for all mums on this site as to the accusation that I posted was all rubbish – Which is exactly why only democratically elected, accountable councillors can be trusted with the title deeds for your schools”

http://www.mumsnet.com/Talk/education/a1540850–1billion-of-title-deeds-for-schools-transferred-to-private-companies

Mammon in the classroom: the men who’ve got their teeth into England’s £35 billion schools pie

https://www.opendemocracy.net/ourkingdom/mel-kelly/mammon-in-classroom-men-who%E2%80%99ve-got-their-teeth-into-england%E2%80%99s-%C2%A335-billion-schoo

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