McVerry Trust, a prominent housing charity, is reportedly investing €300,000 to refurbish a driveway at a historic property in Kildare. This project also includes the construction of a peacock enclosure and a lift shaft, which has raised concerns due to lack of authorization.
Financial Oversight at McVerry Trust
During a recent session of the Public Accounts Committee (PAC), Francis Doherty, the former CEO of Peter McVerry Trust, highlighted the charity’s journey through a significant financial crisis. The organization faced a shortfall that necessitated a €15 million bailout from the government.
Details of the Investment
- Investment Amount: €300,000
- Location: Period property in Kildare
- New Additions: Refurbished driveway, peacock enclosure, unauthorized lift shaft
Concerns and Future Direction
Doherty remarked on the previous board’s transition from a state of unawareness to prioritizing selfpreservation amid financial struggles. This perspective raises questions about the board’s focus and decisionmaking during challenging times.
As the charity navigates its financial landscape, the implications of such investments and the need for transparent governance come to the forefront.