Ms Angela Kerins:

The charity owns the assets of the organisation and we cannot decouple them. We cannot turn around and decide something is now commercial and no longer owned by the charity, unless it wants to sell it, but then the money would have to come back to the charity. If one closes down a charity, its assets must transfer to a similar charity with a similar ethos. Trying to define a new structure is a green field. We are on our own in Ireland, if not elsewhere. We have built a commercial side to the organisation which is wholly owned by the charity. In the United States and perhaps elsewhere there are examples. Bupa is a not-for-profit organisation which owns substantial businesses. We have work to do. We have grown significantly and now need to stand back, challenge the structure and see if it is fit for purpose.