Ms Laverne McGuinness:

First, we were not aware of any fund, which was accumulating an amount. Second, the other organisations we fund in a similar situation do not have access to such funds. They would not have a level of funding of that nature. One would expect that if they were to fund from their own sources, they would generate savings or suppress a post to make good the shortfall. We were certainly at that time focused on the level of funding we were providing from the public pot, which was €16 million at the time.