Mr. John Treacy:

We are aware that it is carrying large debt and that cashflow is always an issue for it. Again, however, the sustainability of the organisation is still moving forward. Its debt has decreased in recent times, but it is a concern. We monitor these organisations on an ongoing basis. Obviously, we want to maintain the programmes and when much of the funding is going to people who work within the sport our concern is to maintain those programmes as best we can. We fund on a staggered basis, which protects the funding we give. It is only when we have all the compliance pieces ticked off that we follow through with the second 50% of the funding.

There are checks and balances and we monitor the situation all the time.