Oireachtas Joint and Select Committees
Thursday, 20 November 2025
Public Accounts Committee
Exceptional Funding of the Peter McVerry Trust: Discussion
2:00 am
Aidan Farrelly (Kildare North, Social Democrats)
With regard to the trust itself, I made the assertion earlier in our second session that it appeared to me that the trust had grown too big to fail. While AHBRA was establishing itself, what appears to have happened was that the trust had fallen between the regulatory cracks between AHBRA establishing itself as a regulator and, potentially, the Charities Regulatory Authority stepping away from its duties. I know there was going to be a shared agreement in place there but it is very clearly the case that both regulators were not in a position to address this with the significance it required.
I am going to ask a couple of questions just to follow up on where things are at right now, if I can. The former CEO number 2, Mr. Doherty, said this morning that in his time there were nine or ten bank accounts operational in the trust at that time. What is the case today? How many bank accounts are operational for the trust at this moment?
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