Mr. Francis Doherty:

The fact is that nobody knew about it. It was done at the instruction of the then CEO in December 2022. During the conversation I had with him on that date in late May, a couple of days before I became CEO, he originally explained that it was related to an understanding by New Directions that it was to benefit in some way from the Capuchin donation to the Peter McVerry Trust for works on its properties. However, by the end of the conversation, it had shifted to my predecessor saying that the funds were actually to make sure that New Directions had sufficient funds to pay his salary for the coming years while it applied for charitable status.