Oireachtas Joint and Select Committees

Thursday, 20 November 2025

Public Accounts Committee

Exceptional Funding of the Peter McVerry Trust: Discussion

2:00 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North-West, Fianna Fail)

Okay, that is useful information. In the 2023 accounts, the overstating is incredibly significant. The trust was carrying an amount of fixed assets which was overstated by €34 million, income recognised was overstated by €489,000, reserves brought forward were overstated by €21 million, trade and other debtors were overstated by €75,000, creditors including CAS were overstated by €13 million and expenditure recognised had been overstated by €489,000. The most alarming figure that I came across in all of it was that there was €125 left in the sinking fund for an entity that had hundreds of properties across the city. Currently, what is the balance of the sinking fund?

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