Mr. William Beausang:

Its overall financial allocation was expanded by virtue of money that it got, ostensibly for rent, which it used for services that it delivers. It is important to say that, as far as could reasonably be determined, there was no personal benefit that anybody in the organisation received from the overstating of the rental amount. Given the work that the Waterford Area Partnership does and the important services it delivers, requiring it to repay that amount would, I believe, have forced it into having to wind up. It was on that basis that we worked through the process in place and the secure write-offs-----