Mr. Fergal O'Leary:

They were approved by the board and they showed a problem was occurring and percolating in the organisation but what did not happen for a number of months and what we would expect is that we would expect to be informed, perhaps straight after the board meeting, if the trust was having those issues. When we were told about the issues in June, I believe the situation was characterised as short-term cash flow issues that could be resolved by the sale of an unencumbered asset. Then, when charity donations would go up towards the end of the year, the organisation would be on a sounder financial footing. We queried that assumption. The answers we received based on that did not give us the required comfort.