McVerry Trust Invests €300,000 in Period Property with New Driveway and Peacock Enclosure
McVerry Trust, a prominent housing charity, is reportedly investing €300,000 to refurbish a driveway at a historic property in Kildare. This project also includes the construction of a peacock enclosure and a lift shaft, which has raised concerns due to lack of authorization.
Financial Oversight at McVerry Trust
During a recent session of the Public Accounts Committee (PAC), Francis Doherty, the former CEO of Peter McVerry Trust, highlighted the charity’s journey through a significant financial crisis. The organization faced a shortfall that necessitated a €15 million bailout from the government.
Details of the Investment
- Investment Amount: €300,000
- Location: Period property in Kildare
- New Additions: Refurbished driveway, peacock enclosure, unauthorized lift shaft
Concerns and Future Direction
Doherty remarked on the previous board’s transition from a state of unawareness to prioritizing self-preservation amid financial struggles. This perspective raises questions about the board’s focus and decision-making during challenging times.
As the charity navigates its financial landscape, the implications of such investments and the need for transparent governance come to the forefront.
