Future of Peter McVerry Trust uncertain as scale of financial problems revealed
A series of investigations has been launched into the finances and governance at the troubled charity and its chief executive has resigned and been replaced
When details of “potential financial issues” first surfaced at the Peter McVerry Trust eight weeks ago, the charity was quietly confident it could navigate its way to safety.
Francis Doherty, who succeeded Pat Doyle as chief executive of the charity in June, said that since the financial issues were first identified, the “cash flow pressures have begun to lessen and we have a clear line of sight on a time-bound resolution of them”.
PwC, the auditors, were drafted in to review finances at the charity and Father Peter McVerry, who is the honorary secretary and a member of its board, told the Business Post the “finances are solid” and PwC “wants to be sure that our financials are solid”.
