New financial statements highlight the challenges facing the new board at the National College of Art and Design, writes Education Correspondent Niall Murray.

The prestigious national art college, which boasts designer, Orla Kiely and milliner, Philip Treacy as celebrated alumni, last year abandoned a new HR and payroll system - but only after spending €138,000 on the project.

The annual NCAD Fashion Show is a showcase of the newest and brightest talents in Irish design.