Investigation finds 'inappropriate transfers' of funds at Peter McVerry Trust

The Charities Regulator and the Approved Housing Bodies Regulatory Authority both appointed inspectors to carry out separate investigations into financial and governance matters at the trust. File photo

An investigation into the Peter McVerry Trust has identified “inappropriate transfers” of funds and failures in board oversight in the management and administration of the charity.

The investigation by the Charities Regulator found a lack of adequate and appropriate financial controls with which the board could exercise control over the affairs of the housing charity.