Peter McVerry Trust is committed to maintaining the highest standards of Corporate Governance. We believe that setting and maintaining these high standards is a key element in demonstrating accountability to all stakeholders, funders and supporters. It also ensures that we continue to provide the highest quality service to those in our care.
Our Board comprises of 11 directors with backgrounds in business, finance, law, social inclusion, health and pastoral care. Fr Peter McVerry is a founding company director and holds the office of company secretary. All directors are voluntary and receive no remuneration. This includes the founder Fr Peter McVerry who receives no salary, expenses or allowances, nor ever has, for his continued and valuable contribution to Peter McVerry Trust and its challenge to reduce homelessness.
The Board meets a minimum of 6 times per year and has its AGM annually between May and July of each year. It has overall responsibility to ensure that the governance of the organisation is in line with best practice and that all operational functions meet all requirements under current legislation, charitable and company law, and health and safety standards. Accordingly, the Board mandates the CEO and senior management team to bring before it an annual health and safety statement and annual risk audit for its approval and to carry out regular reviews of all policies and procedures.
There is a strict policy, and implementation of same, around the rotation of members of the Board of Directors. Peter McVerry Trust’s latest AGM was held on the 23rd June 2016. At this meeting the position of 3 Directors was up for renewal. Of the Directors whose positions where up for renewal 1 stepped down and 2 had their positions renewed. Two new Directors were appointed at the AGM. The AGM also appointed a former director who had not been a member of the Board for some years to fill a vacancy arising from the death of a Director who passed in May 2016. Following the June 2016 AGM the total members of the Board of Directors is 11.
There are 3 committees that also report directly to the Board on a regular basis. These are;
The Audit and Finance Committee meets 7 times per year. The Research and Services Committee also meets 7 times per year.
The Remuneration Committee meets 2 times per year and it’s members are all Peter McVerry Trust Board of Directors. They are Peter Birthistle (Chair and also Chair of the Audit & Finance Committee), Rod Ensor (Chair of the Peter McVerry Trust), Liam Connellan, & Jim O’Higgins all Directors of Peter McVerry Trust.
The Board views the financial governance of Peter McVerry Trust as one of its central functions and has a strict code of practice in relation to all fundraising practices and all income and expenditure within Peter McVerry Trust. The Board also produced a financial procedures manual and corporate governance document (available below) both of which are reviewed annually.
Peter McVerry Trust publishes its accounts on an annual basis (see below for our latest published accounts) and makes annual returns to the Company Registration Office (CRO). The charity’s accounts and financial reports also comply with the principles of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP), a legal standard for UK charities which leading Irish charities adopt in the absence of similar legal requirements in Ireland. We also comply with the requirements set down by the Charity Regulator Authority and the Statement of Guiding Principles for Fundraising created by the organisation Irish Charities Tax Research ICTR.
The Board of Directors at its AGM on 23rd June 2016 appointed Donal Ryan and Associates, 34 Manor Street, Dublin 7 as auditors of Peter McVerry Trust for 2016.
Further to our own auditing procedures Peter McVerry Trust is also subject to periodic and random audits by external organisations such as local authorities and other state agencies from which we receive funding. Peter McVerry Trust has a number of service level agreements with several Government Departments and is required to make quarterly and annual returns for funding received.
Peter McVerry Trust is a company limited by guarantee Registration Number 98934 and a registered charity CHY7256. Peter McVerry Trust’s Charity Registration Number is 20015282.
Several of the operational functions of Peter McVerry Trust have additional standards that must be met in order to run approved services. Peter McVerry Trust currently holds clinical governance approval from the HSE for its addiction services and approval from the HSE Under 18s Childcare Inspectorate for its residential childcare facilities. It also measures itself against Children First legislation, Putting People First Standards and QUADS.
Fr Peter McVerry founded the charity now known as Peter McVerry Trust over 30 years ago. He receives no salary, expenses or allowances, nor ever has, for his continued and valuable contribution to Peter McVerry Trust in its challenge to reduce homelessness. In 2005 Fr McVerry and the then Board of Directors took a strategic decision to appoint the charity’s first CEO who was tasked with growing the organisation in response to the growing homeless need.
The CEO has overseen significant growth since then and in 2015 Peter McVerry Trust worked with over 4,700 people. The charity has 162 properties and growing, it provides over 500 residential placements per night and its operational budget for 2017 is over €19 million.
There are no top ups paid to the CEO, senior management team or indeed any Peter McVerry Trust staff member and no employee of Peter McVerry Trust is paid a six figure salary. The CEO’s salary is in line with HSE pay scales and is aligned to point 3 for a Director Regional Health Office post under the Haddington Road Agreement. The CEO’s salary was frozen between 2009 to 2015. It was reviewed at the Peter McVerry Trust Remuneration Committee in June 2016. It has now moved from the amount of €96,211, to €98,382. (Point 3 for a Director Regional Health Office post under the Haddington Road Agreement)
Peter McVerry Trust does not pay health insurance nor provide the CEO with a company car nor is a fuel card provided. Peter McVerry Trust pays a 16% employer contribution to the CEO’s defined contribution scheme.
All salaries paid to staff of Peter McVerry Trust are in line with HSE pay scales. In light of the current economic climate and in an effort to maintain service provision the CEO, senior management team and staff of Peter McVerry Trust took a voluntary pay cut in 2009 and all staff salaries have undergone a pay freeze since up to the end of 2015. This pay freeze was reviewed by the Remuneration Committee in late 2015 and it was agreed that increments would be paid to staff on a phased basis in 2016.
The Peter McVerry Trust pays travel expenses in line with Civil Service Rates to specific post holders who travel across sites and services around the country. The CEO is subject to this scheme. These are signed off by the company secretary and calculations are checked by the Peter McVerry Trust auditors.
“We confirm that our organisation complies with The Governance Code for the Community, Voluntary and Charitable Sector in Ireland”.
In 2010 Peter McVerry Trust’s Board of Directors agreed our Corporate Governance document. This document is reviewed on a regular basis and the most recent document was approved in 2014. This document is available below together with our most recent audited accounts and our most recent annual report.
Other publications available from Peter McVerry Trust include our Strategic Framework documents which can be viewed here.