It is not the same as a grant from IDA Ireland or a similar grant. A total of 2,000 projects were given support and this is the only one in respect of which there is an ongoing relationship in respect of its funding. The other 1,999 projects received once-off grants. We could inquire about each of those projects and request to see their annual accounts, but we have not done so. It was decided that, because of the special circumstances involved, in the event that profits were made – audited accounts are necessary to discover whether this was the case – 10% up to £700,000 would go to Irish charities. That pledge still holds. However, until I receive the audited accounts I will not know the percentage of the profits which will be donated to charity. The accounts will be ready in November.
From what I have heard, I am not hugely optimistic that a large donation of funds will be made to charity. However, over 2,000 projects in total were supported and the project in question was unanimously supported by the committee because it appeared to be of interest, given its special nature and the time of year involved. The commitment to try to recoup some of the funds means that this is the only project out of a total of 2,000 in respect of which special arrangements were made.
As soon as I receive the annual accounts I will discover whether a profit has been made. There is no point in asking what is the company's current cashflow because I need to know what is the profit for the year. If a profit has been made for the year, 10% of it will go to the fund in question. If there is no profit – I would not hold my breath in terms of there being a profit – the matter rests there. I cannot provide further information until I receive the accounts in November.