Caranua, the Residential Institutions Statutory Fund Board, is an independent statutory body established pursuant to the Residential Institutions Statutory Fund Act 2012 to oversee the use of the cash contributions of up to €110 million, pledged by the religious congregations, to support the needs of survivors of institutional child abuse. The legislation sets out the Board's various powers and functions. Section 20 of the Act sets out the provisions that apply to the making of applications to the Board and associated matters.