Dcwwjn Erwdope ID.. 2F3W1t>199M5Cfy8187-E48FDBFBF956 Charlty number: 1112911 THE SOLE 2 SOUL FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
D(Jn Envdw ID.. 2F3DA41D-1B9>85C0-81B748FDBFBFg55 THE SOLE 2 SOUL FOUNDATION corirENT8 Page Refor•nce and adminlstrathie detalls of the charity. its Trust••B and advlgevs Trusts•8' rnport Independenl examine¥ rèport statsmgnt of financial a¢Ovltles Balance sheel Notes to the financial statements 7-16
0013n Envelope ID.. 2F3DA41[k1B9>85cfy81B718FDBF955 THE SOLE 2 SOUL FOUNDATION REFERENCEAND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 6 APRIL 2026 Tntstees JCPSmith A S Smith Charity regIstsr1 nun*J•r 1112911 Prlnclpal offl 30 Nel$on Street Leicestsr LE17PA Accountants Somerbys Limitg 30 Nelson Street Leicester LE17BA Page 1
OocuBkJn Enle ID.. 2F3DAA1LY1B9&85CO-81B7-E48FDBF8F955 THE SOLE 2 SOUL FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2026 The Trustees present their annual report together with fina1 statements the charity for th? 6 April 2025 to 5 April 2026. Obifjctivos and activiti•s • Pollcle¥ and objective8 The key obiecis oflhe Charity .. - To relieve financial hardship and povety - The thancement of education ofthe Christian relig In setting objectives and planning for activities. the Trustees hav& given due considerath)n to general guidance published by the Charity Commission relatiThJ lo publ benefrt, inGluding the guidance 'Pubk'c benefit.. running a charity IPB2}'. Activlll•s forachlevlng obl•thes In planning our aclivilies we hav8 kept in mind the Charits'es Commission guidan on Public Benefit. In fuffilling our principle objects, we provide benefrt through providing relief of financial hardship and povety, usualty through other charrties which have established infrastructures to gel the funds to those rrK)st at need. Furthemiore, in temis of advancing the Christian faiLh, the charity supports a local Church. which enables ordinary people in the community to worship, pray, find out more about Jesus antj help other peopk in the eommunty. Achlevements and perfom•n¢e R•vl•w of actlvltles In the year under rev the Trustee$ made grants to organlsatbns a1 individuals, ranging tr( £10 to £20,01)O. The Trustees were satIsfd they have supported a wide range of valuabl8 activrties for the purposes that they continue to support. During the year the charity continued lo provKle acc¢)mmc¥Jalion for church missionaries. The charty benefits from the income generated by the investment properties, to the lune of £80,10512025.. £79,694) in rental inc¢Jne. enhancing the abilty to make ¢haritable donal•)ns. Golng Concern Going concern After making apprcpriate enquir$, the Trustees havè a reasonable expectation that the charity has adequate Tesources to continue in operational existence for the forgseeable future. For this reason the Truslees concluded that rt is appropriate to continue lo adopt the going concern basts in prepariNJ the financial slalements. Further d@tsil$ regarding the adoption of the going corKern basFS ean be found in the Account#ig Policies. Page 2
Doolgn En¥eW 2F3W1ts189$85¢L18187.E48FtW966 THE SOLE 2 80UL FOUNDATION TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 6 APRIL2026 Structurn. governanc• and managnent The Sole 2 Soul FndatIOn wa8 es18h9d on 15 November 2C#)5 and is govemed by th8 Trust De&J of that dale. The charity was registered with the Charity Commissic on 2 February 20 under registration number 1112911. • Strncture. governance and managwnent Thg manapmtytt of the charity is th8 responsibilty of thè Trustees who are e¢ted and CO•OPted uler the t8ms of Ihg Trust de8d. Thè Trustees who 8eNed during the year were.. JCPSmbth A S Smith The Trustoes a responsible for the 8PPOtnlmenl and training of Y new Trustee. Induding awareness of a Trustéè's re¥tJnsibilitlas. the InJ8t deed. charit)le objec15 arKI WtredU. The Trustee5 have ¢ondu¢led a review to hYentsfy the major rksks to which the charity K8 e>pos&J and systems have been established to mitvJate those rtsks. The risk pc4icy is revi annualty by the TN$tees and updated Trustee megtinp are hekl quarterfy and regular contactlg maintained to detenInethe dtilbUn rrffunds. Apkyoved by order ofthe nwibers ofthe tArd ofTru3tees and swJn8d on 1r behaw try.. C&arfLS g JCPSmSth Trustee Dat&. 1 June 2026 P&ae 3
C•ethkJn Envelope ID.. 2F3Dm1D-1B934fy8lB7wFoF8F9SS THE SOLE 2 SOUL FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 6 APRIL 2026 Independent examlnerfs report to tho Trust•86 of The Sole 2 Soul Foundation (h• charity I rep)rt lo the ChtY Trustees on my exaMInat of the financial Statements of the The Sole 2 Soul Fi)undat¥)n 'the Char for the year ended 5 April 2026 whh conprise the Statement of Financial ActNitw. the Balanr Sheet the SLmenl of Cash Flows and related notes. This report is made solgly lo the tharty'$ Trustees, as a body, in accordance with s8Ction 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's Twslees those matter51 am required lo state lo them in this report and for no other purpose. To the fullest extent permrtted by law, I do not accept or assume responsibilrty to anyone other than the charity and the charity's Trustees a8 a body, for my woth, for this report, or for the opinions I have formed. Responslbllties and b•g1s of Yeport As the Trustees of the charty you are responsible for the prgparalion of the firtan¢ial stements in xordance with the requirements of the Charilies Act 2011 {'the 2011 Act,). I report in respect of my examinat)n of the charity's accounts carrEd out under section 145 of the 2011 Act and in carrying out my examination I have followed the apPIable Directions gNen by the Charlty C(xnmission undar se)n 145(5llb} of the 2011 Act. An fftdepend8nl examination does not invofve gathwing all the evidence that woukl be required in an audf(8nd consequentty does not cover all the matters that an auditor considers in giving their Opinh on the financial statements. The planning and condLKt of an audit goe5 beyond the limiled assurance that an indepèndent examination can provide. Consequently I gxpress no opinpjn as to whether the financial stslemenls present a'true and fairf vwi and my report is limited lo those $pecffiG matters sot out ui the independent examiner's $tat8ment Indepgndentexamin•rfs stat8ment I have compkted my examinalion. I confimi that no materral matters have come to my tention in connection with the examination giving rne cause to beleve that in any mat8rk?I res1.. 1. Sccounling records were not kept in r8spect of the charity 88 required by seCtn 130 of the Act,. or 2. the accounts do not acCCd with those rrds. I have no concems and have com& across no other matter$ in connection wth the examinalion lo whh attention should be drawn in this report in order to enable a proper understanding of Ihe •cnts to be reached. &gned: Daiwj. ofj106 Izo A IA West IFCA Chartered Accountsnt 30 Nèlson Street L¢lcè8tèr LE1 78A Page4
Dow8tyJn Erh4op8 ID.. 2F3DAA1o-189M5C0418748FDBFBFg55 THE SOLE 2 SOUL FOUNDATX)N STATEMENTOF FINANCIALACllVITIES FOR THE YEAR ENDED 5 APRIL 2026 Tctsl funds 2¢Y28 Total funds 2025 Note In¢off• from: Donations aTrJI8g Investtrnnts 156,100 81,071 128,706 81,230 Total Income 237.171 209.936 ExpgndSture . Charitable xlivities 159,265 182.860 Total oxpendttur• 159,265 182,880 Met movernent In furtds before other recognlsod gains 77,9f 27,076 Oiher recognised galns: Gains on revalijation of inv8strn8nt prop 11 Net movement In funds 77.906 27,076 Reconclllatlon of funds: Total funds broughl forward Nel rnoVeffnt in fund8 2,055,664 77.9C6 2,028.588 27,076 Total funds carried forward 15 2.133.570 2.055,664 The rK>les on P05 7 to 16 forn part ofthes& financral statements. Page 5
DttL*n ErNek)pe10'. 2F3DM1t>189&86W1B7-E48FD8FBF955 THE SOLE 2 SOUL FOUNDATION BALANCE SHEET AS ATSAPRIL 2026 25 Fix•d a¥Js8ts Tangible assets Inveslmont propety 10 11 883.110 1,650,IXIO 903,648 1,650,000 2,533,110 2.553.648 Current a88ets 12 21,307 29,287 15,752 71.272 Ca$h 8t bank and kn har 50,594 87,024 credit.. aUnts falling duebvilhin one 13 {2.658) (2,532) 14et curvent assets 47,936 84,492 Total a88ets1888 currnnt liabilittg5 2,581,046 2,638.140 Credhors: anKJunts falling due aftermoTe Ih8n year 14 (447.476) IW,476) Total net assots 2,133,570 1055. Charity funds ReslrictedfurKIs Unrestrictèj funds 15 15 2,133,570 2.055,e64 Totsl fvnds 2.133.570 2.055,664 The finandal $talements w¢re approved and authori59d for issuè bythe Trustees and sign1 on thwrbehaKby.' JCPSmfth Tn¢tee Date 1 June 2026 The notes on pag8s 7 to 18 fomi part of thesefinancial statements. Page 6
D0CLn Emlope ID.. 2F3DM1D.lB9Il8lB7DBFBF955 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2026 ounting policie8 1.1 8asig of Pmparatlon of flnanclal 8tatsm•nt8 The fineal stat8m8nls have been prepared in ac¢¢rdan with the Charities SORP (FRS 102) Accounting and Reportbng by Charities.. Statement of Recownmended Praclicg 8pplicae to charrties prgP8ring their accounts in accordan( with the Financial Reporting Siandard applicable in the UK and Republic ol Irèland IFRS 102) leffecthie 1 J8nuary 2019}, the Financial Reporling Standaid appluble in thè UK and Republic of Ireland {FRS 102) and the Chartlies Act 2011. The tharity has lakon ¥lvantage of the promsions Ni the SORP for charitles apptyin9 FRS 102 Update Bultetin 1 The fjn8nd81 $ts1gm&nts have been prepared to gNe a 'lNe and f8if wew and have departed from the Charities (A¢unIS and Reports) Regulations 2008 onty to the extent iequiied to prowde a 'trug and fairf view. This departure has invotved following the Charities SORP {FRS 102) published on 16 July 2014 ralher than the Accounting and Reporting by Charities.. Stslement of Recommended Pralaice effective from 1 Apr 2fy)5 which has Sin been hth(Wn. The Sole 2 Soul Foundation meets Ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially reCnised al historical cost or Iransa¢b'on value unless otheiS? stated in the relevant countiThJ policy. 1.2 Fund a¢¢(ntIng General fvnds 8re unrestrided funds which are available for use at the dlsuelw of the Trustees in furtheran ofthe general objecb.ves of the Charity and which have not been designated for other purpc68S. 1nvestsmgntinrne. gains and1088e8 are allc¢aled tothe appropriat8 fvnd. 1.3 Income AM rme is tets)gr#sed one4 th8 charity has entitlemenlto the income, it 18 probablethatthe in¢ome will be r1ved and the amount of income rscivabl Can be measured reliably. For leg8cies. entitl8ment is taken as the earfr of th& sjale on which either.. the charity is aware that probate has been granted, the eslale has t•en finalised and notification has been made by the executor(sl to the Trust th8t a distribution will be made, or when a tjislrfbutlon Is received froffl the estate. Receipt of 8 legacy, in whol8 or in parL i8 only considered probablo when the amount can be measured relk7bly and the tharity has been notified of the executorfs intention lo make a distribution. Where legacAes have been notified to the charily. or the charity is aware of the granting of probate. and Ihg criteria for income rwnilion have not been mel, then the legacy is treated as a contingent asset 8nd disdosed tl material. Donated services or f8ty1ilies 8re reccgnisad when the charity has control over the Item, any cdtI10nS assttiated with the donated item have been mel, the rgceipt of economic benefit trorn the use ofthe arity of thè itèm is probable and that economic benefrt can be measured reliably. In acccfdancè th the Charibes SORP {FRS 102}. the general volunteer lime of the Friends is rt r8cognised and refer to the Twstees, reptsrt for moit infomation abcKrt their ntributiOn. On 1p1, donated professional services and donated faC1@S ar8 recognised on the basis oflhe val of thg grft to the charity which is the amount the ¢h8rity w0d have been willing to pay to obtain Serv8 or facilities of equivalent oconomic tenefrt on the open market., a ¢QTresponding amount is then recognised in exnd*ure in tho perKJd of receipt. Income tsx re(x)VW8ble In relatlon lo donalion$ r1Ved under Gift Aid or deeds of covenant is r8cognis8d at Ihe bme of the donation. Income lax rer/)verabJe in relation to invèstrnent income is racognised al the time the investment income is receNable. Page 7
Ooojsfgn En¥elcye ID.. 2F30A41tlB&$8sc8lB7-E4sFDÈFBF955 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2028 A¢¢ountlng pollcles Icontinuedl IA Expendlture Expenditu is recognised once there is a 18gal or constructive obligation to ITansfer economic benefft to a Ihird paty, it 1$ probable that a transfer of economic benefits will be required in settlgnEnl and the anUnt of the Obligat con be measured reliably. Expgnditure is classified by aclivty. The costs of each activty are made up of the total of direct Costs and shared costs, including support Costs involved in undertaking each activty. Direct Costs attributable lo a Sing activity are allc¢ated directly lo that adivty. Shared costs which contribuie lo more than one 8CtNity and support costs whh are not attributable to 8 siigle activity ar8 apportioned betsen those actiwlKes on a basis consistent wrth the use of resources. Central staff costs are allocated onthé basis oftime spent, and deprKiat¢on ¢harges allocated on the portion of the asset's use. Charitable activities and Governan costs are costs incurred on the ¢h•riWs educatbnal OFeralions, includiNJ support costs and Costs relating to the govemance of the thanty apportioned lo chgritoble actlviks. Grants payable are charg8d in the year when the offer is made except in those cases where the offer conditional, such grants being recognised as expenditure when the conditKJns attachin9 are fulfilled. Grants offered subject lo nd1th)nS whh have not been met at the year end are noted as a commitmenL but not accTued as expendrture. 1.5 Golng conc4rn The Trustees assess whether th8 use of 90ing concem is apPrOprte. ie vthether there are any material uncertainties related to events or condilK)ns that may cast significant doubl overthe abilty of charity to eonlinue as a going concern. The Trustees make this assessment in respect of a period al least one year frun the dat8 of authorisation for is$ué of the financial stslements and have concluded that the Charity has adequate resources to ¢tinUe in operational existence, 1.6 Tanglble flxed assots and depr•cFation Tangible fixed as8e18 Costing £100 or more are captiali8&J. Tangible fixed assets are Initially recognised at cost. After recognition. under the cost modol, tangtle fixed assets are measured at cost accumulat8d depreciation and any accumulated impairment losses. All costs incurred to brin9 a tangible fi'xed asset into its intended working condition should be included in the measurement of co8L DePrlatIon is charged so as to allocate the cost of tangible fixed assets18SS their residual value over their estimated usefvl lives, on a Teducing balance basis. DepTlatIon is provided on the folkming basis.. Freehold property - 2% on cost 1.7 Investment property Investment properties are properties held by the charity to earn rentals or for capital appreciation, rather than for use wi the supply of charitable activities or for sale in the ordinary Course of charity operations. Investmnl properties are initially measured at cost and subsequently al fair value at the reporting dale. The surplus or defi'cit on revaluation rs recognised in the Slalement of financial tNitw. Page 8
tIocus*n ErNdtyy• ID.. 2F3DAAltk189U5CM187-E48FDBF6F955 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2026 Accountlng policies (Continu> 1.8 Dobtor8 Trade and other debtots are recognised 8t the SettlenI amount after any trade discount offered. Prepayments are valued al the amount wepaid net of any trade discounts d. 1.9 Cash at bank and in hand Cash at bank and in hand include8 cash and short-temi hwJhty liquid investrnenls th 8 short maturity of three months or less from the dale of acquisrÉion or opening of the deposil or simi[ account. 1.10 Liabiliti95 and provi8ions Liabilrtie$ are reeognised when there is an obligation at the Balan¢e sheet date 8s a result of a past event, il is probable that a transfer of economic be wi15 be r8quKed in sèttlemtsrt and the amount of the settlement car¢ be estimated r¢li8bty. Lk4biliti8s are recognised al the amount thal the ¢harty anticipates il will pay to seltle the debt or the nounl f( has received as advanced payments the gcods or ¥ervices it must provide. Provisions are measured al the best estimate of the anv)unts required lo ¥ettlp the obligation. Where the effect of the lime value of mongy 1$ material, the prowsion is based on the present value of those amounts, discounted 8t the pre-tax discount ratè that refflects the risks specific lo the liability. The unwinding of the discount is reccgnised in Ihe Statement of financial activities as a finance cosl. 1.11 Flnanclal Instruments The Charty only has financial assets and finan¢ial liabilitÈ$ of a kind that qualfy as basic financk11 instruments. BasK fin8nci81 instruments are inrtLalty retognis8d al transaction value and subsequent measured al their settlement value wrth the exceplion d bank loans which are subsequently meosurgd at amortised cost using the effectNe interest method. Income fr¢m donatlons and logacies Total nds 2026 Total funds 2025 Donatlons HMRC tax refunds 134,880 21,220 112,965 15,741 Total 156,100 128,7C Page 9
DO¢1gn Eth*l¢w6 ID.. 2F3D17B9&8scIMl87_E46FOFBFg55 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 In¥tment Income Total funds 2026 Totsl funds 2025 Rent ReceNe(I Interest ReceNed 80,105 79,694 1,536 Total 81,071 81,230 Analysis of expenditure by activities DIrt costs 2026 Grants Support costs 2026 Total fijnds 2026 Total frjnds 202S 2026 Charitable xtNit 42,476 110,141 6,648 159,265 182,860 Total 2ff25 40,810 136,449 5,601 182,860 Analysis of dlrect cosls Totsl funds Total fun¢Js 2025 Deprttiati)n Propety mainlenar¢ce 20,538 21,938 20.537 20.273 Total 42,476 40.810 Page 10
DOC¥gTh Envdcye ID.. 2F3DAA1t>1B93-85C041B7-E48FDBFBFg55 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO S APRIL 2026 Analyslsof expenditure by activities (contlnuod) An•ty$i8 ol support costs Totsl fund$ 2026 Total 25 Governance costs {$88 note 5} 6.648 5,601 GovemanGe Costs 2026 2025 Accountancy fe85 Legal and professional 1885 5,460 1,188 5,061 540 6,648 5,601 Anatysis of grants Grants to Institutions 2026 Grants to IndNiduals 2026 Totsl ftJnd$ 21r26 Total funds 2025 Grants paid 80.241 29,9Crf) 110,141 136.449 Total 2U25 81.9S6 54,453 136,449 Grants to Instltutlons 2026 2025 Ministries without Border5 Inlern8tional 22.620 30,120 9.10D Living Rock Trust Hesed Trust 19,970 31, other 6,091 11,876 80.241 81.996 PaJe 11
Docwvjn E¢ve ID.. 2F3oAA1[IB9>asC1k81874eFDBFF95S THE SOLE 2 SOUL FOUNDATK)N NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 Indepgndent oxamln•rfg Y•munoratlon 2026 2025 Fees payable kj the charity's independent examiner forthe irthpendent examinat ofthe charity'$ annu81 accounts Fegs payable to the charilVs independent exarniller in respect ot. All other seNices not included above 2.658 2,532 2.802 2,529 Trust8 The charty has no employees other than the Trustees. None of the Tiustees {or any of the person5 connected with them) recewed any remuneration or benefits during the year or prevK)us yeai. No Trustees received any mI)UrSeMent ofexpenses during th8 year or pwious year. Page 12
Douffjban En¥dope ID.. 2F$OM1189&8sC1M7B7-E48FD8FBF95 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2026 10. Tangible Ilxed as80ts Freehold property Cosl or valuation At6 April 21r25 Addth'or Transfer to Inv051menl property 1.026,871 At 5 April 2Q6 1.026,871 Depreclatl¢)n Al 6 April 21y25 Chafge for the year Eliminated in resP&t Trnrfer 123,223 20.538 At 5 April 2028 143,761 N•t book value At 5 April 2026 883,110 At 5 April 2025 903.648 11. Inveslm•nt propgrty Freehold investment propety Valu•tion At 6 April 2025 Trdnsferfrc¥n fred))kl 1,650.000 RevalualKJn At 5 April 2026 1.650.OCKI The f reehold investm1 properties were valued by the Trustees, on an open market value for existing use basis. Page 13
Cc1g EnlOpe10.. 2F3DA41th1B9>&5CM1B7-E46FDBFBF955 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2026 11 Debto 2026 2025 Due aftermore than on• yaar Other debtor Due wllhln one year Income lax rec>)verable Other Deblus 21,220 15,741 11 21,307 15,752 13. Credltorn: Amounts falling due wlthln one year 2025 Trade Creditor¥ Accruals and deferred inGorne 2,658 2.532 2,658 2,532 14. Croditorn: Amounts falllng du• aftor mor• than one yr 2026 2025 Other creditors 447.476 582,476 Page 14
Do¢JJ&¥n ID.. 2F3DA41D-1B9MSCth81B7.E48FD8FBF955 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2026 15. Ststement of fundg Statomont of funds- currentyear Balancg at 6 April 2025 Gaiisl Bdance al 5 ILos$es) April 2026 Income &penditwe Unr•stricted fundg General fvnds 2,055.664 237,171 1159,2651 2,133,570 Statement of fvnd$- PTiory•ar Balance a16 April 2024 Gainsl Balance at 5 ILosse5) April 2025 Income Exwditure unrtricted funds General fvnd5 2.028,588 209,936 (182,8601 2,055.864 16. Analys18 of net assets bgtwoen lunds Anatysls of net assets botw8en fund$- current year & prfor yw Tolal fuTrJ$ 2025 lunds 2026 Tangible Ie assets Investment prcyety Debtors due after more than one year Current assets Credttors due within one year Creditors due in more than ong year 883.110 1.650,CQO 13.648 1,650.0 50,594 87,024 {2.658} {2,532) {447,476} (S82,476) Total 2.133.570 2.055,644 Page 15
CwLtsb3n En¥dcye ID.. 2F30M1lMF8ScfyelB7-F46FDBFBFg55 THE SOLE 2 SOUL FOUNDATION NOTES TO THE FINANCIAL STATEMEITrs FOR THE YEAR ENDED 5 APRIL 2026 19. Relatsd party Iransactions Included in other creditors is £447,47612025.' £582,476) foaned by J C P Smith a Trustee. The loan w8$ to enable the chary to purchase the freehold and Thestrnenl propety. During the year £22.62012025.. £30,120) was paid to Ministries Wrthout Border5 IntematDnal. a charity in which J C P Smith is a Twstee. During th8 ye£31,56012025.' £30.9001 was paid lo Hesed Trust, a charity in which both J C P Smith and A S Smith are Trustees. All transxtions with relalefl partie$ areat ann's19th and in accordancewilh the Charty'$ obieclwes. Page 16