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2025-06-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

ECO BRIX UK

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1184169

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

1

ECO BRIX UK

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 -7 Trustees' Report
Pages 8 Independent Examiner's Report to the Trustees
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 - 13 Notes to the Financial Statements

2

ECO BRIX UK

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1184169 DATE OF REGISTRATION 28 June 2019: CIO registration START OF FINANCIAL YEAR 1st July 2024 END OF FINANCIAL YEAR 30th June 2025 TRUSTEES AS AT 30th June 2025 Martin Worster Chair Nick Chapman Treasurer Anthony Topham Kedge Martin Anjana Krishnan Key Management Personnel Andy Bownds CEO & Founder Andy Teale UK Operations Manager LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT Constitution OBJECTS The preservation and protection of the environment for the public benefit, mainly but not exclusively in the Masaka region of Uganda, by support to: (a) The promotion of waste reduction, re-use, reclamation, recycling and improved waste management techniques; (b) Educating the public about environmental conservation, waste reduction and waste disposal. CORRESPONDENCE ADDRESS 6 Vicarage Close Aston Bampton Oxfordshire OX18 2BZ

INDEPENDENT EXAMINER

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

3

ECO BRIX UK

(Charitable Incorporated Organisation)

TRUSTEES REPORT

FOR THE YEAR ENDED 30TH JUNE 2025

The Trustees present their annual report and the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 2015 "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2020.

Objectives and activities

The preservation and protection of the environment for the public benefit, mainly but not exclusively in the Masaka region of Uganda, by support to:

(a) The promotion of waste reduction, re-use, reclamation, recycling and improved waste management techniques;

(b) Educating the public about environmental conservation, waste reduction and waste disposal.

The Objects for which the Charity is established:

The UK Charity Eco Brixs UK focuses on marketing and fundraising activities for its partner organisation, a Ugandan NGO, which is called ‘ECO BRIXS’ and is a registered NGO in Uganda with registration number 4042. It is often referred to as ‘Eco Brixs Uganda’ to distinguish it from the UK charity.

The Ugandan NGO:

The Ugandan entity, based in the district of Masaka in Uganda, uses the funds raised by the UK Charity to grow its recycling services and reduce pollution.

The focus of the organisation is recycling plastic waste, as currently there are no waste management systems in Uganda, and it is estimated that 600 tonnes of plastic is disposed of each day in Uganda.

Furthermore, this waste is often burnt or buried in unsafe landfills, posing a risk to both the environment and the community.

The NGO’s model is based on purchasing plastic waste from the community, therefore creating job opportunities to also tackle poverty in Uganda. Once the plastic is purchased, the NGO recycles this plastic into new items of value (EcoProducts and Plastic Flake), which it can sell. This helps the NGO to generate revenue to ensure it can keep paying the community for its plastic waste.

In addition to this, the NGO also focuses on:

Main achievements in period to 30th June 2025

How the UK Charity works in partnership with the Ugandan NGO:

The UK charity helps facilitate this work via fundraising, which helps the NGO to contribute to the preservation and protection of the Masaka environment, as well as promote and teach environmentally-friendly behaviours to the local people.

In its sixth financial year, the UK Charity raised funds of £523,494 to support this work. Within the year, it donated £448,433 to the Ugandan NGO.

4

ECO BRIX UK

(Charitable Incorporated Organisation)

TRUSTEES REPORT Continued FOR THE YEAR ENDED 30TH JUNE 2025

Funds were raised via:

Note A : whilst Eco Brixs UK received a further £50,672 under the CFYE programme in Year 6, this is income for its consortium partner, Taka Taka Solutions . As these funds cannot be used to support Eco Brixs’ work and activities, this amount has been listed in Note ‘N8 Funds received as agent’ and not included in total income on the SOFA.

Note B : Eco Brixs UK facilitated an impact loan of £17,035 from the Belgian charity Crédit Sud (Fraternité Saint-Paul) to support operations in Uganda, specifically to fund the purchase of a new truck for the collection network. The funds were received by the UK entity and transferred in full to Eco Brixs Uganda, which maintains direct responsibility for the loan's management and repayment. As this was a pass-through loan and not a grant, the amount does not appear within Eco Brixs UK’s income. Subsequent repayments will be made directly from Eco Brixs Uganda to Crédit Sud, with no further funds passing through Eco Brixs UK.

Alongside the UK charity’s direct financial contributions to the NGO, the UK charity also supports the Ugandan organisation in its own fundraising efforts, specifically by marketing the NGOs work and achievements. This has helped the Ugandan NGO to fundraise a further £24,924 that has been paid directly to that organisation. This was a grant from TRANSFORM to help Eco Brixs scale its impact in Uganda, and is awarded under a partnership with Unilever, the UK’s Foreign, Commonwealth & Development Office (FCDO), and EY.

This ‘marketing support’ has been largely achieved by the UK charity maintaining and developing the following:

Each method above has been used to promote the work of both organisations, stay in touch with supporters, and generate donations.

The carbon offset programme that was established in 2021 has helped generate a further £3,466 in Year 6. This programme was set up as the plastic recycling process in Uganda creates ‘carbon savings’ when new products are created out of recycled plastic rather than using virgin plastic or other brand new materials (e.g. timber). Therefore, Eco Brixs has the opportunity to sell carbon credits to external organisations and individuals to help them offset their carbon impact.

This service helps protect the environment and educate the public about carbon emissions, whilst also raising funds to further support the development of Eco Brixs UK and Eco Brixs Uganda.

The consultancy service has also continued since 2021 raising a further £8,363 in this financial year. This is led by the CEO of Eco Brixs who provides advice to external organisations on how they can set up their own recycling project in Africa, replicating the model of Eco Brixs (recycling plastic whilst creating collection jobs for the community).

To date, Eco Brixs has advised organisations in Nigeria, South Sudan and the Democratic Republic of Congo. This is helping Eco Brixs UK to contribute to the protection of the environment on an international scale while helping to raise funds to further the work in Uganda.

Eco Brixs also began running a Education Programme with the University College Dublin in 2024, where it hosts a group of students as Eco Brixs’ Recycling Plant in Uganda for a week. They collaborate with the Ugandan team on projects as well as learn about recycling, the circular economy, and Ugandan culture. To date, this has generated unrestricted income of £9,062 as the students fundraise for the trip as a part of their course programme.

5

ECO BRIX UK

(Charitable Incorporated Organisation)

TRUSTEES REPORT Continued

FOR THE YEAR ENDED 30TH JUNE 2025

Organisational structure and any wider network workings

The UK Charity Eco Brixs UK works in partnership with the Ugandan NGO, to help protect the environment, whilst creating jobs, in the region of Masaka, Uganda.

As principally a fundraising organisation for the Ugandan NGO, the trustees of the UK charity monitor the accountability of the funds donated. This is reported through the CEO, Andrew Bownds, who presents this information at quarterly Board meetings and as required. The CEO is responsible for ensuring donated funds are spent in Uganda as outlined by the trustees’ decisions.

As donations made from the UK entity to the Ugandan NGO are in the region of several thousand pounds (to minimise international transfer costs), and equal to a significant amount of the charity’s income, these are dual authorised by the trustees after extensive discussion with, and clear justification from, the CEO.

The expenditure of these funds is monitored according to the UK charity’s policy of monitoring expenditure abroad.

Structure, Governance and Management

New trustees are recruited through a process of public advertising which includes publishing a role description and person specification. (The term for a new trustee is three years.) Then, shortlisted candidates are interviewed by the current trustees, where the candidates are assessed with regards to their skills, knowledge and experience, to ensure they have the necessary criteria to effectively administer the CIO.

As the governing document describes, age is also considered (required to be above 16). For the selected candidates, a verbal and written offer is made for them to accept. If accepted, a resolution is then passed by the current trustees and the Chair (or nominated person) will update the Charity Register to reflect the appointment of the new trustee. New trustees are provided with copies of Eco Brixs UK’s governing document and latest Annual Returns to familiarise themselves with, as outlined in the organisation’s constitution.

Trustees are also asked to read the Charity Commission’s ‘The Essential Trustee: What You Need to Know, What You Need to Do’ document.

Trustees are then given an induction presentation to Eco Brixs (both the UK Entity and the Ugandan NGO). This introduces the organisation’s model and financial position, and is presented by the CEO and/or current trustees. The induction is followed by an open Q&A session, where the new trustees can ask further questions if required.

Grant Making

The UK Charity Eco Brixs UK does not offer grants, but makes donations to the NGO entity, allowing the Ugandan organisation to develop its plastic recycling services and education programmes.

The UK Board authorises any payments made to the Ugandan NGO. This will take place after an agreement has been made between the Board and the CEO on how the funds will be spent.

The CEO, who is based in Uganda, is accountable for how the donated funds are spent, and reports back to the UK Trustees via email and monthly digital conference calls.

This process is outlined in the UK charity’s policy on monitoring expenditure abroad.

Finance Overview - 2025

Eco Brixs UK is in a positive financial position at the end of Year 6, with £523,494 fundraised and £27,786 held in the bank.

Of this bank balance, the unrestricted fund balance is £22,740.Based on this, the organisation has more funds than the minimum requirement of its reserves policy—an excess of £2,636.

The charity has generated an income of £523,494 in the current financial year.

The majority of income was generated through grants (£494,725), which represents 95% of the organisation’s income.

The reserves policy of the charity in Year 6 requires the organisation to hold a minimum balance of £20,104 in unrestricted funds, which is the equivalent of the charity’s costs for a period of 6 months.

Reserves Policy

The reserves policy of the charity in Year 6 requires the organisation to hold a minimum balance of £20,104 in unrestricted funds, which is the equivalent of the charity’s costs for a period of 6 months.

This policy is to ensure the longevity of Eco Brixs UK so that it can continue operations and the pursuit of its charitable objectives over the long term.

Risk

The trustees and staff of Eco Brixs UK conducted a detailed risk review in March 2025. This analysed the principal risks facing the charity, alongside solutions to manage those risks.

These risks are monitored and updated regularly as they are shared within Eco Brixs UK’s monthly management reports.

6

ECO BRIX UK

(Charitable Incorporated Organisation)

TRUSTEES REPORT Continued

FOR THE YEAR ENDED 30TH JUNE 2025

Trustees' Responsibilities

The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on : 24/04/26

Signed on their behalf by:

Name :

Anthony Topham

7

ECO BRIX UK

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the Trustees on my examination of the accounts of the above Charitable Incorporated Organisation ("the CIO") for the year ended 30 June 2025.

As the CIO's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Responsibilities and basis of report

I report in respect of my examination of Eco Brix UK accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since Eco Brix Uk's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am a fellow member of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed :

Date : 27.4.26

K Gomes FCIE MAAT Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South, Chichester PO20 7EG

8

ECO BRIX UK

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Charitable Activities
3b
Other trading Activities
3c
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Charitable Activities
4a
Raising Funds
4b
Trading Activates Costs
4c
Other
4d
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
TOTAL FUNDS CARRIED FORWARD 2025
Total Funds Brought Forward		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
17,032
485,011
502,043
278,854
12,528
-
12,528
9,550
8,923
-
8,923
2,418
38,483
485,011
523,494
290,822
22,058
468,714
490,772
261,718
20,865
18,808
39,673
12,653
2
1,140
1,142
658
519
-
519
537
43,444
488,662
532,106
275,566
(4,961)
(3,651)
(8,612)
15,256
27,204
4,148
31,352
16,096
22,243
497
22,740
31,352

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 11 to 15 form part of these financial statements.

9

ECO BRIX UK

(Charitable Incorporated Organisation) Registration Number 1184169

BALANCE SHEET

AS AT 30TH JUNE 2025

Note
Fixed Assets
Tangible Assets
2
Total Fixed Assets
Current Assets
Debtors & Prepayments
7
Cash at Bank and in Hand
6
Total Current Assets
8
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
9
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
5
Total Funds
Creditors:amounts falling
due in more than one year
Creditors: amounts falling due within one
year		 30-Jun-25
30-Jun-24
Total
Total
£
£
-
-
-
-
-
-
27,786
59,876
27,786
59,876
5,046
26,858
22,740
33,018
22,740
33,018
-
1,666
22,740
31,352
22,243
27,204
497
4,148
22,740
31,352

The financial statements were approved , authorised and signed on their behalf by:

Approved on :

23/04/26

Signed on their behalf by Trustee : Printed Name: Anthony Topham

10

ECO BRIX UK

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

11

ECO BRIX UK

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Grants without Performance Conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Grants with Restrictive conditions

There are grants the UK has received specifically for projects that the Eco Brix Uganda NGO #4042 is completing for them. They have received monies in advance, in order to give them the cashflow to do and start these projects. For our accounts we have included that transfer of the grant as expenditure, and even though the money has not yet been spent or project finalised, no other deferral has been made - so the grants payments are recognised in the SoFA at the point of transfer NOT after the recipient of the grant has provided the project. There is detailed information in the TAR about all the grants in and payments to Uganda to further understand the actual position of each payment made to them.

Where the above line applies and payments have already been made, even if conditions to grants received are not yet met they have not been deferred, as this would skew the balance of the SOFA as we have already passed the money on to do that project. There are controls in place to ensure Uganda meet the requirements and contracts to recuperate that back the money if ever necessary. There are good and open working relations between us to enable this. Therefore, if any of these such grants i.e. received for a project and transfer to Uganda to do that project, should have been deferred there would also be a debit raised for this side of the consideration, and so the net effect is all about the same. So as above, for proportionality we have not done either of these journals. The details in the TAR are to show this information openly in a narrative form.

Deferred Income

Please see the above comments on deferred income. We only deferred one grant where payments are received based on project outcomes not spending (and the grant body can claim back all unspent grant and so the balance as at 30/6/2024 was fully deferred). However, the Charity's employees continually review restricted income available for support costs, and ensure that these are used against such costs and we currently have no concerns that it will be needed to be paid back if all things remaining the same.

Support Costs

The Charity has incurred expenditure on support costs.

Unrestricted Funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted Funds

These funds are where the donor has specified a purpose for the donation made. These restrictions arise as a result of things like grant funding for specific purposes, donation appeals for specific capital works projects.

Designated Funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

2. TANGIBLE FIXED ASSETS

The charity do not hold any assets at this time.

12

ECO BRIX UK

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

3. INCOMING RESOURCES

Note
a) Donations & Legacies
Donations and Gifts
Gift Aid
Grants
b) Charitable Activities
Carbon Credit Sales
Education Programme
c) Other Trading Activates
Consultancy Service
Eco - Product Sales
Other
4.RESOURCES EXPENDED
Note
a) Charitable Activities
Donations to Eco Brix Uganda
Contributions Costs for Eco Brix Uganda
Licence
Website
Travel
Digital Monitoring
Staff & Consultancy
QuickBooks
Insurance
Bank charges
Examination Fee
Staff & Consultancy
b)Raising Funds
Donations
Grants
Fundraising Agents
Advertising,Marketing,Mail & Publicity
Staff & Consultancy		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
30-Jun-25
30-Jun-24
£
£
£
£
6,619
-
6,619
6,514
699
699
381
9,714
485,011
494,725
271,959
17,032
485,011
502,043
278,854
3,466
-
3,466
9,550
9,062
-
9,062
-
12,528
-
12,528
9,550
8,363
-
8,363
2,418
560
-
560
-
-
-
-
-
8,923
-
8,923
2,418
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
30-Jun-25
30-Jun-24
£
£
£
£
16,766
431,667
448,433
235,139
442
-
442
367
1,120
-
1,120
1,000
110
-
110
80
-
-
-
2,199
1,136
-
1,136
-
47
28,498
28,545
16,462
522
-
522
458
185
-
185
185
493
-
493
475
1,223
-
1,223
415
14
8,549
8,563
4,938
22,058
468,714
490,772
261,718
389
-
389
654
13
-
13
13
20,333
-
20,333
1,000
99
-
99
121
31
18,808
18,839
10,865
20,865
18,808
39,673
12,653

13

ECO BRIX UK

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

c)Trading Activates
Staff & Consultancy
d)Other
Loss/Gain Foreign Exchange
5. RESTRICTED FUNDS		 Note Unrestricted
Funds
£		 Restricted
TOTAL
TOTAL
Funds
30-Jun-25
30-Jun-24
£
£
£
2 1,140
1,142
658
519 -
519
537
Balance Balance
01-Jul-24
£		 Income
£		 Expenditure
Transfers
30-Jun-25
£
£
£
Eekhorst Foundation (Restricted)
Tearfund UK
BigGive
CFYE
Transpetrol Foundation
Addax and Oryx Foundation
Hilden Charitable Fund
Shears Foundation
Tearfund Netherlands
Mac Bevan Charitable Trust
Allan & Nesta Ferguson Charitable Trust		 2,696
-
-
-
-
-
-
-
-
-
1,452		 15,464
6,000
9,937
351,844
10,980
15,597
5,000
5,750
54,439
10,000
-		 18,160
-
-
6,000
-
-
9,937
-
-
351,844
-
-
10,980
-
-
15,597
-
-
5,000
-
-
5,750
-
-
54,439
-
-
9,503
-
497
1,452
-
-
Total Restricted Funds 2025 4,148 485,011 488,662
-
497
Total
Total
30-Jun-25
30-Jun-24
£
£
27,786
59,876
27,786
59,876
Total
Total
30-Jun-25
30-Jun-24
£
£
-
14,675
2,365
641
2,681
3,208
-
8,334
5,046
26,858
6. CASH AT BANK AND IN HAND
Cash at Bank & in Hand
7. DEBTORS AND PREPAYMENTS
The CIO held no Debtors (2024 Nil)
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals / Deferred Income
Taxation /NI
HMRC /Pension
GivFunds Impact Loan

9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The CIO held no long term liabilities during this financial period (2024 £1666).

14

ECO BRIX UK

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 30TH JUNE 2025

10. STAFF COSTS AND NUMBERS
Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions
Other Employee Benefits		 Total
Total
30-Jun-25
30-Jun-24
£
£
53,004
31,358
-
-
1,622
941
2,464
2,766
57,090
35,065

No employees received emoluments in excess £60,000

11. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

12. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.

15