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2025-12-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025

THE PUBLIC PURPOSES CHARITY

CHARITY REGISTRATION No: 266718

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

THE PUBLIC PURPOSES CHARITY

CONTENTS

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Page
Legal and Administrative Information 3
Trustees' Report 4 to 6
Independent Examiner's Report on the Accounts 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 14
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2

THE PUBLIC PURPOSES CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 266718 START OF FINANCIAL YEAR 1st January 2025 END OF FINANCIAL YEAR 31st December 2025 TRUSTEES SERVING DURING THE YEAR ENDED 31ST Dr Roger Griffin (Chair of Trustees) DECEMBER 2025 Micheal Penman (Clerk Correspondent) Felipe Vizoso (Treasurer) Caryl Oliver Sally Barnes (Resigned 10.03.2025) Anthony Gunby Dan Ames (Appointed 30.04.2025) Pam Banfield-Coombs (Appointed 30.04.2025) Heidi Crook (Appointed 30.04.2025) Ian Holford (Appointed 30.04.2025) Michael Dixon (Resigned 15.01.2025) Julia Grinsted (Resigned 9.09.2025) The Hon Geoffrey Somerset (Resigned 9.09.2025)

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING DOCUMENT Scheme of 21st August 1997 as amended 9 September 1999 and 26 January 2006. As amended On 16 Apr 2020. OBJECTS THE GENERAL BENEFIT OF THE INHABITANTS OF THE PARISH OF STANDFORD IN THE VALE IN SUCH WAYS AS THE TRUSTEE THINKS FIT. REGISTERED ADDRESS Mill Farm Farigndon Road Standford in the Vale SN7 8NP

BANKERS Lloyds Bank PLC Blackheath London 15 Blackheath Village London SE3 9LH INDEPENDENT EXAMINER Lomax Pavey Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

3

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2025

ended 31 December 2025.

The statements have been prepared on a receipts and payment basis. The accounts comply with the Stanford in the Vale Public Purposes Charity Scheme and the Charities Act 2022.

Mission Statement

The Public Purposes Charity, in the Parish of Stanford in the Vale, in the County of Oxford, is regulated by a Scheme of the Charity Commission dated 21 August 1997 as amended on 9 September 1999 and 26 January 2006. As amended on 16 April 2020.

PPC Trust Scheme Statement

The PPC is pleased to take a pro-ac/ve role and to make a tangible contribu/on to the fabric of Stanford in the Vale on behalf of the residents and friends of the Village.

Trustee engagement

There were 4 ordinary and one extraordinary mee/ngs during the year, each of them was a face-to-face mee/ng.

Four trustees leb the charity during the year.

Trustees are not paid for their service but reasonable out of pocket expenses are covered when represen/ng the PPC.

Grant AcEvity

The PPC has con/nued to encourage grant applica/ons from organisa/ons within the village. The number of grant applica/ons on which funds were paid during the year was the same as the previous year but the total payments that were made increased marginally.

During the 2025 grants were paid to the following organistaons / projects:

Benefciary Payment Date
Purpose
Amount
Parish Newsletter Stanford Monthly Delivered Free to All Village Addresses £2,899
Netball Club Jan 25 Club Kit £322
Village Hall Feb - May 25 Solar Panels and Storage BaYeries £30,838
“Bleed Kits” May 25 Emergency First-Aid Kit Located at Defbrillator Sites £825
St Denys’ Church Aug 25 Bell Repair £1,131
Handbell Ringers Jun 25 Func/on Support £156
St Deny’s Church Fes/val Jun 25 Contribu/on To Fes/val Costs £1,500
Pre-School Sep 25 Replacement Shed and Garden Improvements £2,350
Primary School Stanford Oct 25 Classroom Display Screens £5,005
Stanford Social Club Oct 25 Furniture Restora/on £5908
TOTAL: £50,934

The Allotments

The PPC continues to maintain the fabric and surrounds of its allotment sites, provide water and to provide pubic liability insurance to cover its allotment users. Trustees have noticed the ongoing interest in the use of the allotments.

Financial Review

During the year the market value of the charity’s investments decreased by £54,164 while the income from investment dividends and interest was £33,170 compared to £34,212, in the previous year and £36,370 in the year before that. The increase in grant payments led to a reduction in the surplus of income over expenditure that had developed in previous years. This trend will coninue in the coming year.

4

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2025

Financial Review (conEnued)

Throughout the year the Trustees adopted a pro-active approach to deliver more support to the parish. The underlying investments which generate the dividend income used by the PPC are managed on the charity’s behalf by CCLA Investment Management Ltd. Throughout the year, the performance of the investments was, again subdued. Advetising and allotment revenue remained consistent with 2024.

Reserves

Looking Ahead

The PPC website, www.ppcstanford.org, con/nues to hold informa/on about the PPC and the projects it supports as well as grant applica/on guidelines and forms; allotment applica/on forms and rules. Contact details for trustees are shown.

where it can.

Administra:on and Governance

Trustees at 31 December 2025

There should not be less than 7 or more than 12 trustees. At the year-end there were 10, as listed on page 3.

Investment Adviser

CCLA Investment Management Ltd.

Solicitors

Field, Seymour Parkes The Old Coroner's Court No. 1 London Street PO Box 17 4 Reading Berkshire RG1 4QW

Clerk/Correspondent

Mr Michael Penman, Stanford Mill, Faringdon Road, Stanford in the Vale SN7 8NP

Risk Assessment

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditons.

Reserves Policy

The trustees have considered the level of reserves they wish to retain, and consider them to be appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The trustees aim to ensure that the charity will be able to fulfil its charitable objec/ves even if there is a temporary shorlall of income or sudden unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

The charity acknowledges the requirement to demonstrate clearly that it has charitable purposes or “aims” that are for the public benefit. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what ac/vi/es the charity should undertake.

5

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires that the Trustees prepare statements for each year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing these financial statements, the Trustees should follow best practice and are required to;

Select suitable policies and then apply them consistently;

Make judgements and es/mates that are reasonable and prudent;

Prepare statements on an ongoing concern basis unless it is inappropriate to presume that the charity will continue in business;

State whether applicable accoun/ng standards and statements of recommended prac/ce have been followed, subject to any material departures disclosed and explained in the financial statements.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregulari/es and provide reasonable assurance that:

The charity is opera/ng and ;

All assets are safeguarded against unauthorised use or disposi/on and are properly applied;

Proper records are maintained and that information used within the charity or for publication is reliable;

The charity complies with the relevant laws and regulations.

The systems of internal control are designed to provide reasonable but not absolute assurance against the material misstatement or loss.

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1 June 2026
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Approved by the trustees on the: ……………………………………………………………………………………………………………………………………

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AF Vizoso
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Signed on their behalf by: ……………………………………………………………………………………………………………………………………………

Signature:

THE PUBLIC PURPOSES CHARITY

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees/members of The Public Purposes Charity on my examination of the accounts for the year ended 31st December 2025 set out on pages 8 to 14.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

................................................................................................ Lomax Pavey Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

18th June 2026

7

THE PUBLIC PURPOSES CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025

Notes
INCOME
Investment Income
3a
Income from Charitable Activities
3b
TOTAL INCOME
EXPENDITURE
Charitable activities
4
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES)
Realised gains/Sale of COIF investments
Unrealised gains/losses
7
NET INCOME/(EXPENDITURE)
Funds brought forward
Transfers between funds
TOTAL FUNDS CARRIED FORWARD
Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
33,561
-
-
33,561
34,212
1,249
-
-
1,249
1,302
34,810
-
-
34,810
35,514
55,476
-
55,476
52,074
55,476
-
55,476
52,074
(20,666)
-
-
(20,666)
(16,560)
-
-
-
-
-
(17,711)
-
(27,624)
(45,335)
25,947
(38,377)
-
(27,624)
(66,001)
9,387
555,775
-
577,089
1,132,864
1,123,476
-
-
-
-
-
517,398
-
549,465
1,066,863
1,132,864

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 10 to 14 form part of these financial statements.

8

THE PUBLIC PURPOSES CHARITY

BALANCE SHEET AS AT 31ST DECEMBER 2025

Note
Fixed assets
Tangible assets
2
Investments
7
Total Fixed Assets
Current assets
Debtors and Prepayments
10
Cash at bank and in Hand
9
Investment Deposit Cash Account
8
Total current assets
Creditors:amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors:amounts falling due in more than one year
12
NET ASSETS
Funds of the charity
General funds
Restricted funds
5
Endowment funds
6
TOTAL FUNDS
Unrestricted
Restricted
Endowment
31-Dec-25
31-Dec-24
Funds
Funds
Funds
Total
Total
£
£
£
£
£
1,001
-
-
1,001
1,001
436,036
-
549,465
985,501
1,030,837
437,037
-
549,465
986,502
1,031,837
-
-
-
-
-
6,733
-
-
6,733
18,569
74,347
-
-
74,347
83,177
81,080
-
-
81,080
101,746
720
-
-
720
720
80,360
-
-
80,360
101,026
517,398
-
549,465
1,066,863
1,132,864
-
-
-
-
-
517,398
-
549,465
1,066,863
1,132,864
517,398
-
-
517,398
555,775
-
-
-
-
-
-
-
549,465
549,465
577,089
517,398
-
549,465
1,066,863
1,132,864

TRUSTEES RESPONSIBILITIES IN RELATION TO THE ACCOUNTS

Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets and Liabilities which are set out on pages 8 and 9.

16 June 2026

Approved by the Trustees on the .....................................................................................................................................................................................................

AF VIZOSO

Signed on their behalf by ..................................................................................................................................................................................................................

Signature:

9

THE PUBLIC PURPOSES CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) 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.

INCOME

Recognition of Income

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

the charity becomes entitled to the resources;

the trustees believe it is probable they will receive the resources; and

the monetary value can be measured with sufficient reliability

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

EXPENDITURE AND LIABILITIES

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds are funds held as permanent endowment which cannot be spent without the authority of the Charity Commission.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

ASSETS

Tangible fixed assets policy

These are capitalised if they can be used for more than one year, and cost at least £1000.

The depreciation rates and methods used are disclosed in note 2.

10

THE PUBLIC PURPOSES CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

1. ACCOUNTING POLICIES (continued)

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Current Asset Investments

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

2. TANGIBLE FIXED ASSETS

Cost
01-Jan-24
Adjustments
Cost at
31-Dec-24
Depreciation
01-Jan-24
Charge
Depreciation at
31-Dec-24
Net Book Value
31-Dec-24
Net Book Value
31-Dec-23
£
1,001
-
1,001
-
-
-
1,001
1,001
Land &
Building
Total
2025
£
1,001
-
1,001
-
-
-
1,001
1,001

Church buildings have been depreciated previously, but the trustees consider that having regard to the ongoing maintenance of the property (the costs of which are charged to the SOFA) it is not appropriate to depreciate the cost of church buildings. Land is not depreciated.

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31-Dec-25
None
31-Dec-24
None
3. INCOME
Note
a) Investment and Other Income
Investment portfolio dividends
Bank Interest
Other Income
b) Income from Charitable Activities
Allotments income
Newsletter advertisements income
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2025
2024
£
£
£
£
£
30,220
-
-
30,220
34,212
2,950
-
-
2,950
-
391
-
-
391
-
33,561
-
-
33,561
34,212
913
-
-
913
826
336
-
-
336
476
1,249
-
-
1,249
1,302

11

THE PUBLIC PURPOSES CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

4. EXPENDITURE

Note
a) Charitable Activities
Insurance Costs
Allotment Expense
Village and Community Grants
Meeting Expenses
Postage and Stationary
Website Costs
Independent Examiner's Fee
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2025
2024
£
£
£
£
£
808
-
-
808
710
2,251
-
-
2,251
1,605
50,935
-
-
50,935
48,335
273
-
-
273
164
439
-
-
439
440
50
-
-
50
100
720
-
-
720
720
55,476
-
-
55,476
52,074

5. RESTRICTED FUNDS

The Charity held no Restricted Funds during this or the previous financial period.

6. ENDOWMENT FUNDS

CURRENT FINANCIAL YEAR

Permanent Endowment Fund
PREVIOUS FINANCIAL YEAR
Permanent Endowment Fund
Balance
Unrealised
01-Jan-25
Income
Expenditure
Gain/Loss
Transfer
31-Dec-25
£
£
£
£
£
£
577,089 - - (27,624)
- 549,465
577,089-- (27,624)
- 549,465
Balance
Unrealised
01-Jan-24
Income
Expenditure
Gain/Loss
Transfer
31-Dec-24
£
£
£
£
£
£
564,340 - - 12,749 - 577,089
564,340 - - 12,749 - 577,089

CCLA account No CO3072538-001 is titled “Permanent Endowment Account” and holds the PPC’s endowment funds which cannot be spent without the authority of the Charity Commission.

12

THE PUBLIC PURPOSES CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

7. INVESTMENTS

Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
01-Jan-25
453,747
-
577,089
1,030,836
1,004,889
Additions
-
-
-
-
-
Investment Assets - Revaluation Gain/(Loss)
(17,711)
-
(27,624)
(45,335)
25,947
31-Dec-25
436,036
-
549,465
985,501
1,030,836
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:-
31-Dec-25
31-Dec-24
£
£
Investments
985,501
1,030,836
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-25
£
£
£
£
COIF Charities Deposit Fund
74,347
-
-
74,347
83,177
74,347
-
-
74,347
83,177
9. CASH AT BANK AND IN HAND
Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Funds
31-Dec-25
31-Dec-24
£
£
£
£
Current Account
6,733
-
-
6,733
18,569
6,733
-
-
6,733
18,569
Market value as at
8. CURRENT ASSETS INVESTMENTS
Market value as at
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
01-Jan-25
453,747
-
577,089
1,030,836
1,004,889
Additions
-
-
-
-
-
Investment Assets - Revaluation Gain/(Loss)
(17,711)
-
(27,624)
(45,335)
25,947
31-Dec-25
436,036
-
549,465
985,501
1,030,836
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:-
31-Dec-25
31-Dec-24
£
£
Investments
985,501
1,030,836
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-25
£
£
£
£
COIF Charities Deposit Fund
74,347
-
-
74,347
83,177
74,347
-
-
74,347
83,177
9. CASH AT BANK AND IN HAND
Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Funds
31-Dec-25
31-Dec-24
£
£
£
£
Current Account
6,733
-
-
6,733
18,569
6,733
-
-
6,733
18,569
Market value as at
8. CURRENT ASSETS INVESTMENTS
Market value as at
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
01-Jan-25
453,747
-
577,089
1,030,836
1,004,889
Additions
-
-
-
-
-
Investment Assets - Revaluation Gain/(Loss)
(17,711)
-
(27,624)
(45,335)
25,947
31-Dec-25
436,036
-
549,465
985,501
1,030,836
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:-
31-Dec-25
31-Dec-24
£
£
Investments
985,501
1,030,836
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-25
£
£
£
£
COIF Charities Deposit Fund
74,347
-
-
74,347
83,177
74,347
-
-
74,347
83,177
9. CASH AT BANK AND IN HAND
Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Funds
31-Dec-25
31-Dec-24
£
£
£
£
Current Account
6,733
-
-
6,733
18,569
6,733
-
-
6,733
18,569
Market value as at
8. CURRENT ASSETS INVESTMENTS
Market value as at
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
74,347
-
-
31-Dec-25
31-Dec-24
£
£
985,501
1,030,836
Total
Total
31-Dec-25
31-Dec-25
£
£

74,347
83,177
74,347
-
-
74,347
83,177
Unrestricted
Restricted
Endowment
Fund
Fund
Funds
£
£
6,733
-
-
Total
Total
31-Dec-25
31-Dec-24
£
£

6,733
18,569
6,733
-
-
6,733
18,569

13

THE PUBLIC PURPOSES CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

10. DEBTORS AND PREPAYMENTS

The Charity held no Debtors during this or the previous financial period.

11. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiners Fee Unrestricted
Restricted
Endowment
Total
Total
Fund
Fund
Funds
31-Dec-25
31-Dec-24
£
£
£
£
720
-
-
720
720
720
-
-
720
720

12. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

There were no Creditors or Accruals falling due in more than one year at the end of this financial year (2024: £Nil).

13. STAFF COSTS AND NUMBERS

No staff were employed during this or the previous financial period.

14. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to Trustees or any persons connected with them during this financial period, other than reimbursement for items bought on behalf of the Church. No material transaction took place between the organisation and a trustee or any person connected with them.

14