To: Simon Tinsley, Executive Director, Stoney Grove Trust
From: Philip Porkridge, Chief Accountant, Stoney Grove Trust

The accounts for the calendar year 2000 are now up-to-date prior to the ending of the fiscal year in April and subsequent need for tax filing. Pursuant to said filing there are some expenditure items that will need review vis-ŕ-vis allowable tax deductible expenses. Items such as ‘Entertaining 437 pounds’ tend to be a bit of a red flag to the Inland Revenue Service, so we may have to make some adjustments.

If your schedule permits I should like to meet with you later this afternoon to discuss the aforementioned items.


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