s 545 Section 543(1)(f): meaning of expenditure
(1) For the purposes of section 543(1)(f) “ expenditure ” includes expenditure of a capital nature. (2) None of the following is “expenditure” for those purposes— (a) the investment of any of the charitable trust's funds, (b) the making of a loan by the charitable trust, or (c) the repayment by the charitable trust of the whole or a part of a loan made to it.