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Notes to the accounts9. Related party transactionsThe Manager’s periodic charge and fee for governance services are paid to the Manager, arelated party to the <strong>Fund</strong>. The amounts paid to the Manager are disclosed in note 2. Therewere no outstanding balances due to the Manager at 31 December 2011 (31.12.2010, £nil).There were no other transactions entered into with the Manager during the period.10. Board remunerationThe Board members receive no remuneration from <strong>COIF</strong> Charity <strong>Fund</strong>s. Mr R Fitzalan Howardis a Director of the Manager and received remuneration from the Manager, which is disclosedin that Company's accounts.17