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(1)As soon as possible after the end of every financial year, each body that in that year was paid any money under section 24 or distributed or applied any money under section 25 shall make a report to the Secretary of State on the exercise during that year of its functions under this Act.
(2)The report shall set out any directions given to the body under section 26 that had effect during the financial year to which the report relates.
(3)The Secretary of State shall lay a copy of every report received by him under this section before Parliament.
(4)This section does not apply to the Millennium Commission.
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