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2025-07-31-accounts

REGISTERED COMPANY NUMBER: 02715974 (England and Wales) REGISTERED CHARITY NUMBER: 1015084

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 FOR

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA61 2BP

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Page
Reference and Administrative Details 1
Reportofthe Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 12
DetailedStatementofFinancialActivities 13

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025

TRUSTEES

M Bond E Vaughan S Wilson-Croft A Fraser M Haughton P Roberts K Wilkins Mrs E Bearne Mrs T Morgan M Thomas A Nicholson J Thomas

COMPANY SECRETARY

Mrs NL Grieves

REGISTERED OFFICE WI House 90 Prendergast Haverfordwest Pembrokeshire SA61 2PP

REGISTERED COMPANY NUMBER 02715974 (England and Wales) REGISTERED CHARITY NUMBER _ 1015084

INDEPENDENT EXAMINER Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA61 2BP

Page 1

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The trustees present their report with the accounts of the Federation for the year ended 31 July 2025.

OBJECTIVES AND ACTIVITIES

Objectives and activities

The company was established to provide an organisation with the object of enabling countrywomen to take an effective part in the improvement and development of the condition of rural life and to make provisions to advance their education and citizenship, in public questions both national and international, in music, drama and other cultural subjects and also to secure instruction and training for them in all branches of agriculture, handicrafts, home economics, health and social welfare. It exists to give all women the opportunity of working together through the Women's Institute Organisation, and of putting into practice those ideals for which it stands.

Public benefit

The trustees have considered the Charity Commissions guidance on public benefit, including the guidance on fee charging. The Institute relies on the income from fees and sales to cover its operating costs. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accessibility of membership for those on low incomes.

ACHIEVEMENTS AND PERFORMANCE

Achievements and performance

During the financial year, the Pembrokeshire Federation of Women's Institutes (PFWI) organised and participated in a range of activities designed to further its charitable objectives of advancing education, promoting friendship, and supporting community involvement among women throughout Pembrokeshire.

The Federation's programme of events included:

These events provided educational and recreational opportunities for members, encouraged participation in community life, and supported the objectives of the National Federation of Women's Institutes. All activities were carried out in accordance with the charitable aims of the Federation and within the framework of its governing documents

FINANCIAL REVIEW

Financial review

The results of the financial year are shown in the statement of financial activities on page 5.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Federation is a company limited by guarantee (incorporated 19th May 1992), and is governed by its memorandum and articles of association.

Page 2

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PEMBROKESHIRE FEDERATION.OF WOMEN'S
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INSTITUTES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The Federation Is totally dependent on the services of unpaid. volunteers. The Board of Trustees consists of 12 members, with 28 members sitting on Committees. The Board of Trustees are elected at the Annual General Meeting. These members plan the Federation Programme for the entire Federation Membership, Volunteer Trustee Committee members run the Federation office. on two days per week. Many of the members steward day schools, meetings and other events to help In the successful running of such; this is done on 2 voluntary basis.

Affiliation

The Federation is affiliated to the National Federation of Women's Institute as are the local institutes.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, and In particular those related to its operations and finances, and are satisfied that systems are In place to mitigate exposure to the major risks. Approved by order of the board of trustees on... Lats.(Zp. 22 and Signed on its behalf by:

Lowe L Kids... A Fraser - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

Independent examiner's report to the trustees of Pembrokeshire Federation Of Women's Institutes (‘the Company’)

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025.

Responsibilities and basis of report

As the charity's trustees of the Company {and also its directors for the purposes of company law) you are responsible for the-preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act).

Having Satisfied myself that the accounts of the-Company are not required to be audited under Part 16 of the 2006 Act and aré eligible for independent examination, | report in respect of my examination of your charity's accounts as carled out under Section 145 of the Charities Act 2011 (the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement | have completed my examination. | examination giving me cause to believe:

| have no concems and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached.

bin Bueltland LLP

Alun Evans FCA

Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pambrokeshire SA61 2BP

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Date: [tM] Ul. Deus282s
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Page.4

.

PEMBROKESHIRE FEDERATION OF WOMEN’S INSTITUTES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 34 JULY 2025

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||||||| |---|---|---|---|---|---| |Unrestricted|2025|2024| |fund|Restricted|Total|Total| |Notes|fund|funds|funds| |INCOME AND ENDOWMENTS FROM|£|£|£|£| |Incoming resources|52,618|500|53,118|62,757| |Investment income|2|1,020|-|1,020|1,129| |Total|53,638|500|64,138|63,886| |EXPENDITURE ON| |Charitable|activities| |Direct charitable expenditure|47,344|-|47,311|61,727| |Governance costs|2,261|-|2,261|1,648| |Total|49,572|-|49,572|63,376| |NET INCOME|4,066|500|4,566|510| |RECONCILIATION OF FUNDS| |Total funds|brought forward|107,783|-|107,783|107,273| |TOTAL FUNDS CARRIED FORWARD|111,849|500|112,349|107,783|

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The notes form part of these financial statements

Page 5:

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PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES
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STATEMENT OF FINANCIAL POSITION 31 JULY 2025

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2025 2024
Unrestricted Restricted Total Total
Notes fund£ fund£ funds£ funds£
FIXED ASSETS
Tangible assets 7 60,750 - 60,750 62,727
CURRENT ASSETS
Stocks 8 700 - 700 30
Debtors 9 801 - 801 786
Cash at bank and in hand 53,286 500 53,786 45,490
54,787 500 §5,287 46,306
CREDITORS
Amounts falling due within one year 10 (3,688) - (3,688) (1,250)
NET CURRENT ASSETS 51,099 500 51,599 45,056
TOTAL ASSETS LESS CURRENT LIABILITIES 111,849 500 112,349 107,783
NET ASSETS 111,849 500 112,349 107,783
FUNDS 11
Unrestricted funds 111,849 197,783
Restricted funds 500 7
TOTAL FUNDS FUNDS 412,349 107,783
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TOTAL FUNDS FUNDS

The charitable company Is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025,

The members have not required the company to obtain an audit of its financial statemenis for the year ended 31 July 2025 In accordance with Section 476 of tha Campanias Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The, financlal statements were approved by the Board of Trustees and authorised for issue on weds eecie dissec cndueenes and ware signed on its behalf by: A Fraser - Trustee

The notes form part of these financial statements

Paga 6

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

  1. ACCOUNTING POLICIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds it is probable that the income will be received and the amount can be measured reliably. Income from grants whether ‘capital’ or 'revenue’ grants, are recognised when the charity is entitled to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Donations income includes donations and gifts that provide core funding or are of a general nature and are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank. Other investment income is recognised once it has been received. When income has related expenditure (as with fundraising) the income and the related expenditure are reported gross in the Statement of Financial Activities.

It is not a policy of the charity to show income net of expenditure.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 2% oncost Improvements to property - 2% oncost Fixtures and fittings - 10% reducing balance Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities.

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.

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

Page 7

continued...

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

.

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

ACCOUNTING POLICIES - continued

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees have made this assessment based on reviewing financial budgets and forecasts for a period of 12 months from the date of the approval of these financial statements. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial instruments

The charity only has financial assets and financial liabilities or a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction and subsequently measured at their settlement value.

Debtors, with no stated interest rate and receivable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Prepayments are valued at the amount prepaid net of any trade discounts.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

INVESTMENT INCOME

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Deposit account|interest|1,020|1,129| |NET INCOME/(EXPENDITURE)| |Net|income/(expenditure)|is|stated|after charging/(crediting):| |2025|2024| |£|£| |Depreciation|- owned|assets|1,977|1,407| |Independent examiners|fee|1,600|1,600|

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4, TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees' expenses

During the year the charity has paid mileage and other expenses to 5 of the members who served on the Board of Trustees totalling £775 (2024 - £1,137).

STAFF COSTS

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Gross|salaries,|national|insurance|and|tax|7,932|7,675| |7,932|7,675| |The|average|monthly number of employees|during|the|year was|as|follows:|

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Administrator

2025 2024 1 1

Page 8

continued...

PEMBROKESHIRE FEDERATION OF WOMEN'S

INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

5. STAFF COSTS - continued

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Incoming resources 62,757
Investment income 1,129
Total 63,886
EXPENDITURE ON
Charitable activities
Direct charitable expenditure 61,727
Governance costs 1,649
Total 63,376
NETINCOME 510
RECONCILIATION OF FUNDS
Total funds broughtforward 107,273
TOTAL FUNDS CARRIED FORWARD 107,783
7. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£ £ £ £
COST
At 1 August 2024 and 31 July2025 52,701 43,760 15,015 111,476
DEPRECIATION
At 1 August2024
Charge foryear
22,337
1,054
11,872
875
14,540
48
48,749
1,977
At 31 July2025 23,391 12,747 14,588 50,726
NET BOOK VALUE
At 31 July2025 29,310 31,013 427 60,750
At31July2024 30,364 31,888 475 62,727
  1. TANGIBLE FIXED ASSETS

Page 9

continued...

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

8. STOCKS
2025 2024
£ £
Stocks 700 30
9. DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR
2025 2024
£ £
Prepayments 801 786
10. CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR 2025 2024
£ £
Accruals and deferred income 3,688 1,250
11. MOVEMENT IN FUNDS
Net
movement At
At 1.8.24 in funds 31.7.25
£ £ £
Unrestricted funds
General fund 107,783 4,066 111,849
Restricted funds
Restricted fund - 500 500
TOTAL FUNDS 107,783 4,566 112,349
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 53,638 (49,572) 4,066
Restricted funds
Restricted fund 500 - 500
TOTAL FUNDS 54,138 (49,572) 4,566
Comparatives formovement in funds
Net
movement At
At 1.8.23 in funds 31.7.24
£ £ £
Unrestricted funds
General fund 107,273 510 107,783
TOTALFUNDS 107,273 510 107,783

Page 10

continued...

PEMBROKESHIRE FEDERATION OF WOMEN'S

INSTITUTES

  1. MOVEMENT IN FUNDS - continued

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 63,886 (63,376) 510
TOTAL FUNDS 63,886 (63,376) 510
Acurrent year 12 months and prioryear12 months combined position is as follows:
Net
At 1.8.23 movement
in funds
At
31.7.25
£ £ £
Unrestricted funds
General fund 107,273 4,576 111,849
Restricted funds
Restricted fund - 500 500
TOTALFUNDS 107,273 5,076 112,349
A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are
as follows:
A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are
as follows:
A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are
as follows:
A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are
as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 117,524 (112,948) 4,576
Restricted funds
Restricted fund 500 - 500
TOTALFUNDS 118,024 (112,948) 5,076

Restricted funds During the year, the charity received £500 from the Waterloo Foundation towards the campaign Not In My Name. This is a campaign to end violence against women. This grant had not been spent at the end of the financial period.

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31 July 2025 (2024- nil).

Page 11

continued...

PEMBROKESHIRE FEDERATION OF WOMEN’S INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2025.

14. MEMBERS GUARANTEE

The company is limited by guarantee and in the event of the winding up of the company the liability of each member will not exceed £1.

15. INCORPORATION

The company is incorporated under the Companies Act 2006 and registered in England and Wales. It is also registered with the Charity Commission.

Page 12

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

2025 2024
£ £
INCOME AND ENDOWMENTS
Incoming resources
Charitable activities 52,618 62,757
Grants 500 -
53,118 62,757
Investment income
Deposit account interest 1,020 1,129
Total incoming resources 54,138 63,886
EXPENDITURE
Charitable activities
Sundries 47,311 61,727
Support costs
Management
Governance costs 2,261 1,649
Total resources expended 49,572 63,376
Netincome 4,566 510

This page does not form part of the statutory financial statements

Page 13

PEMBROKESHIRE FEDERATION OF WOMEN'S INSTITUTES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

Unrestricted Restricted Total Total
incoming Resources funds funds 2025 2024
£ £ £ £
PFWI ACTIVITIES
Council Meetings 1,956 - 1,956 2,332
Fundraising 5,943 - §,943 6,067
Independent Financial Examination Scheme 300 - 300 330
Events 738 - 738 -
COMMITTEES & MISC GROUPS
Home Crafts Committee 2,548 - 2,548 2,619
Sports & Leisure Committee 9,110 - 9,110 4,189
Community& EnvironmentCommittee 378 - 378 311
Membership Committee 1,500 - 1,500 920
NFWI
Grants
Conferences
Fundraising
-
899
846
500
-
-
500
899
846
-
13,874
868
ACWW INSTITUTES
Coins ofFriendship - - - 30
Subscriptions
Suspensions
Insurance
23,302
227
1,338
-
-
-
23,302
227
1,338
26,470
-
889
PFWI MANAGEMENT & PREMISES
Office Resources 1,838 - 1,838 2,973
Investment Income 30 - 30 48
Electricity 935 - 935 -
CHARITIESACCOUNT INTEREST 1,020 - 1,020 1,081
MISC 730 - 730 885
Total Incoming Resources 53,638 500 54,138 63,886
Resources Expended
PFWI ACTIVITIES
Council Meetings 962 - 962 575
Fundraising 2,836 - 2,836 4,817
Board Expenses - General 394 - 394 -
Board Expenses - Courses & Conferences - - - 892
Events - - - 222
COMMITTEES & MISC GROUPS
Home Crafts Committee 1,406 - 1,406 1,658
Sports & Leisure Committee 7,475 - 7,475 4,023
Community & Environment Committee 92 - 92 110
Membership Committee 1,161 - 1,161 1,291
NFWI
Conferences 590 - 590 12,904
Fundraising 146 - 146 575
ACWW INSTITUTES
Coins ofFriendship - - - 30
Subscriptions 12,519 - 12,519 12,601
PFWI MANAGEMENT & PREMISES
IT& Publicity 585 - 585 271
WI House 6057 - 6,057 7,280
Staffing 7,933 - 7,933 7,675
Payroll Bureau 390 - 390 335
Office Resources 2,708 - 2,708 3,340
Depreciation 1,977 - 1,977 1,407
MISC 80 - 80 1,721
47,311 - 47,311 61,727
Governance Costs
Independent Financial Examination Scheme 172 - 172 165
Independent Examiner's Remuneration 1,904 - 1,904 1,484
Compliance expenses 185 - 185 -
2,261 - 2,261 1,649
Total Resources Expended 49,572 - 49,572 63,376
Net(Outgoing)/incoming Resources 4,066 500 4,566 510
Total Funds Brought Forward 107,783 - 107,783 107,273
TotalFundsCarriedForward 111,849 500 112,349 107,783

Page - 14

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