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2021-03-31-accounts

WEST WALES RIVERS TRUST

: West Wales Rivers Trust Ymddiriedolaeth Atonydd Gorllewin Cymru

—- caring for rivers, lakes and wetlands

Registered Charity Number: 1105663 Company Number: 04668878

Trustees Annual Report & Financial Statements for the Year Ended 31% March 2021 |

1

WEST WALES RIVERS TRUST

|

. Contents
Page no:
1. Legal and administrative information 3
2. Structure, governanceand management 3-5
3. Objects and activities 5-6
- 4, Financial review 6-9
,
5. Independent examiners report 10
6. Statementoffinancial activities 11
7. Balance sheet 12
8. Notes to the financial statements foryear ending
318tMarch2021 13-17

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WEST WALES RIVERS TRUST

1. LEGAL AND ADMINISTRATIVE INFORMATION

Trust Chairman

Mr C Roberts

Correspondence Address

C/o Natural Resources Wales Llys Afon, Hawthorn Rise Haverfordwest Pembrokeshire SA61 2BQ Tel: 01437 766669 Email: admin@westwalesriverstrust.org

Trust Secretary

K M Dearing

Banker

HSBC 41 High Street Haverfordwest Pembrokeshire SA61 2BN

Contact: Mrs Helen Jobson

Accountant:

Pritchard and Co. Chartered Certified Accountants Ffynnonddofn / 74 High Street Fishguard Pembrokeshire SA65 9AU

Registered Office

Pritchard and Co. Chartered Certified Accountants Ffynnonddofn 74 High Street Fishguard Pembrokeshire SA65 9AU

2. STRUCTURE, GOVERNANCE AND MANAGEMENT

The Annual Report of the West Wales Rivers Trust and the Financial Statements have been prepared in accordance with the requirements of the ‘Statement of Recommended Practice’, and ‘Accounting and Reporting by Charities’ (revised 2005).

2.1. Governing Documents

The West Wales Rivers Trust is governed by its Memorandum and Articles of Association as incorporated under the Companies Act 1985 on the 18th February 2003 and amended on the 24 January 2017.

. :

2.2 Trustees

The Trustees are as follows:

Mr Clive Roberts (Chairman) Dr Kay Dearing (Secretary) Dr lan Thomas Mr Andrew Thomas Mr Huw Jones

Dr Roger Burns Mr John Morris Mr Chris Stretton Mr Edward Evans

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WEST WALES RIVERS TRUST

At each AGM, one third of the trustees who are subject to retirement by rotation will be required to retire from office, but can again stand for re-election. Subject to the Articles, it is intended that trustees will be selected generally by word of mouth, based on a skills audit carried out by the remaining trustees to secure the balanced expertise required for the efficient delivery of the Trust objectives. In addition to the Trustees, the Trust was administered and supported in 2020/2021 by Helen Jobson (WWRT Senior Executive Officer). At the start of the year Kathy James was still in post in her role as Trust Development Officer, however, she left the trust at the end of April 2020 to persue other opportunities. leuan Davies was still in post in his role as West Wales Rivers Project Officer at the beginning of the year, but he also left his employment with the trust in April 2020 to take up a job with NRW. Harriet Alvis commenced the year as Project Officer with the Trust but progressed to the position of Project Manager as she took on responsibility for overseeing a number of projects and funding streams. Nathaniel James joined the WWRT team on 1 September 2020 in the role of Project Officer, specifically for the River Rheidol Restoration Project. Several specialist consultants, many of whom work in a voluntary capacity, also contributed to the Trust.

2.3 Organisational Chart

----- Start of picture text -----
MANAGEMENT STRUCTURE
BOARD OF TRUSTEES
----- End of picture text -----

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----- Start of picture text -----
» ChairmanEXECUTIVE or Vice-chairmanOPERATIONAL GROUP NX
«Treasurer — Mrs Kay Dearing
«Chair of Carmarthenshire Operations Group Kathy James Harriet Alvis
= Chair of Pembrokeshire Operations Group Trust awelpment Project Manager
== ChairHelen ofJobson CeredigionWWRTOperationsSEO Group cer .
West Wales Rivers River Rheidol
Project Officer Restoration
Project Officer
----- End of picture text -----

Pembrokeshire Carmarthenshire Operations Group Ceredigion Operations Group Operations Group Helen Jobson Helen Jobson Helen Jobson Edward Evans John Morris Dr. Roger Burns Clive Roberts Dr. lan Thomas Kay Dearing . Chris Stretton Clive Roberts Huw Jones Harriet Alvis Andrew Thomas NRW Staff Nathaniel James . Harriet Alvis PAA Representative CFF Representative Nathaniel James ‘NAA Representative NRW Staff NRW Staff Angling Association Reps

----- Start of picture text -----
,
----- End of picture text -----

4

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WEST WALES RIVERS TRUST

Due to the large geographical area of WWRT, it has been decided that the Trust will have a Board of approximately 12 — 16 members, with 3 — 4 members coming from each county. As the geographic area covered by the Trust now extends as far east as the Rivers Neath and Afan, in the County Borough of Neath Port Talbot, it is hoped that new Trustees to represent this part of the Trusts area of operation can be recruited in the future. The Board will meet 2 — 3 times a year, including an Annual General Meeting.

WWRT will maintain an Executive Operational Group for day-to-day management, while the Board of Trustees will be responsible for the strategic direction of the Trust. Trustees, Project Officers and volunteers from each County area will make up a County based Operational Group, chaired by a Director/Trustee.

Individual Trustees and supporters of the Trust have been identified as contributors to key areas of responsibility in order to maximise their particular skills for the benefit of the Trust. They are:

.

The Trust has deliberately restricted the size of its executive and operational team in order to create a solid foundation for further development. The Trust receives valuable support from The Rivers Trust, Afonydd Cymru, other Welsh Rivers Trusts, Natural Resources Wales and Dwr Cymru Welsh Water. WWRT will continue to build up a network of local consultants and volunteers who are called on from time to time for their expertise or to help with specific initiatives.

3. OBJECTS AND ACTIVITIES

3.1 Objects:

The objects of the Trust are as follows:

Object 1

;

Through community partnership initiatives and otherwise, and for the benefit of the public generally to secure the conservation, protection, rehabilitation and improvement of the rivers, streams, watercourses, and water impoundments in the Counties of Carmarthenshire, Ceredigion and Pembrokeshire and adjacent areas and of their banks, riparian lands and catchment areas in all their aspects. Object 2 Through community partnership initiatives and otherwise, and for the benefit of the public generally to secure the conservation, rehabilitationand protection of the indigenous species of animal and plant life of the rivers, streams, watercourses and water impoundments in the Counties of Carmarthenshire, Ceredigion and Pembrokeshire and of their banks, riparian land and catchment areas, and thereby to enhance the County’s biodiversity.

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WEST WALES RIVERS TRUST

Object 3

Through community partnership initiatives and otherwise, and for the benefit of the public generally, to advance the education of the public in the understanding of aquatic habitats, their related catchment areas, and their animal and plant life, and the need for the conservation, protection, rehabilitation and improvement of such environments.

4. Financial Review

4.1 Financial Policy

In accordance with the Memorandum of Association, the Trustees retain overall responsibility for the implementation of financial policy in furtherance of the objects of the Trust. They delegate powers for day-to-day running of the Trust to the Operational Group. 4.2 Reserves Policy It is the aim of the Trustees to maintain a level of reserves sufficient to carry out the objects of the Trust. Where the Trust has been involved in habitat improvement projects, completed in partnership with Natural Resources Wales and other organisations, these - Organisations meet the full capital costs of the schemes, however the Trust often makes the payments directly to the contractors on signing off and completion of the schemes. The potential liability to the Trust is minimised through the process of grants awarded to the Trust for the delivery of these specific projects. The grants come into the Trust’s account and are utilized to meet the capital costs. The Trust contributes to these projects through a combination of volunteer time, design of projects and overseeing contractors.

4.3 Risk Management

As a relatively small charity the Trust is managed by a close-knit group of highly committed and professional individuals with the benefit of expertise and advice from Afonydd Cymru and The Rivers Trust. Existing control systems have already satisfied an external audit carried out by Franklin & Andrews who were acting on behalf of Environment Agency Wales in March 2004. Public Liability, Personal Accident, Employers Liability, Professional Indemnity and Trustees Indemnity insurance cover are all in place. Careful risk management of projects undertaken in partnership with other agencies ensures that all projects have an agreed cost ceiling and on completion of each project no contractors are paid until money is received from the project partners, with the exception of where grants are being claimed in arrears and then strict eligibility criteria are adhered to when delivering projects to ensure that the funds can be reimbursed to the Trust via an agreed grants claim process.

4.4 Principal funding sources

During this year WWRT has continued to deliver projects in partnership with other Rivers Trusts, Natural Resources Wales, DCWW and PLANED. Throughout this year WWRT has continued with the delivery of on-going projects including those utilising funds that have been secured from the Targeted Finance Fund (via Carmarthenshire County Council) and mitigation funding for Brianne reservoir from DCWW for the liming programme. The in-river and gulley liming activities were carried out in May 2020 however no further lime applications could be delivered in this year due to NRW carrying out “Live” harvesting activities within the forestry that prevented access.

The Leader+ funded pilot liming initiative was completed and final reports in English and Welsh submitted to the funding team. Delivery and budget spend against both the

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WEST WALES RIVERS TRUST

Leader funded “Angling Passport Project” and the DCWW/ NRW funded “Adopt a Tributary Project” were suspended during the year due to Covid 19 restrictions preventing engagement with volunteers and delivery of the essential elements that were required to achieve the project targets. Re-commencement dates in April 2021 and revised project end dates were agreed with all the funders and these were set for a time when the projects could continue in the spirt of the funding that they were approved for.

As with last year WRT has also contributed to the delivery of projects managed by Afonydd Cymru. A second phase of walkover surveys (NRW funds via AC), on a number of rivers including the Upper Teifi, Neath, Loughor and the Tawe have been completed. The outcome of these surveys is the production of Fisheries Habitat Restoration Plans. The delivery of the suite of habitat improvement projects identified under the European Maritime Fisheries Fund (Welsh Government funding) has continued.

Afonydd Cymru was awarded £1,060,000 of funding from Natural Resources Wales Strategic Allocated Funding (SAF) for an Inland Fisheries & Water Quality Programme. From this overall budget WWRT was allocated £192,540 and this was used to deliver 25 (18 x habitat restoration and 7 x easement works) projects which improved 114 km of fish passage and restored 11.2 km of habitat.

’ WWART was successful in securing a grant of £203,250 from the Welsh Government Sustainable Management Scheme - Supporting Nature 2000 Restoration (SMS-N2K) for the Rivers of Pembrokeshire Project. This project commenced on the 11 November 2020 and during the year was extended so that the final completion date is the end of September 2021. Under this project the targets to be achieved included installing 10km of Riparian fencing along the Western & Eastern Cleddaus, completing ikm of riparian tree planting and undertaking a Fish Pass Feasibility study on Pembroke River. During the year the tree planting was completed across four sites, 9 riparian fencing schemes were identified and progressed, and the Phase 1 Fish Passage Feasibility Investigation at Pembroke Mill Ponds Final Report (and supporting Appendices) was completed by the appointed consultants (Royal Haskoning DHV). The remaining elements of the project were to be progressed after April 2021.

In September 2020 the Trust appointed Nathaniel James to the position of River Rheidol Restoration Project Officer to deliver the Restoring the River Rheidol Project funded through the Welsh Government’s Landfill Disposal Tax Community Scheme. This oneyear project includes the delivery of a full-length survey of the River Rhiedol and its tributaries, to identify and prioritise schemes for habitat improvement. It works to involve local people from beginning to end, leading to a healthier river catchment for people and for wildlife. A number of habitat improvement schemes will be delivered under the project and community groups and volunteers will be engaged in the delivery of activities across the project. ;

:

The Trust was fortunate to secure funding from various grants and donations primarily focussed on community engagement and education / outreach activities, as well as enabling equipment purchase. These grants have included support from BBNPA Sustainable Development Fund (for Riverfly Training), Carmarthenshire County Council Local Nature Partnership (Adopt a Tributary leaflet, logo design and recording of river stories) and Ceredigion County Council Local Nature Partnership (purchase of Riverfly kits). Donations have included funds from The Martin Wills Wildlife Maintenance Trust (for outreach projects), The Gibbs Trust (for supporting Adopt a Tributary activities in and around Swansea), and The Moondance Foundation (funds providing Covid 19 relief and assisting towards the salary payments of the Trusts SEO).

7

: ;

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WEST WALES RIVERS TRUST

Other significant funding and project activity has come from the Ceredigion County Council Local Places for Nature Capital Funding 2020-21 for the delivery of fencing projects in the Teifi Catchment, in-stream habitat and tree planting projects in the Ystwyth catchment and providing support for the purchase of protective clothing for staff and volunteers and WWRT has also benefitted from grant funding from the Gower AONB Sustainable Development Fund for the Rivers of Gower Project.

Further areas of work and funding in this financial year have included delivery of a number of pieces of work for Natural Resources Wales, namely a survey of Sediment Pathways in the Sandy Haven Catchment, the undertaking of an ee! habitat survey of the length of the Millin Brook in Pembrokeshire and facilitation of access permissions for BTO surveyors to carry out Fish eating Bird surveys along a number of rivers across the Trust's area of coverage.

:

WWRT staff have been actively participating in a number of other partnership initiatives including sitting on the steering groups for the Nevern CLEAN Project (a direct spin off from the Surveying the Waterway Environment for Pollution Threats (SWEPT) Project that the Trust was engaged with last year) and the Teifi Uchaf Natural Flood Management project. WWRT have also begun developing a partnership with Nestle Waters and have been looking to assist them in their plans to achieve Water Stewardship opportunities.

The Trust has been grateful for donations from local landowners, members of angling clubs, supporters and funds received via Amazon Smile and Easy fundraising.

Despite the restrictions that have been imposed throughout 2020 / 2021 by the Covid19 pandemic WWRT have been able to deliver a huge amount of work across their geographic area and secure funding for projects that will bring about significant improvements to the rivers of West Wales.

Going forward future income generation is expected to increase further as support from Afonydd Cymru enables WWRT to diversify and extend the range of its activities in line with its charitable objects and explore previously inaccessible funding streams and fresh partnerships get. underway with new bodies and organisations that the Trust has not engaged with before.

Full details of the Trust's projects and ongoing activities can be viewed on the Trust’s website —https://Awestwalesriverstrust.org.

4.5 Trustees Responsibilities

Company and charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 1985, applicable standards, the statement of recommended

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WEST WALES RIVERS TRUST

practice and the regulations made under the Charities Act 1993. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

Dr Kay Dearing - Treasurer Approved by the Board on ooo... cececccececeeceeeeeeee setae

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WEST WALES RIVERS TRUST

Report of the Independent Examiner to the Members of

West Wales Rivers Trust

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company 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 for this year under part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried 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. | confirm that no material matters have come to my attention which gives me. cause to believe that:

| have no concerns 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.

:

.

1R Williams FCA FCCA Pritchard & Co Chartered Certified Accountants Ffynnonddofn 74 High Street Fishguard Pembrokeshire

Date: oi cccceceeeeeesesesseeeeeereees

. .

10

West Wales Rivers Trust Statement of Financial Activity For the Year Ended 31 March 2021

Unrestricted Restricted Restricted Prioryear
funds income funds Total funds funds
£ £ £ £
income (Note x)
Income from:
Donations and in kind contributions 5,463 - 5,463 3,404
Grants 3,140 527,513 530,653 114,057
Mitigation funding - - - 26,000
Other income 24 5,000 5,024 104
Total . 8,627 532,513 541,140 143,565
Expenditure (Notes x)
Direct Charitable Expenditure
Directwages ~ 7,401 70,701 78,102 70,551
Pension costs 640 5,318 5,958 3,727
Education and habitat improvement schemes - 359,122 359,122 89,501
Consultancy - 572 572 -
Insurance 1,649 - 1,649 1,508
Office and meeting costs 817 157 974 1,694
Motor vehicle expenses - - - 1,390
Travel expenses 57 4,599 4,656 3,900
Subscriptions 869 - 869
Stafftraining . - 1,490 1,490 130
Depreciation 704 828 1,532 1,137
Advertising 129 510 639 142
Administration Expenses
Accountancy 1,088 - 1,088 528
Sundry expenses - - - 144
Total 13,354 443,297 456,651 175,238
Net income/(expenditure) before tax forthe year (4,727) 89,216 84,489 (31,673)
Tax payable - - - -
Net income/(expenditure) (4,727) 89,216 84,489 (31,673)
Reconciliation of funds:
Total funds brought forward (8,526) 228,385 219,859 251,532
Transfers between funds 16,914 (16,914) -. -
Totalfundscarriedforward 3,661 300,687 304,348 219,859

41

West Wales Rivers Trust

Balance Sheet

314 March 2021

Unrestricted Restricted Total this Total last
funds income funds year year
£ £ £ £
Fixed assets
Tangible assets (Note 3) 848 3,197 4,045 4,754
848 3,197 4,045 4,754
Current assets
Debtors (Note 4) - 217,764 217,764 45,714
Cash at bank and in hand 2,829 123,513 126,342 172,932
Total current assets 2,829 341,277 344,106 218,646
Creditors: amounts falling due (Note 5)
within one year 16 43,787 43,803 3,541
Netcurrent assets/(liabilities) 2,813 297,490 300,303 215,105
Total assets less current liabilities 3,661 300,687 304,348 219,859
Funds ofthe Charity
Restricted income funds (page 14) - 300,687 300,687 228,385
Unrestricted.funds 3,661 - 3,661 (8,526) :
Totalfunds 3,661 300,687 304,348 219,859

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. ;

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed on behalf of all the trustees/directors

: Dr Kay Dearing Approved by the Board Of[........cccccscsescsseeeees]

12

West Wales Rivers Trust Notes to The Accounts For the Year Ended 31 March 2021

Accounting Policies

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with: - the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with

1.2 Recognition of income.

These are included in the Statement of Financial Activities (SoFA) when: e — the charity becomes entitled to the resources; e it is more likely than not that the trustees will receive the resources;

e __ the monetary value can be measured with sufficient reliability.

1.3 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

1.3 Grants and donations

1.4 Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

1.5 Contractual income and performance related grants

This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.

1.6 Volunteer time :

Volunteer time is are included in the SOFA when received at the value of the work done to the charity provided the value of the time can be measured reliably.

.

1.7 Liability recognition

1.8 Creditors

:

The charity has creditors which are measured at settlement amounts less any trade discounts

1.9 Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

1.10 Debtors

:

: Debtors (inciuding trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

13

West Wales Rivers Trust Notes to the Accounts For the Year Ended 31 March 2021

2 Operating Profit

The operating profit is stated after charging:-

Year Ended Year Ended Year Ended Year Ended
31 March 2021 31 March 2020
£ £
Derpreciation 1,532 1,137

None ofthe trustees received any remuneration or expenses during the year.

;

3 Tangible Fixed Assets Tangible Fixed Assets
; Office Plant and
. Equipment Machinery Total
£ £ £
Cost
At 1 April 2020 3,678 9,613 13,291
. Additions 823 823
Disposales
At 31 March 2021 3,678 10,436 14,114
Depreciation .
At 1 April 2020 1,957 6,580 8,537
Charge for the year 873 659 1,532
On disposals .
At 31 March 2021 2,830 7,239 10,069
Net BookValue
At 31 March 2021 848 3,197 4,045
At 31 March 2020 1,721 3,033 4,754
4 Debtors
2021 2020
£ £
Grants received in arrears 217,764 44,964
Prepayments , - 750
2021 2020
£ £
Grants received in arrears 217,764 44,964
Prepayments , - 750
,
217,764 45,714
Creditors
2021 2020
£ £
Purchase ledger 36,408 49
PAYE 4,251 2,134
Pensions 3,144 1,358
43,803 3,541

5 Creditors

14

.

West Wales Rivers Trust Notes to the Accounts For the Year Ended 31 March 2021

6 Reserves

Restricted funds carried forward are ther unexpired portions of grants received and due for periods prior to 31 March 2021. Grant debtors for funding received in arrears are only included once the claim has been finalised and can therefore be quantified. For a detailed breakdown of restricted funds please see pages 16 and 17(small grants).

In the trustees’ opinion sufficient resources are held in appropriate form to enable the funds to be applied in accordance with any restrictions.

7 Analysis of Net Assets Between Funds

Unrestricted Restricted
Funds Funds Total
£ £ £
. Fixed assets 848 3,197 4,045
Debtors - 217,764 217,764
Cash at bank 2,829 123,513 126,342
Creditors 16 43,787 43,803
3,693 388,261 391,954

8 Share Capital

The company is limited by guarantee and does not have any issued share capital.

9 ‘Trustee Indemnity Insurance

The charity paid trustee indemnity insurance of £350 during the year.

10 Effects of Coronavirus

As mentioned in the detailed trustees report several projects could not be completed as anticipated during the year as restrictions on the number of people that could meet made the community involvement in those projects impossible. This has had an impact . on the reserves carried forward as the Angling Passport project is carrying a deficit of £6,275 as this project is funded in arrears and the final grant conditions couild not be met during 2021.

No claims were made on the Jab Retention Scheme as the Project Officers were able to continue their work outside and office based work was carried out from home with meetings, including the Annual General Meeting, taking place on-line.

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