OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

07 Jaqwagaa isk£ papua JpaA a41.10J yoda¥ IEnuuy ,saaisnJi llllllu Majpuv Is uw.M iaiwEH aui ull iaE49!Vd IS ¥JEd Yiayoi

"sa!iUEU UO!SS!W PIJOM Oi uaA16 s! atsUEIS!SSP IP!aUPUJI PUE IP?!l?PJd 'SUO!IPJqalaJ PUE siuaAa ?!Iqnd a6ElS 01 SUOllP!)ossp ,siuap!saJ ie?0141.IM aiejadovo? Aaui 'sa!poq aiqpiupuJ Jauio pup fvlunwwo? aioum aui ui!M dlusjauyed u! WOM oi uaa¥ aJp saaisnji a41 "paau u! asoyi oi uo!inq!JJuo? aiqpniEA E saxew osip 'Sl!S!A awou sapni?u! u?!UM 'UIIEau11! Jo iuawaApaJaq u! aidoad oi pap!AoJd AJis!u!w aL41 .AiieJoi siaisou sno!JPA PUP suolinilisu! a?!AJas uo!ieqoJd pup suosjad ssaiawoy oi A?u!EidE49 6u!p!AoJd 'aAJaS Aaui 4?14M Mlunwwo? aui Jo sjaqwaw aiqpJauinA ISOW pup isajood aui Joi ujaguog Jein?!ypd E aAEU saaisnji "aje? Jlaui Japun IIEI OUM asoui IIE i?aioJd oi Ajnp Jlayi uilm Aidwo? oi aAUiS saaisnji ayi '{eJnspay4 auiid!?s!a A6JaiJ pup 6u!pJpn6aJps ayj io s uo!i?as) siinpp aiqEJauinA pup uaJpi!ug 6u!pJpn6aJps uo aguep!n6 ,sdous!8 Jo asnoH aui oi pJeSaJ uilm 'saLUOH 6u!sJnN PUP SlOOU)s ie)01 U! WOM osie s! ajayi "sdnoJ6 Ip!?os snouEA yI!M Jauia601 'qni? u?uni pup uoiunwwo? Mlunwwog e '6koz 10 Jaqwaidas iliun dn PUE 'U?Jnua s,uaJpi!uJ p 'SUO!IES!up6Jo pauuoJ!un 6u!pni)u! _ siinpE pue uaJpi14? Joi papiAoJd ajp sdnoJ6 pue sali!All?p Jo a6uEJ ap!M p 'iipu u?Jnu? UEUOI?!A P pup 'as?q slui woJ4 .d!USJOM aU!A!P PUE ssaa)p Ilqnd Joj 6u!pi!nq uJJnuJ uoj! ISE? up16Joa9 pais![ k apEJ9 P u!eiu!pw s8aJsnJi '114auaq ?!Iqnd uo uo!ss!wwoa @!JEy Aq panss! a?UEP!n6 aui oi pJp6aJ ppu aAPU saaisnji "uJJnu? Is!JUg '¥JPd yieyol JO i1gunoJ u?Jnu? Ip!y?oJed aill Ullm 'aa!iauaq pailun ? se di4sJauypd u! 6u!¥JOM 'UO!S!iaJ 10 iuawaauEAPP aui uilm pawaguog sa!1!Jpu oi a?upp!n6 giJ!gads aui 'Jein?!yed u! pup iJi auaq ?Iiqnd uo a?upp!n6 s,uo!ss!wwo IJEU? Oi UO!iEJap!suo? aAB6 gjd aui 'JEaA ayi Joi saA!i?afqo Jno 6u!uueid Uaum .6u!pi!nq IIPH ugjnu? w! 40 a?ueuaiu!pw JOJ aiq!suodsaJ osie s! ??d ayi 'ipJ!uawn?a PUP IEIJOS '?!is!iafjuEAa 'ipJoispd aui 40 uo!ss!w aioum ayi 'us!Jpd Ip?!isp!saig)a aui u! 6u!iowoJd u! 'iuaqwn)ui ayi uiim 6u!ipJadoog 10 Aii!q!suodsaJ aui spu (Jjd) i!?uno? u?Jnug IE!uaoJEd Majpuv is uilm iaiweH a41 ui iaE4J!W IS )IJEd IllalXOI "9S6I aJnsEaw (sJaMOd) silauno? uJJn4J Ip!4?OJPd aui Jo z u0n￿S u1￿!￿ paiEis ajp ??d auijo suo!i?unJ ieJaua6 a41

auoudai81 a81 £ Li apo)JSOd ioodJeMI wnq61V 'PEO¥ yjjny J S,1aEyg!￿ IS qL 'o6we?! SSaJPPE a?uapuodseJJog 4?Jnu 6606ZI I (eAOqP PUE OOO'OOL3 S! aWOgUI SSOJ . paJ!nbeJ) Jaqwnu A¥.Jey) pgJais16a¥ PUPI U3 10 uJJn4? aill U1411M ioodJaA!i 40 asa?o!a a4110 yed s! ygjnu? gyi uo!IEg01 pup aweu u?Jnu? M8JPLIV IS LIIIM ieiwEH eLll Ul leELI?1￿ is 'wed 4lalXOI ahr4EIU8s8Jd8kl 4gJny? s,U9JPI!4J- pJo￿nd EUILII3 SSI aAqqu8saJd8u Aeies ? LIIIPaH - 41!WS y8qOiI J J8JnspoJi- 66pJ J IOJE? SJWI U9PJEM IUEIS!SSV- gJOWIEd PIAEa J UOPJPM 4JJn4J - uosuyor Yaq0￿ J U8PJEM yaJny?- QJIUM ugJe)I SJ JVJ!A- UEWYJIIH LIWgX A814 E aaw.tuwog 6u!pueis auijo sJaq(u? 'll￿n￿) eyi Apw 4g1yM sanss! ?16aipJis sjaplsuo? PUE $6u!iaaw ajd uaaweq ssaulsns ??d IJESUEJI oiJaMod aui spu U 'MEI Aq pajinbaj aaulwwo Aiuo aui'aeulwwo? 6u!puys auiAq pas!JJaxa sem ujjny? euijo iU8wa6eupw AEa oi AEa '?ad a41 Aq eiE!JdoJddE pawaap uaum pup se 6u!u!eJi IEuJaixe aA!aJaJ ad eU140 SJaqWaW IEnpw!PUl 'aad a4101 uolpaia Joi Pu￿5 PUE IIOèI IEJOPa13 eyi UO Jais16aJ oi pa6pJnoJuè ajp PUaUE Oilm asoui Iw '6uiiaaw y?Jnu? Ip14goJed IEnuuy eui IE Pal?aia èje pup 900z sain¥ uo!iNu8saJdo¥ puei6u3 Jo uJJnu? aill 1411M a?UEWO?aP u! paiuloddp ajp sjeqwew Jjd 'uo!ss!wwoJ &!JeuJ a414¥.M peJais16eJ fvuEyJ e % pue 8Jnseaw ￿0￿0d l!?unoa IEIU?OJPd 841 Jepun saiejado "puw6u3 10 uJJn4J aui Aq p8us!Iqwsa Apoq aiEJodJo? E S! ??d alll "sain¥ uo!iWUosaJda¥ aui pue 9S6I eJnsEaW (SJaMOd) si!?unog ugjny? Ipi4JoJed ayi Japun s8ipJado (J?d) ilguno) u?Jny J ie14SOJPd aui sisnji s.Awe49 auijo uo!idyas8a

SD6 LLi ioodJ8NI 'uynq6iy 'esoi? s.6u!X L sy8q0￿ esluaa s Jauiwex3 iuapuadapui AS6 SLVM 8J!LISeLI? 'eiEH 'pEo￿ 06puqLueg L 'esnoH uaèeg 'pii diusJauyEd UOSEIUI UOSElUld xeiy J 3aèllyaJY ssejppv ewEN JOSIAPV Jo edAI Jo)y￿ OuiwEnbwEs npA PIAea J uo1v.ppe ui U8OJg U9ydeis J PJE491.IJd U08 J pjojind PWW3 S $8UIES Eluwa SJ U8nA-uaJJp8 puiisljy? sj IIEJJN pI.AEa J trL OL joa1￿0 6u!pJtt168iEs M aJd L1104 Xuii 6uipJEn6?IES Y do¥ IPJPO4It) UOS¥?Er 8!JgIEA SJ fvaJES ? 411PaH y¥WS y8qO8 J s6uippig PJEMP3 J Ja)Ji ￿ Ito8 IEJOI90J3 ? ??d 4sns auuy SJ 66EJ? IOJEJ SJ JèJnsEaJl d?8 PDUAS knaupaa ? UèPJkM WEISIS5¥ aJOWlEd PIAea J pouAs ? UaPJEM uosuuor y0q0￿ J ellym UgJE)I SJVV ueLU4?1!H Ull8>1 Aa UèPJEM iugqum?ui 'SIUaWalEIS IE!JUEU!J JO IPAoJddE lliun Je8A It!?upuu JO YPIS WOJJ ??d ayi uo saaisnji ￿.J?￿9

'II.SIA pue IIE? Oilm asoyi 01 AIiE!?gdse 'sn 6uowe Aijgpia gui puE giqpJauinA 841 Jo Bj￿ JnoA Jol uo!ie6aJ6uo) elO4M eyi oi InJgiEJ6 WE I AJis!u!W IEJOiSPd pue aJEJ IPUO!ip6aJ6uoJ "8?!Mas 6uiuJow AEpuns eui Jo yBd SE se!i!UlPJ i1gJn49 JOI pup s.AepJniES UO pig4 aJE sa!1!LUPI 4gJnug-uou JOJ S8glAJeS 'ueJpi!L4? J!8141 JOJ UO!IE?!paa Joipup wslidps 6u!isenb8J eJE saii!wpJ JO JeqLunu poo6 v sagJi Jo Ipuo!sp)?o poo6 E Oi uo 106 spy 4glyM '6u!iaaw d14SJOM ¥aaMP!w B un6aq $24 (pueulpjo) MOPUIV ESII 'Aepuns IEUo!S￿￿o ayi pup Appsaupam e uo sg11?EgJd puE sis!SSE 'suosuyor qo¥ 'UaPJPM ugjnyj 'MOPU!V ESII PUEUIPJO sp11aM SP 'IIEJd Eiinr PUE 'U!B? YUEJ 'ui!nbsy aunp S,PA9￿ 8416uipnigu! 'wpai fiulugeajd JEin6gJ E aAEiI 01 Passelq MOU eJE am 6u!u?Eai ? 6u14)?aJd "8JIMas iojp J Ay.unwwoJ 6u!s 619 aui pup sagimps ¥e8M AIOH pu? iuai '(sinos Iiv) edoH io ￿!￿jeS aui papni?u! aAPiI JEaA s141 saglhjas ielsads Ipuo!i!ppv '8ido8d z L S! aguEpuaup Ai¥eeM a6EJaAE aui '(J8AeJd UOWLUOJ JO yoos) uolunwwog AIOH IPUOry!peJi e s! aS!AJaS AEpsaupaM 'WPLL ie sAEpsgupeM ISOW pup 6u!wow Aepuns E uo Asyiu¢)w iSEai ip paJaJJo s! uo!unwLUO? AIOH "UaJPl!LP 6uipnigu! 'eidoed ooi punojp ie Appais peu!eweJ sey 6u!uJow AEpuns E uo aguppually '89!AJeS UO!unwLUO? a6v-Iiv Jno 6u!eq AEpuns isJiJ a41 'shEpuns uynol pup pU￿9S eyi uo IIEH il?Jn4J 941 u! iew spy ugJn4 s,ugJpiiu? gzoz ￿enuEr eguls 'pessn?oJ AIiwpJ PUE ￿lunuJW0? uioq 8JE s6uiuJow Appuns 'se?!AlaS WP L L AEpseupgM 8 Lueo i AEpuns - awES eui paulewaj spy Lueupd d!ySJOM Jno sa?!Mas d!4SJOM aJ!I Ipniulds pup d!USJOM 'JpeA ised 9yi JaAO 4sJnL4? Jno Jo sg11!Ali?E puE 'uwoJ6 '4iiEeu Ipni!J!ds eyi uo 6u!i?aueJ yod8J s,JEJIA Slyi iugsejd oi Jnouou ALU S! y. 'sA?Mie SE 'PUE 'sfiu!SSelq PUE sa6uaiiELI? iIIOq 4y.M pèiiy JeaA E Uaeq SELI SIYI voda￿ s,JeJ!A szoz (WlJdvI 6u!iaaw u?Jnu? IE!U?OJPd Ipnuuv u?Jny? iaiwEH-a41-u!-iapu?!w is

U?IL4M 'peus!IqEisa Aiipwjoi s! ysuBd MOU eyi Ueym PaAlOSS!p eq111M e?u8uo8 Jno '(6u!1gedxe LU214gILIM) peeuE 06 01 s! Isljy? Ji '.4sued ioodJeA!l 8doH. eyi10 yEd ewoaaq 01 Jaillailm UO uojsigap ieuJi p 6u!¥EuJ JpaA slui AEWJ ui aioA p a¥ei11!M 'P8AlOAU! sa4gJnug J81110 aul Llllm fiuoip 'ugJnuJ isuy J "AJeuEaa (m?￿ aaJyaAPM ? uiajxoi eyi ssojgp ysued aisuis Mau E JO UOIIBLUJOJ aui 6uuoidxa 'ss8goJd uoiss!N Joi 114 auijo yed s! 'WBd yiaixoi ygjnu ISlJ4? 'LlgJn49 Jeisls Jno iEui uaA16 'aJninJ ayi oiu! JPJ ooi ueid 014?Jn4? p sp sn Joi iingiJJ!p si li peauE 6u!UUPld 'paAIOAU! IIP 01 S¥UEL41 AupwJ 'supaw JeL410 PUE siuaAa Jo 6ui6ws ayi 46noJ41 'puni uo!ieJoiseJ 6u!piinq eui SPJEMOI Aauow es!EJ 01 PUP )Jn49 eui Jo aiyojd e41 es!EJ 01 S! LI?IyM Jo sn￿j ayi :usn8 uoag Jo d14SJgPEei gyi Japun '@!JEi49 pgJais16eJ 2 MOU ',UO!IE!)ossy a6yuaH Sk8¥ s.iaEl49!W Is, eui Jo dn 6u!uas eyi MES JEeA slyi salilunyoddo 'JeaA s!L41 AEN ui pelliwqns oq li￿ plq ayi 'ueaJg eAaiS Aq pei Aiqe ueeq spu ¥JOM SIYI '4gJn4? eyi Jo Jougiu! pue 8is!p ￿n0S eui UO WOM UO!iwoiseJ papaau-4gnw uoddns oi 'punJ ￿8￿07 86eiiJ8H ieuoiiEN eui Joj plq 6u!punJ p uo 6u!¥JOM uaaq aA?y am JeaA ised 841 Jo4 '6u!pi!nq 49Jnug 8yI AIiEI?adse up '(Iipu pup ugJnuJ) iupid 6u!pi!nq Jno s! se6uaiipya isa661q 10 euo sa6uaiiB49 saiiiunyoddo PUE sa6uaiiE4J '8nuaA glsnw peysllq￿so up sp uo!i!u60gaJ Ipuo!iEU puB I￿01 yioq 6uipi!nq Jno uaA16 spu ug14M ' aA!I s,iapygl￿ is. 6u!pni?u! 'guaAa Ipjniing PUP Sa!l!A.11)p ielgos Jo e6upJ 9pM p Joj pasn aq oi anu!iuoJ IlP4 PUE 6u!pi!nq L4aJnu? eui 'siugpnis Ipuolipujaiu! ip Aiipd!gu!Jd paLU!p 'sEai iuepnis o pgjsou am '@!SJaA!un adoH Jol wegl A?u!pidey? puE UPJd P!Inr 'pAeèl iIIIM JgL4196oL 'SVggU 816uiis!JyJ IOOYJS OW 8L41 Joj AIqElOU Isow 'JpaA slui suo!spJJo IpJeAas uo IOOUJS HIl￿s paiso4 aAPy em '(¥oaM Yilei-jeiui 016u!inquiuoyJ pup s91Iqwassp 6u!¥EI) uoiivJnpa IEJniin? puE snoi6iieJ Joj Iguq JoweAOg aYI Ploy l eJ8UM 'lOOyJS AJpw!Jd iaiwpH-aui-u!-iapu)! IS IP SJQUJaAOg SE y?Jny? 8yi iugs8JdgJ JiesAw pup 'eJOLUIPd aABa 'uapJeM 49Jn4J IUEISISSV "yoddns IEIJUPUIJ IPUOISV￿O PUP suolipuop pooj JBin6aJ yilm isnji upJ!w 841 yoddns em 'JpeA slyi sn w.SlA SOSOWI Jaill?J aAPU oi pefjei!Aud ejem am "EUPiIg UI UO?E8Py?Jy sp knisiulw siu u! sasow JauiE4 10 yoddns LuJai-6uoi Jno anuryu¢)g PM L4?Jny? E SV WOM UOlSS!by pup uJpaJino 'A6JaiJ Joj aSjn￿ JausaJiaJ 6uipJpn6aJes E P8PUgIIE gAELI i JeeA siyi 'seu!Ippin6 pup seJnpewJd isnqoj s,PUEI6u3 Jo Ipuo!iEU 841 paidope eAEy gm 'Aisno!J8s Aiawajixe lie i98ioJd 0] uo!ie6iiqo pue fynp 4! sa¥Ei s,ieE4?!N E :6u!pJpn6aips "suJe?uw pup spa8u Jno 'Jai410 49?e ugnoi u! sn 6u!dee¥ Joj ewnosej glqEnipAu! up su!EwaJ dnoJ6 JaApJd ddy4EYM 8yI

'S8apuallp ogz JeAo pei?EJllp iueAe .6u!s 61s. spwis!JuJ ienuuE Jno pu? spunoJ6 pue 6u1piinq y?JnuJ oiu! AiunwLUO? aui Jo SJ8qW8iU P8LUOJIgM JaqLueides ui enbaqJEq M!unLUWOg V 'ew!i eWES aill IE Jaiy6npi pup d!USMoiiaJ 6u!Jp4s 'JepJo ui PJEAy?Jn4? PUE uepJe6 Jno d88¥ padie4 spuauj pue se!IlWEJ 'PlO '6unoA ejaym sAppJnips 6u!uapJe6 Jno yilm UOlI?unfuog ui UEJ pu? ui payeisaj 'eeJe 841 Jo ino pup u!UilM LUOJJ 5u!pi!nq pio JEaA ooz InJiinEeq Jno ol SJOllSlA auJo?laM am 8JauM 'Jaqoiao pup ugjew Uaemlaq Ai¥eeM piey AIIEUJJOU '.sAepJnies u8do. Jno 'Jiwapued gyi 6uiJnp Aypin?!yed '6u!UUEid Iplgupuji Jno paplp se4 pue uo!ied!g!ued u!p6 0] s8nuiiuo9 9LOZ U! 8LUeil?S 6u!Alg ySUBd ayi Jo uo!1gnpoJiu! eyi JaAaMOH 'aJniipu8dx8 ulew Jno eq oi sanuiiuog 'S8AiasJno upyi eipunyoj ssai sa4?Jnug Jauio puE ySlJEd UMQ Jno ui 41oq AJis!u!LU JO IS￿ aui SPJEMOI seinqijiuoa y?14M IUOWIIWLUO? aJEiIS ySUPd Jno 'aiqpis u!EwaJ sajueu Ji Jno s!su9 6uiA!i Jo iso? aui aildseo -IIEH ayi Jo eniEA gJ!4 a41 as2aJJu! ￿ anuiiuoj oi Lule Jno si i! puE siugAe pup sali!h!i?E iunLUWW ￿8UP￿ p 6uiisoy 'iaaM ayl 6u!Jnp pup spua¥aaM isow ino pa¥ooq MOU SI IIEU ayi 'uanA-HaJJp8 puiisuyj Jo aguep!n6 yedxe Jepun 'Ai!unuJwoJ eyi io sjaqwaw pue sdnoJ6 IE?0101 IIEH 4JJnu? Jno Jo 6uiJi4 ieujaixa a41 u! ase8JgU! UE uaes aABy em 'elPiU!I? IP!?UEUJI 46noi E eiidsea 'aipudoJddp ueL4M pessn?s!p Aiinj puE Iinj eL41 Aq peAie?eJ eJgM SUO!IEJaq!iep J!8yi pup ￿Ess￿8U uaym pue s2 law (dnoJ6 iueuJe5EUELU ajog) auiLULUOJ 6u!PUEiS eyi -L4SIJEd eL41 Ul UO!sSi￿j Joj supid ojninj Jno PUE 4JaloJd 6u!pi!nq Jno 'u?Jnyg eui Jo 6u!uunJ App oi Aep aui ssngslp oi Je8A inou6noJyi s8w!i XIS law eui frzoz 6uiJno trzoz Joi voda￿ ??d JaiLUPH aui u! iaeu?!w is u?Jny? iaiwpH-aui-u!-iaeu?!w is JE)1 UEiUyg1!H ill!a)I 'PAa¥ 'Is!Ju3 Jo aJ!AJas aui ui "PJPMIOJ OAOW em SP u?Jnu? Jno ssaiq oi anuliuoj pog Ae -Jeuie601 pog 6u!Aias 10 JEaA Jeyiou? oi PJEMJOJ ¥OOI I PUE 'UO!J?6aJ6uo? slyi JO UOIIEJipap pup yiiei 841 Aq paiqwn4 Ainji we I 'aJnini e41 JOI 6uisseiq AJeAe Jay 4SlM 01 PU 'UePJEM L49JnyJ SE UOIIE?!pep PUE iueuJi!wuJo? 6U!pu￿9no Jau Joj ai!YM uaJEX ¥U?41 Aiiei?gdsa I AEN 'sJgApJd pup 'yoddns 'iuawiiwwoJ panuiiuog JnoA Joj noA Jo euo L4?pe ¥UELII 01 IUEM I 'Aiipniu!ds pup AiipJii)pJd yioq 'aiEP!IOSUO? PUP SeAiesJno JOyiE6 01 JEeA ixeu e41 eyei em ie41 puauJwtrJaJ I 'siyi ueAig "diusJapEg1 eui JOJ ArJpinJ!yed 's.iaeugI￿ is Joj Je8A iinJuJip e Jo 6ui4iauJos uaaq SEiI 11 4?8dseJ Aupw li "9I0z ui ewliewos oq11!M elEd!giiup

piaJg8s ysns auuv 'siaisou s uaujom PUB ,s,ueLU IEJOI Jno pup ¥UEg POO eyi 'Ai81?os s ueJpi!yJ ayl 'PlV UE!isuyJ Joj yoddns Uilm Jayia601 PUEL4g U! !J!IM6unuE£ seso Ja4ip4 Jo ¥JOM UO!ssiw 841 yoddns AIJBin6eJ oi s8nuiiuoJ gyl 'piaiJE Jauvn -1004gs AJpw!Jd Aiunog IE901 Jno Joi peisou sa?!AJas ei6u!isiJy 6uipuaue OOL J9AO L411M 'Jeqwg?ga Jo 4iuow aui 6uunp saJiAJas 6u!pueuE gidoad OL9 J9AO MES M 'SEUJIS!JLI J IE u!?6p e9uo pue sa)!AJes Jeisp3 Jno oi eidogd SL L peLuogiaM em JelSP3 IV 'SaglAJaS Appuns Jno 6uipuaup sa!Iiwpi 10 Jaqwnu ayi u! aseejgu! up ges oi panuliuog em triol 6uuna '(d!usaid!)sip) Aideap ajow pup AiipuosJ8d pog 6u!MOU¥ U! Ailwei ygJnL4? P SP Moj6 01 puE Aitunwwo? Ip?01 Jno oi u?eeJino oi sdnoJ6 AiiunwLUW PUE SIOOLlaS IPJOI LIIIM Aiasoia 6ui¥JoM 'eido8d 6unoA pu? se!IlLUEJ ieg016uoLUP AJisiu!W POL4siiqpise-6uoi Jno a?UEUUg oi enuliuog Oi SEM puoAeq PUE trZOZ U! IE06 Jno 'IIOII IPJOP813 eyi uo 06 111!M OS sjaqujnu thlunwwog 6uidd!L4SJOM Jno '89!￿eS IEUOIIIPPJI ¥8gM-P!uJ Jno ip sJaddiysJoM JEin6gJ ZL YIIM 'uaJpi!ya otr pu? siinp? 99 ie sa6BJaAE Sg?!Mes 6u!wow AEpuns ip eJuEPUOlI? Ai¥aaM a6EJeAE Jno 'AI6uipJoJge d!ysJepeai sli pue 4?Jn4J s.ueJpi!yJ ￿jn0s8j oi s! uoliuaiu! Jno 's811!LUEJ AUEW u!iJpJllE SI puE aaU?PUaUP JO SJ8qwnu peseeJgU! yI!M 6u!wossoiq s! y?JnyJ s.ueJpiiu? Aepuns Jno "sdnoJ6 eseui oi A6J8ue pue aLU!i J!841 aA16 04M sJoeiunioA oe JaAo Jo yoddns InJyiiEJ 841 Joj s¥upyi aA16 pue 4gJnyJ s,uaJpi!y PUE UOIIES!up6Jo pawjoiiun Jno 46noJui Aua149 'ueJpi!u? Ozl yllm AyEin6gJ ¥JOM oi enuliu￿ em 'IIEH 49JnL4 Jno u! Ai¥geM 1geLU oi senuliuo? Inq uo!iEsiup6Jo pespq-u?Jnu? p Ja6uoi ou si (s49) Ai81?os Aipuaij siJ!g '{app6iJg sAo8) uo!IES!up6Jo pewJoJiun PUB 14?JnyJ s,ueJpiiuJ- seii!AliaP s aidoed 6unoA Jno 6u!pni?u! 'su?auJ Jo Jaqwnu p y6noJui sg!IiwpJ 6uiyoddns oi peuiwLUO? ojp am ugjny? e sv 'eAIiEIi!u! slyi JO VEd SE 8gBid ue¥Ei eAPL4 IPL41 S8JUEwJoygd I￿lsn￿j sno!JpA aui y6noJ414gJn4g eyi oiui p8wo?leM uaeq 8hBy aidoed Meu io spejpuny 'uoiidgauw si! ￿u!S "uo16aJ isam iIVON ayi u! enueA alisno? J?Indod ISOLU Pjlyi aui SE U8aS MOU eje am 'MoJ6 01 anuliuo? aisnw ,aAii s,ia?ug!N is. Jno 'eJiueg eSEIU8U pue gJEds 6u!dd!ySJOM E SE 4ioq 6u!pi!nq ugjnyj eui eAoJdLUI oi suEid uoiiBJoisaJ 6u!06uo Jno enuliuog oi asag0!a eui YUM ¥JOM oi enuiiuo?11!M gm PJEMJOI fiuio 'UO!12S!UE6Jo Ayyom SIL41 10 ijpdwi pup ugEaJ aLtI 6u!uap!M ISI14M iuewuleyeiua Jo a6ueJ e Aofue oi y?Jnu? eui oiui Ai!unLUWO) a41 Jo sjaqwaw 6uuq oi ￿lUnU0ddo Ja4yni E uaaq aAeL4 pue p8A1￿8j Ilem ejam i1gILtM JEeA eui JaAo SiUaAa IpJeAas pas!UE6Jo dnoJ6 a6piuaH gL8L s18P49!￿ Is. pewjol AIMeU 8111 'UOII!PPE UI 'JEaA aui 10 asjnog ayi 6uiJnp su!EJP 4gJny? pue )poig aui uo u8¥eyopun gjem IELII SWOM IE!P8W8J SPJEMOJ yoddns IE!aU?uJi Jraui Joj s,iaELI)!N is Jo spuau4 aui oi IniaieJ6 ￿aA eJE em 'sAEMIE SV

'sasodJnd Jno amas AiiEJaua6 PJBoqAa¥ pu? soap!A eui 'esps AUE ui iSlUE6Jo up aApy iou op am PUP IUeWOW e41 Ip sn puoAaq s! y?IilM 'OOO'Og3 10 uoi6aJ eyi u! iso? pinom IUgLunJisu! up y?ns 6ulop1de￿ "J!EdaJ puoAaq s! pup 6uiuo!iaunJ Jou MOU S! UE6Jo y?Jny? u!¥BN 8qL 'AupdLUOS Ja41oup pagjnos spy 411WS q0￿ os Jailoq e41 ag!AJes Ja6uoi ou111M Aeui ipyi p!Es eAEU Id-IN 'AiJgdoJd uo a￿￿ iou11!M 6u!ipau aui as1￿8￿10 Ay?In6aJ pa¥aeuJ aq oi pagu11!M ajnssajd JaiEM Jaiioq ayi iEilI PU!w u! eujoq aq isnw li 'aJauMgWOS ypai iy6iis p aq oi sJE8dde 9Jeyi inq11aM uoliauns ue8q SBU 6u!iBeu eui 'uoii!puoJ poo6 u! s! pup pe?IMes uaaq SE6 Jailoq y?JnuJ eL41 'pio sJ2aA ooi JaAO ¥aOI? ? JOJ Aippq auop iou s li 'Pe?BideJ eq oi PELI pup p8iipJ 6uiJds wninpugd el41 JE8A siyi -Ai!i!JEJ ?Iiqnd E Sl I! SE ewli Ulyilm AIqpuosEaJ i! daay isnLU em inq siseq Jein6aJ e uo i! SaiEin6eJ AIpu!¥ 41lWS q0￿ 'pio sJpaA OOL JeAO PUE IE?!UEU?gLiI SI 11 IELII paJoqLueweJ aq isnw i! inq MOIS JO ispj 06 UVJ li 'paiein6aJ pup pagi￿aS uaaq s?y ¥?01? y?Jnua 'espud ,iuaLudoigAea, eyi Jol spunj u?Ipw luaiai￿nS 6u!s!EJ U! ApMPE8y poo6 6ui¥pw eJE am -seaisnJi eq 016uiaaJ6? JOI UOS¥?Er IPA puB uo!dwpyJ ei¥?pr 'odEusiuoieipued asluea 'ysn8 Jjogg oi pup diusJepEai si4 Joj uoejg eAaiS oi InJoieJ6 aje am 'pua slui Oi UO!iE!Jossy sig1 a6piuaH sia24)IN Is 841 PgUJJOJ gAELI em 'JaisnLU A8LII UELII SIII¥S gjow paJ!nbgJ pes!pJ aq Oi P8P8eu spunj io iunowE gLII IEUI iiai sem 11 Inq14iH) pun4 Ajaiioi ?IJois!H eui WOJJ iUEJ6 E ie6 01 p8eu em 6uipunJ y?IEW % Ok 01 SPJEMOI 00093 peiBuop JeeA $14104M .spuatJ4. 841 Jo yoddns aui anipA ugnw11!iS 8M 'paLUJOJ aq pinoys UOliEsiup6Jo Mau P iP41 ilej SPM i! sJ!EdaJ puE uo!iEJoisaJ Jolpw Joi spury ￿ESs?￿aU eui 8sipJ oi Jepjo ui "6u!piinq Jno Jo sjayoddns snoJeua6 uaaq gAPU Oym 'pupI6u3 JIJOISIH UJOJJ 6u!puni a41 Jo ¥inq UIEUJ aL416ui¥aes aq11!M em 'WaUi oi 06 s¥ueui Jno "u?JnyJ uoji is? aL41 's.leP4?1￿ is Jo spuaud. eyi papuni UIEUJ a41 ui sem Apnis @!1!qis?aJ s.iJaiiuJJy uoliEAJgsuoJ '000'00tr3 Jo uo16aJ 841 u! aq oi uo!ipJoisaJ Jo ]so) aui Jo 8ipw!isa s,iaei!u?Jy 841 'aJnignJis ieu16iJo aui u!EiaJ oi aiqEJisap s! ii asnEJas -u!EleJ em sise66ns ]?g1!U?JE eyi y?IL4M 'JOOJ iaeis-ssaiuiE}S eui 6u!eq uolid￿x9 -66EJJ Jepilnq e41 Jo ¥JOM ieu16IJo eyi aJB ap!$ 41nos a41 UO JOOJ PUE 6uiiie 9yI -6u!iu!od pue 6u!AJp 10 paeu u! puE dwpp ajp SIIPM ayi 'iEiiuasse ssaiun wayi JEau eJniu9 oi aiqesiAP?U! si i! inq piou pinoys 4gIiIM 'SUI-aii ￿EJOd￿?1 pei?nJisuoJ spy uiiws qo¥ 'PJPZP4 Aiajes pup yiipa4 E iuasajd asaui 'u!JPE 6u!woJ Jo 6u!uiids eJE iI?!LIM Jo eLUOS 'SaLUPJJ UOJI ISPJ Ipu16IJo 841 aAEU SMOPUIM aill 'aP!s uyou g¥!iun "uo!IEJoiseJ JOIEW 10 paau u! s! Ugjnyg eul JO @pls yinos "6uiiu!od Jo pa8u s! PUB Pgsodxa ueeq sp4 ¥JOM¥gIJq eL41 PUP uo ewog spy Jepuej ayi Jo apis yyou aui uo u?Jnt4? aui io ¥?Eq gL41 iv '6u!iaad si iu61IA¥s auo UO PUP11PM gplqno gL41 UO IU!Ed Meu eyi Jo ewos inq uo4eAOUaJ egU!s poo6 ueeq OSIE SPiI JOOJ epls uyou 8yI "UO!IEAOU8J PUP J!edeJ 0gU!s waiqojd p paiu8saJd iou aAP4 saAOOJ (aejyi) ulpw eyi 'IsJiJ oi pepueuE eq oi eAELI SIIPM PUE saAOOJ eui a¥ii s6u!yi IEJni?ruis '8sJnog Jo 'inq 'ino pup apisui Jogap ayi 10 al￿S ayi oi enp iqnop ou SPM S!iii",peJii, SEM ew oi ino pools IELII auo aill '8idoad I￿0[ Jo Aamns Jno inoqE pasn SPJOM eAq!sod AI6u!WlaUMJeAO eL41 Jo 'se6ueiiELI? sli Juasgjd 'JaAeMOLI 'saop 6uipiinq pio-JpeA-oki AIJEeu Jno 'ewogieM 841 pup 6uipiinq ayi inoqE 41Oq 'gAiiisod uagq lip gAEU SiUgWW¢yJ Jlaui pue ugjnyg eyi u! saLU!i ispd Jo saljowaw puol 41!M aido8d Jo Aq -sJgss?d woji ¥!S!A snoeuwuods Jo pauupid ppu eAPLI gm suoisE￿O Aupw eyi uo "e¥iiE eidogd i?Joi pup uoiip6eJ6uoJ eyi Aq p8Aoi y?nw 'iessE 86ei!Ja4 1n￿.lneaq e s! 6uipiing pgisli euo appjg Jno u?JnuJ iaiwpH-aui-u!-iaEU?!W IS y?Jnu? Majpuv is uilm iaiweH-ayi-u!-iaE4gIIN IS yoda¥ suqp4 trzoz

uapJEMU?Jny uosuyor qo 'IieL4 pue usjny? gui Jo aJuEuaiu!EW pup 6uiuunJ eui oi aJnquiuoJ OUM IIE oi noA ¥upui eJagu!s ￿eA V "ssn?s!p Oi J?d a41 Joj aq11!M 4914M SUO!inios Aipu8ui-o?e PUE gA!i?eue-Isog ajow sipsodojd eA!IEuJeiiE SEY 1411ws q0￿ "apis pEo>J eAeJ6ie8 aui uo sJoiEIpEJ OMI JO IUaWalEISU!-aJ PUE Jailoq iuawajpidaj E Joj eionb E 8P!AoJd11!M PUE papueHE 'Jaiioq ugjny? aL4110 sJe!Iddns ayi 'id-!N -aJ!1 Su!¥JOM Si! Jo pua a41 fiuiJB8u s! Jg1!oq iueJJnJ a41 'As!ou ￿eA Inq eAii?eJJe Ajeh s! waisAs UEI iuajjns aui 'iiEy aui u! waisAs 6u!iEeu aui IE ¥OOI E 6ui¥ei eJB OM .1124 ayi dn uB4SgJJ PUE IU!Ed-eJ Oi PaPUaiUI s! J! paiaidwog uaaq sp4 ¥JOM Slill e?UO 'JEaddp oi peypis dLUEP Jo saygiEd aLUOS SE 14611 JeiEM % 001 IIEt4 ayi 6uiua6 oiu! 6ui¥ooi Jo ss8?oJd aui u! ajp em "P￿1￿jgS ueaq aAPU sjays1n6ui￿a aJJi ayi 'spJEPUEiS AIgJES iuajjng oi dn 1124 e41 ia6 01 p!AOg WJU!s Iipy u! peiipisu! ugaq aAEU swaisAs 6u11461i Ague6JeLue PUE WJEIP gJIJ V "86Esn Jaup pup Joi dn asoi) pup dn uedo 04M sJeaiunioA eyi pue Iipu a41 JOI waisAs 6u!¥ooq e416u16euEW JOJ PU!is!Ju3 oi InJeiEJ6 osiE gJE em 'J8PJO u! pup aJES s6u!yi 6uidaa¥ ¥JOM uaasun u! paAIOAU! si aH 'IIBy Ll?Jnu? gyi Joj o AieJBs PUE 1411EgH pup Ja5puELU ails a41 OiaEJ ap S! Oilm Uilws q0￿ oi InJaieJ6 AJeA ejp am 'U!E6p e?uo ppo¥ aAEJ6ias IIEH usjnyj eyi "suo!ipJ8ue6 eJninJ Joi aJoJsaJ pue emesgjd oi ￿np Jno si yJ!UM 'di4sJoM Jo wJpid Injlineaq pue eiqe8J!Mas e suipwej 4?Jn4? 841 senssi asaui lie eiids80 'epni!ipJ6 Jo iqap deap E wlu amo am 'sa)UEwJoJJed eA!i s,iaEyg1 Is Jaue pup 8JoJeq 6u!pi!nq eyi 6uiJepJo-8J ewli y?nw spuads osi? eH 'vadx3 IEgIUL4?el PUP J86EuE￿ ails 'JagyJo fyaJES pup ￿lE9H Jno se spe Oym '4IIWS q0￿ 01 S¥UEyi IP!geds aA16 isnLU gm -6u!iu!pd pup Jlpdaj Jo paau u! ajp s6uiiipJ peisii z gPEJg Jno 'anss! 86eu!eJp eL41 yilm IE8P 01 SJOI?PJ1U￿ alqEi!ns 6u!puJi oiui 6ui¥ooi si pup Jaipm u!EJp Jo IiJi ¥JEq Aue 41!M l?ep oi dwnd E p8iieisu! SEY YIILUS q0¥ 'LI?Jnug Jo lgeq ill IE ieiioi ayi oiu! s¥apq Jaipm sawiiawos PUE POOU oi Sanuliu￿ yipd apis uyou eL41 'OP!sino ayi uo 'awii aieudoJddB a41 IE a)!AJ8s uoiiEJJasuoJ-aJ E Japisuog pinoys am 'UOliWOiSaJ 6uw40110I 'sdEwad 'paJoisaJ uaaq SE4 ap!$ 4you eyi iliun Aijgdojd i! 6uiJoisaJ u! iulod y?nuJ Jou s! ajayi 'JaAaMOH 'AiaJpudoJddE pajapjo aq pinoys pup agEds paiBJ?8SUW E OSIE si s!41 'eJois p 8￿￿eq sp4 'Aipui¥ i! ind oi '18dpu? -uo!iEpuewLUO? Jo 6uiuais!Jyg 841 Joi ie?UELIJ ayi oiui dn PeilAU! aje seii!weJ ieJounJ PUE WS!ideq se Apli li dea¥ oi au0￿9A9 e6EJno?ua pinom I 'JepJo poo6 u! pup Apli 116u!u86 eLU!i awos iuads sB4 miiws q0￿ pue e?eds peJ?ES E si ia?upyg eui 'IsJiJ uoiiueuE peau ￿??13p ieJni?nJis 'J8A9MOU 'Aipes '6u!punJ Joj AiddE oi pagu11!M 8M PUE Aiisoj AJeA eq111M 9$841 Jo uoiI?JoisaJ inq SMOPUIM SSEI6 paiuled puE pauieis aui u! si?8Jep snoiAqo aJ2 aJa41 "eJES eyi U! euo s! eJeL41 iE41 sn swJoJu! 41!ws qou 'AaAJns soiseqsy up PEY em Jeuigym P8ISB 8S8JO!o "euo pgjjw eui s! JgMOI 8LlI UO JoI?npuoJ 6uiuiL4011 -Suipi!nq aL41 Uilm PeJl slips AiipJaua6 ejem OLIM e?UEJnsui Ipa!isp!saiJ?3 UIOJJ IISIA P PELI 8AEy gm 'pa9!￿as uaaq eAe4 ygjnyg ayi u! sJeus!n6uiix8 8J!

'6u.ryeew 041 oi paiuasajd aJeM SsiPP!puvJ io uoiieuiLUON uolpaia pouAs uesag0!a -uoiiouJ eyi iuasojd PIP OUM esoyi oi uoA16 eJeM syuBiiI 'pap!s-auo i! 6u!iaaJ ewos pup xgidujog AJaA 6u!eq UOliOLU eL41 Jo 6u!PJOM a41 'aioA p 8¥￿ ol aiqeun SPM pouAs 'enssi siyi uo u!p6p uoissnsslp SPM ajau uouow aulisaied "S "gZOZ U! OSPe 11!M punj slui "(JEeA slyi Pai￿oI1P SPM LZ9'trtr3) paiEgoiip ueeq MOU 8AEL4 OelllWLUO? 841 LUOJI siupJ6 Iiy 'peiiiJ eq ue? es8UI Moy pup sa!JUVJPA ￿auP8a ssngslp oi law pe4 eall!WWOJ IEJOISPd eui aaii!WWOg IPJOlSPd UOlSS?w AJauEaa 'tr "6uiiaew pouAs Jxeu 81U IE passnaslp aq |11M aJeL4S AJguEaa 'sayJJnL49 aso41 Luoji sd8J Aq pewo)ieM SEM 14?!LIM ssol AEd pinom sauajnyj ajeus Ajeupea Jau61L4 aui 10 aLUOS 'AiipnuuE peMe!AaJ eq pinom LI?114M 6u!ieew eui oi paiuosajd sem waisAs eiqE¥JOM V aJEUS ￿8upaa '£ .06? sJe8A z 8IqEiieAB uegq QAPU pinoys pup ss8JoJd 8111 U! gIPI 001 SPM Slui ipui iiai SEM l! wq '6u!uWaAa u!Eidxa oi iuawngop E 6u!JEdeJd s! 8saaoia ayi "OP 01 IEUM pioi 6u!8q aJE Aaui JE￿ iiaj A6Jaig awos "d!USJOM Oi aiqp aq11!M Aoui ejaym PUP esoi? ABUJ sauJJnyJ iEUi JEaJ s! ajaui 'wa41 uo p￿j0& 6u!aq ajem se6upu? Ipui iiaj sausuEd ewos .ieays uwAu awps aui wojj 6u16uis. iou ajp .Aeyi. IEUI sno!Aqo s! li 'uJeguoJ T UO!IEpidgJi ipeJ6 yilm PeMe!A AaLli ? uo1ipa1unwLU￿ JO ¥JEI E SPM ajaui iiaj suo!1p68J6uoo AUE 'sa4S!J?d Jlayi u! 6u!WOM S! (Njd) uolssiwi Joj lld Moy 6u!pJp6gJ UaA16 SPM thlpi aui woji uoii?eueJ y uo!ss!w Joi 114 "z p 10 ypd SE Aiuo inq S￿[￿0S ?!Iqnd u! Jo s6u!sseiq Joj AieiEAud pasn eq sJaApJd yi!?4 ? gAOI '4gJnu? aui oi lie awoglem pinoys gm Ilel IEYI iiai sJeqLuew AUEN 'euoKJeAe 411M eAOI S,pog eJEyS em MOY pup sd!ysuo!ipieJ lip sesEJqwe LIJILIM 'aA!ie!i!ui slyi oi uoliisoddo 6u!sspJdxe y?Jny? Iv)01 euo 411M 'PleY SEM aiEqap AiaA!I V 41!P4 ¥ aAOI" paiJpA PaUIEweJ passn?sip soidoi 'JEaA ayi 6uunp s6u!iaaw £ 01 9 wojj aonpaj s6u!iaaLU pouAs AJeuEga MES trao 'Ayei pue ASJai? Jo Aiqwasse up Aidwis si pouAs y yoda¥ pouAs Ajaupaa trzo

6uiJnsu8 'iiEpaaM yiajpg oi JaAOPUEU UIOOLUS p ejnsue oi eq11!M Ipo6 AUJ 'syiuow Mei ixgu gui Jaho '¥?Eq dais oi papiaap aAE4 l ipyi iaJ6aJ ip9J6 4ilM S! I! PUE iuewAoidwa eLU!I Iini u! 6uiaq 41!M AIiE!aadsa '6u!pupwap ooi a￿￿8q Osd Jo aioj ayi 'sL41UOiU ZL ISEd ayi JaAO '(sa!ilA!I?E Llgjnyj s,ueJpiiy J uo iuawssessE ¥SU u! euo pup 'd!ysJappai ui guo 'SS8U8JEMV asnqy glisawoa u! auo) suo!1gE 6uipJpn6eJps 6uipuwsino aejyi Aiiuejjn? aJE ejaui 'szoi L4?JEN Jo pua 841 IP SV 'Aiaie!pewwi pessaJppE ejam SPeJP aS8UI 'UIE6v 'paiaidLUOJ eq pinoys Aaiiod 6u!pJpn6aJEs18pow IBnuuE UV . '8iq!ssod sp uoos sp P8idopp eq pinoys A?Iiod sJepugJJo-xa Jo iuaLUi!nJJ8J gL41 . 'paiaidLUOg aq pino4S SiUaWSSgSSP ¥s!J AIiA!1gV . PaiL461iy6iy u?!LIM 'IS!l¥?914 J MalAg¥ 6uipJEn6gJBS S.UO?Eap4?Jy eui gwli isj Ji otn Joj paiaidujoj am 'traOa JeqLU8?8a Ul 'sey?BeJq gseyi ssajpp 01 UOIIgE ¥ooI Aiaipipaujw! am pup 'siuawaJinbeJ 4Jns Jo aJpME apEw aJ8M am awii isj Ji eyi SEM SILII 'y?Jny? E SV "Osd PUE suepJEM Y?JnL4? 841 Joj sesJn¢yJ snouEA PUE sseueJEMV asnqy giisewoo u! Aiiei98dsa 'sasJnog ui sde6 awos P8MO4S 4S14M.'6u!uipJi 6uipJen6aJes Jo1gAei iPL4M SgJinb8 Ou￿ pall￿ iuawngop B WEai 6uipJEn6aiEs ioodJaA!i Jo as￿01a a41 WOJI peAlageJ em 'traOZ Ainr ui 'S84JEeJq 6u!PJEn6oJps Mei p pgiu6iiy61E4 osip inq '4uaweJ!nb8J 6u!pJpn6eJES eyi io A]iJofELU ISEA 841 yI!M IUE!IdLUO? ueaq aAeL4 em JEL41 UMOUS eAEL4 s6u!ie8w Jno IE paiuesejd SPJEOqL4SEa 6u!pJpn6aJES 841 'ioodJeA!i JO 8saao!o aui Aq peuliino sp siuew8JinbeJ 6u!pJen68Jes 8141 UIIM luelldtu￿ eje (uJJnuJ s,ueJpi!UJ PUE ?Jd) SJ8qLueLU Jno lip iEL41 ejnsua oi ugeq se4 eh!i98!qo AJEW!Jd Aw 'ugJnu? ieiwEH eyi u! leeu?!￿ IS JOI PE816uipJEn6gips sv '.yoda¥ 6u!pJpn6aJes trzoz eA1ieiugseJda￿ pouAs ￿QuEe0 eJOWlPd eAEa "trzoz Joj yodej pouAs AJauEaP eyi SePnpu￿ slui "Spuiw Jno ui isowajoj ? Isjij 6u!aq aidoad lip is6uowE wop6ui s,IsiJyJ Jo iuewagUEAPV eqi '$6ulleew 041 ie eieq8p AiaA!i aq oi panuiiuo) ajayi JEaA gyi inoySnoJ41 "JelEI MglA 01 SJ8qLU8LU Joi eiqeiieAE 6uieq uoiieiues8Jd iu!OdJaMOd P LUN s6u!iaaw oyi 10 auo ip uaA16 s?M UO!ieiuasgJd v aA!IE!I!UI UOqJEg ojaz 'L

JgJJI JO |10￿ |EJOi?913 ysns auuy "szoz 4gJpwJ u! enp s!1108 eL4110 Me!AaJ Iinj v "ojuppueu 4gJnyg J?InSeJ Jlaui oi iuawi!WW¢yJ MO4S 01 SP88U IIOJ IPJOI?al9 aui ulol 016uiL4SIM euoAuv "usupd aui aplsino aA!I OZ PUE usued a41 u! aAII OL 'peiioJu8 06 aill 10 'J?eA ispi aguis JeqweLU Mau auo JO uoliippp eLU09iaM OLII iII!M Iioèl IEJopa13 uo 06 8JeM ejeyi trzoz Jeqwgaaa 18 L£ JO SV oz Joi yoda¥ lio¥ IpJoi?a13 ppai 6u!pJBn6gJES nEA P!AEa .AieiEudoJdde pue Aiidwojd w841 uo J?E pup Aisnoljas suJa3uoJ lip a¥EI 'AguaJpdsuBJi pup 'Msauou 'isn4 'ssauuado io ajniing Jno oiu! Aissaiwpas 6u!pJen6aies P8qLU3 eq oi enu!iuoJ seA!pefqo 6u!pJen6gies UIEW Jno 'i8iwEH aui u! iapy?IkN Is iv "ajidxa oi enp s¥aau? sga 6u!LuoJdn Aup pup 'Sa4gEgJq 'sweguog AUE 6u!pnigu1 '6uiiaew ??d ￿erta IB a]Epdn 6u!PJEn6aJES e io uo!S!AOJd '6u!siJp suJegu09 6u!pJpn6aJes Aup Joi y?JnyJ 841 U! silpiap i?PiUOa 8iPP-oi-dn 10 e)ueu8lU!E 'eg11geJd 6u!WOM Jo epoj s,as8ao!a eyi Jo eJpMP ajp puB '6u!u!wi 6u!pJpn6aJps eui passpd aAEy 'pe¥?ey? ssa eje sJeeiunioA lie 'ygJnuJ s,ueJpi!4J puB 94101 siupwiuioddE Aup oi Joud iEiII 'siuaLuaJ!nbaJ 6u!pJen6eJES S.8seg0!a eyi yilm agup!Idwo 'asag0!a a41 Aq ino les Euaiij? aui Jo iuawiijinj penuliuo

aiea {aia 'J!EUa 'AJpiaJ?8s 60) uo!l!SOd {s)awEU lin4 ajgas Jleug UPWIJ?IIH w.ax Aa (s)aJnieu61s {Ipuoiido Awei) Ay.pi pup A6JaiJ Aq (??d) seaisnji s,Aw?4J a4iJo 41eyaq uo pau6is 'eAOqE yodoj ,sO￿$nJ1 eui PeAoJddE 8AEU Aeyi ipyi eJEiJap sa8isnJi oui JaJnsEgJ 66pJJ iojp 'AiasJaAPP gJni!pu8dx8 Joipue aLUOJU! pinous aiEJado oi anuiiu¢yJ pinoj i! os 'eJni!puadxa s,yiuow aajyi AiaipwixoJddE 01 SalEnba YJIUM 'OOO'053 UELll SS81 OU JO p81?uisgJun PlOL4 01 SLUIP SaAJaSa¥ "spunj Aiinbo u! iseAu! iou seop 49JnyJ eyi 'gid ¥ups sApigJE8 Ip silsodap puE SE pia4 aJaM spunj s 4gJny? kn!IOd iuawisaAUI siuno?ry Jo iueweiws IE!?ueu!4 trzoz eas

Return of Parish Finance
January to December 2024		 Church Number:618 Church Number:618 Church Name:S Michael in the Hamlet with St Andrew Church Name:S Michael in the Hamlet with St Andrew Deanery:Toxteth & Wavertree Deanery:Toxteth & Wavertree
Looking back across 2024, were there any exceptonal circumstances that may have led to unusual fgures? Please
provide brief details with this form.		 Diocese:
Liverpool
INCOMING RESOURCES UNRESTRICTED
RESTRICTED
(nearest £)
(nearest £)		 RESOURCES EXPENDED
UNRESTRICTED
RESTRICTED
(nearest £)
(nearest £)
1
2
3
4
6
6a
7
8
A
9
10
11
12
13
B
14
15
16
C
G		 Voluntary Giving Cost ofgeneratng funds
Tax efcient planned giving (reglular Gif Aid giving) £ 23,980 Fund-raising actvites (costs and payments)
Otherplannedgiving (non Gif Aid) £ 3,192 Church Actvites & Church Expenses
Collectons at services £ 8,411 Missiongivingand donatons
All other giving and voluntary receipts, including Special
Appeals (recurring and one-of)		 £ 3,543 £ 3,565 DeaneryShare/Parish Share contributon £ 46,409
Salaries,wages and honararia
Gif Aid recovered £ 5,599 Clergyand staf expenses £ 3,289 £ 3,289
Gif Aid Small Donatons Scheme repayment Mission and evangelism costs
Legacies received(capital value) a. Church runningexpenses(inc. Governance) £ 4,115 £ 2,003
Grants(include recurringand one-of) £ 750 b. Church buildingmaintenance costs £ 8,784
**SUB-TOTAL Voluntary Giving: ** £ 44,725 £ 4,315 c. Church buildinginsurance(inc. contents) £ 4,274
Actvites for generatng funds Church utlity bills £ 7,024
Income from fundraising actvites (gross proceeds) Cost of trading £ 7,757
Income from investments **SUB-TOTAL for Church Actvites & Raising Funds: ** £ 72,869 £ 14,076
Dividends,interest,income frompropertyetc. £ 1,031 Major expenditure
Church Actvites Major repairs to the church building
Statutory fees retained by the PCC
(weddings, funerals, etc.)		 £ 1,697 Major repairs to church hall or other PCC property,
including redecoraton		 £ 5,310
Trading actvites (gross proceeds) e.g. hall letngs,
magazine, bookstall. NOT fundraising.		 £ 9,865 £ 5,890
New building work to the church, church hall, clergy
housing or other PCC property		 £ 3,600
Other SUB-TOTAL for Major expenditure: £ - £ 8,910
Anyother income/receipts not alreadylisted £ 3,205 £ 6,258 Otherpayments/expenditure not alreadylisted £ 87
TOTAL INCOMING RESOURCES(FROM FINANCIAL STATEMENTS) TOTAL RESOURCES EXPENDED(FROM FINANCIAL STATEMENTS)
Column Totals(Line Aplus lines 9 to 13) £ 60,523 £ 16,463 Column Totals(Lines D and Eplus 99) £ 72,956 £ 22,986
PLANNED GIVERS AND LEGACIES Cash and Investment Balances
UNRESTRICTED
RESTRICTED
Number of regular Gif Aidgivers(include PGSgivers) 28 Cash and deposit balance as at 31st December £ 6,719 £ 24,076
Number of regular non Gif Aidgivers(inc. PGSgivers) 7 Investments valued as at 31st December £ 4,665
Number of new legacies received during year 0 Liabilites due within 1year
Grand Total Receipts/Income

Grand Total Payments/Expenditure		 £ 76,985 Are your accounts Receipts&Payments or Accruals (indicate ONE)?
Receipts andpayments[ X]
Accruals[]
£ 95,942
Please refer to the notes available from our diocesan webpage to help clarify what
is included in each secton.
(htps://liverpoolcofe.org/governance-maters/statstcs/return-of-parish-fnance/)		 Date 4/4/2025 Note:Please complete this return
directly online. Contact
G Fath or Central Services at
St James' House for details.
Name Carol Cragg
Positon Treasurer

p p g gtii

pi

St Ja es ouse o deta s

Tel or Email c_cragg@sky.com

Money that is given regularly under Gift Aid through a standing order, by envelope scheme, or by cheque. Figures should be net, i.e. receipts planned giving excluding any tax recovered. Also include money given through charity vouchers (gross amount) e.g. CAF or Sovereign Giving and money given 1 through Payroll Giving (gross amount

2 Money given regularly without Gift Aid through standing order, by envelope scheme, or by cheque.

Collections at Sunday, midweek, wedding, baptism and funeral services, and Sunday schools. Include one-off gifts given in collections at services through Gift Aid envelopes (net amount), but exclude money given through planned giving envelopes. Do NOT include collections that go directly to a charity and do not 'go through the PCC books' e.g. Christian Aid Week. Other collections for a specific charity 3 are restricted income Proceeds of annual

Other Recurring Giving /Donations: Gift Days, money given in church boxes and wall safes, and other 4 ad-hoc donations from individuals which are likely to recur in future years.

Non-recurring Giving/Donations: Include one-off donations given outside services. Include the proceeds of all special appeals (which are usually restricted), but also one-off Gift Days for general 5 funds. Include gifts of shares at market value.

The amount of tax recovered from HMRC on all money given to the PCC under Gift Aid. This should be split between Gift Aid recovered on restricted and unrestricted donations and allocated to the appropriate fund. If no tax has been recovered, an explanatory note should be provided in the finanical 6 statement.

The capital amount of a legacy, together with interest from the probate process process, should be recorded in the year(s) that it appears in the accounts. (Note that the legacy may have been included as an asset in last year's Statement of Assets and Liabilities.) Any interest from legacy investments should 7 be recorded as income from investments

External grants received from trusts and other funding bodies for the PCC's general fund or for a restricted purpose. Include VAT recovered through the Listed Places of Worship scheme. This does not 8 include transfers within a benefice.

Fundraising: Money raised from sponsored activities, jumble sales, fetes, and other activities where the primary purpose is fund-raising. Income should be stated gross, and any costs must be recorded 9 separately as payments.

Dividends, interest and income from property: Bank and other deposit interest including any reclaimed tax on investment income. Include dividends from shareholdings. Include rent received from land or 10 buildings owned by PCC.

Statutory Fees retained by PCC: PCC Fees for weddings, funerals etc. Do not include fees due to the 11 clergy and organist etc. as these are not PCC funds.

Income received by the PCC from trading activities including bookstall, letting of the church hall, sales and advertising of church magazines. Income received from other church activities which are not fundraising activities eg membership fees for groups, payments for events etc. All trading receipts must 12 be stated as gross figures. The costs must be recorded separately as payments.

All other receipts: These are often 'capital' in nature: sale of buildings, investments, insurance claims, transfers from term deposits, loans received, repayment of loans made by the church to others; but 13 will also include contributions from other churches in the benefice to shared costs.

A The TOTAL UNRESTRICTED incoming resources as shown on your examined/audited financial statements, excluding a

B The TOTAL RESTRICTED incoming resources as shown on your examined/audited financial statements, excluding any

C The SUM TOTAL incoming resources as shown on your examined/audited financial statements, excluding any revalua

Costs of generating income: Include the costs of fundraising events, which have contributed to the income recorded in Fund-raising income box above. Also include fees paid to a professional fund-raiser, 17 the costs of a Christian Stewardship campaign and the costs of supporting regular giving e.g. envelopes.

Mission Giving and Donations: Include donations to external missions and charities that come from the 18 PCC's receipts. Collections that go directly to external charities should not be included.

Diocesan parish share/ quota/ family purse: All payments made during the year, whether for current, 19 or previous years Share.

Salaries, wages and honoraria: All payments to assistant staff, youth worker, verger, administrator, 20 sexton, organist and choir. Include NI/Pension costs where applicable.

Clergy and staff expenses: Working expenses of the incumbent: e.g. telephone, postage, stationery, travel costs (car and/or public transport), secretarial assistance, office equipment, maintenance of robes, hospitality.Assistant staff: Include costs, as for the incumbent, that are associated with expenses incurred by assistant clergy, pastoral staff and youth workers. Housing: all costs relating to clergy/staff housing paid by the PCC. (including where applicable repair costs, water rates, council tax, and 21 redecoration). 22 Mission and Evangelism: cost of outreach, courses, excluding staff salaries

Church expenses: Routine repairs and maintenance. Insurance. Miscellaneous: cleaning materials etc church /office phone. Churchyards all costs involved in their maintenance. Upkeep of services: organ 23 tuning, worship materials, choir robes etc. 24 Church utility bills: total costs of electricity, gas, oil, water etc.

Costs of trading - include the costs associated with the receipts for bookstall, hall lettings, magazine 25 income etc.

Costs relating to the governance of the PCC, including any fees for audit or Independent Examination, training of PCC members in their role of Trustees, the production of the annual report, hire charges for 26 any PCC meetings etc.

27 Major church repairs: include repairs that are not routine and internal and external decoration.

Major repairs to other PCC property: incl repairs that are not routine and internal and external 28 decoration.

New building work: new buildings, major alterations and extensions to church or other PCC property 29 and including all associated professional fees and expenses

All other payments not included above, but mainly of a "capital" nature: purchase of fixed assets for church purpose, purchase of investments, transfer to term deposits, loans made and repayment of 99 loans etc.

D The TOTAL UNRESTRICTED resources expended, as shown on your financial statements.

E The TOTAL RESTRICTED resources expended, as shown on your financial statements.

F The SUM TOTAL resources expended, as shown on your financial statements.

any revaluation of assets. revaluation of assets. tion of assets.

Parish Details

ST MICHAEL IN THE HAMLET WITH ST ANDREW

2024

Name of signature 1 on accounts: Name of signature 2 on accounts Name of Independent Examiner Professional Qualifications of Independent Examiner (if any) Address of Independent Examiner

The Revd Keith Hitchman Mrs Carol Cragg Ms Denise Roberts

21 Kings Close

Liverpool L17 9QS

Date of Accounts approval by PCC Date of Independent Examiner's Report

Page 1

PAROCHIAL CHURCH COUNCIL OF St Michael-in-the-Hamlet with St Andrew NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024

1 Accounting policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005.

The financial statements have been prepared under the historical cost convention except for the valuation of assets which are shown at market value. The financial statements include all transactions assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forwards as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets arte not valued in the financial statements. Subsequently no individual item has cost more than £1000 so all such expenditure has been written off when incurred.

Investments are valued at market value at 31 December 2024

Page 1

PAROCHIAL CHURCH COUNCIL OF ST MICHAEL IN THE HAMLET WITH ST ANDREW FINANCIAL STATEMENT For the year ended 31 December 2024 General (Unrestricted) Fund Receipts & Payments Account

Receipts
Income and endownments
Donations and legacies
Tax efficient planned giving
Income tax recovered
Other Planned Giving (non gift aid)
Collections and other giving
Donations
Other trading activities
Hall Lettings
Summer Fete
Church Events
Charitable activities
PCC Fees
Receipts from investments
Bank & CBF interest
Other receipts
Reimbursements
Total Receipts
Expenditure
fund raising activities
Charitable activities
Diocesan parish share
Clergy expenses
Mission & Evangelism Costs
Training Course
Church running expenses
Utilities
Insurance
Housing Costs
Cost of services
Admin
Repairs
Cost of Trading
Hall Running Costs
Other
PCC Fees Refund
Hall Hire Refunds
Total Payments
Excess of Receipts over payments
Total transfers
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024		 2024
£
£
23,980
5,599
3,192
8,411
41,182
3,543
3,543
7,160
2,705
9,865
1,697
1,697
1,031
1,031
3,205
3,205
60,523
46,409
1,460
450
2,905
7,024
4,274
1,830
745
15
7,757
87
72,956
(12,433)
0
19,152
6,719		 2023
£
£
24,603
8,341
5,100
6,653
44,697
3,088
3,088
7,071
1,995
9,066
2,680
2,680
622
622
3,819
3,819
63,973
46,409
2,155
484
3,735
1,570
3,651
1,661
1,244
60
6,486
460
67,915
(3,942)
0
23,094
19,152		 2023
£
£
24,603
8,341
5,100
6,653
44,697
3,088
3,088
7,071
1,995
9,066
2,680
2,680
622
622
3,819
3,819
63,973
46,409
2,155
484
3,735
1,570
3,651
1,661
1,244
60
6,486
460
67,915
(3,942)
0
23,094
19,152
3,088
9,066
2,680
622
3,819
63,973
67,915
(3,942)
0
23,094
19,152

Page 2

2024

2023

£ £

£

PAROCHIAL CHURCH COUNCIL OF ST MICHAEL IN THE HAMLET WITH ST ANDREW FINANCIAL STATEMENT For the year ended 31 December 2024

£

Church Restoration & Fabric (including Tower) Receipts and Payments Account - Restricted Fund

The Church restoration & fabric fund is restricted to expenditure for the restoration & maintenance of the church buildings.

Receipts

Release of funds from sale of Langham Hall
Restoration Fund
Donation from Friends of SMH towards Drain repairs
Donation from Friends of SMH towards clock repairs
Payments
Repairs to church hall roof &gutters
Church Clock repairs
Church Drains repairs
Professional Fees-Building Development
Ladders
Website
Cherry picker
Architects Fees -Feasibility Study
Knotweed treatment -churchyard
Excess of Receipts over Payments
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024		 6,258
270
5,620
5,310
6,744
2,040
270
245
750
3,600
738		 12,148
19,697
-7,549
21,644
14,095		 11,000
1,902
1,608
636
455		 12,902
2,699
10,204
11,440
21,644

Mission - Restricted Fund

The mission fund is restricted to expenditure on Youth work & Childrens Church.

Receipts
Deanery Grant - Childrens worker
Payments
Childrens Church
Excess of Receipts over Payments
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024		 0
54
0
0
6,496
6,496		 4,500
0
54
-54
6,550
6,496

Screen,Projector,PA system Fund Receipts and Payments Account - Restricted Fund

The fund is restricted to expenditure for the purchase & installation of a screen, projector & sound equipment.

Receipts

Deanery Grant
Payments
Purchase & installation of equipment
Excess of Receipts over Payments
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024
Clergy Fund - Restricted Fund
The fund is restricted to clergy expenses and housing costs
Receipts
Donations for the upkeep of clergy
Payments
SMH Clergy housing costs
SMH Clergy Expenses
Excess of Receipts over Payments
Transfers
Transfer from General Fund
Bank current and deposit accounts at 1 January
Bank current and deposit accounts at 31 December
Heating Fund - Restricted Fund
The fund is restricted to church heating & energy costs
Receipts
Deanery Grant towards heating costs
Payments
Part payment of 2022 church heating costs
Part payment of 2023 church heating costs
Excess of Receipts over Payments
Transfers
Bank current and deposit accounts at 1 January
Bank current and deposit accounts at 31 December		 750
3,565
1,830
1,460		 750
0
750
76
826
3,565
3,290
275
2,384
2,659
0
0
0
0
0		 3,930
1,661
2,155
2,500
2,500		 0
0
0
76
76
3,930
3,816
114
2,270
2,384
2,500
2,500
0
0
PAROCHIAL CHURCH COUNCIL OF
ST MICHAEL IN THE HAMLET WITH ST ANDREW
STATEMENT OF ASSETS AND LIABILITIES
at 31 December 2024
2024
£
Cash Funds
Bank current & deposit accounts
30,795
Total bank current and deposit accounts
30,795
(£ unrestricted, £ restricted Restoration & Fabric Fund, £ Mission Fund £ Screen & Projector Fund )
Other Monetary Assets
CBF Deposit Funds
Irvine Memorial Fund
31
Cox Memorial Fund
58
Sale of Langham Hall
89
Investment Assets
197.91 CBF Church of England Investment Fund - Income Shares (market value)
4,576
4,576
Assets retained for the use of the Church (unrestricted funds)
0
Liabilities
0
Other Tangible Assets
TOTAL ASSETS
35,461
NOTES:		 Page 3
2023
£
49,752
49,752
31
58
6,258
6,347
4,474
4,474
0
0
60,573

  1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

  2. The following assets are recognised but not necessarily valued in the Statement of Assets and Liabilities: Moveable church furnishings held by the church-wardens on special trust for the PCC and which require a faculty for their disposal.

  3. The expenses paid to clergy may include a small, immaterial proportion which relates to their function as PCC members. No other payments were made to PCC members.

Approved by the PCC on and signed on their behalf

The Revd Keith Hitchman Mrs Carol Cragg PCC Chairman PCC Treasurer

Independent Examiner’s Report (SORP 2015)

Report to the Parochial Church Council (PCC) of: St Michael in the Hamlet with St Andrew on the accounts for the year ended 31st December 2024, as set out on pages _ to __ of your Annual Report.

Respective responsibilities of Trustees and Examiner

The PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent Examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act

or the accounts do not accord with the accounting records

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

Date: Ms D Roberts 6th March 2025

IE’s Name and address Ms Denise Roberts 21 Kings Close Liverpool L17 9QS