COMPANY NO.. 07817860
Derwentwater Independent Hostel
Report of the Dirvtors and Trustees
and Financial Statements for the year ended
31 October 2023
Keswllck
ACCOUNTANTS
*A081ECR
31107r2024
COMPANIES PIOUSE
A13

Derwentwater Independent Hostel
Index to the Financial Statements
for the year ended
31 October 2023
Page
Charity Informalion
Trustees. Report
Independent Examiner's Report
Slalernent of Financial Activities
Comparative Slalement of Financial Activilies
Balance Sheet
Notes lo the Financi21 Statements
12
16

Derwentwater Independent Hostel
Charity Informalion
for the year ended
31 October 2023
DIRECTORS
AND
TRUSTEES:
John Snyder
Sarah Snyder"
Guy Lee
Andrew Towler
. Lauia Cadman
CHIEF EXECUTIVE OFFICERS:
T. Butcher
BUSINESS.ADDRESS
Barrow House .
Borrowdale
Keswick
Cumbria
CA12 5VR
REGISTERED OFFICE:
Barrow House
Borrowdale
Keswick
Cumbria
CA12 SUR
CHARITY NUMBER:
1145368
COMPANY NUMBER:
07817860
ACCOUNTANT AND
INDEPENDENT EXAMINER
Frances Clark ACA
Keswick Accountsnts
Appleside
4 Leonard Street
Keswick
Cumbria
CA12 4EJ
BANKERS:
Barclays Bank PLC
Market Square
Penrit
Cumbria
CA11 7YB
Page 1

Derwentwater Independent Hostel
Report of the Trustees
for the year ended
31 October 2023
The Trvstees. who are the directors of the Company for the purposes of company law, present
their report together with the financial statements of the Charity for the year ended 31 October
2023
The accounts have been prepared under the prwsions of the Companies Act 2006 and Ihe.
Charities Act 2011. and in accordance wlh the Stslemenl of Recommended Practice ISORP
20051 on accounting for charities.
Goveming Document
Derwenlwaler Independent Hostel is a company lirnited by guarantee and registered charity. The
company was established under a Memorandum of Association. which established the objects
and powers ol the charitable company. and 15 governed under rt Arbcle$ of Assocats"on.
Objectives
The Charity's Articles declare the charity's obj.ects as".
81 the advancement of education,
bl the advancement in life of chiklren ansj young peopÈ by deVelo￿.n9 their $k￿ls, capacities and
capabtlities to enable them to participate in SoC￿ty as ir￿ependent. mature and responsible
advlts., and
cl the provision of reciealional and leisure time aclivily in the interes15 of social welfare for people
who have need by reason of their youth, age, infirmity 01 disabiltiy. povety or social and
economic circumstances. by the provision of educats.onal courses and physical and other
aclivilies," and a550cialed residential facilities. and
dl to help all. especially young people of limited means. to a greater knowledge. love and care of
the countryside by providing a yoijth hostel or other accommodation for them and thus lo promote
their health, recreation and education.
Directors
The direclois who acted during the perKxI We￿ as follows..
John Snyder
Sarah Snyder
Guy Lee
Andy Towler
Laura Cadman
Management Structure
The Char￿tY now has live Trustees_
Page2.

Dèrwentwater Independent Hostel
Report of Ihe Trustees, contd.
for the year ended
31 October 2023
Review of the development, activities and achièvements ol the Company
In the hvelrth full year of operating Dery¥entsYater Independent Hgstel IDIH} our support of the
education sector has continued.
QistomerTyp*
2021111
123
%th•thBe
V&Tto31110122
Twlo31rtor13
¢nLY
Edu¢11￿rtaAdWÈNI￿l*
Aduli
SpQfj5Gro￿P
107%
13%
Loss
.59%
74%
SE¢pndwyS¢hOtsI
760
587
196
4Jx
¥oulhG(oupPrKJ NUI
464
5hthi
5179
Weddin
.>7
)3%
F￿￿¥GrOuP
AthJli
AdYIlfyu￿p
rale
454
41T6
757%
-14
FalLhllhurth6io
63D
.Ji%
5yb.to
1414
14914
13563
>JbGprupTot*s
yg
3170
A414
-5%
4u1z
-2
Our previou5 repurting year 202Jr2022 saw overnights dothling from 7,773 to 14,934, wlth a strong
retum in our Education customer base post Covid. The Cuf￿nt reporfing year 202212023 shows
13,563 total overnights- and these totsl overnights are simibr in scale to Ihe pie-covid levels of
201712018 and 2018r2019 feporting years.
However as a trend, Adult and Famtly Groups make a targer share of lotal ovemights post-covid
than they did in pre-ctswd years. It seems the pandemic has delayed the rebJm rate of Education to
residential localion5 lske 8arrow House. with anecdotal *￿dence that lack of ts.me and funding. as
well as an additional burolen of rules placecl on teachers is changiThJ the appetite for large groyp
offsrtes. 1115 harder work for teachers to make these group stays happen. Also, many families and
individuals stayed in the UK immediately after Covid. but ncw inlernab.onal travel has re-bounded in
the last ￿ years. reducin9 fixjtfall back lo pre-covid levels.
Page 3

Derwentwater Independent Hostel
Report of the Trustees, contd.
for the year ended
31 October 2023
Review of the development, act•vities and achievements of the Company l¢ont)
The summer months continued to show high-season demand for our three pod cabins on the
eastern edge of our driveway - each contributed to heKJhtened use of the ground5 for Ix)Ih family
and individual stays In the summei holidays.
However. sa¢Yty, June 2023 saw the temporary departure of our Hostel Manager Tim Bulcher on
lorig-lerm sickness, with a natuial impact on the Charity's business.
The evening dining seNi¢e land revenue) was immediately closed down as Deputy Managei
stepped up In the vacuum lo help manage the staff team and finances in Tim's absence. The
Trustees went into an 'emergency' mode and met regularly on a weekly, then fortnighlly and
monthly basis On￿ a Gleai strategy lor achieving wder Iransparency on Iinancial, rota. and standard
operating procedures wa5 observed. Tim's absence from work show¢ased a blind spot where
importanl files, log-ins and some systems were not exclusively held on office computers and little lo
none on central cloud storage systems. creating some chaI￿ngeS for L￿th senmjr stsff and Trustees.
A financial admin service was sought frorn Footprints EdUcat￿rn Limrted, for several months, lo help
right the ship and give wder access to bank accounts and invoices on Xero for managing trading
activity to the end ol the year. Similarly Laura Cadman provided HR services to Ihe Trustees and
staff by working adhoc onsite with ihe remaining staff leam, liaising Wlth Tim in absentia and giving
comfort and Iransparency to Ihe Trustees about what was actualty happening on the ground, at sile.
Our Deputy Manager reswJned later in Sepfember, and the replacement who slepped.up from the
team to replace our DLlty Manager. similarty resigned at the end of November 2023. Other season41
staff scheduled lo leave after the high season agreed lo stay on to help the team manage out the
guest b¢)oking$ in the shoulder season.
The loss of our key manager and the close down on some hoslel aclivilies, such as evening dining,
naturally ￿dUCed some potential revenues al the tail end of this reporting year. but it was important
lo gel the basics rvJhl. The financial resvlls ¢Jo indeed show 8 loss of Irading compared to the trading
profits of last year.
202212023 Volunteer Report
In 202112022 we reported 275 Volunteer Hours, whereas in 202212023 we report over 800 Volunlee
Hours. The Truslees. hostel manager and staff would I￿[e lo thank the following for SLJPKX)rting the
hostel in the 2023 summer season"
Page 4

Denventsvater Independent Host•l
Report of tho Trustees, contd..
for thè year ènded
31 October 2023
Review of the development, activities and achievements of the Company (Contl
Name
Volunteer Hours Contributed.
Oane Higgin5
Lucia Prelorius
Georgia Ellis
Jacob Ptsmerenle
Duncan Gray
Sophie Hunlington
Erin Shaw
Brendan Rose
Imogen Carier
Conslanltn Grulze
155
25
95
90
30
55
75
105
125
50
T.otal Volunteer Hours
805 Hours
Special thanks go 1¢ Erin Shaw who joined us as a Volunteer before laking a paKI Hostel Assistant role
beyond the Summer.
A strong hard year
As Chairman of the Trustees I would like to Ihank Tirn Butcher iri partioulai for leadiThg our hostel tearn as
Hostel Manager over the majority of Ihe trading yew. He sel up in late 2022 the full bvdget plans for 2023.
Oespite Tim's absence from ju￿ 2023. the team conlinued on through the high sèason and reported lor the
yearend a £460k revenue for 2022r2023 just above last tra(Jing years £458k. desprte the lower overnight
lotals1-9'A Yony). This is a strong re5uII given some Df the ￿roJmS1ance$.
Inflationary presSu￿S on hoslel costs did result in higher price5 in the bu&Jel pjan. h¥n¢e Strong revenues
desprfe lower overnights numbers.
However Net Income for 2022r2023 Is reported at £-31kcomp3red to Ihe £54k surplus reported in Ihe
previous year. Nel Expen¢Jilure for 202212023 was £4Wk compared to £404k in the previous year. a delta of
some £84k. This trend is also shown in the swing from £54k trading surplu5 to £31k loss.
The result is the Carried Fo￿ardS Surplus at 31st Ociober 2023 is £209k compared to Ihe carry lorward lasl
year ol £250k. This now represents less Ihan hair of the nei eX￿ditUre •) a year. and is noled by the
Trustees.
As Chairman of the Trustees I wish lo thank c¢ur Deputy Nn8n8gers for Stepping up in the latter months of
this Iradifig year, and lor the dedication Of our key Truslees in Ihe lime of need as our Manager Tim Bulcher
became absent from work on lull sick pay. Team turmoil is a hard thing to plan for, and Ihe resilience of the
charily butlt up over twelve years was a strong positK)rTr in whi(* lo offer help and counsel tg Tim and Ouf stsff
team whilst we sel OLrt to deliver those 13.563 ovemights for all our guesls we received at Barrow House this
year.
Trustee Appointrnents
The charity continues to have five Trustees.
No foifflal appoilllm2nls were made ijuring this peiiod. Thankfvlly gui longstsnding Trustees were available to
supporl Ihe charity with much time. advrE and discusston on how to deal with Tim Butcherf5 expected
longlerm absence, the assocrated HR responsibilities, considering the impact and changes for all staff
meinbefs and continued locus on the piocesses and resilien¢e"of the charity as an ongoing busines5 Wrth.
responsibilitie5 to tsur.slaff as well as each guest who arrives onsite."
Page 5

Derwtrntwater Independent Hostel
Report of the Trustees, contd.
for the year ended
31 October 2023
Cash Reserves
Cash reserves carried fO￿ard Into 202112022 were £197k and a trading piofit of some £53k created a Fund5
Carried fO￿ard lotal 01 £250k for the stan ol Ihis Irading year 202212023. A trading loss of £31k brings these
Cash Reserves down to £219k. This rewesents 48% of Annual Income.
Investment Policy
The Memorandum and Articles of Association of the Charily perrnit wide powers Of investment. The Trustees
should invest the money ol the charity not immediaiely required for it5 purposès. in tsr upon such inveslments.
securilies or prDperties as may be thought rrt.
Risk Assessment
The Trustees regularly re*iew the risks to which Ihe tharity is exposèd and consider the Implicat￿nS of those
risks. Therè Is no risk currenlly lacing the charily which ihe Trustees consider swJnifiGant
Statement of Directors Responsibilities
The Directors are required under the Companies Acl 20￿ and the Chanlies Act 1993 to prepare financial
statements lor each financial year which give a true and fair Mew of the state of affairs of the cornpany and of
its net surplus or deficit lor that period. In prepariThJ Ihose financial ststemenis. the directors are required lo..
al selecl suitable accounting policies and then apply them consistenuy..
bl make judgÈrnents and estimatès thai are reasonable and prudent..
cl stale whether applicable accounting stan(Jards and 5talements ol recommended practrce have been
followed subject to any departures disdosed and explained in the financial slatements.,
dl prepare the financial slalements on Ihe going conwn. basis unless it is inappropnate to presume the
cornpany will continue in operation.
The Oirectors are responsible for keeping proper accounling rec4Jrd5 which disclL)5e with reasonable accuracy
Ihe financial rK)siIK)n of Ihè Trusi and to enable them to ensure Ihal the financial statements comply wilh
applicable law, acwunting standards and the Charrties SORP. They are also responsible for safeguarding
Ihe 3ssets of the chaiity and hence lor laking reasonable steps for the prevention and t1election ol fraud and
other irregularities.
This report is prepared in accordance wilh the speryal provisM)ns of Part 15 of tile Companies Acl 2006 an¢J
the Financial Reporting Standard lor Smaller Entities leffeaive April 20081 ￿lating to small cornpanies
ON BEHALF OF THE TRUSTEES
John Snyder
Difector?nd Trustee
Oaie".
aq.01 oo£¥
Page 6

Denventwater Independent Hostel
Independent Examiners Report
forthe yearended 31 October.2023
I report on the accounts for the Twsl for the year ended 31 October 2023 which are set out on
pages 7- 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year, under SeCt￿)n 144(21 of the Charities Act 2011
Ilhe 2011 Act), and that an independent exarniners report is needed.
11 is my ￿S￿nsIbilItY lo..
examine the accounts under section 145 of the 2011 Act"
lo follow the procedures laid down in the General Direcbons gtven by the Charty
Commission under section 145151{bl of the 2011 Act." and
lo slate whether particular matters have come to my altention.
Basis of independent exarniners report
My examination was carried out in accordance wilh the General Direcbons given by the Charity
.Commissioners. An examination includes a review of accounting record5 kept by the charity and
a cofflparison of the accounts p￿sented with these records. 11 also includes consideration of
any unusual items or disclosures in the accounts. and seeking explanations from you as trustees
. concerning any such matters The proceedures undertaken do not provide all the evidence that
would be required in an audit and. consequentty. I do not express an audit opinion on the view
given by the accounts.
Independent examiners. statement
In conneclion with my examination, no matter has come lo my attention..
(11 which gives me reasonable cause lo believe that. in any mater￿1 respect, the requirements
lo..
keep accounting records in accordance with s130 01 the 2011 Act,. and
lo prepare accounts which accord with Ihe accounting records and to compty wilh
the accounting requiiements of the 2011 Act
have nol been mel",
or
121 lo which. in my opinion, attention should be drawn in order lo enable a proper understanding
of the accounts lo be reached
Frances Clark ACA
Keswick Accounlanls
Appleside
4 Leonard Street
Keswick
Cumbria CA12 4EJ
Page 7

Oerwentwater Independent Hostel
Statement of Financial Activities
for the year ended.
31 October 2023
31 Octobei 2023
Notes Reslricted Unrestricted Designated
Funds
31 October 2022
Total
Total
INCOME
Voluntary income
Donations and grfts
Grants receivable
Investment income
4,251
16
1.265
1.265
, Incomè from
charitablé activities
Hoslel income
458,499
458.499
453.500
Total income
459,'768
459.768
457,772
Expenditure
Charitable activities
490,350
490,350
404,465
Total expenditure
490.350
490,350
404,465
Net income I lexpenditurel
(30.582)
(30,582)
53,307
Total funds brought forward
250,026
250,026
196,719
Transfers between funds
Total funds carried forward
13
219.444
219,444
250,026
There were no gains or losses in Ihe year to 31 October 2023
.other than those included atK)ve.
The rtoles form part of these financial ststements
Page 8

Derwentwater Independent Hostel
COMAPARATIVE Statement of Financial Activities
for the year ended
31 October 2022
J1 October 2022.
Notes Restricted Unreslricled Designated
Funds
Total
INCOME
Voluntary income
Donations and gifts
Grants receivable
Investment income
4.251
16
4.251
16
Income from
charitable activities
Hostel income
453.500
453.500
Total income
457.7n
457.772
Expenditure
Charitsble activ•¢ies
404.465
404,465
Totsl expenditure
404.465
404,465
Net income I lexpenditurel
53.307
53,307
Net movement in funds
53.307
53.307
Total funds brought forward
196.71>
196.719
Transfers beMeen funds
Total funds carried forward
250,026
250,026.
Page 9

OepNentwater Independent Hostel,
Balance Sheet
asat
31 October 2023.
.Notes
31 October 2023
31 October 2022
Fixed Assets
Tangible fixed assets
25,133
33.511
25.133
33,511
Currenl A55et5
Debtors
Cash al bank and in hand
10
15,982
290.052
11,749
354,326
3C6.034
366,075
Creditors: amounts falling due within one year
Creditors and accruals
81.862
109,564
Net Current Assets
224.172
256.511
Total Assets less Current Liabilities
249.305
290.022
. Creditors: amounts falling due in more than one year
29.861
39,996
NET ASSETS
12
219.444
250,026
Funds
Resliicted funds
Unreslricled funds
Designated funds
13
219.444
250,026
14
219.444
250,028
For the year ending 31 October 2021 the company was enb'lled to exempb.on from audit under
section 477 of the Companies Act 2006 relaling lo small companies.
The members have not required the company to obtain an a￿lIt in accordance with section 476
of the Companie5 Act 2006.
These accounts have been prepared in accordance with the provisions applicable to companies
Page10

DeThventwater Independent Hostel
Balance Sheet
asat
31 October 2023
The director5 acknowledge theic responsibilities for..
ensuring that the company keeps accounling re￿rdS which comply Section 386
of the Companies Act 2006,.arbd
b}
preparing financial slalements which gwe a true and fair view of the slate of affairs of the
company as al the end of each financial year and of its surplus or deficit for each financial
year In accordance with the requirements of Sects"ons 394 and 395 and which otherwise
comply wlh the requirements of the Companies Act 20￿ relating to financial statements,
so far as ap￿icab￿ lo the company.
These financial statements have been prepared in accordance wth the special provisitsns of
Part 15 of the Companies Act 2006 relating lo small companies.
Appioyed by Ihe"Iruslees and signed on their behalf
John Snyder
Director and Tfuslee
Dale.
g OF.102Y
The notes fom part of these finana81 sL￿eMentS
Page11

Derwentwater Independent Hostel
Notes to the Financial Statements
for the year ended
31 October 2023
1 Accounting Policies
General
These accounls have been p￿pared under the historical c05t Gonvention 3nd in accordance with
applicable accounting standards. Including thè accyuals conGepi. and th¢ Charities SORP
Istalemenl ol Recommended Practi￿1. They include Ihe resulls of Ihe charitat￿e corTrpanVs
operations which are described in the Directors Report.
Cash Flow Statemet)t
The charity has taken advantage of the exemptioi in Financial Reporting Standard No. 1 from the
requirement to produce a cash flow statement on Ihè grounds thal IL is a small charty.
Tanyible Fixed Assets and Depreciation
Assets usetj for chari18bk purposes. with an expeded uselul life exceeding one year, a
eapilalised on Ihe balance sheet. Depreciation is wovided at the following annual rates in order lo
V4rile off each asset over Its expected uselul lile.
Computers
Fixtu￿s, Filtin9s and Equipment
33.34% on reducing balance
25% on reducin9 balanGe
Income
In¢ome consists ofgranls recetved and inc(Jme fmm promolions. accounled for on a receN8bl¢
b3sis Where income 15 receNeiJ fgr a specrfK purpose. as defined by the donor, this income is
classed a5 reslnctéd. Income T2￿1Ved towards the general o*"ects of the charity is classed as
unrestncted.
Expendlture
Expenditure is accounte¢ for on an accrua15 basis. Where it relates to a specific project il is
allocated lo that project as reslricled expendilure Expenditure that ￿lateS to the objects of Ihe,
charity is cla55ified as charitable aclNilies Any le9al of professional costs are classif*d as
governance costs. The costs ol generaiing funds are separatety indenttfied.
Funds
General funds are those where no restrictions have been place¢J upon the specific spending of the
funos by the donor Designated lunds a￿ those lunds Whe￿ the directors have chosen to
earmark general funds for a specfic purpose. Restricled funijs a￿ those funds where the
don81it>n is receive(1 lof a Specif￿ purpose as set out by the ￿OnOr.
Corporation Tax
As a 'not for pfofiy company with chantable status the Company is exempt from the payment of
corpo¥ation tax.
2 Payment to Accountants
The payment to the accountsnts inckKled in ihe expenditure is S￿1t as fd1(W￿..
2023
2022
8ook keeping antj payroll services
Payrnent for preparation of accounts
Payment for Independent Examinal
3c43
550
250
1,100
240
450
200
890
Page 12

DenventW3ter Independent Hostel
Notes to the Finan¢ig1 Slaternents
lor the year ended
31 October 2023
31 October 2023
Restricted UnreStr￿ted Designated
Total
31 October 2022
2 Donations and gifts.
Sundry donations
3 Grants receivable
Allerdale Business Support Gr
Job Retention Scheme Grant
4,000
251
4,251
4 Investment income
Bank Interest received
1.265
1.265
1.265
1.265
16
16
5 .Hostel income
Overnight income
Cancellation charge
Catering incorne
Alcohol sales
Shop sales
Activities
Hytjro income
282,403
10.499
143.668
14.881
5.778
400
670
458.499
282.403
1Q,499
143,868
14,881
5.7_78
400
670
458.499
266.591
14,826
145,311
18,490
6,230
392
1,660
453,500
Page 13

De￿enlWatel Independent Hostel
Notes to the Financial Statements
foi the year ended
31 October 2023
31 October 2023
Restricted Unrestri¢leo Designated Total"
31 October 2022
6 Charitable activities
Purchases
Staff costs
Adminislralion
Marketing and Advertising
Premises and other costs
Inleiesl and charges
Oeprecialion
Legal and professional
75,399
180,509
20,238
611
194.290
4,102-
8,378
6.823
490,350
75.399
180.509
20.238
611
194.290
4,102
8.378
6.823
490.350
70,880
158.628
10,375
1.139
145.556
5,485
11,170
1,232
404,465
Note 7
7 Employee Remuneralion
31 October 2023 31 Oclober 2022
Slaff costs
Wages
Employers NIC
Staff accomodalion deduction
Staff food dedLJCtion
Employer pension
Recruilmellt
183.938
8.624
110.4151
{5,2321
3,447
147
180.509
164,473
7,269
111,954)
15,2321
3,116
956
158,628
The average number of staff employed by the trust during the year was as follows,.
31 October 2023 31 October 2022
No.
Managers
Hostel staff
8 Trustee Remuneration and Expenses,
With the absence of our Hostel manager. Laura Cadmari was tasked by the
Trustees to assist staff with practical onsite issues at the hostel on a temporary
assignment and was paid of total of £4,900 for her interim work to assist the
operations.
Page 14

Derwentwater Independent Hostel
Notes to the Financial Statements
for the year ended
31 October 2023
Tangible Fixed Assets
Plant and
machinery
Fixtures &
Fittings
Total
COST
Al
1 Novernber 2022
Additions
At 31 October 2023
67.583
7.597
75,180
67.583
7,597
75,180
DEPRECIATION
At
1 November 2022
Charge foi year
Al 31 October 2023
35.538
8.011
43.549
6.131
367
6.498
41,669
8,378
5D,047
NET BOOK VALUE
At 31 October 2023
24,034
1.099
25,133
At 31 October 2022
32.045
1,466
33,511
10 Debtors
31 October 2023
31 October 2022
Trade debtors
Prepayments
VAT Repayable
.15,982
11,749
15.982
11,749
11 Creditors.. amounts falling due within one year
, 31 October 2023
31 October 2022
Trade creditors
Advance payments
Olher laxalion & social security
Accruals
Pension credilor
Corporabon lax
31.453.
36.037
10.530
3.950
42.498
43,574
21,838
990
772
108)
109,564
108
81.862
12 CREDITORS > l YEAR
31 (ic10￿[ 2Q23
31 October 2022
Bounce Back Loan
29.861
29.861
39,996
39,996
Page 15

Der¥ienlwater. Independent Hostel
Noles to the Financial Ststements
for the year ended
31 October 2023
13 Funds
At
Incomin9 Outgoing
Al
1 November 2022 Resources Resouices Transfers 31 October 2023
Projects & Restricted fur
Designated Funds
Refurbishment Reserve
14 Net Assets by fund
Reslricted
Unrestricted Designated
Totsl
Tangible fixeij assets
Inve51menls
Current assels
Creditors.. amounts falling
within one year
25.133
25.133
306,034
{81.862)
306.034
181.8621
Totsl ftet assets
219.444
219,444
15 Members liability
The liability of the members is limited. Ew member of the charity undertakes lo
contribute to the assets of the charity in the event of the organisation being wound up
while he or she is a. member, or within one year after he or she ceases io be a member,
for payment of the debt5 and liabilitie5 of the eharily contracted before he or she ceases
lo be a member, and of the costs. charges and expenses of winding up. and for Ihe
adjustment of the rights of the Contribulors among themselves, such amount a5 may be
required, bui not exceeding £1.
Page 16