REGISTERED CHARITY NiIIBER: 1181IJ03 Unauthted Fln•nclal Stat•mon 31 DeGemb•r Insti Flnanel•l rtha Yoar Ended er2 Reportoltho TH￿l0￿1 1 10 4 IndependéntExamln•t• Report ststom•ntof FIRanGlal Acdvttlp BalanE• Sh••t Caoh Fluw Stat￿• Not•s lo tho C•ih Flow Statwmlt Notrs to the Flnanci￿ StAtem￿lI 10 10 14 15 utè lor lorthe Ye•T Ended 31 Th8 trustees preswrt Ih8tr ¢•port Ihe slthenh of the dwlty year 31 DeG¢mber 2025. The Iru51ees have adopled Ihe pmvis•)ns d Ac￿Trt￿9 and Rep￿tIng by char￿as.. Slaletnonl ol ReCLvnn￿th Pra￿ce appI&￿te lo dW￿leS prepM"rvJ thtyr accoun16 kn acD)rdan¢è wilh lh8 Financiaf Reportmry Stand8fd Appk•tJle ii the UK 8nd Republc of If¢land (FRS 102)18ffethe 1 J8nuBry 2019). OBJECTIVES AND ACTMTIES Objective5 and alm¥ Th& purposes ofthe In¥lknta lty (IFSP) are: To advance educalirm) for Ihe pubK¢ in of phlhnthropy. enobli)g ¢hathl8s and other nonprof l ix)thes to incttase thetrfvTrJlr4 to furth¥lheir dwiitsble purposes. We do ty.. Conducllng re5e¥ch Ihè lens rAplNlanthr4ik psyththwy knlo phdarthrop4 lundrdsln9.' a￿[ Provldng educAtion. ar*1 suptrfwl to ￿atrA8 a8 stakehdd¥s to uullze the erwgity4 yaencefvl we olherB gBneralg. Th8 Inslitulg oxisls to wow pwsenaly meanIn￿￿￿￿￿1￿0pY aroundlhe wryld do so bylogJ%ThJ on deVek¢F￿ng tho sdence olhow peopl• love others and love them5elve¥. Wlhe experience of phllanltr¥opy n be made Thye meoniThJfd. we hyp(Ih*siitsthat indiwdualswHI l1￿ m(Ke ￿¥6 for Imger. Currentty research programs lo￿ on the s(aence ol ithntity. IOVE #nd wdlbelru and we gonerate ory whkth we ihen tesikn fiebj expBri￿nISY￿￿ chwi1g$ and other nonproftts 8round the wolld. W8 tI￿n publish our findings In ¥XdemiC￿8l$. (Avn re5￿Ch rowl seii8s fyyhich is free to download) so that others may Iho ideas. We *0 th55errirto18 Il¥$wrxk Ihrough seth cA>￿erenCeS and event4 global￿. In 2025we presented Idityiaw 0rfa¢trI￿f￿1 at based in Ihe UK USA. Nixway. Turkey. Canada and Austrdia. We oller a ol dig1ts1 l•arr￿n9 packages and C¢Ftthcate cour¥e8 whlch Show￿&8 thase hleas and leach paJfjdpaNs howto use th¢m. Thg In5Ulutg WW also menior charitiesln0￿r0fits whowish to switch to a commL￿￿Xl￿)￿s approath, based on phK8nthroplc p¥ythdogy The creatt¢n olnew $d￿l￿￿￿eSe￿ch the ofour fjndRI￿ b& th8 cm olthe publicbrft we provide. Our Irustees have been tssued vAth copws 01th8 guidanc8 issued iy the Chaiity Commlssion on pubk benefrt. Suth 9￿dan￿ 15 also wtdad to new INsle25 as part Induction woces$. The Bwd lakes Ils r¢sponsikn1￿es in thi5 iewd very $er•)usty and 811 Our adNifjes arn conslstenlwlh thal gujdarfe. The IFSPS adMtle$ are T￿l¥*d qu¥terly by the fill bo¥d 9uwJed by A"mWon SU￿¢0Mmitee. ofu full board whose ioie is to ¥hape the ovdvlion clour pu￿￿ ben8f& adith and inforni our $tr8tetycthknklng and ￿an& P*Je 1 liuteforSystsln4 r End•d 31 ACHIEVEMENTS AND PERFOIIMANCE ChaTllabl• w¢tiviti Our aclwtties group three tfood headkvJ$ l. ￿entIr￿ Research and Pubk8l¥Jns In 2025 W0￿ContinUed on thB fifth ofilur Rothdg8 knxtho(*'FLmtha*ng M•agw*nL Anolyth, Plannlng and Praclice.. We trxp2dthattextto be pub&slLed laté AU￿rnn (Fall) ￿2020. We publighed a new slL* ofme8MWI rd8lton* knndolkns. Wè lo l]nd a wb115hwfor Iha th In 2026 We hBV8 also been forAJseil on Ihe S¢￿¢￿ of I￿e. set)Jring parlners loworkwith us on the kte8t rwd of fe5eaTch. Love ProioGt2.0 aim510 capture hrmf love is C4Jff￿ty eXperI8￿ed ty d￿rIy donor& the tharacleiisliGS tyl that104Y and hrM I n¥oht bè deep￿0. We are a180 dav￿0p#Vj o Globol Love Indexwhrth track gjmmuN￿IknD& from a sample of nonprofils local col￿1￿"89. We seek lotrackthe laktrvp of PhlPsyth Ide￿ and the d11e￿AGe thal can b¢ Maklng IOF w9anlzalions and don(ws al￿1¢. To wkntextert aroffja￿Z6knS Stthkng the km￿$ ofthelr Finalty, we are worknng wlm FurMIr￿&ng & Ptrlllanlliiw on an Avstralan (rf Vthal Makns Fwdralws T5ck? We wll lo1￿ at hw kndraiws exp*ience love ￿ Ihew day to Ilay prath wvj ¥rfhat it WO8thal first tr￿gered lo fol In fovowlh thè ytife5s•)ri o11undwi￿. ¥w QT lh8 ¢aus& 2025 wè had th6 fowng im￿rt. 40 indi¥iduals ern?1od In our erty level fundrais1￿ thst-the Fundiaising Standard 69 IndMduBis partidp8t¢d In C£rUftcate in Phlanlhr¢¥4B P$ydJ(4woT Certlll¢a191Tr Fundr8i5 Copywfitsng. 17 people partldpat￿ In owcertifi￿8 In Logary FuKlra15sng 1 p80￿e allerhded ￿r$peakIng engayements forthwd as theAwo>Olon of FuAdraskng Professionals 45 people p8rtttypated ￿ ow Diploma in FUndraIsi￿ Managemwrt ryoorammes Our web5rte had 9.51B aclive us8rs. Somo 5,861 ofth05vwere new u$8rs 104 peop19 •ttended o w¢JJrammewe devdoped for Colryado Gives. Thb h￿depth tiAoring the Opp￿Ca￿an ofphn#nlhr* psy¢hdogy irAo funth¥l$h¥o￿￿￿aIiorn. A$ oullined gbo¥e, Ihe Ins￿lUte woths wllh drèrts lo heb Ih8m embed nw apFYDarhes W donor c¢Jmmunicalion basod on our pNTranthropl¢ psychL4ogy ￿1r￿1[AÉ5. In 2Q25. orgonlsalkms ser¥•J i1￿￿ded.. UK.. RSPCA UK, Panu8*ic Re6e8rth UK. Mac4nU￿ Caw 8￿x￿1 {w*¥Jned as ofyet} nada.. the British Columlma Soctety tr IhE Preventm ￿ Crudty to An￿al8 (BC5PCA) U￿. Union Re¥￿e Mi5Ston IURMI. Leprosy Missiryt lrtematknnal. Cw8 (Luthwan Reh'eo. Colwado GNes Foundallon. In8lJufflentl. lfjnetic 4nd Bltsomera Atjslralia: Arwnal Welfare Leag￿ 5OLth Austraba, kn41 Wewafe Quee¢￿and. CarAeen. Austra15 GlobaF. InlEm*ional Fedwalkn dRed CfQSS.. Awj lo Ihe Churth In Need WCN. kntern8Jon¥l officos) Page 2 nthfo r Ended 31 ber Many ol IhEse ￿rtne￿h1Ps LL8 lo coknl exFth*I d* Canth￿ be iewrted Inthe methanisms we desaibe aly A5 8n examph. we have ￿￿TkedY￿ AIAL kn South Austr4la 2022to commwlE41 Strategy lo griyrt love for wlmafs18nd other INtnansl in their dorvjr base. and kn doiig so, to develop mNe 5uslaknable wwwne5. Ow partnerthy ha5 Feached a poht ofnot Rnplemwth ¥thi￿nthrOp[C p6ychotOgy. on Its Us8 as the rAgani5atknn's knty* oflheh donur b In a ￿cent tax app¢al, th6 organisat￿ grew gr¥iNJ from the donaT5 ty 9% lapsed by 20% ared wlth Ihe previajs yearfs appeal. By anAB splt lest on donation foTrn, the team also OFlI'mised copy u￿g Ieawwws from the donty compkted wth u5. The ap￿] had a 54% I￿g￿r aveiage donalt¢)n when a ccrfnpujlonale lU￿based conn8dedness siatement was added as a Bdlno lo the dLwlk¥) fi¥nL We hav8 now 8xpand*d our PaFtrershp lo Awl in and be￿ th• ubhou5e traIr￿Tha oflhe Queensland team ahead of SVPF4Ntw wvey les8￿ laier Ki 2028. We wnllnue to Goach ¢h¥ilie5 through weblnars aThLI in-IMMtse trairiwN lo m#lmrLe Ihè valu¢ Irom thdF lèaining and fijrther peMttale Klggs from PhllanU¥otAc Ir40 thetrwo FINANCIAL REVIEW ReseNes poll¢y IFSP Inlends to hold thre• ¥nonlh$ olal expendnurn pth ¥ Ilv•è rf￿h5 *aff eosls lo 8lk)w th¢ 9anryaIk￿ ts adapt to ￿Y dIar￿$ ITh Ihg inc(m8 cf experMliturE clthe organEalion. Th8 IIustee8 8513bllshed £2￿ 000 as ￿ taw (or ￿. base￿1 on Ihe 2024 ftnancial reporl. This tsrgel ¢ash resetves was met makng it to con8Sd¢rthe apwntmBnt ola Pmwamm& (>>eralionE kl8nager In September 2025. We hopo tg ￿ abh to wJgrnd• thk% iothat ofa COO oi the 18 mcths. WÈ also Iookfing atth8 app0thtm￿￿ CEO. The risk wofile facing IFSP #ftd resulanl rfsk th*awed in the GlendarY￿r. The btggest IiBk lo thè Institule rtmans Ihe i¥A¢nlal bm8 dono ofthe team. STRUCTIIRE, GOVERNANCE AMD MAIIAGEMeiir cO￿rnIng dDcumenl The IFSP ￿ a Chardabk InrArpornW {CIO) a c(Thlittrfbm as #s g￿Nn9 documenL The Board of Irv6tse8 d*rity. The 808rd meetsquartefly and u￿r9 are Sv￿COmn4ileeS awer￿9 go¥ernanre, miswon (pUN￿beneft) and f￿ar￿Alau￿t Thè Board also oppolnts o ￿reCtU to M￿age day.t￿dry L¥JeralwM dkhe Organtzall￿ and ￿J￿8￿ty thls role is 5plft belween PiofAdrla Safgèant and ProfJen ShBng. To farAfilot6 effective cyeralkns. th8 Dwèth(s} have d¢te9aled auth￿ty. wilhN th¢ tenv¥ of dele9aliM apwo¥ed by the truthe$. lor m otters kncludkng fironce. empioymenL tèacNn4 arrfl resowth uJir8nUy have 8 tru51ees are pern*ed lo appoin( a Maxinl￿ 0112. Eath truslee wil nonnalty serve lerm ol three years. are attetwtw 10 51aggerthe brnekne olthèse ¥P￿ntmen￿ ￿ enswe d slatsliiy. All cuirenl ofth8 Board are encouraged to rtonln* new *u5tees we oocaspjnalty adver￿Se theae roles as drcumslwKxs requtro. Vle we to aGh￿l9 gTeaW dNet51ty in o govfjrning Board and atgworw tchvard that goa. Nkwtrus140S ¥¥kW undMgo to ivietlh*n on thelr W ¢)blvJ81k)ns ￿der Iw, the Ch•FIty CommlssNJn guidance on public benefft. conlenl of(w eon51ilullon, Bowd. tts Sur￿￿￿T￿lle8$ lio d8rASion￿kln9 proeksse$ and lh8 trtjsthess plan rel￿ pasl perfoimanGe olthe tharty. C￿￿endY any n6w tsu51885 bè lrnluded Twmlety. PwJe 3 otth• Year Ended 31 Decem 2D2 REFERENCE AND ADMINISTRATIVE DETALS Reghtered Charlty number 11811X)3 Prfnclpal addm# The Phlanthropy Centre Vn& 12 Plymouth Devon PL4 OEG Tru8tee8 Dr M8Ul*w Noykn(BoBrd Clw) DrJanè Hudson Dr matt￿ 888m NvJel Hwris Christiana Stefglou G8uri Kfjar4lik Valerle Pletcher (ApOnled 13 No￿rnber 2025) MaT¥anthi O'Dwyer (ApP￿1￿8d 13 No¥ember 202SJ JaTr8 8itths IRe51gngd 30 Aprll 2025) Dennts Fois (Reswned 30 Aprl 2025) Ind¢pend•nt Examinor Mander Ouffil chart￿ed Acc￿nI￿¥ The Ohl P05t Off￿E 41-43 Marw Place Chippenham 8hwe SN153 Apwov¢d by othrof the dtruslees cn.-.... .... .. nd ¥luNI on ts bthattty. Dt M Nayior- Tnjstee ende Ex8 neVs Re ori to the Independent examlnefs veportlo the tn5ste￿ ol InstRui* lor SuJla1n￿l• Phllmthmpy I repod to the Gharity Itusteès on my &xamln8tlon d lh& aOX￿￿ts ol In$litutv tor &J5ts1nBblo FYilaHIMopy Uhe Tnjsts for Ihe yewended 31 tlecember 202& Responslbllltl08 and ba$ls of Mport A$ the charity trustees of thg Tru51 you are resp￿￿1￿8 Sx the W￿rab)n ol the acc(￿8 In 8iwdanc8 the requSremerts rfthe Clwlw Ad 2011 CthelAO. I iem kn ￿SpeCI ofmy ax￿￿all￿ olthè Trnsfs accwils c4thed ￿d￿r Socr￿ 145 of Ihe A¢1 and In Caryiig wl my ex￿[TraI0n I have folkAved al aFWkabte D6redlong gbMI by Ihe Charty comm1B$lr￿ under Secbon 14515)(bl of Ihem. Indopondent examlnefs ststement Since your chaiily'% gtvss Ino)m• eX￿￿ed £2￿¢.(￿ oxarthw m￿1 ts8 a momber of ¥ flsted boty, I t4n confim) that I lo undertake Ihe exavMTrabon bews8 l am a of lh8 AS5rd0t￿ Chartwed Certlfied AcCC￿￿1$. is one oflhB 13led brths. I havè ¢*mpteted my exaTrwnatKffi. l ¢onlkni ￿ no mai¢tiat m&ttws hayB L¥)Me to my 8ttentson In connecllon with the exaT￿￿all0￿ gfvkng me cause to th* In any Ma1￿0[ Tw¢t 8woth)Ung reccrfds ¥Yere not kept n reEP8LI rftr*Tru5t a¥ [eq￿[￿l ty s￿IlDn 130 of11￿ Art (Y the aceounts n• ANALY51S OF GHAIK&8 IN NET FUNDS A1.1.25 CaBh low A131.1225 Net ca?h Cash al bank 32&161 330 134 ￿151 328.151 Tol*l notfjs frym wl flltmse fffl4K4al Stat￿￿nIS Ilot•s lo th• Fln ndal ACCOUPITING POUCIES Ba41s ol pr•parfng th• flnanclal statomgnts The financ1￿ 818t*ments of the thaiity, wlich 18 a béntr￿ •Ehlity FRS 102, h8v8 been prepared in ac¢c￿al￿ wi¢h the Ch¥thes SORP (FRS 102)'AccryJr%Un9 and Ropoitit¥J by ChaiitVd5: &alement of Recornm￿dgd Pr8cIKe applKab5e to cknarties pY•par￿ thelr a¢￿1Th￿ In 8ccordar*g lh8 Financial Rep￿Nd s￿dard 8pplcable h Ihe UK and RepMlJlic ol Ireland {FRS 1021 l¢ff8clive 1 January 20191,. FknanrJal Repomlng &and*d 102 The Fthaudal Rewt¥w stsndaid ak¥ll￿ab￿ In lh8 UK and RepuLqic ol IrdaThJ' 8nd Ihe cha￿•$ Ad 2011. The finan(ial 8tatem*)Is Incorne All Ineamts ￿ rec4)Qn18￿ in ts StstemeJ)l of FinanL*al AGtibkns or** the hp5 enljdement lo Ihts (t Is Ihal the irK•Th* Thil Ihe bB me8s(mJ ￿lIatsty. Expendlturè Lk8bilille$ rwls•d 85 vxpenthro 88 sfy]n as IB a legal oblp2?bon ihe fjharily to Ihat &¥pendkne. rfls wobabte th*1 • tronsler of t￿On0￿1r benèffts ¥￿11 be fequiled in 6etkmenl 8nd thè arnumt pf ijblvaatlon ¢an be measured r8tlably. F¥￿IlUr8 Is acctyjnted for on an awuak basil and Iw be¢n d¥8￿¢￿ undw Ihal aggregate ￿ ¢osi rela*d to the calegwy. Vthere costs canncrt t* dkectty atill￿ted to partp)Jar headng5 they have been alL￿ted to a¢Xi¥*le5 on a basls rA)rtslstsnth*h thè u8¢ of resouFrA. Tanylblts ￿sets . Oepredauon Is wb¥kled at tha fdlttAhvd ar4Mwt rales In ordw to vrte off eath as8￿ ovw tt8 e$lIMat￿ usefL¢I We. . 25%on￿l Taxatlon The charmy Is ex8ryl from lax Ils thwitable Fund accounling Unresiricted fiJn¢J5 ￿ bF In ¥¢(axdo￿ wlh the f*awiiailE d¥thes at Ir* tli5uellDn rf Ihe trust￿ Restskted funds ¢w 0￿Y be used for pwtthar r•slrided purrAX8S *itNn the objeds of the dwity. R85tFktlons a￿$1 when spedw by the donor ty Wh￿ fund5 are rats8d for padiELAar rnsirided purposes. F￿er eXpl￿1th of the nalure and lund Is ir*knl8d In lh8 nolo8 lo the fnaTthI P¢nshx) costs and olher pOst￿et￿re￿IellÉ b•nofils Tr ¢hartty opwales a defined contr11xrtK￿ pen¥on sth8m6. Contritth5 payalA• lo the pension scheme Ere th*ged to tr* Stalemgrrt d F￿andal AthU•s kn Ihe P￿￿d lo they r¥l*. Pag8 10 for Not•8 to the Flnartctal S d 31 Decemkn•r 2026 DONATIONS AND LEGACIES 31.12.25 31.12.24 28,857 INCOME FROM CHARITABLE ACTIVITIES 31.12.25 31.12.24 Sc¥enific Te$eaTch Education tra.rfng 47.707 346.757 3B,920 252.497 Edi￿110￿ and tralnlng CHARITABLE ACTMTIES COSTS osts (see nrAo 51 Educ*lon and Ir¥ SUPPORT COSTS 135.673 TRUSTE￿ REIAUNERATION AND 8ENEFtrs ro no r￿￿ThaT#￿th bwfrts *Jr th& year •ndod 31 Delxmbgr 2025 nor f the yw ended 31 Oec¢mber 2024. Tru8teM' eMPQnS•• Therewere no trustees. e>wws p8hstrthg￿ endBd 31 Ihr*mbar 2025 nLYloi the year ended 31 Oecember 2024. Paga13 eonimued... ablo Pltha otos to thè Flhancla - conllnu•d lgrthe Y rEnd•(1311>g¢omlw 2026 STAFF COSVJ 31.12.24 31.1223 Wago# salaiie5 lal 8Kui*iy Costs Other pènsion ¢g)518 271.693 25,462 4.138 301.291 The average monlNy Th￿borOf¢￿bye•$ Ihjthg the ye4rwa¥ at t01r￿. 31.12.24 31.12.23 Number oferybyees LaJrfTha Iho ye* kn employees recetved total empToyee benefiis (ex￿￿ empkni¢r pen6lon costs) ofbeh¥88n £80.000 ￿ £IW.OD)12024.. tsvo wfvJy¢e8 E90,CQO io £IOOD)O). Pag• 13 ￿￿￿nued... tlt tsm•nts ￿ ¢Mtln TANGIBLE FIXEO ASSETS Ilpmgnl COST At l January 2025 and 31 D¢(wnber 2W25 DEPREGIATIOM Al l January 2025 and 3108cember 2W15 NET BOOK VALUE Al 31 0￿ber 2tr25 At 31 Decem￿ 2024 DE8TORS: AMOUMfs FALLING DUEwrrHIM ONE YEAR 31.12.26 31.12.24 Tiade detrrtors 34,088 3.113 CREOJTOR&' AMOUNTS FALUMG DUE *IT1￿ ONE YEAR 31.12.25 31.12.24 Trade Othri¥¥dlltys 8.656 4.820 The Charity we Ilgd in to a Ilwe8 year CL¥ts* Convas (th• tthK&tiwo1 pknfform). 2028. they are cornmltted ￿ P8y£6.36 11. IqOVEMENT IN FUIIDS Al 1.1.35 funds 31.12.25 unmstrfct￿ funds General fvnd 321061 20222 246.083 TOTAL FUNDS S.B61 Nel mobw•rllnfunds. 1Th1￿1¢d ab￿ fLts¥. )rn9 Resourc•s Movemenl resources ewcndod fund$ Unr¢striGt¢d fvnd• Gen8ral IL 4Z1.321 (4M,099) 20.T22 TOTAL FUNDS 20.222 Pagc15 • fors￿lI1n•b an th• Y••rEn men 31 b•v 202 11. MOVEIAE14T IN FUNDS- coniinued Gompamtlves tormoyemort ITr fvn Net Movemgni vifund5 Al 31.12.24 A1.124 UnYÈstiict•d lund• 486.781 (160.920) 325,881 TOTAL FUNDS nel movement bnthe above Bre 85 fol kncOMtr￿ Resources Movement èxpendgd In Unrnstrlctad fun4$ General lund 294.880 {455.800) (160,920) TOTAL FUNDS 455. A ojwml y8ar 12 mlykn WKI prior yew 12 mrrtis comt11￿￿ as folow& Not movem8nt lunds At 1.124 31.1225 Unrestrlcted fvnd General fund 486.781 LW3 TOTAL FUNDS 140 698) 340 083 A ojrrent year 12 mcqrths •)d fv year 12 nBI rno¥•￿t in l￿d& indudèd in thé alxsvg arè as fclows: In￿￿￿j Res￿rGe5 Movernent res(ww fjxpended in funds Unr95trkted fvnd Gvneia fund 716.201 1856O9W (140,6981 TOTAL FUNDS 716 201 140.698) Poge 15 ¢tx)Inued... fo Mot•s th• Finan r Ended 3 ni8-conllnu•d Cem1￿ 21125 12. RELATED PARTY DISCLQSURES P4e 1fj Detsiled Stai•menl f Fln nclal Aetlvlti fNthoYe d•d 31 D•¢•m 31.12.25 31.12.24 INCONE AND ENDOVdTrlENTB Donallon8 kg4cle• 28.857 3,483 Char6table llctlvltles Eduration arml Irainwig &ienbfic rese&ch 346,757 252,497 38.920 394.464 Total Incomlng resoyrus 421.321 294,880 EXPENDITURE Charflabl8 actl¥lll85 Wages Saual secu￿ty Pensions Advertis¥)g TraVel￿￿j Computer Expenses Consulllng 18e5 Semce fee Inlwesion lax ￿ld late 166,2eo 10,815 2.976 3.992 219 1.4Zg 3&381 14.977 193,898 16.ogs 5.025 40.976 2.096 39.758 15,729 127 259,769 316.758 Support co•i• Flnance Bankcharges Other 97.767 13,52S 98,162 12,291 870 804 1.849 12,979 8,190 2,397 Social security Insurance Uohl and heat P051age 51alionery s￿drieS Rerrt Cornputer ¢qWPmBrrt 1.025 19.061 209 138,177 134,842 Gov•rnanGe co$t* AC￿untanCY and legol f Accounlanty fB05 950 2.340 T￿al resour￿$ eXpp￿ed 455.8CKJ Not In¢omelIox￿nd1IU19D 20222 160,9201 This page nrtfcrfm wt sfaknk)ry f￿a￿lF1 $t*ments Pagg 17