For Tho Yaar 4Jl 1 Darklake V*w ofth8Ft F rTheYe8rE 2109 Audliorf8 Rèport 10t013 14 B•knn¢è Sh• 15 16 17 181026 •nd Inlstrative D*1 L Jatknt {Ch￿nn￿nI KC W morg￿ CBE (Dèputy Ixnnanl J Partw Ct 0 Thomas IrestyJned Novembera1241 C Parker SLam DrJ Wliheys {8AlOtnted c*tober2￿) S Wilkxps lapwnbj C#ober21Y25) Barn FoTd Ktry5b[￿V TQ7 2LN Harscomb8 Ho￿@ l Darkkke Plymoulh PL6 7TL GrouNJ Sall Quay 4 N(irfh Easl ￿aY Ptymwth PL4 OBN RBC Eury Ltm London Pagè 1 Th Year Ended Thè TrL￿tee$ preserrt1helrArW￿ Rel￿ and Aeeotmts lortheye8rended 30th thjr￿ 2025. Thèflnarts statenwts have bg8n F¥ePa￿l in wlth the ac¢iwntiTrJ pollGie5 as set oul in notè 1 and compty wtth the d￿rity# tnJsi da8d, the c￿rIbES 2011 and the sW￿llent01 Recomrrerxled Pracoca.. Ac¢ountiro and A8Wrting by Charfdes preparing thelr accounts tn aca)rdarto Mih fv FInarri￿ Standartl •FfraL4è In th8 UK aNJ ReWtI￿Of Ir8larKI on 16 2014. Oblectl¥89 and aw The 0tr4* ¢f ttw thartty ￿￿mIn. 2 To ftIr￿ forctrarllth rAJrposes. tet1￿ gerEr81 or T￿t00￿ I￿Ve parfkular Inter881 In grarts to organL8atkyL8 rÈwKing start fur*ts in both the Unw K5rrfJ&Jm overseas. guida￿* on publlc ben8fftwhen reviwry the TA￿ts aTrJ toithes arKI In planniNJ future ethiiw and sstting grant mthfig Oky lorthe year. The Trustranfjes O￿theSe otriects by funthrvJ ofollw c*Hui*)knorggnisththat are rLmntng wOl￿ts that rneetthg thorit￿¢ 0￿eCtIves Lrf TnJsL orgakn speL4fic ￿¢C ber￿fftthat It￿1r pr¢l$¢ts mggt $ky)Ym ￿￿p￿T in 5. OBJECTIVES AND ACTtVlTIES D•llv•ry otpublle ban￿ tltrwgh theTrugVg grant rhwklnA pollvr. thjring thls yeartheTnJst gJprKJrted 17 wruetts (a)24: 101. otllwe" 4 (2024.3) weTpforlEalth. 6 (2￿£4. 31 w for thallon. 112024: 11 were ILY Iwllh and edLrnton. 1 (2024.11 wer8forenvironrnwLt and heajth, 1121Y24'. 01 W8re for e(hJrAtion envlronrrent. 4 12024: 21 were lor and health. There were aSSiSlwth: Haatth: To defNer8 surgi￿[ cany in 2025 In a hth al1d￿l&. remots wkN) of Nyl on the r￿Yan Bango fr8• (ai8Y8CtgJrggry to most naady p￿pIè. SUPF¢Xt avalable to people In the Sullolk and Norfc4¢ areas wtry) aTe sufferiHg the traurna ol thg ol af8rnily rrwthr from by train￿ Tnore cc*￿e￿ èrwl Feer rnenlDf8. To d￿an*1. l)w Ir￿ fam5llesand Fwsnts in cfi5i5 A8hford Ker vthere a rn*r IFe evant has s[gnI￿ IMp￿d on thè health of achihy or thlhjrpn. ¥vè to preonant to the rfykof Infacbtin at blrt supF*xI government tot*e dini¢% to remrAe njrd communllles in Edu¢atknn: RevitJise 1mpov8ristr￿l sdxth Tn Ven8￿￿a by prowffjng SustaIn￿e. dean wat8r. tra￿rOr[llln￿ F4aygrDurMk irtovfrnt sp￿. and fadFltatlng Workshops to To b￿d agr(*Jnd floordassrr*)m t￿￿(th1th kn nyon% Ihat*AII en4bttr th￿ren *) lake thelr lrtmsè and scdè up the rmMn￿r0[ onb1￿ EryfBh raiwse5. taught by Afghan refwJees In the UK. totra¥i the glts aged 1+20 rjjrrenty on tsfjrwalung IW in Afghanistan. To fu￿ equipment foran dec*Kal workslw. office, storeroom arnl Ghangir¥ for girfs and tx)ys al BaworD w￿bOn* schs)J kn the Astonb wk)n ol GtAn< slnes studan are enrolkd cour8es tmrt h￿8 m equi)rnenL To SUFV)rti￿(￿4Iy￿ Lrf how93 atourxhx4s kn Basakhdl a￿1 Chheskam In ts Everest regkn of Nepal. To build threg 1ary9Jun￿r School Classrooms tr 150 chlhJren aged 11-14 at the BrigMings•a in thè ASh￿ti Reg￿n ol Ghw and to bulkl up lo the fjrst Ilc4Jrfrom [￿ground Ikmwso SI￿ts 8Th1 t*hern ¢art &Ke5s tho r￿1 classroorns. The strat￿Y ts kn ÈÈt •xI pkysckn that1￿*th Cfjsab￿ chiljrèn aThd delw8r nutrtbous meaL4 and Me(r￿A. P￿Ent￿ aTxJ e(JLK¥ion￿ sUp￿rt at the play cenires i Afrtcan comrnuniUe5. Thisgive5 L*ikJTen act1￿￿ to flourish ￿ asafg enwronmenL Educ8tlon.' To c(rtstruct a grovrM*YaterMEII In uga￿ lor (P￿ 2￿)0 peoplè, 8ddrpssin9 thg crtll¢ need forsafe ￿ clean w*rfcf dtithry. cti*iryJ arxl (b)meslk use In a corn¢nuntywhèrè lh8 cdy p4)un% is ￿)ntaMInat H8atth & Environment Pag93 Educabon & Envlronment To de¥ekw a •ag8 crf fJ•8thv• for prlmary sth¢x45 in East An91￿7 that ddfver key mes8ages dknat& arKI enha￿e yC￿g peorlè's undersiandlThJ ol th¥r agentry kn erea*vJ a rnore fukn1￿ Th8 eommuiuty proigcL part of a mvlY-cofTrn￿5IOned Ope￿ creative res[￿￿ io th& cllmate Cris￿ whrh c*brates the olyoung peoF* ￿ TRAI 360 ¥yimw 8¢hcol ¢hlldren in fve Haalth, EthKation & En￿r0n[ne[rt secxJn(tsry school in Zambia. ac£rynrTK>dating 10B glrts and sw￿J50￿, a￿0￿mOd￿￿On, and Fjso impriNesWW l*b95 IDr 180 fenwle s￿￿nIS. slaff and loc￿ women. cortrtxJPo ts ttwlmftmert￿ re#ryatiw, din¥le wlllence arKI 8USt&rwtle *v8lknods. To wort a liti￿$ Syst￿ at a Chh*en in Kiiirnania￿ Taroank, 88 th8 goy8rNnth l*s banned the of(*arcod In pubk trAltthng& This &year woJerA In T*nil Nadu Irth wrr6 *) k*)vety and ¢hange In ￿￿￿nariS￿j fwrniNJ fac￿ risiThJ cyjsts, resourtè dep1a￿On and eThatic ft1￿1. acommunlty*J appr￿￿ ts god ts to ewp S￿) marginaltsgd farmer8 and thetr TAith 1he skML8 r8SaWt*s necessary to adaoto environment ch&lenge Page 4 rtofth&T Grafibna￿nq Thè Tnjst hag Èstabllthgj Its grant rnakR￿ lo #8 ciiecb hjrtre b￿fft of HO￿th. Edwlk)n. Populabon Corttral and the Ermronmenl Tre Tr￿tte5 revkni thè grant maknJ onrnjalty to eTwfg that It reflects the ch8rWs [￿l￿tiveS and ttweby pu￿￿ benoffll eorBiders these appllcatlor&g der*fes ￿ether to make ￿ granL Thè Trnstaas ￿er￿e fdbw up raports on thé prtyets for whlch the wt vrds made. rgp)rt8 are sattsf&knry any grant bala￿ rnay yearfv Trustees s￿9 lo rflstri￿ to th￿8 a￿￿(410n8**fi￿h meet ulterfa. Nl 4*a)"orF arè corns1d￿Ed in dgtwl and. provthjlhey ￿ acceptth, aThJ meotthgTr￿rs ￿￿de￿ne￿, thaTr￿kn 9r4nts sutleclto thero baino sur￿￿én[lurMdS 8valatrde lorc8slrtth. AWEVEMENT AND PEAFORMAIKE Monltorlnu a¢hlgvern¢nt The Tntsta85 r8rgive report3 M eth tkn to tha TA*18 nattre of our and tho c4ran ran￿le areas In which thè wtsrk is urthtaken ￿sits ty Trustees to cl￿* tl* progTe8s of thes& progrommes ￿ r8r#. Whare PWticakAe and feaS1￿e projects a¥e ￿ by a Tnthg. Th9 it Is further mlnlrnl￿l t£(*55e Iho TTUSt pref6ts to support UK chariikgsthal are t￿N￿1n9 tenofQov8w¥ lh￿ *T4)orUng overseas d)aritt&. TIKP Twustees feel Ihls asslsts th& monttoriw of pro1￿ Photogwhs and FXW rErth3 we ￿ mth 80W(* of monknrfng. malrttatwj IhYWout wilh ts charftat4& Org￿L*#tkJn Ilwhwhth thg Fln8nclal rovley. The Trust t8 rejianton cawkj arn1 by ll5 irhve5trwts tecwe Itdoes ￿￿t Lxthrtats any fundrajslng. Tho annual r8ak58d pns w8r8 ￿￿220 12ir24: £1￿(￿ aThJ It¢ unreaW 9&￿￿ were £154m 12024: £647,323). Th& tot* retum linduclng unrE8fLqed gwr¥l wa5tlwefrKe (W24,. £795.3151. Th8 irtcorne generated from the invesbnent KN)rttDfio was £101.w Ia124..£97,￿l. From this I￿om9 and thè net gains from ils inv&8trnents. the Trust paKI out grarrts of W65.712 12024.. £87.9391. Govwlla￿ raxts Onc4uded wthin expeft(tiknre on charitable athitiesl ar& £12.48912024: £42811 St¥wt c￿￿ts arg £11.077 {2￿24. £7.2511. anij inv05trnorrt managernent costs atE £62.709 (2024: £49,140). Costs ol rwsing ￿haL?SSa expenses) arg È1.867121724: £3.0491. Fundrnlskng 8tatsrn￿t The Trn￿t d(￿8 ra￿ lunds frorn Ihe aThl ttes not ￿)b)Y fu￿1 w8i*ng street lundt3ts8rs or undeloke te￿Phon8 IthKI r8Éing pff¥rarNq. knvfjsknent pollcy and Pwlorn￿rtta The Trustee's Investrnerrt P￿¢Y has teen kn WE5UV8 vakp of (fF47eUonary Inwgbn8nt rnan￿TS mwnly Invest in managed pcded f￿A$. vhllch have Tnrtvjated the rlsks inherèrrt in diwt investment perfoTrnan￿ of the discJetr)nary m￿Rge[S Is ￿tsTa￿y monitorvj by the Tnjsw wrÉt inde￿nd￿n￿ rforrnancp moasuremert Thg Trust Deed Ihe TTr6tees unrestiicaed irNestm8nt ty)wars. All inV£Strn￿ls held havg b¢gn wuired ￿ acL¥)rd8rKe with the poweks avalatite to IheTnJstees. Thè 10t￿ marf(&t v￿u￿ ofthe Inv85trnpnts at30 June 2025*as £11,255.33612024: £8.488.7961. Full thdosure of a Investments Is ￿aIlable in Note 11. The capita valw. a5 adjusted tur 8ddtbons and di$￿)$￿s. irtreased ty 83*12024: thcrease 10%). IrNesiment Ir￿0￿* Yas 8woxh)]atdyO.90%12024: 1.15%) ot ca￿tal vahlg. Pag8 5 The trustses Ihat Val￿ Lrf IrNestments may w a￿1 ldl and in the a￿91￿atb)n of the pDliw to malrtwn tho va￿e ol the fund, tw rroy apply a vin¥. Ths was aJapt8d In 2013 and lowing for Infialion, at the date ol appr￿￿ Lrf the* &oxKJEts. vaiug ol ihe Itmds W been MantaIn￿l. weB, the Trustees recefve ¢i]artèrty and [wtonT￿ agalnst b￿thma￿. Shcwkj thg Trustw5 1* conslstertty dsappolnbl with Ihan ¢￿￿deTai￿ woukl ￿ gfven to chanllfjng Invostment mwbwJeTr. Trugfee¥ FINANCIAL REVIEW Regorves pdlcy is Ihg trusvs wjlty to makttaln re￿ vakbe of Irv￿1￿ lurth o¥•r thè bThJ48m. It rneasw the tokt tum on its inveslments. both from tr¢ome and or 8rx5 any Sury￿u¥ the real ￿ue com be syn￿￿ In ftJrtt)èFan¢8 ofthÈ tharitatAe Obi￿ts of ts Tru5L Ihosè furth. 11 in any on8 yB8r the knla] Ls irNthaertb) maetlhe ￿K￿￿j grant makirwj 8xP8nKj￿T&, trwtegs I￿1[ cOns￿er Ythethw lo reduce Ihe tr￿geted exp￿rg or 10 make adjustrnents over tho longer perf¢xl wilhts Ofprese￿ vabjo oftheTntstin ¥*Thl￿wIthtI￿8 IrN&stsnenl obiÉcdvè èbove. nomid level ofpn]derte whN* stb>JkY go￿ the Mwe[￿t01thar￿￿ frJThtsandvAth th8 god 0fmah￿aIni1 suk7clent Ilquidity to m8* grarrt aFpbcatiorKs IW to be apprD FWURE PLAN The Twstees plan to tu r8tsin Ihg r8al value vf thg Twfs inve¥lrnerts over and. on this basis. onty then to fund as charitthe wisalv)ns as tha Tn]st ￿ th•. STRUCTURE, GOVERNANCE AND WINAGEIEKr G¢JvOTning th%ument ThÈ Trust ￿ a r8glstered thartty, nurter 240915, aThJ ts ojnstknd UnL￿ a lrtst de8d (￿t&d 7th Jarmw 1965 and th& tNstéeS 8rè incoTpor8ted as a The Tntstwas established by S"r Harry Jppfwtt In 1965. &T HBrry was a p￿rnaC￿￿caI themlst aTrJ 1Tr1usb1dlst and In 1919 he Joseph Nathan. an ￿gb-N￿W ze￿and company which math8ted drfed mllk ￿der the trade Cdaxo. be¢xm Ihe ard)ilecl ofTNhat Is on8 of the y￿￿(r$ m8lor pharmaceutt￿ Cornpan￿. being larg8ty T8spons*A8 for provtthng Gkxo vJith the base C￿wh￿￿ tts prowerftydtpwxle(L He ￿tired as Marlltyng DAELiorin 1W, thequenty bgcorning non.execJJJv6 Chalrrnan and laterhOThj￿ry Lif& Pre5idenL Heer￿￿￿%￿l several lThYl￿*n9Theje&￿Cottchantat48TWs1. The Jephcott famty conbnu& b Lw acbvgty uN01v￿1 in Charity TN*we seek to contine the charitabl8wo The Tw8tee8, who are 116ted on paga 1. formukts of th• ￿tsa￿Y Irth¢*ng Ihè nthre of wci8cts SUPPDrtgd o ThBII ps thg financial controls. under the Chwity operate5. The Twtees rn￿1 trAc• a y&ar to agre& thè Trust8• strategy arn1 areas of activty for the Tn¢L on¥iderat¥Jn ol grant mthng. investmenl. resetves and rfsk managemèrt Ft4i%5 ènd ￿rfOr[nalKB. Th8 day to day ajrninblration ol grants and process*w and haThJtftg of awkatlons Ls ￿legated to a Seue14ry. The Trustees have in p￿8 a finaft￿ Su￿￿M￿tee that r￿¥$ lh& inwtments hèhl Thè Financ* Conwnitte meet the Fund Managets at loasl ow a year trj review wrtorrnance ajainsl tenchmaths aNJ rgview the risk PToflle ol the investtnent porttofio. Where applica￿ it takes thice from vawious prof9ss￿r￿I quarters. The sub- cornrnlttee then rep)rts to the trdn cornrnillee of T[[￿. highlghtilw 113 re￿rnMendatiOnS. recommffldations of the sub committee ¢￿Ver s￿h areas Es levd of liitw to ba m￿nI91n8d and the ￿oUnt avallable for dL8tribuion. Tho apwnlment cl inve51m￿l rnarQge￿1s reS[￿￿$&I11ty ol ￿[ TThsl8es. l trustees tako r8sponslbOty for r8(xuitmeni of rthv ttuste8s. Arry ¢L￿rent trus￿ can r￿mMend a ngw trustsg who 15 then Invlbj I0￿7n am8￿[ng aftw belNJ Introd￿ io at Sèast LXL8 0th8rlrustse. If all tt]stees thlnk porson ￿rellt the trust arnl the ￿r$On sbll tD N)in, 1hen 1he aTxxxntsnent takes place. I tru*aè#lotn for an InlN perkyj of 5 yeaTS and then Ihelr C￿￿nui￿d akySnb)wnt rr)IltrThJ 2 ygar by ethgr party. Thè aprKsititment is rnaye after taklw Irrto con5iYeration the specific sfvlL8 and knowl8dg8 01 gppointee and the requlrements of the B08rd as a vthobÈ. TnJstee5 attgrKI a TrL*ts?s' meeting belo￿ they ar8 appointed. ￿fve a ft￿1 tmfirgtrryn Chwnywi arnl Twrtten guk18trffi. Ji trustees gTvg thelr tme flee￿ 8nd no was ￿ ui thg ￿r. Daiails thf truslee eynses re dksclDse(I In note 7 to th? account& Tnkstees are rffjuired to dwk*8 all relv4anl interests allyl rogi5tar th8rn tho S9rr81ary In at￿r￿an￿ wlth the Tr￿SYS polw wthdraw decis(orts Whe￿ a connlct of Intèrèst grlses. SThUCTURQ GOVERNANCE AND AIANAGEIIEMr sU￿COmMI118P of Ind•wdent Trust In the ot Sir N W Jephcott (pa8t Ch8tmwl. Igft ￿ 50% trlmerstap of the Nopèrty Nassa East Pa￿eM(￿￿. S￿Combe to the Jepltutt cha11kb￿ Tnst ¥Ath Mary, i* JepheA)tt (hL8 wlfe114￿ng a lsfe tenuTg. Fdlowiro hoT derni5e in JU[￿ 2023. the was pknd on the Ma￿￿1n Mard) 2024. The safe Of thè propèrty wa5 C4)mplèt&Y CttoberXJ24. As four tru8tee8 atp or Ir**ecty tc¥)fikbJ ID boiTrJ famly ftMters. or t*nth8th. it vffjs de¢med necessary trj forrn a Akncthnmltt8e, made w) af trustees. Chared by the deputy cbairman. A19k mon•gwwnt The major rfsk8 to wh** Ihe TDJst is expowL as w*nUf*d t))n¥n￿l0 ts TWI￿Ed eNI systwis havè been est*llsl*d to ffjltioat9th￿ rtsk Tha rnajor risks trai the Tnjst L8 sUty￿* io are the cl value of the Trusfs knvlamènb cw the kxs ot fijnds through frwJulentgrart*icatKyts. Ag refwred kn abovè af*)arte thcornmitte? rEguW insbnatrts of thg Trust kn wgurè Ihè capltal funds are ￿￿ted prudenuy. The I￿￿e5 Iwe aFP)knted a lknèikmary Fund klany and T￿lrl￿ them to rnanage their luThJ5 in a rfsk aokne and raUb0￿ manrWwl￿st stul prowthro 8 ￿ 19￿M to the Tntst to athieve lis of yNirKJ The to88 of funds traw*Jlent wantaFpl*akn Is MIE[ga￿￿[wh tha ¢ty¥4ylkalon of Ihe gul¢dn6& resgwch 8nd tsvaluatlon ofth8 woJ8Ctkngalher￿ (Swtcmmuntcaoon the apF*art ap￿Y￿g forfund5. The ￿￿tee5 continua to wrthase I￿r￿ty WWTarteforthè• of both the TrL* aEKI theTn Govwnance slalernnt Thg Board ol Tru51ees havo IBd règard to priTripab of r8ttrn8nd￿l prncts a8 out ty the ￿harIty Govemance Code. ￿ have awfied thsse wa¢lKzl arwj in rnakirvJ. The bitstees are resporks11 4e lor prepwing the Rop¥￿0t tre TnBtees and thè stalem8nls in &I￿rdan th *i¢abl& law and Ltruted iangdorn Acttwnting SI￿d￿ (Ullited Kfrykyn Ge￿￿lY A￿￿Pted ALU)untlrrtJ PA¢tic91. Charity law rg]uires thetnJ5tee8to Wepareflna￿Sa1stataIjrtk*each y￿. Urtderthatlaw, thgtrustge5 Accounung Pracbce Iurated KingJNn St8rKlwts W. nderchalty law trwtees rnust not apFwove th8 finaTKad s￿￿Trents ￿le&S Ihey are satisffod that they gwg * trug and fairvigw of Ihg St&9 of aff￿15 of Ihe ch*ity 01 restyJYc8s and aFpltrallofi of r8soufcas. incknding thè incom• and exFthIth, of the lor that peTuI. Ill wcparfrvJ those thanrA￿ statèmants, th8 tr￿sta•S 8ro r￿Ulled to . select suitable and then 4Jply them mrtsis*, - observe the methLYls and printsples In the charikn￿ SORP: . make ju($3emÉrts and egtlmales that are reason8￿e aThJ and explalned in tre flnarrial S￿1￿￿nts. . wepare financi￿ statem8nts on the corwn ba* urless it ts tr*aFvrprfateto pr&wm8 thatthe charfty (xjnbmiè in tAtskness. trustees are reSrxMib￿ for kgsplThJ prcpgr r￿ts whkh thsdose vthh feasorotle ae£uracy at any time thttfiw￿￿ p)sltlon olthecharityaTrJ to to er￿Ur8 that ihg stalpmerrt5 comWv4*h the Charfjties Act 2011 a￿1 Tr ChaTity IN￿OUnts ar￿ Re[￿5} Regulauors 2GfQ. They are akn rewnslblè for saleguardfjng the assets of th8 dwlty herKe for tthng r83sonabk Ste￿ for th¢ FwentKJn and detÈclion Df traud ar*Y other Irr8gularib88. Apwovgd ty onJBr ofthe board oftrustoe5 an.._.._..._ . - 4rKf on ts behdl by: M L Jeplwtt I(￿1r}- Tntstee rtof Oplnlon We have the firwlcial Stat￿￿￿ of The Jepl£ott CFwifth Twt (th8 'charibn lor the yoar ended 30 Jun8 2025 whTch cgjmwse thg ￿e￿Wit cl FI￿￿ ktsvit*s. the Balance SheÈL thè Cash Flow Statsment al￿ rwtss totha flna￿a sratwnents, inchAfjng asurThnaryofsyJnifLanta¢xwntirtg p(AicEs.The finan¢tal repDrting tramèworf( that has ￿en applpd in trdr preparation i% aPFlh*Ae Ui¥isd lQtyS)m Actounting Stsr¥Jards Iunlted lfjrmjd￿ Generally Actepkd Pax)unling Prthel. In ouropinKn thè flrMrnlal statermts: . atrue ￿ fwr Dlthe state ot Ihe i*ffjs affws 8$ at ￿ JE￿ 3)25 uv￿}mIng r89)wces and appikafjon of resources. forthe Year11￿ wkled. . hav8 b•8n properfy p￿par￿1 in acc0Tda￿e ￿1th Unitgj (knTaDy knepbj Axounttng Prth., aThl . have been pTepargJ in aLt0rd￿￿e r￿[roments0f lh8 CharllEs PLt2011. Basls for oplnlon We ccnjucted our awlrt in acc0Tda￿e y￿th 1nkntiQ￿ SkThknJs on Ath*Or*J {UKI {ISA8 IUTrQI and appl￿• law. Cxjr T8SPOllSitMfitles underlhthè standèrth are ¢knthd kn the Aurfrtots. f(x th& au(rrt of th8 fir5EnLyaT statements S8LITon crf our repJrL W¢ ￿ 1ThWe￿8nt of ￿ chartty in a(£oTdar￿w[Iti the ethical requirernents tst relevant to OUT ul Ihe str￿￿nts in the UK Incluthng the FRC$ Eth￿1 star￿4[￿, 8ndwe YwefvlNlledwroth8rgthKal restmxwbilibes in2JXorda￿1V￿h knese reoarernents. Wa Wi the awjit evbhxe w& havè obl&neA i$ 6ufftie55iand aFpwth tt> provKIB a b&4s lor our oplnh)n. Concluslons rekntlng to concern In aUd￿r#j the linanril slatements we h&0 thal tr￿. use of th& grxThJ (*rttm bass ol Bassd on the work w8 have perfom)ed, we have Th)t any materfal uTtert￿nISoS ￿latI￿ b evertL8 or condlions thal. irMfivKbJdty or ￿llect￿ety. may s*JnifK8nl ¢kMknt on the abili￿ to continue as & golng Our respon8ibilitsgs aTrJ 11E r85p01th￿1lea of Ihe busiee5 knith to g)irMJ a￿ ckscrb8d in thè relevantsections of this rowt Other Informatlon The trustees￿ respYSi￿O forthè other inform8ti¢XI. Tre otsr TthDrtnthon comprisesthè information indud8d the AnnuaI R8port otharthan the financial statem¥ts arxl wrReport ofthe ￿th￿ndent Audlors theTWll. Our opinton on the finarf￿ does nDt Intoffna￿ atxl, ex(• to Ihg extent Oth0n￿Se expllclyy stated in ow rgtKrt we do ￿t exprèss aryforni ol th8T80n. In COnn￿n vAth our audit of t￿ fironriaE sl*• rAJr ts$p¢￿S￿l11tyIs to read thB Other Information and. in doing 80, conskler whelher the 0th9r inlomiation is Inojnthent wilh financlal slatern8nts or OLX know1￿Je oblwned In the audit or othemise ar￿ to be Materi￿[Y rni￿lated. W we Klèntify such materb inconsistpncles or aprRrent Materf￿ mls8taterr￿5, we ar8 rewir￿ to thtsmiine whether knls gfves rbg to a material m￿la￿e￿I in the finanual 8fat8Th￿nts therns81vès. If. bas&1 on the work have kErformed. wa conclude that there Is a misstskn of otfrw knfornlat￿￿, ￿ arg ro(pur&J b report th8t facL W• havp nothing tu repyjrt In Ihis ragard. Mattors on whlchwe arp raqu1￿110 IpiN)rt by￿e•Pu0n We have nothing to rgPQrt in reSp￿t T*twè tr* C*artsS (ACCL￿ts aTrJ Reports) Rogulalon$ 2Q08 raqulres reFrfHt to you ￿, kn wr r￿An￿. tha infomiatton glven in the Rep(wl oftheTnth85 s Ir￿{￿￿￿tIn ary rn8t8rf8t reS￿￿11h knanL7al $18t¥ments', or sufftlent a¢c4xmting rseonls havo bew4 keFt. or the ffnartial sktèments are not In agTEem&rtvMth Iho awjurfing r￿[￿8￿r￿1 re￿Jr￿. or we hav8 not recewed thg irftirrnathjn explanaiw)ns we require for ourwdlL ResponsbllltlÈs of Ini*t••s As èxpWn8d more fvlly in thg Staten*nt of TFusleas' Rew¢thilties. Ihè tr￿taeS arg rospon51blo lor th preparatlon of the finwd staten*rrts which gN8 8 true ￿ fairvw, and lor SLrh Intern￿ control as thelrustees delemilne ts nece88ary ta ènable the weparation of financial 5tatgments thatare free from matèrlal misStatem&nt. whether due to fra￿1 or error. Pa￿ 10 prÉparfrwJ the financ5￿ statements, Ihe bu5tees are rE5wrthle for a5SP5¥iTrJ tharfty'¥ abirty to cortrnu8 as a going cortem. disciosiThJ, as a￿￿￿a1)le, rnaltws Tdated to golng cwcem uthJ th& golrwj cortsrn b￿$ af attemath butto (k) so. Pago11 knd Our rosponslb7111*s lor the wlll of1￿ We hav8 been appointed as Wffilo￿ under S*1h)n 144 of the Chatlll85 Pd 8)11 re[￿ kn accorda￿8 v the Ad and relevant regulations mac* N haviNJ eff￿tthereVr1le￿. Matsrf￿ mis5tstèmenl whethgr (kle to or eTnr, aThY ID IS￿E a Rqy)rt ol thg lTh*pendeAt A￿1nDr5 that inthdes our oplrlon. R8¥sonable assura￿ Is a hpJh ol aSSLxaThx. but i% 8 gwBntee that wjdrt conductsd in *xoYdan¢g with ISA5 IUIQ aws a materf81 mtsstatement it Extsts. MtS8tatsments can ar]se trom frnud or and are cortid•rgJ material W. k>Wdualty or In Ik emate. they (%)utrl lea60r￿b1y Tf* oblKtwes ol aw awJL n TespÉetto frawj, arè: 85sesstt* thsks of mlsStatgmEntotth ffinarKl￿ slatwnenb tts Ir8LA4' to obtaEn ￿ff£tht 84)rrfD￿ atth wId8r￿ regarthg th? aws$￿ rfsks of rnatgrial misstalem8Trt due to fratyy. thTough desk3nlry and knpknenting 4yoprfato respor￿S,. and to resp￿￿ approwatety to 1rd￿j cw 8USPgthd kI8nttf￿j th8 aJxfjL Fk)wever. th8 prvrwy rosponsbiw for the prgvenbon and oflrnLwI rosts wilh t￿)se thawjwllh gobww￿olth@ 8nttty and management approach wag as folkThE: .Wa IdeTrtIKed *re&% of laws •KI reg￿8￿01￿ that coukl rea$￿￿4 bè •xFrt￿l to * Mate￿ gffg¢1 on thè anandai statsmants frcffj OUTgworJ arWJ5eGbye￿[1ÈnC£ andthrwuh d15C￿s1On wlth th•tsuskes othÈr rnan•Jernent las rewir&l ty 8ixllbW slarrtkrd91, and th%u¥sed vlikn the thJsta* aT*J other .Wa kf&ntified the followng areas as most Ihety lo s￿h an @￿t. health and Saf￿.. Geror8t Data Protscfjon Regulatign (G[￿R}. fraud. ￿fibery a￿1 arnl emplOy￿nI law. Audmbig standards limit the rewlred audTt procedures lo non-compliarK8 ]a*£ and wulatKK*toenqulry ofih? and other manaoÉmènt8nd I[w￿￿on of reLrnlabyy WMI *al rf any. .We con8KletyJ wulatrmy dirgc* lo rnancHI stathènts rw)rbng framewo￿ IFFiS 102 and the char￿e5 20111 aTra the re￿ant lax compll8rKg regulabors In the UK. .We ¢mld8r8d Ihè na￿￿ of the ¢haWsopwalbn& Ihe control eri￿t arnl bwne5S P9t￿rn￿. h￿l￿1n9th& .We communle8ied Identified kn arKI w*Uons thr￿ ￿rtthm and wwn8(I to any 11b*￿atIonS of non.corn[￿LS￿QIhrC￿h0UI th8 d￿ffi: .We wnsKle￿d the prot8dur•s controb th* charity estabjithed tr) a*Jress ri*5 Irkntined. or that olher￿ prevent deter detect Iraud. arNI hOwSen￿ managament rThJnik)rs th)se prvgrammes and controL8. Based on thb dèsw our Tywethtr95 to kknbfy non.0)rn￿lOnce wnh suth la￿ regulation& whe￿ th8 rtskwas conslderedto be higher.we Ferfomied ￿tprrtedu￿ to addr955 each dendfied traud tisk These PTwe(knres Inchxled.. t8stTrig Manu￿ ￿MalS. reytewing thefinancld stBtamèrrt dk8cIosuTes and lesting tr) supp)rti￿ docurnentstton. perfoming arwtsC￿ wocethr8S'. and eryiring ot Trwnag￿t, 4nO we das￿ngd to provide rpasonthe assur8￿ thaltsfinarhiat staternents were flee from fraKI or arror. Ow5ng to the Inhergnt of an th￿e Is thal may nol have detected som? matèrfal mlsststements wtthefinandJ sts1￿en￿$. eventwhwe have pT0￿￿Y F4anned and p*fomi&Y wr aud In Xc0rda￿y￿th audthng slarthrts. For8x•. l￿furtherT￿wed ThxtrcomplLwwith I￿£ a￿1 regulations Urrewlaritiesl is from the events and IraW¢h￿ in ￿rIna￿d stalern8nts. the less1*8iy tho Inherenty lirnited wocadures requw8d by audltiTrJ would Klentify SL The rlsk ￿ akn greater regardlng Irregularib2s occurrfng dug to Iraud rathw than error. 8$ IraLKI *iV0￿e5 ¥rrtenbonaJ forg8ry, colluskln. omission or rnI5￿￿eson￿tIon. Wo are not reSw[￿le for pr8venbt¥J ncxFcornpkn and cannot be eX￿ted to non. comp￿2n¢2 wlth laws arKJ rauulatlons. A further description of our respo1￿1￿[theS for au(fit of the fnarriaF slateTnetts i5 on thg Hnancial Rekxjrting Cour￿rS websits at￿￿.￿￿Org.￿laJ￿￿ThBS￿￿￿￿8$. Ths &)rms part of OLW Report ol IT%JepEn(kntAuditors. PwJe 12 The prior yvarfinarrial staternents were not subiectb) The trthè year 3Q JJn& 2￿2swere Ug0 ol report reportls made sow tts tho as a tx*. Part 4otthe Ch&hl8s (Accumts aml Reportsl Fleglatlons2008. OUraKfitTWorkh&5L￿￿Xkrtkn SotlwtWe￿￿slats bthecha¢lty¥trustaés Ihosè matters we are refjired kn ￿t0 them in an au(ht(rf re￿￿tarKI frjr no p1lwpurF￿. To the fijllest 6X￿nt by law. we do Th)t a￿ept or assLrn resFQnStility to atryona otrw than IlK• tharity aTrJ 1119 Injstees as a b¢xly. IDr ¢)ur authtMJrK trthks YeF*JrL ortr Ihe tNe have fom￿. TC Group ststukjry A￿rrtor¥ HarsCoMt￿ Rousè 1 DaTktth Plymouth Devon PL6 7fL Page 13 Flnpnc Ended Ju For The 30.625 UYThstrl¢t•d lund• 30.624 Total fund5 INCOME AND ENDOWMEIITS FROU Donatiofts and legac Investment inrA)rnè Other ira)me 97,368 067 Tolal 97,868 EXPENDMJRE ON Ralslng fuThts 51189 Grantluftthr￿ acthli 8 99471 To N8t g￿n3 on Invests NET INCOIIE 741.037 RECONCILIATION OF FUl￿)s Total funds brought forward 8.767A05 8,026A68 TOTAL FUNDS CARRIED FOIIWARD 11 Pao9 14 una 202 30.6 Tot funth Unr•strtled HXED ASSETS Harftage asgèts InVesth￿nts 10 11 55 11J4336 8.578.796 Dobtors Cash ai bank 12 3.049 1 203 717 211 216.B41 CREDITORS Amounts falung ¢lue W[￿[￿ orpyear 13 (27￿) 118.057) PET CURRENfASSErs TOTAL ASSETS LESS cURRETr￿ UABILlllES 11A34223 8.767,F£¥S ASSETS 11 FUNDS Unrestr1ctÉd funds 14 11 8.767.505 TufAL FUNDS Tre fin4nd￿ Statèm￿ vfftre aFiyoved ty thè Board of TrLtsW ￿￿h0￿sej for ISSUÈ on a¥xl w*rèsignÈdon ts tr*haM ry.. M L Jeph¢ott jChairl-Trustee Page 15 OJU 30.624 Cosh flows from operntlng actlvltitg Cash gEnerated from op8ratio Net Cash wovEdod byllused opornty ath Cash fk>wg lyom Inrrnstiw actiYIII8S Purchase of fixod asset irNesth)ents Sde of fL%èd 8SS8t i￿asIments Interest re￿ Forelgn exchange gaJnlkK% Transaction Fèés on Salo Dlvldents Recwed (Tm7 12.rn.11fj1 2.698,824 2.553 15,8931 (1135n (5751 Netcash (used lnyprtrl￿ by Inv85ITrJ a(*¥ll 14 12.1&3 Change In cosh trKI e09h equlval¢nts In th• reporting porfod Ca¥h and equl¥*ts at tt beglnnlng of rnPOTtlng WT 124 1138.887) c￿11 and cash equlvol¢nts li th• ol th• r•portkng porlDd 211 Th8 W1￿￿+m) F4rtoflhese h￿r￿jaI staiernents Pag816 h• eAsh Fl(M Slatsmem For Th Year Ende e2Q FECON(JLthnckN c￿ NETINC(XE TO NET CASH FLOW FROII OPERATJNG ACTMTIES .6.24 Aclfvltkx) l786.718 741,037 Galn on Investrnents 1rt8rest DivKleNds Re￿Wed Dee￿ase1{1￿creaSe}ln debtors Inrxe8S8 tn ￿￿￿OrS 1350m> 1801221) (5,614} 12,553) 196,066} 194,815} {1￿1) {3,0491 Nat cash pro*Aded byl(u8ed In) ANALYSIS OF CHAIKFS IN FUPKIS At 1.724 Cash ffo At 3Qffj25 C&4h at bw* n7 211￿41 203.n7 Tot•1 Pagg 17 Fl F Thèytsr ao Jure ACCOI)KnNG POLICIES Tha financ1￿ statem8rts of thè charity. whkh i% a ben￿t FRS 102. hav8 b88n ￿epar￿ #) acCordar￿ Y￿th ChariU88 SOFIP IFFL8 102) and Rewrbng ty Cknitsas: Statsment of R￿0MMend￿ Prnctre app￿ab￿ to chariltes thÈir acwunts in awdarKg vhlh th& FinanLyal Reporting Standard a￿lc&￿e In the UK and of kdand IFRS 1021 leffethg 1 January 20191,. Flnancl Reportlng staThYa￿l 102 Trè RnaThial Rsp0Ffj￿ SlarKknI app1kab￿ In the UK grKI Rewblb of Irdarnl and th& C￿￿eS Ad 2011. The finardd statements hav9 L%en pre￿ undgr thè his10￿￿ C￿ convenllon. the ex¢xNion of Invesbwts are I￿(￿thd al markatvalue, Ihe revaluation ol asset& The firHndg15tatements ar8 F*èpared as a g(￿ LX)rcwn WKI TrUStse￿ are certaln tt*r• ar• ￿ matsrf rK*thnbes thjtthe (*wltys to c￿. IncoffllThJ r•S￿r Investment Inc0rn8: Th15 Is a¢countsd lor IN1￿Y* whlch 11 Is rn¢•l¥• Legacy i1￿Orne. DNlder#ts: l other Incominq rWul￿ are rwarked Or￿￿ ts dwrity has ￿8m8ftt ts the resources. it E eertdn trat the resoLW wlll bè arAI thè Mo￿tary Va￿￿8 Lrf tr￿ThJ resth1r￿S (sn be measured wth sufftc19nt reliab4ty. Expend1￿ LIatMl￿]es are reuMJnSsed S(￿ as Ih8r8 is a )￿ or ot11￿hn Cornm1tbr￿ the charity to that axptryliture. it is prcèable Ihat 8 tr8￿lar ol •cOr￿)￿l¢ b8neffts be requir&J in setrlement and the ￿y¥jUnt ol the oblwton can fylkbty. EyrVJi￿￿E 15 a￿l￿￿ted for on an p8xriHls basts and has been dassrlied U￿ar headings that aggrw all eLEt relat￿1 to the cateoory. Where ojsts C￿nOt be directy aliributed tD Particu￿ heathry tlw hav8 b88n to athiks on a ba￿6 Cor￿￿Tht wth the use Grants payable are paYTh￿ts third Ihe ofts charitth8 (￿JeCts ol the Trust. Slngl of mulll.year grants ar8 a(*lNJnbY tor when ther has a reasonable eyctatton that thay will re¢eNe a grant aJ¥J the trLtstees hav8 a￿￿d to toy ￿ grdnlwthL￿ conthtiQ￿. or Ihe recIp￿t has a reaSona￿e 8XP8clation that troy T￿11 recaivè a wt ar￿ (x)ndhiDn attachlng •) the granl is outside the control ol the TNst. No awual knr grants are me&le Intention to makè the orant has beèn coMrnLw￿8t8d to the re*lent Ixrtth8re & uncertADty at#xrt•￿rts1￿rV Dflhg want0f1t￿ grant Pay8￿•. ChsTltèblè a¢￿¥fIl*S Costs of ehaTitable acbvTties repr￿￿tt￿ warts mttle firwTh*t ye8f. Gov0T￿n¢• costs Governants etssts Comp￿ (X￿ knvo￿ atmmlawty of thè charfty IES comWance with r8gui8bons and good prxtice. These caJsl8 ￿r￿mIS c£tsts relaled to the auditorfs fee. auditDrfs ￿rnuneralEort and 16gal lees together ￿th thg adrtUntsiralk￿ fthL% olthe TrusL HerltsgÈ awta Heritage assets Gomfv solety of8 tr*jS('fv4￿￿Athll$" has ￿[dIOrTh￿re than fiv& yoars. Thls is hekl at replacement Value vAth NJ prov￿0￿ for deweuatK)n a8 Ls r￿15£d wlh suff￿ent r8gularity. Ta¥atlon Fund ￿￿oUn￿rIg un￿st￿¢t￿(l furKls can l* us&Y in ar£orda￿e wjth the dwfjiabSe ct4eciive$ 8ttl* dE5rxglA?n of tha Irustses. Restrictgd funds can be for [Art￿L￿r ieslru*l wffjK)ses ￿thIn the ot4ects of Ihe charity. Restrictkjns arise byhen speof*d bytre or when lurth arg for partkular r85trthJ purpcse Fur1h&r axplar&akn oflhg natkNe th purkweot*i the r#)ts¥ ID flnanci￿ staiaments. P•Jg 18 ¢)yffjnued... AccouiillNG POUCIES.¢onthNed includes the netgains ar¥J tsses on re￿Jua￿ffi arxl th%K&saLs the yw. 118ed Urnèallsed Gakns and L(ths••s." All oains and losses are taken to the Statemèm of Ar￿r￿ Acfvjdeg &* thèy xfise. Re￿ISed g*ns or bsses on inve¥￿9[￿ are ¢aloJlated as the 1fiffere￿ telw*n sal•s Ixc**•ts aml 0￿rIng mark81 ¥atue Iwchase date latarl. Unreali88d pns arnl Ioss&8 are catculat&l as the t5fferer￿e bemwn the Ma￿et valuE at the yvar gnd atyl openhyd markètvabjo lorwrclA89 da18 il latw). Fund Struclur•: Th8re Ts one luThJ wlthln the Charfty. E4 fthy. The TTrJVWn￿t rm thL8 l￿d ts sh)wn on Statement of Finan￿￿ DONATIONS AND LEGACIES 30.624 IIIVEsnAEprr IN￿mE 30.0625 30.06.24 IrNgstsnenis li*d on the Stodt ExthaTrJo UK For8 68.547 26,267 15NI9 614 Int8r8St rec￿ed 1D1.680 97.367 U￿￿e$S¥jhaQ slate(L dl WLve8trrMIl￿yJrn? twj gwwatgd frryn kr+B$tr￿ a85ets in the Unlted Kkngdom. RAISING FUNDS Ral8ino and legaci 1625 30.624 Th￿assa E￿O￿ty Expenses 3.049 80.624 PortlDno managgrnent 49.140 Aggregat& amounts Pag8 19 theFi For Ists nts.contlnuod Ended 30 Jun• 21)25 Grant fun(firvJ of Supwxt crjsts Iseg Iseg noto TotaLg 165 712 ￿566 ¢3AANTS PAYABLE 3&&25 30.6.24 GrantftrtltV4 ath￿$$ 87.939 conUnu&fj... ancknl F r Thè Year Ended 30 June 2ty25 GRA14TS PAYABLE. confjrdxd .￿25 ).¢%.24 Hope Aft8r SuK*Jo Fountain of P￿8 FIourBh Netr Fllthsy Eye Foun(Aotsn On& Chlld Ghana Ill*Je Watsr Chkstina Nobk Childrpn* FwrKkntion 5.(rf10 iooo 000 10,000 9,120 27.120 Stay at SL*Jol Charnos Child ol Hope Afohan CoAege One Chikl Ghana M¢bi1g Educati¢Jn Part￿[￿h1￿ &)odw511 and Growlh 10.DWJ 9.600 9.000 s.000 h&E Disth1￿/ Af Porridge arKI P8n8 Amcan Adwtur8 10mO 19 8.0 EnVIronrnent￿ aThJ H hiel Fourylaion Khts Club KaWa 4.651 Saffrw H￿1 TT￿t Enwron Zambia Orphatks UK Goodtr￿ll1 ar¥J Gr(Mth Africa Aclion Willagg Vita New H¢Jpe Karen Hil￿ribeS margar￿ Pyke Tnjst 11.026 7,106 17.lJOO 10,0 19.795 Total ¢>ants 165.712 87 1￿Mb￿ 0¢ th[nI￿ of 17 10 l of Ihg above arB Inst￿￿01￿ gran*. Page 21 onllnued... End 30 Jun• % Grant fttndlng athitB8 12 Supp(>rtCQgK I￿￿tha in lh• abw are esfollrn. Managdnenl 30ffj25 30.8.24 fundlng acllvlueg Tot actirfilies Insurance Internat Co&3 Sundrte Admin￿tra￿on exp￿￿e5 Webslte Costs Bank ChargBS 34 10A03 27 6,419 Governance co¥ts 30.625 Grnnt lundlng a¢tlvi1188 30.6.24 rot activlbes Audttor8' remwetion Indep8ndent Examinabon Meeilng exFer ountanty 1A20 1.789 OTrIER 30A.25 30.6.24 Supportcosts 11.532 TAUSTEES. REMUNERATION AND BENEFrrs TTustses r8ceve no re[wn￿n forthg w￿k urnlert*on behalf oftho chartty. Tiu¥t¢es' expenses There werg a totJ 01 £1.552 experws r8p*I Tkwtee. whlch Cryer￿ maètlng costs for pjl Tw8t durlng the yoaT12024= £6501. continuul... t the Flnancial Ststmnts. ¢oniknued Ended 30 June 10. 'Aw0ra￿s￿￿ks. 90.000 Tha bcd("Aurora A￿11￿. kt ttnè of aFVtixW￿ that were Wshed ￿ the *Amer ￿rta£S ot Brfti#h Aniarctk In fj￿7. lustrat8d ￿lIb btriLyJrapts ty Georgg Maystort &ditsd by Ernast Shacweton. book orpof 60 kntyA* to sffl a4•t k* $ep8T*ty Tho book was donat8d to th8 Charrty cffl C￿￿11￿ It K8 sohj In the (&)norfs lifeurne. Althou￿ It has no partcular re[￿ce to the b¥orf< Il*t the ch￿ ￿￿erta[faS. It is reasonatl8 tr) retsin r( Yitthin tha Heritage Asset I￿adIng. The &wt was to £W.000 by Lwnited on 41h Ay1t 20U Tha refi*x this 1th1 . repla{x￿[1tV￿uaJ10n aThl 85set wll hakl atvaluallon nN)v#w lorvrtrds. The tr￿￿e5 Erdve entered irrto aformal Loan AgrEWneFrt the Cadbury Fleseartti ￿brary ol the Universily of BIr￿￿ngharn fi)r the book Èo be pla￿1 at the d1SF￿ of the Unfverslty to ￿ used for research and thcatkjnal purwses. The Ur¥¥ersty Is reSp)￿lbIe lor ts cottservam reF4lW a￿1 M￿nten8J￿ of the but the t4)01( remains underthe Owne￿hlp of the charty. nlinL*d.. 11. FIXED ASSET INVESTMEPItS Hdd to an Invgstrtwrt T•ium lOrt￿ Charfty: Unng Bluebay Funds Managarnerrt. Cepiw 8orxJ Varyjuayd Funds PLC- Global gggreg& FraN￿1n Tampletrin Gl¢Jbai fund PLC V8ThJu8rd Inv•stsMeni Globd aogregate ISHARES11 PLC- USD ISHARES 11 PLC- Cors LfK Bluebay EM JP Man MSCI-Wtd-USD IMrERNATIONAL FUNDS PLC ROYAL BAPIK OF CANADA- PKt6ferTo Brown Athlsory FuThJs US Ewty Vanguard FurKJs PLC ROYAL BANK Cf CANADA. 8thh ROYAL BANK CANADA . US fkntty .612 420.7T9 315.046 786.625 636,998 t31.136 gOD.046 10.361 887.865 11.081 115,551 261(IKI 202.755 11.791 111.263 14.952 )1.957 105.(#JO 259.tKIO 220,884 127.( 117.022 101.1 78.76S 19.1C6 352,970 1611 289,114 3.354 298.202 S.￿ 629.467 &7r2 570.6L)J 98,879 167.¢)89 135.068 234,887 724.IX 346,441 417,721 327,207 795.027 658.119 226,610 382,525 946,876 186,Z31 210,097 182,455 1282,772 96.523 246.787 154,449 83.100 528,284 460,829 378.997 977,139 687.887 399,234 154.683 111,804 227.488 731275 I8￿16 3.374 151.&88 21861 Gd¢Jman Sad Bla¢krod( {Luxthurgl Blad