2022-04-05-accounts - Cherry Tree Foundation

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

			Pages
Legal and	Administrative	Information
Report of	the Trustee
Balance Sheet
Statement	of Financial Activities
Investment	Income
			5/9
Investment	Account
			10/18
Notes to the Accounts
Report ofthe Independent		Examiner	20

		Note		2022f		2021f
Investments at Market Value —pages 10/18				1,218 052.00		1 238,056.00
Current Assets
Funds held by Quilter Cheviot Funds held by Smith 8 Williamson Funds held by Goodman Derrick LLP				52,594.01 26,892.07		30,446.71 2,266.33
- Client Account
				77736.66		63433.75
Current Liabilities - amounts				157,222.74		96,146.79
failing due for payment	within one year	1		5,136.00		5,064.00
Net Current Assets				152086.74		91,082.79
Total Assets less Current
Liabilities			5	1 3711,138.74	8	1,3211138.79
Funds
Unrestricted			5	1,370138.74	8	1,32913579

				Unrestricted	Total	Total
				Fund F	2022f	2021
Capital from:-
Royalties —see note below				9,596.93	9,596.93	15,042.65
Income from:-
Deposit Interest
Investment Income - pages		5/9		25 493.21	25 493.21	26.34 25 310.59
Total				35,090.14	35,090.14	40,379.68
Expenditure on
Raising Funds
Investment Management	Fees			13,794.93	13,794.93	12,044.65
Charitable Activities				14,874.79	14,874.79	16,294.67
Other Expenditure
Independent Examination	Fee
including Accountancy Professional Charges				3,264.00 1,872.00	3,264.00 1,872QQ	2,784.00 228000
Total Resources Expended				33,805.72	33,805.72	33,403.32
Net Income for the year before
Investments				1,284.42	1,284.42	6,976.36
Gains / ( Losses ) on Investment		Assets
Realised - pages 10/18 Unrealised -pages 10/18			(	3,665.36 )( 43,380.89	3,665.36 ) 43,380.89	15,068.05 274,576.88
Net Income				40,999.95	40,999.95	296,621.29
Total Funds Brought Forward				132913879	132913879	103251750
Total Funds Carried Forward			5	1,370138.74	1,370138.74	9 1329,13879
The Royalties are a capital receipt from the estate ofthe late Mrs P L Travers
and are therefore invested to produce income forthe charitable objects

				Dividend	Paid /
Alliance Trust PLC				Accumulated
1,500 Ordinary Shares
Mercantile Inv Trust PLC					198.44
30,000 Ordinary Shares
Polar Capital Global Financials				2,010.00
6,275 Ordinary Shares
Scottish Mortgage Inv Trust PLC					125.50
3,000 Ordinary Shares
					104.70
				2,438.64
UK Unit Trust Dividends
Artemis Income
49,645 Units
Baillie Gifford Japanese	Income		Growth	1,874.50
10,000 Units
Blackrock American Equity 20,000 Units					293.00
BNY Mellon Real Return					625.56
15,000 Units
CAF UK Equity BIncome	Growth				295.16
44,633.571 Units
Invesco Perpetual Gbl Targeted 4,000Acc Units			Returns		391.89
J P Morgan Emerging Markets 7,500 Units		C	Net Income		255.58
Lazard Emerging Markets 7,500shares					44.25
M 8, G Charifund Income					49.08
3,750 Units
Thesis Euro Spl Situations	Inc			2,812.50
20,000 Units
				659.02
				7,300.54

							Gross
Allianz Gilt Yield I
7,500 Shares Fil Inv Services UK Money 12,404.63 Units M &G Corporate Bond			Builder	Income			55.39 398.59
12,580.257 Units Royal London Sterling Credit							309.74
7,500 Shares Treasury 4.25%2027							371.72
815,000 Stock							637.50
Fdid 189 16d d6						E	1,772.94
							Dividend Paid
Aberdeen Asian Income
5,800 Units Allspring Emerging Markets 150Shares			Equity				391.50
Blackrock Asian Growth	Leaders						643.95
325 Shares - Reported Eastspring Japan Dynamics		Income					33.16
1,000 Shares 1,000 Shares —Reported Income International Public Partnership 10,000 Shares KBI Dividend Plus North American Equity 5,500 Units NB Private Equity							172.38 13.40 746.00 2,353.12
1,000Shares Sequoia Economic Infrast							646.84
5,731 Shares vontobel Gust Emg Mkts	Leaders						358.20
70 Shares
125Shares Vulcan Global Equity Inc							120.40 23.75
142.77Shares
							129.92
							5,632.62
							Gross
Pimco Global Hgd Inc
1,000 Shares Vanguard UK Inv Grade Bd							385.51
100Shares							239.69
							625.20
Investment Income Received					6		17769.94

6		72.90
		126.06
		168.35
		288.76
		79.03
		76.00
		90.69
		58.19
		258.39
		300.80
		172.31
		112.17
		82.10
		12060
		116.82
	2,	123.17

UK Unit Trust Dividends	UK Unit Trust Dividends	UK Unit Trust Dividends					Dividend Paid
							/Accumulated
Fundsmith Equity	I Inc
4,500 Shares Greencoat UK Wind		PLC				5 4316
11,000 Ordinary Shares J P Morgan Japan CAcc							394.90
1,450 Shares
Thesis Euro Special		Sits					6.24
2,650Shares
Thesis UK Equity							87.32
5,500 Shares
							183.54
						5	715.16
UK Unit Trust Interest
							Gross
Artemis Corporate	Bond
17,500Shares						6	500.44
UK Pro Income Distrib				tions
ecure Income REIT		PLC
2,110Shares
upermarket Income		REIT PLC					463.75
9,330Shares							331.68
					5		795.43
Fi Oi id d							Dividend Paid
HP Group PLC
200 Shares
G Porffolio Absolute		Return					224.76
tzo shares
oupland Cardiff Japan Inc							232.47
225 Shares
RH PLC							117,82
150Shares
ermes Global Emerging 5,395.03Shares			Mkts FAcc				93.16
pgnosis Songs Fund		Ltd					70.92
3,200 Shares hares S & P500							168.00
1,980 Shares
hares Core FTSE	100						167.06
1,250 Shares hares FTSE250							321,89
380Shares
							172.82
rry Forward							1,568.90

S S	UK Unit Trust Interest Artemis Corporate Bond 17,500Shares UK Pro Income Distrib tions ecure Income REIT PLC 2,110Shares upermarket Income REIT PLC 9,330Shares

			Dividend Paid
B~ht t
			1,568.90
Prusik Asian Equity
60Shares
Real Estate Credit lnv Ltd			207.22
4,900Shares Smurfit Kappa			588.00
150Shares
SSGA US Div Aristocrats			111.22
170Shares
			167.65
		6	2,662.99
hah tt tt t
CG Portfolio Dollar Fund
100Shares
I Shares Core UK Gilts			294.56
470 Shares
I Shares USD Corp Bond			22.12
4,000 Shares 3,450 Shares Vanguard US Govt Bond			137.60 376.75
66.50Shares
			95.05
		E	926.08
Investment Income
			7,723.27
Total Investment Income from both Investment	Houses		25,493.21

	NN0
	CC IA~y m'0				Cl 0! I	0 t(l N	N N			N N N O! N Cl Cf	0 CD tD cp N N 0! I 4! N IA	0 O Cl N Ol N N			N Cl IA ~4 I (0 CC CV IO	CA IA (D CO Cl CV
	C!
	JQ
	Ct0'00Z				CI ClO Cl N	O IA	IA			O O IA O (O I N IA N		O 0 O O 0 0 O N			0 0 0 0 0 0 IA 0 N
	ID 0 Cf 4 e (C				CD N	O IA O CD O! 0 I				O (4 0 c! CD ID C! (0 I 0 0 CA 0! IO		O g 0 I			N g N CO
	N N0	f	O
	K 0 Epw Q.		N										CAcf			ID
	ICe e CC0'0	N N Ol 3 '0 0 CO	N 0 CA W 8 'Cl 0 (0 8o W0 E (0 85 CC N0 0 IJI Cf tC NN N N O 8 Ocv UJ Q. W 0o (0 IP0!ao go Clc CD 0 IA 0 Ch (L W ID CD„ 4l IO N O e 0 CL					0! IA IA IA 4I Iff 8 0 CD		'j 8 III Cl 00 0 Q. Q.	C! O Ol N N 4( 4J N0 0 o o Q. Q.	0! ID IA N 4l o III 0 IL (D O IAN w (8 Cl lp EW 88 e8 00a Cf 0 !LCD		Cfl Cn I„ 4J o 8 CL tp IA IA ION N ID'a 0 14 ID IC E			0!
	0 R CD	N N 0 0 5	N N 0 Ol0 N 0 (4 0 0 0 0 N N O	N N 0	CV Cl Ncf 0! C! IO	(4 0 N		CA 0 N 0!0 0! CO CD	N N CC N 0 0 CD CD N 0! Cl N		N N N N IA 0 0 CD IO N N NN 0 ION 0 CO N 0! O Cl lp 0 0! 'Cf(0 (0		0 0	0 0 CV N0 N cl IPc! IO C6 Clcf CD
Z 0 N Q Al CC Q Q. Z IA QZQ IL Q IJI (U Q d IU O Z CC O IU ZPZ O (0I- Z)P I IL	0 Cfo tlf	tfl0 Cl 0) Cl E 0 00 N 05- m c E c (L mam -4 -em 5'E ND'250 -piEQ=(n eo op 0 So80 mo ao. cCI cftu& NIA Ig mt			(7 Ul IC Ol.0 N Ol Cf 4!Ec UJ (0 Ol0 L (A 0. N	0 Cl o th Z c! Q AENE(m 0 e No 0.0c! o Q. Na00 (L N IC a (C CI (0 PO 00 N N (C o Q. N Q Cf I (0 Q + ftftp mo m Cll e 'm CQ Cl Cf Cf (CO. II! N! g O CQ3 0o						Ee Cl ID tn CQ 0 c Cf Cl O c OIff e Q. O CCc No P(D m N Q cc 0 B	CfE 8 Cl E0 IU (C0 IC N c e IC 0& 80 0 IC IQ		O' UJ 0 0c Z ID 48 E 0 JC0 0 N IQ 'E IL

		a!0 0 Ol0 'L Ia 0E 0			(0 (0 4( 0 N O 0 Q.		N O (D al 0 I 0 0 0. N		CtC! CD N (X 0 O I 0 0.	0 a! (D tO to O I 0,	C' O N ol O N 0 0.	CI0 O 4( E 00 ola! 0 Q.	0 I ri 4( N O Clal Nal Q.	0 N 0 (X ol0 al E N IA Cl Ol CD (U '6 ID 8 (L 0 N		N N0 0 CD (0 IA CIJ 4( Ol N 0 0 O O '0I N0 0 0 00. (L	Oe Ci 4( ro0 O 0 Cl al ccl N N ta (a 0 0 0. Q.
				Ct Ct			CD O N N	0 N		0 N	8 N	N N (4 (J! (d 0 0 CA	(D 0 N	N 0 NN N Cl		0 0 CD CD N CC	N at 0 0 I C!
	al) CD	Pl 0.	OD0 ca Ica			CI O	IOO IA IA Ct Cl					Ct Ct Cl ODI O		0 co Ct N	Et cd IA (D I			N IA
	m	(0																at
NN Q N I- (0 (L' z0 N (L 3 (—IA Qzo (Lg (0 & I- al (C UJ) UJ Z (U Z I ZzQ			P. lm e IQ	ID E 8 g, m cI(N OO IA (L I Q (Q	E (0 0 0 z (Q	0 8O eo0. 0.0	m N 0 IA N E 8 o QN Na! NS Yoc NN E		O -J (L 0 ID m 0	0C O N (0 0;0 '0 N 00 Ey X (0 IA N o5 N Ol 0 Q E la NQ N 1 O Ol O 0 tO 'C O.8 UJ		0 (0 CDO ID 0 U. Y X UJ LU al otL0 la IIII 83 taON '—Cl & OO 0 UJ L to	9 O 0 NN ID E fJ Z IA0 ID p 0 E 8 N N Y Ew N (0 8 8I 0 8 ~4 a! IA Q„ 0- m N OL IL		00 (0 8 O 0 N NE EY N0'— ID Y0a! U. O Q. al0 I Y (D0 DJ E Ut N 8	ca0 Dl m0O NON IA 0- 0 a! N m+ E CDZ UJ8 0 al 0. Ia N g Z	2 (0 Ut CL8. Q 1D 1$0 ID N L" la Ol ae E m UJ(O co OO (DC0 Z	E m 0 al O

		N Cl o. Cl «C4— at N)N	N Cl o. Cl «C4— at N)N	N Cl o. Cl «C4— at N)N		Ol	0 ca0 0 f N I	0	0		0 0 AI N 0 Ca Ol 0	al 0 0			ca 0 N CO C CO CA			o
		Ia
		D
		al
		al 0		Ol 'O0Z		0 IA	0 0 IO CI 0 IA CA	0 0 N	0 0 00		0 0 0 0 al N 0 0 I I lo	0		0 0 IA IA 00
					0 0		I 0 at 0	0 0 N N	0 0 0 Ca		0 «t 0 0 0 I 0 0 ca ol ca ca 0 N 0 IA I N ca N	0 0 'cf CD		N 0 0 CA 0 co ca 0 CV				0 ld
		I							ca									Ol Cl
									Ol									Ol
		Q.																IO
			la0 al Ol DDO Ia E0		00 IA o I 0 N N CA 0 Ol N	CD o 4I N o8 al 0 Q 0 0 0 0 0 0 AI 0 0 4I W Ih la 0 0 O O la la 0 ta Ia al al CI 0 CL Q. N N N CI N N 0 0 0 I aa oi N N			Cl0 cd to0 N «f0 00 D Cl CU U al Cl D D al 0 5 & UJ N N N N N cd 0 0 ca0 ca		CD ca0 IA ck 0O Dal Nla 0 O. N CV 0 N	0 CA co CU o 0 CD Al 0 N CV	OI \0 IDa! W N O Nal 0 Q. N N 0 ca N		Ol CA 4J 0 N O N N al 0 CO N W 4I O 0 O. N ca N Al td N 0 0 Cd I ca	Clo N CL 0 COJ Al N 0 0
	0 N td 0 Tii-			o 0 CA				0 0 0 0		o CD cd0 Ci CO IA 0 0 0 0 ID Ca ca ol Ol 008					0 0 ID ID CV	0 0 R IA lo	Cl IA ca N0
		IO															IA
								al tlt			0E
ca Z C«f 0I- Cj Z0 NI Q IA IL O IU IU Og IU O ~ Z O IU IL' UJ CUZ» UJ P Ul (J Cfl I- IU g Z —IL ZZO				'2 I E 0 CO	N0 O al a! E N ID 2 rral 0 CO 00 0 al atD00Z o O. O. 0 C9 al al -O. E.QN Nw «OE aic Nc OCD caooca eo Q.0 'D 0 OO«A NN at 0 at0 2N 0 O g0 Z Z			CO N 0o 0 CO DN 0 2P CN N m Cvc.cI- 0 'O- IL O 0 0 ta- Jt E NDN Q. 0 0 2 cg QO ID 088 co ICO- Ia «c 0 0 8 caI N Pcc 2NCD 0 E0 ID 8 0O la Z c Jg 0 N JU O & v 0 o al CL cP ia CU N 0 N 0 la ta E E EQ ta NICNUJ ND.—0 NU CD CC C N CO V 0 Nl 00 0 0 oo 0Eoc 00 QN. 0 al ' IA m I IQN~I" !AIL O Q- QJY O IL O 0 0 CL N O ale c Ecca NCIJ 0 4 O g m N!n 0 "N m '0 0 o Q. ta Ot04! NC 0 tc 0 LU CD00 IO 0 c0 L0 0 NCO N E ttl CO ow al &0 0 N OI O lo cd N 0E 8 '0 O IA Q f									4 O

			N cv 0 N + IA	CI IA	Ch CI M		O lo 5! (o	Ch I/I al co						O IA I/I	O (D Ol O	IA (0 I Pl
			al
			15e 8 E Ol4 0z				O O 0 Q al IA	O O IA 0 N	IA N I		O Q al	O Io	O lo	o CI lo N O 0 O cv	O 0 O al	lo I CV	IA		0 IA (0	0 O O
			0 Ol N N) al al eel 0Cee Cl y	O lo N	8		CI	CI CI Ch co	Q «5 I I		O O Cl M	IA Io IA		o ch O CI N O O CD ttl	o O O (0 Dl	at O N	o Q Al		O O IA Q	N 4 Ca	o Dl Ol Cl loN
			N
			fh0 0 0 )0 m 0.	O	o lo (0 N ID		IA N Ch Cl							Ch Ch IA
							N
							N	Q CI Nto						O O CI Q IA O 5!
		Ol IO	CO 0 ol C 15 N al . o ID IA 0 A	'L! O m Cl C to N Cl m N JJA I '0 Z M N N N O O I 55 CV N O O 0 O O N Cl		IO 4( Pl 0 Q. N N O Cl N	f4! Ol IA 0 cn N N al 15 Ol I 0 Q N N O Ol O N O Ca N o O8	CD 4I N oo c M IO al 0 Q Ol tflta 0 0. ta al 0o m OC o Cn O0 4I ION I o 550 N N NN O SO" I I (5 O Clo		O O O N IA ca 0 o '0 Ol N Q. Q CO N	Dl CV IA al 4( 0 o 0 Ih fh 0. O Cl N	M '4J 8 0 Q. O IO N	54( 0 Ifloo Ie C Cn 8" I M 000 Q. M 8o 0 0. Q O I O N 0 IO Iho CI OO Al		I 4J 0o 15 Ol Pll 0 CL N CV Cl Cl N o CI			CIO N N Cl CO al 4! 4l 0 0 N N o o '0 IONal 0 0. N CaN al al O O N N		CI CI IIA CD Cl
			(D																	I
	9
l-								o
CQ CC 0. Z pzp LL0 IU IU00 0;Z hz) UJ Z lU Z I- Z O M I- (L zz)0			0 z 0 IN	20 ffl CL0 g M 08 m c( Z	fh0 ta M O 0, Jlo Q oi "I'o 0J cpo coo O- CO ta P(4- z N Q 0 '0 al o' 0 UJ (/I Ol Oo m 0. IQZ		o NJ m Q OI 0. M 0 ou O 0 O0000 0 4" '0 ta cn 0 IAo0 N 0 E CL	Ifl ttl0 al4 Q al NA rh I —0 Ol 0 (55! o A.O ta O o0oQ m0 CL o.' 0 M 0 O 0 IA Ol 152 CL 0 x Q			N0 2 (5 0 O /C MJC! Q 0.o 8 olo C 0 IR 15 lao ol 0 N M gia 0C 15 M 0 O CJOO al I 0			o Q N th 0 2 m E (-UJ 3 m N el2' 2 me I al 4/0 YE 0 Mg0 O o eo0g 0. go NCO 8 ol Cao 5!" M (0 CD	(n N (5 N ,0 E 0 8 UJ (50 0 Ol M	C oM Q.I C M		J Q. (n 0 C E M	Ol 2 ta M O O O	0 CL m O

			o	e +	0
			IA	m		CO Ca			IA N M	CO 'll M			IA hl		IAO ul			Al I		O N IA 0		Ol					ca(0 IA hl	(0 IA M
			«I'0
			at
					CU
			JU Cl 8 8	0 Z					ul Al	0 PO							A! 0! Cl	IA (u		O0		'll00!		O CV			IA N	O 0 Cl IO ca
			8 0 al al al al e8) o m Aee —oc e 8 UJ+			0 Ol O! ca0			ca N IO Ol	I« ca (0			IA O IO		CO f IO		0 0	IA N X		O O I «I		O O 0		0 I CO			g O	O N IO 0 Cl N
			N0	o						O0															IA0!
			fh O 0							IA															hlO
			O.
				Cla! e Ch C '0			Ol N O M (U 0 O '0 e N 0 Q N N 0 IA CV		N 0 4I 8 V 'o ID 8 00 O. o 0 (0 CV I M 4( Oe 8 0 cn N N N N M 0 0 ca lo N			ul lo IA IO hl al O 8 0 Q N N M 0 co N		(0 ut IA 8 al Ae P 00 N N N N 0 0 co aa ol N 0		Ch0 0 8 o O. IA IA (40 4J 0 D O. CV Al 0 cu I N CV M Cl IO N						8o NI «I Ia cn cn O IA I IA al 8« 0 0 O. Q CV N N 50 M IO CV			IA 0 4I 0 0 UJ N N 0 CA	O 0 Cl IA M (U 8 Ift 0 Q N N (a 0 ClN		(u 0 CJ '0 alN al 08 O. NN M0 C«N
		e Cl ia	m	N IA 0	C! IO IA IO					I C C					0! O C (0 IO			0 0		0 0 0				8 IO		'	O g	IA0! IA IA
																												CO
Z	8																O.
																	CO
																	UJ
(U ul	(U Q								0						Cl		IU				Lh '8
0Z CU u-z IU UJ0 Cl UJ rJ Z $ 0 (U UJP (U o(AF- I- Z (4				P 2 CO		rJ fh Qm Oc 2 rn rn u! NN c N E rn		Ih00 al O al 0 »P o. al Ia cn Q3 (U —N N ID m UJ Q N 0 ta 0 O. 0 N 0O»ta N			Cl mrJ rn o. IA al (v» 2		N tll m (n IA	(UN N N$~ 5 0 PM IA (0 N NO 0 Oooo ~ 4»0 N" 8 P O e ta m P» cz 8 z (n & Ia IA Prn ICN alo! oo 0 0 0 C					N 2 c(U N m c(AS P Ia N 0 m aro (0 None«I 8- oN '4 C				00 N UJ al NC c rn 0 r U I 0 CC 8		D0 rn 8 0ef Qm ct rn 8 I N N PoR m Ocm (00™ o oo O g

		Cl e fN) A0 e N cc	Cl e fN) A0 e N cc	Cl e fN) A0 e N cc			OI co	t A ca N	0 0 N tu						CO IA	m O	0 I						0 'It 'ct	N CO
			C!	ta
			N
		Nc Ol 'D0Z					0 0 0	0 Cl	0	IA 0 ac	0 0 N		0 IA Al		0 t	A 'C	IA N				IA CC ca		0 ul	0 IO
			O N) Cl				8 0 0	8 IA 'O	8 (a CA Cl A N		0 0 ca Ol		0 0 IA CO		0 0 Ol	0 0 C 0	0 0 Ol N				o CI N	0 0 t		0 0 (CI
		NNO c ~p tll ul 0																							0 CI
		0.
									ca0 0 N Ctt(a											c! CI
			t(l																	Ol
									ut Q											ul
			Cl Olc						N N 0 0 OO N N								0.	8e cu		0 O
			'O						ltl N e ta								5	m		8
									OI OI at N IA IA IO CO								Wo			COo IQ
			0						D 'D Cl Cl al al o o									c! N ca IO		(a NIa o
									0.0.									Ol		0.
									NN CC N								N N N (0 IA 00 Ct N N			N 00
		O ta	0							0 0 CO	0 0 CO		0 0 It)		0 0	0 0	CI0			g	0		CI Cl	o Cl
		geecc m				CO					~a		cl		ca	t CO	N						IA	aa Ol
			IA
z 0	N N									N
I
O CO 0. z, & Ot- at OZO 0-o tu tu OO tlt O Z tu tu) O (0 F- I- P.			'O Clc alc 0 0 O0. 0 m 0 E (0		al 0.0 A. '8~ CQ u. IA Ia R o.'o0 El 0 al N			(A N R (0 OD CA N P ia m (0	N m O. al IA al Xe OC tu IA0 ci A (0 Iac p CI cceo A0 CC eo o Z Ql IQ fh e m c (00 IA			Cl O IU N ca O tu O 0 '5 (0 OC p		o + CQ	al c CO D N .-4e8 e 'e,oc,oc o-- cn =, OI 0 g0 'cet IA ON 0 tu N CQ tu O O			o 0 D m O	N 0 N (L' O		Ia Cl Ia OI NO aa Q. P al D al () c 0 Ci al c Ia'8 O		al OCc I: O CA	'e Ia

				N0 N
				IA					Ot 'n	CO o			0										O OC IA	CD	N IXI0
													N										Al		IA
				11
				In
				8
					OlLo0z				IA N				0 IO IA		«I 0 0 IA	O 0 N «I		O I I 4I		0 O A		0 IA N	0 O N	0 «C «I	0 CO
			0 0 e ego «I nl N tn) E 0 004						0 0 IA N	0 0 M	0 0 «I CD	0 0 Ol N	0 C« N					0 Ol cn		I O		I O	0 0 A «I	0 0	ID N CO CO
					«I
			NNO-I C ~Q 0		ln	0 Io
			CL																								CONN
																		I O to0
																		O CO N N
				m Ct														4I 4l 0 0
				0 CE F '0 'o									«I CI 4I	N cn O t CU'0 C				nt OO						0 41'0 C
																		CO CD						Ct 12
													E	imt				N	Al					000
																								In
													IA N	E 8				C 0 IL	C 0 CL					00
		ni nl	m— CL		0 CI C		0 0 cn IA		0 0 I g O	0 0	0 0 N	O CD NN	0 N N	N ID 00 00 0	3 CO 5 M	O 0 «C M		N Ct CI	N0 t CI		00	0 0 IA N	0 0 «I O	N CI CI Pl 00 Ctt Cn		CI CI
		m
				ID
	N						E IC
							CD	c
2 t—IA QZO CL3 CU Ul0 CU 0 CO C- z~ Ul LU CU C- K U.					0 0 Ih	0 0 ol 0	Og E CA CO NO nlb 0c 0) Ol N IM 00 '0 R0 m0 +IN C„.4. C to D.0 m«l 4,0 m N l5 IL N8 E& c IL co In o D. %NO o c40 E 0 C In E COIL NIU Beg ECU N P .Oe IE glom mM cclL mgCIC«0 AIDAN, CCO m 'E 8 NO C 1I0 e C U. 0 I Z Z									0	—CD Eo nl 0 C0 «I 0 CL 4I 0 2' cn0 a. 'E —0		CI0 IU o U nl e ln CO	CO 0 IA N 0 0 I«N Imt 0 N«l O. In mUJ NCD m NCD Ing Into ON E«I EO tll tll «t C CD 0 CO					0 IL

			NN
			ID
			C« ia el ll	0 al			o C!							«D N	0 N a!		N IO I Ol	al							N N «0Na!
			Yl
			L alL'00Z											Cl N	IO «0 N	0 C!		0 C!		N N 0 IO	0 IO		0 N	0
			Cl 0 al a! ta a! Ia N)			IO			t N a!		0 0 I O		0 0 0 g		0 0 Ol	ao 0 I		00 N IO	0 C! ID	N	8 N Ol	$ to tO		CI 0
			otCg Cg4
			I0
			0 ta M 0 LL	IO N																					N Ol
							N
							IO
			Ia Cl			Cl ID Ol Ol Q	IO t! W 0 Q ill		CI IO IU									0 N 00
			ta C '0			ID 0 Cl D o Ul	g N C Da! O.D 'oCo LDM	IO W N D P Cm 0)M LQ 0 a0D e af 0 at Ec0 «L Q.							Nt« o W 00 'D Iaalal 0hQ			Q. m 0 0 E $l tlt ID 0a! '0 'DN M Q,E IL IU					Cl Cl Ol'0L IaD LQ 8
						N 00 N	I«'N $$ a!0 N	NN Z$ 0OI PIN							N CIotl			Ntt Ct	N ttl ID0 N				I« o0
		Cl Cl	N 0 0.	Ct0 8		0 0 t«	'	0 0		0 0 t		0 0 ~D al		0 0 N t			0 CD	g IV N	0 0	0 0 0 0 5 K			o CI N Cl ao	Clo 0
		ta	IO																					ta
Z Q	N 0 N («
														ta
IO OZQ U IU00 LU0Z LU0 Ul OMF Z(O			0 Ih		D00 oi 09 tO M 00 ta0 E 0 m 'O M 00 ta0 al LL 0		0 0 C N m 0 a tac Itl tO C0 p IO om Q.		2 Ul ID 0 Ol Qm e 00 I 'D WQ 00 c -E Ia p e e Q.			al E M0. M 0 CL IO LN 2 a! IaC 'P0ll 'O oC C Z' N.N e D Crm 0 MOO OM al O E Q.c N —LD QMQ OQ Ct Ia0 ClD Q. OMQW tL' Q ID90 IOf IO 2 Q.							N LL al Ia'0c 0 M U.0 y 0 IO IO M	0 Ul Q. H ao 00 0 LU LQ 2ta Q.E ap gO 'm R E M	h Oe W LO 0- a L-0 LU ~ ec —0 E P! N 0 M E «( al Z E LQm M			m O

N IL0 0+ m	N I	0 N N	CC IO CO	I D N ID	CO IO	N OO N	N IO	CO	D				N IAo IQ
													N
32
IO
JD
OlE'0 0Z		0 CO	Ol	0 0 N	0 g Ul	0 CO	0 A	0	IO IA Ol
0 N;- IOV C Cl al	o 'cr Ol IA	g	0	0 0 r IA	ID oi N	0 0 0 CO	0 0 N CO	0 CQ No	0 CI CO Ol Irt	o			Ol oc! IO
C— 0 wO N I- IO 0	N Ol									0	N
D.												o