Annual Report
2020-2021
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|'1<br>I<br>'<br>~||||
|---|---|---|---|
|Total income||1.378m|1.036m|
|Total expenditure||l.072m|0 957m|
|Total funds||6.808m|7.598m|
|Voluntary<br>income (donations)||0.022m|0.02701|
|Investment<br>income||0.116m|O.le1m|
|Charity activity income||l.091m|0.503m|
|Investment<br>management|costs|o.o26m|o.o26m|
|Cost ofcharitable activities||1.013m|o.899m|
|Goveroance||0.022m|0.019m|
|Governance<br>as %total expenditure||2.1696|2.1796|



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|Registered|charity|name|name|The Sharpham|Trust||||
|---|---|---|---|---|---|---|---|---|
|Charity registration||number||285767|||||
|Company|registration||number|01659601|||||
|Principal office and||registered||Sharpham<br>House|||||
|office||||Ashprington|||||
|||||Totnes|||||
|||||Devon|||||
|||||TQ9 7UT|||||
|The trustees||||Mr W Lane|||||
|||||Mr M Wright|||||
|||||Mr T Kohl|||||
|||||Mr D Stokes|||||
|||||Mrs C Rathbone|||||
|||||Mrs ESeward|||||
|||||Ms J Richardson|||(Appointed|1 September 2020)|
|Company|secretary|||Mr M Wright|||||
|Auditor||||Elliott Bunker Limited|||||
|||||Chartered<br>Accountants||&statutory|auditor||
|||||61 Macrae Road|||||
|||||Ham Green|||||
|||||Bristol|||||
|||||BS20ODD|||||
|Bankers||||Lloyds|||||
|||||PO Box1000|||||
|||||Andover|||||
|||||BX1 1LT|||||
|Investment|managers|||Close Brothers|Asset|Management|||
|||||Primrose Street|||||
|||||London|||||
|||||EC2A 2BY|||||





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|||||2021|2021||2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|||
|||Note|funds<br>f|funds<br>f|funds<br>f|Total funds<br>f|Total funds<br>f|
|Income and endowments||||||||
|Donations<br>and legacies||5|344,886|64,122||409,008|80,050|
|Charitable<br>activities||6|503,290|||503,334|1,091,236|
|Other trading activities||7|22,122|||22,122||
|Investment<br>income||8|101,179|||101,179|116,060|
|Other income||9|||||90,713|
|Total income|||971,477|64,166||1,035,643|1,378,059|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Costs ofraising||||||||
|donations<br>and||||||||
|legacies||10|4,809|||4,809|5,000|
|Costs ofother||||||||
|trading activities||11|24,305|2,512||26,817|28,046|
|Investment||||||||
|management|costs|12|26,220|||26,220|26,358|
|Expenditure<br>on||||||||
|charitable<br>activities||13,14|838,333|60,692||899,025|1,012,897|
|Total expenditure|||893,667|63,204||956,871|1,072,301|
|Net gains/(losses)<br>on||||||||
|investments||15|711,056|||711,056|(319,468)|
|Net income/(expenditure)||and||||||
|net movement<br>in funds|||788,866|962||789,828|(13,710)|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward||2,326,914|81,510|4,399,777|6,808,201|6,821,911|
|Total funds carried|forward||3,115,780|82,472|4,399,777|7,598,029|6,808,201|





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|31March 2021|||||
|---|---|---|---|---|
||||2021|2020|
||||8|F|
|Fixed assets<br>Tangible fixed assets<br>Investments||192,$55,839<br>20<br>4,599~0||2,848,729<br>4,330,610|
||||7,465,119|7,179,239|
|Current assets|||||
|Debtors||21|12,687|12,153|
|Cash at bank and in|hand||628,824|241.989|
||||841,511|254,142|
|Creditors: amounts|falling due within one year|22|463,601|475,180|
|kst current assets|||177,910|(221,038)|
|Total assets less current liabilities|||7,643,02$|6,958,201|
|Creditors: amounts|falgng due after more than one year|23|45,000|150,000|
|ket assets|||7,598,029|6,808,20'I|
|Funds ofthe charity|||||
|Endowmentfunds|||4,399,777|4.399,777|
|Restdcted funds|||82,472|81,510|
|Unrestnctsd<br>funds|||3,115,780|2,326,914|
|Total charity funds||25|7,598,029|6,808,201|





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|Year ended 31)larch|2021||||
|---|---|---|---|---|
||||2021<br>f|2020<br>f|
|Cash flows from operating|activities||||
|Net income/(expenditure)|||789,828|(13,710)|
|Adjustments<br>for.|||||
|Depreciation<br>oftangible fixed assets|||26,479|29,517|
|Net gains/(losses)<br>on investments|||(711,056)|319,468|
|Dividends,<br>interest and rents|from investments||(101,179)|(116,060)|
|Interest payable and similar|charges||10,081|12,555|
|Gains on disposal oftangible|fixed assets|||(90,713)|
|Accrued expenses/(income)|||33,434|(21,546)|
|Changesin:|||||
|Trade and other debtors|||4,140|19,366|
|Trade and other creditors|||(147,442)|285,718|
|Cash generated<br>from operations|||(95,716)|424,595|
|Interest paid|||(10,081)|(12,555)|
|Net cash (used in)/from<br>operating<br>activities|||(105,796)|412,040|
|Cash flows from investing|activities||||
|Dividends,<br>interest and rents|from investments||101,179|116,060|
|Purchase oftangible assets|||(133,589)|(479,117)|
|Proceeds from sale oftangible assets||||140,713|
|Purchases<br>ofother investments|||(416,342)|(617,242)|
|Proceeds from sale ofother|investments||948,628|387,902|
|Net cash from/(used<br>in) investing<br>activities|||499,876|(451,664)|
|Cash flows from financing|activities||||
|Proceeds from loans from group undertakings|||(7,245)||
|Net cash used in financing<br>activities|||(7,245)||
|Net increase/(decrease)<br>in <br>Cash and cash equivalents|cash and cash <br>at beginning|equivalents<br>ofyear|386,835<br>241,989|(39,644)<br>281,633|
|Cash and cash equivalents|at end ofyear||628,824|241,989|





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|Donations and le|gacies||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
||||6|6|
|Donations|||||
|Donations<br>Central||10,200||10,200|
|Donations<br>Sharpham<br>Programme||15,395||15,395|
|Donations<br>Barn Retreat Centre||738|962|1,700|
|Donations<br>Sharpham<br>Outdoors|||||
|Grants|||||
|Grants receivable|estate||15,000|15,000|
|Grants receivable|programme||||
|Grants receivable|Awards for All - Conservation||||
|Volunteers|||||
|Grants receivable|Mindful-in-Nature||14,613|14,613|
|Grants receivable|Wild for People||27,733|27,733|
|Grants receivable|Coach House roof|25,000||25,000|
|Covid-1 9Job Retention Scheme||76,572|5,814|82,386|
|South Hams DC Covid-19 support||73,837||73,837|
|National<br>Heritage|Covid-19support|143,144||143,144|
|||344,886|64,122|409,008|
|||Unrestricted|Restdicted|Total Funds|
|||Funds<br>6|Funds|2020<br>f|
|Donations|||||
|Donations<br>Central|||||
|Donations Sharpham<br>Programme||17,157||17,157|
|Donations<br>Barn Retreat Centre||647|4,159|4,806|
|Donations Sharpham<br>Outdoors||503||503|
|Grants|||||
|Grants receivable|estate|8,236||8,236|
|Grants receivable|programme||6,262|6,262|
|Grants receivable|Awards for All - Conservation||||
|Volunteers|||4,184|4,184|
|Grants receivable|Mindful-in-Nature||38,902|38,902|
|Grants receivable|Wild for People||||
|Grants receivable|Coach House roof||||
|Covid-1 9Job Retention Scheme|||||
|South Hams DC Covid-19 support|||||
|National<br>Heritage|Covid-19 support||||
|||26,543|53,507|80,050|





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|Charitable|activities||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021<br>f|
|Rental income||103,977||103,977|
|Other||4,989||4,989|
|Sharpham|House|1,210||1,210|
|Estate||137,586||137,586|
|Sharpham|Programme|160,534||160,534|
|Sharpham|Outdoors|54,235||54,235|
|Barn Retreat||37,139||37,139|
|Other income||3,620||3,664|
|||503,290|44|503,334|
|||Unrestricted|Restricted|Total Funds|
|||Funds<br>F|Funds<br>f|2020<br>F|
|Rental income||109,323||109,323|
|Other||67||67|
|Sharpham|House|186,932||186,932|
|Estate||143,592||143,592|
|Sharpham|Programme|407,581||407,581|
|Sharpham|Outdoors|60,103||60,103|
|Barn Retreat||181,795||181,795|
|Other income||1,843||1,843|
|||1,091,236||1,091,236|



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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021<br>f|Funds|2020<br>f|
|Fundraising||22,122|22,122|||
|Investment|income|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||f|f||F|
|Income from|listed investments|93,934|93,934|116,060|116,060|
|Income from|group undertakings|7,245|7,245|||
|||101,179|101,179|116,060|116,060|





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|9.|Other income|Other income||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|||||||8|8|6|F|
||Gain on disposal oftangible||||fixed assets|||||
||held for chadity's||own use|||||90,713|90,713|
|10.|Costs ofraising||donations||and legacies|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|||||||||8||
||Costs ofraising||donations|and legacies-||||||
||Donations|||||4,809|4,809|5,000|5,000|
|11.|Costs ofother trading activities|||||||||
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2021|
||||||||8|F|6|
||Fundraising|and|advertising||||24,305|2,512|26,817|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2020|
||||||||6|F|F|
||Fundraising|and|advertising||||26,175|1,871|28,046|
|12.|Investment|management|||costs|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
||||||||||F|
||Investment|management||fees||26,220|26,220|26,358|26,358|





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|Expenditu|re<br>on charitable activities<br>by|fund type|||
|---|---|---|---|---|
|||Unrestricted|Restricted|TotalFunds|
|||Funds|Funds|2021|
|||8|||
|Centre||275,705||275,705|
|Estate||171,074|15,000|186,074|
|Sharpham|Programme|158,846|17,748|176,594|
|Barn Retreat Centre||62,467||62,467|
|Sharpham|Outdoors|50,735||50,735|
|Sharpham|House|100,023||100,023|
|Wild For|People||27,944|27,944|
|Support costs||19,483||19,483|
|||838,333|60,692|899,025|
|||Unrestdicted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||F|6|5|
|Centre||184,217||184,217|
|Estate||132,833||132,833|
|Sharpham|Programme|283,342|48,069|331,411|
|Barn Retreat Centre||101,962|3,859|105,821|
|Sharpham|Outdoors|53,291||53,291|
|Sharpham|House|183,409||183,409|
|Wild For|People||||
|Support costs||21,915||21,915|
|||960,969|51,928|1,012,897|



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|14.|Expenditure|on ch|aritab|le activitie|s by ac|tivity type||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Activities||||
|||||||undertaken||Totalfunds|Total fund|
|||||||directly<br>f|Support costs<br>f|2021<br>f|2020<br>f|
||Centre|||||275,705||275,705|184,217|
||Estate|||||186,074||186,074|132,833|
||Sharpham|Programme||||176,594||176,594|331,411|
||Barn Retreat Centre|||||62,467||62A67|105,821|
||Sharpham|Outdoors||||50,735||50,735|53,291|
||Sharpham|House||||100,023||100,023|183,409|
||Wild For People|||||27,944||27,944||
||Governance|costs|||||19,483|19,483|21,915|
|||||||879,542|19,483|899,025|1,012,897|
|15.|Net gains/(losses)||on investments|||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds<br>f|2021<br>f|Funds<br>f|2020<br>f|
||Gains/(fosses)<br>on other|||investment|assets|711,056|711,056|(319,468)|(319,468)|
|16.|Net income/(expenditure)|||||||||
||Net income/(expenditure)|||is stated after charging/(crediting):||||||
|||||||||2021|2020|
|||||||||F|f|
||Depreciation<br>oftangible|||fixed assets||||26,479|29,517|
||Gains on disposal oftangible fixed assets||||||||(90,713)|
|17.|Staff costs|||||||||



|The total staff costs an|d employee|benefits forthe reporting<br>|period are analysed as follows:||
|---|---|---|---|---|
||||2021<br>f|2020|
|Wages and salaries|||362,140|396,798|
|Social security costs|||19,757|19,948|
|Employer contributions|to pension|plans|21,226|19,748|
||||403,123|436,494|





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|<br><br>equivalent<br>employees<br>during the year is analyse|<br>d as follows:||
|---|---|---|
||2021|2020|
||No.|No.|
|Central|3|4|
|House|4|5|
|Estate|3|3|
|Programme|3|3|
|Barn Retreat|1|1|
||14|16|



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|Tangible gxed assets||||||
|---|---|---|---|---|---|
|||||Assets<br>in||
||Land and|Fixtures and||course of||
||buildings<br>f|fittings<br>f|Motor vehicles<br>9|construction|Total|
|Cost||||||
|At 1 April 2020|2,614,118|429,635|11,430|16,087|3,071,270|
|Additions||5,791||127,798|133,589|
|At 31March 2021|2,614,118|435,426|11,430|143,885|3,204,859|
|Depreciation||||||
|At 1 April 2020|81,906|130,455|10,180||222,541|
|Charge for the year|9,043|16,811|625||26,479|
|At 31 March 2021|90,949|147,266|10,805||249,020|
|Carrying<br>amount||||||
|At 31 March 2021|2,523,169|288,160|625|143,885|2,955,839|
|At 31 March 2020|2,532,212|299,180|1,250|16,087|2,848,729|



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|Investments||||||
|---|---|---|---|---|---|
||||Shares|in||
||Cash orcash|Listed|group|||
||equivalents|investments|undertakings||Total|
||||6||F|
|Cost orvaluation||||||
|At 1 April 2020|237,183|3,813,283|280,044||4,330,510|
|Additions|450,397|565,945|||1,016,342|
|Disposals||l948,628)|||(948,628)|
|Transfers|l600,000)||||(60D,OOD)|
|Other movements||711,055|||711,056|
|At 31 March 2021|87,580|4,141,656|280,044||4,509,280|
|Impairment||||||
|At 1 April 2020 and 31 March 2021||||||
|Carrying<br>amount||||||
|At 31 March 2021|87,580|4,141,656|280,044||4,509,280|
|At 31 March 2020|237,183|3,813,283|280,044||4,330,510|



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|Creditors: amounts|falling due within<br>one year|||
|---|---|---|---|
|||2021|2020|
||||E|
|Trade creditors||31,064|28,208|
|Amounts<br>owed to group undertakings||27,726|34,971|
|Accruals and deferred|income|291,141|253,033|
|Social security and other taxes||6,963|8,951|
|Other creditors||106,707|150,017|
|||463,601|475,180|
|Creditors: amounts|falling due after more than one year|||
|||2021|2020|
|||E|E|
|Other creditors||45,000|150,000|



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|Unrestricted<br>funds|||||||
|---|---|---|---|---|---|---|
||At 1 April||||Gains and|At 31 March|
||2020|Income|Expenditure|Transfers|losses|2021|
||E|E|E|F|E|E|
|General funds|2,326,914|971,477|893,667||711,056|3,115,780|
|Restricted funds|||||||
||At 1 April||||Gainsand|At31March|
||2020|Income|Expenditure|Transfers|losses|2021|
||E|||F||E|
|Thomas Welch|||||||
|Fund|81,104|||||81,104|
|Ash-Wheeler|||||||
|Bursary Fund|106|||||106|
|Mindful<br>in Nature||17,748|17,748||||
|Barn Bursary Fund|300|962||||1,262|
|Wild for People||30,456|30,456||||
|Cycle Path||15,000|15,000||||
||81,510|64,166|63,204|||82,472|





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|26.|Analysis ofnet a|sse|ts between funds|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total Funds|
|||||Funds<br>f|Funds|Funds<br>f|2021<br>f|
||Tangible fixed assets|||1,115,839||1,840,000|2,955,839|
||Investments|||1,868,399|81,104|2,559,777|4,509,280|
||Current assets|||640,143|1,368||641,511|
||Creditors less than|1|year|(463,601)|||(463,601)|
||Creditors greater than||1 year|(45,000)|||(45,000)|
||Net assets|||3,115,780|82,472|4,399,777|7,598,029|
|||||Unrestricted|Restricted|Endowment|Total Funds|
|||||Funds<br>f|Funds<br>f.|Funds<br>f|2020|
||Tangible fixed assets|||1,008,729||1,840,000|2,848,729|
||Investments|||1,689,629|81,104|2,559,777|4,330,510|
||Current assets|||253,736|406||254,142|
||Creditors less than|1|year|(475,180)|||(475,180)|
||Creditors greater than||1 year|(150,000)|||(150,000)|
||Net assets|||2,326,914|81,510|4,399,777|6,808,201|
|27.|Analysis ofchanges||in net debt|||||
||||||||At|
||||||At 1 Apr 2020<br>f|Cash flows<br>f|31 Mar 2021<br>f|
||Cash at bank and|in hand|||241,989|386,835|628,824|
||Debt due within one year||||(34,971)|7,245|(27,726)|
||||||207,018|394,080|601,098|





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