Gharlty numbor. 326446
REPORTOFTHETrUSTEES AND
UNAUDITED FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2025
FOR
¢30RDON RUSSELL TRUST
Page 1

¢XIRDON RUSSELL TRUST
CONTENTS OFTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2W25
Contsnl¥
Pago$
Relerence and admlnlstratlve deta118
Report of the Trustees
Independent Examlner'8 report to tho Tru8te8$
ststem8nt of tinanci81 actlvhle8
Bolance 8heet
Note8 to thg tinancl81 statements
1￿13
Poge 2

¢30RDON RUSSELL TRUST
REPORTOFTHE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2W25
TheTrustees presentlheir raportwith the fin8nci81 statements for the yearend8d 31 December 2025.
RE￿REN¢EAMoADM1NIsTrATlVE DEfAILS
Reglstered Charfty Number
326448
Prlnclpal address
15 Russell Square
High Street
8roadway
V4orc6slershlre
VIR12 7AP
Truslees
Jonathan Russell (Chalr)
Jonathan Glbbs
Nlcholas Duxbury
Guy Lambert
Loul86 Keevlll {Reslgned 31 May 20251
David Russ811
14Mlll8m W8lch IRa8lgn8d 29 January 20251
J8rnes Trumper (Appolnted 17 February 2025)
Flona Harrfe (Appolnied 28 October 20251
Patrons
Anne Albdght
Jamgs Rllblal
Tho Rt Hon Philip Smith
Founder Truste88
Mrs. K Bayes
AcknO￿edgIng Ihe late found￿￿ Truslao
Mr. T Chlnn
Mr. RH Leigh MBE
Examlnlng Pt£ountant
Simon James Gill - FCCA
CIO Imggln Osborne Fullerlove
95 The Promenade
Cheltenham
Gloucest8rshlr•
GL501HH
Page 3

IXJRDON RUSSELL TRUST
REPORTOFTHETRiISTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
Structure Gowmoneo And 14•n4ggmgnt
Th• Gordon Ru88011 Tru8t was estsblishad under a Tru8t dead datad 17 O¢tober 1983 and 8uppl•mental
Trust Deed datsd 10 July 1984 and furth•r $uppL•mentgd 11 Janu8ry 2022. Th8 Tru￿ 1$ an edu¢otlono1
charlty and18 a totsuy independent body. The Trust operotgs In accordance wlih the D8¢Loration of Tru8t
adopted 1983. Tho Charlty 18 managod bya Board of Tru8ts98.
Achl•vomonts and hrformqnco
2025 has boan a ￿r of eon801idation, repair and quiet progre86 for the Gordon Ru8$011 D081gn Museum.
Followlng a mld-Janu8ry r•openlngand a period 8tth8 8t8rt oftha year operatln8 Wlth very 1Smlted Stafflng
r980urce, the Tru8t'8 focu8 w88 n8c•888rlly on 8t8blllslng itt8 Org•ni8￿1on. maint8lning core op¢r411on8.
and addr•88ing a backlog of Infratstructure. compliance and m8intan8nc9 18SUo$. Thi8 WO8 not a ygar of
hgodllne gro%•rth, but one ol rebulldln8th6 operatlon81 platform on which future growth dep8nd8.
De8plte tho80 con•trnlnts. tho malntalned •n actfve progr8mm8 of publlc engagement through
tho Frlend8 lecture 88rle8. Brchivg worL couectlon development and preparatory curatorl81 actlvlty for
lortheornln8 exhSbltlon8. The dig¢tl8ation of the letters archlve. 8UPPOrted by a E700 grant from
Wvch8von Dl$trl¢t Councll. r88ulted In over 1,000 8can8 bein8 compleied and madg publlcly acc¢881bl8
onllne, maierlally Improvlng acc888 to Ihe coilecilon. Inve$iment In dlglial Infr88tructure contlnued, wlth
the mlgratSon Iromthe ieg8cyAcce88 databa8• io Starchlvelorth• m•Sorltyof th• dotaba8•. 8tr•n8thènln8
lonq-term coLi•ctlon managemgnt and re8lUence.
The year 8180 8&W tsn8lble progre88 in coll•ctlon dovelopment. A targeted publ1¢ fundTa181n8 eamp818n
rab8ed £2.813 towards tho acqu581tion of 0 1920B bra￿ Alm8 Dl8h, whSch wa8 8ucce88fully 88cuied at
•u¢tionfor£1.seo. The rernainingdgsignated balanc918 beln8 retalned foifLrture approprlate acqulsltlon8.
Th18 scqu181tion. alongside new loan8 ond collaboration8 Wrth partner8. underpin81he mu8eum'8 renewed
curatorlalfocu8 on Gordon Russ8ll'8 mats1v￿rk. ahgBd of thefonhcomlngoxhlblilon"For8•d by Deslgn. In
2026.
Operatbonatiyi a slgnificant proportlon of tru8tee. 8laff and volurrteer offtirt In 2025 wo8 dlre¢ted toword8
maklng ihe museum safe. compltant ond reliwble. Long-¥tsnding i88ues wlth heoting, lighting. lift
m81nien8nce. electrical safgty ond flre rlsk m8n88gment were 8ySt¢matic4lly gddre$sed. Whil8 thaso
InYe8tments are not always vlslbio to vlsStor8. they materi8ily Impro￿ the Bu3t8inHbility. &8fety #nd
eredlbllity of the mu8eum a8 a public-f8cing insritution. At the 8am0 time. tho retail operation wa$ reset
with a malor rÈstock and the iniroduction of improved stock control and purchasing proce8se8.
Contrlbutingto a more professional and resilienttradingoperntion.
Finoncially. the Trust experienced o loduction in incom8 comp8r8d Wilh 2024. rafl8Cting lower visitor
numbers and the imw¢t of constrained opening capacity during periods of volunteer shortage. Total
Incoming r&8ources for Ihè year wèrè £65.408 12024.. £77.6601. How8ver. this reduction in income was
off8et by tighter c03t control 8nd a lower staffing base for port of tho year. wlth iotol resour¢e$ expendgd
redu¢èd to £58.78812024: £80.5811. As a result. the Trust recorded a net surplus of £6.620 for the year
12024: dell¢li of £2.9211. marking8 retumto surplu3 foltowirbgthe prioryear's loss.
The Trust's financial position at 31 December 2025 remain¥ stsbi8. Ngt assets in¢reBsed to £364,825
12024: £358.205). with cash at bank of É40.63712024: £38A541. providin8 a modest but appropriate
ilouidity buffer. Stock hold for resale rose to É14.672I2￿24.. £9.942). refl8Cting deliberate investment in
Page4

r¢tall stock and Improved avallability in the shop. Tanglble fixed &￿t$ Increased to £309.125 following
acqul$ltlon$ forthe collection duringthe year.
Taken togethor. 2025 8hould b• understood a8 a nec•88ary year of groundwork. The Trujt ha8 priorlti88d
operational8tsbility. complian¢e. digltol Infro$tru¢iureand collgction 8teward8hip over 8hort-ierm growth.
The Tru8tee8 believe that this dl$cipllneU fo¢u$ 18ove8 the Gordon Russ911 Design Museum better placèd
to pur8ue increased visitor numbor8, Stron8er ¢ommercialperfomanc8 and more ambltlou8 exhibltlon8 In
2028 and beyond. building on a mor8 secure and proh88ion•lly run op•r•tionMI b880.
Gov•man
Fiom a gov•rnanc• and organi8ational pargpoctivé. 2025 8awimportant8tr8ngth8ningof trustee over8lght.
the r98tart ot r8gular 8Mcuthffj maailngs. and the forMA￿On of working groups lo¢u8ad on markatlng and
axhibition8. Volunt8erre¢Tultment•¢tlvltywa8 1¢-onerglsed Inthe8o¢ond h•lf oltheyearfollowSnga perlod
ol acute eon8tr8lni. and while voluntser avaliablllty did impoct openlng day8 durlng pgrt8 of th9 year, this
has 8harp•n•d th• Tru8t'8 focu8 on building a moro su8tain8blo volunteei plpellne goinq forward. We are
grateful to Loui80 Kogvlll andWILll8mWeLchforthelr ¢ontribution6 as Trustee8.
Donatlon•
Th• Tru•te•8 would ilke to place on record théir 8lncere ihank8 to the Whito R08e Foundation for tholr
excgptlonallygenerou88UPPOrto¥orlho pastthreeyoar8.The Foundatlon'l annualdonotlon of £S.000, wlth
2025 markln8 tho final year of this throe-ye8r commltment. ha8 provldod o vlial eloment of fln&nclo1
8tablllty durlng a perlod of org4nlBotlon81 Te80t and op•rBtiono1 consolidotion. This 8U8t8inod 8UPPOrt haB
dlrectly underplnned tho rnu8eum'8 ablllty to remaln op•n. contlnuo Its public programmo. and Invest In
088entlal Infr88tructure and colig¢tlon$ work. The Trusto98 are de¢ply 8Mttful for thls confSdenoe In tho
museum'8 ml881on and for the tonglblo Impaci thi8 fundlng h88 had on iho Gordon Ru88•11 De8lgn
Mu8eum'8 r88111encg 8nd 8U8talnablllty.
We are very grotglul for the conilnued 8UPPDrt from our patron8: AnneAlbrlght. Th• Hon. Phlllp Smlth and
J4rnig Ritblat.
Volunt••r•
Our loyal and ènthu¥iaBtlc Mu8eum Volunteer8 ore e88ential to enabl• tho Museum to open and operate.
We are especially ind9btgd to our week-end ¥olunteeF8. and the 8peciali8t volunleef8 who act as Tour
Guidos. manage thé MuSeumknhi￿ 8nd delivol ourgreatlyvalued progr8mme ol Fri8nd8 Event8.
Page 5

GORDON RUSSELL TRUST
REPORTOFTHETRVSTEES ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER2025
Stotement of Truste•$' R¢$ponslbllltlg5
The irustoos aro rosponsible for preparing the Rèport of the Trustees and financial 318tement8 in
•ccordance with applicoble IBW 8nd United Kingdom Accounting St8nd8rds IUKGAAPI.
The low 8pplicable to charities in England and Wales. the Charit1¢8 Act 2011. Charity IAecouni$ and
Roportsl Rcgulations 2008 and the provisions of thè irust deed require Ihe trusteès to prepare finonci81
siatomenis lor each financi81 y&ar which give a true and tsirview of tho stote ot affairs Otiho charity and of
the incoming rosourcos and appli¢ation or resources. including income and expendilL¢r?, of the charliylor
that period. In preparing the financial si8tementS Ihe tru$ie¢s ore requirod to:
Seleci sult8blfj accounting poll¢ie8 Bnd applythom consislently
Obseivè method end principles in tho Charity SORP
Make judgèments and estimates that are reasonable and prudent
Preparo ihc finoncial statoments on ihe going concern besis unless it 18 inoppropriete to pre8umo
that tha charity will coniinue in bu8ine85.
The trusta8s ar• respoftsible lor keeplng Proper accounting records whlch d13c1058 with reason8bl¥
accuracy gt ony time the financial posliion of Iho charity and to onablo thÉm to ongurè thai the Iln&nclo1
stmtements complywilh thg Choritlos Act 2011, Tho Ch8rlty IAc¢ount8 and Roportsl Rogulo1ion8 2008. ond
tho provisSons of tho trtlsr deed. They are a180 responslble lor safeguarding the asse18 of the ch8rity and
hence for taklng roasonable stEP8 for the prevention and detection of fraud Dnd other Irregularities.
Approved bythe Trust&è8 on
2026 •nd 8igned on its bghalf by:
J. Ru84ell (Chairl
Page 6

GORDON RUSSELL TRiIST
INDEPENDENT EXAMINER'S AEPORTTO THE TAIISTEES ON
THE UNAUDrrED FINANCIAL STATEMENTS FOR THe YEAR ENDED 31 DECtMBeR 2025
I report on thè I¢￿1￿3 for ihe ye#r ended 31 Dgcember 2025 sot out on po8¢s 8 to 13.
R•sp•Gt3ve Tesponslblllll•$ ol Trustee Dnd Ex•mln?r
The ¢h•ri￿S trusigÈ8 aro responsiblg for the prepai8tion ol the •ccounts. The chariry's iiustees consld¢r
th￿ an audit is not required for this ye•T (under Section 144121 of Ihe Charitiqs Act 20111.lho 2011 A¢i-I
and that an ind¢pendent eXamin￿10n1$ requI￿d.
It is my Tesponsibilityto
èxarnine the acewnis under seciion 145 01 2011 Act.
to loll(wi tho oro¢edures laid down in the Goneral Directions given by tIN> Charitios Comm5ssion
(Under Seciion 145ISllbl of the 2011 Aetl., BfKJ
to st￿0￿h•ther particul•r m•iters have come to my •tttniion.
B•sls of th• Indewndent EXamIn•r￿ r•port
My examination c8rried out in accordance with tha Genofal Diroctions givon by iho Charlty
Commission. An examin8tion in¢lude8 4 I8￿•W of the &ccouniing re¢oTds kept by ltte ¢hority and
romparison to the arcttunts prèsenied wilh those records. It also includes thè considoralion ol 8ny
unusual itgms oi disclosuros in Ihe aeeounis and soeking explanations from you as iru5teeB concefning
such mattors. Tho prOc¢du￿$ undert&ken do not piovido all rho ovtdenco whSch wouLd be require¢J in an
audit Bnd consequently no opinion 18 gfvon as to wheiher the oceounts present a 'true and fair ¥iew' ond
the reoort is limilod to those matters set Oul In the st•tement b810w.
IDrt•p•nd•nt •M*mln•¢• Stat•m•nt
In ¢onnection with my wmination. no mattèr ¢omo to my attention:
which gives me reasonabL8 e#use to believe i￿. in •ry maierial 88peffl. the requlremènts
to keep accouniin8 r•coids in accordance wth 8ethion 130 otth¢ A¢t 2011.. and
io prepare aecounrs whtch accord wlth th• xcouniinB rocords gnd to comply with the
8ecounTin8 requiremenis ol tho 2011 Aci.
have been mer. or
21
to which. in my opinion. attention Should bo drawn in otdor io enable a woper understsnding of
the 8ccounrs io bo re•ched.
SIMON JAMES GILL- FCCA
WIGGIN OSBORNE FULLERLOVE
95 THE PIIOMENADE
CHELTENHAM
GLSO 1HH
D•t•:
Page 7

GORDON RUSSELL TRUST
STATEMENTOF FINANCIALACTIVITES
IINCORPORATINO INCOME AND EXPENDITUAE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2028
Totsl
2024
2025
Noto•
In¢om• and Expendlturn
Incomlng Rosource$
Donations. legacies and Charitsble actlvltie8
Intgr9$t income
Total In¢omlngr080urces
64918
77.222
438
65,408
Rogour¢os Expondod
Costs of charitable activitie8
Other re￿￿r¢e$ expènded
Total re•ourc88 •xp8nd•d
19,782
39,006
58.78B
32.715
47.866
80.581
Net 8urpLu8 Idoficrtl lor the year
2.921
Not movgmgnt Infund8
6.820
{2.9211
AQoumulat￿ brouAhtforward
•t b•glnnlnqof y•ar
381,126
A¢¢umulat•d fvnd brouihttom
at •nd ofyear
384.828
358.205
Th• 8tatqment of finonclal •ctfvli1•8 Includ•8 AU galnl And tO8888 In th• ￿er end therefore a 8ep•rate
8tsi•m?nt of total recogn18•d g8ln8 And 108B•8 ha8 noi ￿•rt préparnd.
Ofthe Incomlng re8ourc•s. E3.51312024: £9,088) wero d88i8n•tod.
Duringth8 y••r. £1,560 01 da81gnatgd fund8wgr8 8p•nt on the 8cqui8ltlon of It•m8torth• Co1￿clI0n12O24.
£2,500) and £700 on dlglilauilon ofth• ar¢hiveB.
Page 8

GORDON RUSSELL TRUST
BALANCE SHEET
AS AT 310ECEM8ER, 2025
TotAI
2025
Total
2024
NotOS
Flxod Ass•ts
Tangible a88ets
309,1
307,565
CurT•nt a$$•t$
Debtors
Siocks
Co$h ai bank and in hand
4,217
9.942
28,454
52,613
14.672
40.637
Creditors
Due within one y88r
13.0541
11.9731
Net curront assots
50,640
Total ••i•t* l•u ¢urr•nt Il•billtl
358.205
N•t 11>9•19
364,825
358.205
Represonted by:
Designoied funds
Unrestrl¢ied lund8:
General fund8
363.572
358,205
364,825
358.205
Approved by the Trust888 and 8uihoris8d for is$￿ on
2028 and 8i8nod on thgir behalf by.
16° ty 2-26
J. RusseLi
Page 9

OORDON RUSSELL TRUSY
NOTESTOTHE FINANCIAL STATEMENTS
FOR THEYEAR ENDED31 DECEMBER 202$
1. Ac¢ountlng Poil¢l••
B0818 of proparatlon and auomment of golng concern
The accounts Itlnanclal 818tement8I havg been prepared under the hlstorlc81 cost oonventlon. wlth Itemo
r8co8nlsed •teo8t ortransactlonalvalue unl&880therwl8è 8tated Inthe relevent notel81 to the8e account8.
The financio18t•tement6 have b•en pr8paftrd In accoidanee wtth thè St8temènt of A•commended
Préctlcè.. Aceountingond Reportlng by CharltleB pr8parlngtholr account8 In accordonce with the Financlal
Reportlng Standard opplicable In the Unlied Kingdom and R8pubUc of Ireland IFAS 1021188ued on 16 July
2014 and th• Charitie8 Act 2011.
Th18 charlty con8tltute# a publlc b•noflt entlty 88 d•fin•d ty FRS 102.
¢••h Flow
The Ch•rSty h88 i•ken advantage ofthe exemption In FAS 102fr0rn the requlremontto produce 8 Ca8h flow
statement becau88 It18 a Small Charlty.
Incomlng R••ourc••
All IncomSn8 r88ouree8 are Included In the Ststement of Flnanclal Activltle8 where iha charlty18 le8aily
ontltlgd to the Income and the amount can be quantified wlth reB8onable accuracy.
Ra*ourc•• Expondod
Exp8ndltur818 aeeounted for on an accrua18 b8818 and h88 been ela88ltled undèr he8dlng8 that aggr888te
¢)st r81oted to the caiegory. Whore costs cannot be dlreclly attrlbuted to partlcular headlngs they hav•
begn oLiopAted to actlvlile8 on a b8818 con818tent wr(h Ihe of re80urce8. The irrecovornble 818mont ol
V4tUg Added Tax are Included wlthin tho Itgrn of gxpen68 towhloh It rg1•198.
Fund•
General unre8trleted funds comprlse 8ccumui818d 8urplu888 and d8fi¢lts on general activltl98. They ar8
avallable for use at the dlseretlon ol the trustees In *Jrtharnnco of th8 compmny's oblgctlvgs. Restrlcted
fundsore fundswhleh areto be used inaccordancewith specific re8trictlon8 imposed bythe donorortru¥t
deed.
Taxatlon
The charity 18 exempt from taxon its ch8rltsble 8¢tl¥rtle8.
D•btor•
Trade and other debtors are 18cognisod at the ngt settigment valu& Prepayments are valued 8t the net
Prepaid amount.
Crodltors
Creditors and provislons are r•eogn5s•d w￿rt tho charlty has 8 pros•nt oblSgation resultlng from 8 past
everrt that will probably re8uIt in tho transfer of f￿d8 Lo a third party and the amount due to settle the
obli88tion can be measured orestimated reliably. Creditorsand provi8ion8 are noTm8llyrecognised 8ttheir
net s&rylementvalue.
Page10

GORDON RUSSELL TRUST
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED)
FOA THE YEAA ENOED31 DECEMBER 2025
1. A¢¢ountlng PoUcl•s Icorrtlnuodl
Fund a¢countlng
Unrestrlcted fund8 can be u8ed in a¢cordanco with the ch8rtt8ble objectivos 8t th8 discretion of the
Irustee¥. Restricted funds can only be us9d for portlcul8r purposes within the objactives of the charity.
Deslgn•ted funds are u8ed for a 8pecrfic projo¢t$ in accordance with the wi$hg$ of the giver.
2. Incomlng Re•our¢••
Total
2024
2026
Donations. admlsslon4 Shop Sal
Grants ReceSwd
Corporate spon8or8hlplp8tronagg
Frlend8' donations. member8hlp and evenl$
Glft 8id
$5,02S
700
2.000
6.149
61.244
9,668
4.744
1.566
77,222
01 the Incomlni re80urc08. £2.813 In donatlon• and È700 In 8rant8 w8r• dè8lgnot•d 12024., £9,668 in
gran181.
3. R••ouroo• •xp•nd•d
Tot•1
2025
Total
2024
AdYert18ingand 8aLe•
conse￿Il0n
Mu8oum aw8rd8. gr8nt8 and dOna￿one Idg818naledl
0ponlng8tockfor re$•lo
Purch08e$ for r88&1e
Cio8lng 8tockfor resale
Independent e¥8mlngr's fee and accountancy
Moetlng co8t8
2,239
733
877
9,8e8
13.039
10.616
19.9421
5,968
2.479
13,368
114,872)
5,651
2,521
19,782
32.715
Meoting costs are th¢ expense$ lor the Museum Frlends. Th1$ Covers. and 1$ not Ilmited to. tha following
aciiviiies: Hosting the onllne tolks ¥nd poyln8 mod9si exp8nsg$ for thg $P08kgrs. administraiion for new
and renewal of memberships ond the expenses for in person events such as the Volunteers and Friends
Summer Party.
Pag811

GQRDQN RUSSELL TRusr
NOTESTOTHE FINANCIALSTATEMENTS (C014TINUED)
FOR THE YEAR ENDED 31 DECEM8eR 2028
3. Resour¢e• oxpondod {¢ontlnuedl
Other re8ourc88 aro r•pie8•nted ty.
Totol
2024
2025
Employee costs
Premisas costs
General admlnl8trat1￿ c08ts
28,544
9.000
10.322
13.799
10.745
39.006
47.866
St•ff ¢o#ts
hor re8ourc88 are represented ty.
Totsl
2025
Total
2024
Salèrl•8 ènd wage8
Pgnjlon co8t8
14,463
28,170
374
28,644
6. Tanglbi•llx•d •¥¥•t¥
Land arKI Plant ond
A￿h[v&
FI￿ul•l.
bullding8 machlnery couectlon ffttlng8 8nd
equlpmom
Total
Co•t or rnvaluatlon
At l January 2025
Additiong
At 31 Dacornbaf2025
229.081
222,170
307,565
1,580
309.125
18,435
777.251
1.560
778.811
229,081
222.170
18.435
Dopreclalk•n and Impalrm•nt
At l J8nuary 2025
Addlilon8
At31 December 2025
229.081
222.170
18.435
489.686
229.081
222.170
18.435
469.686
Not bookvaluo
31 Decombor 2025
309.125
309.125
31 Dècemb8r2024
307,565
307.565
Page12

GORDON RUSSELL TRUST
NOTES TOTHE ANANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6. Stocks
T•xal
Total
2024
stock hgwfor rosaie
146n
9.942
Debtors
Totsl
2025
Total
2024
Trade debtors
Prepayment$
631
3.586
121
4,217
8. CroditOT¥
Totsl
Total
2024
DUÈ within one year:
PAYE and National Insur8nc8
Accruals and deferred incomg
11667)
6.720
141991
6.172
1.973
9. Funds movement
General
Fund
General Designated
Fund:
Fund
Collection
Total
Funds
Ai 1 Jonu•ry2024
Net incomeforthe yfj8T
Acquisitions forthe calLèthon
At 310ecember 2024
53.561
12,921}
305.065
2.500
361.126
12.921)
2.500
307.585
12.5001
50.640
358.205
Ngt In¢omo forthe year
Acquisiiion$forthe collection
At31 D¢¢•mb8r2025
3.807
2.813
(1.5601
6.820
1.580
309.125
54.470
364825
During the year the Trust Launched a $Ls¢¢esslul fundral$ln8 to purchase a 19208 Brass Alm$ Dlsh lorthe
collection. Thelund r8islng raised £2.813: the Alms Di#hw8s acquired for £1.560 atauction. The rernaining
funds raised are beingret8ined forfuture appropilate 8¢quisltlonslorihe ¢ollo¢tlon.
Pa8e13