2025-04-05-accounts

A Sinclair Henderson Trust

Charity Ref: S$C016110

Accounts for the year to 5 April 2025

Contents Report by Trustees Report by Independent Examiner Accounts Notes to the Accounts Appendices of Investments

Thorntons Law LLP, Solicitors, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4B) Telephone: [phone] Fax: [phone]

2

A Sinclair Henderson Trust

Report of the trustees for the year to 5 April 2025

==> picture [71 x 9] intentionally omitted <==

----- Start of picture text -----
Date/Manner of
----- End of picture text -----

Appointment of trustees

Trustees are nominated by the then existing trustees and their appointment confirmed by formal Deed of Assumption.

Agents and Administrators for the Trust (and principal address of the Charity) Thorntons Law LLP, Whitehall House, 33 Yeaman Shore, Dundee DD1 4B)

Investment Managers

Rathbone Investment Managers Ltd, (‘Rathbones’) George House, 50 George Square, Glasgow G2 1EH

aminer

Partner, Henderson Loggie LLP, The Vision Building, 20 Greenmarket, Dundee DD1 4QB

Charity Reference

Scottish Charity No: SC016110

Constitution and Objects l o of Trust, dated 1 Apri! 1969, by[iii and registered with OSCR on 1 July 1969.

Beneficiaries include all or any one or more of:- (a) The Church of Scotland General Trustees; (b) The National Trust for Scotland; (c) The Old People’s Welfare Committee of the Dundee Council of Social Service, or any charitable institution concerned with the welfare of the citizens of Dundee; (d) The University Court of the University of Edinburgh; (e) The University of Southampton; (f) The University of Dundee; (g) The Royal Commonwealth Society for the Blind, or any other charitable institution connected with work for the blind; (h) any other charitable institution or charitable institutions selected from time to time by the Trustees.

Note:

On 30 May 1997 the Trustees agreed, under the terms of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990, to the transfer into the Trust of the Capital funds of the Andrew Millar Charitable Trust. The total funds transferred amounted to £16,050

Vesting Date: 1 April 2044

3

A Sinclair Henderson Trust

Report of the trustees for the year to 5 April 2025 (cont)

Organisation

The day-to-day administration is carried out by Thorntons Law LLP, as agents for the Trust. The trustees meet annually to consider grant applications and to review any other relevant aspects of the Trust's affairs.

Achievements and performance

The trustees have continued their policy of making donations to those charities and institutions as directed in the trust deed. Although significant investment sales have been required in recent years in order to maintain the level of distributions, the trustees are satisfied that this policy best meets the objects set out in the Charity’s constitution.

Investment Policy and Performance

There are no restrictions in the Deed on the trustees’ power to invest. The policy is, long term, to adopt a medium risk investment strategy, including equity investments, to produce a balance of income and capital growth. Rathbones classify the Portfolio as Medium/High Risk

Financial Position

The financial position is as set out on pages 5 and 6.

Reserves Policy

The reserves of the Trust originate from original and subsequent capital bequests, together with the movement in the value of investments, and accumulated revenue. The trustees have adopted a reserves policy that ensures the continuing ability of the Trust to meet its objectives. The level of free reserves held at 5 April 2025 was £617,885 (2024 - £702,003).

Approved by the Trustees and signed on their behalf:

4

A Sinclair Henderson Trust

Independent Examiner's Report to the Trustees of A Sinclair Henderson Trust

I report on the accounts of the charity for the year ended 5 April 2025 which are set out on pages 5 to 9.

This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken to enable me to report my opinion set out below and for no other purpose. To the fullest extent permitted by law I do not accept or assume responsibility to anyone other than the trustees, as a body, for my work or for this report.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

2. e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Partner

Henderson Loggie LLP The Vision Building Greenmarket Dundee DD1 4QB

2025

5

A Sinclair Henderson Trust

Receipts and Payments Account for the year ended 5 April 2025

	Schedule/	2025	2024
	Appendix	£	£
Receipts
Investment income	Sch 1	16,316	17,688
Net Sale proceeds of investments	App2	13,681	55,918
Total receipts		29,997	73,606
Payments
Charitable activities	Sch2	35,550	49,244
Governance	Sch3	4,538	4,000
Costs ofgenerating funds	Sch 4	6,210	6,078
Total payments		46,298	59,322
(Deficit)/Surplusforyear		(16,301)	14,284

All funds are unrestricted.

6

A Sinclair Henderson Trust

Statement of Balances as at 5 April 2025

	Schedule/	2025	2024
	Appendix	£	£
Cash on deposit and on hand
Opening balance		33,281	18,997
(Deficit)/Surplus for year		___ (16,301)©	14,284
Closing balance		16,980	33,281
Reserves
Unrestricted Funds		16,980	33,281
Investments
As valued at 05.04.25	App3	599,064	694,507
Estimated Debtors as at 05.04.25
Pending Investment sales settled after 5 April 2025		14,213	-
Estimated Liabilities as at 05.04.25
Thorntons Law LLP, administration fees		7,500	6,300
Henderson Loggie LLP, Independent Examiner's fee		726	660
Rathbones, Investment Management fee		1,396	1,575
10 year commitment (2021-2030) to the Marjorie Henderson Prize		2,750	3,000
Pending Investment purchases settled after 5 April 2025		-	14,250
		12,372	25,785

Approved by the Trustees and signed on their behalf:

—MAIZSZSA Date

7

A Sinclair Henderson Trust

Schedule 1		2025	2024
Income received		£	£
Dividendsand interest, perAppendix 1		16,316	17,688
Schedule 2
Charitable Activities
Distributions made in year -
University of Southampton, for bursaries		3,000
University of Edinburgh, for bursaries		3,000
University of Dundee, for student hardship fund		3,000
University of Dundee, Marjorie Henderson Prize		550
Age Concern Dundee		2,000
RNIB		1,000
Starter Packs Dundee		1,000
Dundee Carers Centre		2,000
Pitlochry Festival Theatre		1,000
Maggies Centre		2,000
Childrens Hospice Assoc Scotland		2,000
Benedetti Foundation		1,000
Guide Dogs		1,000
Butterfly Trust		1,000
Scotland Air Ambulance		2,000
National Trust Scotland		3,000
		28,550	42,444
Support costs (Schedule 3)		7,000	6,800
		35,550	49,244
Schedule3 SupportCosts	Governance £	Charitable Activities £	2025 Totai £
Thorntons, balance of their fee for Trust administration,
commissions, posts, etc. forthe year to 05.04.24 (incVAT)	2,100	4,200	6,300
Thorntons, to account of their fee for Trust administration,
commissions, posts, etc. forthe yearto 05.04.25 (incVAT)	1,400	2,800	4,200
Henderson Loggie LLP, Independent examination fee	660	-	660
Trustees expenses June 2024	358	-	358
Registers ofScotland — registration ofDeed	20	-	20
	4,538	7,000	11,538

No Trustees received any remuneration from the Trust during the year ended 5 April 2025. During the year to 5 April 2025, one Trustee received reimbursement of travel expenses (£287) (2024: none). The balance of the expenses was for a lunch to mark the retiral of Mr McDonald (£71).

8

A Sinclair Henderson Trust

Schedule 3 Support Costs	Governance	Charitable Activities	2025 Total
	£	£	£
Thorntons, balance of their fee for Trust administration,
commissions, posts, etc. for the year to 05.04.23 (inc VAT)	2,000	4,000	6,000
Thorntons, to account of their fee for Trust administration,
commissions, posts, etc. for theyearto 05.04.24 (inc VAT)	1,400	2,800	4,200
Henderson Loggie LLP, Independent examination fee	600	-	600
	4,000	6,800	10,800
		£	£
Schedule 4		2025	2024
Costsofgenerating funds
Rathbones, portfolio management fees		6,210	6,078
		£	2
Schedule 5		2025	2024
Statement ofRevenue balance as at 05.04.25
Income received in year		16,316	17,688
Distributions paid to beneficiaries		(28,550)	(42,444)
Supportcosts		(7,000)	(6,800)
Deficit for year		(19,234)	(31,556)
Balance as at 05.04.24		(193,505)	(161,949)
Balanceasat05.04.25		(212,739)	(193,505)

9

A Sinclair Henderson Trust

Notes to the Accounts

1. Accounting Policies

Basis ofPreparation

The Accounts are prepared in accordance with the Charities Accounts (Scotiand) Regulations 2006 (as amended).

2. Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

3. Investment managers

The Trustees approve the continued appointment of the Investment Mangers as detailed in the Report of the trustees in these Accounts, and on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force.

4. Independent Examiner

The Trustees approve the continued appointment of the Independent Examiner as detailed in the Report of the trustees in these Accounts.

5. Nomineeship

The trustees approve the continued appointment of the nominee company as detailed in the General Information section in these Accounts to continue to hold certain or all of the investments owned by the trustees, and that on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force.

Appendix 1-

A Sinclair Henderson Charitable Trust

Year ended Sth April 2025

Summary of Dividends and Interest

			Net
			Income
UK Equities Dividends
	per Rathbones		5,785
Unit Trust/OEIC Dividends
	per Rathbones		1,405
UK Unit	Trust Interest
	per Rathbones		1,568
UK Gilt	& Other Interest (Gross)
	per Rathbones	1,219
	per Thorntons	58	2
Property Income Dividends
	per Rathbones		0
Foreign	Dividend Income
	per Rathbones		6,281
			16,316

==> picture [403 x 495] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |A Sinclair Henderson|Char Trust|Appendix|2| |(Investment Transactions|2024-25| |Date|Transaction|Purchases|Sales| |£|£| |08/04/2024|PURCHASE|7,700|HERMES INVESTMENT MGMT US|SMI0|Equity|L2|Inc (GBP)|14,249.62| |18/04/2024|=|SALE|60|AUTODESK|INC NPV Common Stock|10,081.65| |22/05/2024|SALE|100|QUALCOMM|INC|USDO0.001|Common|Stock|15,841.11| |22/05/2024|PURCHASE|18|BLACKROCK|INC|NPV|Class A Common|Stock|11,435.94| |22/05/2024|PURCHASE|130|ABBOTT LABORATORIES NPV Common|Stock|10,580.86| |22/05/2024|= PURCHASE|1,400|JP MORGAN JAPANESE|INV TRUST 25p Ordinary Shares|7,150.43| |22/05/2024|=|SALE|2,600|MERCANTILE INVESTMENT TST PLC 2 1/2p Ordinary Shares|6,342.72| |22/05/2024|PURCHASE|210|PERSIMMON|PLC|10p|Ordinary|Shares|2,967.39| |23/05/2024|SALE|12,249|M&G SECURITIES LTD|Global|Macro Bond PP|Inc|9,724.13| |24/05/2024|PURCHASE|3,300|HERMES INVESTMENT MGMT US SMID Equity L2|Inc|(GBP)|5,999.07| |06/06/2024|PURCHASE|40|APTIV PLC USDO.01 Common|Stock|2,571.66| |06/06/2024|PURCHASE|190|SYSCO CORP NPV Common|Stock|10,853.21| |06/06/2024|PURCHASE|13|MICROSOFT CORP|USD 0.00000625|Common|Stock|4,324.48| |06/06/2024|SALE|31,400|LLOYDS BANKING GROUP|10p Ordinary Shares|17,458.70| |06/06/2024|PURCHASE|480|COMPASS GROUP PLC|11.0Sp Ordinary Shares|10,642.38| |07/06/2024|SALE|8,700|ROYAL|LONDON|UNIT TRUST MGRS|Ethical|Bond Z|Inc|8,675.64| |21/06/2024|SALE|180|RECKITT BENCKISER|GROUP PLC 10p Ordinary|Shares|7,977.10| |21/06/2024|PURCHASE|80|NOVO-NORDISK|AS|DKKO.1|Ser|B|Shares|9,009.96| |25/06/2024|SALE|11S|UNILEVER|PLC|3|1/9p|Ordinary Shares|§,102,32| |25/06/2024|SALE|130|CRODA INTERNATIONAL PLC 10.609756p|Ordinary Shares|5,286.24| |25/06/2024|SALE|4|ASML HOLDINGS|NV EURO.09|Shares (Post|Split)|3,150.89| |26/06/2024|SALE|7S|VONTOBEL FUND MGMT SA Twentyfour|Abs Rtn Cred AQG|7,315.50| |01/08/2024|= EQULN|HERMES INVESTMENT MGMT US SMID|Equity L2|Inc (GBP)|3.34| |23/08/2024|= PURCHASE|120|LONDON STOCK EXCHANGE GRP PLC 6 79/86p Ordinary Shares|12,061.00| |23/08/2024|SALE|7S|ESTEE|LAUDER|COS|USDO.01|Class A Common|Stock|5,224.42| |23/08/2024|SALE|130|SHELL PLC EURO.O7|Ord Shs (UK|Quote)|3,525.63| |23/08/2024|SALE|2,600|MERCANTILE|INVESTMENT TST|PLC|2|1/2p|Ordinary|Shares|6,490.54| |30/09/2024|EQULN|JUPITER UNIT TRUST MGRS Japan|Income U2|Inc|60.10| |31/10/2024|ACC DIV|BLACKROCK ASSET MGRS European|Absolute Alpha|Acc|143.64| |04/11/2024|PURCHASE|SO|CADENCE|DESIGN SYSTEMS INC USD0.01 Common|Stock|11,111.69| |04/11/2024|PURCHASE|65|TEXAS INSTRUMENTS INC Common|Stock|10,245.34| |04/11/2024|SALE|700|SMITH|& NEPHEW|PLC USDO.20|Ordinary Shares|6,690.62| |04/11/2024|SALE|5,200|ABRDN|ASIAN INC NPV Ordinary Shares|11,024.00| |04/11/2024|PURCHASE|S|ASML|HOLDINGS NV EURO.09|Shares|(Post|Split)|2,651.72| |04/11/2024|PURCHASE|40|NOVO-NORDISK AS|DKKO.1|Ser B Shares|3,446.11| |05/11/2024|SALE|28,000|SCHRODER|INVESTMENT MGMT Gbl|Alternative|Energy Q1|Inc|10,757.60| |20/12/2024|SALE|180|APTIV PLC|USDO.01|Common|Shares|8,414.35| |20/12/2024|PURCHASE|24|ROPER|TECHNOLOGIES INC|USD0.01|Common|Stock|10,011.58| |20/12/2024|PURCHASE|10|PARTNERS GROUP HOLDING AG CHFO.01 Shares|(Regd)|10,729.42| |20/12/2024|SALE|420|VESTAS|WIND SYSTEMS|OKKO.20|Shares|(Post|Split)|4,374.41| |20/12/2024|SALE|17,000|TREASURY 7/8% Bonds 31/01/2046|7,986.60| |20/01/2025|=|SALE|14,000|TREASURY 1/4% Gilt 31/01/2025|13,995.55| |21/01/2025|PURCHASE|13,000|TREASURY|3|1/2% Bonds|22/10/2025|13,024.00| |24/02/2025|SALE|360|DIAGEO|PLC 28|101/108p Ordinary Shares|7,906.73| |24/02/2025|=PURCHASE|47|MARSH|& MCLENNAN CO INC USO1 Common Stock|8,721.00| |24/02/2025|=|SALE|1,700|POLAR CAPITAL TECHNOLOGY TRUST 2|1/2p Ordinary Shares|5,933.00| |06/03/2025|SALE|11,500|HOME|REIT PLC|1p Ordinary Shares|920.00| |01/04/2025|PURCHASE|55|NVIDIA CORP USO0.001 Common|Stock|4,651.70| |£176,582.20|£190,262.89| |-£176,582.20| |Net|proceeds from|Investment|sales|£13,680.69|

----- End of picture text -----

|

R E = [o}	Bw BRwWinie Elie co = 5S £4 a cn Oo a N «A	Bw BRwWinie Elie co = 5S £4 a cn Oo a N «A	Bw BRwWinie Elie co = 5S £4 a cn Oo a N «A		N tS GQ 0	N fo) A a eo	(ae) ~ IH N qa	m a N ia	a co G + aq	i] © mm N =~	ce] oO GCG N dq		+ re) HH oO	Oo wn @ ° qd
&
(a)
uo
=
7]
He)
A= pL.	u
5
a
<
	Gwenn = oo $ acd Bee a NN vu N et				Co] cd	foe}	wy Sol ° net eal	w o ws N a	2 N © 7+ ci	co] uw bed w Coal	roa) ~m oy {=} et	wy w 2 et al		fon] me] ad ce ci	oO) co ee N a
	i}
w	=
nNo
Q
‘al a.
<
wn
°
pa
i]
uw<
		w = a w@ be] 2 =	t <i + N et 8 =		al bon] = So Ww	ite) ° wn oo) N a =	wo ° a N w	[~) ° ° © ° La wi = st + ~ wo ao ra w $2815 ~ p=] Ww			° © wi ~ N jf w		roe) °o re) f=) ct	“	m bs! z ee © Ia a
														g <			i
														Qa
														oc
														Be
			x					=x y		2 => oO.			rm)	i < o
= 5 van +4 5 =) fae) =		g = o n 8 5) bcd re] n = ry = Pe) &£ & a c “ b ° n = 2 6 £ vn E e ay = wal 9 > = i=] ff 9 a is i p= r— = iS ao] = o ° o i Ss ° c £ c Vv E cS v aw iS) S & 5] < 5 “ a ja! oO a 12) [wa > wn ry 4] iv ae a p<	na [e) = pa (=) 2 5 = © vv oO N = = = = a °o oa x . Si) a = So « wo =) a] wr << t ‘ ° 5 a fanad th 2} o fa) a 0	rc a c u So i = = ro) a 7] =) oO 2 = @ een eee iret Ses BeliValzuli>eitalas § 29 °siyei5& 9fa GF GF GN Ys a om > ob & ow YO sOD BL Ate Ses. & = aXoSugsgz@nizte6o8e8>Y Doo o S9o=xRxHaounN Ee g9aqn gta Uw > 0 SS &	uiia — Sle SeiV gia aloe 2 ary <4 somPoa zoauy™Z2zN OM FMTWO Qa PSE s e5l2 38 3\2 5/9 3/2 Se 5 a\3 3 S890 5985 257539529 <5 £555 ee ee ae Fach KR ZH CH ZK TH LVQHK EH ZH AGH on =] St) 2 ° ° ° ° ° <4 co Ball ~~ ° nN ™m N N wo = A N ei rc wm Tt — rd in al wo

, .

==> picture [469 x 657] intentionally omitted <==

----- Start of picture text -----
a ee ee) c fa) Nn ° iv) N SS © n 4
Es £& 6 taal ° + qd ~ wn t a [=] ie N
S a 4 i" i pa "= ~N bacd bd ° Ly or ue!
fe)=] waeo 8& eala aol+t [-) caloa Nal fo) °oct [) re} cas]4 w
=|
vw
my
r=
ou
f=
|
a
u
&
“A
<
gum oO al a a cq 00 a ve) Ya) wn
2 t t [vs] a o S +t a fa) oO N
$ a a ny be rf a iz! a Lie by. ee
rat cq +t a a ~ N N ~ a ao t+
a a et di dq Pel
rr)nN =i]
°
N
=
ies
<
w
[o)
pwo
YQ
<
on a ° na) wo ” ° ~ wo in wn
=| a N 2 b: a ee! Lig “< N °
an o a N t 0) in sal Nn nN rl
on fon fo} fia) wn © N in ial a) w
5 oO w ot N N a w oO w aw
0a a a a wn wn
=> VV w Ww wn > =|
= =) =: =
x
Ww
Ww2oO
m4
[2]
—
5
8
=~ 3
FaYo S&i)yO@
2 jn |— 2
= iS) E 3 3 2 a
$ 5) 34 v a p:- aa 8=
6 “a a Ss e ~ a) pr] Pa 3 a) te
& 6a = 3" ie)= uy 5> &Se) oi] == 5-s a
2 o & e - a = = & u £ x
g 6on 9 =" A 5 v a+3 > => 2 a
E = > 8 Vy= =wv —E Ooa. fe)& £6 S2 fo)a ~ e\
i = = 3° wn UU oT Pt et [oRr,.]
= oD | w UU ra oO Oo = fo) nce ~
° oO x= = o ri 1 ° a = ag &
o = z head 2 4 a So ° a a 25 BE
Qa5 s ro)= fe“ 8S fo}: Uu a iea °; a Paie} go
st mln| =SxnlzZai>an a aiaPel a z nloSs a8a elem]¥ Fw= S>= cc}=|
Sut Qxteiyumunn nm Du se = | ce S| Sa Be dw =
a2 0 Si ZERia NAN 20/9 o/0 +/= x ae in =
Sfa ZF 570 NHR FRCS 2SEynSEYZz A028 a 50 [=|
SoPRSSRé=MN D> ra) of406 <0 io aq a6 & a oooy
uQM HR TR SR AR AS SG ZEEE SB qu S45 =
ae Ser,GamyungrvonGFoeSS SS Se lS sy) Se si oaeSenvoys SakaSS8c =g
Soom aN oiton¢e aos05802uN0 2320 HU seas =
[cm Gaggenauac<4'53469295/'46eoeu su sua fa)wowao?,g?angnaagaou xo YowZzawao& wy ausSued &
je) 2nN ODN DH VHA UH UNH BH VH YH UAH UA £8=zR g
a sees£255 3rs
vu soo 9 re
= RSE 3
fase
>Le Seior2 bn}8 S82a egA 5»oO Nn€< 8B+ 8et roa)S B°a &°+ acesaeYxsy ”
----- End of picture text -----*

- 3 e & ie} &o	wow, ZuW wo £ fe} al a pe 9 s f=} b4 — “ais	wow, ZuW wo £ fe} al a pe 9 s f=} b4 — “ais	foe) Ss bt! a)	in nt t 00 5) ay o a N	t ro) om te)	o 4 = a N	in ve} Ge! dq al	ive) a pe wi ct	oq wo °o N ot	a ~N a [- 3)	° nq N +
as]
=u
is)
a.au
&
wm
<
		Yun = fon} = al bs qd XZ a	© eal © ©	N a ~” nN wt a SN w ce	°o co at N Coal	° = H NS ce	a co yy ° re	+ aa n ral ci	+ ~ am ra) ee	N wo bis [o)	° a 2° o =
wn ®		a) =
fo}
nN
br— 9 4
a
<
wo
o
i
»
<
		un #S9 awn an > Wl ae] >	nN	S N w	ioe) iv) jm 5S 4 " i a w Wl	co A o qt N j= wy =		° jt wn w	+ & 9) [=	wW	al	§ Se a y oO a	a)
								e	w =
				&				=	ia w		ze 2
c Oo van oO =	~ =		g 3 2 = y wv o os § s & §& &§ > o = = G ~~) 2 5 G o F N w > u ies 3 £ ee = ra x= § = i= S aA hd S Fy} 2 8 N= + o a) = fo) © Ss = = > bm = = ° a > = 6 v = Ee fa] BS tad (2) & E a £ se ° ic. wo Lg] ° = a — wn 3 Fd S N ei? isiie !"	§ j@	8 tla lag z = o 9 = c wt a fa)	uw w U vn oO al a ” a e a = fa) pa = a fal « =>	= 6 ir = — fon] a = - u wn i =) Ss =i an E > nT] 4 e au [S Oo ta	> 4) z o = = 9 = = 2 z = o fo) z Oo E = fo) Fr 2 WW = <= o £ A b « = o = z > = b) 2 Zz és) & red ra = G 2 r= 5 3 wo Ww 4 a = > = he = wile ola iS) Yu tn em DQotnm Sa Su Si2aql< SIF Sia & oa 20 = Als xX +2 mo mk Tin Sie =	f welae ole > oS wr Zz oes ih xHwYoOorFrAoOgGSS eR Ze 62 gdR 48 Sug SU SRYGzRzSeR ZF -F2 FA SH 4F >t @oxe 2QO SBS €niae 52 RH2%46 ma} BELO	Va GZHDIFE AD BENIG SO GOH HiZaOaIBN	S a aS ae te eS So Sr Se a Se re FSREQOURSSETSASLSALVCArFAsaagS HSE YS P28 ER8ESTSFSF8 SSSRSRSERER Hx Ble hls alse US Ble SS] Gls Als als alz a + nN - ct e 5 oD =	~ wo e ° o [=] ° fo) ° ° So ° ° 2 9 © N ° 8 6 0 gf a a) a) = a + n b x zi vt Saal w ~ m	ri ct t+ +

’

|an
3
e
=
3°
2|ow
FY @
elo
N
mm
o
eo
&
+
ma |
pe
wn
8|ow
FY @
elo
N
mm
o
eo
&
+
ma |
pe
wn
8|wn
~
«2
°
4|wo
wa
me
N
ca|N
in
2
t+|n
N
&
°
ec|Ss
Tt
ps!
taal
ec|4
a
pe
aa)|=
q
bs
6
4|ct
a
on,
o
a|N
9
st
+|N
=
°
f=)
a||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |[7]||||||||||||||| |os=||||||||||||||| |@||||||||||||||| |=||||||||||||||| |=||||||||||||||| |a||||||||||||||| |[si=||||||||||||||| |a||||||||||||||| |<||||||||||||||| |||wu
ow
=
a
$ o
6
vu
ta]
a|ee)
f=]
pal
a|Po
co)
nr
uw|a
oS
S
<|(ee)
oy
br
a|°
cq
=
6|ive)
wn
ae
v
co|wo
a
mh
a|Q
+
Ld
o|N
+
a
~|a
Tt
eS
o
ct||| |wy
a||oO
=||||||||||||| |°||||||||||||||| |a||||||||||||||| |[a|
a.
<||||||||||||||| |val||||||||||||||| |fo}||||||||||||||| |pa||||||||||||||| |a)||||||||||||||| |uw||||||||||||||| |=z||||||||||||||| |||ao
zt
2
©
an
on
at)
28
w
25|+
a
wo
wo
a
8|co]
°
N
fal
+
8
a|eel
m
+
a
fan)
@|=]
wn
+
S
o
Ff
=|w
w
Me
a
Co
&|wn
fa
aed
N
wt|[os]
©
nS\
ee|N\
wn\
re\
°\
I|fon]\
m\
nN\
+\
ad|o\
2\
a\
+\
w\
a\
5||| |||||||na||||||||| |||||||||w||||||| |cS\
Be)\
—\
=\
[ae]\
=\
=\
x\
oa||2\
oO\
yw\
rot\
v\
-_\
w\
oo\
3\
>
s
a
o
wm
~
a]
4
c
Foal
y
5
oor}
—_
oO
[=]
3
2
P=]
ra)
c
an
et
~
2
(oe)
5
c
8
i]
I=}
&
a
S
2
p=
AS
fo}
=
a
wv
a
=
5
i=
a
q
eat
a
E
E
v
o
ns
x
2
w)
VV
.
°o
w
fa
fis]
fe]
poe
wo
uw
a
al
+
E
=
an
=
yy
a
oe
w
o
N
fe}
wv
wn
x=
o
>
=
oO
3
4
3
be
ad
&
=
a
=
=
Ww
o
8
rs)
oS
5
=
9
hd
=
“
oc
&
a
3
5
OU
E
is
is
|&
|@
Ie
~
f=)
=]
<i
ce)
<
ra}
so
iF
=
S
a
S
S
2
s
=
=
5
fa
4
°
=
a
a
=
Oo
>
z
£
r
Q
z
i=)
=
°
z
ro}
aa
2
ny
Y
[e)
a
i)
w
Q
fa
3
=
=
fe)
my
=)
=
a
So
Be
S
Gg
w
fe)
a
s
Cam
Sen FH Pet FSOUoaro
vue ERAan ta
9o®nN P a YMPBOYOsooVsanmnsan
sauwniZzét
~ Oo
a0
Hn US
ra
9anwn
=
an
Nu.8e Fo
a9
uw
=
«
W d>e
=
@9rzamMDoxXx aK
GHA sFQE
oI Dw
Pe
Grogan gv ar
—
eam
zeoasaran
grt
oO kh wh
om 6o&2 OM
Ya
OW
Ge
FRiOaaM ok GK
pon gn Sma 0n
FH
S00
FCHOEO
ceMeEOCEN
AS Sos
2 ole Sie
| Sale ajo rls aS Sile a
Ee®OrsoQooagasgcetroauaga so aoageorouws
PpSSRBSSASESR ER SR eaEaSESS
SEH znZezgn 20 ania n gan ane nlen ea
20
e
°
un
°
S
&
a
in
°
=
S
a
a
o
t
2g
=
w
a
oO
wi
o
=
Nn|||||||||||Sa
ae
aes
Ge
ape]
z
ZR
&>
38
ow
a
o 35 D
0 os &
YUCY
cx ou
Laks
BSae
2-45
Fees
ESze
= Om G
gees
oS5E>
£45&
gv ee
2PuolR
2ase
Sc
BERL
Gnas
acess|=
Q
7)
i=
A
fa
&
ou
=
7
g,
i]
=}
Ss
~
e
@
BI
5
Fa
S
-
Hs
5
8
=
9

w
roa)|

|B
3
E
e|ro)
£)/46
|a
#2
ja
#|é
°o||wo
i
if
w|ite)
vt
|§
fos)|nt
S
GS
ios||(yal
)
(8
oO|n
+
(AN
°|ive)
ioe)
(G8
~|bs
N
|'G9
aa]|tS
co)
AB
|+
co
t
fal
15
fon)
wo|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |w”
-|||||||||||||||| |wv|||||||||||||||| |Bs}&|||||||||||||||| |ou|||||||||||||||| |fem|||||||||||||||| |i)|||||||||||||||| |pi|||||||||||||||| |uu&|||||||||||||||| |no|||||||||||||||| |<|||||||||||||||| ||Vas ew
=
vt
$ re
5
|S
x
to||st
°
oS
oo|()
o
“i
A
ct|in
fo]
bal
fon)||°
a
=
So
rt|un
o
©
SN|a
wo
ae
6|+
nw
a!
ia)
S||ra)
~
rm
So
et|w
fo)
in
wn
3.4
Cy
)
ire)|||| |al
pa|B
=||||||||||||||| |[)|||||||||||||||| |N|||||||||||||||| |i=A|||||||||||||||| |<|||||||||||||||| |wy|||||||||||||||| |°o|||||||||||||||| |S|||||||||||||||| |as]|||||||||||||||| |n|||||||||||||||| |<|||||||||||||||| ||eo wo
ein
ao
wa
Dm
WwW
bo]
=||vt
oe)
N
w|wn
rd
oO
+
N
w|wo
wo
nN
0
cc
a
=
a||+
+
om
~
fan
w
=|ay
m
a
in
ci
a
“
=|Coal
Qa
n
ia
t
a
Ww
=|Tyr
wnov¥viggdgywmnvw
oOo 7/0 FiO F/O
FX
S&S DGin Big Bois
Suananwvwse
Qe
owov HTN
4 OO
wm wo
7
un
“wm
Du
|
a|! 5
32
a
er
ay a
ew|||||| ||i=)||||||||||||||| ||£||||||||||||||| ||N||||||||||||||:| |-|ao]
oO
a4
=xs
a8
a
%
Ww
3
a
8
=
we
3
oO
o
Ee
bed
a
x
o
F)
pp
ry
5
S
"
[=]
a
=
Ss
—
w
nm
°
aA
a
N
wn
o
t
Bo]
3
©
N
5
Ei
=
pray
°
ral
Cal
Qa
=
x
4
-
°
-
Q
f=)
2
=
rv)
a
a4
—
a
=
re)
°o
N
N
=J
et
2
D
[2]
=
>
al
=
rm
|
=
°
ry
90
a
o}
ra
Oo
So
”
_
o
=
=
vu
v
N
=
=
=
ae
Q
uw
&
5
oe
z
hs
S
a
=
SS
=
°
2
re
3
=
=
3
xs
a4
o
=I
b
hed
fo}
2
i
=
4
5
fe]
3
&
eZ
Hal
=
i=
£
3
2
Ww
a
aA
5
oe
= 0
ol?
aif 1S ol!
lo
lb
ole
nik
alEolt
ale
B=
Pal
;
fal
wo
a
~
a
i
=* ©
Siz Glzsi@ glk Pla Sis Sle SIA Vix Aix alk G
i
BSS HUIS S290/2 H/59/F
RH A BiAniQe aan
ee
peo SR MS oR EB FoO SSMS YTYE FERS
2Sty
86259 va tn
FH RHE HOHE HN>FSEEE
ae
SEatTazxsGyH GSNZN GN EG EMEM EO
Sayan
Bia ala S15 ata silos
azedRa2 94 R498
sO¢c
SS RER PS BSSBisQbSs2Se858
58
sHss
Ww
- vic
7Ou
Du
tw
Huo Sedo
Dw eo ee eo ew
2058|||||||||||||ro
fs}
o
©
-
A]
&
I
Pa
=|
g
=
&b
a
=
“|
§
#
E
g
=
a|| |——|||||||||||||son =
3 Oe So|c
£|| |fas]
a
—
ig)
=|Po
3,9
Go| &
=|||°
°
a
faa]|°
fo)
wo|°
ive]||°
a
aa]|un
wo|r=)
N|°
3
io]
ta)
ts||°
rs)
2
pa]
ct|°
ts]
°
2
i=}
N
ae!
to|
fe)|a~ecr
SkeS
c
Ss
axe
e235
2s
oO
Qs|=
ite)
nm||

==> picture [524 x 730] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |‘|‘| |7,4|ao|pwwe|m™|I|||~|VYiMmIiMmMiaqgigin| |8|©€|6|«a|~|+|2/0/4H/0'5/a| |ai=S|5—|oO|a|faa)at|in+|CAonagainHt|OD| |Ha¥i}EBa&G24|wnES|rs)wn|SeMS~Wwzte|atAtmSe4 ada|a| |A]| |&| |CG| |&| |a| |<| |ow|wm|o|wo| |=|ral|°o|+| |g|~|=f|w| |i|Cal|N|°o| |y=|Dal|||Nnwo| |w=| |a| |oO| |AQ| |La| |a.| |<| |Ww| |fo)| |raoO| |wo| |<=| |eet|~m| |=|oO|on| |ns||2| |Dm|WwW|~| |g"|3| |=||| ||| |o|3| |oO|=|vu| |o|[S)|56| |=|8§|55.|é| |2B|&|vs|g| |°|S|c|E| |~aa|ci°|oz=|Eywy| |els|So|veE|ce| |smeos|ow|=| |SU=ae0@ONes|2|a5|=5|Ccpa| |Bol|es|&|Y¥youy|o| |eal|a|cvr~x|ro| |Sia|&|faze|8| |aS||a|-iee-|:|a=ag—|&| |=|S92|Olga|G|Fy|2463|2| |fa)|Sau|SHU|z|£8es|fl| |—_—a)ae)|w-_ov|cv|Oi]=5||»|PitseSseEDEaSz=|2=°| |a=|oo|£ecQoiS)|=<£is|<«#Ze|2|=es|esceog-83Cag6cxSG|fad8| |o|Cc|=|oc|>|u|a|KRY| |!|29|=|we|5'§|$|Siu|Bese|PS| |a|rNA|°own|=i)|Eo5|alainhwn:8|5|sa}|aoe3|inal|

----- End of picture text -----