ࡱ>  )Cbjbj΀ 4h7g9 C OOOccc8LLc263([qqq`: 2222222 57f2Ot``tt2OOqq2t~OqOq2t2U/ 1qX"c/y2202/(8v(8( 1 1(8O1\D222tttt(8 :   Unlocking New Money for Social Enterprise Through Existing Taxation Mechanisms A short briefing by the Scottish Social Enterprise Coalition Scottish Social Enterprise Coalition Thorn House, 5 Rose Street Edinburgh EH2 2PR HYPERLINK "http://www.scottishsocialenterprise.org.uk"www.scottishsocialenterprise.org.uk Introduction The Scottish Social Enterprise Coalition is the national collective voice for social enterprise in Scotland, and a strategic partner of the Scottish Government, bringing together social enterprise and its supporters into a strong force for change. It is estimated that there are 62,000 social enterprises in the UK, employing more than 55,000 people and contributing around 28bn a year to the economy. In February 2010 an IPSOS MORI attitudinal survey showed that 65% of the general public in Scotland understood the term social enterprise, of which 81% believed that there should be tax incentives for social enterprise. The idea for social enterprise incentives is not new; in Brazil, sports based social enterprises attract tax relief See Appendix 1. Background The UK Coalition Government has rightly identified social enterprise as a key driver of the Big Society. Social enterprises have the proven expertise and dynamism to find business opportunities amid poverty, provide life changing experiences for individuals and communities and deliver quality public services. However as public spending contracts, the Government must consider how private investment could be leveraged into funding the social enterprise movement to replace public sector investment. We know there is growing investor awareness of social enterprise, in keeping with the tide of interest in ethical social investment, yet to date apart from welcome initiatives such as the Social Impact Bond pilots and the Breakthrough Fund (social venture capital investment), and Big Issue Invest Fund (primarily loan investment), there is no easy mainstream mechanism for inward investment. We believe that if social enterprises are to fulfil their potential, they should be recognised as an investment class in their own right, with measures introduced which could attract both ethical and pragmatic investor alike. We would therefore ask that the Treasury undertake a careful review of existing measures within the tax system to boost inward investment. Judicious amendments, we believe, would draw in fresh investment and deliver a critical step change in the scale and capacity of UKs social enterprises. 1 Amending Community Investment Tax Relief (CITR) CITR was created to stimulate the flow of private finance into the UKs poorest communities. It now has a proven track record (having raised 58m by 2009) and remains the only vehicle available for this activity. We believe the adjustments suggested below would ensure that CITR fulfils its potential. Doubling the present investment period from the present 5 years to 10 years. This would give Community Investment Finance Institutions (CDFIs) such as Social Investment Scotland far greater flexibility in matching capital with loans. 10 years would be ideal. We believe the potential exists to offer even greater timeline flexibility, depending on the asset class with which any CITR investment was geared. For example a Renewable Energy CITR Bond might be structured over 15 years, as the loan required would be for that period and investors would expect that timescale within which to see financial returns. Extending the investment limit. The current 250,000 limit is unnecessarily restrictive. We believe a higher ceiling would enable investment to be made in more securely in key sectors for the longer term. E.g.s. community renewable energy, community building acquisition, recycling or waste investments. Repositioning CITR as a serious investment option. At present awareness of CITR among investors is extremely low, its image being one of a low grade charitable donation type investment. We believe CITR should be repositioned to the accountancy and investment community as a clear, specific investment option for High Net Worth Investors and businesses, to provide a financial return whilst achieving charitable or community investment aims. Ring fencing a central levy on banks for community investment. The Government rightly recognises that the banks need to lend more proactively to small businesses. Yet the reality is that Banks are even less willing to lend to social enterprises. We believe therefore that a percentage of any central levy on banks should be ring fenced for community investment via CDFIs and then into social enterprise. Such a levy would be ensure that effective investment could be is made through the intermediaries who understand this marketplace. Using CITR for a Big Society Bond. We believe that the Government could radically raise awareness and inward investment through investing an initial significant sum into CDFIs on the basis that each CDFI could match this for from external investors in a Big Society Bond. The Government portion would take first risk, but this would enable leverage to take place by acting as a magnet for other investors. Follow on investment in future years could then take place without government investment investors would have greater awareness of the risk. 2 - Amending the Enterprise Investment Scheme Relief (EIS) The UK tax system currently offers tax reliefs to individual investors who subscribe for shares in unquoted trading companies through the Enterprise Investment Scheme. The EIS is intended to help small higher risk companies raise finance by issuing new shares to investors. Social enterprises take a variety of different forms in the main these are companies limited by guarantee, community interest companies and industrial and provident societies. EIS only applies to entities which have a share structure (limited companies, limited company CIC, certain IPSs), therefore many social enterprises, as currently constituted, are unable to qualify for EIS. Currently the majority of social enterprises are companies limited by guarantee and these do not issue shares. Therefore, it is more efficient for an individual to invest in a limited company which is not a social enterprise but qualifies for EIS relief than in a social enterprise which is a company limited by guarantee. We believe EIS could provide tax relief to individuals who are willing to make equity investments into social enterprises which have a share structure. As with CITR, however, there is low awareness of the relief.EIS could provide tax relief to individuals who are willing to make equity investments into social enterprises which have a share structure: This relief could be made available immediately to social enterprises which are entities with a share capital. Social enterprises might be encouraged to adopt a legal form allowing them to benefit from EIS. A relief ought to be available to ensure that the conversion of an existing social enterprise to a corporate structure which benefits from EIS is tax neutral. Potential Costs to the Treasury If the Government is to encourage social enterprises to convert into entities which have a share capital, then consideration must be given to the costs to the Treasury of implementing this extension. Clearly, providing income tax relief on an investment which would previously not have been eligible for any form of tax relief is a cost, but the social enterprises could have decided to change structure to enable future investors to claim the relief anyway, and borne any related tax costs of conversion. The only lost tax revenue would therefore be if a relief is offered on conversion of the existing social enterprise to the new EIS qualifying corporate structure The potential capital gains tax exemption on realisation of the EIS shares should not represent a great cost to the Treasury because in most social enterprise situations, the shares would be of little capital value as social enterprises generally do not return value to investors by way of dividend or other distribution rights. EIS is a relief which is already in place and which could be used by social enterprises to encourage third party investment. To date social enterprises have chosen to use a company limited by guarantee model as it was considered to be most appropriate for an organisation with a social objective. If social enterprises are to be encouraged to utilise EIS as a way of encouraging investment, it is important that existing social enterprises are able to convert to EIS qualifying entities in a tax neutral manner and that the EIS rules are reviewed to ensure that such a conversion would not prevent the application of EIS to the new social enterprise company. Venture Capital Trusts offer a similar relief to EIS to individual investors. It is thought, however, that the minimal capital and income returns which a social enterprise would offer would make this a less attractive investment, unless a specific social enterprise relief was introduced. 3 - Create a Social Enterprise Specific Tax Relief We believe that in time, the Government should give consideration to a specific tax relief for social enterprise, perhaps in the context of its current funding to the Social Enterprise Mark or establishing in the future, a binding legal and corporate definition. This would either have to apply to all social enterprises in all of their various forms or there would have to be a preferred social enterprise structure, such as a CIC, to which the relief applied. Any social enterprise specific tax relief should apply to both equity and loan funding. Conclusion We believe that taxation is a key means of unlocking new money into the UKs social enterprise movement. Present challenges include low levels of investor and investee awareness, unnecessary restrictions to CITR and the mismatch of current corporate mechanisms for unlocking equity finance through shares, where there is an asset lock. At present little private investment flows into social enterprise, yet with public spending cuts inevitable, the Scottish Social Enterprise Coalition would very much welcome an examination by the Treasury of how progress could be made to ensure social enterprises can grow and achieve their full potential. For further information please contact: Antonia Swinson Chief Executive HYPERLINK "mailto:antonia.swinson@ssec.org.uk"antonia.swinson@ssec.org.uk 0131 243 2652 Appendix 1 Tax Incentives for Investors Supporting Sports Based Social Enterprises in Brazil LAW N 11.483, 29TH December 2006 From 2007 - 2015, deductions can be made in the annual tax return declarao de ajuste annual for any amount invested in projects which have been approved by the ministry of sport, ranging from 1 - 6% of the total tax. These benefits do not include or exclude any fiscal advantages or deductions that already exist. Sports projects benefiting by this law must come under the following terms: educational sport, participation sport, sport revenue plus sports projects which promote social inclusion. Any monies saved through these tax breaks cannot be used to pay professional athletes in any sport. Appendix 2 - Coalition Membership Members Aberdeen Day Project Ltd (The Bread Maker) Aberdeen Foyer Aberlour Child Care Trust ACE Credit Union Services Action for Change Age Concern Enterprises Albyn Housing Society Alloa Community Enterprises Argyll & Bute Social Enterprise Network Association of British Credit Unions Ltd Autism Initiatives Bookdonors BRAG Enterprises Buchan Dial-a-Community Bus Calman Trust Camphill Scotland CBS Network CDA (Scotland) Ltd CEiS CEMVO Scotland Centre of Health & Wellbeing Claverhouse Group Community Care Providers Scotland Community Energy Scotland Community Enterprise Community Food Initiatives North East Community Recycling Network for Scotland Community Retailing Network Community Transport Association Community Woodlands Association Compassion 'n Action Co-operation & Mutuality Scotland Co-operative Development Scotland Co-operative Education Trust Scotland Cornerstone Crescent Kitchen Cunninghame Housing Association Development Trusts Association Scotland Dunedin Canmore Housing Association Elite Linguists Employers for Childcare Firstport Forth Sector Grampian Housing Association GREC Graphics Haven Products Highlands & Islands Social Enterprise Zone Impact Arts Inspire Ventures Institute of Local Television Institute of Occupational Medicine Inverclyde Association for Mental Health Link Group Linked Work & Training Trust McSence Mediaco-op Moray Social Enterprise Network Mull & Iona Community Trust North Glasgow Housing Association Port of Leith Housing Association Real Work Skills Scottish Borders Social Enterprise Chamber Scottish Churches Housing Action Scottish Federation of Housing Associations Scottish League of Credit Unions Senscot SKSscotland Social Enterprise Academy Social Enterprise Clydebank Social Firms Scotland Social Investment Scotland Speyside Trust (Badaguish Outdoor Centre) Spruce Carpets The African & Caribbean Network Ltd The Big Issue Scotland The Clean Close Company The Engine Shed The Factory Skatepark The Kibble Centre The Melting Pot The Wise Group UK Credit Unions Unity Enterprise With People You Can Cook Associates ACOSVO Creation Ltd Fife Social Economy Partnership Glasgow Caledonian University Glasgow East Regeneration Agency Glasgow South West Regeneration Agency Keegan & Pennykid MacRoberts R.I.E.R. Social Economy Partnership Royal Bank of Scotland Scottish Chambers of Commerce Scottish Council for Development & Industry Scottish Urban Regeneration Forum Shell UK Social Enterprise Alliance Midlothian Standard Life The Faculty of Advocates Free Legal Services Unit The Grange Group The Scottish Parliament & Business Exchange Triodos Bank Unity Trust Bank Volunteer Centre West Lothian Individual Associates Janet Barnes Isobel dInverno Martin Meteyard Anne-Marie McGeoch Jackie Scutt Sandy Slater Kenneth Tomory Paul Zealey  Qualifying investors in EIS "qualifying companies" can benefit from relief on up to 20% of the amount which they subscribe as a reduction in their income tax liability. Individuals can invest up to 500,000 in EIS shares per year. In addition, any capital gain arising on the disposal of EIS shares is exempt from capital gains tax if the shares have been held for the "qualifying period", usually three years from the date of issue of the EIS shares. If an individual does not qualify for EIS relief in respect of the shares which they hold because they are an employee of the company, they may currently benefit from the application of entrepreneur's relief to any gain which arises on the disposal of their shares in the company. If maximum entrepreneur's relief is available, an individual will pay capital gains tax at an effective rate of 10% on the first 1m of gain which arises on the disposal of their shares.      PAGE \* MERGEFORMAT 1 Scottish Social Enterprise Coalition /Unlocking New Money Y\b& ' J K L N [ K R S - 1 > Ŵͩwj]S]F]h \hv4CJ^JaJh7CJ^JaJh \h)CJ^JaJh \h`gCJ^JaJh \h`gCJ^JaJh \h`gCJaJhSh`gCJaJhAh`g5B*^JphhYnh`gCJaJh _h`g0JB*phhjhU h _h`ghlh`g5CJ aJ h`g5CJ aJ $jh^h><UmHnHtH uh`gWZL N [ S ^ gdb O R S ^ -QT]v3EhjG/9ŽŽŽŽŵŽŽŵœŽŽŽhPNh`g5CJaJhYCJaJh)CJaJht h`gCJaJh7h`gB*CJaJphht CJaJhaCJaJh`gCJaJhmh`g5CJaJh \h)CJ^JaJh \h)CJ^JaJh \hCCJ^JaJ- IKXOZ /ax1WXg+0tu"&1?@DLlp.6ͺͯͯͯͯͯͯͯ¯ͯͯͯͯͯͯͯͯͯͯͯͯh \CJaJht CJaJh RJh`gCJaJh`CJaJht h`gCJaJh`gCJaJh9CJ^JaJh`gCJ^JaJhYCJ^JaJh'Vh`gCJ^JaJ>K0 $ & Fd1$a$gd zgd zgd RJ & FdgdBjm$ dgdBjm$ dgd RJm$ & Fdgd RJm$ dgd?Nm$  & Fdm$gd'V6IJPZen}4:Y-./0g} + !!!!͹haCJaJ!jh zh`g0JCJUaJh zh`gCJaJh`g5CJaJh zh`g5CJaJh \5CJaJh RJhaCJaJh`gCJaJh RJh`gCJaJ> U"V"""'#(####&'e*+++,-$ & Fd1$a$gd zgd z$d1$^a$gd)$ & Fd1$a$gdmR d1$gdt $d1$^a$gd z!"7"U"V"W""""&#'#(############%%&&&&&&/'0'''e*f*m*v*******++++ɽɴɽ婡h zhaCJaJhkqCJaJhCCJaJhaCJaJh zh`gCJaJh \5CJaJhChC5CJaJhC5CJaJh)CJaJhmRh)CJaJh`gCJaJht CJaJhmRh`gCJaJ0++++,,!,",Z,,,,m--------%/&/0000001111"1#1%1־ƫƫƟƗƏƇvne` ht 5ha5CJaJh CJaJhE<h`g0JCJaJhjhUh \CJaJh]?CJaJh \h`g5CJaJhCCJaJh1h`gCJaJhkqCJaJh`gCJaJhaCJaJhDh`gCJaJh`g5CJaJh \5CJaJhmRh`g5CJaJ"-----{00001"1#1%111114$4gdt^ddd[$\$gd ddd[$\$gdCd$a$gdt^gd gdb>?? ?BBBxg\XThhYhi2hYCJaJ!jhi2hY0JCJUaJ$ht ht^CJPJ^JaJmH sH 'ht hMx5CJPJ^JaJmH sH *ht hMx5CJPJ\^JaJmH sH ht hMxCJaJht hMxCJPJ^JaJht hMxCJ^JaJ ht hMxCJ^JaJmHRsHR$ht hMxCJPJ^JaJmH sH 6667$7F7h7777778'8?8I8V8s88888889B9M9j9r9 dgdMxr9}99999:9:Z:::::::;";L;[;;;;;;;;<<'< dgdMx'<3<@<A<L<S<`<<<<<<='=>=\======>*>V>c>t>>>> dgdMx>>>>>>???@BBBBBBBBBBB%C&C'C(C)C dgd zgd z dgdMxBBBBBBBBBBBBBB&C(C)C$ht ht^CJPJ^JaJmH sH hYh><mHnHuhjhUhjhU21h:pLZ. A!"#$% iDdy[ j  FA?Picture 1R p(Rɘ_ P̈́DF p(Rɘ_ P̈́JFIFC     C  6" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?(((((35q 8P?Iv4vDV%ĿV/D?j>HVO_Up4!.YW~rQW)5GKEgi/7i~'G0FF`AAu֍5sΝJNM?=+B((((((((((((((((((((((((((((((|/_xZ!I3cqꎬO[v 6ٴ<: ăGH~U<=y=qoyɥs83$l$=żޑ_>]JßVhl\ ۥQr .2 ҐpQd}+MSV55=kQV̳J]ɪ>7q6g' +O^rjv~ٓxW`bnۿcYY|yk3ND:b5#!Zo/K\ܼ5K#ִtx39{#gv+5sVZOK_>_TF)EuIGfuz@k'^}on#Һ[Mʆt[| ݻ|O cWշp1$+ w+GB nxw_ |Ʃd{U8Y 4-GED?أ kB&kIh`AN-p~={9biI>j6~<7"-VAiwt|'aK?$f '~ W'M3(6f2Ihxd~t^YgeKRSKWMkf?8?>QjI}qijfe][3FqV+ <9vdsG!x>k?gxĚdVz$ 3zOyOʝhGKx]KNf{3n/|_ uI={7f鿑EaEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEP\oA6TC.'i={f?h w %αvtODOqNj'F%ӖY@Jo_5,[Z4mu, u8KN8t[9vweխo?|o{^msZ!6^5Q]Ï>2߃t,pҿ,=nW)7)YrӥMy(#UIZQVzд#}%x $1jIkx^GOHzytXҿCʜq2Mҷ-WxLStHz?'cs!ĥVs7_tV$tW L𷅵-P#-m3A\^?mvM̒m|;ŞH_\a<;\TzQ*+UFy9GZ/S~Y̙F@ \T|f*>n&uTNje8U:$c)* |{5kv\z%`|#xי` F nK&O+<-x%v_P9}F53ú0K_+ #? UJ/>`xKKz΢Kk"4-A )w:i}_V亟Y7>&#BZR7ye}8 ?<_y3s!5P8zâ>?'x}ԟ3ă;z?ýԭV^?2HRE$k|)⟍)] BkP~Kt{/M}w>xj/ xCMXcP ]۹AMS_o ۍ7 =ħ;}{Jì`zO5K%d2bxRn8xv?y]=n¹OwG񎮩#kp_Os=kjM՛xs+MR;U=Lw^:axƚ"N5fIlp+Ŝ NX *?[|R۫ F8ktt_j~עzſSoMi j߿}ZNkn...kYHř'Yt k:'tnmY󯣾"?JE8ӧܣ(j^,ׯ+=ӟ,*^et$q' H\|E\^6w *(gzd:ÿ ?04vVjwܱc֯8{˲<>Qԫ%96r^&NsZP)7k.-Q^Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@sRSWP zv!|?\+ff,ĒNI=oMOP.f6WPmxmxrxJne^m=" H<9 ^o}}kWx|[YuI7oT?xve_-Z[N>\T#j*Wx0Ry&7nW_c!״ W~#֮D665ćUFM~z^[v`&}# _x7|+?{xˇa_p')b1M4.ו>y>h cG5[s5lWS|El[}SAcQ]ʊ]I'+'r0Jj8+$fc1y&XL-]Ah nx+SۦJ0з\/whdq+voOOȼ6 暭Q*4Wk;>ּ_uivX8"4?5O0X)OEWŞ2iWLǟ&&rO i?.ZNΛ.?$Sf&ǖ9zE~ 5Z\hڽl2uRj~i[—sk=qe]u?a jx[;NX{O5HԀpsWpox7VʝYIJ:&Ҳ}Ϙ 9l18WIZI(((((((((((((((((((((((((((*;dQ=5%q6/> UȺT} B,/)?u7X,4Xuq[Te- ā+*RZws#/,{_mZqURnmiSOIB:F)%?(;O\[u]+ϓ(qj/x#H8#Oӡ?ɭz\apVtrm|AK7α96ôW$|LHƟN}i(p_&W~4!0Y} qX1kS{4)NU>goA{3ڮ6oE=$p,_ +믇uFw6V#}'!ؾr{$mbּ;i5/)-|d6t\'G987CwRZTi~KYti;el7$u~OVސ_>=ƝH?˲u\oG?JUGu RCK^м[sZlVV_r{y"C$Te|/pAb1e%xؽ4}t%:ΪʞN.kZi]^vE-m!_ @Um$4 viwW_EOp{\ \\y4`sX{hagMFOcs=Xx@wv ETGÿ8<aoutn&"Jp0szi.P\_ܤX/<_BW\/Mԣu_#T̜]6 ((((((((((((((((((((((((((($4V7Yi~qlǟr?|Npc?%E1?!z> 4i4sjoSШp~Bq^*B>Y1f=ô# +UGfuVT2|MXst[>t[D{Y$eIjKo3Bpˢܕ#%xYRV}WSic7l ?Zm+?4qme#.z{+oxRjhJhOt.A¾ׯ<%$O/imъ[Yp3!\9R>_z՘mKWC#о3LWƸӊ8 88LDh/i[+ %c`.nJ0{9u,إoΕinPL{3 3^ף.o@-oi60|y#&ȸ;w `VM'7d͸<Ϋ~Iݘ [kyk {kExw kj+h{((Wdwmjխ$ݶnށEVAEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEP^ab޺!qlo}wi4w(vRx)+ťI 9b%'gw߲V_1,mCf}GkedbpAk_捯VSgaV@O_%`s."[B$RLh<^W^pIX$enF3cj֎D56YAR;$eqA),FtI5tj:5?ipk/'eoZS5OĿ MZ׆g@R5i^6-r;x?0W񇅓W>mS~_=V?kU&9-O+y~xc$Rk_OxYǻdЪ;\Wy1Xx|S8W6e5hVќ[RL m U_Pbd?WuTm;$ $Qɱ;O GxI?ɣ#gn(8r4䤬꺼|1u̚~)Z@WSQDF dO޿K>}ax?q>"Z6j{y_+W]kG(Ѥhu?%Zea'; . vf&G -߉?>~*kK뺴6>7㌄.Fy}e_YROI?-Oq4}?do?= |Mv O.2Vۂ IZ8OU~$1JJ)o&*4+a\KVM=WE~ѿeZ/^7<7E9ăW<*($B5+GNp);%#<OǞ74Kbp.5}J+d`+j onx$;Gm}f}A$?e$s F> ~Q?(sqie+u}RL}{"XwfFyp}eG*K_xZnfS??쏩] ?y4EK6Kմn=KE-]\Z̲#PH"ா\?cJ4 |Gj2Gmt=f@{|@I> /5ct|yF95RkL>._X84c4Wɟ Ooe푥1 5B߳{ट6=4>𽃩n@ϗE/+|=XG V#S\ҽW,E(aG]ߡu_^gK?q1kr_ΏTgo|324bk< ) ?+gO'?f;: F|S+sa2U<ÄB;w.|u8JvO_SOhIAx؊د/n'?,o5|0WE#Io?q+HFWP+''V~ [j|Α\^[ӣ 6 %&$`:щ`ꪫOi{_g鿾ުɯ4QI*znlW+?¿C^ௌu kMԭUYVƿ9_>8~'?<^k;i<)C/ \Мcor}^mmn=X?oNA殧Sn|RWUÇڟgڭ?SOo)p9_"u?7_/B< ;?l:]dJic<998iepeSkyszKwv–5ωCI/cOW-no[+RH2#*fjNI7Iwi$'#Oڀ@O >hxscjm͜_>]t\ǯfσ~#g[|-I\أANU{޿o(w|ci>ٝK8V"`ϖ d>G&[.3L s#]oO^/ x6|m~$o18?.߳ wXxOh:BOռGinFIw2CÐMr_ #!Kr|IvtޖjVQ/fyTT׽eS,dyi{s\fxW[}?C AW{eOx⟏"⯊~x{éA_3˧ͪ,r#$N 2d d$ZJAm3L3,??5۟EaUyo}7اq ^&9/c Ђxvwz]#kH噵$9 /i?2fH,lRąΝڽ߅Uǵ+r<^c.Ԛ d+k?e/VRZx䍈dac1Ѓ޾VyݟGR~Λes>F_2`;oqowΒ딒6 =Ak&_6bieLxLK+0Okj;G_95 ^km}xxEѻs(P@(((((F PǟKG&/,k37'č0ydӒ;15O-qmuS@8?#_KGg/yrqeFn-ʥq# kGZ;z Px [kde\>0ԨC\&)lfN}!59|ZUyYQje~WC)ՑѰTj;*pwG4ëFh>5jܸ0ļ rբ=S?N )#(0.GS]\4-5f6'>&pWGwH/+z?44Y|;.;)LJ8b~Ukk{;t"4 q 8S诿ThΪi&J+eweώuj:jM]ݗg"g|'4j uT̷hE9*lWnO῏WK!]Q(a  9#W^)ba9lolL%W8Gv_4uLh<%_ZKV .t,eyc3_a&s@lk/M\~7xr[WHaorc" Fر]LJ@2ʜ29߃_>2~9/v=zSеnrQtl"_ry*=?O2y>1pFkS9w;ZO |8{ ΟE ֠#:DPmqy ue۷-ҾXԢ7m?(O6?k_g%ʷVnC 3F<2FQaq 13ڴ}ץ֩]4f~uy4?pwq|_$qPM Z8~+ǿ_MwzdΘk*0ed2T7B+9ӗ4OT,יC$<QKleH *?%SǟQ|Kyq/gW4-10䇻vk gSAhM γjo.+y@M,U`iu1rZߕyh\0ks?>5 _PTTJwA8Fۛcgc 7UI>iA} C_PWgxҬm/$| O SV78{KR!־nvѠ@Z2G,m9P*@#kh?U.+Om[4713v_mWIcUƘ(P¼־ S}>?8'j_W~'oKJ?I,_O~hs)RcݿcWs\| @zRr/Q_}`WO(´=~O(´=zh^u"?*Ѿ0lBWs_7& J;0OVoU]s@'jU? y^&;[p??ͨw DrkSο/ͨw DrkSοX?6/FiԾ0?F;>'iZ~[܀qͷK7./T&otmF oȥk~zLCF8O ldqxQ"wA+C[źyZ/$Fݢd;Z7FW?֣S,'ug|Xf ^J-gohŏ>, v>˶ 9d`]q[DWG\ y߷Wxf׭x^idVe}L6;RFx"^`:^+,~~߿20ض~zŒxrKƁ[>f߲wZ%;0ķ|q0=+nx;&U92^&wZ8L80\9UtVjݷQ_QEQX~&;9ms\jޥrr̠d SQri%v䢮އ~OWeo eofټGLvܙ*w#`nSv?-~.xN@Ejh$ G)Ǎ_x3v}R/ =$BUǸ$U3-)_>VCoA$ u+z1_:w$}kN+M;DԶ]ZG1О`11S_4w(K3$?/ ʬ,xcnK(ӕl??(ׂ"?@.R%0QV ?@Std𝶇DKm9 Yea\:K`O_5}2h^W!y)-17|W޺IyqvoWKMSS ?񎙭88 Bο2|-kĿ|c~/֙},8l~!g_zs>եeV0syOuq_p>. S ߼7ɤ 5uV c[ AI>hw|-.eT!jV?^gC/in Sw7Kq22`a`+?0sfb֒nKm>#GiVB OO_fMʜdF!R~a{W _/qxcǀ~]>ZB!yUC ԭqZA6rq5ztA&4Cς^ ~$fý ٦|KcDMp݅fuZnܷcO; 5/ʋ^'! Oڡ#kN[@ Zv)?|Wo]mll(E O/,4gZ_iz++s7bvq~pNԿ:KG%Q?U"Kov_sR7ǻƯGaK?8xGʧDQE|I_u? vO_u? v?9$yypFY$ß _h ?xs6!+m>k[?Uu׬ UW\-zn},Q#6_f5QɯOK:xQ#6_f5QɯOK:cGoDۆ?ls_*@_gZ׾-x.m d *͕)r8V^ %0|U^E [ۢ1YC9 N?)% U2:A+89ԛ֟uaPt%%?C??owX|Zi<*iGGfYp8ԌDz tm_ú΁ *vX$SGF +%ߴgÏOtU5Iȣ$r <~8~υm%$i441˕dT#lǜɿ(D'Zֿ-4$t"ŜbYf[ǯlkde?>[ǯOGkg_(*?F ( ( ( ( ( ( Q%hKu#b&m;oy~ -&Ŭ'|y0q ESaB kM}OIv 9kϡ{ܚoy&NTd5 0_O솧*Xv(gsn$K]zy4pʚumJ 麞@y$aZvzպ(aӂ+oY\''~ @* ( ( ' <MSƙi{K; I赤͵4LL>?ঞFh 5=~bެ-C(ߌgEYմ+f)/¼#Y"uֿݺKt+QWT\bt13'if[~Qxu(E4Qma`_1BXYn?Do3s< wxb-SNnc H"amUPT_OٳU_9"x/Mԭ6ڥ֙H$"u`k߀` d%xl /gZhzSX_SR)O ^&md/{Z;cu0drs 2oh+a+F)ZKf}>#GEҪ!og7?h1KYDz ʍ#u߱'iK XDXi>9+eP8  uh+'4;=J6\_$ʾ "iVX|ZQoQfH3iY?K)"򯵏౔<vv|g0Uu?!> ؿW|ῇ.$BQ]6HE}|??l2|ROu[J#G#ZB4$|ܚ<7DZu;6ubu/jq9'u#_E|?fY| .ݮ;Ɓ&|I`=Ʉ+d֟u>д'ѭb+J>ow)au ?XFn#"UeQ.I)(X_u_b0X^oCJ;U]?A~MDx3mwr%6D\'  *<ᏉicX]E 6hNو)KB>|0|oև"og4o-*?H߾~z56][Դs[\ƣ}+)({M}ʮ̰U\U{ɧ_{~amᦇ-?9 a7R1-QO͎+jko(o|E7o<έx\dşll :  T]kx:;wo{Z>,.:25T`0m [±4PT +St[VkO18ʦaW=-G~n>| .COy1Ys;<]foh6VnswoVϫ!J VKd9||;RҸeڶMh>Əw=9X*:dW8Ҿ4pf*T n;?sR7ǻƯ a}?_}6Mg Y ǀ]Fy.Y?߱:S\ú.` rD?_ֻH92+ =+ľ05`?wR?dFORCaXLUxG?6,N+8zvuGí)^ںל}lwٯ><O_U˥Gn]|kx"\"lhe$(!%{~6ھ(gw{߲{|[Npґ[\y0M%<9ŵUt,7kSj+ig<3jǜɿIAV9?01)׭쏩heFߛ_Y(7idk:Ư~?e渓 f,dҽcG'atg'Y}7BX#U`>D\j\٦_xAu?p'/*Ӛjk_ם~ikA5z-Wմ3^t=kO໵((((((((((((((žߋqm?Fl"2jz[۠'B"HL+%ѵ_OէhD--}Cc޺(a1Xj4ܽlV Y(/9 \-њ3`jR܀> k jg$zC1KiJ߂֮[P5J2K#:yaV-4{uQ\GXQY>8~bƿ΢/w%>$j1V?]4@OB#Rد~Kso7Wĺ5Ͷq]K3)E|/ jrk 8.'SRitQEsE$p,phhͺ/¿6VLnUUtYJ7-^+'K'_<{R&oveYhB 8jfY})rάSG .mzw?l_ i2XHGOA8>ɯ+C}nRk}arC2y] V=|.' Z>裉MKѧ(?j*AWAXxw2Gz4$X$,ɉ‚Q _?l)y4ĒKs4y%1FO:$ r@9'}Rv{b>Gk]^}EW)Q_ /)`o$5щYRAkz\N)FVɿ¶'KF_| WlkOx_\G5{ 9^'`JȎ*Eu(IJQTQE|F]?ςh?C>Of=57be+c= iG_>ZQr}o"z8xUvϤ?ি̿MiO : 3=kjjѭB|b5gjUNJKw (4 ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( |7ڷcGchzlv xci$sI+NvA\1;Eic$-8#Y ?+l=5[ mۙEGF._ M[o_ẘvr9 *P{w o/ ZOk[wI{DT VR"fs`J~ti?e~>-^uZ!m$bd ,AW2I^˽wnL0ٖb:W]䏍>;G4iu?Wi,)zŌE3[AsC$7U)Ι/g~-/#m^ϫYq[3>nٔ,''7E|KҦt*Y+^jG9|q0N׺v+* jxV]2A EpP7#u=˽NYT O^Z\$0AI46FK3__W'jxu3hP>'cJav/Jޭ+{V\76?i8j/sYn*^]Gm*gNj#xYvjkmohѿ-FAij9cM}>?ǎ!o/oYB5y>$0㸍_zikV_1⹾ӯt,z1Y"0(kke؏~m獓t>nN[+?ۧ eYI3⟇}NFUFZ_q*2|dk>$E3oh7"d/ervLQH85_/{w8BO+I{+xg#T(QqP0{?m7ƥ&֎Mmsgy,rجV]4?i_USRx- ǞX<a][A?20enJI?߶~۞ iIu|alB\SPbUxONCЃW.Q=WuO39f8V|qgQc˥C3( 5̧L2WoWג@ e?#|-x VZ=!<5rrSZ qzkld N<-@ἤdA&ӿo_i$Ms(GalT29iZ(I Wd9F,˿1J6en;x,;oPo>|%ž1H!፴Q>?c'_jh7o7E)>ouᛘ-y#=~:'K? xkH>-llXⷉ*FPn Ofk9Rj謟]NUo)uwܑ~?B(Q\ "Ok hWFQ'}Y =k? S=-xT,!]LZpzfr+Br T`W.exbv~C˱96k>3?T2?b|Y|+#z);?+d,[[7 ')Q_'k?lb'~!6j|= ڲy ^lX_cHbYI'kL)yji%nd8V2Gؓ19*jh-^-!d!7ƥi隽Z)<Ib?E4wBi5f)Uo%&ƍCO<=}|:ԯox(K<ErV# {|C𖛮ڄF++WKy *+o\blWկj |A673yOO*~qMSƫ?Z V^z=~M]/дoxU)1mzW7 9N>O|1Ef'TMݎx8H?\?hO ¶ڊ ~!\+.G ?N/zæk0ï[Dm+$z2kr,8Wn0|TOuoZ=ĶrOGS_ǔKѕtb9uV~_o}fgcZ(<;qaͺv%Ϛ.J +(c xWZ[^ܻi%Ӡv'$iơZ= )g؅UP9$~ e5>/8gm ֑BpGQ5u({ 1wY>cW?;z?uYj7󳜝7c47~5|AkM IӠIfY{ ȯ?ᆡWShe5K 1%ԁ=ik h_?*!u`䣨;n}׵;Sʾr_w;EWAEPoKR$wWY|+bo[t"O'zGqXl¿+kFOI?2%7_R?:o2x? 3$,77IZ4Wi/~ !b]MeOȁ٤T(z(1Cw~W^ŀί[i3kßP{D-5~)xu,d\f=~TC,+5~?_>D_YCqML G}x IIx>`gmc Ob%o61F<Z]>.T)$m5e#}}kexRZk~ͭ,όɱUXjZU4ٽ>K~"Wd{;Rծh|Nف;{Ȃ9+_ x_aMPntK;X[I+4V@$(Svg֟ei=Omt#4ޒ ϵz8yOKކ-~[3PoI_38R;hk8R;hkO\["~L4OL.?ҿjz?O0J?u/6o/0+口 ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( Oe~~ ~0E$-&ez+ui{-KO?\H-a xok|kxhuk)oUceu_'~m=]Zh&IcExSt|H{ |KJQk{BR{yB(ق+kOk%n])R.ˢ*t\E{HC:&$΅Y-p+Vr*d?྿N]_c#ϫ^sipZ7b;錕lO5ߵ7+ UOepw0I9S' ;*H?f1ѫZIyw^kϱ2a9#_kN'N▞Ox6]2*Y 0%|R~)7MVއ%Ι+410ee$qo6 KK:Y[1;xwJA/_ 7:vk;03_e8.$+Usϵ˳<^BMn-4Ioc/48T@f'_Ϳg-wKi5O|4K m_0jE4~r oP*h>x[LIosJE}AejO _ms(,TN_-"Z:09ܣÕ>dKM昬?V|v^| j,izAᆥ鸸Z{{T#;f"Z>|O3) e C֋Yݏ/#;I$__%V+6}>Q,;OVt_>9[~4>2 dg )ITPz "l 6jӞ\xoR{6cc7b߉ :^OtO Z෽ ww[eO+co>՟;Bߊ,JѠdh4mʐ+a]ӵ[,.9YUk.놏Z{>;x?KV[{?mZHZZʭEa?Jf#?U)G_:eվmu'w0K6N#aZc%~3 ҫ4w_iw\uBzxOy<~Yn%ΓNFBAZ8# tWA_zSqVoeYL ]-[SO) _Z ?[/M:<:mr\-ޛr.>pgJlۇVWʲY.6}[K0'IKݿ(>(((((((((((((((((((+7Qg{xSMnlcv#Ңml&܎-,mc((*p*J(0(19a:G}h(E4wBi5fR<7 z HP]m݂I+ ) (/m))P2 k&í*_t[k ; HHwmQMJIY2\b (AEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPY~8nk:c]. P]6@' qZԮ#nb>rӊDVLیG{?baGciGEѯLw$W~*G?dkg^uo ]y,3(pƝ -Wᬶ&{o' g΋ME~gןWyF3iGE>%?+?~?*g???*?`>7c vWVW<9gXZK MzpH8&*ߴWgSmo5 ZeUs:߳b|;XQW,h5It-X̠ʖ q_)ZLCW~2J;IZgxn,H;MwM~S 9]S^0]^C/c[7|Bm; 1mW{4? |OsxúWFjxfF8z9 Hs 16{2 -hk5x$yv!=0I*I^YcUoGוF9y,k-_#js GcῈ:_xZNnd&p0r{Wu)u@7_GH碵 ^.K)Q=~z".V%_⦿NU%џWyF3iGEѯLw$WgP|`ZiD8LI23O~,?|~ "J(LQ&md+>$" ;oWcwź_$Y KQL y*o`.2@N9ώ?4?YWZo<7{Y*7BH=E~Tx/ Eoi>&m<v~ 5ڷXϋbyt[_ pEŨFR5rJ!4zsJEi>c5N>&w$W'~,U V?1bL^O/3yWIgoh|:-SY!e@8$g|{߳J뿳ٯu :+gI&p_y|+ᇆhROgJ`7 c _*MZOmἻSY7ֶ3qؼ ݤOKw;B2k'iyuKHQ\-ռ@PIdn=q_?ԟ'ό|?q_KbmUc=T{/ؿק$w'aM?t⎭7Hf`m4V>Z<F0|k?χ|aOh"];XѯR=UАpx# +cߊ)/ٟقmKCQϑZJṏx[.k^뷩Ywĵv^ѽ~}B Ij>xZΑggqy}\ZlE 2q!]s$s _)s/6[׃9v3,BT[/xQEٹ%efaixy|Mjp#8S>4nb$]?!GI'>~~uAQbҵE5!.~OU-_A "-5u佉I tϨxK,{ {'tֿxuM^E?g: /WDo?i)5]2;4'j ]~|1O nhשqo:k#  A_?K?.ܯٵ;T+$t`Jvfa?nO|uO7$܋}6iIV9&B~͸[\ֽ[mM2"qaij{Y7?u?mڟu=[H6wh?jXHW6QM+"*{.YeOUeOLj|1~$7,1O ̊XnC\F+m\{ʭ^)JQQ__`? | ^&x#;sa[I>[Oρ}7_OSwP PrK6O>%iE}Rp1|Uo y~iLD[jVݭ,9;/Ɲq~]_EWyF3i_?~lOJ-~Z։q-=F]&QL Cpp+߅|~ "JjQ5% tcNզ]E?ĸUiK 'jZKmsH֬[$0k M R۞!5# PyI}pkBm BbYZeE 3 3׿R|TQExGQEQEQEQEQEQEQE~_mGտZ۾ ؏GiW)_5W|&>;_ZK1G+I, svzs%EMGTg>`_qѫ/Q_ȧ&?S~=v5M/InKioJz֮mk!y{n5:TJX|ϫQR0/VG_?)ZLCW_?)ZLCV<#w^,dĿ&|3=dq\jZAOĘuKd%-/-/mdY[ٕ2Q~.=?i#OxdxDB 4`e{2TuV0r?_?_~K c5-Xݷz$W5⭱8x{]k ˸=Y2J8ef3:挤Q_z'`)QnQw+_??GfO^[_uĶ(?$U# :?K8~j|U5 ޓֿ6?V6;xO#źjeΝ')#꩏:Z׎?? > xK^Դ|m$7PMjn/ *GPkd2~%){_OC4*/y?ha|Ol7E?>)7NWpqw'a_x߁0k"οd[; sDY? YȞJGM'v+&Ge;@ӌW_=W~L+ſ򏏎?I|Ckſ򏏎?I|C0tĿ3q?#^_Կ(y5^5 ZW|5/aO|6Oȼ5u-#ߝŻ<^ HSPj߉K*.WVO?z+ }COǯֿƾ, N[|B~0OΪ&W1cwm8y_*nϫ^4\-CG*MZOm*MZOmpOg|["~L4OKg:k ࠟuOZjM湈@)*I/* xKR#݅f;v+*'Pf\⽌ٮfSqQZ}|%ptGcw9/2j:_-X7mYnW6pveFLJ*BoC42<=I^\͵m??C¦k{H-N^p'z|jW 2/>mo4-"g/"h!@Ǡ߅q |ix/L!=GUfФ132Arq_5'kqx_3+Ո,&+nxƄ d#eI(ssivk~'m~&Cҋr嶺-W:>uY!&N,mUg6F; V8Ҽ_Z߅Γjֵj׺ e9/`#PK?o~G w3B@0[ā'W9IJWKt'U}??'(:???'(:Un.~՟֯Q7֟W-~>(FtSJ2;cxOb.@gҿP?N'/(ũO3&Ƭ#)*<:w:Tm_xiC^/Veg?uCx[O-<-hnд7(TH· ?`Bþ$ݿo\*$A 6^6!©)!g~ןOO῏ .K.yA3G8\+ W׹ {12 ZIE揉x욬m:Z3bXgEtu !A);?__\t_\x1ʢ"y X}VZ>:g#W~_nEkqєntۥu ! 82 fNԧA%5W>+ΰ٢q5yoQKW_QKW_e.?-(b%G}/|c@Kp4+Yl.p"z+[) ?;Z<*W3on7B|-+v?+Կ~ XusnuGrcϝcw|cW5_)**.jwW}&W8QE垐QEQEQEQEQEQEQEWMɷ|AV9k#nb>rִTgWRg_ҿ(tֿrQ_oϟM'wעf'o%-.i{o5XX g*m?? g!=8O ]:0XÀ>kLgs|K:1WG*GPGc_eYS/?5>K򇯃_PzF?C(1K mwڻmP[e@+tax΍Zd#N-uّ-V|I$^b~Q_=?| Y?$~ R_{8R7i?mJtwK[n-{Ky4NՇ AA*MZOm'Fx[]/ɞ|;~5|&ό4o)m"^ڨcU g Gz Lmټ[O$Z[֚ukctR4@\:i_?u}iQ_ؿZY[B1g`m"FAn4e=dclvk,w(>~Oa2Տq{鶻tks_^$}V«0bEcW_>ׯ|1]*Rn䵿F^7Sʲ Њ޿+Wq KpK;Ɇ鑀:rĸYGVܸ'roߤG4|ANU?Kk?.~<z+?.~<z8+Fwoa5H')s=|eWt}"^wወ#3C5*<2&lViOf~tSRk:` +jv6UWofٖ 4t*Ǖhg7e^]Z>=_M+_>|CfoRH_#u0= }Q0@(+ZnOl> [Jnoc1_τz6iyep7RRHeF## w(do_l8 {"~~_)]zwk-ulp0!>zz@u9YlYo)8߽_vћj,]5R?/liQDjP=zGlu;GD@{]G5'?I(>bn/%u`͟18?Bq ڿO>|tm^Q]kþ K'S}4N2=T_7ę4c]޽$|({gϟ4OcP6 #wVSя%Ӿ:OmWxݘ+ver2{K+,Og5xnmt@}ʱn@9?4or]/vKiG2Єxf{i@a_uN*qii|&S 1'gC i(bcA i(bcAuOg]V Czz=?ROOß?׀M{Glx3 ʞG7= G ?l~ ,uV#8pTǪϡh 5gKh?n$9$_@<70ͼ$r(hC2=yhWoiM~g}:+_Jݚc(((((((+]W_|YFo ى_jex'&Z*').RLb  ~Ik(,^&3:׆ mmB?ൿoe?`i3W~}J [Jlj9/C~s+6qY*.]ճ-ʨepi6W_ 7/'^ݴ.I_6 Jyc'֊?la?H?մ*;Kȵ(\ PH9G2qs_Wͫbh)յMtXЫ'dӾm&ϱ$?o?ػ޼IÞWtW/;qj Hc"j(*+I;%zi(cM}B(<>g~?j&π?cO.[E:ȱ][I  *'|#gtդ\\C=,A$mA eb=]{tw)J??m_/^9|"[YH^%1'4$lF F#$`O_?5W)/s{lffSB݀ˆZ+1|Sa] $wp9bjSk}lx'ďK Oo5/-mIu"yD@= e rJ͝?WEse\A(ʕŦ~od\ΪRM4ɞ/;WW↙5+f+`D:Tȟ[o!4/>/OdϤkrki%nhpQ㑎H>e^*om5Fu،TWIy|Ptଟ /$x4K $D"'oU]:؏7ܤF3(_ֿ+# ߣ3—r_wg_5?~پ7<ԕ^E/#ծSzQ_v~Q_Go: GK_֏?3 VZ^ʃ/t}\^/[u}nٯ| *bF 51Qq^WhydedK鮊 q~{ ^ͧ\%3F+ݏx?xGJlZuŚtkiv,j@a^6cc"6Ofw3LdzV4_ <@?CWmR`FY܀&m_:b_?'џI,##t0(̾b<Y̧ˇv^cLfcFo.~Q_oO* !7-]&c\w;S'xO ]l(5e|' tEK=>&.FJK((Ss 5i(akźݎ K AW.X 1&7u=~\|%o[_z |/W!M7bW1?y{g`x{20X.v>3=`qƣwen:_{Oh]Y_[Gqis Ibu pAR>f=a4Q\ UI H'ǃ=Z LrKmk$ȯ=ϛ8?u~՚̓FRkG{nyyogֽ޺#9kF~n#;Jq}n[U]܌JOy&;Bxj=~Chb(ƬvM|Š+οk>! -|C+KYO x7QtoQ w ܣ zpJݻRj\Z+: l>jh_ V=_\=3]~>aOҟ46^-0v⺚Q]D`q,QUkG}m 1ѽҾ{;U߷'w/+tWqtuܓ<6r."0N< ,(??) g lpoO#  D o?* D o?*O{G'iʻ? +J>!WlŸhm>öҐ8W co|6/sLU%CbƔ99?US ?gmxu&-ϕ?a% ~7(c2/%_7+™*KvqrQrqUEe'=?ǟQahit!АV|M;3M5tW M4u߇>O N|[cjW>"e(`xJ6sLl #<#kjOúT39;M xA\ ۴~XM=B;9VG7>k=:׭ɱT ]y RҵWcފ($Š((((((((((+m?eo??!{(eX1UtʭEݗ̊#JJq e[V{>-OҴ6AV[|dn+gV>0Eh?UZ3w~2i IpcqTf dkZG{j7r\^\^I摋;K$ܚԿFy ߴ=Κ?[lZmG}f|e84M%m4H)( K̵(Kpҿg`kS!oq48sg+|l~?>uOéڶ˴P*ͻƹcj5m_mi3n_k Aׁ_RD`~Ԋ^?B1[ _oǘ_f_?knſm3/L57O_M}W_|_KgC_}_ _y_tW?6_>+mGA^%)||ja_RGƯ&\?_+֧_!N?Ӎ,uN?Ӎ~+5N4YX|Z|RȷZ߈kKXB{i%b\]PO?$7VjfUyO϶yn\+# E?o/>h_ٞ׍l4]?K{x fvğz }ɟ*i?I`来ˣէIp$97d"W˿XOJ'_)Я3Gm~ׯO}dԹ`?<Ҟ~)ǚZ[N$7V ~$a.|O zYwXi`W#h g{}\0 963Zx )”S]RW??뗋?_JoIO+ZE_x~~şG%7'K2?%g:^\ZOρzCGv2=_A2ck?竰d< Kߵ7śI,SZ %"@v wi&3ycU^Wk> p\ݥ=/ueoٿPh<s5|cu _%9w9f݉9b1Ԋ?c";5m;E񷈒otȯ.L  d )_.Zr]iȹ1}Yfz-dsGF9ׯCslOמcm.ھI[Cr;}fT&}l}|N o%ٗ:EЕtBĉ,S_ # M_| jzM?oTf*G!eB :g2nW%1i4mk .4Kk!e\1bpIMC2=lSS+]u[S|y?g'7#/&%<=+,șʬwCKV E??FR8]zM?YsRӪ?;J'_:ֿcCf&_k'Oڧ7z~SX@14wY^H ew+qcU \?잗ri~'ѩ_:+諟m4Ǧ:iU>W_Mˏy#>>ъOu PUүfeH*Õ`@ A+௺3\?Ap %D:1 |W/ 0ΰ߳6۳펵EyW jOWnnY8@Th۱f]x R[FQoˍ*:-}<+vf,kksr$۾<+b[JԴVClex."1VFA؊O?jm ߲?dSTAx#Ēj}6M.)ܠ 6tc8ʔdQ2MYY,ZC(.o_ aW0'Ż8;Qֿ۟Q+o.g쿫~M~kKhs=y:h|u,zjСќR_Rl#+3T#5~(źdjidCYBx㞿?6ҿh&VIO(1?B?MOC(Eׂ/maq^nAӠ3Imۻ୾MgþFޡ?Z?t__QK/I2L60!u QGfVFJ5Ǔ ZOLǞãԬ/_?pgWt~cָQi}O?m!Y-W~A#*`Č؃nXq~7x7m⿏_n:?+N`ąkQGv`+wgCu}>YgS=, ybRnYcDQP: ~ *b5%踫GyNcB>>ƚ<5$&jŧٖ႟)}0?tuQyν*}cŸ,G=m/6]*JN kxb$qUxI4-Q<'㿆^([3WѼAso8 E*#쩼C1om~'}KKm~|]OૃM~T`p **G5|ᏎRs{qsь7W1)*[r^gf+$DŽ[P _oh/ЃA:hZ&5Aikoy&*"b5y:f?d؇{-|1 :5`+7ur'T,ttQ͵L-g:zSGI֐6Kjq^]I7Ot4I1ݭe?ʸ< C;ktgOOa;.:PA?pUzqxWQub8x`gz5?'j1 ~ x]'Ğ[:>TѺnwkV>75]V )WF E.X%?ߴL&ޡIJsm~Q@n|Y޻\H/C8y%e~+sqQ,oPVzߵG CcYz^iI_}hZ7%8?2oX/1@Z] |^w| 4hGHN}l$YSr7#enpn_3'r5 ˎSc!MS6>f̳L,⟟PQE~F~QEQEQEQEQEQEQEQEQEQEQE~şF?xC~~>R޹+]Dt K_PDQCnK̟|zh_ZKu-olm@F A?IbxWGR2?O֯~0^~? D"P4 qlh}Z>*Iφ3z?ǍG o 4Hcܸ 4ڿIwL"YԟV?џQU7J-ɧA}y((b9E]8*y{8|o;U9w {l&P+FW+uu8*A_*@ 2 lg?0c7uS,"-;N7Ȳ!x|(uoA:%-7~gPC$yI5Kگ0hRࠟi#FӬuuҴ{ M+vpĨ+,8-# I&moXҴvYtxZ\FH>G>:xoV~"?nOK?a6 !90yUȖS\F=~b|jw72/6G&esɆKGw^xJF`y2݋ l~x<~6A%םy_ҫD[j7#2v:9P2IU7 ~ه>$x@佹c5 B6<9!%Pr29?JY?M%??e_>! .?}6_A%N"<*Ӫ&z)U 1 JI/Cu_>$3m强6]xoNF8@WPbNβ=~4ȇ!DoI_> E5?JnZXP\\[GvVEf@M ٯ/O|}|k]]-Y;=Ijg7ݜdgEx9r<>*m'y^Yn`eW֎26vvG}?j?D_<@>. ͑~۾6eo\sg*mzɷ?}no OV&nZ[f$F]ʁcqVqSjI֖}y<9XN9W+[3( )De#Qѕ/EߵO[C?ƉA_\jI~i >$;WW_F/#Oz|x2a^->1;W/(z2β;ju/>XYKt>f4^ti;lngTQE~x}\YzSL>Z*G[eɼ)}x%Ci?fڏ??kR.Je|GJ)7,=JgջtSsL1gN:wqW~W^$Q>EioO.ft{[w(q1IQϲh0UhŦxA~'DvQ?ppѺbݯ&W 4υP=Z¾/Kv:|v0&aV{yk#X2`GA~Qshzw4k"YiKU|`7sFȱ0F2[jʹhzs[>ގOT|e<;qxO~/W_c Si|Fj;s,>eK.2@@:܊W~"Q4$7VX|v!!_2v4lLEUQ37>FkKSDN|=lwbYt{ـG?qa?Y;^-uŐ s+%dLZ/I֣7VO/%6R*U`ïv|oWE^OҴ[φԭ{r9S> NTe""FBYgqN_D%v_G-*T+:{^|Ӽ܅@Ԇ? Aw7Q yov~])*͝ݩ?G*犾v{kmxK/Ʈ%'mvבs?g_zpk=N/3L*n'<)d<1\>Zj*vkTϩNjnWOF~/?&:i 6KOލgpT/ |$^ _U$*7;C6ό<=+?cmb'e|[ e|q*B*^Jph@@@ b@r> U0HeaderdB#66 U0 Header CharmH sH > > U0FooterdB#66 U0 Footer CharmH sH PK![Content_Types].xmlj0Eжr(΢Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi};~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭?PK!֧6 _rels/.relsj0 }Q%v/C/}(h"O = C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xml M @}w7c(EbˮCAǠҟ7՛K Y, e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+& 8PK!Ptheme/theme/theme1.xmlYOo6w toc'vuر-MniP@I}úama[إ4:lЯGRX^6؊>$ !)O^rC$y@/yH*񄴽)޵߻UDb`}"qۋJחX^)I`nEp)liV[]1M<OP6r=zgbIguSebORD۫qu gZo~ٺlAplxpT0+[}`jzAV2Fi@qv֬5\|ʜ̭NleXdsjcs7f W+Ն7`g ȘJj|h(KD- dXiJ؇(x$( :;˹! I_TS 1?E??ZBΪmU/?~xY'y5g&΋/ɋ>GMGeD3Vq%'#q$8K)fw9:ĵ x}rxwr:\TZaG*y8IjbRc|XŻǿI u3KGnD1NIBs RuK>V.EL+M2#'fi ~V vl{u8zH *:(W☕ ~JTe\O*tHGHY}KNP*ݾ˦TѼ9/#A7qZ$*c?qUnwN%Oi4 =3ڗP 1Pm \\9Mؓ2aD];Yt\[x]}Wr|]g- eW )6-rCSj id DЇAΜIqbJ#x꺃 6k#ASh&ʌt(Q%p%m&]caSl=X\P1Mh9MVdDAaVB[݈fJíP|8 քAV^f Hn- "d>znNJ ة>b&2vKyϼD:,AGm\nziÙ.uχYC6OMf3or$5NHT[XF64T,ќM0E)`#5XY`פ;%1U٥m;R>QD DcpU'&LE/pm%]8firS4d 7y\`JnίI R3U~7+׸#m qBiDi*L69mY&iHE=(K&N!V.KeLDĕ{D vEꦚdeNƟe(MN9ߜR6&3(a/DUz<{ˊYȳV)9Z[4^n5!J?Q3eBoCM m<.vpIYfZY_p[=al-Y}Nc͙ŋ4vfavl'SA8|*u{-ߟ0%M07%<ҍPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!Ptheme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] -);); h fffffi> 6!+%1,4B)C"$%')*,.3 -$46r9'<>)C#&(+-/012&J(());XX $&i!L# AA@0(  B S  ? RANGE!A1:A71 RANGE!A1:A28$,A4*;+,K4*; \L\\̧\ \L\\̨\ \L\\̩\ \L\\̪\ '' ^ ^  *;     11 ` ` ""*; B*urn:schemas-microsoft-com:office:smarttagscountry-region; *urn:schemas-microsoft-com:office:smarttagsaddress: *urn:schemas-microsoft-com:office:smarttagsStreet8*urn:schemas-microsoft-com:office:smarttagsCity9*urn:schemas-microsoft-com:office:smarttagsplace ? |)))),,,-Z-d-------. .//?0H01#1j1q1r1y12222"3*323;33345667::::::::::::$;$;';*;29%-|!&@#K#7::::::::::::$;$;';*;7:::::::::::::$;$;*;,-Y Q,.?A0BcvzrY*kssvwz ^`OJQJo( ^`OJQJo(o p^p`OJQJo( @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o P^P`OJQJo( ^`OJQJo( ^`OJQJo(o p^p`OJQJo( @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o P^P`OJQJo( ^`OJQJo( ^`OJQJo(o pp^p`OJQJo( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o PP^P`OJQJo( ^`OJQJo( ^`OJQJo(o p^p`OJQJo( @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o P^P`OJQJo( ^`OJQJo(^`^J.pp^p`^J.@ @ ^@ `^J.^`^J.^`^J.^`^J.^`^J.PP^P`^J. ^`OJQJo( ^`OJQJo(o pp^p`OJQJo( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o PP^P`OJQJo( ^`OJQJo( ^`OJQJo(o pp^p`OJQJo( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJQJo( ^`OJQJo( ^`OJQJo(o PP^P`OJQJo(Q,.B,-rY*ksvw?A                                                               _:Q`9v z t F abC'U|()Q+Q^-16J:;]?CDb]A 4`y;i28]YU()mS<><BI _lae7!7@);X@Unknown G* Times New Roman5Symbol3. * ArialS HelveticaNeueLT-Light7.{ @Calibri5" Tahoma?= * Courier New;WingdingsACambria Math"1h0F0F:.d:.d$0772HX  $Pe2!xxAntonia SwinsonAntonia Swinson(       Oh+'0|  8 D P\dltAntonia Swinson Normal.dotmAntonia Swinson2Microsoft Office Word@@8J"@8J":.՜.+,D՜.+,, hp|  d7  TitleT 8@ _PID_HLINKSA  Wp#mailto:antonia.swinson@ssec.org.uk&:,http://www.scottishsocialenterprise.org.uk/  !"#$%&'()*+,-./012346789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry FX"Data 5i1TableP8WordDocument 4hSummaryInformation(DocumentSummaryInformation8MsoDataStoreX"X"EPH2FGKNVU5==2X"X"Item  PropertiesUCompObj y   F'Microsoft Office Word 97-2003 Document MSWordDocWord.Document.89q