There are 100 Pence in a Pound, so 65 Pence would be 65% of One Pound. Your ancestors are taught only fractions, not decimals until a few years before decimalisation in 1971. Your ancestors learn that there are twenty shillings make one pound. Then, twelve pence make one shilling. That pre-decimal subdivision persisted until 15th Feb., 1971. Then, the pound is much simpler with one hundred new pence make one pound. So, 65 pence is 13 shillings before 1971. 65 pence is 13/20 of pound.
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It is a hundredth.
There are 100 pence per pound. Five pence is 5/100 or in lowest terms, 1/20.
1 twentieth .
1/10 = 10/100
One fiftieth of a pound is two pence 1/50 of £1.00= £0.02