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2024-08-31-accounts

Lubavitch Liverpool Trustees’ Report for year ended 31 August, 2024

The trustees present their report along with the financial statements of the charity for the year ending 31 August, 2024.

Charity details

The details of the charity are given on page 1.

Constitution and objects

Lubavitch Liverpool is constituted under a MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 3 AUGUST 2007 and is registered charity number 1123511.

The objects of the charity are

  1. The advancement and promotion of the Jewish religion for the benefit of the public in accordance with the Orthodox tenets thereof.

  2. The advancement of public education including education in the Orthodox Jewish faith and the provision of recreational facilities ancillary thereto.

  3. The relief of financial hardship by the provision of financial assistance to persons of the Jewish faith who are in need to enable them to observe and perform the rites and practices of the Jewish religion.

  4. Any other objects that are considered charitable by laws of England and Wales.

Activities

The main activities are ‘preparing ourselves for the ultimate redemption’ through ensuring Jewish continuity by reinforcing Jewish identity by providing nourishing educational and social activities, reaching out to all, whether in times of crisis, celebration and in daily life. The charity’s main income is from contributions which enable the charity to achieve its objectives.

Achievements and Performance

During the year 2023-24 the charity continued to run and expand all its programmes and activities to include youth activities, festival and Sabbath activities, adult education programmes, social services, Judaica services and publications. Chanukah, Purim, Passover and Shavuot activities have grown with programs for children in the Jewish schools of Liverpool.

Future plans

The trustees plan to continue and increase the charity’s activities and programs; especially in the areas of youth and children.

Recruitment and Appointment of New Trustees

The appointment of new trustees is at the discretion of the serving trustees. All decisions made on behalf of the charity are made by the trustees.

Trustees’ Responsibility

The trustees are required under the Charities Act 1993 to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year (unless a charity is entitled to prepare accounts on the alternative receipts and payments basis).

In preparing financial statements giving a true and fair view, the trustees should follow best practice and

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on 19 June, 2025 and is signed on behalf of them all.

………………………………………. Mr. Geoffrey Max

Registered number 06333245

Lubavitch Liverpool

Report and Accounts

31 August 2024

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

Lubavitch Liverpool Report and accounts Contents

Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7

Lubavitch Liverpool Company Information

Directors

Jeffrey Max Peretz Chein

Accountants

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

Bankers

Barclays Bank Plc Liverpool South Leicestershire L87 2BB

Registered office

76 Beech Lane Liverpool L18 3ER

Registered number 06333245

Charity number 1123511

1

Lubavitch Liverpool Registered number: 06333245 Directors' Report

The directors present their report and accounts for the year ended 31 August 2024.

Principal activities

The company's principal activity during the year continued to be a charity for the advancement and promotion of the Jewish Religion in accordance with the Orthodox Tenets.

Directors

The following persons served as directors during the year:

Jeffrey Max Peretz Chein

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 18 June 2025 and signed on its behalf.

Jeffrey Max Director

2

Independent examiner's report to the trustees of Lubavitch Liverpool a Charitable Company ('the Company') Limited by Guarantee

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024

Responsibliities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.

Independent examiner's statement

Since the Company's gross income does not exceed £250,000 your examiner does not need to be a member of a body listed in section 145 of the 2011 Act. Nevertheless I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  1. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

18 June 2025

3

Lubavitch Liverpool Profit and Loss Account for the year ended 31 August 2024

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating loss
Interest payable
Loss before taxation
Tax on loss
Loss for the financial year
2024
£
160,502
(85,565)
74,937
(80,147)
(5,210)
(1,377)
(6,587)
-
(6,587)
2023
£
178,103
(100,599)
77,504
(82,611)
(5,107)
-
(5,107)
-
(5,107)

4

Lubavitch Liverpool Registered number: 06333245 Balance Sheet as at 31 August 2024

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due
within one year
5
Net current assets
Deficiency of assets
Capital and reserves
Profit and loss account
Members' funds
2024
£
14,040
6,879
1,609
8,488
(2,494)
5,994
20,034
20,034
20,034
2023
£
17,549
12,116
879
12,995
(3,923)
9,072
26,621
26,621
26,621
2023
£
17,549
12,116
879
12,995
(3,923)
9,072
26,621
26,621
26,621
26,621
26,621
26,621

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Peretz Chein Director Approved by the board on 18 June 2025

5

Lubavitch Liverpool Statement of Changes in Equity for the year ended 31 August 2024

At 1 September 2022
Loss for the financial year
At 31 August 2023
At 1 September 2023
Loss for the financial year
At 31 August 2024
Profit
and loss
account
£
31,728
(5,107)
26,621
26,621
(6,587)
20,034
Total
£
31,728
(5,107)
26,621
26,621
(6,587)
20,034

6

Lubavitch Liverpool Notes to the Accounts for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, of charitable donations made by donors. Turnover may include revenue earned from the sale of goods and from rendering of services to the public in connection with its principal actvity. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery over 10 years Fixtures, fittings, tools and equipment over 10 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The company is a charity and is not subject to taxation.

7

Lubavitch Liverpool Notes to the Accounts for the year ended 31 August 2024

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 September 2023
24,235
At 31 August 2024
24,235
Depreciation
At 1 September 2023
9,614
Charge for the year
2,924
At 31 August 2024
12,538
Net book value
At 31 August 2024
11,697
At 31 August 2023
14,621
2024
Number
4
Plant and
machinery
etc
£
8,092
8,092
5,164
585
5,749
2,343
2,928
2023
Number
5
Total
£
32,327
32,327
14,778
3,509
18,287
14,040
17,549

Included in fixed assets are assets funded throuugh the National lottery grant for use as part of the

4
Debtors
Trade debtors
Other debtors
2024
£
5,495
1,384
6,879
2023
£
5,267
6,849
12,116

8

Lubavitch Liverpool Notes to the Accounts

for the year ended 31 August 2024

5
Creditors: amounts falling due within one year
Taxation and social security costs
Other creditors
Accruals and deferred income
2024
£
152
1,462
880
2,494
2023
£
130
2,993
800
3,923

6 Other information

Lubavitch Liverpool is a private company limited by guarantee and incorporated in England. Its registered office is:

76 Beech Lane Liverpool L18 3ER

7 Company limited by Guarantee

The liability of the members is limited to a sum of £10.

9

Lubavitch Liverpool Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Sales
Cost of sales
Gross profit
Administrative expenses
Operating loss
Interest payable
Loss before tax
2024
£
160,502
(85,565)
74,937
(80,147)
(5,210)
(1,377)
(6,587)
2023
£
178,103
(100,599)
77,504
(82,611)
(5,107)
-
(5,107)

10

Lubavitch Liverpool Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Sales
General donations
Designated contributions
Gift aid receipts
National Lottery grant
Cost of sales
Jewish festivals
Adult activities
Children's activities
Catering
Liverpool Jewish Women's Circle
Designated donations
General donations
Books and periodicals
Administrative expenses
Employee costs:
Wages and salaries
Travel and subsistence
Motor expenses
Motor vehicle leasing
Premises costs:
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and fax
Stationery, postage and printing
Subscriptions
Bank charges
Computer costs
Repairs and maintenance
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Consultancy fees
Payroll services
2024
£
126,252
19,904
14,346
-
160,502
20,896
5,723
10,266
23,216
-
19,904
4,661
899
85,565
29,725
3,334
7,129
10,605
50,793
3,983
8,131
6,719
18,833
1,993
783
284
186
1,060
1,221
3,509
95
9,131
880
-
510
1,390
80,147
2023
£
134,705
19,420
13,978
10,000
178,103
20,954
6,176
11,882
25,939
9,971
19,420
4,386
1,674
100,599
29,163
3,048
6,029
12,811
51,051
4,046
9,092
5,865
19,003
1,849
1,049
257
276
2,662
490
4,388
12
10,983
800
270
504
1,574
82,611

11

Registered number 06333245

Lubavitch Liverpool

Report and Accounts

31 August 2024

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

Lubavitch Liverpool Report and accounts Contents

Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7

Lubavitch Liverpool Company Information

Directors

Jeffrey Max Peretz Chein

Accountants

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

Bankers

Barclays Bank Plc Liverpool South Leicestershire L87 2BB

Registered office

76 Beech Lane Liverpool L18 3ER

Registered number 06333245

Charity number 1123511

1

Lubavitch Liverpool Registered number: 06333245 Directors' Report

The directors present their report and accounts for the year ended 31 August 2024.

Principal activities

The company's principal activity during the year continued to be a charity for the advancement and promotion of the Jewish Religion in accordance with the Orthodox Tenets.

Directors

The following persons served as directors during the year:

Jeffrey Max Peretz Chein

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 18 June 2025 and signed on its behalf.

Jeffrey Max Director

2

Independent examiner's report to the trustees of Lubavitch Liverpool a Charitable Company ('the Company') Limited by Guarantee

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024

Responsibliities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.

Independent examiner's statement

Since the Company's gross income does not exceed £250,000 your examiner does not need to be a member of a body listed in section 145 of the 2011 Act. Nevertheless I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  1. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

H J Pinczewski and Co. Chartered Certified Accountants Rico House George Street Upper Floor Prestwich, Manchester M25 9WS

18 June 2025

3

Lubavitch Liverpool Profit and Loss Account for the year ended 31 August 2024

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating loss
Interest payable
Loss before taxation
Tax on loss
Loss for the financial year
2024
£
160,502
(85,565)
74,937
(80,147)
(5,210)
(1,377)
(6,587)
-
(6,587)
2023
£
178,103
(100,599)
77,504
(82,611)
(5,107)
-
(5,107)
-
(5,107)

4

Lubavitch Liverpool Registered number: 06333245 Balance Sheet as at 31 August 2024

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due
within one year
5
Net current assets
Deficiency of assets
Capital and reserves
Profit and loss account
Members' funds
2024
£
14,040
6,879
1,609
8,488
(2,494)
5,994
20,034
20,034
20,034
2023
£
17,549
12,116
879
12,995
(3,923)
9,072
26,621
26,621
26,621
2023
£
17,549
12,116
879
12,995
(3,923)
9,072
26,621
26,621
26,621
26,621
26,621
26,621

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Peretz Chein Director Approved by the board on 18 June 2025

5

Lubavitch Liverpool Statement of Changes in Equity for the year ended 31 August 2024

At 1 September 2022
Loss for the financial year
At 31 August 2023
At 1 September 2023
Loss for the financial year
At 31 August 2024
Profit
and loss
account
£
31,728
(5,107)
26,621
26,621
(6,587)
20,034
Total
£
31,728
(5,107)
26,621
26,621
(6,587)
20,034

6

Lubavitch Liverpool Notes to the Accounts for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, of charitable donations made by donors. Turnover may include revenue earned from the sale of goods and from rendering of services to the public in connection with its principal actvity. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery over 10 years Fixtures, fittings, tools and equipment over 10 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The company is a charity and is not subject to taxation.

7

Lubavitch Liverpool Notes to the Accounts for the year ended 31 August 2024

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 September 2023
24,235
At 31 August 2024
24,235
Depreciation
At 1 September 2023
9,614
Charge for the year
2,924
At 31 August 2024
12,538
Net book value
At 31 August 2024
11,697
At 31 August 2023
14,621
2024
Number
4
Plant and
machinery
etc
£
8,092
8,092
5,164
585
5,749
2,343
2,928
2023
Number
5
Total
£
32,327
32,327
14,778
3,509
18,287
14,040
17,549

Included in fixed assets are assets funded throuugh the National lottery grant for use as part of the

4
Debtors
Trade debtors
Other debtors
2024
£
5,495
1,384
6,879
2023
£
5,267
6,849
12,116

8

Lubavitch Liverpool Notes to the Accounts

for the year ended 31 August 2024

5
Creditors: amounts falling due within one year
Taxation and social security costs
Other creditors
Accruals and deferred income
2024
£
152
1,462
880
2,494
2023
£
130
2,993
800
3,923

6 Other information

Lubavitch Liverpool is a private company limited by guarantee and incorporated in England. Its registered office is:

76 Beech Lane Liverpool L18 3ER

7 Company limited by Guarantee

The liability of the members is limited to a sum of £10.

9

Lubavitch Liverpool Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Sales
Cost of sales
Gross profit
Administrative expenses
Operating loss
Interest payable
Loss before tax
2024
£
160,502
(85,565)
74,937
(80,147)
(5,210)
(1,377)
(6,587)
2023
£
178,103
(100,599)
77,504
(82,611)
(5,107)
-
(5,107)

10

Lubavitch Liverpool Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Sales
General donations
Designated contributions
Gift aid receipts
National Lottery grant
Cost of sales
Jewish festivals
Adult activities
Children's activities
Catering
Liverpool Jewish Women's Circle
Designated donations
General donations
Books and periodicals
Administrative expenses
Employee costs:
Wages and salaries
Travel and subsistence
Motor expenses
Motor vehicle leasing
Premises costs:
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and fax
Stationery, postage and printing
Subscriptions
Bank charges
Computer costs
Repairs and maintenance
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Consultancy fees
Payroll services
2024
£
126,252
19,904
14,346
-
160,502
20,896
5,723
10,266
23,216
-
19,904
4,661
899
85,565
29,725
3,334
7,129
10,605
50,793
3,983
8,131
6,719
18,833
1,993
783
284
186
1,060
1,221
3,509
95
9,131
880
-
510
1,390
80,147
2023
£
134,705
19,420
13,978
10,000
178,103
20,954
6,176
11,882
25,939
9,971
19,420
4,386
1,674
100,599
29,163
3,048
6,029
12,811
51,051
4,046
9,092
5,865
19,003
1,849
1,049
257
276
2,662
490
4,388
12
10,983
800
270
504
1,574
82,611

11