ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
TeachBeyond
(A company limited by guarantee) Charity registration number: 1156766 Company registration number: 08922433
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham, Chichester West Sussex PO18 8NF
TEACHBEYOND
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
TEACHBEYOND
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees Dr Oborn-Barrett Dr Coleen Rachel Jackson Mr Mark Merrill Wiebe Mr Alan James McIlhenny Charity Registration 1156766 Number Company Registration 08922433 Number The charity is incorporated in England. Registered Office 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham, Chichester West Sussex PO18 8NF Bankers HSBC plc 6 West Street Horsham West Sussex RH12 1PE
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TEACHBEYOND
TRUSTEES' REPORT
The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021.
Structure, governance and management
Nature of governing document
TeachBeyond is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 4 March 2014.
Recruitment and appointment of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and activities
Objects and aims
The principal object of the company is to provide the advancement of Christianity and the furtherance of transformational education.
Objects:
- The advancement of Christianity and the furtherance of transformational education. - Other charitable purposes for the public benefit as the Trustees may from time to time determine.
Objectives, strategies and activities
The principal activity of the company is to coordinate the strategic planning of worldwide operations between our various independent, but related national partner charities working in conjunction with schools and other educational settings in over 50 countries worldwide providing transformational education to children and to adults.
We provide teaching and learning services to all in order to promote holistic personal growth and enduring social benefit. The company will develop to become a resourcing global centre of excellence to enable our partnering charities to benefit from pooled knowledge and better access to funding sources.
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TEACHBEYOND
TRUSTEES' REPORT
Public benefit
We seek to advance both Christianity and learning through the provision of educational services. We work with teachers, adult educators, schools and other educational providers for the benefit of children, adult learners, their families and society in general. We provide holistic education founded on the Christian faith for academic and social improvement. We also provide services for teachers, administrators and other educators worldwide to aid them in delivering transformational education for the long-term benefit of their communities and nations.The services, resources and personnel TeachBeyond provides likewise benefit the schools, agencies and educational establishments with which we partner.
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Achievements and performance
Review of activities
TeachBeyond Ltd, like any organization working globally, the organization continued to see this past year filled with starts and stops due to the COVID-19 pandemic. As the year progressed, the ongoing restrictions for travel began to diminish, allowing TeachBeyond to increase its global networking and coordinating services through a combination of in-person and online visits. The trustees and members of the charity (Global committee) continued to meet online as progress was made for the new strategic plan. Most notably, work began on an update to the organizational mission and vision. Our office in Horsham, referred to as the Global Centre, was stable and did not see any additional staff or turnover. The Global Centre staff did not spend significant time together in person at the office due to the ongoing guidance to work at home. Restrictions were lifted in the fall allowing the Global Centre to host training and leadership meetings for the first time since 2019. The new office space was used as anticipated and allowed for a much larger group to gather in Horsham than in previous years.
In summary, the global work continued to grow at a steady pace with growth in all regions.
Financial review
Income for the year was £183,343 (2020: £129,928) and expenditure £226,998 (2020: £146,158), resulting in a deficit of £43,655 (2020: deficit £16,230). Unrestricted funds carried forward amount to £24,758 (2020: £69,107).
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TEACHBEYOND
TRUSTEES' REPORT
Policy on reserves
It is the intention to hold unrestricted reserves to cover three months operating costs. In the medium term the Trustees will investigate other sources of funding for the company, including in particular from international projects which are increasingly capable of providing financial support.
Plans for future periods
The primary goal for 2022 is to gather the organization together in two major conferences. The first is a European conference in Slovenia and another is planned for Asia. The purpose behind these conferences is to bring members (and families) from across the region together to:
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Create deeper understanding of the mission and community within the region through
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doing ‘life together’
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Cast vision for ‘Glocal’: Who is TeachBeyond around the world and in the region
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Equip and empower members for ‘teaching beyond’
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Share stories of transformation from across the region.
These conferences, along with our new strategic plan called “embracing the vision” set out a bold vision for how the organization will push toward missional effectiveness.
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TEACHBEYOND
TRUSTEES' REPORT
Statement of Responsibilities
The Trustees (who are also the directors of TeachBeyond for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the Trustees of the charity on 26 October 2022 and signed on its behalf by:
.........................................
Dr Coleen Rachel Jackson Trustee
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TEACHBEYOND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEACHBEYOND
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 7 to 17.
Responsibilities and basis of report
As the charity’s Trustees of TeachBeyond (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 TeachBeyond 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
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:
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accounting records were not kept in respect of TeachBeyond as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham, Chichester West Sussex PO18 8NF
26 October 2022
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TEACHBEYOND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 3 33,664 Investment income 4 2 Total income 33,666 Expenditure on: Charitable activities 5 78,015 Total expenditure 78,015 Net (expenditure)/income (44,349) Net movement in funds (44,349) Reconciliation of funds Total funds brought forward 69,107 Total funds carried forward 12 24,758 |
Restricted funds £ 149,677 - 149,677 148,983 148,983 694 694 - 694 |
Total 2021 £ 183,341 2 183,343 226,998 226,998 (43,655) (43,655) 69,107 25,452 |
Total 2020 £ 129,875 53 |
|---|---|---|---|
| 129,928 | |||
| 146,158 | |||
| 146,158 | |||
| (16,230) | |||
| (16,230) 85,337 |
|||
| 69,107 |
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
TEACHBEYOND
(REGISTRATION NUMBER: 08922433) BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 12 |
2021 £ 2,334 17,326 8,029 25,355 (2,237) 23,118 25,452 694 24,758 25,452 |
2020 £ 4,667 12,520 54,998 |
|---|---|---|
| 67,518 (3,078) |
||
| 64,440 | ||
| 69,107 | ||
| - 69,107 |
||
| 69,107 |
For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 17 were approved by the Trustees, and authorised for issue on 26 October 2022 and signed on their behalf by:
......................................... Dr Coleen Rachel Jackson Trustee
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
TeachBeyond meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants receivable
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Fixtures and fittings | 33% on cost |
| Furniture and equipment | 33% on cost |
| Computer equipment | 33% on cost |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
3 Income from donations and legacies
| Unrestricted funds General £ Donations and legacies; Donations - Grants, including capital grants; Grants 33,664 33,664 4 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Restricted funds £ - 149,677 149,677 Unrestricted funds General £ 2 |
Total 2021 £ - 183,341 183,341 Total 2021 £ 2 |
Total 2020 £ 55 129,820 |
|---|---|---|---|
| 129,875 | |||
| Total 2020 £ 53 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
5 Expenditure on charitable activities
| Note Office costs Printing, postage, phone and stationery Team expenses Travelling and relocation Insurance Meeting expenses Legal and other professional fees Independent examination Depreciation Grant funding of activities 6 Staff costs 8 |
Unrestricted funds General £ 43,271 7,379 278 2,915 607 1,544 2,087 1,380 2,333 14,358 1,863 78,015 |
Restricted funds £ - - - - - - - - - - 148,983 148,983 |
Total 2021 £ 43,271 7,379 278 2,915 607 1,544 2,087 1,380 2,333 14,358 150,846 226,998 |
Total 2020 £ 14,109 3,517 115 10,675 595 - 2,008 1,380 2,333 3,770 107,656 |
|---|---|---|---|---|
| 146,158 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
6 Grant-making
Analysis of grants
Grants
Grants to institutions 2021 2020 £ £ 14,358 3,770
The support costs associated with grant-making are £Nil (31 December 2020 - £Nil).
7 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Other staff costs |
2021 £ 150,638 208 150,846 |
2020 £ 107,448 208 |
|---|---|---|
| 107,656 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| follows: | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| No | No | |||
| Staff | 9 | 8 |
No employee received emoluments of more than £60,000 during the year.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
9 Tangible fixed assets
| 9 Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Furniture and equipment £ Computer equipment £ Cost At 1 January 2021 8,865 601 At 31 December 2021 8,865 601 Depreciation At 1 January 2021 4,198 601 Charge for the year 2,333 - At 31 December 2021 6,531 601 Net book value At 31 December 2021 2,334 - At 31 December 2020 4,667 - 10 Debtors Due from group undertakings Prepayments Other debtors 11 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals |
Computer equipment £ 601 |
Fixtures and fittings £ 800 800 800 - 800 - - 2021 £ 846 8,980 7,500 17,326 2021 £ 737 - 1,500 2,237 |
Total £ 10,266 10,266 5,599 2,333 7,932 2,334 4,667 2020 £ 10,720 - 1,800 |
||
| 601 | 800 | ||||
| 601 - |
800 - |
||||
| 601 | 800 | ||||
| - | - | ||||
| - | - | ||||
| 2021 £ 846 8,980 7,500 17,326 2021 £ 737 - 1,500 2,237 |
|||||
| 12,520 | |||||
| 2020 £ 487 50 2,541 |
|||||
| 3,078 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
12 Funds
| Unrestricted funds General General Funds Restricted funds Staff sponsorship Total funds Unrestricted funds General General Funds Restricted funds Staff sponsorship Total funds |
Balance at 1 January 2021 £ 69,107 - 69,107 Balance at 1 January 2020 £ 85,337 - 85,337 |
Incoming resources £ 33,666 149,677 183,343 Incoming resources £ 25,516 104,412 129,928 |
Resources expended £ (78,015) (148,983) (226,998) Resources expended £ (41,746) (104,412) (146,158) |
Balance at 31 December 2021 £ 24,758 694 |
|---|---|---|---|---|
| 25,452 | ||||
| Balance at 31 December 2020 £ 69,107 - |
||||
| 69,107 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
13 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 2,334 24,661 (2,237) 24,758 Unrestricted funds General £ 4,667 67,518 (3,078) 69,107 |
Restricted funds £ - 694 - 694 Restricted funds £ - - - - |
Total funds at 31 December 2021 £ 2,334 25,355 (2,237) |
|---|---|---|---|
| 25,452 | |||
| Total funds at 31 December 2020 £ 4,667 67,518 (3,078) |
|||
| 69,107 |
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