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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 07218377 (England and Wales) REGISTERED CHARITY NUMBER: 1175505

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023 CHRISTIAN GROWTH CENTRE, BASILDON

CHRISTIAN GROWTH CENTRE, BASILDON

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

Page
Report of the Trustees 3
Statement of Financial 10
ActivitiesBalance Sheet 11
Notes to the Financial 13
Statements -

CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our Charity’s purposes as set out in the objects contained in the company's Memorandum and Articles of Association are:

Grant making

Currently, CGC Basildon does not give grants by application. However, gifts may be given to other charitable organizations to help to achieve CGC Basildon’s charitable objects and mission statement. Gifts are given at the discretion of the Trustees on recommendations submitted by the Senior Pastor(s).

Volunteers

CGC Basildon recognizes that the work of volunteers contributes significantly to the activities and success of CGC Basildon on every level. From the Trustees through to the welcome team, there are volunteers working passionately and tirelessly, giving time and skills to further the work of the Charity and helping it to achieve its objectives

CGC Basildon is committed to involving volunteers directly within the organization to:

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

OBJECTIVES AND ACTIVITIES

Ensuring that our work delivers our aims

We review our aims, objectives, and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees/Directors consider how planned activities will contribute to the aims and objectives they have set.

The review also helps us to ensure that our aim, objectives, and activities remained focused on the

charity’s objectives.

The Focus of our work

Our main objectives for the year ending 31st March 2023 continued to be:

Our core purpose is to benefit the residents of Basildon and surrounding areas by offering our Centre as a community hub for relationships and cohesion.

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Project 58:7 – CGC continues to host a homeless community feeding programme on Tuesdays Working alongside an initiative of Churches Together Basildon, our charity continued to offer hot meals to the homeless community every Tuesday evening at 6:30pm to 7:30pm, The average attendance for these meals ranges from 16 to 25 individuals and again our centre continues to receive positive reviews from our service users. Community Outreach – We continue to share our faith through conversation with our local community and inviting interested parties to our regular meetings on Sundays that run from 10:30am to 12pm and have seen a regular attendance of between 45 – 70 parishioners and visitors weekly. We also run weekly small group meetings, a regular prayer meeting and a children’s church service.

TRUSTEES - The trustees remained the same in this period.

FINANCIAL REVIEW

Net assets fell from £9,239 - (2022) to £3,057 in 2023. This was due to the difficult fundraising environment. Despite the fall in net assets, the trustees believe that the charity is sustainable for the next 12 months.

Investment policy and objectives

Currently, the charity do not have any investment funds.

Reserves policy

The Trustees have considered the level of reserves they wish to retain appropriate to the charity's needs. This is based on the charity's size and the level of commitment held. The Trustees aim to ensure the charity will be able to continue to fulfil their charitable objectives even if there is a temporary shortfall in income. The Trustees will endeavour to not 'sit' in on funds unnecessarily.

FINANCIAL POSITION UPDATE

The Statement of Financial Activities for the period to 31[st. ] March 2023 shows a gross income of £45,353 (2022 - £49,206)) and a net expenditure of £47,104 (2022 - £53,637 ). Reserves at the year-end amount to £3,057) (2022- £4,808) and are considered adequate to support the ongoing plans of the charity.

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

FUTURE PLANS

Staffing – The Charity is looking to rely on volunteers for the administrator and Pastor roles from January 2023 to reduce the pressure on available funds.

Services – The charity is planning to host bi-weekly services and encourage connect group meetings and involvement in charitable deeds in the other two Sundays of the month.

Trustees – the charity is looking to appoint two new individuals to the role of trustees

STRUCTURE, GOVERNANCE, AND MANAGEMENT

Governing document

The organization is a charitable company limited by guarantee, incorporated on 09th April 2010. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £100.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees and are known as Trustees in the company’s Articles. Under the requirements of the Memorandum and Articles of Association, new trustees are elected by the board and are not subject to retirement by rotation. The office of a trustee continues until retirement or removal in accordance with the articles.

There are at least three trustees in post at any one time and it is a priority that we have a range of skills available to manage the diversity of CGC Basildon religious and community work. Currently we have a range of skills on the team including business and financial management, life coaching and pastoral care.

As trustees retire from the board, CGC Basildon seeks to find new members to replace the skills lost. Because of the nature of our work and requirement for trustees to sign up to the Statement of Faith (as laid out in the schedule to the articles), trustees may approach suitable persons who already serve in the organization. Board members may also make enquiries about potential suitable candidates by approaching partnering ministries with similar ethos and values.

Through the process of recruitment, new trustees are required to

Organizational structure

In CGC Basildon the Pastor(s) and Board of Trustees play their own parts in the leadership of the church. We currently have a board of three trustees who are responsible and accountable for: Strategic Planning, Finances, Facilities, Pastoral Search, Risk Management and Church Policy

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31st MARCH 2023

The day to day running of the charity is led by the Senior Pastor(s) who have direct oversight and are accountable for: Spiritual Leadership, Visionary Leadership, Directorship of Programs/Ministries Reporting, Ministry Progress, Worship and Personnel Management.

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

STRUCTURE, GOVERNANCE, AND MANAGEMENT

Induction and training of new trustees

To help our trustees succeed in their posts, it is important for them and the charity that there is a clear and transparent application, interview, and induction process to clarify expectations and responsibilities.

In the process of Trustee recruitment and induction, new trustees are:

  1. Issued an induction pack containing (but not limited to);

  2. Charity commission Publication CC3

  3. Relevant policies such as the Vision and Values Statements

  4. The Statement of Faith

  5. The latest accounts

  6. Last annual report

  7. Recent board meeting minutes

  8. Organizational structure diagram

  9. Asked to attend a trustee meeting as an observer where they can ask further questions.

  10. Offered the opportunity to visit the Church and any of the activities/ projects to meet staff and service users.

To keep up to date with their roles and responsibilities, CGC Basildon Trustees are encouraged to seek out and participate in appropriate courses and events specific to the charity sector

Entitlement of Trustees

CGC Basildon Trustees serve voluntarily and receive no benefits for services provided with the exception of Trustees who serve as Religious Pastors as laid out in the memorandum (section 6). Any expenses reclaimed from the charity are set out in the notes to the accounts.

Wider network

CGC Basildon is part of the CGI network (also known as Skylark International) of churches and members of the Evangelical Alliance who oversight our doctrinal teaching and validate our credibility as a Christian organization.

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07218377 (England and Wales)

Registered Charity number 1175505

Registered office

Time Square Basildon ESSEX SS14 1DJ

Trustees

Anthony Nicholls Ambrose Khumalo

REFERENCE AND ADMINISTRATIVE DETAIL

Company Directors

Anthony Nicholls Ambrose Khumalo

Bankers

Lloyds Bank 10-20 Town Square Basildon SS14 1DU

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Christian Growth Centre, Basildon for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgments and estimates that are reasonable and prudent; 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 which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

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

Approved by order of the board of trustees on 30[th] December 2023 and signed on its behalf by:

………………………. Ambrose Khumalo

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 07218377)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2023

Recommended categories by activity

Income (Note 2)

Income and endowments from:

Donations and legacies Charitable activities Separate material item of income

Other

Total

Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Prior year
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Prior year
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Prior year
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Prior year
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Prior year
2022
£
£
£
£
£
45,353 - - 45,353 49,206
- - - - -
- - - - -
- - - - -
45,353 - - 45,353 49,206

Expenditure (Notes 3)

Expenditure on:

Raising funds Charitable activities Separate material expense item Other

Total

Net income/(expenditure) before tax for the reporting period

Tax payable

Net income/(expenditure) after tax before investment gains/(losses)

Net gains/(losses) on investments

Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses):

Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses)

Net movement in funds

Reconciliation of funds:

Total funds brought forward

Total funds carried forward

- - - - -
47,104 - - 47,104 53,637
- - - - -
47,104 - - 47,104 53,637
(1,751) - - (1,751) (4,431)
- - - - -
(1,751) - - (1,751) (4,431)
- - - - -
(1,751) - - (1,751) (4,431)
- - - -
- - - - -
- - - - -
- - - - -
(1,751) - - (1,751) (4,431)
4,808 - - 4,808 9,239
3,057 - - 3,057 4,808

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CHRISTIAN GROWTH CENTRE, BASILDON

BALANCE SHEET AS AT 31ST MARCH 2023

Fixed assets
Tangible assets (Notes 6)
Total fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year (Notes 7)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Endowment funds
Restricted income funds
Unrestricted funds (Notes 8)
Revaluation reserve
Fair value reserve
Total funds		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total
2023
Total
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total
2023
Total
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total
2023
Total
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total
2023
Total
2022
£
£
£
£
£		 Unrestricte
d funds
Restricted
income
funds
Endowment
funds
Total
2023
Total
2022
£
£
£
£
£
2,117 - - 2,117 2,353
2,117 - - 2,117 2,353
-
1,540		 -
-		 -
-		 -
1,540		 -
3,056
1,540 - - 1,540 3,056
600 - - 600 600
940 - - 940 2,456
3,057 - - 3,057 4,809
- -
-		 -
-		 -
-		 -
-
3,057 - - 3,057 4,809
- - -
- - -
3,057 - 3,057
-		 9,239
3,057 - - 3,057 9,239

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CHRISTIAN GROWTH CENTRE, BASILDON

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small company’s regime.

The financial statements were approved by the Board of Trustees on 30[th] December 2023 and were signed on its behalf by:

……………………… Ambrose Khumalo -Trustee

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CHRISTIAN GROWTH CENTRE, BASILDON (REGISTERED NUMBER: 05496823) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 updated by bulletin 1) '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 2015)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognized in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the yearend date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% Straight Line

Tangible fixed assets are capitalized if they can be used for more than one year, and cost at least £500. They are valued at cost or if gifted, at the value to the charity on receipt.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statement

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CHRISTIAN GROWTH CENTRE, BASILDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going Concern

Each year it’s the Trustees' responsibility to state whether or not the annual accounts have been drawn up on a going concern basis. Going concern is the assumption that an entity, in this case the Charity, has the resources (financial or otherwise) needed to continue operating for the foreseeable future and, in particular, for at least 12 months from the date of approval by the Trustees of these annual accounts. If the going concern principle did not apply, then the accounts would been drawn up on an insolvent basis. Clearly, as part of this year’s going concern review, the Trustees has had to consider the likely impact of fundraising on its ministry. It has concluded that the financial risks to their ministry have increased slightly as a result of the cost of living crisis in the UK. As a result, income from the charity has seen some reduction although members in the church continue to pay their dues, which is the main source of income for the Charity. It is therefore appropriate to prepare the 2023 Accounts on a goingconcern basis and it is not necessary to make any adjustments to these accounts. The Trustees will continue to keep both the short-term and longer-term impact under review

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2. Income

Donations
and
legacies:		 Analysis of income Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Total funds
Prior year
£
£
Donations and gifts 45,353 - - 45,353 40,661
Gift Aid - - - - 8,545
Legacies - - - - -
Other - - - -
Total 45,353 - - 45,353 49,206

3. Expenditure

Expenditure
2023 2022
Activity Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total this
year		 Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total last
year
£ £ £ £ £ £ £ £
Rent 18,815 - - 18,815 22,549 - - 22,549
StaffCost 18,594 - - 18,594 21,427 - - 21,427
Mission 9,694 - - 9,694 9,660 - - 9,660
Total 47,104 - - 47,104 53,636 - - 53,636

4. Trustee Remuneration

The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees, who are also considered to be key management of the charity, during the year.

Trustee
renumeration
Total		 2023
2022
18,393
17,790
18,393
17,790

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31 March 2022.

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CHRISTIAN GROWTH CENTRE, BASILDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022 number of staffs 2 2

No employees received emoluments in excess of £60,000.

Included within wages are amounts paid to third parties of £ NiI (2020 - NIL).

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CHRISTIAN GROWTH CENTRE, BASILDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

6. TANGIBLE FIXED ASSETS

Freehold land &
buildings
Other land &
buildings
Plant, machinery and
motor vehicles
Fixtures, fittings and
equipment
Total
£
£
£
£
£
At the beginning of
the year
- - - 4,302 4,302
Additions
- - - - -
Revaluations
- - - - -
Disposals
- - - - -
Transfers
- - - - -
At end of the year
- - - 4,302 4,302
Basis* SL or RB (Straight
Line or Reducing
Balance)
SL or RB
SL or RB
SL
SL
 Rate
10%
10%
At beginning of the
year
- - - 1,949 1,949
Disposals
- - - - -
Depreciation
- - - 236 236
Impairment
- - - - -
Transfers
- - - - -
At end of the year
- - - 2,185 2,185
Net book value at the
beginning of the year
- - - 2,353 2,353
Net book value at the
end of the year
- - - 2,117 2,117
Net book value
Depreciation and impairments*		 Freehold land &
buildings
£		 Other land &
buildings
£		 Plant, machinery and
motor vehicles
£		 Fixtures, fittings and
equipment
£		 Total
£
- - - 4,302 4,302
- - - - -
- - - - -
- - - - -
- - - - -
- - - 4,302 4,302
SL or RB (Straight
Line or Reducing
Balance)		 SL or RB SL or RB SL SL
10% 10%
- - - 1,949 1,949
- - - - -
- - - 236 236
- - - - -
- - - - -
- - - 2,185 2,185
- - - 2,353 2,353
- - - 2,117 2,117

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CHRISTIAN GROWTH CENTRE, BASILDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

  1. CREDITORS: AMOUNTS FALLING DUE MORETHAN ONE YEAR
Accruals for grants payable
Bank loans and overdrafts
Other creditors
Total		 Amounts falling due
within one year		 Amounts falling due
within one year
2023
£		 2022
£
600 600
- -
- -
600 600

8. FUND MOVEMENT

Fund names Type PE, EE
**R or UR ***
Purpose and Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Unrestricted funds UR N/a 4,808 45,353 -47,104 - - 3,057
- - - - - -
- - - - - -
Other funds (balancing
figure)		 N/a N/a - - - - - -
Total Funds as per balance sheet 4,808 45,353 - 47,104 - - 3,057

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