Charity Registration No. 1176975 CIO Registration No. CE013128
## POOLE CHRISTIAN FELLOWSHIP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## POOLE CHRISTIAN FELLOWSHIP
## LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Dr S J Harris Mr B Lamb Mr A Upton (Appointed 8 October 2023) Charity number 1176975 CIO registration number CE013128 Principal address Lagland Street Poole Dorset BH15 1QD Independent examiner Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## POOLE CHRISTIAN FELLOWSHIP
## CONTENTS
||Page|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 14|
## POOLE CHRISTIAN FELLOWSHIP
## TRUSTEES' REPORT
## FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)".
## Objectives and activities
The principle objectives of the trust continue to be the advancement of the Christian faith and the relief of poverty. The activities outlined below were carried out in pursuit of these objectives.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
The church continued its programme of Sunday morning services, seeing, from April to December, an increase in regular weekly attendance of people of all ages. Other more informal meetings were held throughout the week, using our church building in central Poole and other venues, including members' homes.
Teaching from Sunday services was made available online for those unable to join in person, or those outside the
church’s known community.
At Easter Poole Christian Fellowship held a joint Good Friday service with another local church, Vine Church Poole, and the leaders of both churches began to consider the possibility of working together collaboratively, and church members were consulted for their views on this
A Carol Service was held in December with a focus of inviting people outside the membership of the church and being accessible to as many people as possible. Over 20% of those attending were from the wider community.
In January 2024, PCF and Vine Church began holding joint meetings to explore the possibility of a more
permanent partnership.
The church continued to be active in taking the Christian message to the community through encouraging its
partners to engage with the local community.
A new community initiative was started and led by two members of staff. Kintsugi Hope is a mental wellbeing course that is accessible to those of any faith, or none. The twelve week course was run either side of Christmas and was open to and attended by those in the church and the wider community of Poole. Future courses are planned for the coming year.
At Easter and Christmas we were invited into a local care home, to take services, and provide refreshments for
residents.
A varied programme of teaching, events and activities for under-18s was organised by the church’s Children, Youth and Families’ Worker. Groups were run, on Sunday mornings and at other times of the week, attended by those from within the church and from the wider community. In the summer and new year there were opportunities for the secondary age children to attend camps. Where finance was an issue, the church was able to support with this, thanks to a new fund, which had been set up to assist with specific financial needs. The fund is accessible, by referral to those within and outside of the church, and several grants were awarded in the course of the year.
## Support of Mission
The church continued to support a number of local and international Christian endeavours both financially and in prayer, including an organisation in Uganda providing education and practical support to some of the most needy in the locality. Additionally a public concert was staged in March by a local band, and this raised over £1,000 for this organisation.
10% of general income is allocated to support missions.
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## POOLE CHRISTIAN FELLOWSHIP
## TRUSTEES' REPORT (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2024
## Public Benefit
The building was again made available to various local groups, including other churches and a local running group. The church seeks to serve the local community in a variety of ways, principally through support with mental wellbeing and clubs for children and young people.
Poole Town Pastors use the building as their base each Saturday as they go out into the town to support in various ways any people who may be lonely, or in need, signposting them to other agencies where appropriate.
## Achievements and performance
The income of the charity, arising mainly from voluntary giving by the church partners amounted to £157,121 (2023: £124,046).
## Financial review
The charity made a surplus in the period of £9,260 (2023: £2,712 deficit). At the period end, unrestricted reserves (including designated funds) totalled £135,873 and restricted reserves totalled £30,874.
The Financial Controls Policy was finalised in October 2021. This states that 3 months of running costs should be held in reserve.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## Structure, governance and management
The charity is governed in accordance with its trust deed, dated 5 February 2018. The charity is a Charitable Incorporated Organisation (CIO), registered number CE013128. New trustees may be appointed by a simple majority of existing trustees. The trustees continued during the year to delegate the spiritual oversight of the church to the elders Mr Gerrard Jones, Dr Samuel Harris, Mr Benjamin Lamb and Mr Andrew Upton.
Mr G A Jones (Resigned 24 July 2024) Dr S J Harris Mr B Lamb Mr C Stuart (Resigned 21 May 2024) Mr A Upton (Appointed 8 October 2023)
The trustees' report was approved by the Board of Trustees.
## Mr B Lamb
Trustee Dated: 9 December 2024
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## POOLE CHRISTIAN FELLOWSHIP
## INDEPENDENT EXAMINER'S REPORT
## TO THE TRUSTEES OF POOLE CHRISTIAN FELLOWSHIP
I report to the trustees on my examination of the financial statements of Poole Christian Fellowship (the charity) for the year ended 31 March 2024.
## Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
## Harrisons Chartered Accountants
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
Dated: 9 December 2024
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## POOLE CHRISTIAN FELLOWSHIP
## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
## FOR THE YEAR ENDED 31 MARCH 2024
|||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds||funds||
||||2024|2024|2024|2023||2023|2023|
|||Notes|£|£|£|£||£|£|
|Income and endowments from:||||||||||
|Donations and legacies||3|151,864|1,325|153,189|112,615||8,579|121,194|
|Investments||4|182|-|182|127||-|127|
|Other income||5|3,750|-|3,750|2,725||-|2,725|
|||||||||||
|Total income|||155,796|1,325|157,121|115,467||8,579|124,046|
|||||||||||
|Expenditure on:||||||||||
|Charitable activities||6|145,961|1,900|147,861|110,581||16,177|126,758|
|||||||||||
|Net incoming/||||||||||
|(outgoing) resources||||||||||
|before transfers|||9,835|(575)|9,260|4,886||(7,598)|(2,712)|
|Net incoming/||||||||||
|(outgoing) resources||||||||||
|before transfers|||9,835|(575)|9,260|4,886||(7,598)|(2,712)|
|Transfers|||(575)|575|-|(7,482)||7,482|-|
|||||||||||
|Net income/(expenditure) for||||||||||
|the year/||||||||||
|Net movement in funds|||9,260|-|9,260|(2,596)||(116)|(2,712)|
|Fund balances at 1 April||||||||||
|2023|||126,613|30,874|157,487|129,209||30,990|160,199|
|||||||||||
|Fund balances at 31||||||||||
|March 2024|||135,873|30,874|166,747|126,613||30,874|157,487|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## POOLE CHRISTIAN FELLOWSHIP
## BALANCE SHEET
## AS AT 31 MARCH 2024
|||2024||2023||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixed assets||||||
|Tangible assets|12||72,367||72,440|
|Current assets||||||
|Debtors|13|8,405||9,935||
|Cash at bank and in hand||94,987||79,316||
|||||||
|||103,392||89,251||
|Creditors: amounts falling due within|14|||||
|one year||9,012||4,204||
|||||||
|Net current assets|||94,380||85,047|
|||||||
|Total assets less current liabilities|||166,747||157,487|
|The funds of the charity||||||
|Restricted income funds|16||30,874||30,874|
|Unrestricted funds|||135,873||126,613|
|||||||
||||166,747||157,487|
The financial statements were approved by the trustees on 9 December 2024
Mr B Lamb Trustee
Mr A Upton Trustee
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## 1 Accounting policies
## Charity information
Poole Christian Fellowship is a charitable incorporated organisation registered in England and Wales.
## 1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## 1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## 1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## 1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## 1 Accounting policies
## (Continued)
## 1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## 1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property not depreciated Equipment 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- 1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## 1.8 Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## 1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## 1.10 Disclosure exemptions
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying small charity exemptions.
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## 2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## 3 Income from donations and legacies
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2024|2024|2024|2023|2023|2023|
||£|£|£|£|£|£|
|Donations and gifts|151,864|1,325|153,189|112,615|8,579|121,194|
## 4 Income from investments
|||Unrestricted|Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|
||||funds||funds|
||||2024||2023|
||||£||£|
||Interest receivable||182||127|
|5|Other income|||||
|||Unrestricted||Unrestricted||
||||funds||funds|
||||2024||2023|
||||£||£|
||Rental income||3,750||2,725|
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2024
## 6 Charitable activities
|||Church||Church|
|---|---|---|---|---|
||Activities||Activities||
|||2024||2023|
|||£||£|
|Charitable activities expenses||142,823||123,696|
|Grant funding of activities (see note 7)||3,022||-|
|Share of governance costs (see note 8)||2,016||3,062|
||||||
|||147,861||126,758|
|Analysis by fund|||||
|Unrestricted funds||145,961||110,581|
|Restricted funds||1,900||16,177|
||||||
|||147,861||126,758|
## 7 Grants payable
||||2024|
|---|---|---|---|
||||£|
|Grants to individuals|||3,022|
|Support costs allocated to activities||||
||2024||2023|
||£||£|
|Governance costs|2,016||3,062|
|Analysed between:||||
|Accountancy and legal|2,016||3,062|
## 8 Support costs allocated to activities
## 9 Trustees
During the year trustees and their families were reimbursed expenses totalling £782 (2023: £144) in respect of accommodation and ministry expenses.
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2024
## 10 Employees
|||||2024||2023|
|---|---|---|---|---|---|---|
|||Number||||Number|
|The average monthly number of employees during the year was:||||3||4|
|Employment costs||||2024||2023|
|||||£||£|
|Wages and salaries|||94,757|||77,560|
|Social security costs||||4,311||1,453|
|Other pension costs||||5,850||4,429|
||||||||
||||104,918|||83,442|
|There were no employees whose annual remuneration was more than £60,000.|||||||
|Taxation|||||||
|The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.|||||||
|Tangible fixed assets|||||||
||Freehold||Equipment|||Total|
||property||||||
||£||||£|£|
|Cost|||||||
|At 1 April 2023|70,387|||5,937||76,324|
|Additions|-|||588||588|
||||||||
|At 31 March 2024|70,387|||6,525||76,912|
||||||||
|Depreciation and impairment|||||||
|At 1 April 2023|-|||3,884||3,884|
|Depreciation charged in the year|-|||661||661|
||||||||
|At 31 March 2024|-|||4,545||4,545|
||||||||
|Carrying amount|||||||
|At 31 March 2024|70,387|||1,980||72,367|
|At 31 March 2023|70,387|||2,053||72,440|
## 11 Taxation
## 12 Tangible fixed assets
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2024
## 13 Debtors
|13|Debtors||||
|---|---|---|---|---|
|||2024||2023|
||Amounts falling due within one year:|£||£|
||Other debtors|7,538||8,662|
||Prepayments and accrued income|867||1,273|
||||||
|||8,405||9,935|
|14|Creditors: amounts falling due within one year||||
|||2024||2023|
|||£||£|
||Accruals and deferred income|9,012||4,204|
## 15 Retirement benefit schemes
## Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £5,850 (2023 - £4,429).
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## 16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|||||Movement in funds|Movement in funds|Movement in funds|Movement in funds|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Balance at||Incoming||
Resources||
Transfers|||Balance at||
||1 April 2023||resources||expended|||||31 March||
||||||||||||2024|
|||£||£||£||£|||£|
|Building Fund||30,844||-||-||-|||30,844|
|CAP Fund||-||325||(900)||575|||-|
|Weekend away Fund||30||-||-||-|||30|
|Conduit Fund||-||1,000||(1,000)||-|||-|
|||||||||||||
|||30,874||1,325||(1,900)||575|||30,874|
|||||Movement in funds||||||||
||Balance at||Incoming||
Resources||
Transfers|||Balance at||
||1 April 2022||resources||expended|||||1 April 2023||
|||£||£||£||£|||£|
|Building Fund||30,844||-||-||-|||30,844|
|CAP Fund||-||8,109|(15,600)|||7,491|||-|
|Acts435||116||470||(577)||(9)|||-|
|Weekend away Fund||30||-||-||-|||30|
|||||||||||||
|||30,990||(8,579)
(16,177)||||(7,482)|||30,874|
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## 17 Designated funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||||||Movement in funds|Movement in funds|Movement in funds||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming|
Resources|
Transfers|||Balance at|
|||||1 April 2023|resources|expended|||31|March 2024|
|||||£|£|£||£||£|
||Generosity Fund|||6,913|14,845|(7,824)||(575)||13,359|
||Rose Fund|||2,509|4,396|(2,022)||-||4,883|
||||||||||||
|||||9,422|19,241|(9,846)||(575)||18,242|
||||||Movement in funds||||||
|||||Balance at|Incoming|
Resources|
Transfers|||Balance at|
|||||1 April 2022|resources|expended||||1 April 2023|
|||||£|£|£||£||£|
||Generosity Fund|||13,052|10,929|(9,577)||(7,491)||6,913|
||Rose Fund|||2,500|-|-||9||2,509|
||||||||||||
|||||15,552|10,929|9,577||(7,482)||9,422|
|18|Analysis of net assets between funds||||||||||
||Unrestricted|||
Restricted|Total|Unrestricted|Restricted|||Total|
|||funds||funds||funds||funds|||
|||2024||2024|2024|2023||2023||2023|
||||£|£|£|£||£||£|
||Fund balances are represented by:||||||||||
||Tangible assets|41,523||30,844|72,367|41,596||30,844||72,440|
||Current assets/(liabilities)|94,350||30|94,380|85,017||30||85,047|
||||||||||||
|||135,873||30,874|166,747|126,613||30,874||157,487|
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## POOLE CHRISTIAN FELLOWSHIP
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## 19 Related party transactions
## Remuneration of key management personnel
The remuneration of key management personnel, which includes remuneration paid to trustee Mr A Upton during the year for his services as church minister, previously this was paid to Mr G A Jones, is as follows.
||2024|2023|
|---|---|---|
||£|£|
|Aggregate compensation|49,225|20,223|
During the year aggregate donations received from trustees without conditions was £23,370 (2023: £18,220).
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