THE PEOPLE SHOW LIMITED
REPORT AND FINANCIAL STATEMENTS
31st March 2024
COMPANY REGISTRATION NUMBER: 2211267 CHARITY REGISTRATION NUMBER 298502
Frank S Lachman 31 Fairview Way Edgware Middlesex HA8 8JE
YEAR ENDED 31ST MARCH 2024
LEGAL AND ADMINISTRATIVE INFORMATION
DIRECTORS & TRUSTEES:
Gill Lloyd Chair Jon Catty Resigned 28th November 2023 Jessica Littlemore Pete Staves Roxana Silbert Patrick Holzen Appointed 12th November 2024 SECRETARY: Gareth Brierley REGISTERED OFFICE: Pophub Leicester Square 41 Whitcomb Street London WC2H 7DT INDEPENDENT EXAMINER Frank S Lachman 31 Fairview Way Edgware Middlrsex HA8 8JE CHARITY REGISTRATION NUMBER: 298502 COMPANY REGISTRATION NUMBER: 2211267
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THE PEOPLE SHOW LIMITED
The Directors/Trustees present their report, together with the financial statements for the year ended 31st March 2024.
1. REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: 298502 Company Number: 2211267 Principal Office: Pophub Leicester Square, 41 Whitcomb Street, London WC2H 7DT
Trustees And Directors
The Directors of the Charitable Company are its Trustees for the purpose of Charity law, and throughout this report are collectively referred to as the Trustees.
The Trustees who served during the year, and since the year end, unless indicated, were:
Gill Lloyd Chair Jon Catty Resigned 28th November 2023 Jessica Littlemore Pete Staves Roxana Silbert Patrick Holzen Appointed 12th November 2024
Secretary: Gareth Brierley
Independent Examiner: Frank S. Lachman, 31 Fairview Way, Edgware, Middlesex HA8 8JE
Bankers: CAF Bank 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME194JQ
2. STRUCTURE, GOVERNANCE AND MANAGEMENT Governance
The Company is governed by its Memorandum and Articles of Association. The Company is limited by guarantee and has no share capital. The guarantees of individual members are limited to £1. The Company is a registered charity.
The Trustees are responsible for the Charitable Company's overall management and control.
The Core Group of 5 artists - Gareth Brierley, Sadie Cook, Fiona Creese, George Khan and Mark Long '- handle matters of artistic performance and strategy, and 3 of the artists are also Company Producers, responsible for the day to day running of the Company and operational matters including finance; in this way People Show Ltd is an artist-led charitable company. Financial matters are monitored by the Finance Committee, formed of 3 Trustees who meet in between Board meetings.
The Board meets regularly, usually at least four times a year.
Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the results of the company for that year.
The directors/trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE PEOPLE SHOW LIMITED
In preparing those financial statements, the directors/trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Public benefit
The Trustees confirm that in compiling this report they have had due regard to the guidance on public benefit issued by the Charity Commission in compliance with the duty set out in section 4 of the Charities Act 2006.
Appointment Of Trustees
New Trustees are elected to the Board by existing members, after recommendation and discussion at Board meetings.
Trustees Induction And Training
New Trustees meet with at least one member of the Board before being appointed and receive the latest Annual Report and Accounts and all relevant information related to the Company. No formal training is deemed necessary.
Related Parties
The Company has no subsidiaries, but has a close relationship with People Show Properties Limited; all of the Directors of this Company are Trustees of The People Show Limited.
Risk Management
During the year, the Trustees have considered the major risks to which the Company may be exposed and have implemented systems to manage these risks.
3. OBJECTIVES AND ACTIVITIES
“ Theatre is the unifying art form. It is the magpie of all the arts and so it is meant to be. The visual arts, music, song, dance, circus, prose and poetry are all contributors, that is its magic. None of these forms should be denied.”
People Show is unique as an experimental theatre company. Cited as being one of the first companies in the UK to work with a devising methodology, and to create site specific performances. Therefore the company ’ s work remains of particular interest to students, lecturers, practitioners and aficionados of contemporary performance practice alike.
Since its creation in 1966 when the group first performed in a Charing Cross Road bookshop basement, through to today operating remotely, People Show continues to challenge everything you thought you knew about theatre.
From its inception, People Show has been committed to diversity and aims to promote equal treatment for all sections of the community, irrespective of sex, gender, race, colour, class, ethnic origin, religious beliefs, sexual orientation, age, marital status or disability. The company has always brought together theatre makers from diverse social, cultural and ethnic backgrounds, and has created a viable working equal opportunities policy document to formalise our commitment to diversity.
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THE PEOPLE SHOW LIMITED
A. CREATIVE TEAM
The company has been focusing on both strengthening and expanding the artistic programme and profile through collaborations with educational organisations and with independent performance venues.
In May 2023 the company worked on their penultimate collaboration with the University of Roehampton’s Drama department. PS144: HOME took place in Mount Clare House, a Georgian manor that is situated in the middle of the 1960s Alton Estate.
Gareth and Fiona also taught at Middlesex University and University of Bedfordshire over March - April 2023, aiding third year students with their final performances and working with film students respectively.
June 2023 saw the first R&D for a new live show. This became PS145: The Diviners . It premiered in October 2023 at the Golden Goose Theatre in London for a 3 week run. Touring is planned for 24/25.
Also in June we held a FILM NIGHT, which took place at the Cinema Museum. Audiences were invited to watch our two short film The Jossers and 138: LAST DAY. After this 138: LAST DAY launched online.
In March 2024 People Show 146: Back in Ten premiered in Australia, with performances at Hollingworth Street Theatre and Newcastle Fringe. This show was devised and performed by People Show founder member Mark Long and longtime collaborator Emil Wolk .
Throughout the year we have been applying for multiple commissions.
The Company is still actively involved in increasing its online profile.
The Company has been focusing on achieving funded commissions and boosting our educational work. Although our work with University of Roehampton is coming to an end due to the closure of the course, we have strengthened our relationship with Middlesex University, with Gareth and Fiona teaching there annually. We are also hoping to strengthen our relationship with Central School of Speech and Drama where we ran sessions in 2022.
Also this year we launched two new live shows to great success from audiences and press. This work took place in the UK and Australia.
The Company is an artist-led practice with the core group of five artists directly in charge of the creation, delivery and management of the artistic programme.
The core group of artists are: Gareth Brierley, Sadie Cook, Fiona Creese, George Khan and Mark Long.
B EDUCATION AND OUTREACH
This year saw the delivery of a successful project with the University of Roehampton, a strengthened connection with Middlesex University and some work with the University of Bedfordshire.
C ARTISTIC PROGRAMME PLANS
Programme for 2024/2025 (this is subject to change):
MAY: The final project with University of Roehampton
AUG: Making of the short film PS148: SNEEZE to be sent to film festivals in November
SEP - NOV: PS145: The Diviners tour. Gareth and Fiona work at Middlesex University.
OCT - First day’s work on the audio project Memory Lane with George and Sadie.
MAY/JUNE 2025: The 2nd Tour for PS145: The Diviners.
OTHER: There are some other projects that are planned in 2024/2025. Including placing the audio book version of the company book online, further short films Memory Lane and a project in a Wandsworth shopping centre as part of Wandsworth Borough of Culture.
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THE PEOPLE SHOW LIMITED
4. ACHIEVEMENTS AND PERFORMANCE
People Show Highlights: 2023-2024
-
Continuation of relationships with key education partners by providing workshops and establishing new contacts
-
with universities and theatres.
-
We launched our short film 138: LAST DAY online.
-
Our first live show (bar community and education projects) since 2020.
-
We produced one show internationally in Australia.
5. FINANCIAL REVIEW
The detailed figures are contained in the Financial Statements. The movement in reserves is shown in Note 11 of the Accounts. The amount of unrestricted reserves held at 31st March 2024 is £280,217 see note 11 for breakdown.
Reserves Policy
The level of reserves is constantly monitored. It is the intention to maintain these reserves at a minimum of 3 months' core operating costs.
The directors confirm that the company is solvent and that a going concern basis is appropriate for these accounts. The directors have concidered the next 12 months from the date of this report in forming this opinion.
Investment Powers and Policy
Under the Memorandum and Articles of Association, the Charitable Company has the power to invest in any way the Trustees feel appropriate. All funds regarded as surplus to current trading requirements are invested in High Interest Deposit Accounts.
6. PLANS FOR FUTURE PERIODS
The directors are confident that the charity is solvent and that it will be able to remain so for at least the next twelve months.
7. DIRECTORS’ RESPONSIBILITITES
Company Law, which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the results of the company for that period. In preparing those financial statements, the directors/trustees are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors/trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the preventionand detection of fraud and other irregularities.
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THE PEOPLE SHOW LIMITED e wrth company law, 85 the compan18 directors we cerbfyihat.. 80far as are aware there is no relevant infLallOn ofwhth th8 compan15 ex8rnirers are unaw8r8.' a$the d1r0T5 of the companywe have taken all the steps t we oughtto hav818ken in order to . INDEPENDENT EXAMINER ,rnvJlutwiwll be proposed Bt the Annual Gtrnergl Meeting thai Frank S LhMan Oe app)Inled 85 dependt Y1rT lo the Charitable Company finanraal statements COMtfr the Chantie$Act 2011, the Companie$ Act 2, the Memorandum and ArtKs iaivJn. and Accounting and Reportirhg by Chanls" Statement of Recommended Practice applicabb chantie¥ x8paTr9 th[ aw)unts In &Gordanwrth the Financial Reportlng Standard Epplicable in tho UK and Repubfr of Ireknd FRS 1021 leffectNe 1 January 20221 reportvjas approved bylhe Board on knj 8vjTd Dn rt5 behaw by Gill Lloyd - Director
THE PEOPLE SHOW LIMITED
INDEPENDENT EXAMINERS' REPORT ON THE ACCOUNTS
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2024 which are set out on pages 8 to 14 .
Responsibilities 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 report
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
(2) the accounts do not accord with those accounting 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.
Frank S Lachman Chartered Accountant Independent Examiner
31 Fairview Way Edgware Middlesex HA8 8JE
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THE PEOPLE SHOW LIMITED
Statement of Financial Activities (incorporating an Income and Expenditure Account) For the Year Ended 31st March 2024
| Notes Income Legacies and donations 2 Charitable activities 3 Total income Expenditure 5 Charitable Activity Costs Total expenditure Net income Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Total Total Funds Funds Income Capital General 2024 Income Capital General 2023 - - 150,020 150,020 - - 150,000 150,000 - - 7,484 7,484 - - 5,259 5,259 Restricted Funds Restricted Funds |
|---|---|
| - - 157,504 157,504 - - 155,259 155,259 |
|
| - - 149,630 149,630 - - 78,646 78,646 |
|
| - - 149,630 149,630 - - 78,646 78,646 |
|
| - - 7,874 7,874 - - 76,613 76,613 - - 272,343 272,343 - - 195,730 195,730 |
|
| - - 280,217 280,217 - - 272,343 272,343 |
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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THE PEO 2023 gai•nc• Sheet at31stM•r¢h 2024 2024 Not Flxed •61dty Tsngibie 8$8ets Cvnent¥s#ets 243.538 45,482 289.000 271,673 7,812 279,48S G8$h 8t bank 8nd in h•Trl Totsl ¢yrr•rt •850ts Cr•dllUS wlthln on¢ yur 280,217 272,343 280.217 Totsl 8s$0ts The fvnds ofthe chaiyty 280,217 272.343 hic¢&J Funds 272.343 Totsl charity fund5 10 280,217 The notes on pages 10 to 14 fofm part of these a¢counts. (al Forthe )w ended 31 March 2024 the company was entitled to exemption under sectitsn 477(21 of the (bl No rnernbe have requird tbe company to obtain an audrt of accounts for the year in question sn acwdmwith sedKffi 476 of the Compans Act 2006. ,.Icl The director5 their re$w)sibilrtyfor. i. ensurlng the company keeps accounting record5 whh comply with 68ctK)n 386.. and ii. preparing accounts ¥vhich give a true and fair view of th$ stale of affair5 Of the wmpany as al th¥ 8nd of * finanual year and of rts profrt an¢J k)ss for th8 financial year in accordance wrth the seCtn 393. and whh (therwise Gcxnpty wth the requir¢t6 of the Cornpani8s Act ielating to accounts. so far as applicable 10 the, company. Idl The arts)unts have been prepared In a(dance wrth the 8pecial piovisions in Part 15 of the C¢ynpanas P 20tE applb* to c(xnpanies 6ubiect to the $Tnall companies reoirne, and constitute the annual accounts required by the Companies Act 20C6 and are for ClfcuLqtion lo members ol the Company. and lign on their behott by Approved by the directm on Glll Lloyd - DIrr Page 9
THE PEOPLE SHOW LIMITED
Notes to the Financial Statements For the Year Ended 31st March 2024
1 Accounting Polices
(a) 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 2022) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The People Show Limited 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 note(s).
(b) Tangible Fixed Assets
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment Straight Line over 5 Years Computer Equipment Straight Line over 3 Years
(c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants has been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
(d) Expenditure
All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.
Costs are allocated to a category either because such costs are directly incurred in relation to such category, or because they are support costs in respect of which an apportionment has been made between the categories.
Support costs consist of infrastructure costs for salaries, premises, office administration. Such costs are apportioned on a reasonable and consistent basis to the various categories with a view to determining, as accurately as possible, the total resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given activity, or an estimate of the proportion of costs associated with the same, or a combination of both.
Direct and Support costs are separately shown by natural classification in Note 5 to these accounts for each category of cost.
(e) Taxation
The company as a registered charity ( number 298502 ) is exempt from taxation on most investment income insofar as it is applied for charitable purposes. The company is also exempt from taxation on capital gains.
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THE PEOPLE SHOW LIMITED
Notes to the Financial Statements For the Year Ended 31st March 2024
(f) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(g) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Grants and donations
| Restricted Unrestricted Restricted Unrestricted Funds Funds 2024 Funds Funds 2023 Grants for General Running and Production Costs - 150,000 150,000 - 150,000 150,000 Donations - Sundry - 20 20 - - - - 150,020 150,020 - 150,000 150,000 3 Charitable income Restricted Unrestricted Restricted Unrestricted Funds Funds 2024 Funds Funds 2023 Grants and donations - - - - - - - - - - - - Performance Fees - 558 558 - 140 140 Education Income - 6,750 6,750 - 4,900 4,900 Other Hires and Income - 176 176 - 219 219 - 7,484 7,484 - 5,259 5,259 4 Net income 2024 2023 Net income is stated after charging: Examiners fee 2,850 2,850 Depreciation of tangible assets - 296 |
Restricted Unrestricted Restricted Unrestricted Funds Funds 2024 Funds Funds 2023 - 150,000 150,000 - 150,000 150,000 - 20 20 - - - |
Restricted Unrestricted Restricted Unrestricted Funds Funds 2024 Funds Funds 2023 - 150,000 150,000 - 150,000 150,000 - 20 20 - - - |
|---|---|---|
| - 150,020 150,020 - 150,000 150,000 |
||
| Restricted Unrestricted Restricted Unrestricted Funds Funds 2024 Funds Funds 2023 - - - - - - |
||
| - - - 558 - 6,750 - 176 |
- - - - 558 - 140 140 6,750 - 4,900 4,900 176 - 219 219 |
|
| - 7,484 |
7,484 - 5,259 5,259 |
|
| 2024 2023 2,850 2,850 - 296 |
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THE PEOPLE SHOW LIMITED
Notes to the Financial Statements For the Year Ended 31st March 2024
5 Charitable activity costs
| Direct costs Artist costs Artistic creation fees Production costs Marketing and publicity Accountancy and bookkeeping Support costs Company stipend fees Company producing fees Training Premises costs Office costs Bank charges Depreciation Total 2024 Direct costs Artist costs Artistic creation fees Production costs Marketing and publicity Accountancy and bookkeeping Support costs Company stipend fees Company producing fees Training Premises costs Office costs Bank charges Depreciation Total 2023 |
Charitable Activity Costs Charitable Activity Costs Support and Governance Costs Total 2024 Restricted Unrestricted - 10,102 - 10,102 - 43,894 - 43,894 - 19,455 - 19,455 - 5,751 - 5,751 - 1,615 2,850 4,465 - 16,250 - 16,250 - 34,978 - 34,978 - 50 - 50 - 12,158 - 12,158 - 2,453 - 2,453 - - 74 74 - - - - |
|---|---|
| - 146,706 2,924 149,630 |
|
| Charitable Activity Costs Charitable Activity Costs Support and Governance Costs Total 2023 Restricted Unrestricted - - - - - 5,705 - 5,705 - 1,405 - 1,405 - 307 - 307 - 1,548 2,850 4,398 - 24,000 - 24,000 - 31,729 - 31,729 - 160 - 160 - 9,071 - 9,071 - 1,495 - 1,495 - - 80 80 - 296 - 296 |
|
| - 75,716 2,930 78,646 |
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THE PEOPLE SHOW LIMITED
Notes to the Financial Statements For the Year Ended 31st March 2024
6 Employees
The company had no employees in the year nor in the previous year.
7 Tangible fixed assets
| Cost At 1st April 2023 Additions At 31st March 2024 Depreciation At 1st April 2023 Charge for the year At 31st March 2024 Net book value At 31st March 2024 At 31st March 2023 8 Debtors Other debtors and prepayments Grants receivable (from People Show Properties Ltd) Trade debtors 9 Creditors due within one year Trade creditors Other taxes Accruals |
Fixtures fittings & equipment 6,741 - 6,741 6,741 - 6,741 - - 2024 9,836 231,433 2,269 243,538 2024 2,561 (1,378) 7,600 8,783 |
Total 6,741 - |
|---|---|---|
| 6,741 | ||
| 6,741 - |
||
| 6,741 | ||
| - | ||
| - | ||
| 2023 10,000 261,433 240 |
||
| 271,673 | ||
| 2023 131 (589) 7,600 |
||
| 7,142 |
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THE PEOPLE SHOW LIMITED
Notes to the Financial Statements For the Year Ended 31st March 2024
10 Reconciliation of Movement in Funds
| Unrestricted Funds - General |
Balance at 1 April 2023 Income Expense Transfers Balance at 31 March 2024 272,343 157,504 (149,630) - 280,217 |
|---|---|
| 272,343 157,504 (149,630) - 280,217 |
The above funds comprise:
Restricted Capital fund: a fund for the equalisation of future fixed asset depreciation where assets have been purchased with capital grants
General Fund: are moneys which can be used by the Trustees at their discretion for any purpose and which have not been designated by them previously
11 Analysis of Net Assets between Funds
| Unrestricted Funds: General |
Tangible Fixed Assets Net Current Assets Total 2024 Total 2023 - 280,217 280,217 272,343 |
|---|---|
| - 280,217 280,217 272,343 |
12 Trustees
During the year, none of the trustees received any remuneration from the trust and no expenses were reimbursed to any of them nor any paid on their behalf.
13 Related party transactions
The company received £150,000 (2023: £150,000) grant from People Show Properties Limited.
The following directors were also directors of People Show Properties Limited:
Gill Lloyd, Pete Staves, Jon Catty, Jessica Littlemor, Roxana Silbert and Patrick Holzen.
Apart from the above there were no other related transactions.
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