CHILDREN'S HEARTBEAT
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating the Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrficted
Fund5
Restricted
Funds
Total Funds
2024
Total Funds
2023
Income from: (note 3)
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
454,043
3,765
193
10,594
75,225
529,268
3,765
193
10,594
432,688
2,740
2,595
1,656
Total income
470,927
75,225
546,152
439 679
Expenditure on: (note 4)
Raising fund8
Charitable activities
Other
54,603
390,083
54,6D3
474,117
60,678
439,342
109,687
84,034
Total expenditure
447,038
84,034
531,072
609 707
Net gainsl(losses) on investments
Net ineome/{expeDditure) for the year
51,723
(8,809)
42,914
(170,028)
TrAn5fer5 betiveen funds
(1,329)
1,329
Net movement in funds
50,394
7,480
42,914
170,028
Balan¢es brought fonvard at l April
761,299
18,378
779,677
949.705
Balances carried forward at 31 March
811693
822,591
779 677
The incorlle and expenditure sun]w as Tequired to be disclosed by the Companies Act 2006 is included at note 17.
Pagell

CHILDREN'S HEARTBEAT
(REGISTERED NUMBER: N1609449)
BALANCE SHEET
31 MARCH 2024
31.03.24
31.03.23
Notes
FIXED ASSETS
Intangible a8sets
Tangible assets
Investments
5,413
2,871
432,579
440,863
9,061
6,046
io
15.107
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
13,968
415,894
429,862
13.709
800,385
814,094
CREDITORS
Arnounts f￿litig due within one year
13
48,134
49,524
NET CURRENT ASSETS
381728
764 570
TOTAL ASSETS LESS CURRENT
LTABILITIES
822 591
779,677
FUNDS
Restrictcd ￿ndS
Vnrestrieted funds- General fiinds
Unrestricted fuThiLs- DeSi￿ated fimds
14
14
14
10,898
196,693
615,000
18,378
191,299
570,000
822,591
779,677
The financial statements have been prepared in a¢cordance with the provisions of Part 15 of the Companies A¢t 2006
relating to small companies.
The financial statements were authorised for issue by the Bts￿d of DirectOTS on
signed on its behalf by..
1..31..1..1.12Q24........
and were
Nichola Rooney INDV 13, 2024
5:44 GMT)
Hazel Bradbury (Nov 13, 2024 12..
6 GMT)
Prof N Roc)ney- Chairpergnn
H Bradbury - Treagurer
The notes form part of these financial staternents
Page 12

CHILDREN'S HEARTBEAT
STATEMENT OF CHANGES IN FUNDS
FOR THE YEAR ENDED 31 MARCH 2024
Unre$trieted
funds
Restricted
funds
Total
funds
BAlance at l April 2022
929.190
20,515
949,705
Changes in funds
Deficit for year
TransfeT between funds
(167,891)
(2,137)
{170.028}
Balance at 31 March 2023
761.299
18.378
779.677
Ch2nges fin funds
Surplus for year
Transfer between funds
51,723
1,329
(8.809)
1,329
42,914
Balance at 31 March 2024
811,693
10,898
822 591
The notes form part of thes¢ financial Statements
Page 13

CHILDREN'S HEARTBEAT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Notes
2024
2023
Cash flow5 from operating activities
Net c￿h provided byl(used in) operating activities
CFI
9,660
(164.172)
Cash flows from investing activities:
Dividends and interest received
Purchase of investments
Net Cash (used in)Iprovided by investing activities
10,594
(404,745)
(394,151)
1,656
1,656
Change in cash and cash equivalents in the reporting period
(384,491)
(162.516)
Cash and cash equivalents at the beginning of the reporting
period
800,385
962,901
Cash and cash equivalents at th¢ end of the reporting period
415,894
800.385
CFI. Reconciliation of net income/(expenditure) to net
cash l]ow from operating activitie5
2024
2023
Net incDmel(expellditt￿e) for the reporting period (as per the
staternent of financial activities)
Adjustments for:
Depreciation cb&rges
Amortisation cbarges
Dividcnds and interest received
Unrealised gain on investments
Increase in debtors
Decrease in creditors
Net cash (used in)/provided by operating activittes
42,914
(170.028)
3,175
3,648
{10,594)
(27,834)
(259)
(1,390)
9,660
3,818
3,648
(1.656)
2,862
{2.816)
(164,172)
CF2. Analysis of Cash And cash equivalents
2024
2023
Casb in hand
Total cash and cash equivalents
415,894
415,894
800,385
800.385
Page 14

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NATURE OF TRUST
ChildTen's Heartbeat is a private company limited by guarantee charitable status incorpoTated in Northern
ITeland. The charitable company'5 registered number and registered office address can be found on the Company
Inforrnation page. Every member of the charitsble company undertakes to contribute such arnount as may be
Tequired not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or
she is a member or within one year after he OT she ceases to be a member.
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estin]ation uncertainty in the
preparation of the financial staternents aTe as follows..
Basts of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement ()f Recornmended Practice applicable tn charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)
(Charities SORP (FRS 102)), the Financial Reporting StandaTd applicabl¢ in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charitable eornpany.
Monetary amounts in these financial statements are rounded to the nearest £1.
The charitable company crjnstitutes a public benefit entity as defined by FRS 102. Assets and liabilities are
Tecognised at historical cost or transaction value except foT the revaluation of investment5.
Going concern
The duectors consider that thcre are no material un¢ertainties about the charitable Company's ability lo continue
a5 8 going concern therefore the financial statements have been prepared on the going concern basis.
Fund a¢¢ounting
The ¢harit&ble company has vaTiOUS types of ft]nds for which it is r¢sponsible and which require separate
disclosure. These are as follows..
(i) Restricted fi]nds
Grants or donations rcccivcd which are designated by the donor for specific purposes. Such purposes aTe within
the overall aim of the cbarity.
(i1} Unrestricted funds- General fimds
Funds which are expendabl¢ at the discretion of the charity in the filltherance of the objectives of the charity.
(iiil Unrestricted Fund5 - Designated funds
Funds which have been set aside by the cbarity to act as a contingency to ensure the continuity of Service.
Designated funds continue to count a5 part of the unrestricted ftlnds of the chaTity.
Income
All income has be¢n included in the Statement of Financial Activities and bas been recognised when there is
entitlement to the income, certainty of receipt and it can be measured reliably.
Income froD] government and other grants, whether capital gratLts or revenue ETallts is recognised when the charity
has entttlement to tbe funds. any performance conditions allocated to the grants have been met. it is probable the
inGorn¢ will be Teceived and the amount can be measured reliably and is not defetred.
Investment income is included in the Staternent of Financial Activities when receivable.
Page 15
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
EIpenditure
All expenditure is accounted foT on an accruals basis and has been classified under headings that aggregate a]1
Costs related to the category.
Expenditure on raising ￿ndS are those costs incutted in attractillg voluntary income. and those incU￿ed intrading
activities that raise ￿nds.
Expenditure on charitable activities comprises tbe costs of delivering services to the con)munity. together with
support costs incurred centrally and governance costs associated with the governance arrangements of the charity
which are primarily associated with consts'tutional and statutory requirements.
All costs are allocated between the expenditure categories of the SOFA on a basis desI￿ed to Tefle¢t Ihe use of
the resouTCe.
Intangible assets
Intangible assets are initially measured at cost, After initial recognition, intangible assets are measured at cost
less accumulated amortisation and any accumulated impaimient losses. Cost includes expenditUTe that is directly
attributable tn preparing the asset fc)r its intended use.
Software is amorti5ed on a straight-line basis oveT a usefjjl life of 5 years,
Tangible r￿ed assets
TanEible assets are stated at eost less accumulated depreciation and any accumulated impainnent losses. Cost
include5 expenditure that is dwectly attributable to the acquisition of the assets.
Depreciation is provided at the following annual rates in order to write off each asset over its estitnated use￿] life.
Caravans
12.50/0 on cost
Fixed asset investments
Investtnents are a foTm of basic financial instnjments and are initially recognised at their transaction value and
subsequently measured at their faiT value as at the balance sheet date using the closing quotsd market price. The
staternent of financial activities includes the net gains and losses arising on revaluation and disposals througbout
the year.
The charitable company does not acquire put options, derivatives or other complex financial instnlments.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losse5 on
investments are calculated as the difference between sa]es PToceeds and theiT opeuinE carrying value or their
purchase value if acquired to subsequent to the f]TSt day of the financial year. Unrealised gains and10sses are
calculated as the diffcretLCC between the faiTvalue at the year*nd and their carying value. Realised and unrealised
investment gains and losses are combined in the Statement of Financial Activities.
The Jnaiu forni of financial risk faced by the charitable company is that of volatility in equity markets and
investment markets due to wider econon]ic conditions, the ath.tude of investors to investment risK and the changes
in sentitnent Goncerning equities and within partI￿lar sectOIS OT sub sectors.
Debtors
Sundry debtQTS are reco￿]sed at the settlement aznount due after any trade discount offered. Piepayments are
valued at th¢ amount prepaid of the transaction price. Accrued income is included at the best estimate of the
arnounts receivable at the balance sheet date.
Page 16
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - ¢ontiDued
FOR THE YEAR ENDED 31 MARCH 2024
AccouKfiNG POLICIES (Continued)
Creditors
Creditors and provisions are recognised where the charitable company has a present obligation resulting from a
past event that will Probably result in tbe transfer of ￿ndS to a third paty and the amount due to settle the
obligation can be measured Dr estimated reliably.
Financial Tnstruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as b&g2c financial
instnunents. These are initially recognised at transaction value and subsequently measured at their settlement
value.
Pension costs
The charitable company operates a defined contribution 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.
Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrned at the balance
sheet date and is available to carry forward to future periods. This is rneasured at the undiscounted salary cost of
the fiiture holiday entitlement $0 aCc￿ed at the balance Sheet date.
Operating leases
The charitable company classifies the lease of premises as an operating lease. The title to the premises remains
with the lessor. Rental charge5 are charged to the statement of fmancial activities on a straigbt line basis over the
tern) of the lease.
Taxation
As a charity, the Trnst is not liable to either Income tax or Corporation tax.
Significant judgements and estimate5
In Preparing these financial statements tbe duectors have made the following judgements..
Detern]ine whether there are indicators of impairnlent of the company's tangible assets. Factors taken into
consideration in reaching such a decision include the eCono￿le viability and expected future financial
perforniance of the asset and the business in general.
The directors also Consider the depreciation Tatss on an annual basis to ensure there is sufficient evidence to
support these and that the estimates remain reasonable.
The key source5 of estimation of uncertainty at the reporting date that have a significant risk of causing a material
adjustrnent to the ¢arying amount of assets within the next financial year is the level of invesknent rettun and
perforn]an¢e of the investments.
Page 17
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINATrICIAL STATEMENTS - corAtinued
FOR THE YEAR ENDED 31 MARCH 2024
INCOME
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Donations and legacies
Donations
Give As You Earn
Grants
441,086
5,710
7,247
454,043
441,086
5,710
82,472
529,268
408.867
2,329
21.492
432,688
75,225
75,225
Charitable activities
Caravan fees
Sales of merchaThdise
First aid course fees
3,765
3,765
2.700
40
2,740
Other trading activitie5
Events fees
193
193
2.595
Investrnent income
Dividends - equities
Interest - f￿ed interest securities
Bank interest
2,258
4,827
3,509
10,594
2,258
4,827
3,509
10594
1,656
1,656
Other income
Coalition fees
2,332
2,332
In the prior year. £408.867 of income from donations Telated to UnrestTiCt¢d Funds.
In the prior year, £2,329 of income from give as you earn related to Unrestricted Funds.
In tbe prior year. £18.492 of income from grants related to Restricted Funds.
EXPENDITURE
Unrestricted Restricted Total Funds
Funds
Funds
2024
Total Funds
2023
Raising fund5
Generating donations fees
EveTht costs
Costs of mercbandise
Staff costs
Investment rnanagernent costs
6,024
2,653
1,774
41,813
2,339
54,603
6,024
2,653
1,774
41,813
2,339
54,603
4,184
6,785
1,472
48.237
Charitable activlties
Awareness and infor￿ation
Infonnation resources
Merchatldise and pron]otional materials
Research
Family support
Clark Clinic support
Mental health programrne
Campaigning
Strategic development
Office running costs
Support costs (Note 5)
1,939
5,841
851
22,521
241,172
15,915
1,939
5,841
851
22,521
277,789
15,915
20,033
6,000
21,354
25,935
75,939
474,117
1.224
5,496
4.558
21.341
258,993
28.348
36,617
20,033
6,000
21,354
25,935
75,909
390,083
28,046
91,336
439.342
30
84,034
Page 18
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 Trt4RCH 2024
EXPENDITURE (continued)
Unrestrieted Restricted Total Funds
Funds
Funds
2024
Total Funds
2023
Other
Cknldren's Arnbulance
109,687
109,687
2.352
2,352
ANALYSIS OF SUPPORT COSTS
Unrestricted Restricted
Funds
Funds
Total Funds
2024
Total Funds
2023
Support cost5
Staff costs
Governance costs (Note 6)
Piofessional fees
IT and development
Insurance
Bank charges
54,119
6,139
4,064
9,116
1,857
614
S4,119
6,139
4,064
9,116
1,857
644
48,788
5,570
21,085
13,141
1,953
799
30
30
75,939
91,336
ANALYSIS OF GOVERNANCE COSTS
UnrestTitted Restricted
Funds
Funds
Total Funds
2024
Totsl Funds
2023
Governance costs
Auditor remuneralion
Training
Statutory requirements - fees
5,320
716
103
5,320
716
J03
4.940
527
103
5.570
STAFF COSTS
31.03.24
31.03.23
Wages and salaries
Social security costs
Other pension cost
213,839
13,485
4,710
199,987
13,114
4,472
232,034
217.573
Tbe aveTage Dumber of employees duTing the year was 8 (2023.. 9).
The directors received no remuneration in the course of their work during the year and no employee received
ernoluments in excess of £60.000.
KEY fvIANAGEMENT PERSONNEL COMPENSATION
Compensation paid to key managernent persoDnel in the year to 31 March 2024 was £59.113 (2023.. £53,325).
The prior year included amounts paid to the Interim CEO who was nol atL employee of the Charitabl¢ Company
and theTefoTe whose remuneTation was not included at the staff costs in uote 7.
Page 19
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
NET INcOL￿￿
Net income is stated after charging..
31.03.24
31.03.23
AmDrtisatiDn on intangible assets
DepTeciation
Auditors remuneration- for audit services
Operating lease expense
3,648
3,J75
5,320
15,000
3,648
3,818
4,940
14,907
INTANGIBLE FIXED ASSETS
SoftTrvare
COST
At l April 2023
18,240
At 31 March 2024
DEPRECIA TION
At l April 2023
Charge for the year
9,179
At 31 March 2024
12,827
NET BOOK VALUE
At 31 March 2024
5.413
At 31 Marcb 2023
9,061
io.
TANGIBLE FIXED ASSETS
Caravans
COST
At l April 2023
78.825
At 31 March 2024
78,825
DEPRECIATION
At l April 2023
Charge for the year
72,779
3.175
At 31 MaTch 2024
75,954
NET BOOK VALUE
At 31 March 2024
2,871
At 31 March 2023
6,046
Pagc 20
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
FIXED ASSET INVESTMENTS
Movement in fized a55et listed investments
31.03.24
31.03.23
Market value at l ApIil
Additions to investments at cost
Disposals at carrying value
Revaluation
404,745
27,834
Market value as at 31 March
432 579
Investments at fair value comprised:
31.03.24
31.03.23
Alternatives
Equities
Fixed interest secuTities
Casb held as part of the investment portfolio
116,623
158,473
123,297
34,186
432,579
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.24
31.03.23
PTepayments and accrued income
13,709
13.709
13.
CREDITORS: AMOUNTS FALLING DUE WUTHIN ONE YEAR
31.03.24
31,03.23
AccTuals
Taxation and social security
Other ¢reditOTS
17,027
4,607
19,255
3,769
26,500
48,134
49,524
Page 21
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
14.
ANALYSIS OF CHARITABLE FUNDS
At31
March
2024
At l April
2023
Income
& Gains
Expenditure
Transfers
Restricted Funds
Adult Congenital Fund
Baby Massage
Mental Health Project
Garden Project
Social Justice Small Grants ProgTamme
Ulster Garden Villages
Building For the Fllft￿e PrDject
Music Therapy
Department of Health Carers Fund
2.716
1.211
14,441
io
(2.711)
(1.211)
(20.033)
5.592
io
5,000
20,000
32,237
2,446
9,950
(6,000)
(20,000)
{21,354)
(2,446)
(10,279)
1,000
10,883
329
Total Restrlcted Funds
18.378
75,225
(84,034)
1,329
10.898
Unrestricted Funds
General Funds
Designated Funds
191.299
570,000
498,76 I
(447.038)
(46,329)
45,000
196,693
615,000
Total Unrestricted Funds
761,299
498,761
(447,038)
(1.329)
811,693
Total Funds
779.677
573.986
(531,072)
822,591
15.
ANALYSIS OF CHARITABLE FUNDS - PRIOR YEAR
At31
March
2023
At l Aprll
2022
Income
Expenditure
Transfers
Restricted Fvnds
Kilimanjaro Account
Adult Congenital Fund
Cash for Kids clay kits
Baby Massage
Menta] Health Project
Garden Project
Caledon Trust - Clark Bear Care Packages
M&S Neighbourly - Coaguchek tnachine
Cost of Living Crisis Support
Ambulatory Monitors
Take Ten Apps
GTOUlldwork NI- Activity Packs
(i)
(30)
(1,032)
(1,074)
2.746
1,032
2,285
14,441
io
2,716
1,211
14.441
io
500
1,000
5.000
6,467
4,400
1,125
(500)
(1,000)
(5.000)
(6,467)
(4,400)
(1,125)
Total Restrict¢d Funds
20.515
18,492
(20.629)
18,378
UnrestrActed Funds
General Funds
Designated Fullds
200.190
729.000
421,187
(589.078)
159,000
(159,000)
191,299
570,000
Total Unrestricted Funds
929,190
421,187
{589.078)
761,299
Total Funds
949.705
439,679
(609.707)
779,677
Page 22
continued...

CHILDREN'S HEARTBEAT
NOTES TO THE FINANCIAL STATEMENTS - eontinlled
FOR THE YEAR ENDED 31 MARCH 2024
15.
AIYALYSIS OF CHARITABLE FUNDS (continued)
Restricted funds:
The Adult Congenital Fund represents fundraising for adults With congenital heart disease.
Baby massage represents fimds ieceived from St, James's Place to enable Children's Heartbeat to support parents
whose children are born with congenital heart disease with an online baby n]assage COUTse and Tesource booklet.
Mental Health Project represents ￿llds received from The Community Foundation "Mentsl Health Fund"
towaTds an intensive programtne of mental health focussed workshops foT young people with congenital heart
disease.
Garden Project represents funds received from HSBC "SuppoTting Our Community Programme" towards a
coutyard project at The Royal Belfast Hospltal for Sick Children.
Social Justice Small Grants Programme represents fund5 received from The Community Foundation towards a
campaign for a Young Patients Fund for Northern treland.
Ulster Garden Villages represents funds received towards a Family Support Prograrnme.
Building For the Future Project represents funds received frorn the National Lottery Community Fund, Dorn)ant
A¢counts Fund NT towards putting strategies in place to enable the charitable Company to be more resilient and
prepared for the ￿￿re.
Music Therapy represents fimds received from the Public Health Agency Clear Project to provide group music
therapy sessions.
Department of Health Carers Fund represents funds received from The Community Foundation towards advice
service provision and peer support for carers and young carers of children with Congenital Heart Disease.
Designated funds:
At the year end the designated element of unrestricted funds is for the following purposes..
Capital Projects
Operating ¢osts
350,000
265,000
615 000
16.
ANALYSIS OF NET ASSETS BETWEEIY FUNDS
Unrestricted
FuTJds
Restricted
Fund5
Total Funds
2024
Fixed assets
CU￿ent assets
Creditors less than one year
440.863
392,464
21,634)
440,863
429,862
37,398
26.500
At 31 March'2024
811.693
10.898
822,591
Page 23
ontinued..

CHILDREN'S HEARTBEAT
NOTES TO THE FINA14CIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 h￿RCH 2024
17.
INCOME AND EXPEIYDITURE SUMMARY
2024
2023
Gross income
570,908
439,679
Resource5 expended
Costs of generating fiinds
Costs of activitie5 for ch￿itable activities
Other expenditure
54,603
474,117
60,678
439,342
109,687
609 707
531072
Gainsllosses on investments
27,834
Sutplus/(Deficit) for year
42,914
170,028
The abov¢ reflects the Income and Expenditure account as requiTed by the Companies Act 2006 as opposed to
that required under the Statement of Recomrnended Practice as detailed on page I l.
Total income comprise8 £470,927 for unrestricted fijnds and £75,225 for restricted fimds. A detsiled analysis of
income is provided in the Statement of Financial Activities and note 3.
Detailed &nalyses of the expenditure are provided in the Ststernent of Financial Activitie5 and note 4.
The Incorne and Expenditure Summary is derived from the Statement of Financial Activities on page I I which
together with the notes to the accounts on pages 15 - 24 provides filll information on the movements durirlg the
year on all funds of the charity.
18.
TAXATION
Tbe ChaTity is Te¢ognised as such by HM Revenue and Customs and is entitled to certain tax exemptions on
income aDd profits from invgstments, and surpluses on any trading activities carTied on in furtherance of the
Charity's primary objectives, if these profit5 or SUTpluses are appljed solely for charitable puryoses.
19.
PENSION SCHEME - Defined contribution scheme
The company operates a defined contributt.on pension scheme. The pension cost represents contributions payable by
the company to the fimd (excluding member salary sacrifice contibutions) and amounted to £4.710 (2023.. £4,472).
20.
TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES
The Charity was under control of the B0￿d of Directors througbout tbe ell￿ent and PTevious period. No diTector
emolumellts werc paid during the year (2023 - Nil). Thcre were llo rnaterial transactions during the year ID which
any diTectOT OT related paty had an inteTest yequiring dis¢losuT¢.
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