Charity Number:NIC106112 Company Number:NI034517
Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
Directors’ report and financial statements
for the year ended 31 March 2025
Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
| Contents | ||
|---|---|---|
| Page | ||
| Information | 1 | |
| Director's Report | 2-3 | |
| Independent examiners’ report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance sheet | 6-7 | |
| Notestotheaccounts | §-14 |
Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
Information
Directors Eamon McGinley Caroline Rogan James McColgan Francine Moran Sinead Murphy | Company No: NI034517 Charity No: NIC106112 Registered office 14 Shaw Court Ballymagroarty Derry BT48 OPW ’ Accountants McGroarty McCafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 63X Bankers Bank of Ireland 27 Culmore Road Derry BT48 8JB
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Ballymagroarty Hazelbank Community Partnership (A company limited by guarantee)
Director's Report
The directors present their report and the financial statements for the year ended 31 March 2025.
Objectives and activities
Ballymagroarty Hazelbank Community Partnership (BHCP) continues to play a strategic role as a key partner within the Foyleside District Electoral Area (DEA). The organisation is represented through the Outer West Foyleside Local Growth Ltd and the Neighbourhood Renewal Partnership,
BHCP leads on the Social Renewal agenda, focusing primarily on the pillars of Health and Education. The Partnership holds strategic responsibility within the Health and Education Taskforces, driving the development and coordination of targeted interventions aligned with the priorities and action plans identified under each theme. :
Directors and their interests
The directors of the charity for the purposes of charity law and throughout this report are collectively referred to as the directors.
The directors serving during the year and since the year end were as follows:
| Eamon McGinley | James McColgan |
|---|---|
| Caroline Rogan | Francine Moran |
| SineadMurphy |
Governing Document
The organisation is a charitable company limited by guarantee. The entity was incorporated and registered as charity on 17 July 1998. The company was established under Memorandum & Articles of Association which outlined the area of benefit and the objects of the charitable organisation. Every member of the company in accordance with the Memorandum, undertakes to contribute to the assets of the company, in the event of the same being, wound up while it is a member, or within one year it ceases to be a member, for payment of the debts or liabilities of the company contracted before it ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustments of the rights of the contributions among themselves, such amount as may be required not exceeding £1.
Appointment of Directors
Directors are appointed at the Annual General Meeting and hold office until the next AGM following their appointment,
New board members are given an induction by the chairman covering the charity's structure and how it operates, the board meets once every month to receive reports from management and deal with strategic and policy matters.
Risk Management
The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks.
Financial review
The reserves policy of the charity is to have sufficient reserves to cope with temporary shortfalls. The deficit from charitable activities during the year was £414 (Deficit in 2024: £3,584). Total incoming funds in the current year shows a 9% decrease from the previous year. Total expenditure in the current year also decreased by 9.67% from the previous year.
The total funds available at the year end were £51,904, this is equivalent to approximately 2 months operational costs.
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Net current assets has increased to £48,409 (2024 - £46,826). The total bank balance has increased by £51,418. The bank balance for year was £76,249 (2024 - £24,831). There were no overdrawn bank balances for the year (2024 - £2,697). Grants receivable and other debtors has decreased by £18,836, and creditors and accruals have increased by £33,696.
| The principal funding sources for the charity are currently way of grants and donations. | The principal funding sources for the charity are currently way of grants and donations. | The main funders/ |
|---|---|---|
| donors for the yearwere: | ||
| - Department for Communities | - TheCommunityFoundation NI | |
| - Derry City and Strabane DistrictCouncil | - BigLotteryCommunityFund | Fund |
| -BBC - Children in Need | -Education Authority | |
| -NHIP |
Directors Responsibilities In Relation To The Financial Statements
The directors of Ballymagroarty Hazelbank Community Partnership for the purposes of company law are responsible for preparing the Directors’ Annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the directors are required to:
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select suitable accounting policies and apply them consistently;
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observe methods and principles in the Charities SORP (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
In so far as the directors are aware:
- there is no relevant information of which the company's independent examiner is unaware, and - the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the independent examiner is aware of that information.
A resolution will be proposed at the Annual General Meeting that McGroarty Mc Cafferty & Company Ltd be re-appointed as accountants for the charity for the ensuing year.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies,
This report was approved and authorised for issue by the Board on 3 December 2025 and signed on its behalf by
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Director Dir ctor
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Ballymagroarty - Hazelbank Community Partnership {A company limited by guarantce)
Independent examiner's report on the unaudited financial statements to the directors of Ballymagroarty - Hazelbank Community Partnership
We report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 5 to 14.
Respective responsibilities of charity directors and examiner;
,
As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to;
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examine the accounts under section 65 of the Charities Act 2008,
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follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9}(b) of the Charities Act 2008.
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state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 65(9}(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity directors concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
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that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
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that the accounts do not accord with those accounting records;
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that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the 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;
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that there is further information needed for proper understanding.
Independent examiner's statement
We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.
As the charity's gross income exceeded £250,000 the examiner must be a member of a body listed in section 65 of the Charities Act (Northern Ireland) 2008. We can confirm that we are qualified to undertake the examination as we are a member of the Chartered Accountants Ireland, which is one of the listed bodies.
On behalf of: McGroarty McCafferty & Company Ltd Accountants & Tax Consultants
2 Carlisle Terrace Derry BT48 6JX
Date: 3 December 2025
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
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|---|---|---|---|
|Statement|of Financial. Activities|
|for the year ended|31|March|2025|
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|Funds|Funds|2025|2024|
|Income and Expenditure|£|£|£|£|
|Incoming|Resources|
|Grant|Income|3.|-|317,867|317,867|353,482|
|Other|income|3.|16,491|-|16,491|13,630|
|Bank|interest|3.|171|-|171|138|
|Total Incoming|Resources|16,662|317,867|334,529|367,250|
|Resources|Expended|
|Direct Charitable|Expenditure|4.|10,825|287,468|298,293|340,929|
|Management &|Administration|4.|2,268|34,382|36,650|29,905|
|Total|Resources Expended|13,093|321,850|334,943|370,834|
|Net Incoming / (Outgoing)|Resources|3,569|(3,983)|(414)|(3,584)|
|Transfer|between|funds|-|-|-|-|
|Balances|brought|forward|1|April|2024|46,826|5,492|$2,318|55,902|
|Balances|carried|forward|31|March|2025|11.|50,395|1,509|51,904|52,318|
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The above amounts relate to continuing operations of the company.
The company has no recognised gains and losses other than those included in the results above and therefore Ilo separate statement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents.
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
| Balance sheet | Balance sheet | |||||
|---|---|---|---|---|---|---|
| as at 31 March 2025 | ||||||
| 2025 | 2024 | |||||
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 8. | 3,495 | 5,492 | |||
| Current assets | ||||||
| Debtors | 9, | 11,382 | 30,218 | |||
| Cash at bank and in hand | 76,249 | 24,831 | ||||
| 87,631 | 55,049 | |||||
| Current liabilities | ||||||
| Bank overdrafts | - | 2,697 | ||||
| Creditorand Accruals | 39,222 | 5,526 | ||||
| 39,222 | 8,223 | |||||
| Net current assets | 48,409 | 46,826 | ||||
| Total assets less current | ||||||
| liabilities | 51,904 | 52,318 | ||||
| Reserves | ||||||
| Brought forward at | April 2024 | |||||
| Unrestricted | 50,395 | 46,826 | ||||
| Restricted | 1,509 | 5,492 | ||||
| 11. | 51,904 | 52,318 |
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:
Ballymagroarty - Hazelbank Community Partnership
(A company limited by guarantee)
Balance shect (continued)
Directors' statements required by Sections 475{2) and (3) for the year ended 31 March 2025
In approving these financial statements as directors of the company we hereby confirm:
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006,
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The accounts have been approved and authorised for issue by the board on 3 December 2025.
Director
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Directdr
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Date: 3 December 2025
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Date: 3 Decemberj2025
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Registration No: NI034517
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025
1. General information
The company is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 14 Shaw Court, Derry, BT48 OPW.
L1. Accounting convention
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity constitutes a public benefit entity as defined by FRS102. 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 Charities SORP (FRS102), the Companies Act 2006 and the Charities Act (Northern Ireland) 2008,
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.
2.1. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants received are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Capital grants are released to the profit and loss account in the year in which they are received in line with the SORP Accounting & Reporting by Charties.
Revenue grants are credited to the Statement of Financial Activities in the year they are received.
Donations & other income is classified as unrestricted funds and is recognised when receipt is probable and entitlement is established.
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025
2.2. Expenditure
Expenditure is recognised on an accrual basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
- 2.3. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Any assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Fixtures, Fittings & Equipment 20% Straight Line
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
3. Incoming Resources
| Incoming Resources | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | 2025 | 2024 | |
| Grant Income | £ | £ | £ | £ |
| Department forCommunities | z | 101,697 | 101,697 | 98,783 |
| Derry Cityand Strabane District Council | - | 21,058 | 21,058 | 30,403 |
| BBC - Children in Need | - | - | - | 24,928 |
| Education Authority | - | 112,567 | 112,567 | 98,052 |
| NHIP | - | 34,266 | 34,266 | 35,001 |
| NIHE | - | 6,945 | 6,945 | - |
| CRI | - | - | - | 11,220 |
| Community Foundation NI | 5 | 18,178 | 18,178 | 54,351 |
| Halifax | - | 2,296 | 2,296 | 744 |
| RightTime Right Place | - | - | - | - |
| Tesco Stronger Starts | - | 1,000 | 1,000 | - |
| Big Lottery Community Fund | - | 19,860 | 19,860 | - |
| - | 317,867 | 317,867 | 353,482 | |
| Unrestricted | Restricted | |||
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Other Income | 16,491 | - | 16,491 | 13,630 |
| Unrestricted | Restricted | |||
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| DepositInterestreceived | 171 | - | {71 | 138 |
(i) Restricted Funds
Funds received which are earmarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation,
(ii) Unrestricted Funds
Funds which are expendable at the discretion of the company in furtherance of the aims of the charity, In addition funds may be held in order to finance capital investment and working capital.
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Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|4,|Resources|Expended|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Direct Charitable|Expenditure|£|£|£|£|
|Wages|&|salaries|-|203,713|203,713|222,037|
|Staff pension|costs|-|4,005|4,005|4,959|
|Programme|casts|10,589|75,804|86,393|110,188|
|Depreciation|of Fixtures|&|Fittings|236|3,946|4,182|3,745|
|10,825|287,468|298,293|340,929|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Management &|Administration|£|£|£|£|
|Overheads|&|running|costs|1,429|32,492|33,921|27,480|
|Bank|fees|839|-|839|552|
|Accountancy|fees|_|-|1,890|1,890|1,873|
|2,268|34,382|36,650|29,905|
|Total|Expenditure|13,093|321,850|334,943|370,834|
|5.|Net incoming/|(outgoing)|resources|for the|year|
|2025|2024|
|£|£|
|Net|(outgoing)/|incoming resources|is|stated|after|charging:|
|Depreciation|and|other|amounts|written|off tangible|fixed|assets|4,182|3,745|
|Accountancy Fee|1,890|1,873|
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Ballymaproarty - Hazelbank Community Partnership (A company limited by guarantee) Notes to the accounts
for the year ended 31 March 2025
6. Staff note
The average number of persons employed by the company during the year amounted to 16 (2024: 16).
The ageregate payroll costs incurred during the year were:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 203,713 | 222,037 |
| Pension contributions | 4,005 | 4,959 |
| 207,718 | 226,996 |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
No remuneration or other benefits from employment with the charity or a related entity were received by the directors.
7. Taxation
Asa charity,Ballymagroarty Hazelbank Community Partnership is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 8256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chargeable objects. Accordingly, no tax charges have arisen in the charity.
| 8. | Tangible assets | Fixtures, | |
|---|---|---|---|
| Fittings& | |||
| Equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 April 2024 |
36,639 | 36,639 | |
| Additions | 2,186 | 2,186 | |
| At 31 March 2025 | 38,825 | 38,825 | |
| Depreciation | |||
| At 1 April 2024 | 31,147 | 31,147 | |
| Charge forthe year | 4,183 | 4,183 | |
| At3] March 2025 | 35,330 | 35,330 | |
| Net book values | |||
| At31 March 2025 | 3,495 | 3,495 | |
| At31March2024 | 5,492 | 5,492 |
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Bailymagroarty - Hazelbank Community Partnership (A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
| 9. | Debtors | 2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Grants receivable | 9,042 | 24,392 | |||
| Other debtors | 1,740 | 5,826 | |||
| 11,382 | 30,218 | ||||
| 10. | Current liabilities | 2025 | 2024 | ||
| £ | £ | ||||
| Bank loans and overdrafts | - | 2,697 | |||
| Other creditors | 36,282 | 1,430 | |||
| Deferred income | - | 2,296 | |||
| Accruals | 2,940 | 1,800 | |||
| 39,222 | 8,223 | ||||
| 11. | Movements in Funds | At | At | ||
| 1April | Incoming | Outgoing | 31 March | ||
| 2024 | resources | resources | 2025 | ||
| £ | £ | £ | £ | ||
| Restricted funds: | |||||
| Total restricted funds | 5,492 | 317,867 | (321,850) | 1,509 | |
| Unrestricted funds: | |||||
| Total unrestricted funds | 46,826 | 16,662 | (13,093) | 50,395 | |
| 52,318 | 334,529 | (334,943) | 51,904 |
Purposes of Restricted Funds
Restricted grants awarded to the charity are provided to cover the core objects as explained in directors report.
12, Related Party Transactions
BHCP owes an amount of £1,140 to Outerwest Foyleside Local Growth Ltd.
- Limited by Guarantee
The company is limited by guarantee and does not have a share capital.
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Ballymagrearty - Hazelbank Community Partnership
- (A company limited by guarantee)
Notes to the accounts for the year ended 31 March 2025
14, Contingencies
The charity has received certain grants during the year which may be reduced, cancelled or repaid in certain circumstances.
15. Post Balance Sheet events
No significant events have taken place since the year end that would result in adjustments to 2025 financial information or inclusion of a note thereto,
16. Controlling interest
Controlling interest rests with the Board of Directors.
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