Statement of cash flows
for the year ended 31 March 2022
| Note | 2022 | 2021 |
|---|
| | £000 | £000 |
|---|
| Cash flows from operating activities |
| Surplus for the financial year | | 2,011 | 193 |
|---|
| Adjustments for: |
| Depreciation and amortisation | 3 | 878 | 1,046 |
|---|
| Release of lease incentive | 13 | (453) | (453) |
|---|
| Increase/(decrease) in provision for dilapidation | 14 | (27) | 267 |
|---|
| Deferred tax | 14 | 85 | 114 |
|---|
| Investment portfolio management fees | 9 | 85 | 37 |
|---|
| Dividends and fixed interest securities | 9 | (276) | (152) |
|---|
| (Increase)/decrease in trade and other debtors | | 61 | (123) |
|---|
| Increase in trade and other creditors | | 637 | 1,029 |
|---|
| Net cash provided by operating activities | | 3,001 | 1,958 |
|---|
| Cash flows from investing activities |
| Purchases of investments | | - | (2,500) |
|---|
| Purchases of tangible fixed assets | 7 | (49) | (27) |
|---|
| Purchases of intangible fixed assets | 8 | (260) | (125) |
|---|
| Investment income | 4 | 306 | 208 |
|---|
| Taxation | | (27) | (48) |
|---|
| Net cash (used in) investing activities | | (30) | (2,492) |
|---|
| Change in cash and cash equivalents in the reporting period | | 2,971 | (534) |
|---|
| Cash and cash equivalents at the beginning of the period | | 13,035 | 13,569 |
|---|
| Cash and cash equivalents at the end of the reporting period | | 16,006 | 13,035 |
|---|
| | £000 | £000 |
|---|
| Cash in hand | | 19 | 249 |
|---|
| Notice Deposits (less than 3 months) | | 15,987 | 12,786 |
|---|
| Total cash and cash equivalents | | 16,006 | 13,035 |
|---|