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 | |