Cashflow statement for the year ended 31 March 2022 Note 2022 £’000 2021 £’000 Net cash generated fromoperating activities: Operating cashflow (i) below 2,471 2,667 Cash flow from investing activities: Proceeds from sale of fixed assets 646 1,471 Purchase of tangible fixed assets (415) (247) Interest received - 1 Net cash generated from investing activities 231 1,225 Cash flow fromfinancing activities: Repayment of existing loans (1,247) (3,356) Grants received 48 - Interest paid (959) (1,049) Net cash used in financing activities (2,158) (4,405) Net increase / (decrease) in cash and cash equivalents 544 (513) Cash and cash equivalents at the start of the year 2,550 3,063 Cash and cash equivalents at the end of the year 3,094 2,550 Note (i) Cash generated fromoperating activities Surplus for the year 1,089 822 Add back: Interest payable and similar charges 982 1,063 Interest receivable and similar income - (1) 2,071 1,884 Operating items not involving themovement of funds: Depreciation & write-off of fixed assets 1,212 1,747 Amortisation of grant (376) (353) Profit on sale of assets (657) (1,122) (Credit) / Charge for Bad Debts (3) 54 Change in debtors 39 155 Change in creditors 185 302 Net inflow fromoperating activities 2,471 2,667 Annual Report 2021-2022 51
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