Consolidated cash flow statement
For the year ended 31 December 2023
2023 2022
Note(s) £'000 £'000
Net expenditure for the year
(as per the consolidated statement of financial activities) (30,124) (25,853)
Adjustments to exclude non-cash items and investment income
Depreciation 14 545 417
Impairments 14 - 36
(Decrease) / Increase in grant commitments, other creditors and deferred income 21,22 (5,943) 19,177
(Decrease) / Increase in provisions 24 (356) 367
Decrease in stock and investments awaiting sale 19 34 43
Increase in debtors 20 (11,101) (8,735)
Losses on disposal of tangible assets 14 14 (Gains)
/ Losses on fixed asset investments (2,546) 1,338
Investment income 7 (2,477) (2,092)
Loss on programme related investment 15 - 396
Net cash (used in) operating activities (51,954) (14,906)
Cash flows from investing activities
Investment income 7 29 2,092
Purchase of tangible assets 14 (264) (14)
Payments to acquire fixed asset investments 15 (75) (16,342)
Proceeds from sales of fixed asset investments 15 401 14,691
Proceeds from sales of current asset gifted properties - Payments
into current asset investments (151,969) (90,211)
Withdrawals from current asset investments 156,200 100,750
Withdrawals from fixed asset investments 15 49,125 1,174
Transfers out from funds held for reinvestment 15 - 581
Net cash generated from investing activities 53,447 12,721
Change in cash and cash equivalents in the year 1,493 (2,185)
Cash and cash equivalents at the beginning of the year 8,238 10,423
Cash and cash equivalents at the end of the year 17 9,731 8,238
Reconciliation of net cash
At start of year Cash flows At year end
Cash 8,238 1,493 9,731
The notes on pages 7-30 form part of these financial statements.
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Overview
Financial statements
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