TRUSTEES' REPORT AND ACCOUNTS 2024 55
Notes
2024
£'000
2023
£'000
Cash flows from operating activities
Net cash (used in)/provided by operating activities A (26,710) (12,042)
Cash flows from investing activities:
Dividends, interest and rents from investments 2,312 2,699
Interest received 1,106 1,196
Proceeds from the sale of property, equipment and motor vehicles 625 4,536
Purchase of intangibles (4) (83)
Purchase of property, plant and equipment (3,476) (2,349)
Proceeds from sale of investments 139,652 15,759
Purchases of investments (125,914) (15,141)
Decrease/(increase) in cash held in investment portfolio 12,379 (3,833)
(Increase)/decrease in current asset investments - (6,000)
Decrease/(addition) to programme-related investments 31 (188)
Net cash provided/(used in) by investing activities 26,711 (3,404)
Change in cash and cash equivalents in the reporting period 1 (15,446)
Cash and cash equivalents at the beginning of the reporting period 15,326 30,772
Cash and cash equivalents at the end of the reporting period B 15,327 15,326
Notes to the consolidated cash flow statement
A) Reconciliation of net income to net cash flow from operating activities
Net (expenditure)/income for the reporting period (9,451) 13,744
Depreciation and amortisation charges 3,694 4,105
(Gains) on investments (12,525) (11,453)
Dividends and interest from investments (3,418) (3,895)
Profit on disposal of fixed assets (389) (3,232)
(Increase)/decrease in stocks (235) 98
(Increase) in debtors (4,304) (10,377)
Increase/(decrease) in creditors 1,250 (401)
Increase/(decrease) in LT creditors 805 -
(Decrease)/increase in provisions (948) 901
Pension cost less contributions payable (2,004) (2,004)
Pension scheme finance costs 815 472
Net cash (used in) operating activities (26,710) (12,042)
Consolidated cash flow statement
YEAR ENDED 31 DECEMBER 2024