TRUSTEES' REPORT AND ACCOUNTS 2014 21
Consolidated cash flow statement
YEAR ENDED 31 DECEMBER 2014
Notes
2014
£'000
2014
£'000
2013
£'000
2013
£'000
Net cash outflow from operations A (655) (6,081)
Returns on investment:
Income from securities 5,048 2,949
Interest received 129 53
Net cash inflow from returns on investment 5,177 3,002
Capital expenditure and financial investment:
Purchases of tangible fixed assets (3,420) (2,621)
Proceeds from sales of fixed assets 2,370 1,858
Purchases of investments (6,385) (6,431)
Proceeds from sale of investments 6,416 12,783
Additional programme related investments 106 (21)
Net cash (outflow)/inflow from financial investment and capital expenditure (913) 5,568
Increase in cash in the year B,C 3,609 2,489
Notes to the consolidated cash flow statement
A) Reconciliation of net outgoing resources to net outflow from operations
Net incoming/(outgoing) resources:
General Fund (3,446) (1,962)
Restricted funds 9,647 5,830
6,201 3,868
Gain on disposal of fixed assets (1,024) (920)
Investment income (5,177) (3,002)
Depreciation charge for the year 5,660 5,877
Increase in stocks (51) (12)
Increase in debtors (1,916) (857)
Decrease in creditors (2,095) (3,139)
(Decrease)/increase in provisions (810) 1,797
Other adjustments including pension funding (1,443) (9,693)
Net cash outflow from operations (655) (6,081)
B) Changes in cash during the year
Balance at 1 January 16,295 13,806
Increase in cash in the year 3,609 2,489
Balance at 31 December 19,904 16,295
C) Analysis of net funds Change in year
2014
£'000
2013
£'000
2014
£'000
2013
£'000
Short term deposits 4,485 4,134 351 265
Cash at bank and in hand 15,419 12,161 3,258 2,224
19,904 16,295 3,609 2,489
The notes on pages 22 to 36 form part of these accounts.
CONSOLIDATED CASH FLOW STATEMENT