Cash Flow Statement for the year ended 5 April 2008
| |
|
2008 £’000 |
2007 £’000 |
Operating Activities
|
|
|
|
| Receipts of interest and dividends |
|
38,373
|
35,309 |
| Other incoming resources |
|
-
|
488 |
| Payments of expenses |
|
(516) |
(507) |
| Payments of charitable grants |
|
(41,208) |
(37,972) |
| |
|
|
|
| Net cash outflow from operating activities |
|
(3,351) |
(2,682) |
| |
|
|
|
| Investing activities |
|
|
|
| Proceeds from disposal of investments |
|
62,717
|
32,180 |
| Purchase of investments |
|
(56,874) |
(31,806) |
| |
|
|
|
| Net cash inflow from investing activities |
|
5,843 |
374 |
| |
|
|
|
| Increase/(decrease) in cash |
|
2,492 |
(2,308) |
| |
|
|
|
| a) Reconciliation of changes in resources to net cash outflow
from operating activities |
|
|
|
| Net outgoing resources |
|
(9,295) |
(4,129) |
| (Increase)/decrease in debtors |
|
(4,355) |
(126) |
| Increase in creditors |
|
10,299 |
1,573 |
| |
|
|
|
| Net cash outflow from operating activities |
|
(3,351) |
(2,682) |
| |
|
|
|
| b) Analysis of changes in cash during the year |
|
|
|
| Cash at bank at beginning of the year |
|
29,483 |
31,791 |
| Decrease in cash |
|
2,492 |
(2,308) |
| |
|
|
|
| Cash at bank at end of the year |
|
31,975 |
29,483 |
| |
|
|
|
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