ANNUAL REPORT 2020 FINAL 211031

ANNUAL
ACCOUNTS
Cash Flow Statement
FOR THE YEAR ENDED 31 DECEMBER 2020
Cash flows from operating activities
2020 2019
£ £
Net cash provided by (used in) operating activities: (see below) 2,685,066 (6,545,538)
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Cash flows from investing activities
Dividends, interest and rents from investments 980,660 963,963
Purchase of property (1,231,672) (538,874)
Proceeds from sale of property 1,642,810 5,487,514
Purchase of investments (4,979,314) (22,490,561)
Proceeds from sale of investments 6,232,221 23,906,021
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Net cash provided by (used in) investing activities 2,644,705 7,328,063
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Change in cash and cash equivalents in reporting period 3,922,099 782,525
Cash and cash equivalents at beginning of reporting period 6,323,170 5,540,645
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Cash and cash equivalents at end of reporting period 10,245,269 6,323,170
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Reconciliation of net incoming resources to cash flow from
operating activities
Net (expenditure)/ income for reporting period (as in SOFA) 11,821,062 3,359,114
Adjustments for:
Depreciation 560,565 548,655
Returns on investments (14,548,995) (15,871,948)
Dividends (980,660) (963,963)
Net Gain on Disposal of school sites and Fixed Assets 207,427 5,343,834
Net gain on Disposal of Investment Properties 62,453 -
(Increase)/Decrease in Debtors 326,047 453,495
Increase/(Decrease) in Creditors 5,237,167 585,275
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Net Cash provided by/ (used in) operating activities 2,685,066 (6,545,538)
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ANALYSIS OF CHANGES IN CASH AT BANK AND IN HAND
2020 Cash flow 2019
£ £ £
Cash at bank and in hand 10,245,269 3,922,099 6,323,170
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