Statement of Cash Flows
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Statement of Cash Flows for the year ended 31st March 2023
| NOTE |
2022/23 £000 |
2021/22 £000 |
|
| Cash flows from operating activities | |||
| Operating surplus | 776 | 5,329 | |
| Non-cash income and expense: | |||
| Depreciation and amortisation | 4,592 | 2,914 | |
| Impairments and reversals | 5.4 | 8,358 | 1,735 |
| Income recognised in respect of capital donations (cash and non-cash) | 7.1/7.5 | (112) | - |
| (Increase) in trade and other receivables | (5,396) | (260) | |
| Increase in trade and other payables | 3,706 | 3,046 | |
| (Decrease)/increase in other liabilities | (691) | 3,227 | |
| (Decrease) in provisions | (286) | (188) | |
| Other movements in operating cashflows | 1 | - | |
| Net cash generated from operating activities | 10,948 | 15,803 | |
| Cash flows from investing activities | |||
| Interest received | 5.1 | 884 | 40 |
| Purchase of intangible assets | 6.1 | - | (60) |
| Purchase of property, plant and equipment | (17,035) | (10, 857) | |
| Receipt of cash donations to purchase capital assets | 7.1/7.5 | 112 | - |
| Finance lease receipts (principal and interest) | 10.3 | 36 | - |
| Net cash (used in) investing activities | (16,003) | (10,877) | |
| Cash flows from financing activities | |||
| Public dividend capital received¹ | 7,718 | 11,484 | |
| Public dividend capital repaid² | - | (2,783) | |
| Capital element of lease liability repayments | 12.2 | (1,541) | - |
| Interest element of lease liability repayments | 12.2 | (119) | - |
| Public dividend capital (paid)³ | (1,766) | (1,929) | |
| Net cash generated from financing activities | 4,292 | 6,772 | |
| (Increase)/decrease in cash and cash equivalents | (763) | 11,697 | |
| Cash and cash equivalents at 1 April brought forward | 41,709 | 30,011 | |
| Cash and cash equivalents at 31 March | 15.1 | 40,946 | 41,709 |
There are no non- cash movements included within cash flows used in financing activities.
1During the year the Trust received £7,718,000 of Public dividend capital as part of the Mental Health Eradication of Dormitories scheme. (2021/22: - £11,321,000 Mental Health Eradication of Dormitories funding and £163,000 for Digital Aspirant funding).
2Public dividend capital repaid is in relation to Public dividend capital received for the Mental Health Eradication of Dormitories scheme in 2020/21.
3Public dividend capital paid relates to the annual dividend charge payable on relevant Trust net assets.
