2021-03-31-accounts

Trustees		Mr D Roscoe
		Mrs EBarnett
		Mr SJ Sherman
		Mr P P Cummins
		Dr MJ Homfray
		Ms P Lappin
		Mr D McGregor
		Mr M Sonne
		Ms V Elson
		Venerable P Spiers
		Mr BThomas
		Ms Nichola Speed		(Appointed	18November 2020)
Chair ofthe Board of		Mrs E Barnett
Trustees
Vice Chair	ofthe Board of	Mr M Sonne
Trustees
Treasurer	tothe Board of	Mr M Sonne
Trustees
Advisors to the board from		Councillor D Pullin
Sefton MBC		Councillor J Grace
		Councillor D Robinson
Patrons		The Worshipful	Mayor of Sefton
		Colonel Martin Amlot OBEOStJ DL		FRSA
President		Mr M Blundell, the Lord-Lieutenant		ofMerseyside
Chief Executive		Mrs ACarter (nee White) OBE FRSA
Secretary		Mrs ACarter (nee White) OBE FRSA
Charity number		1024546
Company	number	02832920
Registered	office	3rd Floor, North	Wing
		Burlington House
		Crosby Road North
		Waterloo
		Liverpool
		L22 OLG
Auditor		BWM
		Castle Chambers
		43Castle Street
		Liverpool
		L2 9SH

		Page
Trustees' report		1-20
Statement oftrustees'	responsibilities	21
Independent auditor's	report	22-24
Statement offinancial	activities	25-26
Balance sheet		27
Statement ofcash flows		28
Notes to the financial	statements	29 - 54

					Unrestricted	Restricted	Total	Total
					funds	funds
					2021	2021	2021	2020
				Notes	6
Income from:
Donations and	legacies			3	563,442	14,053	577,495	549,175
Chaditable activities				4	75,906	3,482,777	3,558,683	2,788,789
Investment income				5	7,839		7,839	10,860
Total income					647,187	3,496,830	4,144,017	3,348,824
Eagftttfkiigntga;
Raising funds				6	5,730		5,730	8,017
Charitable activities				7	611,127	3,071,081	3,682,208	3,437,647
Total resources expended					616,857	3,071,081	3,687,938	3,445,664
Net gains/(losses)		on investments		10	137,093		137,093	(14,483)
Net incoming/(outgoing)			resources before
transfers					167,423	425,749	593,172	(111,323)
Gross transfers	between		funds		15,821	(15,821)
Net movement	in	funds			183,244	409,928	593,172	(111,323)
Fund balances	at 1 April		2020		554,676	454,935	1,009,611	1,120,934
Fund balances	at	31 Nlarch 2021			737,920	864,863	1,602,783	1,009,611

Prior financial year
			Unrestricted	Restricted	Total
			funds	funds
			2020	2020	2020
		Notes			6
hLcCme~fr
Donations and legacies			549,175		549,175
Charitable activities			122,616	2,666,173	2,788,789
Investment income			10,860		10,860
Total income			682,651	2,666,173	3,348,824
Raising funds			8,017		8,017
Charitable activities		7	747,133	2,690,514	3,437,647
Total resources expended			755,150	2,690,514	3,445,664
Net gains/(losses) on investments		10	(14,483)		(14,483)
Net incoming/(outgoing)	resources before transfers		(86,982)	(24,341)	(111,323)
Gross transfers between	funds		(1,226)	1,226
Net movement in funds			(88,208)	(23,115)	(111,323)
Fund balances at 1 April	2019		642,884	478,050	1,120,934
Fund balances at 31March 2020			554,676	454,935	1,009,611

				2021		2020
			Notes	E		K
Fixed assets
Tangible assets			14		20,555		20,297
Investments			15		592,343		454,696
					612,898		474,993
Current assets
Debtors			18	264,955		442,130
Cash at bank and in	hand			884,527		254,529
				1,149,482		696,659
Creditors: amounts	falling due within		19
one year				(159,597)		(162,041)
Net current assets					989,885		534,618
Total assets less current		liabilities			1,602,783		1,009,611
Income funds
Restricted funds			24		864,863		454,935
jLn~rtnna~fnM
Designated funds			25	443,711		399,889
General unrestricted	funds			294,209		154,787
					737,920		554,676
					1,602,783		1,009,611

					2021		2020
				Notes	6		6
Cash flows from operating			activities
Cash generated from/(absorbed by)				27
operations						627,211		(318,800)
Investing	activities
Purchase	oftangible fixed	assets			(4,500)
Purchase	of investments				(48,161)
Proceeds	on disposal of investments				47,609		97,811
Investment	income received				7,839		10,860
Net cash	generated from	investing
activities						2,787		108,671
Net cash	used in financing		activities
Net increase/(decrease)		in	cash and	cash
equivalents						629,998		(210,129)
Cash and	cash equivalents		at beginning	ofyear		254,529		464,658
Cash and	cash equivalents		at end of	year		884,527		254,529

			Unrestricted	Restricted	Total	Unrestricted
			funds	funds		funds
			2021	2021	2021	2020
			6	6	6	6
Donations and	gifts			14,053	14,053	20,004
Grants receivable for core		activities	563,442		563,442	529,171
			563,442	14,053	577,495	549,175
Grants receivable for core activities
Sefton MBC			478,315		478,315	479,790
NHS South Sefton CCG			28,057		28,057	27,654
NHS Southport	&Ormskirk	CCG	22,079		22,079	21,727
Sefton MBC -	Health and Social Co-ordinator		14,822		14,822
Sefton MBC -	VRP funding	for Early Help pilot	15,000		15,000
Sefton MBC - Youth Voice		Worker	4,500		4,500
Other			669		669
			563,442		563,442	529,171

					0 EN Oa I- CC	0 EN Oa I- CC				ch	Cl CD			CD CO
										Cl CO	N N			N N	CD IO
										CD					CO
										N
										O CI	LO			O	I I
										CC	CC			Dc	I
										CD				IO	N
										Ch	CO				CO
					Ch				ch
					LEY0o			cc CI N
					CI C.O 'CE 0		0 E E	N CI hl	ch
					o		E h.
					«g 0 I, CC'			N cc CI	LII
						IC
					0	C
					C		IC	N CI N	LII	CI CO Cl		O COO			CI CO CI	Cl CO CI
					EE- 0o O		El0 IL			CI IO		CI IO			CI IO Ch	CI LO PI
								N CI N	Lh	CIO CI		CI CI CI			Cl CI CI	Cl CI
					E O	CCIC 00				IO		Ch LO			LO	LO
							C
						«0	CI
		0			'0 Ol C 0rI			N N CI	LII	CO O	ID CO			CDO Ol	N O
O)		Z Z			Sg					I	CO				Ol CO
rn LU & ~ UJ O g I- e g z I- g)Z ZJ3 P- 00 +~ )~u) IX.'5 -I p ~ Cl U LU0 ~~Z			CV V 0							rh tll
OQZ z L D~ Uj OPZZ U.P 02 o) I-P Uj Uj O (~) fh CE: Z			Q LLI 4l IL'0	Ih0 Y o Ch CI hl Ch I Cl0						OI 'o Cl Ill CI 00C E 'C Cl Q.	ClE00 hl		c 2« a ch Ch Ih C c(	Ih g 'o '0 Cl .0 '-=„'6 hl ch CO D CL'

%7 Cl L00		4! P E 0 P	0 N N N CI CV			Ol 40 O	Ccl CA cf Ccl O	CD CD l O CD Ifl CD	Oc CO R	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	Ol O Cc! O '4 O Ol CO CD O O CO CO CO O I Of I eO CO W CV W 4C OI OOOO Ct O O O IA O CO 0 Ch C4DChOI	IA CO I	CO CO CD CI CO
							CO t	IA Cc!	Ol				IA
		0I E0o			0 N	O O OO									O OO	CO 4C
		v		F	0 N	O O O CD 40			CA IA I	CC CO LA CC 'cl	O O O O 0I		CI CIO CI IA		IA CO CD Ccl CA	CO CD CC
				IL
		Ng 0			N				CD
					N
		E	E						IA IA
									CO
		O	0 4lE
		EE- 0o o			~ Ccl NeNCA		Cb „Oc O Ccl		O O CO I CC	'	'	IA CI ~0				CD Cl CO CO	CI CO CI CO IA
		0"00 44 Cl 0 0 Z+ 0 O em C00 «0 0			CC N	I	O O O Ccl	O O O CC								CI CI CI LA	CO CI IA
		0 0 l4 0 0	ch 0 CI Cl 4I		0	CC(4 IO Oc CV	O ~0 Oc	CO CO IA O						CO			CO CI CV
						CO
	8							QO0			CO I—
											ID
ee 0 IC0 Zl 0	Ol 4					o E O 0 L0 45 CC g e o CD 0cc IQ&oo c CD CD g CO CO Cl Z Z CO Z Z			4l0 f. CO 0 o IC CD o I—Z		Cl CCc m c O Cl Cn m E & o a	e e Z c C 4I0 ~ O CD CD	Cl00 D.	Ol	ID 0 00o. 0a	Cl 0

			Health and	Community	Unemploy-	Criminal	Total
			Wegbelng	Development	ment	Justice	2020
				Programs	Initiatives	Programs
Performance		related grants	1,202,678	311,495	757,092	394,908	2,666,173
Other income			122,616				122,616
			1,325,294	311,495	757,092	394,908	2,788,789
Analysis by		fund
Unrestricted		funds	122,616				122,616
Restricted	funds		1,202,678	311,495	757,092	394,908	2,666,173
			1,325,294	311,495	757,092	394,908	2,788,789

Performance	related gra	nts
			Health and	Community	Unemploy-	Criminal	Total
			Weabeing	Development	ment	Justice	2020
				Programs	Initiatives	Programs
			2020	2020	2020	2020
					2
Sefton M BC			904,772	106,517		30,000	1,041,289
NHS South SeRon CCG			206,758	37,563			244,321
NHS Southport	8 Formby	CCG	45,183	29,514			74,697
The Big Lottery				72,800	728,896	144,753	946,449
HM Prison Service						37,449	37,449
John Armitage	Charitable	Trust				40,000	40,000
BBCChildren	in Need			27,891			27,891
Merseyside Police					25,681	22,181	47,862
Achieve Northwest						30,525	30,525
Liverpool CVS						90,000	90,000
Other			45,965	37,210	2,515		85,690
			1,202,678	311,495	757,092	394,908	2,666,173

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	6
Income from listed investments		6,923	8,575
Interest receivable		916	2,285
		7,839	10,860
Raising funds
		2021	2020
Investment	management	5,730	8,017
		5,730	8,017

	0 E N OC P N	0 E N OC P N				IO Cl O CFI Ol	CD ~0 CII	CO CI Ccl CI		CD I CI co	CO CV CI	CO C9		'll I	ID O Ol CO	CD
						COO O CO	IO 44 I 40	CI CD Cl		Cl 'll		44 CI CC ~0 Cl		f CC Cl	COO O	CI Ccl CC Cl
								C4
	4I D			N0 CC	IC				CD CO		C4 CD	CV		O CO	C4 IO	'cf
	0O								CO		CO	CII		CO IO	Ol C4	CO
	cc 0	3	0 IL	~4 N0	IC	fD I Ol CO	O I		IO Ol'll			CI		Ol OI 04 CC CO	O Dl CO	CI cf
				cv CI N	Cl	44 Ol	Ol CC CO			ID'4 CO CO	CO c0 O CO			Oc IO O	O CO IO
															CD
	0 EE— 0 O CCIh0 4.			C4 ~4	IC	C9 I C4 CC	O C4 Ccl O	f'cf CD Ol CC		IO cD Cl C4				CO CO	OI O CO CV
		CI
	Ocr 'o g		i E	c4 CI CV	Cct	O I IOI	CO ICI O CD			C4 Ct CFI		CD CO C4		O I CC	CO CFI
	O	CIN C0L 0 0					CC							CV
	'O Ol C L al Clrr			N0 CC					ID Cl CO					Cl O	O Ol Ccl
	CC 0	4I g							CI	CD 'cf CC				I IO Ccl	CO cf IO
									CO		CFI0
									4l0L 4l Cl	OI0 0 L	Cl Cl N
									IC
0 Cl CJ l4 4Irf CC O						N IC 0	O IO IO CI 0 ID IC Cl		I4 Cl O Cl c0 Ol C C Cl	Cl CC Cl N 0 O 0 D. O. N 0 4l IO CD	Fl0 O 4I O C Cl E Cl 0 CO 0 Cl 0 CD		I Cl IO C ~E	I4 O 0 L D	IC '0 Cl 5 N 0 CL'

		D 4t C C0 O		9 0 I	O C(f CI CLC		Ol	IA Af	(0 O O Ol	CO IA CQ CQ	O 'll O Ol CQ IO	CQ I 0 CV	Ql Cl		I I CLI	'Cl Ifl O Ol (0 CQ C«l	CO CI
								CQ	Ol	CQ	CLI					IXI
									CQ	IA D	O		CI CLI IA		Ol («I	O Ol	CI IA
						IL
				C 4I E 0	(4 IQ		IA I I	(0 '«I Ol IA			IO CQ	Cb(9			CII I I CLI CO («I	I OI I I I
				CL	C
				E
				C
				p«		E		CLI
				EE— 0 Cl0 IL			CIL	(0 CQ
				O
					CI
				C"4l Ql e ILIA				Ch IA	CQ CI f						O CII CO	(9 D
				Ql LEO. e O 44(L				Ol	CI						«f	O CLI
					0	e
				'0 C nl	ol C 'e		CQ	IA	IA OQ	(0 IA	CQ	CQ CLI O			IA CQ	O IA	IO CC
				C (4 Ql	44 0 Q		CQ IA CQ	Ol	CQO IA		CQ IA	CQ CLI	CI I		IA CLI	Ol	fCI
0
V) Z Z camo0 Ill~ ~ l- cn g Z I- l ) Z z ~2 I- 0 5 +~ )ge lE.'5 -I Oa— II ~O 05Z zD~ III Q I- ~z ~Cp OZm I-p 5 LU 0 ~OI- CO CE,'2	Cf 04 0C O O ILI 0	IQ Ql 'C 0e 4l 8 e0	Cl CLI CLI I QlS '0 Ql'0L Ql I IQ 4I 4l 0 IL				IQ IQ 8 8 m (0	0 4I '8 C IQ Ql IQ'0 IQ Ql 'o «C		CQe0C Cl Cl IQ III Cl 8 0 Ul C'6 C C Ql (3	OI Cl (Q Ql Cl0 4I C III 0 cl Cl Ql IQ0 Ih 0 0 8 0 E CL Ql o. 0 IQ Ol «« 0 0 Cl IQ e E (0 0)			Vl Co e 0 AC4Q « CQ Cl Yl C 4l e Ql c c e

		Health and	Community	Criminal	Covid-tg	Total
		Wegbeing	Development	Justice
			Programs	Programs
Grants to institutions:
Brighter	Living	82,972				82,972
Netherton	Feelgood
Factory		156,872				156,872
Citizens Advice SeRon		97,419				97,419
Onward	Homes	85,736				85,736
Sefton Carers Centre		20,395				20,395
Conquer	Life	20,000				20,000
Netherton	Park	18,257				18,257
Parenting	2000	13,850				13,850
Other grants between
f10,000	and F4,000	95,523				95,523
Other grants less than
f4,000		112,581	3,311	94,115	116,646	326,653
		703,605	3,311	94,115	116,646	917,677
Prior year
		Health aod	Community	Criminal	Covid-1 9	Total
		Wegbeiog	Development	Justice
		f	Programsf	Programsf
Grants to institutions:
Brighter	I iving	109,725				109,725
Feelgood	factory	162,000				162,000
May Logan		146,976				146,976
CAB		167,004				167,004
Sefton Carers		34,956				34,956
Other grants less than
f4,000		90,906		105,891		196,797
		711,567		105,891		817,458

9	Support and	governance	costs
			Managementf	Financef	Adminf	Governancef	2021f
	Health and Wellbeing		104,886	65,200	70,869	42,521	283,476
	Children, Young People
	and Families		1,316	818	890	534	3,558
	Community
	Development	Program	11,712	7,280	7,913	4,748	31,653
	Unemployment
	Initiatives		51,515	32,023	34,807	20,884	139,229
	Criminal Justice
	Program		23,621	14,683	15,960	9,576	63,840
	Covid-1 9Projects		14,862	9,238	10,042	6,025	40,167
			207,912	129,242	140,481	84,288	561,923
			Managementf	Financef	Admin f	Governance	2020f
	Health and Wellbeing		69,137	42,977	46,714	28,028	186,856
	Children, Young People
	and Families		16,609	10,325	11,222	6,733	44,889
	Community
	Development	Program	34,753	21,603	23,482	14,089	93,927
	Unemployment
	Initiatives		97,297	60,481	65,741	39,444	262,963
	Criminal Justice
	Program		47,926	29,791	32,382	19,429	129,528
			265,722	165,177	179,541	107,723	718,163

Revaluation	of	investments
Gain/(loss)	on	sale ofinvestments

Unrestricted	Unrestricted
funds	funds
2021f	2020 f
128,384	(17,127)
8,709	2,644
137,093	(14,483)

11	Auditor's remuneration	Auditor's remuneration
	The analysis ofauditor's		remuneration	is as	follows:
	Fees payable tothe	charity's auditors:					2021f	2020f
	Audit ofthe charity's	annual accounts					7,700	7,370
	Non-audit services
	All other non-audit services						1,660	3,346
12	Employees
	Number ofemployees
	The average monthly	number ofemployees			during the year was:
							2021	2020
							Number	Number
	Employees (excluding	seconded and		Sefton	Healthwatch	staff)	96	97
	Employment costs						2021f	2020f
	Wages and salaries						1,523,410	1,497,869
	Social security costs						170,226	155,167
	Other pension costs						174,096	158,753
							1,867,732	1,811,789

Included within payroll cos	ts are redundan	cy and simila	r payments of63,728 (2020	:f7,875).
The number ofemployees	whose annual	remuneration	wasf60,000or more were:
				2021	2020
				Number	Number
f60,000tof69,999				1	1

14	Tangible	fixed assets	fixed assets
					Leasehold	Office	Total
					improvements	equipment
					5	8
	Cost
	At 1 April	2020			20,472	185,472	205,944
	Additions					4,500	4,500
	Disposals					(173,330)	(173,330)
	At 31 March		2021		20,472	16,642	37,114
	Depreciation		and impairment
	At 1 April	2020			4,027	181,620	185,647
	Depreciation		charged	in the year	887	3,355	4,242
	Eliminated	in	respect ofdisposals			(173,330)	(173,330)
	At 31 March		2021		4,914	11,645	16,559
	Carrying	amount
	At 31 March		2021		15,558	4,997	20,555
	At 31 March		2020		16,445	3,852	20,297

Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
Cost or valuation
At 1 April 2020	449,344	5,352	454,696
Additions	48,161		48,161
Valuation changes	128,386		128,386
Cash movement		(916)	(916)
Disposals	(37,984)		(37,984)
At 31 March 2021	587,907	4,436	592,343
Carrying amount
At 31 March 2021	587,907	4,436	592,343
At 31 March 2020	449,344	5,352	454,696

17	Financial instruments	Financial instruments							2021	2020
										8
	Carrying amount	of	financial			assets
	Debt instruments	measured			at	amortised	cost		1,088,530	641,818
	Instruments measured			at fair value through				SOFA	587,907	449,344
	Carrying amount	of	financial			liabilities
	Measured at amortised			cost					111,307	116,560
18	Debtors
									2021	2020
	Amounts falling	due		within	one year:				6	6
	Trade debtors								199,567	380,935
	Other debtors									1,002
	Prepayments and	accrued income							65,388	60,193
									264,955	442,130
19	Creditors: amounts		falling		due within		one year
									2021	2020
									6	6
	Other taxation and social security								48,290	45,481
	Trade creditors								13,229
	Other creditors								87,211	94,553
	Accruals and deferred			income					10,867	22,007
									159,597	162,041

Funder	Balance at 1	Received	Expenditure	Balance at 31	Balance at 31
	April 2020			March 2021
	E		E	E	E
Pay it forward	1,638				1,638
Liverpool CVS	3,000		(3,000)
	4,638		(3,000)		1,638

	2021	2020
	E	E
Within one year	50,000	60,000
Between two and five years	157,500	207,500
	207,500	267,500

23	Related party	transactions
	Remuneration	ofkey management		personnel
	The remuneration of key management				personnel	is as follows.
							2021	2020
							6
	Aggregate compensation						275,662	257,241
	No remuneration	was paid to any	trustee during			the year	(2020: None).
	No guarantees	were given or received.
	There were no	other disclosable	related		party transactions		during the year (2020- none).

	EP Cl IP0 CC0Ct0 II=0		4 cc 4I0 4 N LL IC Cl Itl g 44	4 cc 4I0 4 N LL IC Cl Itl g 44	44 4I	CP CP CO CO	I CO 0 IA	IA EO 0 I 41 CV	Ol CP CP	Ol 41 PC CV
	IP0.
	N
	N	Pl 'D
	L0	8 4 C	E DL			O Ol Ccl Ol	CO EC Ol	Ol O	CC0 IO	0 CP EO	CEI IA Ol	CO CI
	0	C	g						IO EO			CI
	EP C IPh	E PI Pl04 E			4I	COI 0	0 0 0	o IO 0				PC
	1P IP		0			CC I	Pc IA	O IA Pl
	IPC0
	PlC0 1P 0		Ea 4I0 4 CC 0 Cl D 4 Cl.		44	CC I CO CEI	PC IA	CP CP CO	CEI EA CEI	CEI IA O
	Cl 8		pl	EC
	IP
	IP0 10 IP 'D C		I-clI-			CP O		IA IA0 Ol	EC CP	O0 O
	IP Cl.	N'0
	IC ClL	5 ID	E			O IO	P& O	EO EIE	Ol	cO Ol
		C					I O	I	I	cO0		IA CI
						Ch	CEI		I	OE		Ol
									I			EO
												CEI
	O
							'
	IP		E			CO I EO		IA Ol	Ol O	CO O Ol		I
	Dl C					CV0			IA	Ol		CO EO
	tP								I			CO
	CCE00 N 'Cl '0		cl 8 cl Yl Pl	PI EV0 4 ~I	4I	IA Pc ~0 CO CO	CO CEI CP PC	CP IA CP	Al IO	IA 0		CI IA Cl CO
	Cl
	Cl 'C
	IP
	Cl
	Cl 'D
							IP
	TlC						Pl E	PlE Pl
	0 0 Cl						IP CL 1PC Pl Cl	DI0 Q. C Pl	EP0	Cl m
	0 Ih					cp C	CL Cl Q.		IP 'E	Dl CI CL
8 IN	C 4 ClE 00 C Cl					C IP C Tll0 Z	Dl 5 L 0 'D CE U	C C E0 U	C E a D	PI IPC E O	'& U

			N0 Cl0a		Cl 0 0 IC W IO	0 0I 0 g	LO O CD CD CD CC	ICI IA LD LD N	ID ID CD	cO 00 00 Ol	CII CD I IO I	I CD	Cl
			0.0 4=0 Cl		L4I N0 CI								Cl CD CL	CI 'cl 00 'clI
			DL
			I0
			0 Cl IP0	Cl) c	ic a					LO	0 ID CO N	CL CL	CI CI N CD	CI CL IO LO IO
			IP
				E	OI
			J0 CC'0c		E 8								N CI C0	N 00
			0 Clc 0		0 CL Cl 0 CC jy CD	0 N D CC CL C	LO N I IO	CD CO CO ID N	IO IO CD	N	Ol Cll CD 00	I 'ct
			0 Cl 13 I0 Dl		00 0		LA 00	c	CD LO LA	00 'cl' 09	L	c
			Cl0
				L0
			Dl
			Cl Cl L4	c c	0 a			CO		N CO CO LA N	CD 10 '\I'	CD N IA CO
				E	Io
				Cl
0				0 K	E 0					Ol	CD I
o 5 ) 2 UI 2 CO ILI8 ), UI ~ I- m g z i- zing			0 Clc00 l0 Cl Ol 0		j 0 4I 00 0	CC 0I 0 '0 a	CD O LD	00 N CD N	LA IA IO 'cc	CD IA ID CD CO OI CO	CD N Oc OI 'cl	I Ol
	04		4l
ADER oe+ )gv) ESi oa~ UJI- g O~z ZD)iU OOz* o2 o) U.I-P iU IU O ~ IO C(Z	0 Ci Ci UJ 0	C0c 0 00 Olc oc C0 Olcc	Cl 0c Ol 0 Cl 0 CC 'tlc ClE 00c 4I I-				'0c U. 0 000c 0 0 U 0 '0 S '0 Cl CC'	tl c 0 10 4l IC LE	D c c CL LLc c o 0 E 0 C4 4l I—0 0 Cl 0.		'0c CLc0 c E CL Il 0 4I c Cl E CI LL 4lE Cl.0 a c 8 0 00'=a C4 4I L00.— 0

W CI		O Cl	4l	I Ol N	CO Ch CO	CO CO	CO
				O	CC IO	'CC OI lfl	Ol Cl Cl
hl	lh 13	O	Ccl
CJ Vl	g	ClN
hl
hl hl	hl U0	O NON	Ccl	I Ol N O	N CO IA Ol
Ol				N	I
lh4I					CO
CI
CI ID	hl CI	O N CI	4I		O	CO IO
		N			IO	Ol
0
T50		N CI N	IIJ	O	N Cb	Ch CO	CO Cl
							CO
'0 hl 0	lh '0	N CI N	CIJ			CO CO
						IO
WN						hh
'0	lh	Ch	CCJ	IO IO	CO IO
Ch		ClN		IO O	N
N
'0 4I	hl '0	N ClN	Cll		CO Ol CO	N NO IO N	Cl
N
D

27	Cash generated from operations	Cash generated from operations			2021	2020
					6
	Surplus/(deficit) for	the year			593,172	(111,323)
	Adjustments for:
	Investment income	recognised in	SOFA		(7,839)	(10,860)
	Gain on disposal of	investments			(8,709)	(2,644)
	Fair value gains on	investments			(128,384)	17,127
	Depreciation and impairment oftangible			fixed assets	4,240	5,934
	Movements in working capital:
	Decrease/(increase)	in debtors			177,175	(241,799)
	(Decrease)/increase	in creditors			(2,444)	24,765
	Cash generated from/(absorbed		by) operations		627,211	(318,800)