AYLESBURY WOMEN'S AID {A company limited by Guarantee) FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 MARCH 2021 V CQAfDD f.C.J. C'fiartere&Accor4ntant rTrVTAf
AYLESBURY WOMEN'S AID {A company1Smited by Guarantee) DIRECTORS, REPORT and REPORT of the TRUSTEES The directors (who are also the Trustees of this Registered Charity} present their port and financial statements for the year ended 31, March 2021. DIRECTORS AND TRUSTEES The directors of this charitable company (the charity) are its Iwstees for the purpose of charity law and throughout this report are collectively referred to as the directors, The present directors who have served dtsring the year, and who are the only members of the company, are as follows". All directors are subscribing member5 of the charity whose liability is limited lo £1 each. SECRETAR Y REGISTERED OFFICE 21 Dean Forest Way Broughton Milton Keynes Bucks AIIK10 7AD ACCOUNTANT R J Cladd FCA Chartered Accountant TRUTAX 21 Dean Forest Vvay 8roughlon Milton Keynes Bucks MK10 7AD CHARITY NUMBER- 1054308 COMPANYNUMBER- 03155260
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPOR T and REPOR T of the TRUSTEES (continued) CONSTITUTION AND PRINCIPAL ACTIVITIES The company is limited by guarantee. The directors of the charitable company are its trustees for the purpose of the Charity Law. The company was incorporated and registered as a charity to take over the operations, assets and liabilities of the charity Aylesbury Women's Aid. The company's principal activities are to provide plaS of refugè, advice, support and advocacy for women and their children who are the victims of domestic violence and abuse, and to provide or assist in the provision of such medical, legal and other assistance as may by required. GOVERNING DOCUMENT Aylesbury Women's Aid is a company limited by guarantee, registration number 3155260, Charity nurnber 1054308. The charity is governed by its Memorandum and Articles of Association dated 5 February 1996, as amended 1, October 2014. The financial slatements have been prepared in accordance with the Companiès Act 2006., the Charities Acts 1993 arid 2011, and Regulations,. the company's Memorandum and Articles ofAssociation and the Statement of Recommended Practice, Accounting and Reporting by Charities SORP FRS 102. TRUSTEES The board is made up of trustees who meet on a monthly basis. Trustees are drawn from a wide variety of backgrounds and we seek to recruit to the role those with a women cenlred perspèctive that have something positive to offer the service. REWEW OF ACTIVITIES The Trustees have referred to the Charity Commission's Guidance on public benefit when reviewing the aims and objectives of the charity, and planning future activities. These aims and objectives are working towards and promoting the prote¢tion of women and children who have suffered from, or are exposed lo, gender based violence by offering safe, temporary and emergency accommodation. as well as practical and emotional support within the refuge and through outreach in the local community. This is achieved using an equal opportunrties approach incorporated in a women centred philosophy. Our Aims: to meet the needs of women, young people and children affected by domestic violence to empower women who have been affected by domestic violence Cont on pjge 4
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPORT and REPOR T of the TRUSTEES (continued) to provide services run by women that are based on listening to survivors lo make appropriate information available to those in need in an accessible way to encourage and enable women to make their own choices and support them in doing so to encourage wofnen to take an active role in the development and management of their own projects to encourage self-help and to celebrate the SucsS of each individual to challengè discrimination, prejudice and the disadvantages which resull from domestic violence lo support diversity. inclusion and equality of opportunity to promote cohesive inter-agency responses to domestic violence and develop partnerships lo promote and provide research, public education and training on the prevention of violence and abuse Services Due to the COVID-19 pandemic, services were operating on a restricted basis, this meant that the refuge was unable to accommodate as many families as in previous years due to the refuges being shared accommodation. Staff were initially working from home at the beginning of the financial year however it was quickly decided that some staff needed to be on-site at the refuge. OutFeach Services were able to operate almost at the same level as normal whilst working from home as they were using remote contact with clients. In the year 1, April 2020- 31, March 202138 women and 48 children were accommodated in the refuge. This year the figures were lower than previous years due to the pandemic and the unavailability of rooms as we needed to be cautious when taking new residents in because the buildings are shared accommodation. The average length of stay was 4.2 months, again due to the pandemic residents were not able to access move on accommodation which meant that they stayed longer at the refuge. Aylesbury Women's Aid found refuge in other areas for 23 families either because there was not space available but usually because they were not safe in Aylesbury, This figure is once again lower than previous years due to increased contact from agencies le.g. Housing, Social Care) requesting direct contact numbers for refuges outside the Aylesbury Vale. This has resulted in a lower number of Space found full referrals. 73 families from olher areas were refused refuge space in the refuge due to there being no availability. This figure is slightly lower than the previous year. We believe Ihat allhough external seNices, such as Social Care and the Polic& do not have access to Routes to Support which is a live database of refuge spaces across the UK conf on page 5
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPOR T and REPOR T of the TRUSTEES (continued) which can only be accessed by Domestio Violence Services, referrals were not made by those that do have access as they would have seen whether there was space available. 7 women were refused space due to their high needs and the lack of resour$ to support them. Children who were resident in the refuge with their mothers or female carers received specialist inlervenlions to allow them to work through their experience of domestic violence and abuse. The child development worker engaged the children in specialist play in structured groups, and in one-to-one sessions, monitoring their reactions, developmenl and behaviour. Support was also available lo access school and nursery places. In the year ending 31, March 2021 the service was made available to 48 Children. Aylesbury Women's Aid were rated by OFSTED as good in 2016. Specialist groups using the WAFE national 'Helping Hands, model were provided for children ages 5- 11 years who had witnessed or experienced domestic violence and abuse. The programme aims to increase children's understanding of feeling safe and to explore and promote behaviour which will contribute to a safe environment. During the year. and due lo schools being closed or not allowing external visitors there were only 7 programmes run in primary schools. 39 children attended these. Aylesbury Women's Aid were unable to provide awareness raising around healthy relationships lo young people in the community and in schools as 2 result of the pandemic meaning that no workshops and programmes around this were available. The youth service however provided one to one work with 39 young people aged between 11 and 18 around issues of living with domestic violence or being in an abusive relationship. This work lasted for an average of six sessions per young person. The emergency Out of Hours service that covers the whole of Buckinghamshire received 134 calls. The majority of calls were around support issues in the refuge and women s8eking accommodation andlor advi. During the last year 201 women used the Outreach seNice, the average length of time that a woman uses the Outreach service is 17.5 weeks. 62 women used the counselling setvice. The weekly Bucks dynamic Multi Agency Risk Assessment Conference (MARAC) was held remotely during the pandemic rather that in the large meeting room on site which is also used for training and awareness raising sessions. The Independent Domestic Violence Advisors (IDVA) service saw an increase in the amounl of ¢lients lo the previous year- 250 women and 10 men. An IDVA works from the DAIU (Domestic Abuse Investigation Unill on a daily basis to enable swifter Cont on pag& 6
A YLESBURY WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPOR T and REPORT of the TRUSTEES (continued) intervention and referrals to the IDVA servi. Due to this work the IDVA at the police slalion was able to offer support to a further 338 people who declined to be referred to the service as they fell that the support that they had received from the worker at the police station was sufficient. The support offered to IDVA clients that engage with Aylesbury Women's Aid IDVA seNice in¢luded telephone and face lo face support and advocacy including supporting clients in family and crsminal courts. Due to the pandemic The Freedom Programme ( a programme to help women understand their experiences of domestic violence) was not run in group settings however women were referred lo the online version if they wanted to partake in the programme. 640 of all clients were white British with the remaining 360/0 coming from a wide variety of ethnicities. All staff members undertook various online training throughout the year including Prsvent, GDPR, Fire Awareness and Emergency First Aid at Work. Al the end of March 2018 the three year contract held by Aylesbury Women's Aid in collaboration with Wycombe Women's Aid, for domestic violence services in Buckinghamshire was completed and we were awarded an additional 2 years lo this contract. The third year of a contract with Aylesbury Vale District Council for Outreach Work was carried out successfully and we were informed that funding for this had been extended until March 2022. Funding from the Lloyds Foundation for three year period entered it's final year in July however this was extended lo December 2020. Funding was sought from a number of organisalions offering financial support during the pandemic to cover loss of income as well as purchasing items to safeguard staff and clients against COVID. We were extremely fortunate to have been awarded thes8 grants. Financial Risk Management These will primarily be achieved through nine types of a¢livity.' Business and Development Planning Establishing an annual budget - and reporting and monitoring income and expenditure Maintaining a Risk Register that covers financial and other risks Gont on p&g6 7
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPORT and REPOR T of the TRUSTEES (continued) A system of delegatèd authorities regarding financial management The process of an independent examination of the annual accounts and an audit when necessary Processes relating to risk assessment of financial matters Established office procedures A reserves policy Statement of Investment Powers Risk assessment will be managed and monitored on three levels.. Areas of financial risk which are known to the organisation and measures to address these will be presented lo the Management Group annually. If any Managemont Group member feels that there is a pressing risk posed by one ofthe areas, she should request that that area appear on the agenda regularly until the risk subsides Any unforeseen areas of financial risk emerging. or any circumstances arising unexpectedly and presenting a potenlial risk to the Organisation, will be immediately reported to the Management Group as soon as the Head of Services or any Management Group member becomes aware of them, An example of this would be a grant being discontinued Where this occurs a paper will be presented to the Management Group clearly setting out the details. Equally, where an unplanned, unforeseen Servi development opportunity arises because funding has been made available, this should be brought immediat8ly to the attention of the Management Group. A Business Continuity Management Policy, procedure and guidelines are in place lo cover loss of use of buildings and long term sickness of members of staff. Cont on page 8
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) DIRECTORS, REPOR T and REPOR T of the TRUSTEES (contlnued) TRANSACTIONS AND FINANCIAL POSITION There were total incoming resources of £933,402 {2020 '. £859,823). However the tunding included £251,320 to be paid to our sub-contract colleagues at Wycombe Women's Aid. Expenditure by ourselves on restricted activities was £405,637 {2020 .- £414,342), Direct charitable costs were £180,441 (2020 . £174,414). Funds in hand as at 31" March 2021 stood at.. General Funds £312,397 12020 . £277,145). Restricted Funés £178,152 {2020 £117,400). RESERVES POLICY The directors have established a policy whereby the unrestricted funds I'thg free reserves") held by the company should be approximately 3-6 months of essential resources expended, which equates to £45,00010 £90.000. The unrestricted reserves at 31, March 2021 were more than this (see above), which the directors consider very satisfactory. GOING CONCERN The Directors are ofthe opinion that the company remains a Going COnrn. The fact that there are Risks has been highlighted, and the company does receive significant government grants. However, the Directors are of the opinion that in the event that local authority funding may cease, the Refuges will continue to function, and the company will be able to continue to meet It's objectives, and remain a Going Concern. INVESTMENT POWERS Under the memorandum and Articles of Association the company has the power to make any investment. which the directors feel fit. SMALL COMPANYEXEMPTIONS The above report has bÈen prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. Signed on behalf of the board of directors. Company Secrotary DATE..
CHARTERED ACCOUNTANT'S REPORT to the BOARD ofDIRECTORS On the Unaudited Financial Statements of A YLESBUR Y WOMEN'S AID In order to assist you to fulfil your duties under the Companies Act 2006, 1 have prepared for your approval the financial statements of Aylesbury Women's Aid for the year ended 31, March 2021 which comprise the In¢ome Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me. I have also carried out an Examination of the books and records and transactions of the charity. As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), l am subject to ils ethical and other professional requirements which are detailed within the ICAEW'S regulalions and guidance at htt './.1CaeW.c0MIenImernber$h1 Ire ulalions-standards-and- uidance. This report is mad6 solely to the Board of Directors of Aylesbury Women's Aid as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements ofAylesbury Women, Aid and stale those matters that I have agreed to state to the Board of Directors of Aylesbury Women's Aid as a body, in this report in accordance wilh ICAEW Technical Release 07116AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Aylesbury Women's Aid Board of Directors, as a body, for my work or for this report. It is your duty lo ensure that Aylesbury Women's Aid has kepl adequate accounting records and lo prepare statutory financial statemenls that give a true and fair view of the assets, liabilities, financial position and profit of Aylesbury Women's Aid. You consider that Aylesbury Women's Aid is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit. For this reason my Report is abbreviated. I have examined the accuracy and completeness ofthe accounting records and information provided to me. I have also checked the accounting information and standing data in the DirectorsruStees Report is consistent with the financial statements, and records at Companies House and the Charity Commission, but I do not, however, express any opinion on the statutory financial statements. Roger J CLADD, FCA TRUTAX 21 Dean Forest Way Broughlon Milton Keynes, BuGks MK10 7AD Date-.
A YLESBURY WOMEN'S AID (A company limited by Guarantee) Income & Expenditur• Account, and STA TEMENT OF FINANCIAL ACTIVITIES sr FOR THE YEAR ENDED 31 MARCH 2Q21 2021 Unrestricted Funds 2020 Restricted Unrestricted Funds Funds Restricted Funds INCOMING RESOURCES Income and Endowments from.. Donations Charitable Activities... Rent & Service Charges Wycombe Women's Aid... fees Grants.. BC IAVDCI 24,747 5000 7,506 128,325 12,565 174,052 12,565 28,500 623,235 14,672 28,500 610,123 BC (grossed up for Wycombel TVP Ministry of Housing & Local Govt Heart of Bucks Lloyds MK WA Project Investment Income other Income 2,112 26,718 10,000 6,250 4,085 156 735 46,302 25,000 1493 584 TOTAL INCOMING RESOURCES 215,693 717,709 196,200 663,623 Ex endilure on". Charitable activities General linc. Housing) IDVA Qutreach Children's & Family Projects To Sub-conlraclor {Wycombel'. (from BC) 180,441 161,010 187,178 57,449 174,414 152,125 210,661 51,556 251,320 251,320 TOTAL RESOURCES EXPENDED 180441 656,957 174,414 665,662 NET INCOMING RESOURCES 35,252 60,752 21.786 -2,039 Fund balances brought fOard 277.145 117,400 255,359 119,439 Fund balances ¢arried forward £312,397 £178,152 £277, 145 £117,400 10
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) sr BALANCE SHEET ASA T31 MARCH 2021 Notes 2021 2020 FIXED ASSETS Tangible Assèts 176,100 174,948 CURRENT ASSETS Debtors Cash al bank and in hand 18,268 476 766 495,034 19,311 361242 380.553 CREDITORS.- amount$ falling due within one year 61,187 36,901 NET CURRENT ASSETS 433,847 343,652 TOTAL ASSETS LESS CURRENf LIABILITIES CREDITORS.. amounts falling due after more than one year 609,947 518,600 119,398 124,055 NET ASSETS £490 549 £394 545 The FUNDS of the CHARITY.. Unreslricled funds Reslricled funds 312,397 178,152 277,145 117,400 £490,549 £394,545 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31, March 2021. The members have not required the company to obtain an audil of its financial statements for the year ended 31, March 2021 in accordance with section 476 of the Companies Act 2006. Contonp...
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) ST BALANCE SHEET AS A T 31 MARCH 2021 Continued The direclors acknowledge their responsibilities for.. a. Ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and b. Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profrt or loss for each financial year in accordance with the requirement of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as is applicable to the company. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors on and were signed on their behalf by.. TRUSTEE and DIRECTOR 12
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED ST 31 MARCH2021 1. ACCOUNTING POLICIES Accounting convention The financial stalemenls are prepared under the Historical Cost Convention and in accordance with the Statement of Recommended Practice, A¢¢ounting and Reporting by Charities ISORP FRSI 02). The principal accounting policies adopted in the prèparation of the financial statements are as follows.. (al Goin Concem The financial stalements are prepared on the basis that the company is a Going concern. The Directors know of no present threat to this status. A Budget has been prepared lo March 2022 which shows projected income should equal projected expenditure. {b) Incomin resources Incoming resources are mainly Grants, or Refuge Rent Income and relate wholly to the continuing principal activity in the United Kingdom. Grants are recognised in full in the Statement of Financial Activities in the year in respect of whi¢h the company is entitled to them, and they match with the expenditure they contribute towards. Other income is recognised on an accruals basis or in the case of the limited number of sales, on the date of sale and invoicing. Donations are credited to the unrestricted funds when reiVed or the receipt is without doubt. (c) Reserves The unrestricted funds are expendable at the discretion of the trustees in the furtherance of the objects of the Charity. Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 13
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED sr 31 MARCH 2021 1. ACCOUNTING POLICIES (continued) (dl Resources ex ended Resources expended are included in the statement of Financial Activities on an a¢cruals basis. Certain expenditure is directly attributable to restricted activities and has been included in those cost categories. le) Tan ible fixed assets and de reciation Fixed assets are recorded at cost, less depreciation. Depreciation is provided al rates calculated lo write off the cost. less estimated residual value over the expe¢ted useful life of each asset as follows.. Freehold Buildings Motor vehicles Office equipment 50 years straight line 25D/o Straight line basis 25 /0 Straight line basis Grants or donations specifically for the purchase of fixed assets are credited to the restricted fund reseNe when received or Ihe receipt is withc)ut doubt. Any depreGiation is charged against the restricted fund. 14
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED ST 31 MARCH 2021 2. RESTRICTED GRANTS The BC Grants include £26,017, full year, for an IDVA Youth worker, and £13,112 for a Dispersed Unit Worker. 3. TOTAL RESOURCES EXPENDED 2021 2020 (Unrestricted and Restricted Funds) (Excluding Wycombej Staff Costs {note 4) Rent, Rates, Light & Heat & Household Expenses Vehicle & Travel Expenses Other Direct Expenses Printing, Postage, 'Phones. Accounts and Books Depreciation Training Bank Interest & Charges Other Expenses 422,006 433,798 107,402 4,627 5,899 97,283 6,552 3,769 28,428 4,027 2,711 5,082 5,896 28,528 2,732 1,701 7,411 £ 586,078 £ 588.756 15
A YLESBUR Y WOMÉN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED ST 31 MARCH 2021 4. STAFF COSTS The costs incurred, in respect of employees were.. 2021 2020 Wages and salaries Employerfs N.1. Contributions Recruitment Expenses etc Pension contributions 386,144 30,813 166 4,883 395,273 32,400 611 5,514 £422,006 £433.798 No remuneration was paid to trustees in the year, and no significant costs were reimbursed lo Ihem. The average weekly number of staff employed by the charity during the year as was follows.. 2021 2020 Direct Charitable work Administrative 15 15 18 18 2021 2020 Management Salaries were as follows., Highest paid Other (21 35,765 57,769 34,538 51,317 16
A YLESBUR Y WOMEN'S AID (A Company limited by Guarantee) NOTES TO THE FINANCIAL sfA TEMENTS FOR THE YEAR ENDED sr 31 MARCH 2021 5. NET INCOMING RESOURCES FOR THE YEAR These are stated after charging=" 2021 2020 Depreciation £4,027 £2,732 6. TANGIBLE FIXED ASSETS Freehold Pro ert Office ment Motor Vehicles Total COST: Balan¢e at 31 sl March 2020 Additions Ihis year Disposals 205,000 37,384 5,179 38,371 280,755 5,179 Cost al 31 st March 2021 205 000 42,563 38,371 285.934 DEPRECIATION.. Balan al 31 st March 2020 Charge in year Disposals 30,052 2.732 37,384 1,295 38.371 105,807 4,027 Balance al 31st March 2021 32,784 38,679 38,371 109,834 NET BOOK VALUE: At 31st March 2021 £172,216 £3,884 £0 £176,100 Al 3151 March 2020 £174,948 £0 £0 £174,948 Note-. Freehold Buildings Depreciation is being charged on an amount of £136,600. There are no Capital Commitments at 31 March 2021. 17
A YLESBURY WOMEN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL sfA TEMENTS FOR THE YEAR ENDED ST 31 MARCH 2021 7. DEBTORS 2021 2020 Prepayments and accrued income £18,268 £19,311 8. CREDITORS." amounts falling due within one year 2021 2020 Bank Mortgage Loan lsecuredl Creditors and Accruals Taxes and social security costs Deferred Grant Surpluses Miscellaneous 3,850 14,082 6,581 34,318 2.356 3,850 8,823 7,655 13,935 2,638 £61.187 £36,901 The Bank Mortgage Loan, repayable in instalmenls, is for a temi of no more than 30 years from 2009, at a minimum interest rate of 40A. It is secured on the Freehold Property. Income has been deferred in respect of those Grants which are paid in relation to a lime period. 9. CREDITORS.. amounts falling due after more than one year 2021 2020 Bank Mortgage Loan (secured) 119,398 124,055 Of this, the amount of the instalmenls which are payable after five years is £105.200 (2020 -. £109.050). 18
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED sr 31 MARCH 2021 10. OTHER COMMITMENTS At 31 March 2021 the company had annual commitments under operating leases as set out below.. Due within 1 year Due in 2 to 5 years Due in over 5 years Main House Town Offi 46,000 15,000 184,000 60,000 no estimate no estimate Note.. The Lease ofthe main house is for an undefined term. The rent is increased by a factor for inflation each year. The Town Office lease expires in January 2023. It is unrtain if it will be renewed by the Landlord. 11. RELA TED PAR TY TRANSACTIONS There were no related party transactions. The Trustees re1ve no remuneration or significant reimbursed expenses from the charity. 12. COMPANY LIMITED B Y GUARANTEE The company is limited by guarantee without share capital. Every member of the company undertakes lo contribute such amount as may be required (not exceeding £1) to the assets of the company if it should be wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment ofthe company's debts and liabilities contracted before he or she ceased to be a member, and ofthe costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. 19
A YLESBUR Y WOMEN'S AID (A company limited by Guarantee) STA TEMENT OF CASH FLOWS for the year ended 31 March 2021 $t Total Funds 2021 Total Funds 2020 Cash flows from operating aclivilies.. Nel e8sh provided bylused in operating activities 125 360 Cash flows from investing activities.. Net cash provided bylused in investing activities Expenditure on Fixed Assets Gash flows from financing aclivilies.. Repayments of borrowing in year Nel cash provided by/use¢J in financing activities 5,179 4,687 4,156 Change in cash in the period Cash at the beginning of the period Cash 81 the end of the reporting period 115,524 361,242 476,766 17,975 343,267 361,242 Note.. Reconciliation of nel incomelexpendilure lo net cash flows from operating activities.. 2021 2020 Net income for the period per the Slalement of Financial Activities add.. Depreciation charges Ilncrease}Idecrease in Debtors Increa8ellDecreasel in Creditors Nel cash provided bylused in operating a¢livities 96,004 4,027 1,043 24,286 125,360 19,747 2.732 -3,099 2,753 22,133 20