| Contents | |
|---|---|
| Charityinformation | t |
| lntroductionby Chief ExecutiveOfficer | 2 |
| Objects andactivities for the publicbenefit | 2 |
| Reviewoftheyear | 3 |
| Leo's(updated)Story | 4 |
| Celebratingsuccess | 5 |
| Ourstaff- Aday inthe life ofCatherine, Senior ExecutiveOfficer6 | |
| Hopes and plansfor theyearahead | 7 |
| Financialresults | 8 |
| Structure,governance andmanagement | 8 |
| lmpact ofCoronavirus | 9 |
| Statementoftrustees'responsibilities | tO |
| Reportoftheindependentauditors | t2 |
| ConsolidatedStatement ofFinancialActivities | tG |
| Consolidated and CharityBalanceSheets | L7 |
| StatementofCashFlows | 18 |
| Notesto the financialstatements | 19 |
| Trustees: | A Brooker(Chair) |
|---|---|
| PSuter | |
| EEminson | |
| SRoberts (resigned t3/7/2Ll | |
| KEmmett (resigned 2213/27) | |
| Chiefexecutive officerandcompanysecretary:MA King | |
| Registeredoffice: | 7Kingscroft Court |
| Ridgway | |
| Havant | |
| Hampshire | |
| POg1LS | |
| Registerednumber: | 4622LA0 (England and Wales) |
| Registeredcharity number: | 7097440 |
| lndependentauditor: | Scott VeversLtd |
| Chartered Accountantsand | |
| RegisteredAuditors | |
| 65EastStreet | |
| Bridport | |
| Dorset | |
| DT6 3LB | |
| Bankers: | HSBCBankPlc |
| 118CommercialRoad | |
| Portsmouth | |
| Hampshire | |
| PO11EP |
| Ourimpact* | |||||
|---|---|---|---|---|---|
| ProJect | Numberof | Numberof | o/oAchievlng | %l-eavlngwith | %wlth |
| studentsfamilles/ | Year11 | level1 | placein | improved | |
| professlonals | leavers | Qualifications | Education, | attendance | |
| supported | Employment | and | |||
| or Trainins | engaEement | ||||
| Engage | 8 | 4 | too% | too% | too% |
| Post 16 | 5 | NA | NA | LOO% | too% |
| Mentoring | 22 | 5 | 95% | 100% | t00% |
| Mediation | 400 | NA | NA | NA | NA |
| cases | |||||
| Professionals | 25 | NA | NA | NA | NA |
| Trained(Levels | |||||
| 2-5&CPD |
| Risk | Controls |
|---|---|
| School couldfailtomaintain 'Good' | HeadofSchoolreportstoCEOweekly andtoSchool |
| Ofstedjudgementat next | Board of Governorstermlyon progress and |
| inspection | compliancewithOfsted standards. Twicemonthly |
| School meetingstakeplace;staffundergo observed | |
| teaching and feedback; systemofregularCPDin place. | |
| Regular'mock-inspections'commissionedtoensure | |
| standards are beinsmet. | |
| Difficulties recruitingandretaining | Established2yeartralnlngprogrammeofaccredlted |
| goodquality staff limitscapacity | awards |
| lncreased pay aboveindustrylevels acrossthe board. | |
| lncreased annualleaveentltlementtoaleve! | |
| comparablewlthcollegesofFE. | |
| Serloussaleguardlng incidents | Rigoroussafeguarding systemsinplacethroughoutthe |
| couldslgnilicantly impactrelerrals | organisation.Allstafftrainedwithregularrefresher |
| andpotentiallycloseour provlslon | courses.Deslgnated SafeguardingLeadappointedand |
| all managers receive advancedtraining whichis | |
| refreshed regularly. Safeguardingtrusteeisin place | |
| and regularstructuredmeetingstakeplace. | |
| Deliverycouldbecurtailed by | Seebelowforcontrols and contlngenciessuetothe |
| staff/studentinfectionwith the | Coronavirus. |
| Coronavirus |
| Notes | Total | Total | ||
|---|---|---|---|---|
| UnrestrictedRestricted | Funds | Funds | ||
| funds | funds | 2021 | 2020 | |
| ff | f | f | ||
| lncomingresources | ||||
| lncomingresourcesfromgeneratedfunds: | ||||
| Donations andsimilarsources | 208 | 208 | 772 | |
| Othertradingactivitie s | ||||
| Emsworth Outboards | 97,773- | 97,773- | 92,020_ | |
| LinkenholtCountrysideAdventure | ||||
| Charitableactivities: | ||||
| Grants receivedforactivities | 9,600 | 47,OOO_ | 56,600 | 16,900 |
| Feeschargedforactivities | 1,470,25L | 1,47O,251 | L,L57,Og9 | |
| lnvestment income | 6,532 | 6,532 | 5,483 | |
| Total incomingresources | t,594,364 | 47,000 | 1,63L,364 | L,272,264 |
| Resourcesexpended | ||||
| Costsofgeneratingfunds | 72,852 | 72,852 | 78,660 | |
| Choritobleoctivities: | ||||
| Educationalactivities | 1,368,514 | 9,059 | 1,376,583 | L,237,332 |
| Totalresources expended | 7,44t,366 | 8,059 | 1,449,435 | L,3Og,gg2 |
| Net movementinfunds | L42,998 | 38,93! | 181,929 | (37,7281 |
| Reconciliation offunds | ||||
| Total funds at1stAugust2O2O | 542,407 | 23,255 | 565,662 |
603,389 |
| Totalfunds at31st August 202L | 585,405 | 62,786 |
747,59L | 565,661 |
| ChangesinResourcesAppliedforFixed Assets | forCharityUse | |||
| Net movementinfunds | 181,929 | 137,7281 | ||
| Netresourcesinvestedinfixedassets | (2t6,L64) | {30,9071 | ||
| Funded by reserves andother fundingsources | 134,235)(68,535) | |||
| All amounts derivefromcontinuing activities. |
| BALANCESHEETS ASAT31STAUGUST2021 |
|||||
|---|---|---|---|---|---|
| Notes | Group | Charity | |||
| 2021 | 2020 | 2021 | 2020 | ||
| e | f | Ef. | |||
| Fixed Assets | |||||
| lntanglbleassets | 10 | ||||
| Tangibleassets | L7 | 520,6L7 | 335,752 | 5L2,7L0 | 324,579 |
| lnvestments | L2 | 30 | 40 | ||
| 520,5L7 | 335,762 | 512,740 | 324,679 | ||
| Currentassets | |||||
| Stocks | L3 | 4,41_4 | 5,851 | 534 | 534 |
| Debtors | L4 | 60,852 | 57,622 | L07,463 | 80,6L2 |
| Cashatbank andinhand | 457,422 | 346,405 | 423,374 | 330,636 | |
| 516,688 | 403,878 | 531.,31.L | 47L,782 | ||
| Creditors: Amountsfallingduewithinone | |||||
| year | 75 | (90,392l, | (87,5341 | (81,531) | (.65,9541 |
| Net currentassets | 426,296 | 322,344 | 449,780 | 345,878 | |
| Totalassetslesscurrent liabilities | 946,91.3 | 559,105 | 962,520 | 670,437 | |
| Creditors: Amountsfalling aftermore than | |||||
| oneyear | 76 | (199,3221 | (92,4451 | (199,3221 | (92,4451 |
| Net Assets | 747,597 | 555,667 | 763,198 | 577,992 | |
| Thefunds ofthecharity: | |||||
| Restricted incomefunds | 77 | 62,L86 | 23,255 | 62,186 | 23,255 |
| Unrestrictedincomefunds: | 77 | 685,405 | 542,405 | 70L,01,2 | 554,737 |
| Total charity funds | 747,597 | 555,661 | 763,!98 | 577,992 |
| STATEMENTOF CASH FLOWS ASAT31STAUGUST2021 |
|||||
|---|---|---|---|---|---|
| Notes | 2O2L | ||||
| ffEE | |||||
| Cashflow fromoperatingactivities | 20 | 200,858 | 25,871 | ||
| Cashflowfrominvestingactivities | |||||
| Paymentstoacquiretangible fixedassets | (276,164-) | (32,807-l | |||
| Paymentstoacquire intangible fixedassets | |||||
| Receiptsfromsalesoftangible fixedassets | 6,L89 | L36 | |||
| lnvestment incomereceived | 6,532 | 5,483 | |||
| (203,4431 | (27,7881 | ||||
| Netcashflow frominvestingactivities | |||||
| Cashflow fromfinancing activities | |||||
| Repaymentoflongtermloans | tt5,333 | (12,3241 | |||
| Repayment offinanceleaseliabilities lnterestpaid |
{7,74tl. | 14,998) | |||
| Netcashflow fromfinancingactivities | 707,592 | (17,322l. | |||
| Netincrease/(decrease)incashand cashequivalents | 105,017 | (18,6391 | |||
| Cashandcashequivalents at1stSeptember2020 | 346,405 | 365,044 | |||
| Cashandcashequivalents at31stAugust2021 | 457,422 | 346,405 |
| to write offthe costlessestimatedresidua | l valueofeachassetoveritsexpectedusefullife,asfollo |
|---|---|
| Freehold buildings | equalannual instalmentsover50years |
| Boats | equal annualinstalmentsover5to10years |
| Plant andmachinery | 25%onreducingbalance |
| Motorvehicles | 25%onreducingbalance |
| Fixtures andoffice equipment | 25%onreducingbalance |
| ReleasingPotentialEnterprises Ltd andReleasingPotential Linkenholt charity aloneis: |
Ltd. Thesummary performance | ofthe |
|---|---|---|
| 2021 | 2020 | |
| Ef | ||
| lncome | I,533,597 | 1,190,244 |
| Donations undergift-aidfromsubsidiary companies | 26,L4t | 7,625 |
| Othercharges madetosubsidiary companies | 651 | L,226 |
| L,560,383 | L,L89,095 | |
| Expenditure | L,375,L77 | L,229,639 |
| Net income/(expenditure) |
| Donationsandsimilar income | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | 2021 | 2020 | ||
| ff | f | f | |||
| Donations | |||||
| Receivedfromother charitable trusts | |||||
| Other donations | 208 | - | 208 | 772 | |
| 208 | - | 208 | 772 |
| Grantsreceivedforactivities | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | 2021. | 2420 | |
| €f | I | |||
| Covid Catch-upGrant Maurits MulderCanter Charity |
9,600- | 2,000 | 9,500 2,000 |
|
| Michael & BettyLittleTrust | - | 20,000 | 20,000 | |
| OakmoorTrust | - | 25,000 | 25,000 | $,00; |
| lrinityHouseMaritimeCharity | 1,900 | |||
| 9,600 | 47,OOO | 56,600 | 16,900 | |
| nvestment income | ||||
| Unrestricted | Restricted | |||
| funds | funds | 2071. | 2020 | |
| f | f | f | f. | |
| Bankinterest | 32 | 32 | 525 | |
| Rentsreceived | 5,500 | 6,500 | 4,959 | |
| 6,532 | 6,532 | 5,483 |
| 2021 | 2020 |
|---|---|
| f | E |
| 77,962 | 78,L64 |
| 890 | 496 |
| 72,952 | 78,660 |
| THE YEARENDED 31ST AUG Charitableactivities |
UST 2O2L | ||||||
|---|---|---|---|---|---|---|---|
| Direct 2021 |
costs 2020 |
SupportCosts 2021 2020 |
202L | 2020 | |||
| ff | €€ | t | f | ||||
| Activitycosts andequipment | 51,037 | 60,046 | 57,037 | 60,046 | |||
| Boat costs | 5,206 | 4,233 | 5,206 | 4,233 | |||
| Staff costsinctraining | 895,487 | 728,944 | 7g4,g4; | L87,82; | 1,079,828 | 916,768 | |
| lnsurance | L2,L72- | L2,8t2_ | L,352 | 1,424 | 73,524 | 14,235 | |
| Propertycosts | 97,540 | 85,064 | 87,540 | 85,054 | |||
| Office costs | 53,255 | 55,280 | 53,255 | 55,280 | |||
| Motorandtravelcosts | 36,L72 | 34,529 | 36,L72 | 34,529 | |||
| Depreciation | 25,2t3 | 27,524 | 25,2L3 | 27,524 | |||
| Profit(loss)onsaleofassets | (3,367 | L,567 | 13,367) | L,567 | |||
| Finance charges andinterest | -l | _ | 7,74L | 4,gg; | 7,74L | 4,998 | |
| Governance costs | |||||||
| Staff costs | L4,269 | 15,257 | 14,268 | 15,257 | |||
| Auditor's remuneration | 6,969 | 7,O5O | 6,969 | 7,050 | |||
| Professional fees | 835 | 3,L49 | 835 | 3,149 | |||
| Othergovernance costs | 4,362 | L,632 | 4,362 | 1,632 | |||
| 1,O2L,9U | _869,65 | 5_ | 354,669__36L,678 | 1,376,583 | t,n$32 | ||
| Outgoingresources includes: | |||||||
| Operatingleasepayments-property | 52,02L | 57,227 | |||||
| -other | 2,146 | 2,L46 |
| were: | ||
|---|---|---|
| 2021" | 2020 | |
| ff. | ||
| Wages and salaries | 974,763 | 826,284 |
| Socialsecuritycosts | 81,327 | 67,288 |
| Pension costs | 23,943 | L9,504 |
| 1,W! _913,t?6 |
| Noemployee earnedmorethanf60,000duringtheyear.Theaverage employedbythecharityduringtheyear wasasfollows: |
full timeequivalent numberofs | taff |
|---|---|---|
| 202t | 2020 | |
| No | No | |
| Operational | 31.38 | 24.60 |
| Support | 6.46 | 5.89 |
| ReleasingPotentialEnterprisesLtd | 0.50 | 0.06 |
| The averagenumber of staff employed(Headcount) | 43.50 | 35.75 |
| EASINGPOTENTIAL LIMITED ESTO THE FINANCIAL STATEMENTS THE YEAR ENDED 31STAUGUST 2021. ntangible fixedassets(group) |
23 | |
|---|---|---|
| Goodwill | Total | |
| f | f | |
| Cost | ||
| AtlstSeptember2O2Oand 31st August 2021 | 15,000 | 16,000 |
| Amortisation | ||
| AtlstSeptember2O2O | 16,000 | 16,000 |
| Chargefor the year | ||
| At31st August 202L | 16,000 | 15,000 |
| Net book value | ||
| At31st August 2021 | ||
| At31st August 2020 | - |
| Tangible fixedassets(grou | p) | ||||||
|---|---|---|---|---|---|---|---|
| Freehold & | Fixtures& | ||||||
| Leasehold | Plant & | Motor | office | ||||
| Property | Boats | Machinery | vehicles | equipment | Total | ||
| f | f. | f | t | f | f | ||
| Cost | |||||||
| At1stSeptember2O2O | 3L4,386 | 32,577 | 80,787 | 7!2,5L8 | 46,750 | 587,O12 | |
| Additions | 1,910 | 5,500 | 5,267_ | 276,754 | |||
| Disposals | (23,981) | (23,981) | |||||
| At31st August 2021 | 5L5,873 | 32,577 | 82,697 | 95,O37 | 52,OL7 | 779,1.95 | |
| Depreciation | |||||||
| At1st September2O2O | 38,744 | 28,7L6 | 52,552 | 92,554 |
39,682 | 25L,249 | |
| Chargefor theyear | 9,890 | 2,307 | 7,'LO | 5,940 | 2,842 |
2g,4gg | |
| Eliminated on disposals | |||||||
| At31st August 2021 | 48,034 | 30,423 60,762 | 77,435 | 42,524 |
259,578 | ||
| Netbook value | |||||||
| At 31st Augustz02L | 468,839 | 2,L54 | 22,529 | L7,602 | 9,493 | 520,6t7 | |
| At31stAugust2020 | 276,242 :::::::: |
4,46t | 28,L29 | 79,854 | 7,069 | 335,764 |
| Tangiblefixedassets(charit | y) | |||||||
|---|---|---|---|---|---|---|---|---|
| Fixtures & | ||||||||
| Freehold | Plant& | Motor | office | |||||
| Property | Boats | Machinery | vehicles | equipment | Total | |||
| f | E | € | f | f | f | |||
| Cost | ||||||||
| At1stSeptember 2020 Additions |
306,959 202,487- |
32,577 | 73,78L L,9L0 |
102,5L8 6,500 |
45,950 5,267- |
561,785 216,164 |
||
| Disposals | (23,9811 | |||||||
| At31st August 2021 | 509,446 | 32,577 | 75,69L |
85,037 | 51,217 | 753,968 | ||
| Depreciation At1stSeptember2020 Chargefor theyear |
34,557 8,829 |
28,1!6 2,3O7 |
49,005 6,672 |
86,433 4,580 |
38,999 2,725 |
237,204 25,2L3 |
||
| Eliminatedon disposals | (21,L591 | (2t,Lsgl | ||||||
| At31st August 2021 | 43,480 | 30,423 | 55,677 | 69,954 | 41,724 |
24L,258 | ||
| Net book value | ||||||||
| At31st August 202L | 465,966 | 2,L54 | 2O,OL4 | 15,083 | 9,493 | 5L2,7LO | ||
| At31st August 2020 | 272,308 | 4,46L | 24,776 | 16,085 | 6,95L | 324,58L |
| Fixed assetinvestment-Charity | |||||
|---|---|---|---|---|---|
| 2021_ | 2020 | ||||
| Company | |||||
| Wholly ownedsubsidiary company | NumberShareholding | f | f | ||
| ReleasingPotentialEnterprisesLtd | L06268L9Ordinaryshares off.teach | LO | 10 | ||
| ReleasingPotential LinkenholtLtd | 0998477LOrdinarysharesof€1each | 10 | |||
| YouthCoastal RowingLtd | 10486398OrdinarysharesoffLeach | 10 | 10 | ||
| Beach ExplorersLtd | LOSL3972OrdinarysharesofEl.each | LO | 10 | ||
| 30 | 40 |
| Thesummaryfinancial performanceofthe tradi | ngsubsidiariesissetout below: | ngsubsidiariesissetout below: | |||
|---|---|---|---|---|---|
| ReleasingPotential | ReleasingPotential | ||||
| Enterprises | Ltd | Linkenholt | Ltd | ||
| 2021. | 2020 | 2021 | 2020 | ||
| f | € | ||||
| Turnover | 97,773 | 92,020 | |||
| Costofsalesandadministrationcosts Chargespaidby(to) parent undertaking |
(100,398) (5s1) |
(87,9791 (1.,2261 |
|||
| Netprofit | (3,276),_ | 2,875- | |||
| Amount gift-aided to the charity | |||||
| Retainedinthesubsidiary | -ffi-- | ||||
| TangibleFixed assets | 7,907 | Lt,Lg3 | |||
| Currentassets Current liabilities Netassets |
35,955 27,007 (59,515)(50,503) -(I5^6-'55i-t@- |
(283) 283 |
|||
| Aggregate sharecapitaland reserves | (15,653) | (72,3791 | |||
| 13 | Stocks | ||||
| Group | Charity | ||||
| 2421 | 2020 | 202L | 2020 | ||
| f | f | €f | |||
| Goodsforresale | 4,4L4 | 5,851 | 534 | 534 |
| Debtors: amountsfallingduewithinoneyear | ||||
|---|---|---|---|---|
| Group | Charity | |||
| 202t | 2A20 | 2A21. | 2020 | |
| f | f | f | f | |
| Operational debtors | L9,029 | 1,6,920 | 76,769 | L4,5L9 |
| Amounts owedbygroup undertakings | (32,O47) | (6,066) | !8,607 | 28,584 |
| Other debtorsandprepayments | 73,870 | 40,758 | 72,687 | 37,509 |
| 60,852 | 51,622 | LO7,453 | 80,6L2 |
| Creditors: amountsfallingduewithinoneye | ar | |||
|---|---|---|---|---|
| Group | Charity | |||
| 2021 | 2020 | 2021" | 2020 | |
| f | f | {. | f | |
| Repayments dueonbank loans | 27,755 | L2,7OO | 2L,155 | L2,740 |
| Operational creditors | 29,515 | 32,950 | 25,674 | 24,727 |
| Socialsecurityandothertaxes Other creditorsand accruals |
23,209 L6,5t2 90,392 |
23,684 L2,2A0 8L,534 |
26,225 8,477 8L,53L |
23,464 5,673 65,964 |
| Creditors: amountsfalling aftermoretha | noneyear | |||||
|---|---|---|---|---|---|---|
| Group | Charity | |||||
| 2AU. 2020 |
2021. | 2020 | ||||
| f f |
f | f | ||||
| Duebetweentwoandfiveyears: | ||||||
| Repayments dueonbank loans | 90,885 55,803 90,885 | 55,803 | ||||
| Dueafter fiveyears: | ||||||
| Repayments due on bank loans | L08,437 36,642 t08,437 | 36,642 | ||||
| :::: | L99,322 92,445 |
L99,322 | 92,M5 | |||
| The bankloanissecuredby alegal charge overthe freehold | properties, togetherwitha | fixedandfloatingcharge | ||||
| over allthe otherassetsofthe charity.The book value ofthe freehold propertiesat31August | 202!was | |||||
| f465,966.Themortgage represents38.6% | of netbook value andisforatermof15yearsat3.42% overbank | |||||
| base rate. | ||||||
| Funds | ||||||
| Balanceat lncoming Resources |
Balance at | |||||
| lSeptember resources expended Transfers |
3L | August | ||||
| 2020 | 202L | |||||
| f | f f |
f | I | |||
| Charity | ||||||
| Restricted income funds | ||||||
| Capital Grants Farmdevelopment Sailing Programme |
3,830 3,588 15,837 23,255 |
20,000(l,9t6l 2,ooo (950) 25,000 (5,7931 47,000 (8,059) |
21,9L4 4,628 35,644 62,L86 |
|||
| Unrestricted income funds | ||||||
| Designatedfixedasset reserve Generalfund |
2L5,604 54,7L5 339,133L,5L3,383(L,357,L081(54,7L51 |
270,3L9 430,693 |
||||
| 554,7371,513,383{L,367,1081 | - | 7OL,OLZ | ||||
| Total charity funds | ||||||
| Subsidiaryundertakings ReleasingPotentialEnterprisesLtd |
(12,330_197,773_(101,050) | -_ | (75,607-l | |||
| ReleasingPotential LinkenholtLtd | ||||||
| Youth Coastal RowingLtd | ||||||
| BeachExplorersLtd | ||||||
| Total subsidiary funds | (12,3301 | 97,773,(101,050) | lts,607l | |||
| Total funds | 565,652 L,658,156 {1,476,227) |
747,591 |
| TESTO THEFINANCIAISTATEMENTS R THE YEAR ENDED 31STAUGUST2A21 Analysisof netassetsbetween funds-Group |
|||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | ||
| At31stAugust2021 | funds | funds | funds | funds | |
| f | f | f | |||
| lntangible fixedassets | |||||
| Tangiblefixedassets | 7,907 | 5L2,710 | 520,677 | ||
| NetCurrentAssets | 385,265 | {2L,L551 | 62,786 | 426,295 | |
| Creditors;Amountstallingaftermorethanone year | (L99,3221 393,L72292,233 |
62,186 | (199,3221 747,59t |
||
| Unrestricted | Designated | Restricted | Total | ||
| At31stAugust2020 | funds | funds | funds | funds | |
| f | I | f | |||
| lntangible flxedassets | |||||
| Tangiblefixedassets | 1,L,793 | 324,579 | 335,762 | ||
| Net CurrentAssets | 3L7,789 | (72,700l' | 23,255 | 322,344 | |
| Creditors:Amounts tallingaftermorethanoneyear | - | (92,4451 | - | (92,4451 | |
| 322,9722L9,434 | 23,255 | 565,667 | |||
| Analysisof netassetsbetween funds-Charity | |||||
| Unrestricted | Designated | Restricted | Total | ||
| At31stAugust2021 | funds | funds | funds | funds | |
| ff | f | ||||
| Tangiblefixedassets | - | ,LZ,7LO | 5!2,710 | ||
| lnvestments | 30 | 30 | |||
| Net CurrentAssets | 408,749(2L,7551 | 62,L86 | 449,780 | ||
| Creditors:Amounts fallingaftermorethanoneyear | (799,3221 | - | (L99,3221 | ||
| 408,779292,233 | 62,L86 | 763,Lgg | |||
| Unrestricted | Designated | Restricted | Total | ||
| At31stAugust2020 | funds | funds | funds | funds | |
| ff. | f | ||||
| Tangiblefixedassets | - | 324,579 | 324,579 | ||
| lnvestments | 40 | 40 | |||
| NetCurrentAssets Creditorsl Amountsfallingaftermorethanone year |
335,263(12,7001 (92,4451 335,303 279,434 |
23,255 23,255 |
345,878 (92,4451 577,992 |
| Property | Other | Total | |
|---|---|---|---|
| t | f | f_ | |
| Not laterthan1year | 56,L99 | 2,L46 | 58,345 |
| Laterthan Lyearandnot later than5years | L07,343 | 3,679 | 7O5,022 |
| Laterthan5years | 80,L25 | 80,725 | |
| 237,667 | 5,825 | 243,492 |
| Reconciliation ofnetincometonetcashflow fromoperatingactivities | ||
|---|---|---|
| 2021 | 2420 | |
| E | f | |
| Netincomeforthe year | 181,929 | (37,728) |
| lnvestment incomereceivable | (6,5321 | (5,483) |
| lnterestpayable | 7,741 | 4,998 |
| Depreciationandimpairmentoftangible fixedassets | 28,489 | 34,275 |
| (Profit)/losson disposal oftangible fixedassets | (3,369) | 1,567 |
| (lncrease)/decrease in stock | 1,,437 | 2,559 |
| (lncrease)/decrease indebtors | (9,2301, | 9,957 |
| lncrease/(decrease) increditors | 403 | 15,725 |
| Netcashflow fromoperating activities | 200,858 | 25,871 |