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2020-12-31-accounts

Charity Registration No. 1154494

SOLIHULL HEALTH & EDUCATION PARTNERSHIP

(A CHARITABLE INCORPORATED ORGANISATION)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

ANSARI & CO LIMITED

Charity Accountants & Consultants

BIRMINGHAM

B28 8JG

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

_______________ _______________
Pages
Legal and administrative information 2
Trustees’ report 3 – 6
Independent examiner’s report 7 – 8
Statement of financial activities 9
Balance sheet 10
Cash flow statement 11
Notes to the financial statements 12 – 19

1

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Trustees Names of Trustees have been redacted by agreement with the Charity
Commission due to safety concerns and are therefore not published in this
document nor the Charity Commission website available for the public. This
is in line with paragraph 1.29 of the Charities SORP (FRS 102).
Principal Address The HUB
5-9 Hermitage Road
Solihull
B91 2LL
Charity Number 1154494
Independent Examiner Mohammad Ansari
Ansari & Co Limited
Kings Court, 17 School Road
Birmingham
B28 8JG
Bankers HSBC Bank
34 Poplar Road
Solihull
B91 3AF

2

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

The Trustees present their report and financial statements for the year ended 31 December 2020. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2019).

Structure, governance and management

Governing document/Constitution

The organisation is a charitable incorporated organisation (CIO). The charity was established by Constitution signed on 14[th] August 2013 and registered with the Charity Commission on 6 November 2013, under number 1154494.

Tax status

The charity is registered as a CIO and is therefore exempt from corporation tax and income tax.

Recruitment and training of trustees

The Board of Trustees currently consists of three members who were recruited due to their commitment and expertise. Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee. The list of current Trustees can be found on page 2 of this document.

Please note: The names of the Trustees have been redacted by agreement with the Charity Commission due to

safety concerns and are therefore not published in this document or the Charity Commission website available for the public. This is in line with paragraph 1.29 of the Charities SORP (FRS 102).

Organisational structure

The Charity is principally based in Solihull, UK but works with organisations across the United Kingdom. The Trustees are responsible for the governance of the Charity, and the day-to-day management is performed by the Trustees and volunteers.

Key risks and uncertainties

The Trustees actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises:

The strategy is reviewed regularly by the Trustees.

3

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Aims, objectives and activities

Aims, objectives and intended impacts

Objects:

In furtherance of these objects but not otherwise, the trustees shall have power to establish or secure the establishment of a community facility and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a facility for activities promoted by the charity in furtherance of the above objects

Public benefit statement

The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded:

Review of achievements and performance for the year

Due to the COVID-19 pandemic, 2020 was a challenging year for the charity. The centre was closed and wherever possible events were hosted on-line. This led to a significant reduction in donations, and loss of income as a number of students deferred their enrolment and congregational Ramadan and Friday prayers were not held. These two activities are a principal source of donations for the charity.

Nevertheless, The Hub Sunday School and Qur’an Club continued to operate, attracting pupils from Solihull, Birmingham and Warwickshire. We continued to develop the school curriculum for a modified setting.

4

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Review of achievements and performance for the year (cont.)

In 2020, following a review of the operating strategy for The Hub, a Development Director role was created and the vacancy filled. The role was established to provide greater focus on community and commercial activities. This enables us to better utilise the site for the betterment of all, irrespective of race or gender, once COVID restrictions were restricted.

In 2019, The Hub also entered into negotiations with the Trustees of The Lode Lane Trust to acquire a beneficial interest in a property located in Solihull. The property was initially purchased in 2004 as an endowment for the Muslim community of Solihull by a number of residents living in the borough. Over the previous two years, the property fell into a state of disrepair. The Trustees agreed to renovate the property and to recoup costs from rental income. At the end of 2019, it was agreed that the property would be transferred to the charity, with the majority of the beneficial interest being donated.

We are pleased to report that the transfer of the property was completed in 2020. The house is being let through a shorthold tenancy and provides an ongoing source of income to the charity. We would like to record our thanks to most of the underlying owners who donated their shares in the property to the charity. A small number requested repayment for their holding and were repaid for their shares in full by the charity.

Our thanks go to Mr Nazir Shafi and Mr Ataullah Fitzgibbon, two of the Trustees of Lode Lane Trust who facilitated the transaction and expended considerable time in overcoming numerous obstacles placed in the way of what could have been a smooth and speedy transfer.

Financial review

Principal sources of funding

The principal source of funding for the Charity is from individual donors within the UK and from its educational courses. Income received in the year increased to £229,943 (2019: £191,911). Expenditure in the year decreased slightly to £114,890 (2019: £121,094). Costs were kept under rigid control during the period and monitored regularly.

Reserves Policy

The Charity holds unrestricted funds which have been provided to the charity via donations and charitable activities. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities.

The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At 31 December 2020, the charity held reserves of £357,452 (December 2019: £242,399).

Going Concern

The Charity reported a cash inflow for the year of £31,985 and expects to make an inflow in 2021 also. After making further appropriate enquiries and gaining assurances over income levels, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and at least the next 12 months from the date of signing these accounts, as required. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

5

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Future plans

In 2020, the Solihull Health and Education Partnership will actively work to assess viability of further development, raising funds to further the charity’s objectives. The establishment of a Development Officer will hone the charity’s activities. Work continues on site maintenance, and the trustees are actively monitoring the potential for future development.

Statement of Trustees’ responsibilities

The Trustees are required to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income and expenditure for the year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accounts preparation

The Trustees confirm that the accounts comply with current statutory requirements, and with those of the governing instrument.

This report was approved by the Trustees on 30 July 2022 and signed on their behalf, by;

Trustee (redacted)

6

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Independent examiner’s report to the Trustees of Solihull Health & Education Partnership CIO

I report on the financial statements of the charity for the year ended 31 December 2020 which are set out on pages 9 to 19.

This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of Trustees and Examiner

The Trustees are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

7

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:-

1) which gives me reasonable cause to believe that in any material respect the requirements:

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Mohammad Ansari

Dated: 30 July 2022

Ansari & Co Limited

Accountants & Consultants Kings Court, 17 School Road Birmingham, B28 8JG

8

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

Unrestricted Total Unrestricted Total
Funds Funds Funds Funds
Note 2020 2020 2019 2019
£ £ £ £
Income from:
Donations and legacies
 2 162,493 162,493 116,513 116,513
Charitable activities
 3 57,595 57,595 74,752 74,752
Investments 4 9,855 9,855 646 646
___ ___ ___ ___
Total income 229,943 229,943 191,911 191,911
___ ___ ___ ___
Expenditure on:
Raising funds
 5 454 454 789 789
Charitable activities
 6 114,436 114,436 120,305 120,305
___ ___ ___ ___
Total expenditure 114,890 114,890 121,094 121,094
___ ___ ___ ___
Net movement in funds 115,053 115,053 70,817 70,817
Reconciliation of funds:
Total funds brought forward 242,399 242,399 171,582 171,582
___ ___ ___ ___
Total funds carried forward
 14 357,452 357,452 242,399 242,399
___ ___ ___ ___

All incoming resources and resources expended derive from continuing activities.

The notes on pages 12 to 19 form part of these financial statements.

9

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

BALANCE SHEET AS AT 31 DECEMBER 2020

_______________

2020 2019
Note £ £ £ £
Fixed assets
Tangible fixed assets 10 725,870 744,386
Investments 10 190,000 101,000
____ ___
915,870 845,386
Current assets
Cash at bank and in-hand 18 41,797 9,812
Debtors 11 12,917 18,838
____ ___
54,714 28,650
Creditors:
Amounts falling due
within one year 12 16,774 17,707
____ ___
Net current assets 37,940 10,943
Creditors:
Amounts falling due
after one year 13 (596,358) (613,930)
____ ___
Net assets 357,452 242,399
____ ___
Funds
Unrestricted: General 14 357,452 176,012
Unrestricted: Designated 14 - 66,387
____ ___
357,452 242,399
____ ___

The notes on pages 12 to 19 form part of these financial statements.

The financial statements were approved by the Trustees on 30 July 2022 & signed on their behalf, by:

Trustee (redacted)

10

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

_______________ _______________ _______________ _______________
Note 2020 2019
£ £
Cash flows from operating activities:
Net cash provided by operating activities 18 128,702 79,984
___ ___
Cash flows from investing activities:
Add: Rents from investments 9,855 646
Less: Purchase of investments (89,000) (84,000)
___ ___
Net cash provided by investing activities (79,145) (83,354)
___ ___
Cash flows from financing activities:
Less: Repayments of borrowing (17,572) (23,843)
___ ___
Net cash provided by financing activities (17,572) (23,843)
___ ___
Increase / (decrease) in cash & cash equivalents
in the reporting period 31,985 (27,213)
___ ___
Cash & cash equivalents at the beginning of
the reporting period 9,812 37,025
___ ___
Cash & cash equivalents at the end of the
reporting period 19 41,797 9,812
___ ___

The notes on pages 12 to 19 form part of these financial statements.

11

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The following principal accounting policies have been applied:

a) Incoming resources

Income includes the total funds received during the period and comprises donations collected directly or by volunteers and income from fundraising events. Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty.

Income tax reclaimable under the Gift Aid Scheme is recognised on an accruals basis once income is considered probable.

Donors are given the option to restrict their donation when it is made. Any Gift Aid claimed on restricted donations is classed as unrestricted income.

b) Resources expended and basis of allocation

Expenditure is included when incurred and has been shown in the Statement of Financial Activities inclusive of non-recoverable Value Added Tax.

Expenditure on operational programmes is recognised in the period in which it is incurred.

Currently all costs are directly attributable to specific activities, but where required, certain shared costs will be apportioned to activities in furtherance of the objects of the Charity.

c ) Funds accounting

Funds held by the charity are:

Unrestricted funds - These are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Designated funds - These are unrestricted funds earmarked by the trustees for particular purposes.

12

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

d) Tangible Fixed assets

Tangible fixed assets are depreciated per the following rates:

Land & Buildings - 2% straight line Equipment & Furniture - 20% straight line

e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

f) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2. Donations and legacies

Unrestricted Total Total
Funds Funds Funds
2020 2020 2019
£ £ £
Voluntary donations 65,493 65,493 116,513
Donations of shares in investment property 97,000 97,000 -
___ ___ ___
162,493 162,493 116,513
___ ___ ___
3. Charitable activities - income
Unrestricted Total Total
Funds Funds Funds
2020 2020 2019
£ £ £
Course & Academy fees 55,715 55,715 71,227
Hire income 1,880 1,880 2,925
Other income - - 600
___ ___ ___
57,595 57,595 74,752
___ ___ ___

13

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

4. Investments
Unrestricted Total Total
Funds Funds Funds
2020 2020 2019
£ £ £
Income from property investment 9,855 9,855 646
___ ___ ___
9,855 9,855 646
___ ___ ___
5. Raising funds
Unrestricted Total Total
Funds Funds Funds
2020 2020 2019
£ £ £
Fundraising charges 270 270 354
Advertising & marketing 184 184 435
___ ___ ___
454 454 789
___ ___ ___
6. Charitable activities - costs
Unrestricted Total Total
Funds Funds Funds
2020 2020 2019
£ £ £
Building & utilities costs 43,725 43,725 55,503
Courses & events costs 68,590 68,590 60,408
Governance costs 2,121 2,121 4,394
___ ___ ___
114,436 114,436 120,305
___ ___ ___

Due to the running of the Centre being part of the purposes of the Charity, all building related expenses are recognised as charitable and there are no support costs to apportion.

14

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

7. Net incoming resources for the year

2020 2019
This is stated after charging:- £ £
Examiners’ remuneration 695 695
Depreciation on tangible fixed assets
18,516		 20,044
___ ___

8. Staff & trustees costs

There were no employees in the year (2019: NIL).

During the period £NIL (December 2019: £NIL) of expenses were incurred for the reimbursement of Trustees’ expenses. The Trustees received no other remuneration this year or the prior year.

9. Volunteers

The charity is being run through the kind help of at least 12 committed volunteers making up the equivalent time of two full time employees. The Trustees would like to thank all the volunteers without whom the Centre would not be able to run.

10. Fixed assets

10. Fixed assets
Land & Equipment
Investments Buildings & Furniture Total
£
 £ £ £
Cost
At 31 December 2019 101,000 836,037 13,292 950,329
Additions 89,000 - - 89,000
___ ___ ___ __
At 31 December 2020 190,000 836,037 13,292 1,039,329
___ ___ ___ __
Depreciation
At 31 December 2019 - 93,446 11,497 104,943
Charge for the period - 16,721 1,795 18,516
___ ___ ___ __
At 31 December 2020 - 110,167 13,292 123,459
___ ___ ___ __
Net book value
At 31 December 2020 190,000 725,870 - 915,870
___ ___ ___ __
At 31 December 2019 101,000 742,591 1,795 845,386
___ ___ ___ __

15

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

11. Debtors
2020 2019
£ £
Trade debtors 12,049 17,305
Prepayments 318 383
Other debtors 550 1,150
___ ___
12,917 18,838
___ ___
All amounts are receivable within one year.
12. Creditors
Amounts owing within one year
2020 2019
£ £
Trade creditors 3,079 4,012
Accruals 695 695
Al-Rayan Bank loan 13,000 13,000
___ ___
16,774 17,707
___ ___
13. Creditors
Amounts owing after one year
Al Rayan Loans from Total Total
Bank individuals 2020 2019
£ £ £ £
Long-term creditors are repayable as follows:-
Within one year 13,000 - 13,000 13,000
Years two to five 52,000 379,500 431,500 436,500
After five years 151,858 - 151,858 164,430
__ __ __ ___
216,858 379,500 596,358 613,930
__ __ __ ___

16

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

14. Statement of funds

Current year (2020):

Current year (2020):
Brought Incoming Resources Transfers Carried
forward resources expended forward
£
£		 £ £ £
Unrestricted funds:-
General reserve 176,212 229,943 (114,890) 66,187 357,452
Designated funds:-
Loan Repayments
 66,187 - - (66,187)
-
_ __ __ ___ ___
Total funds 242,399 229,943 (114,890) - 357,452
_ __ __ ___ ___
Prior year (2019):
Brought Incoming Resources Transfers Carried
forward resources expended forward
£
£		 £ £ £
Unrestricted funds:-
General reserve 171,582 101,681 (97,051) - 176,212
Designated funds:-
Loan Repayments
 - 90,030 (23,843) - 66,187
Games room - 200 (200) - -
_ __ __ ___ ___
Total funds 171,582 191,911 (121,094) - 242,399
_ __ __ ___ ___

15. Analysis of net assets between funds

(a) 2020
 Unrestricted Total
funds funds
£ £
Fund balances at 31 December 2020 are represented by:
Fixed assets 915,870 915,870
Net current assets 37,940 37,940
Long-term creditors (596,358) (596,358)
__ ___
Total funds 357,452 357,452
__ ___

17

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

15. Analysis of net assets between funds (cont.)

(b) 2019
 Unrestricted Total
funds funds
£ £
Fund balances at 31 December 2019 are represented by:
Fixed assets 845,386 845,386
Net current assets 10,943 10,943
Long-term creditors (613,930) (613,930)
__ ___
Total funds 242,399 242,399
__ ___

16. Commitments under operating leases

As lessor:

As at 31 December 2020, the charity had commitments owed to it under non0cancellable operating leases as follows:

Within one year

Between one and three years
 Land & buildings
2020
2019
£
£
8,250
9,900
-
8,250
_ _

17. Related parties

Three of the trustees were owed £379,500 at the end of the year (2019: £384,500), given in long-term loans for the purchase of the Centre. There were no other related party transactions in the year or in the year to 31 December 2020.

18

SOLIHULL HEALTH & EDUCATION PARTNERSHIP (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

_______________

18. Reconciliation of cash flows from operating activities

2020 2019
£ £
Net income / (expenditure) for the reporting period 115,053 70,817
Add: Depreciation charge 18,516 20,044
Less: Rents from investments (9,855) (646)
(Increase) / decrease in debtors 5,921 (5,236)
Increase / (decrease) in creditors (933) (4,995)
___ ___
Net cash provided by operating activities 128,702 79,984
___ ___
19. Analysis of cash and cash equivalents
2020 2019
£ £
Cash at bank and in hand 41,797 9,812
___ ___
Total of cash and cash equivalents 41,797 9,812
___ ___
19A. Analysis of changes in net debt
At start Cashflows At end
of year in year of year
£ £ £
Cash 9,812 31,985 41,797
Loans falling due within one year (13,000) - (13,000)
Loans falling due after one year
 (613,930) 17,572 (596,358)
___ ___ ___
(617,118) 49,557 (567,561)
___ ___ ___

19