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##
|Charity Number:|Charity Number:|1170168||||||
|---|---|---|---|---|---|---|---|
|Company|Number:|10462076||||||
|Registered|Address:|St.Ambrose||||||
|||North Road||||||
|||Leigh Woods||||||
|||Bristol||||||
|||BS83PW||||||
|PROFESSIONAL ADVISERS||||||||
|Auditors:||Haysmacintyre||LLP||||
|||10Queen Street||Place||||
|||London||||||
|||EC4R 1AG||||||
|Bankers:||National
Westminster|||Bank|Plc||
|||Commercial|Office|||||
|||PO BoxNo 2702||||||
|||3 Temple Back||East||||
|||Temple Quay||||||
|||Bristol||||||
|||Bs19BW||||||
|Investment|Manager:|Tilney Smith|&Williamson|||Investment|Management|
|||Portwall Place||||||
|||Portwall Lane||||||
|||Bristol||||||
|||Bs16NA||||||
|Solicitors:||Stone King LLP||||||
|||13Queen Square||||||
|||Bath||||||
|||BA1 2HJ||||||
##
|Trustees'
Report||1-15|
|---|---|---|
|Strategic Report||16-21|
|Independent
Auditor's|Report|22-24|
|Statement ofFinancial|Activities|26|
|Balance Sheet||27|
|Cash Flow Statement|||
|Notes to the Financial|Statements|29-53|
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|CHARITY NAME||REGISTERED NO.|
|---|---|---|
|Clifton Catholic Diocesan Trustees Registered||1170168-7|
|Edith Mary Young Memorial
Fund||1170168-1|
|Elizabeth Lady Herbert Foundation||1170168-2|
|Heaven's
Roman Catholic Orphanage|for Girls|1170168-3|
|Lady Arundell ofWardour Bequest for Training ofStudents||1170168-4|
|for the Roman Catholic Priesthood|||
|StFrancis ofAssisi Roman Catholic Church, Nailsea|StFrancis ofAssisi Roman Catholic Church, Nailsea|1170168-5|
|---|---|---|
|Clifton Diocesan Common Investment|Fund|1170168-6|
|The Diocese ofClifton Education
Trust||313215|
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||||2021|2020|
|---|---|---|---|---|
||||K'000|K'000|
|Total|Funds||53,066|46,821|
|Less:|Permanent
Endowment|Funds|(964)|(875)|
||Restricted Funds||(9,901)|(5,506)|
||Designated
Funds||(5,125)|(5,708)|
||Tangible Fixed Assets||(17,022)|(15,066)|
|Free|Reserves ofthe Charity||20,054|19,666|
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##
||||||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Curial|Parochial|Total|Curial|Parochial|Total|
||||||||Notes|K'000|K'000|K'000|K'000|K'000|K'000|
|FIXEDASSETS||||||||||||||
|Tangible fixed assets|||||||10|2,432|14,817|17,249|1,075|14,225|15,300|
|Investments|||||||11|12,629|4,045|16,674|11,866|3,438|15,304|
|||||||||15,061|18,862|33,923|12,941|17,663|30,604|
|CURRENT ASSETS||||||||||||||
|Debtors|||||||12|613|95|708|800|5|805|
|Cash at bank and|in|hand||||||8,316|12,329|20,645|10,764|11,826|22,590|
|||||||||8,929|12,424|21,353|11,564|11,831|23,395|
|LIABILITIES||||||||||||||
|Creditors:
amounts
within one year||||falling||due||(1,937)|(200)|(2,137)|(1,787)|(83)|(1,870)|
|Curia:
amounts|due||from||parishes||||||33||33|
|within one year||||||||||||||
|Parishes:
amounts
within one year||due||from||curia||||||(33)|(33)|
|Parish loans||||||||||||2||
|NET CURRENT|ASSETS|||||||7,003|12,213|19,216|9,812|11,713|21,525|
|TOTAL ASSETSLESS||||||||||||||
|CURRENT LIABILITIES||||||||22,064|31,075|53,139|22,753|29,376|52,129|
|Creditors:
amounts||falling|||due|after||||||||
|more than one year|||||||14|(73)||(73)|(5,252)|(56)|(5,308)|
|Parish loans||||||||915|(915)||633|(633)||
|NET ASSETS||||||||22,906|30,160|53,066|18,134|28,687|46,821|
|FUNDS||||||||Curial|Parochial|Total|Curial|Parochial|Total|
||||||||Notes|f.'000|K'000|K'000|f.'000|K'000|K'000|
|RESTRICTED FUNDS||||||||||||||
|Permanent
endowment||||funds|||15|723|241|964|657|218|875|
|Restricted income funds|||||||16|9,230|671|9,901|4,754|752|5,506|
|||||||||9,953|912|10,865|5,411|970|6,381|
|UNRESTRICTED FUNDS||||||||||||||
|Designated
funds|||||||17|7,035|15,112|22,147|6,254|14,520|20,774|
|General
fund|||||||18|5,918|14,136|20,054|6,469|13,197|19,666|
|||||||||12,953|29,248|42,201|12,723|27,717|40,440|
|TOTAL FUNDS||||||||22,906|30,160|53,066|18,134|28,687|46,821|
##
|TATEMENT OF CASH|FLOWS FOR|THE YE|AR EN|DED 31|DECEMB|ER2021||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Notes|K'000|K'000|
|Cash flow from operating|activities:|||||||
|Net cash (used in) operating activities:||||||(503)|(265)|
|Cash flows from investing|activities:|||||||
|Dividends,
interest and rents from investments||||||408|458|
|Proceeds from the sale ofproperty,
plant||and equipment||||789|10|
|Purchase ofproperty,
plant|and equipment||||10|(2,639)|(305)|
|Proceeds from the sale ofinvestments|||||11|2,863|4,559|
|Purchase ofinvestments|||||11|(2,951)|(4,739)|
|Investment
Fees adjustment|||||11|69|58|
|Cash held for investment|||||11|19|1,053|
|Net cash provided
by (used|in) investing activities:|||||1,945|1,277|
|Cash flows from financing|activities:|||||||
|Repayments
ofborrowing||||||||
|Cash inflows from new borrowing||||||||
|Receipt ofendowment||||||||
|Net cash provided
by (used|in)financing|activities:||||||
|Change
in cash and cash equivalents
in the reporting|||period:|||(1,945)|(1,277)|
|Cash and cash equivalents|at the beginning ofthe reporting|||period:||22,590|23,867|
|Cash and cash equivalents|at the end ofthe reporting period:|||||20,645|22,590|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Churches|built prior to 1941and the Cathedr|al|1%|(100years)|
|---|---|---|---|---|
|Churches|built 1941and after||1.33%|(75years)|
|All Other|Freehold Buildings||2%|(50years)|
|Major Refurbishments
or Repairs|||4%|(25 years)|
|Motor Vehicles|||20%|(5years)|
|Fixtures,|Fittings and Equipment|10% - 33'/3%||(3to 10years)|
|Freehold|Property Additions||4%|(25 years)|
##
##
##
##
##
##
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##
|.
DONATIO|NS
AND LEG|ACIES|||||
|---|---|---|---|---|---|---|
|||2021|||2020||
||Curial|Parochial|Total|Curial|Parochial|Total|
||K'000|K'000|K'000|K'000|f.'000|K'000|
|Offertory|3|3,847|3,850|2|3,628|3,630|
|Donations|73|1,017|1,090|165|857|1,022|
|Legacies|34|7|41|177|5|182|
|Total|110|4,871|4,981|344|4,490|4,834|
##
|||2021|||2020||
|---|---|---|---|---|---|---|
||Curial|Parochial|Total|Curial|Parochial|Total|
||5,'000|X'000|X'000|K'000|K'000|K'000|
|Coronavirus|26|114|140|17|243|260|
|Job
Retention|||||||
|Scheme|||||||
|HMRC Grant|||||||
|School|||||||
|Condition|||||||
|Allocations|||||||
|(SCA) — DfE|||||||
|Grant|||||||
|Total|30|114|144||243|261|
##
|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Curial|Parochial|Total|Curial|Parochial|Total|
||||||K'000|K'000|6'000|K'000|K'000|6'000|
|Fundraising,|||Grants|Rec'd|19|654|673||577|578|
|and Repository|||Sales||||||||
|Educational||Services|||104||104|112||112|
|Training
and||Publications|||44||44|28||28|
|Rental Income|||||80|1,025|1,105|43|859|902|
|Chaplaincy|Services|||||65|65||21|21|
|Other|||||30||30|32||32|
|||||Total|277|1,744|2,021|216|1,457|1,673|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Curial|Parochial|Total|Curial|Parochial|Total|
|||K'000|X'000|K'000|X'000|K'000|K'000|
|Social|Club|||||||
|Total||||||||
##
|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Curial|Parochial|Total|Curial|Parochial|Total|
||||||K'000|K'000|K'000|K'000|f.'000|X,'000|
|Income|on|UK|listed investments||216|56|272|212|51|263|
|Income|on|UK|investment|properties|28|37|65|21|37|58|
|Interest|on|UK|cash held at bank||(9)|80|71|7|130|137|
|Total|||||235|173|408|240|218|458|
##
|||2021|||2020||
|---|---|---|---|---|---|---|
||Curial|Parochial|Total|Curial|Parochial|Total|
||S'000|X,'000|K'000|K'000|K'000|K'000|
|FAITH AND|||||||
|EDUCATION|||||||
|Worship|101|6,136|6,237|158|5,998|6,156|
|Clergy Support|695|-|695|699|-|699|
|Pastoral|186|4|190|170|3|173|
|Chaplaincy|21||21|28||28|
|Education|627||627|(78)|-|(78)|
|Pilgrimages|1||1|8||8|
|Total|1,631|6,140|7,771|985|6,001|6,986|
|SUPPORT|||||||
|Bishop's Office|161||161|140||140|
|Governance|179||179|165||165|
|Finance|748||748|775||775|
|HR|45||45|34||34|
|Estate Management|553||553|494||494|
|Safeguarding|133||133|125||125|
|Communications|61||61|60||60|
|Total|1,880||1,880|1,793||1,793|
|TOTAL
EXPENDITURE|3,511|6,140|9,651|2,778|6,001|8,779|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Curial|Parochial|Total|Curial|Parochial|Total|
|||K'000|6'000|K'000|K'000|K'000|K'000|
|Salaries||1,143|702|1,845|1,126|745|1,871|
|Pension||63|21|84|66|21|87|
|Life Insurance||6||6|6||6|
|Employer's|NIC|111|17|128|110|16|126|
|Total Employee Costs||1,323|740|2,063|1,308|782|2,090|
##
|||2021|||2020||
|---|---|---|---|---|---|---|
||Curial|Parochial|Total|Curial|Parochial|Total|
||X,'000|K'000|K'000|K'000|K'000|K'000|
|Listed Investments|11,529|2,860|14,389|10,851|2,318|13,169|
|UK Investment|||||||
|Properties|1,100|1,185|2,285|1,015|1,120|2,135|
|Total|12,629|4,045|16,674|11,866|3,438|15,304|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Curial|Parochial|Total|Curial|Parochial|Total|
|||K'000|K'000|K'000|f.'000|K'000|K'000|
|Market Value brought
forward||9,671|2,102|11,773|9,317|2,033|11,350|
|Additions|at Cost|2,399|552|2,951|3,980|759|4,739|
|Fees||(55)|(14)|(69)|(47)|(11)|(58)|
|Sale Proceeds from||||||||
|Disposals||(2,755)|(309)|(3,064)|(3,774)|(716)|(4,490)|
|Realised Gain/(Loss)||163|38|201|(60)|(9)|(69)|
|Unrealised|Gain/(Loss)|997|223|1,220|255|46|301|
|Market Value carried||10,420|2,592|13,012|9,671|2,102|11,773|
|forward||||||||
|Cash Held|For Investment||268|1,377|1,180|216|1,396|
|||11,529|2,860|14389|10851|2318|13,169|
|Book Cost|carried forward|9,334|2,264|11,598|9,319|1,939|11,258|
##
|Movements||in the investment|properties|held during the year were as follows:|held during the year were as follows:|held during the year were as follows:|||
|---|---|---|---|---|---|---|---|---|
|||||2021|||2020||
||||Curial
Parochial||Total|Curial|Parochial|Total|
||||K'000|K'000|f'000|S'000|K'000|K'000|
|Valuation|||||||||
|brought|||1,015|1,120|2,135|879|940|1,819|
|forward|||||||||
|Revaluation||to|||||||
|estimated|open market||||||||
|value|||85|65|150|136|180|316|
|Valuation|||||||||
|carried|||1,100|1,185|2.285|1,015|1,120|2,135|
|forward|||||||||
|Realised Gains /(Losses) on Fixed Asset Investments|||||||||
|||||2021|||2020||
|||||Parochial|Total|Curial|Parochial|Total|
|||||K'000|f,'000|K'000|K'000|K'000|
|On Listed|Investments||163|38|201|(60)|(9)|(69)|
|Total|||163||201|(60)|(9)|(69)|
|Unrealised||Gains / (Losses)|on Fixed|Asset Investments|||||
|||||2021|||2020||
|||||Parochial|Total|Curial|Parochial|Total|
|||||K'000|f,'000|K'000|K'000|f.'000|
|On Listed
Investments|||997|223|1,220|255|46|301|
|On UK Investment|||85|65|150|136|180|316|
|Properties|||||||||
|Total|||1,082|288|1,370|391|226|617|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Curial|Parochial|Total|Curial|Parochial|Total|
|||K'000|K'000|K'000|K'000|K'000|K'000|
|Prepayments|and Other|540|82|622|622||622|
|Debtors||||||||
|Income Tax|Recoverable (Gift|66||66|172||172|
|Aid)||||||||
|Legacies|||13|20||||
|Total||613|95|708|800||805|
##
|||2021|||2020||
|---|---|---|---|---|---|---|
||Curial|Parochial|Total|Curial|Parochial|Total|
||K'000|K'000|K'000|K'000|K'000|6'000|
|Deferred income|||||||
|School Projects
Funding|1,163||1,163|1,424||1,424|
|Sundry creditors and|774|200|974|352|83|435|
|accruals|||||||
|Total|1,937|200|2,137|1,787|83|1,870|
##
|||2021|||2020||
|---|---|---|---|---|---|---|
||Curial|Parochial|Total|Curial|Parochial|Total|
||K'000|K'000|f'000|K'000|K'000|K'000|
|Grants Repayable|72||72|73||73|
|Proceeds ofsale ofschool site
payable||||5,178||5,178|
|Sundry creditors and accruals||||||1|
|Loans|||||56|56|
|Total|73||73|5,252|56|5,308|
##
|||Balance|Income|Expenditure|Transfers|Gains|Balance|
|---|---|---|---|---|---|---|---|
|||asat
1||||k,|asat31|
|||January
2021||||losses|December
2021|
|||K'000|6'000|K'000|K'000|K'000|K'000|
|CURIAL||||||||
|Bishop's Maintenance|Fund|147||||15|162|
|Clergy Training
Fund||128||||12|140|
|Clifton Mission Benefactors Fund||147||||15|162|
|Heavens
Fund||150||||15|165|
|Young Fund||74||||8|82|
|Poor Missions Fund||11||||1|12|
|Total Curial||657||||66|723|
|PAROCHIAL||K'000|K'000|K'000|K'000|K'000|K'000|
|Pro Cathedral
Endowment||4|||||4|
|Hussey Endowment||4|||||4|
|Knight Endowment||8|||||9|
|Hensler Fund||18|||||20|
|Scoles Endowment||12|||||13|
|Patterson
Endowment||4|||||4|
|Stapleton Brethren Endowment||14|||||16|
|Fairford Mission Endowment||16|||||18|
|Algar Endowment||9|||||10|
|Malmesbury
Mission|Endowment|15|||||17|
|Nelson Endowment||15|||||17|
|The Lady Herbert of|Lea Fund|34|||||37|
|Carey Trust Endowment||15|||||17|
|Board Endowment||8|||||9|
|Barnes Trust Endowment||22|||||24|
|Lucy Sharp Fund||20|||||22|
|Total Parochial||218||||23|241|
|Diocese Total||875||||89|964|
##
|||Balance|Income|Expenditure|Transfers|Gains|Balance|
|---|---|---|---|---|---|---|---|
|||asat1||||&|asat31|
|||January||||Losses|December|
|||2020|||||2020|
|||K'000|f.'000|K'000|f.'000|K'000|K'000|
|CURIAL||||||||
|Bishop's Maintenance|Fund|142|||||147|
|Clergy Training
Fund||124|||||128|
|Clifton Mission Benefactors Fund||142|||||147|
|Heavens Fund||146|||||150|
|Young Fund||72|||||74|
|Poor Missions Fund||10|||||11|
|Total Curial||636||||21|657|
|PAROCHIAL||6'000|K'000|K'000|S'000|f.'000|K'000|
|Pro Cathedral
Endowment||4|||||4|
|Hussey Endowment||4|||||4|
|Knight Endowment||8|||||8|
|Hensler Fund||18|||||18|
|Scoles Endowment||12|||||12|
|Patterson Endowment||3|||||4|
|Stapleton Brethren Endowment||13|||||14|
|Fairford Mission Endowment||15|||||16|
|Algar Endowment||9|||||9|
|Malmesbury
Mission|Endowment|14|||||15|
|Nelson Endowment||14|||||15|
|The Lady Herbert of|Lea Fund|33|||||34|
|Carey Trust Endowment||15|||||15|
|Board Endowment||8|||||8|
|Barnes Trust Endowment||21|||||22|
|Lucy Sharp Fund||20|||||20|
|Total Parochial||211|||||218|
|Diocese Total||847||||28|875|
##
##
##
##
|||Balance|Income|Expenditure|Transfers|Gains &|Balance|
|---|---|---|---|---|---|---|---|
|||asat
1||||(Losses)|as at 31|
|||January
2021|||||December
2021|
|||K'000|f.'000|K'000|K'000|f.'000|K'000|
|CURIAL||||||||
|Bishop's Charitable
Fund||84|||(4)||80|
|Bishop's Support Fund||232|4||(20)||212|
|Priests' Retirement
Fund||753|32||(98)|52|739|
|Clergy Welfare Fund||469|7||(101)|33|408|
|Clergy Training
Fund||9|8||||17|
|Youth Development|Fund|12|||||12|
|Youth Bursary Fund||14|||||14|
|Christ's College Education Fund||1,485|||(93)||1,392|
|StJoseph's Education|Fund||5,178||||5,178|
|Curial Restricted Legacies||644|||(504)||140|
|Curial Trust Funds||781|14||(49)|27|773|
|Fundraising
Appeals||20|||||20|
|Other Curial Funds||17|1||||18|
|Restricted Fixed Assets Fund||234|||||227|
|Total Curial||4,754|5,244|11|(869)|112|9,230|
|PAROCHIAL||||||||
|Parsons Fund - Jesuit||185|||||185|
|Cathedral
Fund||120||||12|132|
|Other Parochial Funds||447|||(93)||354|
|Total Parochial||752|||(93)|12|671|
|Diocese Total||5,506|5,244||(962)|124|9,901|
##
|||Balance|Income|Expenditure,|Balance|
|---|---|---|---|---|---|
|||asat 1||gains/(losses)|as at 31|
|||January||and transfers|December|
|||2020|||2020|
|||K'000|K'000|K'000|K'000|
|CURIAL||||||
|Bishop's Charitable|Fund|112||(28)|84|
|Bishop's Support Fund||233|5|(6)|232|
|Priests' Retirement|Fund|615|172|(34)|753|
|Clergy Welfare Fund||389|8|72|469|
|Clergy Training
Fund|||76|(67)|9|
|Youth Development|Fund|12|||12|
|Youth Bursary Fund||14|||14|
|Christ's College Education||1,485|||1,485|
|Fund||||||
|Curial Restricted Legacies||662||(18)|644|
|Curial Trust Funds||785|28|(32)|781|
|Fundraising
Appeals||20|||20|
|Other Curial Funds|||26|(9)|17|
|Restricted Fixed Assets Fund||243||(9)|234|
|Total Curial||4,570|315|(131)|4,754|
|PAROCHIAL||||||
|Parsons Fund - Jesuit||181||1|185|
|Cathedral
Fund||116||4|120|
|Other Parochial Funds||447||(5)|447|
|Total Parochial||744|||752|
|Diocese Total||5,314|323|(131)|5,506|
##
##
|he fund designations
are reviewed|annually.||||||
|---|---|---|---|---|---|---|
||Balance|Income|Expenditure|Transfers|Gains|Balance|
||as at 1||||&|as at 31|
||January
2021||||Losses|December
2021|
||K'000|6'000|K'000|X,'000|K'000|f.'000|
|Fixed Assets Fund|15,066||675|2,631||17,022|
|Clergy Welfare Fund|71|||(11)||60|
|Priests' Retirement
Fund|1,514|20|||93|1,627|
|St.Thomas More Secondary
School|1,407|||(116)||1,291|
|Christ's College Sponsorship|750|||||750|
|Fund|||||||
|Adult Education Fund|35|||(34)||1|
|School Projects Reserve|44|||(3)||45|
|School DFC Funding|678|||(379)||299|
|Bristol Catholic Players|4|||||4|
|St.Bonaventure's
Fund|296|||||296|
|Property Maintenance
Fund|834|||(107)||727|
|Sisters ofthe Temple|75|||(50)||25|
|Total Designated
Funds|20,774|24|675|1,931|93|22,147|
##
|||Balance|Income|Expenditure,|Balance|
|---|---|---|---|---|---|
|||as at 1||gains/(losses)|as at 31|
|||January||and transfers|December|
|||2020|||2020|
|||K'000||K'000|X,'000|
|Fixed Assets Fund||15,555||(489)|15,066|
|Clergy Welfare Fund||53||18|71|
|Priests' Retirement
Fund||876|21|617|1,514|
|St.Thomas More Secondary|School|1,407|||1,407|
|Christ's College Sponsorship|Fund|750|||750|
|Adult Education Fund||34|||35|
|School Projects Reserve||31|13||44|
|School DFC Funding||538||140|678|
|Bristol Catholic Players||4|||4|
|St.Bonaventure's
Fund||291||5|296|
|Property Maintenance
Fund||866||(32)|834|
|StJohn's Primary Bath ISG|Funds|39||(39)||
|Sisters ofthe Temple||||75|75|
|Total Designated
Funds||20,444|35|295|20,774|
##
|||Balance as at|Movement|Balance as at|
|---|---|---|---|---|
|||1 January 2021|during 2021|31December|
|||||2021|
|||f.'000|K'000|K'000|
|General Curial Funds||6,469|(551)|5,918|
|General Parochial|Funds|13,197|939|14,136|
|Total Unrestricted|Funds|19,666|388|20,054|
##
|9.
|TRANSFERS BETWEEN CU|RIAL AND PAROCHIAL FUN|DS|||
|---|---|---|---|---|---|
|||Curial|Parochial|Total|2021|
|||K'000|X'000||K'000|
|Parish|Share|1,541|(1,541)|||
|Other|transfers|(167)|167|||
|Total||1,374|(1,374)|||
##
||Endowments|Restricted|Designated|Unrestricted|Total|
|---|---|---|---|---|---|
||||||Funds|
||S'000|K'000|K'000|K'000|K'000|
|Tangible Fixed Assets||227|17,022||17,249|
|Fixed Asset Investments|946|1,337|998|13,393|16,674|
|Net Current Assets|18|8,337|4,200|6,661|19,216|
|Long Term Liabilities|||(73)||(73)|
|Total|964|9,901|22,147|20,054|53,066|
||Endowments|Restricted|Designated|Unrestricted|Total Funds|
|---|---|---|---|---|---|
||K'000|X'000|K'000|K'000|f.'000|
|Tangible Fixed Assets||234|15,066||15,300|
|Fixed Asset Investments|857|1,213|905|12,329|15,304|
|Net Current Assets|18|9,238|4,932|7,337|21,525|
|Long Term Liabilities||(5,179)|(129)||(5,308)|
|Total|875|5,506|20,774|19,666|46,821|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f.'000|X,'000|
|Net (expenditure)/income||for the reporting||period||6,245|(340)|
|Adjustments
for:||||||||
|Depreciation
charges||||||690|807|
|(Gains) on investments||||||(1,370)|(617)|
|Dividends,
interest|and rents from investments|||||(408)|(458)|
|(Profit) on the sale|offixed assets|||||(789)|(10)|
|(Increase)/decrease|in debtors|||||97|(272)|
|Increase/(decrease)|in creditors|||||(4,968)|628|
|Net cash (used in) operating|||activities|||(503)|(262)|
|econciliation ofnet cash||flow to movement|||in net funds|||
|||||||2021|2020|
|||||||X'000|5,'000|
|(Decrease)/increase|in cash||in the year|||(1,945)|(1,277)|
|Cash inflow from repayment|||ofloan|||||
|New loans received||||||||
|(Decrease)/increase|in net|funds in the year||||(1,945)|(1,277)|
|Net funds brought|forward|||||22,590|23,867|
|||||||20,645|22,590|
##
##
##
||||As at 1 January|Cash Flow|As at 31 December|
|---|---|---|---|---|---|
||||2021|in Year|2021|
||||K'000|K'000|f.'000|
|Short-Term Deposits|||17,657|(1,874)|15,783|
|Cash at bank and in hand|||4,933|(71)|4,862|
|Net cash at bank and short-term||deposits|22,590|(1,945)|20,645|
|Loans due for repayment|within|one year||||
|Net funds carried forward|||22,590|(1,945)|20,645|
##
|||2021|2020|
|---|---|---|---|
|||K'000|X'000|
|Capital|Commitments|1,337||
##