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2023-12-31-accounts

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Company Registration No 01848130 (England and Wales) Registered Charity No 515698

TAPTONHOLME

REPORTS AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

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TAPTONHOLME

CONTENTS

PAGE
Reference and administration details 1
Report of the trustees 2 - 5
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Cash flow statement 9
Notes to the accounts
 10 – 17

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TAPTONHOLME

REFERENCE AND ADMINISTRATIVE DETAILS

Legal status Taptonholme is a charity (No. 515698) and a company limited by guarantee (No. 01848130) It was set up on 13 September 1984 and is governed by its memorandum and articles of association.

Directors and trustees The directors of the charitable company (“the charity”) are its trustees for
the purpose of charity law and throughout the report are collectively referred
to as trustees.
The Trustees of the charity are as follows: -
M E Cowell – Chairman
A Duffield
J Liddle
Dr. P Harvey
D J Dunn
V M Wightman (Resigned 10thMay 2023)
L J Noble (Appointed 15thNovember 2023)
Secretary I Hewson
Registered office 14 Taptonville Crescent
Broomhill
SHEFFIELD
S10 5BP
Independent examiner Shorts
Chartered Accountants
Statutory Auditor
2 Ashgate Road
Chesterfield
Derbyshire
S40 4AA
Bankers National Westminster Bank Plc
42 High Street
Sheffield
S1 2GE

Shorts Chartered Accountants

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TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees, who are also directors for the purposes of the Companies Act, present their report with the financial statements for the year ended 31 December 2023.

The legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the memorandum and articles of association. They also comply with the Statement of Recommended Practice (SORP), 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 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Structure, governance and management

Trustees

The trustees of the charity during the year and up to the date of this report are as listed on page 1.

The trustees are elected at the Annual General Meeting but additional trustees can be appointed during the year by the Executive Management Committee.

Trustee training is delivered in an informal setting upon request if specific needs arise (e.g. new legislation).

All trustees give of their time freely and no remuneration was paid in the year. Details of expenses reclaimed from the charity are set out in note 4 to the accounts.

Company status

Since Taptonholme is a company limited by guarantee, it does not have any paid up share capital. Every member of the company has however guaranteed an amount not exceeding £1 each.

At the Balance Sheet date, the company had six members, all of whom are also directors and members of the Executive Management Committee. The Committee meets a minimum of four times a year and is responsible for managing the business of the organisation, safeguarding the assets of the organisation, and managing the funds of the organisation. Decisions are made by the Management Committee, with advice from the Home Manager.

Risk assessment

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee have discussed, and reviewed on a regular basis all of the major risks to which the charity is exposed and have established systems to mitigate the risks.

Objectives and activities

The Objects of the charity are:

Shorts Chartered Accountants

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TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Objectives and activities - continued

To achieve the above objectives, we aim to:

Achievements and performance

The Management Committee believes that the Charity has been successful in fulfilling its objectives. Meetings with residents and their families, together with continuing feedback from everyone concerned, indicates a widespread feeling that residents in the Home are happy and content with the facilities and care provided. The Home is registered with the Care Quality Commission ("CQC") and is subject to inspections, monitoring and review by CQC.

Public benefit

In planning their activities the trustees have considered the Charity Commission’s guidance on public benefit. In particular, we ensure that the Home continues to accept and retain residents with limited private financial resources. We also arrange regular open days when local people are invited and encouraged to visit the Home to help ensure it is part of the community.

Financial review and reserves policy

The Statement of Financial Activities for the year is set out on page 6 of the financial statements. Income the year amounted to £603,109 (2022: £665,552). Total expenditure amounted to £645,848 (2022: £618,842). Net expenditure for the year is £42,739 (2022: net income of £46,710). This results in unrestricted funds at the year end of £452,144 (2022: £494,883).

The accumulated funds of the charity at 31 December 2023 are shown in total in the Balance Sheet on page 7.

The trustees believe the minimum level of free reserves should be the equivalent of four months operating costs, calculated and reviewed annually. The required level at the year end is approximately £215,000. The reserves are needed because the charity is dependent upon income which is subject to fluctuation, and as it requires protection against the ability to continue operating despite unexpected and unforeseeable events, such as major repairs to the building. As at 31st December 2023 the charity has free reserves of £213,377. The free reserves are therefore meeting the minimum level required within an acceptable difference.

Our principal source of income continues to be rent received from residents. The main item of expenditure continues to be staffing, followed by maintenance of the premises. These are all directed towards the core objectives referred to above.

Shorts Chartered Accountants

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TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Plans for future periods

The Executive Management Committee will continue to implement a rolling programme of improving the quality of the premises, the residents’ bedrooms, and all other common areas of occupancy. They will also invest in staff training and other related initiatives, to help ensure the quality of care provided is sustained and improved.

Trustees' indemnities

The trustees, as directors of the company, have been granted a qualifying third party indemnity provision under section 234 of the Companies Act 2006. This does not provide cover in the event of a director being proved to have acted fraudulently or dishonestly.

Independent examiner

A resolution to reappoint Kirstie Wilson as independent examiner will be proposed at the annual general meeting.

Shorts Chartered Accountants

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TAPTONHOLME

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees' responsibilities statement

The trustees (who are also directors of Taptonholme for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The report of the trustees has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board of Trustees

[€][(owl] |[M] Signed by: M E Cowell 380DD95F3D72411... Trustee and Chairman

25 September 2024

Shorts Chartered Accountants

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TAPTONHOLME

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAPTONHOLME

Independent Examiner's Report to the Trustees of Taptonholme ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023.

Responsibilities and Basis of Report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

In preparing this report, I have given due consideration to the guidance set out in CC32, in particular with regard to the provision of book-keeping services provided by the firm. I can confirm that the FRC’s Revised Ethical Standard has been applied.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 or for this report.

Signed by: Signed: [bieB8CCCCC867C749A...Wilsovw. K Wilson

on behalf of Shorts

Chartered Accountants 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA

25 September 2024

Shorts Chartered Accountants

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TAPTONHOLME

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations and legacies
Investments
Other income – grants received
Charitable activities:
Fees for residential care
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds for the year
- net income/ (expenditure) for the year
2
Reconciliation of funds:
Funds brought forward at 1 January 2023
Funds carried forward at 31 December 2023
 Unrestricted
Total
Total
2023
2022
£
£
2,231
110
2,055
747
7,654
3,266
598,823
661,429
610,763
665,552
645,848
618,842
645,848
618,842
(35,085)
46,710
494,883
448,173
459,798
494,883

All amounts derive from continuing activities. All gains and losses recognised in the year are included in the Statement of Financial Activities.

Shorts Chartered Accountants

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TAPTONHOLME

BALANCE SHEET AS AT 31 DECEMBER 2023

Note Total Total
2023 2022
£ £
Fixed assets
Tangible assets 6 233,857 224,836
233,857 224,836
Current assets
Debtors 7 22,399 10,105
Cash at bank and in hand 227,412 330,645
249,811 340,750
Creditors due within one year
8		 (23,870) (70,703)
Net current assets 225,941 270,047
Total net assets 459,798 494,883
Funds
Designated funds 9 4,910 4,910
General funds 9 454,888 489,973
459,798 494,883

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

----- Start of picture text -----
[€] [(owl]
| [Mm] Signed by:
----- End of picture text -----

M E Cowell Trustee and Chairman

Company No 1848130

Shorts Chartered Accountants

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TAPTONHOLME

CASH FLOW STATEMENT AS AT 31 DECEMBER 2023

Note
Cash flow from operating activities
12
Cash flow from investing activities
Interest received
Fixed asset additions
Net cash flow from investing activities
Net increase / (decrease) in cash and cash
equivalents
Cash and cash equivalents at 1 January 2023
Cash and cash equivalents at 31 December 2023
13		 2023
£
(89,688)
2,055
(15,600)
(13,545)
(103,233)
330,645
227,412		 2022
£
88,064
747
(38,400)
(37,653)
50,411
280,234
330,645

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

General information

Taptonholme is a private charitable company limited by guarantee incorporated in England and Wales (registered number: 1848130). It has a registered charity number 515698. Charity administration details can be found on the reference and administration pages of these financial statements. The charity’s aims and activities are explained in the trustees’ report.

Basis of accounting

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Taptonholme 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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The functional and presentation currency is pounds sterling.

Fund Accounting

Unrestricted funds are those funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes. Further details can be found in note 9 to the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes or allocated to specific grants.

Income

All income, including legacies and grants, are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be measured reliably and it is probable that the income will be received.

Fees for residential care represents fees charged to residents and are included in the period in which

the service was provided.

Expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Expenditure – continued

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Fixtures fittings and equipment 10% straight line Kitchen refurbishment (1988) 4% straight line

As from 1 January 1994 the property is no longer depreciated (until 31 December 1993 the rate was 1% on a straight line basis). This accounting policy is a departure from the Companies Act 2006 requirement for all tangible assets to be depreciated and FRS102, but in the opinion of the trustees it is maintained in good condition so that it’s value is not significantly impaired by the passage of time and in consequence any element of depreciation would be immaterial.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Pension

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Taxation

The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Taxation – continued

Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees considered the level of funds held and expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. NET INCOME/ (EXPENDITURE) FOR THE YEAR

2023 2022
Deficit for the year is after charging: - £ £
Depreciation 6,579 4,962
Independent examiner’s fee 2,188 1,606
______ ______

Shorts Chartered Accountants

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TAPTONHOLME NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

3. STAFF COSTS

The average number of employees during the year was
The costs incurred in respect of employees were: -
Wages and salaries
Social security costs
Defined contribution pension costs
 2023
No
24
2023
£
419,976
31,773
4,928
456,677		 2022
No
21
2022
£
414,808
23,227
4,525
442,560

No employees received emoluments of more than £60,000 in either year. The total amount of employment benefits received by key management personnel is £46,413 (2022: £53,680). The charity considers its key management personnel to comprise the Home Manager.

4. TRUSTEES REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits paid during the year (2022: £nil).

There were no trustees’ expenses paid during the year (2022: £nil).

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

5.
ANALYSIS OF EXPENDITURE
Costs of charitable activities
Wages
National insurance
Defined contribution pension costs
Agency staff
Staff recruitment and training
Payroll costs
Food and household
Insurance, water and council tax
Gas and electricity
Maintenance
Telephone and postage
Miscellaneous expenses
Advertising and promotion
Residents’ events
Depreciation
Bank charges
Legal expenses
Governance costs
Treasurer’s fee
Registration fees
Independent examiner’s fees
Total expenditure
Total expenditure - 2022		 Direct
Support
£
£
419,976
-
31,773
-
4,928
-
16,343
-
7,852
-
4,032
-
48,120
-
15,813
-
26,669
-
35,890
-
2,252
-
4,965
-
2,505
-
1,820
-
6,579
-
1,060
-
95
-
630,672
-		 Direct
Support
£
£
419,976
-
31,773
-
4,928
-
16,343
-
7,852
-
4,032
-
48,120
-
15,813
-
26,669
-
35,890
-
2,252
-
4,965
-
2,505
-
1,820
-
6,579
-
1,060
-
95
-
630,672
-		 2023
Total
£
419,976
31,773
4,928
16,343
7,852
4,032
48,120
15,813
26,669
35,890
2,252
4,965
2,505
1,820
6,579
1,060
95
630,672		 2022
Total
£
414,808
23,227
4,525
21,417
3,334
3,840
49,289
18,060
18,478
29,161
4,033
2,899
2,674
2,075
4,962
1,030
898
604,710
10,138
2,388
1,606
14,132
618,842
10,600
2,388
2,188
15,176		 -
-
-
-		 10,600
2,388
2,188
15,176
645,848
618,842		 -
-		 645,848
618,842

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

6. TANGIBLE ASSETS

TANGIBLE ASSETS TANGIBLE ASSETS TANGIBLE ASSETS TANGIBLE ASSETS
Fixtures
Fittings &
Kitchen
Property
Equipment
Refurbishment
COST
£
£
£
At 1 January 2023
194,833
117,136
52,146
Additions
-
15,600
-
_
At 31 December 2023
194,833
132,736
52,146
DEPRECIATION
At 1 January 2023
12,503
76,829
49,947
Charge for the year
-
4,499
2,080
_
At 31 December 2023
12,503
81,328
52,027
NET BOOK VALUE
At 31 December 2023
182,330
51,408
119
At 31 December 2022
182,330
40,307
2,199
DEBTORS
2023
£
Trade debtors
11,927
Prepayments
10,472
22,399		 Total
£
364,115
15,600
379,715
139,279
6,579
145,858
233,857
224,836
2022
£
313
9,792
10,105
182,330 40,307 2,199
2023
£
11,927
10,472
22,399

7. DEBTORS

Shorts Chartered Accountants

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TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

8. CREDITORS

Trade creditors
Taxation and social security
Other creditors		 2023
£
3,345
8,201
12,324
23,870		 2022
£
9,936
11,478
49,289
70,703

9. STATEMENT OF FUNDS

FUNDS – CURRENT YEAR

Designated funds
Capital fund
(a)
General funds
General funds
Total funds		 1.1.23
£
Income
£
Expenditure
£
31.12.23
£
4,910
-
-
4,910
______
489,973
610,763
__
(645,848)
_
454,888

494,883
610,763

(645,848)
459,798
_____

(a) This fund was set up in the early 1990s for the purpose of financing building additions.

FUNDS – PRIOR YEAR

Designated funds
Capital fund
(a)
General funds
General funds
Total funds		 1.1.22
£
Income
£
Expenditure
£
31.12.22
£
4,910
-
-
4,910
443,263
665,552
(618,842)
489,973
__
448,173
665,552
(618,842)
494,883

10. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year (2022: £nil)

Shorts Chartered Accountants

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Docusign Envelope ID: 5BC26EE3-70AF-4D90-8994-294FE098F7EBDocusign Envelope ID: A623B489-4DDA-4CDE-8172-681E243A0248

TAPTONHOLME

NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2023

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current year
Fixed assets
Cash and current investments
Other current assets
Current liabilities
Total
Prior year
Fixed assets
Cash and current investments
Other current assets
Current liabilities
Total		 Unrestricted
funds
Designated
funds
Total
2023
2023
2023
£
£
£
233,857
-
233,857
222,502
4,910
227,412
22,399
(23,870)
-
-
22,399
(23,870)
454,888
4,910
459,798
Unrestricted
funds
Designated
funds
Total
2022
2022
2022
£
£
£
224,836
-
224,836
325,735
4,910
330,645
10,105
(70,703)
-
10,105
(70,703)
489,973
4,910
494,883

12. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income / (expenditure) for year
Interest receivable
Depreciation of tangible fixed assets
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities		 2023
£
(35,085)
(2,055)
6,579
(12,294)
(46,833)
(89,688)		 2022
£
46,710
(747)
4,962
6,614
30,525
88,064

13.

ANALYSIS OF CHANGES IN NET DEBT

31 Dec Cash 31 Dec
2022 flows 2023
£ £ £
Cash and cash equivalent 330,645 (103,233) 227,412

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