2021-12-31-accounts - Gladstone's Library

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Trustees		Damian Barr
		Freddie Baveystock
		Gregory Cameron
		David Cannadine
		Zia Chaudhry
		Victoria Collins
		Virginia Davies
		Patrick Derham
		Jean Ellis
		Scott Evenbeck
		Caroline Gladstone
		Charles Gladstone
		Louisiana Lush
		Anthony Hall
		Tamara Harvey
		Alison Henshaw
		Martyn Percy
		Juliet Shield
		Julie Smith
		Phil Sykes
		Llyr Williams
		Linda Woodhead
Company	secretary	The Revd Peter. B.Francis
Charity number		701399
Company	number	02363642
Registered	office	Church Lane
		Hawarden
		Deeside
		Flintshire
		CHS 3DF
Auditor		Mitchell Charlesworth	(Audit) Limited
		24 Nicholas Street
		Chester
		CH1 2AU

				Page
Trustees' report				1-12
Independent auditor's report				13-16
Group statement offinancial	activities (Incorporating	the income and expenditure	account)	17-18
Group balance sheet				19
Compa ny balance sheet				20
Group statement ofcash flows				21
Notes to the accounts				22-41

Peter Francis		Warden and	Warden and	Director	Director
Sarah Robertson		Finance Manager			and	Director
Annette Lewis		Development		Manager
Louisa Yates		Director of	Collections			and Research
Oussama Mantashe		Operations	Manager
Margaret Cartner		Finance Assistant
Eliza beth New ma	rch	Management		PA/	HR	and H&S
Rhian Wailer		Marketing	Officer
Matthew Gibson		Head Chef
Lucy Anne Prescott		Head Housekeeper
Evan John		Maintenance
Collections: Reading Rooms and		Archives
Isobel Goodman		Librarian
Alexandra Foulds		Archivist
Louise Roberts		Library Assistant
James Southerby		Library Assistant
Michael Pumford		Carnegie Project
Food for Thought	Restaurant
Charly James		Chef
Gareth Messham		Chef
Nicola Jones		Restaurant	Team		Leader
Zee Dempsey		Restaurant
Isabella Edwards		Restaurant
Elizabeth Oakland		Restaurant
Denise Payne		Restaurant
Morgan Roberts		Restaurant
Alison Stevens		Restaurant
Jessica Waterson		Restaurant
Felicity Williams		Restaurant
Latisha Griffiths		Restaurant
Rebecca Hughes		Restaurant
Isabella Edwards		Restaurant
Ffion Jones		Restaurant
Owain Elmer		Restaurant
Housekeeping
Samantha Newell		Housekeeping
Caroline Sayer		Housekeeping
Rosie Parry		Housekeeping
Maintenance and	Night Porter
Dominic King		Night Porter
Anthony Woolf		Night Porter
Reception
Caroline Jeffrey		Reception
Victoria Leary		Reception
Helene Webster		Reception
Nicola Whalley		Reception

Registered	Charity	Name	Gladstone's	Library
Charity number			701399
Company	registration	number	2363642
Registered	office		Gladstone's	Library
			Church Lane
			Hawarden
			Flintshire
			CHS 3DF
Auditor			Mitchell Charlesworth		(Audit) Limited
			24 Nicholas	Street
			Chester
			CH1 2AU
Bankers			Lloyds TSBPlc
			P.O. Box251
			8 Foregate Street
			Chester
			CH1 1XP

				Unrestricted	Restricted
				funds	funds	Total	Total
				2021	2021	2021	2020
			Notes	E	f	f	f
Income from:
Donations and legacies			3	136,264	15,300	151,564	440,445
Grant income			3		188,067	188,067	692,749
Charitable activities			4	139,463		139,463	102,253
Investments			5	48,589	22,357	70,946	34,320
Trading company income			14	107,479		107,479	77,478
Total income				431,795	225,724	657,519	1,347,245
Expenditure on:
Raising funds			6	49,607	2,270	51,877	38,109
Charitable activities			7	487,930	113,468	601,398	584,891
Investment costs			11	1,730	6,870	8,600	7,794
Trading company expenses			14	32,342		32,342	24,018
Total resources expended				571,609	122,608	694,217	654,812
Net (losses)/gains on investments			12	8,274	81,046	89,320	(56,561)
Net incoming resources before
transfers				(131,540)	184,162	52,622	635,872
Gross transfers between		funds		27,000	(27,000)
Net income for the	year/Net
movement in funds				(104,540)	157,162	52,622	635,872
Total funds brought	forward			811,365	1,658,869	2,470,234	1,834,362
Total funds carried	forward			706,825	1,816,031	2,522,856	2,470,234

						Unrestricted	Restricted
						funds	funds	Total
						2020	2020	2020
					Notes	f	f	f
Income from:
Donations and legacies					3	312,716	127,729	440,445
Grant income					3	120,000	572,749	692,749
Charitable activities					4	102,253		102,253
Investments					5	33,869	451	34,320
Trading company income					14	77,478		77,478
Total income						646,316	700,929	1,347,245
Expenditure on:
Raising funds					6	36,698	1,411	38,109
Charitable activities					7	442,134	142,757	584,891
Investment costs					11	1,531	6,263	7,794
Trading company expenses					14	24,018		24,018
Total resources expended						504,381	150,431	654,812
Net (losses)/gains on investments					12	(21,828)	(34,733)	(56,561)
Net incoming resources before transfers						120,107	515,765	635,872
Gross transfers between		funds				25,750	(25,750)
Net income for the	year/Net		movement	in
funds						145,857	490,015	635,872
Total funds brought	forward					665,508	1,168,854	1,834,362
Total funds carried	forward					811,365	1,658,869	2,470,234

					2021		2020
			Notes		f		f
Fixed assets
Intangible assets			15		6,138		6,786
Tangible assets			16		420,428		192,797
Investments			17		1,240,056		1,124,308
					1,666,622		1,323,891
Current assets
Stocks			18	3,533		3,504
Debtors			19	7,783		7,474
Cash at bank and	in	hand		1,108,405		1,462,077
				1,119,721		1,473,055
Creditors: amounts		falling due within one year	20	(263,487)		(326,712)
Net current assets					856,234		1,146,343
Total assets less current liabilities					2,522,856		2,470,234
Income funds
Restricted funds			21		1,816,031		1,658,869
Unrestricted funds			22		706,825		811,365
					2,522,856		2,470,234

					2021		2020
			Notes		f		f
Fixed assets
Intangible assets			15		6,138		6,786
Tangible assets			16		420,428		192,797
Investments			17		1,240,057		1,124,309
					1,666,623		1,323,892
Current assets
Stocks			18	3,533		3,504
Debtors			19	7,783		7,474
Cash at bank and	in	hand		1,108,405		1,462,077
				1,119,721		1,473,055
Creditors: amounts		falling due within one year	20	(263,508)		(326,733)
Net current assets					856,213		1,146,322
Total assets less current liabilities					2,522,836		2,470,214
Income funds
Restricted funds			21		1,816,031		1,658,869
Unrestricted funds			22		706,805		811,345
					2,522,836		2,470,214

					2021		2020
			Notes
Cash flows from operating activities
Cash generated from operations			25		60,287		695,963
Investing activities
Dividends, interest and rents from investments				70,946		34,320
Proceeds from the sales of PPE				249
Purchase of Property, Plant and Equipment				(269,405)		(33,624)
Purchase of intangible asset						(8,483)
Net proceeds from movement on investments				(115,749)		63,067
Net cash (used in)/generated from investing
activities					(313,959)		55,280
Cash flows from financing activities:
Repayments of borrowing				(100,000)
Cash inflows from new borrowing						100,000
Net cash provided by (used in)/generated		from
financing activities					(100,000)		100,000
Change in cash and cash equivalents	in the
reporting period					(353,672)		851,243
Cash and cash equivalents at beginning	ofyear				1,462,077		610,834
Cash and cash equivalents at end ofthe year					1,108,405		1,462,077

Donations and legacies					Unrestricted	Restricted
					funds	funds	Total
					2021	2021	2021
					f	f	f
Donations and gifts					136,264	15,300	151,564
Government grants						188,067	188,067
Donations and gifts
Donations —The Main Library					62,453		62,453
Donations —Voluntary					61,541		61,541
Donations —The Scholarship			Fund
Donations - The Gladstone		Project				300	300
Gift Aid - The Main Library					12,270		12,270
Carnegie fund donations
Arts sponsorship						15,000	15,000
					136,264	15,300	151,564
Grants receivable for core		activities
Garfield Weston funding
Wolfson Foundation funding
Welsh Government Covid	funding
Welsh Government Cultural			grant			146,900	146,900
QRS Funding						12,167	12,167
Business rates grant						29,000	29,000
Moondance Foundation
National Heritage Funding
Other
						188,067	188,067
Comparative information	in		respect ofthe preceding	period	is as follows:
					Unrestricted	Restricted
					funds	funds	Total
					2020	2020	2020
Donations and gifts					312,716	127,729	440,445
Government grants					120,000	572,749	692,749
Donations and gifts
Donations —The Main Library					169,766		169,766
Donations —Voluntary					65,140		65,140
Donations —The Scholarship			Fund			48,667	48,667
Donations —The Gladstone		Project				464	464
Gift Aid —The Main Library					77,810		77,810
Carnegie fund donations						63,598	63,598
Arts sponsorship						15,000	15,000
					312,716	127,729	440,445

Donations and legacies (continued)	Donations and legacies (continued)	Donations and legacies (continued)	Donations and legacies (continued)	Donations and legacies (continued)	Unrestricted	Unrestricted	Restricted
						funds	funds	Total
						2021	2021	2021
						f	f	f
Grants receivable for core activities
Garfield Weston funding							100,000	100,000
Wolfson Foundation		funding				120,000		120,000
Welsh Government		Covid	funding				30,000	30,000
Welsh Government		Cultural		grant			149,000	149,000
CJRS Funding							127,513	127,513
Business rates grant							10,000	10,000
Moondance	Foundation						13,000	13,000
National Heritage Funding							100,200	100,200
Other							43,036	43,036
						120,000	572,749	692,749
Charitable activities					Unrestricted		Restricted
						funds	funds	Total
						2021	2021	2021
						f	f	f
Boarding and	tuition	fees				139,463		139,463
Comparative	information		in	respect ofthe preceding	period	is as follows:
					Unrestricted		Restricted
						funds	funds	Total
						2020	2020	2020
						f	f	f
Boarding and	tuition	fees				102,253		102,253
Investments					Unrestricted		Restricted
						funds	funds	Total
						2021	2021	2021
						f	f	f
Income from	UK listed investments					38,454	14,498	52,952
Cash on special deposit —Main Fund						10,128		10,128
Cash on special deposit —Scholarship							7,859	7,859
Bank interest	receivable							7
						48,589	22,357	70,946

							Unrestricted	Unrestricted	Restricted
								funds	funds	Total
								2020	2020	2020
								f	f	f
	Income from		UK listed investments					31,711	5,513	37,224
	Cash on special deposit				—Main Fund			2,124		2,124
	Cash on special deposit				—Scholarship				(5,062)	(5,062)
	Bank interest		receivable					34		34
								33,869	451	34,320
6.	Raising funds						Unrestricted		Restricted
								funds	funds	Total
								2021	2021	2021
								f	f	f
	Fundraisin	and		ublicit
	Fundraising	salaries						32,809		32,809
	Publicity							16,798	2,270	19,068
								49,607	2,270	51,877
	Comparative		information		in respect ofthe preceding	period	is	as follows:
							Unrestricted		Restricted
								funds	funds	Total
								2020	2020	2020
								f	f	f
	Fundraisin	and		ublicit
	Fundraising	salaries						27,518		27,518
	Publicity							9,180	1,411	10,591
								36,698	1,411	38,109

Charitable activities	Charitable activities	(expenditure)	2021	2020
			f	f
Boarding	and tuition	fees costs
Depreciation			40,191	17,520
Rates and water			8,369	9,007
Light and	heat		40,038	31,371
Repairs and maintenance			79,954	14,057
Insurance			16,894	15,958
Catering	and other purchases		2,720	4,964
Course expenses and		training	310	651
Printing,	postage and	stationery	3,129	2,499
Purchase	of books		2,975	3,557
Carnegie	fund project costs		17,844	2,203
Exhibition	costs			758
			212,424	102,545
Share of	support costs (see note 8)		383,974	479,896
Share of	governance	costs (see note 8)	5,000	2,450
			601,398	584,891
Analysis	by fund
Unrestricted funds			487,930	442,134
Restricted funds			113,468	142,757
			601,398	584,891

Support costs	Support costs	Support costs						Support	Support	Governance
									costs	costs		Total
									2021	2021		2021
									f		f	f
Library, conference			and residential			salaries		251,784				251,784
Wages and	salaries								58,278			58,278
Leasing and		rental							5,260			5,260
Motor and	travel expenses								6,147			6,147
Consultancy		fees							7,004			7,004
Telephone									4,905			4,905
Computer	costs								23,662			23,662
Bank charges									4,094			4,094
Sundry									22,840			22,840
Audit										1,260		1,260
Accountancy										3,740		3,740
								383,974		5,000		388,974
Analysed between			Charitable		activities			383,974		5,000		388,974
Governance		costs	includes	payments			to the auditors	ofE1,260 (2020 —E1,200) for audit			fees.
Comparative		information		in	respect		ofthe preceding	period	is as follows:
								Support		Governance
									costs	costs		Total
									2020	2020		2020
									f		f	f
Library, conference			and residential			salaries		359,403				359,403
Wages and	salaries								55,790			55,790
Leasing and		rental							4,085			4,085
Motor and	travel expenses								10,303			10,303
Consultancy		fees							11,962			11,962
Telephone									10,826			10,826
Computer	costs								17,181			17,181
Bank charges									4,642			4,642
Sundry									5,704			5,704
Audit										(1,850)		(1,850)
Accountancy										4,300		4,300
								479,896		2,450		482,346
Analysed between			Charitable		activities			479,896		2,450		482,346

Number of Employees	Number of Employees		2021	2020
			Number	Number
Number ofcharitable		staff	18	22
			2021	2020
Employment	Costs		E	E
Wages and salaries			305,781	403,190
Socia I security	costs		20,279	23,546
Pension costs			14,153	15,305
			340,213	442,041

	The numbe	r	offull-time e	quivalent staff at the year	end was 23 (2020 - 4).	end was 23 (2020 - 4).
11.	Investment		management	costs	Unrestricted		Restricted
						funds	funds	Total
						2021	2021	2021
						E	E	E
	Profit/loss	on disposal of		tangible fixed assets		90		90
	Investment		management	costs		1,640	6,870	8,510
						1,730	6,870	8,600
	Comparative		information	in respect ofthe preceding	period	is as follows:
					Unrestricted		Restricted
						funds	funds	Total
						2020	2020	2020
						f	E	f
	Investment		management	costs		1,531	6,263	7,794

Net gains/(losses)	Net gains/(losses)	on investments	on investments	Unrestricted	Unrestricted	Restricted
					funds	funds	Total
					2021	2021	2021
					f	f	f
Gain/(loss)	on sale	of investments			8,274	81,046	89,320
Comparative	information		in respect ofthe preceding	period	is as follows:
				Unrestricted		Restricted
					funds	funds	Total
					2020	2020	2020
					f	f	f
Gain/(loss)	on sale	of investments		(21,828)		(34,733)	(56,561)

Profit and Loss Account	Profit and Loss Account	Profit and Loss Account		2021	2020
Gladstone's	Library	Services Ltd		f	f
Turnover				107,479	77,478
Cost ofsales				26,591	21,281
Gross profit				80,197	56,197
Administrative	expenses			5,751	2,737
Profit before	tax			75,137	53,460
Tax on profit/(loss)		on ordinary	activities
Profit for the financial year				75,137	53,460

15.	Intangible fixed assets
	Group and Company				Software f	Total f
	Cost
	At 1January 2021and	31December 2021			8,483	8,483
	Depreciation
	At 1January 2021				1,697	1,697
	Charge for the year				648	648
	At 31December 2021				2,345	2,345
	Carrying amount
	At 31December 2021				6,138	6,138
	At 31December 2020				6,786	6,786
16.	Tangible fixed assets
			Freehold	land	Plant and
	Group and Company		and buildings f		equipment f	Total f
	Cost
	At 1January 2021		62,355		438,590	500,945
	Additions		156,911		112,494	269,405
	Disposals				(338)	(338)
	At 31December 2021		219,266		550,746	770,012
	Depreciation and impairment
	At 1January 2021		21,140		287,008	308,148
	Depreciation charged	in the year	19,629		21,807	41,436
	At 31December 2021		40,769		308,815	349,584
	Carrying amount
	At 31December 2021		178,497		241,931	420,428
	At 31December 2020		41,215		151,582	192,797

Fixed asset investments				Cash on
			Cash on	special
		Scholarship	special	deposit-
	Main fund	fund	deposit-	Scholarship	Other
	investments	investments	Main fund	fund	investments	Total
	f	f	f	f		f
Cost or valuation
At 1January 2021	211,031	844,461	6,289	62,527	1	1,124,309
Additions	22,638	93,230	(22,638)	(93,230)
Valuation changes	18,402	88,905				107,307
Other movements			815	7,626		8,441
Disposals	(19,708)	(98,021)	19,708	98,021
At 31December 2021	232,363	928,575	4,174	74,944	1	1,240,057
Carrying amount
At 31December 2021	232,363	928,575	4,174	74,944	1	1,240,057
At 31December 2020	211,031	844,461	6,289	62,527	1	1,124,309

18.	Stock				Group		Company
					2021	2020	2021	2020
					f	f	f	f
	Stock				3,533	3,504	3,533	3,504
19.	Debtors				Group		Company
					2021	2020	2021	2020
					f	f	f	f
	Amounts	falling due within one year:
	Trade debtors
	Other debtors				7,783	7,474	7,783	7,474
					7,783	7,474	7,783	7,474
20.	Creditors:	amounts		falling due within one year	Group		Company
					2021	2020	2021	2020
					f	f	f	f
	Amounts	falling due within one year:
	Trade creditors				57,295	33,128	50,378	32,288
	Owed to group		companies				8,338	2,361
	Other taxation		and	social security	17,388	14,577	17,388	14,577
	Other creditors				188,804	179,008	187,404	177,507
	Bank loan					100,000		100,000
					263,487	326,713	263,508	326,733

Restricted income funds	Restricted income funds			Movement	in funds
		Balance at					Balance at
		1January	Incoming	Resources		Gains & 31December
		2021	resources	expended	Transfers	losses	2021
		f	f	f	f	f	f
Scholarship Fund		779,801	22,357	(6,870)	(27,000)	81,046	849,334
Writers in Residence		75,044	15,000	(2,270)			87,774
Living Heritage	Fund	21,952	300	(4,341)			17,911
Maartin Merten	donations	1,681					1,681
Carnegie fund		150,576		(17,844)			132,732
Exhibition fund		18,269					18,269
House ofWisdom donations		319					319
Elizabeth Hilton	legacy	2,000					2,000
COVID grants received		440,601	188,067	(91,283)			537,385
Golothan fund		168,626					168,626
		1,658,869	225,724	(122,608)	(27,000)	81,046	1,816,031
Scholarship fund breakdown					2021		2020
				0/	f	0/	f
Canon Symonds				7.41	62,935	7.41	57,783
Bishop Moorman				5.26	44,675	5.26	41,018
Dr McGregor				14.49	123,068	14.49	112,993
General				7.39	62,766	7.39	57,627
Tom Jarman				3.82	32,445	3.82	29,788
Veronica Powles				2.88	24,461	2.88	22,458
The Lawton				3.63	30,831	3.63	28,307
The Drew				4.83	41,023	4.83	37,664
Dr Daisy Ronco				2.24	19,025	2.24	17,468
Richard Hills				4.67	39,664	4.67	36,417
Gladstone				0.92	7,814	0.92	7,174
Ernest Walder				3.22	27,348	3.22	25,110
Canon Denys Ruddy				7.37	62,596	7.37	57,471
Father John Thorold				6.16	52,319	6.16	48,036
Jim Cotter Trust				10.71	90,964	10.71	83,517
Stanta n Me mori aI				5.35	45,439	5.35	41,719
Eileen Stamper				9.65	81,961	9.65	75,251
				100.00	849,334	100.00	779,801

Compara	tive in	formation in r	espect ofthe	preceding per	iod is as follo	ws:
					Movement	in funds
			Balance at					Balance at
			1January	Incoming	Resources		Gains &	31December
			2020	resources	expended	Transfers	losses	2020
			f	f	f			f
Scholarship Fund			846,055	492	(6,263)	(25,750)	(34,733)	779,801
Writers	in Residence		61,455	15,000	(1,411)			75,044
Living Heritage		Fund	29,136	464	(7,648)			21,952
Maartin	Merten	donations	1,681					1,681
Carnegie	fund		89,181	63,598	(2,203)			150,576
Exhibition fund			19,027		(758)			18,269
House ofWisdom donations			319					319
Elizabeth	Hilton	legacy	2,000					2,000
COVID grants received				572,749	(132,148)			440,601
Golothan	fund		120,000	48,626				168,626
			1,168,854	700,929	(150,431)	(25,750)	(34,733)	1,658,869

Unrestricted	Unrestricted		income funds	income funds	income funds			Movement	Movement	in	funds
						Balance at							Balance at
						1January	Incoming	Resources				Gains & 31December
						2021	resources	expended		Transfers		losses	2021
						f	f		f		f	f	f
Designated		Funds
Investment		reserve				217,320	48,589		(1,640)		(36,006)	8,274	236,537
The Gladstone			Project			282,958							282,958
Wolfson	Foundation					120,000							120,000
Sponsor	a Shelf Funds					56,978	31,440						88,418
						677,256	80,029		(1,640)		(36,006)	8,274	727,913
General	Fund					(265,713)	244,287		(537,627)		63,006		(496,047)
Trading	company			reserves		399,822	107,479		(32,342)				474,959
						811,365	431,795		(571,609)		27,000	8,274	706,825
Comparative			information		in	respect ofthe	preceding period		is as follows:
								Movement		in	funds
						Balance at							Balance at
						1January	Incoming	Resources				Gains & 31December
						2020	resources	expended		Transfers		losses	2020
						f	f		f		f	f	f
Designated		Funds
Investment		reserve				263,844	33,869		(1,531)		(57,034)	(21,828)	217,320
The Gladstone			Project			261,188	21,770						282,958
Wolfson	Foundation						120,000						120,000
Sponsor	a Shelf Funds						56,978						56,978
						525,032	232,617		(1,531)		(57,034)	(21,828)	677,256
General	Fund					(205,886)	336,221		(478,832)		82,784		(265,713)
Trading	company			reserves		346,362	77,478		(24,018)				399,822
						665,508	646,316		(504,381)		25,750	(21,828)	811,365

2021	2020
f	f
77,239	76,272

25.	Cash generated from operations	Cash generated from operations				2021 f	2020 f
	Surplus/(deficit) for the year					52,622	635,872
	Adjustments for:
	Depreciation charges					42,084	19,724
	Dividends, interest and rents from investments					(70,946)	(34,320)
	Loss/(profit) on the sale offixed		assets			90
	Movements in working capital:
	(Increase)/decrease	in stocks				(29)	1,314
	(Increase)/decrease	in debtors				(309)	41,594
	(Increase)/decrease	in creditors				36,775	31,779
	Cash generated from operations					60,287	695,963
26.	Analysis ofnet assets between		funds
	Group				Unrestricted	Restricted	Total
					f	f	f
	Fund balances at 31	December 2021are represented		by:
	Intangible assets				6,138		6,138
	Tangible assets				204,899	215,529	420,428
	Investments				236,538	1,003,519	1,240,057
	Current assets/(liabilities)				259,250	596,983	856,233
					706,825	1,816,031	2,522,856
	Company				Unrestricted f	Restricted f	Total f
	Fund balances at 31	December 2021are represented		by:
	Intangible assets				6,138		6,138
	Tangible assets				204,899	215,529	420,428
	Investments				236,538	1,003,519	1,240,057
	Current assets/(liabilities)				259,230	596,983	856,213
					706,805	1,816,031	2,522,836

	Comparative information	Comparative information	period	is as follows:
	Group		Unrestricted f		Restricted f	Total f
	Fund balances at 31	December 2020 are represented	by:
	Intangible assets			6,786		6,786
	Tangible assets			167,804	24,993	192,797
	Investments			217,320	906,988	1,124,308
	Current assets/(liabilities)			419,454	726,888	1,146,342
				811,364	1,658,869	2,470,233
	Company		Unrestricted f		Restricted f	Total f
	Fund balances at 31	December 2020 are represented	by:
	Intangible assets			6,786		6,786
	Tangible assets			167,804	24,993	192,797
	Investments			217,321	906,988	1,124,309
	Current assets/(liabilities)			419,434	726,888	1,146,322
				811,345	1,658,869	2,470,214
27.	Analysis ofchanges	in net (debt)/funds
			At	1January		31December
				2021	Cash flows	2021
				f	f	f
	Cash at bank and in	hand		1,462,077	(353,672)	1,108,405