**Charity registration number 108956**
**Company registration number NI675138 (Northern Ireland)**
## **SKY WATCH NI**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
## **SKY WATCH NI**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr Christopher Dugan Mrs Heather Hendry Miss Elizabeth Reid Mr Paul Trimble Mr Jonathan McHugh
**Secretary** Miss Elizabeth Reid **Charity number** 108956 **Company number** NI675138 **Registered office** 15 Broadwater Park Aghalee Craigavon Co. Armagh BT67 0EW **Independent examiner** Harbinson Mulholland Centrepoint 24 Ormeau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS
## **SKY WATCH NI**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Statement of financial position|5|
|Statement of cash flows|6|
|Notes to the financial statements|7 - 15|
## **SKY WATCH NI**
## **TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
The trustees present their annual report and financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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).
## **Objectives and activities**
The Charity’s purposes are to promote for the benefit of the public, the preservation, protection and rescue of people, property and the environment by the use of aerial observation over land and water and underwater observation, in order to identify situations where people and/or property and/or the environment is at risk and by working with and reporting such incidents to the statutory Emergency Services and such other bodies as deemed appropriate.
The benefits resulting from the work of Sky Watch NI are that, by the use of aerial observation and reporting of relevant information to the emergency services and other statutory bodies, people, property and the environment in Northern Ireland will be protected, where there is a risk to life or injury, due to fire, floods, hazardous material, etc.
## **Achievements and performance**
_Significant activities and achievements against objectives_
We continue to respond to callouts from Northern Ireland Fire and Rescue Service (NIFRS), Police Service of Northern Ireland (PSNI) and the general public where there is a danger to life or the environment.
We have assisted at wild-land fires and been involved in searches for missing people and animals at risk.
Several new members have joined Sky Watch NI this year, each one bringing their own expertise to assist our work. Training programmes are continually held to ensure our responders are learning new skills and are competent in using our specialist equipment thus helping to ensure our responders offer the best possible level of service to our end users.
Members attended and organised a number of successful fundraising events during the year and we appreciate support received from local businesses, community groups and statutory bodies, as well as members of the public. Without this support we could not continue to provide this essential service.
Sky Watch NI fully participates in the Department of Justice hosted Northern Ireland Search and Rescue (NISAR) and one of our Trustees currently chairs the Search and Rescue (SAR) Communications Committee.
## **Financial review**
The net expenditure for the year amounted to (£67,774). At the year end fund balances totalled £189,318, of which £180,354 is attributable to restricted reserves and £8,964 attributable to unrestricted reserves.
## **Structure, governance and management**
The charity is a company limited by guarantee without share capital.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr Christopher Dugan Mrs Heather Hendry Miss Alison McMahon (Resigned 18 February 2024) Miss Elizabeth Reid Mr Paul Trimble Mr Jonathan McHugh
- 1 -
## **SKY WATCH NI**
## **TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
The trustees' report was approved by the Board of Trustees.
Mr Paul Trimble **Trustee**
15 November 2024
- 2 -
SKYWATCH NI
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SKYWATCH NI
We report to the trustees on our examination of the financial statements of Sky Watch Nl (the charity) for the year
ended 30 June 2024.
Rasponslbllltles and basis of report
As Ihe trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial stalements and you have considered the audit requirement of Section 65{3) of the
Charities Ad (Nl) 2008 (the Act). Having satisfied ourselves Ihal Ihe charity is not subject to audit under company
law, and is eligible for independent examination, il is our responsibility to..
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008..
follow the procedures laid down in the general Directions given by the Charity Commission for North8m
Ireland under section 65{9)(b) of the Charities Act.,
state whether particular matters have come to our attention.
Independent examlnerf• •tstwn•nt
We have examined your charity accounts as required under Sectlon 65 of the Charities Act and our examination
was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland
under section 65(91(bl of the Charities Act. The examination induded a review of the accounting records kept by
the charity and g comparison of the accounts presented with those records. It also included considwation of any
unusual items or disclosures in the accounts, and seeking explanation8 from you as charity trustees conceming any
such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe..
That accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or
the financial statements do not eccord with those records,. or
That the financial statements do not comply with the accounting requirements of section 396 of the Companies
Act 2006 and with the melhods and principles of Ihe Charities Statement of Recommended Practice applicable
to charities weparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland.
That there Is further inforrnation needed for a proper understanding of the accounts to be reached.
We have completed our examination and have no concems In respect of the rnatters (1) to (4) listed above and, in
connection wilh following the Directions of the Charity Commission for Northern Ireland, we have found no matters
that require drawing to your attenlion.
Harbln•on Mulholl#nd
Cenlrepoint
24 OTmeau Avenue
Belfast
Co. Antrim
BT2 8HS
Northem Ireland
## **SKY WATCH NI**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
4,352
8,500
Charitable activities
**4**
1,000
-
Other income
**5**
3,545
-
**Total income**
8,897
8,500
**Expenditure on:**
Charitable activities
**6**
10,867
74,304
**Total expenditure**
10,867
74,304
**Net expenditure**
(1,970)
(65,804)
Transfers between
funds
510
(510)
**Net movement in**
**funds**
**8**
(1,460)
(66,314)
**Reconciliation of funds:**
Fund balances at 1 July 2023
10,424
246,668
**Fund balances at 30 June**
**2024**
8,964
180,354|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
12,852
4,259
7,500
1,000
1,285
-
3,545
3,475
-
17,397
9,019
7,500
85,171
8,381
72,003
85,171
8,381
72,003
(67,774)
638
(64,503)
-
3,223
(3,223)
(67,774)
3,861
(67,726)
257,092
6,563
314,394
189,318
10,424
246,668|**Total**
**2023**
**£**
11,759
1,285
3,475
16,519
80,384
80,384
(63,865)
-
(63,865)
320,957
257,092|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
## **SKY WATCH NI**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 30 JUNE 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
**Net current liabilities**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**14**
Unrestricted funds|**2024**
**£**
1,865
(5,601)|**£**
193,054
(3,736)
189,318
189,318
180,354
8,964
189,318|**2023**
**£**
7,243
(16,235)|**£**
266,084
(8,992)
257,092
257,092
246,668
10,424
257,092|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 15 November 2024
Miss Elizabeth Reid Mr Paul Trimble **Trustee Trustee**
Company registration number NI675138 (Northern Ireland)
- 5 -
## **SKY WATCH NI**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**2024**
**Notes**
**£**
**£**
**Cash flows from operating activities**
Cash generated from operations
**19**
4,047
**Investing activities**
Purchase of tangible fixed assets
-
Proceeds from disposal of tangible fixed
assets
575
**Net cash generated from investing**
**activities**
575
**Financing activities**
Repayment of borrowings
(10,000)
**Net cash used in financing activities**
(10,000)
**Net (decrease)/increase in cash and cash**
**equivalents**
(5,378)
Cash and cash equivalents at beginning of year
7,243
**Cash and cash equivalents at end of year**
1,865|**2023**
**£**
(2,000)
5,075
(5,000)|**£**
5,233
3,075
(5,000)
3,308
3,935
7,243|
|---|---|---|
- 6 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **1 Accounting policies**
## **Charity information**
Sky Watch NI is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 15 Broadwater Park, Aghalee, Craigavon, Co. Armagh, BT67 0EW.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 20% straight line Motor vehicles 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
4,055
-
Grants
-
8,500
Membership fees
297
-
4,352
8,500
**Grants receivable for**
**core activities**
Department for Justice -
NISAR
-
8,500
-
8,500|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
4,055
3,944
-
8,500
-
7,500
297
315
-
12,852
4,259
7,500
8,500
-
7,500
8,500
-
7,500|Total
2023
£
3,944
7,500
315|
|---|---|---|
|||11,759|
|||7,500|
|||7,500|
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|**Charitable Activities**|||
|Sale of goods|1,000|1,285|
## **5 Other income**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Net gain on disposal of tangible fixed assets|185|3,475|
|Other income|3,360|-|
||3,360|-|
- 10 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **6 Expenditure on charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Activities**|**Activities**|
||**2024**|**2023**|
||**£**|**£**|
|**Direct costs**|||
|Depreciation and impairment|72,641|72,437|
|Activities undertaken directly|11,930|7,347|
||84,571|79,784|
|**Share of support and governance costs (see note 7)**|||
|Governance|600|600|
||85,171|80,384|
|**Analysis by fund**|||
|Unrestricted funds|10,867|8,381|
|Restricted funds|74,304|72,003|
||85,171|80,384|
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**2024**Support costs Governance
costs
**£**
**£**
**£**
£
£
Accountancy
-
600
600
-
600
-
600
600
-
600
Analysed between
Charitable activities
-
600
600
-
600
**8**
**Net movement in funds**
**2024**
**£**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
72,641
Profit on disposal of tangible fixed assets
(185)|2023
£
600
600
600
**2023**
**£**
72,437
(3,475)|
|---|---|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 11 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **10 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Plant and**
**equipment**
**£**
**Cost**
At 1 July 2023
101,653
Disposals
(650)
At 30 June 2024
101,003
**Depreciation and impairment**
At 1 July 2023
27,080
Depreciation charged in the year
20,201
Eliminated in respect of disposals
(260)
At 30 June 2024
47,021
**Carrying amount**
At 30 June 2024
53,982
At 30 June 2023
74,573
**Creditors: amounts falling due within one year**
Borrowings
Trade creditors
Accruals and deferred income||**Motor**
**vehicles**
**£**
262,198
-
262,198
70,686
52,440
-
123,126
139,072
191,511
**2024**
**£**
5,000
-
601
5,601|**Total**
**£**
363,851
(650)|
|---|---|---|---|
||||363,201|
||||97,766
72,641
(260)|
||||170,147|
||||193,054|
||||266,084|
||||**2023**
**£**
15,000
35
1,200|
||||16,235|
## **13 Creditors: amounts falling due within one year**
- 12 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **14 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
Department of Justice
-
8,500
(6,578)
(1,867)
DAERA
246,668
-
(67,726)
1,357
246,668
8,500
(74,304)
(510)
**Previous year:**
**At 1 July 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
-
-
-
-
Department of Justice
-
7,500
(4,277)
(3,223)
DAERA
314,394
-
(67,726)
-
314,394
7,500
(72,003)
(3,223)|**30 June**
**2024**
**£**
55
180,299
180,354
**30 June**
**2023**
**£**
-
-
246,668
246,668|
|---|---|
Restricted funds are those which have been given for a particular purpose.
Transfers between unrestricted and restricted funds in the year relate to restricted grant expenditure of £1,867 which was allocated to unrestricted expenditure in the prior financial year, and £1,357 fund reallocation in relation to restricted assets.
The DAERA funds represent the net book value of tangible fixed assets purchased with the restricted funds.
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
10,424
8,897
(10,867)
510
**Previous year:**
**At 1 July 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
6,563
9,019
(8,381)
3,223|**30 June**
**2024**
**£**
8,964
**30 June**
**2023**
**£**
10,424|
|---|---|
- 13 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **16 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 30 June 2024:**
Tangible assets
12,755
180,299
Current assets/(liabilities)
(3,791)
55
8,964
180,354
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 30 June 2023:**
Tangible assets
19,416
246,668
Current assets/(liabilities)
(8,992)
-
10,424
246,668|**Total**
**2024**
**£**
193,054
(3,736)
189,318
**Total**
**2023**
**£**
266,084
(8,992)
257,092|
|---|---|
## **17 Related party transactions**
During the year loans were repaid to related parties. As at 30 June 2024, £5,000 remained owing to the related parties.
## **18 Analysis of changes in net (debt)/funds**
|**At 1**
Cash at bank and in hand
Loans falling due within one year|**July 2023**
**Cash flows At 30 June 2024**
**£**
**£**
**£**
7,243
(5,378)
1,865
(15,000)
10,000
(5,000)
(7,757)
4,622
(3,135)|
|---|---|
- 14 -
## **SKY WATCH NI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**19**|**Cash generated from operations**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Deficit for the year|(67,774)|(63,865)|
||Adjustments for:|||
||Gain on disposal of tangible fixed assets|(186)|(3,475)|
||Depreciation and impairment of tangible fixed assets|72,641|72,437|
||Movements in working capital:|||
||(Increase)/decrease in debtors|-|101|
||(Decrease)/increase in creditors|(634)|35|
||**Cash generated from operations**|4,047|5,233|
- 15 -