| |
|
2007 £’000 |
2006 £’000 |
Operating Activities
|
|
|
|
| Receipts of interest and dividends |
|
35,309
|
32,684 |
| Other incoming resources |
|
488
|
- |
| Payments of expenses |
|
(507) |
(568) |
| Payments of charitable grants |
|
(37,972) |
(36,446) |
| |
|
|
|
| Net cash outflow from operating activities |
|
(2,682) |
(4,330) |
| |
|
|
|
| Investing activities |
|
|
|
| Proceeds from disposal of investments |
|
32,180
|
20,296 |
| Purchase of investments |
|
(31,806) |
(19,881) |
| |
|
|
|
| Net cash inflow from investing activities |
|
374 |
415 |
| |
|
|
|
| Decrease in cash |
|
(2,308) |
(3,915) |
| |
|
|
|
| a) Reconciliation of changes in resources to net cash outflow
from operating activities |
|
|
|
| Net outgoing resources |
|
(4,129) |
(6,056) |
| (Increase)/decrease in debtors |
|
(126) |
275 |
| Increase in creditors |
|
1,573 |
1,451 |
| |
|
|
|
| Net cash outflow from operating activities |
|
(2,682) |
(4,330) |
| |
|
|
|
| b) Analysis of changes in cash during the year |
|
|
|
| Cash at bank at beginning of the year |
|
31,791 |
35,706 |
| Decrease in cash |
|
(2,308) |
(3,915) |
| |
|
|
|
| Cash at bank at end of the year |
|
29,483 |
31,791 |
| |
|
|
|
