Southwark Report Internals final single

ANNUAL
ACCOUNTS
Cash Flow Statement
FOR THE YEAR ENDED 31 DECEMBER 2021
Cash flows from operating activities
2021 2020
£ £
Net cash provided by (used in) operating activities: (see below) 3,489,517 1,441,442
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Cash flows from investing activities
Dividends, interest and rents from investments 1,031,334 980,660
Purchase of property (2,167,469) (1,231,672)
Proceeds from sale of property 2,478,487 1,642,810
Purchase of investments (4,972,506) (4,979,314)
Proceeds from sale of investments 7,955,701 6,232,221
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Net cash provided by (used in) investing activities 4,325,547 2,644,705
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Change in cash and cash equivalents in reporting period 3,489,517 3,922,099
Cash and cash equivalents at beginning of reporting period 10,245,269 6,323,170
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Cash and cash equivalents at end of reporting period 13,734,786 10,245,269
Reconciliation of net incoming resources to cash flow from
operating activities
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Net income for reporting period (as in SOFA) 6,084,707 11,590,818
Adjustments for:
Depreciation 559,263 560,565
Returns on investments (5,054,818) (17,008,819)
Dividends (1,031,334) (980,660)
Net gain on Disposal of school sites and Fixed Assets 1,336,993 207,427
Net gain on Disposal of Investment Properties 280,147 62,453
(Increase)/Decrease in Debtors 751,533 608,250
Increase/(Decrease) in Creditors 563,026 6,401,708
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Net Cash provided by/ (used in) operating activities 3,489,517 1,458,812
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ANALYSIS OF CHANGES IN CASH AT BANK AND IN HAND
2021 Cash flow 2020
£ £ £
Cash at bank and in hand 13,734,786 3,489,517 10,245,269
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