Consolidated Statement of Cash Flow

For the year ended 31 July 2023

	Note	2022/23 £000	(Restated) 2021/22 £000
Cash flows from operating activities
Surplus / (Deficit) for the year		162	(406)

Adjustments for non-cash items
Depreciation, amortisation	11, 12	5,405	4,812
Deferred capital grants released		(649)	(649)
Pension costs less contributions payable		667	3,073
(Increase) / decrease in operating debtors		(981)	33
Increase / (decrease) in operating creditors		262	(471)
Increase / (decrease) in pension provision		(130)	592

Adjustments for investing or financing activities
Investment income and interest receivable		(998)	(72)
Interest payable		746	1,000

Net cash inflow / (outflow) from operating activities		4,484	7,912

Cash flows from investing activities
Investment income		586	72
Payments made to acquire fixed assets		(610)	(819)
		(24)	(747)

Cash flows from financing activities
Interest paid		(746)	(1,000)
Repayments of amounts borrowed		(1,505)	(6,528)
		(2,251)	(7,528)

(Decrease) / Increase in cash and cash equivalents in the year		2,206	(363)

Cash and cash equivalents at beginning of the year		15,244	15,607
Cash and cash equivalents at end of the year		17,450	15,244
		2,206	(363)