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Cash flow statement

Issue date
TRADES UNION CONGRESS

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 1996

Note 1996 1995
£ £
NET CASH (OUTFLOW) FROM OPERATING ACTIVITIES A (1,259,857 ) (1,058,953 )
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Interest Received 234,617 202,128
Rents Received 451,152 509,712
NET CASH INFLOW FROM RETURNS ON INVESTMENTS 685,769 711,840
(574,088 ) (347,113 )
INVESTING ACTIVITIES
Property Refurbishment (617,179 ) (27,607 )
Purchase of Furniture and Fittings (80,706 ) (137,434 )
Purchase of Equipment (209,768 ) (370,417 )
Sale of Equipment 210 19,761
Purchase of Investments (336,867 ) (593,041 )
Sale of Investments 682,013 1,489,138
NET CASH (OUTFLOW) INFLOW FROM INVESTING ACTIVITIES (562,297 ) 380,400
NET CASH (OUTFLOW) INFLOW BEFORE FINANCING (1,136,385 ) 33,287
FINANCING
Movement in Staff Loans 13,295 12,163
Movement in Loan 495,098 -
Repayment of NEC Loan - (167,640 )
NET CASH INFLOW (OUTFLOW) FROM FINANCING 508,393 (155,477 )
(DECREASE) IN CASH B £(627,992 ) £(122,190 )
TRADES UNION CONGRESS

NOTES TO CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 1996

1996 1995
£ £
A RECONCILIATION OF OPERATING RESULTS TO NET CASH (OUTFLOW) FROM OPERATING ACTIVITIES
OPERATING SURPLUS (DEFICIT) 293,206 (1,274,765 )
VAT Recovered in respect of past years - 22,991
Interest Received (234,617 ) (202,128 )
Rents and Service Charges (451,152 ) (509,712 )
Depreciation and Amortisation 320,920 332,740
Provision for Dilapidations 250,000 250,000
(Increase) in amount due from TUC Educational Trust (1,114,944 ) (428 )
Decrease (Increase) in Sundry Debtors and Prepayments 351,156 (189,819 )
(Decrease) Increase in Sundry Creditors (674,426 ) 512,168
NET CASH (OUTFLOW) £(1,259,857 ) £(1,058,953 )

B

CHANGES IN CASH DURING YEAR

Balance at 1 January 1996 854,755 976,945
Balance at 31 December 1996 226,763 854,755
(DECREASE) IN CASH £(627,992 ) £(122,190 )