Notes forming part of the Financial Statements
19 FUNDS (continued) (c) Movement in consolidated funds (continued) The above funds carried forward at 31 December 2007 represent: (i) Income from appeals and donations that are not yet applied in the countries specified by the donor. (ii) Funds for use at the discretion of the Council to expand the activities of the charity. (iii) Funds set aside to cover the expected deficit on unrestricted funds in 2008. (iv) The net book amounts already invested in or contractually committed to tangible fixed assets for use by the charity. (v) The net amount that Council has agreed to be set aside to ensure that it can protect its ongoing programme of work from unexpected variances in income and at the same time retain an effective emergency response capacity. (vi) Analysis of group net assets between funds: Restricted Unrestricted funds funds
Total funds
€’000
€’000
€’000 15,861
Funds balances at 31 December 2007 are represented by: Tangible fixed assets
-
15,861
Current assets
15,555
14,330
29,885
Current liabilities
(7,971)
(3,079)
(11,050)
Creditors: amounts falling due after one year
-
(1,276)
(1,276)
Staff retirement liabilities
-
(4,525)
(4,525)
7,584
21,311
28,895
20 RECONCILIATION OF OPERATING DEFICIT TO NET CASH OUTFLOW FROM OPERATING ACTIVITIES
Net outgoing resources Deposit interest earned Depreciation Goodwill amortisation
2007
2006
€’000
€’000
(9,422)
(6,472)
(748)
(777)
823
715
-
125
278
168
(Profit)/loss on disposal of tangible fixed assets
(1)
54
Decrease in stocks
89
16
905
(1,661)
(Decrease)/increase in creditors
(146)
1,735
Exchange (loss)/gain
(222)
144
(8,444)
(5,953)
Non cash defined benefit pension scheme charge
Decrease/(increase) in debtors
Net cash outflow from operating activities
103