FINANCIAL STATEMENTS
Consolidated statement of cash flows FOR THE YEAR ENDED 31 MARCH 2021 Note
2021 2020 £’000 £’000
Cash flows from operating activities: Net cash used in operating activities 22 (8,927) (5,799) Cash flows from investing activities: Dividends, interest and rents from investments 4,486 5,077 Proceeds from the sale of investments 26,958 29,737 Purchase of tangible fixed assets (12,597) (6,428) Purchase of investments (20,852) (28,894) Repayments of programme-related loans 39 17 Net cash used in investment activities (1,966) (491) Cash flows from financing activities Cash inflows from new borrowing 30,000 – Capital repayment of borrowing (10,000) – New finance leases 2,580 – Capital element of finance lease repayments (574) (293) Net cash provided by financing activities 22,006 (293) Change in cash and cash equivalents in the reporting period 11,113 (6,583) Cash and cash equivalents at the beginning of the reporting period 37,149 43,732 Cash and cash equivalents at the end of the reporting period 48,262 37,149
Analysis of changes in net debt Total funds Total funds brought forward Other carried forward as at 1 April 2020 Cash flows movements at 31 March 2021 £’000 £’000 £’000 £’000
Cash and cash equivalents 37,149 Finance leases (1,374) Borrowing (10,000) 25,775
32
UCLH CHARITY ANNUAL REPORT & ACCOUNTS 2020 –21
11,113 574 (20,000) (8,313)
– (2,580) – (2,580)
48,262 (3,380) (30,000) 14,882
