Hartpury Annual Report July 2025

Consolidated Statement of Cash Flows Year ended 31 July 2025

2025 £

2024 £

Notes

Cash flow from operating activities Surplus from the year

4,172,247

2,283,345

Adjustments for non-cash items Depreciation

3,822,245

3,624,605

Decrease/(Increase) in stocks

56,117

(62,064)

Decrease/(Increase in debtors

(792,149)

237,841

(Decrease)/increase in creditors due within one year

(133,965)

(827,401)

Increase in creditors due after one year

1,773,476

7,987,603

(Decrease) in provisions

(6,553)

(6,627)

Pension costs less contributions payable

(780,895)

(692,000)

Adjustment for investing or financing activities

(421)

(397)

Investment income

Interest receivable

(128,849)

(131,229)

Interest payable

1,177,327

1,310,013

(Profit) on sale of fixed assets

-

(21,505)

Net cash flows from operating activities

9,158,580

13,702,184

Cash flows from investing activities Proceeds from sale of fixed assets

-

(26,014)

Investment income

421

397

Interest receivable

128,849

131,229

Payment made to acquire fixed assets

(6,411,799)

(10,282,095)

(6,282,529)

(10,124,455)

Cash flows from financing activities Interest paid

(1,137,068)

(1,243,727)

Interest element of finance lease rental payments

(40,259)

(66,286)

Repayments of amounts borrowed

(2,014,799)

(1,909,728)

Capital element of finance lease rental payments

(239,379)

(252,497)

(3,431,505)

(3,472,238)

Increase in cash and cash equivalents in the year

(555,454)

105,491

Cash and cash equivalents at beginning of the year

7,144,587

7,039,096

6,589,133

7,144,587

Cash and cash equivalents at the end of the year

The notes on pages 44 to 72 form part of these financial statements.

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