Trent Bridge Annual Report 2018

39 FINANCIAL REPORT STATEMENT OF CASH FLOWS F O R T H E Y E A R E ND E D 3 0 S E P T E M B E R 2 0 1 8 2018 2017 £ £ Cash flows from operating activities 720,681 456,908 Surplus/(Deficit) for the financial year Adjustments for: Taxation 187,579 (177,791) Depreciation 638,961 634,107 Amortisation of grants received (270,882) (410,882) Interest paid 304,806 194,973 Interest received (8,998) (6,570) (Increase) / decrease in stocks 22,703 (47,949) (Increase) / decrease in debtors (251,116) (43,830) Decrease / Increase in creditors (429,057) 139,563 Corporation tax paid (36,790) (98,724) Net cash generated from operating activities 877,887 639,805 Cash flows from investing activities Purchase of tangible fixed assets (3,182,536) (4,640,362) Interest received 8,998 6,570 Net cash from investing activities (3,173,538) (4,633,792) Cash flows from financing activities Issue of ordinary shares 27 8 New loans received 2,303,779 4,331,415 Repayment of loans (449,182) (442,656) Grant funding received - 1,090,000 Interest paid (304,806) (194,973) Net cash used in financing activities 1,549,818 4,783,794 Net increase/(decrease) in cash and cash equivalents (745,833) 789,807 Cash and cash equivalents at the beginning of year 2,116,410 1,326,603 Cash and cash equivalents at the end of year 1,370,577 2,116,410 Cash and cash equivalents at the end of year comprise: Cash at bank and in hand 1,370,577 2,116,410 1,370,577 2,116,410 The notes on pages 40 to 46 form part of these financial statements.