Cash Flow Statement

The British Sub Aqua Club
Annual Report & Accounts 2005

Cash Flow Statement For the year ended 31 December 2005

	Cashflow	2005		as restated 2004
	Notes	£	£	£	£
Net cash inflow/(outflow)
from operating activities	1		18,705		(14,474)
Returns on investments and
servicing of finance	2		4,711		5,515
Taxation			(11,605)		(33,809)
Capital expenditure	2		(20,458)		(10,707)

			(8,647)		(53,475)
Financing	2		-		(59,535)
Increase/(Decrease) in cash in the period			(8,647)		(113,010)

Reconciliation of net cash flow
to movement in net debt	3
Increase/(Decrease)
in cash in the period		(8,647)		(113,010)
Cash outflow
from decrease in
debt and lease financing		-		(59,535)


Change in net debt resulting
from cash flows			(8,647)		(172,545)
Movement in net debt in the period			(8,647)		(53,475)
Net debt at 1 January			91,314		144,789
Net debt at 31 December 2005			82,667		91,314

Notes to the cash flow statement for the year ended 31 December 2005
1.	Reconciliation of operating surplus to net cash inflow/ (outflow) from operating activities
		2005	2004
		£	£
	Operating surplus/ (deficit)	(70,282)	15,121
	Exceptional overseas income	148,630	-
	Depreciation charges	25,050	32,216
	Profit on disposal of fixed assets	-	(400)
	(Increase)/Decrease in stocks	21,116	(35,905)
	Decrease/(Increase) in debtors	35,875	(18,602)
	Increase/(Decrease) in creditors	(141,684)	(6,904)
	Net cash inflow/(outflow) from operating activities	18,705	(14,474)
2.	Analysis of cash flows for headings netted in the cash flow statement
		2005	2004
		£	£
	Returns on investments and servicing of finance
	Interest received	4,711	7,856
	Interest paid	-	(2,341)
	Net cash outflow for returns on investments and servicing of finance	4,711	5,515
	Capital expenditure
	Receipts from sales of tangible fixed assets	-	400
	Payments to acquire tangible fixed assets	(20,458)	(11,107)
	Net cash inflow/(outflow) for capital expenditure and financial investment	(20,458)	(10,707)
	Financing
	Loan repayments in year	-	(59,535)
	Net cash outflow from financing	-	(59,535)

3.	Analysis of changes in net debt
				Other non-cash
		At 1.1.05	Cash flow	changes	At 31.12.05
		£	£	£	£
	Net cash:
	Cash at bank and in hand	91,314	(8,647)	-	82,667
		91,314	(8,647)	-	82,667
	Debt:
	Debts falling due
	within one year	-	-	-	-
	Debts falling due
	after one year	-	-	-	-
		-	-	-	-
	Total	91,314	(8,647)	-	82,667

Page last modified: 14th Jun 2006 - 10:59:49

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