Page 51 - 2019-20 Annual Report and Financial Statements

DIOCESE OF CHICHESTER ACADEMY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
21
Reconciliation of net expenditure to net cash flow from operating activities
Net expenditure for the reporting period (as per the statement of financial activities)
Adjusted for:
Net deficit/(surplus) on conversion to academy
Net deficit on transfer of academy in the trust
Capital grants from DfE and other capital income Investment income receivable
Defined benefit pension costs less contributions payable Defined benefit pension scheme finance cost Depreciation of tangible fixed assets
(Increase) in debtors
Increase in creditors
Stocks, debtors and creditors transferred on conversion
Net cash provided by/(used in) operating activities Analysis of changes in net funds
Cash
Commitments under operating leases
(688,638)
121,431
528,091 (679,380) (1,380)
798,000 60,000 23,141
(44,814) 242,275
(17,937) 340,789
(335,492)
(57,764)
(222,825) (1,459)
378,000 24,000 7,853
(2,022) 24,799
(184,910)
At 31 August 2020 the total of the academy trust's future minimum lease payments under non-cancellable operating leases was:
Amounts due within one year Amounts due in two and five years
57,032 38,810
95,842
75,069 72 979
148,048
-48-
1 September 2019
Cash flows
2020 2019 ££
31 August 2020 £££
2,252,840 1,159,274 3,412,114
2020 2019 ££