Statement of Cash Flows
| Note | 2021 | 2020 | |
|---|---|---|---|
| € | € | ||
Surplus for year | 38,908 | 102,910 | |
Depreciation of Fixed Assets | 12. | 256,314 | 249,008 |
Decrease/ (Increase) in inventory | 13. | 5,846 | 4,720 |
Decrease /(Increase) in receivables | 20,550 | 63,940 | |
Increase/ (Decrease) in payables | 621,804 | (10,483) | |
Increase/(Decrease) in deferred capital grants | (481,514) | 416,387 | |
Bank charges paid | 7. | 11,866 | 11,621 |
Transfer to Capital Account - Works of Art | 480,166 | 317,818 | |
Net Cash Inflow from Operating Activities | 953,940 | 1,155,921 |
| Cash Flows from Investing Activities | |||
|---|---|---|---|
| Note | 2021 | 2020 | |
| € | € | ||
Capital Expenditure | (647,551) | (448,509) | |
Net Cash Flows from Investing Activities | (647,551) | (448,509) |
| Cash flows from Financing Activities | |||
|---|---|---|---|
| Note | 2021 | 2020 | |
| € | € | ||
Bank interest paid | 7. | (11,866) | (11,621) |
| Note | 2021 | 2020 | |
|---|---|---|---|
| € | € | ||
Net Cash Flows from Financing Activities | (11,866) | (11,621) |
| Note | 2021 | 2020 | |
|---|---|---|---|
| € | € | ||
Net Increase/(Decrease) in Cash and Cash Equivalents | 294,523 | 695,791 |
| Note | 2021 | 2020 | |
|---|---|---|---|
| € | € | ||
Cash and Cash equivalents at 1 January | 1,521,580 | 825,789 | |
Cash and Cash Equivalants at 21 December | 1,816,103 | 1,521,580 |
