Accounts
for the year ended 31 March 2007
Income and expenditure account for the year ended 31 March 2007
|
|
2006/07 |
2005/06
RE-STATED |
| Note |
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
| Operating income |
2 |
9,898,052 |
|
9,421,325 |
|
| Other Income |
3 |
26,222 |
|
14,852 |
|
|
|
|
9,924,274 |
|
9,436,177 |
| Staff Costs |
4 |
8,353,825 |
|
7,158,834 |
|
| Other operating costs |
5 |
6,928,451 |
|
6,268,098 |
|
| Depreciation of tangible fixed assets |
7 |
2,050,724 |
|
1,910,033 |
|
| Loss on disposal of fixed assets |
|
- |
|
6,410 |
|
| Unrealised loss on tangible fixed assets |
11 |
4,961 |
|
555,778 |
|
|
|
|
(17,337,961) |
|
(15,899,153) |
| Operating deficit |
|
|
(7,413,687) |
|
(6,462,976) |
| Interest receivable |
6 |
|
53,115 |
|
50,250 |
| Notional cost of capital |
1.7 |
|
30,330 |
|
(107,188) |
| Deficit for the year before appropriations |
|
|
(7,330,242) |
|
(6,519,914) |
| Notional cost of capital |
1.7 |
|
(30,330) |
|
107,188 |
| Appropriations due (total) |
6 |
|
(79,337) |
|
(5,038,368) |
| Retained deficit for the year |
|
|
(7,439,909) |
|
(11,451,094) |
Comparatives have been re-stated as explained in note 18. The notes on pages 79 to 91 form part of these accounts.
Statement of recognised gains and losses
|
|
2006/07 |
2005/06
RE-STATED |
| Note |
|
£ |
|
£ |
| Net gain on revaluation of fixed assets |
11 |
|
164,236 |
|
25,307 |
Comparatives have been re-stated as explained in note 18, though there is no cumulative effect to report arising from
the prior year adjustment.
There were no material acquisitions or disposals in the year.
The notes form part of these accounts.
Balance Sheet as at 31 March 2007
|
|
31 March 2007 |
31 March 2007
RE-STATED |
| Note |
|
£ |
|
£ |
| Fixed Assets |
|
|
|
|
|
| Tangible fixed assets |
7 |
|
3,280,534 |
|
4,468,712 |
| |
|
|
|
|
|
| Current assets |
|
|
|
|
|
| Debtors and prepayments
| 8 |
514,163 |
|
517,420 |
|
| Cash at bank and in hand
| 9 |
472,224 |
|
380,894 |
|
|
| |
986,387 |
|
898,314 |
|
| Creditors-amounts falling due within one year
| 10 |
(5,929,871) |
|
(5,437,212) |
|
| Net current (liabilities)
| |
|
(4,943,484) |
|
(4,538,898) |
| Net (liabilities)
| |
|
(1,662,950) |
|
(70,186) |
| Reserves
| |
|
|
|
|
| Income and expenditure reserve
| 11 |
(1,852,493) |
|
(95,493) |
|
| Revaluation reserve
| 11 |
189,543 |
|
25,307 |
|
|
| |
|
(1,662,950) |
|
(70,186) |
Comparatives have been re-stated as explained in note 18.
The notes on pages 79 to 91 form part of these accounts.
Richard Thomas, Information Commissioner
11 June 2007
Cashflow Statement for the year ended 31 March 2007
|
|
31 March 2007 |
31 March 2007
RE-STATED |
| Note |
|
£ |
|
£ |
| Net cash outflow from operating activities |
12 |
|
(4,729,177) |
|
(3,796,026) |
| Returns on investment and servicing of finance |
|
|
|
|
|
| Interest received
| |
|
53,115 |
|
50,250 |
|
| |
|
|
|
|
| Capital expenditure and financial investment
| |
|
|
|
|
| Payment to acquire tangible fixed assets
| 7 |
|
(703,271) |
|
(1,010,519) |
| Net cash outflow before financing
| |
|
(5,379,333) |
|
(4,756,295) |
| |
|
|
|
|
|
| Financing |
|
|
|
|
|
| Grant-in-aid received |
11 |
5,550,000 |
|
5,100,000 |
|
| Appropriations made |
6 |
(79,337) |
|
(193,903) |
|
| |
|
|
5,470,663 |
|
4,906,097 |
| Increase in cash |
|
|
91,330 |
|
149,802 |
Comparatives have been re-stated as explained in note 18