Statement of Cash Flows
| Net Cash flows from Operating Activities | Note | 2023 | 2022 |
|---|---|---|---|
| € | € | ||
Surplus for year | 16,317 | 353,708 | |
Depreciation of Fixed Assets | 12. | 149,452 | 227,541 |
Decrease/ (Increase) in inventory | 13. | (202) | (6,917) |
Decrease /(Increase) in receivables | (113,304) | (79,046) | |
Increase/ (Decrease) in payables | 701,789 | 68,959 | |
Increase/(Decrease) in deferred capital grants | (1,170,387) | 1,611,829 | |
Bank charges paid | 7. | 9,451 | 9,190 |
Transfer to Capital Account – Works of Art | 1,495,324 | 102,766 | |
Net Cash Inflow from Operating Activities | 1,088,440 | 2,288,030 |
| Cash Flows from Investing Activities | Note | 2023 | 2022 |
|---|---|---|---|
| € | € | ||
Capital Expenditure | (1,696,511) | (197,501) | |
Net Cash Flows from Investing Activities | (1,696,511) | (197,501) |
| Cash flows from Financing Activities | Note | 2023 | 2022 |
|---|---|---|---|
| € | € | ||
Bank interest paid | 7. | (9,451) | (9,190) |
Net Cash Flows from Financing Activities | (9,451) | (9,190) |
| Note | 2023 | 2022 | |
|---|---|---|---|
| € | € | ||
Net Increase/(Decrease) in Cash and Cash Equivalents | (617,522) | 2,081,339 |
| Note | 2023 | 2022 | |
|---|---|---|---|
| € | € | ||
Cash and Cash Equivalents at 1 January | 3,897,442 | 1,816,103 | |
Cash and Cash Equivalents at 31 December | 3,279,920 | 3,897,442 |
