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14.NET CASH FLOW FROM OPERATING ACTIVITIES


Year ended 31 March 2011


Operating deficit (Increase)/decrease in debtors Decrease in creditors Net cash outflow from operating activities (25,910) (69,206) (467,678)


15 months ended


31 March 2010


££ (2,182,179) 9,038 (861,209) (562,794) (3,034,350)


15.ANALYSIS OF CASH FLOWS FOR HEADINGS NETTED IN CASH FLOW STATEMENT


Year ended 31 March 2011


Returns on investments and servicing of finance Interest received


Interest paid Net cash inflow from returns on investments and servicing of finance


15 months ended


31 March 2010


££


20,178 - 20,178


36,782 (3,388) 33,394


16. ANALYSIS OF CHANGES IN NET FUNDS


1 April 2010


Cash at bank and in hand Net funds 1,443,459 1,443,459


Cash flow 31 March 2011


£££ 164,324 164,324 1,607,783 1,607,783


Annual Report 2010-2011 17


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