Financial statements and notes to the Accounts

Statement of Comprehensive Net Expenditure for the year ended 31 March 2026
Description	Note	2025/26 £’000	2024/25 £’000
Income from sale of goods and services	2	(294)	(281)
Other operating income	2	(2)	(4)
Total operating income		(296)	(285)
Staff costs	3	16,032	14,061
Purchase of goods and services	4	3,781	3,186
Depreciation and impairment charges	4	1,722	1,910
Other operating expenditure	4	79	58
Total Operating Expenditure		21,614	19,215
Net Operating Expenditure		21,318	18,930
Finance expense	5	50	37
Total Net Expenditure for the year		21,368	18,967

Total Comprehensive Expenditure for the year		21,368	18,967

Statement of Financial Position as at 31 March 2026
Description	Note	2025/26 £’000	2024/25 £’000
Non-current assets:
Property, plant and equipment	7	728	796
Right of Use Assets	6	3,281	3,385
Intangible assets	8	1,888	1,771
Other non-current receivables	9	-	193
Total non-current assets		5,897	6,145
Current assets:
Trade and other receivables	9	915	699
Cash and cash equivalents	10	2,217	1,558
Total current assets		3,132	2,257
Total assets		9,029	8,402
Current liabilities
Trade and other payables	11	(1,869)	(1,528)
Borrowings	12	(556)	(440)
Total current liabilities		(2,425)	(1,968)
Total assets less current liabilities		6,604	6,434
Non-current liabilities:
Provisions	13	(178)	(152)
Borrowings	12	(2,689)	(2,877)
Total non-current liabilities		(2,867)	(3,029)
Total Assets less Liabilities		3,737	3,405
Financed by Taxpayers’ Equity
General Fund		3,737	3,405
Total taxpayers’ equity		3,737	3,405

Statement of Changes in Taxpayers’ Equity for 2025/26
Description	General Fund £’000	Total Reserves £’000
Balance at 01 April 2025	3,405	3,405
Changes in taxpayers’ equity for 2025/26
Total Net Expenditure for the year	(21,368)	(21,368)
Total recognised income and expense for 2025/26	(21,368)	(21,368)
Net Parliamentary Funding	21,700	21,700
Balance at 31 March 2026	3,737	3,737

Statement of Changes in Taxpayers’ Equity for 2024/25
Description	General Fund £’000	Total Reserves £’000
Balance at 01 April 2024	3,622	3,622
Changes in taxpayers’ equity for 2024/25
Total Net Expenditure for the year	(18,967)	(18,967)
Total recognised income and expense for 2024/25	(18,967)	(18,967)
Net Parliamentary Funding	18,750	18,750
Balance at 31 March 2025	3,405	3,405

Statement of Cash Flows for the year ended 31 March 2026
Description	Note	2025/26 £’000	2024/25 £’000
Cash Flows from Operating Activities
Net operating expenditure for the financial year	2/3/4	(21,318)	(18,930)
Adjustments for non-cash costs
Depreciation and amortisation	4	1,722	1,910
Increase/(decrease) in provisions	13	24	1
Total adjustments for non-cash costs		1,746	1,911
(Increase)/decrease in trade & other receivables	9	(23)	(164)
Increase/(decrease) in trade & other payables	11	341	(1,809)
Net Cash (Outflow) from Operating Activities		(19,254)	(18,992)
Cash Flows from Investing Activities
(Payments) for property, plant and equipment	7	(245)	(87)
(Payments) for intangible assets	8	(986)	(418)
Net Cash (Outflow) from Investing Activities		(1,231)	(505)
Net Cash (Outflow) before Financing		(20,485)	(19,497)
Cash Flows from Financing Activities
Capital element of lease liability repayments	6	(506)	(694)
Interest element of lease liability repayments	5	(50)	(37)
Net Parliamentary Funding		21,700	18,750
Net Cash Inflow from Financing Activities		21,144	18,019
Net Increase / (Decrease) in Cash & Cash Equivalents		659	(1,478)

Cash & Cash Equivalents at the Beginning of the Financial Year		1,558	3,036
Cash & Cash Equivalents at the End of the Financial Year		2,217	1,558

A detailed list of all accounts relating to the NHSCFA over the past year.