b'CHP financial statements 2020/2021Notes to the financial statements 29Cash flow from operating activities30Related parties transactions 2020/2021 2019/2020The Group is required to disclose details of materialHACT transactions with related parties, bodies or individuals thatThe Chief Executive is a Board Director of HACT,000000 have the potential to control or influence the Group or toan agency committed to the promotion of ideas and be controlled or influenced by the Group. A related partyinnovation across the housing sector. During 2020/2021 Operating surplus for the year 21,41316,164 is the transfer of assets or liabilities or the performanceHACT provided consultancy services to us to the value of or services by, or for another (related) party irrespective20k. The services of HACT were procured prior to the Adjustments for non-cash items: of whether a charge is made. Disclosures of theseChief Executive being appointed to the HACT Board, on Depreciation of property, plant and equipment 10,3939,640 transactions allows readers to assess the extent to whichnormal commercial terms. the Group might have been constrained in its ability to Loss on component replacements operate independently or might have secured the ability to limit another partys ability to bargain freely withDecrease / (increase) in stock (1,848)(178) the Group. (Increase) in trade and other debtors 78732 Board Directors Increase / (decrease) in trade and other creditors (136)(2,851) Board Directors have control over the Groups operating and financial policies. The total remuneration paid to the Amortisation of grant (55)(33) Board Directors is shown in note 10. Pension costs less contributions payable 1,1031,975 As at 31 March 2021, Joanna Wanmer is a Board Director who is one of our leaseholders. The tenancy is on normal Movement in properties for sale 522(167) commercial terms with no arrears as at 31 March 2021 and with no ability to use this position to gain an advantage. Net cash generated from operating surplus 31,47025,282 Peter Cogan is a Board Member and Executive Director at RHP Housing Association who also provide servicesto our partner and customer Legal and GeneralCash and cash equivalents consist of cash at bank, in hand,Cash equivalents are short term highly liquid investmentsAffordable Homes. deposits and money market deposits held for more than 24that are readily convertible to known amounts of cash and hours that can be withdrawn at any time without penaltythat are subject to an insignificant risk of changes in value. and deposits for fixed term amounts up to 12 months. At 1 AprilCashflows Other NonAt 31 2020 Cash Changes March 2021 Net debt reconciliation000000000000Cash and cash equivalents25,50516,734-42,239 Loans 462,275 34,733316497,324 487,780 51,467316539,563 92 93'