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Provisions
12 Months Ended
Dec. 31, 2021
Provisions  
Provisions

19Provisions

    

Dilapidations

£ 000

As at January 1, 2020

 

83

Unwinding of discount

 

5

As at December 31, 2020

 

88

Unwinding of discount

 

7

As at December 31, 2021

 

95

The dilapidation provision was recognized as a result of the obligation to return the leased property in Bristol, UK to its original condition at the end of the lease which currently expires in 2028. The provision is recognized at amortized cost with discount unwind being recognized each year. The provision is expected to be utilized at the end of the lease period.