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Unaudited Condensed Consolidated Interim Statements of Cash Flows - GBP (£)
£ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss for the period £ (11,770) £ (17,021)
Adjustments to cash flows from non-cash items    
Depreciation and amortization 990 832
Depreciation on right of use assets 327 189
Finance (income)/costs (24,193) (22,434)
Share based payment transactions 7,056 7,294
Before working capital adjustments (27,590) (31,140)
Increase in trade and other receivables (863) (1,499)
Decrease in trade and other payables (4,603) (30,442)
Net cash (outflow) from operating activities (33,056) (63,081)
Cash flows from investing activities    
Decrease in financial assets at amortized cost 59,886  
Acquisitions of property plant and equipment (1,304) (167)
Acquisition of intangible assets (73) (393)
Interest income on deposits 2,337  
Net cash inflow/(outflow) from investing activities 60,846 (560)
Cash flows from financing activities    
Proceeds from issue of shares 180  
Payments to lease creditors (349) (235)
Net cash (outflow) from financing activities (169) (235)
Net increase/(decrease) in cash at bank 27,621 (63,876)
Cash at bank, beginning of the period 62,927 212,660
Effect of foreign exchange rate changes (855) 8,768
Cash at bank, end of the period £ 89,693 £ 157,552