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CHARLES HOUSE ASSOCIATION <br />Statement of Cash Flows <br />Year Ended December 31, 2023 <br />Cash flows from operating activities: <br />Change in net assets 22,380$ <br />Adjustments to reconcile change in net assets to <br /> net cash used in operating activities: <br />Depreciation and amortization 62,463 <br />Amortization of right-of-use asset 55,122 <br />Donated investments (5,068) <br />Unrealized change in investments, net (168,354) <br />(Increase) decrease in: <br />Accounts receivable (20,011) <br />Other assets (9,085) <br />Increase (decrease) in: <br />Accounts payable 1,722 <br />Accrued expenses 17,223 <br />Security deposits (6,000) <br />Cash payments on lease liability (60,000) <br />Discount on lease liability 4,878 <br />Net cash used in operating activities (104,730) <br />Cash flows from investing activities: <br />Purchases of investments (385,613) <br />Purchase of property and equipment - <br />Net cash used in investing activities (385,613) <br />Cash flows from financing activities: <br />Payment on long-term debt (33,485) <br />Net cash used in financing activities (33,485) <br />Change in cash and cash equivalents (523,828) <br />Cash and cash equivalents - beginning of year 693,605 <br />Cash and cash equivalents - end of year 169,777$ <br />See Notes to Financial Statements <br />Page 7 <br />Docusign Envelope ID: FE6E03E9-3378-4BE8-B2E5-0623619296B7