Notes to the Accounts (continued)


12. Tangible fixed assets (continued) b) Charity


Plant,


Freehold land &


buildings £000


Cost At 1 April 2010 Additions Transfers Disposals


At 31 March 2011


Depreciation At 1 April 2010


Charge for the year Disposals


At 31 March 2011


Net BookValues At 31 March 2011


At 1 April 2010


50,754 899 227 –


51,880


14,177 1,832 –


16,009


Leasehold properties £000


13,780 3,443 1,801 –


19,024


1,974 694 –


2,668 35,871 16,356 36,577 11,806


Freehold & leasehold


improvements £000


17,679 – –


(1,609) 16,070


14,219 1,111


(1,217) 14,113


equipment, fixtures & fittings £000


111,671 12,331 3,013


(3,614) 123,401


85,945 10,965 (3,300)


93,610 1,957 29,791 3,460 25,726


Assets in the course of


construction £000


5,106 19


(5,041) –


84


– – –


– 84 5,106


Retail leases, fixtures & fittings £000


11,737 1,102 –


(284) 12,555


9,066 919


(278) 9,707


Total £000


210,727 17,794 –


(5,507) 223,014


125,381 15,521 (4,795)


136,107 2,848 86,907 2,671 85,346


The Group and the Charity has freehold property with a net book value of £35.9 million (2010: £36.6 million). Having discussed the matter with a firm of chartered surveyors, the Trustees believe that both the aggregate existing use value and the aggregate market value of the tangible fixed asset properties are in excess of £47 million (2010: £44 million).


UKCMRI Ltd has the right to acquire a long leasehold interest in a freehold building owned by the Charity with a book value of £15.1 million. The consideration for this lease would be in excess of its book value so no impairment of the carrying value of the asset is required.


38 / Annual Report and Accounts / Notes to the Accounts


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