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