Annual Report and Accounts 2010/11 - Cancer Research UK

Notes to the Accounts
(continued)
12. Tangible fixed assets (continued)
b) Charity
Plant,
Freehold Freehold & equipment, Assets in the Retail leases,
land & Leasehold leasehold fixtures & course of fixtures
buildings properties improvements fittings construction & fittings Total
£000 £000 £000 £000 £000 £000 £000
Cost
At 1 April 2010 50,754 13,780 17,679 111,671 5,106 11,737 210,727
Additions 899 3,443 – 12,331 19 1,102 17,794
Transfers 227 1,801 – 3,013 (5,041) – –
Disposals – – (1,609) (3,614) – (284) (5,507)
At 31 March 2011 51,880 19,024 16,070 123,401 84 12,555 223,014
Depreciation
At 1 April 2010 14,177 1,974 14,219 85,945 – 9,066 125,381
Charge for the year 1,832 694 1,111 10,965 – 919 15,521
Disposals – – (1,217) (3,300) – (278) (4,795)
At 31 March 2011 16,009 2,668 14,113 93,610 – 9,707 136,107
Net BookValues
At 31 March 2011 35,871 16,356 1,957 29,791 84 2,848 86,907
At 1 April 2010 36,577 11,806 3,460 25,726 5,106 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