The Christie NHS FT Annual Report & Accounts 2019-20
Consolidated Accounts of The Christie NHS Foundation Trust 2019-2020
10. Property, Plant and Equipment
The majority of Property, Plant and Equipment of The Christie NHS Foundation Trust Group are owned by The Christie NHS Foundation Trust. The Christie Charitable Fund owns an investment property comprising land and buildings (note 11.4). The investment property is reclassified in the Group accounts as Property, Plant and Equipment (note 10.1). The Christie Pharmacy Limited does not hold any Property, Plant and Equipment Assets.
10.1 Property, Plant and Equipment 2019-2020
Group
Land Buildings Assets under Plant and Transport Information excluding construction machinery equipment technology dwellings and payments on account
Total
£000
£000
£000
£000
£000
£000
£000
Cost or Valuation at 1 April 2019
6,220 242,547
13,287 15,833
93,288
33
12,538 367,913 1,375 19,208
Additions - purchased
0
1,137
863
0
Additions - purchased from The Christie Charitable Fund contributions
0
920
6
63
0
0
989
Impairments charged to Operating Expenses
0
(985) 4,291
0 0 0
0 0 0
0 0 0 0 0
0 0 0 0
(985) 4,796
Reversal of impairments credited to operating expenses
505
Reclassification of investment property*
0 0 0 0
850
850
Reclassification
0
(4,440)
4,440
0
Revaluation Disposals
(2,251)
0 0
0
0 (2,251)
0
(75)
(33)
0
(108)
Gross cost at 31 March 2020
6,725 246,509
24,686
98,579
0
13,913 390,412
Accumulated Depreciation Accumulated depreciation at 1 April 2019
0 0 0 0 0
0
0 0 0 0 0
32,825
33
5,989 38,847 2,000 16,940
Charged during the year
7,409
7,531
0 0
Revaluation Disposals
(7,409)
0
0 (7,409)
0 0
(69)
(33)
0
(102)
Accumulated depreciation at 31 March 2020
40,287
0
7,989 48,276
Net book value at 31 March 2020
6,725 246,509
24,686
58,292
0
5,924 342,136
NBV - purchased at 31 March 2020
6,518 173,319
24,680
53,862
0 0 0 0 0
5,590 263,969
NBV -purchased finance lease at 31 March 2020 NBV- Charity Funded Finance Lease at 31 March 2020
0 0
9,259
0 0 6
0 0
0
9,259
11,775 52,156
0 11,775
NBV - Purchased from the Christie Charitable Fund 31 March 2020
207
4,430
334 57,133 5,924 342,136
Net book value at 31 March 2020
6,725 246,509
24,686
58,292
* The Christie Charitable Fund owns an investment property which is leased by The Christie NHS Foundation Trust. Applying IAS16, the property is regarded as owner-occupied from the group perspective. The property has been valued as an owned asset and then reclassified as Property, Plant and Equipment.
Land and buildings were revalued as at 31 March 2020 (previously revalued at 31 March 2019). The valuation exercise was carried out by an independent professional valuer. Independent valuations have not been undertaken for the remaining classes of Property, Plant and Equipment as their carrying amount is deemed to be the fair value.
The Christie Charitable Fund has provided funding to purchase assets. There are no restrictions placed on the use of these assets as part of the offer of funding and as such the Trust has full ownership of these assets.
Purchased finance leases are comprised of the Salford satellite centre £7,930k (2018-19 £7,750k) and the Manchester Cancer Research Centre (MCRC) of £1,329k (2018-19 £1,299k). Finance leases funded from The Christie Charitable Fund contributions are comprised of the Oldham satellite centre £11,030k (2018-19 £10,777k) and the Manchester Cancer Research Centre (MCRC) of £744k (2018-19 £727k). The Trust holds a 40 year lease for the Oldham satellite centre for use of part of the building located on land owned by Pennine Acute NHS Trust which was paid for up front and in full in March 2010. For the Salford satellite centre the Trust holds a 60 year lease with Salford Royal NHS Foundation Trust which was similarly paid for up front and in full in June 2011. The MCRC building located on the Withington site was paid for by the University of Manchester. The Trust holds a 125 year sublease for part occupancy of this building, which has been paid for upfront.
10.2 Property, Plant and Equipment 2018-2019
Group
Land
Buildings Assets under
Plant and Transport Information
Total
excluding construction machinery equipment technology dwellings & payments on account
£000
£000
£000
£000
£000
£000
£000
6,045 212,847
128,443 29,888
52,724 0
33
7,493 407,585
Cost or Valuation at 1 April 2018
Additions - purchased
0
0
5,831
0
0 35,719
Additions - purchased from The Christie Charitable Fund contributions
0
0
4,393
23
0 0 0 0 0 0 0 0
0
4,416
0 (18,225)
0 0 0 0 0 0
0 0 0 0
0 (18,225) 0 (1,976)
Impairments charged to Operating Expenses Impairments charged to Revaluation Reserve Reversal of impairments credited to operating expenses Reversal of impairments credited to the revaluation reserve
0
(1,976)
175
45
0 0
220
0
2,615
2,615
Reclassifications
0 106,864 (149,437)
37,528
5,045
0
Revaluation Disposals
0 (59,541)
0
0 (59,541) 0 (2,900)
0
(82)
(2,818) 93,288
6,220 242,547
13,287
33
12,538 367,913
Gross cost at 31 March 2019
Accumulated Depreciation Accumulated depreciation at 1 April 2018
0 0 0 0
53,060 6,563
0 0 0 0 0
29,856 5,596 (2,627) 32,825 0
30
4,480 87,426 1,509 13,671
Charged during the year
3 0 0
Revaluation Disposals
0 (59,541)
0 (59,541) 0 (2,709)
(82)
0
33
5,989 38,847
Accumulated depreciation at 31 March 2019
6,220 242,547
13,287
60,463
0
6,549 329,066
Net book value at 31 March 2019
NBV - purchased at 31 March 2019
6,030 170,260
12,287
55,689
0 0 0 0 0
6,095 250,361
NBV -purchased finance lease at 31 March 2019 NBV- Charity Funded Finance Lease at 31 March 2019 NBV - Purchased from the Christie Charitable Fund 31 March 2019
0 0
9,049 11,504 51,734
0 0
0 0
0
9,049
0 11,504 454 58,152 6,549 329,066
190
1,000 13,287
4,774 60,463
6,220 242,547
Net book value at 31 March 2019
28 190
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