BCS, The Chartered Institute for IT Annual Report and Consolidated ...

BCS, The Chartered Institute for IT
NOTES (continued)
9 Taxation
There is no UK corporation tax due for either periods ended 31 August 2010 or 31 August 2009. The
Institute, as a registered charity is exempt from taxation on its income and gains falling within section
505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent
that they are applied to its charitable objectives. No tax charge has arisen in the period.
No tax is payable by its subsidiaries as any profits are gifted to the Charity.
There is no provided or unprovided deferred taxation liability at 31 August 2010 (2009: £nil). There is a
deferred tax asset at 31 August 2010 of £290 (2009: £341), which has not been recognised, arising in
respect of timing differences on assets qualifying for capital allowances.
10 Fixed assets
a) Tangible fixed assets:
Group Short leasehold
improvements
- 32 -
Office and
computer
equipment
Fixtures and
fittings
Total
£000 £000 £000 £000
Cost
At 1 September 2009 1,658 1,600 964 4,222
Additions in period - 144 52 196
Disposals in period - - (16) (16)
At 31 August 2010
─────
1,658
─────
1,744
─────
1,000
─────
4,402
Depreciation
───── ───── ───── ─────
At 1 September 2009 764 1,379 687 2,830
Charged in period 166 234 66 466
Disposals in period - - (4) (4)
At 31 August 2010
─────
930
─────
1,613
─────
749
─────
3,292
Net book value
───── ───── ───── ─────
At 31 August 2010 728 131 251 1,110
───── ───── ───── ─────
At 31 August 2009 894 221 277 1,392
───── ───── ───── ─────