Helping people find their lives again - RNIB

4. Tangible fixed assets – group and charity
Cost
Service
properties
£’000
Service
property
under
construction
£’000
Machinery,
vehicles
and
equipment
£’000
Talking
book
machines
£’000
Total
£’000
Balance 1 April 2008 55,331 2,388 9,790 19,193 86,702
Additions 875 1,935 917 – 3,727
Disposals (1,631) – (1,595) – (3,226)
Balance 31 March 2009 54,575 4,323 9,112 19,193 87,203
Accumulated depreciation
Balance 1 April 2008 9,831 – 8,718 17,865 36,414
Charge for year 1,094 – 499 800 2,393
Disposals (595) – (1,579) – (2,174)
Balance 31 March 2009 10,330 – 7,638 18,665 36,633
Net book value
31 March 2009
Net book value
31 March 2008
44,245 4,323 1,474 528 50,570
45,500 2,388 1,072 1,328 50,288
Service properties are used to provide services to blind and partially sighted people. Of the net
book value of property used by RNIB, £1,035,000 (2008: £2,254,000) represents leaseholds of
less than 50 years. Service property under construction relates to works carried out to date in
respect of the RNIB Vision School and Children’s Home.
A transfer has been made to the designated service properties fund in the sum of £1,774,000
comprising additions of £2,810,000 less £1,036,000 disposals in the year.
A transfer has been made to the designated other fixed assets fund in the sum of £901,000
comprising additions of £917,000 less £16,000 disposals in the year.
The net book value of talking book machines held under finance lease agreements at 31 March
2009 was £135,000 (2008: £692,000). Included in Talking Book Service expenditure is interest
payable of £125,000 (2008: £183,000) and a depreciation charge of £558,000 (2008: £899,000)
which relates to leased talking book machines.
Financial statements for the year ended 31 March 2009 47