Annual Report 2006-2007 - Cafcass

7 Tangible fixed assets
Freehold land and
buildings
£000
Leasehold land,
buildings and
improvements
£000
Computer
and telecoms
equipment
£000
Other assets
£000
Total
£000
Cost
At 1st April 2006 2,540 1,333 7,469 67 11,409
Additions 593 - 1,923 20 2,536
Disposal - - (5) (21) (26)
Revaluation (148) - (516) - (664)
At 31st March 2007 2,985 1,333 8,871 66 13,255
Depreciation
At 1st April 2006 150 681 5,458 67 6,356
Charged in year 26 159 765 - 950
Disposals - - (4) (21) (25)
Revaluation - - (428) - (428)
At 31st March 2007 176 840 5,791 46 6,853
Net book value
At 31st March 2007 2,809 493 3,080 20 6,402
At 31st March 2006 2,390 652 2,011 - 5,053
The cost of additions to fixed assets is funded through
(capital) grant-in-aid (see Note 16).
Permanent diminutions charged to the Income and
Expenditure Account of £0.093m include diminution of
computer and telecommunications equipment.
Freehold land at 31st March 2007 was valued at £0.953m
(2005–06: £0.823m).
Property assets were independently revalued by the
Valuation Office Agency as at 1st April 2007 in
accordance with the RICS Appraisal and Valuation
Manual, published by the Royal Institution of Chartered
Surveyors, insofar as this is consistent with current
Treasury accounting guidance.
The property values have been provided on the basis of
Existing Use Value (EUV), apportioned between the land
and the buildings with an assessment of the remaining life
of the latter (Practice Statement 4.3).
contractors, they are responsible for meeting travel, office
and all other expenses related to their work, as well as
related tax and national insurance liabilities.
9 Partnership costs
Partnership costs represent the cost of services totalling
£1.099m (2005–06: £0.960m), provided by Cafcass through
third party organisations such as contact centres and
mediation centres.
10 Operating surplus/(deficit)
Cafcass’ payments for 2006–07 were met primarily from
the cash funding available from the Department for
Education and Skills.
Excluding the pension adjustment and related cost of
capital, on a resource basis Cafcass overspent against its
£106.012m resource budget by £0.043m/0.04%.
8 Self-employed contractors
In 2006–07 we contracted the services of 395 selfemployed
contractors of which amounts paid amounted to
£9.730m in the year (2005–06: £11.736m). As self-employed
Section 6: Accounts 2006–07 | 59