ANNUAL ACCOUNTS 2009/10 - Birmingham Children's Hospital

Birmingham Children's Hospital NHS Foundation Trust - Statutory Accounts Year to 31 March 2010Note 9 Net book value of assets held under finance leases 2009/10The Scheme is for the refurbishment and management of previously dilapidated buildings at sites on Whittall Street andSteelhouse Lane Birmingham, to bring them into use as offices, on-call accommodation and general staff accommodation.The Scheme was with English Churches Housing Group (ECHG) who, in October 2006, subsequently merged withRiverside Housing Group.The main agreements made between the Trust and ECHG (dated 22 August 1997 and 11 May 1998) outline thearrangements for land and premises on 3 related sites of the former Birmingham General Hospital (Block B – OldMusson House, Block H – New Musson House and Block W) to be transferred to ECHG under 3 separate Headleases fora term of 99 years at a peppercorn rent.ECHG were to undertake development/ refurbishment works in respect of the premises under a separate DevelopmentAgreement. On practical completion of those works ECHG granted secondary Underleases of the newly refurbishedpremises to the Trust. These three Underleases are for a period of 25 years. The Trust has an option to extend theUnderleases in 5 yearly increments up to a maximum of 50 years.Note 9.1 Net book value of assets held under finance leases 2009/10TotalBuildingsexcludingdwellings£000 £000Cost or valuation at 1 April 2009 2,998 2,998Cost or valuation at 31 March 2010 2,998 2,998Accumulated depreciation at 1 April 2009 1,319 1,319Provided during the year 120 120Accumulated depreciation at 31 March 2010 1,439 1,439Net book valueNBV - Purchased at 1 April 2009 - -NBV - Donated at 1 April 2009 1,679 1,679NBV total at 1 April 2009 1,679 1,679Net book valueNBV - Purchased at 1 April 2010 - -NBV - Donated at 31 March 2010 1,559 1,559NBV total at 31 March 2010 1,559 1,559Note 9.2 Net book value of assets held under finance leases 2008/09TotalBuildingsexcludingdwellings£000 £000Cost or valuation at 1 April 2008 2,998 2,998Cost or valuation at 31 March 2009 2,998 2,998Accumulated depreciation at 1 April 2008 1,199 1,199Provided during the year 120 120Accumulated depreciation at 31 March 2009 1,319 1,319Net book valueNBV - Purchased at 1 April 2008 - -NBV - Donated at 1 April 2008 1,799 1,799NBV total at 1 April 2008 1,799 1,799Net book valueNBV - Purchased at 31 March 2009 - -NBV - Donated at 31 March 2009 1,679 1,679NBV total at 31 March 2009 1,679 1,679Note 10 Non-current assets for sale, assets in disposal groups and liabilities in disposal groups 2009/10The value of non-current assets for sale, assets in disposal groups and liabilities in disposal groups at 31March 2010 was £nil (2009 : £nil).Page 30