sport-england-2016-17-annual-report-and-accounts

During 2016-17 and 2015-16, the value of land, buildings and bund increased through revaluation and
impairment reversals as a direct result of an increase in the BCIS indices that are utilised and applied
under the DRC Valuation methodology.
In 2016-17 revaluation and impairment reversals amounted to £7.0 million and 2015-16 £9.9 million.
There is a collection of art works, furniture and fittings at Bisham Abbey that date from the 16 th
century. The historical significance of these assets classifies the collection as Art Works and Antiques.
The collection was last valued as at 31 March 2014.
11 Property, plant and equipment – Council
Buildings Equipment IT Total
Equipment
£’000 £’000 £’000 £’000
Cost
At 1 April 2015 - 331 1,251 1,582
Additions 2,379
(8)
151
2,522
Gifted assets 1 (2,379)
(9)
(19) (2,407)
Disposals -
(109) (518)
(627)
At 31 March 2016 -
205
865
1,070
Additions 1,928
Gifted assets 1 (1,928)
Disposals -
At 31 March 2017 -
10
(10)
(18)
187
282
-
(363)
784
2,220
(1,938)
(381)
971
Depreciation
At 1 April 2015 - 141 965 1,106
Charge for year -
35
160
195
Disposals -
(109) (518)
(627)
At 31 March 2016 -
67
607
674
Charge for year -
Disposals -
At 31 March 2017 -
41
(18)
90
131
(363)
375
172
(381)
465
Net Book Value
At 31 March 2016 -
At 31 March 2017 -
138
97
258
409
396
506
1
Sport England has gifted assets to its subsidiary, The Sports Council Trust Company. The assets gifted
are relevant to the operational activities of the National Sports Centres. All assets are owned, no assets
are supported by either finance leases or PFI contracts.
The English Sports Council Grant-in-Aid Consolidated Accounts for the year ended 31 March 2017 77