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

19 Provisions
Group
Council
2017 2016 2017 2016
£’000 £’000 £’000 £’000
Amounts falling due within one year:
Balance at 1 April 51 119 - 68
Reclassification from after one year 161 51 - -
Utilised during the year (109) (119) - (68)
Reversed unused (72) - - -
Balance at 31 March 31 51 - -
Group
Council
2017 2016 2017 2016
£’000 £’000 £’000 £’000
Amounts falling due after one year:
Balance at 1 April 347 398 - -
Reclassification to within one year (161) (51) - -
Balance at 31 March 186 347 - -
The provisions remaining above relate to the properties situated at Cardigan Road, Leeds and
Bloomsbury Street, London as detailed below:
Cardigan Road
In 2014 an onerous lease provision was included at £206,000. £51,000 has been utilised annually since
2015. Early surrender of the lease is being negotiated, as a result of this £40,000 of the onerous lease
provision has been reversed unused.
In 2015 a provision of £108,000 was made to cover the costs of dilapidations on the termination of the
lease. £58,000 of this provision was utilised during the year. The current estimate for dilapidations is
£18,000 thus £32,000 has been reversed unused.
Bloomsbury Street
This is the main operational premises occupied by Sport England. The lease expires in November 2022
with no option to extend. A provision of £186,000 was made in 2015 to cover the costs of
dilapidations.
The English Sports Council Grant-in-Aid Consolidated Accounts for the year ended 31 March 2017 82