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STATEMENT OF CHANGES IN EQUITY FOR THE YEAR
ENDED 31 MARCH 2018
Public Revaluation Income and Total
Dividend Reserve Expenditure
Capital Reserve

£000 £000 £000 £000

Taxpayers’ Equity at 1 April 2017 -
Brought Forward 45,745 5,670 13,641 65,056
Surplus for the Year - - 6,008 6,008

Other Transfers Between Reserves - (69) 69 -
Impairments - (4,728) - (4,728)
Revaluations 1,218 - 1,218

Public Dividend Capital Received 5,338 - - 5,338

Taxpayers’ and Others’ Equity at 31 March 2018 51,083 2,091 19,718 72,892

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR

ENDED 31 MARCH 2017
Public Revaluation Income and Total
Dividend Reserve Expenditure
Capital Reserve

£000 £000 £000 £000

Taxpayers’ Equity at 1 April 2016 -
Brought Forward 45,745 1,042 11,043 57,830
Surplus for the Year - - 2,582 2,582

Other Transfers Between Reserves - (14) 14 -
Impairments - - - -

Revaluations - 4,644 - 4,644
Transfer to Retained Earnings on Disposal of Assets - (2) 2 -

Taxpayers’ and Others’ Equity at 31 March 2017 45,745 5,670 13,641 65,056

Information on Reserves Revaluation Reserve

Public Dividend Capital Increases in asset values arising from revaluations are
recognised in the revaluation reserve, except where,
and to the extent that, they reverse impairments
Public dividend capital (PDC) is a type of public
previously recognised in operating expenses, in
sector equity finance based on the excess of assets
which case they are recognised in operating income.
over liabilities at the time of establishment of the
Subsequent downward movements in asset valuations
predecessor NHS organisation. Additional PDC may
are charged to the revaluation reserve to the extent
also be issued to trusts by the Department of Health
that a previous gain was recognised unless the
and Social Care. A charge, reflecting the cost of capital
downward movement represents a clear consumption
utilised by the trust, is payable to the Department of
of economic benefit or a reduction in service potential.
Health as the public dividend capital dividend.
Income and Expenditure Reserve
The balance of this reserve is the accumulated
surpluses and deficits of the trust.

Alder Hey Children’s NHS Foundation Trust 160 Annual Report & Accounts 2017/18