the amounts set aside by the council as finance for the costs of acquisition, construction and subsequent costs.
The account also contains revaluation gains accumulated on property, plant and equipment before 1 April 2007, the date the Revaluation Reserve was created to hold such gains.
Note 7 provides details of the source of all the transactions posted to the account, apart from those involving the Revaluation Reserve.
| Capital Adjustment Account | 2024/25 £000's | 2025/26 £000's |
|---|---|---|
| Balance at 1 April | 858,852 | 883,333 |
| Reversal of items relating to capital expenditure debited or credited to the Comprehensive Income and Expenditure Statement: | ||
| Charges for depreciation and impairment of non-current assets | (77,855) | (69,529) |
| Revaluation losses on property, plant and equipment | (26,627) | (28,585) |
| Amortisation of intangible assets | (1,167) | (1,190) |
| Revenue expenditure funded from capital under statute | (13,618) | (11,830) |
| De-minimis Capital Expenditure | (741) | (1,012) |
| Amounts of non-current assets and assets held for sale written off on disposal or sale as part of the gain/loss on disposal to the Comprehensive Income and Expenditure Statement | (25,669) | (8,246) |
| Sub-total | (145,677) | (120,392) |
| Adjusting amounts written out of the Revaluation Reserve | 18,743 | 15,311 |
| Net written out amount of the cost of non-current assets consumed in the year | (126,934) | (105,081) |
| Capital financing applied in the year: | ||
| Use of Capital Receipts Reserve to finance new capital expenditure | 19,211 | 20,676 |
| Capital grants and contributions credited to the Comprehensive Income and Expenditure Statement that have been applied to capital financing | 53,920 | 68,132 |
| Application of grants to capital financing from the Capital Grants Unapplied Account | 339 | 604 |
| Use of the Major Repairs Reserve to finance new capital expenditure | 14,411 | 14,316 |
| Statutory provision for the financing of capital investment charged against the General Fund Balance | 54,257 | 55,044 |
| Capital expenditure charged against the General Fund Balance | 6,617 | 6,956 |
| Capital financing applied in the year | 148,755 | 165,728 |
| Cash Payments in Relation to Long-Term Debtor Loans | (892) | (526) |
| Movement in donated assets income credited to the Comprehensive Income and Expenditure Statement | 3,552 | - |
| Balance at 31 March | 883,333 | 943,454 |