Section 14

14.1 Revaluation reserve

	Total revaluation £000	Property, plant and equipment £000	Right of use assets £000
Revaluation reserve at 1 April 2023 brought forward	22,627	22,410	217
Net impairments	(528)	(502)	(26)
Revaluations	2,716	2,711	5
Transfer of the excess of current cost depreciation over historical cost depreciation to the income and expenditure reserve	(504)	(504)	0
Revaluation reserve at 31 March 2024	24,311	24,115	196

Revaluation reserve at 1 April 2022 brought forward	20,078	20,078	-
Net impairments	(5)	(5)	-
Revaluations	2,971	2,754	217
Transfer of the excess of current cost depreciation over historical cost depreciation to the income and expenditure reserve	(417)	(417)	-
Revaluation reserve at 31 March 2023	22,627	22,410	217