Parish Councils must maintain an asset register to ensure fixed assets are appropriately safeguarded. Once recorded on the asset register at acquisition cost, the value of assets must not change from year to year until disposal. Concepts of depreciation and impairment adjustments are not appropriate for local councils.
A Parish Council’s fixed asset register has four main purposes:
- It forms a basis for decisions on risk and insurance issues.
- It provides information on the age and potential lifespan of certain items.
- It provides assurance of the continued existence of Council’s property.
- It forms a basis for completion of box 9 in the ‘Annual Return.’
The asset register is updated by the Parish Council at the end of each financial year but is a working document it will be amended as necessary. The definition of fixed assets are property, plant and equipment with a useful life of more than one year used by the Council to deliver its services
The following items are included in the Lambourn Parish Council’s asset register, whether purchased, gifted or otherwise acquired, together with their holding location:
- land and buildings held freehold or on long term lease in the name of the Council
- community assets
- vehicles, plant and machinery
- assets considered to be portable, attractive or of community significance
- other assets estimated or known to have a minimum purchase or resale value of £250
The following items fall outside the definition for inclusion and are therefore excluded from the Council’s asset register:
- land and buildings held on short term lease or rented
- stock items intended for resale
- stationery and other consumable items
- plants and trees
- assets with a purchase or resale value of less than £100 (other than items listed as for inclusion in the asset register)
Assets must be valued by one of the following means based on available information:
- the purchase price OR
- the insurance valuation should be applied where it is not possible to trace the purchase price of the asse OR
- a nominal value of £1 may be applied as a last resort. This should also be used for assets gifted to the Council.
The Asset register will be used to inform the insurers of Council assets. For the purposes of insurance, the value to be used is the replacement value of items and not the purchase price as per the asset register.
NOTE: This is a simplified web based version of the asset register. To view the full asset register please contact our Parish Clerk who holds the official register at the council offices.
| Location | Asset Type | Asset Description | Value in £ |
|---|---|---|---|
| Allotment Paddock | Land | Allotment Paddock | 1 |
| Allotments Plots and car park | Land | Allotments Plots and car park | 1 |
| Eastbury Furze Play Area | Fixture | Junior Swings with flat seats | 2223 |
| Eastbury Furze Play Area | Fixture | Junior swing with cradle seats | 2333 |
| Eastbury Furze Play Area | Fixture | Climbing rail | 1350 |
| Eastbury Furze Play Area | Fixture | Multiplay unit | 5245 |
| Eastbury Furze Play Area | Fixture | Goal posts & nets | 1400 |
| Eastbury Furze Play Area | Fixture | Shelters x 2 | 0 |
| Eastbury Furze Play Area | Fixture | Trampoline | 1899 |
| Eastbury Furze Play Area | Fixture | Cradle Swing | 2345 |
| Eastbury Furze Play Area | Fixture | Monkey bars | 1450 |
| Eastbury Furze Play Area | Fixture | Bench | 702 |
| Eastbury Furze Play Area | Fixture | Notice board installed by James Potter June 2017. | 1020 |
| Fulke Walwyn Way | Fixture | Railings | 6150 |
| Market Square | Fixture | Market Square Benches | 2000 |
| Memorial Hall | Building | Memorial Hall | 87324 |
| Memorial Hall | Content | Memorial Hall content | 9495 |
| Memorial Hall | Technology | Hall AV Equipment | 2000 |
| Memorial Hall | Technology | Colour printer | 175 |
| Memorial Hall | Technology | Laptop Lenovo Ideapad S540 | 459 |
| Memorial Hall | Technology | CCTV system | 9285 |
| Memorial Hall | Technology | Audio speakers Chat 150 | 570 |
| Mill Lane Play Area | Fixture | Fencing | 6000 |
| Mill Lane Play Area | Fixture | Gates | 1500 |
| Mill Lane Play Area | Fixture | Swing Barriers | 1065 |
| Mill Lane Play Area | Fixture | Toddler Swings with cradle seats | 2228 |
| Mill Lane Play Area | Fixture | Junior Swings with Flat seats | 2223 |
| Mill Lane Play Area | Fixture | Basket Swings | 5186 |
| Mill Lane Play Area | Fixture | Inclusive Multiplay | 29761 |
| Mill Lane Play Area | Fixture | 2 x Rotating Dishes | 2736 |
| Mill Lane Play Area | Fixture | Mini Trampoline | 1899 |
| Mill Lane Play Area | Fixture | Low Rotator Pole | 2835 |
| Mill Lane Play Area | Fixture | Rope Net | 10212 |
| Mill Lane Play Area | Fixture | Slide | 3999 |
| Mill Lane Play Area | Fixture | Toddler Multiplay Equipment | |
| Mill Lane Play Area | Fixture | Replaced | 10689 |
| Mill Lane Play Area | Fixture | Duckling Rocker | 3500 |
| Mill Lane Play Area | Fixture | Goal posts & nets | |
| Mill Lane Play Area | Fixture | replaced goalposts and nets | 1098 |
| Mill Lane Play Area | Fixture | repalcement installation | 250 |
| Mill Lane Play Area | Fixture | Benches/seating | 4500 |
| Mill Lane Play Area | Fixture | Picnic Benches | 5682 |
| Mill Lane Play Area | Fixture | Outdoor gym | 2491 |
| Mill Lane Play Area | Fixture | Outdoor Gym - Push up & dip station | 1193 |
| Mill Lane Play Area | Fixture | Outdoor Gym - Airwalker | 1748 |
| Mill Lane Play Area | Fixture | Outdoor gym - balance beam | 536 |
| Mill Lane Play Area | Fixture | Outdoor gym - bicycle | 1114 |
| Mill Lane Play Area | Fixture | Outdoor gym - leg press | 1441 |
| Mill Lane Play Area | Fixture | Bin | 359 |
| Mill Lane Play Area | Fixture | Split Level Quarter pipe | 5786 |
| Mill Lane Play Area | Fixture | T-shaped fun box | 5341 |
| Mill Lane Play Area | Fixture | Pyramid Box | 2915 |
| Mill Lane Play Area | Fixture | 6 x Evergreen Benches | 3108 |
| Mill Lane Play Area | Fixture | Meeting House/Shelter | 6250 |
| Mill Lane Play Area | Fixture | 5 Bar Gate | 998 |
| Mill Lane Play Area | Fixture | Goal Wall including hoops | 13386 |
| Mill Lane Play Area | Fixture | Bin | 276 |
| Mill Lane Play Area | Fixture | Sign | 387 |
| St Michaels Church | Fixture | Compost bin | 931 |
| St Michaels Church | Fixture | Gates | 3000 |
| St Michaels Church | Fixture | Gravel path + gates | 490 |
| St Michaels Church | Fixture | Bin | 401 |
| St Michaels Church | Fixture | Upper Lambourn Cemetry Noticeboard | 1000 |
| St Michaels Church | Fixture | War memorial railing | 8757 |
| St Michaels Church | Fixture | War memorial railing | 3652 |
| St Michaels Church | Fixture | Lest we forget sillouette | 250 |
| St Michaels Church | Lighting Fixture | Church Lighting | 3216 |
| St Michaels Church | Lighting Fixture | Church Lighting | |
| Station Road | Fixture | Many Clouds Bench | 1050 |
| The Park | Fixture | Benches | 347 |
| Various Locations | Fixture | 28 salt bins | 1 |
| Various Locations | Lighting Fixture | Phase one - Market Place | 10788 |
| Various Locations | Lighting Fixture | Phase Two - North West | 15911 |
| Various Locations | Lighting Fixture | Phase Three - Centre and East | 15418 |
| Various Locations | Lighting Fixture | Individual replacements - Woodbury | 897 |
| Various Locations | Lighting Fixture | Individual replacements | 3761 |
| Various Locations | Lighting Fixture | Repalcement Newbury Street/Mill Lane | 895 |
| Various Locations | Lighting Fixture | Replacement Parsonage Place | 1254 |
| Various Locations | Lighting Fixture | Replacement Back Street Eastbury | 907 |
| Various Locations | Lighting Fixture | Replacement S/L Big Lane Footpath | 1811 |
| Various Locations | Lighting Fixture | Replacement S/L Atherton Place + Lambourn Place | |
| Various Locations | Lighting Fixture | Replacement S/L P1A Upper Lambourn Rd | 901 |
| Various Locations | Lighting Fixture | Replacement S/L O/S Willow End Eastbury | 377 |
| Various Locations | Lighting Fixture | Replacement S/L 2 Lambourn Place | 1927 |
| Various Locations | Lighting Fixture | Replacement S/L 3 Lambourn Place + 2 Atherton Pl | 3690 |
| Various Locations | Lighting Fixture | Replacement S./L Station Road | 981 |
| Various Locations | Lighting Fixture | Replacement Hayfield Court | 1333 |
| Various Locations | Lighting Fixture | Replacement Newbury Street P2 | 358 |
| Various Locations | Lighting Fixture | Replacement Folly Rd | 2213 |
| Various Locations | Lighting Fixture | Replacement St Agnes Terrace | 915 |
| Woodland St Mary | Fixture | Woodlands St Mary Notice board | 590 |