QCH Report FINAL V2 - Flipbook - Page 39
Queenscourt Hospice (Registered company number 2102320)
Notes to the Financial Statements
For the year ended 31 March 2024
16
Leasing agreements
Lessee
Minimum lease payments under non-cancellable operating leases fall due as follows:
GROUP/ CHARITY
Expiring:
Within one year
Between two and five years
More than five years
Land & Buildings
Other operating leases
2024
£
2023
£
2024
£
2023
£
78,283
192,000
-
79,471
205,782
47,079
4,864
15,747
-
3,590
13,400
601
270,323
332,332
20,611
17,591
Lessor
The operating leases represent leases of properties to third parties. These leases are
negotiated over terms between 6 months and 1 year. There are options for both parties to
extend the lease terms.
At the reporting end date the charity had contracted with tenants for the following minimum
lease payments:
GROUP
Expiring:
Within one year
2024
2023
£
£
6,735
11,610
6,735
11,610
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