Annual Report and Accounts 2009-10 - Welfare Reform impact ...

16 Operating leases
There is a sub-lease for accommodation and facilities with the Department
for Work and Pensions which expires 31 March 2018. The charges to the
ILF are set in the head lease between the Department and Land Securities
Trillium, and the ILF is not able to control or verify the amounts charged.
The facilities element is calculated quarterly and may be abated by penalties
for failure to deliver the agreed service level.
There is a software licence with Ceridian Centrefile Ltd for a HR payroll system
which expires on 31 March 2012. Negotiations are ongoing to replace this
lease with a new contract for improved services during 2010-11.
There is a three-year operating lease for a car for the use of the Chief
Executive as part of his loan agreement; allowable petrol costs are claimed
as expenses in accordance with ILF travel and expenses policy.
Total future minimum lease payments under operating leases for each
of the following periods were:
31 Mar 2010 31 Mar 2009 1 Apr 2008
£,000 £,000 £,000
Land and buildings (Equinox House)
within one year 1,068 1,109 1,109
within two to five years 4,272 4,436 4,436
after five years 3,204 4,436 5,545
-------------- -------------- --------------
8,544 9,981 11,090
-------------- -------------- --------------
Other leases
within one year 15 8 8
within two to five years 30 16 24
after five years - - -
-------------- -------------- --------------
45 24 32
-------------- -------------- --------------
94 Independent Living Fund (2006)