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Our Annual Report - YouthNet

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Notes to the financial statements Year to 30 June 2012<br />

14 Lease commitments<br />

At 30 June 20122 the charityy had annual commitments under operating leases, as set out<br />

below:<br />

Land and<br />

2012<br />

£<br />

buildings<br />

2011<br />

£<br />

Other<br />

2012<br />

£<br />

2011<br />

£<br />

Operating leases which expire within:<br />

. one<br />

to two years<br />

. two<br />

to five years<br />

128,980<br />

—<br />

128,980<br />

—<br />

7,845<br />

3,780<br />

—<br />

2,690<br />

15 Liability of members<br />

<strong>YouthNet</strong> is a company c limited by guarantee and has no share capital. In the<br />

event of the<br />

company being wound up the liability of<br />

the members is limited to £1 each.<br />

37

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