Notes to the Accounts (continued)
23. Operating leases
The Group and Charity are committed to payments in the year to 31 March 2012 under non-cancellable operating leases, which expire as follows:
Group 2011 £000
Land and buildings Within one year
Between one and five years After five years
Total
Vehicles and equipment Within one year
Between one and five years Total
1,456 7,934 3,666
13,056
112 660
772
Group 2010 £000
1,374 8,608 5,622
15,604
168 894
1,062
Charity 2011 £000
1,381 7,396 3,666
12,443
112 660
772
Charity 2010 £000
1,127 8,258 5,622
15,007
168 894
1,062
The Charity and the Group have a lease which is for a period coming to an end more than five years from the balance sheet date and which is subject to a rent-free period in the year to 31 March 2012. No rental payments are included above in respect of this lease. However, to allocate rent over the period of the lease it is anticipated that a charge of £4.7 million will be made to the SOFA in the year to 31 March 2012 (2011: £3.2 million).
24. Guarantees
The Charity is party to a Group registration for VAT purposes. As the representative member, the Charity is jointly and severally liable for any VAT liabilities of the subsidiary companies that are part of the same VAT registration.
25. Capital commitments Future capital expenditure on specific projects for the Group of £5.6 million (Charity £nil million) had been contracted for but not provided for as at the year end (2010: Group £15.0 million and Charity £7.0 million). The additional future capital expenditure for the Group relates to £5.6 million committed by the Beatson Institute for Cancer Research for the expansion of the Institute’s Biological Services Unit.
In addition, as shown in Note 16a, the Group has a share in the capital commitments of UKCMRI Ltd at 31 March 2011 amounting to £21.5 million (2010: UKCMRI Construction Ltd £9.6 million). In total the Group expects to contribute up to £160 million towards the cost of the project.
48 / Annual Report and Accounts / Notes to the Accounts
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