P A G E | 81 EALING COUNCIL DRAFT STATEMENT OF ACCOUNTS 2025/26

2025/26 £000's2024/25 £000's
Comprehensive Income and Expenditure statement
Interest expense on lease liabilities1,8182,254
Expense relating to short-term leases45906
Expense relating to exempt leases of low-value items417308
Income from subletting right-of-use assets(150)(1,655)
Cashflow statement
Minimum lease payments24,46025,199

Maturity Analysis of Lease Liabilities

The lease liabilities are due to be settled over the following time bands (measured at the undiscounted amounts of expected cash payments).

Lease Liabilities31 March 2025 £000's31 March 2026 £000's
Less than one year17,11718,780
One to five years12,57610,849
More than five years578197
Total Liabilities30,27129,826

AUTHORITY AS LESSOR

The council leases out property under operating leases for the following purposes:

  • For the provision of community services, such as sports facilities and community centres
  • For economic development purposes to provide suitable affordable accommodation for local businesses.

Transactions under leases

The council made the following gains and losses as a lessor during the year:

2024/25 £000's2025/26 £000's
Finance Leases
Finance income on the net investment in a lease(28)(137)
Operating Leases
Total lease income3,6754,094