Middlesex University


Financial Statements 2016/17


30.HEFCE – Postgraduate support scheme funds


At 31 July 2017 £000


Balance brought forward Funds received


Disbursed to Students Balance carried forward at 31 July


- - - - -


At 31 July 2016 £000


-


330 330


(330) -


The Postgraduate Support Scheme (PSS) supported students progressing to postgraduate taught education. It focused on students who are under-represented at postgraduate level and in subjects aligned with the Government’s growth strategies.


The HEFCE PSS which provided scholarships to contribute to the costs of masters study was discontinued after 2015/16 as planned, with the introduction of loan schemes for postgraduate masters students


31. NCTL – Teacher Training Bursaries


At 31 July 2017 £000


Balance brought forward Funds received


Disbursed to Students Balance carried forward at 31 July 103


1,461 1,564


(1,438) 126


At 31 July 2016 £000


88


1,357 1,445


(1,342) 103


The NCTL training bursaries are a financial incentive to attract and retain high quality graduates into the teaching profession.


Funding body bursaries and other student grants received as detailed in notes 30 and 31 are available solely for students and student support; the University acts only as a paying agent. All of the funding and related disbursements are therefore excluded from the statement of income and expenditure and shown within Note 19 other liabilities due within one year.


32.MillionPlus


At 31 July 2017 £000


Balance brought forward Subscriptions received from affiliated universities Campaign expenses Balance carried forward at 31 July


263 462 725


(470) 255


At 31 July 2016 £000


301 408 709


(446) 263


MillionPlus is a university think-tank seeking to solve complex problems in the higher education sector. It is funded by subscriptions received from its affiliated member universities.


The University acts as a paying agent for MillionPlus. All of the funding and related disbursements are therefore excluded from the statement of income and expenditure account and shown within Note 19 other liabilities due within one year.


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