Middlesex University


Financial Statements 2015/16


9. Staff costs (continued)


Higher paid post-holders’ emoluments The number of higher paid staff (excluding the Senior post holder) who received emoluments excluding employer’s pension contributions in the following ranges was:


Year Ended 31 July 2016 Number


£100,000 to £109,999 £110,000 to £119,999 £120,000 to £129,999 £130,000 to £139,999 £140,000 to £149,999 £150,000 to £159,999 £160,000 to £169,999 £170,000 to £179,999


6 4 1 1 – –


1 1


14


Year Ended 31 July 2016 £000


The above higher paid staff emoluments are made up as follows: Salaries


Compensation for loss of office Benefits in kind


Pension contributions Total emoluments


1,654 141 22


1,817 235


2,052


The pension contributions of higher paid staff are in respect of employer’s contributions to either the Teachers Pension or the Local Government Pension Scheme and are paid at the same rate as for all other employees.


Year Ended 31 July 2016 £000


Compensation for loss of office to higher paid post holders: Compensation paid or payable


Compensation recorded within staff costs


141 141


The compensation pay for loss of office comprise of amounts paid or payable where a liability existed at 31 July 2016 to two employees earning emoluments in excess of £100,000 and was funded from general income. The compensation pay and benefits was approved by the University’s Remuneration committee or the respective delegated authority as appropriate.


Key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the University. Staff costs include compensation paid to key management personnel. Middlesex University defines ‘key management personnel’ as members of the Vice Chancellor’s Executive (VCE). If a member of staff was a member of the VCE at any point in the year, the full years costs are disclosed. Salary costs include one member of the VCE who was paid a fee at a level comparable to equivalent roles paid via the payroll. Compensation consists of salary and benefits including any employer’s pension contribution.


Year Ended 31 July 2016 £000


Key management personnel compensation 54 1,452


Year Ended 31 July 2015 £000


1,099


Year Ended 31 July 2015 £000


– –


Year Ended 31 July 2015 Number


3 2 2 –


1 1 2 –


11


Year Ended 31 July 2015 £000


1,704 –


75


1,779 166


1,945


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