Financial Statements 2017/18


29. Pension Schemes (continued) Local Government Pension Scheme (continued)


Year to


31 July 2018 £’000


Analysis of movement in the fair value of scheme assets Opening fair value of scheme assets


Movement in the period: Interest income on assets Return on assets less interest


Contributions paid by the University Member contributions Estimated benefits paid


Fair value of scheme assets at end of period Year to


31 July 2017 £’000


186,941


5,100 5,889 8,035 2,145


(5,998) 202,112


Year to


31 July 2018 £’000


Actual return on scheme assets Interest income on assets


Return on assets excluding amounts included in net interest


166,605 4,026


13,739 6,869 2,039


(6,337) 186,941 Year to


31 July 2017 £’000


5,100 5,889


10,989 30.Department for Education (previously NCTL) – Teacher Training Bursaries At


31 July 2018 £’000


Balance brought forward Funds received


Disbursed to Students Balance carried forward at 31 July 126


1,138 1,264 (1,104) 160


At


31 July 2017 £’000


103


1,461 1,564 (1,438) 126


On 1 April 2018 the National College for Teaching and Leadership (NCTL) was replaced by the Department for Education (DfE) and no longer exists. NCTL was a government executive agency , sponsored by the DfE and existed until 31 March 2018.


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


The funding body bursaries received as detailed in this note are available solely for students; the University acts only as a paying agent. All of the funding and related disbursements are therefore excluded from the statement of comprehensive income and expenditure and shown within note 19, other liabilities due within one year.


4,026


13,739 17,765


92


Middlesex University


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