Financial Statements 2018/19


29.Pension Schemes (continued) Year to


31 July 2019 £’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 2018 £’000


202,112


186,941


5,711 9,090 8,133 2,169


(6,307) 220,908 Year to


31 July 2019 £’000


Actual return on scheme assets Interest income on assets


Return on assets excluding amounts included in net interest


5,711 9,090


14,801 At


31 July 2019 £’000


30.Department for Education – Teacher Training Bursaries Balance brought forward


Funds received Disbursed to Students Balance carried forward at 31 July


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


(5,998) 202,112


Year to


31 July 2018 £’000


5,100 5,889


10,989 At


31 July 2018 £’000


160


1,793 1,953


(1,835) 118


126


1,138 1,264


(1,104) 160


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


The DfE 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.


Middlesex University 101


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108