Financial Statements 2019/2020


MIDDLESEX UNIVERSITY NOTES TO THE ACCOUNTS (continued)


Year Ended 31 July 2020 9. STAFF COSTS Year ended 31 July 2020 Notes Salaries Social security costs


LGPS FRS102 pension charge Other pension costs


Staff restructuring costs Total


31 31


Consolidated £’000


89,306 8,959 5,396 17,397


121,058 417


121,475


University £’000


79,528 8,843 5,396


17,308


111,075 417


111,492 Year ended 31 July 2019


Consolidated £’000


89,308 9,091 4,063


14,759 117,221 2,024


119,245


University £’000


79,500 8,921 4,063


14,720 107,204 2,024


109,228


Other pension costs represent the University employers contributions to the Teachers’ Pension Scheme (TPS) and the Local Government Pension Scheme (LGPS) shown at note 31.


Year Ended 31 July 2020


Number


Average group staff numbers by major category, expressed on a full-time equivalent basis, during the year were:


Academic


Administration and senior management Technical


Other (including Research)


945 775 88 38


1,846


Vice-Chancellor remuneration Professor Nic Beech: 3 February 2020 – 31 July 2020 Basic salary


Payments in lieu of pension contributions Contribution to relocation costs Total remuneration


£'000 124 12 10


146


957 815 85 49


1,906


£'000 – – – –


Professor Nic Beech joined the University as Vice-Chancellor on 3 February 2020 on an annual basic salary of £250k and payments in lieu of pension contributions of £25k. Professor Nic Beech’s annual total remuneration is £295k for the year ended 31 July 2020 (including one-off contribution to relocations costs totalling £20k).


The Vice-Chancellor did not receive any pension contributions in the year. The Vice-Chancellor voluntarily withdrew from the LGPS on the date of his appointment (3 February 2020) and, in accordance with an understanding reached upon joining the University and ratified by the Remuneration Committee, has received, from that date, a monthly salary adjustment (shown within remuneration as ‘payments in lieu of pension contributions’) in the form of earnings as 10% of his annual basic salary. The 10% is below LGPS Employer’s pension contribution of 18.5% for the year ended 31 July 2020.


The Vice-Chancellor received £10k in the form of earnings which represents the first half of a £20k one-off contribution to relocation expense that was ratified by the Remuneration Committee. No performance related pay has been made during the year 2019/20.


Year Ended 31 July 2019


Number


Middlesex University


101


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