Financial Statements 2019/2020


MIDDLESEX UNIVERSITY NOTES TO THE ACCOUNTS (continued)


Year Ended 31 July 2020


9. STAFF COSTS (continued) 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 Executive Team. Compensation consists of salary and benefits including any employer’s pension contribution.


The pension contributions of key management personnel 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 member employees.


Year Ended 31 July 2020


Total compensation paid to key management personnel The current members of the University Executive Team are detailed at page 10. 10. OTHER OPERATING EXPENSES Year ended 31 July 2020


Consolidated £’000


Premises and maintenance costs Marketing and recruitment


Catering, accommodation and partners General expenses


IT equipment and maintenance Other central costs


Outsourcing and professional advisors Learning resources Staff development


11,865 12,132 16,669 3,864 6,916


11,460 6,747 4,957 710


75,320


University £’000


10,473 13,344 16,658 3,764 6,871


10,730 6,472 4,833 694


73,839 Year ended 31 July 2019


Consolidated £’000


11,009 9,834


16,534 5,375 5,983 7,721 6,335 4,849 1,047


68,687


University £’000


9,509 11,179 16,503 5,207 5,983 7,350 6,112 4,735 999


67,577


£’000 1,544


Year Ended 31 July 2019


£’000 1,514


Middlesex University


105


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