Financial Statements 2019/2020


MIDDLESEX UNIVERSITY – CONSOLIDATED AND UNIVERSITY STATEMENT OF FINANCIAL POSITION


Year Ended 31 July 2020 As at 31 July 2020 Notes


Non-current assets Fixed assets Investments


Investment in subsidiaries


Current assets Stock


Trade and other receivables Investments


Cash and cash equivalents


14 16 16


Consolidated £’000


209,198 36 –


209,234


17 18 19 24


3


27,475 5,030


94,183 126,691 Less: Creditors: amounts falling due within one year Net current assets Total assets less current liabilities


Creditors: amounts falling due after more than one year


Provisions Pension provisions Other provisions


Total net assets Restricted Reserves


Income and expenditure reserve – endowment reserve


Unrestricted Reserves Income and expenditure reserve – unrestricted Revaluation reserve


Non-controlling interest Total Reserves


23 669


13,008 19,664 33,341 185


33,526 669


10,324 19,664 30,657 –


30,657 618


61,591 19,725 81,934 84


82,018 618


58,499 19,725 78,842 –


78,842


The Financial Statements were approved and authorsied for issue by the University Board of Governors on 23 November 2020 and were signed on its behalf on that date by:


21 20 (54,461) 72,230 281,464 (78,098)


University £’000


209,070 36 25


209,131 3


26,342 5,030


88,249 119,624


(50,160) 69,464 278,595 (78,098) As at 31 July 2019


Consolidated £’000


215,069 36 –


215,105 4


25,140 –


96,662 121,806


(54,117) 67,689 282,794 (82,362)


University £’000


214,872 36 25


214,933 4


23,971 –


90,539 114,514


(49,829) 64,685 279,618 (82,362)


22 22


(168,531) (1,309)


33,526


(168,531) (1,309)


30,657


(116,257) (2,157)


82,018


(116,257) (2,157)


78,842


Geraldine Proudler Chair of the Board of Governors


86


Professor Nic Beech Vice-Chancellor


James Kennedy Chief Financial Officer


The accompanying notes and Policies on pages 89 to 131 form part of these Financial Statements. Middlesex University


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