MIDDLESEX UNIVERSITY – NOTES TO THE ACCOUNTS (continued)


Year ended 31 July 2021


11. INTEREST AND OTHER FINANCE COSTS Year ended 31 July 2021 Notes


Interest on bank loans not wholly repayable within 5 years


Exchange differences


Interest charge on pension enhancement provision Interest charge on net LGPS pension scheme deficit


22 31


Consolidated £’000


University £’000


Year ended 31 July 2020


Consolidated £’000


University £’000


3,931 (52) 80


2,339 6,298


3,931 –


80


2,339 6,350


12.a. ANALYSIS OF TOTAL EXPENDITURE BY ACTIVITY Year ended 31 July 2021


Consolidated £’000


Academic Faculties Academic services


Research grants and contracts


Residences, catering and conferences Premises


Central services and administration* Other expenses


Staff restructuring costs


86,277 45,815 4,845 7,754


24,151 36,679 2,708


208,229 412


208,641


University £’000


75,822 45,878 3,419 7,754


24,151 36,667 2,554


196,245 412


196,657


4,562 (27) 70


2,389 6,994


4,562 –


70


2,389 7,021


Year ended 31 July 2020


Consolidated £’000


90,259 45,496 3,361


10,830 27,788 35,992 2,681


216,407 417


216,824


University £’000


79,082 45,466 3,121


10,830 27,788 35,992 2,609


204,888 417


205,305 *Central services and administration expenditure includes costs of student and staff facilities and amenities, and general education expenditure.


122


Middlesex University


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