21. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR (continued)


The secured bank loan facilities are repayable over the terms shown below. Interest is charged at the rates shown and all rates are fixed until their rate is renewed at a fixed future date or at the end of the loan term.


The loans are secured against the University campus properties to which they relate. Amount Loan Lender


Barclays Bank plc


Lloyds Bank plc


Lloyds Bank plc


Lloyds Bank plc


Lloyds Bank plc


Lloyds Bank plc


Lloyds Bank plc


Borrower University University University University University University University


Hendon Campus, 1 Burroughs Parade and Ivy Hall


Part of Hendon Campus


Property name Part of


amount £’000


43,000 12,000 15,000 10,000 5,000 5,000


10,000 57,000


100,000


22. PROVISIONS FOR LIABILITIES Consolidated and University


Obligation to fund deficit on LGPS Pension £’000


At 1 August 2020 Utilised in year


Additions in 2020/21 At 31 July 2021


163,516 –


(21) 163,495 Pension


enhancements on termination £’000


5,015 (462) 80


4,633 Total


Pension Provisions £’000


168,531 (462) 59


168,128


Restructuring Provision £’000


309


(225) 46


130


Leasehold Dilapidation £’000


1,000 – –


1,000


Total Other


Provisions £’000


1,309 (225) 46


1,130


Draw down amount £’000


43,000 12,000 15,000 10,000 5,000 5,000


10,000 57,000


100,000


outstanding at 31 July 2021 £’000


23,274 9,743 12,126 8,108 3,559 4,070 Term 25 Years 28 Years 27 Years 26 Years 26 Years 26 Years 7,170 25.5 Years


44,776 68,050


Fixed Until


2030 2037 2037 2037 2026 2016 2017


Interest rate %


Expiry date


6.0300% 2030 6.5950% 2037 6.4250% 2037 6.5450% 2037


6.7050% 2037 Variable


(from 7 June 2016) 3


month LIBOR Variable


(from 7 June 2017) 3


month LIBOR 2037 2037


131


Financial Statements 2020/21


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