Keele statement of accounts 20/21

Statement of Accounts 2020 / 21

Notes to the Accounts For Notes the year to the ended Accounts 31 July 2021

For the year ended 31 July 2021

9		Other operating expenses	Notes	Year ended 31 July 2021		Year ended 31 July 2020
9 Other operating expenses Other operating expenses include :			Notes Consolidated Year ended University 31 July 2021 Consolidated Year ended University 31 July 2020 Consolidated £’ 000 University £’ 000 Consolidated £’ 000 University £’ 000
Other operating expenses include : External auditors remuneration Audit External services auditors ( see remuneration below ) Taxation Audit services and other ( see advisory below services ) Internal Taxation auditors and remuneration other advisory services Impairment Internal auditors of Tangible remuneration Assets Operating Impairment lease of rentals Tangible Assets Land Operating and buildings lease rentals Other Land and buildings			13 13	£’ 000 99 55 99 85 55 - 85 - - 204 -	£’ 000 92 55 92 85 55 165 85 165 173 204 173	£’ 000 74 76 74 102 76 1,341 102 1,341 - 212 -	£’ 000 68 76 68 102 76 1,484 102 1,484 141 212 141
Other 204 204 212 212 The consolidated audit remuneration fee for 20 / 21 was £ 77k excluding VAT . The balance relates to the irrecoverable VAT on this fee
together The consolidated with an unaccrued audit remuneration amount for 2019 fee / for 20 . 20 / 21 was £ 77k excluding VAT . The balance relates to the irrecoverable VAT on this fee
10	together with an unaccrued amount for 2019 / 20 . Interest and other finance costs		Year ended 31 July Year 2021 ended Consolidated 31 July 2021 Consolidated and University and University £’ 000		Year ended 31 July Year 2020 ended Consolidated 31 July 2020 Consolidated and University and University £’ 000
10 Interest and other finance costs Loan interest				£’ 000 2,902		£’ 000 3,009
Exchange Loan interest differences Exchange differences Net charge on pension schemes			32	2,902 3 2,905 3 804 2,905		3,009 4 3,013 4 1,741 3,013
Net charge on pension schemes			32	804 3,709		1,741 4,754
				3,709		4,754

Year ended 31 July 2021					Year ended 31 July 2020
11	Analysis of total expenditure by activity	Consolidated Year ended 31 University July 2021 Consolidated Year ended 31 University July 2020 Consolidated £’ 000 University £’ 000 Consolidated £’ 000 University £’ 000
11 Analysis of total expenditure by activity Academic		£’ 000 56,363	£’ 000 56,363		£’ 000 56,670	£’ 000 56,670
Academic Academic services Central Academic administration services General Central education administration Staff General and student education facilities Premises Staff and student facilities Residences Premises , catering and conferences Research Residences grants , catering and contracts and conferences Scholarships Research , grants bursaries and and contracts prizes Other Scholarships expenses , bursaries and prizes Staff Other costs expenses – actuarial movement Restructuring Staff costs – actuarial movement Total Restructuring University expenditure Subsidiary Total University and consolidation expenditure		16,776 56,363 12,599 16,776 3,686 12,599 6,774 3,686 19,394 6,774 18,870 19,394 13,564 18,870 4,435 13,564 3,619 4,435 ( 2,365 3,619 ) 1,924 ( 2,365 ) 155,639 1,924 155,639 ( 48 )	16,776 56,363 12,599 16,776 3,686 12,599 6,774 3,686 19,394 6,774 18,870 19,394 13,564 18,870 4,435 13,564 3,619 4,435 ( 2,365 3,619 ) 1,924 ( 2,365 ) 155,639 1,924 155,639 -		14,382 56,670 13,312 14,382 4,498 13,312 5,741 4,498 17,254 5,741 20,528 17,254 13,192 20,528 4,997 13,192 8,345 4,997 ( 33,642 8,345 ) 1,073 ( 33,642 ) 126,350 1,073 126,350 674	14,382 56,670 13,312 14,382 4,498 13,312 5,741 4,498 17,254 5,741 20,528 17,254 13,192 20,528 4,997 13,192 8,345 4,997 ( 33,642 8,345 ) 1,073 ( 33,642 ) 126,350 1,073 126,350 -
Subsidiary and consolidation Total Consolidated expenditure		( 48 ) 155,591	155,639	-	674 127,024	126,350	-
Total Consolidated expenditure		155,591	155,639		127,024	126,350

12 Taxation	Year ended 31 July 2021				Year ended 31 July 2020
12 Taxation	Consolidated Year ended 31 University July 2021 Consolidated Year ended 31 University July 2020 Consolidated £’ 000 University £’ 000 Consolidated £’ 000 University £’ 000
Current tax	£’ 000 -		£’ 000 -		£’ 000 -		£’ 000 -
Deferred Current tax tax	-	-	-	-	-	-	-	-
Deferred tax Total tax expense	-	-	-	-	-	-	-	-

Total tax expense - - - -

The University has not provided a full tax reconciliation disclosure as tax is not material to the financial statements . The University does not believe

The University that any current has not taxation provided will a be full payable tax reconciliation by the group disclosure

. as tax is not material to the financial statements . The University does not believe that any current taxation will be payable by the group .

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Keele statement of accounts 20/21 | Page 49