Keele statement of accounts 20/21 | Page 54

Keele University
Notes to the Accounts Notes to Notes the to Accounts to the the Accounts For the year ended 31 July 2021
For the For For year the the ended year ended 31 July 31 31 2021 July 2021
16
Investment
16
16
Investment in jointly jointly controlled controlled company company and other and and partnerships other partnerships
Joint contracts
Joint contracts and partnerships and and partnerships
The University
The
The University operates operates a number a a number of collaborative of of collaborative provision provision arrangements arrangements with other with with Universities other Universities and educational and and educational establishments establishments , as follows , as , as : follows :
:
Partner
Partner
Country
Country
Type of
Type arrangement of of arrangement
Active
Active
Beijing
Beijing Foreign Foreign Studies Studies University University
China
China
Joint Award
Joint Award
Harper
Harper Adams Adams University University
United
Kingdom
United Kingdom
Joint Award
Joint Award
Shaw
Education
Shaw Education Trust and Trust Keele and and and Keele North and and Staffordshire North Staffordshire Primary Primary SCITT SCITT
United
Kingdom
United Kingdom
Franchising
Franchising
Undergoing
Undergoing teach out teach out out
Foundation
Foundation for International for for International Medical Medical Education Education and Research and and Research
USA
USA
Validation
Validation
Staffordshire
Staffordshire University University ( by September ( by ( by September 2021 ) 2021 ) )
United
Kingdom
United Kingdom
Joint Award
Joint Award
The University The The University partners partners with Higher with with Higher Education Education Partners Partners (“ HEP (“ ”), (“ HEP an ”), online ”), an an programme online programme manager manager , to help , to , to deliver help deliver degree degree programmes programmes online from
online from the 2020 the the / 21 2020 academic / 21 / 21 academic year . HEP year . provides . HEP provides dedicated dedicated support support to enable to to enable Keele to Keele develop to to develop and implement and and implement cutting-edge cutting-edge online learning online learning resources resources to to to expand expand its product its its product offering offering and to and ensure and to to ensure the University the the University continues continues to deliver to to deliver an outstanding outstanding student student experience experience . The . partnership The . The partnership will complement will will complement
Keele ’ s Keele on-campus ’ s ’ s on-campus taught education taught education . .
.
17 Stock 17 17 Stock
At 31 At July At 31 31 2021 July 2021 At 31 At July At 31 31 2020
July July 2020 Consolidated Consolidated University University Consolidated Consolidated University
University £’ 000 £’ £’ 000 000 £’ 000 £’ £’ 000 000 £’ 000 £’ £’ 000 000 £’ 000
£’ £’ 000 000
Finished
Finished goods goods
127
127
127
127
127
127
173
173
173
173
173
173
Development
Development land land
3,612
3,612
-
-
-
4,098
4,098
-
-
-
3,739
3,739
127
127
127
4,271
4,271
173
173
173
The development
The
The development land is held land is by is held Keele by by University Keele University Science Science and Business and and Business Park Ltd Park . Ltd Ltd .
.
18
Trade
18
18 and
Trade other and and receivables other receivables
At 31
At July
At 31 31 2021 July 2021
At 31
At July
At 31 31 2020 July July 2020
Consolidated
Consolidated
University
University
Consolidated
Consolidated
University
University
£’ 000
£’
£’ 000 000
£’ 000
£’
£’ 000 000
£’ 000
£’
£’ 000 000
£’ 000
£’
£’ 000 000
Amounts
Amounts falling falling due within due due one within year one one : year :
: Research
Research grants receivables grants receivables
1,968
1,968
1,968
1,968
1,516
1,516
1,516
1,516
Other trade
Other receivables trade receivables
2,606
2,606
2,606
2,606
2,232
2,232
2,232
2,232
Other receivables
Other receivables
3,355
3,355
3,347
3,347
2,527
2,527
2,474
2,474
Prepayment
Prepayment and accrued and and accrued income income
4,389
4,389
4,389
4,389
4,658
4,658
4,658
4,658
Amounts
Amounts due from due due subsidiary from subsidiary companies companies
-
-
-
94
94
94
-
-
-
25
25
25
12,318
12,318
12,404
12,404
10,933
10,933
10,905
10,905
Amounts
Amounts falling falling due after due due one after year one one : year :
: Prepayment
Prepayment and accrued and and accrued income income
2,829
2,829
2,829
2,829
2,994
2,994
2,994
2,994
Amounts
Amounts due from due due subsidiary from subsidiary companies companies
-
-
-
3,300
3,300
-
-
-
3,330
3,330
15,147
15,147
18,533
18,533
13,927
13,927
17,229
17,229
Within the
Within prepayments the the prepayments balances balances are deferred are are deferred costs relating costs relating to the to Keele to the the Residential Keele Residential Funding Funding agreements agreements in 1999 in in and 1999 2007 and and , which 2007 , , are which being are are being
expended expended over the over life the the of life the life of leases of the the . leases . .
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