Keele statement of accounts 20/21

Statement of Accounts 2020 / 21

Notes Notes to the to Accounts

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

July 2021 For the year ended 31 July 2021

19 Current 19 19 Current Investments Investments

Current Current asset investments asset investments include include deposits deposits held with held banks with banks and building and building societies societies operating operating the London in in the London market market and licenced and licenced by the by Financial

by the Financial Services Services Authority Authority with more with than more three than months three months but less but than less twelve than twelve months months maturity maturity the at balance at the balance sheet date sheet . The date University . . The University does not does hold not hold any deposits any deposits with a with maturity a a maturity of three of of months three months or greater or or greater . As such . . As As , any such liquid , , any investments liquid investments held are held classified are classified cash as as and cash cash and equivalents cash equivalents . . .

20 Creditors 20 20 Creditors : amounts : : amounts falling falling due within due within one year one year

At 31 July At At 31 31 2021 July 2021 At 31 July At At 31 31 2020

July 2020 Consolidated Consolidated University University Consolidated Consolidated University

University £’ 000 £’ £’ 000 £’ 000 £’ £’ 000 £’ 000 £’ £’ 000 £’ 000

£’ £’ 000

Unsecured Unsecured loans ( loans see note ( see ( 21a note ) 21a ) )	1,962 1,962		1,962 1,962		1,962 1,962		1,962 1,962
Trade Trade payables payables	3,578 3,578		3,578 3,578		3,058 3,058		3,058 3,058
Other creditors Other creditors	863 863		863 863		668 668		668 668
Social Social security security and other and taxation other taxation payable payable	1,910 1,910		1,910 1,910		1,963 1,963		1,963 1,963
Accruals Accruals and deferred and deferred income income	23,045 23,045		22,705 22,705		26,374 26,374		26,140 26,140
Research Research grants grants and contract and contract advances advances	8,085 8,085		8,085 8,085		7,254 7,254		7,254 7,254
Payments Payments received received on account on on account	2,428 2,428		2,428 2,428		2,500 2,500		2,500 2,500
Amounts Amounts due to due subsidiary to to subsidiary companies companies	-	- -	13	13 13	-	- -	10	10 10
Deferred Deferred income income : Keele : : Keele Residential Residential Funding Funding premium premium ( see Note ( see ( 21b Note ) 21b ) )	2,842 2,842		2,842 2,842		2,842 2,842		2,842 2,842
Derivative Derivative ( see note ( see ( 25 note ) 25 25 ) )	131 131		131 131		300 300		300 300
	44,844 44,844		44,517 44,517		46,921 46,921		46,697 46,697

Deferred Deferred income income
Included Included within within creditors creditors falling falling due within due within one year one are year the are following the following items of items income of of income which which have been have deferred been deferred until specific until specific performance performance related related
conditions conditions have been have met been . met . .
	At 31 July At At 31 31 2021 July 2021		At 31 July At At 31 31 2020 July 2020
	Consolidated Consolidated and University and University		Consolidated Consolidated and University and University
	£’ 000 £’ £’ 000		£’ 000 £’ £’ 000
Capital Capital grant income grant income	859 859		8,073 8,073
Research Research grants grants received received on account on on account	1,175 1,175		1,086 1,086
Other income Other income	16	16 16	10	10 10
2,050 2,050			9,169 9,169

21 Creditors 21 21 Creditors : amounts : : amounts falling falling due after due more after than more one than year one year

At 31 July At At 31 31 2021 July 2021 At 31 July At At 31 31 2020

July 2020 Consolidated Consolidated University University Consolidated Consolidated University

University £’ 000 £’ £’ 000 £’ 000 £’ £’ 000 £’ 000 £’ £’ 000 £’ 000

£’ £’ 000

Unsecured Unsecured loans ( loans see note ( see ( 21a note ) 21a ) )	64,831 64,831	64,831 64,831		66,793 66,793	66,793 66,793
Deferred Deferred income income : Keele : : Keele Residential Residential Funding Funding premium premium ( see Note ( see ( 21b Note ) 21b ) )	43,212 43,212	43,212 43,212		46,054 46,054	46,054 46,054
Other long-term Other long-term creditors creditors	3,152 3,152	14	14 14	3,661 3,661	-	- -
111,195 111,195		108,057 108,057		116,508 116,508	112,847 112,847

21 ( a ) 21 Mortgages 21 ( a ( a ) ) Mortgages and unsecured and unsecured loans loans	At 31 July At At 31 31 2021 July 2021			At 31 July At At 31 31 2020 July 2020
	Consolidated Consolidated			Consolidated Consolidated
£’ 000 £’ £’ 000		£’ 000 £’ £’ 000		£’ 000 £’ £’ 000	£’ 000 £’ £’ 000
Analysis Analysis of secured of of secured and unsecured and unsecured loans : loans : : Due within Due within one year one or year on demand or or on on demand ( see note ( see ( 20 note ) 20 20 ) )		1,962 1,962			1,962 1,962
Due between Due between one and one two and years two years	1,962 1,962			1,962 1,962
Due between Due between two and two five and years five years	5,886 5,886			5,886 5,886
Due in Due five in years in five or years more or more	56,983 56,983			58,945 58,945
Due after Due more after than more one than year one ( see year note ( see ( 21 note ) 21 21 ) )		64,831 64,831			66,793 66,793
Total secured Total secured and unsecured and unsecured loans loans		66,793 66,793			68,755 68,755
Secured Secured loans loans		-	- -		-	- -
Unsecured Unsecured loans repayable loans repayable by 2042 by by 2042		66,793 66,793			68,755 68,755
		66,793 66,793			68,755 68,755

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Keele statement of accounts 20/21 | Page 55