THE QUALITY ASSURANCE AGENCY FOR HIGHER EDUCATION
A range of activities to secure HE standards & quality: reviews & audits of standards & quality in HE providers; published reports & intelligence arising from those reviews & audits; maintenance of the UK Quality Code, subject benchmarks and qualifications frameworks; advice on degree awarding powers & university title, Access to HE & support for HEIs in relation to international developments.
Financial health, per its FY2025 accounts
The accounts state that free reserves of £5.7 million are significantly above the stated policy target range of £1.2-£2.3 million. The trustees confirm that the charity can meet its liabilities as they fall due and have prepared the financial statements on a going concern basis with no material uncertainties identified.
What the accounts disclose
“Other contracts and related income 3,307,166” — page 38
“The resultant target range of free reserves, following the annual review, is set at £1.2-£2.3 million.”
“QAA holds one ordinary £1 share (100%) in QAA Enterprises Limited, a wholly owned trading subsidiary company”
In the news
Funders the charity credits
- Scottish Funding Council
- Department for the Economy in Northern Ireland
- Higher Education Funding Council for Wales
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Caroline Jane Carter
- Christian Brodie
- Dr Fazal Dad
- Dr Lucy Ann Jones
- JULIAN ALEXANDER FRASER
- Jimena Alamo
- Ladan Saghafi
- Peter Vermeulen
- Professor Mirjam Platinga
- Professor Moira Catherine Fischbacher-Smith
- Professor Nic Beech
- Professor Nichola Callow
- Professor Odette Hutchinson
- Professor Philip Andrew Deans
- Professor Rachid Hourizi
- Richard Hazim Khaldi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £10.1m | £10.6m |
| 31/07/2024 | £8.8m | £5.8m |
| 31/07/2023 | £10.1m | £9.5m |
| 31/07/2022 | £9.8m | £11.7m |
| 31/07/2021 | £8.3m | £8.3m |
Common questions
Is THE QUALITY ASSURANCE AGENCY FOR HIGHER EDUCATION financially healthy?
Per its FY2025 accounts: The accounts state that free reserves of £5.7 million are significantly above the stated policy target range of £1.2-£2.3 million. The trustees confirm that the charity can meet its liabilities as they fall due and have prepared the financial statements on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NATIONAL GARDEN SCHEME | 1 | £1.4m |
| THE BURDETT TRUST FOR NURSING | 1 | £77k |
| THE COMPANY OF NURSES CHARITABLE TRUST | 1 | £52k |
| THE RCN FOUNDATION | 1 | £9k |
Charities like this
- AIM Qualifications and Assessment Group
- HIGHER EDUCATION POLICY INSTITUTE
- BRITISH ACCREDITATION COUNCIL FOR INDEPENDENT FURTHER AND HIGHER EDUCATION
- Skills and Education Group Access
- THE COLLEGE OF RADIOGRAPHERS
- THE OFFICE OF THE INDEPENDENT ADJUDICATOR FOR HIGHER EDUCATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE QUALITY ASSURANCE AGENCY FOR HIGHER EDUCATION | £10.1m | — | — | above | — | no doubt |
| AIM Qualifications and Assessment Group | £4.2m | £100,001 - £110,000 | — | unclear | — | no doubt |
| HIGHER EDUCATION POLICY INSTITUTE | £842k | £110,000 - £119,999 | 1 | above | — | no doubt |
| BRITISH ACCREDITATION COUNCIL FOR INDEPENDENT FURTHER AND HIGHER EDUCATION | £782k | — | 0 | above | — | no doubt |
| Skills and Education Group Access | £749k | — | 0 | below | — | noted |
| THE COLLEGE OF RADIOGRAPHERS | £2.4m | — | — | above | — | no doubt |