THE QUALITY ASSURANCE AGENCY FOR HIGHER EDUCATION

Registered charity 1062746 · accounts filings on the Charity Commission register · also known as QAA, QAA SCOTLAND · also registered in Scotland as SC037786 (OSCR)

Get email alerts for this charity

Latest income
£10.1m
Latest spending
£10.6m
Registered
1997
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total income increased by 3.3% to £10,110,143, while charitable expenditure decreased by 19.1% to £9,470,208, resulting in a net movement in funds of £557,752. Free reserves stood at £2,501,542, which is above the stated policy target range of £1.3-£2.0 million. The trustees and auditors confirm that the group is able to meet its liabilities as they fall due with no material uncertainties regarding its financial viability.

What the accounts disclose

Highest-paid employee band: £140,001 - £150,000 — above the median for charities its size (£130k)
The highest paid employee is the Chief Executive whose remuneration and benefits, including Employer Pension contributions and Employer National Insurance contributions, in the year were £194,275 — page 49
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: £1.3-£2.0 million (held: £2.5m)
The resultant target range of free reserves, following the annual review, is set at £1.3-£2.0 million.
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: QAA Enterprises Limited
QAA's wholly owned trading subsidiary, QAA Enterprises Limited, has made a loss of £440 — page 17
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Crowe UK LLP. Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 31/07/2025)

Total income
£10.1m
Total spending
£10.6m
Cost of raising funds
£20k
Reserves (reported)
£6.2m
Employees
126

Reported reserves equal ~7.0 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

The accounts state that total income increased by 3.3% to £10,110,143, while charitable expenditure decreased by 19.1% to £9,470,208, resulting in a net movement in funds of £557,752. Free reserves stood at £2,501,542, which is above the stated policy target range of £1.3-£2.0 million. The trustees and auditors confirm that the group is able to meet its liabilities as they fall due with no material uncertainties regarding its financial viability. Its FY2023 accounts were audited by Crowe UK LLP.

What does the highest-paid employee of THE QUALITY ASSURANCE AGENCY FOR HIGHER EDUCATION earn?

Per its FY2023 accounts, the highest-paid employee was in the £140,001 - £150,000 band.