AQA EDUCATION
The purpose of AQA is to advance education for the benefit of the public. It does this by setting, marking and awarding public examinations such as GCSEs and A levels; providing vocational and technical qualifications, apprenticeship courses and training needed for certain jobs; and delivering assessment services and technology to help others improve teaching, learning and assessment more widely.
Financial health, per its FY2025 accounts
The accounts state that the Group is in a strong and stable financial position with sufficient liquidity, holding £100,770,000 in cash at bank and £91,559,000 in cash fund investments. The Trustees maintain free reserves of £88,182,000, which is slightly above their stated target range of £70 million to £80 million, providing a contingency for unexpected costs or loss of income. The Group has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“There were 346 (2024: 273) employees whose emoluments, excluding pension contributions and employers’ national insurance, but including benefits in kind and termination payments, were in excess of £60,000.” — page 55
“Based on our updated assessment, our policy is to maintain free reserves in the range of £70 million to £80 million (2024: £60 million to £70 million) and as at year end, we are slightly over target range.”
“During the year there was a change in the Chair of Trustees and having received Charity Commission permission Ms Spackman, serving from April 2024 to December 2024, was paid £15,000 and then Mr Laws, serving from December 2024 to March 2025, was paid £6,000 for their role as Chair of Trustees.” — page 54
“During the year, Training Qualifications UK paid Gift Aid of £3,179,000 (2024: Nil) to AQA Education and paid dividends of £nil (2024: £6,133,000) to AQA Commercial Services Limited.” — page 74
“We also provide services through four wholly-owned trading subsidiary companies: Doublestruck Limited (Doublestruck), AQA Assessment Services Limited (AASL), AlphaPlus Consultancy Ltd (AlphaPlus), and Training Qualifications UK Limited (TQUK)”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2024) to "above" (FY2025).
Corporate structure
- Trading subsidiary: DOUBLESTRUCK LIMITED Companies House 02373295
- Registered company of the charity Companies House 03644723
- Trading subsidiary: ALPHAPLUS CONSULTANCY LIMITED Companies House 04801609
- Trading subsidiary: AQA ASSESSMENT SERVICES LIMITED Companies House 05568337
- Trading subsidiary: TRAINING QUALIFICATIONS UK LTD Companies House 07827508
- Turnover: £6.2m
- Profit before tax: £1.4m
- Donated/gift-aided to the charity: £687k
- Unsecured intercompany loan with AQA Education repaid in April 2024 (£800,000 in 2024). Additionally, amounts owed by group undertakings were £37,966 (2025) and £849,679 (2024), while amounts owed to group undertakings were £123,365 (2025) and £178,480 (2024).
“The charitable donations include £687,065 (2024: £1,985,350) payable under gift aid to AQA Education, the company's ultimate parent company.”
- Turnover: £12.3m
- Profit before tax: £-6.1m
- 7,307,000
- Turnover: £4.2m
- Profit before tax: £83k
- Donated/gift-aided to the charity: £420k
- Exemption claimed for intra-group transactions with parent AQA Education.
“Gift aid of £420,000 was paid in June 2025 for the period ended 30 September 2024.”
- Turnover: £13.6m
- Profit before tax: £4.7m
- Donated/gift-aided to the charity: £3.2m
“Gift aid distribution - (3,178,580)”
Company officers (Companies House)
- ROBINSON, Steven Vears on trustee list
- ABEDI, Mana on trustee list
- ALOZIE, Jennese Rachael on trustee list
- HEALD, Claire Louise on trustee list
- LAWS, David Anthony on trustee list
- JACKSON, Thomas John on trustee list
- EWING, Hilary Ann on trustee list
- SMITH, Paula on trustee list
- HALL, Thomas Joseph on trustee list
- ALLEN, Mark Barry Lindon on trustee list
- O'DONOGHUE, Deirdre Mary on trustee list
- HUGHES, Colin on trustee list
- STEVENS, Nicholas Martin
UK research funding (UKRI Gateway to Research)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- David Lawschair
- Claire Louise Heald
- Colin Hughes
- Deirdre Mary O'Donoghue
- Dr Hilary Ann Ewing
- Jennese Alozie
- Mana Abedi
- Mark Barry Lindon Allen
- Paula Smith
- Steven Robinson
- Thomas John Jackson
- Thomas Joseph Hall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £280.1m | £266.4m |
| 31/03/2024 | £268.8m | £253.4m |
| 31/03/2023 | £218.4m | £250.5m |
| 31/03/2022 | £148.0m | £129.9m |
| 31/03/2021 | £135.8m | £133.0m |
Common questions
Is AQA EDUCATION financially healthy?
Per its FY2025 accounts: The accounts state that the Group is in a strong and stable financial position with sufficient liquidity, holding £100,770,000 in cash at bank and £91,559,000 in cash fund investments. The Trustees maintain free reserves of £88,182,000, which is slightly above their stated target range of £70 million to £80 million, providing a contingency for unexpected costs or loss of income. The Group has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ANDREW LLOYD WEBBER FOUNDATION | 1 | £96k |
| BNA CHARITABLE INCORPORATED ORGANISATION | 1 | £19k |
| THE GOSLING FOUNDATION LIMITED | 1 | £10k |
Charities like this
- AIM Qualifications and Assessment Group
- THE ARTS EDUCATIONAL SCHOOLS
- CVQO LTD
- ADVANCE HE
- ACADEMY OF MEDICAL EDUCATORS
- Skills and Education Group Access
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AQA EDUCATION | £280.1m | — | 346 | above | — | no doubt |
| AIM Qualifications and Assessment Group | £4.2m | £100,001 - £110,000 | — | unclear | — | no doubt |
| THE ARTS EDUCATIONAL SCHOOLS | £12.0m | — | — | below | — | no doubt |
| CVQO LTD | £3.9m | — | 3 | unclear | — | no doubt |
| ADVANCE HE | £17.6m | — | — | above | — | no doubt |
| ACADEMY OF MEDICAL EDUCATORS | £337k | — | 0 | unclear | — | no doubt |