THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
31 DECEMBER 2024
Company number: 03709481
Charity number: 1089537
THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION
(A company limited by guarantee) ‐ Company number: 03709481
Contents
Directors’ and Trustees’ Report .................................................................................................... 1 Independent Examiner's Report ................................................................................................... 6 Statement of Financial Activities .................................................................................................. 7 Balance Sheet ............................................................................................................................... 9 Notes to the Accounts ................................................................................................................ 10
THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
DIRECTORS’ AND TRUSTEES’ REPORT FOR YEAR ENDED 31 DECEMBER 2024
The Executive Committee, the members of which are the directors and the trustees of The Staff and Educational Development Association (SEDA) the charitable company, present their report and the unaudited accounts for the year ended 31 December 2024.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charitable company.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Chairs’ report
SEDA continues to promote innovation and good practice in higher education. SEDA is seen by many as the shaper of thought and initiator of action in staff and educational development, not only in the UK but in the international domain also.
We have had another very active year, arranging our normal calendar of conferences and events, producing regular periodicals including our journal, magazine and blog; publishing books; accrediting courses at higher education institutions, and recognising achievements through our own Fellowship scheme; supporting communities of practice, and facilitating educational development projects overseas. In terms of finance, we have again recorded a net income, this is in large part due to continuing efforts to reduce costs and increase income.
Thanks are due to the various Committee Chairs, members of the Executive (trustees listed on page 3) and staff in the ACU for their work, good judgment, advice and cooperation during the past year.
Clare Saunders and Erika Corradini, Co‐Chairs
Aims and Activities
The primary objects of the charitable company are the advancement of education for the benefit of the public, particularly through the improvement of all aspects of learning, teaching and training in higher education through staff and educational development.
In shaping the charitable company’s objectives for the year and planning its activities the Trustees have considered the Charity Commission’s guidance on public benefit.
Review of Activities
In 2024 SEDA has continued to be influential in Higher Education and has further developed its work in the areas of research, online events, publications, professional development and membership services. Annual Reports of the Staff and Educational Development Association are available to download at: http://www.seda.ac.uk/about and give a detailed review of activities, together with details of SEDA's development and collaborative achievements and an exploration of its public benefit.
Achievements and Performance
SEDA continues to meet the needs of higher education in a time of considerable change and uncertainty in the sector ‐ unrestricted income reduced slightly to £235K (2023: £256K), this represents a reasonable performance with the sector facing a difficult financial situation.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
DIRECTORS’ AND TRUSTEES’ REPORT ‐ continued
Financial Review
The attached statement of accounts gives details of the 2024 income and expenditure and compares these with the 2023 accounts. Membership subscription income reduced slightly to £163K in 2024 (2023: £167K). Conferences income increased to £18K following the move to hold an online and face‐to‐face conference in 2024
The expenditure for the two journals (Innovations in Education and Teaching International and Educational Developments) was £29K. Income from SEDA’s publications was £2.1K (2023: £4.4K), while costs increased slightly to £3K (2023: £2.4K). This area of activity is subject to the same falling demand that faces all publishers. Production costs are under constant review. Professional development income reduced to £16K (2023: £21K). With Professional Development costs increasing slightly to £18K (2022: £13K). Both publications and professional development are essential to SEDA's overall membership provision and continue to be a valuable resource for the sector.
The Executive has met during the year to monitor SEDA’s income and expenditure and to advise and guide on management, financial and operational issues. All SEDA’s Committees continue to have important work to do to consider the costs of their activities and to advise on measures which can be taken to ensure SEDA continues to operate on a sound financial basis. Committees also ensure SEDA’s ‘products’ are relevant to the sector and are developed in conjunction with current HE developments.
SEDA has, throughout the year, continued to chase debts with vigour and this will continue in 2025.
Plans for the Future
It is crucial that SEDA maintains and continues to expand its membership base as this continues to provide the majority of its income. SEDA must ensure that its membership offer is enhanced, and work continues to meet this need. We continue to seek to reduce SEDA’s reliance on membership funding and explore opportunities to diversify its income. Face to face events were reintroduced successfully in 2024, we must continue this development in 2025. We will continue to support and extend funding for research in the field of educational development.
SEDA must continue the measures already in place to ensure activities are correctly costed and identify and strive for efficiency savings wherever possible and appropriate. It is important that during 2025 all SEDA Committees continue to ensure the cost effectiveness of their operations. SEDA must maintain strict financial controls and good housekeeping through all its activities. Every effort must be made to maximise income opportunities and Committees must take on the responsibility to evaluate the cost effectiveness of activities. SEDA continues to have a wide range of good, necessary and marketable ‘products’ that are in demand in the sector. It is the responsibility of all committee members to ensure that the quality of these ‘products’ is maintained and enhanced, and that marketing is put in place to ensure that they reach all of their potential markets.
Risk Management
Major risks have been reviewed and systems and procedures established to manage these risks, e.g. annual review of risk register.
The following key principles outline SEDA’s approach to risk management and internal control. That the Executive Committee:
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has responsibility for overseeing risk management within the company as a whole;
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has an open and receptive approach to solving risk problems;
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makes conservative and prudent recognition and disclosure of the financial and non‐financial implications of risks, whilst recognising them; and
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identifies key risk indicators and closely monitors them on a regular basis.
SEDA maintains a Register of Risks, and this is assessed and updated annually. The key risks faced are the fast‐moving pace of developments in the Higher Education sector, the increasing reliance on membership income and the difficulty in communicating SEDA’s work and impact to the sector.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
DIRECTORS’ AND TRUSTEES’ REPORT ‐ continued
Reserves Policy and Going Concern Basis
During the year the trustees reviewed the Reserves Policy. Reserves are held to accommodate structural changes in SEDA’s activities – e.g. decline in income or investment for development of new activities. The trustees considered that a range between £175K and £225K is appropriate. This year’s net income increases SEDA’s unrestricted reserve and this now stands at £230K (2023: £214K), which is slightly above this range but reflects inflationary increases.
Rapid and decisive action has been taken throughout the year to reduce expenditure and control costs (e.g. postage, travel, printing and administrative costs). This has had some success, however, more work is required to further understand all costs and maximise income. Work has been carried out to ensure our membership offers are increased and attractive. We continue to review our membership offer to ensure we are still sector relevant. SEDA will continue to control its finances rigorously, which together with the reserves, our continuing attractiveness to external partners and a third year of financial surplus justifies the Trustees’ opinion that it is a going concern.
Administration ‐ structure, governance and management
Charity name The Staff and Educational Development Association The charity is also known as SEDA. Charity Registration Number 1089537 Company Registration Number 03709481 Registered office Woburn House, 20‐24 Tavistock Square, London WC1H 9HF Executive Committee Jo Aylin (resigned 28/05/2024) Sue Beckingham (appointed 28/05/2024) Dr. Rebecca Bilton Dr. Charles Buckley Dr. Silvia Colaiacomo (appointed 25/07/2024) Dr. Erika Corradini Vicky Davies (resigned 10/09/2024) Prof. Carole Davis (appointed 31/10/2024) Dr. Mary Fitzpatrick Prof. Wendy Garnham (appointed 28/05/2024) Dr. Annie Hughes (appointed 12/09/2024) Prof. Helen King Dr. Gemma Mansi Dr. Giles Martin (resigned 15/10/2024) Prof. Willie McGuire (resigned 04/02/2025) Dr. Chris Mitchell (appointed 07/05/2024) Ros O’Leary (appointed 28/05/2024) Prof. Pamela Parker Dr. Clare Power Maureen Royce (appointed 28/05/2024) Rachel Rusu Dr. Clare Saunders René Schegg (resigned 06/02/2024) Maurice Teasdale Dr. Jennie Winter Prof. James Wisdom Prof. Gina Wisker
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION
(A company limited by guarantee) ‐ Company number: 03709481
DIRECTORS’ AND TRUSTEES’ REPORT ‐ continued Company Secretary Independent Examiner Bankers Professor James Wisdom Annie Lee NatWest plc PK Audit LLP Tavistock House Statutory Auditors Tavistock Square Chartered Accountants London WC1H 9XA
Organisation
The charity is governed by its Executive Committee which is responsible for formulating the strategies and policies of the charity including the approval of budgets and the annual accounts. The Committee delegates the day to day running of the charity to the Association of Commonwealth Universities (ACU) which provides administration services under contract.
Executive Committee
The members of the Executive Committee serving during the course of the year are listed above.
Dr Clare Saunders and Dr Erika Corradini are Co‐Chairs of the Executive Committee. The Executive Committee meets five times a year. One of those meetings is a one‐day strategy and policy meeting.
As well as the Executive Committee, detailed above, there are the following sub‐committees:
Publications – Papers Publications – Education Developments Professional Development Framework Conference and Events Scholarship & Research Fellowships
These sub‐committees meet three to five times a year.
Recruitment and appointment of directors
Directors are appointed and resign in accordance with the Articles of Association. Directors are put forward for election at the AGM by the members. The initial period of membership of the Executive Committee is three years, followed by a two‐year period after which time a Director must retire. Members select appropriate members for nomination based on their experience in their fields. New nominees tend to have been sub‐committee members, which is effectively their induction process.
Governing document
The charity is constituted as a company limited by guarantee with charitable status, having no share capital. It is exempt from using the title “limited” under section 60 of the Companies Act 2006. It was registered with the Charity Commission on 28 November 2001. It is governed by its memorandum and articles of association and the policies made from time to time by the Executive Committee.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
DIRECTORS’ AND TRUSTEES’ REPORT ‐ continued
Statement of Directors Responsibilities
The directors (who are also trustees of The Staff and Educational Development Association for the purposes of charity law) are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepting Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing those financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS102);
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The report of the directors has been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.
This report was approved by the Executive Committee on 13[th] May 2025.
M L Teasdale Director and trustee
Date: 13[th] May 2025
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481 INDEPENDENT AUDITOR'S REPORT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION
I report to the charity’s trustees on my examination of the accounts of The Staff and Educational Development Association (the Charitable company) for the year ended 31 December 2024, which are set out on pages 7 to 14.
Responsibilities and basis of report
As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe, any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those accounting records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Annie Lee FCA ICAEW PK Audit LLP Registered Auditors and Chartered Accountants 1 Parkshot Richmond Surrey TW9 2RD
Dated: 14th May 2025
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an income and expenditure account) Year ended 31 December 2024
| Note Income and endowments from Project Grants Charitable Activities: Membership IETI Educational Developments Publications Fellowships Courses Professional development Student awards Conferences and events Bank interest receivable Total income 2 Expenditure on Project activities Charitable Activities: Membership IETI Educational Developments Publications Fellowships Courses Professional development Research Student awards Conferences and events Governance Total expenditure 3 Total net income / (expenditure) for the year Funds brought forward from previous year Total funds carried forward |
Unrestricted Funds ‐ 162,725 20,948 22 2,153 12,415 ‐ 15,570 2,614 17,811 721 234,979 ‐ 54,784 16,934 12,621 3,035 24,482 ‐ 17,875 16,887 13,051 43,058 16,706 219,433 15,546 214,391 229,937 |
Total 2024 £ ‐ 162,725 20,948 22 2,153 12,415 ‐ 15,570 2,614 17,811 721 234,979 ‐ 54,784 16,934 12,621 3,035 24,482 ‐ 17,875 16,887 13,051 43,058 16,706 219,433 15,546 214,391 229,937 |
Total 2023 £ 21,314 167,079 21,254 (28) 4,450 24,292 (315) 21,450 2,110 15,437 601 |
|---|---|---|---|
| 277,644 49,607 33,618 13,787 11,884 2,409 29,679 ‐ 13,278 11,370 13,562 38,319 13,262 |
|||
| 230,775 46,869 167,522 |
|||
| 214,391 |
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an income and expenditure account) Year ended 31 December 2023
| Note Income and endowments from Project Grants Charitable Activities: Membership IETI Educational Developments Publications Fellowships Courses Professional development Research Conferences and events Donations Bank interest receivable Total income Expenditure on Project activities Charitable Activities: Membership IETI Educational Developments Publications Fellowships Courses Professional development Research Conferences and events Governance Total expenditure Total net income / (expenditure) for the year Funds brought forward from previous year Total funds carried forward |
Unrestricted Funds £ ‐ 167,079 21,254 (28) 4,450 24,292 (315) 21,450 2,110 15,437 601 256,330 ‐ 33,618 13,787 11,884 2,409 29,679 ‐ 13,278 11,370 13,562 38,319 13,262 181,168 75,162 139,229 214,391 |
Restricted Funds £ 21,314 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 21,314 49,607 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 49,607 (28,292) 28,292 ‐ |
Total 2023 £ 21,314 167,079 21,254 (28) 4,450 24,292 (315) 21,450 2,110 15,437 601 277,644 49,607 33,618 13,787 11,884 2,409 29,679 ‐ 13,278 11,370 13,562 38,319 13,262 230,775 46,869 167,522 214,391 |
Total 2022 £ 88,011 155,006 15,216 383 578 13,552 ‐ 21,625 ‐ 3,200 109 |
|---|---|---|---|---|
| 297,680 65,776 34,656 11,195 19,515 10,833 23,868 7,224 13,913 14,630 ‐ 38,307 13,724 |
||||
| 253,641 44,039 123,483 |
||||
| 167,522 |
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION
(A company limited by guarantee) ‐ Company number: 03709481
BALANCE SHEET AS AT 31 December 2024
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 5 | 20,923 | 36,508 |
| Cash at bank and in hand | 225,348 | 207,562 | |
| 246,272 | 244,070 | ||
| Creditors:amounts falling due within one year | 6 | (16,334) | (29,679) |
| Total assets less current liabilities | 229,937 | 214,391 | |
| Reserves | |||
| Unrestricted funds | 229,937 | 214,391 | |
| Total charity funds | 7 | 229,937 | 214,391 |
For the year ending 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The notes at pages 10 to 14 form part of these accounts.
Approved by the Executive Committee and signed on its behalf by
M L Teasdale Director and trustee
Date: 13[th] May 2025
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(A company limited by guarantee) ‐ Company number: 03709481
THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION
NOTES TO THE ACCOUNTS
1. Accounting policies
Staff and Educational Development Association is a Charity and a private limited company by guarantee. It is incorporated in England and Wales. The registered office is 20‐24 Tavistock Square, London WC1H 9HF.
The principal accounting policies adopted in the preparation of the financial statements are as follows:
1.1 Accounting convention
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include financial instruments at fair value. The principal accounting policies adopted are set out below.
The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
1.2 Preparation of the accounts on a going concern basis
The Trustees consider that there are no material uncertainties regarding the charitable company’s ability to continue as a going concern. After considering future plans, budgets, cash and reserve levels as well as the risks and uncertainties, the trustees have a reasonable expectation that the company has adequate resources and facilities in place to continue its activities for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.
1.3 Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.4 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments and section 12 ‘Other Financial Instrument Issues of FRS102 to all of its financial instruments. Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
1.5 Income recognition policies
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
NOTES TO THE ACCOUNTS
Grant and other income is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant or other income have been met or are fully within the control of the charity, it is probable that the income will be received, and the amount can be measured reliably. Grant income is not deferred.
1.6 Expenditure recognition
Expenditure is recognised on an accruals basis as a liability is incurred. Where amounts are unknown, estimates are based on past experience.
Charitable expenditure includes expenditure associated with the delivery of activities meeting charitable objects and comprises both the direct costs and support costs relating to these activities.
Governance costs include those costs associated with the governance of the charitable company and include independent examination fees and costs limited to the strategic management of the charitable company.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.7 VAT
Irrecoverable input VAT is included in expenditure on the basis of the costs to which it relates.
1.8 Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
1.9 Foreign Exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the time of the transaction. Gains and losses arising on translation are included in the statement of financial activities for the period.
2. Income
All income was derived from the main objectives of the charitable company ‐ namely, the advancement of education for the benefit of the public, particularly through the improvement of all aspects of learning, teaching and training in higher education through staff and educational development.
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
NOTES TO THE ACCOUNTS
3. Total Expenditure
| 2024 Venue hire & associated costs Printing and Design Publication costs Other costs Support costs Total unrestricted charitable costs 2023 Venue hire & associated costs Printing and Design Publication costs Other costs Support costs Total unrestricted charitable costs Restricted project Total |
Membership IETI Educational Developments Publications Fellowships £ £ £ £ £ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4,190 ‐ ‐ 24,411 13,899 839 ‐ ‐ ‐ ‐ ‐ ‐ 4,740 30,373 3,035 7,592 3,035 19,742 |
Professional Development Research Students Awards Conferences & Events Governance Total £ £ £ £ £ £ ‐ ‐ ‐ 8,128 ‐ 8,128 ‐ ‐ ‐ ‐ ‐ 4,190 ‐ ‐ ‐ ‐ ‐ 39,149 5,724 4,736 900 ‐ ‐ 16,100 12,151 12,151 12,151 34,930 16,706 151,866 |
Professional Development Research Students Awards Conferences & Events Governance Total £ £ £ £ £ £ ‐ ‐ ‐ 8,128 ‐ 8,128 ‐ ‐ ‐ ‐ ‐ 4,190 ‐ ‐ ‐ ‐ ‐ 39,149 5,724 4,736 900 ‐ ‐ 16,100 12,151 12,151 12,151 34,930 16,706 151,866 |
|
|---|---|---|---|---|
| 54,784 16,934 12,621 3,035 24,482 |
17,875 16,887 13,051 43,058 16,706 219,433 |
|||
| Membership IETI Educational Developments Publications Fellowships £ £ £ £ £ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,505 ‐ ‐ 9,520 11,378 3,355 ‐ 252 ‐ ‐ ‐ ‐ 13,763 24,098 2,409 6,024 2,409 15,664 |
Professi onal Develop ment Research Students Awards Conferences & Events Governance £ £ £ £ £ ‐ ‐ ‐ 10,607 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,640 1,732 3,924 ‐ ‐ 9,638 9,638 9,638 27,712 13,262 |
Total £ 10,607 2,505 24,505 23,059 120,492 181,168 49,607 230,775 |
||
| 33,618 13,787 11,884 2,409 29,679 |
13,278 11,370 13,562 38,319 13,262 |
|||
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
NOTES TO THE ACCOUNTS
Support Costs
| Administration service Governance Legal & professional Other costs |
2024 £ 124,158 16,706 1,920 9,082 151,866 |
2023 £ 92,528 13,262 1,659 13,043 |
|---|---|---|
| 120,492 |
Support costs are allocated to the different activities on a percentage basis based on an estimate of time spent.
The independent examiners fee amounts to £5,200 (2023: £4,950).
Restricted Project Costs
| oject Costs | ||
|---|---|---|
| Erasmus 20‐23 PEBL ‐ West Africa PEBL West Africa Course |
2024 £ ‐ ‐ ‐ ‐ |
2023 £ 13,185 26,746 9,675 |
| 49,607 |
4. Trustees
There were no employees during the year (2023: Nil).
No member of the Executive Committee received any emoluments for being a trustee in the year (2023: £Nil).
1 member of the Executive Committee received £58 in reimbursement of expenses incurred during the year (2023: £259).
During the year members of the Executive Committee were paid for consultancy or tutorial services as follows:
- Payments for work to support ongoing SEDA activities – Vicky Davis £1,680 (2023: £840); Carole Davis £330 (2023: £3,838); René Schegg £860 (2023: £280); Rachel Rusu £300 (2023: £300); William McGuire £65 (2023: £230); Clare Power £130 (2023: £100); Silvia Colaiacomo £465 (2023:£nil); Giles Martin £1,400 (2023:£nil)
5. Debtors
| Trade debtors Accrued income Prepayments |
2024 £ ‐ 18,448 2,475 20,923 |
2023 £ 26,160 8,191 2,157 |
|---|---|---|
| 36,508 |
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THE STAFF AND EDUCATIONAL DEVELOPMENT ASSOCIATION (A company limited by guarantee) ‐ Company number: 03709481
NOTES TO THE ACCOUNTS
6. Creditors: amounts falling due within one‐year
| Trade creditors Subscriptions received in advance Deferred income Accruals |
2024 £ ‐ 61 1,923 14,351 16,334 |
2023 £ 11,670 465 5,529 12,015 |
|---|---|---|
| 29,679 |
7. Analysis of net assets between funds
| 2024 Debtors Cash Creditors 2023 Debtors Cash Creditors |
Unrestricted funds £ 20,923 225,348 (16,334) 229,937 Unrestricted funds £ 28,317 207,562 (29,679) 214,391 |
Restricted funds £ ‐ ‐ ‐ ‐ Restricted funds £ 8,191 ‐ (8,191) ‐ |
Total £ 20,923 225,348 (16,334) |
|---|---|---|---|
| 229,937 | |||
| Total £ 36,508 207,562 (29,679) |
|||
| 214,391 |
8. Capital and financial commitments
Capital expenditure contracted for but not provided in the accounts is £Nil (2023: £Nil).
At 31 December 2024, the charitable company had non‐cancellable financial commitments in respect of administrative services as follows:
| 2024 | 2023 | |||
|---|---|---|---|---|
| Expiring within | 1 | year (January – December) | 143,690 | 139,505 |
9. Members
The charity is incorporated as a company limited by guarantee having no share capital. In accordance with the Memorandum of Association every member is liable to contribute a sum of £1 in the event of the company being wound up while he/she is a member or within one year afterwards.
10. Related Parties
Details of related party transactions are disclosed in Note 4 above.
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