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2025-08-31-accounts

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Company Registration No: 02531041

(England and Wales)

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT AND GROUP FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

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THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

CONTENTS YEAR ENDED 31 AUGUST 2025

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Pages
Reference and administrative information 1
Trustees’ report 2 - 18
Independent Auditor’s report 19 - 23
Group statement of financial activities 24
Balance sheet 25
Group cash flow statement 26
Notes on financial statements 27 – 43

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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IATEFL Board of Trustees

C Graham President A Popovski-Golubovikj Vice President (resigned 22 April 2026) S Wilden Vice President (appointed 22 April 2026) M Sachpazian Company Secretary B Cagnol Treasurer (resigned 22 April 2026) W Bielecka Treasurer (appointed 22 April 2026) J Theuma Associate Representative G Erasmus Membership Committee Chair (resigned 23 July 2025) T Seburn Membership Committee Chair (appointed 4 October 2025) G Papamichailidou Digital Committee Chair A Hockley Special Interest Group Representative

Company Secretary

M Sachpazian

Chief Executive

J Burton

Registered Office

No 2 & 3 The Foundry Business Park, Seager Road, Faversham, Kent, ME13 7FD, United Kingdom

Company Number

02531041

Charity Registration Number

1090853

Bankers

Barclays Bank PLC. Leicester, LE87 2BB, United Kingdom

Auditor

UHY Hacker Young Thames House, Roman Square, Sittingbourne, ME10 4BJ, United Kingdom

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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The Trustees (who are also the Directors for the purposes of Company law) present their annual report together with the audited financial statements of The International Association of Teachers of English as a Foreign Language Limited (the charity) for the year ended 31 August 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the company's Memorandum and Articles of Association and the provisions of 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 (FRS 102) – (Charities SORP (FRS 102)).

Objectives and activities

The Charity’s principal activity is that of a professional membership association for English language teaching professionals, and the advancement of education for the benefit of the public in the English language as a foreign or second language sector.

The Charity’s mission is ‘linking, developing and supporting English Language Teaching professionals worldwide.’ When considering the Charity’s aims and objectives, and development of future plans for the Charity, the trustees refer to the Charity Commission’s general guidance on public benefit.

The activities undertaken during the year to further our charitable purposes for the public benefit can be defined within the three areas of our mission:

Linking

Developing

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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of these are free, and many are open to members and non-members alike. These all provide opportunities for teachers around the world with internet access to participate in professional development opportunities, and freely disseminate the professional expertise of world class speakers.

Supporting

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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Achievements and performance

The Association continues to achieve all of its aims, and to provide a range of services to its members and the wider English language teaching community despite the current challenging global economic and geopolitical conditions.

Some more notable achievements were:

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IATEFL The International Association of Teachers of English as a Foreign Language Trustees’ Report for the year ending 31 August 2025

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offered at a low-cost rate of £15 for non-members, and £10 for members of an IATEFL Associate national teaching association to make it more accessible.

Executive Committee reports

The Executive Committees summarise the work in their individual areas as follows:

Membership Committee

Committee composition

The Membership Committee underwent change during 2025. Gerhard Erasmus resigned from the position of Chair in August. An election was held in late September, where Tyson Seburn was elected to the position. Committee members Khanh-duc Kuttig (start 2024), Anju Moses (start 2024), and Jared Valenzuela (start 2025) continued their positions while Head Office representation of Louise Atkins and Jon Burton have been added.

Membership numbers

As of October 2025, year-on-year membership continues to drop every month since January 2025. Overall membership is down from a year ago and over the past quarter, trending downwards with a sole increase in September 2025, likely due to speaker proposal requirements. While membership figures are decreasing, in the past quarter, we can see a balance of more increases, more decreases, and equal change across different membership categories.

The top 3 self-reported work categories of our membership include: Teacher/Lecturer Higher Education (28%), Teacher Trainer (24%), Author/Writer/Materials Developer/Editor/Publisher (17%).

Projects

Early Career Support Drop-ins

Membership Committee organises 10 Early Career Drop-in sessions per year. These 30-minute informal topical discussions with an experienced professional from the Board of Trustees or member of one of our IATEFL SIG committees are available to Early Career and Student members only. Promotion is directly made to them through email as well as on our social media platforms. Participants of 1 to 12 tend make up the majority of these cozy sessions. 2025 topic areas have included a wide variety: creativity, skills (speaking, reading, 4Cs), lexical items, experimenting with differing methodologies, assessment, preparing for the first year of teaching, mental health, and connectivism. We do not run any during May due to the annual IATEFL Conference in the previous month and November to not overlap with the IATEFL Themes Conference. Currently we have scheduled monthly sessions through to August 2026.

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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Webinars

Membership Committee also organises 10 monthly webinars free to anyone with recording available only to IATEFL members. Promotion is made via the IATEFL email bulletin and our social media channels. Topics and speakers are curated by our committee from responses to a call for proposals among IATEFL members early in the year, from which we received 36 submissions. Recent topics included empowering through feedback, assessment in the AI era, and a framework for reimagining classroom engagement. We do not run any during May due to the annual IATEFL Conference in the previous month and November to not overlap with the IATEFL Themes Conference. Webinars are scheduled through to August 2026.

IATEFL Blog

Due to lack of contributors and engagement, overlap with Voices submissions, and thus inconsistent publication, the blog has been suspended.

Community building

Membership Committee oversees our IATEFL Facebook group: With 25,400 members, we believe in keeping this group for reach and redeveloping a casual platform for discussion. We are updating in a number of ways in order to increase community engagement, differentiate its membership from IATEFL membership itself, and improve transparent guidelines. We are currently reviewing the value of a similar community group on LinkedIn.

Ambassadors

Ambassadors gave recommendations about the use of their roles over the past year during a meeting in Edinburgh 2025. We are reviewing suggestions in order to create a concrete plan leading to Brighton 2026, which may involve simplified brand kit for use at events, capitalising on Ambassador activity/strengths, and organised on-site presence in Brighton.

Membership Survey

We are working on the 2026-27 IATEFL Membership Survey that will target three different demographics: current members, lapsed members, and potential members. We aim to collect a broad spectrum of data to understand each group in more detail, their motivations for being a part of or leaving the IATEFL membership, accessibility expectations, attitudes towards benefits and current industry/profession trends. This information will be supplemented and in some ways triangulated with data will collect through ongoing focus groups and stakeholder interviews. Through analysis of this information, we aim to better strategize short and long term plans for providing improved membership value; clarifying IATEFL’s role as a charity, trading company, and teaching association; understanding expectations of IATEFL as a teaching association and adapting where possible to do so; and increasing transparent communication. The target access of this survey is September 2026.

Special Interest Groups (SIGs)

The 16 SIGs have continued to make significant contributions throughout the year to carrying out IATEFL’s mission. Each SIG continues to manage its own website, produce publications for its members, run a busy programme of webinars and other online events, as well as offering a small number of regional face-to-face events. News and information, as well as feedback and reports, are shared through dedicated mailings to members, the IATEFL eBulletin, in IATEFL Voices, as well as on social media.

SIG webinars, which are open to members and also to non-members, help IATEFL’s charitable aims of supporting the wider global English language teaching community. SIGs have been extremely inventive and resourceful in developing and running different types of online event including webinars, conferences, oneday events, forums, reading and discussion groups, informal meet-ups and celebrations, for instance of a

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Trustees’ Report for the year ending 31 August 2025

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publication or a SIG anniversary. Many events are held in cooperation with other IATEFL SIGs and / or with other ELT associations and institutions to share experience and expertise and provide a wider range of services to delegates. In some cases, delegates have been asked to pay a fee, donate or sponsor another delegate. Events are sometimes free or charged at a reduced rate for members.

Individual and conference events, training sessions and SIG Open Forums, where members and nonmembers can meet and obtain information about the SIG and SIG developments, and the SIGs can highlight aspects of their work have been held. These often include presentations and discussions, alongside the information about the SIG. In the past year, all SIGs held open forums (either as part of the annual IATEFL conference, or online on a different date), as well as SIG showcase days during the conference, and in 2025 all 16 held pre-conference events – one day workshops focussing on important topics for the membership .

SIGs have also continued to offer a sizeable number of scholarships, enabling members to participate in SIGs events as well as the IATEFL International Conference.

The SIG Coordinators as a group have also:

Conference Committee

The Annual Conference and Exhibition took place from 8-11 April in Edinburgh, UK. Over the course of 4 days IATEFL welcomed over 2500 delegates who had the opportunity to hear five plenary talks by renowned English Language Teaching professionals and choose from 673 academic sessions. The criteria for selecting plenary speakers were again used to select plenary speakers for the 2025 Conference to balance in terms of gender, geographical spread, professional and academic expertise and mother tongue. This was also the first time IATEFL had a youth activist as a plenary speaker which was well-received by the delegates.

Plenary speakers worked together prior to the conference in order to streamline their presentations to be able to make reference to one another’s contributions. Assessment of the plenaries by delegates was extremely positive. All plenary sessions were broadcast on social media for the wider English language teaching community unable to travel to Edinburgh to also benefit from. The broadcast events were not shared live, but in the evenings. This allowed the Digital Committee to gather impressions from delegates that were incorporated into the recording of the plenaries or used as part of a daily livestream ‘IATEFL Live’ with interviews and discussions from the conference. It also helped promote on-site delegates to attend the plenaries in-person.

There were also evening social events and a tribute session. For the evening events, a set of criteria were also developed to ensure rotation of hosts as well as rotation of different types of social events. Music Night was introduced again and it was a resounding success.

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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The Conference Committee has four volunteer members in addition to the relevant Head Office staff members who are part of the committee. They were all actively involved in organizing the conference and (co-)hosting the evening social events.

The IATEFL Annual Conference and Exhibition remains a priority for members at all stages of career development regardless of profession or status, and given the changing realities, we are constantly exploring and discussing innovative ways of making the conference available and appealing to an even larger number of delegates in the coming years.

Digital Committee

In 2025, the Digital Committee moved beyond delivery alone, placing equal emphasis on strategy, reflection, and long-term impact. Our digital activity was guided by data as well as professional judgement, allowing us to review what worked, identify areas for improvement, and make informed decisions throughout the year. By bringing together strong processes with meaningful outcomes, the committee ensured that IATEFL’s digital initiatives remained accessible, inclusive, and firmly aligned with the association’s mission.

1. IATEFL Live! Shows – Year in Review:

IATEFL Live! continued to run on a monthly basis throughout the year, excluding the summer break. In 2025, the programme became increasingly thematic, responding to both global priorities and issues central to the ELT profession. Themes explored included:

These themes strengthened IATEFL Live!’s role as an educational and inclusive platform, providing space for underrepresented voices and fostering dialogue that extends beyond traditional ELT boundaries.

This year also saw a broader range of guest representation, including contributors from outside the ELT sector. New collaborations included Creative Listening, BBC Learning English, Green Action ELT, Green Standards for Schools, expanding audience reach and reinforcing IATEFL’s relevance across related fields.

2. Conference Preparation and Coverage – Edinburgh 2025:

IATEFL Live! played a significant role in both preparing for and delivering the 2025 Annual Conference in Edinburgh. Preparation began early in the year following the release of the draft conference programme. Alongside the Digital Committee, the full conference programme was reviewed and speakers selected using clear criteria, including:

In the run-up to the conference, three dedicated pre-conference IATEFL Live! shows were delivered, with the final pre-conference show later shared as a segmented video resource, allowing delegates to revisit specific guidance before, during, and after the event.

During the conference itself, four days of live coverage were delivered, including the broadcast of five plenary sessions across YouTube, Facebook, and LinkedIn. At the time of reporting, total views across

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Trustees’ Report for the year ending 31 August 2025

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conference coverage and plenary recordings exceeded 18,000, with numbers continuing to grow steadily over time.

The IATEFL Live! studio also became a visible networking hub at the conference, offering delegates a space to connect, share feedback, and explore future collaborations. This added a new layer of accessibility, energy, and visibility to the conference experience.

3. Thematic and Values-Driven Programming:

These broadcasts created reflective, supportive spaces for the community while connecting professional practice with wider social responsibility.

4. IATEFL Themes Conference – Growth and Impact:

The 2025 IATEFL Themes Conference marked a new stage in the development of this event. For the first time, the conference established its own identity, including a dedicated logo, a clear programme structure, and confirmed dates in the first week of November moving forward.

Speaker selection was more collaborative than in previous years, involving the Digital Committee, Membership Committee, Conference Committee, Head Office, and SIG input. The two-day format was retained, with Day 1 featuring general talks and Day 2 dedicated to SIG-curated sessions.

A three-tiered pricing model supported IATEFL’s charitable aims:

Free attendance for Members £10 for Associates £15 for Non-members

This structure resulted in an 82.7% increase in revenue, while maintaining accessibility and inclusivity.

Feedback highlighted strong representation, improved branding and promotion, smoother moderation, and clearer communication with speakers and SIGs. Areas for improvement identified included stronger SIG visibility during the event, earlier sponsor outreach, and careful consideration of bank holiday scheduling.

5. Sustainability, Representation, and Looking Ahead:

Beyond digital delivery, the Digital Committee supported IATEFL’s external representation through participation in sector events. At the ELT Malta Conference, IATEFL and Green IATEFL were represented through a sustainability-focused session, which led to follow-up discussions with EAQUALS and potential future collaboration linked to IATEFL Live!.

Importantly, 2025 marked the point at which IATEFL Live! began generating income for the charity. This development, alongside increased sponsorship conversations and expanded partnerships, provides a foundation for more sustainable digital growth moving forward.

Looking ahead to 2026, priorities include expanded edtech engagement, new short-form CPD podcast content, continued thematic programming, and a revised Digital Committee structure aligned with current digital needs.

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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Associate Committee

The committee met 4 times in 2025. The main responsibility of the committee was to select, organise and run the 2 annual events: IATEFL Associates’ Day and the Associate Online Conference. In addition, the Associate Committee Chair discussed and selected the IATEFL Projects winner and the allocation of Wider Membership Scheme funding for 2025.

Associates Day

Associates’ Day was held on 7th April 2025 in Edinburgh, the day before the start of the main IATEFL International Conference. The event has settled to a regular structure: a mixture of plenary talks, Associate representative talks, a sponsored talk, and fun networking activities for particpants. The first plenary speaker was IATEFL President, Alexandra Popovski, in her role as founder of EVE (Equal Voices in ELT). Alexandra explained the initiative dedicated to promoting gender equity and diversity in English Language Teaching. This was followed by Aynur Karakoc, who is a representative of the day’s sponsor, Cambridge University Press and Assessment. Her topic was the trends in CLIL instruction methodology and its implementation in practice. The third plenary speaker, Chris Graham, in his capacity as IATEFL Vice President, introduced the latest IATEFL initiative which is Green IATEFL. Associates’ Day 2025 also featured 17 TED-talk style minipresentations from associate representatives. The talks were well-received and gave way to discussion and networking opportunities. The topic of the networking discussion was how associations can generate sustainable funding to ensure their longevity. Following the event, the discussion questions were disseminated to the particpants so that they can continue these discussions with their executive committees. Whilst the day was greatly enjoyed, it was noted that 17 TED style talks were the maximum that should be incorporated and that, in future, the number of talks should be capped at 15.

Associates online event

The Associates’ Online Conference (AOC) took place on 26th October 2024 via Zoom. The main theme of the event was ‘The Organisation and Administration of a Teaching Association’. The event featured 2 plenary speakers who book-ended the event. Sinem Atamsoy Koşar, former president of TESOL Türkiye, gave a talk entitled "Leading from Behind: A Guide to Effective Team Building and Leadership for Teachers' Associations". The final plenary was given by IATEFL Trustee Maria-Araxi Sachpazian for TESOL MacedoniaThrace, Northern Greece (soon to be called ELTA Northern Greece). Her talk presented a practical approach to “The Organisation and Management of the External Communication of a Teaching Association”. The event also comprised short talks by 15 Associate representatives from a wide variety of countries (e.g. Cyprus, Azerbaijan, Egypt, Panama, Spain, Tanzania, Burkina Faso, and others). These talks were divided into 4 breakout rooms, each with a different theme. The themes this year were: member involvement; collaboration; building communities; and innovation. The event was kindly assisted by members of DigiCom and was attended by around 75 attendees.

New initiatives

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Trustees’ Report for the year ending 31 August 2025

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  1. To support existing teacher associations who are exploring the benefits of joining IATEFL associations. This aims to clarify and explain the benefits and support available to them through alliance with IATEFL.

  2. To serve as a touchpoint to renewing IATEFL Associates. This ensures that communication is open, maintaining a conduit to ensure the associate relationship continues to be mutual beneficial.

Other work carried out by the Associate Committee:

Publications Committee

Current committee members

The Chair of the Publications Committee is Christopher Graham, IATEFL President, and also IATEFL Voices reviews editor. Dorothy Zemach is the eBulletin editor. Marina González managed the editing and support for SIG newsletters and liaison with Head Office during the year but is stepping down from the role in March 2026.

Regular publications

The eBulletin goes to all members ten times a year with news of the association generally and with news and updates from the Special Interest Groups (SIGs). The eBulletin also contains news about upcoming CPD events, and opportunities for volunteering. There are also opportunities for advertising in the publication. The readership is also increased by the non-member subscriber mailings, that hopefully also encourage readers to become members. The current editor of the eBulletin is Dorothy Zemach.

The flagship journal IATEFL Voices is published every two months. Derek Philip Xu continues as the Editor. Features include: a regular sustainability column; features written by trustees; articles by members of IATEFL’s global community around teaching and learning topics; book and other teaching material reviews; a regular column by The British Council – key stakeholders.

Conference Selections (CS) is the association’s peer-refereed publication that highlights the presentation at the IATEFL annual conference. The 2025 Edinburgh Conference Selections will be available in early 2026.

Developments

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IATEFL The International Association of Teachers of English as a Foreign Language Trustees’ Report for the year ending 31 August 2025

review of all publications policies including AI, accessibility and plagiarism.

Financial review

IATEFL’s consolidated accounts show an association continuing its recovery amidst a backdrop of profound disruption to the profession. This progress has taken place amid ongoing and incredibly challenging global pressures affecting English language teaching, including persistent cost-of-living pressures, uneven economic recovery across regions, geopolitical tensions, evolving migration policies, rapid developments in digital and AI-driven education, and continued teacher recruitment and retention challenges in parts of the sector. Total funds carried forward at 31 August 2025 are £1,013,762, an increase of £122,148 on the year before.

The association has seen decreasing membership numbers, which are reflected in the income received from subscriptions. However, income from our delegate conference fees was up by £63,392, reflecting an increased attendance for our Edinburgh conference which exceeded our expectations and budgeted projections. This saw an increase in delegate numbers and an increase in sponsorship income. The number of exhibition stands fell slightly again however, and we noted the continuing trend of exhibitors choosing smaller stand sizes as they manage their own budgets. Venue costs (including AV costs) in Edinburgh were comparative to Brighton but we made significant savings in terms of catering. An error in the printing of the programme meant that we were able to negotiate a full reimbursement of these costs from the printers. By also ensuring that conference costs relating to IATEFL Trading were invoiced accurately, we were able to recover a greater proportion of our vat which helped to reduce irrecoverable vat in the Charity and improve our bottom line. We also note that the policy of moving to a fully digital version of our bi-monthly newsletter, Voices, has resulted in significant savings in terms of printing and postage, contributing to the surplus for the year.

Donations to IATEFL’s charitable initiatives are down compared to 2024 but this follows a trend noted by most charities in the current climate.

A change to the association’s investment approach in 2024 (outlined below), as well as market recovery, saw the value of investments increase by a healthy £38,319, and is a significant reason for the positive movement in funds seen this year.

The continued repayment of the association’s CBILS loan, and the need to pay deposits for future conference venues has impacted on cash in the bank and potential income from interest accrued on short term deposits. A welcome increase in interest rates during the 2025 year helped to offset the effect of decreased cash reserves, though we note that interest rates have fallen since the year end.

Wages and salaries are still our biggest output, as they are for many organisations, and have been driven up by increases to employers’ national insurance contributions as well as cost of living pressures. The Head Office team now has more staff members on part-time contracts.

Costs continued to be hit through this reporting period by higher interest rates. All costs have continued to be monitored carefully, and savings made wherever possible.

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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Investments and investment policy

IATEFL has maintained a cautious investment approach, prioritising the protection of its assets and avoiding withdrawals wherever feasible so that the portfolio can continue recovering towards its pre-Covid value. In general, the association relies on income generated from its investments rather than actively trading them, and regards these funds primarily as a source of financial stability.

Investment values showed solid growth during the year to August 2025. Our Schroders listed investments are now fully allocated to equities, following a position change in the year to 31 August 2023 where previously the portfolio had been divided between equities and fixed-interest holdings. The remainder of our funds are held in short-term bank savings accounts, which have supported liquidity and helped manage cash flow during this period. For the time being, maintaining this liquidity has taken priority over increasing allocations to longer-term investment funds.

Income from listed investments and short-term deposits remained consistent to last year. A reduced amount of cash being held in short-term deposits was offset by an increase in interest rates, though we are conscious that these have fallen since the year end. While we continue to follow a conservative, low-risk investment strategy, it is encouraging to see both improved returns and increased overall investment valuations.

Reserves policy

The association maintains reserves in order to provide financial stability and resilience in the face of unexpected reductions in income or increases in expenditure. Reserves enable the association to continue its core activities and services to members during periods of financial uncertainty, while allowing time for the trustees to respond to changing circumstances and implement any necessary financial adjustments.

In determining the appropriate level of reserves, the trustees consider a number of factors including the variability of the association’s income streams, the timing and financial dependence on major events and activities, existing financial commitments, and the potential impact of unforeseen circumstances. The trustees aim to maintain free reserves at a level equivalent to approximately three to six months of normal operating expenditure, which is considered sufficient to manage short-term financial pressures and protect the continuity of the association’s work.

The Covid-19 pandemic had a significant and prolonged impact on the association and its members, particularly through disruption to events, activities and associated income streams. In order to sustain the organisation’s operations and continue delivering services to members during this period, the trustees took the decision to make appropriate use of the association’s reserves. As a result, the association’s general (unrestricted) reserve remains in a negative position at the balance sheet date.

However, the association continues to hold in excess of £1,000,000 within designated funds. These funds have been set aside by the trustees for specific purposes and strategic priorities, but they remain part of unrestricted funds and may be redesignated by the trustees if required. While they are not intended for routine operational expenditure, they provide a significant level of financial resilience and could be drawn upon to support the association should the need arise.

The trustees continue to monitor the level of reserves closely as the association’s financial position continues to stabilise. It is anticipated that the level of general reserves will improve over time as operating surpluses are generated. The trustees will continue to review the reserves policy periodically to ensure that it remains appropriate for the scale of the association’s activities and provides adequate protection against future adverse conditions and financial risks.

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IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

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Future plans

Whilst the association continues with a longer term strategy review for the mid to long term future (see section on Association Sustainability), IATEFL continues to also maintain and develop its services, events, publications and opportunities in the short term too.

Venues for the annual conference for the next few years have been secured, and with attendee numbers and satisfaction levels continuing to be good, the conference will remain a key flagship event for the association.

Promotion of IATEFL and membership of the association will continue through regular monthly livestreams, non-member mailings, LinkedIn newsletters, social media campaigns and the continued development of partnerships and collaborations.

IATEFL intends to continue building the Green IATEFL website, adding additional resources, recordings, articles and links in order for it to remain a useful, up-to-date and relevant resource. IATEFL is also taking a similar approach to a second area for teachers affected by conflict, or teaching learners affected by conflict. In the coming year this will see an edition of IATEFL Voices dedicated to the topic, and then the launch of a second website, similar to Green IATEFL, intended to be a free and publicly-available resource for English language teaching professionals working in, or working with learners in, challenging circumstances of all kinds throughout the world.

The association will also be planning suitable celebrations to mark its 60[th] birthday in 2027.

Risk review

The Trustees have reviewed the major risks to the Charity. An assessment has been made on the likelihood of those risks occurring, and the potential impact if the risk did occur. Some of the principal risks identified during the conduct of the latest risk assessment include:

These principal risks are changed from the last reporting year, and it is expected they will remain for the foreseeable future. Addressing them in an integral part of the strategy review.

The directors have thoroughly reviewed their risk assessment and are implementing further action in areas identified as medium or high risk. The risks will also inform the strategy review the association is undertaking. The review of risks is an ongoing process and every effort is being made to mitigate these areas.

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Trustees’ Report for the year ending 31 August 2025

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Sustainability

Association sustainability

Sustainability of the association, including its financial sustainability, is dependent on ensuring that it continues to offer a range of services and opportunities which are relevant to the present and future generations of English language teaching professionals.

An on-going strategic review of the English language teaching profession in the coming years, and IATEFL’s place within it, will help inform the association’s path. Equally, IATEFL is planning to undertake a major survey of its members, and of others in the profession currently not members of IATEFL, in the middle of 2026. The conclusions of this will be fed into the review.

A review of the Wider Membership Scheme has been undertaken, to ensure it’s continued viability has been undertaken in 2025, with a revised ‘Global Membership Scheme’ being launched from 2026. Amongst other things the new scheme is intended to ensure the on-going financial sustainability of the scheme. There is, however, also an intention to look for, and need to secure, additional individual and corporate donations to this charitable initiative in order to see it really flourish.

In terms of governance, IATEFL continues to promote diversity and inclusion within all volunteer levels, and elections for key roles involve digital presentations and voting. With many meetings happening online, this has also made such key roles more possible for volunteers from a wide range of global locations. Annual General Meetings are also held in a hybrid format. The diversity of representation is exemplified by the range of nationalities represented by our volunteer leaders: in October 2025 IATEFL’s Executive Committees included members from 14 nationalities, Special Interest Group Committees included members from 31 nationalities, and the 8 members of the Board of Trustees was made up by members from 6 different nationalities.

Environmental sustainability

The association has been committed to reviewing and improving its environmental sustainability for many years. Each year a report is published detailing how the association, its Head Office, and its annual conference are tackling their carbon impact and thus improving their sustainability. This is published in order to be open and transparent, and also to share ideas and initiatives with other stakeholders. The report for 2025 can be viewed via https://www.iatefl.org/sustainability-and-iatefl-2025/

In 2025 IATEFL also launched a new ‘Green IATEFL’ initiative and website. This is publicly available, and includes toolkits for teachers, teacher educators, institutions, national teaching associations as well as materials developers and publishers. It also contains links to relevant IATEFL publications and recorded events focused on sustainability, as well as links to other relevant organisations and resources.

Page 15

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

__________________

Structure, governance and management

Status

The Charity was formed on 17 March 1967 and incorporated as a charitable company limited by guarantee on 14 August 1990. The Charity is governed by its Memorandum and Articles of Association.

Trustees

The Trustees of the company (who are also Directors for the purposes of Company law), are all listed on page 1 of these accounts and all served throughout the year, except where shown as “appointed” or “resigned”. A trustee will “resign” when they step down from the Board of Trustees at the end of their term.

The current board consists of eight Trustees (Directors). The roles assigned to the eight trustees are: President, Vice President, Treasurer, Secretary, Membership Committee Chair, Digital Committee Chair, Associates Representative and Special Interest Groups (SIGs) Representative.

Apart from the SIG Representative and Associate Representative roles, trustees are currently appointed using the following method:

The SIG Representative and Associate Representative are appointed using the same method outlined above but only from within the groups they represent.

The incoming Vice President serves for one year before becoming President for two years and outgoing Vice President for a further year. All other trustees serve for an initial three-year term which can be renewed for an additional three-year term.

Trustee induction

Whenever possible, elections for trustee positions are held in sufficient time to enable the incoming trustee to attend the February trustee meeting in an observer capacity. This two-day meeting allows them the opportunity to gain an understanding of the current strategy and development plan and to get to know the current board and Head Office staff.

A comprehensive trustee induction pack is provided and follow up sessions with a current member of the board and senior member of staff from Head Office are also scheduled. There is also an ‘IATEFL Trustee Information Hub’ private website for new and current trustees. Its aim is to provide a useful repository of useful information and resources for trustees from the moment they are elected and throughout their tenure.

Executive Committees

There are five Executive Committees and a trustee acts as Chair on each of them:

Page 16

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

__________________

Various aspects of the association’s work are devolved to these Executive Committees. A Head Office Representative also sits on each of these Executive Committees. Other members of the Executive Committee are appointed following a call for nominations with a role description and must also be current individual members of the Association. The number of members appointed to an Executive Committee varies depending on the work the committee needs to undertake.

Other Roles and Committees

The trustees can seek guidance, input and advice on various aspects of the association’s work, from the Advisory Council, a body made up from internal and external representatives.

Other Committees exist within IATEFL to provide input into specific areas. These include:

IATEFL also has a small number (currently 6) of Ambassadors. These people are chosen due to their knowledge and association with IATEFL as well as their standing and access to key sectors of the profession globally. They are tasked with sharing and spreading the profile of IATEFL.

The charity’s Chief Executive is Jon Burton. He is employed to manage a small Head Office team of ten staff. The trustees delegate the day to day management of the charity to the Chief Executive and he reports directly to the trustees. The other key management personnel is the Deputy Chief Executive, Louise Atkins.

Related parties

IATEFL Trading Limited is the wholly owned trading subsidiary and is therefore a related party. The directors in IATEFL are also the directors in the trading subsidiary. All profits generated in the trading subsidiary are gift aided across to the charity.

Our relationship with the wider community

The ability of IATEFL to continue to “link, develop and support” the English language teaching profession on a global level is dependent on its ability to forge and maintain strong relationships with other Teaching Associations across the world. We would like to pay tribute to our volunteers for all of their time, support and commitment through their work on the SIGs and IATEFL Committees. Without their continued cooperation, the ability to make an effective contribution would be much diminished.

Statement of Trustees’ Responsibilities

The Trustees (who are also directors for the purpose of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true

Page 17

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The International Association of Teachers of English as a Foreign Language

Trustees’ Report for the year ending 31 August 2025

__________________

and fair view of the state of affairs of the charitable company and the results of the charitable company for that period.

In preparing these financial statements the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and 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 Trustees 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.

Disclosure of information to auditors

In so far as the Trustees are aware:

Small Companies exemption

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

By order of the Board:

Christopher Graham IATEFL President

21 May 2026

Page 18

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The Independent Auditor’s Report to the members of Interna�onal Associa�on of Teachers of English as a Foreign Language For the year ending 31 August 2025

_______________

Foreign Language (“the Parent Charitable Company”) and its subsidiary (“the Group”) for the year ended 31 August 2025 which comprise the Group Statement of Financial Ac�vi�es, the Group and Charity Balance Sheet, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards, including Financial Repor�ng Standard 102 The Financial Repor�ng Standard in the UK and Republic of Ireland (United Kingdom Generally Accepted Accoun�ng Prac�ce).

Basis for Opinion

We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditor’s responsibili�es for the audit of the financial statements sec�on of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remain independent of the Group and the Parent Charitable Company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements.

Conclusions related to going concern

basis of accoun�ng in the prepara�on of the financial statements is appropriate.

events or condi�ons that, individually or collec�vely, may cast significant doubt on the Group and the Parent Charitable Company’s ability to con�nue as a going concern for a period of at least twelve

Page 19

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The Independent Auditor’s Report to the members of Interna�onal Associa�on of Teachers of English as a Foreign Language For the year ending 31 August 2025

_______________

Our responsibili�es and the responsibili�es of the Trustees with respect to going concern are described in the relevant sec�ons of this report.

Other informa�on

The Trustees are responsible for the other informa�on. The other informa�on comprises the informa�on included in the Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other informa�on and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other informa�on. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.

We have nothing to report in this regard.

Other Companies Act 2006 repor�ng

In our opinion, based on the work undertaken in the course of the audit:

In the light of the knowledge and understanding of the Group and the Parent Charitable Company and its environment obtained in the course of the audit, we have not iden�fied material misstatement in the Trustees’ Report.

We have nothing to report in respect of the following maters in rela�on to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 20

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The Independent Auditor’s Report to the members of Interna�onal Associa�on of Teachers of English as a Foreign Language For the year ending 31 August 2025

_______________

Responsibili�es of Trustees

As explained more fully in the Statement of Trustees’ Responsibili�es, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the Trustees determines is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.

Parent Charitable Company’s ability to con�nue as a going concern, disclosing, as applicable, maters related to going concern and using the going concern basis of accoun�ng unless the Trustees either intend to liquidate the Group or the Parent Charitable Company or to cease opera�ons, or have no realis�c alterna�ve but to do so.

We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regula�ons made or having effect thereunder.

whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the

Extent to which the audit was capable of detec�ng irregulari�es, including fraud

Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above, to detect material misstatements in respect of irregulari�es, including fraud. The extent to which our procedures are capable of detec�ng irregulari�es, including fraud, is detailed below:

Non-compliance with laws and regulations

Based on:

in the UK and Republic of Ireland (FRS102), the Chari�es SORP (FRS 102), the Chari�es Act 2011, the Companies Act 2006 and UK tax legisla�on.

Page 21

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The Independent Auditor’s Report to the members of Interna�onal Associa�on of Teachers of English as a Foreign Language For the year ending 31 August 2025

_______________

The Group is also subject to laws and regula�ons where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposi�on of fines or li�ga�ons. We iden�fied such laws and regula�ons to be the Health and Safety Act 1974, the Data Protec�on Act 2018, Employment Rights Act 1996 and the Bribery Act 2010.

Our procedures in respect of the above included:

Fraud

Our risk assessment procedures included:

Based on our risk assessment, we considered the areas most suscep�ble to fraud to be journals and key es�mates and judgements.

Our procedures in respect of the above included:

engagement team members and remained alert to any indica�ons of fraud or non-compliance with laws and regula�ons throughout the audit.

statements, recognising that the risk of not detec�ng a material misstatement due to fraud is higher

Page 22

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

IATEFL The Independent Auditor’s Report to the members of Interna�onal Associa�on of Teachers of English as a Foreign Language For the year ending 31 August 2025

_______________

than the risk of no detec�ng one resul�ng from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresenta�ons or through collusion. There are inherent limita�ons in the audit procedures performed and the further removed non-compliance with laws and regula�ons is from the events and transac�ons reflected in the financial statements, the less likely we are to become aware of it.

Financial Repor�ng Council’s website at frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our auditor’s report.

Use of our report

This report is made solely to the Parent Charitable Company’s members, as body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit has been undertaken so that we might state to the Parent Charitable Company’s members those maters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permited by law, we do not accept or assume responsibility to anyone other than the Parent Charitable Company and the Parent Charitable Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Tracey Moore BFP ACA (Senior Statutory Auditor)

For and on behalf of UHY Hacker Young Chartered Accountants and Statutory Auditors Thames House Roman Square Si�ngbourne Kent ME10 4BJ

Date: 22 May 2026

Page 23

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

GROUP STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2025

Notes Unrestricted
Funds
£
INCOME AND ENDOWMENTS FROM:
Donations, legacies and grants
4
1,142
Charitable activities
5
740,790
Other trading activities
8
235,876
Investments
6
14,717
Other
810
TOTAL INCOME
993,335
EXPENDITURE ON:
Other trading activities
8
71,931
Charitable activities
10
837,918
TOTAL EXPENDITURE
909,849
9
83,486
Net gain on investments
15
38,319
121,805
Transfers between funds
756
NET MOVEMENT IN FUNDS
122,561
Reconciliation of funds
Total funds brought forward
814,896
TOTAL FUNDS CARRIED FORWARD
21
937,457
NET INCOME / (EXPENDITURE) BEFORE
TRANSFERS
NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS		 Notes Unrestricted
Funds
£
INCOME AND ENDOWMENTS FROM:
Donations, legacies and grants
4
1,142
Charitable activities
5
740,790
Other trading activities
8
235,876
Investments
6
14,717
Other
810
TOTAL INCOME
993,335
EXPENDITURE ON:
Other trading activities
8
71,931
Charitable activities
10
837,918
TOTAL EXPENDITURE
909,849
9
83,486
Net gain on investments
15
38,319
121,805
Transfers between funds
756
NET MOVEMENT IN FUNDS
122,561
Reconciliation of funds
Total funds brought forward
814,896
TOTAL FUNDS CARRIED FORWARD
21
937,457
NET INCOME / (EXPENDITURE) BEFORE
TRANSFERS
NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS		 Restricted
2025
2024
Funds
Total
Total
£
£
£
430
1,572
2,752
-
740,790
696,022
-
235,876
230,895
4,515
19,232
18,892
-
810
966
993,335 4,945
998,280
949,527
71,931
837,918		 -
71,931
42,174
4,602
842,520
898,733
909,849 4,602
914,451
940,907
83,486
38,319		 343
83,829
8,620
-
38,319
41,981
121,805
756		 343
122,148
50,601
(756)
-
-
122,561
814,896		 (413)
122,148
50,601
76,718
891,614
841,013
76,305
1,013,762
891,614

All income and expenditure derive from continuing activities.

The notes on pages 27 to 43 form part of these financial statements

Page 24

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

BALANCE SHEET AS AT 31 AUGUST 2025

31 August
31 August
2025
2024
£
£
FIXED ASSETS
Intangible assets
13
27,679
1,943
Tangible assets
14
204,495
209,272
Investments
15
363,770
325,451
595,944
536,666
CURRENT ASSETS
Stock
974
706
Debtors
16
150,311
142,704
Cash at bank and in hand
26
366,423
382,826
517,708
526,236
CREDITORS:amounts falling due within
one year
17
83,223
134,621
NET CURRENT ASSETS
434,485
391,615
TOTAL ASSETS LESS CURRENT LIABILITIES
1,030,429
928,281
18
16,667
36,667
NET ASSETS
1,013,762
891,614
THE FUNDS OF THE CHARITY:
UNRESTRICTED FUNDS(incl. revaluation
19
937,457
814,896
reserve £167,649 [2024 - £129,330])
RESTRICTED FUNDS
20
76,305
76,718
TOTAL FUNDS
21
1,013,762
891,614
Group
Notes
CREDITORS:amounts falling due after one
year		 31 August
31 August
2025
2024
£
£
27,679
1,943
204,495
209,272
363,771
325,452
Charity
595,945
536,667
974
706
145,809
139,360
263,882
336,717
410,665
476,783
66,119
186,450
344,546
290,333
940,491
827,000
16,667
36,667
923,824
790,333
847,519
713,615
76,305
76,718
923,824
790,333

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 27 to 43 form part of these financial statements.

Approved by the Board for issue on 21 May 2026

C Graham Director

S Wilden Director

Company Registration No. 02531041

Page 25

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

GROUP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Notes
2025
Total
£
Cash flows from operating activities:
Net cash provided by operating activities
25
11,521
Cash flows from investing activities:
Dividends and interest from investments
19,232
Equalisation payment from investments
-
Purchase of intangible assets
(27,679)
Loss on disposal of property, plant and equipment
523
Net cash used in investing activities
(7,924)
Cash flows from financing activities:
Repayments of borrowing
(20,000)
Net cash used in financing activities
(20,000)
Change in cash and cash equivalents in the year
(16,403)
Cash and cash equivalents at the beginning of the year
26
382,826
Cash and cash equivalents at the end of the year
26
366,423
Analysis of changes in net debt
As at
01 09 2024
£
Cash
382,826
Debt:
Loans falling due within one year
(20,000)
Loans falling due after more than one year
(36,667)
Total
326,159		 2024
Total
£
8,151
18,892
-
-
-
18,892
(20,000)
(20,000)
7,043
375,783
382,826
£
(16,403)
-
20,000
3,597
Cashflows		 As at
31 08 2025
£
366,423
(20,000)
(16,667)
329,756

Page 26

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 GENERAL INFORMATION

The International Association of Teachers of English as a Foreign Language (IATEFL) is a company limited by guarantee registered in England and Wales (company number 02531041), which is also registered as a charity with the Charity Commission (charity number 1090853). The registered office is No 2 & 3 The Foundry, Seager Road, Faversham, Kent ME13 7FD.

2 ACCOUNTING POLICIES

The principal policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.

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 (FRS 102) (Charities SORP (FRS 102) (second edition)), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (January 2022) and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees have to assess whether the use of the going concern basis to prepare the accounts is appropriate. They have to consider whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern.

The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements.

We budgeted for a break-even position for the year ending 31 August 2025 and are pleased to report that results exceeded this projection. Membership levels remained relatively stable, with a slight increase in income compared with 2024, although this did not fully meet budgeted expectations. Conference registrations, however, exceeded forecasts and were a significant contributor to the overall surplus, highlighting the importance of conference performance to our financial results.

We remain mindful that the global cost-of-living crisis and ongoing international unrest continue to affect our sector, with members making difficult decisions regarding membership and conference attendance. While the surplus is encouraging, we will continue to monitor cashflow closely, carefully select future conference venues to attract both national and international delegates, and seek to diversify our markets where possible.

Since moving to a fully equity-based investment strategy in 2023, the value of our investments has increased significantly. Income from listed investments increased by £753 when compared with 2024, while interest earned on short-term deposits decreased, due to a fall in interest rates during the year and lower amounts of cash being held.

We continue to adopt a low-risk approach to investment. While it is encouraging to see growth in both returns and valuations for our equity investments, we recognise that this trend may not continue into 2026, given the recent decline in interest rates which has already affected our short term deposits.

During the year, and against a backdrop of continuing increases in many operating costs, expenditure was closely monitored and carefully managed, with savings identified wherever possible. Most volunteer meetings continued to be held online, budgets were subject to ongoing scrutiny, and staff salary increases remained significantly below the rate of inflation. We also implemented the decision to move our bi-monthly member newsletter, Voices, to a fully digital format. This change offers several benefits, including improved sustainability, greater accessibility, and reduced costs.

The English Language Teaching (ELT) sector continues to evolve, influenced by factors including international mobility, technological change and global economic conditions. While some uncertainty remains, demand for English language learning worldwide remains strong, supported by international education, employment opportunities and the growing role of English in global communication.

The trustees continue to review IATEFL’s strategy, including its role, structure, services and long-term objectives, to ensure the association remains relevant and responsive to developments within the sector.

After considering these factors, together with the charity’s financial position, reserves and cash flow forecasts, the trustees have concluded that there are no material uncertainties regarding the charity’s ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.

Page 27

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

b) Consolidation

These financial statements consolidate the results of the charity and its wholly owned subsidiary, IATEFL Trading Limited.

The charity has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its own income and expenditure account. The results of the charity for the year ended 31 August 2025 are included in note 27.

Exemption from the requirement to disclose transactions between the charity and its subsidiary company has been taken under section 33.1A of FRS 102 as the transactions occur between wholly owned members.

The charity has taken advantage of the disclosure exemption permitted by FRS 102 of the requirements of Section 7, 'Statement of Cash Flow', to not disclose a charity-only Statement of Cash Flows.

c) Volunteers

The charity relies heavily on its volunteers to allow it to carry out the wide variety of work that it does, across its diverse range of special interest groups.

The charity benefits greatly from the involvement and enthusiastic support of its volunteers. These include our Trustees, Special Interest Group (SIG) Coordinators and committee members. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not included in the financial statements

d) Income

Income is included in the Statement of Financial Activities when the charity has entitlement, receipt is probable and the amount can be valued with reasonable accuracy.

Income received relating to an event or conference which is to be held after the balance sheet date is deferred to the following year, or until the charity has entitlement.

Grant income received as compensation for expenses already incurred is recognised in income in the period in which it becomes receivable.

Investment income is recognised when receivable and the amount can be measured reliably, which is usually on notification of the dividend payable.

e) Expenditure

Expenditure is accounted for on an accrual basis, is recognised where there is a legal and constructive obligation to pay for the expenditure, and includes irrecoverable VAT where appropriate.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

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 are allocated directly, others are apportioned on an appropriate basis, being an appropximate percentage of staff time on the activities being undertaken.

f) Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation, as adjusted for any impairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:


ul life as follows:
Freehold land and buildings: Land Nil
Buildings 50 years
Fixed Plant 10 years
Fixtures, fittings and equipment 4 years
Computer equipment 3 years

Depreciation is not charged on assets capitalised until the assets are brought into use. It is IATEFL policy that only assets above £250 are capitalised.

g) Intangible fixed assets

Intangible fixed assets comprise software and website development costs and are measured at cost, less any accumulated amortisation and any accumulated impairment losses.

This asset is amortised on a straight line basis, over its useful economic life which is considered by the charity to be 5 years. Amortisation is not charged on assets capitalised until the asset is brought into use.

Page 28

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

h) Impairments

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. When the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Statement of Financial Activities unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

i) Investments

Unlisted investments comprise investments in subsidiaries which are measured at cost less impairment.

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently re-measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

A source of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities, particularly currency risk, and within particular sectors or sub sectors.

j) Fund accounting

Funds held by the Charity are either:-

Unrestricted general funds : These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds : These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Investment income is allocated to designated funds in proportion to the fund value. A proportion of membership fees is allocated to Special Interest Groups (SIGs) when a SIG subscription is included in the membership price. Members can also purchase additional subscriptions to other SIGs and the full amount of these subscriptions are allocated to the relevant SIG. A transfer between the SIG designated fund and the general fund is made to cover overhead costs.

Restricted funds : These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are used for particular restricted purposes. Investment income is allocated to restricted funds in proportion to the fund value.

k) Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Debtors

Trade and other debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Trade debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

m) Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into the Statement of Financial Activities for the year.

Page 29

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

n) Pension Costs

The charity operates a defined contribution scheme for the benefit of its employees. The pension costs charged in the Statement of Financial Activities represent the contributions payable by the charity during the year.

o) Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no estimates and assumptions that are considered to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3 LEGAL STATUS

IATEFL is a charitable company in England limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities is to provide an association for teachers of English as a foreign language and so advance education for the benefit of the public in the field of English language teaching.

4 DONATIONS, LEGACIES AND GRANTS

Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Donations from individuals 1,142 430
 1,572
 2,752
1,142 430
 1,572
 2,752

In 2024, £1,230 represented unrestricted funds and £1,522 represented restricted funds.

5 INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Subscriptions
186,844
Conference
510,363
Events Income
43,424
Publications
159
740,790		 Restricted
Funds
£
-
-
-
-
-		 2025
Total
£
186,844
510,363
43,424
159
740,790		 2024
Total
£
192,233
446,971
56,670
148
696,022

In 2024, £693,356 was derived from unrestricted funds and £2,666 from restricted funds.

6 INVESTMENT INCOME

INVESTMENT INCOME
Unrestricted
£
Dividends - equity funds
10,808
Interest on short term deposits
3,909
14,717		 Restricted
£
3,317
1,198
4,515		 2025
£
14,125
5,107
19,232		 2024
£
13,372
5,520
18,892

In 2024, £14,133 represented unrestricted funds and £4,759 represented restricted funds.

7 INCOME

Approximately £668,628 (67%) (2024: £590,459 [62.18%]) of the Group's income relates to markets outside the United Kingdom.

Page 30

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8 INCOME AND EXPENDITURE OF TRADING SUBSIDIARY

The Charity, which is registered in England, owns the whole of the issued share capital of IATEFL Trading Limited, Company number 07085385. The results of this company are summarised below:

Turnover
Direct costs
Management charge from parent company
Administrative expenses
PROFIT / (LOSS) BEFORE TAX
Corporation tax on profit on ordinary activities
PROFIT / (LOSS) AFTER TAX
Gift aided to the charity
RETAINED IN SUBSIDIARY
The aggregate of assets, liabilities and funds was:
Assets
Liabilities
Net assets / (liabilities)
Represented by:
Ordinary shares of £1 each
Profit and loss account
TOTAL FUNDS
9
NET INCOME / (EXPENDITURE)
Group net income / (expenditure) is stated after charging:
Depreciation and amortisation
Auditor's remuneration: audit
tax advisory services
other financial services
Interest on bank loans
Amounts payable under operating leases - equipment		 Year ended
31 August
2025
£
235,876
(68,227)		 Year ended
31 August
2024
£
230,895
(39,534)
167,649
(60,000)
(3,704)		 191,361
(60,000)
(2,640)
103,945
-		 128,721
-
103,945
(115,288)		 128,721
(80,000)
(11,343) 48,721
2025
£
114,755
(24,817)		 2024
£
118,918
(17,637)
89,938 101,281
1
89,937		 1
101,280
89,938 101,281
2025
£
6,197
10,000
370
350
3,339
-		 2024
£
14,272
9,500
350
-
5,166
-

Page 31

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10
EXPENDITURE ON CHARITABLE ACTIVITIES
Costs directly allocated to activities
Wages and salaries
Cost of publishing & publications
Cost of events
Scholarships
Grants
IATEFL Projects
Plenary speaker costs
Conference travel and accommodation
Conference venue and equipment hire
Conference Programmer fee
Publicity & marketing
Committee meeting expenses
Website, database & online solutions costs
Printing, post & stationery
Telephone
Equipment leasing
Sundry
Bad debts
Loan interest
Irrecoverable VAT
Support costs allocated to activities
Wages and salaries
Rent, rates and water
Light and heat
Insurance
Cleaning & security disposal
Repairs & maintenance
Legal and professional
Auditor's remuneration
Bank & credit card charges
Loss on disposal of assets
Depreciation and amortisation
Governance
Total expenditure		 Services to
Members
£
48,590
30,732
22,553
750
700
1,500
-
250
833
-
182
28,886
24,662
304
785
-
928
175
3,339
45,447
135,664
4,204
3,536
4,465
2,831
4,023
617
7,255
14,242
522
6,197
30,545		 Annual
Conference
£
108,631
-
-
21,659
-
-
6,819
39,406
186,265
2,609
4,932
-
211
1,336
-
-
-
-
-
-
30,767
-
-
5,730
-
-
-
-
82
-
-
9,356		 2025
2024
Total
Total
£
£
157,221
153,587
30,732
48,678
22,553
14,171
22,409
25,960
700
1,200
1,500
1,500
6,819
6,540
39,656
34,101
187,098
209,038
2,609
2,506
5,114
4,258
28,886
30,340
24,873
19,676
1,640
2,429
785
744
-
685
928
1,213
175
-
3,339
5,166
45,447
68,377
166,431
165,830
4,204
4,031
3,536
3,426
10,195
10,931
2,831
2,773
4,023
2,931
617
3,353
7,255
5,325
14,324
13,471
522
-
6,197
14,272
39,901
42,221
424,717 417,803 842,520
898,733

The total expenditure of £842,520 is represented by unrestricted funds expenditure of £837,918 (2024: £890,204) and restricted funds expenditure of £4,602 (2024: £8,529).

11
STAFF COSTS AND TRUSTEES' REMUNERATION
Staff costs of the Group were:-
Wages and salaries
Pension costs
Social security costs		 2025
£
324,162
19,723
10,311		 2024
£
314,653
19,045
16,033
354,196 349,731

No employee received total employee benefits (excluding pension contributions) of more than £60,000 (2024 - none).

Page 32

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11 STAFF COSTS AND TRUSTEES' REMUNERATION (Cont'd)

The average number of employees including temporary staff during the year was as follows:

Services to members
Annual Conference
Administration and support		 2025
Number
4
7
4		 2024
Number
3
6
4
15 13

The charity employs a number of stewards on a part time basis to work during the conference week. The average number of employees including temporary staff during the year calculated on the basis of full time equivalent was as follows:

Services to members
Annual Conference
Administration and support		 2025
Number
2
3
4		 2024
Number
2
3
4
9 9

The trustees consider the key management personnel of the charity to be the trustees, the Chief Executive and the Deputy Chief Executive.

The trustees received no remuneration or benefits-in-kind during the year. Four trustees (2024 - 4 trustees) were reimbursed expenses of £1,191 (2024 - £1,176). Travel costs of £300 (2024: £1,300), accommodation costs of £5,680 (2024: £9,195) and meal costs of £291 (2024: £nil) were paid directly by the charity on behalf of trustees. Apart from visa costs of £130 to represent IATEFL at an event in China, all other costs incurred were to attend the annual conference where they represented IATEFL.

The total employee benefits (including employer's pension contributions and employer's national insurance contributions) paid to key management personnel amounted to £121,348 (2024: £116,384).

12 TAXATION

The International Association of Teachers of English as a Foreign Language is a registered charity and is therefore potentially exempt from taxation on its income and gains as the Charity falls within the definition of a charitable company as defined in Part 1, Schedule 6 of the Finance Act 2010. No tax charge has arisen during the year.

Page 33

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13 INTANGIBLE FIXED ASSETS - GROUP AND CHARITY

Cost
At 31 August 2024
Additions
Disposals
As at 31 August 2025
Amortisation
At 31 August 2024
Charge in year
Disposals
As at 31 August 2025
Net Book Value
At 31 August 2025
At 31 August 2024		 Website and
database
£
43,787
27,679
(8,287)
63,179
41,844
1,420
(7,764)
35,500
27,679
1,943

14 TANGIBLE FIXED ASSETS - GROUP AND CHARITY

Cost
At 31 August 2024
Additions
Disposals
At 31 August 2025
Depreciation
At 31 August 2024
Charge in year
Disposals
At 31 August 2025
Net Book Value
At 31 August 2025
At 31 August 2024		 Freehold
land and
buildings
£
427,427
-
-		 Fixtures,
Fittings and
Equipment
£
25,610
-
(1,654)		 Computer
Equipment
£
23,400
-
(1,674)		 Total
£
476,437
-
(3,328)
427,427 23,956 21,726 473,109
220,522
2,741
-		 25,010
379
(1,654)		 21,633
1,657
(1,674)		 267,165
4,777
(3,328)
223,263 23,735 21,616 268,614
204,164 221 110 204,495
206,905 600 1,767
 209,272

Included in the cost above is land with a value of £100,000 that is not depreciated.

Page 34

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15(a) FIXED ASSET INVESTMENTS - GROUP
Listed investments:
Market value at 1 September 2024
Additions
Disposal proceeds
Net gain in year
Market value at 31 August 2025
The above is made up of the following:
SUTL Cazenove Charity Equity Value Fund Z Income
15(b) FIXED ASSET INVESTMENTS - CHARITY
Listed investments:
Market value at 1 September 2024
Additions
Disposal proceeds
Net gain in year
Market value at 31 August 2025
Unlisted investments:
Equity investment in IATEFL Trading Limited
Listed investments include the following material amounts:
SUTL Cazenove Charity Equity Value Fund Z Income		 2025
£
325,451
-
-
38,319		 2024
£
283,470
-
-
41,981
363,770 325,451
Market
value
£
363,770		 Market
value
£
325,451
363,770 325,451
2025
£
325,451
-
-
38,319		 2024
£
283,470
-
0
41,981
363,770
1		 325,451

1
363,771 325,452
363,770 325,451
363,770 325,451

The investment in IATEFL Trading Limited, a company incorporated in England and Wales, represents a 100% shareholding.

16
DEBTORS
Trade debtors
Amount owed by group company
Taxation and social security
Prepayments and accrued income		 Group
31 August
2025
£
6,316
-
2,367
141,628		 Group
31 August
2024
£
14,603
-
1,402
126,699
 Charity
31 August
2025
£
6,010

7,715
850
131,234		 Charity
31 August
2024
£
13,726

-

723
124,911
150,311 142,704 145,809 139,360

Page 35

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17
CREDITORS: AMOUNTS DUE WITHIN
ONE YEAR
CBILS loan
Trade creditors
Other creditors
Amount owed to group company
Taxation and social security
Accruals
Deferred income
Deferred income as at 1 September 2024
Resources deferred in the period
Amounts released from previous period
Deferred income as at 31 August 2025
Deferred Income		 Group
31 August
2025
£
20,000
18,018
791
-
5,596
15,307
23,511		 Group
31 August
2024
£
20,000
59,212
1,045
-
5,148
25,142
24,074		 Charity
31 August
2025
£
20,000
9,044
789
-
5,596
11,937
18,753		 Charity
31 August
2024
£
20,000
51,296
1,045
69,466
5,148
21,882
17,613
83,223 134,621 66,119 186,450
24,074
21,810
(22,373)		 23,461
22,514
(21,901)		 17,613
17,052
(15,912)		 17,112
16,053
(15,552)
23,511 24,074 18,753 17,613

Deferred income is recognised in respect of fees for future events which have been received in advance.

18 CREDITORS: AMOUNTS DUE AFTER Group Group Charity Charity
ONE YEAR 31 August 31 August 31 August 31 August
2025 2024 2025 2024
£ £ £ £
CBILS loan 16,667 36,667 16,667 36,667

In 2021, IATEFL took advantage of the government backed Coronavirus business interruption loan scheme (CBILS). No interest was due on this loan for a period of 12 months from initial drawdown (June 2021). Following this period, interest at a rate of 2.4% per annum over base rate became chargeable with the loan due to be repaid within 72 months after the first drawdown of the facility.

19 UNRESTRICTED FUNDS

UNRESTRICTED FUNDS
GROUP:
Designated Funds :
Special Interest Group Funds:
Business English
Learning Technologies
Leadership & Management
ES(O)L
ESP
Global Issues
Learner Autonomy
Literature
Pronunciation
Research
Teacher Development
Teacher Trainers & Educators
Testing, Eval'n & Assesm't
Young Learners & Teenagers
Materials Writing
Inclusive Practices and SEN
Wider Membership Scheme
Gillian Porter Ladousse Travel
Scholarship Fund
Gillian Sturtridge First Time
Speakers Scholarship Fund
Property Fund
General Fund		 As at
01 09 24
£
81,672
45,695
33,514
25,217
46,241
12,789
11,657
9,484
22,777
24,505
49,522
92,911
70,876
7,695
24,054
6,674
233,274
4,677
8,629
206,904
(203,871)		 Income
£
25,702
7,929
4,765
3,592
8,351
1,210
2,231
3,395
5,416
3,622
5,498
8,123
6,484
3,821
5,922
1,413
17,403
289
565
-
915,923		 Expenditure
£*
(19,187)
(6,211)
(4,038)
(1,713)
(6,243)
(711)
(2,500)
(2,572)
(2,718)
(3,824)
(5,151)
(1,152)
(7,711)
(2,589)
(4,116)
(739)
-
(1,500)
(1,000)
-
(836,174)		 Transfers
£
(133)
(1,772)
(632)
(1,223)
(81)
(543)
(733)
(151)
(1,349)
(761)
(1,280)
(4,156)
2,937
(2,089)
(1,959)
(392)
(11,646)
1,500
(264)
(2,741)
28,224		 As at
31 08 25
£
88,054
45,641
33,609
25,873
48,268
12,745
10,655
10,156
24,126
23,542
48,589
95,726
72,586
6,838
23,901
6,956
239,031
4,966
7,930
204,163
(95,898)
814,896 1,031,654 (909,849) 756 937,457

Page 36

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

UNRESTRICTED FUNDS (cont'd)
GROUP:
Designated Funds :
Special Interest Group Funds:
Business English
Learning Technologies
Leadership & Management
ES(O)L
ESP
Global Issues
Learner Autonomy
Literature
Pronunciation
Research
Teacher Development
Teacher Trainers & Educators
Testing, Eval'n & Assesm't
Young Learners & Teenagers
Materials Writing
Inclusive Practices and SEN
Wider Membership Scheme
Gillian Porter Ladousse Travel
Scholarship Fund
Gillian Sturtridge First Time
Speakers Scholarship Fund
Property Fund
General Fund		 As at
01 09 23
£
70,271
46,478
31,611
23,591
46,566
12,009
11,095
9,924
21,595
25,018
48,994
92,870
70,130
10,189
21,388
5,671
222,952
4,667
9,304
210,067
(240,502)		 Income
£
38,424
7,729

6,028
3,564

5,879
1,913
3,755

3,721
5,918

2,867
5,908

7,275
5,437
4,085
6,425
2,055

13,342

270

583
-
857,383		 Expenditure *
£
(30,639)
(6,250)
(3,123)
(1,016)
(4,337)
(169)
(2,408)
(2,987)
(2,980)
(1,978)
(3,505)
(4,991)
(4,234)
(5,908)
(2,820)
(272)
-

-
(1,000)
-
(853,761)		 Transfers
£
3,616
(2,262)
(1,002)
(922)
(1,867)
(964)
(785)
(1,174)
(1,756)
(1,402)
(1,875)
(2,243)
(457)
(671)
(939)
(780)
(3,020)
(260)
(258)
(3,163)
33,009
 As at
31 08 24
£
81,672
45,695
33,514
25,217
46,241
12,789
11,657

9,484
22,777

24,505
49,522
92,911
70,876
7,695
24,054
6,674
233,274
4,677
8,629
206,904
(203,871)
753,888 982,561 (932,378) 10,825 814,896

Page 37

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

UNRESTRICTED FUNDS (cont'd)
CHARITY
Designated Funds :
Special Interest Group Funds:
Business English
Learning Technologies
Leadership & Management
ES(O)L
ESP
Global Issues
Learner Autonomy
Literature
Pronunciation
Research
Teacher Development
Teacher Trainers & Educators
Testing, Eval'n & Assesm't
Young Learners & Teenagers
Materials Writing
Inclusive Practices and SEN
Wider Membership Scheme
Gillian Porter Ladousse Travel
Scholarship Fund
Gillian Sturtridge First Time
Speakers Scholarship Fund
Property Fund
General Fund
CHARITY
Designated Funds :
Special Interest Group Funds:
Business English
Learning Technologies
Leadership & Management
ES(O)L
ESP
Global Issues
Learner Autonomy
Literature
Pronunciation
Research
Teacher Development
Teacher Trainers & Educators
Testing, Eval'n & Assesm't
Young Learners & Teenagers
Materials Writing
Inclusive Practices and SEN
Wider Membership Scheme
Gillian Porter Ladousse Travel
Scholarship Fund
Gillian Sturtridge First Time
Speakers Scholarship Fund
Property Fund
General Fund		 As at
01 09 24
£
63,881
43,633
32,339
23,217
45,641
12,789
11,657
9,034
22,577
21,405
48,522
90,836
67,469
4,433
22,956
5,352
233,274
4,677
8,629
206,904
(265,610)		 Income
£
25,702
7,929
4,765
3,592
8,351
1,210
2,231
3,395
5,416
3,622
5,498
8,123
6,484
3,821
5,922
1,413
17,403
289
565
-
817,016		 Expenditure
£*
(19,187)
(6,211)
(4,038)
(1,713)
(6,243)
(711)
(2,500)
(2,572)
(2,718)
(3,824)
(5,151)
(1,152)
(7,711)
(2,589)
(4,116)
(739)
-
(1,500)
(1,000)
-
(725,924)		 Transfers
£
(3,243)
(2,335)
(1,832)
(1,223)
(2,508)
(993)
(733)
(1,051)
(1,349)
(761)
(2,780)
(4,356)
(1,940)
(2,189)
(2,158)
(392)
(11,646)
1,500
(264)
(2,741)
43,750		 As at
31 08 25
£
67,153
43,016
31,234
23,873
45,241
12,295
10,655
8,806
23,926
20,442
46,089
93,451
64,302
3,476
22,604
5,634
239,031
4,966
7,930
204,163
(130,768)
713,615 932,747 (799,599) 756 847,519
As at
01 09 23
£
58,927
44,878
31,336
21,591
46,266
12,009
11,095
9,524
21,395
22,018
48,494
91,145
67,920
7,977
20,888
4,349
222,952
4,667
9,304
210,067
(265,474)		 Income
£
38,424
7,729
6,028
3,564
5,879
1,913
3,755
3,721
5,918
2,867
5,908
7,275
5,437
4,085
6,425
2,055
13,342
270
583
-
724,507		 Expenditure *
£
(30,639)
(6,250)
(3,123)
(1,016)
(4,337)
(169)
(2,408)
(2,987)
(2,980)
(1,978)
(3,505)
(4,991)
(4,234)
(5,908)
(2,820)
(272)
-
-
(1,000)
-
(769,606)		 Transfers
£
(2,831)
(2,724)
(1,902)
(922)
(2,167)
(964)
(785)
(1,224)
(1,756)
(1,502)
(2,375)
(2,593)
(1,654)
(1,721)
(1,537)
(780)
(3,020)
(260)
(258)
(3,163)
44,963		 As at
31 08 24
£
63,881
43,633
32,339
23,217
45,641
12,789
11,657
9,034
22,577
21,405
48,522
90,836
67,469
4,433
22,956
5,352
233,274
4,677
8,629
206,904
(265,610)
701,328 849,685 (848,223) 10,825 713,615

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Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

UNRESTRICTED FUNDS (cont'd)
Purposes of designated funds:
Special Interest Groups:
Business English BESIG represents the interests and needs of the international business English
teaching community
Learning Technologies LTSIG focuses on all aspects of technology used by teachers and students in
language teaching, from online tools, computer-mediated communication,
corpora and mobile technology.
Leadership and Management LAMSIG aims to raise awareness among the ELT profession about management
issues and contribute to the development of good management practices
ES(O)L ES(O)L is a SIG dedicated to teachers who teach English to people whose first
language is not English and who are settled in a country or environment where
English is the main spoken language. Theses language learners may include
refugees, asylum seekers and migrant workers. ESOLSIG aims to promote
effective language learning development opportunities and best practice across
different countries and educational systems.
ESP ESPSIG focuses on English for Specific Purposes, English for Academic
Purposes and English for Occupational / Professional / work purposes.
Global Issues GISIG is for those who not only see themselves as language teachers but also as
educators on real world issues and are keen to instil a sense of social
responsibility and develop critical thinking skills into their students.
Learner Autonomy LASIG aims to raise awareness amongst language teachers, advisors and
researchers about the issues related to developing and implementing
independent or autonomous learning.
Literature The objective of LitSIG is to promote teaching and research in the area of
English language, literature, extensive reading, the creative arts and various
related cultural manifestations in English language education.
Pronunciation PronSIG is for teachers interested in integrating pronunciation skills in language
teaching.
Research ReSIG is for anyone interested in the research of teaching and learning
processes within ELT.
Teacher Development TDSIG is for teachers interested in the interplay between personal and
professional development as a teacher.
Teacher Trainers & Educators TTEdSIG aims to support ELT teachers, teacher educators and teacher trainers
on the aspects of pre and in service teacher education.
Testing, Evaluation & TEASIG is for anyone interested or involved in testing, evaluation and
Assessment assessment in ELT
Young Learners & Teenagers YLTSIG leads, drives change and sets standards in teaching English to young
learners and teenagers (ages 3 to 17) for training and development, classroom
practice and assessment.
Materials Writing MaWSIG aims to share and develop best practice in ELT writing and offers
professional development for writers and editors.
Inclusive Practices & SEN IPSENSIG shares best practices and experiences in accurately identifying
language learners' additional needs and disseminates information about
inclusive teaching methods, materials and resources for working with learners
who experience barriers in accessing education.
Wider Membership Scheme This scheme promotes reduced-rate IATEFL membership for teachers who could
not otherwise afford it. Associates may apply for Wider Membership Scheme
(WMS) funding to offer subsidised IATEFL memberships to their members. The
previous restricted fund of the same name has now been fully used.
Gillian Porter Ladousse A designated fund has been established for the Gillian Porter Ladousse Travel
Travel Scholarship Fund Scholarship, now underwritten by TTEdSIG. The original restricted fund in her
name has been fully used.

The scholarship was created to enable a teacher trainer or trainee who would not otherwise be able to attend the annual IATEFL conference to do so. It was renamed in 2002 in memory of Gillian Porter Ladousse.

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Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

UNRESTRICTED FUNDS (cont'd)

Gillian Sturtridge First Time A designated fund was established for the Gillian Sturtridge First Time Speaker Speaker Scholarship Fund Fund. The restricted fund of the same name has been fully utilised.

Property Fund

The Trustees created a separate fund to show the net book value of the land and buildings purchased in 2013, after deducting the long-term mortgage. This provides a clearer picture of the funds available for general expenditure.

The mortgage has now been fully repaid, and the fund balance represents only the net book value of the land and buildings.

Transfers between funds The transfers between funds represent an amalgamation of administration costs, internal cost transfers and income generated by individual SIG's which is included in the charity's Trading company. General Fund The General Fund includes all income and expenditure not allocated to specific funds. In 2020, it moved into deficit due to the impact of the COVID-19 pandemic and the contraction of the ELT market. Although the deficit has continued, it does not reflect the association’s overall financial stability or liquidity.

The General Fund was the only fund affected; all other funds remained protected. Overall, total group unrestricted funds show a surplus of more than £800,000. If necessary, the Trustees may reallocate money from designated reserves to offset the General Fund deficit.

20
RESTRICTED FUNDS
GROUP AND CHARITY:
W R Lee Scholarship Fund
Ray Tongue Scholarship Fund
Creativity Group Scholarship
Wider Membership Individual
- Founding
- Matching
African Scholarship
Latin America
GROUP AND CHARITY:
Wider Membership Scheme
W R Lee Scholarship Fund
Ray Tongue Scholarship Fund
Gillian Porter Ladousse Travel
Scholarship Fund
Creativity Group Scholarship
Wider Membership Individual
- Founding
- Matching
African Scholarship
Latin America
IATEFL Projects
IATEFL Projects
IT equipment
IT equipment		 As at
01 09 24
£
47,282
5,109
-
7,136
6,830
3,278
-
6,733
350		 Income
£
2,859
256
50
461
441
188
269
400
21		 Expenditure
£
(1,000)
(1,800)
-
-
-
(302)
-
(1,500)
-		 Transfers
£
(264)
(340)
-
(76)
(76)
-
-
-
-		 As at
31 08 25
£
48,877
3,225
50
7,521
7,195
3,164
269
5,633
371
76,718 4,945 (4,602) (756) 76,305
As at
01 09 23
£
8,921
45,835
6,892
1,430
-
6,733
6,444
3,094
-
7,776
-		 Income
£
2,990
2,705
349
68
1,009
403
386
184
46
457
350		 Expenditure
£
-
(1,000)
(1,800)
(1,500)
(929)
-
-
-
(1,800)
(1,500)
-		 Transfers
£
(11,911)
(258)
(332)
2
(80)
-
-
-
1,754
-
-		 As at
31 08 24
£
-
47,282
5,109
-
-
7,136
6,830
3,278
-
6,733
350
87,125 8,947 (8,529) (10,825) 76,718

Page 40

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RESTRICTED FUNDS (cont'd)
Purposes of restricted funds:
Wider Membership Scheme This scheme encouraged reduced rate membership in IATEFL for teachers who
could not otherwise afford it. The restricted fund is now fully utilised but the
designated fund of the same name is still active.
WR Lee Scholarship Fund The WR Lee Scholarship Fund was set up in memory of our late Founder and
Chair with the purpose of helping IATEFL members in the countries concerned to
attend the IATEFL Annual Conference.
Ray Tongue Scholarship The Ray Tongue Scholarship Fund was set up in memory of our late Treasurer,
with the purpose of helping IATEFL members in the countries concerned to
attend the IATEFL Annual Conference.
Gillian Porter Ladousse The Gillian Porter Ladousse Travel Scholarship Fund was established to support
Travel Scholarship Fund a teacher trainer or trainee who would not otherwise be able to attend the annual
IATEFL conference and was named as such in 2002, in memory of Gillian Porter
Ladousse.
Although the original restricted fund has now been fully used, the designated
fund of the same name continues to support the scholarship.
Creativity Group This scholarship was set up in 2016 to celebrate the 50th IATEFL conference
and is aimed at funding a practicing teacher to attend and present at the
conference.
Wider Membership Individual The Wider Membership Individual Scheme supports teachers in countries without
Scheme an IATEFL Associate. Originally focused on Africa, it is now open to anyone who
lacks access to a local Associate and therefore cannot join IATEFL through the
Wider Membership Scheme.
The scheme is funded by two sources: donations from IATEFL members and a
matching fund established when the scheme was launched. Memberships
awarded under the scheme are funded equally from both sources.
Africa Scholarship The IATEFL scholarship was funded for many years by the Murphy Scholarship
Trust. When the Trust closed in June 2020, its remaining funds were transferred
to IATEFL. Under the terms of the transfer, IATEFL was to use the funds for
scholarships awarded in 2020, with any surplus supporting additional Africa
scholarships in subsequent years until the funds were exhausted. If this was not
feasible, the Scholarship Committee was authorised to allocate the remaining
balance at its discretion in an appropriate way.
Latin America Scholarship The Latin America Scholarship is funded partly by donations and partly by the
IATEFL General Fund. It is not awarded every year; it is offered only when
donations are sufficient or when the Trustees determine that the association can
support it financially.
IATEFL Projects IATEFL Projects offers annual grants to IATEFL Associates to support projects
that improve language teaching and learning in their local communities. Each
year, Associates are invited to submit a project plan and budget. A committee
reviews the applications and awards funding to one or more successful
applicants.
IT Equipment Several IATEFL Past Presidents donated sums to go towards the purchase of an
additional printer station or badging equipment at conference.
Transfers between funds Transfers represent an element of costs that are to be attributed to an
unrestricted fund. For instance, if a scholarship includes a registration to a Pre-
Conference Event, a membership or a conference registration.

Page 41

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

21 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

As at 31 August 2025
Tangible fixed assets
Intangible assets
Investments
Net current assets
Long term liabilities
As at 31 August 2024
Tangible fixed assets
Intangible assets
Investments
Net current assets
Long term liabilities		 General
Funds
£
332
27,679
363,770
(471,012)
(16,667)		 Designated
Funds
£
204,163
-
-
829,192
-		 Restricted
Funds
£
-
-
-

76,305
-		 Total
£
204,495
27,679
363,770

434,485
(16,667)
(95,898) 1,033,355 76,305 1,013,762
General
Funds
£
2,368
1,943
325,451
(496,966)
(36,667)		 Designated
Funds
£
206,904
-
-
811,863
-		 Restricted
Funds
£
-
-

-
76,718
-		 Total
£
209,272
1,943
325,451
391,615
(36,667)
(203,871) 1,018,767 76,718 891,614

22 CONTINGENT ASSET

IATEFL has been notified that it is entitled to receive a legacy from an estate. At the reporting date, the executors have confirmed the association's entitlement; however, the administration of the estate is ongoing.

As a result, the value of the legacy cannot be reliably measured at this time, due to uncertainties surrounding the estate's assets, liabilities, and final distribution. Consequently, no amount has been recognised in these financial statements.

The legacy will be recognised as income in the period in which its receipt becomes probable and its value can be measured reliably.

23 PENSION SCHEME

The charitable company operates a defined contribution pension scheme open to all permanent employees. During the year the charitable company contributed £19,829 (2024: £18,916) on behalf of employees who have opted into the scheme. Of these contributions £nil (2024: £nil) remained outstanding as at the balance sheet date.

Page 42

Docusign Envelope ID: 2C4D7A4B-B02A-8428-83ED-40A928A1F955

THE INTERNATIONAL ASSOCIATION OF TEACHERS OF ENGLISH AS A FOREIGN LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

24 RELATED PARTY TRANSACTIONS

Under the terms of the charity's Memorandum and Articles of Association, the charity is empowered to make reasonable and proper payments to members for services actually rendered to the charity. In their capacity as members of IATEFL, Trustees are obliged to pay annual subscriptions due to the charity and are entitled to take advantage of the services offered by the charity and its subsidiary company, on the same terms offered to all members, or to the general public. Where members or their connections provide services to, or utilise any other services or facilities of the charity, the amounts paid to, or charged by the charity are based on either:

During the year, the charity confirms that no payments were made by IATEFL for commercial services provided by any member of the Board of Trustees, or their connections, nor were any charges made for the use of the charity’s services or facilities by them.

On the 26 August 2024, Charlotte Burton, the wife of IATEFL Chief Executive, Jon Burton, was employed by IATEFL as part-time, fixed period maternity cover for another member of staff. The contract was for a period of eleven months, ending in September 2025, and the remuneration offered is in line with the grading system used by IATEFL for all job roles.

25
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH
FLOW FROM OPERATING ACTIVITIES
Adjustments for:
Depreciation and amortisation charges
(Gains) on investments
Dividends and interest from investments
Increase in stock
(Increase) / decrease in debtors
(Decrease) / Increase in creditors
Net cash provided by operating activities
26
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdraft facility (payable on demand)
Total
27
RESULTS OF THE CHARITY
28
CHARITY:
GROUP:
Net income / (expenditure) before gain / (loss) on investments
Net gain on investments
Net income / (expenditure) for the year (as per Statement of Financial Activities)
Total expenditure
Total income
Net income / (expenditure) for the year
FINANCIAL ASSETS AND LIABILITIES
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and expenditure		 2025
£
122,148
6,197
(38,319)
(19,232)
(268)
(7,607)
(51,398)		 2024
£
50,601
14,272
(41,981)
(18,892)
(706)
(39,364)
44,221
11,521 8,151
2025
£
366,423
-
-		 2024
£
382,826
-
-
366,423 382,826
2025
£
937,692
(842,520)		 2024
£
858,632
(898,733)
95,172
38,319		 (40,101)
41,981
133,491 1,880
2025
£
627,653		 2024
£
662,169
730,193 708,277

Financial assets measured at fair value through income and expenditure comprise of listed fixed asset investments and cash at bank and in hand.

Page 43