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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1124890

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE ENGLISH ASSOCIATION

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

THE ENGLISH ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Page
Report of the Trustees 1 to 12
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Financial Statements 16 to 24
Detailed Statement of Financial Activities 25 to 26
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THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted 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 (FRS102) (effective 1 January 2019) and the obligations of their Royal Charter.

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives of the English Association are to benefit the public by promoting the knowledge and appreciation of the English language and its literatures and to foster good practice in its teaching and learning at all levels.

The Association has pursued and will pursue its objectives by any one or more of the methods set out below.

  1. Affording opportunities for professional and other co-operation amongst all those interested in English language and literature.

  2. Furthering the due recognition of English as an essential element in education at all levels and participating publicly in any national debate on the teaching of the subject at any level.

  3. Providing a forum for the discussion of practice and principle in the teaching and learning of English in all sectors of education from primary to university level.

  4. Encouraging and facilitating advanced study in English language and literature.

  5. Holding conferences, lectures and other meetings to respond to the professional needs of teachers and lecturers in all educational areas and to further the objects of the Association.

  6. Publishing a range of journals, books, papers and leaflets to promote the study and appreciation of English.

  7. Forming local branches to carry out the objects of the Association.

  8. Establishing relations with kindred bodies and co-operating with such bodies but only in furtherance of the objects of the Association.

  9. Enrolling members, collecting subscriptions from members and donations from any person interested in the objects of the Association.

  10. Engaging in any other activity which shall be conducive to the objects of the Association.

The Association reviews its aims, objectives and achievements each year and this report summarises activities and achievements during 2023. In undertaking the review, the trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the Association should undertake.

The charitable status of the English Association substantially enhances its ability to pursue its aims for the public benefit in a number of ways:

Page 1

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Activities and achievements during 2023

Publications

English is the flagship higher-education journal of the Association and is dedicated to new developments in English studies. Published four times per year by Oxford University Press on behalf of the Association, English provides a forum for discussion on all aspects of English literature and language, and on professional topics. It includes scholarly essays and reviews on all periods of literary history, alongside new work by contemporary poets. It publishes work that speaks to the discipline as a whole, including reflections on pedagogy and on the place of English literature and language in the world beyond academia. The journal is edited by a team based at the University of East Anglia, led by Dr Rebecca Pinner and Dr Jessica Valdez.

The Use of English is the longest-standing of journals for teachers, including trainee teachers, of secondary and further English. Published three times a year, it brings together vigorous, independent comment on theory, policy and practice. It carries a substantial section of reviews of important books on the teaching of the subject, plus works of literary criticism and anthologies and editions. The journal is edited by Malcolm Hebron and Kayte Haselgrove.

English 4-11 supports literacy in the primary classroom and is for teachers, including trainee teachers, of primary English. Accessible and lively, the magazine is packed with articles, covering Early Years Education to the end of Key Stage 2. Published three times a year, the magazine includes accounts of innovative practice and successful projects, reports of classroom research, reviews of books, software and other resources, interviews with authors, and articles to spark discussion. It is a joint publication of the English Association and the United Kingdom Literacy Association and is edited by a joint Editorial Board, led by Dr Sally Wilkinson.

The English Association Newsletter encourages conversation about topics important to the subject community, and is published three times per year. It is edited by Dr Rebecca Fisher, the CEO of the English Association, in collaboration with guest editors.

Essays and Studies is a series of annual themed volumes, each edited by a distinguished academic. The series is published on behalf of the Association by Boydell & Brewer.

The Year's Work in English Studies is a qualitative narrative bibliographical review of scholarly work on English language and on literatures written in English. The volume includes a detailed overview from Old English to contemporary critical works for a given year and is published annually on behalf of the Association by Oxford University Press.

The Year's Work in Critical and Cultural Theory is a companion volume to The Year's Work in English Studies and is also published annually for the Association by Oxford University Press. It provides a narrative bibliography of work in the field of critical and cultural theory, recording significant debates and issues of interest in a broad field of research in the humanities and social sciences. The series is of interest to scholars working in many areas of literary and critical and cultural studies as well as in media, visual arts, history and political theory.

Issues in English is a series of occasional publications exploring current issues of debate in English at all levels.

English at the Interface is a series comprising one or two monographs annually, published on behalf of the Association by Liverpool University Press. Monographs can be on any field of English Studies - Literature and Language - from the mediaeval period to the present.

Bookmarks are a series of pamphlets intended to supplement the enthusiasm of the literature teacher and to provide additional independent resources for readers wanting to broaden their engagement with literature. They are downloadable free of charge from the Association's website.

Page 2

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

The following were published during the year:

Page 3

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Conferences, key meetings, and events

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||| |---|---| |January|Meeting of the English 4-11 Editorial Board.| |CEO attended the Poetry By Heart consortium meeting.| |Meeting of the Finance Committee.| |February|Meeting of the Primary and Early Years Education Committee.| |Meeting of the Secondary and Further Education Committee.| |Meeting of the Finance Committee.| |Event: My Useful English Degree - Careers for English graduates.| |March|Meeting of the Higher Education Committee.| |Meeting of the Finance Committee| |Meeting of the Board of Trustees.| |Meeting of the Common English Forum.| |Meeting of the English 4-11 Editorial Board.| |Event: Speaking for English - Economic impact.| |April|Meeting of the Primary and Early Years Education Committee.| |Meeting of the Higher Education Committee.| |Meeting of the Finance Committee.| |May|Winners of the English 4-11 Picture Book Awards announced.| |Awards Ceremony and AGM held online.| |Meeting of the Secondary and Further Education Committee.| |Meeting of the Finance Committee.| |Meeting of the Board of Trustees.| |Meeting of the Choose English campaign working group.| |Meeting of the Learned Societies network.| |Event: Speaking for English - Health and wellbeing.| |Event: English Today and Tomorrow - Practitioners consider the case for change| |Event: Reading Teachers = Reading Pupils: Igniting the spark of reading for pleasure| |June|Meeting of the Skills working group.| |Meeting of the Finance Committee.| |Meeting of the Board of Trustees.| |Event: The Decline and Fall (?) of A Level English| |Event: Reading in the Primary School - Reading for pleasure in the classroom| |July|Participation in the launch of the University English #EnglishCreates campaignParticipation in the| |Lit Drive conference.Meeting of the Remuneration Committee.Meeting of the Finance| |Committee.Event: The Power and Pleasure of Reading.| |August|Meeting of the Finance Committee.| |Meeting of the Choose English campaign working group.| |Event: To Pearson 2.0 or not to Pearson 2.0? A new option for the English Language GCSE| |September|Meeting of the English 4-11 Editorial Board.| |Meeting of the Board of Trustees.| |Meeting of the Finance Committee.| |Meeting of the Fellowship Committee.| |Event: Periodical Pedagogies.| |Event: How Does This Poem Feel? Sensory approaches to teaching and learning GCSE English| |Literature| |October|EA office relocated to Senate House in London.| |Participation in the Poetry By Heart 2024 launch.| |Participation in the Foyle Young Poets award ceremony.| |Meeting of the Finance Committee.| |Meeting of the Publications Committee.| |Campaign consultation workshops with teachers.| |Event: Helicopter Stories - Supporting the development of language, literacy, and community| |across early years|

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THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

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||| |---|---| |Event: Creativity Engine showcase| |Event: How do we best express the value of English Studies?| |November|Meeting of the Higher Education Committee.| |Meeting of Primary and Early Years Education Committee.| |Meeting of the Common English Forum.| |Meeting of the Secondary and Further Education Committee.| |Meeting of the Finance Committee.| |Event: Connecting English and Maths (Shakespeare's Globe, London)| |Event: Reading in the Primary School: Picture books on sensitive and difficult topics| |December|Meeting of the Board of Trustees.| |Meeting of the Fellowship Committee.| |Chair and CEO meet with Department for Education English Curriculum Policy team.| |Participation in University English OGM.| |Event: Speaking for English - Literature and the environment| |Event: Co-producing Research with Students: Digital Thomas Nashe|

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Committee reports

Publications Committee

Following the Strategic Review undertaken in 2022, 2023 saw the formation of a Publications Committee. Its remit is to maintain an overview of the content and professional standards of all EA publications, with responsibility for ensuring editorial and financial security, identifying opportunities for growth, and ensuring benefit to EA members and to the wider English community at all levels.

The Publications Committee will meet four times a year, the Chair reporting to the Board of Trustees.The core membership includes representatives of the three Education committees, who will report back to their committees.The Publications Committee will also liaise closely with the Finance Committee, whose Chair is a core member along with the CEO.

Three meetings per year, restricted to the core membership, will focus on strategy, finances, and oversight of the portfolio. One of the four meetings will involve an extended group comprising editors of EA publications as well as core members. This meeting will focus on support, good practice, and peer support for editorial teams.

Members (core): Susie Nicklin - Chair Alex Thomson - Deputy Chair Zoë Hope Bulaitis Becky Cole Orietta Da Rold Becky Fisher Ella Taylor Helen Wallace

Highlights of activities:

Page 5

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Higher Education Committee

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||| |---|---| |Members:| |Jenny Richards|Chair - Newcastle University/University of Cambridge| |Joe Barber|Manchester Metropolitan University| |Alex Thomson|University of Edinburgh| |Antony Rowland|Manchester Metropolitan University| |Claire Jowitt|University of East Anglia| |Clare Lees|Institute of English Studies, School of Advanced Studies, University of London| |Greg Walker|University of Edinburgh| |Martin Halliwell|University of Leicester| |Nicole King|University of London| |Rick Rylance|School of Advanced Studies, University of London| |Robert Eaglestone|Deputy Chair - Royal Holloway, University of London| |Anshuman Mondal|University of East Anglia| |Andrea Macrae|Oxford Brookes University| |Katherine Baxter|Northumbria University| |Jerome de Groot|University of Manchester| |Elspeth Jajdelska|Strathclyde University| |Suzy Joinson|Chichester University| |Gail Marshall|University of Reading| |Bronwen Price|Independent scholar| |Lynda Pratt|University of Nottingham| |Richard Stacey|Glasgow University| |Nathan Waddell|University of Birmingham| |John Wrighton|Independent scholar|

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Highlights of activities:

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THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Secondary and Further Education Committee

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||| |---|---| |Members:| |Elizabeth Draper|Chair - consultant| |Hollie Barnes Lomax|Deputy Chair - Cambridge Regional College| |Tracey Maloney|Consultant| |Malcolm Hebron|Winchester College/retired| |Brenda Marshall|Primary-Secondary Education Committee liaison| |Sarah Mullin|Priory School, Edgbaston| |Rob Penman|Katharine Lady Berkeley's School, Gloucester/retired| |Angela Rodrigues|The Cotswold School| |Joe Barber|Manchester Metropolitan University| |Freddie Baveystock|Harris Westminster Sixth Form| |Chris Green|Perse School Cambridge| |Matt Carnaby|Inspiration Trust| |Ella Taylor|Harris Westminster Sixth Form| |Jo Heathcote|Consultant| |Joan Foley|Lecturer in Arts and Humanities (Open University)|

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Highlights of activities:

Primary and Early Years Education Committee

Members:

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||| |---|---| |Kirstie Hewett|Chichester University - School Improvement Specialist| |Sonia Carvell|Primary Teacher| |Brenda Marshall|Primary-Secondary Education Committee liaison| |Nicky Potter|Independent publicist| |Megan Dixon|Consultant| |Rebecca Smith|Learning and Participation Manager, Cheltenham FestivalReading development| |& children's book consultant, critic, author, blog editor Youth| |Jake Hope|Libraries Group, Chair YOTO Carnegies Working Party| |Chris Brown|Primary Teacher| |Suzanne Hughes|Primary Teacher|

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Changes to membership: Ros Harding stepped down from the Committee. Chris Brown and Suzanne Hughes joined the Committee.

Page 7

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Highlights of activities:

Fellowships

The new Fellows of the English Association were honoured at the Awards Ceremony following the Annual General Meeting on 25 May 2023:

Dr Freddie Baveystock Professor Katherine Baxter Dr Elizabeth Cook Professor Katharine Craik Professor Hannah Crawforth Professor Jonathan Culpeper Dr Fiona Douglas Professor Jess Edwards Dr Dimitra Fimi Tony Frazer Martin Galway Professor Sebastian Groes Dr Malcolm Hebron Birna Helgadottir Professor Ian Johnson Ali Mawle Professor Pramod K. Nayar Professor Fiona Robertson Professor Sebastian Sobecki Professor Scott Thurston Professor Sue Vice David Whitley Dr Catherine Wynne

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Dr Catherine Wynne
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Page 8

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES Awards and prizes

The following were awarded at the Awards Ceremony on 25 May 2023:

The Fellows Award

Dr Pauline Mackay, University of Glasgow Dr Tiago Sousa Garcia, Newcastle University

The Beatrice White Prize

The Beatrice White Prize is awarded to Dr Mark Atherton, for his publication The Battle of Maldon: War and Peace in Tenth-Century England (Bloomsbury, 2021).

English Postgraduate Essay Prize

Winner: Georgie Walton, for her essay 'Emerson and the Lyric Essay in Maggie Nelson's Bluets' Runner-up: Minh Vu, for their essay 'Leftover Liquids and The Moisture of Mourning and Melancholia in Ocean Vuong's On Earth We're Briefly Gorgeous'

Runner-up: William Taylor, for his essay ''A benevolent technology': Desiring-production and the Petromodern Death Drive in J. G. Ballard's Crash'

English 4-11 Picture Book Awards Non-fiction 7-11

Real-Life Dragons And Their Stories Of Survival by Anita Ganeri and Jianan Liu (Hachette Children's Group)

Non-fiction 4-7

Invertebrates Are Cool! by Nicola Davies and Abbie Cameron (Graffeg)

Fiction 7-11

Paradise Sands by Levi Pinfold (Walker Books)

Fiction 4-7

Flooded by Mariajo Ilustrajo (The Quarto Group)

The Margaret Mallett Award for Children's Non-Fiction Narhwal: The Arctic Unicorn by Justine Anderson and Jo Weaver (Walker Books)

The Betty Haigh Shakespeare Prize

The Prize was awarded Lara Solie-Tuluie, for her essay 'We Need Shakespeare Now More Than Ever: How She's The Man Sheds Light on The Relevance of Twelfth Night Today'. This year the judges also selected a highly commended entry, Rebecca Khans' essay 'Oliver Parker: Bringing Othello to a Contemporary Audience'.

The Michael Murphy Memorial Prize Poetry Competition

The Prize was awarded to Layli Long Soldier for her collection Whereas (Picador).

Page 9

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

The statement of financial activities for the year ended 31 December 2023 shows a surplus of incoming resources over resources expended for the year of £91,262 (2022: £82,322). Both 2023 and 2022 were significantly impacted by a revaluation of the pension scheme resulting in a credit of £20,508 in 2023 and a credit of £49,455 in 2022, as detailed in note 7. The Association's total reserves increased during the year from £131,690 to £222,952. Cash at bank and in hand at the end of the year was £284,405 (2022: £220,595).

Risk management

Trustees have identified the major risks to which the Association is exposed. Systems are being developed to mitigate those risks and policies are being established to monitor and control risk. In the areas of operational, governance, financial and compliance risk, trustees are confident that the quality of the Association's staff and professional advisors minimises the exposure to risk.

Reserves policy

The balance sheet at 31 December 2023 shows unrestricted reserves of £221,763. Restricted reserves relating to the various prize funds amount to £1,189. The Association's reserves therefore stood at £222,952 on 31 December 2023. The unrestricted fund includes tangible assets, debtors, cash in the bank and in hand.

It is the Association's policy to try to maintain reserves equivalent to six months' estimated expenditure; for 2024 this is forecasted to be in the region of £100,000. In addition, under its arrangements with the University of Leicester the Association is required to hold reserves of no less than £25,000 in respect of the membership of the Association's employees in the Universities Superannuation Scheme (USS). Members of council have resolved to maintain a ring-fenced reserve of £50,000 to meet this potential obligation.

However, in the light of volatility seen in recent years with the revaluation of the USS resulting in significant movements in the Association's balance sheet, together with potential developments in the publication industry which may affect our future income, the current reserves balance is not considered excessive to ensure the continuing operation of the Association, including contractual commitments to its employees and to publishers, during any periods of economic uncertainty.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and was incorporated by Royal Charter.

Page 10

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The management of the Association is carried out by the Board of Trustees, whose members are the council of the Royal Charter entity and trustees of the registered charity. Trustees give their time to the Association voluntarily and receive no benefits for the work they do on its behalf. Expenses reclaimed by trustees for their attendance at meetings of the Association are set out in a note to the accounts.

The Finance Committee is responsible for the financial and administrative operations of the Association, including risk management, and reports directly to the Board of Trustees.

The Secondary and Further Education Committee reports to the Board of Trustees and is responsible for and responding to national issues regarding secondary and further education; the committee also advises the editors of The Use of English.

The Primary and Early Years Education Committee reports to the Board of Trustees and is responsible for responding to national issues regarding primary education; the English 4-11 Editorial Board is responsible for editing English 4-11 and administering the annual English 4-11 Picture Book awards.

The Higher Education Committee responds to national issues regarding higher education and reports to the Board of Trustees.

The Fellowship Committee is responsible for all matters pertaining to the Fellowship and its special interest groups, and reports to the Board of Trustees.

In 2023 the Association was staffed as follows: Chief Executive Officer, 0.8 FTE Administration Officer, 0.5 FTE (1.0 FTE in Jan, Feb, Nov, and Dec) Finance Officer, 0.4 FTE

History of The English Association

The English Association was founded in 1906. On 1 January 2001 its activities, assets and liabilities were transferred to a newly incorporated company limited by guarantee, in accordance with a scheme approved by the Charity Commission. On 1 December 2006 the Association was incorporated by Royal Charter.

In accordance with an order of the Charity Commission, on 1 January 2009 all of the activities, assets and liabilities of the existing registered charity (number 1078935) were transferred to a new registered charity (number 1124890). This transfer was necessary following the incorporation of the Association by Royal Charter. From 1 January 2009 the Association ceased to transact its affairs through the medium of the company limited by guarantee and from that date the affairs of the Association have been carried out through the new registered charity and the entity incorporated by Royal Charter. During 2010 the old registered charity was dissolved and the company limited by guarantee was removed from the Register of Companies.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1124890

Principal address Senate House Malet Street London WC1E 7HU

Page 11

THE ENGLISH ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Prof G Walker Prof P Shaw Prof M Halliwell Prof J Richards R Penman S Nicklin Oxon Prof D Duff Dr N King (resigned 25.5.2023) E Draper L Lamb T Maloney H Wallace Dr F M Douglas Prof A J P Thomson Prof A Mondal K Hewett

Dr R Fisher is the Charity's Chief Executive Officer.

Independent Examiner

Phillip Bott FCA BSc (Hons) The Institute of Chartered Accountants Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

BANKERS

Barclays Bank plc 2 Victoria Street London SW1H 0ND Scottish Widows Bank PO Box 883 Leeds LS1 9TY

Approved by order of the board of trustees on 9 May 2024 and signed on its behalf by:

Prof D Duff - Trustee

Page 12

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ENGLISH ASSOCIATION

Independent examiner's report to the trustees of The English Association

I report to the charity trustees on my examination of the accounts of The English Association (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Use of our report

This report is made solely to the charity's members. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our work, for this report, or for the opinions we have formed.

Phillip Bott FCA BSc (Hons) The Institute of Chartered Accountants Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

9 May 2024

Page 13

THE ENGLISH ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Advancing English
237,823
Investment income
2
2,117
Total
239,940
EXPENDITURE ON
Charitable activities
4
Advancing English
148,558
NET INCOME/(EXPENDITURE)
91,382
RECONCILIATION OF FUNDS
Total funds brought forward
130,381
TOTAL FUNDS CARRIED FORWARD
221,763
Restricted
funds
£
-
-
-
120
(120)
1,309
1,189
2023
Total
funds
£
237,823
2,117
239,940
148,678
91,262
131,690
222,952
2022
Total
funds
£
223,788
367
224,155
141,833
82,322
49,368
131,690

The notes form part of these financial statements

Page 14

THE ENGLISH ASSOCIATION

BALANCE SHEET 31 DECEMBER 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
399
CURRENT ASSETS
Debtors
10
56,141
Cash at bank and in hand
283,016
339,157
CREDITORS
Amounts falling due within one year
11
(17,073)
NET CURRENT ASSETS
322,084
TOTAL ASSETS LESS CURRENT
LIABILITIES
322,483
NET ASSETS
221,763
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
-
-
1,389
1,389
(200)
1,189
1,189
1,189
2023
Total
funds
£
399
56,141
284,405
340,546
(17,273)
323,273
323,672
222,952
221,763
1,189
222,952
2022
Total
funds
£
700
47,551
220,595
268,146
(15,928)
252,218
252,918
131,690
130,381
1,309
131,690

The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2024 and were signed on its behalf by:

Prof D Duff - Trustee

The notes form part of these financial statements

Page 15

THE ENGLISH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011 and its Royal Charter. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The exception to this is Subscription and Publication income which is recognised in the period to which it relates.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 5% on cost Office equipment - 20% on cost Computer equipment - 33% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds 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 raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates both a defined contribution scheme and a defined benefit scheme.

Defined contribution scheme: Contributions payable to the charity's pension scheme are charged to the statement of financial activities in the period to which they relate.

continued...

Page 16

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

Defined benefit scheme: An actuarial valuation of the scheme is carried out by an independent professionally qualified actuary every three years.

The defined pension liability in the balance sheet comprises the present value of the liability to the scheme as shown in note 7.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. INVESTMENT INCOME

Deposit account interest
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Subscriptions
Advancing English
Publications
Advancing English
Conference Income
Advancing English
Other
Advancing English
4.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Advancing English
111,344
2023
£
2,117
2023
£
92,082
140,174
2,206
3,361
237,823
Support
costs (see
note 5)
£
37,334
2022
£
367
2022
£
91,319
128,853
3,185
431
223,788
Totals
£
148,678

continued...

Page 17

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

5. SUPPORT COSTS

Management
£
Advancing English
24,871
Support costs, included in the above, are as follows:
Management
Rent, rates and insurance
Telephone
Postage and stationery
Sundries
Committee expenses
Computer costs
Prizes and awards
Recruitment
Depreciation of tangible and heritage assets
Finance
Bank charges
Bookkeeping
Governance costs
Legal and compliance fees
Consultancy and advice
Independent examiners remuneration
Governance
Finance
costs
Totals
£
£
£
4,282
8,181
37,334
2023
2022
Advancing
Total
English
activities
£
£
7,700
9,104
-
50
1,308
527
4,434
1,319
1,190
746
8,505
12,642
1,434
616
-
150
300
639
24,871
25,793
2023
2022
Advancing
Total
English
activities
£
£
403
796
3,879
3,233
4,282
4,029
2023
2022
Advancing
Total
English
activities
£
£
380
-
5,095
-
2,706
2,460
8,181
2,460

continued...

Page 18

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were trustees expenses of £2,759 (2022: £2,197) paid for the year ended 31 December 2023.

7. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |£|£| |Wages and salaries|75,137|86,464| |Social security costs|5,776|8,111| |Other pension costs|(6,973)|(29,117)| |73,940|65,458|

----- End of picture text -----

There was no remuneration or other benefits paid to the Key Management Personnel during the year ended 31 December 2023 nor for the year ended 31 December 2022.

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |Charitable activities|3|4|

----- End of picture text -----

No employees received emoluments in excess of £60,000 in the year ended 31 December 2023 nor in the year ended 31 December 2022.

Pension costs

The total pension credit in the profit and loss account was £20,508 (2022: £49,455).

Previously The English Association operated on the basis that all staff are in academic and comparable roles and as such were enrolled in to the USS pension scheme. As at 25 November 2019, the charity proposed a change in agreement with USS to offer an alternative pension scheme whereby only employees in grade 6 and above will be classed as academic and comparable and therefore future employees in grade 5 and below are no longer eligible for USS membership and will be enrolled in an alternative scheme. There is currently one employee enrolled in NEST.

The latest available complete actuarial valuation of the Retirement Income Builder from USS is at 31 March 2020 (the valuation date), which was carried out using the projected unit method.

Since the institution cannot identify its share of USS Retirement Income Builder assets and liabilities, the following disclosures reflect those relevant for those assets and liabilities as a whole.

continued...

Page 19

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. STAFF COSTS - continued

The 2020 valuation was the sixth valuation for the scheme under the scheme-specific funding regime introduced by the Pensions Act 2004, which requires schemes to adopt a statutory funding objective, which is to have sufficient and appropriate assets to cover their technical provisions. At the valuation date, the value of the assets of the scheme was £66.5 billion and the value of the scheme's technical provisions was £80.6 billion indicating a shortfall of £14.1 billion and a funding ratio of 83%. The deficit of £14.1 billion is on the basis of the Joint Negotiating Committee (JNC) recommendation and associated enhanced covenant support being implemented. If this was not applied, the valuation would indicate a deficit of £18.4 billion. This is a 384% increase in comparison to the deficit per the 2018 valuation of £3.8 billion. Had experience since the previous valuation been in line with the assumptions adopted for that valuation, and allowing for contributions paid over the period, the scheme would have expected to have a deficit of £4.5 billion at this valuation date. The increase is largely due to the time lapse between the 2018 valuation date and implementation of the 2018 valuation outcome, the actual position is therefore worse than expected.

The key financial assumptions used in the 2020 valuation are described below. More detail is set out in the Statement of Funding Principles.

----- Start of picture text -----
||| |---|---| |% pa| |Price inflation| |RPI|2.8| |CPI|2.1| |Return from gilts|0.7| |Return above gilts| |Pre-retirement portfolio|2.75 or 2.0²| |Post-retirement portfolio|1.0|

----- End of picture text -----

These rates are illustrative single-equivalent rates at 31 March 2020. In practice, full yield curves for gilts and inflation have been used in the calculations. Pension increases before and after retirement are assumed to be 5bps higher than CPI curve for current benefits (either uncapped of with soft cap of 5%) and 35bps lower than CPI curve for benefits in line with CPI with a minimum of 0% and maximum of 2.5% pa.

The investment model is fundamentally different from the approach adopted at the 2018 valuation, where the investment strategy was assumed to de-risk over a defined time period (20 years) such that the projected technical provisions at that point in time would be within a certain distance of the Trustee's self - sufficiency measure.There is no longer any assumption that the investment strategy will de-risk towards a self-sufficiency strategy, the dual discount rate approach means that the technical provisions will respond naturally to any changes in the maturity and liability profile of the scheme.

There has been a significant fall in gilt yields between 31 March 2018 and 31 March 2020. While the assumptions are expressed relatively to gilt yields, the Statement of Funding Principles does not specify a fixed premium above gilts for the pre- and post- retirement portfolios. The premiums adopted as at 31 March 2020 are higher than might be expected at other dates, based on market conditions prevailing at that date.

Expectations for RPI price inflation's have reduced since 2018 valuation and the expected gap between RPI and CPI has also reduced reflecting government proposals. The assumption for CPI at the 2020 valuation, and associated pension increases is slightly higher than that adopted in 2018.

The mortality assumption has also been updated based on more recent mortality experience analysis. The updated mortality assumption results in slightly shorter assumed life expectancies than at the previous valuation.

Minor updates have been made to other demographics assumptions, including a change to the proportion of members assumed to leave a dependant entitled to a pension following their death. These changes have led to a slight reduction in the technical provisions compared to the previous assumptions.

continued...

Page 20

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. STAFF COSTS - continued

The allowance for additional assumed investment returns in the recovery plan differs from the last valuation - there was no similar allowance made in 2018.

A new deficit recovery plan was put in place as part of the 2020 valuation which requires payment of 0% of salaries over the period 1 October 2021 to 30 September 2022, followed by 3% from 1 October 2022 and increasing by a further 3% every 6 months up to 18% from 1 April 2025 and then 20% from 1 October to 2025, this will be the rate of recovery up until 31 July 2032. This recovery plan is based on the JNC recommendation not being implemented.

It was determined that difference assumptions should apply dependent on whether or not a deed has been entered into effecting the recommendation of the JNC on or before 28 February 2022 and therefore the valuation report as at 31 March 2020 covers both possibilities. For the purpose of the deficit recovery liability included within the accounts the figures reflecting the JNC recommendations not being implemented have been used to portray the worst case scenario.

The pension commitments as at 31 December 2023 show a decrease in comparison to 2022 with a £20,508 change in expected contributions.

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 DECEMBER
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Advancing English
223,688
100
Investment income
367
-
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 DECEMBER
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Advancing English
223,688
100
Investment income
367
-
2022
Total
funds
£
223,788
367
Total 224,055
100
224,155
EXPENDITURE ON
Charitable activities
Advancing English
141,813
20
141,833
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
Prior year adjustment
82,242
80
71,186
1,229
(23,047)
-
82,322
72,415
(23,047)
As restated 48,139
1,229
49,368
TOTAL FUNDS CARRIED FORWARD 130,381
1,309
131,690

continued...

Page 21

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
9. TANGIBLE FIXED ASSETS
Fixtures
and Office Computer
fittings equipment equipment Totals
£ £ £ £
COST
At 1 January 2023 and 31 December 2023 2,597 3,572 50,837 57,006
DEPRECIATION
At 1 January 2023 2,300 3,400 50,606 56,306
Charge for year 22 48 231 301
At 31 December 2023 2,322 3,448 50,837 56,607
NET BOOK VALUE
At 31 December 2023 275 124 - 399
At 31 December 2022 297 172 231 700
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Prepayments and accrued income 56,141 47,551
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 6,334 712
Other creditors 10,939 15,216
17,273 15,928
12. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£ £ £
Unrestricted funds
General fund 130,381 91,382 221,763
Restricted funds
Beatrice White fund 1,199 (100) 1,099
Betty Haigh prize fund 110 (20) 90
1,309 (120) 1,189
TOTAL FUNDS 131,690 91,262 222,952
----- End of picture text -----

continued...

Page 22

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
239,940
Restricted funds
Beatrice White fund
-
Betty Haigh prize fund
-
-
TOTAL FUNDS
239,940
Comparatives for movement in funds
Prior
year
At 1.1.22
adjustment
£
£
Unrestricted funds
General fund
71,186
(23,047)
Restricted funds
Beatrice White fund
1,099
-
Betty Haigh prize fund
130
-
1,229
-
TOTAL FUNDS
72,415
(23,047)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
224,055
Restricted funds
Beatrice White fund
100
Betty Haigh prize fund
-
100
TOTAL FUNDS
224,155
Resources
Movement
expended
in funds
£
£
(148,558)
91,382
(100)
(100)
(20)
(20)
(120)
(120)
(148,678)
91,262
Net
movement
At
in funds
31.12.22
£
£
82,242
130,381
100
1,199
(20)
110
80
1,309
82,322
131,690
Resources
Movement
expended
in funds
£
£
(141,813)
82,242
-
100
(20)
(20)
(20)
80
(141,833)
82,322

continued...

Page 23

THE ENGLISH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

PROFESSOR BEATRICE WHITE PRIZE FUND

The Professor Beatrice White Fund was established in 1988. The annual prize of £100 is awarded to the outstanding scholarly article in the field of English Literature before 1590, noted in the current volume of The Year's Work in English Studies.

As of 31 December 2023 £200 (2022: £200) of prizes were unpaid relating to the years 2018 and 2019.

BETTY HAIGH FUND

The Betty Haigh Fund was established in 1996 and is used to finance the Betty Haigh Shakespeare Prize Competition, an essay competition open to all A Level students of English Literature.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 24

THE ENGLISH ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Investment income
Deposit account interest
Charitable activities
Subscriptions
Publications
Conference Income
Other
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Conference expenses
Publication costs
Support costs
Management
Rent, rates and insurance
Telephone
Postage and stationery
Sundries
Committee expenses
Computer costs
Prizes and awards
Recruitment
Fixtures and fittings
Office equipment
Computer equipment
Finance
Bank charges
Bookkeeping
2023
£
2,117
92,082
140,174
2,206
3,361
237,823
239,940
75,137
5,776
(6,973)
2,155
35,249
111,344
7,700
-
1,308
4,434
1,190
8,505
1,434
-
21
48
231
24,871
403
3,879
4,282
2022
£
367
91,319
128,853
3,185
431
223,788
224,155
86,464
8,111
(29,117)
420
43,673
109,551
9,104
50
527
1,319
746
12,642
616
150
21
48
570
25,793
796
3,233
4,029

This page does not form part of the statutory financial statements

Page 25

THE ENGLISH ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Finance
Governance costs
Legal and compliance fees
Consultancy and advice
Independent examiners remuneration
Total resources expended
Net income
2023
£
380
5,095
2,706
8,181
148,678
91,262
2022
£
-
-
2,460
2,460
141,833
82,322

This page does not form part of the statutory financial statements

Page 26