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2024-09-30-accounts

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

Registered number: 07783813 Charity number: 1146741

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 15

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Trustees Prof H M Anderson
Prof M Chauvet
Ms S Goncalves
Prof B Hansen
Prof S Holly
Prof T Magnac
Prof B Rossi
Prof J Wright
Company registered
number
07783813
Charity registered
number
1146741
Registered office
279 Wellbrook Way
Girton
Cambridge
Cambridgeshire
CB3 0GL
Company secretary
Prof M Chauvet
Accountants
Michael Hewett FCA DChA
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Bankers
HSBC Bank plc
63-64 St Andrews Street
Cambridge
CB2 3BZ

Page 1

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024

The Trustees present their annual report together with the financial statements of the Charity for the 1 October 2023 to 30 September 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

a. Policies and objectives

The principal object of the Charity is to advance the education of the public in the subject of econometrics and its applications to a variety of fields in economics, in particular, but not exclusively, by advancing and supporting research in that field and disseminating the results of such useful research to the public.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

In order to fulfil the Charity's objectives the Trustees have the power to undertake the following activities:

ACHIEVEMENTS AND PERFORMANCE

a. Review of Activities

The IAAE runs a very successful annual conference that receives submissions of over 1,100 papers, and a total of around 600 papers are accepted for presentation. It is becoming one of the largest conferences in the Economics profession.

The IAAE strongly supports junior economists, including PhD students and assistant professors. The IAAE has annual prizes for the best paper presented by graduate students at the IAAE conference. We also provide travel assistantship/grant to both graduate students and teaching assistants to attend the IAAE conference.

IAAE also supports dissemination of applied econometric research by supporting conferences and workshops around the world. We also support an IAAE annual lecturer who presents at the IAAE conference.

Page 2

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Two annual conferences were held during the year: one in Xiamen, China between 7 and 9 June 2024 and one in Thessaloniki, Greece between 25 and 27 June 2024.

In Xiamen, the key note speakers were Marcella Chauvet (Professor of Economics and the Chair of the Department of Economics at University of California), Cheng Hsiao (Professor of Economics at the University of Southern California), Lung-Fei Lee (Professor of Economics in Shanghai University of Finance and Economics and a Professor Emeritus of Economics at the Ohio State University), Arthur Lewbel (Professor of Economics at Boston College, USA), Esfandiar Maasoumi (Arts and Sciences Distinguished Professor of Economics at Emory University) and Whitney K. Newey (Ford Professor of Economics at Massachusetts Institute of Technology).

In Thessaloniki, the key note speakers were Guido Imbens (The Applied Econometrics Professor and Professor of Economics at Stanford Graduate School of Business), Anna Mikusheva (Professor of Economics at Massachusetts Institute of Technology), Isaiah Andrews (Professor of Economics at Massachusetts Institute of Technology) and Bruce Hansen (Phipps Distinguished Chair of Economics at the University of Wisconsin).

FINANCIAL REVIEW

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Summary of year

During the year the Charity received donations of £30,316 (2023: £30,823), membership fees of £25,319 (2023: £17,997) and investment income of £8,245 (2023: £3,599). The Charity also made a £64,441 surplus on the IAAE 2024 Annual Conferences. Expenditure on charitable activities comprised grants payable to institutions and individuals of £14,318 (2023: £16,858) and various other support and governance costs. Total expenditure (excluding the movement in foreign exchange) for the year was £27,854 (2023: £23,172). Net income for the year of £86,620 (2023: £39,935) has been added to the brought forward unrestricted funds of £406,109, bringing the total unrestricted funds and free reserves carried forward to £492,729.

c. Reserves policy

The IAAE Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure, which amounts to around £15,000 - £20,000. The Trustees consider that this level will provide sufficient funds to finance the main IAAE activities such as the Annual IAAE Conference, applications for grants, and to ensure that support and governance costs are covered. IAAE is expected to receive donations from Wiley over the next two years. The free reserves are currently in excess of this figure and these excess reserves are to be dedicated to workshops, grants and conferences.

d. Principal funding

The charity's main source of income is an annual donation from John Wiley & Sons Ltd (publishers of the Journal of Applied Econometrics).

Page 3

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Constitution

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22 September 2011.

The principal object of the charity is to advance the education of the public in the subject of econometrics and its applications to a variety of fields in economics, in particular, but not exclusively, by advancing and supporting research in that field and disseminating the results of such useful research to the public.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The following Trustees were in office during the period:

Prof M Chauvet Ms S Goncalves Prof B Rossi Prof T Magnac Prof B Hansen Prof H Anderson Prof S Holly Prof J Wright

c. Organisational structure and decision-making policies

The day to day running of the charity is overseen by the Trustees, who are supported by an administrative assistant.

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Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, 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 Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Prof S Holly Trustee

Date: 26 June 2025

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Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2024.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

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

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Michael Hewett

Dated: 26 June 2025

FCA DChA

Peters Elworthy & Moore Salisbury House, Station Road, Cambridge, CB1 2LA

Page 6

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
INCOME FROM:
Donations and membership fees
3
Charitable activities
4
Investments
5
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
6
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2024
£
55,635
64,441
8,245
128,321
41,701
41,701
86,620
406,109
86,620
492,729		 Total
funds
2024
£
55,635
64,441
8,245
128,321
41,701
41,701
86,620
406,109
86,620
492,729		 Total
funds
2023
£
48,820
25,846
3,599
78,265
38,330
38,330
39,935
366,174
39,935
406,109

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 15 form part of these financial statements.

Page 7

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee) REGISTERED NUMBER: 07783813

BALANCE SHEET AS AT 30 SEPTEMBER 2024

Note
CURRENT ASSETS
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due within one
year
10
NET CURRENT ASSETS
TOTAL NET ASSETS
CHARITY FUNDS
Unrestricted funds
TOTAL FUNDS		 499,721
(6,992)		 2024
£
492,729
492,729
492,729
492,729		 525,533
(119,424)		 2023
£
406,109
406,109
406,109
406,109

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Prof S Holly Trustee

Date: 26 June 2025

The notes on pages 9 to 15 form part of these financial statements.

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Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. GENERAL INFORMATION

The Charity is a company limited by guarantee. The members of the company are the Trustees, who are named on page 1. 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 registered office is Faculty of Economics, University of Cambridge, Cambridge, Cambridgeshire, CB3 9DD.

The financial statements are presented in GBP.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

International Association for Applied Econometrics meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

There were no significant estimates or judgements made by management in preparing these financial statements.

2.2 GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

2.3 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

2.4 INCOME

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Membership fee income is recognised in the period in which it is received.

Donations are recognised in the period in which they are received.

Conference income is recognised in the period in which the conference took place.

Page 9

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

2.5 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Support costs including governance costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.7 FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2.8 CASH AT BANK AND IN HAND

Cash at bank and 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.

2.9 LIABILITIES

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 10

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

2.10 FINANCIAL INSTRUMENTS

The Charity 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.

3. INCOME FROM DONATIONS AND MEMBERSHIP FEES

Unrestricted
funds
2024
£
Donations
30,316
Membership fees
25,319
55,635
TOTAL 2023
48,820		 Total
funds
2024
£
30,316
25,319
55,635
48,820		 Total
funds
2023
£
30,823
17,997
48,820

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2024
£
IAAE Annual Conference surplus
64,441
TOTAL 2023
25,846		 Total
funds
2024
£
64,441
25,846		 Total
funds
2023
£
25,846

Page 11

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT INCOME

Unrestricted
funds
2024
£
Interest received
8,245
TOTAL 2023
3,599		 Total
funds
2024
£
8,245
3,599		 Total
funds
2023
£
3,599

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Expenditure on charitable activities
TOTAL 2023		 Grant
funding of
activities
(See Note 7)
2024
£
14,318
16,858		 Support
costs
2024
£
27,383
21,472		 Total
funds
2024
£
41,701
38,330		 Total
funds
2023
£
38,330

Page 12

Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS

Bank and card charges
Website costs
Administration support costs
Foreign exchange loss
Independent examination fee (governance cost)		 Total
funds
2024
£
6,646
2,312
2,178
13,847
2,400
27,383		 Total
funds
2023
£
885
1,991
1,158
15,158
2,280
21,472

7. ANALYSIS OF GRANTS

Expenditure on charitable activities
TOTAL 2023		 Grants to
Institutions
2024
£
3,229
(2,159)		 Grants to
Individuals
2024
£
11,089
19,017		 Total
funds
2024
£
14,318
16,858		 Total
funds
2023
£
16,858

In 2023 and 2024 all expenditure was unrestricted.

All of the grant funding activities related to grants to institutions as detailed overleaf.

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Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Name of Institution
University of St Andrews, Scotland - European Seminar on Bayesian
Econometrics
Vilnius, Lithuania - International Panal Data Conference
14th Conference Real-Time Data analysis Methods and Application, Belgian
National Bank
36th Canadian Econometrics Study Group Conference CESG, UQAM
Montreal
29th annual meeting of the Midwest Econometrics Group, Ohio State
University, USA
EC2 Conference "Identification in Macroeconomics" University of Oxford
2020 SNDE Society for Nonlinear Dynamics and Econometrics (Uni Zagreb,
Croatia)
2020 International Symposium on Forecasting (Pontifical Catholic
University, Brazil) July 2020
CIREQ
CEF Association
The Remini Centre for Economic Analysis
Società Italiana di Econometria
UK Econometrics Study Group
Fondation Jean-Jacques Laffont		 2024
£
-
-
-
-
-
-
-
-
-
789
1,680
789
(818)
789
3,229		 2023
£
(915)
(1,372)
(1,372)
(1,372)
(915)
(1,372)
(915)
(457)
2,449
1,634
816
816
816
-
(2,159)

8. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £1,600 ( 2023 - £1,545 ) , and accountancy fees of £800 (2023 - £735).

9. TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 30 September 2024, one expense of £1,187 was reimbursed directly to a Trustee (2023 - no expenses reimbursed to Trustees). The expense related to travel and attendance at the IAAE Conference in Greece.

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Docusign Envelope ID: CAC560CD-25A3-4319-834F-B9445C29C112

INTERNATIONAL ASSOCIATION FOR APPLIED ECONOMETRICS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals
Grants accrued		 2024
£
6,992
-
6,992		 2023
£
118,606
818
119,424

11. RELATED PARTY TRANSACTIONS

During the year there were no related party transactions (2023: £Nil) other than those disclosed in the Trustees' Remuneration and Expenses note.

Page 15