It’s funded through taxes. It’s a badly disguised front organisation. It’s about as independent from the government as Transport for London. > We are funded th

It’s funded through taxes. It’s a badly disguised front organisation. It’s about as independent from the government as Transport for London. > We are funded through a number of channels: membership fees from higher education providers contracts and agreements with the UK funding councils and organisations to which QAA reports annually private contracts, consultancy and business development work in the UK and internationally statutory fees from providers for work on behalf of the regulator in England fees and maintenance charges paid by providers of higher education seeking educational oversight for immigration purposes as required by the Home Office. https://www.qaa.ac.uk/about-us/how-we're-run/how-we're-funded https://www.qaa.ac.uk/about-us/how-we're-run/how-we're-funde... They hide how the various funding streams tot up, presumably to maintain the incredibly thin veneer of a pretence they’re not a government body. > The financial statements consolidate the results of the charity and its wholly owned subsidiary on a line-by-line basis. The financial statements are prepared in sterling, which is the functional currency of the group. A separate Statement of Financial Activities (SOFA), and income and expenditure account, for the charity itself are not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. As required by the Charities Accounts (Scotland) Regulations 2006 (as amended), a cash flow statement for the charity is included. https://www.qaa.ac.uk/docs/qaa/about-us/qaa-annual-report-and-financial-statements-2020-21.pdf?sfvrsn=658bda81_10 https://www.qaa.ac.uk/docs/qaa/about-us/qaa-annual-report-an...