ETHICAL DATA INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
14451464 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 31 October 2022

End date: 31 October 2023

ETHICAL DATA INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

ETHICAL DATA INITIATIVE CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023


£
Turnover: 3,000
Cost of sales: ( 2,000 )
Gross profit(or loss): 1,000
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 1,000
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 1,000
Tax: ( 500 )
Profit(or loss) for the financial year: 500

ETHICAL DATA INITIATIVE CIC

Balance sheet

As at 31 October 2023

Notes 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 500
Investments:   0
Total current assets: 500
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 500
Total assets less current liabilities: 500
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 500
Members' funds
Profit and loss account: 500
Total members' funds: 500

The notes form part of these financial statements

ETHICAL DATA INITIATIVE CIC

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 July 2024
and signed on behalf of the board by:

Name: Kathryn Bailey
Status: Director

The notes form part of these financial statements

ETHICAL DATA INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ETHICAL DATA INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

ETHICAL DATA INITIATIVE CIC

Company Number: 14451464 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The Ethical Data Initiative focuses on promoting responsible practices in data use, particularly in research and innovation. Over the past year, the organisation has conducted workshops and training sessions aimed at equipping researchers and stakeholders with the knowledge to handle data ethically and responsibly. By delivering open educational materials and engaging with stakeholders, the Initiative has fostered an inclusive environment for dialogue around data ethics. This approach has led to the development of resources that support researchers in making informed decisions about data management and sharing, ultimately benefiting the broader community. In May 2023, the Ethical Data Initiative, together with the Association of African Universities and the University of Nottingham launched the Campaign for Data Ethics in Education. The Campaign is accompanied by the Ethical Data Discussion Series, a series of webinars exploring and informing on ethical considerations surrounding digital technologies, data collection, and data-driven research. On 28 November 2022, the Ethical Data Initiative put out an open call for hosting, looking to partner with leading engineering technology and research institutions in order to increase capacity. As of October 2023, we are in the process of finalising a bilateral partnership agreement to begin early 2024.

Consultation with stakeholders

Though we have informally consulted with various stakeholders, there has been no formal stakeholder consultation held. We are planning to hold the first official stakeholder consultation Q1 2024.

Directors' remuneration

The founding Directors took nominal remuneration as consultants for postgraduate training sessions on Responsible Research and Innovation and Data Ethics, held in February 2022 and February 2023 at the University of Nottingham. The training was part of a joint CDT programme run by Newcastle University and the University of Nottingham. Details are included in the accounts.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
15 July 2024

And signed on behalf of the board by:
Name: Kathryn Bailey
Status: Director