Charity registration number 1162762 (England and Wales)
Company registration number 09021881
RESEARCH DATA ALLIANCE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
31 December 2024
RESEARCH DATA ALLIANCE FOUNDATION
CONTENTS
Page
Trustees' report
1 - 7
Independent examiner's report
8
Statement of financial activities
9 - 10
Balance sheet
11
Notes to the financial statements
12 - 20
RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Foundation's Memorandum and Articles of Association, the Companies Act 2006, the Charities Act 2011 and "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)".

Objectives and activities

The Foundation's objects are to:

 

a. Policies and objectives

 

The objects of the Foundation are to advance education and promote research for the public benefit in particular but without limitation by accelerating, promoting, and facilitating research data sharing and exchange and (save for purposes incidental and ancillary to those objects) no other purposes.

 

b. Activities undertaken to achieve objectives

 

This is done through facilitating the operations of the Research Data Alliance (RDA), a global volunteer organisation under the auspices of the Foundation. The mission of the RDA is to "build the social and technical bridges that enable the open sharing and re-use of data." To conduct this work, the RDA reviews, endorses, and convenes short-term Working Groups and longer-term Interest Groups, and since December 2020, Communities of Practice (CoP) a forum and knowledge exchange platform, where both specific and generic data challenges can be discussed and resolved by experts from the community itself as proposed by members of the global research community.

 

The Recommendations and Supporting Outputs (https://www.rd-alliance.org/recommendations-and-outputs/outputs/) delivered by these groups are the primary deliverables of the RDA and are publicly and openly available. The Trustees who act as the Council for RDA formally endorse these recommendations based on the advice of the community elected Technical Advisory Board (TAB) Regional Advisory Board (RAB) and Organisational Advisory Board (OAB) and an assessment of whether the Recommendation is actively being used by organisations.

 

RDA conducts two plenary meetings each year at different locations around the world and on-line, since 2020, for the Communities of Practice, Working and Interest Groups to convene, conduct their work and present their results. new group ideas and proposals are facilitated at these meetings through Birds of a Feather sessions.

 

The Trustees meet together at least four times per year in virtual meetings, and occasionally in a face-to-face context, to ensure the objectives of the Foundation are being met in a productive and responsible manner. Minutes from the Trustee meetings are publicly available on the RDA's website (rd-alliance.org) under the RDA Council page (https://www.rd-alliance.org/council/).

 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charities Commission relating to public benefit and in particular to its supplementary public benefit guidance.

 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake.

 

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Achievements and performance

 

a. Review of activities

 

As of 31 Dec 2024, RDA had 15.214 individual volunteer members, 61 dues paying Organisational Members, and 12 Organisational Affiliate members. They work collectively in 46 active Working Groups, 56 active Interest Groups and 1 active Community of Practice.

 

During the period of 1 January 2024 through 31 December 2024, members created 11 new and currently endorsed Working Groups, and 3 Interest Groups.

 

New, currently endorsed Working Groups:

 

  1. Harmonised terminologies and schemas for FAIR data in materials science and related domains WG

  2. Wind Energy Community Standards WG

  3. Building Immune Digital Twins WG

  4. Small Uncrewed Aircraft and Autonomous Platforms Data WG

  5. Ethics in Agricultural (Ag) Data WG

  6. FAIRification of Genomic Annotations WG

  7. Alignment of multilingual vocabularies in the Social Sciences and Humanities

  8. Coordinating Earth, Space, and Environmental Science Data Preservation and Scholarly Publication Processes WG

  9. Community-based catalogue of requirements for trustworthy TRSPs WG

  10. Optical Radiation Exposure and Visual Experience Data

  11. Health Data Commons GORC Profile WG

     

    New, currently endorsed Interest Groups

     

  12. Collections as Data IG

  13. Salmon Research and Monitoring IG

  14. Research Tools and Data Curation Workflows IG

 

 

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

b. Review of activities (continued)

 

During that same period, existing groups produced 4 further formal Recommendations and 6 supporting outputs (https://www.rd-alliance.org/recommendations-and-outputs/outputs/)

 

Formal Recommendations:

 

1. RDA Common Descriptive Attributes of Research Data Repositories

2. The Global Open Research Commons International Model, Version 1.1

3. Guidance on Data Granularity: Report of the RDA Data Granularity WG

4. Mapping the Landscape of Digital Research Tools

 

 

The previous formal recommendations are listed below:

 

1.    Health Research Performing Organisations (HRPOs) FAIR Guidelines

2.    Metadata Standards Directory WG Recommendations

3.    Metadata Standards Catalog WG Recommendations

4.    RDA National PID Strategies Guide and Checklist

5.    Metadata Schema for the Persistent Identification of Instruments

6.    Data Usage Metrics WG Recommendations

7.    InteroperAble Descriptions of Observable Property Terminologies (I-ADOPT) WG Outputs and

Recommendations

8. FAIR Principles for Research Software

9.    10 Things for Curating Reproducible and FAIR Research

10.    Guidelines for Publishing Structured Metadata on the Web

11.    Recommendations and Capacity Development Resource Kit

12.    Basic Vocabulary of Foundational Terminology

13.    Data Description Registry Interoperability Model

14.    Data Type Model and Registry

15.    Machine Actionable Policy Templates

16.    Metadata standards directory WG

17.    PID Information Types (PIT) WG Recommendations

18.    CODATA/RDA Summer Schools in Data Science and Cloud Computing in the Developing World

19.    RDA/TDWG Attribution Metadata Working Group: Final Recommendations

20.    A curriculum for Foundational Research Data Science Skills for Early Career Researchers

21.    RDA/WDS Publishing Data Services WG Recommendations: The Scholix initiative

22.    RDA/WDS Publishing Data Workflows

23.    Recommendation on PID Kernel Information

24.    Repository Audit and Certification Catalogues

25.    Research Data Collections WG Final Recommendations

26.    Wheat Data Interoperability Guidelines, Ontologies and Use Cases

27.    Scalable Dynamic-data Citation Methodology

28.    The FAIRsharing Registry and Recommendations: Interlinking Standards, databases, and data policies.

29.    RDA DMP Common Standard for Machine-actionable Data Management Plans

30.    39 Hints to Facilitate the Use of Semantics for Data on Agriculture and Nutrition

31.    A Curriculum for Foundational Research Data Science Skills for Early Career         Researchers

32.    RDA COVID-19 Recommendations and Guidelines on Data Sharing

33.    FAIR Data Maturity Model: specification and guidelines

34.    Scholix Metadata Schema for Scholarly Communication Links

 

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

Formal supporting outputs:

 

1. RDA Professionalising Data Stewardship - What does a career track for data stewardship look like?

2. Research Hardware Definition

3. Recommendations on Open Science Rewards and Incentives -Guidance for multiple stakeholders in

Research

4. RDA Value for the Evaluation of Research

5. Ten Principles to Improve Dataset Discoverability

6. Data Granularity Use Cases

 

The previous formal supporting outputs of RDA are:

 

1. GORC IG Typology and Definitions

2. The Global Open Research Commons International Model Report

3. A Collection of Crosswalks from Fifteen Research Data Schemas to Schema.org

4. Recommendations for a minimal metadata set to aid harmonised discovery of learning resources

5. Core Characteristics of Learning Resource Collectors

6. 23 Things Physical Samples

7. Models of Data Stewardship Survey Initial Report

8. Models of Data Stewardship Survey Output Data

9. Data Stewardship Landscape Initial Report

10. Data Stewardship Landscape Report Resource Matrix

11. 23 Things: Libraries For Research Data

12. A survey of current practices in data search services

13. Addressing the Gaps: Recommendations for Supporting the Long Tail of Research Data

14. Data Discovery Paradigms: User Requirements and Recommendations for Data Repositories

15. Eleven Quick Tips for Finding Research Data

16. Federated Identity Management for Research Collaborations

17. Income Streams for Data Repositories

18. Matrix of use cases and functional requirements for research data repository platforms

19. Persistent identifiers: Consolidated assertions

20. Research Data Repository Interoperability Primer

21. Summary of Virtual Layer Recommendations

22. WDS/RDA Assessment of Data Fitness for Use

23. Engaging Researchers with Data Management: The Cookbook

24. Tromsø Recommendations for Citation of Research Data in Linguistics

25. Principles and Best Practices in Data Versioning for all Data Sets Big and Small

26. Compilation of Data Versioning Use Cases from the

27. Top 10 FAIR Data & Software Things

28. RDA COVID-19 WG Zotero Library

29. Persistent Identification of Instruments

30. Sharing COVID-19 Epidemiology Data

31. Developing a Research Data Policy Framework for all Journals and Publishers

32. Use Cases and Identifier Schemes for Persistent Source Code Information

33. Challenges of Curating for Reproducible and FAIR Research Output

34. Member survey on bridging the gap between funders and communities.

35. Results of an analysis of existing FAIR Assessment Tools

36. RDA & CODATA Legal Interoperability of Research Data

37. Developing a Research Data Policy Framework for all Journals and Publishers

38. Use Cases and Identifier Schemes for Persistent Source Code Information

39. Challenges of Curating for Reproducible and FAIR Research Output

40. Member survey on bridging the gap between funders and communities.

41. Results of an analysis of existing FAIR Assessment Tools

42. RDA & CODATA Legal Interoperability of Research Data

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
Financial review

 

Total income during the period amounted to £494,849 (2023: £665,211) and total direct charitable expenditure amounted to £627,522 ( 2023: £598,865) including expenditure on support and governance costs of £8,805 (2023: £7,335), resulting in a net deficit of £132,703 (2023: net surplus of £66,346). At year end, amounts held in unrestricted reserves were £187,792 (2023: £321,003) and restricted funds were £31,798 (2023: £31,290).

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for a period not less than 12 months. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Reserves Policy

 

The Trustees reserve policy is to hold reserve of one year's anticipate expenditure based on the last Annual Budget.

 

Currently funds are below this level and the Trustees have taken steps to improve this position.

Supplier payment policy

 

The company's current policy concerning the payment of trade creditors is to:

 

Trade creditors of the company at the year end were £nil (December 2023: £15,411).

Structure, governance and management

 

a. Constitution

 

The Foundation is a charitable company limited by guarantee . The company was incorporated under a Memorandum of Association on 1 May 2014 and is a registered charity, charity number 1162762. It received charitable status on 21 July 2015.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Dr J Haga (Resigned 15 May 2024)

Prof. C M B Mederios (Resigned 15 May 2024)

Ms J E Benn

Ms H J Hanahoe

Dr J G Maphanyane

Mr L Wilson

Ms A L Nurnberger

Prof. W Horstmann

Dr J C Bicarregui

Ms S Garavelli (Appointed 20 June 2024)

Dr. M Marques De Barros Cruz (Appointed 16 May 2024)

Dr. P A Munoz Palma (Appointed 16 May 2024)

Dr. M Tanfuji (Appointed 16 May 2024)

Ms E Herczog (Resigned 1 January 2024)

Ms I Dillo (Resigned 1 January 2024)

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -

b. Methods of appointment or election of Trustees

 

The Foundation is governed in accordance with its Articles of Association as a Company limited by guarantee and not having share capital (company number 9021881). The Foundation is governed by its trustees who are also directors of the company and act as the Council for RDA.

 

Council currently consists of nine members who serve rotating three-year terms, so that three members are appointed each year. The RDA legal entity headquarters are hosted by UKRI STFC (Host organisation). The Host Organisation, as outlined in the Memorandum of Understanding, nominates a representative of STFC to be a non-voting consensus forming member of the RDA Council. The main role and responsibility of this representative is to liaise between the Foundation’s hosting organisation and RDA Council to ensure good ethical, financial, legal and organisational conduct of the RDA Foundation in the UK. Furthermore, this representative is a member of the RDA Financial Subcommittee (FSC) to provide access and insights to the financial aspects of the legal entity. Each year, a Nomination Committee appointed by Council determines a slate of three candidates. The slate is presented to the RDA Membership, and the recommendation of the Nomination Committee is either accepted or rejected by simple majority.

 

The RDA Governance Document and RDA Organisational and Process Plan lay out the processes for determining the Nominations committee and Council election and appointment. The documents are available on RDA's website (rd-alliance.org).

 

 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Company Registered Number

09021881

 

Charity Registered Number

1162762

 

Registered Office        

Rutherford Appleton Laboratory

Harwell Oxford

Didcot

Oxfordshire

OX11 0QX

 

Company Secretary

H J Hanahoe

 

Independent Examiner

Fiona Haro CA

Thomson Cooper Accountants

3 Castle Court

Carnegie Campus

Dunfermline

KY11 8PB

RESEARCH DATA ALLIANCE FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
Statement of Trustees' responsibilities

The Trustees, who are also the directors of Research Data Alliance Foundation for the purpose 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 year which give a true and fair view of the state of affairs of the Foundation and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation 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 Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

Dr J Bicarregui
Trustee
18 September 2025
RESEARCH DATA ALLIANCE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF RESEARCH DATA ALLIANCE FOUNDATION
- 8 -

I report to the Trustees on my examination of the financial statements of Research Data Alliance Foundation (the Foundation) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Foundation (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's statement

Since the Foundation’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAS, which is one of the listed bodies.

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 that in any material respect:

1

accounting records were not kept in respect of the Foundation as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

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

4

the financial statements 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 financial statements 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 financial statements to be reached.

Fiona Haro CA
Thomson Cooper Accountants
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB
Dated: 18 September 2025
RESEARCH DATA ALLIANCE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
2
32,249
31,993
64,242
-
0
Charitable activities
3
430,607
-
430,607
665,211
Total income
462,856
31,993
494,849
665,211
Expenditure on:
Charitable activities
4
596,067
31,485
627,552
598,865
Total expenditure
596,067
31,485
627,552
598,865
Net income/(expenditure)
(133,211)
508
(132,703)
66,346
Net movement in funds
6
(133,211)
508
(132,703)
66,346
Reconciliation of funds:
Fund balances at 1 January 2024
321,003
31,290
352,293
285,947
Fund balances at 31 December 2024
187,792
31,798
219,590
352,293

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RESEARCH DATA ALLIANCE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Charitable activities
3
543,805
121,406
665,211
Total income
543,805
121,406
665,211
Expenditure on:
Charitable activities
4
502,228
96,637
598,865
Total expenditure
502,228
96,637
598,865
Net income
41,577
24,769
66,346
Transfers between funds
(6,521)
6,521
-
Net movement in funds
6
35,056
31,290
66,346
Reconciliation of funds:
Fund balances at 1 January 2023
285,947
-
285,947
Fund balances at 31 December 2023
321,003
31,290
352,293
RESEARCH DATA ALLIANCE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
1,874
2,915
Current assets
Debtors
11
41,954
56,121
Cash at bank and in hand
214,649
357,703
256,603
413,824
Creditors: amounts falling due within one year
12
(38,887)
(64,446)
Net current assets
217,716
349,378
Total assets less current liabilities
219,590
352,293
Income funds
Restricted funds
14
31,798
31,290
Unrestricted funds
187,792
321,003
219,590
352,293

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 18 September 2025
Dr J Bicarregui
Trustee
Company registration number 09021881
RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
1
Accounting policies
Charity information

Research Data Alliance Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Rutherford Appleton Laboratory, Harwell Oxford, Didcot, Oxfordshire, OX11 0QX. .

1.1
Accounting convention

The financial statements have been prepared in accordance with the Foundation's Memorandum and Articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Foundation is a Public Benefit Entity as defined by FRS 102.

Research Data Alliance meets the definition of public benefit entity under FRS102. 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.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing the accounts. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Foundation.
1.4
Income
Income is recognised when the Foundation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Foundation has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grant income is recognised by the Foundation when there has been notification of the amount and the settlement date. In the event that a grant is subject to conditions that require a level of performance before the Foundation is entitled to those funds, the income is deferred. If a grant is subject to strict terms as to the use of those funds , the grant is treated as a restricted fund and accounted for accordingly. Where the receipt of grant income is contingent on certain aspects, such that the Foundation does not have full entitlement and is not able to accurately establish measurement of the income, it is disclosed as a contingent asset in the accounts.

RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -

Membership income is recognised in the period to which it relates. Membership income owing to the Foundation at the year end is included in debtors. Different levels of membership attract different fees and carry different rights for the members.

1.5
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.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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

Governance costs are those incurred in connection with administration of the Foundation and compliance with constitutional and statutory requirements.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Foundation reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 14 -
1.9
Financial instruments

The Foundation has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Foundation’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Foundation is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 15 -
1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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
Donations and legacies
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
£
Donations and gifts
32,249
31,993
64,242
-
3
Charitable activities

 

 

2024
2023
£
£

Membership income    

229,129
235,478

Regional Engagement

122,009
137,528

Plenary Income

32,669
23,062
Other income
46,800
269,143
430,607
665,211
Analysis by fund
Unrestricted funds
430,607
543,805
Restricted funds
-
121,406
RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
4
Charitable activities
2024
2023
£
£
Staff costs
194,579
181,603
Depreciation and impairment
1,041
949

Contract costs

200,971
167,820

Travel costs

71,730
85,047

Professional fees

18,089
13,500

Irrecoverable VAT

15,452
13,334

Foreign exchange differences

11,996
11,476

Bank charges

691
551

Sundry costs

35,773
12,742

Website costs

68,425
104,404

Bad Debts

-
104
618,747
591,530
Share of support costs (see note 5)
7,805
6,435
Share of governance costs (see note 5)
1,000
900
627,552
598,865
5
Support costs allocated to activities
2024
2023
£
£
Basis of allocation
Book-keeping
Direct
7,805
6,435
Governance costs
Direct
1,000
900
8,805
7,335
2024
2023
Governance costs comprise:
£
£
Independent examination fees
1,000
900
1,000
900
RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
6
Net movement in funds
2024
2023
£
£
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's accountant for the examination of the company's financial statements
1,000
900
Depreciation of owned tangible fixed assets
1,041
949
7
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Foundation during the year.

The charity consider its key management personnel to be the Trustees and Company. All of the Trustees give their time and expertise without any form of remuneration or other benefit in kind (2023 - £nil). The Company Secretary's costs are recharged from a third party and amounted to £168,734 for the period (2023 - £113,859).

8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Admin staff
3
3
Employment costs
2024
2023
£
£
Wages and salaries
174,194
163,957
Social security costs
16,406
14,434
Other pension costs
3,979
3,212
194,579
181,603
The number of employees whose annual remuneration was more than £60,000 is as follows:
2024
2023
Number
Number
£60,001 to £70,000
2
1
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
10
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024
6,937
At 31 December 2024
6,937
Depreciation and impairment
At 1 January 2024
4,022
Depreciation charged in the year
1,041
At 31 December 2024
5,063
Carrying amount
At 31 December 2024
1,874
At 31 December 2023
2,915
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
22,345
19,637
Prepayments and accrued income
19,609
36,484
41,954
56,121
12
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
15,411
Other taxation and social security
17,777
2,003
Accruals and deferred income
21,110
47,032
38,887
64,446
13
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
3,979
3,212

The Foundation operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Foundation in an independently administered fund.

RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
14
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Restricted - Plenary
31,290
-
(31,290)
-
-
Sarah Jones Award
-
31,993
(195)
-
31,798
31,290
31,993
(31,485)
-
31,798
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Restricted - P20
-
52,332
(21,042)
-
31,290
Restricted - RDA Tiger Fund
-
69,074
(75,595)
6,521
-
-
121,406
(96,637)
6,521
31,290

RDA Tiger Project

For website development

 

RDA P20

For P20 Congress and future plenary meetings.

 

Sarah Jones Award Fund

These funds are dedicated to ‘The Sarah Jones Award for exceptional contribution to fostering collaboration in Open Science‘. These funds are the result of individual and organisation donations towards a fund for an annual award, instituted in 2024, to be given, every 2 years, to a nominee that is recognised for outstanding contribution to Open Science.

15
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
General funds
321,003
462,856
(596,067)
-
187,792
RESEARCH DATA ALLIANCE FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15
Unrestricted funds
(Continued)
- 20 -
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
General funds
285,947
543,805
(502,228)
(6,521)
321,003
16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 December 2024:
Tangible assets
1,874
-
1,874
Current assets/(liabilities)
185,918
31,798
217,716
187,792
31,798
219,590
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 December 2023:
Tangible assets
2,915
-
2,915
Current assets/(liabilities)
318,088
31,290
349,378
321,003
31,290
352,293
17
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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