ASDAN
Company registration number: 03426251
Charity registration number.. 1066927
ASDAN
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024

ASDAN
Contents
Reference and Administrative Details
2to3
Strategic Report
4t014
Trustees, Report
15to25
Independent Auditors, Report
26to29
Statement of Financial Activities
30
Balance Sheet
31
Statement of Cash Flows
32
Notes to the Financial Statements
33to50

ASDAN
Reference and Administrative Details
Trustees
RP Boxer (Chair of Trustees)
BS Doidge (Vice-chair)
MT Curran
JA Diwell
VA FitzGerald
JP Hancock
EM Hogan
J Kaur
K Parasuram
JE Price
PA Scholey (to 23 May 2024)
D Smart
Senior Management I
Leadership Team
M Farnham, Chief Executive Officer (from 10 June 2024)
J Williams, Chief Executive Officer (to 9 June 2024)
G Palmer, Director of Finance and Resources (to 24 May 2024)
J Foyle, Director of Operations
Z Elder, Associate Director - Professional Learning and Innovation
Company Registration Number 03426251
Charity Registration Number 1066927
Solicitors
Harper James Solicitors
Velocity Tower, 1 St Mary's Square
Sheffield
S14LP
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ASDAN
Bankers
HSBC Bank
4th Floor, 3 Temple Quay
Bristol
BS16DZ
Triodos
Deanery Road,
Bristol
BS15AS
Auditor
Milsted Langdon LLP
Chartered Accountants and Statutory Auditor
Freshford House
Redcliffe Way
Bristol
BS16NL
Investment Manager
Investec Wealth and Investment Ltd
Midland House
2 Poole Road
Bournemouth
BH2 5QY
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ASDAN
Strategic Report for the Year Ended 31 March 2024
Foreword
Rik Boxer, Chair of Trustees
We are delighted to publish our annual report for 2023-24.
It has been an important year for the organisation in laying the foundations for future growth and
development. We are feeling the benefit of our investment in research and innovation, which is
starting to shape our offer and re-engage young people with learning. We have continued to
prioritise our relationships with our members to understand their needs and to work with them in
a spirit of collaboration.
The conclusion of the financial year saw the announcement that ASDAN'S Chief Executive,
Jenny Williams, is to depart the charity in June 2024 after almost eight years in post. Jenny has
secured ASDAN'S position during the extreme challenges presented by the pandemic and has
been central to the development of ASDAN'S new education strategy. We are grateful for the
work that Jenny has delivered, and the legacy she has left.
We are delighted to welcome Melissa Farnham as our new CEO as we enter a new and exciting
chapter in ASDAN'S history. We are confident for the future. We have a sound financial base
and a committed staff group. We are clear on the areas that we need to develop further in order
to increase our reach and impact. We are well placed, in a changing educational landscape, to
make a real difference in supporting the aspirations and achievements of a diverse group of
learners.
Introduction
Jenny Williams, outgoing CEO
2023-24 has seen a consolidation of the increase in learner numbers achieved in 2022-23. We
are delighted to celebrate the 43,231 achievements of every one of ASDAN'S learners, be they
on our programrnes or our regulated qualifications.
We particularly appreciate the contribution this year of our international members to ASDAN'S
overall performance. We have valued the growing interest overseas in ASDAN'S signature
curriculum programmes, and how new international members are seeing the benefit of ASDAN
for their learners. The diverse portfolio of ASDAN'S members has enabled us to continue
delivering our popular Gourses while developing a refreshed offer to meet the needs of growing
numbers of learners in the UK with a range of diverse needs.
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ASDAN
We are mindful that in the challenging environment for the education and charity sectors in the
UK, our capacity to hang on to the faith that our work - and critically that of our members - is
making a difference is an important public benefit. Young people's lives and society as a whole
are better as a result of our continued pursuit of a mission to engage, elevate and empower
learners with diverse needs and there is value in our continuing to create space for this vital
charitable mission.
Alongside this, we are fortunate to be investing reserves in research and development to ensure
ASDAN'S future offer is relevant and compelling to UK members. Our updated strategy
identifies the priorities to deliver ASDAN'S, ambition to benefit 48,000 learners by 2027.
The care and commitment of the ASDAN team continues to be an inspiration - it has been a
privilege to work with such a professional and dedicated team. We have organised our staff
base to realise our new strategy and as a foundation for further growth. I wish Melissa Farnham,
ASDAN'S new CEO, every success in securing a sustainable future for this very special charity.
Overvlew of performance April 2023 to March 2024
In the year April 2023 to March 2024, ASDAN recognised the achievements of 43,231 learners.
almost 2,500 more than reported last year.
ASDAN'S income was sustained above the £3m mark, achieving just short of £3,212k, £50k
more than reported last year.
Learner achievement was split in a similar ratio to the previous year, 19 per cent for
qualifications, 81 per cent for programmes - 20 per cent and 80 per cent respectively in 2022-
23.
A significant portion of the growth can be attributed to SEED, who have benefitted from the
relaxing of Covid restrictions in China. over 4,700 more learners in China have completed an
ASDAN course on year. This, however, points to a drop in domestic achievement where nine
per cent fewer learners achieved a programmes outcome and 12 per cent fewer learners
achieved an ASDAN regulated qualification on year.
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ASDAN
3.1 Learner achievement
3.1.1 Qualifications
Despite overall falls in achievement, the number of learners achieving our Entry Level and Level
1 qualifications remains buoyant. This is critically important to ASDAN'S mission to serve
learners with diverse needs and is in line with our forward education strategy - outlined in the
strategic priorities section below.
The drop in achievement was seen most prominently in Level 2 achievement - 41 per cent
fewer learners achieved a Level 2 qualifications outcome compared to 2022-23, and half of
what was achieved in 2021-22. The policy of de-funding post-16 qualifications in England over
the last few years has contributed to the decline in Level 2 qualification achievements. Pre-16,
the Personal and Social Effectiveness qualification, launched in September 2021 has not
achieved the anticipated take up. We have undertaken a thorough evaluation of this
qualification and the learning from this process has significantly informed our future plans
outlined below.
Growth was though achieved through our Level 3 offer, specifically the Extended Project
Qualification undertaken by learners in China, following the relaxation of Covid restrictions.
Learners, achievements: All
Apr 23-
Mar 24
Apr 22-
Mar 23
Apr21.
Mar 22
Apr 20-Mar
21
Learners achieving ASDAN
regulated qualifications at Entry
Level 1-3
3,353
3,472
2,974
3,120
Learners achieving ASDAN
regulated qualifications at Level
1,375
1,487
1,733
1,733
Learners achieving ASDAN
regulated qualifications at Level
1,278
2,180
2,442
2,846
Learners achieving ASDAN
regulated qualifications at Level
863
786
563
427
Full qualification total
6,869
7,925
7,712
8,126

ASDAN
Unit Only
Total
1 ,470
8,339
1,561
9,486
1,481
9,193
1,063
9,189
3.1.2 Programmes
Learner achievement across ASDAN'S range of accredited and non-accredited programmes
continues to grow. Almost 3,000 more learners (eight per cent) achieved a programmes
outcome in 2023-24.
Learners, achievements
Apr 23- Mar
24
Apr 22-
Mar 23
Apr 21- Mar
22
Apr 20- Mar
21
Learners achieving ASDAN
programmes
34,892
32,004
27,837
26,229
Accredited programmes (Preparing for Adulthood, Personal Development Programmes and My
Independence) achievement accounted for 24 per cent of overall programmes achievement.
This surpassed 8,000 learners for the first time in four years, a five per cent increase on 2022-
23. Popular courses in this suite included Towards Independence, part of the Preparing for
Adulthood offer, and the Personal Development Programmes, Bronze Award.
Learners, achievements
Apr 23- Mar
24
Apr 22-
Mar 23
Apr 21- Mar
22
Apr 20- Mar
21
Learners achieving ASDAN
accredited programmes
8,205
7,754
7,547
7,018
The remaining learner achievements for programmes encompass the non-accredited offer-
Short Courses, Lifeskills Challenge and customised accreditation outcomes. These grew by
almost 10 per cent on year. Short Course outcomes represented 77 per cent of non-accredited
programmes outcomes, and 60 % of all programmes outcomes. Popular Short Courses included
Careers and Experiencing Work, Enterprise, and Volunteering.

ASDAN
Learners, achievements
Apr 23- Mar
24
Apr 22-
Mar 23
Apr 21- Mar
22
Apr 20- Mar
21
Learners achieving ASDAN
non-accredited programmes
26,687
24,250
20,290
19,211
Lifeskills Challenge, our dedicated online platform for SEND learners and those facing barriers
to their learning, working from pre-Entry to Level 3, accounts for almost 12 per cent of non-
accredited programmes achievement. Over 3,000 learners achieved a Lifeskills Challenge
outcome, up 14 per cent on the previous year.
Similarly, our Short Courses Online offer also grew, with more than twice as many learners
achieving an outcome on the previous year. While still a small fraction of total Short Course
outcomes (four per cent) the potential for growth in this area will feature in future development
plans.
Around half of all non-accredited programmes outcomes can be attributed to learners
internationally, with particularly high numbers of learners in China achieving an ASDAN Short
Course in 2023-24.
3.1.3 International
With the growth in International Programmes Plus membership across Australia and the UAE
also came a significant increase in the number of international learners achieving an accredited
programme (International Personal Development Programmes and Preparing for Adulthood)
outcome. Almost 30 per cent more international learners achieved an accredited programmes
outcome compared to the previous year.
Qualifications achievements at Entry Level 1 to Level 2 remain low due to only a small number
of international centres being permitted to deliver ASDAN qualifications1 Significant growth, 15
per cent on year, has though been achieved at Level 3 following increased participation in
ASDAN'S Extended Project Qualification (EPQ) by learners in China.
Learners, achievements:
International
Apr 23- Mar
24
Apr 22- Mar
23
Apr 21
Mar 22
Apr 20- Mar
21
Centres in the Cayman Islands, Gibraltar, Geneva and singapore hold a legacy qualifications membership.

ASDAN
Learners achieving ASDAN
accredited programmes
Learners achieving ASDAN
regulated qualifications at Entry
Level 1-3
16,364
11,601
12,031
11,564
14
35
14
19
Learners achieving ASDAN
regulated qualifications at Level 1
28
46
50
Learners achieving ASDAN
regulated qualifications at Level 2
62
100
125
73
Learners achieving ASDAN
regulated qualifications at Level 3
786
672
306
137
3.2 Membership
Following positive growth in 2022-23, we experienced a net deficit of just over 100 members in
2023-24. Domestically, the balance of memberships across the four tiers has remained
consistent on year. Qualifications remains the most popular membership tier (37 per cent), with
Programmes and Programmes Plus membership retaining an equal share (31 per cent each).
Customised numbers remain stable at 44 members, contributing one per cent of overall UK
membership.
International membership has grown on year, with the International Programmes Plus
membership category representing 11 per cent of overall membership (previously 10 per cent).
International Programmes membership remains at one per cent of overall membership.
2023-24
2022-23
2021-22
2020-21
Registered centres in
membership
3,417
3,521
3,458
3,539
We have modified our approach to reporting on membership by excluding the small number of
those who subscribe to our non-member offer, the tier of membership that still enables a centre
to maintain a connection with ASDAN but with access to only a small number of 'off the shelf
courses to purchase. We are therefore now only reporting on centres that pay a membership

ASDAN
fee, covering our Qualifications, Programmes Plus, Programmes, Customised and International
memberships.
3.3 Training
Following year-on-year growth of the webinar offer, whereby educators are trained to deliver
ASDAN courses, 2023-24 was the first year numbers for training fell back on the past trend.
Over 400 fewer delegates undertook training, a quarter fewer than in 2022-23. As we reported
last year, our data shows a blend of existing members retraining staff alongside new centres
exploring our courses. The reduction in Qualifications take up, for which training is mandatory,
may account for some of the decline in delegates trained.
2023-24
2022-23
2021-22
2020-21
Delegates trained
1,266
1,699
1,486
1 ,066
Despite the reduction, delegates continue to rate our training offer highly, with over 90 per cent
feeding back to us that they considered the training very good or excellent. Short Courses, the
Award and Certificate of Personal Effectiveness, Personal Development Programmes, and
Personal and Social Development training courses remain the most popular.
We plan to continue webinars to deliver training on ASDAN courses going fonNard. Despite half
of respondents to the question in our customer survey regarding face-to-face training, who are
based in England and Wales, stating they were likely or very likely to attend training in person,
we do not achieve sufficient delegates to make the offer in central hubs, such as London and
Birmingham, viable. Time out and cost of travel remain barriers to many practitioners.
As we launch our professional learning community (PLC) and identify different ways and
opportunities to bring our members together in the coming years, we will explore alternative
methods for face-to-face engagement, shared learning and peer support., almost two thirds of
respondents to the customer survey stated that they would be interested in opportunities to
share practice and leam from other ASDAN practitioners, a key component of the PLC.
4. Strategic priorities
As reported last year and indicated above, our priority for 2023-24 has been the development of
a renewed education strategy which we launched in autumn 2023.
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ASDAN
The goals of our education strategy are:
the re-development of the personal effectiveness, independent living and employability
skills that underpin ASDAN'S offer;
targeting learners with diverse needs using pedagogy that benefits all.,
ensuring course design is underpinned by clear education and assessment principles that
genuinely engage, elevate and empower.
ensuring a suite of products that provide coherent learning pathways delivered with a
distinctive pedagogy and supported by professional learning;
meeting the diverse needs of learners in mainstream and special schools, alternative
provision and those learning in community and informal settings; and
providing an integrated framework of curriculum programmes and qualifications that
reward progress and achievement.
ASDAN'S refreshed strategic plan sets out the priorities for achieving ASDAN'S educational goals,
with the aim of benefiting 48,000 learners by 2027.
The four strategic areas of focus are:
Product
Membership
Professional Learning Community
Our people, learning and innovation
ASI strategic areas interrelate. The success of the organisation in this strategic period to 2027
will be determined by the cohesion and effectiveness of how we continue to make our products
accessible, quality and impactful; delivered through a membership model that supports our
professional learning community; by a skilled and empowered workforce, enabled to learn and
be creative alongside our members.
4.1 Product
A new product strategy was developed and launched in 2023-24 to provide coherence with the
new education strategy. Significant investment has been made in reviewing the qualifications
offer, including market research to generate evidence and insight from key stakeholders with a
view to ensuring our developments are compelling and relevant to our audiences. A key focus is
the re-development of ASDAN'S signature qualifications in personal effectiveness.
During 2023-24 year we launched Moving On, a course primarily for care leavers making the
transition into adulthood but with wider benefits to young people leaving home for the first time,

ASDAN
following a successful pilot. We have also invested resources in upgrading our popular Towards
Independence course for learners with SEND, due to relaunch in July 2024.
We continue to explore digital opportunities and how we can integrate these positively into our
portfolio-based qualifications offer and enhance the learning and teaching experience across
our programmes.
ASDAN operates in a regulatory environment; It remains to be seen how the post-16 Personal,
Social and Employment qualifications (PSEQ) reforms progress following the outcome of the
general election in July 2024. We are though in a strong position to implement our desired 'slim,
strong spine, of qualifications, complimented by our accessible, quality and impactful
programmes offer.
4.2 Membership
Membership is the gateway to accessing ASDAN'S suite of qualifications, programmes and
courses. By describing our centres in membership as members, we are forming a community,
re-energising the 'N' in ASDAN - network.
The ASDAN membership model, comprising the three main tiers domestically, is scheduled for
review in 2025-26 to acknowledge the changing landscape externally, as well as how we want
to engage our members through our professional learning community.
4.3 Professional Learning Community
ASDAN believes strongly in the provision of professional learning and continuous development
for its staff and the teachers and education professionals delivering our courses.
Alongside our plans to refresh our membership model, we are committed to implementing a
professional learning community model that enables process-level engagement, right through to
collaborative working in the development of new courses and resources. This is how we will
deliver on our vision for ASDAN learners, achievements to be held in high esteem, by valuing
their teachers, and their professional practice, so that the quality of teaching, learning and
assessment on ASDAN courses continues to improve.
We are trialing elements of our professional learning community approach through involving
members in our current learning and innovation projects, including:
establishing a coherent infrastructure to identify and signpost activities for members to
engage in a tailored and diverse offer of training, learning and development opportunities
that has reciprocal benefits for us all.
the re-development of the personal effectiveness, independent living and employability
skills that underpin ASDAN'S offer
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ASDAN
identification of training and development opportunities that support the successful
launch of new courses, programmes and qualifications - guiding our members through
change and improvements.
the re-development of ASDAN'S signature qualifications in personal effectiveness
embedding shared approaches to securing quality within ASDAN'S programmes offer to
establish coherence and consistency across our entire educational offer.
We are also exploring ways to engage more staff in these developments, as part of our
approach to supporting organisational learning (see below).
4.4 Our people, learning and innovation
We have continued to invest in our people through our twice-yearly learning days and
organisational learning programmes as part of our commitment to realising ASDAN'S learning
organisation model.
A new Knowledge and Insights Hub provides a central resource for sector-related news and
information, alongside summaries of learning from events attended by members of staff, and
'learning hour, recordings on new aspects of the ASDAN offer. We have also introduced
coaching opportunities for staff to further their development and support a greater contribution
to our strategic goals and operational priorities.
The 'Love to Learn, fund, a £200 offer to all staff to invest in a course outside of work to further
their personal learning and creativity, has proven extremely popular and has brought staff closer
together through sharing personal interests and experiences.
Trustees have also completed their skills audit and are working through a programme of
continuous improvement. Equality, diversity and inclusion (EDI) will be a whole organisation
(staff and trustees) priority in the coming year.
5. Risk
Trustees continue to monitor the dynamics of the educational, political and international
environment in which ASDAN operates in order to monitor our strategic risks. They make
evidence-infomied decisions about investments of reserves and opportunities to expand our
business and have positive impacts on a greater number of learners.
Trustees regularly review the strategic risk register and believe they have identified the major
risks to ASDAN. As an awarding organisation, our risk registers are also mapped across the
regulator's General Conditions of Recognition.

ASDAN
Risks are mitigated in a variety of ways including the provision of insurance, monitoring and
reporting, making financial provisions, and through the development of contingency plans.
ASDAN'S PARC (Performance, Audit, Risk and Compliance) Committee, a sub-group of the
Board of Trustees led by the vice-chair, takes the lead on reviewing and scrutinising new and
existing risks, reporting back updates and recommendations to the main Board.
6. Finance and supporting services
ASDAN continued to be financially stable in 2023-24. Income increased to £3.2k leading to a
net surplus of almost £891 k.
Ratios for the geographical source of income remain consistent with 2022-23 - 84 per cent of
income derived from UK business compared to 85 per cent the previous year. Of the 16 per
cent achieved internationally, SEED, with whom ASDAN holds a distribution agreement for
delivering our courses in China, accounted for 40 per cent.
Our digital strategy entered its fifth year, with significant developments made to our operating
systems. A significant digital project to move away from traditional servers into the cloud is set
to conclude in early 2024-25. We thank our business partners, Assured Digital Technologies
and Energise Solutions, for their contributions.
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ASDAN
ASDAN
Trustees. Report {including Directors. Report) for the Year Ended 31 March 2024
The trustees, who are directors for the purposes of company law, present the annual report
together with the financial statements and auditors, report of the charitable company for the year
ended 31 March 2024.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
FRS102.
1. Objects
ASDAN'S aim is the advancement of education, by providing opportunities for all learners to
develop their personal and social attributes and levels of achievement through the use and
attainment of ASDAN resources and awards and the relief of poverty, where poverty inhibits such
opportunities for learners.
2. Structure, governance and management
ASDAN is a charitable company limited by guarantee, incorporated on 28 August 1997 and
registered as a charity on 17 December 1997.
The charitable company was formed under a memorandum of association which established the
objectives and powers of the charitable company and it is governed under its articles of
association. These were revised in March 2004 and in September 2016.
The charity's board of trustees has a minimum number of three individuals. Although not stated
in the memorandum and articles of association, the preferred maximum number of individuals is
set at twelve but trustees agree this could be expanded to fourteen to allow for succession
planning in recruiting further Trustees with the necessary skills and expertise. The existing
members of the board appoint new trustees.
The chair and vice chair review the mix of skills among the trustees, identify gaps and undertake
recruitment where necessary, particularly in newer strategy areas. When filling vacancies, the
board takes into account the experience needed to maintain the board's ability to effectively direct
the full range of the charity's activities. The board arranges appropriate induction for any new
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ASDAN
trustee. Inductions involve tailored meetings with key trustees and staff, and review of key
documentation. Trustees undertake an ongoing training programme covering current subjects,
delivered by subject matter experts with opportunities for discussion.
The Board of Trustees meets at least four times a year.
Trustees include education specialists with representation from across the sector, as well as
representatives from a range of industries, with both commercial and charitable experience.
Our Chair of Trustees, Rik Boxer, is a former strategic education leader with considerable
experience in Special Educational Needs and Disability (SEND) and alternative provision. He has
a track record of improving outcomes for underachieving and vulnerable groups.
3. Changes to Trustees
There were four changes to the composition of the Board of Trustees between 1 April 2023 and
31 March 2024..
Chris Smith resigned from the board on 18 May 2023
Jamie Diwell joined the board on 28 September 2023
Elsa Hogan joined the board on 28 September 2023
Dr Dean Smart joined the board on 28 September 2023
A further Trustee resigned after the year end:
Peter Scholey resigned from the board on 23 May 2024
3.1 Board of Trustees
The charity's trustees at the date these financial statements were approved and those who senied
as a trustee in the financial period ended 31 March 2024 are as follows:
Rik Boxer (Chair)""
Education Consultant, former Deputy
Director of Children's Services, Executive
Coach
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ASDAN
Brian Doidge (Vice-chair)
***
Lecturer, Yeovil College. Chair of
Governors, Barwick and Stoford
Community Primary School. Fellow,
Chartered Institute of Marketing. Fellow,
Chartered Management Institute. Fellow,
Institute of Leadership
Marian Curran"
Principal, St Brendan's Sixth Form College.
Trustee, Quantock Education Trust.
Council Member, Sixth Form Colleges
Association. Member, Trust in Learning
Jamie Diwell"
Education Manager, A Wilderness Way
Victoria FitzGerald
***
Director and Financial Consultant,
Briarsmead Ltd. Trustee, Bristol Old Vic
Theatre School (to 12 September 2023).
Member, Trust in Learning (Academies) (to
31 March 2024)
Jemma Hancock
** ***
Head of Strategic HR Business Partnering,
Great Western Railway. Professional
membership, Chartered Institute of
Personnel and Development
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ASDAN
Elsa Hogan
** ***
Fleet and Operations Executive, Rolls-
Royce. Company Director, The Marvellous
HMO. Director, West of England
Aerospace Forum
Jaswinder Kaur".
Education Consultant. Headteacher,
Charlton Park Academy Trust (to 17 May
2023). Trustee, National Association of
Special Schools. Trustee, NAAACE
Dr Kala Parasuram (Dr Kala Parasuram
Shrikanth)
Equity and Inclusion Policy Manager,
International Baccalaureate
***
Jack Price
***
Managing Director for Screening at Citation
Group (from January 2024). Previously
Managing Director of Computershare
Communications SeNices Europe Middle
East and Africa
Peter Scholey."
Former secondary school Headteacher,
Local Authority Officer and Education
Consultant
Dr Dean Smart
***
Senior Lecturer, School of Education and
Childhood, University of the West of
England, Bristol. Trustee, Bristol Area
Quaker Meeting. Chair of Governors,
Holymead Primary School

ASDAN
Chris Smith
** ***
Company Director, Tydi Ltd, Hobbs House
Bakery, Filbert Fine Foods, British Corner
Shop, Just Love Food Co. Council
Member, CBI (resigned from ASDAN board
18 May 2023)
Members of the Performance, Audit, Risk and Compliance Committee
Members of the Education Forum
***
Members of the HR Policy Review Group
3.2 Key Management Personnel
The key management personnel (as defined by FRS 102) are the trustees and the senior
management of the charity. The senior management of the charity (to whom the responsibility for
the planning, directing and controlling of the activities of the charity has been delegated by
trustees) have been as follows during the financial period: the Chief Executive Officer, Jenny
Williams. Operations Director, James Foyle. Finance and Resources Director, Gillian Palmer. and
Associate Director - Professional Learning and Innovation, Zoe Elder. The directors deputise for
the Chief Executive Officer where appropriate. A scheme of delegation is in place to confirm the
responsibilities devolved to the Chief Executive Officer and directors by the board of trustees. The
pay and remuneration of key management personnel is set by the trustees, benchmarked against
posts being recruited locally for similar roles.
3.3 Trustees, selfovaluation
Trustees regularly review their perfomiance against the Charity Code of Governance. Trustees
engaged in a review of board arrangements in 2022-23 and an action plan was approved. The
following actions have been completed:
Trustees and directors, self-evaluation against the Charity Governance Code autumn 2023

ASDAN
Development of a prioritised action plan following the self-evaluation
Provision of a charity finance and governance training session for trustees
Identification of approaches to developing trustees, knowledge and understanding of
ASDAN
Formation of a search committee to lead the recruitment of a new CEO
Planned actions for 2024-25 include:
Trustees, attendance at ASDAN'S whole organisation learning days
Trustees, visit to an ASDAN centre to experience ASDAN'S courses in action
Equality, Diversity and Inclusion development, building on the preliminary action plan
established in 2023-24
Understanding of the political context following the general election in July 2024
Development of an online trustee library
4. Delivering Public Benefit
We continue to pursue our charitable objective..
'ASDAN's aim is the advancement of education, by providing opportunities for all learners to
develop their personal and social attributes and levels of achievement through the use and
attainment of ASDAN resources and awards and the relief of poverty, where povety inhibits such
opportunities for learners,.
Trustees have referred to the guidance from the Charity Commission on public benefit when
reviewing the charity's strategic and business plans and budget.
During 2023-24, we have continued to support learners with diverse needs in response to the
growing educational and social inequalities exacerbated by the exam grades race and amplified
by the Covid-19 pandemic. Evidence indicates it will take ten years to return the attainment gaps
between disadvantaged students and others to pre-pandemic levels. The number of young people
in England only with SEND is over 1.5 million and the complexity of needs and neurodiversity
amongst the young continues to grow.
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ASDAN
Our mission is to engage, elevate and empower young people in greatest need, with a focus on
developing their personal and social skills, qualities and confidence. In 2023-24, we enabled the
achievements of over 43,000 learners, in the UK and internationally.
During 2023-24 we have renewed our education strategy, recognising the decline in the take-up
of our qualifications and programmes in the UK. Trustees have taken a strategic decision to focus
on:
the re-development of the personal effectiveness, independent living and employability
skills that underpin ASDAN'S offer;
targeting learners with diverse needs using pedagogy that benefits all;
ensuring course design is underpinned by clear education and assessment principles that
genuinely engage, elevate and empower.
ensuring a suite of products that provide coherent learning pathways delivered with a
distinctive pedagogy and supported by professional learning.
meeting the diverse needs of learners in mainstream and special schools, alternative
provision and those learning in community and informal settings., and
providing an integrated framework of curriculum programmes and qualifications that
reward progress and achievement.
This decision has been backed by investment from reserves in research and development to re-
develop ASDAN'S signature qualifications in personal effectiveness and to prepare for the
changes in the post-16 personal social and employability qualifications landscape. ASDAN'S
refreshed strategic plan sets out the priorities for achieving ASDAN'S educational goals, with the
aim of benefiting 48,000 learners by 2027.
Meanwhile, ASDAN continues to deliver public benefit by holding faith and space for:
the provision of educational programmes and qualifications that are engaging, motivating
and accessible, specifically to learners with diverse needs aged 11-25, above and beyond
those otherwise available;
opportunities for young people to establish the kinds of connections and solidarity that have
the potential to reduce inequalities and achieve more equitable social outcomes, thereby
benefitting all young people;
evidence from case studies, surveys and evaluations with our members which demonstrate
that participation in ASDAN courses has led to the re-engagement of learners in education,
leading in turn to them progressing to further study, work andlor independent living;
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ASDAN
valuing personal, social and employability skills development. We know the development
and recognition of these skills is vital because:
They are particularly effective in re-engaging young people in greatest need
Strengthening these abilities supports academic and vocational learning
They are especially important for entry level work
They are important for accessing further learning at work
They equip learners with the confidence and qualities to live well and make full use of their
talents and abilities
ASDAN strives to be a values-led learning organisation that exemplifies a commitment to its
mission in its relationships with staff and members. Regular customer and staff surveys monitor
progress toward this ambition.
5. Reserves Policy
As at 31 March 2024, general (uncommitted) funds were £4.45m (2023 - £3.99m), designated
funds were £497k {2023 - £66k). However, £1.7m of the general funds represent tangible assets
and property in the balance sheet, leaving £2.75m of free reserves (2023 - £2.83m).
Our prudent reserves policy is to maintain an accessible financial contingency reserve of £0.75m
plus the level of costs which would be required in the unlikely event of a decision to voluntarily
wind up the company, which as at 31 March 2024 we estimated to be £640k.
The trustees are confident that the £2.75m reserves level is sufficient for current and proposed
levels of activity. Holding £1.36m of reserves over and above the baseline reserves policy of
£1.39m enables the Trustees to prudently and confidently plan ahead to invest in the development
of new and updated products in order to address the existing and emerging needs of those facing
educational and social inequality. Financial plans have been put in place to support investment in
renewing our courses for students, our professional development for teachers, and our overall
profile to secure ASDAN on a course towards stronger ongoing profitability in the coming years
so that the charity can face the future with confidence and support our members to engage,
elevate and empower more young people in need.
In line with best practice guidance, the trustees review the reserves policy every year.
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6. Investment Policy and Performance
A total of £0.86m (2023 £0.75m) is held in business and charity deposit accounts earning
between 0.01 % and 4.69 % interest within the period.
We invest in a managed fund utilising ethical screening. At the end of March 2023 our
investment was valued at £2.09m. The investment income for this fund was £28.8k, and
realised and unrealised profits were £118.6K. At 31 March 2024 the valuation of this fund had
increased to £2.2m.
The charity's PARC committee monitors the performance of the invested assets using defined
criteria, taking ethical considerations into account. The equity and cash asset allocations are
counterbalanced by the sizeable investment property holdings.
7. Staff
We have a paid workforce of 51 full time equivalent staff (2023 49), who are based mainly in
Bristol but also across the UK. The work of the charity is based on the professionalism and
dedication of a committed, hard working group of colleagues, together with our extended team of
external quality assurers and contractors. Our members continue to inspire us all.
ASDAN continues to strive to be an exemplary employer, providing an attractive reward and
recognition package for staff, and a safe, healthy and creative working environment to encourage
learning and innovation.
During 2023-24 we continued our programme of twice-yearly all staff learning days, focusing on
communication and collaboration (April 2023) and our renewed education strategy and strategic
plan (October 2023). These days have been supplemented by the introduction of an
organisational learning programme in 2023-24, and the creation of a pathway towards equality,
diversity and inclusion maturity which will be a whole organisation project in 2024-25, involving
trustees and staff. We are also committed to reviewing our reward and recognition arrangements
in the coming year as part of our plans to be fit for the implementation of our future facing
education strategy.
8. Fundraising
ASDAN currently only fundraises for the charity through grant-making institutions, gifts,
companies and commercial trading. ASDAN adheres to the fundraising code of practice. For the
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ASDAN
year to 31 March 2024 ASDAN received no complaints in relation to its fundraising activities. Via
written policies and training, staff receive guidance regarding Data Protection (including GDPR)
and safeguarding.
9. Statement of Trustee Responsibilities
The trustees (who are also the directors of ASDAN for the purposes of company law) are
responsible for preparing the trustees, report and the financial statements in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. 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 charitable company 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:
select suitable accounting policies and 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 charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charitable company's transactions and disclose with reasonable accuracy at any
time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
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10. Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make
themselves aware of any relevant audit information and to establish that the charity's auditor is
aware of that information, The trustees confirm that there is no relevant information that they know
of and of which they know the auditor is unaware.
11. Reappointment of auditor
Milsted Langdon LLP have indicated their willingness to continue in office and, in accordance with
the provisions of the Companies Act, it is proposed that they be reappointed auditors for the
ensuing year.
The annual report was approved by the trustees of the charity on 19 September 2024 and signed
on its behalf by:....................
R P Boxer (Chair of Trustees)
Trustee
251

ASDAN
Independent Auditor's Report to the Members of ASDAN
Opinion
We have audited the financial statements of ASDAN (the 'charity') for the year ended 31 March
2024, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash
Flows, and Notes to the Financial Statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is United
Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for
the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in the
auditor responsibilities for the audit of the financial statements section of our report. We are
independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt on the
charity's ability to continue as a going concem for a period of at least twelve months from when
the financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
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Other information
The trustees are responsible for the other information. The other information comprises the
information included in the trustees, annual report, other than the financial statements and our
auditor's report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express
any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements, or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Strategic Report and Trustees, Report for the financial year for
which the financial statements are prepared is consistent with the financial statements" and
the Strategic Report and Trustees, Report have been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in
the course of the audit, we have not identified material misstatements in the Strategic Report
and the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees remuneration specified by law are not made., or
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ASDAN
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the
small companies, regime and to take advantage of the small companies, exemption in
preparing the directors, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statements of trustees, responsibilities (set out on page 23), the
trustees (who are also the directors of the charitable company for the purposes of company law)
are responsible for the preparation of the financial statements and for being satisfied that they
give a true and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
In identifying and assessing risks of material misstatement in respect of irregularities, including
fraud, the audit engagement team:
obtained an understanding of the nature of the industry and sector, including the legal
and regulatory framework that the company operates in and how the charitable
company is complying with the legal and regulatory framework.,
inquired of management, and those charged with governance, about their own
identification and assessment of the risks or irregularities, including known and actual,
suspected or alleged instances of fraud;
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• ¢ ASDAN
discussed matters about non-compliance with laws and regulations and how fraud
might occur including assessment of how and where the financial statements may
be susceptible to fraud.
However, it is the primary responsibility of management, with the oversight of those charged
with governance, to ensure that the entity's operations are conducted in accordance with the
provisions of laws and regulations and for the prevention and detection of fraud.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at.. h￿tt l/www.frc.or
.uklauditoi-sres
-J_onsibili:.ie%. This
description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that
we might state to the charitable company's members those matters we are required to state to
them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the charitable company and its
members as a body, for our audit work, for this report, or for the opinions we have formed.
lan Lloyd (Senior Statutory Auditor)
For and on behalf of Milsted Langdon LLP, Statutory Auditor
Freshford House
Redcliffe Way
Bristol
BS16NL
Date:.......
291

## > < ASDAN 

## **Statement of Financial Activities for the Year Ended 31 March 2024** 

## **(Including Income and Expenditure Account)** 

||||||**Designated**|**Year ended**|**Year ended**|
|---|---|---|---|---|---|---|---|
|||||**Unrestricted**|**funds**|**2024**|**2023**|
|||**Note**||**£**|**£**<br>**£**|**£**|**£**|
|**Income and Endowments from:**||||||||
|Charitable activities||3||3,086,822|-|3,086,822|3,063,113|
|Investment income||4||111,388|-|111,388|95,097|
|Other income||||13,877|-|13,877|4,500|
|Total income||||3,212,087|-|3,212,087|3,162,710|
|**Expenditure on:**||||||||
|Charitable activities||5||(2,873,587)|(119,196)|(2,992,783)|(3,007,989)|
|Total expenditure||||(2,873,587)|(119,196)|(2,992,783)|(3,007,989)|
|Gains on investment assets||10||671,592||671,592|(103,999)|
|Net income/(expenditure)||||1,010,092|(119,196)|890,896|50,722|
|Transfers between funds||||(550,000)|550,000|-|-|
|Net movement in funds||||460,092|430,804|890,896|50,722|
|**Reconciliation of funds**||||||||
|Total funds brought forward||||3,994,551|66,123|4,060,674|4,009,952|
|Total funds carried forward||15||4,454,643|496,927|4,951,570|4,060,674|



There were no other gains or losses other than those stated above. 

All of the charity's activities derive from continuing operations. 

**30** | P a g e 



ASDAN
(Registration number: 03426251)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment properties
Listed investments
660,941
1,042,500
2,214,773
3,918,214
670,391
490,000
2,091.167
3,251,558
10
Current assets
Stocks
Debtors
Cash at bank and in hand
118.159
290,117
1,548,023
1,956,299
87,395
455,655
1,241,596
1,784,646
12
Creditors: Amounts falling due within one year
Net current assets
13
922,943
975,530
1,033,356
809,116
Net assets
4,951,570
4,060,674
Funds of the charity:
Unrestricted income funds
General Funds
4,454,643
3,994,551
Designated funds
496.927
66.123
Total funds
4,951,570
4,060,674
The financial statements on pages 30 to 50 were approved by the trustees, and authorised for issue on
and signed on their behalf by:
R P Boxer (Chair of Trustees)
Trustee

ASDAN
Statement of Cash Flows for the Year Ended 31 March 2024
31 March
2024
31 March
2023
Note
Cash flows from operating activities
Net cash incomel{expenditure)
338,396
50,722
Adjustments to cash flows from non-cash Items
Depreciation
Profit on sale of fixed asset
42,283
{491)
36,807
Investment income
(111,388)
(119,865)
148,935
(95,097}
151,341
143,773
Revaluation of investments
Working capital adjustments
Increase in stocks
(Increase}Idecrease in debtors
(Decrease)lincrease in creditors
{30.7641
165,538
{52,588)
{65,389)
1209,243)
4,089
13
Net cash flows from operating activities
231,121
(134,948)
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
Sales proceeds of tangible fixed assets
111,388
(35,631)
3.289
95,097
(34,724}
Purchase of investments
Sale of investments
10
(588,683)
584.943
{178,056)
139,583
Net cash flows from investing activities
75,306
21,900
Net incrèase in cash and cash equivalents
306,427
(113,048)
Cash and cash equivalents at 1 April
1,241,596
1,354,644
Cash and cash equivalents at 31 March
1,548,023
1.241,596
All of the cash flows are derived from continuing operations during the above two periods.
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Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is incorporated in England and Wales as a company limited by guarantee. and consequently does not
have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the
charity in the event of liquidation.
The address of its registered office is..
Wainbrook House
Hudds Vale Road
St George
Bristol
BS5 7HY
2 Accounting policies
Summary of signtficant accountlng policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial stat8m8nts are set oul below. These
policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordanc@ with Accounting and Reporting by Charities: Statement
of Recommend@d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (affective 1 January 2019> - (Charities SORP (FRS
102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and the Companies
Act 2006.
Basis of preparation
ASDAN meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at
historical cost or transaction value as modified for certain fixed assets as well as certain financial assets and liabilities
as stated in the relevant accounting policy notes.
Golng concern
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 the foreseeable future. Thus the trustees conlinue to
adopt the going concern basis of accounting in preparing the financial statements.
Income and endowments
All income is included in the statement of financial activities when the charity is entitled to the income, the receipt is
probable, and the amount can be measured with sufficient reliability.
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Notes to the Financial Statements for the Year Ended 31 March 2024
Monies received from training organisations are accounted for by the charity when receivable.
Where income is received specifically for expenditure in a future accounting period, that amount is deferred.
Investment income is accounted for on an accrual basis.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure
heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings,
they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the
basis of time spent, and depreciation charges allocated on Ihe portion of the asset's use.
Other support costs are allocated based on a percentage of income.
All resources expended are inclusive of irrecoverable VAT.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for
ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories based on a percentage of
income.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements.
including audit, strategic management and trustees. meetings and reimbursed expenses. These have been allocated
to Charitable activities.
Taxation
The charity is exempt from corporation tax to the extent that any other income or gains are applied in furtherance of
the charitable objectives.
Tangible fixed assets
Tangible fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Depreciatlon and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows:
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Notes to the Financial Statements for the Year Ended 31 March 2024
Asset class
Freehold land and buildings
Fixtures and fittings
Computer equipment
Depreciation method and rate
2 % straight line
200/0 Straight line
20-33 % straight line
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If such an indication exists, the
recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Investment propertles
Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined when deemed necessary by the trustees, who appoint external valuers accordingly. The valuers use
observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific
asset. Changes in fairvalue are recognised through the Statement of Financial Activities. Where the change in market
value is assessed by the trustees to be insignificant to the carying value, no changes are made.
Fixed asset investments
Fixed asset investments are included at market value at the balance sheet date. R8alised gains and losses on
investments are calculated as the difference between sales proceeds and their market value at the start of the year.
ortheir subs8quent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the period and are credited or charged
to the Statement of Financial Activities based on the market value at the period end.
stock
stock is valued at the lower of cost and estimated selling price less costs to complete and sell (NRV), after due regard
for obsolete and slow moving stocks. Cost is determined using the first-in, first-out basis (FIFO).
Trade debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid.
Financial assets are impaired when there is objective evidence that, as a result of one or more events that occurred
after the initial recognition of the financial asset, the estimated future cash flow have been affected. The impairment
loss is recognised in the Statement of Financial Activities.
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Notes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer offunds to a third party and the amount due to settle the obligation can be measured or estimated
reliably. These are normally recognised at their settlement amount after allowing for any discount due.
Financial liabilities are only derecognised when. and only when, the charity's obligations are discharged, cancelled
or expire.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary
assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of
exchange prevailing at that date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the
objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Pensions and other post retirement obligatlons
The charity contributes towards a defined contribution scheme for certain employees and the costs charged in the
financial statements represent the contributions payable by the charity during the period. The scheme assets are
separately administered from the charity.
Certain staff employed by the charity are eligible for membership with the Teachers. Pension Scheme (TPS), which
is now closed to new entrants. This is a multi-employer defined benefit scheme for which insufficient information is
available to enable the charity to identify its share of scheme assets and liabilities. Consequently, contributions to
the scheme are treated as if they were made to a defined contribution plan.
Redundancy pay
Redundancy pay is recognised immediately as an expense when the charity can demonstrate its commitment to
terminate the employment of an employee or to provide termination benefits in accordance with contractual
arrangements. Payments are calculated in accordance with statutory redundancy guidelines published by HM
Govemment.
Other employee benefits
The cost of any unused holiday entitlement is recognised as an expense in the period in which the employees service
is received.
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Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from charitable activities
Year ended
2024
Year ended
2023
Customer support
Accreditation
Publishing & development
Promotional activities
1,378,481
869,815
533,341
305,185
3,086,822
1,377,757
793,227
540,368
351,761
3,063,113
All income recognised within this classification in the current and preceding financial period is accounted for in
unrestricted funds.
4 Investment income
Year ended
2024
Year ended
2023
Interest receivable and similar incom8
Income from rents
41,639
69,749
111,388
22,772
72,325
95,097
All income recognised within this classification in the current and preceding financial pertod is accounted for in
unrestricted funds.
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Notes to the Financial Statements for the Year Ended 31 March 2024
5 Expenditure on charitable activities
Year ended
31 March
2024
Unrestricted funds
Designated
General
Customer and centre support
Accreditation
Premises and publications
Marketing and communications
Property development and maintenance
Management and admin
Information technology
Design and product development
Sales and relationship management
Future investment in innovation {includes £104k staff costs)
Investment in Future Products
146,612
248,544
543,377
160.517
146,612
248,544
543,377
160,517
7,257
728,031
429,788
165,821
450,897
109,179
2,760
7,257
728,031
429,788
165,821
450,897
109,179
2,760
119,196
2,873,587
2,992.783
Year ended
31 March
2023
Unrestricted funds
Designated
General
Customer and centre support
Accreditation
Premises and publications
Marketing and communications
Property development and maintenance
Management and admin
Information technology
Design and product development
Sales and relationship management
Transition to outsourcing of printer activity fund
Professional Learning Communities fund
126,520
365,094
537,031
118,812
126,520
365,094
537,031
118,812
1,830
786,907
374,188
88,338
499,401
67,102
42,766
3,007,989
1,830
786.907
374.188
88,338
499.401
43
16
67,059
42,750
111,639
2,896,350
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Notes to the Financial Statements for the Year Ended 31 March
Governance
costs Support costs
Year ended
2024
Year ended
2023
Basis
Staff costs
Depreciation
Training
Computer and IT costs
Communications
Premises
Legal & professional
Insurance
Other management and
admin
Post, stationery and admin
Audit and accounting
1,894,112
42,283
10,757
140,487
55,704
74,835
25,656
24,103
1,894,112
42,283
10,757
140,487
55,704
74,835
25,656
24,103
1,900,353
36,807
1,882
53,699
57,232
72,750
42,786
20.227
37,202
113,771
37,202
113,771
15.465
2,434,375
220,584
133,107
12,992
2,552,419
15,465
15,465
2,418,910
Basis of allocation
Reference
Method of allocation
yo of income
Directly attributable
6 Net ineomlng resources
Net incomingl(outgoing) resources for the year include:
Year ended Year ended
31 March
31 March
2024
2023
Depreciation of fixed assets
Fees payable to the charitable company's auditor - Audit
Rentals payable under operating leases
42,283
15,465
36,807
12.992
121,455
7 Trustees, remuneration and expenses
During the year the charity made the following transactions with trustees..
£1,419 (2023- £1,177) of expenses were reimbursed to 512023: 4) trustees during the year.
No trustees. nor any persons connected with them, have received any remuneration from the charity during the year.
391.age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Staff costs
The aggregate payroll costs were as follows..
Year ended
31 March
2024
Year ended
31 March
2023
Staff costs durlng the year were:
Wages and salaries
Social security costs
Pension costs
1,677,780
170,292
149,806
1,997,878
1,578,767
168,714
152,871
1,900,352
During the year, no members of staff (2023 - 1) received any £ ex gratia in termination payments (2023 £22,167) in
compensation for loss of office.
Th6 monthly average number of persons (including senior management team) employed by the charity during the
year expressed as full time equivalents was as follows..
Year ended
31 March
2024
No
Year ended
31 March
2023
No
Customer and centre support
Management and admin
Design and product development
Information technology
Premises and publishing
Accreditation
Marketing and communication
Sales and relationship management
12
10
51
10
49
The number of employees whose annualised emoluments fell within the following bands was..
Year ended
31 March
2024
No
Year ended
31 March
2023
£60,001- £70,000
£70,001- £80,000
£80.001- £90,000
£90,001- £100,000
401: age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
During the year, remuneration to key management personnel amounted to £273,773 (2023 - £282,197).
The trustees consider that key management personnel comprise of..
Chief Executive Officer
Director of Finance and Resources
Director of Membership and Marketing
Associate Director of Professional Learning & Innovation
Contributions totalling £61,592 (2023 £59,201) were made to defined contribution pension schemes on
behalf of employees whose emoluments exceed £60,000.
9 Tangible fixed assets
Freehold land
and buildings
Fixtures and
flttings
Computer
equipment
Total
Cost
At 1 April 2023
Additions
862,608
129,096
4,138
279,727
31.493
(3,682}
1,271,431
35.631
(3.682)
Disposals
At 31 March 2024
862,608
133,234
307,538
1,303,380
Depreciation
At 1 April 2023
Disposals
233,436
125,896
241,708
(884)
601,040
(884)
Charge for the period
17,252
2,823
22,208
42,283
At 31 March 2024
250,688
128,719
263,032
642,439
Net book value
At 31 March 2024
611,920
4,515
44.506
660,941
At 31 March 2023
629,172
3,200
38,019
670,391
41 |
age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March
10 Fixed asset investments
31 March
2024
31 March
2023
Investment properties
Listed investments
1,042.500
2,214,773
490,000
2.091,167
2,704,773
2,581,167
Investment propertles
Investment
properties
Cost or Valuation
Opening balance at 1 April 2023
Revaluation
490,000
552,500
Closing balance at 31 March 2024
1,042,500
Net book value
At 31 March 2024
1,042,500
At 31 March 2023
490,000
The investment property is included in the balance sheet at the fair value as at 31 March 2024. The fair value was
arrived at on the basis of a valuation carried in 2024 by Burston Cook.
Listed investments
Total
Cost or Valuation
At 1 April 2023
Revaluation
Movements on the cash investment in the portfolio
Additions
Disposa15
2,091,167
118,610
1,256
588,683
584,943
At 31 March 2024
2,214,773
421
age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
Net book value
At 31 March 2024
2,214,773
At 31 March 2023
2,091,167
The historic cost of investments at 31 March 2024 amounted to £1,960,217 (2023 £1,991,202).
The fair value of the investment portfolio was determined using quoted market prices. Included within the valuation
of the portfolio was a cash balance of £19,970 at the year end (2023 - £18,714).
Investments held, exceeding 4 % of the portfolio value at 31 March 2023, comprise of..
UK(Govt of) 0.5°/o Bds 3110112029 GBP1000
Abrdn Oeic V Abrdn Sht Dur Gbl Inflation Lkd Bd
11 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
other debtors
242.390
47,727
353.302
82,526
19,827
455.655
290,117
Trade debtors are stated after provision for impairment of 25,581 (2023 £57,994).
12 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
132
1,547,891
1,548,023
132
1,241,464
1,241,596
431
age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March
13 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
other creditors
Accruals
Deferred income
80,123
3,492
25,253
55,994
758,081
922,943
69,572
64,513
25,888
53,339
762,218
975,530
2024
2023
Deferred income at 1 April 2023
Resources deferred in the period
Amounts released from previous periods
762,218
857,584
861,720
726,712
762,218
726,712
Deferred income at period end
758,082
762,218
14 Penslon obligations
The employees of the charity belong to two principle pension schemes: The Teachers, Pension Scheme, a multi-
employer defined benefit scheme, for academic and related staff., and an independently administered defined
contributory pension scheme.
There were no outstanding or prepaid contributions at either the beginning or the end of the financial period in respect
of the independently administered defined contributory pension scheme.
441.age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
Teachers. Pension Scheme
The Teachers, Pension Scheme (TPS) is a ststutory, contributory, defined benefit scheme, governed by the
Teachers, Pension Scheme Regulations 2014. Membership is automatic for teachers in academy trusts. Ail
teachers have the option to opt-out of the TPS following enrolment. 61
The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of
salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public
funds provided by Parliament.
Valuation of the Teachers, Pension Scheme
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in
accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by
HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed
appropriately and the review specifies the level of future contributions.
Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and
many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation
report was published by the Department for Education on 27 October 2023, with the SCAPE rate, set by HMT.
applying a notional investment return based on 1.7 % above the rate of CPI. The key elements of the valuation
outcome are..
Employer contribution rates set at 28.680/0 of pensionable pay (including a 0.08°/o administration levyl. This
is an increase of 5 /0 in employer contributions and the cost control result is such that no change in
member benefits is needed. Employer contribution rates during the year to 31 March 2024 were 23.680/0 of
pensionable pay.
Total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service
to the effective date of £262,000 million and notional assets (estimated future contributions together with
the notional investments held at the valuation date) of £222,200 million, giving a notional past service
deficit of £39.800 million
The result of this valuation will be implemented from 1 April 2024. The next valuation result is due to be
implemented from 1 April 2028.
The employers pension costs paid to TPS in the period amounted to £27,846 (2023 - £38,144).
451 age

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ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
Unrestricted funds
Unrestricted funds include all funds received and expended in the furtherance of the charity's objects.
Designated funds
The funds of the charity include the following designated funds which have been set aside out of unrestricted
funds by the trustees for specific purposes. All designated funds, with the exception of Ihe financial assistance
fund, are expected to be expended within the next 12 months.
ital strate
fund
Designated for the development of online resources and to increase capacity in order to remain current with
new technologies.
Financial assistance fund
Designated to enhance provision for students following ASDAN programs and qualifications.
Pro
develo
ment and maintenance fund
Designated to provide a fund for major repairs as and when necessary to Wainbrook House (fomi8rly known
as the propety improvement fund}.
Research and develo
ment fund
Designated to fund major development of ASDAN products and services (formerly known as the development
fund).
PSE
ualification develo
ment fund
Designated for the development of a new qualification that launched in September 2021.
Professional Learnin
Communltles fund
Designated for the design and creation of professional learning communities. for the co-creation of future
products and services to fulfil th6 needs of learn8rs.
Develo
ment and Im
rovement of s
stems funds
The new phone system fund, the new finance system fund and the transition to outsourcing of printing activity
fund are all examples of funds set aside for the strengthening of our core systems.
Future Investment In Innovatlon
Designated to fund future innovation and to enhance professional leaming communities.
Investment in Future Products
Designated to fund design and creation of future products.
481Page

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Analysis of net assets between funds
Total funds at
31 March
2024
Unrestricted funds
General
Designated
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
660,941
3,257,273
1,459.372
922,943
660,941
3,257,273
1,956,299
922,943
496,927
Total net assets
4,454,643
496,927
4,951,570
Total funds at
31 March
2023
Unrestricted funds
General
Designated
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
670,391
2,581,167
1,639,694
955,703
670,391
2,581,167
1,705,817
955,703
66,123
Total net assets
3,935.549
66.123
4,001,672
17 Analysis of nét funds
Financing cash
flows
At 31 March
2024
At 1 April 2023
Cash at bank and in hand
1,241.595
306.428
1,548,023
Net funds l (debt)
1,241.595
306,428
1,548,023
Financing cash
flows
At 31 March
2023
At 1 April 2022
Cash at bank and in hand
1,354,644
113.048
1,241,596
Net funds l (debt)
1,354.644
113,048
1,241,596
491 age

ASDAN
Notes to the Financial Statements for the Year Ended 31 March 2024
18 No related party transactlons
The charity received income from charitable activities of £Nil (2023 £Nil} from eli.
trustees through employment or similar governance roles.
connected to the
'ies
None of the trustees concemed were in a position to personally benefit from the transactions, whieh qrose
under a normal business relationship.
The charity incurred expenditure on charitable activities of £Nil (2023 £Nil) from activities connected to the
trustees through employment or similar governance roles. Related parties were connected to trustees of the
charity through employment or similar governance roles. Of these amounts, included within trade creditors at
the period end was £Nil (2023 - £Nil).
None of the trustees concerned were in a position to personally benef5t from the transactions, which arose
under a normal business relationship.
19 FinancSal instrum•nts
Categorisatlon of financlal Instruments
2024
2023
Carrying amount of financial assets
Debt instruments measured at amortised cost
Listed investments measured at fair value
242,390
2.214,773
353.302
2,091,167
Carrylng amount of financlal liabilities
Liabilities measured at amortised cost
140,146
159,973
50IPage