## **Association for Character Education Ltd** 

## **Trustees’ Annual Report 2020 – 2021** 


_Registered Charity Number: 1178166_ 

## **Trustees** 

Gary Lewis, Chair 

Dr Tom Harrison, Secretary 

Professor James Arthur 

Professor Kay Livingston 

Dr Val Corry Geoff Smith Linda Sanders Daniel Wright 

## **Our Aims** 

The Association for Character Education’s mission is to enable individual and societal  flourishing  through  the  development  of  good  character.  People’s decisions, behaviours and actions flow from their character, so we believe that enabling children to develop strong character is integral to enhancing their life and future prospects. Developing strong moral values, civic virtues and habits of service allows children and young people to become successful individuals with a strong sense of civic duty. 

We  deliver  on  our  mission  through  facilitating  and  empowering  a  strong Character Education-based Community of Practice. This Community of Practice is currently made up of a network of 220 schools and organisations striving to embed character and virtue into the heart of everything they do. Our aspiration going forward is significantly expand this network, particularly in Scotland. 

Unlike other subject areas which are taught as a part of curriculum, character needs to be ‘taught’ ‘caught’ and ‘sought.’ This can only be achieved if character and values are woven into all parts of school life.  ACE’s focus is to provide extensive support  to  its  network to  enable  its  members  to  adopt  this 



transformative approach to education. The feedback that we have captured from the schools and organisations we work with, evidences that our unique approach to capacity building and upskilling schools not only works, but creates lasting change.  This  change  extends  to  a  range  of  indicators  which  determine  the success of a school. All schools that place character and values at the heart of what they do experience improved behaviour, increases in staff and student wellbeing, lower staff turnover and improved academic attainment. 

ACE recognises that all schools and character education-based organisations are at a different stage on their journey of embedding character and values into their provision.  ACE  understands  that  the  support  they  require  cannot  just  come centrally from ACE its self. This is why the principle of harnessing the extensive expertise that exists within its community, is so pivotal to our approach. Schools relish the opportunity to learn from other schools. 

## **Governance and Management** 

The Association for Character Education (ACE) is governed by a voluntary board of  trustees,  the  names  of  whom  are  listed  above.  Following  the  transfer  of Character  Scotland  (CS)  assets  to  ACE,  former  CS  trustees  Professor  Kay Livingstone and Dr Val Corry joined the ACE trustee board for a limited period. This period was initially until July 2021, but has been extended to March 2022. Appointing these two former CS trustees to the role of ACE trustees was to help oversee the transition of funds and projects to ACE from CS, as outlined in the Letter of Transfer, which stated the terms and conditions of the transfer of assets for both organisations. The transfer of assets was completed by December 2020. 

The management of ACE operations is led by Tom Haigh, CEO, on a free-lance basis. The contract between ACE and Tom Haigh is renewed on an annual basis by the Trustees. 

## **Activities over the academic year- Sept 2020 – Aug 2021** 

ACE membership has increased significantly over the previous 12 months to 221 members.  This  has  helped  expand  operations  and  increase  self-generated income  from  membership fees,  Kitemark  assessments  and CPD  (professional development  delivered  “live”  and  on  line).  The  organisation  is  focused  on growing a network of 1000 schools and organisations and to support them in adopting a whole-school/organisation approach to developing character. 



## _Kitemarks_ 

Kitemarks are a cornerstone to the ACE offer to its members. They provide; 

- i) A valuable recognition for outstanding practice ii) Are a valuable self-reflection tool for schools and organisations iii) Help ACE identify where best practice exists that can then be shared wider through the annual conference, CPD and beyond. 

- iv) To engage with other expert teachers and leaders in school who can then be recruited to support other schools and the wider work of ACE (including supporting Kitemark assessments.) 

This year 28 kitemarks have been awarded and 6 new Kitemark Assessors have been trained. Having assessors from within the network helps increase capacity so more kitemarks can be undertaken. It also offers a valuable CPD experience for headteachers and other leaders. Resources from all kitemark schools are being requested so they can be shared on the ACE website. This will be available by the end of Sept 2021. 

## _CPD_ 

This is the first full year that ACE has delivered its CPD programme. 12 CPD packages have been sold to individual schools and MATs. Some of the packages have been delivered to up to 7 schools across a single MAT. Our offer has evolved to include supporting schools with the development of a whole-school plan. This has broadened our offer and expanded revenue in this area. 

## Working with Scottish Schools 

The transfer of assets from Character Scotland has given ACE the opportunity to deliver two projects in Scotland. The first was the Inspiring Purpose programme with 85 schools. The second was the delivery of _Scottish School of Character and Values_ training programme. This saw 38 leaders and teachers from 12 Scottish schools attend 4 virtual CPD training sessions. This has laid a solid foundation for the development of a Scottish network of schools of character. £20,000 has also been secured from the Jubilee Centre for Character and Virtue in order to help enable this, including a conference to be held in March 2022. 

. 



ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE REGISTERED NUMBER.
099781(
ENGLISH CHARITY REGISTERED NUMBER..
1178166
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
¢S9]C￿7b1[￿
1111212020
CC•APMIES HOUSE
SCT
#17
CUNNINGHAM GRANT
CHARTEREDACCOUNTANTS

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
REFERENCE AND ADMINISTRATION DETAILS
TRUSTEES
James Arthur
Th(Hnas Hairison
Gary Lews
Linda Sanders
Geoffrey Smrth
SECRETARY
Th￿aS Harrison
COMPANY REGISTERED NUPABER
09978106
CHARITY REGISTERED NUMBER
1178166
REGISTERED OFFICE
175 Holly Lane
Erdington
Birmingham
England
824 9L4
BANKERS
CAF (Charities Aid Foundation)
35 Kings Hill Avenue
Kings Hill
We51 MallirwJ
Kenl
ME194TA
INDEPENDENT EXAMINER
Barry Grant CA
Cunningham Grant
Chartered Accountants
Unit G6
The Granary Business Certre
Cupar
Fife
KY15 5YQ

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
MPANY LIMITED BY
ARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDEO 31 JANUARY 2020
The directors presenl their report and the financLal statements for the year ended 31 January 2020.
STRUCTURE. GOVERKANCE ANO IMNAGEMENT
The Company is constrtuted as a ￿rnpanY limited by guarantee and was incorporated on 30
January 2016. The company was established under a Memorandum of Association, which has
established the obiedwes and powers of the company and is governed by ils Artides of
Association. In the event of the company beiNJ vxjund up. members would be required to
conlnbule an amount nol exceeding £10.
The company became a iegistered charity on 30 April 2018.
The charity is managed by a board of Iiu$tees vtho meet at ￿a$1 a year. This board agree
the accounts and make all decisions about the management of the charity. The charity cuNentty
has no pah¥ slaff.
The directors who served during the year were as
James Arthtsr
Thownas Harrison
Gary Lews
Linda Sanders
Geoffrey Smith
One Ihird of the directors shall retsre from office at the Annual General Meeting. The directors lo
fetire by rotation shall be those vtho have been longest in of1￿e since Ihew last ap￿intMent.
OBJECTIVES AND ACTIVITIES
The chantys objectives a￿ specrftslty restricteil to the folknwng..
To advan￿ education for the public benefrt by developing explicil actmlies and strategbes that
cultivate important character quatrties in chAdren aTrJ young people to contribute to indNidual
and soc*tal fkjurishing.
ACHIEVEMENTS AND PERFORMANCE
The charity awarded 5 Scl)cd of Char8Cter Kitemark awards. The Krtemark is awarded to
schools who can demonstrate a whol&sth¢)ol approach that it is intentional, planned and
Integrated through all areas of the Sch￿1.
A further 5 Schts)Is of Character kitemark assessments are t￿ked. and due lo take place
before the end ol Dec 2020.
ACE has devebped an Inlemaltonal of Character framthvork that provmles the same
level of robustness as the stsndard k((emark but all￿ for sthools to be assessed overseas.
The fiist assessment will take place In November 2020 wrth a school In Saudi Arabia.
Chari(ies and organisations in the ACE nthork feedb*k that there was a demand for a
Kitemaik that can support Iheir sector. In response ACE has run a pilot, vthich has been
Completed with 5 ¢yganis*ions who will be awarded either the Charity of Character Krtemark or
the Company of Character Kilemark. As with the School Krtema¥k, these two new kilemark$
have their o¥¥n rig(￿￿$ frameW(￿k and assessment prccess.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2020
ACHIEVEMENTS AND PERFORMANCE Icontinwjl
The ACE annual conference wll be held in November 2020. bringing together some of the
country's leading figures in character edL￿tIOn and connecling the ACE network.
Following feedback from ACE members. Iwo training programmes lor teachers and leaders
have been designed and are now being delivered In schools. These include How to lead a
school of characterf and 'Hcw to manage behaviour and attitudes through ¢harader.' After its
launch this September rt has been booked to be delivered In 5 schools so far_
In order to support schools on th*rjoumey to beccming a Schod of Character, ACE delivered
Iwo free training webinars to 100 leachets and senior leader5 on hcN4 to take an integrated
approach to character education. so it infomis eVe￿hIng from assembl￿. tutor time,
curriculum. extra-curricular activities. training. parent engagemenl and recruf(ment.
FUTURE DEVELOPMENTS
Folk)wing the dissolution of Character Education Scolland Ltd ICES). rt has been agreed that
approximately £50,000 of funds will be transferred to ACE. This wll fund the delwery of the
Inspiring Purpose programme, a highty su¢¢esslul initiative th* devekJPS character in pupils
through the creation of poster5 Ihal explore the link betweeri character and creating
sustainab￿ fulure. These funds will also alkiw the delivery of a package of support lo 10 Scottish
s¢hods to support them lo become a School of Character.
£20.tXJO has been secured from the Northwoc#J to support the deh'very of the above prograrnme.
No other major futu￿ devekjpments are planned. The charty wll continue lo focus on its core
aclivrties". Schools of Character Kitemark. newsletters. ￿$our￿5 and annual conference.
IWESTMENT POLICY
The chariiy currently does not have an investrnent policy and hobjs all its funds in 8 CAF Bank
account where any spend or movemenl of funds needs to be avthorised.
FINANCIAL REVIEW
At year end the charty had a ba1￿ce of £18.223 {2019 - £18.239) in un￿striCted funds. The
main irtcome this year was fiom membership applution5, Kitemark schools and attendees lo
the annual conference. The main outgoings were outsourced serwces and purchases made to
prepare for and run the conference.
The budget for 201￿20 enabled ACE lo meet the operational commrtments wth limrted space
for development beyoné funded xtivrties. It Is hoped that the success of Ihe conference and
the continued membefship and krtemark applications will help to continue and devek*p the
aims of A$soci*ion for Character Edu¢*ion.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUEDI
R THE YEAR ENDED 31 JANUARY 2020
RESERVE POLICY
The diieetors have not sel out a resefves poly at this ts"me. They do however monitor Ihe level
of reserves held throughoLrt the year. The need for a reserves policy is kept under rewew to
RISK MANAGEMENT
The directors have assessed the risks lo which the eompany is exposed, particularty those
related lo operations and finances of the company.. and are satysfied Ihat systems are in pla
to monitor exposu￿ lo these. Re9ular discussions lo continuously develop our approach to risk
management will result in a risk management register being developed wh￿h will be kept under
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees. who are also the directors of ASS￿latIon For Character Educatson Limiled for the
purpose of company law. a￿ responsible for preparing the Trustees. Report and the finanaal
ststements in accordance wrth appluble ￿ and United Kingdom Accounting Standards
(United Kingdom Gener81ty Accepted Aceounting PraCt￿e).
Company Law requires the trustees to prepare financ￿1 statements for each financial year wh
give a ITue and fair view of the stale of affairs of the charty and of the inci)ming resources and
applKation of resources. including the income and expendrture. of the charrtable company foi that
year.
In p￿Paring these financial ststements, the truslees are required lo".
- select suitable accounting poI￿leS and then appPy them consistenlly.
- ￿Serye the methods and principles in the Charities SORP".
- make judgements and estimates that are reasonable and prudent." and
- prepare the financial stslements on Ihe going concem basis unless rt Is inappropriate to
presume that the charty wll continue in operation.
The trustees are responsible for keeping adequate accounting records that discbse with
reasonable accuracy al any time Ihe financial position of the Chanty and enable them to ensure
that the financial slalements comply wrth the Companies Ad 2006. They are also responsible
foi safeguarding the assets of the charity and hence fof taking reasonable steps for the prevents.on
and detectK)n of fraud ai)d other irregularities.
This report was approved by the board on riii and has been prepared in accordance
with the speckql proviSK￿$ felaling to small companies within Part 15 of the Companbes Act 2006.
Signed on behalf of the L4)ard of trustees
Tcffi Harrison
OIRECTOR

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ASSOCIATION FOR
CHARACTER EDUCATION LIMITED
I report lo Ihe charity trustees on my exwnin*ion of Ihe ￿CoUnts of the ¢cvnpany
for the year ended 31 January 2020 which are set Olrt on pages 6 10 12.
This Tewl is made to the charitrfs trustees. as a bts*. in 8ccordan¢e wrth seclKJn 145 of the
Charities Act 2011. My examination has been undertaken so that I might state to the charitys
Iru51ee5 those matters l am required to state lo them in an independenl examinerfs feport and for
no other purpose. To the fUl￿st exlent permitted by law. I do not accept or assume responsibility to
anyone other than the charity and the ¢harWs trustees. as a b￿, for my examination, for this
report, or for the opinic￿S I have formed.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Company {who are also the directors of the company for the purposes
of company lawl. you are fesponsible for the preparation of the accounts in accordance wrth Ihe
requirements of the CoMpar￿eS Act 20C6 {"Ihe 20(￿ Act'l.
Ha)nng satisfied myself that the accounts of the Company are not required lo be audited for this year
under Part 16 of the 20C6 Act and are e1￿ible for independent examination, l ￿pOrt in respect of my
examinatK)n of your charl￿$ accounts as carried out under section 145 01 the Charities Act 2011
Ilhe 2011 Act.). In caryng out my examinatK)n. I have folkN*d the Directions given by the Charty
Commi5sK)n (under seclion 1451SI(bl of Ihe 2011 Act
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that rKS m*erial matters have c￿e lo my attention
which y￿eS me cause to believe th*..
- the ￿ountIng records were nol kept in accordance with sect￿￿ 386 of the Companies Act", or
- the accounts do not accord ￿1h such records,. or
- the accounts do not cNnpty with the re￿vant accounting requirements under section 396
ol the C¢ynp3nies Act 20(% other than any requirement that the accounts give a 'true and fai
ew which is nol a matter considered as part of an independenl examination.. or
- the accounts have not been prepared in accordance with Ihe Charities SORP IFRS 1021
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn m this rew1 in order to enable a proper understanding of the
accoijnts lo be reached.
BaryGrant CA
Cunningham Grant
Chartered Aceounlanls
Unit G6
The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ

ASSOCIATION F
HARA
TER
OMPANY LIMITED BY GUARANTEE
ATION LIMITED
STATEMENT OF FINANCIALACTfviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2020
Unrestricted Funds
2020
2019
Notes
INCOME FROM..
Charrtable activities
14.637
20,250
TOTAL
OME
14.637
20,250
EXPENDITURE ON
Charrtable activities
14,653
18,495
TOTAL EXPENDITURE
14,653
18,495
NET
EXPENDITURE
llNCOME FOR THE YEAR
1161
1,755
RECON
ILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
18,239
16,484
TOTAL FUNDS CARRIED FORWARD
18,223
18,239
All incoming resources and resources expended deTNe fiom continuing aclwilies.
The statemenl of financial actmties indudes all gains aThJ k)sses recognised in the year.
The notes on pages181 to1121 fomi part of these financial Statements.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31 JANUARY 2020
2020
2019
Noles
RR
NT A
SETS
Oebtors
Bank and cash
181
3,550
21,138
2.400
17.459
24,688
19,859
CREDITORS- amounts due wthin one year
191
6,465
1,620
NET CURRENT ASSETS
18,223
18,239
ND
FTHE
HARITY
Unrestricted Funds
18,223
18,239
18,223
18,239
The company 1$ entitled lo the eXeMptic￿ from the audil requiremenl Contained in secbon 477 of
the Companies Act 2006, for the year ended 31 Jwuary 2020.
The trustees acknowledge their ￿SponsIbl11bes for ensuring that the charty keeps accounting
records which comply with section 386 of the Act and for preparing financlal statemen15 which
give a true and fair view of the slate of affairs of the company as at the end of the financi31 year and
of ils incoming resources and application of resources. including rts income and'expenditure, for
Ihe financial year in accordance with the requirements of sections 394 and 395 and which
otherwise comply wth the Tequiremenls of the CoMpart￿S Act 20(6 relating to financial
statements. so far as applicable to the company.
The members have not required the company lo obtsin arh audit of ils financial statements for the
year in question In accordance Imth section 476.
These fina￿la1 statements have been prepared in ￿rdance wth Ihe promsions apph'cable to
eompanies subject to the small companies regime.
Approved by the board of directors on11 IKNdtJ 7d Lo and sEgned on 115 behalf.
Tom Harrison
DIRECTOR
Company Registration No". 099781C
The notes cffl pages181 to1121 fcvm part of these ffinancia stslements.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COhllPANY
MITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
AN
ARY
111 ACCOUNTING POLICIES
General infom)ali
Association for Character Education Limited 15 a private ctsnpany limrted by guarantee,
incorporated in England and wa￿$. The address of Ihe registered office is 175 Holty Lane.
Erdington, Birmingham. England. B24 9LA.
Basis of preparalion of accounts and sLitemenl of comphance
These financial slalements have been prepared in 8ecordanee V￿th the charitys
memorandum and artides of association, the Ccrtnpanies Act 20[￿ and 'Accounling and
Reporting by Charrties.. Statement of Recommended Practice appI￿able to chanlies prep8ring
their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and
the Republic of Ireland IFRS 1021" _ (Charities SORP {FRS 1021 (effective 1 January 2019).
The financial statemerts are p￿pared in Stell￿g. which is Ihe fuWiDnal Currency of the
charity. Monetary amounts in these financial Statemenls are rounded lo the nearest £.
ASS(￿latIOn For Character Educati￿ Limited meets the definrtion of a benefrt enlty
under FRS102.
The financial statements have been prepared under the historical cost convention.
Going Ccffjcem
These accounts are prepared on the going concern basis. The trustees have a reasonable
expectslion that the chartty will continue in operalional exislence for the foreseeable future.
however. the trustees are aware of certain material U￿rtaInlieS wh￿h may cause doubt c
the charrty's abilrty to conlinue as a going concem.
The principal risk facing the Charrtab￿ company Is its abilty lo generate suff¢ient Income to
cover expenditure incurred in fulfilling the 0￿"ectIveS of the charrtable company The trustees
have remewed the cash p05rtion of the charrtable company and al the dale of signing the
accounts and are satisfied that the chantsble company will be able lo meet all of ￿$
financial commitments as they fall due.
As a consequence the Iruslees believe that the charrtable compary 15 well placed to manage
its financial risks and that the charitable company has adequate reserves to wntinue its
operational existence for the foreseeable fulure. AccordirMJty. the trustees continue to
adopt the going coneem basLS in preparing the &counts.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED 8Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
111 ACCOUNTING POLICIES (continugjl
Cash and cash equrvalents
Cash and Cash equwalents include cash in hand. deposits hekl al call with banks, other
short-term liquid investmenls wfh onginal malurrtie5 of three months or less, and bank
oveTdraft5. Bank overdrafts a￿ shown wrthin borrowings in current liabl1￿.e$.
Income
All ineoming resources are included in the stslement of [￿ancIal actmties when entillemenl
has passed to the Charitab￿ company, rt is probable that the econom￿ benefrts assocLated
wth the transaction will Itrm lo the chantsb￿ company and the amount can be reliably
measured. The following specific policies ale applied lo Part￿UlaT categories of ir￿OMe.
Income fIC￿ donations and grants. includiTrJ capilal grants. is included in In￿Ming resources
when there is ewdence of entitlement. except when éonors specfy that the donations or
grants must be used in future accounting periods, or condrtions are imposed that have to be
fulfilled before the charrtable company is entit￿ lo use such irhcome.
Investment in¢cYne is included ￿en receivable.
Expenditure
Expenditure is included on an accruals basi5 as a Irdbilrty is incurred.
Expenditure is classified under headings of the stalement of financial activities lo wh￿h (t is
reL3ted. Expenditure on charrtable acknvilies includes all cost5 incurred In the delrvery of the
of the chartys a¢twrties and seNies. h includes both costs that can be allO￿ted
directty lo such activrties and those costs of an indirect nature necessary to support them.
DebIc￿S receivable and creditors payable wrthin one year
Deblors and creditors wth no slated interest rate and receivable or payabk within one year
are recorded at transaction prlce. Any losses arising from impairment are recognised In the
in the income and expendrture acclwnt.
Taxation
The company is a ￿gISte￿d chairty and accordin9ty is exempl from taXat￿)n on its income
and gains vtheTe they are applied for charrtable purposes.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 JANUARY2020
111 ACCOUNTING POLICIES (continued)
Disclosure Exemptions
The charity satisfies the cntwia of being a qualty'ng entty as defined in SORP FRS
102 Update Bulletin 1. As such. advantage has been taken of the following
disclosure exemptions.. No cash fl¢)w statement has been presented for the
charitable company.
Fund Accounting
FuThJs held by the company are eilher..
UnrestrKted funds are available for use al the discrelim of the trustees io
further any of the ch*able CLynpan￿S purposes. or
ReSt￿ted funds which are subject to ￿$trict￿)N5 on their use declared by the
donorlsl or through the tem)s of an appeal.
Furthef explanation ol the nature and purFrt)se of each fund is included in the notes.
Critical accounling estimate5 and judgements
In the applicatic￿ of the charitys accounting pOl￿•e$. the trustees are required lo
make judgements. eslimates and assumptions about the carrying amount of assets
and liabilities that are not ￿8￿1￿ apparent from other sources. The estimates and
associated assumptions are based on hisloital experience and clher factors that
ale ConS￿ered to be relevant. A¢lual fesutts may drffer from these estimates.
The estimates and undertw.ng assumptions are ievtewed on an ongoing basis.
Revisions to acc￿nI¥l9 eslimales are recognised in the peric*J in sthich the estimate
is revised ￿ere the revision affects toth current and future pericrfjs.
Unrestricted Funds
2020
2019
121 INCOMING FROM CHARITABLE ACTMTIES
Grants
Memberships
7.500
12.750
14,637
14,637
20,250
Grants received. included in the above. are as fOlkn￿..
Charxter Education Scotland Limrted
10

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY
UARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
1 JANUARY 2020
unrestr￿ted Funds
2020
2019
131 EXPENDITURE ON CHARITABLE ACTIVITIES
Editorial costs
Insurance
Conference costs
Accountsncy fees
Administration cosls
so1￿¥316
Bank charges
Travel
Unpaid memberships ￿tteft off
4.583
2,550
2.618
810
4.675
13
249
1,705
500
810
7,926
574
176
178
5.725
14,653
18.495
suppo.rt costs have not been separ*ely identffied as the diredors consider there is onty one
charitable actwity Therefoie support costs relate wholty lo Ihal activty.
141 NET MOVEMENT OF FUNDS IN THE YEAR
This is slated after charging
Independent examiners fees
810
810
151 STAFF COSTS
No employee received remuneration am￿ntIng to more than £60,000 dunng either year.
161 DIRECTORS, REMUNERATION
The directors are the key managemenl personnel. No directors recewed remuneration.
Tom Harrison, Gary Lews and Geoff Smith were feirnbursed {2020- £212, £827, and £3661
respectNety for day to day running Costs.
2020
2019
181 DEBTORS
Trade debtors
3,550
2.400

ASSOCIATION F
HARACTER ED
COMPANY LIMITED 8Y GUARANTEE
ATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
2020
2019
191 CREDITORS- amounts due within one year
Accruals
6,465
1,620
Unrestricted Funds
2020
2019
1101 ANALYSIS OF NET ASSETS
Current assets
Current IBbilities
24.688
16,465)
19.859
11,6201
As at 31 January 2020
18,223
18,239
Asal
31.01.19
IncoM￿g
resources
Outgoing
resour¢es
Asal
31.01.20
1111 MOVEMENT IN FUNDS
Unrestricted Funds
General fund
18,239
14,637
114,6531
18,223
As*
31.01.18
Incoming
resources
OutgoirKJ
resources
Asal
31.01.19
Unrestricted Funds
General fund
16,484
20.250
{18,4gS1
18,239
1121 LEGAL STATUS OF THE CHARITY
The charity is a wnpany limrted by guarantee wrthout share caprtal. Each member of the
harty has undertaken to contr*Jute an amount not exceeding £10 towards any deficrt arisirvj
in the event of the charty being placed in liquidation.
12

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE REGISTERED NUMBER.
099781(
ENGLISH CHARITY REGISTERED NUMBER..
1178166
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
¢S9]C￿7b1[￿
1111212020
CC•APMIES HOUSE
SCT
#17
CUNNINGHAM GRANT
CHARTEREDACCOUNTANTS

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
REFERENCE AND ADMINISTRATION DETAILS
TRUSTEES
James Arthur
Th(Hnas Hairison
Gary Lews
Linda Sanders
Geoffrey Smrth
SECRETARY
Th￿aS Harrison
COMPANY REGISTERED NUPABER
09978106
CHARITY REGISTERED NUMBER
1178166
REGISTERED OFFICE
175 Holly Lane
Erdington
Birmingham
England
824 9L4
BANKERS
CAF (Charities Aid Foundation)
35 Kings Hill Avenue
Kings Hill
We51 MallirwJ
Kenl
ME194TA
INDEPENDENT EXAMINER
Barry Grant CA
Cunningham Grant
Chartered Accountants
Unit G6
The Granary Business Certre
Cupar
Fife
KY15 5YQ

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
MPANY LIMITED BY
ARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDEO 31 JANUARY 2020
The directors presenl their report and the financLal statements for the year ended 31 January 2020.
STRUCTURE. GOVERKANCE ANO IMNAGEMENT
The Company is constrtuted as a ￿rnpanY limited by guarantee and was incorporated on 30
January 2016. The company was established under a Memorandum of Association, which has
established the obiedwes and powers of the company and is governed by ils Artides of
Association. In the event of the company beiNJ vxjund up. members would be required to
conlnbule an amount nol exceeding £10.
The company became a iegistered charity on 30 April 2018.
The charity is managed by a board of Iiu$tees vtho meet at ￿a$1 a year. This board agree
the accounts and make all decisions about the management of the charity. The charity cuNentty
has no pah¥ slaff.
The directors who served during the year were as
James Arthtsr
Thownas Harrison
Gary Lews
Linda Sanders
Geoffrey Smith
One Ihird of the directors shall retsre from office at the Annual General Meeting. The directors lo
fetire by rotation shall be those vtho have been longest in of1￿e since Ihew last ap￿intMent.
OBJECTIVES AND ACTIVITIES
The chantys objectives a￿ specrftslty restricteil to the folknwng..
To advan￿ education for the public benefrt by developing explicil actmlies and strategbes that
cultivate important character quatrties in chAdren aTrJ young people to contribute to indNidual
and soc*tal fkjurishing.
ACHIEVEMENTS AND PERFORMANCE
The charity awarded 5 Scl)cd of Char8Cter Kitemark awards. The Krtemark is awarded to
schools who can demonstrate a whol&sth¢)ol approach that it is intentional, planned and
Integrated through all areas of the Sch￿1.
A further 5 Schts)Is of Character kitemark assessments are t￿ked. and due lo take place
before the end ol Dec 2020.
ACE has devebped an Inlemaltonal of Character framthvork that provmles the same
level of robustness as the stsndard k((emark but all￿ for sthools to be assessed overseas.
The fiist assessment will take place In November 2020 wrth a school In Saudi Arabia.
Chari(ies and organisations in the ACE nthork feedb*k that there was a demand for a
Kitemaik that can support Iheir sector. In response ACE has run a pilot, vthich has been
Completed with 5 ¢yganis*ions who will be awarded either the Charity of Character Krtemark or
the Company of Character Kilemark. As with the School Krtema¥k, these two new kilemark$
have their o¥¥n rig(￿￿$ frameW(￿k and assessment prccess.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2020
ACHIEVEMENTS AND PERFORMANCE Icontinwjl
The ACE annual conference wll be held in November 2020. bringing together some of the
country's leading figures in character edL￿tIOn and connecling the ACE network.
Following feedback from ACE members. Iwo training programmes lor teachers and leaders
have been designed and are now being delivered In schools. These include How to lead a
school of characterf and 'Hcw to manage behaviour and attitudes through ¢harader.' After its
launch this September rt has been booked to be delivered In 5 schools so far_
In order to support schools on th*rjoumey to beccming a Schod of Character, ACE delivered
Iwo free training webinars to 100 leachets and senior leader5 on hcN4 to take an integrated
approach to character education. so it infomis eVe￿hIng from assembl￿. tutor time,
curriculum. extra-curricular activities. training. parent engagemenl and recruf(ment.
FUTURE DEVELOPMENTS
Folk)wing the dissolution of Character Education Scolland Ltd ICES). rt has been agreed that
approximately £50,000 of funds will be transferred to ACE. This wll fund the delwery of the
Inspiring Purpose programme, a highty su¢¢esslul initiative th* devekJPS character in pupils
through the creation of poster5 Ihal explore the link betweeri character and creating
sustainab￿ fulure. These funds will also alkiw the delivery of a package of support lo 10 Scottish
s¢hods to support them lo become a School of Character.
£20.tXJO has been secured from the Northwoc#J to support the deh'very of the above prograrnme.
No other major futu￿ devekjpments are planned. The charty wll continue lo focus on its core
aclivrties". Schools of Character Kitemark. newsletters. ￿$our￿5 and annual conference.
IWESTMENT POLICY
The chariiy currently does not have an investrnent policy and hobjs all its funds in 8 CAF Bank
account where any spend or movemenl of funds needs to be avthorised.
FINANCIAL REVIEW
At year end the charty had a ba1￿ce of £18.223 {2019 - £18.239) in un￿striCted funds. The
main irtcome this year was fiom membership applution5, Kitemark schools and attendees lo
the annual conference. The main outgoings were outsourced serwces and purchases made to
prepare for and run the conference.
The budget for 201￿20 enabled ACE lo meet the operational commrtments wth limrted space
for development beyoné funded xtivrties. It Is hoped that the success of Ihe conference and
the continued membefship and krtemark applications will help to continue and devek*p the
aims of A$soci*ion for Character Edu¢*ion.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUEDI
R THE YEAR ENDED 31 JANUARY 2020
RESERVE POLICY
The diieetors have not sel out a resefves poly at this ts"me. They do however monitor Ihe level
of reserves held throughoLrt the year. The need for a reserves policy is kept under rewew to
RISK MANAGEMENT
The directors have assessed the risks lo which the eompany is exposed, particularty those
related lo operations and finances of the company.. and are satysfied Ihat systems are in pla
to monitor exposu￿ lo these. Re9ular discussions lo continuously develop our approach to risk
management will result in a risk management register being developed wh￿h will be kept under
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees. who are also the directors of ASS￿latIon For Character Educatson Limiled for the
purpose of company law. a￿ responsible for preparing the Trustees. Report and the finanaal
ststements in accordance wrth appluble ￿ and United Kingdom Accounting Standards
(United Kingdom Gener81ty Accepted Aceounting PraCt￿e).
Company Law requires the trustees to prepare financ￿1 statements for each financial year wh
give a ITue and fair view of the stale of affairs of the charty and of the inci)ming resources and
applKation of resources. including the income and expendrture. of the charrtable company foi that
year.
In p￿Paring these financial ststements, the truslees are required lo".
- select suitable accounting poI￿leS and then appPy them consistenlly.
- ￿Serye the methods and principles in the Charities SORP".
- make judgements and estimates that are reasonable and prudent." and
- prepare the financial stslements on Ihe going concem basis unless rt Is inappropriate to
presume that the charty wll continue in operation.
The trustees are responsible for keeping adequate accounting records that discbse with
reasonable accuracy al any time Ihe financial position of the Chanty and enable them to ensure
that the financial slalements comply wrth the Companies Ad 2006. They are also responsible
foi safeguarding the assets of the charity and hence fof taking reasonable steps for the prevents.on
and detectK)n of fraud ai)d other irregularities.
This report was approved by the board on riii and has been prepared in accordance
with the speckql proviSK￿$ felaling to small companies within Part 15 of the Companbes Act 2006.
Signed on behalf of the L4)ard of trustees
Tcffi Harrison
OIRECTOR

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ASSOCIATION FOR
CHARACTER EDUCATION LIMITED
I report lo Ihe charity trustees on my exwnin*ion of Ihe ￿CoUnts of the ¢cvnpany
for the year ended 31 January 2020 which are set Olrt on pages 6 10 12.
This Tewl is made to the charitrfs trustees. as a bts*. in 8ccordan¢e wrth seclKJn 145 of the
Charities Act 2011. My examination has been undertaken so that I might state to the charitys
Iru51ee5 those matters l am required to state lo them in an independenl examinerfs feport and for
no other purpose. To the fUl￿st exlent permitted by law. I do not accept or assume responsibility to
anyone other than the charity and the ¢harWs trustees. as a b￿, for my examination, for this
report, or for the opinic￿S I have formed.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Company {who are also the directors of the company for the purposes
of company lawl. you are fesponsible for the preparation of the accounts in accordance wrth Ihe
requirements of the CoMpar￿eS Act 20C6 {"Ihe 20(￿ Act'l.
Ha)nng satisfied myself that the accounts of the Company are not required lo be audited for this year
under Part 16 of the 20C6 Act and are e1￿ible for independent examination, l ￿pOrt in respect of my
examinatK)n of your charl￿$ accounts as carried out under section 145 01 the Charities Act 2011
Ilhe 2011 Act.). In caryng out my examinatK)n. I have folkN*d the Directions given by the Charty
Commi5sK)n (under seclion 1451SI(bl of Ihe 2011 Act
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that rKS m*erial matters have c￿e lo my attention
which y￿eS me cause to believe th*..
- the ￿ountIng records were nol kept in accordance with sect￿￿ 386 of the Companies Act", or
- the accounts do not accord ￿1h such records,. or
- the accounts do not cNnpty with the re￿vant accounting requirements under section 396
ol the C¢ynp3nies Act 20(% other than any requirement that the accounts give a 'true and fai
ew which is nol a matter considered as part of an independenl examination.. or
- the accounts have not been prepared in accordance with Ihe Charities SORP IFRS 1021
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn m this rew1 in order to enable a proper understanding of the
accoijnts lo be reached.
BaryGrant CA
Cunningham Grant
Chartered Aceounlanls
Unit G6
The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ

ASSOCIATION F
HARA
TER
OMPANY LIMITED BY GUARANTEE
ATION LIMITED
STATEMENT OF FINANCIALACTfviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2020
Unrestricted Funds
2020
2019
Notes
INCOME FROM..
Charrtable activities
14.637
20,250
TOTAL
OME
14.637
20,250
EXPENDITURE ON
Charrtable activities
14,653
18,495
TOTAL EXPENDITURE
14,653
18,495
NET
EXPENDITURE
llNCOME FOR THE YEAR
1161
1,755
RECON
ILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
18,239
16,484
TOTAL FUNDS CARRIED FORWARD
18,223
18,239
All incoming resources and resources expended deTNe fiom continuing aclwilies.
The statemenl of financial actmties indudes all gains aThJ k)sses recognised in the year.
The notes on pages181 to1121 fomi part of these financial Statements.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31 JANUARY 2020
2020
2019
Noles
RR
NT A
SETS
Oebtors
Bank and cash
181
3,550
21,138
2.400
17.459
24,688
19,859
CREDITORS- amounts due wthin one year
191
6,465
1,620
NET CURRENT ASSETS
18,223
18,239
ND
FTHE
HARITY
Unrestricted Funds
18,223
18,239
18,223
18,239
The company 1$ entitled lo the eXeMptic￿ from the audil requiremenl Contained in secbon 477 of
the Companies Act 2006, for the year ended 31 Jwuary 2020.
The trustees acknowledge their ￿SponsIbl11bes for ensuring that the charty keeps accounting
records which comply with section 386 of the Act and for preparing financlal statemen15 which
give a true and fair view of the slate of affairs of the company as at the end of the financi31 year and
of ils incoming resources and application of resources. including rts income and'expenditure, for
Ihe financial year in accordance with the requirements of sections 394 and 395 and which
otherwise comply wth the Tequiremenls of the CoMpart￿S Act 20(6 relating to financial
statements. so far as applicable to the company.
The members have not required the company lo obtsin arh audit of ils financial statements for the
year in question In accordance Imth section 476.
These fina￿la1 statements have been prepared in ￿rdance wth Ihe promsions apph'cable to
eompanies subject to the small companies regime.
Approved by the board of directors on11 IKNdtJ 7d Lo and sEgned on 115 behalf.
Tom Harrison
DIRECTOR
Company Registration No". 099781C
The notes cffl pages181 to1121 fcvm part of these ffinancia stslements.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COhllPANY
MITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
AN
ARY
111 ACCOUNTING POLICIES
General infom)ali
Association for Character Education Limited 15 a private ctsnpany limrted by guarantee,
incorporated in England and wa￿$. The address of Ihe registered office is 175 Holty Lane.
Erdington, Birmingham. England. B24 9LA.
Basis of preparalion of accounts and sLitemenl of comphance
These financial slalements have been prepared in 8ecordanee V￿th the charitys
memorandum and artides of association, the Ccrtnpanies Act 20[￿ and 'Accounling and
Reporting by Charrties.. Statement of Recommended Practice appI￿able to chanlies prep8ring
their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and
the Republic of Ireland IFRS 1021" _ (Charities SORP {FRS 1021 (effective 1 January 2019).
The financial statemerts are p￿pared in Stell￿g. which is Ihe fuWiDnal Currency of the
charity. Monetary amounts in these financial Statemenls are rounded lo the nearest £.
ASS(￿latIOn For Character Educati￿ Limited meets the definrtion of a benefrt enlty
under FRS102.
The financial statements have been prepared under the historical cost convention.
Going Ccffjcem
These accounts are prepared on the going concern basis. The trustees have a reasonable
expectslion that the chartty will continue in operalional exislence for the foreseeable future.
however. the trustees are aware of certain material U￿rtaInlieS wh￿h may cause doubt c
the charrty's abilrty to conlinue as a going concem.
The principal risk facing the Charrtab￿ company Is its abilty lo generate suff¢ient Income to
cover expenditure incurred in fulfilling the 0￿"ectIveS of the charrtable company The trustees
have remewed the cash p05rtion of the charrtable company and al the dale of signing the
accounts and are satisfied that the chantsble company will be able lo meet all of ￿$
financial commitments as they fall due.
As a consequence the Iruslees believe that the charrtable compary 15 well placed to manage
its financial risks and that the charitable company has adequate reserves to wntinue its
operational existence for the foreseeable fulure. AccordirMJty. the trustees continue to
adopt the going coneem basLS in preparing the &counts.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED 8Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
111 ACCOUNTING POLICIES (continugjl
Cash and cash equrvalents
Cash and Cash equwalents include cash in hand. deposits hekl al call with banks, other
short-term liquid investmenls wfh onginal malurrtie5 of three months or less, and bank
oveTdraft5. Bank overdrafts a￿ shown wrthin borrowings in current liabl1￿.e$.
Income
All ineoming resources are included in the stslement of [￿ancIal actmties when entillemenl
has passed to the Charitab￿ company, rt is probable that the econom￿ benefrts assocLated
wth the transaction will Itrm lo the chantsb￿ company and the amount can be reliably
measured. The following specific policies ale applied lo Part￿UlaT categories of ir￿OMe.
Income fIC￿ donations and grants. includiTrJ capilal grants. is included in In￿Ming resources
when there is ewdence of entitlement. except when éonors specfy that the donations or
grants must be used in future accounting periods, or condrtions are imposed that have to be
fulfilled before the charrtable company is entit￿ lo use such irhcome.
Investment in¢cYne is included ￿en receivable.
Expenditure
Expenditure is included on an accruals basi5 as a Irdbilrty is incurred.
Expenditure is classified under headings of the stalement of financial activities lo wh￿h (t is
reL3ted. Expenditure on charrtable acknvilies includes all cost5 incurred In the delrvery of the
of the chartys a¢twrties and seNies. h includes both costs that can be allO￿ted
directty lo such activrties and those costs of an indirect nature necessary to support them.
DebIc￿S receivable and creditors payable wrthin one year
Deblors and creditors wth no slated interest rate and receivable or payabk within one year
are recorded at transaction prlce. Any losses arising from impairment are recognised In the
in the income and expendrture acclwnt.
Taxation
The company is a ￿gISte￿d chairty and accordin9ty is exempl from taXat￿)n on its income
and gains vtheTe they are applied for charrtable purposes.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 JANUARY2020
111 ACCOUNTING POLICIES (continued)
Disclosure Exemptions
The charity satisfies the cntwia of being a qualty'ng entty as defined in SORP FRS
102 Update Bulletin 1. As such. advantage has been taken of the following
disclosure exemptions.. No cash fl¢)w statement has been presented for the
charitable company.
Fund Accounting
FuThJs held by the company are eilher..
UnrestrKted funds are available for use al the discrelim of the trustees io
further any of the ch*able CLynpan￿S purposes. or
ReSt￿ted funds which are subject to ￿$trict￿)N5 on their use declared by the
donorlsl or through the tem)s of an appeal.
Furthef explanation ol the nature and purFrt)se of each fund is included in the notes.
Critical accounling estimate5 and judgements
In the applicatic￿ of the charitys accounting pOl￿•e$. the trustees are required lo
make judgements. eslimates and assumptions about the carrying amount of assets
and liabilities that are not ￿8￿1￿ apparent from other sources. The estimates and
associated assumptions are based on hisloital experience and clher factors that
ale ConS￿ered to be relevant. A¢lual fesutts may drffer from these estimates.
The estimates and undertw.ng assumptions are ievtewed on an ongoing basis.
Revisions to acc￿nI¥l9 eslimales are recognised in the peric*J in sthich the estimate
is revised ￿ere the revision affects toth current and future pericrfjs.
Unrestricted Funds
2020
2019
121 INCOMING FROM CHARITABLE ACTMTIES
Grants
Memberships
7.500
12.750
14,637
14,637
20,250
Grants received. included in the above. are as fOlkn￿..
Charxter Education Scotland Limrted
10

ASSOCIATION FOR CHARACTER EDUCATION LIMITED
COMPANY LIMITED BY
UARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
1 JANUARY 2020
unrestr￿ted Funds
2020
2019
131 EXPENDITURE ON CHARITABLE ACTIVITIES
Editorial costs
Insurance
Conference costs
Accountsncy fees
Administration cosls
so1￿¥316
Bank charges
Travel
Unpaid memberships ￿tteft off
4.583
2,550
2.618
810
4.675
13
249
1,705
500
810
7,926
574
176
178
5.725
14,653
18.495
suppo.rt costs have not been separ*ely identffied as the diredors consider there is onty one
charitable actwity Therefoie support costs relate wholty lo Ihal activty.
141 NET MOVEMENT OF FUNDS IN THE YEAR
This is slated after charging
Independent examiners fees
810
810
151 STAFF COSTS
No employee received remuneration am￿ntIng to more than £60,000 dunng either year.
161 DIRECTORS, REMUNERATION
The directors are the key managemenl personnel. No directors recewed remuneration.
Tom Harrison, Gary Lews and Geoff Smith were feirnbursed {2020- £212, £827, and £3661
respectNety for day to day running Costs.
2020
2019
181 DEBTORS
Trade debtors
3,550
2.400

ASSOCIATION F
HARACTER ED
COMPANY LIMITED 8Y GUARANTEE
ATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
2020
2019
191 CREDITORS- amounts due within one year
Accruals
6,465
1,620
Unrestricted Funds
2020
2019
1101 ANALYSIS OF NET ASSETS
Current assets
Current IBbilities
24.688
16,465)
19.859
11,6201
As at 31 January 2020
18,223
18,239
Asal
31.01.19
IncoM￿g
resources
Outgoing
resour¢es
Asal
31.01.20
1111 MOVEMENT IN FUNDS
Unrestricted Funds
General fund
18,239
14,637
114,6531
18,223
As*
31.01.18
Incoming
resources
OutgoirKJ
resources
Asal
31.01.19
Unrestricted Funds
General fund
16,484
20.250
{18,4gS1
18,239
1121 LEGAL STATUS OF THE CHARITY
The charity is a wnpany limrted by guarantee wrthout share caprtal. Each member of the
harty has undertaken to contr*Jute an amount not exceeding £10 towards any deficrt arisirvj
in the event of the charty being placed in liquidation.
12