2024-01-31-accounts

ASSOCIATION FOR CHARACTER EDUCATION LIIAITeD COMPANY LIMITED BY GUARANTEE COMPANY LIMITED BY GUARANTEE REGISTERED NUMBER". ENGLISH CHARITY REGISTERED NUMBER.. 1)99781C 1178186 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS

ASSOCIATK)N FOR CHARACTeR EDUCATION LIMITED COMPANY LIMITED BY GUARANTEE Report ol the Trustees Independent Ex8mino¢s Rewrt Statemont ol Financial Aeitvrbe Stat¢m¢nt of Financial Pogth1 Notès to Ihg Finonc¢•I St•temonts 10-18 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS

ASSOCIATION FOR CHARACTER EDUCATION uMifEO COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) The trustees. vtho a￿ ai30 director¥ for th¢ purpo¥¢¥ ol I))M￿nY prwnt thtsir r•p)rt and the finanriol $tatem¢nts for ts year end•J 31 January 2024. Thesa financial stat•monts have been prepared In &ccidaKe wth the aco)unb"w poI￿leS set ¢JJt In note 1 to tho financial stotements and comply wlh th• tharity's mmorandum and art￿•$ ol associabon. lh• C¢Jmp8ni•s Act 2006 and"Accounting and Repodjty ty Charths. Statement of Rec￿nMen￿?￿ Practic8 aP￿iCable to charitses prepanng I￿1r ateounts in accèrdance wilh th• Financi81 Reports'ng Standard applicable in the UK and ts Republ￿ of Ir￿aTra IFRS 1021. las am8nd•d for attount'ng ￿riOdS cornmmdng frem 1 January 20191. 08JecTNes AND ACTrvmE8 There are 3 gnablgrn that all)w ACE to d•lwir on ts to support s¢hoeAs to arn￿ mwnttigfijl ¢haract•r luutign am$ rts n•hvot of schods. Th•M 8r•. Harn•8sin9 the •xt•n•w expoth'M that •lrn• exilts wthin ￿Jr Jch¢Kl$ to 8UPPOrt •rvJ guide othor• on th•ir journoy. 2. Our doge p8rtn8rshp wih th¥worlSl•AdirKJ rw•wch e•ntr•." JU￿1•0 can￿ lor Charaet•r and VIrt￿9 Ot th• University of Birmingham. 8rAur•i our appfo•ch Is Infomied by the la¢￿t re￿•r¢h In char8Ct•r education. 3. Th• prnthcal and th•tsy•ts"cal char•ctsrthwJ expe￿.￿ that wthin our bgod•rshlp d•I￿ry t•om ACHIEVEMENT8 AND PERFORMANCE Purpo Whilst ACE 13 a member¥hp orgarnis#tion. rt 1$ 4180 o Ctynmuntty of Prxbc• kn ￿alle￿ and practidon•rs of character educobon. Ihal s•ws the UK ?Tr# tyortd. H8VINd char•th8r do￿lOpMan1 8nd mor• spaofiully human flour1&hinq as a core purpojg of educat￿rt. ¢s som•thiffj mor8 and mor• ichools are ernbracirg. ACE prothdes th?$? $choolJ wth an und•rntandin9 of how to do this through 8 whdtrschool •ppro•ch. It fv808 togethor outstanding practice frLYn its Ouality Mar Schools, wilh worfd4oadinq rM•arch from lh• Jubikne C￿tr? for Charact•r and VIrtU•8. to thapa Its and 9uk1anco ih•l It wovtyJo• to 118 neknk. O¥•p41•w ACE'S netsyork of schools an(1 organijatiorts ts)ntinu•8 to gr¢)w. Th ¢xgaii8ab"on 16 fftng (aoser to t•cornln9 financially seff-suffic1￿t through the Incorn• rt g•n•rat•8. In ord•r to 9r(rw its c8parity to ¢Jgliver on the Increosin9 gjemand for its ¥ervie•8. th• organisabon draws on oxperencool ￿¥￿er$ its Quality ￿h0o1¥, and its Regional Hub portrnls In particular. This model enabk8s ACE to ac￿¥ high qualty talent In 4 WAY whieh 18 offordab18 and fl•xibl•. Moving fO￿ard ACE'S Regio￿1 Ch•r•¢er Hub Sthoeli wll play #n inportant roki In unlothing for the fvll potsnti•l of the oroanis8tson ond enabling it to deliv8¥ on rts mL$ion. at w￿19. The prewou$ 12 month& hBV8 involved ACE transitioniry away syst8rn5 (based affjund goog￿ sheets) and emtdding ¥ CRM and Intggrated Fin8nc8 System which ￿11 bo central 10 enabling ACE to scala its oper8b"ons. ACE is conlnuing to laoliiate 9re8ter synergy its offer and woth of tho JubA8e Centre. Thi8 ensurej ihat schools utslise Ihe r9$88rch and theory that undtrrpins character e(Iwabon, gmry thgir PTovi¥ion a $troiva8f and more sustsinable foundation. ACE has incorporat•d th• Jubil8e Conire Into its Rowurco$ Portol ond r•ferenc4s the Centre thrO￿hout th• w•b$rt•. particul•rfy its Fr8metyk for SGhiM)Is. M•rnb•r•hlp ACE'$ m•mb•rship has grthvn by 17% kn 420 19 490 m￿be￿8. grtr•Ah continues to be from word of mouth or from schools finding ACE onliw. tkn to constraints in t8paaty. ACE Is unatye to un%Jertake g rnor8 pro-activ• engagement >trategy to secure r￿V memtrs. tjve to ￿nUal increas85 In m•mbership. taking rnore.org0n￿. oppro8th to g¥0￿• has •nsured it iq m¥nw*49.

ASSOCIATION FOR CHARACTER EDUCATK)N LIMITeo COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI R TH ED 31 JANUAR Y 2024 Evonts Followng a large number gf ¢elegates at the Nts¥ember 2022 annual cOnfe￿n(￿ Iovef 200 attendees) It Was dery(led to host a 'north' and a'south, Conferen￿ in 2023. Collecbvoly these tr40 events had over 200 att8nd89$. but hawng a choice of dates and locatsons ensured a better 'ofler' for tnefflbe￿. It also rnade the running of the events more manag¢abie a Sm￿1 le￿. Th15 mc¥S￿ ￿ b81ng replicated a9ain in 2024 with two events already set up. Qu•llty M•rk• Th• Qualty Mark continues to b& an award that the m4onty of member3 ar8 Striwng to work towaryls. In order to retain tre ¢￿IbilIty of the award. ACE has conts"nueil to ensure the standarij of what is required remains high. Ml applicants are rw4uired io cornpbte an applutyon lom) and provid8 an 8vid8nc&ba58 demonstrating h¢iw character is laught caught, '50L4hY within their schod or organisation. Ttrn Oualty Mart applications haven't been tsken forwaftl to the ass8ssm8nt stage as they were noi deemed to be suffvwtty mtsng enough of th8 framework's criteria. ￿1 Itn schods offered iTrdepth fegdbadt an(1 guidan￿ a ￿rtUal meeb"f¥J. In ortjer to Support thern to tcome 'Qualty Mark R8ady' in the fvture. In crfd8r to aY4)aThJ ACE'8 capauty to mget the dem8ThJ ts Ihe Qual￿ Mart ACE has trained ts¥o addibonal L•ad A8s8880r8. Twenty-Two Qualty Marts havo ten awarded thi5 year. CPD ACE cont'nu?$ to delwer CPD to schools arx1 organisabon5. It 15 ahway5 nOb￿a￿e that xhool$ that have received training. and $0 have enga9e# W￿th the pedagoqy theory that underpins character education. have a much morts flourishiTrJ character prcgrarnme assessed for the Qu¥lty Plark. Ro#ourc•J Portal ACE'S Rèsour￿ portal has tKen $19nificantty improved sn ways". il The interface. layoth and search functi￿a￿ty has been ￿gnI￿anIlY re-de$¥Jne(I lo Improve useability. ill The resources tta￿ b￿n ojt dtr￿ so onty those rwJourc8s of th8 highest quality are available. ACE n•w•lgtt•r Follwng feedback frcffj rnembers ACE ho9 reconfigur¢(l rts M￿berS wsSetter. Members ffjptsrd that they prefer less Content on a rn0￿ regular bas¢s. As a re5uK memters ncM recave a short sharp weekly n8wslett8r which untsins a key message about an dsmant of Characier educabcfi an accompanying resource. piece of research or update about a rdate(l eveni Ai these newsletters are stored on the ACE portal for lutur8 r8fer8nce. A regular n8wsbtter also ansur8s mem￿r5 fed 11(8 Ihey are rewmry regU￿r content from ACE. which helps d8V81op a sense of vahJ8 for morffj fortheir rnernbership 18e. R•olonal Charaetsr Hub• ACE'S Regional Charact8r Hub schoo￿ IARCHSI have hosteil a si9nificant arnountof'oxpof￿nCe days. and visits io thèir sehool$. This has teen invaluable in edtjcating and inspinro Olhers In Who￿4¢hO01 character education. Going forward ACE will be constituting the ARCHS as an established group In order to harness the potential of them as a Co1￿¢￿Ve. A vi&on and Strategy has b88n drawn up lor th8 group. wth ￿an8 to rc41 il out in Autuffin 2024. D•v•loping a new CRM Flnanc• ysl•m ACE spent 6 months develcping and IMp￿ments.￿j an integrnted CRM. Finance aTh# payment System. This anows a number of processes lo be automate(I, ¢utbn9 ¢Jovm on administration costs. It has a150 ensured a rnore Integrated approath to rnanagirg mwntershp.

ASSOCIATION FOR CHARACTER EDUCAnON uiirrED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORn RTH ARY P•rnonn•l Torn Haigh wntinu85 to be ACE'S CEO. Ar•Jrow Pellrt w￿) prev￿￿¥￿ Pro￿ded ACE with A(knIn1$trat￿ 3uppJrt as been ffjp￿ced by Lucy Moakes who 1$ employed through Wirta￿ni an a9enGy whth prowdes hgh-qU8Irty mot6 admin SLPPOrt. Gary Lewts, who has prow¢Jed 8thnsNe support to ACE since rts itKepb"on in his rola 8$ Chair. ha8 stspped down ancl will be replace(1 by Chn8 Ctyne. Chn& Ctyne is a Re9ional Director at Unrted Leaming nd fonnalty Pnncipal ot NorthBmpton A¢my. Ihg firJt to havg rK¢ivgd thg Qualty M?rk In 2018. Chr a8 worked con5iSt&ntly wth ACE the Jubibèe C8ntr8 to 8ry6ur8 h15 exportise in char8Cter education bgngfits othors. as 85 his own 5chtsol. As Gary L•¥ws st8P5 Chair he wll focus on continuing to expand the work ol ACE overseas In his ro￿ as ofExtemal Affairs. ACE LS cuntsndy th• polsibility of hiring Ruth Jennings, Deputy Helte¥cher. on a part-b.me basis ty undertake Quality Mark renew￿$. F••dba¢k Irom Ace hhmb•rn 'M8rnbership ofACE is a hand$-tyJ. v•ryprn¢fvul $oyrt• of•dW￿. guld•w •nd ¢l•r th'rnction t&am ol •xpèrts. It off•rs lantash"c n•tMwking and l•aming opp0rtunrt￿S." S•nior L••J•f. Plum• Ac•J•my "Tl)e Qv8lityMath frame¥•tvl¢ ts JYw8th"bly usefvl. Ith&s translomled fftinqs hern.. rt bas us & mandaÉ• to m8k• sur8 Ihet charnchr remwns at ttJ• PJ•wt olov•Wiry do-AMi•t8nt H•adtoKhef. H•nhy 8•nk High Schod 'Thg 1..1 was •bsolutgty in31n￿ent￿l A grnat opwlurnty to r9V￿W everything from pr¢vss to policy, 90￿Mond jnd tèa¢h•ts ro how ro aelually do thv>ys Thèn lh• follow up CPD was inspiring And it mally hèlpèd us d•v•lop • ¢•rnfully pl•nrt•d, ph•s•d wm•eh . H••d1￿Chor. Th ￿r&trO0k School 'The Royional Charactfrf Mubs 8re th6 msl usefvllhinq otsoutlhe ACE 11 helps us mep ourselves 89&lnst the Journey olhersch¢)ols have been on an#hglp$ build¢ryJnortws boyMdch8rxtgrgdu¢olson' Ch¥roctgr L•ad. Stgyning Grarnmar S¢hool Fundlng AGE'8 bccounts 4r• h•allhybvth ov•r É94.OCQ In th• bank. ACE 9•n•r•￿￿ t82.692 through f••8 Ir¢m m•mb•rJhip, th• Ouality Mark •nd CPD. over the •ccounbry period. This is an Incre•￿ of 21% frorn 2023 (which ￿en 29% Incr•8se on SeN4J8￿rated Inccme from 20221. £47.4￿ had been serAJrod frrm external fund8r• Including Northwood Ch•rrt•blo Trust1£20.OC#)l. UnN•rsity o18inniryh•m1£22.4001 •nd Entel•chy A¢•d￿Y1£s.L¥JO1. ACE. expenditurewas up £25.825 comp8red to 2023. Th? m4onty ofthii w•sto cover th• colts oflhe dgvelopment and integration ofACE's new L1at•base ond finarKe syst￿. Sorng ofthe in eyTrJiture due to i•rgerth¥n usual incr￿6￿ In Innotion•ry c•sl•. A mulb.yg8r ￿'d opplution to the GBrfidd ￿ton FOW￿￿ti1)n 1$ to t• lubmit￿d in Auknmn 2024 tts fvnd• to ¥ubgidi89 gxwndi￿r8 eosts for 2025Q6. INVESTMENT POUCY The ¢hanty currenlty does not have an Inv￿lM￿TrI Oicy and hoth 41 it• fvnd• in • CAF B•nk Kcount wher• any spend or rnovement of n￿5 to te authonwj. FINANCIAL REVIEW Th• totgl Incomo for the year vrns £130.281 12023.. E117.2721 and expendrture w•$ £148.813 12023.. £122.7881. The m01n incom¢ this ygar was frcffj rnembershi￿. quality and CPD trainirvJ. Th• main outgoings were in rgsp8Ct of consuttancy and outsourced sery1c￿. At year end Ihe ch8rty h•J a bol•nce of £96.61912023' £114.9711 in unres¢nLe(I funds. RESERVE POLICY The director5 have not s•t eut 8 worvtss policy at this imo. Tly do ho￿ver monrtor the levd of ￿erVeS held throughout the year. The nee(1 for a reser￿ pdi¢y ts kept under re¥k￿ to 8nsvre the charity'8 chBnging rcumstane85 ar8 taken irto counL

ASSOCIATION FOR CMARACTER EDUCATION LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT IINCLUOING DIRECTORS. REPORT) THE YEAR ENDED 31 JANUARY RISK POUCY Th8 directors have assessed the nsk3 to which the c£fflpany Is exposed. parts¢￿arty thoge re18ted to operations and frnanc8s of the cornpany., and are satisfied that $ystom$ aw in plac8 to rnonitor exposure to these. Regular di￿us510ns to continu0L￿1Y devebp our approach to risk manag￿8n1 r8suh in a risk m8nagament register being develop8d whKh will b8 kept undgr revw by th& trustees. STRUCTURe, GOVERNANCE AND MANAGEMEpir The company is congb"tute(1 as a company limited by guaranteè and was irtowrated on 30 January 2016. Thè company was eslabli%hed under a Memorandum of Assixiats"on. wh￿Ch has established the objectives and powers of the cornpany and Is govemed by its Arts¢￿9 ol Assouatson. In the eveni of the company being wound up. m6mbots WOU￿ b8 r8quir8d to contribui8 an not exc88ding £10. Th8 0)mpany b8carne a register8d charity on 30 Apnl 2018. The Diroctors who served duriThJ the year up to the date ol S￿ana￿re of finan￿￿ ytat¢m8nts werg.. Gary Lewis Michael Fullard, Prof Thcmas Linda Sander3 Geoffrey Smth Prof Jamès Arthur, 08E Daniel Vvright Ruth Mccarthy Honor ¥Mlson-Fthher ChaiTFerson Thè company i¥ man89gJ by rts Board of Direclors. meets on a regular l)a519 to digcu5S the ttay to day runniffj of th• eompany. One third of the DIre￿Or5 shall ￿ti￿ Irom office at the Annual General Meeting. Thè 01￿ctorS to rètsre by rotab.on Shall be th¢)s6 hav6 been k)n9est in offic• since ththr last apwntsn•nL R&tirin9 trectors are el￿1b￿ lor re election. The management of ACE owrauons is by Tom Hawh. CEO. ¢n a fro￿ar￿ bas. Th8 Contract betsveen ACE anil Torn ￿aigh is ren8YJ on an annual basis by the Trustees.

ASSOCIATION FOR CHARACTER EDUCATION LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) AN ARY REFERENCE AND ADMINISTRATION INFORMATION Tru•t••• Ch•irper8on Secretary Micha81 Full•r(I Prof Thoma8 Hwrwon Linda Sandera Geofftey Smrth Prof J8m6s Arthur. OBE Daniel Wri9ht Ruth Mccarthy Honor WllofvF￿tc Comp•ny R•gL•i•r•d Numb•r 099781L Charfty R•glt•r•d Numb•r 11781e6 A•gl•t•r•d Offlc• 175 Holy L• Erdiryton Binnirgh¥m Englar*d B24 gLA B•nk•rn CAF le￿11￿•5 FtyJ￿•tKJnl 25 lQ"ryJs Him A¥•nuo ngg Hill 31 M•lli Kent ME194TA Ind•p•nd•nt Ex•rnln•r Bory Grant CA CunnirKJham Grant Ch•rt•r•d Acwjntants Unit Ge Tho Gr¥nary BuJinoM C￿1 Co•1 R￿d Cup•r Fifg KY15 SYQ

ASSOCIATION FOR CHARACTER EDUCAnoN UIIITED COMPANY LIMITED BY GUARANTEE TRUSTEES. REPOR T IINCLUOING DIRECTORS. REPORT) FOR THE YEAR ANUARY 2024 STATeMeNT OF TRUSTEES. RESPONSIBILMES Thtt Trust8es, who are also the directors of Assoriab"on For Character Eljuca￿n Lwnrted for tho purposo of Company Iw, are rospon5i)18 for weparing the Trustees. Report an(1 th¢ financial $¢otements in a¢cor¢an¢e with applica￿8 law and United Aryounting Stsndards IUnite£l Kingdom Generalfy A¢cepteLI Accounb"w Pra¢ti¢el. Company Law requires the twstees to prepare fina￿￿ statements for each financial year which give a true and fair vh8w of the ststg of affairs of fv chanty and of the incoming resourtés and applutson of r8$ourt8s. indudiNJ th• incemè and èxp8nditur8, ol ¢he charrtat48 C￿panY tr Ihai year. In pr8pariThJ th888 financ*al statemenls. thg Tw$tees arg rgwireil to.. select suitab￿ accounting policws aTrd then appty them cO￿lStenty', obs8rv8 th8 m8tltr)d$ and prinf>ple$ in the Chartses SORP". make iudgemonts and 8stirnates that are reasonab￿ and pl￿￿n( stste vthethtrr applicabl& UK Accountsng Slandard5 have teen folby•Rd. S￿￿ect to any rnaterial departures

isclosed and explained in thè finanual statèm8nts." an*Y

p￿pare the finanoal stat￿ents on thtr going conctm basis unltsss it ts in8ppropriattrto prasumethatthe chanty will eontinue In operats'on. The trustees are responsib￿ for k88ping sUffic￿nt accounbThJ records trat are suffiuent to show and explain the and explain the ¢h8nty's tr8n58thons and disdose with re350nabk accuracy at ary time the financial position of the chanty and tsnab￿ thèm to ansurè that the financwl statements compty wth the Cornpanie5 Act 2006. They are also responsib￿ for sbfeguarding the assets of the chanty and hence for tskirMJ reasonatAe steps for th pre￿ntIOn and detoction ol Iraud and tsthw irrngularitiès. This r8POrt was approved by the board on and has been prepargj in ￿C£￿danCe wrth the provisions applicable c(wnpan￿s enb"lJ8d to tho small compani•s èxompbon. Signed on téhalf of Ihe board of thMt¢es. Gary Lews DIRECTOR

ASSOCIATION FOR CHAIiACTER EI)UCATION UMITED COMPANY LIMITED BY GUARANTEE INDEPENOENT EXAMINER'S REPORT TO THE DIRECTORS OF ASSOCIATION FOR CHARACTER EDUCATION LIMITED report to the charity trusteeg on my exarninatrJn of ts occwnts of tho company lor the year ende(J 31 January 2024 which afe Set out on pages 8 to 16. RESPONSIBILMES AND BASIS OF REPORT As tho chaity's tr￿t¥•$ of th• Ccmpany I￿0 also th• diractorn ofth• CAimpany for purpos•8 of company lawl, you are responsib￿ forth• prepar8b.on of Ihe •CCfJJnts in accordance vth the requirwn•nts of the Companie• Act 20061.the 2006 Acri. Having sBtisfi•J mys•lf Iht th• •etsJunts of th• C¢)mpany •r• I￿1 r•)uir•J to b• •Jdrt•d for thii y•aT undor Part 18 ol th• 2006 Act and ar8 •li9ible fof Inclep8ntJ&nt examination, I report in rjspect of my •x•minab"on of your charity's 8ccounts 83 carned out under ¥e¢tyon 145 ol th? Chants"08 Act 2011 I"Ihe 2011 Acfl. In carying out my examinglion. I hav¢ follo￿ th? Dir•chC￿¥ gI￿n by th• Charity ComrnisJb)n (under wth'on 145(Sllbl of th? 2011 This feport is m¥de to the trust￿$. u o t)ty. in g¢c4)rdan¢• with th• t•nns ofmy enggggment. My work h80 been undertakgn 80 that I might $ts18 to the trustees Ihose matt8rd l am required to state to them in an indep8nd8nt •Mamin¢rf$ r•port for no other wrposo. To Iho bJlSosi trxt•nt pomiti•d by law. I do ntst aewt or 9$sMI• re$pon8ibilty to anyone olher than lh• Chanty and th• trusi••¥ for my woth or for doing Ihi$ rèport. INDEPENDENT exAMINER'8 STATEMENT I h•v• compbl¢d my •￿￿￿￿1￿)n. I th•t no mitsn•l m•tt•rn h•v• etrn to my It￿n1th which pl￿# m• CBU8e to t119￿ thot. 1. th• accounts.ng r•cord• w•rn not W in Kcord•nc• th Mcbon 386 01 tINI Comp•ni•• Art or 2. th• accounts do not wpth such rKor(li.' or 3. the accoun15 do not cOM￿Y wth th• rnbvant &￿n￿n0 wuif•n•nts und•r •Klon 396 01 th• Comp•ni•s Act 2oJe other than any requirThnt Ihal thg •¢¢wnts giv• • fail viw not a mitt•r oJn•id•rnd 08 Part of On Independent ex8minaon. or 4. the accounts have not bo•n pmp8r•d In accordan￿ ￿th th• m•lhod• •nd pnnciples of the Statem•nt of R•¢omm•nd•d Pr4ctsc• lor acciJunbn9 •ryJ r•ports'ng by ch•ntio• •ppl¢¢¥t49 to ch•ntioJ pro￿ring th?ir •¢coUn￿ In xcord•nc• wthh the Fin•no81 R•m"n9 Slandard ￿p1￿ble In th• UK Jnd Rgpubli¢ tsf Ir•l•nd IFRS 1021. I hovg no wnoms and h8v• ocross no otPw matters in connects.on wth the ex•min¥tr"on to whlth attention •hould b• drawn in this r•port in order to enabkn • propgr under•¢•ndiry of th• ac¢ount• to t• reached. Borry Grant CA Cunningham Grant Charternd Accaunlants Unit G6. Th• Grnnary Bu8in•ss C•ntr• Co81 Road Cupar Flfe KY15 SYQ Dot•.. 10 oi 2ok*

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ASSOCIATION FOR CHARACTER EDUCATION UMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEEr AT AN ARY 2024 2024 2023 RRENT A ET Debtors Bank and cash 12,687 94.101 10,480 109,444 li￿,788 119,924 - •mounts due within one year 1101 10,169 4,953 ,619 114,971 ReslTi¢l8d Fundi Unreslrictgd Fund5 1121 1121 .619 114.971 96,819 114,971 For the year onded 31 Janaury 2024 the charitsble company was enlitbd lo the ex•mpts'on from audit under $￿t￿n 477 of Ihe Companles Act 2¢X6 r8l*ing lo Small compani•s. The truste08 acknty•A•dg• the foll0v￿ng responsibiliti•s'. 1 the members have nol required the charty to obtain an audit of rt• fin•nci818talèmenti for thè year in question under section 476." 2 the diredors a¢knovAedge their responsibilities for complying %Wth the requir•m•nt8 of Ihe Act wrth re8P•Ct to accounting records and the preparntion of financial stal8m8ntg. The financi818tatem•nt$ havg boen prgparod in accordancè with the pffjw•ion8 applkable to compani•8 subject to the $mall companies regime. Approved by the boorf of directors and 8igned on thèir behall. Gary Lewis DIRECTOR Company Registration No.. 09978106 The r￿leS on page81101 to1161 f￿rn part of these financ￿1 $l•lwnents.

ASSOCIATION FOR CHARACTER EDUCATK>N LIMITED COMPANY LIMITED BY GiIAIIANTEE NOTES TO THE FINANc￿L STATEMENTS 111 ACCOUNTING POUCIES General Infomatsjn & Bas￿ ofA￿￿nts￿J Associat'on for Character Educat￿Tr Ljmrted o o prwat& Com￿nY Iimrtod by guarantee. ncorp)rated In England and Wal8$. Thg ad¢regs of the re913¢ered offic4 o 175 Hdly Lana. Erdiwon. Bimingham, England. B24 9L Th? fin•nc81 $tatsmtsnts of tho thèrrtable company have been prepared In accordanc8 Wlth Accounting and Reporb"ng by Charitss". Stakn7)•nt ol R8c¢)mm￿¢￿o practice ap￿1¢ab￿? to chBnts'85 wepanng thgir a￿Ounts in oc¢ordanrA Ihe Financial Repo￿ng StarvJar(J appl￿ble in tho UK and Republic of Ireland IFRS 1021 lelf8ctsv6 1 January 20191- (charl￿￿$ SORP IFRS1021. tho Financial Roportiry Stanrjard applicab￿ In thè UK and Republic of Ir&land IFRS 1021 and the Companies Act 20(kS The finanrjal &t•iem8nts have b••n pf•par•J under tho h18toncal cost ￿¥￿on. Ther• wgrn no motgn¥l doparturg$ from that standard. The finanaol stat•m•nts am pr•a•nt•d in •t•rting thM'th i• the funcb.cwl oJrrenw of the company and •r• rountjod to th• wr•st £1. Th• ehanty ¢on¥b'lut•s • public ￿l￿fil onbty •$ d•fined by FRS 102. The Significant a¢￿Un￿rKj appld In th• preparabon ol th￿￿ finonri¥l sts1￿￿nts •r• g?t out b•low. Th8s8 pol+0￿ hav• b￿n consist9n￿Y ￿pI￿d to 41 yoars pre￿nted unlgs$ 0therwi￿ Shown. Going Concm Th• Trust••s •r• Mtiifi•d that th• Trust hm 4d8qu8t8 unrestndgd r￿ur￿$ to Contin￿ in opgr4tionl 9xi$t9n￿ for tho fOrem•ab￿ futur•. Th￿. lh• Iiu6t••s continLk• to adopt th• going conc•m balis ol a¢￿Un￿ng In prepann9 Ihe fin8nual Statemen￿. Th• Trust•￿ I￿¥• cons¥J•r•d a wnc¢J 0112 month• trom th• da￿ of approval ol the finOnrj￿ $¢•toments. Di•¢ltsJur• Ex•rnption• Th• th￿ty sbtityfios cnteria of being a qu011￿n9 entyty as defi￿0 In SORP FRS 102 Update Bulktrn 1. Ai iuch. advantaga has teen taken of Ihg di•cknur• •xwnpbons No ￿¥h flow $t•t•rn•nt hai b8•n pr•8tnièd for thè chari1Bb￿ ¢rynpony. Fund A¢¢ounting Unrestrthd fund8 •r• for t th• dAc•￿)n tslth• tnMt•o• in fiJrther#ne• of ih'r d)arit#bb• obje¢¢iveg. Unr•strlct•d induthd d•8ignat•d W￿r0 th• Tru•ttsS, •1 tr•ir di￿r¢￿'¢n, h•vo trèt&d a fvnd for o •pKific purpo•e. R•$tridèd fiJnd$ are subject to SPgafi¢ Cond￿￿$ by (lonor8 as to how they may be used. Furthor explonation ol tho naturo purpose of 1$ indude(l in the notes to thg finanool ststgments. io

ASSOCIATION FOR GHARACTER EDUCATION UMtrED COMPANY LIMITED BY GUAIiANTEE NOTES TO THE FINANCIAL STATEMENTS AR ARY 111 ACCOUNTING POUCIES {tontin￿dI Incomiro R￿ur¢•I Income is rocognised in the attounts the tarty i legalty ont"lJ&J to th• hJnd8. any ￿rtO￿ant c0ndrtic￿ h•wJ Lwn rn•L the wnounts be mo•gur•d rdiabfyf. ts probabL• tmt inccffi• vAlI t• receivod. Caih don8tioM ar• r•cOgnL￿ on ft•Pt. Cth•r donabons •r• r&x•aniJthJ or• tho chirity b￿n notified of the don•ts"on. unless perfomi•n¢x Cond￿"0n$ wuir• d&ferT•I of the 8m¢)unt. Incom• tax recovoraNg in relabon to donob'on8 rgceived undor Gift Aj'd ordogds of covenant N rgcogni8oLI Ot the tym• ol the donp1K￿. R•v•nu• qrnnt8 •r• credthj to th• Incom• •TrJ ex￿TraitUrn •cctyJnt in tho p•ncJ to vthleh th•y r•lth. C¥pital grants org r?￿gni￿o{l in thg State￿￿nt ol Finono81 Arlmbgj •• ¥ fvnd when they are r•¢•1Vab￿ using th• "parfom)anc• model" in 8CCOfdanc• with tho SORP. Thè fvnd$ will té wdu¢•d ov•r tm ui•hl •eonomK Ill• ol th• ass•t in h"n• rti d•prnciab)n. Exp8rrtJitur• Exp8nditure, indudin9 grants in fv folm of Support and to indmdualj ond th•ritabl• in$titubon$, i• •ccounted for on jn ¥c£rual¥ b4?1• orJ t•gn da8¥iW ￿n￿r l￿ath'ngty Ihat aggrggjtg 011 r•l#t•d to th• e8ts90ry. Expgndilyr• in¢lud•s ony VAT ¢•nn￿ b• fulty rw)bw•d and * r¥￿r￿ 08 p•rt ofth• •xpondKur• to rt rglptgj. chadt1b￿ •xr•ndKur• eemwth•8 ihc4• C￿19 SroJrr•d by th• o)•ity In IM d•llwi ol R• •dvlO•8 ar for rts b•nefv'on￿ tt indwJeJ both ¢xsts ¢hat can b? allocat•d dir• to wch actywbe• •nd those c￿ts of •n in¢Jirnct n¥ture no￿95•ry to SUFPOrt Ihwn Gov•m•nc• ¢o•l• Incl￿1• thc4• incyrr¥d in th• gowm•rt￿ of lh• ¢h•nty il •￿•tr and •f• pnmwi 911¢4#t•d coni1ftutbn￿ and Stat￿Ory r•quirnm•nts. Cash ond co•h Cosh and c48fi •quivalenls are b•slc fln￿￿al instruments ¥￿iCh indu¢Je cash in hand, *ioJiti hold at call wth banks. other short.tenn 1KJu￿1 In¥eg¢ments witr orginal m•tuntVag of months or kns•. and b•nk overdr•fts. Bank overdr•fts are shown within borrrywirgj in rJJrr•nt I1¥bil￿￿. Tuation Th• chanty A •x•mpt from corporats.on tax on its ch¥ntable •ctiwtM. li

ASSOCIATION FOR CHARACTER EDUCATION UMtrED COMPANY UMITED BY GUARA14TEE NOTES TO THE FINANCIAL STATEMENTS 111 ACCOUNTING POUCIES Iconb"nuedl Finanaal Instrurnents Basic finan￿81 ossets Bas￿ finonrJ¥l assel•. Ind￿ debtors •prtJ cash •rl barth bo￿n¢￿. ar• Inib•lty m••sured •t transacbon pnc4 IncludirvJ transacDon costs ancl are subsequently car￿0 ai amorbsed cost using th8 effective Interest rnethod unless the arrBngement constitutas 8 finanong transaction. where th8 tran$a¢bon Is measured at the pr6sent Val￿ of Ihts future receipts discountod 8t • market r•te of interest FinaneJ81 assets daswfied as iecoivablo wrthin on• yoar ara noi ￿Or￿s•j. Basic financial Iiabditw$ Basic financial ￿8￿11e$. Ind￿jing cr•Jrtors and bank loam. ar• Inrt¢alty recognLryed ai transaction price unb9$ the arr8n9ernent cijnslitu¢ey • fin•wry tr•nu¢tson. wttere the debl in•trumgnt ij measured at present value of the fvture paymenls discijunled at a market fat? of interest Finan¢io1 liab11￿.es dassifi8d •• pJyJbkn wthin or¥J ye•r not •morlty•d. O•bt in$tnm•nt• •r• subMq￿ c•rri•d at •morti••d cosL Ilw gffgcbv• intowt r•to rnethod. TrB¢J¥ creditors arg obligab"on•to p4y lor9c¢xlJ or that h•ve awuir•J in the ordinary course tsl operatons frcrn 8uppIwry4. Arnounts are d888ified ai CUfTent Ilats'l￿el rf paymont is duo within om year or l•sa. If not, Ihey are presented as ntsn-curr•nt118bilits•s. Tradè er•ditorn Iro r•eegni8•d Inth&lfy at tranSa￿JOn pri￿ and $ubsoqu•ndy rnoasur•d at amortis•d cost u$irrfJ tha •ffaCti￿ Intarest m•thod. Crity￿ Accounting E¥JMat￿ and JlAgwn￿tl In tho awication of th• tt¢np4nli a¢eountsThJ Oici•s. th• dir•¢torn •r• r•quir•d to m•k• iudg•m•ntJ, e•tlmats$ and auumpbon• about lh• catryiry amounts of ￿01$ and l￿bil￿.￿ Ihat ar• nat r•4¢Jity •ppar•nt from other Sour￿9 Th• è$timateJ ￿l¢￿￿t9d o$Miption8 are b8od an hithneal èxp8n•nc• ar#1 oth•r f•ctor• that •re eonihl•rnd to b• r•k¥a¥)t AcbJal r•suRs moy drflw Irom tw •sbrn•tM. The e$limale8 and undertying a38umplions 8re on an ongoing baals. R•¥Askin8 io accounung •stirnot¢3 or¢ rncognis¢<l In the perNxl In which lh• gstsmate Is revi88d where Ihe reW5￿)n affects only that riod. or in th• per￿. or in p•riod of tN• r•￿1￿ *nd firtur• wh•r• th• r•w•vJn •lfvcts l)olh current •nd ftJDJre peri¢)th. 12

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ASSOCIATION FOR CHARACTER EDUCATION UMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ARY 2024 2023 tn STAFF COSTS Wages and ￿laries Total Numbèr 2023 Number 2024 The avorage number ol empws during the yoar wa8 as 10kn￿.. AdM￿l$tI8110n 181 TRUSTEES, REMUNERATION No trustee or other person related lo the charty has been paid any remuntralion or received any other benefits from an empbymenl wrth the charity OT a related enlty. Travel and accommodation •xp•ns•s of £7,86812023- £6.5161 werg paid to Gary during the period. 191 DE8TORS Trade deblo Oth•r d•bto 12,687 10,423 57 12,687 10,480 1101 CREDITORS- 8mount$ duè y￿￿On one year Accruals 10,169 4.9S3 Unrgstrict•J Fund$ 2024 Rg$lrict Fund$ 2024 Total Funds 2024 1111 ANALYSIS OF NET ASSETS Curront assets Curront Irabilities 106.788 110.1691 106,788 110, 169} As al 31 January 2024 96,619 96,619 15

ASSOCIATION FOR CHARACTER EDUCATION LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FI￿NCLaL STATEMENTS R THE YEAR EN Unrestricted Reslrictod Funds Funds 2023 2023 Total Fund8 2023 1111 ANALYSIS OF NET ASSETS - C¢¥)L Current assets Current Iwbilitios 119,924 {4,9531 119.924 14.9531 As a131 January2023 114.971 114.971 Incoming OLrtgoing resources resource• Asat 31.01.24 31.01.23 1121 MOVEMENT IN FUNDS Unr8strict&J Funds G•n•r81 fund 114.971 130.261 1148,6131 96.619 Ir+coming OLrtgoing 31.01.22 re8ourc r8￿urceS Asat 31.01.23 Unre8triet&Y Funds Gen•r81 fund 120.487 117.272 1122,7881 114.971 1131 REL4TED PARTY TFi4NSACTIONS Gary iy ACE Chair of T￿$t￿8. It has been fornialty agrwl by the IK*•rd that Gary wll undertoke paid work for ACE on a consuttancy basis, beyond his role as Chair (which is undertaken in a voluntary capactyl. This work involv8S the delivery ol CPD gnd Quality Mark A$$es$mgnts. For the accounting per￿. Ga￿S lees were a maximum of £200 a day. significantly lower than Ihg COBIS ol exiemalty sourcing thg equivalent exporb'se. Fees paitj lo Gary in respect of this con$uttan¢y role during the year y￿(8 £5.3￿) {2023- £6.8601. 1141 LEGAL STATUS OF THE CHARITY The charity 1$ a company limited by guarantee wthout share ￿Pital. Each mombor of the charty ha$ undertaken to contribute an amount not ax¢oeding £10 tow8rd$ ony defi¢rt ori$rng in the event of the charity being plxed in Ikiuidation. 16