ASSOCIATION FOR CHARACTER EDUCATION UAWTED COMPANY UWTED BY GUARANTEE COMPANY LIMITED BY GUAR4triTEE REGISTERED NUMBER ENGLISH CHARITY REGISTERED NUU8ER 099781( 11781 VNAVDITED FINANCM STATEMENTS FOR ThE YEM END 31 IVIUAJIY 2026 CUtr4NINGW GRAKr CHARTERED ACC¢)UNTANrs
ASSOCIATION FOR CHARACTER EDucAnoN LiiiirrED COhlPANY LIMITED 8Y GUARANTEE Roport ol Ihg •l•menl of PowlK lo th• Fln•nd•l St•twTnls 9.15 CUNNINGHAM GFIAMT CHARTERED AccouiifANTS
ASSIXIArnN FOR CHARACTER EDUCATIOII UPMD COhlPAP4Y UMITED BY GUARANTEE TRUSTEES REPORT (INCLVDING DbRECTO8> REPORD •lat•m•nts 101 lh• y•w •ndod 31 J•rw 25. FinwKial R¢WfvJ Siv¥l¥d In th• UK and th• Pop ol Ir•knd IFRS IQ21" lu •m•rMltd l( OBJECTIVES AIID ACIMnES ACHIEVEMENTS AIID PERFORIAAMCI 202112026 O¥•rvl•w ACE h•d J poillry yw •nd In ol imp•X. Cryr•d lo lh• w•viw• y••r. ACE h•1 £82,643 vl ••tiwn•rat•il 2025 w¢m the £82.892 in 2024. Th• rT¥Mi ft0• aiff?renc• h en Iho Inu••• m tr¢Mn m1rntP l••s. ¢op in l•• Qu•bty •M88m•nl• •nd CPD. R•venu• Ircffi m•mb•rthp l••• Iw rM•n ty £24.877 th• 10 th• ol • M•n1p •nd Inwn• r•oMry Mo1 lorwd, ACE •wn• to rthfw•• Il d•¢thn• m •ch¢<h CPO IhrrAW th• dv•lopm•nl d • CPD O•r d nwmbwP (ACE M•n' Plwal wl b• 1•unclo In ACE •y•l•mJb¢ l•adW Ix •1 hw• rx•N•d CPD. Iwd • OUty Mwk •IM•lrnI. lerwJtyY • ctsrfw•• • 1.1 Thi• d•1• h•• b••ft mfo •n Impad port 10 oJllm• th• thll•rnrK• ACE 10 m• rt hm )¥kwJ wth This lo11•c h•• •l•o b••n Gr(rh ol lh• R•wnal Hu Incr•a•• 1wmr ol Mrk• th• fir 0pw•tyty yr CRM f¥wK• iyil•fft h•s 4Mo*d ACE ia •rtombi•d Thry hm •lb•Mé ACE ty beK•i mèrnb IrKhJdtrva Iokniq • more robyit
ASSOCIATION FOR CHARACTER UcATIoN uMrrED COMPANY UMITeD BY GUARANTEE TRUS7EES REPORT (INCLUDING DIRECTORS REPORn AcHievEMEIITS AND PERFORMANCE IC<xstlnwdl D•Jh7•ry 20 alty h•v• b•en wxl 17 Swxvl A••wm IKM M¥rntud • pithcbc CPO opporttmTrty fo¢ ttiu• p. 8VA pl rnc•w•d Ihe QM r•l•l tho W10 w Wor In l•m I h•lp lu ththf 84% •xp•rwv u 1aii0 m l•rnM alth• rn(4gnrtlon Uwl 21 1• h1 •l•tu8 procm 71% ol thw• 18 9110 1)r thp IM tr•kn w• fr l• IIY10. ACE PlDvid•d •wptyl tr) •hS th• llltslw ol •lllH dVerj b¥ lh• IhtOU9h fell1•& frDrn P+ytyX. Plw ACE wll b• fAylJ th Autsffin kn 2. Th¥ T. Ihv QM ithtul 3 y•arJ pkA •J¥J gwithq • n• •tr•wn. Fulurn Fundlno tr•vv [rted to mor• y••fS ol lundir¥J beyond 202Y20. wll ACE tth M jdthfknn £30,000 • ACE'I t0• wtl be lUffirt lo' tr 9•P . INVESTMENT POUCY
ASSOCIATION FOR CHARACTER EDUCATIOM UIITEO COMPANY UMITED BY GUAIiANTEE TRusfEES REpoirr (INCLUDING DIRECTOR> REPORTI FINANCIAL REVIEW Tht for y•ar w•5 £124.867 r2024 E130.26114nd was £128.07112024 E148.6131. Th• mwn tN• y••r tw 94 rn• CPD trwnry. Th• outgOfQS I• Al y•w •nd th• dwrrty h•J a fy1£70.1)0112024 8.81$) In RESEIIVE POLICY The dir•cl M¥• ••1 • r•Mfy•¥ p Vw• tsn•. Tiy th hpffir th• h•vo1 tyl h•kl thr04Wul th• yvw Th• M•d lor • pohcy i• •pl r•y• to •n•w• th• eh•nty"• d4ngkn9 SK poucy •nd fin•rK41 ul Ihe cmwny, w• FI• tg rnoThtry •xpNur• lo Itw. R•qul b•ty dthf•lop•d whlch wll b• k•pt w¢J•f Oy th> fnMl•es. STPUCTUAE, GOVERIIAIKE AMD IAANAGÉIIENT ¢h•niy on 3D Apr4 2018. Chnstoph•r Ctyrn ChwpoIYrt•d 22 th 20 Mth••l F1 Gw)Ilr•y Smth Prof J•m•• Arttrd, 08E Imiwa 19 Mwth 20 Rulh McC•rtrry Honty w.Fr•1¢hlr Gw Law G*1 P•yti>n olth• c4vnwy
ASSOCIATION FOR CHAIiACTER EDUCATKIN LIIATED COMPANY UIAITEO B Y GUARANTEE TRUSTEES REPORT IINCLUOING DIRECTORS. AEPORr) AEFeREI4CE AND ADl•SAll0 INFORMATIOII Tn•t••• G¢gffr•y Srnth J•rT• 08E D•r¥•r Ruth MeC•tlry (rni•d 19 2025) Gary G P•fvi C4xnp•ny R•o*tsrnd Ilumbw C40781C 1178188 R•gl•t•rnd oin¢• 78 Ro•d sthton CohJfi•ld 876O0H CAF AIO F+xmtt•lthl 25 +hl A¥Mu• KWVH E194TA Ind•p•nd•nt Etsmlmr 8wry Gr•rt C Urdl Ge Co•1 Ro•J Cw Frf• 1ry15SYQ
ASSOCIAnON FOR CHAIIACTER EDUCATION LWITED COMPANY UMITED BY GUARANTEE TRUSTEES. AEPORT (INCLUDING OIRECTORS REPOR STATEMENT OF TRUSTEES RESP181LrnE8 Th•TnAi•o. who w• 4•gtlhi dir•L1or• l)r Chw•¢ E(hK Lmrtod frxthe purpom olcompany th• ffK¢yn• •Trl •xp•rrflllLn. ol lh• eLYnPWky fof Ihal yaw. ob•wv• It mgllv#• WKI pnnopbel th• Clw• SORP." Ir •xF44kn th• thiiltr<i tr•n•Kdons thKJo•• wth •1 •ny trn fin1)•1 pO•rtI th• thanty •trA• #n to •n•w• th•1 th• •i•twn•nts c4ynWy *ith lh• ComporoH Act 2Cth. prn¥•ntw wK10ot•ckn of Irwj ar¥J altw Thfr¥ rnptyt tm •pwo¥•d ty th• bwd w ?alioILS •nd b••n In trti Ilw DIRECTOR
ASSOCIATION FOR CHAKACTER EDUCATION U&ITED COMPANY UMITED BY GUARANTEE INDEPENOENT ExINER's IIEPORT TO THE DIRECTORS OF ASSOCIATION FOR CR4RACTER EDUCAlloN LWITED 31 J•rpJw 2025 ar• OL on pays 7 to 15. RE3PON31BIUTIES AIID BASIS QF REPORT 16 01 lh• 2008 Act ¥• •lybl• >r •In•t10n. I rqptyt In Iwxl my your hathi's X¢OLth tyjl d•r 145 ol lh• Chwllw Ad 2011 2011 £fi. In oul mv rqpori lo lh• tntst•tt, ts • bth. Th• l•rni ol my •rw•rnN lfy work bo•n ynd•rtJkthi itt•i I IT1 •t#t• th th• l Im r•wr•d to st• to trwn m M ind1r0•nI r•wrt Ind for nD olhw ypom To ilKry hJl••l •xtl p•ivrMMd * Ivw. l OD noi x¢•pt ty •s•wM• rn•poft$bty lo Myor• tr6• Chwlty ¥J th lor ry dtynq Ihbs r•LYMI. IIIOEPE140ENT EXAMIIIER'S STATEMENT 2. lh• K<4urtts nol •ccryd ( 2(K6 G4hw than •ny r•wi•nwi trh• x¢IX1 km¥• • l•rf wtKh i• ng1 • m•ty ctyNthf•d •¥ rI ol •n ind•p•rO•M •¥irt1.' IFRS IQZ UnA G8. Th• Grvwy Cty*• Coal go•d Cup•r KY15 5YQ 0•ts 24
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ASSOCIATION FOR CHARACTER EDUCATION UMITED COMPANY LIMITED 8Y GUARANTEE BALANCE SHEET 2025 2024 13.627 84.909 12.887 94.101 a•nk I1 ca¥h 98.536 108.788 1lOJ 3.121 10.169 95.415 96.819 R06tricted Funds Unrestrict•J F4 25,414 70.001 {121 98.819 95.415 96.619 Fot Ihe y••r •na•d 31 Janaury 2025 th• ch•rt•ble cornpwry •fttJtsJ to ty• •x•mpbon frorn •udrt und•r ••cbon 477 01 lh• Act 2C reknry to wnal cnp. 1 th• rn•mbws not rwul1 lh• 10 ol)¢am •n authl of its th• year M quest4M under seCthy+ 478. 2 the directQfS Iheir respsIbbe8 for C¢mtn9 ¥nth the requlrem•nts ol the kl wrth respect to •ccounbng r•wdg Ind the yep8f•bon of fm•nuDI iiat¢m•nts rJuW to the Jmo11 compwues rryit Clwipher Ctyn• DIRECTOR Ccmp•ny Rogffjtrakn No 09978106 Tho nor•y on pag•s191 tO1151 lorm part crf th8%• •lalwn•nts.
ASSOCIATIOII FOR CHARACTER EDUCATION LiiwfED COMPANY LIIAITED BY GUARAPITEE NOTES TO THE FINANCIAL BTATEMENTS 111 ACCOUNnNG POUCIES EnylJnd •rwJ The th ol th• off(• N 78 TOrih Ro•d. Sultr)n Cc4afi•ld. •(JnIS tn K¢rAdarKe ltr Flnonu& Repotb'ng kW•Ie kn the UK Repubtk gl li•knnd IFRS 1021 l•ll•cM 1 knuwy 20191 _ (Chwilm SORP IFRS1021. thfr R•pofUni Si•nd•rd apptk•bK• th• LK ol lielvttl IFRS 1021 •nd th• Acl 20t% Th• •M rd•& to lh• M•rul £1. Th • pJbMc ddn•d ty FRS 101 Galnp Th• Tty••s •r• llIA Ih•t th• Tft hm unM•irkl•d Op•rnIl from th• ¢knt• ol •pprov•l tsl 1•twwnts. Tlw vll•thi ol * • d•frnd SORP FRS 102 Upda1• BLthlin
ASSOCIATK)N FOII CHARACTER EDUCATIOM LwMfED COMPANY UIAITED BY GUARAMTEE )TES TO THE FIWICIAL STATEMENTS 111 AccoupmNG POUCES w•rrti •r• r•cwtyed m th• SIAXpnnl d FwKi•l frjnd wlwn Ih•y ai• Ewnthx•. Ind y•nts In th• ltyrn ol •upport to WKI ¢hwrtatkn Injlrtutions, 1• •l•d lo ¢•l•pw. •orvk•• fof 41 11 l>oth (¥)sl• Ilw c•) b• 0x19 lo Klr41w•i •nd
A380CIATION FOR CHARACTER EDUCATIOPI uMwfÉD ¢OMPA14Y UMITED BY GUARANTEE NOTES TO FINCLAL STATEklENTS 111 ACCOUP4TING POUCES (c¥4 •nl valu• ol tr• bxyrnonlj ¢thscthml•d •1 • FITh• h•blnis d•Mffi•d Cm yUTor l•u Ilnot. tsy •% &•bbhllM Tt•O• u•thtiy• •r• 180)0•gd Tr110rty trt twrKl. Otr Ih•n p$ , f•cwded rnl• of th• •x¢hang• on ITh• lh• profil •c£ount thiwts• we rwr4s•d kn th• pMI(yJ in *¥ch e•thm•l• t• r•vMI Thw• Ihe afffrct• onty Ihal li
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ASSOCIATION FOR CHARACTER EDUCATION UMITEO COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ARY 2025 2024 rii STAFF COSTS Tolal Numbof 2026 Numbor 2024 Th• thw•B• numbof ol wnplty•u durwffj th• >••r Tm u frkn. 181 TRUSTEES REMUNERAnoN No trte• or oth•r pernon reloled to th• ch•nty h•• Imn pwd ary remunwatwi or r•¢•N•d any other benaftts an emplwrwi ¥bryth th• Chor or a r•181•d enltty Travol and acv)mmodatui •xwnses 01 É5.27812024 - £7,8681 Iwir• paio to Gary LewJ$ £841 12024 - £NIll were p•iol to Thomas H¥rty £5412024 . £Ndl p•vJ to Ruth IAcC¥thy. 19) DEBTORS TY•d• d•bt 13.627 12.687 1101 CREDITORS- WFwnt• tmthln on• > 3.121 10.169 FuThlA Funds Funds 1111 +V4ALYSIS OF NEf ASSErs 73.122 (3.1211 25,414 98 536 13,121) at 31 Janu•ry 2025 70,CQ1 25,414 95.415 1,786 110 1691 106,788 110,1691 Crnilobdrt As ot 31 January 2024 96.619 96.819 f 4
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