REGisfERED COMPANY NUMBER- 016L0999 (England and Wales) REGISTERED CHARITY NUMBER: 285104 rt olthe Trus¢ees and Unaudited Flnanclal Statements for the Year Ended 31 December 2020 AS Limited Sutton McGrath Hartley Limried 5 Westbrook Court Sharrovvale Road Sheffield Sii 8YZ AA9)IHTR* 2P)10712021 C¢)MPANIES HOUSE A07
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ASEr 1982 Limlted Conttnts of the financial Statements for the Year Ended 31 December 2020 Report of the Trustees I to 9 IrKlependent Examlner's Report io Ststemènt of Finarbcial Athities li Balance Sheet 12 to 13 Notes to the Financial Statements 14 to 19 Detailed 5tatwnént of Flnancial Activitles 20 to 21
ASEr 1982 timited rt ol the Tfustees for the Year Ended 31 December 2020 The Trustees who are also Dirertors of thè tharity for the purposes of the Companies Act 2CQ6, present their report with the financial statements of the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Ch3ritFes.. Statement of Recommended Practice applicable to charities preparin8 their accounts in ccordance with the Financial Reportin8 Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 leffective l January 20191. Page I
of the Trust for th• Yt•r Ended 31 De¢emtr•w 1020 OBJECTIVES AND ACTivmES Oblerti¥es and •cti¥iths The object for which the Ass¢xiation is e5tabli5hed IS to adva the prevalenrt. effert1Vene and quality of work based and placement learning in Highef Edutatlon and by piomotin¢ search into that system of educafjon and publlshlnq the useful results thereof, In partlcular.. I To 5UPPOrt and encourage Higher Education work based and placernnt learnin8 by prov4ding high standard staff development OPPDrtunities in whalever area of professional actmty may be appropriate to this swtm. bl To Preparè. develop and pubjish information relating to Higher Education Work based and placemeM teamln& or the studv thereof. and to disserninate such information through appropriate media or even cl To pl[de a national voitt. for Higher Education profes%on•l4 on matttts eoncernlng Hlgher Educatlon work based and placement learning. dl To stren8then the operation and enhance the quality of Higher Educatign work based and placement learning by promoting closer and more effective partnership between employer5. educationalists and Sdent el To serve as a central agency for the stimulation, discusston and di$5emination of ideas, 8wdance and inforrnati on Higher Education work based and placement learninq. To prowde a foium for employe. etlucationalists. students and other approprte 8fOUPS and Indfviduals to dIScu and formulate polkies on Pliaher Educatlon work based and piacernent learning. ASET runs a staff devdopment programme. and throughout the year nurnerous stsff de¥ebprTrent event5 tske place. Abn8side these events, A5rf also runs regional hub meetin8$ around topical issues, to en¢oura8e more frequent networkln8 wlth ASET colleagues. In addition our flagship event. the Annual Conftyence. is held in autumn and features speakers. and a focus on current research and 8ood practice in Work based and Placement Learntn8. ASET has developed a ian8e ol books and publications to advise placement staff Includlng- - A5ET Good Prartice Gulde for Work based and Placement Learnin8 in Higher Education - As Good Prartice Guide for Health and Safety for Student Placements - A5ET Good Practice fjuide for Supportin8 Students wrth Dlsabilrttes on Placement - ASET Good Prartice Guide io Successful Work based Leèming for Apprenticeships In Higher Educatknn Mana8in8 Placements with IT and Online . Experience-Based learning within ihe Curri¢ulum- A Synt5 siudy ILeslie Davies) - Proceedlngs of the ASET Annual Conference lannuallyl ASET runs an annual competition for students who ha¥e recently retvrned to thr academlc InSttIOn followln¢ a placement. ASET a150 offers bursarie5 to member institutions to provide a projert opportunity to a current student or rttent graduate offered as a Research Bursary, and a separate Summer Projert Bursary. Bulletln news and events malllngs and the webslte lww.asetonllne.or¢l Inform members of dÉwelopments wlthln As and the field of work-based learning. The website also has sertions dtditated to Good Practite adwtt. Wwpoints and Restarth Projetts. The Associ•tlon does all St can to promote the concept of work placements •nd to represent and help staff to meet the challn8es posed by thè eNr chafiglng and expandin8 debatè on work eyrien¢e and plaom¢nt lÈamin& In¢ludlng Degree Apprentice5hlps. Co¥ld.1g On 23rd March 2020 the 8lobal C<Nkl-19 pandemic resulted in the imposltion of a fvll lockdown across the UK. From thls date. the charity arted swiftly to reconfigure all face to face ntS for ddp*ry online via Zoom. The first ol these events was held on 26th March 2020. A5ET continued to support membets throughout the year. IneanE the frequency and number of opportunities to engage and prs)viding valuable nelworking OppurI1e5foT rnembers. Page 2
th• Ytar End 31 Detember 2020 OBJECTIVES AND ACTivmES PromotSng publlc b•n•fft The Trustees have complled wlth thelr duty to have due re8ard to the guidance on public benefrt publlshed by the Charlty Commission in exercisin8 any powers or duties to which the guidance is relvnnt. All of ASEfs actlvities. and putsllcatlons, directly or indlrectly support Stsjdents bn Higher Education. who are invdved in •rtribtbtsthat tombinÈ employment artd l*arnin8. Volunteers Other than the Trustees lindudin8 Others cwptedl tssk orientsted working youps focusing on key area5 of actl¥lty exlst. These workinB 8roup5 are led by Trustees and addityonalty include volunteers frorn Member Instit10$. These are primarily email orfentated task 8roup5. but Occon¥t meet. The group5 are currenty: -The staff Oevelopment Workin8 fjr041p ISDWGI, leadin8 on developin8the programme of trainin8 events The Aesearch Workin8 Group IAWGI, leadina on the A$cIatIOn'S commltment to promotin8 research into work based and placement learnin8 and Includln8 responslbility for the awardine of ASET bursartes - The Membership and Comrnunicatton5 Workin8 Group Imcwfjl. leading on devdopin8 membership and the offer to member5, includin8 Re8ional Hub meetines and the student comwition. and throu8h impadful marketlng via e-Bulletlns. the ASET website and sc<iol media Terms ot reference for e¥h otthe working 8roup5 is available on the or8anItsQna1 webslte. In addltbn. a Conference WannSn8 Group ICPGI is drawn toiether eath year from •morwt the Trustees, for the purposes of planning the Annual Conference. In December 2020, a new ath50ry 8roup, the ASEf Advoute5 Panel IWI was formed to brin8 together J ¥roup of '¢ritical friends. for the Trustees. The AAP will support the Trustees throu8h conskleratton of some or all of the followln8'. . Cornmentin8 on profession?1 development - Commentin8 on new pollcies Supportlng Task and Finish Grgups - Commentin8 on new Good Practice Guide5 . Lobbyin& with guidance from the Trustees, in areas of work based and pcernent learnin8 - Speclflc tasks related to bu5ine$5 need Page 3
rt olth•TrutteS lor th Year Ended 31 Detmber 2020 ACHIEVEMENT AND PERFORMANCE AchSevements and PerfoTm•n¢e The Covid-19 pandernic created a thallenwng financial en¥lronment for ASEf. affecting two of thE maln intome streams.. Staff Development Events and the Annual Conference. Stsff Development Ents With a well-e5tablished online booking system. a Trustee 5UPPOrt plan for tIR co.delrwery of staff development workshops, and prior familtarity with the Zoom platform used for Trustees, meètings. a smooth trantion from face to faeè to onliné delivery was effected. In re5pon5e to the challenging situation. the autumn programme of events wa5 expjnded and a new series of events dded.. ASET Insights- gominutt ses5i¢Jns on a range of tomplmentary topits deliver byTru5tÈes. proved popular. Anrnt•l Conf•r•nc• The Covid-19 pandemic led to the cancellatton ot 2020 Annual Conference. In it5 place a new event was created - #ASETConnect delivered online and free of charge to rnmbtrs. The vnt featured discussion panels and resèarth showcast opportunities alongside presentations from a current bursary winner, and from a torrner bursary winner whose presentation charted her journey from undertaking a bursary project a5 an undergrddue. to becomi an atadtmit and an ASET Trustet. #AseTConnett proved popular with member5 attracting 250tr regi5tratlon5 over 2 day5. Re8ion•l Hubs Aegiofial Hub meetings •round topitsl i5%ues. were fitst doPed in 2015 to provide a networklnB OPPDrtunity with lo¢ally based ASET tolleagues. At the point ol lotkdown. tht charlty moved swlftfy to trdn51ate the contept for onllne dellvery. A serle5 olthrèe Regional Hubs werè offered. each over a yngle weel as flOw$. i. wlc 30th March.. Respondln8 to Covid-19 2. WIC 2nh Aprll: Covld-19: What worksfor you? 3. WIC 1st June- Covld-19= What's next for Platmnts? Each event attrarted more than 200 ottendee5 over the course of the weei and reKhed 65% of our member instÈtutbn5. A lurtherweek of Regional Hubs in December 2020 consideied issues around Virtual Studènt Support and attractèd slmilar le¥e15 of ttendance. Of partitulaT note wa5 the attendance of 1MberS from Institutions in the mre remote areas of the UK and lieland, who were able to attend their first Reglonal Hub be¢au$e they were held online. Wor*ln4 wlth the ality AssurarKe AYKV IQAAI In May 2020 the charity had the opportun¥ to vffjrk Close with ihe QAA to support the delNery of thtir weblnaf entitled.. Contingency Plannin8 for Placements. The event attrarted over 3fy) attendees. and featured ¢èse study presentations hl8hllghting 8ood practice from HE Ir¢Stitl0ns across the UK. presentstions were sourced and presented by ASETTrustees. student Competltlon Covid-19 impacted on many students undertaking • plKement. and led to an adjustment to the entry trittrfè for the 2020 student competition. From the entries one overall winner and two hl8hty commended entiles were selert•d by the panel of lud8es'. Wlnner1£40DI'. Katsrzyna Komarowska, Anilia Ruskin Unlversity Hl8hly Commended IEIOO eachl: Patrick Brennan. Lancaster University. and Dad Sharp, Unlversty of Kent Worklng Groups The Staff Development Worklng Group were swift to seek the support of tht Trust••s to enwre a smooth tran51tion from face to face to online delivery of staff development workshops. The pro8ramnR of events for the 5prin8 remained in place wlth the flrst workshop delivered 3 days after the start of the first Covtd-19 lockdown. The Trustees approved a reduction In the fèe for online event5, and discount vouchers wefe issued for any prtrpaid session5. After an initial dip in delegate nsjmbers. an expandtd programme of events was introduced for autumn includlng new ASET Insiobt semlons (lMinUte. Tru5tetrled sessions on complementsry toplcsl. 8y the yeaf end, delegate numbers were level on last year. Pa8e 4
ded 31 Decernlxr The Research Working Group continued io bulld on their remit to promote research into work based artd placemènt learning. With the pandemic fgrcin8 all artItIeS online, the 8roup were pleased to be able to award the A5ET summer Projert Bursary to Doug Wotherspoon. Senior Lecturer in Law at the Uni¥er%ty of Worcester. The projert.. Tailorirq Work based placement for employers and students.. Bridging the Ski115 Gap, was undertaken by Tori Caleb. LL8 law. 2017-2020, UnNer5ity of Worcester, who presented her findings at #ASETConnect in September. Two bursaries will ayin be offered for the next academlc year. Wlth the caveat that they must be able to be undertaken ortline: 112021 ASET Student Research 8ursary, for a current student or rent eraduate ill 2021 ASET Summer Projecl Buisary. for a current under8raduate The group also toordlnated the delivery of a Research Sho¥K35e whlch offered a space for member5 to Share their current rèsèarch using 3 slide5 in S minutes. The concept proved popular and has since been further devetoped for subsequent online events. In addition a reeular Research 5potll8ht section has be•) created in the Month trbulletins to offer members a sp•ce to promot• articie5lchapters/proierts they are currentty working on. In 2020 the Membership Worklne Group pined forces wlth the Communications Working Group in order to prIde improved service and support to mernbers. Membership fees were held for a second consecutive year. and Inst(tut(onal membershlp numbers remalned static, wlth cancellatloTrs belng replaced with new and re-joining members. In response to the pandemlc tht 8roup focu5sed attentJn on providing a platform for networkin¢ and the sharin6 of 6ood practice vi• the Re8lonal Hubs wsth series of 3 Regional hubs hdd over the course of a week In Aprll, May and June, all hekl online. These hubs •chitved record numbers, wlth a notable uplift in attendance from institirtions In more remote location& This engagement has Intreased consistently throUght the yeaf. In order to ascertain what members were looktn8 for mown8 forward we undertook membership survey which aspects will be Implernted next academic year. Sotial Mgji? remains a key focus for the group, and the 5UCCe55ful management of a Twitter rots has contributed to a consistent, re8uL4r presence on the platform. The e5tabli5hment of an ASET pa8e on Linkedln offers new opportunff¢ies to Increase awareness n the sector and another gateway for external organisations to have an inslght into what ASET doe5. ASET contlnues to work with other OrganitionS in thè Higher EdUCatn Sector to ensure that our mefflbers c4n be wnfldent in our role a5 providiny a national voice. fo¥ HiRher education profe55ionals. on matters concernlng Hi8her Educatlon work based and placement learning. This includes our tOng•SndIng partntrship wlth RMP Enterprlse and the National Under8raduate Employability Awards. our support for the Helena Kennedy Foundatlon. and our collaboration with AdvanceHE, the Quality Assurance A4ency and the World Assotiatiort for Co-operative Education. FINANCIAL A£w FlnancS•l Rtvl•w The Covid-19 pandemic caused the cancellation of the 2020 Annual Confernt*. impacting gnIficantty on turnover and creatinq challenging financial environment whith resulted in a deficit. However. the charity took prompt adion to identify ways to both ¢ontinue to deliver sérvites to members. Maximin8 the potsntial of onlsne delivery to expand on the support provlded. whllst minimising the costs. Revenue from membership had already been secured. and actions tsken to expand the offerin8 of staff development events sefved to minifflise the impart on ffinantes. Several years of prudént financial management have enabled the charity to build suffieieni reserves to continue to 5UPPOrt ser¥ice5 to members. In 2021 we will continue to ofler tsyo ASEr bursary schemes lflesearch Bursary. Summer Project Bur5aryl. A total of £3CIXI 15 allocated for each ASET bursary; £2400 for payment of tath stvdènt and a further £6r• to each award-winning inStitutn towards the expenses required to carry out the project Ilncluding attendance at the Annual Conference to present findinesl. ASET has committed to ongoing support for the work of the Helena Kennedy Foundètion IHKFI and in 2020, provided a £3(D) bufsary for a student loinln8 a Higher Edutation programme at In ASET member institution that include5 integrated. assessed and accre(tited work baseil or placement learning. The Foundation works wlth those who stru88le to access Hl8heT education. plxements and the professIor beyond graduatlon. Principal fundin8 sour¢es ASET is primar4yftsnded by membership subscription and re4enuÈfrom conferences and other staff development event& Pale 5
olthe Trnst•es for th• Y•ar Ended 31 D•c•mb•r FINANCIAL REVIEW Investment polkv Investments are held in accordance with the Trustees. powers. It is the vnxki prartice of the Trustees to be prudent wrih our members. money, ensurin8 that risk is limited. The Twstees have rewewed the reserves of the Charity. considerin¢ the nature of the Income and expenditure streams and the need to match income with its fixed eommitment. As a result of the impad of the Covid.19 pandemic. the perforrnance of the charlty at the end of the year resulted in a deficit amountlng to £29.43412019 - £455 surplusl. Thls I11 be covered by reserves, and the Trustees believe that the reserves will be sufficient to cover any of the expendlture incurred within the next twelve months. Profit-making is not the objertfft of the Association. The Trustees consider that the resutts for the year and the state of affairs atthe balance sheet dote. are in line th revised expectations followingth onset of the Covrd.19 p•ndemic. FUTURE DEVELOPMENT After an exceptiCnal year. the Trustees ère l¢)oking to build on the opportunities ueèted and to continue to seek ways to develop the charity'5 artivitie5 in the year ahead. We shall continue to keep medium to long term objettNes of the chality under review to ensure that activities in the preseni support our capacity to delNer in the future. ASET works on a continuous enhancement model to build on the comprehensive 5er¥ice and support it is already providing to the Membership. Specific actfjvltles planned for 2021 and beyond include.. - The return of the biennial LeadershTrp Exchangt evert for Senior Leadtrs - A renewed focus on the provislon of bespoke tralning to members - Consolidatin8 our Regional Hub offer Worklng with sectof agencles. sh as HESA on the Introductlon of common InstrtloII data collectlon on placements and work based learning - Worklng with sector a4encles. such as the on the IntrOducon of rler forms of work based leamln8 such as degree apprenticeships Refreshing and addin8 to our range of Good Practice Guides - Policy papers and position statements on key definin8 issues of Interest to our members leWPoInts) At the tlme of writing (June 20211 the global Covid-19 pandemK continues to cause uncertainty- Whilst there Is a partial return to office based working for many of our members, the charity has opted to continue to offer all ASET activitie5 including the 2021 Annual Conference online. A5ET MaInS financial robust due to careful mana8ement over tirne and Is able to offer an enhanced level of support to members through the flebilIty of online proviyon. The ASETTru5tees are cornmltted to 5UPPOrting the membership and to continuin8 to explore ways of enhanclnq the offer by bulklin8 on the success of 2020. We will continue to re8ulathi review our ¢)ffer as the pande1r( PrresSeS to ensure that we provide the best offer to our members and ensure the continued operallon of ihe business. mucTURI GOV£RNANCEAND MANA¢%NT Constitution and lov•rn1 do¢um•nl The charlty. known as the Associatton. 15 8overned by its Mernorandum and Articles of Assoclation. Dur5nq the year the Memorandum and Artkles of Assoclation were updated and adopted by Special Resolution at the ATrnual General Meetlng on 8th September 2020. The objtt of the Association is to advante the prvaltnte. tffèttr4eness and quality of work based and placement leamin8 In H¥gher Education and promoting researth into that system of education and publlshlng th useful res¢Jlts thereof. The business of the Assoclation shall be manaled by the Director& 4tho are also Trustees of the charltv. Constilu¢ion The company is limited by guarantee and does not a share capital. The ruk5 and regulations of the company are set out in Its Memorandum and Articles of A5cIall0n. Paze 6
ASEr the Yr Ended 31 STRucfLIRI GOVERNANCE AND MANA¢XMENT The Trust••s The Trustees durin8 the year were: Ms Francesca Walker-martin. Chabr Ms Emily fimson. Vie Chair Ms R Evans. Treasurer Iresi8ned 27105120201 Ms Vianna Renaud. Atling Treasurer from 2710512020 Ms Laura Blelbv Ms Deborah Callister (appointed 08109120201 Mr Andy Dodge lappointed 08109120201 Ms Kimberley Harris Mr Mohson Khan Mr Seèmus Mtconomy lappointed 08109n0201 Ms Mcki O'Brlen Ms Patritia Parrott Ms HelynTaylor Iresigned 09109120201 Ms LouisèTaylor-Murison Drjulie Udll lappoSnted OV09120201 Tru5tee5 are not representatlve5 but are elected as indidual5 in their own right. The ratlfied thanges to tht MemDrandum and Artltles ol Assoeiation allow for up to 15 Trustees. who upon tompletion of • thretryear term of office must retlre from olfite, but are ellglble for relectlon. The President of the Association is Dr Geoffrey Copland. CBE. ASET'5 officers for 2020 wert.- Francesca Walker-M•rtin. Chair. Emity firnson. Witt Ch•lr. Rebtec• Evans. Treasurer Ir•sl8nd 27105120201 ènd Wianna Renaud. Acting Treasurer from 27105n020. appointed Treasurer 0810912020. At the Annual General Meeting on 8 September 2020. there were ten Trustees. all of whom wère continuing to serve. and four tO-OPted Trustees (Deborah Callister. Andy Dod8e. 5eamus Mcconomy and J¢Jlle Udelll who We all formalty nomlnated and elected a5 Trustee5. Followin8 the AGM one Trustèe. Hetyn Tawor. $ened leavin8 two vaeancies. These places were subquentty filled followlng call for ctropted Trustees in November 2020. The new cLwtsjoined in January 2020. strurture. Go¥eman¢e and Manalemenl ASET is governed by volunteer lunpaldl indNiduals from member institutio, appoirrted as DirectorslTrustee5. The Trustees meet 5.6 times a year to review reports on all asperts of the thariWs aclivities and to ffoke decisions on poli(v and other matters. The Membershlp elects the Trustett and Officers at the AGM. where they are also afforded the opportunlty to comment on or question any aspect of ASET'S business. Members may also raise a written re501ution to be tabled as part of the proceedings of the Annual General Meetin8. The Memorandum and Articles of AssQCi4tion that were wsed in 2011, and 48ain in 2020, made minor changes to the operational structures of the Assodation and have extended the Membershlp's qovernance powers to Include proxy votln8. Indu¢iion and traini for newtrnstees Whenever new Trustees are appointed. they are expected to be committed to the aims and obje¢tlves ol the charity. New Trustees are sent a copy of ASEfs Mtmorandum and Arde5 of Associaiion. as well as the relevant Ilterature from Companlès House and the Charity Cofflmission ICC3-The Essential Trustee: what you need to kn¢)wl and an ASET Trusteè induction pack. Rls The Trustees examine the major risks the charrty faces each financial year. The charity has developed systems to monfjtor and control these rlsksto miti8ate any Impact that they may have on eharty'5 f4rture. Pa8e 7
ASEr Limited Re ort of thè Trustees for the Year Ended 31 Detember 2020 REFERENCE AND ADMINisfRATIVE DETAILS Registered Company number 01610999 IEngland and Walesl Reglstered Charity number 285104 . Re84Stered offi¢e The Burton Street Foundation 57 Burton Street Sheffield South Yorkshire S6 2HH Trustees Chair of Trustees Ms Francesca Walker-martln University of Central Lancashire Vict.Chair of Trustees Ms Emily Timson University of Leeds Treasurer M5 Rebecca Evans Ms Vianna RenaudlActing from 2710512020 and appointed 08109120201 University of Leed5 Bournemouth UnNersity Trustees Ms Laura Bielbv Ms Deborah Callister Mr Andy Oodge M5 Kimberley Harris Mr Mohson Khan Mr Seamus Mcconomy Ms Vicki 0'8rien Ms Patricia Parrott Ms Vianna Renaud Ms Helyn Taylor Ito 09109120201 Ms Louise Taylor-mvrison Drjulie Udell Durham Univeryty Edinbvr8h Napier University Cardiff University University of Wan¥ick ty. UnNersity of London Ulster University University of Centrnl Lantashi Harper Adams University Boumemouth Univer%ty Swansea University Keele Univerrity University of Portsmouth Independent Examlner Sutton McGrath Hartley limited 5 Westbrook Court Sharrowvale Road Sheffield 5118YZ Approved by order of the board of trUee$ on . and signed on its behalf by: Page 8
AS Limited Re rt of the Trustees for the Yèar Ended 31 Oerember 2020 MsFr cesca Walker-Martin- Trustee Page 9
Inde endent Examiner's Re ASET rt to theTrustees of Limited Independent examlner's report to thè trustees of ASET119821 Limiled l*he CompanVI I report to the charity trustees on my exzminztion of the accounts of the Company for the yèar ended 31 December 2020. Responsrbilities and basis of report As the charity's trustees of the Company land also r(s d1CtorS for the purposes of company lawl you are responslble for the preparation ol the accounts in actordance with the reqU1MentS of the Companies Act 2LK)61'the 2006 Att'l. Having sat15fied mysèlf that the accounts of thè Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respert of rny examination of your charity's accounts as carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carrying out my examination I have followed the Directions given by thè Charity Commission under sertion 145151 Ibl of the 2011 Act. Independènt examiner's statement I have completed my examination. l ¢onfirm that no rnatters have come to my attention in Connection with the examination giving me cause to believe.. accovnting records were not kept in respect of the Company as required by section 386 of the 201)6 Act,. or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 2)6 Act other than any requirement that the accounts give a true and fair view which is not a matter considerèd as part of an independent examination.. or the accounts have rbot been prepared in accordance wr(h the methods and principles of the statement of Recommended Praciice for accounting and reporting by tharities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 10211. I have no concerns and have come across no other matters in connection wr(h the examination to which attention should be drawrb in this report in order to enable a proper understandin8 of the accounts to be reached. Jam rtley FCCA ACA Sutton McGrath Hartley rnIted 5 Westbrook Court Sharrowvale Roa¢J Sheffield Sll 8YZ Date.. Pa8È 10
AS Llmited Statement of Finan¢ial Activitiès for the Vear Ended 31 Oecember 2020 2020 Total funds 2019 Total funds Unrestricted fund Restricted hjnd Notes INCOME AND ENDOWMENTS FROM Other trading activities Investment in¢ome 73A09 73.409 161.338 1.281 Total 74,291 74.291 162.619 EXPENDITURE ON Charitable acti¥ities Advice and information Events & conferences 31.651 63523 31,651 63.523 41,893 107,414 Other 8.551 8.551 12,857 Total 103.725 103.725 162,164 NET INCOMEIIEXPENDITURE) {29N341 129,4341 455 RECONCILIATION OF FUNDS Total funds brought lonvard 264,283 4.554 268,837 268,382 TOTAL FUNDS CARRIED FORWARD 234.849 4,554 Z39.403 268,837 The notes fom) part of these financial statements Page 11
ASEr Limited Balance Sheet JI Drnbel 2020 2020 Total funds 2019 Total funds Unrestricte(I fund Restricted fund Notes FIXED ASSErs Tan8ible assets CURRENT ASSETS Debtor5 Cash at bank 6,325 293,976 4.554 259JM12 4.554 259.002 300,301 CREDITORS Arnounts fallin8 due within one year io (202591 {203591 131,4641 NET CURRENT ASSETS 234.189 4.554 238.743 268.837 TOTAL ASSETS LESS CURRENT LIABIUTIES 234A49 4.554 239.403 268,837 NET ASSErs 234.849 4,554 Z39,403 268,837 FUNDS Unrestricted funds Restricted funds li 234849 4.554 264.283 4.554 TOTAL FUNDS 239.403 268,837 The charitable company is entitled to exemption from audit under Section 477 of thÈ Companies Art 2006 for the year ended 31 Decernber 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Settion 476 ofthe Companies Act The trustees acknowled8e their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair View of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Cornpanies Act 2006 relating to financial statements, 50 far as applicable to the charitable company. Ibl The notes form part of these financial statements Page 12 continued...
AS Limited Balancè Sheet- corrtinu*d 31 December 2020 These financial statements have been prepared in accordance wilh the provisions applicable to charitable companies subject to the small cornpans iegime. The financial statements were approved by the Board of Trustees and authorised for issue on were signed on its behalf bv.. and Ms Francesca Wèlker.Martin- Trustee Vianna Renaud- Trustee The noies form part of these financial statements Page 13
ASET 1982 Limited Noles to the Financial Statements for the Y r Ended 31 December 2020 ACCOUNTING POUCIE5 Basis of preparing the financial ateMentS The financial statements of the charitable company. whith 15 a public benefit entity under FRS 102, have been prepared ITh accordance with the Charities 50RP IFRS 1021 'Accounting and Reporting by Charitie5.' Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irdand. and the Companies Act 2O)6. The financial statements have been prepaied under the historical Cost convention. Income All income is recognised in the Statement of Financial ActNities once the charity has entitlement to the funds, it is probable that the incorne will be received and the amount can be measured reliably. Expendlturt liabilities are Tecognised as expenditure as soon as there is a legal or construttive tsbligatn committing the Charity to that expenditure, it is probable that a transfer of economic benefits wtll be requir in settlement and the amount of the obligation can be meas45red reliably. ExpenditUTe 15 accounted for on an accTua15 basis ar)d has been classified undèr headings thèt aggrègate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actIlieS on a basis consistent with thè use of resources. Governance costs Governance costs are tho* inCUd in connettion with the management of the tharitys assets. organisational administration and compliance with constitutional and statutory affairs. Tanwblè fixed assets Depreciatloll 15 provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment 33% on c05t Taxatron The charity is exempt from corporation tsx on r(s charitable aCtivr(ies. No provision for deter tsx is required to be made in these financial statements. Value Added Tax is not recoverable and is included in the relevant charge for resources expended. Fund accounting Unrestricted funds can be used in accordance with the charitable objectNes at the discretion of the trustee Restricted funds can only be used for particular restrirted purposes within the objerts of the chzrity. Re5trirtions arise when specified by the donor or when funds are tsised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd 15 included in the notes to the financial statements. Page 14 continued...
AS 1982 Llmited Notes to the Financial Statements- continued for thè Yèar Ended 31 Decèmber 2020 OTHER TRADING AcfiviTIE5 2020 2019 Subscriptions Events and conferences 43.018 30,391 43,755 117,583 73.409 161,338 INVEsfMENT INCOME 2020 2019 Deposit account interest 1,281 TOTAL RESOURCES EXPENDED Advice & Inform•tton Events & confererKe Go¥emance Total 2020 2019 2020 6.983 2019 53.5(YJ 2020 2019 2020 6,983 2019 53,509 Event costs Salaries and wages Research. bursaries and partnering Committee costs Rent Printing, POStage and stationery Sundries Bank charges Attountanty Telephone costs Computer costs Depreciation 19,251 19,249 44,921 44,914 7.130 7.129 71.304 71.291 8.756 16.201 8,756 89 4.7(P9 16,201 843 4.587 89 471 1,272 1,238 2,%7 2,890 459 328 2.523 772 65 907 505 1.802 263 144 iii 4,251 148 363 32 2,019 286 47 657 1,439 iii 4,251 1,476 3.625 325 5,047 2,860 47 1.440 1,532 4,407 399 59) 979 88 613 1.190 738 2.284 205 766 2.776 252 153 441 31,653 41,894 59.070 107.414 13.002 12.857 103.725 162.164 Page 15 continued...
ASET Limited Notès to thÈ Financial Ststements- continued fr*r the Year Ended 31 December 2020 114COM¥{EXPENDITUREI Net incomellexpenditurel is stated after d)argingllcreditin81: 2020 2019 Dèpreciation- owned assets 324 400 TRUSTEES. REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. Trustees. expenses None of the dirertors received any emoluments during the year 12019.. £NILI. Expenses wtre paid to executive committee members travelling to meetings. These amounted to £8912019- £8431. STAFF COSTS The avera8e monthly number of employees during the year wa5 a5 follows= 2020 2019 Employees No employees received emoluments in excess of £60,C. TANGIBLE FIXED ASSETS Ct>mputer equipment COST At l January 2020 Addition5 4,654 At 31 December 2020 5.638 DEPREaATION At I january 2020 Char8e for year 4.654 324 At 31 De¢ember 2020 4.978 BOOK VALUE At 31 December 2020 660 At 31 December 2019 Page 16 continued...
1982 Limiled Noies to the Finan ments- contlnued for the Year Ended 31 D*mber 2020 DEBTORS: AMOUNT5 FAWNG OUE WITHIN ONE YEAR 2020 2019 Trade debtors Prepayments and accrued income 390 5.935 6,325 io. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2020 2019 Accruals and tseferred income 20,259 31,464 ii. MOVEMENT IN FUNDS Net movement in funds At 31112120 At I/V20 Unrestrlrt•d lunds General fund 264,283 129.4341 234.849 Restrkted funds Restricted fund 4554 4.554 TOTAL FUNDS 268.837 129,4341 239,403 Net movement in funds. included in the above a as follows= Incoming resources Resources expended Movement In funds Unreslricted funds General fund 74291 1103.7251 129,4341 TOTAL FUNDS 74291 1103.7251 119.4341 Page 17 Continued...
ASET Limited Not to the linancial Statements- continued lor the Year Ended 31 December 2020 ii. MOVEMENT IN FUNOS- contlnued Comparatives for movement in funds Net movernent in funds At 31112119 At 111119 Unstricted funds General fund 263,445 838 264,283 Restricted furtds Restricted fund 4.937 13831 4.554 TOTAL FUNDS 268,382 455 268.837 Comparative net movement in funds, included in the above are as follows= Incomin8 resources Resources expended Movemènt in funds Unrestrlcted funds General fund 162.619 {161.7811 838 Re5trKted funds Restricted lund 13831 13831 TOTAL FUNDS 162,619 1162.1641 455 A current year 12 months and prior year 12 months comned posi(ion is as follows= Net movement in funds At 31112120 At iIV19 Unrestricted funds General fund 263,445 128,596) 234.849 Rèstrirtéd fvnds RÈstricted fund 4,937 1383) 4,554 TOTAL FUNDS 268.382 128,9791 239,403 Page 18 continued...
1982 Notes to the F#)ancial StatemÈnts- Continued for the Year Ended 31 Detember 2020 ii. MOVEMENT IN FUNOS- continued A current year 12 months and prior year 12 nthS combined net movement in lunds. included in the above a as follows.. IntominÉ resources Resourtes expended Movement in fund5 un$tled funds General fund 236.910 1265,5061 128,5961 Rèstrlrted funds Restricted fund 13831 13831 TOTAL FUNDS 236.910 1265.8891 128.9791 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2020. 13. ULTIMATE CONTROWNG PARTY ThÈrÈ is no ultimatÈ controllin8 party. Page 19
AS 1982 Limited Detailed Statefflent of linantial Activitie5 for the Year En d 31 December 2020 2020 2019 INCOME AND E14DOWMENT5 Other tradlng artfvities Subscription5 Events and conferences 43,018 30.391 43,755 117.583 73A09 161.338 Investment Income Deposit account interest 1.281 Total intoming rè50urce5 74.291 162,619 EXPENDMJRE Charitable activities Rent. rates and water Computer costs Postage and stationery Research. bursaries, partner5 Sundries Event costs 4.238 3.263 394 8.756 1.295 6.983 4.128 3,966 3,028 16.201 2,574 53,509 24.929 83,406 Support Costs man3MÉnt Wages Telephone 64.173 1.328 64.162 1,379 65.$01 65,541 Other Oepreciation of tsngible fixed assets 292 360 GovÈrnante casts Trustees, expenses Wages Rent. rates and water Computer costs Bank charge5 Telephone Print, postage and stationery Carried forward 7.130 471 363 112 7.129 459 441 47 153 2.019 11.091 263 8.576 Thi5 page does not forni part of the statutory tinancial statements Page 20
ASET Llmlted Detailed Statement of Financial Attivi . for the Year Ended 31 December 2020 2020 2019 Governance costs Brought forward SundTies Accountan and legal fees Depreciation of t8Agible fixed assets 8.576 144 4.2SI 32 11.091 286 1.440 13.003 12.857 Total re50urce5 expended 103,725 162,164 Net lexpÈnditureifincorne 129.4341 455 This PaBe does not forni part of the statutory financial statements Page 21