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
Sharrov*vale Road
Sheffield
Sii 8YZ
*AA9)IHTR*
2P)10712021
C¢)MPANIES HOUSE
A07
#48

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 placern*nt 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 S￿dent
el To serve as a central agency for the stimulation, discusston and di$5emination of ideas, 8wdance and inforrnati￿ on Higher
Education work based and placement learninq.
To prowde a foium for employe￿. etlucationalists. students and other appropr￿te 8fOUPS and Indfviduals to dIScu￿ and
formulate polkies on Pliaher Educatlon work based and piacernent learning.
ASET runs a staff devdopment programme. and throughout the year nurnerous stsff de¥ebprTrent event5 tske place. Abn8side
these events, A5rf also runs regional hub meetin8$ 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 Synt*￿5 siudy ILeslie Davies)
- Proceedlngs of the ASET Annual Conference lannuallyl
ASET runs an annual competition for students who ha¥e recently retvrned to th*r academlc InSt￿￿tIOn 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. W*wpoints 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 chall*n8es
posed by thè eN*r 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. In￿ea￿nE the frequency and number of
opportunities to engage and prs)viding valuable nelworking Opp￿u￿rI1e5foT 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 Instit￿10￿$. These are primarily email
orfentated task 8roup5. but Occ￿on¥t￿ meet. The group5 are currenty:
-The staff Oevelopment Workin8 fjr041p ISDWGI, leadin8 on developin8the programme of trainin8 events
The Aesearch Workin8 Group IAWGI, leadina on the A$￿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 or8anI￿tsQna1 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 p￿cernent learnin8
- Speclflc tasks related to bu5ine$5 need
Page 3

rt olth•Trutte*S
lor th* Year Ended 31 Det*mber 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 E￿nts
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 tran￿tion 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 tompl*mentary 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 rn*mbtrs. The *v*nt 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 undergrddu*e. 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 d￿￿oPed 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 f￿lOw$.
i. wlc 30th March.. Respondln8 to Covid-19
2. WIC 2nh Aprll: Covld-19: What worksfor you?
3. WIC 1st June- Covld-19= What's next for Plat*m*nts?
Each event attrarted more than 200 ottendee5 over the course of the weei and reKhed 65% of our member instÈtutbn5. A
lurtherweek of Regional Hubs in December 2020 consideied issues around Virtual Studènt Support and attractèd slmilar le¥e15 of
ttendance. Of partitulaT note wa5 the attendance of 1￿MberS from Institutions in the mre remote areas of the UK and lieland,
who were able to attend their first Reglonal Hub be¢au$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¢Stit￿l0ns 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 Da￿d 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 artI￿tIeS 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 re￿nt 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 pr￿Ide 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 attent*Jn 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 throUgh￿￿t the yeaf. In order to ascertain what members were looktn8 for mown8 forward we undertook
membership survey which aspects will be Impler￿nted 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 Organi￿tionS in thè Higher EdUCat￿n 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•S￿ndIng 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 Confer*nt*. 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. Maximi￿n8 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 inStitut￿n 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 I￿11 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 exceptiC*nal 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. s￿h as HESA on the Introductlon of common Instrt￿lo￿II data collectlon on placements and
work based learning
- Worklng with sector a4encles. such as the on the IntrOduc￿on of r￿ler 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 fle￿bilIty 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￿( Pr￿￿resSeS 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•r￿n1 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 obj*tt of the Association is to advante the pr*valtnte. 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 A5￿cIall0n.
Paze 6

ASEr
the Y￿r 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 Ud*ll lappoSnted OV09120201
Tru5tee5 are not representatlve5 but are elected as indi￿dual5 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 re*lectlon.
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•sl8n*d
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 sub*quentty 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 Arde￿5 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 trU￿ee$ 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 d1￿CtorS for the purposes of company lawl you are responslble for the
preparation ol the accounts in actordance with the reqU1￿MentS 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 I￿land 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 D￿rnbel 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 cornpan￿s 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 tsbligat￿n 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 actI￿lieS on a basis consistent with thè use of resources.
Governance costs
Governance costs are tho* inCU￿d 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
Un￿stricted 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 com￿ned 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￿$t￿l￿ed 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
man3￿MÉnt
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