A rule which prevents the residual assets of the society being distributed to members. If a society has an asset lock, its rules will usually specify what must happen to these residual assets; normally they are transferred to another asset-locked body with similar aims and objectives to the society that is being wound up.
An asset lock which is baked by legislation (statute); once in place it cannot be removed even with the consent of members. It is possible to include an asset lock rule in any type of society, although only a statutory asset lock in a ‘community benefit society’ is absolutely watertight. Charities and ‘community interest companies’ also have statutory asset locks
Quantitative data is any type of data that can be represented by numbers. This type of data tends to be-numbers based, countable or measurable; mostly important it is quantifiable.
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Qualitative data is non-numerical information and generally tends to be about people’s experiences, perspectives, or opinions. It can be collected through interviews, open ended survey questions, quotes or testiomonials. Qualitative data is an importance way of understanding the impact of a programme or activity on someone’s quality of life.
