2023-03-31-accounts - The ACE Centre-North

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		~PN
Report of	the Trustees IDirectors	3-9
Report of	the Auditors	10 - 12
Statement	of Financial Activities	13
Balance Sheet		14
Statement	of Cash Flows	15
Notes to the Financial Statements		16 - 26

Reference and Administrative	Reference and Administrative	Reference and Administrative	Information	Information
C~ib					1089313
					4268143
Chairman:					PJWoolas
CEO:					A Reeves
					A C Sever
					Hollinwood	Business Centre
					Albert Street
					Oldham
					OL8 3QL
Auditors:					Wrigley Partington
					Sterling House
					501 Middleton		Road
					Chadderton
					Oldham
					OL9 9LY
Bankers:					Royal Bank	of	Scotland
					Drummond	House
					1 Redheughs	Avenue
					Edinburgh
					EH12 9JN
Solicitors:					Wrigley Claydon
					29 - 33 Union Street
					Oldham
					OL1 1HH
					Rathbone Brothers Pic
					8 Finsbury Circus
					London
					EC2M 7AZ
Trustees at date of this re		orb			PJWoolas	(Chairman)
					L G Coop
					JJones
					R Oldham
					D Reay
					J Devlin
					S N Meredith
Other trustees	who served	durin	the	ear	TWalter (resigned 21.09.22)
					M Ruane (resigned 22.06,22)
					C Sall (resigned		13.06.23)
					A RWalker (resigned 13.07.23)
					M Littler (resigned 13.07.23)
					RW Gregory	(appointed		28.03.23
					and		resigned	03.08.23)

					2023			2022
				Unrestricted	Restricted	Total	Unrestncted	Restricted	Total
			Note	Funds	Funds	Funds	Funds	Funds	Funds
				E	E	E	E	E	E
INCOME
Donations and legacies			2	4,086		4,086	11,892		11,892
Charitable acfiviliesi
Service delivery			3	4,274,338		4,274,338	3,593,258		3,593,258
Other trading activities:
Fundraising	events
Investmenl income			5	94,348		94,348	66,164		66,164
Other			5	5,041		5,041
Total incoming resources				4,377,813		4,377,813	3,671,314		3,6'71,314
EXPENDITURE
Raising funds			7	2,454		2,454	1,412		1,412
Chantable activities:
Service delivery Governance			7 7	4,242,458 47,329		4,242,458 47,329	3,728,059 43,231		3,728,059 43,231
Total expenditure			7	4,292,241		4,292,241	3,772,702		3,772,702
Net incoming resources		before
investment gains/(losses)				85,572		85,572	(101,388)		(101,388)
Net gains/(losses) on investments			13	(272,371)		(272,371)	88,531		88,531
Net income/(expenditure)				(186,799)		(186,799)	(12,857)		(12,857)
Transfers between funds			22
Net movement in funds				(186,799)		(186,799)	(12,857)		(12,857)
Reconciliation offunds
Total funds brought forward				4,096,829		4,096,829	4,109,686		4,109,686
Total funds carried forward			22	3,910,030		3,910,030	4,096,829		4,096,829

		Note	2023 6	2022f
FIXEDASSETS
Tangible assets		12	126,168	138,690
Investments		13	3,342,167	3,526,879
Total fixed assets			3,468,335	3,665,569
CURRENT ASSETS
Debtors		14	544,049	95,271
Cash at bank and	in hand		266,864	727,938
Total current assets			810,913	823,209
LIABILITIES:
Creditors falling due within one year			369,218	391,949
Net current assets			441,695	431,260
Net assets		23	3,910,030	4,096,829
THE FUNDS OF THE CHARITY
Restricted income	funds	22
Unrestricted funds:		22	3,910,030	4,096,829
Total charity funds		22	3,910,030	4,096,829

					Nate	2023	2022
						E	E
Cash used in operating	activities					(402,946	(417,654
Cash flows from investing activities
Interest income						39
Dividend income						94,309	66,164
Purchase oftangible fixed	assets				12	(64,817)	(58,089)
Purchase offixed asset investments					13	(87,659)	(1,259,687)
Proceeds from fixed asset	disposals
Cash provided by (used	in) investing		activities			58,128	1,251,612
Increase/(decrease) in cash and cash			equivalents
in the year						(461,074)	(1,669,266)
Cash and cash equivalents	at the beginning			ofthe year		727,938	2,397,204
Total cash and cash equivalents		at the end ofthe year			15	266,864	727,938

					unrestricted	Restricted	Total	Total
					2023	2023	2023	2022
					6		5	6
2	Income from		donations	and le acies
	Donations				4,086		4,086	11,892
	I egames
					4,086		4,086	11,892
3	Income from		charitable	activities
	Service delivery:
	Centre courses				31,214		31,214	33,123
	Engineering	services			1,000		1,000	2,772
	Protects and		research		3,805		3,805
	Assessments				20,020		20,020	12,308
	Consultancy	snd audit work			3,846		3,846	210
	Publications				5,548		5,548	8,657
	Products				11,092		11,092	2,090
	Voiceitt App							24,458
	NHSincome				4,132,432		4,132,432	3,476,676
	Partnerships		(formerly service level agreements)		65,381		65,381	32,964
					4,274,338		4,274,338	3,593,258
	Income from		other tradin	activities
	Fundraising	events
5	Investment	income
	Interest on listed investments				39		39
	Dividends on		listed investments		94,309		94,309	66,164
					94348		94348	66 164
6	Other income
	Student placements				4,709		4,709
	Other				332		332
					5,041		5,041

Total resources ex ended	Total resources ex ended	Total resources ex ended	Total resources ex ended
					Charitable	activities
							Total	Total
							2023	2022
							8	8
Costs directly allocated			fo activities
Payroll and associated		costs		2,274	1,703,588		1,705,862	1,531,600
Materials					7,567		7,567	4,113
Ad vert i sf ng					4,265		4,265	52,559
Motor expenses					4,451		4,451	2,571
Travel and accomodation					94,693		94,693	79,602
Equipment for service		delivery			1,205,805		1,205,805	931,546
Consultancy					29,001		29,001	31,651
Fundraising costs				180			180	213
Bad debts
Depreciation					58,367		58,367	56,314
Computer costs					64,042		64,042	64,950
				2,454	3,171,779		3,174233	2 755 119
Supportcosts
Payroll and associated		costs			380,375	35,479	415,854	426,944
Staff training					29,1D9		29,1D9	12,599
Personnel, recruitment		and CRB			9,750		9,750	13,017
Rent and rates					147,631		147,631	141,518
Insurance					19,082		19,082	17,838
Light, heat and water					19,930		19,930	14,172
Repairs and maintenance					16,673		16,673	12,642
Printing, stationery	and postage				20,955		20,955	20,480
Subscriptions and journals					24,710		24,710	21,539
Telephone					5,414		5,414	6,335
Equipment hire					1,283		1,283	1,144
Audit						11,850	11,850	9,000
Accountancy					2,100		2,100	2,000
Legal and professional					10,452		10,452	13,473
Bank charges					3,758		3,758	3,777
Sundries and cleaning					4,055		4,055	7,853
Irrecoverable VAT					333,356		333,356	248,217
Depreciation					18,972		18,972	34,838
Loss on fixed asset disposals
External projects					14,136		14,136
Research and development					1,822		1,822	2,980
Computer costs					7,116		7 116	7217
					1 070,679	47329	1,118,008	I 017,583
Total resources expended				2,454	4,242,458	47,329	4,292,241	3,772,702

							Total	Total
8	Staff costs						2023 f	2022 f
	Total staff emoluments	for the year were			as	follows
	Salaries National Insurance Pension (see note 21)						1,611,874 176,043 333,799	1,479,902 150,944 327,698
							2,121,716	1,958,544
9	Staff numbers
	The average number of	full-time		equivalent	employees		and secondees
	duding the year were as	follows.
							Number	Number
	Charitable activities:
	Service delivery						37.9	38.6
	Governance						05	0.5
	Raising funds
							38.4	39.1
	The number ofemployees		whose emoluments			amounted	to more than F60,000 in the year were
							Nliliibef	Number
	Setween f60,000 and f70,000

Net movement in funds is	arrived at after charging	/(crediting):
Depreciation oftangible fixed assets (Profit)/loss on revaluation offixed asset investments Operating lease rentals Auditors' remuneration:			77,339 (272,371) 133,983	91,152 (88,531) 123,176
Audit Other services			11,850 2,100	9,000 2,000

Leasehold	Leasehold	Fixtures 8	Computer	Assessment	Motor
alterations		Fittings	Equipment	Equipment	Vehicles	Total
Cost
At 1 April 2022	90,291	125,596	131,815	600,779	12,528	961,009
Additions		525	1,594	62,698		64,817
Disposals
At 31 March 2023	90,291	126,121	133,409	663,477	12,528	1,025,826
At 1 April 2022	83,789	95,217	117,634	515,382	10,297	822,319
Charge for the period	3,071	7,650	7,694	58,367	557	77,339
Disposals
At 31 March 2023	86,860	102,867	125,328	573,749	10,854	899,658
Net BookValue
At 31 March 2023	3,431	23,254	8,081	89,728	1,674	126,168
Al 31 March 2022	6,502	30,379	14,181	85,397	2,231	138,690
Fixed asset investments
Movement in fixed asset	investments:				2023	2022
					F	6
Market value at 1 April 2022					3,526,879	2,178,661
Additions to investments	at cost				87,659	1,259,687
Net gain/(Iosp) on revaluation						88,531
Market value at 31 March	2023				3,342,167	3,526,879
Fixed asset investments	by type:				2023	2022
					6	6
LIK equity funds					1,736,002	1,842,734
Overseas equity funds					1,603,882	1,681,065
Total listed investments					3,339,884	3,523,799
Cash on interest bearing	deposit				2,283	3,080
					3,342,167	3,526,879

								2023f	2022 8
14	Debtors	and	re a	ments
	Trade debtors							355,868	23,738
	Prepayments		and accrued			income		188,181	71,533
								544,049	95,271
15	Cash at	bank	and in	hand
	Cash at	bank						266,864	727,938
	Cash in	hand
								266,864	727,938
16	Creditors: amounts			fallin		due within one	ear
	Trade creditors							244,800	150,174
	Value Added Tax							6,940	4,095
	PAYE and Nl
	Pension	contributions
	Accruals							62,705	56,373
	Deferred	income						54,773	181,307
								369,218	391,949
	Movements on		deferred		income account:
		Brought forward						181,307	321,937
		Released						(181,307)	(321,937)
		Income deferred				in current year		54,773	181,307
								54,773	181,307

				2023	2022
				6	6
Expiring	within		1 year		38,476
Expiring	within		2 - 5years	606,512
Expiring	affer	5	years

		At				At
		1 April	Incoming	Resources	Investment	31 March
		2022	resources	expended	gains	2023
		5	6	5	5	5
Resricied Funds:
Funds forrestricted purposes
Unrestricted	funds:
General fund		4,096,829	4,377,813	(4,292,241)	(272,371)	3,910,030
Total		4,096,829	4,377,813	(4,292,241)	(272,371)	3,910,030

Anal si	s of net assets between fund	s
		Genera I	Designated	Restricted	Total
		Funds	Funds	Funds	Funds
		5	6	f	5
Tangible	fixed assets	126,168			126,168
Fixed asset investments		3,342,167			3,342,167
Debtors		544,049			544,049
Cash at	bank and in hand	266,864			266,'864
Creditors	due within one year	(369,218)			(369,218)
Net assets 31 March 2023		3,910,030			3,910,030

								2023	2022
								g	E
Net movement m funds								(186,799)	(12,857)
Add back depreciation		charge						77,339	91,152
Add back assessment		equipment		transferred			to clients
Add back (profit)/loss	on revaluation				of investments			272,371	(88,531)
Deduct interest income		shown	in	investing		activities		(39)
Deduct dividend income shown			in investing				activities	(94,309)	(66,164)
Decrease/(increase)	in	debtors						(448,778)	7,144
Increase/(decrease)	in	creditors						~722, 731	~348,398
								(402,946)	(417,654)