Charlty registration niimber 1089313 IEngland and Wales> Cornpany re9lstration number 4268143 THE ACE CENTRE-NORTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ACE CENTRE.NORTH LEGAL AND ADMINISTRATIVE INFORMATION Tr115tees Mr P Woolas Mr T J Welch (Appolnled 11 Decembor 20241 Mr T Hewson Ms J Jones Mr J Devlln Ms U Nasheen {Appoinled 11 March 20251 Secralaiy Mr Anthony Sever Charily number IEn9land and Walesl 1089313 Con)paiiy number 4268143 Rogistered office Hollinwood Buslness Cenlre Albert Street Holllnwood Oldham OL8 3QL Aiiditor BK Plus Audit Limiled Sleiling House 501 MSddlelon Road Chadderlon 01(Jham Lancashire OL9 9LY 8anker$ Royal Bank of Scotland Dwmmond House 1 RedheughsAvenue Edingburgh EN12 9JN Sollcltor5 Worknesl Limlled WoodhouBe Aldford Chester CH3 6JD Investmei?t advlsors Ralhbone Brothers PIC 8 Finsbury Circus London EC2M 7AZ
THE ACE CENTRE-NORTH CONTENTS Page Tru5tees' report Independenl auditQf'S leporl Slalemenl of flnancial aclivities 10 BalanG@ sheet 11 Slalemenl of cash flows 12 Noies lo the Iliiancial slalemenls 13-28
THE ACE CENTRE-NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Ii'uslees preseril Iheir annual report and financial slalemenls for Ihe yeaF ended 31 March 2025. The finai)cial slalemenls have been piepared in accordance wilh the accounting polici8s Set oul in nole 1 to Ilie rinancial slalemenls and cothply wilh the charily's governing documenl. the Companies Acl 2006, fRS 102 "The Fliiancial Reporting Slandard applicable in the UK aiid Republic of Ireland" and Ihe Cl)arilles SORP Accounling aiid Reporting by Charities.. Slalemenl ol Recommended Praclice applicable lo charilies preparing Ihelr accounts in accordance with 11)e Financial Rpporling Slandaid applicable in the UK aiid Republic of lieland (FRS 102)" Objgctlves and a¢tivlties The Ace Cenlro's Chaiilable objects are: To advancé, promote and encourage educalK)n and léarning opportvnilies for people of all allos whos8 physical and communicallon diifiGullies are the primary caijse ol thei( disabllilios, in particular bul wllhoul prejudice lo th8 generallly of Ilie loiegoing lo provide a locus for1118 use of mlcroeloclronlcs and other alds lo cominunicalion. b) To provlde opporlun51ies for such Individuals lo improve Ihelr skills or abililies. To provlde, admlnlsler aiid manage Assossmenl and Advlce Cenlres for such individuals. dl To provlde advlce, resources and Iraii)Ing f8¢illlies lo parenls, teachers, Iherap1518 and medical staff and olhers involved wllh physlcally disabled communicalion.impaired people, To employ ski118d slalf, expèrts. advisors, teachers, Iheraplsls, educallonallsls and others, eilhet In Training and Asse55menl Cenlres or elsewhere, To arrange, promote and organise courses. conforences, training s85slons, vocalional and In service Iralning, semii)ars dnd open days. gl ro develop sothvarelhardwafe and le8rning techniques. lo collaboiale wilh any companies, indlvlduals, parlnei'shlps, businesses, organisalions. bodies and porsons for the furtherance of the Company'g objecliv8s and lo develop access devicp.s, slralegle8 and aids for cornmunicalion for poople wllh physical and commui)icallon difflcullies. h) To Slirvey and evaluale soare and producls and lo galher, publish and disseminate Inforiiialion. To eslahllsh, malnlain and develop libraries, resource cenlres, dalabaiiks, assessinenl facilllles and equipment, and lo make any of the same available for use by way of loan. lo communi¢alion-impairpd people, parents, chlldren, prolessional advisors, niedical slaff, local aiilhorilies and olhers. This yoar the Ace Cenlrg'5 main aclivllles have been lo deliver ass2ssinenl, Iralnlng aiid Inlorinalion services lo fiillil OUT obligallons Lind9r the NHS Eiigland (NHSE) Spe¢iali5ed Health Comrnissioning coiilracl which has beo gwaided lo Ace Cenlre lo provlde specialised augrnenlallve and allernalive eomniunicallon IAACI s@rvices for ellgible children and adulls in (he Norlh Wosl and Thames Valley & Wessex regions of England. The conlracl origSnally ian from 9th Decomber 2014 10 31sl March 2018. bul wa5 subsequenlly exlonded, wilh (lie cuiienl conlracl running lo 31 March 2025. In addition, Ace Cenlre Is in the process of idenlilyin9 polenlial upporlunilies for allernallve incomo geiierallon slrearns, Tlie Trustees are mlndfLII of Ihe Charlly Con)misslon gijidance on publio benefil and belleve that th8 details sel out above and In Ihelr report generally, clearly identify Ihe inlended beneliciaiies of the tharily's aclivities and clearly demonsli.ale Ilial Ihoy are loi the public benelil. PLiblic be17elil The Iruslees have pald diie regard lo guidance issued by Ihe Charily Commission in deeiding what aclivllies Ihe charily should underfake.
THE ACE CENTRE-NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢hSevements and perfpimance Slgi)ificanl aclivili83 end achffov8menls agains1 obj8clives During the year 2024125 Ace Cenlre has adopted a new S_yeai.vision and idenlified key slraleglc themes, Ovr Vlsion is.. To be recogiii5ed as a leading voice in AAC and AT in Ihe UK -ro deliver more services lo more people than al any previous point To adopl a pioneering approach lo lechnologlcal development and adoplion To amplify our Impact This vlslon is underpinned by locusing on Dur Identifietf slralegic Ihemes.. Buildlng effeclive partnership8 Encouraging and enabling innovalion Service development through co-producllon Produclno the most approprlale solutions Bullding efleclive teams, and the syslems lo enable Ihem Ensurlng effealive governance To Ilils end, the managemenl of Ihe centre have agreed the followlng long-lerm objeclives lor Ace Cenlre along wllh a suinmary ol achlevèinenls lor 202412025: Obleclive I.. To provide quality servlces lo meel the needs of Indlv5duals who requlre ATIAAC and people who support Ihein. Ace Centre has conllnued lo provide ils core services, Includin9 those commlssioned by NHSE, In addilion, AGe Centre has oonlinued lo invest in tho development and delivery of key slralegic areas, including Re$e8reh and Innovallon, Tralning and Learning, Parlnershlp5 and Consullancy, Engineering, Inforinallon and R8sources, and local AAC and AT SeiCe developmenl. This has included Ihg dev&lopmgnl of bespoke englneering and technical solulions for 8 wlde range of clients. inveslmenls In softwarè dèvelopmènt lo provlde enhanced user experienc(>, and i11volvemenl wilh a number ol co-produclion opportunllles lo ensure Ihe developmenl of person- cenlrèd services Ilial pul the ne8ds ol people al Ilie heart of all decision maklng. Oblècllv8 2., Raise awareness of Ihe ¢enlie 11)roiigh markellng and publicily materlals. Ac8 CenlTe lias conllnued lo invest In the employment and development ol (fedicaled slaff lo support the maTkeling aclivSly. Ace Ceiilre has alleiided awareness raislng events and i)etworks on a local, regional, national and interndlional level lo further devel)p parlnerships and servlces lo ensure all activilies continue lo be diiveft by evolving n&eds of the people and communili8$ we serve. Inveslmenl in Inalerials including our website and SOGial media reacli has also been invesled In dLiring Ihe ye8r. Objecllve 3.. Slralegically Influence opportunilles lor fulure AACIAT provlslon at a reglonal and national ltrvel,. Ace Cenlre has ¢onllnued lo engage wilh and invest in Ihe All Party Parliamentary Group for A$5islivp Toclinology, and collaborale wilh the ATech Policy Lab, in partnership with Policy Coniiecl and BournemoLilh University. Ace Ceiilre continues lo be represenled Lin Ihe AAC Advisory Group, which oversees the development of NHSC Speclalised AAC Services, and conlribules lo a wide spectrum of nalioiial NHSE woTking parties. Ace Ceiitre was also proud to be a parlner In a research project conimissioiied by Ihe Departinenl of Healll) lo èxplore workforc& ski115 development williln the AT onvironment, whlch wlll l)elp lo shapa fiilure poliGy decisions and resoiirce alloealiL)n8. Objective 4.. Develop buslness syslems lo control, monilor Jnd develop the organisalion. AGe Cenlre continue8 10 Invest In and devBlop ils Sl)ared SeiCe5 direclorale, viowing Iliese 5ervioes (Flni7nce, HR. IT, Admini51ralion} nol as buslnes5 SUPPOrt fiinellons, bul a5 buslngss-erilical Itjnclioiis. The cenlre achieved Cyber Essenliirls Plus aocredilalion and has conlinued lo invesl in IT infra51tuclure Io sUPI)ort enhanced eificiency, governance ind elfecliveness of our services. Objective J.. Oplimiqe revenue5 from the provislon of services and Ihe delivery of projecls bolh from reslrlcled and unreslricled sources. Ace Cenlre conlinues Io SllPPDrf Ihe work of a dedicated Management Group lo co-ordinalo aiid develop services outside of our NHS conlracl. This iiicludes Training and Leariiiiig, Partnersliips and Consultancy. Researcli aiid Innovation, Infofnialion and Resources and Local AAG ai)d AT service developmenl.
THE ACE CENTRE-NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnancial revlow The resull foi Ihe year has been a deficil of £458.673 which compares lo a surplus last year of £152 974. In Decenibei 2014 the Cenlre wa5 awarded a subslanlial contract by NHSE lo deliver ils servlceb ia the Norili Wesl and Th&mgs Valley & Wessex regions. The current conlracl lias been extended to March 2026 and our aiin is lo become the recognised providei" beyond Ihal dale. The NHS conlracl is Ilie ¢haiity's principal Soufce of fundliig and geiieraled income ai)iounliiig lo a lolal of £4,396,127 during Ilie year12024'. £4,060,919). The ii)Vgslmoiils wilh Ralhbone's generated iiiveslmenl Income of £103,936. compaie(J wilh £104,518 lasl year, and an unrealisod dellcil of £28.195 (2024., surplus of £235,832> on the revalualion of those inveslmen151o market value al the year eiid. Th8 balance sheel shows Ihe charily's nel a5sels lo have decreased from £4.063,004 al 31 Marcl) 2024 lo £3,604,331 al 31 March 2025, wliich remains a slrong position ai)d 11)e Iruslees are oplimislic that (he charily cali Lonlliiue to meel Ils objectives. A careful review of likely fulure income and exp&ndilure has been ImpleJRenled and we are sa1151ied that the Centre can ¢onlli)Lie lo operale effaclively for the loreseeab5e future. ResaTh&s policy 'l-he reserves policy is lo mainlain suff18n1 unresliicled reseNes lo enable Ace Cenlre lo conllnue delivorfng 118 Core selvices for a mlnimum of Iwelve months, al ils eurrenl capacity, in Ihe event of il losing Ils primary source of Income. Ace Cenlre runnlng costs are Increasing as our NHS aclivilles conllnue lo expand. Consequently, lh8 minSmum level of reserves requlred lo Inainlaln Iwelve monlhs, runnlng c051s, including redundancy payments, is increaslng as our slaff leams and aclivilies expand across bolh offices. This has iesulled In a continual incr&ase In Ihe number of acllve cllenls wllhin our client m8nagemenl system, an Increase In the volumo of equlpinenl lo be niainlained and expansion In the lechnical services requlred lo support Ihis equipment across bolh reglons. Al 3131 March 2025, the Centre had unreslrlcled reseNes of £3,604,331 whlch is fell lo be an acceplable lev91 and this will be fornially reviewed on an annual bas18. In 89reeing this level of fesetves, Iruslees havc taken Into conslderallon add511onal cosls Ihal coiild be Incuired in the evenl of no alleinalive funding being idenlified, including ediindaiicy and leasing Gommilmenls. They have also taken Into consideialion that the IDvel of ieserves would cover all core operating rosls incliiding provlding NHS clienl eqvipmenl. 117vesliiienlpolicy Declslons about inveslmanls are made by Ilie Iruslees afier taking approprlale Pfofessional advice wl)eie necessary aiid Inveslinenl pèrformanco Is regular reviewed. Th6 charity curreiilly l)as approxlmalely E3.6in Invested wilh Ralhbone Inveslmenl Manageineiil. willi Ihe objeclivg of lrying lo achieve a higher rale of reluri) on those funds compared willi leaving Ihem on bank deposit, whilsl sllll being ablè lo access them if requlr&d. Furfhef details ol those inveslmenls are shown in note 13 to the accounls. fvlajori?.sks The Iruslees ar¥ mindful of (he rlsks both inleinal and exlernal that the charily faces and, where approprlale syslems and procedure8 have been established lo millgale those risks. Internal Control risks have been minimlse(i by having proce(iures for tho aulhorisalion of all 15nancial Iransaclions. HR advice is taken iegardlng omplDymenl 5ssuos and all posts wilhin th6 organisalion are subject lo enhanced DSS ¢hecks. as Ihe charily deals wllh vulnerable benefifjiaries on a daily basls. There are heallh and safely procedures and iosurance cover in relation lo piiblic and employer liability. Tlie Cenlre lias fidelily guarantee insurance lo protect Cen1 staff and Trustees against financial impropriety. For this Pfoleclion lo be available a slricl sel of financial slandarrls has lo be in place and adhered ID, In addilion in ordei. lo Ininlmlse Ilie impacl of105ing Ace Cenlre's PTimary source of income in the fulure il Ihis Were lo occur, ihe Trustees have agreed Ihe reservps policy shown below. Finai)cial risk relating lo fixed asset investments is deall with in Ihe note lo the accounts.
THE ACE CENTRE.NORTH TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods The followlng operational objectives have been agreed for Ihe P8Tiod 2025.2026.. To revlew and refresh the Values ofAce Centre- Ihese will b8 launched in Aulumn 2025 To review management slrucluie lo ensure appropriale ski15 mlx, filness for purpose. valuè and sus1ainabllily, To ensure the iiicluslon of slaff Tepresenlallvas al Ouf Trustee meellngs. To review our Memorandum and Articles. To 6xl8nd data security Iraiiiiiig lo a wider Gol)ort of staff. To focu5 on access to all services lo the wider communlty. wllh specific work in relailon lo languages other than Ei)gllsh (LOTE), To continue lo develop a profitable Ace Cenlre Irainlng service, develop a broad porlfolio of learnlng opporlunlli8810 meet Ihe needs of our slakèholders, and grow Ace Cenlfe Learnlng as a brand. To further grow our repvlallon as a preferred lead or partner forATIAAC research wilhin Ihe R&D comn)unity. To allracl new Trustèes lo Ace Cei?Ire lo relle¢l Ihe needs of an inclusiva, outward facing ¢harily and thè cominunilies we serve, To continue lo improve performance on the dellvery ol speciali5ed AAC servlces In the North Wesl England and Wessex & Thainos Valley reglons lo ensure we continue lo be tl)e preferred piovlders wllhin those aieas. To develop a iobusl system lo monitor effecllveness ol Indivldu81 projects and product5, lo contrlbulé lo develop a sliong and 5uslalnable income 5tr8arn from currenl and future prol¥cls and pioducls. structurej governan¢e and manageincnt Ihe charily Is a company IlmilÈd by guarenlee governed by 115 Momorandvm and Articles of AssoGlallon. 11 is Tegislerod as a charity wllh Ilie Charily Commission. Meinber8hip of Ilie company al 31 March 2025 stood al seven members comprlslng Oldliam M81ropolilan BoroLlgh Councll and six Iruslee¥ as indlvidual members. The Iruslees, whc> ale also the direclois lor the purpose of Gompany law. and who seNed dLtrlng Ihe year aiid up lo the da18 01 signalure of tho financ121 slalemenls were-. r P Woolas Mr T J Welch (Appoinled 11 December 20241 Mr T Hewson Ms J Jone5 Mr J Devlin Ms U Nasheon (Appoinled 11 March 2025) ReGruilmeiil aiid ai)pointn18nl ol Iruslees Members ol IliB Board of Trustees are drawn from represenlalives of Ihe local aulhoTily and ii)divldual represenlalives refleGling Ihe skills, experience and experilse requiied Io suppoti the work of The Ace Cenlre.
THE ACE CENTRE-NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 The company's currenl policy concernin9 the payment of Irade creditors is lo follow Ihe CBI'S Proinpl Payors Code Impies are available frorn Ilie CBI, Cenlfe Poinl, 103 New Oxlord Slreel, London WC1 A 1 DU). The coinpany's current policy conceining Iho payment r)f Iiade creditors 1510: sallle Ihe terms of paymanl with Suppliers whoii agreelng the lorms of each Iransaclion., ensure that suppliers are made awaro ol the tefms of payment by inciuston of Ihe relevant leims in ronlracls., and pay in a¢¢ord8n¢e wilh the cnpanY'S conlraclual and other legal obligalions. Orgai?isalional slriicliirg The board of Iruslees nofinally meel four Ilmes Èach year and the aiinual 9en8ral n)eeling is lo be held imniedlalely prior lo Iho December meeting. Issues arlsiiig between meellngs Ih81 requlre Ihe con$ideralion ol all Iruslees are deall wSlh by correspondence. The day lo day aclivilie8 ol Ihe centre are carrled out by Ihe A¢e Conlre CEO and 51aff, wilh Ihe CEO reporting back lo the Irvslees al each board meellng. The arrangem¢nls for s811STrg Ihe pay of key management pèrsonnel are reviewed annually by Ihe boaid of Iruslees. Al presenl lovels of pay are allgned with NJC Pay scales and any changes are bonchmaiked wllh local governixenl pracllce. The cenlre Is nol dèpendenl upon the servlces of unpaid volunleers, donalions or ollier Inlanglble Income, although il Is keen lo encourage voliinleer involveinenl should il be offered. Induclion and Iralning of Irusl88S Recent recruits lo The Ace Centre have heen offered a day's forrnal Induelion li) addition lo personallsed Inducllon, based on the needs and Interes15 01 Individual Iruslees. Members of the charily and Ils Board of Trustees aT8 drawn from lo¢al business, educallon and Irainliig, and volunlary 59¢lor communities, Close working relalionshlps exlsl between Ihe Charily and the58 represenlalives, which have provèd Invaluable lo tho chaiily Iii esl8blishing improved links within Ihe community and idonlifying relevaiil policy developments and prospeclive funding. Stalemont of Irustees, respon$lbS1ities Tho Irusle8s, who are a150 Ihe direclofs of The Ace Cenlr&-Norlh for the purpose ol company law, aro responsible for prF)parlng Ilie Trustees, Report ai)d the finaiicial slalemenls in a¢¢ordancé wilh applicablè law and United Kingdoin Accounling Standards (United l<ingdom Generally Accepled Ac¢ounling Practice). Company law requires Ihe Iruslees lo prèpare financial slaleinenls for each flnai)cl81 year whlch give a Irue and fair view of the stale ol affairs of Ihe charily and of lh8 incomlng reSoUrS and applicallon of resources, includlng Iho income and oxpondiluie, ol Ihe charitablè company for Ihal year. li) pieparing Ihesg financlal slaleinenls. Ihe IrusleBs are fequired lo- seleGI suitable accounling policies arid Ihen apply Ihem consislenliy,. obser4e the rnelhods and prSnclples in the Ch8rilie% SORP., make judgemen15 and eslimales Ihal arts reasonable and prudenl., slate wlielher applicable UK Accounling Standards have been lollowed. subjecl lo any material deparfufès dlsclo$od and explained in the financial s18leinenls.' and prepare Ihe financial 51alemenls on Ihe going concern basis unle3s FI 15 inappropi'lale lo presume that th8 cliarily wlll continue in operation.
THE ACE CENTRE-NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trusteès are responsible for keeplng adequale accounting records Ihal disclose with reasonable accuracy at any lime the financial posilion of the charily and enable Ihem lo ensure Ihal Ihe linanclal slalemenls comply wllh the Companies Acl 2006. They are also responsible for safeguarding the asse15 of Ihe chaiily and henGe for laklng reasonable sleps for Ihe prevenlion and deleclion of fraud and other Irregularitiès. ent as to dlsclosure to our audltors State In so far as Ihe Trusle8s are aware al Ihe lime of approving Ihls report There Is no relevant audit inlormallon, b81ng Information needed by Ihe audllor In conne¢llon wllh preparlng Ihelr report, of whlch the auditor Is unaware, and The Irus18es, havlng made enqulrles of fellow dlreclors and Ihe audil Ihat they ought lo have Indlvldually taken, have each taken 811 steps Ihal helshe 15 obliged lo lake a5 a director in order lo make themselves aware ol any relevanl audil inloimalion and lo eslabllsh Ihal Ihe charlly's audllor Is aware ol 11)al Information. Com IlanGe with accountSn stand d3 The Irusleos confirm Ihal the financlal slalemenls comply wllh current slalulory requlremenls. the requlremen15 01 the company's memorandum and articles of asswialion and the iequiremenls of lh8 Charities SORP (FRS 1021. The report has been prepared In accordanc8 with the Slalemenl of Recommended Pfaclice Accounllng and Reporilng by Chari1Ses and In accordance wllh the spgGial provisions of Part Vll of the Companles Acl 2006 relallng lo small companies. Audltor In accordance wllh the company's artlcles, a resolullon proposlng Ihal BK Plus Audil Llmlled be r8appolnled as audllor of the company wlll be pul al a General Meeling. The Iruslees, report was approved by Ihe Board of Truslees. Mr Anthony Sever Company Secretary Dale: l.o.2%......
THE ACE CENTRE-NORTH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ACE CENTRE-NORTH Opinion We have audited the linanclal slalemenls of The Ace Ceiilre-North (the 'charily') for the year ended 31 March 2025 which comprise the slalemenl of linancial acllvilie5. Ihe balance sheet, the slaleinenl of cash flows and nole51o the riiianci21 slalenienls, Including signific8nl accounting policies. The financial reporting framework that has been applied in Ihèir preparalion is applicable law and United Kingdom Accounling Slandards, IncldIng Financial Reporting Slaiidard 102 The Fiiianci81 Roporting Slaipdaid applical)lfj in Ihe UK and Republic of lièland (United KiiiGdoni Generally Acceplod Accounlii)g Praclice). In our opinion, thè financial slalenienls.. give a true and fair view ol Ihe stale of Ihe charitabl& Company's affairs as al 31 Maich 2025 and of ils incoi)Ilng resources and application ol rosources, for (he year Ihen ended.. hav8 been properly prepaied In accordance wilh Uniled Kiiigdoin Geiieralty Accepted Accounllng Practice., and have been preparod In accordanoe wllh Ihe requlremenls of the Companies Act 2006. Basls for opliiloii We condu¢led our audll in accordance wllh Inleynalional Standards on Audiling {UKI IISAb (UKI) and applicable law. Our responsibilllies uiide.r those slaiidards are fufllier describod in the Aiidilofs respoiisibililies for 1178 euclil of 117è llnai?clal slalgipenls secliDn of our report. We are independent of the chaiily in accordance wllh Ilie elhlcal requlremenls that are relevant lo our audit of the financial slalemenls In the UK. including Ihe FRC'S ElliiLal Slandard, and we have fulfilled our olher elhical responsibililies in ac¢oidance with Ih8so requiremenls. We believ& that the audll evldence we have ob121ned Is suificienl and appropriale lo provlde a basis for our opinion. Coneluslons relatlng to going concorn In audllln9 the financl81 slalemenls. we have concludgd Ihal Ihe Iruslees. use of the going concern basls of accounling Iii the pfeparallon of11)e lTrnancial sl8lemenls Is appropriale. Based oli the work we have performed, we have nol Idenlifled any malerial iincertalnlies rolaliny lo eveiils or condillons that, individually or eollecllvely, may cast signifieanl doubl on Ihe charily's abllily lo continue as a going concorn for a period of al leasl twelve months from when Ilie linancial slaleinenls are aulhorlsed for Issue, Our responslbilllies and Ihe iespon8ibilllies of the Imslees with r8specl Io going ci)ncern ale descilbed In Ihe relevanl sections of Iliis feport. Other Informxtlon The olher informallon Comprises the informalion In¢liided In 11)e annual rtsport other Ihan 11)e fliiancS81 slalemeiils and our auditor's report Ihorcon. The Iiusleos are responsible for Ilie other informalion conlained wilhin Ihe 811nual rtsporl. Our oplnion on tho financial slalofflenls do8s not cover Ihe other inforinalion and wo do iiol express any IOTM ol as5UTance concluslon Ihereon. Our responsibillly is lo lead Ihe olher information and. Iii doing so, conslder whether Iho other Inlormallon 13 materially iiiLon3islenl with the financial slaleinenls or our knowledge obtained Iii Ilie course of the audll, or olhetwise appears lo be Inalerially misslaled. If we idei)lify sucl) n)alerial Inconsistencies or appareiil malprial misslalemenls, we ale fequirgd lo delermlno whelher Ihi.s gives ris¢ lo a lalerial niisslalemenl li) the fiiiancial slaleinenls themselves. If. baspd on the work we have pgrformed. we coiiclude 11)al Iliere is a material iisslalenienl ol this other inforn)atioii. we are requlred lo report Ihal facl. We have iiolliii)g lo report Iii Ihls re9ard, Matters on which wè are reqliired to reporl by ex¢gPtlon Wo have nothing lo report in respecl of the following mallefs In relalion lo which the Charilies (Accoun15 and Reports) Regulalluns 2008 requires us lo report lo ynu if. in our opinion-. the infofmallon giv8n in Ilie linaiiclal slalemenls is inconsislenl in aijy malerlal re5pe¢l will) tho Iruslees, report,. or sulficlenl accounting r&Gords have nol been kepl., Dr the financial slalenienls are not in agreeinenl wilh Ihe accounling iecord5,' or we have nol recpiv8d all the informalion and explanalions we requlre for our audit.
THE ACE CENTRE.NORTH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ACE CENTRE-NORTH Respon8ibilltles of trustees As explaliied mOTe fully in the 51alement of tFuslees' responsibililies, Ihg Iruslees. who are also the directors of the charily for Ihe puipose of company law, are responsiblo lor the preparation of the financial slalemenls and for belns $81isflod that Ihey give a true and fair view, and (or such inlernal control as Ihé ITilSlees determine Ss necessary lo enable the preparation ol finaii¢ial slalemenls Ihal are free from material misslalement. whelher due lo fraud or 8fror. In preparii)g th& linanci81 slalomenls. the Iruslees are responsible for assessing Ihe charity's abilily lo coiilinue as a going coi)ceTn, discSosif)g, as appll¢able, mallers related lo going concern and u51ng the going concern basls of accoiinling unless the trustees oilher inlend lo liquidate the chaiilabla company or lo cease operations. or have iio realisllc allernalive bul lo do so. A vdS1o$ respoiislbllities for the audit of tho financlal statements We have been appointed as audilor undèr seclioi) 144 of the Chaiilies AGI 2011 and report In accordance wilh Ihe AGI and relevanl r8gulalions made or having effecl Ihereundor. Our objectives are lo oblaiii reasonable assuranc6 aboul whether Ihe financial slalemenls as a whole are free from nia18rial misstalemernl, whelher due lo fraiid or error, and lo issue ali alidilor's report Ihal includes our oplnS0n. Reasonable assiiranre is a hlgh level of assurancè but is not a guarantea Ih31 an audit conducted In accordance wllh ISAS (UK) will always delecl a maleri31 mlsslalemenl w116n il exists. Misstalemenls can arise from fraud or ei'ror and are considered materi81 il, IndSvldually OT In Ihe ag91'egale, they could reasonably be èxpocled lo influonce Ihe economic decisloiis of Lssers taken on Ilie basis of these fiiianclsl statemei)Is. Irregularill&s, Including fraud, are inslances of non-compliance with laws and regulalions. We deslgn PTocedure8 In line willi our responsibilities, outlined above, lo dolocl maleiial misslalem8nls in respèct of iTreuulari118s. including fraud. The exlenl lo which our PfoGedures are capable of delecllng irregularllles. including fraud, is detailed bplow., Based on our underslandlng of the charilable company, w8 id8nlifi8d that Ihe prindpal rlsks of non-complianc8 related lo Iliose laivs and regulalion5 Ihal have a direcl impacl on the financial slalemenls such as Ihe Companl8s Acl 2006 and the Charities SORP (FRS 102), We ev3lualed managemenl's Incenllvf2S and opporiuni1188 for fraudulent m2nipulallon ol lh8 financi81 slalemenls { Including the iisk ol overiide of controls), and delerinii)ed Ihal the princlpol risk5 were related lo posling inappropriale journal enlries lo manipulale flnanclal resulls 2nd manageiiienl bias in accounting eslimales. Appfoprlale audll procedures were perfoimed lo addie55 Ih05e risks Including lesling journal entries and challenglng assuTripllons and judgemeiils made by maiiageinenl In 11)elr signilicai)l accounting eslimales. There are Inherent limilalions in Ihg audit procedures described above ai)d the fLlrther removed non-compllance wilh laws and re9ulalions Is Irom the evenls and lyansaclions reflecled In the flnancial slaleinenls, Ihe less likely we would becomc aware of il. Also. the risk ol not deleclino a ml¢lerial mis51816menl due lo fraiid Is hlghor 11)an the risk ol nol delecling one re9ulling from error, as fraud Inay Involv8 d81iberale Qoncealmenl by, for exainple, forgery or inlenlion81 misTepresenlaligns. or through collusion. A furthor descrlplloii of our responsibilitiès 13 Èvailable on the Financial Reporting Couiicil's websile al.. hllps'.11 www.Irc.org.uklaudilorsrespoiisibllilies. This desuiplion forrns part of our aiidilols report, Uso of oiir report Tl'ii5 report is Irade solely lo Iho chailly's Irustees, as a body, In accordance wilh Pari 4 0111)e Charities (Accounts and Reports} Reglilalions 2008. Our audil work lias been ur)detl2ken so 11)al we Inighl slale lo Ihe charily's Iru51pes Ihose mallers we are requirèd lo stale lo Ihem in an audilor's r&porf and for no other purpose. To tho lu11@sl extent pcrinilled L)y law, we do not a¢cepl or assiirne responsibilily lo anyone other than Ih8 charlly ar)d Iho chai'lly'5 Iruslees as a body, for our aiidil WOTk, for this reporl, or for tho opirkions wa have formed.
THE ACE CENTRE-NORTH INDEPENDENT AUDITOR'S REPORT (CONTINUED> TO THE TRUSTEES OF THEACE CENTRE-NORTH DGminlc Huxley ACA (Senior Statutory Auditor) For and on behalf of BK Plus Aiidil Limiled, Slalulory Audilor Chartèred Certified Accouiilanls Sterling House u01 Middlelon Road Cliadderlon Oldham l_FJncashir OL9 9LY Dale., io 8K Plus Audit Limiled is eligible for appoiiilmeril as audilor of Ihe ¢harily by virtue of ils eligibility for appoinlmenl as audilDr ol a Lompany under section 1212 of the Companies Act 2006.
THE ACE CENTRE-NORTH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre51rlcted Restrictod funds funds 2025 202S Total Unrestrlcted Restricted f unds fiinds 2024 2024 Total 2025 2024 Notes Income and endowments froin.. Donations and legacies Charilable activilies Other Iradlng aGliv11168 Inveslmenls Other income 16.785 4.500,866 3.791 103,935 S83 11,146 27,911 4.SOO,866 3.791 103,935 583 4,041 4,237,698 5,370 104,518 4,959 9,OOQ 4,237,698 5,370 104,518 Total Income 4,625.940 11,146 4,637.086 4,351.627 4,959 4,358,588 Expendltiire on: Ralsing fiinds Charilable acllvi1I8S Olh•r expendlliire 3,764,270 1,285.831 6,317 11,146 3.775,416 1,285,831 6.317 3,286.134 1,144,B64 3,487 4,959 3,291,093 1,144,864 3,487 14 Total expend5turg 5,056,418 11,146 5.067,564 4.434,485 4,959 4,439,444 Nel gainslllosses) on Invesln)onls 15 {28,195) (28,195) 235,832 235,832 Net incomel{expei)diture} and movement In funds (458,673) {458,673) 152,974 152,974 Beconclllatlon of funds: Fund balanc85 al l April 2024 4,063.OU4 4,063,004 3,910,030 3,910,03CJ Fund balanGes at 31 Marcli 2025 3,604.331 3,604.331 4,063,004 4,053,004 Tlio slalemenl ol financi81 acllvllles includes all galns and losse3 re¢ognised in Ihe year. All ii)come and gxppndlllire dÈiive froin conlinuing aclivilies. 10-
THE ACE CENTRE-NORTH BALANCE SHEET AS AT31 MARCH 2025 2026 2024 Notes Fixed assets Tanyible assels Investments 17 18 213,618 3,365.949 146,378 3,599,107 Curr&ht asset5 Deblors Ca$h at ban1( and in liand 3,579,567 3,745,485 20 148.328 195,898 171,263 540,913 344,226 Gredltors,, ainounts falllng due wilhln orie yeai 712,176 21 {319,462) (394,657) Net current assets 24,764 317,519 Total assety less current Ilabllllles 3,804,331 4,063,004 The fLinds of the charlty Unreslricled fL+nds 25 3,604.331 4,063,004 3,604,331 4,063,004 The company18 eiilllled lo Ihe exemption from (he audil requiremenl conlained in secllon 477 of the Companie5 Act 2006, loi the year ended 31 March 2025, Thé directors 2cki)owledge their responsibililies for comptylng wllh Ihe requireiiienls of the Coinpai)les Act 2008 willi iespecl lo actounling records and Ihe preparalioii of fiiiancial slalerneiils. The fin<incial slalemenls were approved by the Ifuslees on . 10.17. LO&£ Mr J Devlin Tru3teo Conipaiiy regislrallon number 4268143 (Eng12nd and Wales) 11
THE ACE CENTRE-NORTH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 Notes Cash flows from operating actlvitles Cash {absorbed by)Igeneraled Iiom operalions 31 {468,751) 310,262 Invesllng actlvllles Purchase ol lan9ible fixed assels Proceeds from d15P05al ol laiigible lixed assets Purchase of inveslmeiils Proceeds frorn disposal ol Inveslmenls Inveslmènl income recelved (185,746) (119.6231 583 (21,108) 204.964 103.935 104,518 Net Ggsh generated fromllused Inl Inveslliig actlvllles 123,736 136,213) Net Gash generated from flnanclng actlvilies Net Idecreaselllncroase in cash and Cash equlvalent$ {345,01 S) 274,049 Cash and Gash equivalents al beglnnlng ol year 540,913 266,864 Casl) and cash equlvaleiits at end of year 195,898 540,913 12-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 niARCH 2025 Aecountlng pollcies Charity informallon Tl)e Ace Cenlie-Nortl) is a comi)any limiled by guaranloe. The members of the company are drawn frotn Oldliam's civic comniunily and from business. education and Iraining, and volunlary sector coiiiniunllies e15ewheie. In Ihe event of Ilie charily being wound up, Ihe Mabllily in respecl of tho guafanlee is Ilniiled lo £10 per member of Ilio Lharily. l-he chanly was inGorporaled in England and the dddiess ol ils r6glstered oflice Is Hollinwood Bu8iness Cenlre. Alberf Slreel, Oldl)arn, OL8 3QL. 1.1 Aceountliig coiivention The fiiiaiicial slalemenls have been Prepared ii) accordance wilh the chailly's governing document, the Companies Acl 2006, FRS 102 "The Financial Reporliiig Standard applicable iii Ilie Ul< and Rppublic of Ireland" and the Charities SORP "Aecoui)15iiy and Roporting by Charllias: Slalemeiil of Recommèi)ded Pra¢lic& 3pplicable lo charllies preparing their accounts in accordance wilh lh8 Fliianclal Repoiling Slandard applicable in the UK and Republic ol Iielaiid (FRS 102)" The charlly Is a Public Benefit Enlily as dgfin8d by FRS 102. The fiiiancial slalenienls are prepared In sterling, which is Ihe (unclional Currency ol the charily. Monètary ainounls in thèse financial slalemenls aTe rounded lo Ihe nearesl £. The Ilnanclal slalemenls havo been prepared under lh8 historical cosl convention, modillÉd lo include the revaluallon of inveslnienls. The prin¢ipal ac¢ounling policie5 adopted aig sel out below. 1.2 Goliig coiicem Al Ihe litne ol approvlng the Ilnanclal slalemenls. the Iruslees have a rèasonable expeclallon Ihal Ihe chaiily has adeqiial@ resources lo continue in operalional existence for the for8seeabl& lulure. 'Ihus the Ii'uslees conlinue lo adopl 11)e going con¢ern basls of accounlin911) preparing Ihe financial slalemenls. i.a Charltablè funds Unreslricled funds are available for use al the dlscrellon of Ihe Iruslees in furtherance of Ihelr charitable obleclivos. Reslrlcled funds afe subject lo specific conditions by donors or gTanlors as lo huw they may be used. The purposes and uses of Ihe re91ri¢led funds are sel oul In the notes lo the financial slalemenls. Endowmenl funds are subject lo spedllc condilions by donors Ihal the capital musl be Inainlained by Ihe charity. 1,4 Incorne Item5 Of income are recognlsed and Included in the a¢coui)Is when Ihv charily Is legally enlilled lo Ihe income, any performance conditions allached lo the ilem(s) of Iiieomo have been mel or are fiilly wilhii) the coi)Irol ol the cl)arily, there Is sufficienl certainly that roceipl of Ihe incon7e is considered i)robable and Ilie amotsnl can be Ineasured rek2bly. The followiiig specific policiès apply lo calegories ol inooin6'. Ii)veslmenl income Is recognlsed on a recijivable basls. Inconie Is included Iii the SOFA nel of Value Added Tax where applicable Donalod asse15 lire capilalised al a value equivaleiil lo markal value al Ilie dale ol donation Legacies.. ei)lillemenl Is the earlier ol oslale account being finalised aiid cash received. Graiils and conlracl income, wliere relaled lo performance aiid specifSc deliverables, are accounled lur as Ihe charity eari)s Ihg right lo consideralioii by 115 performance. Where iiicoine is ieceived In advaiice of performance ils recognS1ion is deferred and included 117 credi101s. Wliere enlillen)enl occurs béfore income is received Iho income is accrued. 13-
THE ACE GENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2025 A¢¢ounting policies {Continuedl 1.5 Expendltura Expondilure is Tecognlsed once there is a legal or conslruclive obligation 1¢) make a payment lo a Ihird parly, il is pi'obable that 5elllement will be required and the amount of Ihe obligation can be measured reliably, Expenditure is classified under headlngs Ihal aggfegal8 all costs felaled lo Ihe calegory. Where cosls cannol be dlreclly alliibuled lo particular headings Ihey have been allocated lo aclivitifts on tj basls consisleiil wilh use of the resources. Gosls relaling lo a patlicular aclivily are allocaled diieclly. olheTS are apportloned on an approprlalo basis leg. numbef of employees or eslln)aled useage). Expendilure 15 dassllled under the lollowing acllwly headings.. Gosts of raising ftinds are those cosls incurred In Iiading activilies Ihal raise funds, Cl)arllable axpendilure comprises those cos15 inciirrèd by the chaTily in the delivery of115 activllles aiid seNlces. aiid Includ8 bolh Ilie dir8cI costs and supporl cosls r8laling lo Ihose aclivilies, Govèri)ai)ce costs, whlch are InGILSded within charilable aclivilles, are those costs assoclaled wilh meeting lh8 ¢on8lilullonal and slalulory requirenienls ol Ihe charily and Indude the auilil fees and cosls linked lo the slralegi¢ managemeiil of the charlly. Donatèd s¢rvices and lacilitles Donated servlees or facililigs are recognised when the charlly has control over the ilem, any condillon5 a5SOC191ed w51h the donated Il¢m have been mol, Ihe receipt ol the economi¢ benefll from the use by the charity of the item Is probable ai)d Ihal economlc benelil can be measured ioliably. On recelpl, doi)aled seNices arnd facililies gre recognised on the basis of the value ol Ihe gifl lo Ihe charity which Is th8 amount the charily would have been willing lo pay lo oblain services 01 facililles of equivalent economic b6nefil on the open markel- a Corresponding amount is Ihen recognised in expendilure in Ihe period of r¢celpl, Irrecoverable VAT All resolirces expended are classified under acllvily headings Ihal aggregale all cosls rglaled lo Ilie acllvily. Irrecoverable VAT Is charged against 11)e calegory of rosources expendedlacllvlly fur whlch il was IncLiired. 1.6 Tanglble flxgd assels Individual fixod assets costing £495 or Inore are capilalised al cosl, wilh Ihe exception ol loan equipnieiit p(Jchased lo provide lo clients on lifetime loans in accordance with Ihe cliaTily'S objecls and the terms pf Ihe NHS agreement, which are charged lo Ihe SOFA on acquisition. Depreciallon is iecognised 50 as lo write off the cost or valuation of assels less IhBir residual values over Ihelr useful lives on Ilie following bases.. Leasehold allern8llon Fixlur(3s arid fillings Computer5 Molor vehicles A8se55rrienl equlpmenl The gain or loss arising on Ihe disposal of an asset is deleriiiined as the difference between Ihe Sale PTnceed8 and Ihe carrying value of Ihe assel, and 15 recognised in Ihe slalen)enl of linancial aclivllies. 20 /(t Slraighl lil 25•/o Reducinq b3lan 33 /. Slraighl line 25 10 Reducing balance 330/0 Straight line 14
THE ACE CENTRE.NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accouiitlng pollcies IConlinued} 1.7 Ftxed asset Investments Fixed assel Investments are initially measured al Iransaclion price exduding Iransacllon costs, and are subseqiienlly measured al fail value al each reporting dale. Changes iii fail value ale recognised in nel inconiel(expondilure} for Ilie year. Transaction cosls ar8 expensed as Iiicurred. 1.8 Impalrinent of fixed assets At each repnrtlng end dale, Ihe cl)8rily reviews the carrying amounls of Ils langible assels lo delermin6 whelher there is any iridicallon Ilial those assets have suffered an iinpaiimenl loss. If any siich indicalion exlsls, Ihe rocoverable amount of the as.8el is eslinialed in older lo delerin5ne 11?e exlenl of the impairmeiil loss lif any>. 1.9 Cash and cash eqiilvaloi)ts The company is a regisleied charity and as such is enlltled lo Ihq exemplion from lax lo lh8 exlenl (hal Ilie incc>me recelved falls wilhln secllon 505 IcfA 1988 and seclion 256 CGTA 1992 aiid is applied lo charilable purposes only. 1,1 Q Financial instrument8 Lisle(S inveslmenls are measured al lair value wllh clianges in fair value belng recognised In Ihe slalemenl of financiel aclivilies. The charily's olher financial assets and financial liabililies alé ol a kind thal qualify as baslc Ilnanclal Inslrum8n18. Ba51¢ finanelal Inslfum6nls are inilially recognis8d al Iransaclion value and subsequ8nlly meas*Jrèd al Iheir selllemenl value wllh Ihe excepllon of bank loans which are subsequenlly Ineasiired al amorlised cosl uslng Ihe 8ffecllve intèresl method. Bas1¢ Ilnanclal liabllilie8 Baslc Ilnanclal Ilabilllles, Including credilois and bank loaiis are inillally recognised al Iransa¢lion pnce unl8S$ the arrangement conslilules a financlng Iransaclion. where Ihe debt inslFumenl is m8asured al Ihe presenl value of Ihe future paymenls discoiinled al a maikel rale ol Inleresl, Flnancial Ilabilili&.s classified as payabl8 wilhin one ye8r are not amortised. Oebl Inslrumenls are subsequently carrfed al amortlS6d cosl, using Ihe effeclive inler8s1 rale method. Trade credllors are obllgalions lo pay for gcods or servlces that have been auquired in tho ordSnary course of operations from suppliers. Amounls payable are cla55iliod as current liabilities If payment is due wilhin one y8ar or less. If nol, 11)ey are presented as non.currenl liabilities. Trade ciedilors are recognised lftillally al Iransacllon price and subsequenlly measured al amortised cost uslng the effeclive inter8$1 method. Derecognillon of lina17¢181 liabilitles Flnancial liabilllios are dere¢ognised wl)en the chartly's ¢onlraclual obligallons expire or are discharged or caiicpllod. 1.41 Taxallon The Company is a registered ¢harily and as such Is enlilled lo the exemplioi) froni lax lo Ihe oxlonl that Ihe ncom9 received fa115 within section 505 ICTA 1988 aiid èe¢lion 256 CGTA 1992 and is appliad lo charitable Plirposes only. 1.12 Employee bèn@fils The cosl of any un(Ised holiday enlillemenl is recognised in the period in wl)Ich Ihe employe8's seivices are reLelved. Termiiialion beiieli15 aro recognised immedialety as an expense when Ihe charily is demonslrably rommilled lo lerininale the employment ol an employee or lo provide lerminalion benefils. 15-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AcGountlng policles (Continued> 1.13 Leases Rentals applicable lo operaling leases are charged lo the sofA over Ihe period In which Ihe cos115 Incurréd. 1,14 Fund accountlng Unreslri¢led fLinds compfise accumulalod siirpluses and deficits on general ILinds Ihal are available for use at the di5crellon of lh8 Iruslee51dir8c1015 In furlherance ol the genergl objeclives of th8 Charily and 11)al have not been desiynaled for other purposes. Restricted fiinds are ftinds subject lo reslricllons imposed by Ihe donor or by the specilic terms of the app9al under which 1116 funds aio ral$ed. Designaled lunds comprlse unreslficled funds Ihal have been pul aslde al the dlscrellon ol Ilie Irusleel dlreGlor6 for particular purposes. 1.15 Debtors Trade and olher deblors are recogni3ed al the s8lllemenl amounl due after any discount ollefed. Prepayiiienls are valued al Iho amount prepald net of any dlscounls due. 1.18 Creditor$ CredlloTS and provislons are recognls8d where Ihe charity has a PT8S6nl obllyalion resulllng from a past event Ihal wlll probably result in Ihe Iransfer ol funds lo a third parly and the amount due Ic) sellle Ihe obligallon can be Irea5ured or eslimaled rellably. Creditors and provisions are normally fecognised at tlielr sellleinenl amount after allowing for aiiy trade discounls due, Crltleal accountlng eslimatos and Judgemonls In Ihg appllcalion of the charily's accounting policies. the trustees are requlrod lo niake judgernenls, esllniale5 and assumptions about the carrying arnounl of assels and liabilities Ihal afe Tiol readily apparenl from olher soiirces. 'fhe 6s11n)ales aiid asbocialed assumplloi)s aro based on historical 8xpeiience arid other faclors that are considered to be rèlovanl. Acliial result¥ niay dlffer (rom these estimates. The eslimales and iinderlying assumptions arè reviewed on an oiigoing b2sis. Revisioiis la dccouiiliiig eslimalès are recoonSsed in the peTiod ii) which the eslim21e is rcvised where Ihe revision allecls oJ)ly Ihal period, or In Ilie perlod of Ihe revision and fulure periods whefe 11)e revision allects bolh Gui¢ei)l and fulure periods. Income from donations and legacles Unrestriclod Re5trlcted fund5 fiinds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and glf(s 16,765 11.146 27.911 4,041 4,959 9,000 16-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable aGtivities Uiirestrlcted Unrestrlcted Funds funds 202S 2024 Servlce dellvery Cenler COLirses NHS Iiicomt) Assesssmenls Engineering servlces Partnei'ships (formaely servlce levle agreemenlsl ConsLJllancy and audit work Piodiicls Publications 48,472 4.396,127 11,243 2,460 25,657 9,900 2,891 4,116 70,222 4,060,97 9 28,1SO 1,087 64,567 5,067 3.435 4,211 4,500,866 4,237,898 Income from ollier trading aGlivitl¢s Uiireslrictod Urnrèslri¢ted funds funds 202S 2024 Olher income 3.791 In¢ome froin Investments Unrestricted Unresfrlcled funds funds 202S 2024 Divideiid from listed iiiveslinenls Ii)come froni sale of listed Ii)veslmenls 101,671 2,264 704,518 103,935 lQ4,518 other income Unrestrlcted Unrestricted funds fund5 2025 2024 Nel gain on disposal of langible fixed asse15 583 17-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ExpÈndlture on raislng funds Unreslri¢ted Restricted funds lunds 2025 2025 Total Unrestrioted Restrlcled funds funds 2024 2024 Total 2025 2024 Fundraising and publicity Coiisullaiicy Material Molor expenses Travel and accomodallon AdvertlgSny Equlpmenl for service dellvery Payroll aiid a530¢1aled ¢osls Deprecialion Computer c081s 27,325 1,080 8,892 95.222 8,080 27,325 1,080 8,892 95,222 8.080 11,653 1,854 4.409 10g,824 2,717 11,653 1,854 4,408 109,824 2,717 1,197,284 11,146 1.208,430 1,041,913 4,959 1,04G,872 2,252.977 86.183 85,227 2.2S2,977 88,183 85,227 1,951.501 79,489 82,774 1,951,501 79,489 82,774 3,764,270 11,146 3,775,416 3.286,134 4,959 3,291,093 Expenditure on ¢harltabl8 activitles Unrestrlcted Unreslrlctod 2025 2024 Support cost Stall cosls DepreLialion and impalrmenl Personnel, TecTuilinenl and CRB Rent aiid rates Repair5 and Inalnlenance Staff Iraining Research and development SundTles Light, heat 81)d waler Inslirance Telephoiie Exlernal projecls Prinllng, slalioneiy and poslage Iri'ecoverable VAT Equipmenl hire Legal aiid proles5ional fees Subscriplions and loui'i)als Other charllable expendilure 484,154 30,324 23,968 167,473 28,1 Jf6 29,774 24,790 1,646 23,128 22,062 6,664 21,623 28,016 340,057 2,406 9,404 18,530 23,656 414,384 19,924 163,102 16,305 34,988 1,121 9,197 22,G82 20,74 6.197 39,430 24,391 29Es,739 17,086 16,601 14,919 1,285,831 1,144,864 Analysls by fund Unreslrlcled funds 1,285.831 1,144.864 18-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support ¢osts allo¢ated to aclivities Fundraislng 2025 Total 2024 Goverrbanco 42,172 42,664 Suppori costs have boen apportioned using IliMe spent, a basis wlwch is consldered consi51enl with Ilie us6 of Ihg fesoLlfCPS. 11 Net moveinent Iii funds 2025 2024 The nel movem&nl in fiinds Is slated after chaFgingl{crediling)'. Fees payable for the audll of the diarily's finaiicial slalemenls Doproclalion of owned tangible fixed assets Profll oli dlsposal of langiblg fixed assets 12,600 118.507 1583) 11,850 99,413 12 Trustoes None ol the Iruslees (or aiiy persons connecled wilh them) received any remuneration or benefits frum Ihg charily during the year. I r3vellinu expenses amounllng lo a lolal of £3.282 (2024.. £1,338) were paid oli behalf of four of the 1ruste8. 13 EmployeeB The avera90 nionlhly nuinber of employees diiiing the year was., 2025 Numher 2024 Number Servlce delivery Governance 42 38 Total 51 39 Eniploymgnt costs 2025 2024 Wages and salaries Soci¢il secuKily costs Ollier pensioii cosls 2,120,971 225,437 420,295 1,830,fJ66 192,041 374,092 2,766,703 2,396,699 19-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Icontlnued) q3 Employee5 Tl)e number ol employees whose annual remuneration was more Ilian £60.000 is as follows.. 2025 Number 2024 Number 86een £60,000 and £70,000 Belwean £70,000 aiid £80,000 Remuneration of key management personnel The lolal eiiiployn)ent benefils including employer pension conlribulioi)s Of the key manageinenl personnel wa5 as lollows: 2025 2024 Aggregate cornpensalion 118,220 98,158 The charlly conslders ils key manage.menl personnel to comprise the Iiuslees and Ihe CEO, 14 Other expendlturo Uniestricted Unrestrl¢ted fun(Is funds 2025 2024 Flnanclng co815 Olher expenditure 3,150 3,167 1,683 1,824 6,317 3,487 15 Galns and losses on Inv¢slments Unrostricled UnYestrl¢ted fuiids funds 2025 2024 Gaii)slllosses) arislng on: Revalijalion of investments {28.195) 235,832 16 Taxation The cliarily 13 exempl from laxalion 011 ils actlvilies bec8usè all ils income Is applled for charilable purpgses. -20-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Tanglble flxed assets LoBsehold Flxturos and altoinatlon IIIUng6 Compulèrs Motor A55essmei)t Vohlclès aqulpment Total Cost Al l Aprll 2024 Additions 90,291 155,099 1.606 13af.807 37.415 12,528 751,726 1,145,451 101,595 185,746 Al 31 Maich 2025 90.291 156.705 17J,222 57,658 853,321 1,331,197 Depreciation and mpalrmont Al 1 April 2024 Depre¢lalion charg8d iii the y¢ar 88,917 113,719 131,925 11,273 653,238 999,0"12 1,031 10,700 8.877 9,716 88,183 118,507 At 31 March 2025 89,948 124,419 140,802 20,989 741,421 1,117,579 Carrying amo(Int Al 31 Marcl12025 343 32,286 32.420 36,669 111,000 213,618 Al 31 March 2024 1,374 41.379 3,882 1.256 98,487 148.378 18 Flxed assol Inveslmanls Unllsted Investments Cost or valuatloii Al 1 April 2024 Valvallon chaiiges Dlsposals 3,599,107 {28,1941 {204,964) Al 31 March 2025 3.365,949 Carrylng amount Al 31 Martyli 2025 3,365,949 Al 31 March 20?4 3,599,107 2025 Ii)veslmoiils al fair value comprlse: 2024 UK eqully funds Overseas equily fijnds Cash on Inleresl bearinq deposil 1,834,614 1.530,398 937 1,881,260 1,717,66e? 181 3,36,fj,949 3,599,107 21-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Flxed asset Investments {Contlnuedl Tho abov8 ielales lo an inveslmenl wilh Ralhbone Invgslmenl Management. Of the value held al 31 March 202Jf, £1,649,383 18 8 m8dlum leim Inveslmenl (3-5 yoars f¥om March 2019) and £1,917.793 is a long lerin inveslmenÉ15 years4). All investments are carried al Ihelr fair value (qiiol8d market price). No malorlal Inveslmenls (holdings of more than 5% of the lolal POTllolio value) are Included within Ihe above. Financial risk relallng lo Investments is managed by relaining expert advisoTS and Inveslinenl managers, who OP8rale an inveslmenl policy that provides for a high dogre6 of diversification ol holdSngs within Investment asset classes. 19 Flnancial Instruments 2025 2024 Cairylng Amount of linanclal assets Inslruirenls Imeasured al lalr value through profil or loss 3,365,949 3,599,107 20 Debtors 2026 2024 Amount6 falling due wlthln one year: Trade dèblors 011)er deblors Prepayments and accrued Income 7,220 3.115 137,993 22,412 148,851 1A8,328 171,263 21 Credltors.. amounts falling due witliln one year 2025 2024 Notes Other laxalion and sobial S&CL51iIy Governmgnl gran1¥ Trade ci&dilors Olher credilors Accruals aiid deferred income 60,129 2,973 174,280 22 127,550 53,872 77,911 78,839 319,462 394,657 Iiicome has been deferred as 51 was receivcd in advance of Ihe seTViC8S beiiig provided. 22 Government grants Deferred in¢oii)e is included in the financial slalemenls as follows-. -22-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Government grants Icontiiiued) 2025 2024 Deferred income is included wilhln= Cufienl liabilities 174,280 Movemenls in Ihe year.. Deferred inGoime al l April 2024 Releasod from previous periods Resources deferred in Ihe y8ar 174,280 1174.280) 54,773 119,507 Deferred Incoine al 31 March 2025 174,280 23 Retlr¢ment benellt schemes Defined boiiefit schemes The coiiipany operates a delined bei)efil penslon scheme I qualifying 8mployees, which is part of Ihe Greater Manchester Penslon Fund. Tlie GMPF is a Inulli-einployei scheme, whlch is administered by Tameslde MBC under the regulallons governing Ihe Local Goveinmenl Penslon Scheme (LGPSI. The most recent formal actuarial valuallon w88 completed a8 al 31 March 2025 by qualified independenl actuaries, Hyinan5 Robertson LLP. Tlie noliorial value of the assets of11)e charliy's share ol Ihe sclieme al 31 Marcli 2025 was £8,203,00 12024.. £7,46Y,000) 11)e presenl value of 1Sabllilles was £5.326,000 (2024'.£6,184,0001 leavlng a nel pension assel of £2,875,000 12024.. £1.305,000) al 31 Marcli 2025. This is nol recognlsed in Ilie accounts. in lino with FRS 102, on Ihe basls Ilial Ihg asset Is nol recoverable by reduced oonlribulions or refunds 101179 plan. Key ats's'uniplloiFS.' 2025 2024 Dlscoiinl rale Pension increasolrevalualion rale (CPI) Salary Inciease rale 5.85 2.70 3.50 4.85 2.75 -23-
THE ACE GENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Retirement benellt schemes {Continuedl Mortality assumptions Tho assumed life expeclalions on reliremenl al ag& 65 are.. 2025 Years 2024 Years Rellring today Males Females 20.8 20.6 20.9 20.6 Relirii)g iii 20 years 22.0 25.1 22.1 Females An70unls r&cngiiisad in Ihe prolil and loss accounl Cosls/{income).' 2025 2024 Current seNice cosl Nel Interest on defined benefit liabllilyiiasset) {300,0001 66,000 1307,000) 33,000 Tglal c051sllincornel 234,000 274,000 Aii?oiinls re¢ogiiis8d iii other comprehen.siv8 IncoiTr Cosls/(iiicoiiie),' 2025 2024 Ablual reluin on scheme 8ssels Less- calculated inleresl elemeiil 72,000 (184,000) Relurn on sclieme assets excluding Inleresl income AGluaTial changes rolaled lo obligations 72,000 (1,456,000) 1184,000) (345,0001 Tolal cos151{in¢ome) (1,384.0001 <529,0001 24-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2Q25 2J Retlrement benellt schemes Icontinuèdl The amounts included in Ihe balance sheet arising from Ihe charity's obllgalions in iespe¢l of defined benefit plans ale as follows.. 2025 2024 Liabililiesl{assels): Present valu6 of defined benelil obligation5 r'alr value of plan assets (Jf,328,000) (G,164,0001 8,203,000 7,469,000 Delicil Sli scheme 2.875,000 1,30S,000 Unrecorded asset due lo unceriainly of recovery (2,875,000) {1,305,000} Tolal Ilabilily recogiilsed 2025 Moveinei?Is in Iho pivs9171 valug of defined beiielll obllgalions Liabililles al 1 Aprll 2024 Clirrenl service cosl Past servlc& cD81 Conlrlbulions from scheme members Changes in 1Snancla5 assuinplions Changes in demograplilc assumplions Olher experlence Inleresl cost on defined benefil obllgallon 6,164,000 300,000 {116,0001 130,000 {1,393,000) (11,OOOJ (52,000) 306,000 Al 31 March 2025 5,328,000 Inlefesl income Retiirn on plan assets lexdiiding amounls included in nel iiileresl) 8eiiefils pald Conlrlbullons by Ihe Èmployer Conlrlbullons by scheme rnembèrs 372,000 172,000) {116,000> 430,OOU 130,000 Al 31 March 2025 8,203,000 2025 The analysis of the scheme assels al Ihe reporiing dale were as follows.. Equllles Bonds Properly Cash 17 100 -25-
THE ACE CENTRE.NORTH NOTES TO THE FINANCIAL STATEMENTS <CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 23 Retirement benefit sehèmes Icontiiiuedl 202S 2024 Fair valuè ulplan assgls Eqvily inslrumen15 Debt instruments Property 5,331,950 1.394,510 738,270 738,270 5,153,610 1,120,350 597,520 597.520 8.203,000 7,4G9,000 24 Restrlcted fuiids The reslrlcled luiids of the chaflly coinprise the unexpended balances of donalion5 and grants held on trusl subjecl lo specific condilions by donors as lo how Ihey may be u56d. At 1 Aprll 2024 Ineomlng Resources At 31 March resources exponded 2026 Reslricled funds 11,14 (11,146) PiÈvious yoar: At1 April 2023 Incoming Resource3 At 31 Marcli resoiir¢es expèndèd 2024 4.959 14,959) 25 Unrestrlcled fuiids The unreslrlcled funds ol the charity compiise Ihe unexpended balances of doiialioi)s aiifj giants which are 1i01511bjacl lo specific coiidilions by donors and gr8iilors as lo how they may be used. These Include designated funds whlcli havo been sel aside out ol unroslTicled funds by the Iruslees for Specific purposes. Galiis and At 31 March losses 2025 At 1 Aprll 2024 Incomilig resources ResoiirGe$ expended 4,063,004 4,625,940 (5.056,418) (28,195) 3,604,331 Prévlous year: At 1 April 2023 Incomiiig resources Resourcos expended Gains and At 31 March losses 2024 Geiieral funds 3,910.030 4,351,627 14,434,485) 235,832 4,063,004 -26-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Aiialysls of net asset5 between funds Unrestricted fullds 2025 At 31 March 2025: Taiigible ass&ls Inv661ixenls Current asselsl(liabililies) 213,618 3,365,949 24,764 J,604,331 Unr&$tricted fuiid$ 2024 Al 31 March 2024: Tan Jr ible assels Investments Cuirenl a%selsllliabllllles) 146,378 3,599,107 317,519 4,063,004 27 Share Capltal Tlie coinpany has no share capllal, and the liabilily of ea¢h member 15 lirsilled by guaranlee of £10 1?er member. 28 Opéyatlng lease commilments Lessee Al the reportlng end dale the charily had ou151anding coinmilmenls for futuro mlnlrnum lease paymen13 uiider iion-cancellable operaling leases. which f311 due as follow3-. 2025 2024 Wilhln 01)e year Between Iwo and five years 161,677 264.115 159,483 294,792 425,792 454,275 29 Financial Ald Tlie comk)any acki)owledges the support of ils corporale members and sponsors in nd. -27-
THE ACE CENTRE-NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 30 Related party transactions There were no disclosdble felaled parly Iransaclions durlng the year (2024 - none>. 31 Cash {absorbed byllgenerated from oporatlons 2025 2024 IDollcil}Isurplus for the year (458,673> 152,974 Adjustments lor: Inveslmonl income recognised In slalemenl of financial aclivilies Gain on dlsposal of tangible fixed assels Fair valug oalns and losses on Iiiveslmeiils Depreciallon and impaiTmenl of laiiglble fixed 2ssels {103,9351 15831 28,195 118,505 1104,5181 1235,832) 99,413 Movements In worklng capital.. Decrease in dtrblors Ii)ereasel{decreas0) in CTedllofs {Derr8asellincrease In deleired Income 22,935 99,085 1174,280) 372,786 (94,0681 119,507 Cash (absorbed byllgenerated from operatlons (468,751) 310,262 32 Analysls of changes In net fundg The chaiily had no material debl during Iho year. -28-