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Registered Charity Number 1116764
Company Registered Number 05855440
ACE CARDIFF LtMTfED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JLfNE 2021

ACE CARDIFF LIMITED
TRUSTEES REPORT
YEAR ENDED 30 JUNE 2021
The trustees present their report and the unaudited financial ststements of the charity for the year ended 30
June 2021.
OBJECTS OF THE cHAR￿Y, PRINCIPAL ACTIVITIES AND ORGAIYISATION OF WORK
The company is governed by a memorandum and articles of association. The principal object of the
company is the relief of those in need, by reason of youth. age, ill-health, disability. financial hardship or
other disadvantage including unemploymenL primarily in Cardiff and the surrounding areas, for the public
benefiL
In recent times our main focus has been to work with children and adults to improve their quality of life
through an appreciation of learning- whether that be through help with core skills of literacy and
numeracy. improved communication skills or appreciation of reading. music and the arts.
ACE CardifPs Learning Club aims to stimulats young people's enthusiasm for learning in the Butetown
and Grangetown areas of Cardiff. in order that they feel more confiden( in their abilities to face the
personal. academic and social challenges that life brings with it!
We worK in parthership with others to make sure that our sessions are:
Enjoyable
Exciting
Engaging
It is important that we help young people to:
' solve problems
. overcome confidence issues,
• experiment with their learning
. build relationships within and outside their communities
. have a 'safe learning environment.
In response to an obvious need in the community. the charity also runs a variety of mixed and single-sex
ESOL classes in the Butetown, Grangetown and Ely areas of Cardiff. including refug¢¢s and asylum
seekers, with the aim of assisting the process of settling in Wales and becoming economically self-
sufficient. Classes of up to 10 are aimed primarily at those at Pre-Enty and Enty levels. from beginners
onward. Each class has a teacher who is qualified both academically and through practical experience. In
addition, a teaching assistant is also present to support the tutor and provide individual attention.
The charity is organised so that the Board meet regularly to manage its affairs. All staff are engaged in
charitsble activities

ACE CARDIFF LIMITED
TRUSTEES REPORT (coKfiNUED)
YEAR ETr4DED 30 JUNE 2021
REVIEW OF DEVELOPMErirs, ACTIVITIES AND ACHIEVEMENTS
The Financial Year was dominated by the Coronavin￿ pandemic.
We continued, and expande(L he online sessions that were introduced in varly 2020. The introduction of
one-to-one online reading sessions was very well received and we plan to continue these in the in tandem
with our faee-to-face sessions, which we are looking to restart in the Autumn.
As noted in last year's repor¢ where students had difficulty in accessing the online sessions. we have
purchased and loaned them tablets and dongles.
FUTURE DEVELOPMENTS
The trustees continue to review the company's activities. together with other opportunities that fit with its
objects, and will provide a level of support consistent with its ability to attract future funding.
It is anticipated that in time. both the after-school learning support and the ESOL classes may gradually
expand around our core activities and geographies.
RISKS POLICY
The trustees actively review the major risks that the charity faces on a regular basis and believe that ongoing
reviews ofthe financial position, establishing adequate reserves, will provide sufficient resources in the event
of adverse conditions. The trustees also examine other operational risks faced by the charity and have
established systems to mitigate any significant risks.
RESULTS
The results for the year and the charity's financial position at the end of the year are shown in the attached
financial ststements.
The charity benefited from a couple of multi-year awards and Covid specific funding from established
relationships with charitable foundations. These have put the charity in its strongest financial position for
many years. The trustees are conscious that the groundwork has to continue to maintain these relationships
and build new partnerships to strengthen future funding applications.

ACE CARDIFF LIMITED
TRUSTEES REPORT (CONTINUED)
YEAR ENDED 30 JUNE 2021
D]RECTORS Al￿ TRUSTEES
All directors of the company are also trustees of the charity and ther¢ are no other trust¢¢s.
THE TRUSTEES
The Trustees who served the charity during the year were as follows:_
Geoff Hollett (Chairnian)
Stuart Cox (Treasurer)
Helen Edgeworth
Christian Holland
Luay Karrar
Emily Morris
RESPONSIBILITIES OF TRUSTEES
The trustees (who are also the directors of the company for the purposes of company law) are responsible
for preparing the Trustees Annual Report and the financial ststements in accordance with applicable law and
the United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice).
Company law requires the trustees to prepare fmancial statements for each fmancial year which give a true
and fair view of the stste of affairs of the charitsble company and of the incoming resources and application
of resources. including the income and expenditure. of the charitable company for that period. In preparing
these financial statements, the trustees are required to;
Select suitable accounting policies and then apply them consistently.
• Observe the methods and principles in the Charities SORP;
. Make judgements and estimates that are reasonable and prudent.
. State whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the fmancial statements;
. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy
at any time, the financial position of the charitable company and enable them to ensure that the financial
ststements comply with the Companies Act 1985. The trustees are also responsible for safeguarding the
assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

ACE CARDIFF LIMrrED
TRUSTEES REPORT (COfffiNtTED)
YEAR ENDED 30 Juf4E 2021
INDEPENDENT EXATrIINER
11
A resolution to appoint Gordon Down & Company Limited as independent examiner for the ensuing year
will be proposed at the Annual Governance Meeting.
ECLARATION
This report was approved bythe board on S November 2oZI
Signed on b
alf ofthe charity's trustees.
G Holl¢

ACE CARDIFF LIMITED
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ACE CARDIFF LIMITED
I report on the accounts of the charity for the year ended 30 June 2021 set out on pages 6 to I l.
Respective Responsibilities of Trustees and Examiner
The charity's trustees (who are also directors of the company for the purpose of company law) are responsible for the
preparation of the accounts. The charity's tn￿te¢S consider that an audit is not required for this year under section 144
of the Charities Act 2011 and that an independent examination is needed. The Charity is required by law to prepare
accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of
Chartered Accountants in England & Wales.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examinatio￿ it is my responsibility to:
examine the accounts under section 145 of the 201 l Act.
to follow the procedures laid down in the General Directions given by the Charity Commission (under section
145(5) ofthe 2011 Act and
to stats whether particular matters have come to my attention.
Basis of Independent Examiners Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also includes considerdtion of any unusual items or disclosures in the accounts, and seeking
explanations from you as tn￿teeS concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audiL and consequently I do not express an audit opinion on whether the accounts
present a 'true and fair view,.
Independent Examiners Ststement
In connection with my examination, no matter has come to my attention:
(i)
which gives me reasonable cause to believe that in any material respect the trustees have not met the
requirements to ensure that:
proper accounting records are kept in accordance with section 386 of the Companies Act 2006; and
accounts are prepared which agree with the accounting records, comply with the accounting requirement
of the Companies Act 2006 and with the methods and principles of the Ststement of Recommended
Practice: Accounting and Reporting by Charities (revised 2005):
or
to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts
to be reache(L
(2)
Signed
Date
l/
trL/
L.S.Cohen FCA
Independent Examiner
Gordon Down & Company
Accountsnts
Temple Court
13A Cathedral Road
CardRff
CFII 9HA

ACE CARDIFF LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure aeeount)
FOR THE YEAR ENDED 30 JUNE 2021
Unrestricted
Restricted
2021
2020
Funds
Funds
Totsl
Total
Ineoming Resources
Voluntary Income
Other Income
18.439
271
23,000
41.439
271
71282
290
Total IDeoming Resources
18,710
23,000
41,710
72J72
Resources Expended
Charitable Activities
29.181
18,675
47.855
49,649
49,649
Total Resources Expended
29,181
18,675
47055
Net outgoingl(incomlng) resources for the year
and net ineomel(expenditure) for the year
(10.470)
4,325
(6,145)
22,923
Funds brought forward
26,785
15,083
41,868
18,945
Funds carried forward
16J15
19,408
35,723
41,868

ACE CARDIFF UMITED
BAIANCE SHErr
AS AT 30 JUNE 202
2021
2020
Current assets
C&sh at bank
46.859
46.859
63,006
63.006
Creditors: Amounts falling due within one
year
Net current assets
Totsl assets less eurr¢nt liabilities
11,136
21.137
35,723
35,723
41.868
41,868
Net assets
35,723
41,868
Funds
Genernl Unrestricted Funth
Restricted Funds
16.315
19,408
3&723
26,785
15.083
41,868
The trustees are satisfied that the company is entiued to exemption from the requir¢ment to obtain an audit un(kr section 477 of the
Companies Act 2006 attd that members have not ffquired the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibiliti¢S for complying with the requirements of the Companies Act 2006 with respect to
accounting records and the preparation of accounts.
The financial statements have been prepaTrd in ac￿rdanCe with the provisions in Part 15 of the Companies Act 2006 applicable to
companies subject to the small companies, regime.
These financial statements are approved by the trustees on
And are si
on their behalf by:
Geoffrey Hollett
The notes on pages 8 to 11 form an integrnl part of these financial ststement&

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EfiDED 30 Ju￿ 2021
l. Accounting policies
Basis of accounting - These financial statements have been prepared in compliance with FRS 102. 'The
Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102))
and the Charities Act 2011.
Cashflow statement- The directors have taken advantage of the exemption in Financial Reporting Standard
No. I from including a cash flow statemcnt on the grounds that the company is small.
Incomi'ng resources - All incoming resources are recognised when receivable and when all conditions for
receipt have been met. No expenditure has been netted off incoming resources in the Statement of Financial
Activities.
Resources wended- costs of activities in furtherance of the charity's objects represent those costs incurred
directly in connection with charitable activities. Management and administration costs comprise costs
associated with managing and administering the charity and include an appropriat¢ apportionment of
overheads.
Funds structure - Unrestricted funds are those available for general use by the charity. Desi￿ated funds
are unrestricted funds which have been set aside by the Trustees for specific purposes. Restricted funds are
those where the donor has imposed restrictions on their use.

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CoNT￿lED)
FOR THE YEAR ENDED 30 JUNE 2021
Ineomlng Resourees
Unrutri¢ted
Restrleted
2021
2020
Funds
Funds
Totsl
Totsl
Voluntary In¢ome
Grants and Donations
Coronavirus Resillence Fund
3.000
20,000
3,000
20.000
7.000
1,439
10,000
Watcrloo Covid 19
Welsh Cx>vernment - Covid Support
Adult Learning Wales
Garfield Wetson
7.000
1.439
10.000
20.000
10,163
10,000
10,000
9,969
5,150
3,000
2,000
1.500
500
Waterloo Foundation
Awards For All Wales
Individual donations
St James Place Charitsble Foundation
Magdalen Hospital
Association for Scirnce & Discovery Centr&£
British Science Assoiation
18,439
23,000
41,439
72,282
Other Ineome
Sundry Income
In*rest
19
19
252
252
285
271
271
290
Total ID¢oming Resourees
18,710
23,000
41.710
72J72

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
Resources Expended
Unrestricted
Restricted
2021
2020
Funds
Funds
Totsl
Totsl
Cost of Charitable Aetivities
Management & Administration Costs
Stsfflllg Costs
Salaries
20,620
5.876
20
9,044
29,664
5.876
20
31,955
5,014
487
Tutor fees
Volunteers fees and expenses
26J16
9,044
35560
37,456
Premises Costs
Rent and rates
6,533
6.533
7,167
Telephone and internet
Repairs and maintenance
410
410
458
64
300
364
250
474
6,833
7J07
7875
General Administrative Expenses
Postage and stationery
Bank charges and interest
Insurance
220
220
276
430
430
424
Website and marketin8
Accountancy
Office supplies
134
134
330
810
810
888
138
138
239
1,732
1,732
2.157
Other Expenses
Project support
Expensed equApment
Event costs and venue fees
12
12
133
416
2,798
3,214
1,649
209
Training
30
30
170
458
2,798
3,256
2,161
Total Cost of Charitable Aetivltles
29,181
18,675
47055
49,649
Total Resourees Expended
29.181
18,675
47,855
49,649
10

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
Creditors: amounts falling due within one year
2021
2020
PayToII
Accrued Accountancy
Accrued Grant (Garfield Weston)
476
477
660
660
10.000
20,000
11,136
21,137
Payments to Trustees
No Trustee received any remuneration from the Charity during the year.
Fund Balances
Balances at
Balances at
01 July 2020
26,785
15,083
41,868
Movement
30 June 2021
Unrestricted Funds
(10.470)
4.325
16,315
19.408
Restricted Funds
Tot21 Charity Funds
(6,145)
35,723
Ace Cardiff Limited is a private company limited by guarantee and incorporated in England and Wales
Its registered office is:
113-116 But¢ Street
Cardiff Bay
South Glamorgan
CFIO SEQ
11