Registered Charlty Number 1116764
Compxny Rewter¢d N¥mb¢r 05855440
ACE CARDIFF LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

ACE CARDITr"Tr LIMfTED
FOR THE YEAR ENDED 30 JUNE 2023
Page
Trustees, annual Teport
Independent examintrs repx)rt to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

ACE CARDiFF LIMrrED
TRUSTEES REPORT
FOR THE YEAR END￿ 30 JUNE 2023
The tNstee% who are atso dirtrtoTh of the charity fortF¢ puo)osts of the comp￿1￿ Act 2(X)6. pr￿t th¢irrerA)rtwith
the fjnauciai sta*m¢nls of ¢h¢ charity Eoi the year et￿d 30 June 2023. This rewrt meets the ryuirements for a
Direetors, Report For C¢)mpaDie8 Act pU￿08C5. The trwie&s have athpt&l tbe pro¥isions of Accountitig and Re[￿Stig
by Charities: Statement of Rccommentsj Praciice atvlicable ￿ chan.lies preparfftg their occounts tn ac¢ord2nce with
the Financial Rcm Stsodard apphcabk ill the UK aryE Republi¢ of Ire]aod IFRS 1021 {¢ffectivc l January 20151.
The fitwiciai staiemeots have been in accordw with the xc<)untiDg ￿)]i¢l&S sct rmt in the notes to the
aecounts and cornply wrth the cljarity's 8oveFning ¢k￿ll￿( th¢ Chan'ties AGt 2011. Companits Act 2006 and
Accouniing and Rew>rting by Charities.. Ststwest of Rttommended Practice applicable to chan'ties prepar￿g theEr
accounts in x¢ordance with tbt Finattcial RwrtiD8 Sottdard applicable xn the UK 8nd Repubhc of Ireland (FRS 102)
(eff￿tive l J8m]ary 20151.
OBJEC13 OF THE CHARITY, PRINCIPAL ACTEvrriFS ORGANISATIOL¥ OF WORK
Ace CardJffLimiioJ i% a ¢haritable ¢OTnpany Ilmitedbygusrantee. TheeompaDy wag ¢3tablished underamemorandurn
of A&wcialion which esthbli5he(l the obJ￿¢S and p)wers of the chatitsbk co1np￿Y and is governed under its Articl¢s
of knociaiion. tn the eyent of the company iw w(*wd up. ar¢ requirtd to conknbutr an amount noi
exeeding £10.
Th¢ princ￿al ¢)bjectof the company is the￿Ile( of inneal by re&qonof You1￿ age. ill-heald4 dI￿bIlity, fitwi¢ial
hardship or other disadvants8e i￿lUdIng ￿eMploY￿￿[ wimarily in CaTdiff and the Awroundwg areas, for the public
benefii.
la re¢ent limes our main ha8 been to work with children and adults to imptoye their quality of life thrwgh an
appre¢ialiott of IwDitig - wllether that b¢ through help with Core skdls OF literacs aDd DuJn¢rncy. itnprovtd
Cotimiunication skilLs Orap￿eCialiott of rethg. music and the ans.
ACE Cardiffs I*arning Club aims io stimula* young peopk's ¢nthu5i&sm for karniDg in the Bu*town and
Grangetowo areas ofcatdiff. in order thai they frel more confideoL iti theirabiliiieg to face the per8onaL acodemie and
s(Kial ¢hall¢nges that iafe brings with it!
We worL in parinersknp with others w anake 5UTe thai 8essioos aTr:
E]Jjoyable
Exeiting
li is importsttt thar we help yowng peLTsle to:
. ￿1ve prablcms
• ov¢r¢ollke collfid¢uc¢ i5SU¢S
. ¢xp¢rimcnt with th¢ir Icarning
• budd TelatiODships within and (XLtsid¢ their cornrnuThitie4
. have a'$8f¢ learning ¢nviroDmcnt'

ACE CARDIFF LIMrfED
TRUSTEES REPORT
FOR THE YEAR ENDED 30 JUNE 2023
0￿EcT5 OF THE CHARrrY, PRINCIPAL ACTIvrriF3 LND ORGANISATIOY OF WORK
(CONTINUED)
In rwoos¢ to an obvious need in the community. thechatity a180 a YaTi¢N of rn￿£d and single-sex ESOL c1&8S¢$
in the Buietown. Grangctown and Ely ar¢asof Cardiff. including refi]gtts and asylum seek￿4 with the atm of ￿ESting
the of s¢ttliD8 in Wales and bwoming economi￿Y seAf-suificienL Classes of up io 10 are aimed prsmarily at
seal Pre-Entymd Entry levejs. from beginners onward Each Cla￿ hasa texher who is qualified both acwJemi¢ally
and through prdctical experience. In a(kth'tioo a teachirtg ￿lS￿llt is al%0 prtttnt to wpwrt the tutor and provid¢
ividuat atteu¢ioD.
The chariry is organi8ed so thit the Board meet rylarly to nwe its affaiTh All 5tsff aTr engag￿ in eharitable
activities
REVIEW OF DEVELOPMKNTS ACTIVITIES ACHIEVEMETITS
As w¢ approath a new a¢*lemi¢ year. we wan*d to Trfl￿t on the su¢¢tss&4 and challenges experienced durtttg our
fTh year of fi￿dItig frotn The National Lortery Commwty Fund The securiry frDm h8%iog funding in platt has no
doubt allow)J us to fo¢u5 ourefforts on deliveryof ourproj¢¢ts. Re$￿tidI￿ to the fethck from ourbenefi¢iaTies we
have increasedourprovisions goo￿ place4 as well as reduCu￿ them in otheJ3 where tlw were long¢r lleede(L
In November of Y022. we stsrte41 a tria18cssioti ¢bil¢tren the basi￿ of cothng Icompu¢¢r prograTnming).
Suppon¢d by m of our ex1￿]ng volunlttrs with computitig knowldg¢ and using frt¢ karnillg tllat¢riaJs provided by
the Raspberry Pt foundaiiotL we invited childreo to join the st&8ions host¢d by our ptheT venue at Gr￿￿et0￿M Hub.
The sessionhaslvn well auended ona weeklybasis sit)¢e and we hMvepla￿ to an additional hourw ￿¢0￿MOda
a sttond wup of cbildrffj as well as the early stsges of prepaJation for a seeood club tn Butetovm.
We hav¢ changLxI our CXWtstioL8 of s￿810￿$ run during holiday pcricxts. Half.tLYm and E￿er have proved
popular. but the numbu of SLIM￿Xi1vItitsproVided by the Icul allt￿rity and ott*ryouth orgam'sations has resultcd
in low tsllnouts for some of our own 8ummer activitics. We have decided to tea89e￿ our plans for next SLEU]mer, with
the ￿SSibIlity of providing g)Tuethwg more strnctured *uch &8 drdma or music activities that patellts register for
beforehaTrl Trther the"¢knpin" apptyach tried previously.
Our ESOL rmJf%t ceL￿d onlirte se&sioLs in rew ￿ feedb¥k from knefieiaries. In Butetowtt this was rq>lac¢d
The provision it Grdn8e Pavilion will be ¢xtrtsJed from l kn 1.5 hour5 thle ￿ feedback from 9ttende￿ *fjd we have
added a new session in Gtwetown Ilub whiGh aiou8side our cbildren's Ltsning Club suppornng parents ofthc
children *t¢od.
We c¢tebra*d the swce&8 of both attd ESOL in att event ]￿Id tD the Cotmthwty Centre. The
event achie￿1 the highcst atklldance of student8. pfjreDts andparthus ai any of these eÉJd of year celebration8.
FUTURE DEVELOPMENTS
The trustees to revt¢w th¢ compmy's activiw together with other 0[w￿lIeS that fit with its objecL8. aT
will provid¢ a kvel of support consistent with its ability ￿ amci f￿D￿r fwMILng.
It is antwipated that F*)th th¢ le8rnill8 SUPP)rt aryl the ESOL Cla&￿ will gradually expand around our ￿Te activitae8
and 8eO8raphies.

IUSKS POLICY
The trustert actsvtly revi¢w the tnajor ri¥ks that the cknrity facts ￿ a regular basis ar#1 believe that on80ing reviews
of the financid tx)sitioJL establishin8 adequate re5¢rvc4 will provide sufficient rwUrc￿. in the event of adverse
conditi0Trs. The trLL%iees also examine other operatsonal TisL4 f￿1 by the Glwi"ry attd have othbli8he41 sysrems ro
mitsgate any SI￿lf1¢8￿[ Tisks.
RFSULTS
The re￿Its for the year al￿ & ¢lwity'$ fnJan¢ial p)sition at tbe end of year are in the attached fuwicial
stsietlleots.
The charity recefftved the firstof fow year's fimdin8 froth The National Lottery Communty Fund. People P]ac¢8
3 which bas enablol us to COLnryxntt ¢)ur strategy to ￿pa￿d and develop ourprovL8iO
RESERVL8 POLICY
The trustees have examined the level of reserYe8 held at the year-e￿I in lighi of the main Tisks faeing the or8atiisatiOJL
A policy ha8 been estsblished to maintsiD ￿ffiCient free reserves equI￿lellt to med the imm•Jia* needs of th¢ cl)lln'ty
in the cveniofa 8crvi¢e i•lio
The free teserves of a dwity t¢pr&sent the funds freely avai]abk to speLIL Jn caiculali4 the fre¢ resern the
The policy is reviewed by the OD ao ongoin8 basi&
GOING CONCERN
H¥4vin8 cotis1￿ W8et attd rash tlow ptoi¢¢tiotis for & next twehr TJKmths, the thJstee5 are confident that the
¢]Mrity will contmlle to meet JL4 liabilitie5 as they fajl du¢ for ￿ foToYeable fvture and corL5ider that there are no
nIatu￿1 utteertainues aboui the Tr￿$¢5 ability to ¢otttiDue as agoiDg It is consi￿ appropriatr by
the ttlLSte¢s w prepare the fin￿l￿ 8tslemenTS on a 80iog concern basis.
DIRECTORS AND TRUSTEES
Recrultm¢4t and AppoiRtment olnev
All directo[5 of the cottEpany are 4150 trustees of thE ch8tity for the purp￿ of chatiry law and thue are Do ¢xher
1]8tr¢& Perwn8 may be appKTrin*d by the clwity or by a ￿pAP￿tIOn of tbe other directors.
THE TRUSTEL8
Geoff Hollett ICThainll80)
Stuart Cox ITre&urer)
Hekn Ed8eworth
Luay Karrar
Dr Ernily Morris
Alttia Trigger
Sub8¢quettt to the Year¢n￿ Geoff Hollett str&Jd down as Choir Alina TEigger ￿Sut￿es1 that rtTrk.

ACE CARDIFF LIMrrED
IIYDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ACE CARDIFF LIMITED
I rewrt 10 the tru51ees on my uamirfation of the finmKiai ststem¢nts of Ace Cardiff Li￿lled {'the charity'l for the year
ended 30 June ?023.
Responsibilities and basi5 of report
As the t[￿tee8 of the ￿mpallY {aDd aLY* its d1￿CtorS for the purtK)w of company Ea*) you are ￿spOnS￿t 1¢ for the
preparation ofthc financial Mjtenknts in xcordance with the ￿uIreMetits0f the Companics Act2006 fthe2006 Ac¢'l.
Having satisfied myself that the accounts of the cornpatty are tM)t requi￿d 10 be audiicd ijnder Pan 16 of the 2(X)6 A
and are eligTble foT inlkwdent examinatio￿ I in res￿ of my examirtalioD of the ch8rity's aee(Mu)ts ag carried
out under ￿110￿ 145 of the Charities Act 2011 {'the )01 l Ael'l. In ¢arryillE Out my exaThination I hav¢ followed the
Directions given by th¢ Charity Cotnmiuiott under 8¢ctiOD 145(5Mb) of the 2011 ACL
Indepelldellt wAaMi￿r.5 rt4teme&t
I have completed my examitiation. l Confism that have come ￿ my attention in Cont￿tiOn with the
examitution g1vU￿ me c4u5e to beliew.
a¢¢ounting r￿0￿% were not kw tn rEWI of the charity as fEqUiTed by *tttion 386 of the 2006 A¢i or
tht fmanGial wtem¢nts do aol comply with the a¢c(rtmtiD8 re4wirErnents of Wtion 396 of the 21x16 A¢1
other than any requiremeni thai the ￿Ou￿￿ ￿ve a.tr￿e at¥1 faiv vicw 7whE¢h is a mattr coTr8idered as
part of atl independent examination; or
the fir￿lat ststements ha￿¢ not beert PTepaMI irt xcordance WEth the meth(x18 and principles of the
Statement of R￿0￿[De[￿l P￿CtiC¢ for aecouniing ttod rewting by ¢han"ties appIL￿ble to chartiies
preparitig tbeix accounts in xcwdan¢¢ with Finwiai Rwtitig s￿d￿d ar011￿￿ in the UK and
Republie of Jrelmd ffRS 102}
be drawn tti this rewrt in (xd¢r to rnable a pw u[thTs￿ttdillg of the p&coJllts to be reached.
sI￿d
L.S.Cobell FCA
Elldependent Examkn¢r
Gordon Dowll & Compally
AtCOliDt•#ts
Temple Court
13A Cathedral Ro*d
C4rdlff
CFII 9HA

ACE CARDIFF LI￿tr[ED
TRUSTELS REPORT
RESPOL¥SIBILmES OF TRUSTEFS
The trnsiees Iwho ar¢ ajg) the directorn of the compffj f0rthepMp￿ or￿￿panY law) are fvprcpari
the Tnkstt￿ AnnuaI Report and the f￿¥￿Ial slaiements in wrdance with a￿ll￿ble law attd the UDitgJ Kingdom
Accounting Standards (United Kingdom Generally Accqjted Accoulltiog P￿tir￿).
Comp4ny law trquires the tnLS*es to prepare financial tsteEnents for fiwnciai year which give a and fair
view of the srate of affairs of the charitable compaoy and of th¢ Incori￿ rcsourn a￿1 appltcation Of resource
including the income andex￿dI￿￿, ofthe charitsbleconwallyforthat MML tn preparingthese financial statejnents,
. Select suitsble aecountittg poli¢i&s and apply than
• Observe the metboth and prillGiples xti thechatities SOPP.
. Make jud8earllts al￿ ¢￿1[nateS that are reasonable and pruden¢
• sta￿ whether applicable UK A¢countiJig Standards hxve Etell foIlow4 sllbj￿ to any n]at￿l41 deptrtw
disclosed aud &ylained in the fU￿ClaI statr¥n
company will toutinue ill operation.
Thc twste¢s ar¢ T¢Stm51ble for kwing prquxcountiffjg rttffils that di￿lOSe, with reamble ac¢mcy at attylin￿,
the fin￿la1 t￿ltiOn of the charitabk ccrfnwiy enable them to ensure that the finauciai $rat¢￿ellts ¢omply with
the Companies Act 2(M)6. The are a150 responsible for Safegu￿ the assets of the ¢lwitable at)d
INDEPENDLNT EXAMJThER
DECLARATION
SigJ)ed onb¢
the ctiaritys tr

ACE CARDIFF LIMITED
STATEMENT OF FINANCIAL AcrivrriES (illeor￿r￿tIllg the 1￿CO￿￿e and exp¢Dditure 4¢eollnt)
FOR ThE YEAR ENDED 30 JUNE 2023
2011
2022
Funds
T•tsi
Total
In¢0￿1￿8 Res•urtts
Voluntary Ill￿ne
Othtr Incl￿
8ffj54
7&8?6
85.480
504
20.452
504
Total Infomthg Ruoir
9.151
85.984
Rewur¢¢s Expthd¢d
Ch8ritobie Activit￿S
-733
68.1*9
76J22
48,493
Total Raourtu Exp¢nthd
l733
7A822
48893
Net EDcOllwlltsp￿￿ltr￿rt) for theyoar
425
&737
9.162
127.947)
TrnDrfers btttv¢¢o
Nrt movem¢ni In ftynd¥
425
9.162
{27.947)
F*r¥l¥ brwh¢fon¥trd
2119
5J37
7.776
35.n3
Futtds¢4rrled forward
14374
IQ938
7,776
The statem¢rtt of fiiittt¢iaJ activiti¢s includ¢s atl gains and ILWS [Wi￿d in the pr.
All income and ￿Pendi￿re derive frc8n contiDuithg activities.

ACE CARDIFF LIMTTED
BALANCE SHEET
AS AT 30 JUNE 2023
Current8Mets
Dd)ior5
i•
832
4179
Cash at bAnk
1&696
7261
Igj29
Credlton." AMo￿ts faEIIDg due vAthlu
year
2J
et t￿rrent
16.938
7.776
Total &v¢ts ellrrmt Ilabliltl
16.938
7.776
Net
11938
FIDds
GL￿￿81 Unrestrioal F
1665
Rtsrrietal Funds
14273
5537
7,770
The dir￿[￿ ackw1￿ge thThT Testtstsibilttics c1mplyu￿ with th¢ ofthe Cawits A¥X 2W6 wtth rwt
their Ethlf by.

ACE CARDIFF LIMrtED
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 30 JUNE 2023
l. Ge￿traI ltsfgrniatio
The charity 1$ 8 public benefit eniity and a privak compw limited by guaran*e. register&l irt England and Wal&% and
a regist¢red charity in Engi8rd aNI Wale& The addEW of the registercd office is 113-116 Bute StreeL Cardiff Bay,
CFIO SEQ.
2. Statement of eompll*n
11)ese fmaneial 51atements have b¢¢n PfEpaTed in ¢omplt"an¢e with FKS 102. 1￿¢ Financial R￿rtu￿ S*ndard
applicable in the UK and the Republic of Ireland.. the Sthiemeni of Recommend￿ h*tice applicable to charities
preparing their accounts in a¢¢ordaace with the Financial Rcponing StsTrdard apptieable in th¢ UK and Repub]ic of
Ireland (FRS 10?) (Charities SORP (FRS 102)) and the Clwilies Act 2011.
3. Aecounting polides
Ba5i3 of prepariiion
The finan¢ial statements are prEpared in s*rling. which is the fiJnctio0￿ c4llfEncy of the entity.
Going ¢oneern
Having ¢onsidered tbe c¢)ts8eql￿￿￿l of Covid.19 and other events aod COndtti(￿ the trustecy are confident that tbc
chariry will continue to meet its jiabkiiues &8 ty fall due alld collsider that there are no material utt¢ertaiotie$ that
inwact ￿ the goin8 WLfCrn b*sis irmg used to prepare fEoancial swetneut&
Discloswe exempiion8
The en¢i¢y Sati5fi¢s the CTiieria of Fting a quatifyitig eniity ￿ defll￿d in FRS 102. As such. advantage h&8 been taken
of the di5¢1osure exemption available unthr Fyragraph 1.12 of FRS 102 llot lo prepare or disclose a Gash llow statement.
Jmdgements key SOVT¢es of estin￿l￿n un¢ertsiDty
The preparation of the fuwicial $tatemeDts rwiires Jnanageme4t to make judgemenw estimatG% and aswmptiolls that
affect the atnounts reported. These estimate5 aod judgcmcots atr continually reiiewa andare b￿d expenence4md
oth¢r factors. incluthng expectatioN of futur¢ events that are believtst to be rcasonable th¢ Gircum8rawes.
Significaniiudgemenrs. lkn are curreDdy no kry j￿¢￿ellts that mana8em¢N h&$ tna& ID the priw of
applyTng entitys aecouniing w)li¢ies that bave a sft8tilf￿t cffect (#) the recognised in the
financia] statements.
Key swrces of esiimation uncertainty- Thixc are currnitty rm) key a&5umpti(ms orother sources of e5timatiort
uncertatnty thai have a signifiwt ri8k of causing a material adjysunent to the ca￿Illg amounts of &48¢ts and
liabih.ties withio ¢lLe Dext f￿￿￿la1 year.
tncome tax
The ¢han"ry is exemw from tsx on its charithbk ￿tiViti&l.

ACE CARDIFF LIMrrED
NOTES TO THF. FINANCIAI. STATF.MENTS (co￿TINuED)
FOR THE YEAR ENDED 30 Juf4E 2023
3. Accounting policies {continued)
Fand Atcollllting
Uttrestrictrd fuThJs are available for we at the th"scretiotL of the trust¢¢5 10 any of the clhatitys ￿[pOSe$.
Designaloj fi]nds are unrestricted funds earnwkd by tbe ftjr partieular ffith1￿ project or cornmitmeni.
Rtstric*d fiuJ&8 atr subje¢td ￿ restrictions oll their expendittur Ikcjared by the or through the tel￿ of an
8ppeaL aod fall inio oue of ttvo sulKl&ws". restric*d incomc or fi]nds.
rewurees
All irwing resources lE￿Illd¢d ID the 8iat¢ment of financiat activiiies wheo entittem￿l h&$ passtsj to the charity.
it is probabk that the econO￿lC benefits aSS￿lated with the trdThWtitsD will flow to the chariry the amount cao be
reliably measured. The followitig $￿ifiC policie8 are apphed to panicu]ar Categori￿ of I￿O￿e.
income from th)natiotss Ot grants is Tecognisoj when there is evidetice of entitlement to th¢ gifi. ree¢ipt is
probable and Lrs amount tan be me*urEd reliably.
legacy ineome is reCogn￿d when receipt is probable and entitl¢meot is ￿￿blIshed.
income from dojja￿d gr￿dS is meawred at the fair value of 8￿)￿* unless this is impractical to M¢￿ure
rel]ably, in which ¢tsc the value i% derived from the to the donor or the eStll￿￿ resale value. DoTWt¢d
facilitie8 and 5erYi¢¢% are re¢o8llL5ed in the accounts when rtteiycd rfthe Y41ue can k reliably measured No
amounts are included for the cotttribution of general voiunteeK&
Encome from contracts forthe s7]pplyof serviLts is recog015￿ with the dejiveryof the cotstr￿tcd serviL¢. Thig
is ¢l&Ssifi￿ as untestijc￿J fi]nds wile55 thetc is a con¢[acti￿1 rew1￿Ment Eor it to be spent on a particular
purpose and return￿ if ynspeDL in which case it may be regaTded a5 re5tri¢*
Resource8 expended
Exp¢ndtttwe is TttWki8ed on an ac￿￿1$ b￿LS as a liabtlity is iticurt&l Ex￿￿1￿￿e includes 8Hy VAT whi¢h cannot
be ￿llY recover￿. aThl i8 cla&8fftfi¢d under headings of the sthtement of financial a¢tiviiTes ro whieh it relates..
expthditure on rAisin8 6Jnds iD¢ludes the ujsts of dll ￿tiVItie6. evellty nott.chatithble trading
activities, and the sale of doDat¢d g(xyJ&
expendiDJre on ¢haritabIea¢ti￿Il&fj iAtludes all CO￿ incurredbya charity in undertakxng ￿tiVItieS tbat further
its charitable aims for the benefit of its tr*nefictaries. illcludmg those suN￿rt costs o)Sts relating to
goveEnance of the ¢FLarity app)rtioned to Charitable a¢uviti<
oth¢r ex￿.1￿re inclth all expenditure that is neitherrelknl to Taising fuThis for the charity nor part of its
expenditwe on chBrEtsble aGtiviti
All costs are allocated LO expenditure ¢a*gories ￿fi￿ting the use of thc rwurce. Ditttt ￿$ts attributable ￿ a singk
activity are Allocated directly to that &tivity. Shared costs aTe wru(ffjoJ between the ¥tiVIti￿ they contrii*te to on
a re&sonable. justifiable and Co￿4]Stent basis.
The charity only fJDan¢ial assets and fiTwiciaJ I￿]111]eS of a kind that qualify &$ b&sit fllwictal IDstiumen￿ Basic
fmAnci&l instn￿nts are tnittally at rrawiioo value and sUiwueTr￿Y me&sured at their s¢ulement value
with th¢ ex¢eptÈon of baDk102Ns whi¢b would be gthequcndy me&%utoJ ai the ¢￿Illg value plus accwed interest
repayment&

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL sfATEMENfs (CONTI,WUED)
FOR THE YEAR ENDED 30 JUNE 2023
3. Accouniing polities {tontioued)
Defiaed colltributioo plans
Contribulron% to def￿￿ LYIntn￿tion plan8 arc wni*bJ ￿ an eXpern¢￿ Èn the period in which the ttl&ted service 18
provided. Prepaid contnbUtiO￿ are recogoiKd as an to th¢ exknit that the prepaymellt will lead to a Teduction ID
fijwte payEuents or a Cash refimd.
Wh¢n Contr1t￿tiOnS are nor exrKcttsl kn be settled wholly WEthin 12 month5 of the end of the reponing date in which
th¢ erllployees r¢nder the reiat¢d seNi¢e, the liabiltty is mthSUToJ on a di*(MmtuJ present Va￿￿ basis. The unwinding
of the discoulli is recogni8<1 gn expellse in the pen(*J io which afists.
4. LJmit¢d by guar*Dtee
The ¢harity o)mpany is lio]i*d by guarawff.
10

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
2022
Fwnds
Total
Voluntary IAc•mt
Gr*ttts tloDgti•Ds
NaEN)ndl Louuy Commuuity
Adult Le￿￿1￿% Wal¢s
Catdiff Cuun¢il
IrKiivId￿ (knatiths
76.4(X)
76.
7J35
7J35
IJ
407
407
19
19
38
38
Oarfidd W¢#(
N￿Y Trust
10.(
5.(M)O
76826
211.452
Othor ltstome
Sunthy In(om¢
5(hl
SIH
To*￿ In¢oAlugRtw￿rr
9.158
76J26
20546

ACE CARDIFF LIMITED
NOTLS TO THE FINANCIAL STATEMENI3 (COhrylNUED)
FOR THF. YEAR ENDED 30 J￿￿E 2023
Uxrrstrict
Restricted
2023
2022
Vu*th
FM*ds
Tot*1
T¢*al
Cott of Charlt4ble Aeiivitks
M•weJ¥•t & Costs
St*ffiog Co
Salari
41.581
42.121
30,1)
CLI￿￿￿)cY
Tutor fc¢s
162
162
550
4.813
8292
13.105
Volunteers f¢cs and #￿
DBS Checks
233
233
105
148
148
183
5J53
50,416
SS769
Rent and r*es
3J80
10.616
6.479
Telep1￿¢ and iniertxt
Repairs artd maiE)tenance
415
3J
7,727
I 1.107
Cetternl Administratlvt Expense•
Bank charges and inierest
l57
157
452
452
Wd>sir¢and mark¢tittg
987
987
478
780
673
Office wplies
6)7
637
249
3013
3,Q13
Other Expe*s
Exwsed equipment
E¥¢nt and fccs
1422
1788
2,422
2,788
1.909
maw1￿5
1,195
1.195
1,320
TraIn￿g
528
528
933
6.933
4,756
Totsi C￿t of Charltthe Acdvlths
&733
76J22
48,49J
Tot*1 Rewllrtu Expended
&733
76422
493
12

ACE CARDIFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
INdep¢Dde•t ex¥minatlon fees
2023
2022
Fees p*y2ble to the indepetht exami￿ for.
Independeni Lxaminaiion of the ¥tat¢mthts
Other finaRcial services
165
165
495
495
6fA)
StaffiDg
The average head rouni of¢mpioy¢es during Year￿ 4 (2022- 4).
No ernployees recetved employee Imefits of ts￿[¢ £60.(XM) during the year(2021- Nill.
TrDstse remuuer*¢t•Tr and
No tnLSEets reoived any rem￿OTr orother i%nefits during the year end￿ 30 June 2023.
There w¢Jr no exp¢Th￿ ￿ld for theyear ended 30 JUT* 2023.
10. Debtors
21)23
2022
Sundry debt￿5
832
1179
11. Credltors: Amounts falling within •tte year
2011
2022
Payroll
398
235
AcwJnlancy
1320
Sundry
872
769
12.
Pens(ons oth¢r post-rettrell*llt
Is an ex￿nSt in ret￿lOtt to Ikfined COntn￿￿Oll plw w&s £613 (2022- £480).
13

ACE CARDIFF LIMITED
NOTLS TO THE FINAI¥CIAL STATEME.YTS (CONTINUED)
FOR THE YEAR ENDED 30JUNE 2023
13. Fund Bal￿¢¢8
Balatttes
Transfers
Balan¢ts *t
l July 2022
Movement
brtweeD f￿ndS
30 2023
Utwestrict&l FuThl%
Resthcted Funts
2239
415
5.537
8,737
14.?74
Total Cbarlty Funlts
7.776
9,162
1(938
14. An￿Yth ofxet wets b¢tweett f
Restrieted
T(•tsl f￿nth
fund8
F•ads
Totsj funds
2022
16.863
19.528
Cjtdirots less than one year
N¢¢ ￿lets
(2J901
14273
(2,59))
IA938
11,6641
7.776
4665
l& Relxt¢d party ¢r*Trsactio
There wae no related party tran5acr1o￿S during the year.
14