2025-06-30-accounts

Registered Charity Number 1116764 Company Registered Number 05855440

ACE CARDIFF LIMITED

Financial Statements For The Year Ended 30 June 2025

ACE CARDIFF LIMITED

FOR THE YEAR ENDED 30 JUNE 2025

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	5
Statement offinancial activities	6
Statement offinancial position	7
Notestothefinancialstatements	8

ACE CARDIFF LIMITED

TRUSTEES REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. This report meets the requirements for a Directors’ Report for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011, Companies Act 2006 and Accounting and Reporting by Charities: 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) (effective 1 January 2015).

OBJECTS OF THE CHARITY, PRINCIPAL ACTIVITIES AND ORGANISATION 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, il ~~l-~~ health, disability, financial hardship or other disadvantage including unemployment, primarily in Cardiff and the surrounding areas, for the public benefit.

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 Cardiff's Learning Club aims to stimulate young people’s enthusiasm for learning in the Butetown and Grangetown areas of Cardiff, in order that they feel more confident, in their abilities to face the personal, academic and social challenges that life brings with it!

We work, in partnership 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 singl ~~e-~~ sex ESOL classes in the Butetown, Grangetown and Ely areas of Cardiff, including refugees 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 ~~-~~ Entry and Entry 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 charitable activities.

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2025

ACE CARDIFF LIMITED

TRUSTEES REPORT

FOR THE YEAR ENDED 30 JUNE

REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS

In The Learning Club, the challenge of prevalent child behavioural issues was tackled by introducing successful new activities including a pilot drama session. Broadening of children’s horizons was boosted through collaborations with Techniquest and exploring VR experiences with longtime collaborator Vision Fountain. The ESOL program showed strong results, with 12 students progressing to CAVC courses and the new Grangetown class becoming established. Support for English learners was expanded to include health awareness and sessions focused on civic engagement. Community engagement included the annual Celebration Event and diverse one ~~-o~~ ff Outreach activities such as Zumba and calligraphy) and the charity deepened key partnerships with CAVC and Cardiff Council to enhance program offerings and access.

The Learning Club

• ° Continued experiences of challenging behavioural issues in some TLC sessions, which feedback from our partners and other educators suggests is a prevalent issue with children in this age ~~-~~ group, potentially a result of the Covid confinement and excessive use of screens.

• e We have explored solutions with more physical activity which led to a successful pilot drama session and the use of a knitting activity to manage behaviour.

• ° Further collaborations with long ~~-~~ term partners Techniquest ~~-~~ delivering an event in conjunction with The Royal Society of Chemistry’s ambassadors from Cardiff Uni ~~-~~ and arts organisation Vision Fountain to explore creating VR experiences.

• ° Building relationship with a local home ~~-s~~ chool group to reach children not in traditional education

• ° Initiated a pilot “parents evening” for parents to join in one session a term to help build family engagement.

• e Increasing our safeguarding with regular safeguarding meetings.

English for Speakers of other Languages (ESOL)

• ° Attendance at the ESOL sessions was consistently good, and a new Monday afternoon pilot class in Grangetown is fully established.

• ° 12 ESOL students progressed onto courses at Cardiff and Vale College (CAVC) and supported 10 students to attend assessments to access classes with our partner Adult Learning Wales (ALW) from September 2025.

• ° Helping ESOL students to respond to Council’s budget proposals for 2025/26, providing an opportunity for our students to learn new vocabulary and practise reading and writing skills and enabling them to express their opinions and have their say on matters that can affect their daily lives.

• e Awareness raising session on cancer symptoms and cervical cancer, delivered by Macmillan, with the support of local community interpreters.

Community Engagement

• ° The Outreach team have delivered several one ~~-o~~ ff activities to the community including Zumba and calligraphy.

• ° Ramadan impacted delivery of our activities this year due to the time of Iftar ~~—~~ the breaking of the fast. Morning activities (ESOL) were unaffected but numbers at both TLC and ESOL were affected. We consulted with the community beforehand to decide how to approach this which resulted in a mixture of cancelling some sessions and continuing to run others.

• ° We held our yearly Celebration Event in July at Butetown Community Centre to recognise the efforts of the students and volunteers attending ACE sessions throughout the year.

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ACE CARDIFF LIMITED

FOR THE YEAR ENDED 30 JUNE 2025

TRUSTEES REPORT

Partnerships & Collaboration

• ° Continued to build connections with CAVC (who host The Learning Club twice a week) through a Street Smart Course for parents.

• ° Event with Cardiff Met to allow students to learn about possible avenues for education.

• ° Strengthening the collaboration with Cardiff Council through delivery of arts and crafts activities during holidays in Butetown and Grangetown as well as the continuing the new regular holiday provision at Riverside Warehouse. As an area of potential growth for the charity this enables us to connect with and build a relationship with the community in this area of Cardiff.

• ° After the success of the initial event in 23/24 we are exploring another Singing Down the Bay event in collaboration with Aloud Charity for the 25/26 academic year.

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 both the learning support and the ESOL classes will 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 of the 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 statements.

The charity received the third of four year’s funding from The National Lottery Community Fund ~~-~~ People and Places 3 which has enabled us to commence our strategy to expand and develop our provision.

RESERVES POLICY

The trustees have examined the level of reserves held at the year ~~-~~ end in light of the main risks facing the organisation. A policy has been established to maintain sufficient free reserves equivalent to meet the immediate needs of the charity in the event of a service interruption.

The free reserves of a charity represent the funds that are freely available to spend. In calculating the free reserves the trustees have deducted from the total of unrestricted funds any funds designated at the year end.

The policy is reviewed by the trustees on an ongoing basis.

GOING CONCERN

Having considered budget and cash flow projections for the next twelve months, the trustees are confident that the charity will continue to meet its liabilities as they fall due for the foreseeable future and consider that there are no material uncertainties about the Trust's ability to continue as a going concern. It is therefore considered appropriate by the trustees to prepare the financial statements on a going concern basis.

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2025

ACE CARDIFF LIMITED

TRUSTEES REPORT

FOR THE YEAR ENDED 30 JUNE

DIRECTORS AND TRUSTEES

All directors of the company are also trustees of the charity and there are no other trustees.

THE TRUSTEES

The Trustees who served the charity during the year were as follows: ~~-~~ Alina Trigger (Chair) Stuart Cox (Treasurer, Resigned February 11th 2025) Helen Edgeworth Geoff Hollett Luay Karrar Robyn Mercer ~~-~~ Davies Dr Emily Morris

RESPONSIBILITIES OF TRUSTEES (CONTINUED)

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 statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable 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 financial 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 statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINER

The Trustees have decided to review the appointment of independent examiner for the ensuing year and will carry out this process during the coming months.

DECLARATION

This report was approved by the board on March 23rd, 2026

Signed on behalf of the charity's trustees.

J

A Trigger

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ACE CARDIFF LIMITED

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ACE CARDIFF LIMITED

I report to the trustees on my examination of the financial statements of Ace Cardiff Limited (‘the charity’) for the year ended 30 June 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

• . 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

• , 2. — the financial statements do not accord with those records; or

• the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter

: considered as part of an independent examination; or

;

:

:

1. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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sined O Ko—~— pe 28 (incl 2ore
Philip Harris FCA .
Independent Examiner
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Gordon Down & Company Accountants & business advisors 144 Walter Road SWANSEA SA1 5RW

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ACE CARDIFF LIMITED BALANCE SHEET

AS AT 30 JUNE 2025

Current assets Debtors 10 Cash atbankand inhand	£ 2,114 17,251	2025	£	£ 50 24,785	2024	£
Creditors: Amounts falling due within one year 11	19,365 1,548			24,835 5,045
Net current assets			17,817			19,790
Total assets less current liabilities			17,817			19,790
Net assets			17,817			19,790
Funds 13 General Unrestricted Funds Restricted Funds			5,040 12,777			3,381 16,409
			17,817			19,790

The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements are approved by the trustees on March 23rd, 2026

And are signed on their behalf by:

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/
A Trigger ‘
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The notes on pages 8 to 14 form an integral part of these financial statements.

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ACE CARDIFF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 113 ~~-~~ 116 Bute Street, Cardiff Bay, CF10 SEQ.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Having considered the consequences of Covid ~~-~~ 19 and other events and conditions, the trustees are confident that the charity will continue to meet its liabilities as they fall due and consider that there are no material uncertainties that impact on the going concern basis being used to prepare these financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the disclosure exemption available under paragraph 1.12 of FRS 102 not to prepare or disclose a cash flow statement.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

• ° Significant judgements ~~-~~ There are currently no key judgements that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

• ° Key sources of estimation uncertainty ~~-~~ There are currently no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Income tax

The charity is exempt from tax on its charitable activities.

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ACE CARDIFF LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub ~~-c~~ lasses: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• ° income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• ° legacy income is recognised when receipt is probable and entitlement is established.

• ° income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• ° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• ° expenditure on raising funds includes the costs of all fundraising activities, events, non ~~-c~~ haritable trading activities, and the sale of donated goods.

• ° expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• ° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which would be subsequently measured at the carrying value plus accrued interest less repayments.

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ACE CARDIFF LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

5. Incoming Resources Voluntary Income Grants and Donations National Lottery Community Fund AdultLearning Wales CardiffCouncil CCLA Other	Unrestricted Restricted 2025 Funds Funds Total £ £ £ 87,300 87,300 3,760 3,760 - ~~-~~ -	2024 Total £ 83,800 6,143 - 2,000 -
	3,760 87,300 91,060	91,943
Other Income Interest	1,100 1,100	1,394
	1,100 1,100	1,394
TotalIncomingResources	4,860 87,300 92,160	93,337

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ACE CARDIFF LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

6. ResourcesExpended Cost ofCharitable Activities Management& Administration Costs Staffing Costs Salaries Consultancy Tutor fees Volunteers fees and expenses DBS Checks	Unrestricted Funds £ 729 ~~-~~ 1,450 ~~-~~ ~~-~~	Restricted 2025 Funds Total £ £ 59,445 60,174 150 150 15,171 16,621 195 195 194 194	2024 Total £ 50,198 920 18,262 661 410
	2,179	75,155 77,334	70,451
Premises Costs Rent and rates Telephone and internet Repairs and maintenance	752 ~~-~~ ~~-~~	8,298 9,050 651 651 98 98	11,585 683 ~~-~~
	752	9,047 9,799	12,268
General Administrative Expenses Bank charges and interest Insurance Website and marketing Accountancy Office supplies	~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~	191 191 512 512 676 676 721 721 339 339	149 518 632 724 764
	~~-~~	2,439 2,439	2,787
Other Expenses Expensed equipment Event costs andvenue fees Project materials Training IT Support	~~-~~ ~~-~~ ~~-~~ 270 -	416 416 1,655 1,655 1,917 1,917 303 573 - -	~~-~~ 1,835 1,925 772 447
	270	4,291 4,561	4,979
Total Cost ofCharitable Activities	3,201	90,932 94,133	90,485
TotalResourcesExpended	3,201	90,932 94,133	90,485

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ACE CARDIFF LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |7.|Independent|examination|fees|2025|2024| |£|£| |Fees|payable|to|the|independent|examiner|for:| |Independent|examination|of the|financial|statements|172|165| |Other|financial|services|515|495| |687|660| |8.|Staffing| |The|average|head|count|of employees|during|the|year was|13|(2024|-|12).| |No|employees|received|employee|benefits|of more|than|£60,000|during|the|year|(2024|-|Nil).|

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9. Trustee remuneration and expenses

No trustees received any remuneration or other benefits during the year ended 30 June 2025.

There were no trustees' expenses paid for the year ended 30 June 2025.

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |10.|Debtors|2025|2024| |£|£| |Sundry|debtors|2,114|50| |11.|Creditors:|amounts|falling|due|within|one|year|2025|2024| |£|£| |Payroll|51|398| |Accrued|Accountancy|1347|660| |Sundry|-|1822| |Rent|150|2165| |1,548|5,045|

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12. _ Pensions and other post ~~-~~ retirement benefits

The charity operates a defined contribution pension scheme. The amount recognised in income and expenditure

as an expense in relation to defined contribution plans was £810.24 (2024 ~~-~~ £1,046.82).

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