ACE (ACTION IN CAERAU AND ELY)

Charity number: 1150422
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

ACE (Action in Caerau & Ely) is a Charity located in Ely and Caerau, Cardiff. ACE aims to bring the community together, support community groups, manage and develop local projects, and find ways of regenerating the local community.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,514,829

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Donations and legacies £17.94k
Charitable activities £1.37m
Other trading activities £122.95k
Investments £6.03k
Other £260

Total expenditure:
£1,365,052

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Raising funds £0
Charitable activities £1.37m
Other £0

-£10,000 investments gains (losses)

Total income includes £132,448 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £1.37m
Retained for future use £149.78k

People

35 Employee(s)

10 Trustee(s)

30 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Cardiff

Governance

Registration history:
  • 10 January 2013: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
07623914 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Marian Dixey Chair 01 May 2017
None on record
Jessica Davies Trustee 28 October 2024
None on record
Omobonike Atobatele Trustee 20 August 2024
None on record
Janice Refalo Trustee 01 March 2023
None on record
Dr Eva Elliot Trustee 01 March 2023
None on record
Christopher Lannen Trustee 16 September 2020
None on record
Leyton Devril Smith Trustee 28 April 2020
None on record
James Roach Trustee 28 November 2019
None on record
Oonagh Mary Scott Trustee 28 November 2019
None on record
Melvin Witherden Trustee 01 April 2017
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.18m £1.34m £2.07m £1.20m £1.51m
Total expenditure £848.10k £1.02m £1.21m £1.55m £1.37m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £278.96k £285.65k £131.58k £194.30k £132.45k
Income - Donations and legacies £9.63k £33.26k £81.73k £15.48k £17.94k
Income - Other trading activities £115.36k £39.27k £74.22k £93.76k £122.95k
Income - Charitable activities £1.06m £1.27m £1.91m £1.09m £1.37m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.46k £864 £308 £1.34k £6.03k
Income - Other £0 £0 £0 £0 £260
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £848.10k £1.02m £1.21m £1.48m £1.37m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £5.00k £5.06k £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £72.55k £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £134.42k £490.85k £144.45k £1.03m £210.01k
Long-term investments £10 £144.44k £1.14m £220.00k £969.22k
Other assets £751.38k £660.60k £802.29k £587.04k £756.09k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £4.69k £92.97k £18.18k £48.80k £6.76k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 22 January 2025 On Time
Accounts and TAR 31 March 2024 22 January 2025 On Time Download Open in new window
Annual return 31 March 2023 29 November 2023 On Time
Accounts and TAR 31 March 2023 29 November 2023 On Time Download Open in new window
Annual return 31 March 2022 23 December 2022 On Time
Accounts and TAR 31 March 2022 23 December 2022 On Time Download Open in new window
Annual return 31 March 2021 01 December 2021 On Time
Accounts and TAR 31 March 2021 01 December 2021 On Time Download Open in new window
Annual return 31 March 2020 27 January 2021 On Time
Accounts and TAR 31 March 2020 27 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 05 MAY 2011 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 20 DEC 2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 08 NOV 2014 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 19 SEP 2018 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 27 JUL 2022 as amended on 24 Oct 2022

Charitable objects

3.1. The objects of the Company shall be: a) To develop the capacity and skills of the members of the socially and economically disadvantaged communities of Cardiff in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society b) The promotion for the public benefit of urban regeneration in areas of social and economic deprivation in the area of Cardiff by all or any of the following means: i. the relief of poverty in such ways as may be thought fit; ii. the relief of unemployment in such ways as may be thought fit, including assistance to find employment; iii. the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience; iv. The advancement of education in and appreciation of the arts, heritage culture and creative activities; v. the provision of financial assistance, technical assistance, or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in setting up their own business, vi. the creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms; vii. the maintenance, improvement or provision of public amenities; viii. the provision or assistance in the provision of recreational facilities for the public at large and/ or those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities; ix. the provision of public health facilities and childcare; x. such other means as may from time to time be determined subject to the prior consent of the Charity Commissioners for England and Wales. c) The relief of financial hardship among people living or working in Cardiff, South Wales by providing such persons with goods/services which they could not otherwise afford through lack of means.

Contact information

Address:
ACE
Our Place: Dusty Forge
460 Cowbridge Road West
CARDIFF
CF5 5BZ
Phone:
02920003132
Email:
info@aceplace.org
Website:

www.aceplace.org Open in new window