THE ACE CENTRE-NORTH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £186,799 for the year ended 31 March 2023, a significant improvement from the previous year's deficit of £12,857. Per the trustees' report, unrestricted reserves stood at £23,910,030, which is considered an acceptable level against the policy target of maintaining twelve months' running costs. The trustees are optimistic that the charity can continue to meet its objectives and operate effectively for the foreseeable future.
What the accounts disclose
“The reserves policy is to maintain sufficient unrestricted reserves to enable Ace Centre to continue delivering its core services for a minimum of twelve months, at its current capacity, in the event of it losing its primary source of income” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (09/08/2013)
Trustees
- John Devlin
- Owen Michael Ashworth
- Professor Mark Hawley
- Timothy Joseph Welch
- Toby Hewson
- Umar Nasheen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.6m | £5.1m |
| 31/03/2024 | £4.4m | £4.4m |
| 31/03/2023 | £4.4m | £4.3m |
| 31/03/2022 | £3.7m | £3.8m |
| 31/03/2021 | £3.7m | £3.0m |
Common questions
Is THE ACE CENTRE-NORTH financially healthy?
The accounts state that the charity reported a net deficit of £186,799 for the year ended 31 March 2023, a significant improvement from the previous year's deficit of £12,857. Per the trustees' report, unrestricted reserves stood at £23,910,030, which is considered an acceptable level against the policy target of maintaining twelve months' running costs. The trustees are optimistic that the charity can continue to meet its objectives and operate effectively for the foreseeable future. Its FY2023 accounts were audited by Wrigley Partington.