ACE (ACTION IN CAERAU AND ELY)
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net unrestricted surplus of £49,543 for the year, with total unrestricted reserves standing at £614,807. Per the trustees' report, the overall cash reserves are £672,173, which meets the stated policy of maintaining a minimum of 18 months of running costs. The financial position is described as healthy, although the trustees note that future years may be more challenging due to funding pressures and increased costs.
What the accounts disclose
“We are continuing with the policy set in 2021 of setting aside a minimum of 18 months running costs of the organisation within our reserves” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Marian Dixeychair
- Dr Eva Elliot
- James Roach
- Janice Refalo
- Jessica Davies
- Leyton Devril Smith
- Melvin Witherden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.4m |
| 31/03/2024 | £1.5m | £1.4m |
| 31/03/2023 | £1.2m | £1.5m |
| 31/03/2022 | £2.1m | £1.2m |
| 31/03/2021 | £1.3m | £1.0m |
Common questions
Is ACE (ACTION IN CAERAU AND ELY) financially healthy?
The accounts state that the charity reported a net unrestricted surplus of £49,543 for the year, with total unrestricted reserves standing at £614,807. Per the trustees' report, the overall cash reserves are £672,173, which meets the stated policy of maintaining a minimum of 18 months of running costs. The financial position is described as healthy, although the trustees note that future years may be more challenging due to funding pressures and increased costs. Its FY2025 accounts were audited by Gordon Down & Partners.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/12/2016 | £1.2m | "The Hidden Hillfort Project" |
| The National Lottery Heritage Fund | 29/03/2016 | £10k | "Art tells the story of WW1" |
| The National Lottery Heritage Fund | 03/10/2012 | £10k | "Pathway to the Past" |