ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06950215 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

The principal activity of the company in the period under review was day support for adults with additional needs.

Company policy on disabled employees

The company adheres to all laws and regulations with regards to the employment of disabled persons. The company currently offers employment and voluntary work to a large number of people who are registered (and unregistered) disabled.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Stephen Reed
Stephen Percival
Michael Prescott


Secretary Julie Harding

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 April 2024

And signed on behalf of the board by:
Name: Michael Prescott
Status: Director

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 622,588 525,638
Gross profit(or loss): 622,588 525,638
Distribution costs: ( 630,321 ) ( 553,755 )
Other operating income: 0 19,445
Operating profit(or loss): (7,733) (8,672)
Profit(or loss) before tax: (7,733) (8,672)
Profit(or loss) for the financial year: (7,733) (8,672)

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 87,630 90,826
Total fixed assets: 87,630 90,826
Current assets
Cash at bank and in hand: 52,819 101,876
Total current assets: 52,819 101,876
Creditors: amounts falling due within one year: 4 ( 21,211 ) ( 18,400 )
Net current assets (liabilities): 31,608 83,476
Total assets less current liabilities: 119,238 174,302
Creditors: amounts falling due after more than one year: 5 ( 38,199 ) ( 58,770 )
Provision for liabilities: ( 3,245 )
Accruals and deferred income: ( 23,830 )
Total net assets (liabilities): 81,039 88,457
Members' funds
Profit and loss account: 81,039 88,457
Total members' funds: 81,039 88,457

The notes form part of these financial statements

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 April 2024
and signed on behalf of the board by:

Name: Michael Prescott
Status: Director

The notes form part of these financial statements

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover relates to income received from parents, carers and agencies via direct payment and private contract via invoicing.

    Tangible fixed assets depreciation policy

    Assets are reduced on a straight 5 or 3 year base line to nil. They are capitalised if they can be used for one year and cost at least £500.Land & Building asset depreciated on reducing 2.5% balance with expected life of 40 years

    Other accounting policies

    In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of these accounts. After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue operational existence for the current year to July 2024. For this reason, they continue to adapt the going concern basis in the preparation of accounts.

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 34 32

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 100,000 6,965 7,985 114,950
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 100,000 6,965 7,985 114,950
Depreciation
At 1 August 2022 9,870 6,269 7,985 24,124
Charge for year 2,500 696 3,196
On disposals
Other adjustments
At 31 July 2023 12,370 6,965 7,985 27,320
Net book value
At 31 July 2023 87,630 0 0 87,630
At 31 July 2022 90,130 696 0 90,826

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 7,611 0
Other creditors 13,600 18,400
Total 21,211 18,400

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 34,340
Other creditors 3,859 58,770
Total 38,199 58,770

COMMUNITY INTEREST ANNUAL REPORT

ACTIVE COMMUNITY ENTERPRISE (A.C.E.) COMMUNITY INTEREST COMPANY

Company Number: 06950215 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

This year marked ACE's return to full operational capacity following the COVID-19 pandemic. Several major projects, previously delayed due to the pandemic, were completed throughout the site. These included new ceilings and insulation in our main building, as well as the long-awaited and much needed resurfacing of outdoor areas. Unfortunately, project costs exceeded pre-COVID estimates significantly (for example, resurfacing increased from £16,000 to £28,000). This, coupled with substantial increases in gas and electricity expenses, adversely affected our financial results, ultimately leading to a loss for the financial year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 April 2024

And signed on behalf of the board by:
Name: Michael Prescott
Status: Director