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 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

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

Contents of the Financial Statements

for the Period Ended 31 July 2024

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 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

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 2023 to 31 July 2024

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
27 April 2025

And signed on behalf of the board by:
Name: Stephen Reed
Status: Director

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

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 726,704 622,588
Gross profit(or loss): 726,704 622,588
Distribution costs: ( 663,814 ) ( 630,321 )
Operating profit(or loss): 62,890 (7,733)
Interest receivable and similar income: 1,449
Profit(or loss) before tax: 64,339 (7,733)
Profit(or loss) for the financial year: 64,339 (7,733)

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

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 85,000 87,630
Total fixed assets: 85,000 87,630
Current assets
Cash at bank and in hand: 104,570 52,819
Total current assets: 104,570 52,819
Creditors: amounts falling due within one year: 4 ( 11,818 ) ( 21,211 )
Net current assets (liabilities): 92,752 31,608
Total assets less current liabilities: 177,752 119,238
Creditors: amounts falling due after more than one year: 5 ( 31,289 ) ( 38,199 )
Accruals and deferred income: ( 1,440 )
Total net assets (liabilities): 145,023 81,039
Members' funds
Profit and loss account: 145,023 81,039
Total members' funds: 145,023 81,039

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 2024 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 27 April 2025
and signed on behalf of the board by:

Name: Stephen Reed
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 2024

  • 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 2025. 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 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 35 34

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

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 100,000 6,965 7,985 114,950
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 100,000 6,965 7,985 114,950
Depreciation
At 1 August 2023 12,370 6,965 7,985 27,320
Charge for year 2,630 2,630
On disposals
Other adjustments
At 31 July 2024 15,000 6,965 7,985 29,950
Net book value
At 31 July 2024 85,000 0 0 85,000
At 31 July 2023 87,630 0 0 87,630

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

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 8,018 7,611
Other creditors 3,800 13,600
Total 11,818 21,211

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

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 31,289 34,340
Other creditors 3,859
Total 31,289 38,199

COMMUNITY INTEREST ANNUAL REPORT

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

Company Number: 06950215 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Introduction ACE CIC is a vital organization serving adults with disabilities in the Belle Vale area of Liverpool. This report highlights the positive impact Ace has had on the community over the past year. Key Activities and Achievements Health and Wellbeing: Ace provides essential health and wellbeing activities for 50 adults with additional needs, including Zumba, Tai Chi, and yoga. These activities help reduce stress and anxiety, promoting physical and mental wellbeing. Community Engagement: Ace actively engages with the local community through various initiatives: -Discos: Organized and run by the individuals Ace supports, these discos foster social inclusion and entertainment for both participants and the wider community. -Venue Support: Ace utilizes venues from other local community groups, strengthening community bonds and resource sharing. -Drama Group: The weekly drama group culminates in pantomimes and summer shows, providing creative expression opportunities and engaging families, particularly during the Christmas season. Last year's pantomime was A Christmas Carol which went down very well and was attended by all families and friends. -Outdoor Events: Events like fish and chips nights and Spanish evenings create inclusive social spaces for individuals Ace supports, their families, and local residents. Community Garden Shop: The garden shop provides meaningful work experience for the individuals Ace supports while offering plants, compost, and gardening furniture to the community. The sale of self-made planters and plants grown from seed further enhances this initiative. Environmental Improvements: Ace has invested in a new heating and water system, reducing environmental impact and operating costs. Person centred support: We support individuals in developing personalized plans that reflect their goals and aspirations. We offer a wide range of activities and opportunities for people to participate in based on their interests. We promote self-advocacy and empower people to make informed decisions about their lives. Impact Ace has made a significant positive impact on the lives of the people it supports and the wider Belle Vale community: Improved Wellbeing: Health and wellbeing activities have demonstrably improved the physical and mental health of participants. Increased Social Inclusion: Discos, drama performances, and outdoor events have fostered a sense of belonging and social inclusion for individuals with disabilities within the community. Community Engagement: Collaboration with other community groups and engagement with local residents through events and the garden shop have strengthened community bonds. Skills Development: The garden shop and drama group provide valuable opportunities for skills development and work experience. Environmental Responsibility: The new heating and water system Ace has implemented is a clear demonstration of our commitment to environmental sustainability, reflecting the core principles of our Ace Vision. Conclusion Ace CIC has had a successful year, making a positive difference in the lives of individuals with disabilities and the broader Belle Vale community. Through its diverse programs and commitment to community engagement, Ace continues to be a valuable asset to the area. By continuing to build on its successes and address areas for improvement, Ace CIC can further enhance its positive impact on the Belle Vale community in the years to come.

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
27 April 2025

And signed on behalf of the board by:
Name: Stephen Reed
Status: Director