Finance Score: 7

Governance Score: -1

Support Score: 8

Liabilities <10%: +3
Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times
Reasonable growth: +1
Fundraising costs low: +3

Mainly male board: -1

Grant maker support: +8

Overall GiG Score: 14

AFRICAN CULTURAL EXCHANGE LIMITED

ACE dance and music is a professional dance Company based at The Link, Digbeth in B'ham. ACE dance and music fuse traditional African & Caribbean dance aesthetic with contemporary techniques to create high-quality innovative performance work, outreach & education programmes for adults and young people in a variety of settings within B'ham, the West Midlands, across the UK and in mainland Europe.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
More than half of total income was derived from trading and fees in the latest year
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

The Board is predominantly male

Financial issues to consider:

Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£797	£808	£-11	£9	£640	£591	8.8	14	10
31/03/22		£594	£544	£51	£19	£651	£617	13.6	8	20
31/03/21	*	£659	£301	£358	£4	£600	£444	17.7	5	16
31/03/20	*	£540	£508	£32	£7	£242	£201	4.8	6	45
31/03/19		£584	£483	£101	£12	£210	£162	4	6	22
31/03/18		£395	£457	£-62	£0	£0	£0	n/a	0	0
31/03/17		£433	£432	£1	£0	£0	£0	n/a	0	0
31/03/16		£307	£341	£-34	£0	£0	£0	n/a	0	0
31/03/15		£340	£300	£40	£0	£0	£0	n/a	0	0
31/03/14		£500	£320	£180	£0	£0	£0	n/a	0	0
31/03/13	*	£306	£260	£46	£0	£0	£0	n/a	0	0
31/03/12	*	£308	£322	£-14	£0	£0	£0	n/a	0	0
31/03/11		£281	£251	£30	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.4%
Fundraising Costs/Total Spending: 1.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 92%
Reserves/Spending: 8.8 months
Net Current Assets/Spending: 9 months
Quick Ratio: 19.4

Asset Split ?

Established: 14 years
(26 years as a company)

www.acedanceandmusic.com

info@acedanceandmusic.com

01213145830

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training

GiG Classification

Performing and visual arts

How it operates

Other charitable activities

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
The General Public/Mankind

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Youth Music	£100,000
Esmee Fairbairn	£96,900
Department for Work and Pensions	£11,903

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - Grant to African Cultural Exchange Ltd (ACE dance and music)
£4,000	20/02/2023	Towards unrestricted core costs as a Cost of Living Uplift
Department for Work and Pensions - IFIX NEWCASTLE UNDER LYME LIMMITED
£3,256	01/04/2022	The Kickstart Scheme provides funding to employers to create jobs for 16 to 24 year olds on Universal Credit.
Esmee Fairbairn - Grant to African Cultural Exchange Ltd (ACE dance and music)
£38,900	23/06/2021	Towards core costs from the Reinvent Performing Arts Fund
Youth Music - Bridging Barriers
£100,000	11/06/2021	Bridging Barriers
Department for Work and Pensions - IFIX NEWCASTLE UNDER LYME
£8,647	01/04/2021	The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment.
Esmee Fairbairn - Grant to African Cultural Exchange Ltd (ACE dance and music)
£54,000	24/03/2021 1	Towards unrestricted core costs from the Racialised Communities Top Up Fund

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees:

DENISE MARCELLA BURGUNDY Appointed: 2003

NIGEL BRYCE GARDNER Appointed: 2017, Occupation: Solicitor

OLIVER JASON SMITH Appointed: 2023

PAUL NNONYELU UDENZE (Chair) Appointed: 2010, Occupation: C E O, Other trusteeship: OSCAR BIRMINGHAM LTD,

VINCENT UGBOH Appointed: 2017, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 13/08/2010, number: 1137490
Registered at Companies House on 26/11/1997, number: 03471844

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

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
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

Filing Record

13 returns made; AR23: 112 days late, AR21: 23 days late, AR20: 1 days late, AR13: 55 days late, AR12: 115 days late,

Main office

THE LINK DANCE SPACE
54-57 FLOODGATE STREET
BIRMINGHAM
B5 5SL

Objectives

TO ADVANCE EDUCATION FOR THE PUBLIC BENEFIT BY THE PROMOTION OF THE ARTS, IN PARTICULAR BUT NOT EXCLUSIVELY THE ART OF DANCE.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, NATIONAL

Data Sources