Finance Score: 1

Governance Score: -1

Support Score: 9

Liabilities <10%: +3
Accounts overdue -5
Fundraising costs low: +3

Mainly male board: -1

Grant maker support: +9

Overall GiG Score: 9

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
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:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board is predominantly male

Financial issues to consider:

Latest accounts are overdue for filing

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
31/03/22		£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	12
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

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 3.4%
Fundraising Costs/Total Spending: 3.5%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 13.6 months
Net Current Assets/Spending: 14 months
Quick Ratio: 20

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 works here?

8 employees
20 volunteers

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

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

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

AFRICAN CULTURAL EXCHANGE LIMITED

Analysis by Giving is Great

Positives:

Regulatory & Governance issues to consider:

Financial issues to consider:

Financial Data ?

Income & Spending ?

Sources of Income ?

Financial Ratios

Asset Split ?

UN SDGs

Listed activities

GiG Classification

How it operates

Where it operates

Who it helps

Who works here?

Who's supporting them? ?

Donations from Grant Makers ?

Major supporters in last 5 years

Specific Donations

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees:

Legal constitution

Gift Aid

Policies in force

Filing Record

Main office

Objectives

Defined Area of Benefit:

Data Sources

Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?

Our Top Tips for Philanthropy

How to become a Philanthropist