ASSOCIATION FOR CULTURAL EXCHANGE LIMITED(THE)

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Peters Elworthy & Moore

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. ASSOCIATION FOR CULTURAL EXCHANGE LIMITED(THE) · parent
   1. ACE Cultural Tours Limited 100% · UK · International cultural tours operator
   2. Stapleford Granary Limited 100% · UK · Operating a café

Significant events

• “2024 marked a year of transition within the Charity. We are moving from being founder-led to a Charity with an independent board of trustees supporting executive teams in each of the Charity's constituent parts.”
• “On 31 December 2024, our chair retired having served two full terms on the trustee board... Trustee John Bryden retired from the board at the AGM in 2024... Our Group head of finance, Ruth Hawkins, retired from her role after 12 years' service.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +22.1%

  £5,932,497 → £7,241,692

• Cash

  -5.4%

  £2,294,711 → £2,170,101

• Net assets

  +3.6%

  £7,236,018 → £7,499,554

• Employees

  +2.7%

  37 → 38

• Operating profit

  +192%

  £41,077 → £119,940

• Profit before tax

  +62.9%

  £161,819 → £263,536

• Wages

  +12.6%

  £1,036,023 → £1,166,719

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers