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2023-03-31-accounts

Ascension Community Trust Charity Reg number 1091887 Company registered in England and Wales Company Number 04184090

ASCENSION COMMUNITY TRUST

Directors Report and Financial Statements

for the Year Ended 31 March 2023

Ascension Community Trust Charity No. 1091887 Contents of the Financial Statements for the year ended 31 March 2023

Page
General Information 2
Trustees report 3-6
Independent Examiners Report to the Trustees 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10-14

page 1

Ascension Community Trust Charity No. 1091887 Companies House Reg Number 04184090 General Information for the year ended 31 March 2023

Principal Address Ascension Community Trust
Ascension Church Centre
Baxter Road
Custom House
London
E16 3HJ
Director/Trustees.
Rev'd D Chesney
N J Copsey
C G Crombie
A MacDonald
F Johnson
MGJ Yeatts
Secretary P H Beaufrere
Independent Examiners Brian Dexter ACMA
A Thousand Hills Limited
172 Sandford Road
East Ham
LONDON
E6 3PX

page 2

for the year ended 31 March 2023

Ascension Community Trust Charity No. 1091887 Trustees Report

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and financial statements of the charitable company for the year ended 31 March 2023. The Trustees have adopted and followed the provisions of "Accounting and Reporting for Charities: Statement of Recomended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102, effective 1 January 2019).

This last financial year has been a one of new opportunities alongside challenges. Following two years marked by the unpredictability and disruption caused by the Covid pandemic we have sought to build on the hard work done in response. Whilst as an organisation we experience the strain this brought there have also been unexpected benefits. In particular, our ability to adapt and draw upon our strong local connections in the area has brought greater recognition to our work from the council and Trussell Trust which has enhanced the way in which we can seek to make an impact as a charity.

At the end of March 2023, after over 15 years with the organisation, Hannah will be leaving Ascension Community Trust. She has decided now is the right time to move on and for a new person to lead the next stage of the organisation. We had a very successful recruitment campaign and our new CEO has a wealth of experience and is due to start in the new financial year.

Structure and Governance

Ascension Community Trust is governed under the terms of its trust deed signed on 21 December 1997 and amended on 25th July 2003. Its trustees meet a minimum of six times a year to manage the activities of the trust.

Charitable Objectives

Five Year Objectives (Set in January 2018)

Aims and Objectives

In the last report we set these objectives, information on the performance of each is included.

• To increase the number of elderly people we are engaging with on a regular basis

During the year we decided to pilot a new project to both aim to engage with more older people and support residents facing challenges due to the cost of living crises. We became part of Newham Council’s “Warm Havens” scheme and have provided a warm space, free hot meal with wraparound support once a week. We have named this community meal and opened it up to all ages, but running during the day we aimed to attract older people who wouldn’t necessarily attend an “older person’s project”, but due to retirement are looking for activities during the day. This has been successful and we are engaging with many more older people on a regular basis than we were. We will seek to clarify the future of the project in the next financial year.

• Make the organisation structure better fit for purpose

The organisation has gone through a significant structural change. We now have additional staff time towards the infrastructure of the organisation, including administration, marketing and fundraising. This was previously all done by the CEO. We have also created a Senior Leadership Team, who are have a responsibility towards the overall success of the organisation in addition to their own projects, this includes safeguarding lead, marketing, reporting, networking and more. These staff are now more involved in the decision making of the organisation at a strategic level and will support during the interim between Hannah leaving and the new CEO starting.

• Improve marketing and communications across the organisation and develop a new strategy. Improve the evaluation an

monitoring of projects.

Following a review of the structure of the organisation and the skills gaps we introduced a new role to the organisation of a marketing and communications manager. Following a successful funding bid to Garfield Weston, one of our current staff stepped back from other responsibilities to take on this new role two days a week. They have written a new marketing and communications strategy for the organisation and are pulling together information to produce an annual impact report to be distributed in the next financial year. This post also includes the role of improving the monitoring of the organisation and plans are in place to improve how impact is recorded across all projects.

…continued

page 3

Ascension Community Trust Charity No. 1091887 Trustees Report

for the year ended 31 March 2023

·To improve sustainability through an increase of individual donors to the charity.

There have been excellent developments with this. For the year ended March 2020 our donations were £2,995 in total, increased to £7,602 for year end March 21, £11,049 for year end March 22, and finally 30,307 for year end March 2023. This has both increased our reserves, putting the organisation in a more stable financial position and given us more flexibility as an organisation.

• Improve the self-sustainability of the Café through various methods

We have not been so successful in this aim, though our income has increased as a result of no Covid-19 lockdowns in the past year. In thinking strategically about the café, we decided that our charitable aims will always be in competition with profit. To be truly profitable this would come at a detriment to our charitable objects. Instead, we have decided to more heavily rely on grants, but in doing so put more of our effort into achieving our charitable aims. This in turn may attract more interest in the café and could improve the longerterm sustainability, but it is not a direct aim.

Public Benefit Statement

Ascension Community Trust is achieving public benefit through the delivery of services to those in need in the London Borough of Newham. Services include provision of food, activities, advice and training for some of the most vulnerable in Newham.

Achievements and Performance

Ascension Seniors

ACT continued to provide weekly social activities for older people alongside pilates classes. This has included coffee mornings and lunch. Our work with older people in Custom House has faced the most challenges in light of the pandemic. These are not unique to our organisation, partners also report experiencing difficulties with sustaining attendance and engagement; with the elderly disproportionately impacted by Covid in terms of poor health and exposure to risk. Our lunch club was notably affected by this, with a large number of service users still cautious about socialising and mixing in public places.

Working with Stay Well, (a borough-wide initiative of partnership working between different organisations engaged with older people) Ascension Community Trust is exploring new ways of supporting older people in light of changing circumstances. We are currently supporting the development of the network and bringing together all organisations in Newham that work with older people. This peer knowledge and research of what services are currently available in Newham should also help Ascension Community Trust to identify the future of our work with older people.

Complex Needs

Our gardening project has continued, with the Ascension Seniors Project Manager and Complex Needs Project manager working on this together over the year. As well as offering a gardening session for local residents, we have partnered with the local specialist school for children with autism to offer them a weekly session doing gardening. This has been very impactful, with many of the young people learning new skills and developing in their abilities.

Our latest project for those with complex needs is an arts and crafts club for cared-for adults. This work grew out of existing relationships where the cafe is often visited by such adults and their carers as a flexible and welcoming space. Particularly following the pandemic, there was a need for activities for adults with complex needs which reduce isolation and increase self-confidence and interaction with others in a supported manner. Through varied and inclusive creative activities attendees have been offered projects which promote self-expression, and reduce anxiety and stress levels. Many completed art and crafts activities have been taken home by attendees with other displayed in the cafe increasing recognition and celebration of the group. Additionally, this project has offered respite to those in a caring role whereby they can observe (and participate if desired) without having the full pressure of caring responsibilities. We are excited to build upon what has already been achieved as well as connect with others trying to achieve similar goals. We also welcome the opportunity to access further support and training which may enhance our delivery.

…continued

page 4

Ascension Community Trust Charity No. 1091887 Trustees Report

for the year ended 31 March 2023

Garden Community Café

The Garden Community Cafe has continued to offer a warm welcome to local residents as a ‘one-stop’ community hub. Alongside affordable meals and a safe space for gathering the cafe has offered supported work placements to young people and adults with complex needs. New ‘supported volunteers’ have started this year, working in the cafe with the aid of a key worker to develop in hospitality and customer service skills in a manner tailored to their individual needs. In running this project we has established a strong working partnership with a local specialist school for young people with complex needs. This has led to two students starting with us and working between parents/carers, the school and our team with the aim of gaining support and skills which will increase employability as well foster personal development.

Our Youth Cafe (operating in after school hours) has gone from a successful pilot into becoming an established part of our provision. It provides a meaningful range of activities which occupy young just at the time when there is the greatest need for engagement. Most recently some attendees have started to gain voluntary experience through delivering fun activities for younger children at our after school club.

Children’s Work (including Ascension Football Academy)

The after school club team has worked hard to overcome the prior disruption of the pandemic and has been networking with local schools to increase attendance. We now have partnerships with three local primary schools and over the year have more than doubled in attendance. The service has a child-centred approach, respecting the individual needs of each child, with both children and their parents/carers will be encouraged to participate in the decision making. This year activities have included sessions in our community garden space as well as trips to the local library.

Over the summer, we ran three weeks of activities for children. We had 110 children in total attend over the three weeks, which includes 15 children that attended for free because of their family’s difficult financial situation, in particular families accessing our foodbank. All children attending the summer scheme were provide with hot lunches and fun activities. As well as our usual sports, crafts, cooking, gardening and team games, we were once again able to take the children on a trip each week. This was the first trips since Covid and it was the highlight of the week for many of those who came. We took them to Greenwich Park, by the cable car and Mudchute Farm. Despite the close proximity of these places, for many of the children attending this was their first time visiting these

Foodbank

The foodbank has grown significantly and we now have more people accessing our services and more organisation’s registered as referral agencies. A new manager to oversee both the advice service and foodbank started in August and has done a great job of overseeing this work, supporting people and making the project sustainable. Because of the foodbank we’ve had a drastic increase in donations from individuals and corporates and our new manager is working hard to maintain good relationships with a variety of corporates. The foodbank will be set up as its own registered charity in the next financial year and three local organisations are interested in partnering with us in this and becoming local distribution centres.

Advice Service

Our advice service has to continued to support residents during a time of growing pressures related to the cost of living. The team has worked cohesively to examine the needs presented by attendees and to secure or refer them to the appropriate help. Key to this has been our triage role which quickly maps out the highest priority issues for clients before agreeing a course of actions as to which other advisor or agency to work with. This has created a joined-up way of working with our food bank, a project which is understandably attended by a number of people experiencing issues which benefit from advice. Alongside this we have also been working in partnership with four other Newham Advice Providers: RAMFEL, Community Links, Mary Ward Legal and Citizens Advice East End to create the Newham Advice Partnership.

…continued

page 5

Ascension Community Trust Charity No. 1091887 Trustees Report for the year ended 31 March 2023

We want to take this opportunity to thank of all of the people who have volunteered their time to make the work of Ascension Community Trust possible. We also want to thank the organisations that have funded our work over the past year. They are:

Ascension Church Centre Aston Mansfield Charles French Charitable Trust City Bridge Trust Douglas Allen Felsted School Mission Council Fight for Peace Garfield Weston Greater London Authority Henry Smith Foundation Hydrock Consulting Jack Petchey Foundation Joseph Rank Trust Julia and Hans Rausing Trust Kam Project Consulting London Borough of Newham London Catalyst London City Airport Marks and Spencer Metro Demo National Lottery Community Fund Rame Consulting Ltd The Invesco Cares Foundation The Neighbourly Foundation Tove Valley Baptist Fellowship Trussell Trust Trusthouse Charitable Foundation Waitrose Westbridge Hotel

Plus, the many individuals and companies that have donated money or food for the foodbank.

Risk, Reserves and Financial review

Income for the year was £531,500 (2022: £243,067) of which £90,178 (2022: £46,508) was unrestricted. Expenditure for the year was £427,172 (2022: £242,579) of which £87,321 (2022: £44,735) was from unrestricted funds

Ascension Community Trust’s reserves policy is that between £18,000 and £25,000 will be held in free reserves. This amount is based on a detailed calculation of the amount needed in the eventuality of unexpected events requiring a smooth closure of the charity, over three months, including redundancy payments, and to mitigate any financial risks. This figure is monitored and reviewed by the board of trustees on an annual basis. At 31 March 2022 Ascension Community trust had funds of £181,773 (2022: £77,445). Of these £160,255 (2022: £58,784) was restricted funds. The total amount of free reserves held is therefore £21,518 .

This level is within our reserves policy target range, therefore the trustees are satisfied with this reserves level.

Signed on behalf of the charity's trustees

C G Crombie Dated

page 6

Ascension Community Trust Charity No. 1091887 Independent Examiners Report to the Trustees.

for the year ended 31 March 2023

To the Trustees.

I report on the Financial Statements of the Charitable company for the year ended 31st March 2023 which are set out in the following pages.

Respective responsibilities of trustees and examiner

The trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts.

The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, “the 2011 Act”, and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act;

To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

To state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation s from you the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material respect the requirements:

To keep accounting records in accordance with section 386 of the companies Act 2006; and

To prepare accounts which accord with the accounting records, comply with the Charities Act 2011 and the SORP (FRS102) "Accounting and Reporting by Charities" issued in March 2015.

have not been met; or

To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

BJ. Dexter

Brian Dexter ACMA A Thousand Hills Limited 172 Sandford Road East Ham London

page 7

Ascension Community Trust Charity No. 1091887 Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2023

Income and Endowments From
Donations and Legacies
Charitable Activities
Other Trading Activities
Total Incoming Resources
Expenditure on:
Raising Funds
Charitable Activities
Total Resources Expended
Net Expenditure for the Year
net surplus/(deficit)
Fund Balances 1 April 2022
Fund Balances 31 March 2023		 Unrestricted
Restricted
2023
Funds
£
Funds
£
Total
£
44,692
410,788
455,480
44,541
7,311
51,852
945
173
1,118
90,178
418,272
508,450
-
-
-
87,321
340,801
428,122
87,321
340,801
428,122
2,857
77,471
80,328
2,857
77,471
80,328
18,661
58,784
77,445
21,518
136,255
157,773		 2022
Total
£
row
213,542
281
27,703
289
1,822
295
243,067
-
301
299
242,579
313 ####
242,579
488
Fx
488
76,957
236 237
77,445

page 8

Ascension Community Trust Charity No. 1091887 Statement of Financial Position as at 31st March 2023

Fixed Assets
Tangible Fixed Assets
Current Assets
Debtors
Cash at bank and in hand
Total Current Assets
Net Current Assets
Net Assets
Funds
Unrestricted Funds
Restricted Funds
Total Funds
Creditors: Amounts due within one
Creditors due after more than one
year		 Unrestricted
Restricted
2023
Funds
£
Funds
£
Total
£
6,858
10,450
17,308
1,449
4,158
5,607
17,399
145,647
163,046
18,848
149,805
168,653
4,188
24,000
28,188
14,660
125,805
140,465
-
-
-
21,518
136,255
157,773
21,518
21,518
136,255
136,255
21,518
136,255
157,773		 2022
Total
£
6,858
398
9,345
403
62,588
TB
71,933
fx
1,346
TB
70,587
fx
-
77,445
18,661
208
58,784
77,445

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, and there is no mandatory audit requirement in the charity's governing documents.

The trustees 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 in accordance with the provisions applicable to companies subject to the small company regime.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by C G Crombie.

Signed

on Title date

page 9

Ascension Community Trust Charity No. 1091887

Notes to the financial statements for the year ended 31 March 2023

1. Accounting Policies

Basis of Accounting

The financial statements have been prepared underr the historic cost convention, except for investments which are included at market value and the revaluation of certain fixed assets in accordance with the Charities SORP Accounting and Reporting for Charities: Statement of Recomended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102, effective 1 January 2019).

ASCENSION COMMUNITY TRUST meets the definition of a public benefit entity under FRS102.

Statement of cash flows

The Trustees have taken advantage of the exemption in FRS102 from including a statement of scash flows in the financial statements on the grounds that the charitable company qualifies as a small company.

Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income, and the amount can be quantified with reasonable accuracy. Gift Aid is recognised when the donation to which it relates is received.

Gifts in Kind and pro-bono services are included in income as donations at a sum equal to their market value or the value to the charity. An equivalent sum is added to resources expenditure under the appropriate category.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the charity to the expenditure

Tangible Fixed Assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is charged over the lifetime of the asset at rates calculated to write off the cost or valuation of the fixed asset over their expected useful lives.

The following specific rates apply:

Land and Buildings (Leasehold) Straight line over the life of the lease

Plant and machinery: 25% Reducing balance

Irrecoverable VAT

VAT , to the extent that it cannot be recovered, is included in the Statement of Financial Activities as part of the expenditure to which it relates.

page 10

Ascension Community Trust Charity No. 1091887

Notes to the financial statements for the year ended 31 March 2023

2. Income from Donations and Legacies
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Donations received
7,370
22,937
30,307
Grants received
32,322
354,351
386,653
HMRC Employers allowance
5,000
-
5,000
Gifts In Kind
-
33,500
33,500
44,692
410,788
455,460
3. Income from charitable activities
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Ascension Football Academy
-
7,311
7,311
Seniors activities
405
-
405
Café income
20,719
-
20,719
Children and family activities
23,417
-
23,417
44,541
7,311
51,852
4. Income from other activities
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Catering
576
-
576
Other activities for generating fund
369
173
542
945
173
1,118
5. Expenditure on generating funds
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Support Costs
-
-
-
Shop costs
-
-
-
-
-
-
6. Cost of charitable activities
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Seniors Project
392
21,511
21,903
Community Work
-
21,960
21,960
Café
26,341
67,313
93,654
Children and Families
25,787
27,429
53,216
Football Academy
-
6,087
6,087
Food Bank
-
63,131
63,131
Advice service
-
87,843
87,843
Admin and CEO
34,801
45,527
80,328
Total
87,321
340,801
428,122
7. Analysis of support costs
Unrestricted
funds
Restricted
funds
2023
Total
£
£
£
Management
-
Human Resources
-
Governance
-
-
-
-
Note. The costs above include the value of gifts in kind used by the charity in the period:
Children and Families - Hall hire for Afterschool club £ 3,750
Seniors - Venue hire for elders sessions £ 1,000
Foodbank - Value of donated food £ 28,750
These have all been included as coming from restricted funds		 2022
Total
£
11,049
177,197
4,000
18,629
210,875
2022
Total
£
-
436
14,566
12,701
27,703
2022
Total
£
895
174
1,069
2022
Total
£
-
-
-
2022
Total
£
14,938
33,635
50,745
43,263
-
23,403
29,530
47,064
242,579
2022
Total
£
-
-
-
-

page 11

Ascension Community Trust Charity No. 1091887

Notes to the financial statements for the year ended 31 March 2023

8. Net income/expenditure for the year

This is stated after charging/(crediting)

enditure for the year
charging/(crediting)
2023 2022
£ £
Depreciation of Fixed Assets 5,770 2,285
Accountancy Fees 800 1,000
Staff Pension Contributions 1,810 1,099

9. Staff costs

Total staff costs for the year ended 31 March 2023 were

Salaries and Wages
Social security costs
Pension Costs
The number of staff employed during the year was:
Programme Staff
Support Staff		 2023
£
207,172
11,940
1,810
220,922
12
3		 2022
£
136,913
6,997
1,099
145,009
9
2

10. Comparative Statement of financial activities

Income and Endowments From
Donations and Legacies
Charitable Activities
Other Trading Activities
Total Incoming Resources
Expenditure on:
Raising Funds
Charitable Activities
Total Resources Expended
Net Expenditure for the Year
net movement in funds
Fund Balances 1 April 2021
Fund Balances 31 March 2022		 Unrestricted
Funds
Restricted
Funds
£
£
17,907
195,635
27,703
-
895
927		 2022
Total
£
213,542
27,703
1,822
243,067
-
242,579
242,579
488
488
76,957
77,445		 2021
Total
£
196,256
2,796
2,508
46,505
196,562
-
-
44,735
197,844		 201,560
17,040
184,328
44,735
197,844
1,770
(1,282)		 201,368
192
1,770
(1,282)		 192
16,891
60,066		 76,765
18,661
58,784		 76,957

11. Fixed Assets

COST or VALUATION
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
On Disposals
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 £
£
44,688
34,012
16,220
Land and
Buildings
Fixtures and
Fittings		 Total
£
78,700
16,220
-
94,920
TB
71,842
5,770
-
77,612
TB
17,308
6,858
44,688
50,232
44,688
27,154
5,770
44,688
32,924
-
17,308
0
6,858

page 12

Ascension Community Trust Charity No. 1091887

Notes to the financial statements for the year ended 31 March 2023

12. Debtors

12. Debtors
Amounts due within one year
Other debtors
Other creditors
Accruals
Defered restricted income
13. Creditors
- amounts due within 1 year		 2023
£
5,608
2023
£
1,134
3,054
24,000
28,188		 2022
£
9,345
2022
£
346
1,000
-
1,346

Defered Income relates to restricted funds received to cover future admin staff costs.

14. Restricted Fund Movements

Advice Service
Admin and CEO
Children and Families
Football Academy
Seniors
Poverty Response/Foodbank
Community Work
Garden Café
- prior year
Advice Service
CEO
Children and Families
Seniors
Foodbank
Community Work
Garden Café		 01/04/2022
Income
Expenditure
Transfers
£
£
£
£
20,876
102,546
87,843
20,000
25,600
45,527
0
27,095
27,429
-
7,331
6,087
7,388
18,982
21,511
5,211
124,943
63,131
2,897
19,063
21,960
2,412
91,763
67,313
58,784
417,322
340,801
01/04/2021
Income
Expenditure
Transfers
£
£
£
£
5,956
44,450
29,530
23,327
32,021
35,349
11,652
15,613
27,264
10,249
11,957
14,818
6,380
22,234
23,403
-
36,532
33,635
2,502
33,755
33,845
60,066
196,562
197,844		 31/03/2023
£
35,579
73
(333)
= Am
1,243
4,859
67,023
-
26,862
135,306
31/03/2022
£
20,876
20,000
0
7,388
5,211
2,897
2,412
58,784

Advice service : Funds to provide practical advice to parishoners CEO : Grant to cover employment costs of CEO Children and Families : To provide activities and services for children and their families in the community. Seniors : To provide activities and services for older members of the community Foodbank: To provide food for members of the community in urgent need Football academy: To provide training in football for children and young people in the community Community work: To provide activities and services to support members of the community Administration: To support the general running of the organisation Garden Café: To provide a community café facility within the community

page 13

Ascension Community Trust Charity No. 1091887

Notes to the financial statements for the year ended 31 March 2023

15 Unrestricted fund movements

General funds
Garden Café
Children and families
Seniors
General
-Prior Year
Garden Café
Children and families
Seniors
General		 01/04/2022
Income
Expenditure
Transfers
31/03/2023
£
£
£
£
-
26,341
26,341
-
-
-
23,416
25,787
2,370
-
316
405
392
329
18,345
40,015
34,801
(2,370)
21,189
18,661
90,178
87,321
-
21,518
01/04/2021
Income
Expenditure
Transfers
44,651
£
£
£
£
2,834
-
18,128
16,900
1,606
-
-
12,701
15,999
3,298
-
-
436
120
316
19,725
15,240
11,716
(4,904)
18,345
16,891
46,505
44,735
-
18,661

Garden Café: To provide finance for activities within the Garden Café Children and Families : To provide activities and services for children and their families in the community. Seniors : To provide activities and services for older members of the community General : Free reserves for the charities overall objectives.

Transfers : In 2022/23 a transfer was made from general unrestricted funds to cover a deficit in the children and families fund.

In 2021/22 transfers were made from general unrestricted funds to cover a deficit in the cafe and children and families funds.

16. Analysis of net assets between funds as at 31 March 2023

-Current year
Unrestricted
Designated
Restricted
- Prior year
Unrestricted
Designated
Restricted		 Fixed
assets
Current Assets
Creditors
Net Assets
£
£
£
£
6,858
18,848
4,188
21,518
219
-
-
-
-
10,450
125,805
-
136,255
17,308
144,653
4,188
157,773
Fixed
assets
Current Assets
Creditors
Net Assets
6,858
11,807
1,346
17,319
-
-
-
-
-
60,126
-
60,126
6,858
71,933
1,346
77,445

17. Company limited by guarantee

ASCENSION COMMUNITY TRUST is a company limited by guarantee and accordingly does not have a share capital. The liability of each member on the winding up of the company is limited to £1.

page 14

18. Detailed Fund Schedules

Opening balance Income Expenditure Transfers Closing balance Defered Income
Fund
ADVICE
Fasttrack Funding 44,796 33,936 10,860.00
Financial Inclusion Grant 43,740 39,139 4,600.93
GLA Grant 11,594 9,028 2,565.70
Restricted 20,876 2,416 5,740 17,551.74
Unrestricted - - - - -
20,876 102,546 87,843 - 35,578.37
ADMIN and CEO
Restricted 20,000 2,100 22,100 -
Garfield Weston Grant 12,400 12,362 37.88 12600
Henry Smith Grant 11,100 11,065 34.95 11400
Unrestricted 18,345 40,015 34,801 2,370 21,189.31
38,345 65,615 80,328 2,370 21,262.61 24,000
CHILDREN AND FAMILIES
Awards for All Children 10,000 9,250 750.00
Trusthouse Grant 10,000 8,238 1,762.00
Restricted - 8,045 8,045 -
Unrestricted - 23,416 25,787 (2,370) -
- 51,461 51,320 (2,370) 2,511.36
FOOTBALL ACADEMY
Football 7,331 6,087 1,243.33
- 7,331 6,087 - 1,243.33
SENIORS
London Community Foundation 8,767 3,909 4,858.41
Warm Haven Grant Community Meal 7,388 - 7,388 -
Restricted 10,215 10,215 -
Unrestricted 316 405 392 328.76
7,704 19,387 21,903 - 5,187.81
POVERTY RESPONSE -
Container & Storage Grants 33,886 - 33,886.00
Essex Community Foundation 5,000 - 5,000.00
Julia and Hans Rausing Grant 8,640 4,650 3,989.87
Strategic Resources Grant 19,680 9,738 9,941.55
Restricted Donations and Gifts in ki 5,211 57,737 50,638 12,309.84
5,211 124,943 65,026 - 65,127.26
COMMUNITY WORK
Community Assemblies Gardening (22/23) 4,500 4,500 -
Community Assemblies Youth Cafe (21/22) 2,897 524 3,421 -
Restricted 14,039 14,039 -
2,897 19,063 21,960 - -
GARDEN CAFÉ
Awards for All Youth Cafe 7,420 7,420 -
Fight for Peace Grant Youth Cafe 5,000 5,000 -
Royal Docks Trust Cafe 43,725 34,244 9,480.99
Supported Volunteering 30,500 16,658 13,841.62
Restricted 2,412 5,118 3,991 3,539.36
Unrestricted - 26,341 26,341 -
2,412 118,104 93,655 - 26,861.97
TOTAL 77,444 508,450 428,122 - 157,772.71
TOTAL Unrestricted 18,661 90,178 87,321 - 21,518.07
TOTAL Restricted 58,784 418,272 340,802 - 136,254.64

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