Company Registration Numb8r 06751712 Charity Reuislrallon Number 1127204 The Ascension Trust Trustees Annual Report and Accounts 31 December 2020 ASCENSION
Thg Ascension Trust Report and accounts for the year ended 31 December 2020 Contents Page Charlty Infomiatlon Trustees, Annual Report statement of dlrectors. re$pon$lbllltles Independent Examlner's Report 11 13 Funds Statemènts.. stafemenlof Flnanu81 Aclivilles ststem8lltof Fln8ndalA¢tiwlies- PJ70r Y&arststament Incom8 and Expenditu account Cash Flow Statemant Balance she8t 14 15 17 18 20 Notes to the a¢¢ount8 21
The Ascension Trust Annual Report 2020 Icontinuedl Reference and Admlnistrative Details Trustees: Mr O Ladega, Chair Dr CC Ekhator Deputy Chair Reverand LW Isaac OBE Mr8 C Caio MrT M8thia$-Nwaulune M8 J H8dman Revd Angeka 8aGon Mr CJ Voke Secretary.. MrAWH Crow Chlef Executive OffiGer. Reverend LW Isaa¢ Prihclpal Offl.. Alpha House Alpha Plac8, 158 Garth Road. M(wden, SuNey SM4 4TQ Th8 charity Is Incorporated in England and W8les. Company R8gistrallon Number 06751712 Charity Regk8tration Numb&r 1127204 Auditor.. DSK Partners LLP, Char1ered Accounlants, 163 H8rn8 Hlll. London. SE24 9LR
The Ascension Trust Annual Report 2020 Icontinuedl Trustees. Report The Iruslees, who are directors for the purposes of company law, present the annual report together wilh the finan¢lal gtatemenls and Independent Examiner's report of The Ascension Trust {hereinafler calltsd "AT I for the year anded 31 December 2020. This Report and Ihe Accounts have been prep8rod lo comply with the SORP FRS 102. structure, governance and management AT is a charitable company lim6t8d by guarantee, gavemed by Its Memorandum and Artlcles of Association adopted on Ihe 1st January 2009. 11 has no share capital and thg liabillty of gach member in the evgnl of windSng-up is limited lo £10. Prior lo this, AT was a char(lable trust but converted to a Charitable Company limiled by guarantee due to the rapid expansion of the Trust. RecruFtment and appolntment of trustees AT is run by a board of directors which compiises èight directors (Trusleesl. The Trustees are both Tr4JStces of the Charity and Directors of the Company. Where there is 8 need for new Trustees, those would b6 Identified and appointed by the Current Trustees. Organisational Structure At present, the eight Twstees come from a variety of proféssional backgrounds, each ralevant to the adivilies of the charity. The Board of Trusteés meets al least four times 8 yèar, receiving reports from the Chief Execullve Officér (CEO) who currently is also a Trust86 about the activities of tho charity through its va0S prolecls sel out below. Thé day-l04ay management of the organlgalson is shouldered by a staff team, headed by the CEO. Such day-lo-day management Is suparvised by the CEO and a Senior Marb8g6ment Team ISMTI that includes the Operaliorks Director, the Legal & Policy Officèr and a volunteer legal consullanl, the Company Secretary. The SMT recéives regular reports (at least monthly) from the charity's in-house Accountsnl and seTiOUS consideration Is given to the state of the tharills finarbces wlh appropriate reports being made to the Board of Directors for decisioN5 lo be madè for the continuing ftnancial viability of the charlly. The remuneration of the paid SMT members is reviewed annually by the Board ol Truslces who lakes into consideration the level of pay accorded lo people In similar positions within the Third Sector. The charity wholly owns its subsidiary trading company, As¢ension Commercial Ltd. of which the CEO is also a Dirertor. The incipal businoss of the trading subsidiary is the Supply of uniforms lo Street Pastors. School and Collcg6 Pastors, Rail Paslors and Rèsponse Pastors together wth merchandisc that primnotes Ihg work of the charity through its various iniliallves. Induction and training of trustees Tho chair of Trustees is responsible for the IndUcon of any new Trustee. This Involves awareness training of a Trustee's duiies and respmsibilities. thtr governing docurnenl. admlnislrative procedures, as well as th& history 8nd ethos of the charity. A new Trustee wll also receive a copy ol the ch5Jrily's governing document and Ihc previous yearfs annual report and 8 copy of th¥ Charity Commission aflet'The Essential Trustee.. What You Need lo Knoul.
The Ascension Trust Annual Report 2020 Icontinuedl Public benefjt AT has a number of schemes in operalion which aclriely $8rva the public, nam81y Street Pastors, Rtssponse Pastors, School and College Pastors. Urban Youth Mission, Rail Pastors, the 6Q140 Youth Pioie¢t, the Synergy Network, 2gelher1 and the Oyibi Project. Morè d6tails are provided bolow. The Iruslees conlimi that they have complied wlh the requirements of secbon 4 of the Charities Act 2011 to hav8 due regard lo the publlc benefit guidance published by the Ch8rfty Commission for England and Wales. Objectives and activitias Th8 principal objective of AT COnrnS the advancement of the communily through outreach and training. Each year the *te&S r8VlèW the objectives and activS1ies lo ensure that they continue to reflect our Aims. During this rgview. the Irustaes conslder tha Charity Commlsslon's guidance on public benefll. The aims of AT as set out In the charity's Memorandum of Association are summarised as follows.. {al To advan the Chrfslian falth. (bl To relieve sickness and financi81 hardship. {c} To promotè and preseNg good physlcal. mènlal and 6motional health. Thls Is achleved In the following ways.. For the benefll of the pvblic, Iransf¢mlng th8 dIrtIOn of not only somebody's night bul somebody's life. Offering human contact whlch reduces social isolatsn and provides conneclvjn wllhin comwnunllies. Slrenglhening and pre8ervlng good physical, ment81 and emotional health of communllies. By tha use of volun18er3, Influencing 8nd giving power to Individuals over own lives and communilies. Building strong reslllenl communilles. Building positive relatlonships with the PDli¢e. Local Aulhorlly and those who wish to partner wllh the Trust to reduce the challenges which is fad by all communities.
The Ascension Trust Annual Report 2020 Icontinuedl AT has demonstrated ils power and ability to mobllise wmmunities and build positive relationships wllh ils partners. particularly the Police and Local Authorities and churches thal together we call 'The Urban Trinlly,. As sel out bek)w (Achievements and Perforrnancc), the ¢harity aims to ensure and increase the safety of eommunilies in the night-lima economy. safely outside schools and colleges. to prevent suicides on train stations, lo support and counsel Ihose traumalised by national tragic events, engaging young people in positive communily aativilies rather than gang-relaled Violen and drawing out the enormous potential th81 young poople have to impact their pean and the wider community for good, building solidarity and cooperation betwaon charities, comm¥Jnity agencies, the police and local aulhorities in addrassing all the above issues. More datails are given In the 'Achievemenls and P8rformanoe" section below. Volunteers Volunteers perform 8 key task on behalf of AT. They are therefore central to meeting the aims and objèctives of AT. 11 would be impossible to deliver our mission wilhout them. At present, thère are approximately 14,OOQ trained volunteers in England and Walos working for local chartties operating under the AT umbrella as Street Pastors, Sohool and Collego Pastors, Rail Pastors and Reponse Pastors. AT aims to sustain and increaso ils volunteer base. AT aims, thmugh its social action initiatives, lo train indiwduals for relevant an(J infomièd inleraction al local. national and international 18vels. Achievements and performance Tralnlng AT through its social action InitiaVeS aims to train individuals for relevant and informed interaction at Iixal, national and intemation8118vèls. No néw Street Pastors were added lo the pool of Street P8%tors s8rving UK during 2020 dua to th8 ¢ovld-19 government reslrltttion rules. The individuals Irain1ng were unable to complole their face lo farA) tr8ining. Ascensiorb Tiust Onllno Training started in October 2020 with the hope of dolivorlng onllne tmining lo all for Street Pastors, School, Loadership courses, Equality course and other b&spoke Iraining ¢ouYses lo both our P8StoVs initiatives and lo the public In general. New School Pastors were Iraining alongslde Street Pastors in mental health, youth culture and listenlng 8kllls and they wll also bè completlng thelr training in 2021. Training events took plac& across Ihe netWLwks In th& areas of Roles & Responslbililies, Refresher courses and School Pastors.
The Ascension Trust Annu31 Report 2020 Icontinuedl Projects Streat Pastors Street P8slors are trained volunt88rs who patrol the streets between the hours of 10pm and 4am {although this varies in some areas according to local n&èds}. At present there are approximately 260 local initiativos up and down the country and more internationally. Response Pastors R8spvnse Pastors delivor h@Ip lo those who are Iraumatised by major disasters at events such 4$ lerrorist attacks, crashes and other incidents. Past avonls where Response Pastors have oflered suptK>rt included the London Bridge lerrorists attack. School and College Pastors AS of 31 December 2020, there were 31 inilialives In the UK. School Pastors meet students at the school gat8, al the bus slop and go into schools wllh a c8ring and listening Oar. ready to help staff in encouraging young people who are hurting and vulnerable. Urban Youth Mlsslon This typically involves taking a oroup of young people away for a week whère they can be inspired, share fellowship wlh each other, develop grfts and talents, grow and slay connected to God. 11 was not possible lo hold a mission this year. Rail Pastors Rail P8slors help to patrol on plarforms and like Slretst Pastors thèy Ilslen, car8 and help. thereby reduclng rlsk maintalning the safety and wellbeing of the Irav8118rs. 60140 Youth Prolect Working in pathership with thè Lambolh Melhodisl Circuit and tha London City Misslon, this project equips young people in the Borough of L8mbeth to realise their full potential and develop as responsible membèrs of their community. Two full lime youth workèrs gre worknng wlhln th& church and wider community to equip and empower young people to play thelr part in community life. The Synèrgy Network AT leads this network brirwJing together organisalions and individuals to work collaboratively lo address knife and gun crime. Currently working in London, relationship is key as tooèlher we are stronger. The Synergy Nèlwork brings all voices to the tabk so that WA unita behind one cry to bring pea¢e and hope back to our streets and community. In tha wst, AT was inslrumentsl in organising a Rally in Trafalgar Square, °Standing Together" bringing togolh8r church leaders and families of thosè who had been tr5Jumalised by thg loss or injury of young people through knife ¢rlme, c811ing for a united Church rosponse to this troubling, peTsisl8nl problem. Oversoas Mlsslon This yaar, AT was unable to organlse Ihg annual mlsslon lo Ghana {see also Oyibi Project below.}
The Ascension Trust Annual Report 2a2a Icontinuedl 2Gether1 AT ran a course for chur¢hes in the UK to encourage and enrich marfed couple relallonships in all phases of marriage. Oyibl ProJ8ct Situated in Greater Accra region, Ghana, Oyibi is working with exploited young women. Due to the CC)vid-19 restriction, AT was unable lo send a team for the annual overseas social action mission lo enable people lo share their skills for the benefit of other8 and to 6n¢ourage a k)ve for God's global Kingdom Breath& Breathe provldes training and retreats for school teachers and $8sslor¢s took place in the course of this year. Five2Medics Building wellness and resilience in commiinili8s fAcing challenges, disadvantago and requiring support, Fiva2hAedics aim lo improve lives and lo rcduce the impact of physical, psychological and social issues. Five2Medics deliver projects arK£ inilialives that ease the health burdens on systems, communfties and Individuals. We promote health. dismantle misinformation and protect wellbeing in response to socletal challenges, inequities, disadvantage and deprivation. We deliver thoso Initlallves in partnership with key stakeholders through Commlssioning, CoElaboralion, Partnership and Entglprise. Slnce th¢ disproportionate impact of COVID 19 on thosé from ethnic minorities backgrounds became apparent, FIV82edic8 have gathered al speed an oxpanding coalition of doctors, nurses, m6nlal health workers, counsellors, soaal care professionals and allied haalth care workers lo addross the impact of the COVID 19 p2ndemie on those from ethnic minoritics Communities during the pandemi and beyond. Fwo2Mcdi¢s can therefore bo described as a synergy of health inS1ialives and partrbers under the umbrella of Ascension Trust whose rllain oble¢live is lo dismantle health inequalities and disparities in health. Principal funding sources Although we genorate income by way of donations from the public and thurches, the principal fundlng source for the charity are contribLJlions from its V8rious inilialives {including Street Pastors Initiatives) in the form of licen fees. The liconce fee income, when compared to the previous years has reduced. How8vèr, we would like to thank our inilialives who, nolwilhslanding their stressed fin8ncial circumstsnces, ¢onlinue lo ¢ontribule to the central funds $0 that AT can maintain its servicos to the whole neiwork. Tha Trusleas, wtlh help and recommendations from the Senior Managemellt Team, consulted with all Street Pastor Inlllallves In 2019 with a view lo Incre88ing thè minlmum lince fee lo b8 paid in future by local inlllalives from January 2020. thls was agreed at £800p.a.
The Ascension Trust Annual Report 2020 Icontinuedl This financlal year has been a very diffiwll one wth the onset of the coronavirus pandemSc in March 2020 resulting In many of the Street Pastor and Schoollcollege Paslor initialnies ceasing much of their aclivily for large parts ol the year due lo the Govemmenl lockdown regulations. AT was helped subsianlially since April 2020 with the Government Job Rolention {furfoughl scheme whereby a significant proportion of staff salaries were paid by the Govemmenl. Also, the Board remains vigilant in Ihelr commllmenl to tho work of AT and thereby have formed 8 Finance Sub-commillee to review regularly the finances of thé organlsalion. seeking to idenllfy naw opportunities to incrèase r8vanu8 and to revlew fundraising optlons. We acknowledge and thank all those Indlvlduals, churches, and compani8s, who have supported the work of Ascenslon Twst in the past years through th8lr klnd donations of funds. advlce and lime. Our specific thanks to the fdlovlng organisalions.. Church Communities UK Sl Marks Kennin9ton PCC Christian Llfe F8llowshlp Parochlal Churth Council The Jerusalem Trust New Testament ChLtr¢h of God Mlcah Chrisllan Rye Lane Baptist Church Tho Apostolic Church Perry Rise Baptist Church Berrymead Evangelical Church Mount Zion Community Church Financlal Revlew The charlty's financial posltlon at the end of the year ended 31 December 2020 The financial pnslllon of th8 charity at 31 Deeember 2019 and ¢omparaliv8s for th8 pTh)r pedod, as more fully detailed in the a¢UntS, can b8 summaris8d as follows.. 2020 2019 Net18xpendlture)Kncomè 16.666 1103,4401
The Ascension Trust Annual Report 2020 Icontinuedl Unrestrlclad R8v8nue FLmds available lor the general purposes of tho (Aiarlly 466,742 389,498 R8slrict8d R8vonue Funds 66,258 126.836 Totsl Funds 533.000 516.334 Reserves The Management and Trustees 8xaminad the charil¢s requiremanls for reserveg In tha light of the main risks lo the org2nisalion. 11 has established a poll¢y whèreby the unrestricted funds not mmitted or irkvèsled in tangible fixed asseis held by AT is not less than 12 months of expenditur8. This wlll allow AT lo function properly. ev8n if Ihare Is a significant downlurn in income In the present economic clrcumslances. As at 31 Dember 2020, AsnSIon Trust had free reservcs, being unrestricted funds not de5ignaled for a specific purpose, lotalling £466,742 (2019- fJ89,498). This repr6s6nls about 11 months of expected overhead 6xpendilure. The Management and Trustees acknOedg0 th¢ significant shortfall of its targel level and plan lo continue lo build reserves through operating surpluses and largaled funling appli¢ations. In the short term, the Management and Trustees have also wnsidered the extenl lo which existing activities and expenditure coukl be curtailed, should such arcumslances arise. Investment policy and objectlves To date Ihore has been very Ilttle financial headroom to conslder any signlficanl k)ng-term Investment opportunities. The Senior Management Team and Trustees remain active in exploring ways lo improvg the retums on cash raseeS. Major risks and management of those risks Th8 CEO. along tha directors. routin@ly examln&s the buslne**, rèputatlon and operallonal risks whèn preparing slralegl¢ plans and budgets. 8nd when ¢onsidering forthcoming proj8cts. particular, AT is aware of the rlsks Involved in working wlth Its various constiluencles, Including= Assoclaled projects around the UK Vulnerabla people including young people Individual Street Pasfys Flnancial procedures
The Ascension Trust Annual Report 2020 Icontinuedl Inlernaknnal development The SMT reviews the financial poslllon of the ¢harity on a m%Mthly basis wlth the Accountant and an indepandenl consukant. The CEO seeks to raise funds in Ihe many meetings he has across the UK. The Accounlanl and her assistant regularly chase local Strget Pastor inftialives for the payment of licen¢e fèès. The Board of Tmstees receives financial reports al each of their meetings and will advise IFb9 CEO of strategies Ihal need lo be undertaken lo address pol6ntiAI shortfalls in income. Thè Board of Trustèès IS Aware of the pallem of the plateauing of liconcc fce income from the longer estsblishod Street Pastor initiatives. The CEO and members of the SMT regularty speak lo Ihe coordlnalors and Chairs of the Management teams av)d, where necessary and possible, meet with local initiatives to slimulale growth through fresh outworking of local ch8rit8ble objectives. A carefijl walGh is kept upon the use ol unifomis by local InlliateS io ensure no undermlnlng of AT'S repulallon or brands. Furthermore, AT Carries out regular Quality Assuran Reviows with local inilialives. particularly where cOnrn$ arise in dealings beffimeen AT and a k)cal initiative. The Rofresher courses address the key issue of safely on the streals for all our Street Pastor8 and School and College Pastor initiatives. Plans forfuture periods AT will continue all its projects listed in the section above 'A¢hievements and Perfomiance- Prolèctg" seeklng, where Ihe demand is expressed by local churches, lo grow tha number of Street Pastor iniliatlves nallonally and int6rnalionally and School ancl College Pastor Inltlatlves Ihroughout the UK. Particular work will bts wntlnued lo grow the 60140 Youth Project, the Synergy Notwork and Fivo2Mgdics. Furiher training of Response Pastors will be undertak8n. AT will ¢ontlnue to provide online training for new Street Paslors and School Paslors nationally and intemalionally. The Board of Trustees and the SMT wlll work with the AT Prayer Representalives lo grow prayer for all lis projects. Dlsclosure of information to Independent Examlner Each trustee has tsken steps Ihal they ought to have taken a$ a trustae in order to make themselves aware of any r$vant independent examination information and to establish that the ch8YIIIs independent examiner is aware of Ihal information. The trustees confirm that there is no relevant information that they know of 8fKi of whlch they know the independent examiner is unaware.
The Ascension Trust Annual Report 2020 l¢ontinuedl Support Having read this ReporL please conslder supporting the work of AT. Through our various projects, wa are addrosslng key issues affe¢tlng our society today and the number of years that we have bee operating is leslimony to the effo¢tlven8ss of our projects and m8lhods of working. There Is still much wort( to be done and your support will be invaluable lo our COtbUt1ng our part in improving the lives of young people and the wder comrnunlty. Please Gontacl us on 020 8333 2809 or by emall al finance donation or sel up a slandlng order. asc*nsiontrusl.or -uk lo make a The annual report was approved by tha Iruslees of the charity on ...... by= and swJned on Ils behalf Rever¢n¢Y LW Isaac Chief Executlve Olficer and Trustee fjo
The Ascenslon Trust Annual Report 2020 Icontinuedl Statement of the Dlraclors Trustees, Responsibilities The charity's Iwslèos are responsibla for Ihe prepatIOn of tho accounts in accordan with the temis of the CoTllpani8s Ael 2(KJ6, the Charities Act 2011 and the Charities IAccLwnts and Reports) Regulallons 2008. Nolwilh8tandlng tho explicit requirement In th& extant statutory regulations, the Char(lies IAc¢ounts and Raportsl Regulations 2008, to prepare the financlal statements In accordance ¥th the SORP 2005. in vi8w of tho fact that the SORP 2005 has beèn withdrawn. the Tw8le¢s determined lo interpret this responsibility as requiring thern lo follow current best praclice and prepare the accounts according lo the FRS 102 SORP (Statement of Recommended Practice for Accounting and Rèporting by Charities) 2015, {as amended by the Bullelin issued in Octobor 2018 and applicable to all accounting peiiods beginning on or after 161 January 20191. IThe SORP),. In particular, the Companies Act 2006 and charily law require the Board of Tnjstees lo prepare financial statements for each financial year which glve a true and fair view of th6 state of affairs of the ¢harily as al th8 end of the finanoal year and of the surplus or defKil of the charity. In preparing the financial slalemenls tho Board Is required lo.. PrepaT8 the a¢counls in accordance with Unilad Kingdom Generally Awpt8d A¢¢ounting Practice (Unilad Kingdom Accounting Standards and applicablg lawl. Select Suitable accounting policies and apply them consislenlly. bA8ke judgements and estimates Ihal are reasonable and prudent. Prepare the financial stslements on the going concern basis urkless it is Inappropriate to presume that Ihe charity will continue in busin¢ss. Slat8 whether applicable accounting standards and statements of recommended pra¢ti¢e had been followed, subject lo any material departures disclosed and explained in the financial slatemenls. The law requir88 that thè Irijstees must not approve the accounts unless they arè satisfied that they give a true and fair view of the slate of affairs of the charity and of the surplus or defiut ol the charity for the year. The Trustees ara also rèsponsible for maintaining adequate accounting records whlch dSsclose with reasonable accuracy at any lime the financial position of tho ¢hartly and whioh are sufficient lo. show and explain the charily's transactions and enable them lo ensurè that Ihe financial slalemenls comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responslble for safeguarding the assats of th8 charity and h8nce for laknng reasonabl8 steps for the prevention and detecllon of fraud and other irrègularitles. The Trustees are also responsible for the contets of the Trustees. report, and the statutory responslbilily of the Indepgndenl Examiner in relalKin lo the Trustees. report Is limit8d to examining th8 report and ensuring that. ths report is consislenl with the flgures disclosed in the financial statamanls. Method of preparation of accounts- Small company pmvisions The flnancial s18tements are set out on pagas 14 to 44. The financial slalemenls have been prepared implementing the FRS 102 SORP Istalement of Recommended Practlce for Accounting and Reportlng by Charitlesl 2015, las amended by the IBull8tin issued in October 2018 and appfieable to all accounting perlods beginning on or after 151 January 2019), ITh8 SORPI, and in accordance with thé Financial Reportlng Stsndard 102, {effe¢live Isl January 20161.
The Ascenslon Trust Annual Report 2020 Icontinuedl These finane4al ststèm8nts have been prepared in accordance wth the provislons In Part 15 of tho Companies Act 2006 appllcable to companies subject to the small ¢ompanies' regime. Approved by the trustoes of the charity on and signed on its behalf by.. Reverend LW Isaac Chief ExeculEve Officer and Trustee 12
The Ascension Trust Ar)nual Report 2020 l¢ontinuedl The Ascension Trust Indep8nd8nt Examlner's Report to the trustees of The Ascenslon Trust I r6Ptht to the charity trustees on my examination of the a¢¢ounls of the charity for the year ended 31 Dembar 2020 which are set out on pgg88 14 to 42. The charity's gross Income exceeded £250,000 and 5 am qualified lo undertake the examination by bèlng a qLJalifled member of Institute of charter6d Accountants of England and Wales. RÈspe¢tlve r&$ponslblllties of trustèes and axaminer As the charity's trustees of The Ascension Trust land also Its directors for thè purposes of company lawl you are rA.%prJnsible for tho prcparallon of the accounts In accordance with the requSremanls of the Companles Act 20061'thg 2006 A¢l'l. H8vlng satisfied myself that the aecovnts of The Ascension Trust are not required to ba audited under Part 16 of the 2006 Ad and are eligible fw Indèpendent examination, I report in respect of my examinat of your charity's accounts as carrfed out under sa¢tion 145 of the Charilios A¢1 2011 {'th& 2011 Acl'l. In carrying out my ex2minalion I have folknw8d the Directions giv8n by the Charity Commission under se¢llon 14515llbl of the 2011 ACL Independenl ex8mln•rfs statement I have Completed my examination. I confwm that no mallers have come lo my attenllon in connectlon wlth th& axamlnalion giving m6 cause lo believe.. 1. accountlng racords were not k8pI In réspect of The A8cen8lon Trust as required by séction 386 of the 2006 Act,. or 2. the acccMJnts do not accord with ihose records,. or 3. the accounts do not comply wlth the accounting requirement8 of sèction 396 of tho 200fj Act other than any requiremeni that thè aecounls give a 'truo and fair view which is not a maller nsidered as part of an independant examination., or 4. the accounts have not been prepared In accordance wlth thg rnolhods aNI incipleS of the Statement of Recommended PractiGC for a¢¢ounting and tEPOrting by tharilies lappli¢abl@ to chanties preparing their accounts in accordan with thè Financial Retjorting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concoms and have eorne across no other malters in connÈctlon with the examination to which allenlion should be drawn in this report in order to enabl8 a proper understanding of th6 a¢counts lo b& reachéd. {D DSK Partnèrs LLP Chartered Accountants & Stslutory Independent Examiner ICAEW DS House 306 High Strèèt Croydon Surrey CRO 1NG Date.. 2210912021 13
The Ascension Trust Annual Report 2020 Icontinuedl The Asconslon Trust- statement of Flnanclal Acdvltl88 forthe year ended 31 December 2020 statement of Finandal A¢tlvltles Ilncludlng the Income and Expendlture AGGount for tha year ended 31 Dee•mber2020. a$ 1èqulr by the Companlos Act 20061 curf¢rttye#r $CqIP UmtslilÈl•d Fwds Cwrrnniyoar PrlotY•iY 2Q2Q 1024 2020 2018 Incomè & Endowmefjts trom.. DO41105 & L•ga¢l&s CharEtablè aCtivIUos Othortradlnll a¢VItte% InvgsfMots Olhgr Al A2 A3 145.773 210,242 29,591 23,808 169,$81 210,242 Z9.591 411 135,228 267,323 65.621 A5 4,608 5,078 TolBI Incomg 39D,62S 23.8ts8 414133 473.779 Expqndltur8pn'. Rllng funds Charftsblo acll¥lll•s 18,294 558.925 312.581 84,386 Tot ÈXPBthdlknr• 313,381 84,38fy 397.767 577,219 Not Sncom8 loflhèyeBr 77.2A4 1611,51UI 1103.4411 Net Incomo aftèrtran8f•r8 77,244 160.5711 1103.ddlll Not mOvBmtkn funds 77.244 160,5141 li0$,) R•concl1aOn offvnds... Tot lunds broughtfoard 369.498 126,836 51&3 eI9.774 Tow lunds carltod fotwwd 466,742 66.258 534NO 61£,334 Thè'SORP Ref Indlcated above 65 the classllcatlon of sotautln the formBI SORP documgn¢& A requlred by parayraph 4.60 olthg SORP. tho brought frjmard and caTrfedfowiard fvhds abovo havé bed agrlgd to thè Balanc• Shoot. A $¢part& Ststement ofTotal Recognlsed Galns and LoB695 Is notToqulr•d asthlsstbtemenllncludès all recognlsgd yaln% lossè. All 8Ctlvltles d8rfvo froTh contlnulng operatlons Thtt nottrs attached on page$ 31 to 29 form arj Integral part of these account8. 14
The Ascension Trust Annu31 Report 2020 Icontlnuedl The Asttènslon Trust- statement of Financial Activities fortho yr tnded 31 De¢ember 2020 The A$¢en8lrJn Trust-Analysls of prioryear total funds, as requlyed by paragraph 4.2 of the SORP Prf¢rY¢¥ PrftsyY•)r prtorYè&r SORP UM149trfcied Fund Re4trtGtE Funds 3019 201• In¢omo& Ettdovjmentslrom: Donallons& LBuades CharitableaGtlvlll•$ oth8rtrÈdlng tcllvFtle8 Invè6lmanl8 Olhor loo10 267,323 65,fjZI 529 5.078 34.910 131228 ¥Y,323 ¢5,821 $29 5,078 A4 T¢x&I Income 438,6BI 34,918 473,779 Expendliure oll.. Ra19 lund hartlahla actmtley b2 other B3 T4xo suYpIu$ [1rdInarya¢1ll BJ othertaxatlon BJ 14,294 407.671 18.294 558,925 51.254 Total èKpèttdItr@ 425,965 577.219 Notgaln6 on Inv•stm@NS Met Incomo for¢heyèar 12,890 1103.4401 TrAnAfers bFlwgen funds N•t Incomè8ftÈrtransfers 12.896 111433fj1 1103.4401 Nèt mtswmtntlnfundg 12,896 1103,44DI RÈconclAalon o*lunds'.. Total lunds broullhtforward 378.602 244172 819.774 Total lund8 carrlgd foyw¥rd 3B8,498 12Q836 516,334 All actlvlti83 derlve from contlnulng op&r8tlons A 8wpafat8 Stslémènt of Totsl Recognlsed Galns and L06ses 58 not r44ulr•d a$thl$ $t4t•m•n¢incWèsAII rocounlagd oaln$ dIO$S&' The notes atta¢h8d on pagas 3110 39 fomi Integral p3rt of thesé account8. 15
The Ascension Trust Annual Report 2020 Icontinuedl The Asconslon Trust- statam8nt of Flnanclal A¢tlvltles for th8 year ended 31 December 2020 rh& Asconslon Trust. Rèsources applled In the yearendad 31 D¢¢ember 2020 towards rixod assets for Charity use'.- 2020 2019 FU$ generatgd in fh@yè&r dètallad In SOFA Resourc9$ appllad fllncllonal fixèd &ssè15 Otherapp¥¢8llons of funds 1103,44LII 144,4261 Nèt rèsourcés avallable tofund charffable activities 147 È7 The notés attached on pagÈs 31 to 39 form an Integral part of th¢$t &cttounts. Movèments in ravenue and ¢apltal funds forth• yèar 8nd8d 31 Decemb8r 2020 Revenue d¢eumulat8d funds Unrè4trt¢t¢d Fd Réstrtetbd l&Y¥V Fund¥ 20 20 2Dt> Attumulated lunds brnughlfoprd 389A98 128.836 6,334 819.774 RanI¥$d galn$ ènd IoB888 befom traStor$ 7r.244 160.5lll 16,666 11fy3.4401 461742 66,258 533,000 518W4 Gl¢slno rwenuefunds 464742 66.258 533,000 516.334 Summary offunds VnrqBMctsd Total FundB ltYar T•tAI Fund D&sl9n?tgdfvnds 2020 2018 R•vènuoaccumulat4d lunds 466.742 61258 533,1100 516,334 Th8 notes attachod on pay 31 to 39 fonv an itrttegral part of these a¢count&. 16
The Ascension Trust Annual Report 2020 Icontinuedl The A8cèn$lon Trust- Statam6nt of Financial A¢tlvltle$ forthe year erKled 31 Dttcèmber 2020 Ascen810h Tmst Income and Expendlture Account forthe year anded 31 D•cember 2020 as requlred by the companiès Act 2006 20 2019 1com• fhim opgra(lo3 419,414 4($,172 Invesbnonl Inmeand Intsragt Itar&tr&Cvftb10 Olh8fopBrntlng Incvm• B29 4,608 Gross Incomv In the yoar b¢foreexcBpllonal 414,433 473,779 QroBs Inth)mB In tho yaèr •x¢opllcffjal11om$ 414.433 473,779 Expendkure Charftablv gxpèndlthre, exdudlng dèpred1)0 aNJ•mortlsollo Dopr6¢laUon£nd amort181on Fundral£lng c06ts GoverntmCgCQ8ts It¢r*S1 pllyable Rèallsèd losse6 on dlsposalsof d&1 Invasknents thl¢h ar• prMma roloted 383,494 Q,349 800 3,635 1,439 543,5 18,294 5,407 2.815 Total expendlturé In thè y6ar 397.767 S77.21 Nét Incomo bBforg lax In th9flIwd y•or 16,666 11L13,4401 Taxort ¥urplu$on OFdlnary acllvltles Net IncoM¥afièTtax Its ffn•nclal year 16.666 {1014401 Retslned ¥vrplu$ forthè flnanclal year 16.e66 10144 All actlvltlè8 d8rlvo from continuing oporatlon5 Ih accOrdan11h Iho provTsloThsof the Cornpanl Act 2006. tlbè hèadlngs aKd 8ubhoadngs used Irbth In@ and ExpgndStUTg aG4JoUhthaYè bee adapted to Ihèsp•clAI n&tureQll acllvltle Thè notè8 attach8d on pages 31 to 39 form an Intogral part ol thestr accounts. 17
The Ascension Trust Annual Report 2020 Icontinuedl Tha Ascansion Trust Cash Flow Slatèm8nt tor the yèar èndod 31 December 2020 2020 2019 Cash flow$ from operatlng actlvltle8 Net cash provlded by oporallng actltIeS 0$ $hown btrlow Cash flows from investing activitiès Inter8St r8c8lved 411 520 Puh#S¥ of propÈrty. plant ad equlpmènt 111,7801 Net ¢ash provlded by Investlng activitios 411 11,25 Cash flow8 from fimanclna actlvltle$ Repaymenl of amounts borrowed Ca8h Inflows from naw borrowtng8 171.7281 50.000 1&5721 N•t cash provld6d by flnandng actfvitl&s 21,7281 6,572 Overall ¢a$h provldod by all actlvltles A+B+C 28,148 26.0721 Cash mov8m8nts Chang• In cash and cash eiyFlval8ntsfrom acll%Alles In the year ended 310eGember 2020 28,148 {26,0721 Ca$h and eash aqulvAltnt8 at rf J8nuary 2020 257,000 283.072 Cbanga In ¢a8h and cash 8qulval8nts due to oxchango rate movem•nts Cash at bank and In hand less overdraft5 at 21 DoGemb&r 285.148 257,000 18
The Ascension Trust Annual Report 2020 Icontinuedl The Ascenslon Trust Cash Flow Statamttnt for the year ended 31 Da¢¢mbor 2020 Th8 Ascènsion Trust Cash Flow Statement for the year ended 31 Oecemb8r 2020- Contlnuad Re¢on¢lllatlon of net Income to net C88h flov4 from operatlng actitIeS Nel Income as shgwn tho Statement of Flnanclal ActIvIt8 16,666 {103.4401 Adjustments for:. oopreclallon charyes Wylte downs of InvestlllÈhts Net uiirealised 105S85 on Inv8Stment a86&ts Dlvldonds, Inttrrè8t and rents from Inv8siment8 D*creas8 In d6btor8 In¢r¢a¥e In ¢redltors, oxcludlny loans 8.3J9 7,113 14111 3,701 21,110 15291 68,245 20.302 Net cash pn)vldod by operatlnu a¢tlvllles 8,249 Analysls of cash and cash equlvalents 202 2019 Cash In hand at ftsrlhe ye8rended 31 Docember2020 Notltte deptsslts. I18ss than 3 months) 285.148 257,000 Total cash and ¢ash 8qulvalents 285.148 257.000 The As¢enslon Trust Cash Flow Statement for th• yaar andèd 31 Decomber 2020- Contlnued Analysls of chang6 In n&t debt At start of year 257.000 Cash Flow5 and At ènd of year 285,148 28.148 15,0001 145,0001 Cash 28,148 28.148 4,387 17.341 Loans falllng dup wlthln one year Loans falllng duo aftèr more than one year (9,3871 162.3411 Total 49,876 1,852 19
The Ascension Tr(Jst Annual Report 2020 Icontinuedl TA&¢In¥T1t-IncO8hÈÈas&JI DO¢•r24 FlxqduI A17Mè& 211.155 10 A4 Dobta 251.000 zwii 18 D2 88.2# 6¢1V8 UnrI$MFR& 18 DJ 44l741 J89Mg 4tsrt742 91•,498 lJÈ*lwAté4FwL 5Jaml Fr¢1 20
The Ascension Trust Annual Report 2020 (continued) Th• AsnSIOn Trust Notes to th8 Account8 forthe yearended 31 Dacemb6r 2020 A¢¢ountlng poll¢l&s Pollcles relatlng to wodwtlon of th& a¢¢ounts. Bas15 of preparatlon ad a¢cOUng convoiltlon Th•4c¢ouni$ hBw been preparnd ihe I¢¢rAl• 419, Und•r1 hlgtorkal¢ost Cotsvbnlon, Ènd In8¢¢tyrdBn¢trwlth Flnan£laiRry&rbno standard 102, (Olf¢tlYè 1StJanuary 20161 and'FRS 102 50RP151ot0Met0f Rts¢omfftÈrtd•d PraGOCoforAccDuTri19 thdRryortlng byCharft16512O15, lasllmondtid by Iho Bullotln 1$wd In Odokor2018and appM¢obf¢ loala¢¢ownilThu perfod$b¢u1nnlng•D oraft¢¥ 1siJ8hu8ry20191, ITh¢SORPI. pub116hodby Ihè Charmy com110 In Engla & WAI¢6 ICCEWJ. elIq¥V 2016? i ahd Ih4Gcordahco wlfh all app1lGBb lawln fhp harftrfylurtFdktlotsof règi5lfl0ll.eX¢ept%ha1 Ihè chBrlty has prepared th8finandal staternonts aGc<>rdancevriththe FRS t0280RP1St&temfrntof ReGomm•nded pracc lorAGcounting R•porllThg by Charltl8512045, lasarnqnthd by IÈBlll Issu&d In Oct<>b8r2018 alld appllGablotoall acco19 pllrlodB gInnIng or oftor1stJgnugry2O191, hgSORPI, préfargnco lothé pNvJoya SOPP, s1p 2005.wN¢h h98 b¢envllhdrawJi. notwlth¢t4141nclho f4¢t thatthè¢ktani8t&tworyi£guladoM4 ihoCharftl4s IA¢¢ounls and Reportsi Reuulatlons 2008 r•feroxpll¢ltly lo tho SORP 2005.Thl$ has b¢6ndonts a¢¢ord vAth cuytsnt bèst pra¢tl¢&. Prwntathn¢vrn7nty The Fln?nrJalSlatem•nls llre prBp3rad ID Ih l$th&lun¢lloThalcwryon¢y ofth•chwlly. Monttory om¢Jn¢8 In 8taiem•ntsaré roUad tothb n•wst2. ThocharftablB aollvltk9s arn •nllrn1ydAp1d0Tht0n contlnulng grant alrtAnd VO1¥ydn80£ aswall astradkng i&VÈnUÈg. A6 a ¢thnWu¢, lh# golng ¢¢n¢#n bas1$ Isddpendènton th&fUrI110f the$1 ntertnIu9 4tréarn$. A¢¢ofi&holy, thèTruS9 havg oblalnèd f4rkca$t$ knreVIn ihq fftnn¢lalfarè¢aSty forfuiuvè P4rlod4 10 31 DociMbor2Q2T, thtsTrusteas4rosatlsfiodthat, fjtthoumo 0[apprng tholSnanclal stolornwls. It 15aPPhiprlatTrto adoptl*golno ¢QD¢QM In prgparln9theflDand¥lstalgmenl$. Olh9rthan theE4 maii9rs,theTrst•¢S arg Dot
WAN ofany mèigrfAI un4ertblM(è9 81)outthè<ha¥iV$ *tytndrtu¢ ab d gulw con¢Èrn.
PolIcS r8Eatlng to categorlt8 of Ineorne and Income r•cognltlon. è non-exthanuè trÈnSlI0n Is Wher8t charhy recèlv¢¥ valuDfrom tha dothorwllhtsut pr¢wWlng •qual valuè In éxthangé, Indudèx donatjons of monèyi goodx and fragly glvan qual vall In ¢x¢h8ngo. In¢4mo m¢ognltl¢n All InGome1g rectsgnl¥ onr8 Ih•chatlty has @nllUéTnenttotha Incowa. Itls probablw Ihatlh4 Income VAII b• recalvd and th• amounlof tk IncorneTaceFvable can bo measured rèllably. WhfirethEro ar¢ ¢EfThLb OrGoditIonsatached tolncomlng TrsoufGBsJ PartiGUl4rlygrats, th0nthte[rn Or coTrdlllon muslbg th8 Incoing r91500 as th9 GondIll VAII b9 sal11¢d Ihal polnl. Wh9rn tefthB ofcondlllons have notbeBn nletoruncertalTrlyexisfs lowhether thtycan befftetthertthele1evonti¢orntsjB ThDtrncognlBerS ttroar butdeflltred and Show tho balanc8 sht&S d8f8rt8d Incorn&. AGcDuMllngIordd£rr Inctsme and IttGomo fwAIved In advancè Whr• t&rni& and condldons relaiing t• In6 havfy not b¢on m¢t or ¥nc$rtalnty•xl$t$ •8tywhoih¢rth• charity taf• mdei any tarm9 or conditlon8 thIn control, Incomd Is notr4coyrtl94d Is d•f•tr4d OS o Ilablllty unUI 11 Is probabl•thal th4t4rm$ or condltla#s Imp&s•d can ba mat. Any ur4ntthRt b Bublerl to PEthrM&nCeelated rondlNuny rerelved In delivering thEgoods r4qulred bythat Gondition. or18 sublectto unmgl rondllloNs whollvouislts control of Ihg Mclplgnt Gharftyy I attouml¢dforasa nabiuiyand 6howTh on thè balah¢g $*¢èlas d¢f¢rrnd In¢om•. Def¢¥r•d Inc¢m¢ 1$ relead lolncomo In the rewiini perfod Ihwhlchthe PBrfOIrnahreeldtrd orothefcondlilansthatlirnrtrecognlfloh afemef. 21
The Ascension Trust Annual Report 2020 (continued) Th8 Ascanslon Trust Not8S to the Accounts for the year ended 31 December 2020 Whgn IDc<Jm8lrom a grailtordofjatlon h#& not bean recognlsèd duè to thecondttlons app5ylng to theglft not vjhollywllhln the¢onlrol ofthe reElplent£h2rlty. It 16 dlsclosed as a ¢onllngent asset sf receiptolthe grant 0rdon8110 Is wobBbleonco Ihose tadItIOS aro mgt wharè rolatid ¢OltI(l$ IMFX)¥¢rf orlmpllèd by a fw)thr. Ihen Ihè Intomè Is apportloned tothe tlme ptrlod$ con¢orth¢d.fynd. wh¢r¢ appli¢abl4. Is ¢wntod for a8 & ILqbllEty and Jhown on tho ba1ce sheot as doftrr¢d InM. WhtsD gr8Dts •r¢ r¢¢trlvtrd ID advancè the &xpèndlWm on th• aCtItY fumded by them, Iwt thore¥r¢ no $p¢dn¢ relaied ¢¢)ndlllon$, then th8 Inc¢nè Is noi dBfdrr46. Any ¢ondlllon that alEowsforth¢rocoV¢rytyythth)¢r of•DyWl19xpBDdédp8rtoFg grantdoos nDI prnv•nli8GOgnldoTr ¢fth•1rywTroJ ¢¢Dum, a MDtlIty10 Jnyr•payMèrrtl¥ r40nLÉd whèn rèpÈymèYÉt tsecomes probabl•. Incomg from18gaolo8 Incomefrom lega£l&s Is recogn1$ when tho tharfty has 8Wfficlot •vldgrK• ¢ha¢¥ glftha% ba&n Idt lOthe th whe Yequlred, proliats fvas bgBn granfed, fhe exeEulorls 8atlsflBd thal thg PTQP$rtykn qOrt Will rbDt be r¢qulred to saglY(la16 In tho e5tale,Ihatltls probabl¢fhat lh9 amount1] bw byth6 tharlly, and the aM0t lo be recgtvgd con bo estlmatsd Vt 6ufllclgntaocurauyb and thal anycondltlons2ttachÈdtothe bgacy oré eIlhèrthl thè control ofthe charftyor have been mel. 4re a paympllt Is recelved from gstats or IB nollflgd r8celvab19 by thTr wcutots after thè Yèsx)rtlng dalè and belore accounts ar¢ aulhorlsed for15sug but it18 oloaTthat ¢hg payrDent hgd bBttn &greed by the aye¢ulors prlol lo the end of tho roPOrtSng pwlod, then tho conc9rn9d Is treatqd adJustIg 8V•ht and accrmd as Incomo Intho aGcounOng perSod If recglpl 1$ probablg. th8 charityhas qstsbllshod qnllthmqnttoa legary btthE ¢$ Ullrprtalhty gtstolhe amounl ofih paym9nl. dei&ll$ of lrfp¢ypradls¢losados aconUn9Biil4ssAluntll the CTlt•rl&foTlncomé rocognlfion arè Thet.Wh<iè8 lega 11 suL¥OGtto th4lnt¢y•stof 21114 t4tsani,th•1ègÈcy19 notr¢ouNlaad a$ IneomÈ uniiithé déath of the i18ténanL If11 Is doubtful Ihat full settlement of3 lèga¢y debtorwlll be Ye¢elved, then an adlustsngnt 1$ rqduc8 thq amount ofthè lègacy d8blor legacylncomo rathèrthan Charglng th¢ adiu6tmenta$ 9NJgndllurg In Ihè statsmÈnl of Flnan<lal Aciivlllos Donated goods.IAellltlès and onatsd good$that4Tg 0t fl¥gd assfjts or• o¢cauntod kr ata falrvaluè, un$ tt Is Impradcal to rollably measuTe thgvalue of tho item In thg absenceof4Dy dlr•cl fj¥ldJn0f falrvalue af donated gtsodA. thèn aval& Is derfved from the ¢osl of Iho Itemtotha don¢Jtor. ltt the Gagè of yd$ thbtarè expected to besold, th8estlmated r05318 value after If It18 Impr4¢11¢abl¢to m4a8vr• tho fAlr valu¢ of¥oods donAted for ressle. orthe costs ofvaatron outwalgh th& bfrn4fj14 lh• dottaldd goods arè r•co9nlsed as Incomewhon 60jd.wllh •quhfaknt arnouht bo]ng r•collnls•d as an 6Kp•ns•. Thg ¢o$ts olsoDds doi)a¢edfdv dlgtrlbuiionto ll•fICIrtl 14 d&m4d to thfalrvAlue of thoAe goods upott McBlpL W thè ODDdts Brèdlstribuied fr8Èly orforanomlnal ¢1&1derAtlQn, Ihon thg carrykno arnouTrl 1$ adJusf&d atth&tlm•Of £¥o,tothDvalu8 atlh8 PD1ffttoldIstrb(m7 and tha adlustmentl&shown as B COBt badè. Menthershlp sub5Grfpll(bTh6 Thè IncomB and any as8Dclated GiftAld orolhortax YglundfrotTha rn•mbgr8hlp $ubscrfptlaTr rrtelved bythè chartty In Ihe Haiure 014 gltr. poC0d for Dn IhÈ Samè batsls as a don&tlon. The Incompfrom a mgmbof814p6ubs¢rlption r4t¢lv¢d by th• ¢harfiywh•ro Ih$sub$trfptlon Puhse& Ihg ghlto $tyNS¢•s orben•fll¥ 1$ r•¢a9Thlg 89 Incorrt• from charItab a£tlvllles. 22
The Ascension Trust Annual Report 2020 Icontinuedl The Aseansion Tyust Noi85 to the Accounts for the yoarended 31 DeG•mb•r 2020 PolSGle5 relating to 8xp8ndlturo on goods ertd $ervlees provldèd to the charity. R•¢ognltlon of Ilabllltlos and •xpwdltwro A Ilablllty, the related &End[lurE, Is i•cognis¢d v4h•n a1•gal or ¢onsrruct6ve otrJll9atkn exlsts a fasult of a past evènt, and wheTr) 11 Is more Ilkejy thaTr not that o Iraftsfar of qcobDml¢ ben•lt8 11 b• r8qulrod soltl&mèThl. and when the aOnI of the obllgalion can bq or r•lt8Wy èstlmated.. Llobllltlo5 arlslng from fvfuTg cpmmltmènl8 eoK61w¢llvg obllgatlona. IntdIn9 pttforManc&relat4d grats. tyhere the tliDlng orthg amount ofthfj fv¢uwpfjyp4ndlluYè requlred fo seffi8the obllgÈtlon are uncertsln, glvè rfstto a provtsk+n In the accouirt8 atlhu accoUI)Iln9 year end.Th8 PrOs1O Is Increased to £t(sny[nereaSes In Ilabllllles, and18 dBcru3sBd bytha tstlllyalloll olanyprovl$l¢Jn wIn th8 pÈ¥lod. r•¥4rsèd If any provlslon Is no longerrequirod. Thqsq mov•m4rtts aw• charged or¢rodl¢8d tolhè r8spÈellvè fund8 amd aellvltle& lowhlch thè provlsloD relate6. Allo¢allng cysfslo &ctlvlllBs Dlr4¢1 c¢thatrtt spec1tTe1Y relatsdlo acllvlly arg alloGatgd l(bthat OGU(y. SupprAt and overhoad coats oreamocatgd •tTh furtdralslng a1¥1108s and Charltablg aGtlvS119s. ¢overnpnc& costs we thoso support co8t$ whlch T8l&tètO Ihb strateglt Ènd day lo day managementof a ¢harity.8upporteogt9, overhead cosls and •iy shared dlr•ctoAts Apporiknnèd bètwaen octhi11$ as lollows... Staffing thon the basls of lknespant In conn•cllon vllh any p8rtloular aclvlty. Othèrsupportctssts, overhèadsand shar4d dIrl-On ba1$ ofthe uAage0lruT¢ey, In ¢¢rms •fUMe taken. capacltywod, rgquest rnadovrolhgr Tnryasvros. Volunteers In accordanCe1th tho SORP, In ts¢4unltlon olth•thfflcultleg In ptaclng a rn0notaryva1thOn1he eoThtrlbullon fr¢m volwNooYs, tho ¢trIbUtIOn of volunleeys l& not1nc1ud9dthltt thtt Incomeoltha charlly. Hovrnver, the trusteeFvalug Ih951gnlllcant contrlbuuoh madetothe acllvlt198 of the charfly byunpald volunt•ers and th15 dgsrrlbèd mor4 lu¥y Notès. Pollclos re14ting to agtstrts, Ilabllltl8s and prov15i¢)ns and oth&r matters. Flxèrl Ass61 Investments Flxgd a8¥•tlnveatmentg In quoted sharès, traded bond$. Inv•sfm•nt propèrtlfrs andfylmllarlnv•Blm8Dts afa Inlliallyt st 8cquIGllloD attheir mark4tvaiutr attho bal&nc6 gheetdale al the thb fln4ncl81 perlod. Invesimanlprop4rtle5 are not d•wo¢1gt4d. Flxed as841 Inv£stm9nts In unll$tFd 4ullles are shown althe bJlJrt¢e 8h•ot date attho be5tosllmale of thglr mBrketvalue,wlwrB PTacllcablg. valuatl<mtechnlquè$ arè con81dorad unréllAblÈ orvAter&. thooplnlon of the trustee%the costs ouiwgigh th b@nèf119 to the users of the accounts, thÈ InvÈstmÈnl 19 Ineluded at cosL and a revlewls undertakpn al oach yfjar&Thd as to whellièr thè assot 8liould b¥w¢itten d¢vm. In¥Èstmants In subsldlarfos, as50Glate$ avg Mqasurffd wtGosik55 ImpAlrnient. All g&ln5 on flxed assetlnvèstmonls, whothw 811$$d or uTr)r&a115ed. Aye Included In T¢WI 84of IhaStat£mentof Flnanclal Acdvlll8¥.
The Ascension Trust
Annual Report 2020 Icontinuedl
Th• As¢•nslon Tw$t
Notes to tho Account8 for the yoar ondéd 31 Décèmber 2020
ranglble ftxed a8Gets
Tanglblefixedllssets areeasredtlhelrotlVknal costvalue. orsubsequBTrt revalvailan.
The Ascension Trust Annual Report 2020 {wntinuedl The Ascenslon Trust Notès to thi A¢counts fortho yoar •nd•d 31 D•¢•mbar 2020 4 Donatèd goods. 88Nl¢•s and fa¢llltle8 Currentygar Curronfy•4r Currnnty•ar ¢LYr•ntyOE4r PwhrYo4r Rostrfchd YDtsI Punds Totol Fund$ Fubd$ 2020 2020 2019 InClded In Leg3<1os and DoTratlons.'. Donated goods and 2,383 Prloryaar PrforY•3r Unr48tslGtèd Funds PrforY•ir Prforyoar Tct•lF5 2019 Included Legacles and DOatIonS:. 9ow)d$ and s•rvlc•$ 2,383 2,383 2,363 S The conlrlbutlon of volunts8rs The Gh&rity dèpènds on the 60171 ¥¥lunteerts, wh1¢h18 much #ppM¢l#i¢d.Th¢ aNanoem•nl¥ wHh v¢luntoDrs ar• dlfficult tovalu• preGl8ely kn nl041ary teTms and hav47 not bpen Tocognlsed In the StatemEn¢ of FlnahGT41 A¢iivltl8s. Th¢ luTht¢&rsanJtho¢harfty 4¢¢4pland Hgr¢•thal no ¢¢nlra¢l crfjatsd bythe84 9qrnontY. 8 Staff costs and •moluments Salarycosts 2020 Gross Salarlos excludlng tNgtgè5 and keymanag£menl parsonnal Employer Nallonal Insurance forall sldff Empiwr op¢roiino ¢o*s of d•fin•d conlrlbUtk>n $¢homo$ 236,947 19.2311 274.540 25.157 S.q49 4630 Total salarlg$,wallo8 and ralatgd ¢osts 261,32e 3r1527 Thd avÈr8ge umber of tuti tlmestaff en4)loyed In Ihèyearwhs The estlmated lull Vm8 &9[VOlntnUMb8r0rall 6taff employèd In they&arwas Ehgaoed on cl)arftabloatrAlvltl¢¥ qq Th998tlmattd full Umèe4ulvatfJntnumberotallstaff Èmployed 8& above 25
The Ascension Trust Annual Report 2020 Icontlnuedl The Ascenslon Trust Notes to thtr A¢¢ounls forthe year ond8d 31 D•¢ombaY 2020 AscÈn8tott TN4t-s key MannIperOollnI Isthg [nubrOf lh&SÈnlorMAnemenlrea who IB COsIdEred the0rganlsatloTr'svlsloary and driver.Th8totBlÈrnployment costs Ilncludlng fh•on ¥10fth8 ktymanagernt persomel £42,542U512019 t47.21. NO rac•lved omotuments lex¢ludlng penslon thtÈl In èxtèa%of£80,000 yrannvm. 7 D¢finèd conlrfbutlon pansion schernes Tha charlty oparatss a defined Contribuiion penslon scheme. th8 cost8 olwhlch are shown aiwo. AnyllobllStlg8 ahd 89$tt 84godated vAlh the Gchemè we shown underdèbtor8 ar¥J ¢r4diif>r8. 8 Remungrallon and paym8nts to Trustees end ¥SOn$ tonrtected WIU) them Uhder thè authorlty of the uovevnlng IhgCEO Iwho l* Èlsts a frtrsieelwa5 pald a sJlJrylorhts as CEO.Thè amounts pald arefully dlsGIv8qd In ffiolè 6. No Ir116tg9s orp¢rgw$¢onn•ct4d w51h thèm racalved any romunDTathin from thTr¢harty. orony rèJBt4dentlty. 9 Tanglbl¢ fixed as8•ts Ld and eulldlnus otlko Equlpmfrnt FUrnItre & Curr•niYoar cost At 1 Javary202[l 283,476 39.638 4609 327,723 At 31 D0mber 202 283.476 ,838 4609 327,723 At 1 JathUary2020 Chwgq for th&year ¢2,2S3 5,670 25.344 2,574 1832 155 91.429 $,399 At 31 Doc4rnber2020 67.923 27.918 4¥&7 99.828 Nétbookvalue At JI OeceTtr2020 215.553 11,720 622 227,895 At31 D4conth4r 1019 221.229 294 777 228.294 L and ulldlngs Offlcè EqulFMnent FumStuM & Flttlng Prforyear Tot41 ¢¥¢ 01 January2019 Addlllons DIgpoBB15 281476 ÉO,SlS 11.780 132.6571 4,609 348,eOO 11,780 132.6571 01 JanuBry2020 283A76 327.723 26
The Ascension Trust Annual Report 2020 Icontinuedl The Ascension Trnst Not8$ tts the A¢¢otJnts for the year ended 31 DeGember 2020 Deprnclabon 01 J?nyary2019 ChaTg9 forthe year On disposa 58.583 5.67LI 56,752 1,249 (32,6571 1,638 194 7,113 132.857 01 JBnuary2D2D 62,2S3 25.344 3.832 91.429 Nel bookvolu• Lll January2020 221,223 14.294 Y17 236,294 01 January2019 22(893 3.783 71 rJ1.fj27 10 Inve$tsnonts h&W as Xed 8s88ts Invgslrngnts Llsled InVestMts oth $ubgSdlarles Total Tnve¥lmertt Carrylng val5 olknvgstmants At l January2020 Atal DecwnbBr2020 Analysls b8lw••n folrvaluè gmd hlstorlcpjcosl I¢mant#S Above hald atfalTvaluè 11 D8btor8 2020 2019 Trad& d<bEoYs AMnoWed bygroup vhdgrtaklngs and deangS th1¢h the charfty ho$ • pErtlclpatlng lThteTgSt Prepaymentsand a¢¢rwd In¢omo Olhgrdgbtors 18,72fj 67,603 72 6,717 74,833 62.305 15.631 148,e68 15269 27
The Ascension Trust Annual Report 2020 Icontlnuedl Thè Aseanslon Trust Notès to the Accounts for the year endéd 31 Do¢•mbor 2020 12 Credltors= arnounls falllng due within onè y 2020 2049 Bank loano ondovordraft8 Accrvalsforgr&r payobl Yradgcr8dltors AcclU2Ts PAYE, NIC VATond tsthertaxeB 0th6r¢r¢dlt•rs 5.000 43.087 12,849 10,637 1594 8,749 9,$87 14,250 13,992 9.495 6.625 q6.441 83,916 67,1SO 13 Cr8dltors'. amount$ lallirtg duè attèr on• yèar 202 2019 loans andoverdrafts 45.QOO 61341 14 Assèt8 of th6 ch8rlty charged lo meet It8 Ilabllltl88 2021J 2019 ompanybulldlng In thewayof logal nwrtgage for FX(Drygar. Atth9 Eakn¢¥ Sh date. the aMOn¢SeCUred kn esumated to be 50,IJOO 71,728 15 Incom6 and E%p8ndlturo account summary 20211 2019 At 1 JawAry2020 Surplus aft•rtax lorthg year 616,334 16,é66 611774 11O3N401 At 31 Docember2020 533.000 516,334 16 No rolated partytransaction$ Thwew4rÈ no Iran8¢)¥ with rolthd pgrtlès In Iho V42r. oxceptwlth regard to tru$lg9s' rornuTreTatTon. twstsqs. Bxp•n5 ahd tran5aclluh5 1h $ubsldl#thts whlch are llydISCI0$ed In nots% abov•. 17 Partlculars of how parflcularfunds are represented by asgets Ilablli¢iÈs At 31 Da¢ember2020 UnTqstr]thd DeylgMt¥J R¢stri¢d Toigl Tanglble Flxed A6$9t$ InvostMentsatvaluatlon-. Flx4d a$¥•iiO$1M•ts Cutr8ntAs$èt* Cu•t Llabllltles LonyT¢rm Llablltles 227,B95 227,Bg5 367,782 183,$161 I45,0J} 16.258 434.020 183.918) 145,OLIDI QQ.258 531WD 28
The Ascension Trust Annual Report 2020 Icontinuedl The Ascension Trust Notes to the Accounls for the yearended 31 Dg¢omber2020 Atl January 2D20 0140l9 R48IrfGtsd ds Ta9Ible RxadAs$ets lnvgstmgntsatv40oQ1l:. FIX $t InvdBtmth*s CutrékntAssèts ¢utrqntLIBbll1es LMgT•wm Llabllllles 236.294 238.284 282,73¢ 167,19Ql 162.3411 126.83$ 409,J60 167.1901 162A411 389,500 126,833 518A34 18 chan in iotal hFnds over tha yo8ra8 shown In Note 17, 8nglys¢d by IndSvldual funds FuNd&trtÉd larwardto furW?rd friim 2015 baivib lua In 2024 Unrestrfcted and dgslgnatgd fund8'.- Unregtrlcted Veno FurKI8 38W8 77,244 466,742 Yolal unrostrtctsd tnd d¢$lunfjt¢d fund$ 389.498 77,244 466,742 R•atiicttdftÉnd¥:. OpBr4Jon sjaMaICa OpgTatlon PtOrOn uda Appeal Fwd 60.'40 Method161 Prolect Jerusalem Trust 1.356 11,3201 11.3201 934 429 16,6071 I45,Qj 138,3971 11781 40,486 55.942 25,48 94.305 oth8rrestrfctedfuud$ Tot3E reslrfctsd fund 126,836 160.578 66.258 Total charlty lund$ 516,334 16.866 S330 19 Analy81s of mov•m8nts In funds ovor tho ygar•$ shown In Not6 18 Olh4r MoviAi•nt Losses 2020 2020 2020 Unrtstrlcted ond deslgnatsd funits..- unstrIc6 Rgvenutr Funds 3,62& 1313,1811 77.244 29
The Ascension Trust Annual Report 2020 Icontinuedl Thè Ascansion Trust Not8S to the Account8 for th8 y8arend8d 31 Dec8mb8r 2020 ReGtrtcts6fuTrds'.. Operallon Sava Jamalca Ope¥aon R8StDf4tlo BaYb#da Appèal Fund 60.'40 MelhodlstProle¢t J•rusalamTrust 810 145fll 380 19341 117.985) 11&0001 138,3971 19341 lfj.fjlJ71 11$170) IJBJ97) 11.37B Other reGirfct8d fiJnds 414,483 397,767 G8ln$ and $89$ 8rfr d£tAllfrd In not•$ 0.1 O. O and O 20 The purposes forwhlch the tund8 Unr¢strkied and deslgrnatsdfuNJs'.- Thè60fvnds arg hBld forth9 Mgetlng thu uble5t891l& Gh¥rlty. And to prod rgsorvgsloFfulur9 aGllvlll85, gnd. subl•Gtio charlty laulslatlo. aro frqè from all r8slrlctlonsonthèlrusè. Unrastrtcled Revenue Funds Deslgnalgd Flxqd Asset Funds Th&pyp0S& ofthoè fud9 Is dÈscrlb8d undwthe accounll pollcy'Accounllng forcapltal grants and flx4d a5SBtfunds'. R¢strfct4dfuAd8:. 0ratIOn Sa¥tr JaNka 1$ th• Umbrèlla boty that op•rat49 Str••t Pa$ior Inl1110 In Jam•l¢• wrf•r a Mastyr Opvator Aw•m4nt wllh A8unslofjTru81. opipatl0nsa J4molt Oparatlon Restorallon Chrlstlan 8¢hool 65 a hOI In Trench Town. Klngston. Jamalcawhlch A5censlon Trust has pathored ¥Ath lo ral59 funds towards Ihe SChrl'S runnlng ¢osts. Operauon ReSttsra0 Tha R8bulld Bawbuds App8al Fund 1$ a partnÈr8hlp bètween tha Asc&ns1oth Trustand thb Bathda Hlgh CommlGslon In London whlch Was cf&atèd to t&lse fd4 forthè rebulldlno of thè l¥land olBatbudg In thttw&ke thf HrAtane1MI In 2Q17. Bart>udaAppeal Fund The 6ts14oY¢th ProlecilB 2n InltlutlveoIAstinsloThTrusl ba9d Int London Borough ol Lambeth In part[Lé[8hlp11kn th• MelhDdL¥tChur< LtsndonCIty Jffjs$lon.Thè prol¢¢¢ h?$ b¢gn BÉlobllsknAd locBr•lor. 91 niptswotyOUW P•OPk In tho borough OfLaml. 80.'40 Mèthodlst Prolo fusJlÈrn Ttustprovid fundlno lorthè Ihlilallvos ofAsc¢n91¢n frn8iwhlcth iackl¢s yOUlh ¥klonÈèan4J knll• crlm8. J•Nsalem Ttust ¢Xh&r reslilcled fvnds R•Bbict£dfundgfrom pr4oU5 prolects 21 UIIIMat8 Controlllny party The charfty 6B undeTth¢¢ontrol ofits legal member Every memberof the tharltyls obllgtd tocontrlbutè such amount as be requlred not excè4dfjng £llJ to tho a3$els of the wjnpany In thè èvenl oflts Th9 wound upwhlle he orsho Is a Menib9r, Orth1Th ollts 4raft•rh1 tsrshè c4&sbsto bè a mèmbtt. 30
The Ascension Trust Annual Report 2020 {continuedl Thv Ascenslon Trust Daf&llEd¥nolysts of InDOtn8 •xpendlturoforfhg yearended 31 December2020 as reqIred by thèSORP 201S Th18 s31Y$l$ Is ctAs6lfled bycOntIanl nDmlnaldascdptlw4 end Trotby arty. 22 Donallons. GTant54nd Loga¢lèB CuTh4ntwr Curr•nt¥ Pthvy UnrÈ8lrtoi•d R4&lrF¢tsd YotaFu Fun 2020 andglttsfraTh IndlvSdwls nd9lttafrtyn Indfvldu41• 16J7F 1Q377 1491D ¥2,874 Ibl ProleGi 7.440 24D Rq¥tof&thn 11,620 t10 efo cod-18Ap1Il 2,403 2,103 Pwmedkg lJ75 1,275 T¢tw1donau¥nd B1ft9 Irc IAdlvWufil 40 11430 51499 44542 All th90¢08toI )a ylN¥ lththo ory4rorUnMtrJGtqd. End ginsfFQm IncldUat$ (Cjd4 HRcrfundS an11ftd8dn8In8)-Pry&&rlloIs Frfnry irtctsd Fund Prfwyr TrfqlFuth Ré&trklod Ftsid& 1019 Pvlory•ar Cuir¢niyt4r nr+slAÉiffd Fund curr¢Thi¥r PrfwY4ar YoLTIFuh& rot41Fu Fund 2D20 19 Lpoados rKélvab L•gadbs i100 I1.0 11,OUO
The Ascension Trust Annual Report 2020 {¢ontinued) Yhe Ascdnslon frust Delalled analysls of IncomB ¥xp•D<¥luT8forthBy4afBndgd 31 D&mber202o as rÈqulr•d by the8ORP 2015 cY1•r CIn¢y•1r CUrr¢Trir UnrèÈlriÈkid Ra&14d FUTr Fwndz PAllrYell 102 2019 R•vthud llOVOMmÈntand publlGbudlg VoiutLtlfi0Mait1rsG1 HIAR¢ Job Rél&n¥0Èhmèar1E 68m7 I47 Ltsndtsn Boroullhof 10,SQD 76,58e 74,586 20,104 ¢ntw Gunzrdyeat euiMAiy•ar etslrktsd TotslFwd¥ PrforY¢ir Tat4FwL FUD& 202 A¢¥tLOrddfiatEorEfrOrn non pub]kbod108 ¢huYthDonaUon5 7.224 15,37 OthérDonailons 4,898 11,378 11,378 24,140 Totalprtv&teJq¢tr¥fq¥OnVpgrini 11.378 22A44 44.447 AII IIM grants sn thopfiuryo4rwetBuDroDIrfthd. Ra¥w0rdl•dlIOfftao$fr<th nom blIC bod% IlnGltyd?01ftA donèuon•tr(vnJub•ldL¥1•61-Prfor PthYèAT FurtdÈ Fund T0&IlFund£ 2019 Prloryqar 22
The Ascension Trust Annual Report 2020 Icontinuedl The A6C01181oD TFUSt Detsllad anatysls oflncvmè alld xpgnd5tsf8foi Ihè yèav onded Sl Deconthr202048 roqWr•d by thSORP 2015 ¢urMTrtr •Atilct•d Cutrréhty4#r rY¢ TFund¢ Unrlloi•d Pd# 20Z4 2020 DUM8i¢dyrdsodseT¥1c29 Smallglftv IvIdu41 thIn ÉqO¢O FltsNlYlh&tya-DOnale4moydt0Th. Ktyboardsand Tot4lthDthd oood&andtervfceB Ctyrn¢niy4ir ¢urr•Ntwr R•stYk Cuiféhty4ar TtFUak PAwY4ir Fd$ Of9 QfftAld IwttAld R¢¢41¥ANo e,652 552 6J31 TOtsIQfftW 4662 6234 CurwtY14r ¢wMnty¢ir PrforYe T¢lalFndS TotslFund• Retht¢wd 2020 2TrZ4 241¥ suo 500 00 14050 Total ra461on1n¢w Total Donations. OTants and L•ga¢le$ Total DoDaffjon$, Gian19 Rnd Lugacles 14S7Y3 23,106 16&5 t35,221 All thé 11 In thÈ prloryoorwBrbnrOgtr1atsd. UnMslrt¢l¢d RIrf¢1ea PriDYY•ar laWFuntrg 201> Prioryefyr 241• Total Donat105, Grarttè ad Logado¥ 34.81 f.228 33
The Ascension Trust
Annual Report 2020 (continued)
Tho Ascenslon Trust
Delalled analys19 of Incoma and exp8Kdltuvèlorthe rended 31 Decerd)èr2020 ax rt4ulr&d by
th9 SORP 21J15
23 In¢omefrom eharftsbl• a¢tlvttl•8-TradlNg A¢dvltlè8
Cuff•nty•ar
CThhtY4ar
CurTonty¥r
REBtrl#ed
Fund
PrfDrY•pr
TlF&S Tolilfuttds
FdI
2020
2021
201•
Prfrnarypurptss•4nd Blll4rylr4
The Ascension Trust Annual Report 2020 Icontlnuedl Tho A8con81on Trust DetaIl4dMaS1¥ t>f In¢omo andèxwndiiuTQ foTtheyear ended 31 Dec£mbtr2020 as ra4rd by the 8ORP 2015 27 OlhAr Income and llalns cu1Yer Uh[e&ad RnBtrfcl•d FuM4 PTlorY¢ir TofilFuh Tot41 Funds cu1rèntr 2.078 othwlneoM4-EMpirymèntAltsw4ne• 4WOO Tots1othlllrne 78 28 EMpindltVT• r)n ¢harftable aotlvldes.Dlrnd $p£ndlng Gnlyar Cwr•nIyr Pye¥r T¢t•IF To141FdI Culrgjityear Tr8wI and Sub#bténce.CharllaNe 2.459 1458 Rgbuild Barbuda Exp8n5eB Op6ratlOn Rts8torallon Expons MlyJlon Expenses Op9ratlon SavJamalca 60.'40Youib Prtr¢I Exptn¥88 Street Pastors PrayerPastorExpensÈ8 IOOD fl.620 3,ClO 11,620 53.9$2 I?.7 450 72S 57.865 57e5 Total dlrèctspèThdlrJg 76,121 139,78 Pr1¢rYr P4101Yr Pmvryèlli TotslFund Prforyoay Fund Fyr Rebulld Barbuda Expèhse8 OperAllon Rt$t*ratiON Exp•nsgS 6OAOYouth Pr¥Kt E¥p•n¥es 53,932 Total dlrecl spendlng B2a 6&422 7ts6 29 Exppndllure on tharllaki1&2cllv611ès-Gharftsbl8lr4¢¥ng ¢¥ttthy•ar Cuitèntyoat b)TorYe4r UnpJ5 TWTFynd¥ ¢yrront Y•ar 2030 2010 Co&tdootsd&ts¥prfwrypurpo$g 442 Tra19 Expendltur 6.460 Llcgnce FBe Refund 38D Gr06swaggsand salarles. char1 Ir4(4ng actlvltlwo 24332 66.183 64,8e5 35
The Ascension Trust Annual Report 2020 {continuedl The Ascenslon Trust Do14118d analyslsof In(K>mg and exP0lIrfOr the yoar4Kd4d 21 J)gcember2120 os requlrgd by thb SORP 2015 Emplo$. Nl-emarftsble tr]ng Jctivill98 D8fin8d contrtbuuon nSIOn Gosly -GharftabblHdlTr94GtlvMI4s 3,686 3.e3B 671 241 J406D 3B,2 67m2 gg.DRf AM th••XpthdMurèM¢knptr1¢tyWW41unMsot1d. PthrYI Unr6Btrfrtèrf liès FundE orY•i Prforyear 2419 haritsbl6tr¥dhg acllvltles Employers. Nl-charttable tradhg a¢llvMles Donnoé ¢thutIon pgn8lon tsts .¢harflabletradlng a¢Uvlll 61065 4671 5.671 219 Tolal¢haFlablo¢radlw Gagts 38,iJO 6•.9M ,081 30 Exp•ndllur•tyi th¥rft4)1oa¢b¥iffjo¥.Orantfu#dlng of attlvtti68 BniyE)r Urt¢•d ds PrfDrYpHI R¢DIrfd ToWIFund• TolFn eurientYEar 2020 202 2020 201è A738 173$ Totsl 82È 73 Bre4kdownof er4ntsmaet0r9AnlJtl0Th1 Curr•nlyllnr CurT•lltpr cUrrnffltr unrat1•d RoUrkt4d Fuh6x umtYo8r TolDIFMd¥ 2120 24U VolUbt¢¢rfnoWAIt•Y¥¢r•rt4 strdetPa$toisAr¢ 3.738 31 Support to?tsfortharfl¥bl• Cuw•ntt Cutientr PrlDrV&&t RtrISt•d T4lalFyD Funds a¢tMtl&g ¢urrentYe8r Employ40 costs not Included In thr1 Ca6tG Cost of salarl&s Fechargèdtoolher rgan19ation9 SBlÈrles-Admln15tr&t1Stftff DeflThed cothfrlbutloD par6lon cost-admlnlslrallvostaff Employers. Nl.Admln19tratlvt st8flLlfè knSurart Recrnitmettiéxponso8 5,gYQ 150.171 24.623 174.794 209,$7¥ 4fi06 4,1 96 15,594 1,6 36
The Ascension Trust Annual Report 2020 Icontinuedl The As¢•nslon Trust Detalledanalysls oflnciMn•3Trd axp8ndlluf8forth yaarènd$ 31 DecembèrN20 as rnqutrad by IheSORP 201S Volurtoorcosts Volunteèrs. pne$ 579 570 &J34 Pr•mls•s Èxpenses R&ies ahd waler¢harg88 Ro¢Jrn Hlra Llghl h8ptEnd pow•r leaning andwa6te marbagement Prow4S94 fapA¥ rènewals mBlnlènance Pwp•rw Insurance 4110 1147 1,600 10.£27 4134 52 3f4 317 fj36 ts74 IJJ AdmlnlstraUv8 overhgads Tolephong, fax al Int8Tt Po$iau Statlonoryond prlnllng Subscilpllotts Software licen096 expens08 Llabiiiiy and Insuranc• sndry expenses Bad D&bl & oth£rwrlla Off Yravd & subslstohce Entthainmèht 382 612 1,372 331 067 2,199 1263 9fv38 17Y 1570 22 7,728 3,179 457 120 Prof¢gglon8lfeè$pald lo ad80 hÈrI the audltor orexgffllner Prof&sslonAlfBèS 260 Consullancyfea 297 304 300 2WO Flnanclal coats 18os 26 2.833 3M4a ank oharg£s Depits¢laiion & Amortl$ati¢n In t•talfor Bank Intorosi payabl 431S 1AIS 64 14 399 1M39 7,113 IMIS Support Costs r•alloc4tlon 21&814 32.259 244073 31451 Total 8iVPOrt¢ost8-¢1Tgnt Ypor 213114 073 The b1$41#1)lUQtyQl¢ty1Its b91w¢ ¥11$ undirtcoounllwpDIIGles Curr£ntyBBr Gwtsnty Unrestdcw Wttthd Altsxywr Prtoryear 202 2419 EmployèeeostB not Included In dlrect costs S&lorlès-Admlnl$trallvg staff D&fined con1v1tIon panslon cost. Adrnlnlslrav4 staff Employ8r*' Nl.Adrnlnlstraii¥o staff Llfè R&cruttmeThlexp?n69S 1ÈÈ,875 21.DllO 209,875 S,ZO2 409 &611 17,yn 1,geo 317 11480 20 PrornIs ExpBnsÈ# RateB water chxgeG Room Hlrè 2,197 22 1¢ 2,218 37
The Ascension Trust Annual Report 2020 Icontinuedl The Ascerhslon Trust Dolalled analygls of Int¥pmÈad èmpendithrèfoiiht y&afetsdad 31 D8c4mb8r 20211 a ro11r4d by th6 SORP 2015 Llghthqa¢aft& ptsr ClÈanlng and waste management Prem15e5 repatr6, reTrOw5 and malnlenanc9 PropBrty Inswan¢• io• 4,486 6JD 656 Adrnlnlstratlovethd$ Talaphon8. faxand lThtern&t Poatage StslltsneryAnd 8ubscYlpllons 8offvRre Ilcences and exp2nses Liabllrfy ntents Inswranre Sundry P•h5@S Bad bI & otherwrlte oft Tra1 &Gubslslence Entsrtalnmènt 6,516 6,582 1.372 2.906 545 14 28 277 ojo 2,149 2,28 Y.6$1 1.147 IW3 2.289 7.7 3,17$ 77 ProlosBlonAI lèes pald to advlsors C¢nsultancyfee8 2.495 2,520 Flnonctol costs tynk chargog DepreCIaon & AmorttsallO Inlolal for 8ank Inlorest payablg 3,414 7,042 2,787 34 2115 Supportcosts bbforé raallocallo 0,769 23.882 314ffi51 Tot supportcosts. PFlorYèar 31 The bes0(81101lon ofcoslB aetMIK IBd•1crté und•ra¢counUng poxohs 32 Othèr ExpÉndltuM-Gov6rnanc4th)#t ¢ty CUtrthiar Cutronlyoar PrfurY¢•i ToknlFwd Curr&ntYèar Fd5 2120 2020 2420 1019 lJbdtyÈndènt ExamlnÈVs feex Lead Fe&s 3$ 35 q07 É35 44•7 AII gxpgndltU¥•ln the prtorygaTW4sunrg%lrfGtqd. 33 Total chodlab8xpedlture Cthiilya Curtehtyoar PAorYoat T&4lFL¥¥ UNqitylthd Fu#d8 R•51r Tot•lFurA• CurMn¢Y••r 2011 Tolèl dlrect SPèTr7dlng Ta(Chall13b1è Iradlng $14 Toial granlfftaklng costs Tolal supportcogts 82a 60,&4 i&yss 36JJZ 76,42A lJ9,786 2c J,n$ 2fi814 3,635 ),738 246M73 3,635 314.F51 B2è TotsiÈhÉrttsblèèxpAndlts 32,581 B{3B6 396 55e,g25 38
The Ascension Trust Annual Report 2020 Icontinuedl Thè As¢•nsion Trust Detalltsd 4n&ly8Fs of Incthmoand wendlluraforthe ye3rended 31 De¢8mbèr2020a5 rdqulrqd by Ih$SORP 20fS fvPorYar R4trWd prtorY YètslFuhd Prforyear 2019 Total dSrecl spfrndlnu B2a Totsl Gh&dtsbtstradlng Y2b Total sthPPDrt ts 2d Total GovOn¢• costs B2è T&36 3A130 29Tr,7Bg $4D7 147B6 SAOB1 Q.951 23.$62 Total 407 1 15f355 34 Fxpèndiwro orn r4l$lng lund$ and ¢osts of Inve8tmentmanagem&Trt TctalFvn Currentyear 2119 C¢st•flundr•l$lng 4¢t[tT¢S aoo 18,2 Totsifwdrol$lno ¢4st6 Bl 800 l thÈ wÉnd511krèlN¢hè thr4¥lrtGtqd. 39
The Ascension Trust Annual Report 2020 Icontinuedl An4Ws ollncomo byao¢lYMy s<JFAwl 53 1ga,3V 74 27m5 2Y,7 sUMmptyofTotslln¢oK ¢ludI theliqMs•bov4 21 Al IMS79 T¢41 P&Td JO Al¥mY suOrt ¢081s 2120 J52 TWITv¥fn1ng 4% 49,740 40
The Ascension Trust Annual Report 2020 (continued) Th0AsGen1on Ttust Sukwt LostB fvO9Of Totsl Tg 20 2D19 Totht¢trwPrtrMryPuw¥•lr•dl 42 Iract SuppDrt eosl Gr1 fi4¢1 xiè P41tornPrWo 70,654 3.7JB S73E Dh ppprt Ythi cllth• 21Z4 2019 e.y9 i¥f4B Admlthstr•lWov¢rfiud• 11.280 40906 upport ¢ost& z4 2011 ¢1¢4sè1 f2.no 402 27,715 41
The Ascension Trust Annual Report 2020 Icontinuedl The A8ttnsl¢nT¥u41 Gr4Dt ¢¢sts 70 TotslTrlllnl 475 121124 5,YiS 1$7 47J8 J21 JJJJ55 IiA26 3132 TolLIR4irktidCharltthh&cO¥ti 12A28 27.YS ,709 ¥,yJ• eye¢ Yh DliJJ Gov¢mat¥ Flnar Totsl ttvlly i#,ui 15&è21 14833 l&q64 2M.1$7 17.JEO Rwfvled aiaiibN••clMdbt 2F dTol•l Gthi¢ t Suppo coql7 hdmduql 2Q 1020 24f9 P4•t4v•Pr41 73 Actlv 2D19 1 20 41QY Il2 42