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 va￿0￿S 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 IndUc￿on 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 COn￿rnS 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 dIr￿tIOn of not only somebody's night bul somebody's life. Offering human contact whlch reduces social isola￿tsn 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 fa￿d 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 Re*ponse 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 Initia￿VeS 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, FIV82￿edic8 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 li￿nce 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 De￿mber 2020, As￿nSIon 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 acknO￿edg0 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 rase￿eS. 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 Inlliat￿eS io ensure no undermlnlng of AT'S repulallon or brands. Furthermore, AT Carries out regular Quality Assuran￿ Reviows with local inilialives. particularly where cOn￿rn$ 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 CO￿t￿bUt1ng 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 prepa￿tIOn 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 th￿e 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 conte￿ts 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 De￿mbar 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.. DO￿4110￿5 & L•ga¢l&s CharEtablè aCtivIUos Othortradlnll a¢￿VItte% InvgsfMo￿ts Olhgr Al A2 A3 145.773 210,242 29,591 23,808 169,$81 210,242 Z9.591 411 135,228 267,323 65.621 A5 4,608 5,078 TolBI Incomg 39D,62S 23.8ts8 414133 473.779 Expqndltur8pn'. R*l*lng funds Charftsblo acll¥lll•s 18,294 558.925 312.581 84,386 Tot￿ ÈXPBthdlknr• 313,381 84,38fy 397.767 577,219 Not Sncom8 loflhèyeBr 77.2A4 1611,51UI 1103.4411 Net Incomo aftèrtran8f•r8 77,244 160.5711 1103.ddlll Not mOvBm￿tkn funds 77.244 160,5141 li0$,￿) R•concl1a￿On offvnds... Tot￿ lunds broughtfo￿ard 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 $¢par*t& Ststement ofTotal Recognlsed Galns and LoB695 Is notToqulr•d asthlsstbtemenllncludès all recognlsgd yaln% lossè*. All 8Ctlvltles d8rfvo froTh contlnulng operatlons Thtt nottrs attached on page$ 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 y￿r 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 loo￿10 267,323 65,fjZI 529 5.078 34.910 131228 ¥Y,323 ¢5,821 $29 5,078 A4 T¢x&I Income 438,6BI 34,918 473,779 Expendliure oll.. Ra1￿￿9 lund* hartlahla actmtley b2 other B3 T4xo* suYpIu$ [￿1rdInarya¢1￿ll BJ othertaxatlon BJ 14,294 407.671 18.294 558,925 51.254 Total èKpèttdIt￿r@ 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¢$t &cttounts. Movèments in ravenue and ¢apltal funds forth• yèar 8nd8d 31 Decemb8r 2020 Revenue d¢eumulat8d funds Unrè4trt¢t¢d F￿d* Réstrtetbd l&￿Y￿¥V Fund¥ 20 20 2Dt> Attumulated lunds brnughlfop￿rd 389A98 128.836 6,334 819.774 Ra￿￿nI¥$d galn$ ènd IoB888 befom tra￿Stor$ 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 l￿tY￿ar 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 1￿com• fhim opgra(lo￿3 419,414 4($,172 Invesbnonl In￿meand Intsragt I￿tar&￿tr&C￿vftb10 Olh8fopBrntlng Incvm• B29 4,608 Gross Incomv In the yoar b¢foreexcBpllonal 414,433 473,779 QroBs Inth)mB In tho yaèr •x¢opllcffjal11om$ 414.433 473,779 Expendkure Charftablv gxpèndlthre, exdudlng dèpred￿1)0 aNJ•mortlsollo Dopr6¢laUon£nd amort18￿1on Fundral£lng c06ts GoverntmCgCQ8ts I￿t¢r*S1 pllyable Rèallsèd losse6 on dlsposalsof ￿d&1 Invasknents thl¢h ar• pr￿Mma 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 th9flIw￿d￿ 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 accOrdan￿￿11h 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 act￿ltIeS 0$ $hown btrlow Cash flows from investing activitiès Inter8St r8c8lved 411 520 Pu￿h#S¥ of propÈrty. plant a￿d equlpmènt 111,7801 Net ¢ash provlded by Investlng activitios 411 11,25 Cash flow8 from fimanclna actlvltle$ 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 acti￿tIeS Nel Income as shgwn tho Statement of Flnanclal ActIvIt￿8 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 T￿A&¢In¥￿￿T￿1t-￿I￿ncO8hÈÈ*as&*JI DO¢￿￿•r*24 Flxqdu￿I A17Mè& 211.155 10 A4 Dobta 251.000 zwii 18 D2 88.2# 6¢1V8 UnrI$M￿F￿R&* 18 DJ 44l741 J89Mg 4tsrt742 91•,498 lJÈ*lwAté4FwL 5Jaml Fr￿￿¢1 20 The Ascension Trust Annual Report 2020 (continued) Th• As￿nSIOn Trust Notes to th8 Account8 forthe yearended 31 Dacemb6r 2020 A¢¢ountlng poll¢l&s Pollcles relatlng to wodwtlon of th& a¢¢ounts. Bas15 of preparatlon a￿d a¢cOU￿￿ng convoiltlon Th•4c¢ouni$ hBw been preparnd ￿ ihe I¢¢r￿Al• ￿419, Und•r1￿ hlgtorkal¢ost Cotsvbnlon, Ènd In8¢¢tyrdBn¢trwlth Flnan£laiRry&rbno standard 102, (Olf*¢tlYè 1StJanuary 20161 and'FRS 102 50RP151ot0Me￿t0f Rts¢omfftÈrtd•d PraGOCoforAccDuTr￿i19 thdRryortlng byCharft16512O15, lasllmondtid by Iho Bullotln 1$w￿d In Odokor2018and appM¢obf¢ loala¢¢ownilThu perfod$b¢u1nnlng•D oraft¢¥ 1siJ8hu8ry20191, ITh¢SORPI. pub116hodby Ihè Charmy com￿1￿￿10￿ In Engla￿￿ & WAI¢6 ICCEWJ. elIq￿¥V 2016? i ahd Ih4Gcordahco wlfh all app1lGBb￿ lawln fhp harftrfylurtFdktlotsof règi5lf￿l0ll.eX¢ept%ha1 Ihè chBrlty has prepared th8finandal staternonts aGc<>rdancevriththe FRS t0280RP1St&temfrntof ReGomm•nded prac￿c￿ lorAGcounting R•porllThg by Charltl8512045, lasarnqnthd by I￿ÈB￿l￿ll Issu&d In Oct<>b8r2018 alld appllGablotoall acco￿￿1￿9 pllrlodB ￿gInnIng or oftor1stJgnugry2O191, hgSORPI, ￿ préfargnco lothé pNvJoya SOPP, s￿1p 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¢6ndon*ts a¢¢ord vAth cuytsnt bèst pra¢tl¢&. Prwntathn¢vrn7nty The Fln?nrJalSlatem•nls llre prBp3rad ID I￿￿h l$th&lun¢lloThalcwryon¢y ofth•chwlly. Monttory om¢Jn¢8 In 8taiem•ntsaré roU￿ad tothb n•wst2. ThocharftablB aollvltk9s arn •nllrn1ydAp￿1d0Tht0n contlnulng grant alrtAnd VO￿￿1¥yd￿n8￿0￿£ aswall astradkng i&VÈnUÈg. A6 a ¢thnWu¢￿, lh# golng ¢¢n¢#n bas1$ Isddpendènton th&fU￿r*I1￿10f the$1 ￿ntert￿nIu￿￿9 4tréarn$. A¢¢ofi&holy, thèTruS￿9 havg oblalnèd f4rkca$t$ kn*reVI*￿n￿ ihq fftn*n¢lalfarè¢aSty forfuiuvè P4rlod4 10 31 Doc*iMbor2Q2T, thtsTrusteas4rosatlsfiodthat, fjtthoumo 0[appr￿ng tholSnanclal stolornwls. It 15aPPhiprlatTrto adoptl**golno ¢QD¢QM In prgparln9theflDand¥lstalgmenl$. Olh9rthan theE4 maii9rs,theTr￿st•¢S arg Dot #WAN ofany mèigrfAI un4ertblM(è9 81)outthè All¢￿t8 •xp•rtd4d Irl brfn0lnot￿a*$4t Into119 1ntsn￿dW0Y1￿mg￿￿dIt1On. Depreclatlon has been provlded aithefollowlng ratss kn ordfrrtowdteoflthe assets to Ihalrantlclpated slduai ¥*iu• ov¢rih•lro8Uth4t•d U$•fiii Ilv48. Ltrfjg¥hokl pr•mlsoS PI¥DI rnJchlngry Molorvghlclg¥ 2 % Ilnty IS % slralgh¢ IlnD 2a % reduciTrgbBTr*c A reuul8rannu81 revlowof thèllkef*hO￿ of 89sei Impalnr¢nt 1$ undertaken. Dobtors Debtors are moasured atthdr recover4)1g amounisat thg ba]oncoshget dat Credltorsakd provlsl¢n$ Trdde credltors are recognlsed Inltlally at the Iransactttsn prfce 8ttd stjbsèquentty measured at amortlsed cost t15ing offe￿[VO Interest method. FINnelal Instruments Includl￿9 cash and bBn* balances Cash hald bythe¢harity Is Indwded at the arnoU￿t acluallyheld and oountgd attt)fyy8ar*Td. Bohk balatt¢è$ whathorin crodit or0v￿ra￿￿. aroshown at th• amountSPToporty f•conc48d to thb bank st816mÈtht pa￿10M8. dthi•d ¢onirfbutk)n s¢hom•s Tho Eharty opèraie5 BdèfiThEd conlrlbuttDn pphslon *GhE￿ cuntr1￿tIOnS ave ch4r9ad to Ihe profltand lo occount a& tliey become poyable kn a¢CordAn￿wIth tho rules of the schgme. 2 Nèt surplLTS bÈf¢Ye tsx In thè fJn4nclal year 2020 2019 Thtr b1￿ tsurplu¥ bofortyt4x In Ih•finah¢i￿ ytrai Is 6tsl¢d aft•r ¢hargkvJ'.- DepreCIA￿on ofowned thd4ssets Penglon costs 8,399 149 7.113 &830 3 lrttérest payablè 2020 2019 B4Dk IDt8ro• ￿Y￿b]B IA89 1815 24 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 InCl￿ded In Leg3<1os and DoTratlons.'. Donated goods and 2,383 Prloryaar PrforY•3r Unr48tslGtèd Funds PrforY•ir Prforyoar Tct•lF￿￿5 2019 Included ￿ Legacles and DO￿atIonS:. 9ow)d$ and s•rvlc•$ 2,383 2,383 2,363 S The conlrlbutlon of volunts8rs The Gh&rity dèpènds on the 6￿￿0￿￿171￿ ¥¥lunteerts, wh1¢h18 much #ppM¢l#i¢d.Th¢ aNanoem•nl¥ wHh v¢luntoDrs ar• dlfficult tovalu• preGl8ely kn nl0￿41ary 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$,wallo8 and ralatgd ¢osts 261,32e 3r15￿27 Thd avÈr8ge ￿umber of tuti tlmestaff en4)loyed In Ihèyearwhs The estlmated lull Vm8 &9￿[VOl￿ntnUMb8r0rall 6taff employèd In they&arwas Ehgaoed on cl)arftabloatrAlvltl¢¥ qq Th998tlmattd full Umèe4ulvatfJntnumberotallstaff Èmployed 8& above 25 The Ascension Trust Annual Report 2020 Icontlnuedl The Ascenslon Trust Notes to thtr A¢¢ounls forthe year ond8d 31 D•¢ombaY 2020 AscÈn8tott TN4t-s key Man￿￿￿￿nIperOolln￿I Isthg [nu￿b￿rOf lh&SÈnlorMAn￿emenlrea￿ who IB CO￿sIdEred the0rganlsatloTr'svlslo￿ary and driver.Th8totBlÈrnployment costs Ilncludlng fh•on ￿¥￿10fth8 ktymanagern￿t persomel £42,542U512019 t47.￿21. NO rac•lved omotuments lex¢ludlng penslon th*tÈl In èxtèa%of£80,000 yrannvm. 7 D¢finèd conlrfbutlon pansion schernes Tha charlty oparatss a defined Contribuiion penslon scheme. th8 cost8 olwhlch are shown aiwo. AnyllobllStlg8 ahd 89$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 L￿d and eulldlnus otlko Equlpmfrnt FUrnIt￿re & Curr•niYoar cost At 1 Ja￿vary202[l 283,476 39.638 4609 327,723 At 31 D0￿mber 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 InVestM￿ts oth $ubgSdlarles Total Tnve¥lmertt Carrylng val￿5 olknvgstmants At l January2020 Atal DecwnbBr2020 Analysls b8lw••n folrvaluè gmd hlstorlcpjcosl I￿￿¢mant￿#S Above hald atfalTvaluè 11 D8btor8 2020 2019 Trad& dudaAppeal Fund The 6ts14oY¢￿th ProlecilB 2n InltlutlveoIAstinsloThTrusl ba9*d Int London Borough ol Lambeth In part[Lé[8hlp￿11kn th• MelhDdL¥tChur< LtsndonCIty Jffjs$lon.Thè prol¢¢¢ h?$ b¢gn BÉlobllsknAd locBr•lor. *9￿1￿*￿ *niptswotyOUW P•OPk In tho borough OfLam￿l￿. 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 pr4￿oU5 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$els of the wjnpany In thè èvenl oflts ￿￿Th9 wound upwhlle he orsho Is a Menib9r, Or￿th1Th ollts ￿4raft•rh1 tsrshè c4&sbsto bè a mèmbtt. 30 The Ascension Trust Annual Report 2020 {continuedl Thv Ascenslon Trust Daf&llEd¥nolysts of InDOtn8 •xpendlturoforfhg yearended 31 December2020 as req￿Ired by thèSORP 201S Th18 s￿31Y$l$ Is ctAs6lfled bycOn￿tIan￿l nDmlnaldascdptlw4 end Trotby ar￿￿ty. 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 t1￿￿0 efo co￿d-18Ap￿1Il 2,403 2,103 Pwmedkg lJ75 1,275 T¢tw1donau￿¥￿nd B1ft9 Irc IAdlvWufil 40 11430 51499 44542 All th90¢08t￿oI )￿a ylN¥ lththo ￿ory*4r￿or*UnMtrJGtqd. End ginsfFQm Incl￿dUat$ (￿C￿jd4 H￿Rcr*fundS an11ft￿d8d￿n8￿I￿n8)-P￿￿ry&&rll￿o￿Is Frfnry irtctsd Fund Prfwy￿r 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 i1￿00 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 c￿￿￿Y1•r CIn¢￿y•1r CUrr¢Tri￿r UnrèÈlriÈkid Ra&￿14￿d FUTr Fwndz PAllrYell 102 2019 R•vthud llOVOMmÈntand publlGbudlg VoiutLt￿lfi0Mait1rsG￿￿1 HIAR¢ Job Rél&n¥0￿È￿h￿mèar1￿E 68m7 I￿47 Ltsndtsn Boroullhof 10,SQD 76,58e 74,586 20,104 ¢ntw Gunzrdyeat euiMAiy•ar etslrktsd TotslFwd¥ PrforY¢ir Tat4FwL FUD& 202 A¢¥￿tL￿Ord￿￿￿d￿fiatEorE￿frOrn 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¥w￿0rd￿l•￿￿dlIOffta￿o￿$fr Prioryefyr 241• Total Donat10￿5, Grarttè a￿d Logado¥ 34.81 f￿.228 33 The Ascension Trust Annual Report 2020 (continued) Tho Ascenslon Trust Delalled analys19 of Incoma and exp8Kdltuvèlorthe ￿rended 31 Decerd)èr2020 ax rt4ulr&d by th9 SORP 21J15 23 In¢omefrom eharftsbl• a¢tlvttl•8-TradlNg A¢dvltlè8 Cuff•nty•ar C*ThhtY4ar CurTonty¥r REBtrl#ed Fund PrfDrY•pr T￿lF￿￿&S Tolilfuttds F￿dI 2020 2021 201• Prfrnarypurptss•4nd *Blll4rylr4wir ¢urrthtye4r Unrq8¢rtc14d RÈslrtetod Funds ¢uw•niyW PrforYe?r TotslFunds T¢t4lFunts Curr4nty• 2020 20f$ 210J42 210,242 2£7,325 T*lllffomrhBtit4bk s¢u￿4•* 21Q242 21Q.242 7.523 26 Othèr, Ilon charftabJ* acllvttl8s eWrènt￿ CuwÈniy•ar Curt#￿t￿r Un￿￿tled Ra6￿1￿4￿ Fuhd F￿d PrlDrY4¥ T￿aIF￿tdÉ 20 2120 2otg i.e68 2Q315 No￿h￿rf￿hlEtr0d1￿g1C*1V[UeB￿f $ub&Ellary6ThUttes 14,S44 14,5M 13,179 8,270 .￿1 85621 26 Inw$tr#•n¢in¢om ¢vN¢rtyepr ¢￿￿TrIY￿r Trt41FuDdA PrhrY?pr ToWFurl Funds 2021 P4nk k￿réAtR8e*l￿ 519 The Ascension Trust Annual Report 2020 Icontlnuedl Tho A8con81on Trust DetaIl4dMa￿S1¥ t>f In¢omo andèxwndiiuTQ foTtheyear ended 31 Dec£mbtr2020 as ra4￿r￿d by the 8ORP 2015 27 OlhAr Income and llalns cu1￿￿*Ye￿r Uh[e&*￿ad RnBtrfcl•d FuM4* PTlorY¢ir TofilFuh Tot41 Funds cu1rènt￿r 2.078 othwlneoM4-EMpirymèntAltsw4ne• 4WOO Tots1oth￿lll￿rne 78 28 EMpindltVT• r)n ¢harftable aotlvldes.Dlrnd $p£ndlng G￿nly￿ar Cwr•nIy￿r P￿ye¥r T¢t•IF￿ To141F￿dI Culrgjityear Tr8wI and Sub#bténce.CharllaNe 2.459 1458 Rgbuild Barbuda Exp8n5eB Op6ratlOn Rts8torallon Expons MlyJlon Expenses Op9ratlon Sav*Jamalca 60.'40Youib Pr￿tr¢I Exptn¥88 Street Pastors PrayerPastorExpensÈ8 IOOD fl.620 3,C*lO 11,620 53.9$2 I?.￿7 450 72S 57.865 57*e5 Total dlrèctspèThdlrJg 76,121 139,78 Pr1¢rY￿r P4101Y￿r Pmvryèlli TotslFund Prforyoay Fund Fyr Rebulld Barbuda Expèhse8 OperAllon Rt$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$g 442 Tra1￿￿9 Expendltur 6.460 Llcgnce FBe Refund 38D Gr06swaggsand salarles. char￿￿￿1￿ Ir4(4ng actlvltlwo 24332 66.183 64,8e5 35 The Ascension Trust Annual Report 2020 {continuedl The Ascenslon Trust Do14118d analyslsof In(K>mg and exP0￿￿lI￿r￿fOr the yoar4Kd4d 21 J)gcember2120 os requlrgd by thb SORP 2015 Emplo￿￿$. 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¢tyWW41unMs￿ot1d. 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 U￿r￿t￿¢•d ds PrfDrYpHI R¢DIrf￿￿d ToWIFund• Tol￿F￿n￿ eurientYEar 2020 202 2020 201è A738 173$ Totsl 82È 73 Bre4kdownof er4ntsma￿et0￿r9AnlJ￿tl0Th1 Curr•nlyllnr CurT•lltpr cUrrnfflt￿r unrat￿￿1•d RoUrkt4d Fuh6x umtYo8r TolDIFMd¥ 2120 24U VolUbt¢¢rfnoWAIt•Y¥¢r•rt4 strdetPa$toisAr¢ 3.738 31 Support to?tsfortharfl¥bl• Cuw•nt￿t Cutient￿r PrlDrV&&t R￿trISt•d T4lalFyD Funds a¢tMtl&g ¢urrentYe8r Employ40 costs not Included In thr￿1 Ca6tG Cost of salarl&s Fechargèdtoolher rgan19ation9 SBlÈrles-Admln15tr&t1￿Stftff DeflThed cothfrlbutloD par6lon cost-admlnlslrallvostaff Employers. Nl.Admln19tratlvt st8flLlfè knSurar￿t 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. ￿p*n￿e$ 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￿ Int8T￿t Po$iau* Statlonoryond prlnllng Subscilpllotts Software licen096 expens08 Llabiiiiy and Insuranc• s￿ndry expenses Bad D&bl & oth£rwrlla Off Yravd & subslstohce Entthainmèht 382 612 1,372 331 067 2,199 1263 9fv38 17Y 1570 22 7,728 3,179 457 120 Prof¢gglon8lfeè$pald lo ad￿80￿ ￿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 314￿51 Total 8iVPOrt¢ost8-¢￿1Tgnt Ypor 213114 073 The b￿1$41#1￿)￿lUQtyQl¢ty1Its b91w¢￿ ￿￿¥￿11$ undirtcoounllwpDIIGles Curr£ntyBBr Gwtsnty Unrestdcw Wttthd Altsxywr Prtoryear 202 2419 EmployèeeostB not Included In dlrect costs S&lorlès-Admlnl$trallvg staff D&fined con1v1￿tIon panslon cost. Adrnlnlslra￿v4 staff Employ8r*' Nl.Adrnlnlstraii¥o staff Llfè R&cruttmeThlexp?n69S 1ÈÈ,875 21.DllO 209,875 S,ZO2 409 &611 17,yn 1,geo 317 11480 20 PrornIs￿ ExpBnsÈ# RateB water chxgeG Room Hlrè 2,197 22 1¢ 2,218 37 The Ascension Trust Annual Report 2020 Icontinuedl The Ascerhslon Trust Dolalled analygls of Int¥pmÈa￿d èmpendithrèfoiiht y&afetsdad 31 D8c4mb8r 20211 a* ro1￿1r4d by th6 SORP 2015 Llghthqa¢aft& pts￿r ClÈanlng and waste management Prem15e5 repatr6, reTrOw￿5 and malnlenanc9 PropBrty Inswan¢• io• 4,486 6JD 656 Adrnlnlstratl￿oveth￿d$ Talaphon8. faxand lThtern&t Poatage StslltsneryAnd 8ubscYlpllons 8offvRre Ilcences and exp2nses Liabllrfy ￿ntents Inswranre Sundry ￿P•h5@S Bad ￿bI & otherwrlte oft Tra￿1 &Gubslslence Entsrtalnmènt 6,516 6,582 1.372 2.906 545 14 28 2￿77 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 DepreCIa￿on & 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 bes￿0(8110￿1lon ofcoslB aetMIK IBd•1crt￿é und•ra¢counUng poxohs 32 Othèr ExpÉndltuM-Gov6rnanc4th)#t* ¢￿￿￿ty￿ CUtrthi￿ar Cutronlyoar PrfurY¢•i ToknlFwd Curr&ntYèar F￿d5 2120 2020 2420 1019 lJbdtyÈndènt ExamlnÈVs feex Lead Fe&s 3$ 35 q07 É35 44•7 AII gxpgndltU¥•ln the prtorygaTW4sunrg%lrfGtqd. 33 Total chodlab￿8xpe￿dlture Cthiilya Curtehtyoar PAorYoat T&4lFL¥*¥ UNqitylthd Fu#d8 R•51r Tot•lFurA• CurMn¢Y••r 2011 Tolèl dlrect SPèTr7dlng T￿a(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 TotsiÈhÉrttsblèèxpAndl￿￿ts 3*2,581 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 fvPorY*ar R4*trW*d prtorY* YètslFuhd Prforyear 2019 Total dSrecl spfrndlnu B2a Totsl Gh&dtsbtstradlng Y2b Total sthPPDrt ￿￿ts 2d Total Gov￿￿On¢• 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