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2021-12-31-accounts

Company Registration Number: 06751712

Charity Registration Number : 1127204

The Ascension Trust

Trustees Annual Report and Accounts

31 December 2021

ASCENSION TRUS T

The Ascension Trust

Report and accounts for the year ended 31 December 2021

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Contents

Page
Charity information 1
Trustees' Annual Report 2
Statement of directors' responsibilities 11
Independent Examiner’s Report 13
Funds Statements:
Statement ofFinancialActivities 15
Statement ofFinancial Activities - Prior Yearstatement 15
Income and Expenditure account 17
Cash Flow Statement 18
Balance sheet 21
Notestotheaccounts 23

The Ascension Trust Annual Report 2021 (continued)

Reference and Administrative Details

Trustees

Mr O Ladega, Chair Dr C C Ekhator Deputy Chair Rev L W Isaac OBE Mrs C Cato Mr T Mathias-Nwaulune Ms J Hedman Rev Angela Bacon Mr C J Voke

Secretary Mr A WH Crow

Chief Executive Officer: Rev L W Isaac

Principal Office: Alpha House Alpha Place, 158 Garth Road, Morden, Surrey SM4 4TQ

Bankers Royal Bank of Scotland Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN

Accountants & Independent Examiners Fred Lamptey & Co, Chartered Certified Accountants, 26 Felstead Way Luton, LU2 7LH

{

The Ascension Trust Annual Report 2021 (continued)

Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and Independent Examiner's report of The Ascension Trust (hereinafter called "AT") for the year ended 31 December 2021. This Report and the Accounts have been prepared to comply with the SORP FRS 102.

Structure, governance and management

AT is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association adopted on the ist January 2009. It has no share capital and the liability of each member in the event of winding-up is limited to £10. Prior to this, AT was a charitable trust but converted to a Charitable Company limited by guarantee due to the rapid expansion of the Trust.

Recruitment and appointment of trustees

AT is run by a board of directors which comprises eight directors (Trustees). The Trustees are both Trustees of the Charity and Directors of the Company. Where there is a need for new Trustees, these would be identified and appointed by the current Trustees.

Organisational Structure

At present, the eight Trustees come from a variety of professional backgrounds, each relevant to the activities of the charity. The Board of Trustees meets at least four times a year, receiving reports from the Chief Executive Officer (CEO) who currently is also a Trustee about the activities of the charity through its various projects set out below. The day-to-day management of the organisation is shouldered by a staff team, headed by the CEO. Such day-to-day management is supervised by the CEO and a Senior Management Team (SMT) that includes the Operations Director, the Legal & Policy Officer and a volunteer legal consultant, the Company Secretary. The SMT receives regular reports (at least monthly) from the charity's in-house Accountant and serious consideration is given to the state of the charity's finances with appropriate reports being made to the Board of Directors for decisions to be made for the continuing financial viability of the charity. The remuneration of the paid SMT members is reviewed annually by the Board of Trustees who takes into consideration the level of pay accorded to people in similar positions within the Third Sector. The charity wholly owns its subsidiary trading company, Ascension Commercial Ltd, of which the CEO is also a Director. The principal business of the trading subsidiary is the supply of uniforms to Street Pastors, School and College Pastors, Rail Pastors, and Response Pastors together with merchandise that promotes the work of the charity through its various initiatives.

Induction and training of trustees

The chair of Trustees is responsible for the induction of any new Trustee. This involves awareness training of a Trustee's duties and responsibilities, the governing document, administrative procedures, as well as the history and ethos of the charity. A new Trustee will also receive a copy of the charity's governing document and the previous year's annual report and a copy of the Charity Commission leaflet ‘The Essential Trustee: What You Need to Know’.

2

The Ascension Trust Annual Report 2021 (continued)

Public benefit

AT has a number of schemes in operation which actively serve the public, namely Street Pastors, Response Pastors, School and College Pastors, Urban Youth Mission, Rail Pastors, the 60/40 Youth Project, the Synergy Network, 2gether1, AT Beacon Project and the Oyibi Project. More details are provided below.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Objectives and activities

The principal objective of AT concerns the advancement of the community through outreach and training. Each year the trustees review the objectives and activities to ensure that they continue to reflect our aims. During this review, the trustees consider the Charity Commission’s guidance on public benefit.

The aims of AT as set out in the charity's Memorandum of Association are summarised as follows:

This is achieved in the following ways:

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The Ascension Trust Annual Report 2021 (continued)

AT has demonstrated its power and ability to mobilise communities and build positive relationships with its partners, particularly the Police and Local Authorities and churches that together we call ‘The Urban Trinity’.

As set out below (Achievements and Performance), the charity aims to ensure and increase the safety of communities in the night-time economy, safety outside schools and colleges, to prevent suicides on train stations, to support and counsel those traumatised by national tragic events, engaging young people in positive community activities rather than gang-related violence and drawing out the enormous potential that young people have to impact their peers and the wider community for good, building solidarity and cooperation between charities, community agencies, the police and local authorities in addressing all the above issues. More details are given in the "Achievements and Performance" section below.

Volunteers

Volunteers perform a key task on behalf of AT. They are therefore central to meeting the aims and objectives of AT. It would be impossible to deliver our mission without them. At present, there are approximately 14,000 trained volunteers in England and Wales working for local charities operating under the AT umbrella as Street Pastors, School and College Pastors, Rail Pastors and Response Pastors. AT aims to sustain and increase its volunteer base. AT aims, through its social action initiatives, to train individuals for relevant and informed interaction at local, national and international levels.

Achievements and performance

Training

AT through its social action initiatives aims to train individuals for relevant and informed interaction at local, national and international levels.

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The Ascension Trust Annual Report 2021 (continued)

Projects

Street Pastors

Street Pastors are trained volunteers who patrol the streets between the hours of 10pm and 4am (although this varies in some areas according to local needs). At present there are approximately 260 local initiatives up and down the country and more internationally. (Website: www.streetpastors.org.uk )

Response Pastors

Response Pastors deliver help to those who are traumatised by major disasters at events such as terrorist attacks, crashes and other incidents. Past events where Response Pastors have offered support included the London Bridge terrorists attack.

School and College Pastors

As of 31 December 2021, there were 35 initiatives in the UK. School Pastors meet students at the school gate, at the bus stop and go into schools with a caring and listening ear, ready to help staff in encouraging young people who are hurting and vulnerable. (Website: www.schoolpastors.org.uk )

Urban Youth Mission

This typically involves taking a group of young people away for a week where they can be inspired, share fellowship with each other, develop gifts and talents, grow and stay connected to God. . It was not possible to hold a mission this year.

Rail Pastors

Rail Pastors help to patrol on platforms and like Street Pastors they listen, care and help, thereby reducing risk maintaining the safety and wellbeing of the travellers.

60/40 Youth Project

Working in partnership with the Lambeth Methodist Circuit and the London City Mission, this project equips young people in the Borough of Lambeth to realise their full potential and develop as responsible members of their community. Two full time youth workers are working within the church and wider community to equip and empower young people to play their part in community life.

The Synergy Network

AT leads this network bringing together organisations and individuals to work collaboratively to address knife and gun crime. Currently working in London, relationship is key as together we are stronger. The Synergy Network brings all voices to the table so that we unite behind one cry to bring peace and hope back to our streets and community. In the past, AT was instrumental in organising a Rally in Trafalgar Square, “Standing Together’, bringing together church leaders and families of those who had been traumatised by the loss or injury of young people through knife crime, calling for a united Church response to this troubling, persistent problem.

Overseas Mission

This year, AT was unable to organise the annual mission to Ghana (see also Oyibi Project below.)

5

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The Ascension Trust Annual Report 2021 (continued)

Oyibi Project

Situated in Greater Accra region, Ghana, Oyibi is working with exploited young women. Due to the covid-19 restriction, AT was unable to send a team for the annual overseas social action mission to enable people to share their skills for the benefit of others and to encourage a love for God’s global Kingdom.

2Gether1

AT ran a course for churches in the UK to encourage and enrich married couple relationships in all phases of marriage.

Breathe

Breathe provides training and retreats for school teachers and sessions took place in the course of this year.

Five2Medics

Building wellness and resilience in communities facing challenges, disadvantage and requiring support, Five2Medics aim to improve lives and to reduce the impact of physical, psychological and social issues.

Since the disproportionate impact of COVID 19 on those from ethnic minorities backgrounds became apparent, Five2Medics have gathered at speed an expanding coalition of doctors, nurses, mental health workers, counsellors, social care professionals and allied health care workers to address the impact of the COVID 19 pandemic on those from ethnic minorities communities during the pandemic and beyond.

One of its main projects is The ATBeacon Project working currently across Lambeth, Lewisham and Southwark, having Health and Well-being Hubs, providing access to trusted sources on health and well-being. The ATBeacon Project supports people to make healthy choices, provides mental health and peer support, and facilitates education and webinars for churches, faith groups and local communities. (website: www.atbeaconproject.org )

Principal funding sources

Although we generate income by way of donations from the public and churches, the principal funding source for the charity are contributions from its various initiatives (including Street Pastors Initiatives) in the form of licence fees. The licence fee income, when compared to the previous years has reduced. However, we would like to thank our initiatives who, notwithstanding their stressed financial circumstances, continue to contribute to the central funds so that AT can maintain its services to the whole network.

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The Ascension Trust Annual Report 2021 (continued)

This financial year has been a very difficult one with the coronavirus pandemic resulting in many of the Street Pastor and School/College Pastor initiatives ceasing much of their activity for large parts of the year due to the Government lockdown regulations. AT was helped substantially since April 2020 to September 2021 with the Government Job Retention (furlough) scheme whereby a significant proportion of staff salaries were paid by the Government.

Also, the Board rand its Finance Sub-Committee remains vigilant in their commitment to the work of AT, seeking to identify new opportunities to increase revenue and to review fundraising options.

We acknowledge and thank all those individuals, churches, and companies, who have supported the work of Ascension Trust in the past years through their kind donations of funds, advice and time.

Our specific thanks to the following organisations:

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Financial Review

The charity's financial position at the end of the year ended 31 December 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |£|cS| |Net|expenditure(income)|295,792|16,666| |Unrestricted|Revenue|Funds|available|for| |the|general|purpose|of the|charity|776,673|466,742|

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The Ascension Trust Annual Report 2021 (continued)

Restricted Revenue Funds 52,119 66,258
TotalFunds 828,792 533,000

Reserves

The Management and Trustees examined the charity's requirements for reserves in the light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by AT is not less than 12 months of expenditure. This will allow AT to function properly, even if there is a significant downturn in income in the present economic circumstances. As at 31 December 2021, Ascension Trust had free reserves, being unrestricted funds not designated for a specific purpose, totalling £776,673 (2020: £466,742). This represents about 16 months of expected overhead expenditure.

The Management and Trustees acknowledge the significant shortfall of its target level and plan to continue to build reserves through operating surpluses and targeted funding applications. In the short term, the Management and Trustees have also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.

Investment policy and objectives

To date there has been very little financial headroom to consider any significant long-term investment opportunities. The Senior Management Team and Trustees remain active in exploring ways to improve the returns on cash reserves.

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Major risks and management of those risks

The CEQ, along with the directors, routinely examines the business, reputation and operational risks when preparing strategic plans and budgets, and when considering forthcoming projects. In particular, AT is aware of the risks involved in working with its various constituencies, including:

ii. Vulnerable people including young people

iii. Individual Street Pastors

iv. Financial procedures

V. International development

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The Ascension Trust Annual Report 2021 (continued)

The SMT reviews the financial position of the charity on a monthly basis with the in house Accountant. The CEO seeks to raise funds in the many meetings he has across the UK. The Accountant regularly chase local Street Pastor initiatives for the payment of licence fees. The Board of Trustees receives financial reports at each of their meetings and will advise the CEO of strategies that need to be undertaken to address potential shortfalls in income. The Board of Trustees is aware of the pattern of the plateauing of licence fee income from the longer established Street Pastor initiatives. The CEO and members of the SMT regularly speak to the coordinators and Chairs of the Management Teams and, where necessary and possible, meet with local initiatives to stimulate growth through fresh outworking of local charitable objectives.

A careful watch is kept upon the use of uniforms by local initiatives to ensure no undermining of AT’s reputation or brands. Furthermore, AT carries out regular Quality Assurance Reviews with local initiatives, particularly where concerns arise in dealings between AT anda local initiative.

The Refresher courses address the key issue of safety on the streets for all our Street Pastors and School and College Pastor initiatives.

Plans for future periods

AT will continue all its projects listed in the section above "Achievements and Performance — Projects" seeking, where the demand is expressed by local churches, to grow the number of Street Pastor initiatives nationally and internationally and School and College Pastor initiatives throughout the UK. Particular work will be continued to grow the 60/40 Youth Project, the Synergy Network and Five2Medics.

Further training of Response Pastors will be undertaken. AT will continue to provide online training for new Street Pastors and School Pastors nationally and internationally.

The Board of Trustees and the SMT will work with the AT Prayer Representatives to grow prayer for all its projects.

Disclosure of information to Independent Examiner

Each trustee has taken steps that they ought to have taken asa trustee in order to make themselves aware of any relevant independent examination information and to establish that the charity's independent examiner is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the independent examiner is unaware.

Support

Having read this Report, please consider supporting the work of AT. Through our various projects, we are addressing key issues affecting our society today and the number of years that we have been operating is testimony to the effectiveness of our projects and methods of working. There is still much work to be done and your support will be invaluable to our contributing our part in improving the lives of young people and the wider community.

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The Ascension Trust Annual Report 2021 (continued)

Please contact us on 020 8333 2809 or by email at finance@ascensiontrust.org.uk to make a donation or set up a standing order.

‘ O The annual report was approved by the trustees of the charity on 22/09 |, signed on its behalf

Rev L W Isaac Chief Executive Officer and Trustee

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The Ascension Trust Annual Report 2021 (continued)

Statement of the Directors Trustees’ Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1* January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the

11

The Ascension Trust Annual Report 2021 (continued)

Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees’ report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, the report is consistent with the figures disclosed in the financial statements.

Method of preparation of accounts - small company provisions

The financial statements are set out on pages 14 to 42.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1% January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime. Approved by the trustees of the charity on 22-)04) 2 4] :90 r%and signed on its behalf by:

Rev L W Isaac Chief Executive Officer and Trustee

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The Ascension Trust Annual Report 2021 (continued)

Independent Examiner's Report to the trustees of The Ascension Trust

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 14 to 42. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants.

Respective responsibilities of trustees and examiner

As the charity's trustees of The Ascension Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of The Ascension Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of The Ascension Trust as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

13

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The Ascension Trust Annual Report 2021 (continued)

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,

Fred ee ee Fred Lamptey & Co ; Chartered Certified Accountant & Independent Examiner 26 Felstead Way Luton, LU2 7LH

oat. 23/0222

14

The Ascension Trust - Statement of Financial Activities for the year ended 31 December 2021

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2021, as required by the Companies Act 2006)

SORP
Ref		 Current year
Unrestricted		 Current year
Restricted		 Current year
Total Funds		 PriorYear
TotalFunds
Funds Funds
2021 2021 2021 2020
£ & £ £
Income & Endowments
from:
Donations & Legacies Al 395,509 30,640 426,149 169,581
Charitable activities A2 269,521 - 269,521 210,242
Othertrading activities A3 18,662 - 18,662 29,591
Investments A4 339 - 339 411
Other A5 57 - 57 4,608
Total income A 684,088 30,640 714,728 414,433
Expenditure on:
Raising funds B1 76,345 - 76,345 800
Charitable activities B2 297,812 44,779 342,591 396,967
Total expenditure B 374,157 44,779 418,936 397,767
Netincome forthe year 309,931 (14,139) 295,792 16,666
Netincome aftertransfers A-B-C 309,931 (14,139) 295,792 16,666
Netmovement infunds 309,931 (14,139) 295,792 16,666
Reconciliation of funds:- E
Total funds broughtforward 466,742 66,258 533,000 516,334
Totalfundscarriedforward 776,673 52,119 828,792 533,000

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 22 to 42 form an integral part of these accounts.

15

The Ascension Trust - Statement of Financial Activities for the year ended 31 December 2021

The Ascension Trust - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref		 PriorYear
Unrestricted		 PriorYear
,
Restricted		 PriorYear
TotalFunds
Funds Funds
2020 2020 2020
£ £ £
Income & Endowments from:
Donations & Legacies Al 145,773 23,808 . 169,581
Charitable activities A2 210,242 - 210,242
Othertrading activities A3 29,591 - 29,591
Investments A4 411 - 411
Other AS 4,608 - - 4,608
Total income A 390,625 23,808 414,433
Expenditure on:
Raising funds B1 800 - 800
Charitable activities B2 312,582 83,211 396,967
Other B3 - - - -
Taxon surpluson ordinary activity B3 - - -
Other taxation B3 - - -
Total expenditure B 313,382 83,211 397,767
Netgains on investments B4 & 2 %
Netincome forthe year 77,243 (59,403) 16,666
Transfers between funds c - - -
Netincome aftertransfers 77,243 (59,403) 16,666
Netmovement infunds 77,243 (59,403) 16,666
Reconciliation of funds:- E
Total funds brought forward 389,497 126,833 516,334
Totalfundscarriedforward 466,740 67,430 533,000

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses."

The notes attached on pages 22 to 42 form an integral part of these accounts.

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The Ascension Trust - Statement of Financial Activities for the year ended 31 December 2021

The Ascension Trust - Resources applied in the year ended 31 December 2021 towards fixed assets for Charity use:-

fixed assets for Charity use:-
2021 2020
£ £
Funds generated in theyearas detailed in theSOFA 295,792 16,666
Resourcesappliedonfunctionalfixedassets (7,076) -
Other applications offunds - -
Netresourcesavailabletofundcharitableactivities 288,716 16,666

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 22 to 42 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 December 2021

Revenue accumulated funds

Unrestricted Restricted Total Lastyear
Funds Funds Funds Total Funds
2021 2021 2021 2020
£ £ £ £
Accumulated funds brought forward 466,742 66,258 533,000 516,334
Recognised gainsandlosses before 309,931 (14,139) 295.792 16,666
transfers
776,673 52,119 828,792 533,000
Closing revenue funds 776,673 52,119 828,792 533,000
Summary of funds Unrestricted Restricted Total LastYear
and Funds Funds Total Funds
Designated funds
2021 2021 2021 2020
£ £ £ £
Revenueaccumulatedfunds 776,673 52,119 828,792 533,000

The notes attached on pages 22 to 42 form an integral part of these accounts.

17

The Ascension Trust - Statement of Financial Activities for the year ended 31 December 2021

The Ascension Trust

Income and Expenditure Account for the year ended 31 December 2021 as required by the Companies Act 2006

2021 2020
£ £
Income
Income from operations 714,332 409,414
Investmentincomeand interest
receivable 339 411
Other operating income 57 4,608
Gross income in the year before exceptional items 714,728 414,433
Gross income in theyear including exceptional items 714,728 414,433
Expenditure
Charitable expenditure, excluding depreciation and amortisation 329,567 383,494
Depreciation and amortisation 8,902 8,399
Fundraising costs 76,345 800
Governance costs 3,531 3,635
Interest payable 591 1,439
Realised losses on disposals ofsocial investments which areprogramme related - -
Total expenditure in the year 418,936 397,767
Net income before tax in thefinancial year 295,792 16,666
Taxon surplus on ordinary activities - -
Net income aftertax in the financial year 295,792 16,666
Retained surplus forthe financial year 295,792 16,666
Allactivitiesderivefromcontinuingoperations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 22 to 42 form an integral part of these accounts.

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The Ascension Trust

Cash Flow Statement for the year ended 31 December 2021

2021 2020
£ £
Cash flows from operating activities
Net cash provided by operating activities asshown below A 232,231 49,465
Cash flows from investing activities
Interest received 339 411
Purchase ofproperty, plantand equipment (7,076) -
Net cash provided by investing activities B (6,737) 411
Cash flows from financing activities
Repayment ofamounts borrowed (4,733) (71,728)
Cash inflows from new borrowings - 50,000
Net cash provided by financing activities Cc (4,733) (21,728)
Overall cash provided by all activities A+B+C 220,760 28,148
Cash movements
Change in cashandcash equivalentsfrom activities inthe
yearended 31 December2021 220,760 28,148
Cash and cash equivalents at 1 January2021 285,148 257,000
Change in cash and cash equivalents due to exchange ratemovements movements - -
Cashatbankandinhandlessoverdraftsat31December 505,908 285,148

19

The Ascension Trust

Cash Flow Statement for the year ended 31 December 2021 The Ascension Trust

Cash Flow Statement for the year ended 31 December 2021 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities 291,792 16,666
Adjustments for :-
Depreciation charges 8,902 8,399
Write downs of investments - -
Net unrealised losses on investment assets - -
Dividends, interest and rents from investments (339) (411)
Increase in debtors (53,661) 3,701
Increase/Decrease in creditors, excluding loans (14,463) 21,110
Net cash provided by operating activities A 232,231 «49,465
Analysis of cash and cash equivalents
2021 2020
£ £
Cash in hand at forthe year ended 31 December 2021 505,908 285,148
Notice deposits - (lessthan 3 months) z =
Totalcashandcashequivalents 505,908 285,148

The Ascension Trust

Cash Flow Statement for the year ended 31 December 2021 - Continued

Analysis of change in net debt

Atstart Cash Atend
ofyear Flows and ofyear
Cash 285,148 220,760 505,908
220,760 220,760
Loans falling due within one year (5,000) (5,648) (10,648)
Loans falling due after more than one year (45,000) 10,381 (34,619)
Total 235,148 225,493 175,493

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The Ascension Trust - Balance Sheet as at 31 December 2021

SORP
Note Ref 2021 2020
£ £
Fixed assets A
Tangible assets 8 A2 226,069 227,895
Investments held as fixed assets 9 A4 1 1
Total fixed assets 226,070 227,896
Current assets B
Debtors 10 B2 206,529 148,868
Cash at bank and in hand B4 505,913 285,149
Total current assets 712,442 434,017
Creditors: amounts falling due within
one year 11 C1 (75,101) (83,916)
Netcurrent assets 637,341 350,104
863,411 578,000
Net assets
Creditors: amounts falling due aftermore
than one year 12 C2 (34,619) (45,000)
The total net assets ofthe charity 828,792 533,000
The total netassets ofthe charityarefunded bythefunds ofthe charity, asfollows:-
Restricted funds
Restricted Revenue Funds 17 D2 52,119 66,258
52,119 66,258
Unrestricted Funds
Unrestricted Revenue Funds 17 D3 776,673 466,742
776,673 466,742
Designated Funds
Totalcharityfunds 828,792 533,000

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

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The Ascension Trust - Balance Sheet as at 31 December 2021

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 13.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies’ regime.

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ApprovedTrusteeMR O LADEGA by the board oftrustees on .....f0........Q21 09/V0FAYae i } HN om ft
The notes attached on pages 22 to 42 forman integral part of these accounts.
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22

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective ist January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after ist January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after ist January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Presentation Currency

The financial Statement are prepared in £ which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues, As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.

Policies relating to categories of income and income recognition.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

The Ascension Trust Notes to the Accounts for the year ended 31 December 2021

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred asa liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for asa liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred,

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that itis probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If itis doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised whena legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Support and overhead costs are allocated between fundraising activities and charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of a charity. Support costs, overhead costs and any shared direct costs are apportioned between activities as follows:-

Staffing - on the basis of time spent in connection with any particular activity.

Other support costs, overheads and shared direct - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 4.

Policies relating to assets, liabilities and provisions and other matters.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.

Investments in subsidiaries, associates are measured at cost less impairment.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. Leasehold premises 2 % straight line Plant and machinery 15 % straight line Motor vehicles 20 % reducing balance

A regular annual review of the likelihood of asset impairment is undertaken.

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using effective interest method.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Net surplus before tax in the financial year

2 Net surplussurplus before tax in the financial year
2021 2020
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation ofowned fixed assets 8,902 8,399
Pension costs 3,987 5,149
3 Interest payable 2021 2020
£ ie
Bankinterestpayable 591 1,439

4 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

5 Staff costs and emoluments

Salarycosts 2021 2020
= £
Gross Salaries excluding trustees and key management personnel 188,819 236,947
Employer's National Insurance for all staff 15,025 19,230
Employer's operating costs ofdefined
contribution pension schemes 3,987 5,149
Totalsalaries,wagesandrelatedcosts 207,831 261,326

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|average|number|of|part|time|staff employed|in|the|year was|3|1| |The|average|number of|full-time|staff employed|in|the|year was|7|11| |The|estimated|full|time|equivalent|number|of|all|staff employed|in|the|year was|8|11| |The|estimated|full|time|equivalent number of all staff employed as|above|8|11|

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Ascension Trust's key management personnel is the member of the Senior Management Team who is considered the organisation's visionary and driver. The total employment costs (including the on costs) of the key management personnel is £37,471.62 (2020 £42,542.25).

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

6 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

Any liabilities and assets associated with the scheme are shown under debtors and creditors.

7 Remuneration and payments to Trustees and persons connected with them

Under the authority of the governing document, the CEO (who is also a Trustee) was paid a salary for his role as CEO, The amounts paid are fully disclosed in note 5,

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

8 Tangible fixed assets

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||||||||| |---|---|---|---|---|---|---|---| |Current Year|Land|and|Office|Furniture &|raRt| |Buildings|Equipment|Fitting| |£|£|£|£| |Cost| |At|1|January|2021|283,476|39,638|4,609|327,723| |Additions|-|7,076|-|7,076| |At|31|December|2021|283,476|46,714|4,609|334,799| |Depreciation| |At|1|January|2021|67,923|27,918|3,987|99,828| |Charge|for|the|year|5,670|3,109|124|8,903| |At|31|December|2021|73,593|31,027|4,111|108,731| |Net|book|value| |At|31|December 2021|209,883|15,687|498|226,069| |At|31|December|2020|215,553|11,720|622|227,895|

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27

The Ascension Trust

Notes to the Accounts forthe yearended 31 December 2021
pare
Landand
rior
year
Buildings		 Notes to the Accounts forthe yearended 31 December 2021
pare
Landand
rior
year
Buildings		 Notes to the Accounts forthe yearended 31 December 2021
pare
Landand
rior
year
Buildings		 Notes to the Accounts forthe yearended 31 December 2021
pare
Landand
rior
year
Buildings		 Office
.
Equipment		 Furniture&
Fitting		 Total
£ £ £ £
Cost
02 January 2020 283,476 39,638 4,609 327,723
31 December 2020 283,476 39,638 4,609 327,723
Depreciation
02 January 2020 62,253 25,344 3,832 91,429
Charge for the year 5,670 2,574 155 8,399
31 December 2020 67,923 27,918 3,987 99,828
Net book value
31 December 2020 215,553 11,720 622 227,895
01 January 2020 221,223 14,294 777 236,294
9 Investments held as fixed assets
—
e
subsidiaries		 Listed
investments		 OtherClasses
ofInvestment		 Total
£ s L £
Carrying values of investments
At 1 January 2021 1 - - 4
At 31 December 2021 1 - z 4
Analysis between fairvalue and historical cost
Investments as above held at fair value 4 - - 4
10 Debtors
2021 2020
£ £
Trade debtors 46,027 19,728
Amounts owed by group undertakings and undertakings in which the
charity has a participating interest 80,070 67,695
Prepayments and accrued income 65,517 54,728
Other debtors 14,915 6,717
206,529 148,868

28

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

11 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 10,648 5,000
Accruals for grants payable 30,084 43,087
Trade creditors 17,182 12,849
Accruals 4,812 10,637
PAYE, NICVAT and other taxes 4,314 3,594
Other creditors 8,061 8,749
75,101 83,916
12 Creditors: amounts falling due after one year 2021 2020
£ €
Bank loans and overdrafts 34,619 45,000
13 Assets of the charity charged to meet its liabilities 2024 2020
£ £
Government Bounce Back Loan
At the Balance Sheet date, the amount secured is estimated to be 45,267 50,000
14 Incomeand Expenditure account summary 2021 2020
£ £
At 1 January 2021 533,000 516,334
Surplus after tax for the year 295,792 16,666
At31December2021 828,793 533,000

15 No related party transactions

There were no transactions with related parties in the year, except with regard to a trustee remuneration and trustee expenses which are fully disclosed in notes 5 above.

16 Particulars of how particular funds are represented by assets and liabilities

At31 December2021 Unrestricted Designated Restricted Total
funds funds funds Funds
£ £ £ £
Tangible Fixed Assets 226,069 - - 226,069
Investments at valuation: -
Fixed asset investments 1 - - 1
Current Assets 660,330 §2,112 712,442
Current Liabilities (75,101) - - (75,101)
Long Term Liabilities (34,619) - - (34,619)
776,680 - 52,112 828,792

29

The Ascension Trust

Notes to theAccounts forthe yearended 31
At 1 January 2021		 December 2021
Unrestricted		 Designated Restricted Total
funds funds funds Funds
£ £ 4 £
Tangible Fixed Assets 227,895 - - 227,895
Investments at valuation: -
Fixed asset investments 1 - - 1
Current Assets 367,762 - 66,255 434,017
Current Liabilities (83,916) - - (83,916)
Long Term Liabilities (45,000) - - (45,000)
466,742 - 66,255 533,000
17 Change in total funds overthe yearasshown in Note 16 , analysed by individual funds
Fundsbrought Movementin Transfers Fundscarried
forwardfrom funds in 2021 between forward to
2020 funds in 2021 2022
See Note 18 See Note 0
£ £ £ £
Unrestrictedanddesignated funds:-
Unrestricted Revenue Funds 466,742 309,931 - 776,673
Total unrestricted and designated funds 466,742 309,931 - 776,673
Restricted funds:-
Operation Save Jamaica 1,358 360 - 1,718
Operation Restoration (1,320) - - (1,320)
60:40 Methodist Project (178) 178 - -
Jerusalem Trust 10,486 (113) - 10,373
Other restricted funds 55,912 (14,564) - 41,348
Total restricted funds 66,258 (14,139) - 52,119
Total charityfunds 533,000 295,792 - 828,792
18 Analysis ofmovements in funds overtheyear as shown in Note 17
Other
Income Expenditure Gains& Movement
Losses in funds
2021 2021 2021 2021
£ £ £ £
Unrestrictedand designated funds:-
Unrestricted Revenue Funds 684,088 (374,157) - 309,931
Restricted funds:-
Operation Save Jamaica 1,875 (1,515) - 360
Operation Restoration 11,772 (11,772) - «=
60:40 Methodist Project 6,174 (5,996) - 178
Jerusalem Trust - (113) - (113)
SynergyNetwork 10,819 (10,819) - -
Other restricted funds - (14,564) - (14,564)
714,728 (418,936) ~ 295,792

30

The Ascension Trust

Notes to the Accounts for the year ended 31 December 2021

19 The purposes for which the funds as Unrestricted and designated funds:These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. This fund represents the unrestricted surplus arising on the revaluation of Unrestricted Revaluation Reserve the charity's assets. Restricted funds:F i Restricted This fund represents the restricted surplus arising on the revaluation of the Revaluation Reserve charity's assets. Operation Save Jamaica is the umbrella body that operates Street Pastor Operation Save Jamaica initiatives in Jamaica under a Master Operator Agreement with Ascension Trust. Operation Restoration Christian School is a school in Trench Town, Operation Restoration Kingston, Jamaica which Ascension Trust has partnered with to raise funds towards the school's running costs. The 60/40 Youth Project is an initiative of Ascension Trust based in the 60:407 - - London Borough of Lambeth in partnership with the Methodist Church and Methodist Project London City Mission. The project has been established to care for, equip and empower young people in the borough of Lambeth. Jerusalem Trust JerusalemAscension TrustTrust which providedtackles funding youth for theviolence Synergy Networkand knife crime.initiative of Other restricted: funds Restricted funds from previous projects The Synergy Network is the initiative of Ascension Trust together in association with South London Church Fund & Southwark Diocesan Board of Finance, London City Mission and Churches Together in Britain & Synergy Network Ireland, The aim is to tackle and impact in a positive manner on the levels of violence and societal dysfunction, to help vulnerable individuals and benefit society.

20 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of thetobe companya member.in the event of its being wound: up while he or she is a member, or within one year after he or she ceases

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

This analysis is classified by conventional nominal descriptions and not by[activity.]

21 Donations, Grants and Legacies

Donations, Grants and Legacies
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2021 2021 2021 2020
£ € £ £
Donations and glfts from individuals
Donations and gifts from Individuals 16,190 - 16,190 16,377
Donations and gifts Non Gift Aidable 15,257 - 15,257 12,874
Oyibi Project 3,615 - 3,615 7,440
Operation Restoration - 11,772 11,772 11,620
Operation SaveJamaica - 1,875 1,875 810
Covid-19 Appeal 152 - 152 2,103
Five2Medics - General 2,525 - 2,525 1,275
Donations >5k -Church CommunitiesUK 45,000 . 45,000 .
TeeeaemaaTres
individuals		 52,739 13,647 66,386 52,499

All the donations and gifts in the prior year were unrestricted.

Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis

Prior Year PriorYear PriorYear
Unrestricted Restricted Total Funds
Funds Funds
2020 2020 2020
£ £ £
Prioryear 40,069 12,430 52,499
Current year
Unrestricted		 Current year
Restricted		 Current year
Total Funds		 Prior Year
Total Funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Legacies receivable
Legacies - “ - 41,000
Totallegaciesreceivable - . - 11,000

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

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|||||||||| |---|---|---|---|---|---|---|---|---| |Current year|Currentyear|Currentyear|Prior Year| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Revenue|grants|from|government|and| |public|bodies| |Small|grants|individually|less|than £1000|.|.|.|.| |HMRC|Job|Retention|Scheme|35,461|-|35,461|68,047| |Five2Medics - South|East London|clinical|428,782|.|428,782|.| |Commissioning|Group| |Five2Medics|- London Borough|of Lambeth|61,964|e|61,964|P| |Five2Medics|-London|Borough|of Lewisham|52,779|.|52,779|=| |Volunteering|Matters|Grant|-|-|-|8,539| |Total|public|sector|revenue|grants|314,983|-|314,983|76,586| |Current year|Currentyear|Currentyear|Prior Year| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Revenue|grants|and|donations|from|non| |public|bodies| |Church|Donations|8,131|-|8,131|7,224| |Other|Donations|9,247|-|9,247|3,842| |60:40|Projects|-|6,174|6,174|11,378| |Synergy|Network|Project|-|10,819|10,819|-| |Total|private|sector|revenue|grants|17,378|16,993|34,371|22,444|

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All the grants in the prior year were unrestricted. Revenue grants and donations from non public bodies (Include Gift Ald donations from subsidiaries) - Prior Year analysis

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||||||| |---|---|---|---|---|---| |Prior|Year|Prior|Year|Prior|Year| |Unrestricted|Restricted| |Funds|Funds|Total|Funds| |2020|2020|2020| |£|£|£| |Prior Year|11,066|11,378|22,444|

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a

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

Currentyear
Unrestricted		 Currentyear
Unrestricted		 Currentyear
Restricted		 Currentyear
Total Funds		 PriorYear
Total Funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Gift Aid
GiftAid Receivable 40,409 - 10,409 6,552
Total Gift Ald 10,409 . 10,409 6,552
Current year
Unrestricted
Funds		 Current year
Restricted
Funds		 Current year
Prior Year
Total Funds —TotalFunds
2021 2021 2021 2020
£ £ £ £
Mission Income
General Mission Fs F: rs 500
Total Mission Income : - - 500
Total Donations, Grants and Legacies
TotalDonations,Grantsand
Legacies		 =, 395,509 30,640 426,149
169,584
tS
All the donationsand gifts in the prior yearwere unrestricted.
'
Prioryear		 Unrestricted
Funds		 Restricted
Funds		 PriorYear
Total Funds
2020 2020 2020
£ £ £
TotalDonations,Grantsand
Legacies		 ad 445,773
23,808
henent		 169,581
ent
22 Incomefrom charitable activities - Trading Activities
Currentyear Current year Current year Currentyear PriorYear
Unrestricted Restricted Total Funds Total funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Primarypurpose and ancillary trading
Licence Fee 207,862 - 207,862 177,740
Ancillary trading in supportofprimary
purposetrading		 1,329 - 4,329 941
Managementfeesand charges received
Training Income		 28,284
27,449		 =
-		 28,284
27,449		 -
30,012
Closure Funds 4,597 - 4,597 1,549
TotalPrimarypurposeandancillary
trading		 269,524
SS
SSEe		 .
269,524
Ee		 240,242

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

23 Total Income from charitable activities Total Income from charitable activities
Current year Currentyear
Unrestricted
Funds		 Current year
Restricted
Funds		 =Currentyear
Total Funds		 PriorYear
Total Funds
2021 2021 2021 2020
£ £ z £
Totalincome from charitable trading 269,521 = 269,521 210,242
Total from charitable activities A2 269,521 : 269,521 210,242
24 Incomefrom other, non-charitable, trading activities
Currentyear Current year Currentyear PriorYear
Unrestricted Restricted TotalFunds—‘TotalFunds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Income from fundraising events 826 - 826 41,868
Non-charitable trading activities of
subsidiaryentities		 4086 : apes ee
Income from letting and licensing of
property fornoncharitable purposes		 ‘10270 = 10270 1078
Total from other activities A3 18,662 - 18,662 29,591
25 Investment income
Currentyear
Unrestricted
Funds		 Currentyear
Restricted
Funds		 Currentyear
PriorYear
Total Funds —TotalFunds
2021 2021 2021 2020
£ £ £ £
Bank Interest Receivable 339 - 339 411
Total investment Income A4 339 - 339 411
26 Otherincome and gains
Current year Current year Current year Prior Year
Currentyear Unrestricted
Funds		 Restricted
Funds		 TotalFunds —TotalFunds
2021 2021 2021 2020
£ £ £ £
Insurance claims - Revenue items 57 — 57 608
Other Income Employment
Allowance		 = =] . 4,000
TotalotherIncome A5 57 - 57 4,608

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

27 Expenditure on charitable activities - Direct spending

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|||||||||| |---|---|---|---|---|---|---|---|---| |Current|year|Current|year|Current|year|Prior|Year| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Current|Year|Funds|Funds| |2024|2021|2021|2020| |£|£|£|£| |Travel and Subsistence - Charitable|ogee| |Activities|-|.|°|z| |Rebuild|Barbuda|Expenses|-|-|-|3,000| |Operation|Restoration|Expenses|-|11,772|11,772|11,620| |Synergy|Expenses|-|392|392|-| |Operation|Save|Jamaica|.|1,515|4,515|450| |60:40|Youth|Project|Expenses|-|2,933|2,933|725| |Street|Pastors|53,825|-|53,825|57,865| |Prayer Pastor|Expenses|E|5|2|40| |Total|direct spending|B2a|53,825|16,612|70,437|76,129| |All|the expenditure|in|the|prior year was|unrestricted.|,| |Prior|Year|Prior|Year|Prior|Year| |Unrestricted|Restricted|Total|Funds| |Prior|Year|Funds|Funds| |2020|2020|2020| |£|£|£| |Travel|and|Subsistence|- Charitable|Dans|=|2,459| |Activities| |Rebuild|Barbuda|Expenses|-|3,000|3,000| |Operation|Restoration|Expenses|-|11,620|11,620| |Operation|Save|Jamaica|-|450| |60:40|Youth|Project|Expenses|-|725| |Street|Pastors|57,865|57,865| |Prayer|Pastor Expenses|10|-|10| |Total|direct spending|B2a|60,334|14,620|76,129| |28|Expenditure on|charitable|activities|- Charitable trading| |Current year|Currentyear|Currentyear|Prior Year| |Unrestricted|Restricted|Total|Funds|Total Funds| |Current|Year|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Cost|of goods|for primary|purpose| |trading|- Including movement in stock|=|.|a|Me| |Training|Expenditure|14,696|-|14,696|6,460| |Licence|Fee|Refund|-|-|-|390| |Gross wages and|salaries|- charitable| |trading|[activities]|HUA|36,590:|25,05:054|61,644:|56,183x| |Employers’|NI|-|charitable|trading| |activities|1,552|2,253|3,805|3,636| |Defined contribution|pension costs|-| |charitable|trading|activities|=|i|ide|oe)| |Total|charitable|trading|costs|B2b|53,846|27,563|81,409|67,392| |All|the|expenditure|in|the|prior year was|unrestricted.|

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36

The Ascension Trust

Detailed analysis ofincomeand expenditurefortheyearended 31 expenditurefortheyearended 31 expenditurefortheyearended 31 December2021 December2021 2021 as requiredbythe 2021 as requiredbythe 2021 as requiredbythe
SORP 2015
Prior Year Prior Year Prior Year
Unrestricted Restricted Total Funds
Prior Year Funds Funds
2020 2020 2020
£ £ £
Costofgoodsforprimarypurpose
trading -Including movement instock		 442 . 442
TrainingExpenditure 6,460 - 6,460
LicenceFeeRefund 390 - 390
Grosswagesandsalaries-charitable
trading activities
;
Employers NI -charitabletrading
activities		 19,851
3,636		 36,332
-		 56,183
3,636
Definedcontribution pensioncosts
charitable trading activities		 - 281 . 281
Total charitable trading costs B2b 31,060 36,332 67,392
29 Expenditureon charitable activities-Grantfunding ofactivities
Current year Current year Currentyear PriorYear
Unrestricted Restricted Total Funds Total Funds
Current Year Funds * Funds
2024 2021 2021 2020
£ £ £ £
Grantsmadetoorganisations - - - 3,738
Total grantmaking costs B2c - - - 3,738
30 Supportcosts forcharitable activities
Current year
Unrestricted		 Current year
Restricted		 Currentyear
Total Funds		 PriorYear
TotalFunds
Current Year Funds Funds
2021 2021 2021 2020
£ £ £ £
Employee costsnotincludedin directcosts
Cost ofsalaries recharged to other
organisations		 1,707 a 1,707 5,970
Salaries -Administrative staff 125,468 - 425,468 174,794
Defined contribution pension cost -
administrative staff		 3,346 = S46 4,868
Employers’ NI -Administrative staff 11,220 - 11,220 15,594
Life Insurance 593 7 600 1,635
Volunteer costs
Volunteers’ expenses 265 - 265 579
Premises Expenses
Rates andwatercharges 2,109 26 2,135 3,147
Rent /Service charge 1,012 42 1,024 720
Lightheatandpower 5,228 64 5,292 5,186
Cleaning and waste management 669 8 677 41,363
Premises repairs, renewals and
fiainiteharos		 2,267 28 2,295 317
Propertyinsurance 1,154 14 1,168 974
Administrative overheads
Telephone, faxand internet 7,852 95 7,947 6,362
Postage 178 2 180 439
Stationeryand printing 674 8 682 324
Subscriptions 593 7 600 332
of

'

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

Software licences and expenses 5,537 67 5,604 6,066
Liability and contents insurance 2,058 25 2,083 2,199
Sundry expenses 422 5 427 1,283
Bad Debt&vother write off : * - 4
Travel & Subsistence 682 8 690 462
Entertainment 32 - 32 121
Recruitment Expenses 295 - 295 -
Professionalfeespaidto advisorsotherthan theauditoror orexaminer
Professional fees 360 4 364 364
Consultancy fees 692 8 700 300
Financial costs
Bank charges 2,885 35 2,920 2,833
Depreciation&Amortisation in total for 8,728 174 8,902 8,399
Bank interestpayable 584 7 591 1,439
Supportcosts before reallocation 186,610 604 187,214 246,073
Total support costs -CurrentYear 186,610 604 487,214 246,073
The basis ofallocation ofcosts between activities is described under accounting policies -
Current year Current year PriorYear
PriorYear Unrestricted
Funds		 Restricted
Funds		 Total Funds
2021 2021 2020
£ £ £
Employee costsnot includedin directcosts
Costofsalaries recharged toother
aon
organisations		 - 5,970 5,970
Salaries -Administrative staff 150,171 24,623 174,794
Defined contribution pension cost -
administrative staff		 :
BEUS:		 _
ans		 FBOS
Employers’ NI -Administrative staff 14,632 962 15,594
Life Insurance 1,619 16 41,635
Premises Expenses
Rates andwatercharges 3,116 31 3,147
Rent/Servicecharge 713 7 720
Light heatandpower 5,134 52 5,186
Cleaning andwaste management 1,349 14 41,363
Premises repairs, renewals and
maintenance		 sit 2 St
Property insurance 964 10 974
Administrative overheads
Telephone,faxandinternet 6,298 64 6,362
Postage 435 4 439
Stationeryand printing 321 3 324
Subscriptions 329 3 332
Software licences and expenses 6,005 61 6,066
Liabilityand contents insurance 2,177 22 2,199
Sundry expenses 1,270 13 4,283
Travel & Subsistence 457 5 462
Entertainment 120 1 121

38

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Professional fees paid|to|advisors| |Professional|fees|360|4|364| |Consultancy|fees|297|3|300| |Financial|costs| |Bank charges|2,805|28|2,833| |Depreciation & Amortisation|in|total for|8,315|84|8,399| |Bank|interest|payable|4,425|14|1,439| |Support costs|before reallocation|213,815|32,259|246,073| |Total|support|costs|-|Prior Year|213,815|32,259|246,073|

----- End of picture text -----

The basis of allocation of costs between activities is described under accounting policies

31 Other Expenditure - Governance costs

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Current|year|Currentyear|Current year|Prior|Year| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Current|Year|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Independent|Examiner's|fees|1,800|-|1,800|3,600| |Legal|Fees|314|-|314|35| |Professional|&|Consultancy|Fee|1,417|“|4,417|-| |Total|Governance|costs|3,531|.|3,531|3,635| |All|the|expenditure|in|the|prior year was|unrestricted.| |32|Total|Charitable|expenditure| |Current|year|Current|year|Current|year|Prior|Year| |Current|Year|UnrestrictedFunds|RestrictedFunds|Total Funds|Total Funds| |2024|2021|2021|2020| |£|£|£|£| |Total|direct|spending|B2a|53,825|16,612|70,437|76,129| |Total|charitable|trading|costs|B2b|53,846|27,563|81,409|67,392| |Total grantmaking|costs|B2c|-|-|.|3,738| |Total support costs|B2d|186,610|604|187,214|246,073| |Total|Governance|costs|B2e|3,531|-|3,534|3,635| |Total|charitable|expenditure|B2|297,812|44,779|342,591|396,967| |Prior Year|Prior Year|Prior|Year| |Prior|Year|UnrestrictedFunds|RestrictedFunds|Total Funds| |2020|2020|2020| |£|£|£| |Total|direct spending|B2a|60,334|44,620|76,129| |Total|charitable trading|costs|B2b|31,060|36,332|67,392| |Total|grantmaking|costs|B2c|3,738|-|3,738| |Total|support costs|Bad|213,815|32,259|246,073| |Total|Governance|costs|B2e|3,635|-|3,635| |Total|charitable|expenditure|B2|312,582|83,211|396,967|

----- End of picture text -----

33 Expenditure on raising funds and costs of investment management

39

The Ascension Trust

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

Current Year Currentyear
Unrestricted
Funds		 Currentyear
Restricted
Funds		 Currentyear
Total Funds		 PriorYear
TotalFunds
2021 2021 2024 2020
£ £ £ £
Five2Medics 76,345 - 76,345 800
Totalfundraisingcosts B1 76,345 - 76,345 800

All the expenditure in the prior year was unrestricted.

40

The Ascension Trust

Activity analysis of Income and expenditure for the for the year ended 31 December 2021

This analysis is classified byactivityand notbyconventional This analysis is classified byactivityand notbyconventional This analysis is classified byactivityand notbyconventional nominal descriptions. nominal descriptions. nominal descriptions.
34 Analysis ofincome by activity
SOFA ref 2021 2020
£ -
Activity
Income from charitable activities
Training 27,449 30,012
Other Primary Purpose Trading 4,329 941
Pastors Projects 212,458 179,290
Other charitable activities 28,284 -
Total Income from charitable
activities A2 269,521 210,242
Income from other, non charitable, trading activities
Fundraising activities 826 4,868
Non charityTrading Activity 1 17,836 27,723
Total Incomefrom other, non
charitable, trading activities		 A3 18,662 29,594
Summaryof Total Income, including the items above
Charitable activities A2 269,521 210,242
Other activities A 18,662 29,591
Donations& Legacies Ai 426,149 169,581
Investment income A4 339 441
Other income AS 57 4,608
Total income as shown in the SOFA A 714,728 414,433
Categories ofincome
Income from exchange transactions 714,728 414,433
35 Analysis ofcharitable expenditure by activity
Activity
Direct
costs		 Support
costs		 Grant
fundingof		 Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
Training
Charitable trading costs 14,696 - - 14,696 6,460
Employee costs not included in direct cos - 14,021 - 14,021 18,441
Volunteer costs - 26 - 26 58
Premises expenses - 378 - 378 234
Administrative overheads - 556 - 556 362
Professional fees - 32 - 32 13
Financial costs - 372 - 372 253
Total Training 14,696 15,385 - 30,081 25,811

The Ascension Trust

Activityanalysis of Income and expenditure for Activityanalysis of Income and expenditure for the forthe year ended 31 December 2021 ended 31 December 2021 ended 31 December 2021
Direct Support Grant
costs costs funding of Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
OtherPrimaryPurpose Trading
Charitable trading costs 623 - - 623 442
Employee costs not included in direct cos - : : - 33
TotalOtherPrimaryPurposeTrading 533 : ; 6a =
Direct Support Grant
costs costs funding of Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
Pastors Projects
Direct costs 53,825 - - 53,825 60,334
Charitable trading costs 19,899 - - 19,899 60,490
Employee costs not included in directcos - 126,605 - 126,605 156,440
Volunteercosts - 238 - 238 486
Premises expenses . 12,062 - 12,062 11,004
Administrative overheads - 17,763 - 17,763 16,536
Professional fees - 1,019 . 1,019 624
Financial costs - 11,824 - 11,824 11,912
Grantmaking costs : - - - 3,738
Total Pastors Projects 73,724 169,511 - 243,235 321,564
Direct Support Grant
costs costs funding of Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
Restricted Charitable activities
Direct costs 16,612 - - 16,612 15,795
Charitable trading costs 13,309 - - 13,309 -
Employee costs not included in directcos - 1,714 - 1,714 16,833
Premises expenses - 151 - 151 117
Administrative overheads - 223 - 223 176
Professional fees - 13 - 13 7
Financial costs - 217 - 217 127
Total Restricted Charitable activities 29,921 2,318 E 32,239 33,055
Direct Support Grant
costs costs funding of Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
Othercharitable activities
Charitable trading costs 32,882 - - 32,882 11,114
Volunteer costs - - - - 35
Premises expenses - - = - 361
Administrative overheads - - - - §28
Professional fees - - - - 20
Financial costs - - - - 380
Total Othercharitable activities 32,882 t”~<ts~=i‘WSC«;BBQ 12,428

42

The Ascension Trust

Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021 Activityanalysis ofIncome and expenditure forthe forthe yearended 31 December2021
Summary of charitable costs by activity
Direct
costs		 Support
costs		 Grant
funding of		 Total Total
activities
2021 2021 2021 2021 2020
£ £ £ £ £
Total Training 14,696 15,385 - 30,081 25,811
Total Other Primary Purpose Trading 623 - - 623 475
Total Pastors Projects 73,724 169,511 - 243,235 321,564
Total Restricted Charitable activities 29,921 2,318 - 32,239 33,055
Total Other charitable activities 32,882 - - 32,882 12,428
Total Governance costs as detailed in
- S051 - 3,050
Note 31 3,531
Total charitable expenditure 151,846 190,745 - 342,591 396,967
The basis ofallocation ofcosts between activities is described under accounting policies
The breakdown ofthis expenditure by type ofspending (ienominal classification) is detailed in note 32
Analysis ofsupport and governance costs by charitable activities
Governance Finance Human Other Total
Activity Resources Overheads
Training - 372 14,047 966 15,385
Pastors Projects 3,531 11,824 126,843 30,844 173,042
Restricted Charitable activities - 217 1,714 387 2,318
Grand Total 3,531 12,413 142,604 32,197 190,745
Summary of grant making byactivity
Grants to Grants to Support
institutions individuals costs Total Total
2021 2021 2021 2021 2020
£ £ £ £ £
Pastors Projects - - - - 3,738
Fuller details ofgrants made and related costs, including support costs, are shown in note 29,
36 Analysis ofnon charitable expenditure byactivity
Fundraising activities Fundraising —_Fundraising
activities
activities
2021 2020
£ £
Five2Medics 76,345 800
Governancecosts Govemance —Governance
costs
costs
2021 2020
= £
Other Expenditure - Governance costs as detailed in Note 31 3,531 3,635
Total non-charitable expenditure - 2021 2020
£ £
Total costs ofFundraising activities 76,345 800
Totalnon-charitableexpenditure 76,345 800

36 Analysis of non charitable expenditure by activity