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 

. 

## 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: 

- (a) To advance the Christian faith. 

- (b) To relieve sickness and financial hardship. 

- (c) To promote and preserve good physical, mental and emotional health. 

## This is achieved in the following ways: 

- . For the benefit of the public, transforming the direction of not only somebody’s night but somebody's life. 

- . Offering human contact which reduces social isolation and provides connection within communities. 

- . Strengthening and preserving good physical, mental and emotional health of communities. 

- . By the use of volunteers, influencing and giving power to individuals over own lives and communities. 

- . Building strong resilient communities. 

- . Building positive relationships with the police, Local Authority and those who wish to partner with the Trust to reduce the challenges which is faced by all communities. 

3 



## 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. 

- Anumber of new Street Pastors were added to the pool of Street Pastors serving UK during 2021. The individuals training were able to attend and complete their training through the Ascension Trust Online Training. The online training was launched in October 2020 with the hope of delivering training to all for Street Pastors, School, Leadership courses, Equality course and other bespoke training courses to both our Pastor's initiatives and to the public in general. 

- « New School Pastors trained online alongside Street Pastors in mental health, youth culture and listening skills in 2021. 

- Training events took place across the networks in the areas of Roles & Responsibilities, Refresher courses and School Pastors. 

4 



## 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 



‘ 

## 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. 

- e Five2Medics deliver projects and initiatives that ease the health burdens on systems, communities and individuals. 

- e We promote health, dismantle misinformation and protect wellbeing in response to societal challenges, inequities, disadvantage and deprivation. 

- e We deliver these initiatives in partnership with key stakeholders through Commissioning, Collaboration, Partnership and Enterprise. 

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. 

6 



## 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: 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Church|Communities|UK|St|Marks|Kennington|PCC|
|Christian|Life|Fellowship|Parochial|Church|Council|
|The|Jerusalem|Trust|New|Testament|Church|of|God|
|Micah|Christian|Rye|Lane|Baptist|Church|
|The|Apostolic|Church|Perry|Rise|Baptist|Church|
|Berrymead|Evangelical|Church|Mount|Zion|Community|Church|

**----- End of picture text -----**<br>


## Financial Review 

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


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


7 



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. 

. 

## 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: 

- i. Associated projects around the UK 

ii. Vulnerable people including young people 

iii. Individual Street Pastors 

iv. Financial procedures 

V. International development 

8 



## 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. 

9 



## 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 

10 



## 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: 

- e Prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 

- e Select suitable accounting policies and apply them consistently. 

- e Make judgements and estimates that are reasonable and prudent. 

- e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

- e State whether applicable accounting standards and statements of recommended practice had been followed, subject to any material departures disclosed and explained in the financial statements. 

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 

12 



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 



‘ 

## 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<br>Ref|Current year<br>Unrestricted|Current year<br>Restricted|Current year<br>Total Funds|PriorYear<br>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<br>Ref|PriorYear<br>Unrestricted|PriorYear<br>,<br>Restricted|||PriorYear<br>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. 

16 



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. 

18 



## 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|



20 



## 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.. 

21 



## 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. 


**----- Start of picture text -----**<br>
ApprovedTrusteeMR O LADEGA by the board oftrustees on .....f0........Q21 09/V0FAYae i } HN om ft<br>The notes attached on pages 22 to 42 form*an integral part of these accounts.<br>**----- End of picture text -----**<br>


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 


**----- Start of picture text -----**<br>
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


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 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


27 



## The Ascension Trust 

|Notes to the Accounts forthe yearended 31 December 2021<br>pare<br>Landand<br>rior<br>year<br>Buildings|Notes to the Accounts forthe yearended 31 December 2021<br>pare<br>Landand<br>rior<br>year<br>Buildings|Notes to the Accounts forthe yearended 31 December 2021<br>pare<br>Landand<br>rior<br>year<br>Buildings|Notes to the Accounts forthe yearended 31 December 2021<br>pare<br>Landand<br>rior<br>year<br>Buildings|Office<br>.<br>Equipment|Furniture&<br>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||||||
|||—<br>e<br>subsidiaries||Listed<br>investments|OtherClasses<br>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 <br>At 1 January 2021|December 2021<br>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<br>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<br>Unrestricted|Current year<br>Restricted|Current year<br>Total Funds|Prior Year<br>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 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


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 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Prior|Year|Prior|Year|Prior|Year|
|Unrestricted|Restricted|
|Funds|Funds|Total|Funds|
|2020|2020|2020|
|£|£|£|
|Prior Year|11,066|11,378|22,444|

**----- End of picture text -----**<br>




a 

## The Ascension Trust 

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

|||Currentyear<br>Unrestricted|Currentyear<br>Unrestricted|Currentyear<br>Restricted|Currentyear<br>Total Funds|PriorYear<br>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<br>Unrestricted<br>Funds||Current year<br>Restricted<br>Funds|Current year<br>Prior Year<br>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<br>Legacies|=,|395,509|30,640|426,149<br>169,584<br>tS||
||All the donationsand gifts in the prior|yearwere unrestricted.|||||
||'<br>Prioryear|Unrestricted<br>Funds||Restricted<br>Funds|PriorYear<br>Total Funds||
||||2020|2020|2020||
||||£|£|£||
||TotalDonations,Grantsand<br>Legacies|ad|445,773<br>23,808<br>henent||169,581<br>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<br>purposetrading||1,329|-|4,329|941|
||Managementfeesand charges received<br>Training Income||28,284<br>27,449|=<br>-|28,284<br>27,449|-<br>30,012|
||Closure Funds||4,597|-|4,597|1,549|
||TotalPrimarypurposeandancillary<br>trading|269,524<br>SS<br>SSEe||.<br>269,524<br>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<br>Unrestricted<br>Funds|Current year<br>Restricted<br>Funds|=Currentyear<br>Total Funds|PriorYear<br>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<br>subsidiaryentities||4086|:|apes|ee|
||Income from letting and licensing of<br>property fornoncharitable purposes||‘10270|=|10270|1078|
||Total from other activities|A3|18,662|-|18,662|29,591|
|25|Investment income||||||
||||Currentyear<br>Unrestricted<br>Funds|Currentyear<br>Restricted<br>Funds|Currentyear<br>PriorYear<br>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<br>Funds|Restricted<br>Funds|TotalFunds —TotalFunds||
||||2021|2021|2021|2020|
||||£|£|£|£|
||Insurance claims - Revenue items||57|—|57|608|
||Other Income Employment<br>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 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|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.|

**----- End of picture text -----**<br>


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<br>trading -Including movement instock|||442|||.|442||
|TrainingExpenditure|||6,460|||-|6,460||
|LicenceFeeRefund|||390|||-|390||
|Grosswagesandsalaries-charitable<br>trading activities<br>;<br>Employers NI -charitabletrading<br>activities|||19,851<br>3,636||36,332<br>-||56,183<br>3,636||
|Definedcontribution pensioncosts <br>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<br>Unrestricted||Current year<br>Restricted||Currentyear<br>Total Funds|PriorYear<br>TotalFunds|
|Current Year|||Funds||Funds||||
||||2021||2021||2021|2020|
||||£||£||£|£|
|Employee costsnotincludedin directcosts|||||||||
|Cost ofsalaries recharged to other<br>organisations|||1,707|||a|1,707|5,970|
|Salaries -Administrative staff|||125,468|||-|425,468|174,794|
|Defined contribution pension cost -<br>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<br>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<br>Funds||Restricted<br>Funds||Total Funds||
||2021||2021||2020||
||£||£||£||
|Employee costsnot includedin directcosts|||||||
|Costofsalaries recharged toother<br>aon<br>organisations||-|5,970||5,970||
|Salaries -Administrative staff|150,171||24,623||174,794||
|Defined contribution pension cost -<br>administrative staff||:<br>BEUS:||_<br>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<br>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 -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|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 -----**<br>


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

## 31 Other Expenditure - Governance costs 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|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 -----**<br>


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<br>Unrestricted<br>Funds|Currentyear<br>Restricted<br>Funds|Currentyear<br>Total Funds|PriorYear<br>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<br>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<br>costs|Support<br>costs||Grant<br>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<br>costs||Support<br>costs|||Grant<br>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<br>activities<br>activities|||
|||||||||2021|2020|
|||||||||£|£|
|Five2Medics||||||||76,345|800|
|Governancecosts|||||||Govemance —Governance<br>costs<br>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