Company Registration Number : 06751712 

Charity Registration Number : 1127204 

## The Ascension Trust 

## Trustees Annual Report and Accounts 

## 31 December 2022 

ASCENSION TRUS Tr 



## The Ascension Trust 

Report and accounts for the year ended 31 December 2022 

## Contents 


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||||||
|---|---|---|---|---|
|Page|
|Charity|information|1|
|Trustees’|Annual|Report|2|
|Statement of directors’|responsibilities|10|
|Independent|Examiner’s|Report|12|
|Funds|Statements:|
|Statement of Financial Activities|14|
|Statement of Financial Activities|-|Prior|Year statement|15|
|Income|and Expenditure|account|17|
|Cash|Flow Statement|18|
|Balance sheet|21|
|Notes|to the|accounts|23|

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




## The Ascension Trust 

## Reference and Administrative Details 

## Trustees: 

Mr O Ladega, Chair 

Dr CC Ekhator Deputy Chair 

Reverend LW Isaac OBE 

Mrs C Cato 

Mr T Mathias-Nwaulune 

Ms J Hedman 

Reverend A M Bacon 

Mr CJ Voke (resigned 4 October 2022) 

## Secretary: Mr AWH Crow 

Chief Executive Officer: Mr Bejoy Pal 

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

The charity is incorporated in England and Wales. 

Company Registration Number 06751712 Charity Registration Number 1127204 Independent Examiner: Fred Lamptey & Co, Chartered Certified Accountants, 26 Felstead Way Luton, LU2 7LH 

1 



The Ascension Trust 

## 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 2022. 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 1st 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 bya 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, Finance Manager, Office Manager and a volunteer legal consultant, the Company Secretary. The SMT receives regular reports (at least monthly) from the Finance Manager 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, Schoo! 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 

## 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, Oyibi Project, Five2Medics and The Beacon 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. 

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’. 

3 



## The Ascension Trust 

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. 

## 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 230 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. They were last deployed for the Queen’s lying in state and funeral. 

4 



The Ascension Trust 

## School and College Pastors 

As of 31 December 2022, 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, the London City Mission and the Jerusalem Trust, 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. 

## Overseas Mission 

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

## Oyibi Project 

Situated in Greater Accra region, Ghana, Oyibi is working with exploited young women. No overseas mission was possible this year. 

## Five2Medics/The AT Beacon Project 

Building wellness and resilience in communities facing challenges, disadvantage and requiring support, Five2Medics aim to improve lives, dismantle health inequalities and disparities 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. 

- ° 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. As the pandemic reduced, the work of Five2Medics has paused but the team have seen a big growth with the AT Beacon Project. 

5 



The Ascension Trust 

The AT Beacon Project is working currently across Lambeth, having Health and Well-being Hubs, providing access to trusted sources on health and well-being. The AT Beacon 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) Its work is anchored on the NHS Long Term Plan that states, ‘While we cannot treat our way out of inequalities, the NHS can ensure that action to drive down health inequalities is central to everything we do.’ The Project works closely with Lambeth Public Health and Impact on Urban Health; it operates a joint initiative with Alexander Rose Voucher Scheme providing a Fruit & Veg on Prescription scheme and works with a number of other organisations. A key objective of its work is to build trust in Black and other ethnic minority communities in Lambeth. 

## 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. 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 wherebya 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: 

## 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 

6 



## The Ascension Trust 

## Financial Review 

## The charity's financial position at the end of the year ended 31 December 2022 

The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows: 


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|||||||
|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Net (expenditure)/income|97,061|295,792|
|Unrestricted|Revenue|Funds|available for the|885,461|776,673|
|general|purposes|of the|charity|
|Restricted|Revenue|Funds|40,392|52,119|
|Total Funds|925,853|828,792|

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


## 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 2022, Ascension Trust had free reserves, being unrestricted funds not designated for a specific purpose, totalling £885,461 (2021: £776,673). This represents about 14 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. 

7 



The Ascension Trust 

## Major risks and management of those risks 

The CEO, 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 

i. Vulnerable people including young people 

iii. Individual Street Pastors 

iv. Financial procedures 

Vv. International development 

The SMT reviews the financial position of the charity on a monthly basis with the Finance Manager. The CEO seeks to raise funds in the many meetings he has across the UK. The Finance team 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 and a 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 AT Beacon Project. 

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. 

8 



The Ascension Trust 

## Disclosure of information to Independent Examiner 

Each trustee has taken steps that they ought to have taken as a 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. 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. 

The annual report was approved by the trustees of the charity on 26 Jos [2304 signed on its behalf by: 

Dr CC Ekhator Trustee 

9 



## The Ascension Trust 

## 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), . particular, the Companies Act 2006 and charity law require the Board of for Trustees to prepare financial statements 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: 

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

- © Select suitable accounting policies and apply them consistently. ° 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. 

- ¢ 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 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 

10 



## The Ascension Trust 

The financial statements are set out on pages 14 to 40. 

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 fy) 2 by the trustees of the charity on 26 eg) 23 «, signed on its behalf by: 

Dr CC Ekhator Trustee 

11 



## The Ascension Trust 

## 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 2022 which are set out on pages 14 to 43. The charity’s gross income exceeded £250,000 and lam 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’). 


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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)]. 

| 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. 

12 



The Ascension Trust 


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(<br>4 1<br>Fred Lamptey So be— ‘<br>Fred Lamptey & Co<br>Chartered Certified Accountant and Independent Examiner<br>26 Felstead Way<br>Luton,<br>LU2 7LH<br>**----- End of picture text -----**<br>


; 

Date: peg).e 

13 



## The Ascension Trust 

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2022, as required by the Companies Act 2006) 

, 

: 


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||||||||
|---|---|---|---|---|---|---|
|SORP|Current year|Current|year|Current|year|Prior Year|
|Ref|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|Income & Endowments|from:|
|Donations & Legacies|A1|393,509|41,303|434,812|426,149|
|Charitable|activities|A2|333,392|-|333,392|269,521|
|Other trading|activities|A3|36,282|-|36,282|18,662|
|Investments|A4|1,474|-|41,474|339|
|Other|AS|2,332|-|2,332|57|
|Total income|A|766,989|41,303|808,292|714,728|
|Expenditure|on:|
|Raising|funds|Bi|74,213|-|74,213|76,345|
|Charitable|activities|B2|583,988|53,030|637,018|342,591|
|Total expenditure|B|658,201|53,030|711,231|418,936|
|Net income for the year|108,788|(11,727)|97,061|295,792|
|Net income after transfers|A-B-C|108,788|(11,727)|97,061|295,792|
|Net movement in funds|108,788|(11,727)|97,061|295,792|
|Reconciliation|of funds:-|E|
|Total funds brought forward|776,673|$2,119|828,792|533,000|
|Total funds carried forward|885,461|40,392|925,853|828,792|

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


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 23 to 31 form an integral part of these accounts. 

14 



## The Ascension Trust 

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


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|||||||
|---|---|---|---|---|---|
|SORP|Prior Year|Prior Year|Prior Year|
|Ref|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|
|2021|2021|2021|
|£|£|£|
|Income & Endowments|from:|
|Donations &|Legacies|At|395,509|30,640|426,149|
|Charitable activities|A2|269,521|-|269,521|
|Other trading activities|A3|18,662|-|18,662|
|Investments|A4|339|-|339|
|Other|AS|57|-|-|57|
|Total|income|A|684,088|30,640|714,728|
|Expenditure|on:|
|Raising funds|Bi|76,345|-|76,345|
|Charitable activities|B2|297,812|44,779|342,591|
|Other|B3|-|-|-|-|
|Tax on surplus on ordinary|activiti|B3|-|-|-|
|Other taxation|B3|-|-|-|
|Total expenditure|B|374,157|44,779|418,936|
|Net gains on investments|B4|‘n|:|a|
|Net income for the year|309,931|(14,139)|295,792|
|Transfers between|funds|Cc|-|-|“|
|Net income after transfers|309,931|(14,139)|295,/92|
|Net movement|in funds|309,931|(14,139)|295,792|
|Reconciliation|of funds:-|E|
|Total funds brought forward|466,742|66,258|533,000|
|Total|funds carried forward|776,673|52,119|828,792|

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## All activities derive from continuing operations 

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

The notes attached on pages 23 to 31 form an integral part of these accounts. 

15 



## The Ascension Trust 

The Ascension Trust - Resources applied in the year ended 31 December 2022 towards fixed assets for Charity use:- 


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|||||||||
|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Funds generated|in the year as detailed|in the SOFA|97,061|295,792|
|Resources applied on functional fixed|assets|(3,433)|(7,076)|
|Other applications|of funds|-|*|
|Net resources|available|to|fund|charitable|activities|93,628|288,716|

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The notes attached on pages 23 to 31 form an integral part of these accounts. 

Movements in revenue and capital funds for the year ended 31 December 2022 

## Revenue accumulated funds 

. 


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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Last year|
|Funds|Funds|Funds|Total|Funds|
|2022|2022|2022|2024|
|£|£|£|£|
|Accumulated|funds|brought|forward|776,673|52,119|828,792|532,997|
|Recognised gains and|losses before|108,788|(11,727)|97,061|295,792|
|transfers|
|885,461|40,392|925,853|828,789|
|Closing|revenue funds|885,461|40,392|925,853|828,789|
|Summary|of|funds|Unrestricted|Restricted|Total|Last Year|
|and|Funds|Funds|Total|Funds|
|Designated funds|
|2022|2022|2022|2021|
|£|£|£|£|
|Revenue|accumulated|funds|885,461|40,392|925,853|828,789|

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The notes attached on pages 23 to 31 form an integral part of these accounts. 

16 



## The Ascension Trust 

The Ascension Trust Income and Expenditure Account for the year ended 31 December 2022 as required by the Companies Act 2006 

||2022|2021|
|---|---|---|
|Income|£|£|
|Incomefromoperations|804,486|714,332|
|Investmentincomeand interest|||
|Interest receivable<br>Otheroperatingincome|1,474<br>2,332|339<br>57|
|Gross incomeintheyearbeforeexceptionalitems|808,292|714,728|
|Grossincomeintheyearincludingexceptionalitems|808,292|714,728|
|Expenditure|||
|Charitable expenditure, excluding depreciationand amortisation<br>Depreciation and amortisation<br>Fundraising costs<br>Governance costs<br>Interestpayable<br>Realised losses ondisposalsofsocial investmentswhich areprogramme related|515,356<br>9,837<br>74,213<br>110,806<br>4,019<br>-|320,567<br>8,902<br>76,345<br>3,531<br>591<br>-|
|Total expenditure intheyear|711,231|418,936|
|Netincomebefore taxinthefinancialyear|97,061|295,792|
|Taxonsurplusonordinaryactivities|-|-|
|Netincomeaftertax inthefinancialyear|97,061|295,792|
|Retained surplus for the financial year|97,061|295,792|
|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 23 to 31 form an integral part of these accounts. 

17 



## The Ascension Trust 

## Cash Flow Statement for the year ended 31 December 2022 


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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Cash flows|from|operating|activities|
|Net cash|provided|by|operating|activities|as shown|below|A|171,213|232,232|
|Cash flows from investing activities|
|Interest received|1,474|339|
|Purchase|of property,|plant and equipment|(3,433)|(7,076)|
|Net cash provided by investing|activities|B|(1,959)|6,737)|
|Cash flows from financing activities|
|Repayment of amounts borrowed|(9,629)|(4,733)|
|Net cash|provided|by financing|activities|Cc|{9,629}|(4,733)|
|Overall cash|provided|by all|activities|AtB+C|459,625|220,762|
|Cash|movements|
|Change|in|cash|and|cash|equivalents from|activities|in|the|
|year ended 31|December 2022|159,625|220,762|
|Cash|and|cash equivalents|at|1|January 2022|505,913|285,149|
|Change|in cash|and|cash|equivalents|due|to|exchange|rate|movements|-|-|
|Cash|at bank and|in hand|less|overdrafts|at 31|December|————__866,539.  _|[505,913]|

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**----- Start of picture text -----**<br>
The Ascension Trust<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Cash Flow Statement for the year ended 31 December 2022<br>**----- End of picture text -----**<br>


## The Ascension Trust 

Cash Flow Statement for the year ended 31 December 2022 - Continued 


**----- Start of picture text -----**<br>
Reconciliation of net income to net cash flow from operating activities<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Net income as shown in the Statement of Financial Activities 97,061 295,792<br>Adjustments for:-<br>Depreciation charges 9,837 8,903<br>Write downs of investments ws &<br>Net unrealised losses on investment assets - -<br>Dividends, interest and rents from investments (1,474) (339)<br>Decrease in debtors 29,272 (57,661)<br>Increase in creditors, excluding loans 36,517 (14,463)<br>Net cash provided by operating activities A 174,213 ge vrs nn 29D 299<br>Analysis of cash and cash equivalents<br>2022 2021<br>£ £<br>Cash in hand at for the year ended 31 December 2022 665,538 505,913<br>Notice deposits - (less than 3 months) - “<br>Total cash and cash equivalents 665,534 505,913<br>**----- End of picture text -----**<br>




## The Ascension Trust 

Cash Flow Statement for the year ended 31 December 2022 The Ascension Trust 

Cash Flow Statement for the year ended 34 December 2022 - Continued 

Analysis of change in net debt 

|||||At start|Cash|Atend|
|---|---|---|---|---|---|---|
|Cash||||ofyear<br>505,913|Flowsand<br>159,625|ofyear<br>665,538|
|Loans<br>Loansfalling|fallingdue<br>fallingdue|duewithin<br>due|withinoneyear<br> aftermorethanoneyear|(10,648)<br>(34,619)|159,625<br>1,019<br>8,610|159,625<br>(9,629)<br>(26,009)|
|Total||||460,64€|169,254|123,987|





## The Ascension Trust - Balance Sheet as at 34 December 2022 

|||||SORP|||
|---|---|---|---|---|---|---|
|||Note||Ref|2022|2021|
|Fixed assets||||A|£|£|
|Tangible assets<br>Investments held asfixed assets||9<br>10||A2<br>A4|219,664<br>4|226,069<br>i|
|Totalfixedassets|||||219,665|226,070|
|Current assets||||B|||
|Debtors<br>Cashatbankand inhand||11||B2<br>B4|177,257<br>665,538|206,529<br>505,913|
|Total current assets|||||842,795|712,442|
|Creditors: amounts falling due within|||||||
|oneyear||12||C1|(110,599) *|(75,101)|
|Netcurrentassets|||||732,196|637,341|
|Net assets|||||951,861|863,411|
|Creditors: amounts falling due aftermore|||||||
|than oneyear|;|13.||C2|(26,009)|(34,619)|
|Thetotalnetassetsofthecharity|||||925,853|828,792|
|Thetotalnetassets ofthecharityarefunded|||bythefunds ofthecharity,asfollows:||||
|Restricted funds|||||||
|Restricted Revenue Funds||17||D2|40,392|62,119|
|Unrestricted Funds|||||40,392|52,119|
|Unrestricted Revenue Funds||17||D3|885,461|776,673|
|Designated Funds|||||885,461|776,673|
|Total charityfunds|||||925,853|828,792|
|The'SORP Ref indicated above is the classification ofBalanceSheet items as setout intheformalSORP<br>documents.Asrequiredbyparagraph4.60of theSORP, thebroughtforward andcarriedforwardfundsabove<br>havebeenagreedtotheSOFA..|||||||



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. 

21 



The Ascension Trust - Balance Sheet as at 31 December 2022 

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 12. 

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>
Dr C C Ekhator<br>Trustee 4.6<br>Approved by the board of trustees on OT 2023<br>**----- End of picture text -----**<br>


The notes attached on pages 23 to 31 form an integral part of these accounts. 

22 



## The Ascension Trust 

Notes to the Accounts for the year ended 31 December 2022 1 Accounting policies Policies relating to the production of the accounts, 


**----- Start of picture text -----**<br>
Basis of preparation and accounting convention<br>The accounts have been prepared on the accruals basis, under the historical cost convention, and in<br>accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP<br>(Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the<br>Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January<br>2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January<br>2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the<br>charity has prepared the financial Statements in accordance with the FRS 102 SORP (Statement of<br>Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin<br>issued in October 2018 and applicable to all accounting periods beginning on or after ist January 2019),<br>(The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn,<br>notwithstanding the fact that the extant Statutory regulations, the Charities (Accounts and Reports)<br>Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.<br>Presentation Currency<br>The financial Statement are prepared in £ which is the functional currency of the charity. Monetary amounts in these<br>financial statements are rounded to the nearest £.<br>**----- End of picture text -----**<br>


Policies relating to categories of income and income recognition. 

Nature of income Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. 

Categories of Income 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. 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 as a 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 as a 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 disclased as a contingent asset if receipt of the grant or donation is probable once those conditions are met. 

23 



## The Ascension Trust 


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|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|to|the|Accounts|for|the|year ended|34|December|2022|
|Where time|related|conditions|are imposed|or implied|by a|funder,|then the|income|is apportioned|to the|time|
|periods|concemed,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,|
|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.|
|Allocating|costs|to|activities|F|
|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 ofthe|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|Note5,|
|Policies relating|to assets,|liabilities and provisions|and other matters.|
|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.|
|Freehold|premises|2|%|straight|line|
|Office|Equipments|15|%|straight|line|
|Furnitures &|Fixtures|20|%|reducing|balance|

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


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

24 



. 

## The Ascension Trust 

- Notes to the Accounts for the year ended 31 December 2022 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. Fund Accounting 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. There are no designated funds. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There are no endowment funds. 

- 2 Significance of financial instruments to the charity's position 

The charity do not hold any financial instrument. 

- 3 Net surplus before tax in the financial year 


**----- Start of picture text -----**<br>
2022 2021<br>£ £<br>The net surplus before tax in the financial year is stated after charging:-<br>Depreciation of owned fixed assets 9,837 8,902<br>Trustees' remuneration 43,700 37,421<br>Pension costs 7,058 3,987<br>4 Interest payable 2022 2021<br>£ £<br>Bank interest payable 1,019 591<br>5 The contribution of volunteers<br>The charity depends on the support of its volunteers, which is much appreciated. The arrangements with<br>volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement<br>of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is<br>created by these arrangements.<br>6 Staff costs and emoluments<br>Salary costs 2022 2021<br>Gross La £<br>Salaries excluding trustees and key management personnel 342,024 188,819<br>Employer's National Insurance for all staff 35,143 15,025<br>Employer's operating costs of<br>defined contribution pension<br>schemes 7,058 3,987<br>Trustees' Remuneration as detailed in note 8 43,700 F<br>Other benefits paid to trustees, as detailed in note 8 57,092 s<br>Total salaries, wages and related costs 485.017 207,834<br>**----- End of picture text -----**<br>


25 



. 

## The Ascension Trust 

Notes to the Accounts for the year ended 31 December 2022 


**----- Start of picture text -----**<br>
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|average number|of|part time|staff employed|in|the|year was|8|3|
|The|average|number|of|full|time|staff employed|in|the|year was|9|7|
|The|estimated|full time|equivalent|number|of|all|staff employed|in|the|year was|413|8|
|The estimated equivalent number of full time staff deployed|in|different activities|in|
|the year was:-|13|
|Engaged|on|charitable|activities|7|8|
|Engaged|on|fundraising|activities|1|.|
|Engaged|on management|and|administration|6|-|
|The|estimated|full|time|equivalent number of all staff employed as above|412|8|
|The|details|of|remuneration|paid|to|trustees|is|shown|in|note|8|
|No employees employees|received|emoluments|(excluding|pension|costs)|in|excess|of £60,000 £60,000|per annum. annum.|
|Defined|contribution|pension|schemes|
|The|charity|operates|a|defined|contribution|pension|scheme,|the|costs|of which which|are|shown|above.|
|Any|liabilites|and|assets|associated|with|the scheme scheme|are|shown|under debtors and debtors and and|creditors.|
|Remuneration|and|payments|to|Trustees|and|persons|connected|with|them|
|2022|2021|
|£|£|
|Remuneration|payable|to|trustees|or connected persons|
|Rev|Les|Isaac|48,673|37,4214|
|Total|remuneration|43,700|37,421|
|The trustee|is tasked|with|the fund|raising|activities for the|charity.|The|Board|of Trustees|appointed|the|
|above named Trustee|to|source for funds and|acts|as the|charity|official|fundraiser for the continuity|of the|
|charity.|
|2022|2021|
|£|£|
|Fee paid|to|trustees|
|Dr Ekhator &|Associates|57,092|-|
|57,092|:|
|A|related|party|a trustee was|paid|for work done|as a GP|clinical|lead|for Ascension|Trust|new|initiative AT|Beacon|Project.|

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


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

- 7 Defined contribution pension schemes The charity operates a defined contribution pension scheme, the costs of which which are shown above. Any liabilites and assets associated with the scheme scheme are shown under debtors and debtors and and creditors. 

- 8 Remuneration and payments to Trustees and persons connected with them 

, 

26 



## The Ascension Trust 

Notes to the Accounts for the year ended 31 December 2022 9 Tangible fixed assets 

|Current Year||Land and<br>Office<br>Furniture&<br>a<br>Total<br>Buildings<br>Equipment<br>Fitting|
|---|---|---|
|Cost||£<br>£<br>£<br>£<br>£|
|At 1 January 2022<br>Additions<br>At31 December2022||283,476<br>46,714<br>4,609<br>334,799<br>334,799<br>-<br>3,433<br>-<br>3,433<br>3,433<br>otei<br>tiring —oreerreereemnengeasenmnsmnames<br>283,476<br>50,147<br>4,609<br>338,232<br>338,232<br>einen<br>ereitiinciiine ae emammue<br>SU Ieee|
|Depreciation|||
|At 1 January 2022<br>Chargeforthe year||73,592<br>31,027<br>4,111<br>108,730<br>108,730<br>§,670<br>4,093<br>75<br>9,838<br>9,838|
|At 31 December2022||79,262<br>35,120<br>4,186<br>118,568<br>118,568<br>OS<br>OS<br>118,868|
|Net book value|||
|At31 December2022||204,214<br>15,027<br>423<br>219,664<br>219,664<br>ne<br>hon<br>3.<br>Dd bch|
|g<br>Prior Year||Land and<br>i<br>i<br>Office<br>Furniture&<br>Total<br>Total<br>Buildings<br>Equipment<br>Fitting|
|Cost||£<br>x<br>£<br>&<br>E|
|01 January 2021<br>Additions||283,476<br>39,638<br>4,609<br>327,723<br>327,723<br>-<br>7,076<br>-<br>7,076<br>7,076|
|31 December 2021||eee<br>283,476<br>46,714<br>4,609<br>334,799<br>334,799<br>nect<br>dh<br>ck|
|Depreciation|||
|01 January 2021||67,922<br>27,918<br>3,987<br>99,827<br>99,827|
|Charge fortheyear||§,670<br>3,109<br>124<br>8,903<br>8,903|
||:|ii<br>i<br>eens|
|31 December2021||73,592<br>31,027<br>4,111<br>108,730<br>108,730<br>i<br>a<br>NNO,FO|
|Net book value|||
|31 December 2021||209,884<br>15,687<br>498<br>226,069<br>226,069<br>ee<br>cht<br>ok|



27 



|TheAscension Trust|TheAscension Trust|||||:|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Notes to the Accounts for the yearended 31 December|||2022||||||||
|10|Investments held as fixed assets||||||||||
|||Investments<br>in<br>subsidiaries||Listed<br>investnents|Other<br>Classes of<br>Investment||Total|Total|||
||||||£||£||£||
||Carrying values of investments||£|£|||||||
||At 1 January 2022||4|#|-||4|||4|
||At31 December2022||1|:|:||41|||4|
||Analysis between fairvalue and historical cost||||||||||
||Investments as above held at fairvalue||4|=|-||4|||1|
|11|Debtors||||||||||
||||||2022||2021||||
||Trade debtors<br>Amounts<br>owed by group undertakings and undertakings inwhichthe<br>has4 participating interest|||thecharity|£<br>-<br>99,644||£<br>46,027<br>80,070||||
||Prepaymentsand accrued income||||60,301||65,517||||
||Other debtors||||17,312||14,915||||
||||||177,257||206,529||||
|12|Creditors: amounts falling due within one year||||2022||2021||||
||||||£||£||||
||Bank loans and overdrafts||||9,629||10,648||||
||Accruals for grants payable||||62,740||30,084||||
||Trade creditors||||21,042||17,182||||
||Accruals||||5,196||4,812||||
||PAYE, NIC VAT and other taxes||||10,255||4,314||||
||Other creditors||||1,737||8,061||||
||||||140,599||75.404||||
|13|Creditors:amountsfallingdueafteroneyear||||a||aon||||
||Bank loans and overdrafts/Government Bounce|Back|Loan||26,009||34,619||||
|14|Income and Expenditure accountsummary||||2022||2021||||
||||||£||£||||
||At 1 January 2022||||828,792||533,000||||
||Surplus aftertax forthe year||||97,061||295,792||||
||At31December2022||||925,853||828,792||||




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


28 



## The Ascension Trust 

Notes to the Accounts for the year ended 31 December 2022 

## 15 Related party transactions 

There were trustee's related party transactions in the year which are fully disclosed in notes 8 above. 

Payments were made to Dr Ekhator & Associates which is a related party to one of the Trustees. 

|16|Particulars ofhow particularfunds are|represented by assets and liabilities|
|---|---|---|
||At31 December2022|Unrestricted<br>Designated<br>Restricted<br>_ Total<br>Total<br>funds<br>funds<br>funds<br>Funds<br>Funds|
||Tangible Fixed Assets<br>Investments at valuation:-|£<br>£<br>£<br>£<br>£<br>219,664<br>-<br>-<br>218,664<br>219,664|
||Fixed assetinvestments<br>CurrentAssets<br>Current Liabilities<br>LongTerm Liabilities|1<br>-<br>-<br>1<br>4<br>802,410<br>40,385<br>842,795<br>842,795<br>(110,599)<br>:<br>-<br>(110,599)<br>(110,599)<br>(26,009)<br>-<br>-<br>(26,009)<br>(26,009)|
|||eee|
|||885,467<br>-<br>40,385<br>-<br>$25,852<br>925,852<br>EE<br>ES BE|
||At 1 January2022|Unrestricted<br>Designated<br>Restricted<br>Total<br>Total<br>funds<br>funds<br>funds<br>Funds<br>Funds<br>£<br>£<br>£<br>=<br>£|
||Tangible Fixed Assets<br>Investments at valuation:-|226,069<br>-<br>=<br>226,069<br>226,069|
||Fixed asset investments|1<br>“<br>-<br>1<br>1|
||CurrentAssets|660,330<br>-<br>52,112<br>712,442<br>712,442|
||Current Liabilities|(75,101)<br>-<br>-<br>(75,101)<br>(75,101)|
||Long Term Liabilities|(34,619)<br>?<br>-<br>(34,619)<br>(34,619)|
|||iii|
|||776,680<br>.<br>52,112<br>828,792<br>828,792<br>Se<br>oflA|
|17|Change in total funds overthe year as shown in Note 16 , analysed by individual funds||
|||Funds<br>Movement in<br>Transfers<br>Funds<br>Funds|
|||brought<br>funds in 2022<br>between<br>carried<br>carried<br>forwardfrom<br>fundsin<br>forwardto<br>—_—forwardto|
|||2021<br>2022<br>2023<br>2023|
|||See Note 18|
|||£<br>£<br>£.<br>£<br>£|
||Unrestrictedand designated funds:-||
||Unrestricted Revenue Funds|776,673<br>108,788<br>-<br>885,461<br>885,461|
||Total unrestricted and designated funds|sacrr<br>ee<br>a<br>ce<br>776,673<br>108,788<br>-<br>885,464<br>885,464<br>ET<br>889,407|
||Restricted funds:-||
||Operation Save Jamaica<br>Operation Restoration<br>60:40 Methodist Project<br>Jerusalem Trust<br>Other restricted funds|1,718<br>340<br>-<br>2,058<br>2,058<br>(1,320)<br>-<br>-<br>(1,320)<br>(1,320)<br>=<br>(1)<br>2<br>(1)<br>(1)<br>10,373<br>-<br>-<br>10,373<br>10,373<br>41,341<br>(11,987)<br>-<br>29,354<br>29,354|
||SynergyNetwork|S<br>(79)<br>“<br>(79)<br>(78)|
||Total restricted funds|ee<br>52,119<br>(11,727)<br>-<br>40,392<br>40,392<br>Se a<br>Dil<br>ed<br>Sd|
||Total charity funds|ii<br>828,792<br>97,064<br>-<br>925,853<br>925,853<br>8S<br>849899|



17 Change in total funds over the year as shown in Note 16 , analysed by individual funds 

. 

29 



## The Ascension Trust 


**----- Start of picture text -----**<br>
Notes to the Accounts for the year ended 31 December 2022<br>18 Analysis of movements in funds over the year as shown in Note 17<br>Other<br>Income Expenditure Gains & Movement Movement<br>Losses in funds in funds<br>2022 2022 2022 2022 2022<br>Unrestricted and designated funds:- & £ £ £ £<br>Unrestricted Revenue Funds 766,989 (658,201) - 108,788 108,788<br>Restricted funds:-<br>Operation Save Jamaica 340 - . 340 340<br>Operation Restoration 9,956 (9,956) - . .<br>60:40 Methodist Project 14,746 (14,747) 2 (1) (1)<br>Other restricted funds sa (11,987) - (11,987) (11,987)<br>Synergy Network 16,261 (16,340) - (79) (79)<br>. 808,292 (711,231) : 97,064 97,061<br>The purposes for which the<br>19 funds as detailed in note 17 are<br>held by the charity are:-<br>Unrestricted and designated<br>funds:-<br>These funds are held for the meeting the objectives of the charity, and to<br>Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation,<br>are free from all restrictions on their use.<br>Unrestricted Revaluation This fund represents the unrestricted surplus arising on the revaluation of<br>Reserve the charity's assets,<br>Restricted funds:-<br>Restricted Fixed Asset Funds The‘Accounting purposeforof capital these fundsgrantsisand describedfixed asset underfunds’. the accounting policy<br>. | This fund represents the restricted surplus arising on the revaluation of<br>Restricted Revaluation Reserve the charity's assets,<br>Operation Save Jamaica initiativesOperation inSaveJamaica Jamaicaunderis thea MasterumbrellaOperatorbody  Agreementthat operateswithStreetAscensionPastor<br>Trust.<br>Operation Restoration Christian School is a school in Trench Town,<br>Operation Restoration Kingston, Jamaica which Ascension Trust has partnered with to raise<br>P funds towards the school's running costs.<br>The 60/40 Youth Project is an initiative of Ascension Trust based in the<br>60:40 London Borough of Lambeth in partnership with the Methodist Church and<br>Methodist Project London City Mission. The project has been established to care for, equip<br>and empower young people in the borough of Lambeth.<br>Jerusalem Trust AscensionJerusalem TrustTrust whichprovidedtacklesfundingyouthforviolencethe Synergyand knifeNetworkcrime.initiative of<br>**----- End of picture text -----**<br>


30 




**----- Start of picture text -----**<br>
The Ascension Trust<br>**----- End of picture text -----**<br>


Notes to the Accounts for the year ended 31 December 2022 ; ; 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 Synergy Network &Boardireland. of Finance,The aim Londonis to tackleCityand Missionimpact andin Churchesa positive Togethermanner onin theBritain levels of violence and societal dysfunction, to help vulnerable individuals and benefit society. 

## 20 Ultimate controlling party 


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


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 the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

31 



## The Ascension Trust 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Detailed|analysis|of income|and|expenditure|for the year ended|31|December 2022|as|required|by the|
|SORP|2015|
|This|analysis|is|classified by conventional|nominal descriptions|and not by activity.|
|21|Donations,|Grants|and|Legacies|
|Current|year|Current year|Current|year|Prior Year|
|Unrestricte|Restricted|Total|Funds|Total|Funds|
|d|Funds|Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|Donations|and|gifts|from|individuals|
|Donations and gifts from|Individuals|17,083|.|17,083|16,190|
|Donations|and|gifts Non|Gift Aidable|9.906|3|9,906|15,257|
|Oyibi|Project|4,190|-|4,190|3,615|
|Operation|Restoration|
|-|9.956|9.956|11.772|
|Operation|Save|Jamaica|_|340|340|1,875|
|Covid|Appeal|
|=|=|-|452|
|Five2Medics|- General|140|=|140|2,525|
|Donations >5k Church|Communities|
|UK|.|.|.|15,000|
|Totalindividualsdonations and gifts from|31,319|10,296|41,615|66,386|

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


i 

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 

: 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Prior|Year|Prior|Year|Prior|Year|
|Total|Funds|
|Unrestricte|Restricted|
|d|Funds|Funds|
|2021|2021|2021|
|£|z=|£|
|Donations|and|gifts|from|
|Individuals|16,190|16,190|
|Donations|and|gifts|Non|Gift|
|Aidable|15,257|15,257|
|Oyibi|Project|3,615|3,615|
|Operation|Restoration|14,772|14,772|
|Operation Save Jamaica|1,875|1,875|
|Covid Appeal|152|152|
|Five2Medics|-|General|2,525|2,525|
|Donations|>5k|Church|
|Communities|UK|15,000|15,000|
|Prior year|52,739|13,647|66,386|

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


32 



. 

## The Ascension Trust 


**----- Start of picture text -----**<br>
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Detailed|analysis|of income and|expenditure|for the year ended|31|December 2022|as|required|by the|
|SORP 2015|
|Current|Current|
|year|year|Currentyear|Prior Year|
|Unrestricte|Restricted|TotalFunds|Total|Funds|
|d|Funds|Funds|
|2022|2022|2022|2021|
|Revenue|grants|from|government|£|£|£|£|
|and|public|bodies|
|HMRC|Job|Retentin|Scheme|
|-|-|“|35,461|
|ATClinical BeaconCommissioning - South East LondonGroup|.|.|.|128,782|
|AT Beacon|London|Borough|of|
|Lambeth|230,963|-|230,963|61,961|
|ATTBBeacon|Impact|on|Urban|Healtht|
|108,000|.|108,000|36,000|
|AT Beacon|London|Borough|of|
|Lewisham|2,580|-|2,580|-|
|Five2Medics|-|-|.|52,779|
|Total|public|sector revenue|grants|341,543|-|341,543|314,983|
|Current|Current|
|year|year|Currentyear|Prior Year|
|Unrestricte|Restricted|Total|Funds|Total|Funds|
|d|Funds|Funds|
|2022|2022|2022|2021|
|£|£|£|&|
|Revenue|grants|and|donations|from|
|hon|public|bodies|
|Church Donations|4444|.|4,444|8,134|
|Other Donations|9,855|a|9,855|9,247|
|80:40|Projects|
|-|14,746|14,746|6,174|
|Synergy Network Project|-|16,261|46,264|40,819|
|Total|private|sector|revenue grants|14,296|31,007|45,303|34,374|
|All|the|grants|in|the|prior|year were|unrestricted.|
|Revenue|grants|and|donations|from|non|public|bodies|(Include|Gift Aid|donations|from|subsidiaries)|
|~|Prior Year|analysis|
|Prior Year|—— Prior Year|Prior Year|
|Unrestricte|Restricted|
|d|Funds|Funds|Total Funds|
|2021|2021|2021|
|£|£|£|
|Prior Year|17,378|16,993|34,371|

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




## The Ascension Trust 

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015 

||||Current|Current||||
|---|---|---|---|---|---|---|---|
||||year|year|Current year|PriorYear||
||||Unrestricte|Restricted|Total Funds|Total Funds||
||||d Funds|Funds||||
||||2022|2022|2022|2021||
||||£|£|£|£||
||Gift Aid|||||||
||GiftAidReceivable||6.351|.|6,384|10.408||
||Total GiftAid||6,351|~|6,351|10,409||
||Total Donations, Grants and Legacies|||||||
||TotalDonations,Grantsand = <br>Legacies|4,|393,509|44,303|A34,812|428,149||
||All the donations and gifts in the prioryearwere unrestricted,|||||||
||||Unrestricte<br>d Funds|Restricted<br>Funds|= PriorYear<br>Total Funds||,|
||Prioryear|||||||
||||2021|2021|2021|||
||||&|£|£|||
||TotalDonations, Grantsand<br>Legacies|A|395,509|30,640|426,149|||
|22|Income from charitable activities|- Trading|Activities||.|||
||Currentyear||Current<br>year|Current<br>year|Currentyear|PriorYear||
||||Unrestricte|Restricteq|Total Funds|= 'otai tun ds||
||||d Funds|Funds||||
||||2022|2022|2022|2021||
||||£|£|£|£||
||Primary purpose and ancillary trading|||||||
||Licence Fee<br>Ancillarytrading in support ofprimary<br>Management fees and charges<br>Training Income<br>Closure Funds||221,040<br>1,592<br>51,894<br>41,937<br>16,932|-<br>-<br>-<br>~<br>-|221,040<br>1,592<br>$1,891<br>41,937<br>16,932|207,862<br>4,329<br>28,284<br>27,449<br>4,597||
||.<br>d<br>g<br>TotalPrimarypurposeand ancillary<br>trading||ASRSS<br>333,392<br>.<br>333,392|||269,521||





## The Ascension Trust 

|Detailed analysis ofincomeandexpenditure fortheyearended31 <br>SORP 2015|Detailed analysis ofincomeandexpenditure fortheyearended31 <br>SORP 2015|Detailed analysis ofincomeandexpenditure fortheyearended31 <br>SORP 2015|Detailed analysis ofincomeandexpenditure fortheyearended31 <br>SORP 2015|Detailed analysis ofincomeandexpenditure fortheyearended31 <br>SORP 2015|December2022|2022as required bythe|2022as required bythe|
|---|---|---|---|---|---|---|---|
|23|Total Income from charitable activities|||||||
|||||Current|Current|||
|||||year|year|Current year|Prior Year|
||Currentyear||u|trict<br>nrestricte<br>d Funds|Restricted<br>estricte<br>Funds|Total Funds|Total Funds|
|||||2022|2022|2022|2021|
|||||£|£|£|£|
||Totalincomefromcharitable trading|||333,392|-|333,392|269,521|
||Totalfrom charitable activities|A2||333,392|:|333,392|269,521|
|24|Income from other, non charitable, trading||activities|||||
||||Current||Current|||
|||||year|year|Current year|PriorYear|
|||||||Total Funds|Total Funds|
||||Unrestricte||Restricted|||
||||d Funds||Funds|||
|||||2022|2022|2022|2021|
|||||£|£|£|5|
|Incomefrom fundraising events<br>Non-charitable tradingactivitiesof<br>subsidiaryentities||||6,125<br>20,073|-<br>.|6,125<br>20,073|826<br>7,566|
|Incomefromlettingandlicensing of<br>Property fornon charitable purposes||||10,084|.|10,084|10,270|
||||a|||||
|Total from other activities||A3||36,282|-|36,282|18,662|
|25 Investment income||||||||
||||Current||Current|||
|||||year|year|Currentyear|PriorYear|
|||||||Total Funds|Total Funds|
||||Unrestricte||Restricted|||
||||d|Funds|Funds|||
|||||2022|2022|2022|2021|
|||||£|£|£|£|
||Bank Interest Receivable|||1,474|-|1,474|339|
|Total investmentincome||A4|ttre<br>1,474<br>-|||1,474|339|



35 



## The Ascension Trust 

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|26|Other|income|and|gains|
|Current|Current|
|year|year|Currentyear|Prior Year|
|Unrestricte|Total|Funds|Total|Funds|
|Current year|d|Funds|RestrictedFunds|
|2022|2022|2022|2021|
|Insurance|£|£|£|Ez|
|claims|- Revenue|items|-|-|-|57|
|Other Income Employment Allowance|2,332|-|2,332|ai|
|Total|other income|AS|is2,332|-|ay2,332|57|
|Prd|Expenditure|on|charitable|activities|-|Direct Spending|
|Current|Current|
|year|year|Current|year|Prior|Year|.|
|Current Year|Unrestricted|Funds|RestrictedFunds|Total|Funds|Total|Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|Operation|Restoration|Expenses|-|9,956|9,956|11,772|
|Synergy Expenses|-|828|828|392|
|Operation|Save Jamaica|-|.|1,515|
|60:40|Youth|Project|Expenses|-|2,628|2,628|2,933|
|Street|Pastors|§3,933|-|53,933|53,825|
|Prayer Pastor Expenses|854|-|854|-|
|Total|direct spending|B2a|es54,787|13,412|68,199|70,437|
|All|the|expenditure|in|the|prior year was|unrestricted,|
|Prior|Year|Prior|Year|Prior|Year|
|Unrestricte|Restricted|Total|Funds|
|Prior|Year|d|Funds|Funds|
|2021|2021|2021|
|£|£|£|
|Operation|Restoration|Expenses|-|11,772|11,772|
|Synergy Expenses|-|392|392|
|Operation|Save Jamaica|-|1,515|1,515|
|60:40|Youth|Project Expenses|-|2,933|2,933|
|Street|Pastors|53,825|53,825|
|School|Pastors|-|-|-|
|Prayer|Pastor|Expenses|-|-|-|
|Total|direct spending|B2a|53,825|16,612|70,437|

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


. 

36 



. 

## The Ascension Trust SORPDetailed2015 analysis of income and expenditure for the year ended 31 December 2022 as required by the 

||28 Expenditureon charitable activities - Charitabletrading|28 Expenditureon charitable activities - Charitabletrading|28 Expenditureon charitable activities - Charitabletrading|||||
|---|---|---|---|---|---|---|---|
||||Current|Current||||
||||year|year|Currentyear|PriorYear||
||Current Year||Unrestricte<br>d Funds|Restricted<br>Funds|Total Funds|TotalFunds||
||||2022|2022|2022||2021|
||||£|£|£||£|
||Cost ofgoods forprimary purpose|||||||
||trading -Including movement in stock<br>forgoods made by beneficiaries||676|.|676||623|
||TrainingExpenditure||10,479|“|10,479||14,696|
||Travel & Subsistence costs||193|-|193||-|
||Grosswages andsalaries-charitable<br>trading activities||196,511|36,311|171,822||61,644|
||Employers’ NI - charitable trading<br>activities<br>Definedcontribution pension costs <br>charitable trading activities|-|10,581<br>2,447|2,794<br>715|13,372<br>3,162||3,805<br>644|
||Total charitable trading costs|B2b|ree<br>160,887<br>38,817<br>aeia||199,704<br>a|a|81,409|
||All the expenditure in the prioryearwas unrestricted,|||||||
||||PriorYear|Prior Year|PriorYear|||
||Prior Year||Unrestricte<br>d Funds|Restricted<br>Funds|Total Funds|||
||||2021|2021|2021|||
||||£|£|&|||
||Grosswages and salaries - charitable|||||||
||trading activities|||||||
||Employers’NI -charitable trading<br>activities||36,590|25,054|61,644|||
||Defined contribution pension costs <br>charitable trading activities|-|4,552|2,253|3,805|||
||||385|256|641|||
||Total charitable trading costs|B2b||||||
||||53,846|27,563|81,408|||
|29|Support costs for charitable activities|||||||
||||Current|Current||||
||||year|year|Currentyear|PriorYear||
||Current Year||Unrestricte<br>d Funds|Restricted<br>Funds|TotalFunds|Total Funds||
||||2022|2022|2022||2021|
||||£|£|£||£|
||Employee costs notincluded in direct costs|||||||
||Cost ofsalaries recharged to other<br>organisations||.|.|.||4,707<br>,|
||Salaries-Administrative staff<br>Definedcontribution pensioncost-<br>administrative staff||170,202<br>3,896|-<br>.|170,202<br>3,896||125,468<br>3,346|
||Employers' NI -Administrative staff<br>LifeInsurance||16,798<br>296|-<br>4|18,798<br>300||11,220<br>600|





## The Ascension Trust 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Detailed|analysis|of income and|expenditure|for the year ended|31|December 2022|as|required|by the|
|SORP|2015|
|Volunteer|costs|
|Volunteers’|expenses|727|-|727|265|
|Premises|Expenses|
|Rates and water charges|2,446|30|2,476|2,135|
|Rent/Service|Charge|7714|9|780|1,024|
|Light|heat and power|6,235|76|6,311|§,292|
|Cleaning|and|waste|management|978|12|990|677|
|Premises|repairs,|renewals|and|
|maintenance|1,196|15|1,214|2,294|
|Other|Premises|Costs|6,521|79|6,600|-|
|Property insurance|962|12|974|1,168|
|Administrative|overheads|
|Telephone,|fax and|internet|8,040|98|8,138|7,947|
|Postage|8|-|8|180|
|Stationery|and|printing|1,037|13|1,050|682|
|Subscriptions|2,000|24|2,024|600|
|Software licences|and|expenses|7,073|86|7,159|5,604|
|Liabilty and contents|insurance|2,709|33|2,742|2,083|
|Sundry expenses|6,197|75|6,272|427|
|Bad debt &|other write|off|4|-|1|.|
|Travel|&|Subsistence|2,712|33|2,745|630|
|Entertainment|2,603|32|2,635|33|
|Recruitment|Expenses|-|-|-|295|
|Professional|fees paid to|advisors|other than|the examiner|
|Professional|fees|363|4|367|364|
|Consultancy|fees|-|-|-|700|
|Financial|costs|
|Bank|charges|3,012|oF|3,049|2,920|
|Depreciation|& Amortisation|in|total|for|9,719|118|9,837|8,902|
|the|period|
|Bank|interest|payable|4,007|12|1,019|591|
|Support|costs|before|reallocation|257,508|804|258,309|187,214|
|Total support costs|- Current|Year|257,508|804|258,309|187,214|

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


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

38 



## The Ascension Trust 

SORPDetailed2015analysis of income and expenditure for the year ended 31 December 2022 as required by the 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Current|Current|
|year|year|Prior Year|
|Unrestricte|Restricted|
|Prior Year|d|Funds|Funds|Total|Funds|
|2022|2022|2021|
|Employee|costs|not included|in|direct|costs|£|£|€|
|Life|Insurance|593|7|600|
|Premises|Expenses|
|Rates|and water charges|2,109|26|2,135|
|Rent/Service|Charge|1,012|12|1,024|
|Light heat and power|5,229|64|§,292|
|Cleaning|and|waste management|669|8|677|
|maintenancePremises|repairs,|renewals|and|2,266|28|2,294|
|Property|insurance|1,154|14|1,168|
|Administrative|overheads|
|Telephone,|fax and|internet|7,852|95|7,947|
|Postage|178|2|180|
|Stationery|and|printing|674|8|682|
|Subscriptions|593|7|600|
|Software|licences|and|expenses|5,537|67|5,604|
|Liabilty and contents|insurance|2,058|25|2,083|
|Sundry|expenses|422|5|427|
|Travel &|Subsistence|682|8|690|
|Professional|fees|paid to|advisors|
|Professional|fees|360|4|364|
|Consultancy fees|692|8|700|
|Financial|costs|
|Bank|charges|2,885|35|2,920|
|Depreciation|&|Amortisation|in|total|for|8,728|174|8,902|
|Bank|interest|payable|584|Pg|591|
|Support costs|before realiocation|186,610|604|187,214|
|Total|support costs|» Prior Year|2186,610|604|ae187,214|
|The|basis|of allocation|of costs|between|activities|is|described|under|accounting|policies|

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


39 



: 

## The Ascension Trust 

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2016 

‘ 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|30|Other|Expenditure|-|Governance|costs|
|Current|Current|
|year|year|Current year|Prior Year|
|Current|Year|Unrestricted|Funds|RestrictedFunds|TotalFunds|Total|Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|-|Independent|Examiner's fees|1,800|-|1,800|1,800|
|Trustees’|remuneration|43,700|~|43,700|-|
|NIC|on|Trustees'|remuneration|4,973|-|4,973|-|
|Benefits|paid|to|trustees|57,092|-|57,092|-|
|Legal|Fees|180|-|180|314|
|Professional|&|Consultancy|Fee|3,061|-|3,061|1,417|
|Total Governance|costs|110,806|.|110,806|3,531|
|All|the|expenditure|in|the|prior year was|unrestricted|.|
|31|Total|Charitable|expenditure|
|Current|Current|
|year|year|Current|year|Prior Year|
|Current|Year|Unrestricted|Funds|RestrictedFunds|Total|Funds|Total|Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|Total|direct|spending|B2a|54,787|13,412|68,199|70,437|
|Total|charitable|trading|costs|B2b|160,887|38,817|199,704|81,409|
|Total|support|costs|B2d|257,508|801|258,309|187,214|
|Total|Governance|costs|B2e|110,806|-|110,806|3,631|
|Total|charitable|expenditure|B2|583,988|53,030|637,018|342,591|
|Prior Year|PriorYear|Prior|Year|
|Unrestricte|Restricted|Total|Funds|
|Prior|Year|d|Funds|Funds|
|2021|2021|2021|
|€|£|£|
|Total|direct|spending|B2a|53,825|16,612|70,437|
|Total|charitable|trading|costs|B2b|53,846|27,563|81,409|
|Total|support|costs|Bad|186,610|604|187,214|
|Total|Governance|costs|B2e|3,531|-|3,534|
|Total|charitable|expenditure|B2|297,812|44,779|342,591|
|32|Expenditure|on|raising|funds|and|costs|of investment|management|
|Current|Current|
|year|year|Currentyear|Prior|Year|
|Current|Year|Unrestricted|Funds|RestrictedFunds|Total|Funds|Total Funds|
|2022|2022|2022|2021|
|£|£|£|£|
|AT Beacon|Project|Expenses|74,213|-|74,213|76,345|
|Total|fundraising|costs|B1|74,213|-|74,213|76,345|
|All|the|expenditure|in|the|prior year was|unrestricted.|

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


40 



## The Ascension Trust 

Activity analysis of Income and expenditure for the for the year ended 31 December 2022 

|Thisanalysis is classifiedbyactivityandnotby|Thisanalysis is classifiedbyactivityandnotby|byconventional|nominaldescriptions.|nominaldescriptions.|||
|---|---|---|---|---|---|---|
|33|Analysis ofincome by activity||||||
|||SOFA ref|||2022|2021|
||||||£|£|
||Activity||||||
||Income from charitable activities<br>Training<br>OtherPrimaryPurposeTrading||||41,937<br>1,592|27,449<br>1,329|
||Pastors Projects||||237,972|212,458|
||Other charitable activities||||51,891|28,284|
||Total incomefromcharitable activities|A2|||333,392|269,521|
||Income from other, non charitable, trading activities||||||
||Fundraising activities||||6,125|826|
||NoncharityTradingActivity 4<br>Total Incomefrom other, non charitable,<br>trading activities|A3|||30,158<br>36,283|17,836<br>18,662|
||SummaryofTotalIncome, including the items above||||||
||Charitable activities|A2|||333,392|269,521|
||Otheractivities<br>Donations& Legacies<br>Investment income<br>Otherincome|A3<br>At<br>A4<br>AS|||36,283<br>434,811<br>1,474<br>2,332|18,662<br>426,149<br>339<br>57|
||Total incomeasshown in theSOFA|A|||808,292|714,728|
||Categories ofincome||||||
||Incomefrom exchange transactions||||808,292|714,728|
|34|Analysis ofcharitable expenditure by activity||||||
||Activity||||||
|||Direct costs|Support|Grant|||
||||costs|funding|||
|||||of|Total|Total|
|||||activities|||
|||2022|2022|2022|2022|2021|
||Training|£|£|£|£|£|
||Charitable tradingcosts<br>Employee costs not included in direct costs|10,479<br>-|-<br>23,966|-<br>-|10,479<br>23,966|14,696<br>14,021|
|Volunteercosts||-|73|-|73|26|
||Premises expenses|-|§80|-|580|378|
|Administrative overheads<br>Professional fees||-<br>-|983<br>1|-<br>-|983<br>1|556<br>32|
||Financialcosts|-|AIT|-|417|372|
|TotalTraining||10,479|26,030|5|36,509|30,081|






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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|The|Ascension|Trust|,|
|Activity analysis|of Income|and expenditure for the|for the|year ended|31|December 2022|
|Direct costs|Support|Grant|
|costs|funding|Total|Total|
|2022|2022|2022|2022|2021|
|Other Primary Purpose|Trading|£|£|£|£|£|
|Charitable|trading|costs|676|-|-|676|623|
|Direct|costs|Support|Grant|
|costs|funding|Total|Total|
|2022|2022|2022|2022|2021|
|Pastors|Projects|E|£|£|£|£|
|Direct|costs|$4,787|-|-|54,787|§3,825|
|Charitable|trading|costs|193|-|-|193|49,899|
|Employee|costs|not|included|in direct costs|-|167,227|-|167,227|426,605|
|Volunteer costs|-|654|-|654|238|
|Premises|expenses|-|18,529|-|18,529|42,062|
|Administrative|overheads|-|31,397|-|341,397|17,763|
|Professional|fees|-|352|-|352|1,019|
|Financial costs|-|13,321|-|13,321|11,824|
|Total|Pastors|Projects|54,980|231,480|-|286,460|243,235|
|Direct costs|Support|Grant|,|
|costs|funding|Total|Total|
|2022|2022|2022|.|2022|2021|
|Restricted|Charitable|activities|£|£|£|£|£|
|Direct|costs|13,412|-|-|13,412|16,612|
|Charitable|trading|costs|38,817|-|-|38,817|13,309|
|Employee costs|not included|in|direct costs|-|4|-|4|1,714|
|Premises|expenses|-|232|-|232|151|
|Administrative overheads|-|393|-|393|223|
|Professional|fees|-|4|-|4|13|
|Financial|costs|-|167|-|167|217|
|Total|Restricted|Charitable|activities|52,229|800|-|53,029|32,239|
|Direct|costs|Support|Grant|
|costs|funding|Total|Total|
|2022|2022|2022|2022|2021|
|&|£|£|£|£|
|Other charitable|activities|
|Charitable|trading costs|149,539|-|-|149,539|32,882|
|Summary|of charitable|costs|by|activity|
|Direct|costs|Support|Grant|
|costs|funding|Total|Total|
|2022|2022|2022|2022|2021|
|£|£|£|£|£|
|Total|Training|10,479|26,030|-|36,509|30,084|
|Total|Other|Primary|Purpose|Trading|676|-|-|876|623|
|Total Pastors|Projects|54,980|231,480|-|286,460|243,235|
|Total|Restricted|Charitable|activities|§2,229|BOC|-|53,029|32,239|
|Total Other charitable|activities|149,539|-|-|149,539|32,882|
|Total|Governance|costs|as|detailed|in|Note|
|30|-|410,806|“|3,531|
|410,806|
|Total|charitable|expenditure|267,903|369,116|-|637,019|342,591|
|The|basis of allocation|of costs|between|activities|is|described|under accounting|policies|

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


The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 31 

. 42 



## The Ascension Trust 


**----- Start of picture text -----**<br>
Activity analysis of Income and expenditure for the for the year ended 31 December 2022<br>Analysis of support and governance costs by charitable activities<br>Activity_. Governance Finance ResourceHuman OverheadsOther Total<br>Training £ £ £ £ Ez<br>Other - 417 24,039 1,574 26,030<br>Primary Purpose Trading - - - - -<br>Pastors Projects 5,044 13,321 167,881 50,278 236,521<br>Restricted Charitable activities - 167 4 629 800<br>Other charitable activities 57,092 - - - 57,092<br>Grand Total 410,806 413,905 191,924 52,481 369,116<br>35 Analysis of non charitable expenditure by activity<br>Activity<br>Fundraising activities Fundraising Fundraising<br>activities activities<br>2022 2021<br>£ £<br>Direct fundraising costs 74,213 76,345<br>Governance costs Governance Governance<br>costs costs<br>2022 2021<br>£ £<br>Other Expenditure - Governance costs as detailed in Note 30 140,806 3,534<br>Total non charitable expenditure 2022 2021<br>Total £ £<br> costs of Fundraising activities 74,213 76,345<br>Total non charitable expenditure 74,213 76,345<br>**----- End of picture text -----**<br>


43