Charity registration number.. 1172822 THE PARISH OF THE ASCENSION CAMBRIDGE TRusfEE'S REPORT AND UNAUDrrED FINANCIAL STATEMENTS FQR THE YEAR ENDED 31 OECEMBER 2025 Th8 Parish of the AKension Cambridgè Contents Page Trustee's Report Independent Examlner's Report statement of Flnanclal Actlvltles Cthmpardtive Stat￿￿ent of FIna￿CIal Actlvits"e5 Statement of Finthnclal Posiknon Nrtes to the Finantial Stat￿ne￿5 9-14 The fvIIDW(ng pages do not fortn part of the statutory accounts.. Detalled Statement of Flnanc131 Acbvitie5 15-16 The Parish of the Ascenslon Cambridge Trustee's Report For The Year Ended 31 December 2025 Tle trustee presents his report 3nd the financial stètements ft)r the year Ènded 31 December 2025. Obl￿tiVa$ ènd Artlvlues Alms and ObJOCtIvts The Parish orthc Asccnsion, Cambndge Is ihe14ryest In Ihe Oioce5e of Ely, ¢ovedng an area in Cambridge bounded by Queens Road, Madingley Road, HuntingdDn Road and Gllbert RI￿d. The Pilitits for St Luke's Church, rhe Old School. st Glles, Church, St Au9USt Ne's Church and the Parish Rootn 1st Giles, Hall}. In additlon we work with the Romanla orthodox Church who share the buildin9 at st. Giles,. It is £ registered £haTify, no. 1172822, address ￿$tensiOn Parlsh Offi￿, The 05d School, Hervey Goodwin Avonue, cambr￿4¢ CB4 3EU. The key fwttion ol the charity Is through attivities to pmmote In the Parish the whole m15slon of the Churth, pastoral, evarKJelical, soclal and ewmenlcal. and reviewing the objectlves and actsvities the Twstees haye had due re9ard to the public benefft guldancp ,ssued by the Charity Commisslon. Slgnmcant Actlvltles The Padsh looks to respond to Y)e Dlotrsan Vlslon prayer that WÉ should be generous and ￿sIty1e peoplE of Jesus Chr15t. 2025 has been another th4Uenglng year for all parfshes as they recover and adapt to a post-covld envlronment and vilth the contlnulng long terrn sld¢nE5S abs"Ence of the Rector. Qur tnain sources of Income remalfi those re￿Ived frotn the hire OF our ilu￿dIngs=u CQTnmunlry groups and organisations, especially Lhe rental of the P3nsh Room, planncd giving from our ¢x>ngregatiDll5 and events where donations are made. The compleknon of the refurbishment of The Old 5chcH)13t st Luke's h8$ also enabled us to offer this Space fDr rental to local Drganisatian5 25 a comTnunity a55et. There seem$ to have been pent up deffland for meetlng space a5 not only have rnost Df our long tertn users retumed, but also many new groups and users have sought to hlre Spa￿ In our churches. This Is welcome bur also puis extra pr￿SUre We continue to collabtsrate W￿￿•ng for the cotnrDOD goDd and hurnan flourishing withln the padsh and wider clty speclally logknno lo meet the needs of those e¥periena•g the c05t of Ilvlng crfsis. Each church ha5 ￿Spr)nded a?prcyriately con51derlng its resou￿￿5, and flnanc131. So for example St Augustine's has supported financially the local authonty's Akcman Commuiity Centre Warm Space inittatsve wothng wl¥) and through one of the local residents. a550clatiof.5, and St Giles, has extended it5 weekly Tea@Three to indude a slmple soup lunth which complements the fllorr.ing offering of Iiospiialify fmm our neighbours CasHe St Methodlsts. Each thurch SUPPL>rts a varfety of local, natiDnal and intrmational charities. The year ahead loo￿ Do less cha4enging with a￿t￿ipated changes in the deployment of dergy and Tninisters due to111 health. retirement and re￿￿￿d capaknlity of tÈntr81 thurch owanlsatlons to employ mlnisters. Employing good admin s*ff In Catnbddge also pr￿eTrts challenges. with continulng linancial pressures on local authority Ser￿￿e5 and communily faolltles and in suth a diverse, busy and ever-grDwlng place such as Cambrfdge where ineoualities of opporrunity can be very stark. we look to contlnue 10 Use 811 our resources, physical, humatt a￿1 spiritual, to offer generous thspltality and an open welo)me to those seekin9 rest, recreatlon, réflertion, friendship and Christian fellowship. We Continue to hold firm to God'5 promise in our Saviour Jesus Chrlst that he will be wlth ￿$ untll the end of the a9e and to use all we are and have for the beneflt and btaldSng up of our CDmmunltles. FlnancTal Rtvlew Finandal Posltlon The prfncwal fufidlng sources are through wular glvlng. collecLIL>nS at serv1￿, ¢onation5, and Income from lThvestrnents and rents. H?11 hlre and rental Incomes Increased In the yeor. 45 dld planned giving and Oonatlons for whith we remaln very grateful. Day ro day running costs Incr&•sed orn a brnad froni In Ilne wlth Infla￿On and the ￿ed to keep e4ch church In good repalr whllst maintainiDg our mission ouire8ch. P8ge I The Parlsh of the Ascension Cambridge Tn]stÈé's Report (continued) For The Year Ended 31 December 2025 Reserves Policv UnTestricted funds are used by the PCC to Pay for everyday expenses, Includln9 the upkeep malntenance of the Churches, at their discreknon for (urthering ihe mlssion and minislry of the Churd). These arnounted to £962 000 at the end of the year as agalnst £990 000 at the end of 2024. Restricttd fund5 arÈ principally avèiltble for the cap￿[ development of the thurthes, totsllng £273,754 for the year to 31 December 2025 up c£2 000 on the prevlowg year end. Much oi the incornÉ from Endowmenlfunds Is availablc only for the Lpktep of the burial ground, often for spetific orèves, but byith a small sum avatlable for mort 9eneral PurP￿e$ at the discretion of the PCC. These funds at the end of 2025 stood at c£63 000 as agèirtst ££61000 at the start of the year. Strwtiirei Govern•nu and M4nJgem¢nt Governlng Docurnent The governlng document is the Parochi£l Church Council Power5 Measure 119561 as amondcd and Church Representatloth Rul￿ that came Into force on 2 January 1957; the latest edition of these rules. 2022, 15 available online httP5.'l/www.churchofengland.org/abguVleidership-and-gDvernancellegal-resourie51ihurth-repre5entabon- rule5 The PCC over5ee5 the working of the parlsh through regular tneetlngs and through 01strf(t Chutth Counc115 at St Avgusdne's anLI St Glles, aiid an kcumenieal Church Council ir st Luke's Locol kcumenical Partnership. Nember5 of the PCC are those oumlned as eliglble under the Churth Representstlon Rules 2022 Isectlon B-. M151. Durfng the year and to the time at which these accounts are appmved. Ihe following served as members of the PCC. RefetEnce and Adrninistrative Dgiails arEyTrumbRr 1172822 rinrnin9 Resoyrtt¥ All voluntary glvlng Is Included In the financlal #atements for the perfod In whlch Y< Is recelved. Donatlon$ under Gift Aid ￿u5 the associated tax recovery are recognlsed 8$ Income when the donatson Is received. Legacles are accounted for when thelr re￿Irt Is certain and can be propedy quantified. All other income is 9enertlly recognlsed when It is re￿5Vable. 2.4. Resourtés Expénded Expenditlire 15 recognised ITh the perlod in whKh tt 15 iTrcurred and Include5 4LtriMrable VAT whlch cannot be recovered. It 15 allocated to the parbcular actfvity to whlch it relate5 on an actual attributable basis. Governance ciY&t5 represent dlrett expe￿itUre on the governance of the thurch, 1nduéing the produttlon and independeryt 5crutiNy of these finanElal 5tatement5. A5 rnost of the tnan3gemenr 8ctivlty Df the thurch is carrfed out by volunteers. th15 Intanglble cost Is not Induded in the ffnanaal siatements as thi5 voluntary o)nthbutlon ro the Ilft of the churth is incalcvlable. 2.5. Tanglble Flxed Asstts Dopreclatknn Conse(yated and benetlced property15 excluded ftorn the 4ccounr5 In accordance wlth the Charfryés Att 2011. Nor Is any valuc Indudod for move3bte rhurch furnishings held by the church wardens on special tru£t for the PCC since the PCC con51der5 this tD be Inalienable property. All expenditu￿ on consccralcd or benefi￿￿ buildings and rnoveable rhurch furni5hing5, syhether rna1ntenan￿ or improvement, Is wYStten off a5 fEPAits and improverTrent expendrture in the Statement of Financlal Acuvities. Where deemed materfal cxpendlture on other flxture5. fittings and equirmnent Is capltalls2d and (Eepreclated over Its estlrnted useful Ilfe,. no 5uth assets are induded in these tirnancial statements. Expenditure on such items not deemed matertal Is wrttteii tTrff as incurred. 2.6. InvÈgtmÉnts Investments are Induded at thelr falr Yalwe on the tklance sheet date. With the exception at property the PCC only has Irsvestments In the CeTrtral Board of Finance of the Church of tn9land Deposlt and Investment Funds for which quotcd market value Is available which is taken as fair value. Deposit Invpstmpnts are not for fixed terms and deposit value is taken a5 fail value. Property lftvpstments are ip.tluded at their estimated m)rket value. No formal valuation has been arried out and value giwen fDr the property is, in the opinion of the PCC, a reasooable representation af market value. Changes In valuation of inveslrnent 4nd I￿estMent pwpertie5 uvEr the y*r are ￿Qgni￿ In the Statement of Flnènclal Ac#￿tIes. Page 9 The Par15h of the Ascension Cambridge Notes to the Financial Statements (continued) For The Year Ended 31 December 2025 2.7. Cash and Cash Equivalents Castr and cash equlvalents are b35¢c ftnanclal assets and Indude cash In han(J and (teposlts he￿ at call wlth banks. other 5hort-terrn highly liquic invettment5 that mature in no rT>Drc than threc months trom thc dato of acquisition and are readily cornvertible to a known arnount of cash with Insi9nific3nt rtsk of chaDge in value, and bank overdrafts. 3. Income from Don&t10￿5 #nd Logacl 2025 2024 Unre5trlcted lie5trtcted Endowment Totsl Total funds nds funds funds funds atians and 9rts Grants 36,184 7,000 36,184 180,333 48,188 173,334 43,184 173,334 216,517 48.188 4. ImfeBlrnent Xncome 2025 2024 Unrestrictgd Rostricted Total fufid$ Total funds funds Interest from Investments 7,547 35 7,582 ,179 2025 Activities undertaken dlrettly Support (see Dotè 61 Total Ra151ry Funds Parish Shh Ministerial Costs Costs of Churth ActThities AdmInI5t￿tIon C05t5 3,346 104,287 7,809 2,346 104,287 7,855 374,524 32,117 7,733 46 374,524 32,117 7,733 G)verTrance Costs 114.442 414,420 528,862 2024 Aciivllle8 undettsk dlrectlv Support 15ee riote 61 Total R&i4hg Funds Par15h Sh8re Ninisterial Costs 05ts of Church Athvltfjes AdmInl5trab￿ Costs Govemance Costs 4,826 78,136 8,713 4,826 78.136 8,713 136,B03 42,563 13,667 136,803 42,563 13.667 91,675 193,033 284,708 Page 10 The Parlsh of the Ascension Cambridge Notes to the Financial Statements (continued) For The Year Ended 31 December 2025 6. Support Costs 2025 Costs of Church Acllvltles Mini5teYlal Cost5 A¢lminlstrthn GoveTnènc• Costs Total Employee c0515 Premlses expense5 c￿eral adrni.115tratknn 20.804 20,804 350,682 42.934 46 350,636 23,888 11,313 7.733 46 374,524 32.117 7,733 414.420 2014 Costs of Chur¢h Adlvltle Admlnlstratlon Govvman¢• Costs Total Employee costs Premlses expÈnse5 GÈNÈf8I8drninistrat￿n 30,879 30,879 120,999 41,155 L20,999 15,804 11,684 13,667 136,603 42,563 13,667 193,033 7. Stalf Cosls staff cost5 were as folbws.. ID15 2024 W*Jes and salaiies 20,804 30.879 No ernployees re￿Ve￿ employee beneflts lexclvdlng employer penslon c05tsl for the repo￿ttg perlod of more than E60,000. B. Investments Olher Cosl or Valuatlon As at l January 2025 1.074,108 A5 at 31 De￿rnber 2025 L.074,108 Provlslon A5 at l January 2025 As at 31 Detrmber 2025 Nat Book Valu at 11 Detsmber 2D25 1,074,108 As at I january 2025 J.074,108 Page Ll The Parlsh of tha Ascension Cambridge NotÈs to the Financial Statements (continued) For The Year Ended 31 December 2025 9. Debtors 2025 2024 Due within on• y*ar Trade debtors Other debtors 8,149 15,718 8,149 15,7L8 10. Crodltors: Amourtts Farnlng Wtthln One Year 2025 2024 de creditors oth¢r cr¢dligrs Taxatlon and 50aal 5ecurfty 1,032 1,021 1,802 $,236 3,855 B,236 11. Movement In Fund5 Asati January 2025 Asat31 In¢om8 Expendlture Transfers 2025 Unrestrl£ted funds Genernl.. General unrestrfcted fund Oesignated.. St Augustine's 1￿Corne Account st Augustlne's Capltal Account st Gileg Income Account st Luke's Capltsl AccouTrt st Luke's Churth C£Mtre Incume AccourTt Parish Room Parf5h Room Repalr5 Mason Furtd Iresidual lègacy) Old Junlor School Income Fund 94,186 271,706 1404,5141 186,lQl 147.479 10,946 16.967 27.913 10,685 1,159 13,062 637,838 8,143 17g,664 6,028 18,735 29,420 1,159 9,?57 637,838 8,143 53,307 7,377 14.805) 1126,3571 674 675 867,530 675 194,7861 773,419 Totsl ￿n￿bIcted fund5 961,716 272,381 1404,5141 91,315 920,898 Restrlcted fund5 St Augustine's Ma50n Legacy st Giles Fabric Fund Si Glles Legacles Fund st Giles Oryan Fund LEWIS Bequest fyave Trust Fitzpatrick Grave Trust St Luke's Cii urch Cenlte Fabric Fund st Luke's Income Account st Luke's Leoaue5 st Luke's Belinda Parhatn L￿cY 2,247 24,370 2,129 3.704 2,104 2,933 906 88,592 33,887 3,869 2,247 29,370 2,129 3,704 2,020 2,819 906 100,335 33,887 4,180 ..coritINUED 5,000 1841 (1181 11.743 35 276 P4ge 12 The Parish of the Ascension Cambridge Notes to the Financial Statements (continued) For The Year Ended 31 Decèmber 2025 st Luke's Eknn Lega PCC Capital Fund PCC Graves Malntenafi Qlsp Leg National ￿￿￿tage 327 95,836 6,848 2,997 327 97,813 2,252 2,997 44,815 11,1191 3,096 (4,5961 173,334 128,5191 Total re￿irted fvnds 270,753 173,369 {129,8401 15,S19 229,801 Endowmént fund5 Permanent.. 5tretten Ave Sale Proceeds FC Shove Grywe Trust Btzybrooke Grave Trust Blackman Grave Trust Mss FM Kent Bequest Old Inr SchDoI 2.821 10,220 14.645 20,533 5.09 9,650 11131 14081 2,707 9,B12 14,294 19,712 5,061 9.650 (8211 1371 T