THE ASCENSION TRUST

Charity number: 1127204
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Enrichment of the community through social action, outreach, education and mission work.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£941,377

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Donations and legacies £497.22k
Charitable activities £390.11k
Other trading activities £43.89k
Investments £7.78k
Other £2.37k

Total expenditure:
£921,564

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Raising funds £136.24k
Charitable activities £785.32k
Other £0

£0 investments gains (losses)

Total income includes £224,771 from 2 government contract(s) and £149,000 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £136.24k
Charitable expenditure £785.32k
Retained for future use £19.81k

People

15 Employee(s)

11 Trustee(s)

5 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Antigua And Barbuda
  • Australia
  • Ghana
  • Gibraltar
  • Ireland
  • Nigeria
  • Scotland
  • Trinidad And Tobago
  • United States

Governance

Registration history:
  • 16 December 2008: Standard registration
  • 03 May 2017: Funds received from 1145736 NEWARK & SOUTHWELL STREET PASTORS
  • 16 August 2021: Funds received from 1162340 WANDSWORTH STREET PASTORS
  • 15 November 2021: Funds received from 1151798 WATERSIDE STREET PASTORS
  • 17 November 2021: Funds received from 1166717 CHIPPENHAM STREET PASTORS
  • 24 August 2022: Funds received from 1153000 LANCASTER STREET PASTORS
  • 21 October 2022: Funds received from 1141844 KINGSKERSWELL SUMMER MOON TRUST
  • 21 December 2022: Funds received from 1176688 CHESTER STREET PASTORS
  • 23 July 2024: Funds received from 1139664 CHELMSFORD STREET PASTORS
  • 17 September 2024: Funds received from 1144265 STREET PASTORS MERTHYR TYDFIL
  • 02 January 2025: Funds received from 1179935 DACORUM STREET PASTORS
Organisation type:
Charitable company
Other names:

No other names

Company number:
06751712 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Samuel Oladipupo Aiyere Chair 12 January 2024
None on record
Vivine Vinton Cameron Trustee 05 November 2024
None on record
Antony Fitzgerald Salmon Trustee 05 November 2024
None on record
Joshua Oluwadamilare Nathanael Ogunji Trustee 28 November 2023
None on record
Theo Azu Mathias-Nwaulune Trustee 03 November 2020
None on record
Rev Angela Mary Bacon Trustee 03 November 2020
None on record
Christina Cato Trustee 03 December 2019
ELIMU MAS ACADEMY
Received: On time
Julaine Hedman Trustee
CHATSWORTH BAPTIST CHURCH
Received: On time
REV LES ISAAC Trustee
CHRISTIANS IN ACTION
Received: 15 days late
OLUFEMI PETER LADEGA Trustee
None on record
DR CHI CHI EKHATOR Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £473.78k £414.43k £714.73k £808.29k £941.38k
Total expenditure £577.22k £397.77k £418.94k £711.23k £921.56k
Income from government contracts N/A N/A £243.52k N/A £224.77k
Income from government grants £10.50k £76.59k N/A £341.54k £149.00k
Income - Donations and legacies N/A N/A £426.15k £434.81k £497.22k
Income - Other trading activities N/A N/A £18.66k £36.28k £43.89k
Income - Charitable activities N/A N/A £269.52k £333.39k £390.11k
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £339 £1.47k £7.78k
Income - Other N/A N/A £57 £2.33k £2.37k
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £342.59k £378.71k £785.32k
Expenditure - Raising funds N/A N/A £76.35k £74.21k £136.24k
Expenditure - Governance N/A N/A £3.53k £110.81k £112.83k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £0 £258.31k £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A N/A £226.07k £219.66k £213.68k
Long-term investments N/A N/A £1 £1 £0
Other assets N/A N/A £712.44k £842.80k £1.04m
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £109.72k £136.61k £303.10k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 31 October 2024 On time
Accounts and TAR 31 December 2023 31 October 2024 On time
Annual return 31 December 2022 31 October 2023 On time
Accounts and TAR 31 December 2022 31 October 2023 On time
Annual return 31 December 2021 30 September 2022 On time
Accounts and TAR 31 December 2021 30 September 2022 On time
Annual return 31 December 2020 27 September 2021 On time
Accounts and TAR 31 December 2020 27 September 2021 On time
Annual return 31 December 2019 30 December 2020 60 days late
Accounts and TAR 31 December 2019 30 December 2020 60 days late
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 18 NOVEMBER 2008

Charitable objects

TO ADVANCE THE CHRISTIAN FAITH IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE DIRECTORS OF THE CHARITY MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY; TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD PHYSICAL, MENTAL AND EMOTIONAL HEALTH PARTICULARLY BUT NOT EXCLUSIVELY THROUGH THE PROVISION OF COUNSELLING AND SUPPORT IN SUCH PARTS OF THE UNTIED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT.

Area of benefit

The area the charity can operate in, as set out in its governing document.

GLOBAL

Contact information

Address:
ALPHA HOUSE
ALPHA PLACE
158 GARTH ROAD
MORDEN
SURREY
SM4 4TQ
Phone:
02083302809
Email:
info@ascensiontrust.org.uk
Website:

www.ascensiontrust.org.uk Open in new window