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← The Ramp

2020-12-31-accounts

THE RAMP

ANNUAL REPORT & FINANCIAL STATEMENTS

YEAR ENDING 31 DECEMBER 2020

Registered Charity Number 1175513

FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

CONTENTS PAGES
Officers and professional advisers 2
Report of the trustees 3 to 11
Report of the Independent Examiner 12
Statement of financial activities 13 to 14
Balance sheet 15
Notes to the financial statements 16 to 23

1

OFFICERS AND PROFESSIONAL ADVISERS

The Board of Trustees Mr Andrew Vernon Elmes Mr M. Joseph Reeser Mrs Karen Wheaton-Towe Registered Office International House 61 Mosley Street Manchester M2 3HZ Independent Examiner Daniel McGuren FMAAT CIMA Adv Dip MA 3 Chancet Wood Rise Sheffield S8 7TT Bankers Lloyds Bank Plc Walthamstow (309908) Chelmsford Legg St OSC 1 Legg Street Chelmsford Essex CM1 1JS

2

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

The Trustees present their report together with the financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 12 and comply with the Charity’s Trust Deed and applicable law.

These financial statements comply with the Charities Act 2011, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102) and the Charities Act 2011).

OBJECTIVES AND ACTIVITIES

The objectives of THE RAMP are for the benefit of the public.

It exists:

3

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

These objectives are achieved through the following activities:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Details of the activities undertaken by the charity during the period are given under Achievements and performance.

ACHIEVEMENTS AND PERFORMANCE

Objective 1: To advance the Christian faith in accordance with the Statement of Faith in such ways as the Charity Trustees may from time to time decide.

The Ramp, in its third full year of operation, has experienced continued growth—in surprising ways and despite unprecedented circumstances. Winter and Spring 2020 saw the acceleration of the COVID-19 global pandemic, which led to the start of national lockdowns in the UK towards the end of March.

When lockdowns began in March, around 300 people called the Ramp their home church with an average Sunday in-person attendance of 215 people. In February before lockdowns began, the Ramp launched our first video channel on YouTube and a new audio podcast on all major platforms, including Apple Podcasts, Google Podcasts, and Spotify. These new channels positioned the Ramp to respond quickly and effectively to the closing of in-person gatherings during lockdown.

Online engagement accelerated quickly on all our digital channels. Within only a few months of launching online, an average of 1,700 people were engaging in the Ramp’s online video content every week on YouTube and Facebook. Many of these “people” represented entire households, which means the number of viewers could be much higher. Sixty to 70% of our online audience was youth and young adults—

4

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

an age group statistically lessoning their involvement with churches compared with older demographics. An average of 33 hours of the Ramp’s original online video content was watched every day , which peaked as high as 43 hours per day on more popular weeks.

By the end of 2020, 624 people had subscribed to the Ramp’s YouTube channel— more than twice the size of our church’s congregation when we entered lockdown. Our overall engagement rate, a statistic measuring how often users interact with our online content, was more than double industry norms and over 165% more than some of the highest performing churches in Britain.

Alongside Sunday gatherings, the Ramp also transitioned our midweek activities online. These included prayer meetings, small groups, and youth meetings.

We increased from one in-person prayer meeting each week before lockdown to four online prayer meetings per week via Zoom’s video-conferencing platform. Each prayer meeting ranged in attendance from a half dozen to 50 people or more.

Despite the uncertainty of how online small groups would be adopted, we continued our pre-lockdown participation rate with over 60% of the Ramp’s adult congregation deepening their faith and relationships by meeting midweek via Zoom. The Ramp’s youth and young adult groups grew during the period by adapting and utilising creative ways to connect online.

This third year of successive growth at the Ramp can be attributed to a Godordained call joined with a passionate and compelling vision, which is meeting genuine and profound needs in our community—even in unprecedented times.

Objective 2: To demonstrate the Gospel of Jesus Christ by the relief of persons who are in condition of need, hardship or distress by the provision of funds, goods or services of any kind including but not limited to, the provisions of counselling and support in such parts of the United Kingdom and the world as the Charity Trustees may from time to time decide.

The period saw extraordinary levels of mental, emotional, and physical health challenges combined with global cultural unrest around issues of pandemic response, racism, and shifting political landscapes. The Ramp provided pastoral care physically, emotionally, and spiritually for its congregation and many outside the church.

We partnered with other charitable organisations, most notably Stretford Foodbank, Barnabus, Hope for Justice, and Stella’s Voice. Through these partnerships and our

5

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

own work, we provided 2,378 meals in the Stretford area alone. We also organised outreach teams, which worked in Manchester city centre throughout the pandemic offering refreshments, personal care packages, prayer and encouragement, and signposting for rough sleepers and sex workers.

Our teams joined with Barnabus in their work with rough sleepers in the city. We processed food and supplies at the central distribution warehouse for Greater Manchester Mayor Andy Burnham’s relief efforts. We also worked to transform a derelict building into suitable housing for rough sleepers.

The Ramp’s teams tidied gardens in deprived areas and sent cards to the elderly in care homes. We saw needs met in our Sunday services and midweek activities as we prayed corporately for mental, emotional, and spiritual needs; financial health; and relational wholeness. Throughout each month, we received reports from individuals within the congregation who let us know of prayer requests that were resolved miraculously and practically.

Objective 3: To advance religious or secular education in such ways and in such parts of the United Kingdom and the world as the Charity Trustees may from time to time decide.

The Ramp continued training individuals at all levels of life. Our Sunday services and small groups educated and carried practical application, including teaching children and young people on topics of faith, character, personal growth, and more.

Our new member's course, called New Here, taught individuals the values, vision, and culture of the Ramp and included leadership training alongside personal assessments to discover spiritual gifts and personality type. New Here feeds directly into additional practical training opportunities in music, creative arts, live production, customer service, and more.

As services moved online during lockdown, we expanded our training in media production, including videography, audio mixing, and graphic design. We connected aspiring media creatives with experienced and professional videographers, engineers, and designers.

Our youth mentorship programme creates one-to-one training and support relationships between youth and young adults. As mentors, young adults receive training from church leadership in sound Christian discipleship practises, which they employ with their youth mentees. Mentees receive relevant and inspiring faith education and relational encouragement and support.

6

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

Our small group ministry continued to recruit and train new leaders to host and lead effective and engaging small groups. Group leaders’ training focuses on developing strong relational and communication skills alongside teaching effective pastoral care.

Staff and Volunteers

The Ramp did not hire additional employees over the period. Before lockdown began, we had a total of 96 active volunteers. Due to the closing of in-person services, the number of and need for active volunteers lowered by the end of the year.

PUBLIC BENEFIT

Throughout the period ending 31 December 2020, the trustees have paid due regard to the Charity Commission's guidance on Public Benefit and, in particular, the guidance provided to charities for the advancement of religion. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Ramp’s governing document is a constitution. The charity was registered on 2 November 2017 as a Charitable Incorporated Organisation, whose only voting members are its trustees.

Appointment of Trustees

Trustee selection method is by appointment by the current trustees, of any person meeting the requirements set down in the constitution. Trustees are selected on basis of their experience, expertise, and specific skills which are reasonably expected to further the mission and vision of the charity.

Organisation

As set out in the charity constitution, the Board of Trustees meets at least three times per annum to oversee the vision, strategies and management of the charity. This meeting may be held in person, teleconference, or online videoconference.

Day-to-day management of the trust’s operations is delegated to trustee M. Joseph Reeser. The trust also relies on staff and volunteers to help ensure quality activities are delivered.

7

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

FINANCIAL REVIEW

The trustees have prepared the accounting policies for the Ramp in accordance with the requirements of the SORP and of best accounting practice.

Review of the period

During the year the baseline income increased to £280,309 (2019: £166,825)

The costs went up to £187,919 (2019: £149,415) but were contained due to strong financial management and good cost control.

Income and Expenditure

The Ramp relies on voluntary income as its principal source of funding. Total donation and legacies amounted to £193,517 (2019: £140,204).

Income from trading activities were £10,770 (2019: £8,477).

The costs of raising funds amounted to £0 (2019: £150), and the costs of fund generating activities were £335 (2019: £1,517).

'Income from Charitable activities' in the accounts shown as £977 (2019: £18,141) includes £300 (2019: £0) of speaking fees

Governance

The £700 ‘governance’ costs include the costs associated with independent examination of the accounts.

Surplus

Total of the incoming resources exceeded resources expended in the period by £92,390 (2019: £17,410).

Balance Sheet

The Balance Sheet as at 31 December 2020 was strong ensuring that the charity has the assets required to deliver its commitments to the community.

Included in Tangible fixed assets are various items of Stage equipment valued at £46,480 (2019: £24,883).

Reserves policy

To ensure the financial viability of the church and its ability to meet its ongoing commitments, the charity will endeavour to maintain, on average, sufficient reserves to cover all contractual obligations for one month and, if possible, between three and six months.

8

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

Action by the trustees will be required should the value of the fund exceed two times the annual expenditure or fall below three month's expenditure.

The charity has exceeded its goal of having three month's expenditures by the end of this period and holds roughly four month’s expenditures in cash reserves.

Risk policy

The trustees conduct an on-going review of major risks as part of its regular monitoring and reporting. Internal risks are minimised by the implementation of procedures in regard to good practice child protection policies, fire safety and health and safety inspections where the charity’s activities operate. Financial risks are minimised by the implementation of procedures for the authorisation of all transactions on a regular basis.

PLANS FOR FUTURE PERIODS

Looking ahead

We have exciting plans in three areas:

  1. Expand and further develop the combination of digital and physical ministries. The COVID-19 pandemic has provided unparalleled opportunities to engage with audiences online. We intend to further develop and leverage this digital expansion even after the return to in-person gatherings.

  2. Develop and launch an internship programme giving people first-hand, realworld experience and training working in a vibrant, dynamic urban church plant. We have already begun exploratory dialogue with partner organisations and have found them keen to be involved. We anticipate this programme drawing interest from both domestic and international audiences.

  3. Expand the Ramp’s staff team to meet the increasing demands of the charity and propel us into our next phase of growth and fruitfulness.

9

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

THE TRUSTEE'S RESPONSIBILITIES

Charity Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and its financial activities for that year together with its assets and liabilities at the end of the year, adequately distinguishing any material, special trust or other restricted fund of the charity.

In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Statements of Recommended Practice and the regulations made under section of the Charities Act 2011.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deletion of fraud and irregularities.

The trustees are responsible for the maintenance and integrity of the financial information included in the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees have the power to invest in such assets as they see fit.

RELATED PARTIES

A summary of transactions with related parties is set out in note 15 of the financial statements.

10

REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2020

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees.

Signature: _________ M. Joseph Reeser, Trustee

Date: 1 December 2021

11

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE RAMP

I report on the accounts of the Trust for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and related notes, as set out on pages 7 to 14.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Daniel McGuren FMAAT CIMA Adv Dip MA Signature: __ 3 Chancet Wood Rise Sheffield S8 7TT Date: _8/12/2021_

12

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDING 31 DECEMBER 2020

Note
INCOMING RESOURCES
Incoming resources from generating funds:
Donations and legacies
2a
Grant Funding
2b
Other income from Charitable activities
2c
Other Trading income
2d
Investment Income
2e
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable Activities
3
Governance Costs
3
TOTAL RESOURCES EXPENDED
NET(OUTGOING)/INCOMING
RESOURCES BEFORE TRANSFERS
TRANSFERS
Gross Transfer between Funds
NET MOVEMENT IN FUNDS
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
186,450
0
977
10,770
45		 Restricted
Funds
£
7,067
75,000
0
0
0
82,067
7,067
0
7,067
75,000
(42,552)		 Total
Total
2020
2019
£
£
193,517
140,204
75,000
0
977
18,140
10,770
8,477
45
4
280,309
166,825
187,219
148,715
700
700
187,919
149,415
92,390
17,410
0
0
92,390
17,410
60,357
42,947
152,747
60,357
198,242
180,152
700
180,852
17,390
42,552
59,942
60,357
120,299		 32,448
0
32,448

13

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDING 31 DECEMBER 2020

Note
INCOMING RESOURCES
TOTAL RESOURCES EXPENDED
OPERATING SURPLUS
OTHER INCOME
Investment Income
2e
SURPLUS FOR THE FINANCIAL YEAR		 Unrestricted
Funds
£
198,197
(138,300)
59,897
45
59,942		 Restricted
Funds
£
82,067
(49,619)
32,448
0
32,448		 Total
Total
2020
2019
£
£
280,264
166,801
(187,919)
(149,415)
92,346
17,386
45
4
92,390
17,390

The charity has no recognised gains or losses other than the results for the year as set out above.

14

BALANCE SHEET AS AT 31 DECEMBER 2020

THE RAMP THE RAMP
2020 2019
Note £ £
FIXED ASSETS
Tangible fixed assets 8a 46,480 24,883
46,480 24,883
CURRENT ASSETS
Stocks 9 0 0
Debtors 10 10,532 13,249
Cash at bank and in hand 11 107,806 25,347
118,338 38,596
CREDITORS: Amounts falling due
within one year 12 12,071 3,122
NET CURRENT ASSETS 106,267 35,473
TOTAL ASSETS LESS CURRENT LIABILI 152,747 60,357
NET ASSETS 152,747 60,357
FUNDS OF THE CHARITY
Restricted Income Funds 13a 32,448 0
Unrestricted Income Funds 13 120,298 60,357
152,747 60,357

These financial statements were approved by the trustees on 1 December 2021 and signed on their behalf by:

_________ M. Joseph Reeser, Trustee

15

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Statement of Compliance

The financial statements have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS102.

The trustees consider that, given the level of reserves, there are no material uncertainties about the trust’s ability to continue as a going concern.

Incoming Resources

Donations & gifts

Donations and gifts are generally only recognised when received by or on behalf of the charity. In exceptional cases where an amount is significant, gifts are recognised as income when the charity is notified of a commitment to make a donation and the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.

Income tax

Income tax recoverable on gift aid donations is recognised on a receivable basis.

Grants

Grants to the charity are accounted for as soon as charity is notified of its legal entitlement and the amount due.

Income from charitable activities

All income from events and activities is recognised when due.

Income from fund generating activities

Income raised by special fundraising events, and trading activities are accounted for in the period in which the charity is entitled to receipt.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accruals basis.

Direct Charitable Expenditure

Directly attributable expenditure has been allocated to the appropriate fund. Where costs have been shared the expenditure has been allocated to funds on the basis of their estimated consumption of expenses.

16

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

Governance

These costs include the costs of governance arrangements which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds and in charitable activities. This includes such items as external audit, legal advice for trustees and costs associated with constitutional and statutory requirements, including trustee’s meetings.

Volunteers and donated services and facilities

The value of services provided by volunteers is not incorporated into these financial statements.

Fixed Assets

Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost, or if gifted, at the value to the charity on receipt.

Depreciation is calculated on the costs or valuation of the assets at the rate of 25% (2019: 25%) using the straight line method.

Current Assets

Amounts owing to the charity at 31 December 2020 in respect of income are shown as debtors less provision for amounts that may prove uncollectable.

Funds

Funds held by the charity are either:

Unrestricted general funds. These are funds that can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds. These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

17

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

2a Donations and legacies
Donations
2b Grant Funding
Other Grants
2c Other Income from charitable Activities
Event Income
Mission Trips
Speaking fees
2d Other Trading Income
Trading Sales
2e Investment Income
Bank Interest Received
TOTAL INCOMING RESOURCES		 Unrestricted
Funds
£
186,450
186,450
0
0
677
0
300
977
10,770
10,770
45
45
198,242		 Restricted
Funds
£
7,067
7,067
75,000
75,000
0
0
0
0
0
0
0
0
82,067		 Total
Total
2020
2019
£
£
193,517
140,204
193,517
140,204
75,000
0
75,000
0
677
2,114
0
16,027
300
0
977
18,141
10,770
8,477
10,770
8,477
45
4
45
4
280,309
166,825

18

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

3. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Costs of Direct Charitable Activities Unrestricted
Funds
£
138,300
138,300		 Restricted
Total
Total
Funds
2020
2019
£
£
£
49,619
187,919
149,415
49,619
187,919
149,415

4. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITIES TYPE

Activities

Costs of Generating Voluntary income
Costs of Fund Generating Activities
Costs of Charitable Activities
Other Governance costs		 Undertaken
Total
Total
Directly
2020
2019
£
£
£
0
0
150
335
335
1,517
186,884
186,884
147,048
700
700
700
187,919
187,919
149,415
5. GOVERNANCE COSTS
Independent examiner's fee
6. NET OUTGOING RESOURCES FOR THE		 Unrestricted
Total
Total
Funds
2020
2019
£
£
£
700
700
700
700
700
700
YEAR
This is stated after charging
Independent examiner's fee
Depreciation of owned assets		 Total
Total
2020
2019
£
£
700
700
19,166
18,543

19

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

7. INFORMATION REGARDING TRUSTEES AND EMPLOYEE

Employee costs during the year:
Wages and salaries
Social security costs
Pension costs
Average number of staff employed:
Raising funds and Charitable Activities		 Total
Total
2020
2019
£
£
46,831
30,146
3,490
2,357
634
613
50,956
33,116
No.
No.
3
3
3
3

No of employees receiving remuneration of more than £60,000 during the year £nil (2019: Nil) Amount paid or reimbursed to Trustees , in their capacity as trustees - £nil (2019: Nil)

8a. Tangible Fixed Assets 2020
£		 2020
Total
£
£
Computer
and Office
Equipment		 Equipment
Total
Cost
at 1 January 2020
Additions
at 31 December 2020
Depreciation
at 1 January 2020
Charge for year
at 31 December 2020
Net Book Value
at 31 December 2020
at 31 December 2019		 0
5,211
5,211
0
622
622
4,589
0		 56,876
56,876
35,551
40,762
92,427
97,638
31,993
31,993
18,543
19,166
50,536
51,158
41,891
46,480
24,883
24,883

20

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

9. Stocks

Stocks of finished goods and goods for resale
10. Debtors
Prepayments
Accrued income
Other Debtors
11. Cash at Bank & In Hand
Current Account
Savings Account
Giving Account
12. Creditors : Amounts falling due within one year
Trade creditors
Other creditors including taxation and social security
Accruals and deferred income		 2020
£
0
0
2020
£
472
7,180
2,880
10,532
2020
£
9,839
95,127
2,839
107,806
2020
£
8,663
1,314
2,093
12,071		 2019
£
0
0
2019
£
220
12,789
240
13,249
2019
£
4,347
21,000
0
25,347
2019
£
1,491
631
1,000
3,122
13.RECONCILIATION OF MOVEMENTS IN FUNDS
Balance at
01-Jan-20
Incoming
Outgoing
£
£
£
13a. Restricted Funds
0
82,067
(7,067)
13b. Unrestricted Funds
General Fund
60,357
198,242
(180,852)
Movement in Resources		 13.RECONCILIATION OF MOVEMENTS IN FUNDS
Balance at
01-Jan-20
Incoming
Outgoing
£
£
£
13a. Restricted Funds
0
82,067
(7,067)
13b. Unrestricted Funds
General Fund
60,357
198,242
(180,852)
Movement in Resources		 13.RECONCILIATION OF MOVEMENTS IN FUNDS
Balance at
01-Jan-20
Incoming
Outgoing
£
£
£
13a. Restricted Funds
0
82,067
(7,067)
13b. Unrestricted Funds
General Fund
60,357
198,242
(180,852)
Movement in Resources		 13.RECONCILIATION OF MOVEMENTS IN FUNDS
Balance at
01-Jan-20
Incoming
Outgoing
£
£
£
13a. Restricted Funds
0
82,067
(7,067)
13b. Unrestricted Funds
General Fund
60,357
198,242
(180,852)
Movement in Resources		 Transfers
Between
Balance at
Funds
31-Dec-20
£
£
(42,552)
32,448
42,552
120,299
60,357 280,309 (187,919) 0
152,747

21

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

14. ANALYSIS OF NET ASSETS BY FUND

Restricted Funds
Unrestricted Funds		 Tangible
Fixed
Assets
£
0
46,480
46,480		 Net Current
Assets /
(Liabilities)
TOTAL
£
£
32,448
32,448
73,820
120,299
106,268
152,747

15. RELATED PARTY TRANSACTIONS

During the period the related party transactions were as stated below:

The Ramp trust gave £37,782.62 to Stella’s Voice trust (2019: £0). Mr M. Joseph Reeser is an employee of Stella's Voice.

Mr M. Joseph Reeser wife Stacie Reeser was paid a salary of £23,689.99 (2019: £23,784). During the year legal expenses of £271 were incurred to ensure that Joseph and Stacie Reeser remain in the UK

The Ramp trust gave donations of £3,366.70 to The Ramp US (2019: £16,061). £697.78 was received from The Ramp US in donations (2019: £298). £8,880 invoices were raised to The Ramp US (2019: £0) for work done by Clayton Webb. Mrs Karen Wheaton-Towe is also a Trustee of this charity.

Andrew Elmes, Trustee of the Ramp, and officer of Great Big Life Ltd, received in total £1,434.82 (2019:0) for speaker’s fees, tithe, and merchandise.

Total donations made by the trustees during the period were £13,318 (2019: £9,426). Gifts of Merchandise made by the trustees during the period were £0 (2019: £555)

16. CONTINGENCIES

The trustees have confirmed that there were no contingencies liabilities which should be disclosed at 31 December 2020.

22

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2020

17. GOING CONCERN

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

18. PENSION

The charity operates an ‘automatic enrolment’ workplace pension scheme on behalf of its employees, as required by the Pensions Act 2008. All contributions due have been fully paid.

23