Trustees’ Annual Report for the period from 22.09.22 to 31.03.23
Charity name: The RAM Foundation
Charity registration number: 1200448
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The RAM Foundation strives to further purposes that are exclusively charitable within the laws of England and Wales as may be determined from time to time by the charity trustees, in particular through the making of grants and donations. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Donations |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Confirmed. |
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The RAM Foundation has used the funds made available to it in the relevant period to achieve donations to MOTL (March of the Living), to provide support for their 2023 expedition. |
| Financial Review | ||
| Review of the charity’s financial position at the end of the period |
Para 1.21 | See accounts |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees meet regularly to discuss the appropriate financial strategy for the charity. |
| Amount of reserves held | Para 1.22 | £121,871.24 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The trustees do not have any concerns regarding the charity continuing as a going concern. |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Donations from Trustees and the pension fund of the Trustees. |
|---|---|---|
Structure, Governance and Management
| Description of charity’s trusts: | See Constitution | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charitable Incorporated Organisation Foundation Model Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The trustee eligibility criteria is set out in clause 9.2 of the Ram Foundation Governing Document. Trustees (other than the original trustees), must be appointed by a resolution passed at a properly convened meeting of the charity trustees. |
Reference and Administrative details
| Charity name | The Ram Foundation |
|---|---|
| Other name the charity uses | None |
| Registered charity number | 1200448 |
| Charity’s principal address | 111 Charterhouse Street, London EC1M 6AW |
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Russell Mark Abrahams | Trustee | n/a | n/a | |
| Michelle Louise Smaje | Trustee | n/a | n/a | |
| KeelyJayne Durrant | Trustee | n/a | n/a |
Funds held as custodian trustees on behalf of others
Description of the assets held None in this capacity Name and objects of the charity N/A on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A Other optional information N/A
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature ............................................................. Full Name Russell Abrahams Position: Trustee Date 11[th] January 2024 Signature ............................................................. Full Name Michelle Smaje Position: Trustee Date 11[th] January 2024 Signature .............................................................. Full Name Keely Durrant Position: Trustee Date 11[th] January 2024
The RAM Foundation 22/09/2022 - 31/03/2023
FINANCIAL SUMMARY
| FINANCIAL SUMMARY | ||
|---|---|---|
| Bank Account | ||
| Balance b/f at start of financial year | £0.00 | |
| Paid in: | ||
| Income from Events | - | |
| Income from fundraising | - | |
| Income from Donation to Fund | £127,946.43 | |
| Interest from bank | £587.75 | |
| £128,534.18 | ||
| Paid out: | ||
| Event related costs | £6,460.74 | |
| Bank charges | £3.25 | |
| Donations made | £198.95 | |
| £6,662.94 | ||
| Balance as at 31/03/2023 | £121,871.24 | |
| Balance in current account at 31/03/23 | £3,337.31 | |
| Balance in deposit account at 31/03/23 | £118,533.93 | |
| £121,871.24 |
Independent gxaminer's report to the Trustees of The RAM Foundatlon I report lo the Trustees on my examination of the accounts of The RAM Foundation {'the Charity'l for the year ended 5 April 2023. Responslbilities and basi5 Of report As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'i. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act. In carrying out my examination, I have followed all the applicable directs'ons given by the Charity Commission under section 145{51(bl of the Act. Independgnt gxaminerfs statement I have completed my examination. I confi'rm that no material matters have Come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity, as required by section 130 af the Act,, or the accounts do not accord with those records., or the accounts do not compty with the applicable requirements concerriing the form and conlenl of accounts set out in the Chaiities (Accounts and Reports) Regulations 2008, 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. I have no concern5 and have come across no other matter5 in connection with the examination to which allenlion should be drawn in this repoil in order lo enable a proper understanding of the accounts lo be reached. Angela Allan 111 Charterhouse Street, London EC1M 6AW 20th July 2023