Charlty r•glstrallon nvmber 267623 THE RANMORE CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE RANMORE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truslee$ L Nuckley Mrs M Wright H S Gotlc7nd C L 8ywolers D Ireland Chorlty number 267623 Audllor Pery5 Avdit knmited 4th Floor 399-4015trond London United Kingdem WC2R OLT
THE RANMORE CHARITABLE TRUST CONTENTS Pag• Trustees report stotement ol Trvstees responsibilities Independent auditor's repcwl Stotement ol linonciol octivities Balance sheet Notès to the linonciol statemenls 9-13
THE RANMORE CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and linoncicA statements lor the year ended 31 Morch 2024. The linoncial slalemenls hove been prepared in accordance wlh the accounting policies sel out in note I lo the linonciol sloternenls ond comply wlh the chority's governing document. the Chorilies Act 2011 and "Accounting and Reporting by Chorities.- Slalemenl ol Recommended Proclice applicoble lo chorities preparing their occounts in occordonce with the Financiol Reporting Stondord applicoble in the UK ond Republic ol Ireland IFRS 1021" lellective l Jonuary 20191. Oblecllves ond ocllvllles The chority's principal oim 15 to 5VPPOrt the ekjerfy ond the poor 05 extended by the general charitable objective contoined In the tnjst deed doted 25 Morch 1975. Achl•v•m•nts ond p•rfomionc• The chority gives donolions to olher choritie5 lor use in their work focvsing on Ihose whose octivities will benefit principolly the eldety or poor. Flnanclal r•vl•w The Trustees hove decided lo keep charitable lund5 in deposits. Income comes from shores held by the charity and interest on deposils. After reviewing the cash and deposit ba&Jnce5 the trustee5 have reasonable expectation Ihat the charity has adequate resources lo continue in operolionol existence lor the foreseeable lulure. For this reason, they continue lo odopl the going concem bosis in preporing the linoncial slalements. Strvclvr•. gov•manc• and manag•m•nl The Trustees who served during the yeor and up lo Ihe dale o15ignolure of Ihe linoncial slalemenls were.. L Nuckley Mrs M Wright H S Gotlond C L Bywotèrs D Ireland Mrs J I C Suckling IDèceased 5 June 20241 ruilment ointm nlof I st The management ol the chority is the responsibiltty of the Trust&&s who ore el&cted ond co-opled under the terms ol the Trust deed. Mrs JIC Suckling wos appoirited ot the commencemenl of the chority and Mis Mary Wright. Mrs Linda Nuckley. Rev'd Dovid Irelond ond Mi55 Hollie Gorfond were coopted subsequently. Mi55 Choilotte Bywotèls W05 oppointÈd in 2019. anisotionol structure A5 the charity is small, oll decisions are mode by the tnjstees.
THE RANMORE CHARITABLE TRUST TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees report was opproved by the Board ol Trustees. AI (Sun 12th Trustee 9 Jonuory 2025
THE RANMORE CHARITABLE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees ore responsible lor preparing the Trustees Report and Ihe financial stotemenls in accordonce with opplicoble low ond United Kingdom Accounting Stondards (United Kingdom Gerneral Accepled Accounling Procticel. The low opplicoble to chorilies in England ond Woles reqvires the Trustees lo prepore finonciol stotemenls lor eoch linanciol yeor which give o ITve and laii view ol Ihe stole of offoirs ol the chorily ond ol the incoming rèsources ond opplicolion ol resovrces ol Ihe chcwity for that yeor. In preporing these linonciol stotements. the Trvstees ore required to: select suitoble occounling policies ond then oppty them consislentty- - observe the method5 ond principles in the Chorities SORP- - make judgements and e51imote5 that ore re050nable and prvdent.. 5tote whether opplicable accounting 5tondard5 hove been followed. Subject to ony materiol deporture5 disclosed and exploined in the finonciol statements.. ond prepare the financial statement5 on the going concem basis unless il is inappropriate to presume that the charity will continue in operation. The Trustees are responsible lor keeping sufficient accovnting record5 thot disclose with reasonoble accuracy at any lime the financial position ol the charity ond enoble them to ensure Ihol the financial statements comply with the Charilies Act 2011. the Chority (Accounts ond Reporlsl Regulations 2008 and the provisions ol the trust deed. They ore also responsible lor saleguording the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fravd and other irregulorilies.
THE RANMORE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE RANMORE CHARITABLE TRUST Oplnlon We hove oudiled the finoncial slolements ol The Ranmore Choriloble Trust Ilhe 'charily'l lor the yeor ended 31 Morch 2024 which comprise the stotemenl ol finonciol octivities. the bolance sheet and noles to the liriancial slotemernts. including significont occounling policies. The linoriciol reporting Iromework thol hos been opplied in their preporolion is opplicable k)w and United Kingdom Accounting Slandords. including Finonciol Reporting Slondord 102 The Fjnonciol Reporting Slondord applicable in the UK ond Republic of Irelond Iunitéd Kingdom Generolly Accèpted Accounting Procticèl. In our opinion. the finonciol stotements.. give a tnJe and fair view of Ihe slote of the charity's offoirs 05 at 31 March 2024 and ol its incoming resources and opplicotion of resources. fu the yeor then ended,. hove been property prepored in occordancè with United Kingdom Genero#y Accepted Accounting Proclic&.' ond hove been prepored in accordonce wlh the requirement5 of the Chorities Act 2011. Basls for oplnlon We conaucled our oudil in occordonce with Inlemotionol Stondords on Auditing IUKI IISAS IUKII and applicoble low. Our responsibilities vnder those stondords ore further describetJ in the Avdilor's responsibilities for the oudil ol Ihe linonciol slolemenls section ol our report. We ore independent ol the chority in occordonce with the elhicol requirements Ihot ore relevont to our oudil ol the linoncial stotemenls in the UK. inclu¢Jing the FRC'S Elhicol Stondord. ond we hove Ivllilled our olhei ethical responsibilities in occordornce wilh these requirements. We believe thot the oudit evidence we hove obtained is sullicienl ond oppropriote lo provide o bosis lor our opinion. Coneluslons r•lotlng lo g¢lng ¢on¢•m In auditing the linoncial slolements. we have concluded Ihal Ihe Trvslees use ol the going concem basis ol accounting in the preparation ol the lincncid slalements is appropriate. Based on the work we have performed. we have not idenlilied any material uncertainties relating lo events or conditions Ihol. Individvol or collectively. may cast significant doubl on the chorily's ability lo continue as a going concern lor a period ol at leost Iwelve monlhs from when the financial statements are aulhorised for issue. Our responsibilitiès and the responsibilities ol me Trustees with respèct lo going concem orè describèd in th& relevant sectiong ol this report. Olh•r Infofmallon The other informotion compri5e5 Ihe infoallOn includecl in the annual report other thon the finar)cial stotements ond our ouditor's report thereon. The Trustee5 ore responsible for the other inlormotion contoined within the annual report. Our opinion on the financial statemen15 doe5 not cover the other information and we do nol expre55 any form of assurance conclusion thereon. Our responsibility is lo read the other information ond, in doing so. consider whether the other information is materially incon5islenl with Ihe financial statement5 or ovr knowledge obtained in the course of the oudit, or otherwise oppeors lo be molerially missloled.lf we idenlify such maleriol inconsislencies or opparenl molerial misstalemenls. we are required to delermine whether this gives rise lo a moleriol misslatemenl in the financial slotemenls themselves. 11, based on the work we hcwe perfomied. we conclude Ihot there is a moterial misslatemenl ol this other information. we are required lo report that fact. We have nothing lo report in Ihis regord.
THE RANMORE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE RANMORE CHARITABLE TRUST Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Chorities IAccountS and Reportsl Regulotion5 2(K)8 require us to report to you if. in our opinion- the informotion given in the finoncial statemen15 15 incon51Stent in any moterial respect with the Truslees report.. or sufficient accounting records hove not been kept: Of the financial stolements are not in ogeement with the accounting records.. or we have not recebved all the information and explanolions we requ*e lor our audit. R•sponslbllWl•i of Trvsl••s A5 explained more lully in the Statement ol Trustees responsibilities. Ihe Trustee5 ure responsible lor the preporotion ol the linonciol 5totement5 ond for being 50t15fied that they give u true ond loir view. ond lor such inlernal conlrol 05 Ihe Trustees determine is necesscyy to enoble the preporotion of financial stotements that ore tree from moteriol misstotemenl. whether due to froud or error. In preparing the financial slatement5. the Trustees are responsible for asse55ing the charity's ability to continue 05 0 going concern. disclosing. os applicable. motter5 related to going concem and using the going concern ba515 of accounting unless the Trustees either intend lo cease operations, or have no reolislic ollernalive bul lo do so. Audllor's responslblllll•s lor Ihe avdll of lh• financkJl stalementS Wè hav6 been oppointed os audilor under seclion 14S ol the Ch(xili?s Act 2011 and report in accorclance with the Acl on¢J relevonl regvlotions mo¢Je or hoving effect therevnder. Our objectivès ore lo obtain reasonoble ossuronce about whethèr the financial slal&ments as o whole ore free from moteriol misslolement. whether due to Irovd <y error. ond to issue on ouditor's report thol includes our opinion. Reosonoble 01)ronCe is o hi9h level of Ossuronce but is not o guorontee thol on audit conducted in occordonce with LSAS IUKI wll (Awoys detect o moteriol misslotement when il exists. Misslotements con orise from fvoud or effor ond ore considered maleriol il. individually or in the Oggregote. they could reosonobly be expected to inllvence the economic decisions ol users token on the b05is ol these linonciol stotemenls. The extent to which our procedures ore cop&)le ol detecting Yregulorities. includin9 froud, is detoiled below.. We gained an unclerstonding of Ihe legol ond regulotory Iramework opplicoble to the charity, ond considered Ihe risk ol octs by the chorily thot were controry to opplicoble Iow5 ond regulotions, including fraud. We designed oudit procedvre5 to respond to the risk. recognising that the risk of not detecting u moterial mi5Stotement due to froud 15 higher thon the risk of not detecting one re5ulling from error. 05 fraud may involve deliberale conceolrnenl by. lor exomple. forgery or intentional misrepresenlalions, or through collusion. We focused on laws and regubtions which cOd give rise lo a maleriol mi551alemenl in the financial slatemenls. including. bul not lirniled lo. the Charities acl 2011. Our tests included ogreeing the financial statement disclosures lo undertying supporting docvmenlotion ond enquirie5 Wlth monagement. We did not identify any key ovdil mallers relating lo iegUlalIes. inclvding fraud. As in all our audits. we also addressed Ihe risk of manogemenl override ol internol controls. including lesling journals and evaluating whether there was evidence ol bios by the Iruslees that represented a risk ol material misslalement due lo fraud.
THE RANMORE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE RANMORE CHARITABLE TRUST A further de5CriPtion of ovr responsbilitie5 is ovailoble on the Finoncial Reporting Council'5 website at.. hllp5'./lwww.frc.org.uk/audilor5re5ponsibilities. This description forms part of our auditorfs report. other mallers Your attention is drown to the loct thol Ihe charity has prepored linonciol slolemerits in occordance with Accounting ond Reporting by ChoritÈs: Slotement ol Recommended Practice applicable lo chofilies preparing their occounls in occcxdonce wilh Ihe Finonciol Reporting Stondord opplicoble iri the UK and Republic ol Irelond IFRS 1021 los omendedl in preference to the Accounling and Reporting by Chorities.. Slolement ol Recommendèd Proctice issued on l April 2(X)5 which is releired to in thè extant regulalions but has now been withdrown. This has been done in order lor the linonciol 5totements to provide o tnje ond loir view in occordonce with current General Acceple(J Accounting Proctice. The comporotives hove not been ouoited. Use ol osjr r•p¢rt This report is made solely lo the charity's Iru51ees. os a body. in occordonce wlh part 4 01 the Chafilies (Accounts and Reports) Regulations 2CX)8. Our oudil work has been undertaken so that we might stole lo the chaiily's Iruslees those matters we are required lo slate lo them in an auditor's report ond lor no other purpose. To the fullest exlenl permilled by law. we do not occepl or assume responsibility lo anyone other thon the chorily ond the chorily's Iruslees os a body. lor ovr oudit work. lor this report. or lor the opinions we hove lomed. Scott Jlgglns {Senlor Stotulory AudAow) for and on b•hall ol P•rys Audll Umll•d LJ.4 L,-4a FAWttIhgM+T•y.11hJ1ffl 2025 6llOy GPAf) Chart•r•d Accountants Slulut¢)ry Audll¢r 4th Floor 399401 Strand London United Kingdom WC2R OLT Perrys Avdit Limited is eligible lor (Jppoinlrnent 05 ovdilor of the chority by Virtue ol it5 eligibility lor oppointmerit Qs ouditor ol o compony under 5ectiorb 1212 01 the Componie5 Act 2006.
THE RANMORE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UnTeslrfcted funds 21Y24 Unrestrfcted Ivnds 2023 Noles Income from= Investments 25.341 18,995 Charitable activities 57.890 73,011 Net expendFture and movement In Ivnds 132.5491 154,0161 Reconclllallon ol funds: Fund bolonces al l April 2023 1.023.575 1.077.591 Fund balanc•s al 31 March 2024 991.026 1.023.575 The staternenl ol linancial octivitie5 includes all gains and losses recognised in the year. All income ond expenditure derive from continuing actwities.
THE RANMORE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not•s Flxed os5els Investments 640.2 640.200 CuNent assets Cash ot bonk ond in hond 353.706 383,375 Credllor5'. omovnts lollng due wllhln one year Net current Q55et5 350.826 383,375 Tolol a55els le55 current IlobllAle5 991.026 1,023,575 Th• lunds ol th• chartty Unreslricled funds 991.026 1,023,575 991.026 1,023,575 12 Jan 2025 The financial stolemenls were opproved by the Truslees on ......................... 'LIfiTY'WIi 'h'i.jYli4>Ai ièun. iahJ Trustee
THE RANMORE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountln9 pollcles Chortty Inlormotlon The Ranmore Choriloble Twsl is o chariloble Irusl. 1.1 Accounlln9 convenllon The linonciol slolemenls have been prepared in occordance wilh the chorily's goveming document. the Chorilies Acl 2011. FRS 102 "The Finoncial Reporting Slandord applicable in the UK and Republic ol Ireland" I'FRS 102,1 and the Chorities SORP"Accounting and Reporting by Chorities.. Slalement ol Recommended Proclice opplicoble lo charities preporing their accounts in accordance with the Finoncial Reporting Slondord opplicable in Ihe UK and Republic ol Irelond IFRS 1021" lelleclive l Jonuary 20191. The charity ts o Public Benefit Enlily as defined by FRS 102. The chority hos token odvontoge ol Ihe provisions in the SORP l<y chorities not to prepare o Slolement ol Cosh Flows. The linanciol statement5 have dep¢yted from the Charities IAccovn15 and Reportsl Regulation5 2CIJ8 only to the extent required to provide a true ond foy view. This deporture has involved following the Slalernent of Recommended Practice for chorities opplying FRS 102 rather than the version ol the Slalemenl ol Recommended Proctice which is referred lo in the Regulation5 bul which ha5 since been wilhdrown. The finonciol stotemenls ore prepored n steding. which is the funclionol currency ol the chor51y. Monetory omounts in these linonciol stotements ore rovnded to the neorest £1. The linonciol stolements hove been prepored under the historicol cost convention. The principal occounlin9 policies odopted ore set out below. 1.2 Golng concern Al the lime ol approving Ihe ffnoncial statemen15. the Trvstees have o rea50nab1e expeclution that the chority hos adequote resources to conlinve in operotionol existence for the foreseeable future. Thu5 the Trustees continue lo odopt the going concern b05is of accounting in preparing the linoncial slalements. 1.3 CharUble Ivnds Unre51ricled funds are available for use at the discretion ol the Twstees in furtherance ol their charitable objectives. Re51ricled funds are subject 10 Specific conditions by donors or ganlors as lo how they may be Used. The purposes ond uses of Ihe restricted ndS are sel oul in the note5 to the financial statements. Endowment fund5 are svbject to specific condilions by donors that the capital must be muinlained by the charity. 1.4 Income Incorne 15 recognised when the chority is legolfy entifled to it ofter ony perfomonce conditions hove been met. the amounts con be meosured ieliobly. ond it is probable thot income will be received.
THE RANMORE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Atcountlng polltles {Contlnutd) Cash donolions are recognised on receipl. Other donations are recognised once the charity has been notified of the donation. unless performance condilions require deferral ol the amount. Income lox recoveroble in relolion to donations received under Gift AKI or deeds ol covenant is recognised al the lime ol the donation. Legacies are recognised on receipt or otheise il Ihe choily has been notified ol an impending distribution. the amount is known. and receipl is expected. 11 the amount is not known. the legacy is treated as o contingent ossel. l.S ExpendVI• Expenditure 15 recogni5ed once there is a legal or constructive obligotion to tronsfer economic benefit to a third porty. it 15 probable thot a tron51er ol economic benelils will be required in settlement. ond the omovnt ol the obligation con be meosured reliably. Expenditure 15 cl055ified by oclivily. The costs ol each octNity 17e made up of the total ol direct c0515 and shored costs. including support cost5 involved in vndertaking each activity. Direct C051$ altributoble to a single octivity ore albcoted directty to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable lo a single activity ore apportioned between those activities on a bas15 consislent with the use ol resource5. Central sloll cos15 are allocated on the b05is ol lime spenl. and depreciation chorges are allocated on the portion ol the osset'5 use. 1.6 Flx•d ass•1 Inv•slm•nls Fixed asset investments are initially measured ol cost and subsequently meosured al cost less ony accumulated impairmenl losses. The investments are 055es5ed for impoirmenl al each reporting dale and any impoirmenl losses or reversals ol imparmenl losses are recognised immediately in nel incomellexpendilurel lor the year. 1.7 Cush and cosh tqv1vanI1 Cosh ond cosh equivolents include cosh in hond. deposits heltJ ot coll wilh bonks. other shorl-tem liquid investments with originol motvrities ol three months or less. ond bonk overdiofts. 8onk overdrofts ore shown within borrowings in current liabiMies. aslc flnanclol assets Basic linanciol assets. which irnclude dèblots ond cash and bonk balorncès. alè iniliolly meosur6d ol transaction price irncluding tronsoction costs ond ore subsequently cortied at omortised cost using the elle¢tive interest method unle55 the ortongernent constitute5 o finori¢ing tior150¢tion. where the transaction is measured ot the present volue of the future receipt5 di5¢0unted at o rnorket rote ol intÈré5t. Finon¢ial osse15 c1055iliÈd a5 re¢eivoble wlhiri one yeor ore not omorti5ed. 10-
THE RANMORE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Atcountlng polltles {Contlnutd) Baslc Ilnancial Ilabilllles 8051c financial liabilitie5. including crerfitors ond bonk lo(ns ore initiolty recognised at transaction price unle55 the orrongement con51itute5 o finoncing tronsQCtion. where the debt Instrument 15 measured ot the presenl value of the tUre poyment5 discounted at o maiket rote ol interest. ¥inonciol liobilitie5 clo55ified 05 poyoble within one yeor ore not omort15ed. Debt in51rument5 ore 5vb5equentty corried at omortised c05t. Using the effeclive interest role method. Trade creditors are obligations to pay for goods or Services thot have been acquired in the ordinary course of operotions from suppliers. Amovnts poyoble ore clossified 05 current liobilities if poymenl is due within one year or less. If not. they ore presented as non<urrent liobilities. Trade creditors ore recognised initiolly ot tronsoction price ond Subsequent measvred ot amortised c05t using the elleclive interest method. D•iecoqnlllon offlnanclal Ilablllmtrs Financiol liabilities ore deiecogni5ed when Ihe charity's conlraclual obligations expire or ore discharged or cancelled. Incom• from Inv•stm•nts Unr•strlcled Unr•stslcled lunds Ivnds 2024 2023 Income from unlisted investmen15 Interesl receivoble 20,856 4.485 17,380 1.615 25.341 18.995 Exp•ndSlure on charSlable actSvllles Charllable acllvltlfrs 21Y24 Charflable octlvltles 2023 Dlrètt eosts Charitoble expendilure donations Choritoble expendituie - bank chor5 Charitoble expenditure- accountancy 55,(Kx) 73,ClJO 2,880 57.890 73,011 Anolysls by fund Unrestricted funds 57.890 73.Ql I
THE RANMORE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tru3tee3 None ol the Trustees lor ony persons connected wilh them) received any remunerolion or benefits from the chority during the yeor. Employees The average monlhly number of employees dvring the year wo5= 2024 Nvmber 2023 Nvmber There were no employees whose onnucl remvnerotion wos more Ihon £60.CW. R•munerallon ot key manaqemenl personnel No iemunerotion was received by key monogemenl personnel. Taxallon The chority is exernpl from toxotion on its ¢Xtivities bectsjse dl its income is opplied lor choritoble purp05e5. Flx•d asid Inv•slm•nls Unllst•d Invèstments Cosl or volvotlon Al l April 2023 & 31 Morch 2024 640,200 CaIng arnovnl Al 31 March 2024 640.200 Al 31 March 2023 640.200 Credll¢y5'. omounts laulng due wllhln one yeur 2024 2023 A¢¢ruols ornd deferrèd income 2.880 12-
THE RANMORE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Vnre5trlcted fvnds The unreslricled funds ol the chorily comprise Ihe unexpended bolanceg ol donolions and gronls which are not subject lo specific conditions by donors ond grantors as lo how they may be used. These include designoled funds which have been sel aside out of unreslricled funds by the Irusleeg for specific purposes. At l Aprll 2023 Incomlng restsurees R•sourc•s At 31 Moich èxpend•d 2024 Generol funds 1.023.575 25.341 157.8901 991,026 Pr•vlous year At l Aprfl 2022 Incomlng rewurces Resovrc•s At 31 March expended 2023 General funds 1,077.591 18.995 173,0111 1,023,575 10 R•lol•d p¢th tronsocllons During the year. the charity received rfividends omounling lo £20.856 from a company in which the charity and trustee5 hold 5hore5.12023.' £17.3801 13-