The Ramar Charftsble Settlement RegiSted Charlty number 326443 CONTENTS Page Synopsis Report of the Trustees Report of the Independent Examlner ststement of Financlal Activ5ties Balance Sheet Notes to the Accounts 11>14 IIPage
The Ramar Charitable Settlement Registered Charity number 326443 SYNOPSIS AT 5 APRIL 2024 The Ramar Charltable Settlement ReB15tered Addres5: 23 Pavillon Cour¢ Mount Vernon. Frognal Rlse, London. NW3 6PZ Ronald Sidney Goldsteln Truste. The names of the Tnistees ¥rt served durlng the year ended 5 Aprll 2024 are as follows Ronald Sldney Goldsteln Hllary Ann Goldsteln Rlthard Brlan Goldsteln Mandy Laura Isaacs Allson Ruth Mendel The tntst deed allows contlnulftg trustees to appolnt addltlonal trustees with a mlnlmum of three persons and a maxlmum of Temis of Tnis The Tntstees are dlrerted to hold the capltal and Income of the trust fund for suth charttsble purposes of charltable Instltutlons as the Trustees shall In their absolute discretlon thlnk fit. The Tntstees have power to appoint capital or Income absolutely to or upon any such tharitable trusts. Durln8 a perlod of t**nty one years from 12 Ortober 1983 the Trustees were able to accumulate all or any art of the Income as an accretion to the capitsl of the trust. The perlod of accumulatlon ended on 12 October 21YJ4. Date of Establlshment 12 October 1983 21 years from 12 October 1983 Bankers: Coutts & Co 44 Strand London WC2R OQS
Ramar Charitable settknnt Registered Charlty number 326443 SYNOPSIS AT 5 APRIL 2024 IcoThtlnued) Indendent Examlner S D Clae FCA ICAEW 71 Bedford Road London N2 9DB Invesbnent Addr. Thests Investment Management Pl Exchange Building St John's Street Chichester West Sussex Po ILP Solltltors: BDB Witmans LLP One Bartholomew Close LorKlon ECIA 7BL Rqlstered Charlty Numbw 326443
The Ramar Charitable Settlement Registered Charlty number 326443 REPORT OF THE TrUSTEES The Trustees suknit thelr report and accounts forthe year ended 5 April 2024. The accounts have been prepared In accordan with the account policies set out on page 9 and comply with the Charitys trust deed and applicable law. The Trustees are re¥K•nsible for preparing the TnLStee< Report and the financial 5tatemerrts in accordance with United Klngdom Generally Attepted Accounting PrartI (United Kingdom Accountlng Standards) and applicable law. Under charity law the Trustees must not approve the financial statement unless they are satlsfied that they give a true and fr4lr view of the state of affair5 of the Charity and of its net outgoing resources for that perlod in preparing finanoal statements. the Trustees are required to: select suitable accounti pofKies and th appty then consistently. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed. subjett to any material departures disdosed and explained in the financial ststements; prepare the finala1 statements on the going coeming basis unless it Ss inapwopriate to presume that the Charlty will continue to operate. The Trustees are responslble for keeping property accounting records that are sufficient to show and explaln the Charftvs transactlons and disdose wlth reasonable accuracy at any time the financial Posttion of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and the Charity and hen taking r&3sonable steps for the prevention and detection of fraud and other Irregularftles. The Ramar Charitsble Settlanent was estsblished by a Deed dated 12 October 1983 and is an unincorporated charttable trusL The Trustees consider making grants to a broad range of United fingdom and overseas charitles, where possible concentrating on the relief of suffering and poverty and on education. Claims for individuals are not considered by the Trustees. In order to meet the objects of the Charity besL the Trustees consider appeals quarterly and make their grants on a similar timescale. l)uring a pertod of twenty two years from 12 October 1983 Tnistees were able to accumulate all of any part of the Income as an accretion to the cawal of the trusL The perk)d of accumulation ended on 12 (knber 2004. Accumulated income ha5 been Invested to produce capital growth and additlonal IoMe both of whlch to enable the trust to increase its char5tsble activitles.
The Ramar Charitable Settlement Registered Charlty number 326443 There are no plans to appoint new trustees and there are no restrlctions on the length of time that a Trustee can serve. REVIEW OF THE AcnviTIES AND FINANaAL POSITION The assets of the Charity conslst prfndpally of pmperty. Investments and cash whlch are managed so as to maintaln the value of the Trusvs Capltsl Fund whlle at the same tlme provldlng sufficient income to meets Its charltable objects. The assets are recorded on the Balance Sheet and supportlng notes at their market value on that date. Any Increase or decrease over cost on the restatement at these values Is recorded in the Ststement of Financial ActNities. Ourlng the year, the Investment portfollo fias retalned Its value In oplnlon of the Trustees. The results for the year are set out on page 7. To summarise incoming resources totalled £ICKI,169 (2023: £81.968) Charftable grants payable for 2024 totalled £63.320 {2023: £72.145) with grants to 21 or8anisations12023: 23}. This is in line wfth the le¥el of activity that the Trustees require and future annual actlvlty Is expected to be at a similar level. At the Balance Sheet date the charitable fund was valued at £1,726,70912023: £1,609,744). The Trustees are satlsfled that the trust assets are avallable and adequate to fuffil Its obllgatlons. The Trustees alm to contlmje to use IrKome generated by the Capltsl Fund to make grants to UK and overseas charities concentratlng where possible, on the relief of sufferlng and poverty and on educatlon. Rlsk fflanagement The Trustses have not identffied any specific rlsks that attach to the admlnSstration of the Trust. Grant maldng pollcy The Trustees meet regularly to consider applications from a wlde range of tharities. During the period ended 5 Aprfl 2024, the Trustees have supported charltles in a number of areas In Ilne wfth the charltsble objectives of the Foundation as set out in note 3. The Trustees will contlnue to make grants to or8antsatlons In furtherance of the Charlvs objertives
The Ramar Charitable Settlement Registered Charity number 326443 REPORT OF THE TRUSTEES {contlnued) RESERVES POUCY Income is generated from the fixed assets held by the Trustees. The balance of undistributed income resources at 5 April 2024 totalled £505,998 {2023: £469,668). Any undistributed income during the year to earmarked to direct charitable expenditure in the following year. Adequate provision has been made for future commitments of charitable expenditure. 08JEcfivES AND AcrivrTIES FOR PUBUC BENEFIT The trust is a grant making charity that seeks to relieve poverty and suffering and promote education by making grants in response to appeals by re8iStered serlice providing charitie5 that operate in this area. When considering appeals. the Trustees review the applicant is a registered charity and the nature of the appeal to identify those appeals that further its aims and meet the public benefit criteria required by its charitable status. The Trustees confirm that they have referred to the 8uidance contained in the Charity Commission's 8eneral 8uidance on public benefit when considering appeals from service providlng charltles and in plannlng future artivities. Trustees consider appeals quarterly and make grants on a similar timescale. CONCLUSIONS RELATING TO GOING CONCERN The Trustees assessment regarding going concern is Included on page 10 of these financial statements. And signed on their behalf by Richard Goldstein 6 January 2025 61 Lige
The Ramar Charftable Settlement Reglstered Charlty number 326443 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE RAMAR CHARITABLE SEMEMENT I report on the accounts of the Trust for the year ended 5 April 2024. which are set out on pages 7 to Respe¢tlve responslbllltles of trustees and examlner The Charlvs trustees are responslble for the preparatlon of the accounts. The Charfty's trustees consider that an audlt Is not requlred for this year under sectlon 14412) of the Charltles Art 2011 lthe 2011 Act) and that an independent examinatlon Is needed. It ts my responslblllty to.. examlne the accounts under sectlon 145 of the 2011 Act; to follow the procedures laid down In the general Dirertlons gfven by the Charlty Commlsslon under sectlon 145(51{b) of the 2011 Act; and to State whether partkular matters ha¥e come to my attentlon. Basts of Independent examlnerf$ report My examlnatlon was carrled out In accordan wlth the ra1 Dlrectlons glven by the Charlty Comm1551on. An examlnatlon Includes a revlew of the accountlng records kept by the ClrIty and a comparfson of the accounts presented wlth those records. It also Includes conslderatlon of anv unusual Items or dlsclosures In the accounts. and seeklng explanatlons from you as trustees ncernln8 any suth matters. The procedures undertaken do not provlde all the evldenrx that would be requlred In an audlt and consequently no oplnlon Is glven as to whether the accounts present a 'true and falr vlew, and the report Is Ilmlted to those matters set out In the statement below. Independent exaffllnerfs statement In connectlon wlth my examinatlon. no matter has come to my attentlon: (i) whlch glve5 me reasonable cause to belleve that In any materlal respert the requlrements: to keep accountlng records In accordan wlth sectlon 130 of the 2011 Act; and to prepare accounts which accord wlth the accounting records and comply with the accountlng requ5Ments of the 2011 Art have not been met; or (2) to whlch. In my oplnlon. attentlon should be drawn In order to enable a proper understsndlng of the accounts to be reached. Samuel Davld Clarke FCA ICAEW 71 Bedford Road London N2 9DB 6 January 202S
The Ramar Charltsble Settlement Reglstered Charity number 326443 Note Income Capital 2024 2023 Fund Fund Totsl Total INCOME Investment Income Donatlon Income 40.7 59392 40.7n 59,392 34,078 47,890 Totsl Income I,169 ICKI,169 81,968 Expenditure Charftable activltles 63.839 63A39 75,686 Total expendlture 63.839 63.839 75,686 Net Incomlng resources for the year before revaluatlons and Investments disposals 36,330 36330 6,282 OTHER RECOGNISED GAINS AND LOSSES Unreallsed galn Illoss) on fixed asset investments 80,635 80,635 (128,677) NET MOVEMENT IN FUNDS 36330 80,635 116,965 1122,3951 Funds brOu1t fonvard at 6 Aprll 2023 469,668 1,140,076 1,609,744 1,732,139 Funds wrled forward rt 5 2024 505,998 1.220,711 1,726,709 1,609,744 All funds are unrestrlrted
The Ramar Charitable Settlement Registered Charity number 326443 BALANCE SHEEf AS AT 5 APRIL 2024 Note 2024 2023 FIXED ASSErs Investments 1,693.838 1.570,763 1,693,838 1,570,763 CURRENT ASSEfs Cash at bank and in hand 32,871 32,871 38,981 38,981 NEf CURREHf ASSErs 32,871 38,981 TOTAL ASSErs 1,726,709 1,609,744 UNREsfRicfED FUNDS Capital Income 1,220,771 505,998 1.726.709 1,140,076 469,668 1,609,744 These Financial Statements were approved by the Trustees on 6 January 2025 Richard Goldstein Trustee
The Ramar Charftable Settlement Reglstered Charlty number 326443 NOTES TO THE ACCOUIITS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUPlllNG pouaE5 The accounts have been prepared under the hlstorlcal cost corNerslon to indude the revaluation of investments, and in accordance with the Charities Act 2011 arxl Statement of Recommended PrartI for Charitles 2015 with the following signlficant accounting policie& Investment income represents divldends and Intsrest rfvable from irNestments. DNidends are Included by reference to their due dates and interest s recorded onty when it has been received. Expendlture Charitable activltles comprise grants payable and indudes support Costs. Full provlslon Is made for all commltments of charitsble expenditure which are either legalty binding or where there is constructive obligation w1ttrt any discount for the deferral of payment unless material. Investmerrts are induded at fair value at the balance sheet date. Realised gain5 and losses on investments are reco8nised as they arise and any unrealtsed galn or loss on revaluation is tsken to the Statement of Financial Activitsts. All funds held are unrestricted. The TrteeS have c(wnplete discretion for the use of the funds in pursuan of the trusys objectives. Golns confern The finanaal statements are prepared on a going concem basts. The Triistees are fimily of the bellef that the Charity has adequate assets to continue in its present fomi. 101 Page
The Ramar tharltable Settlernent Reglstered tharlty number 326443 NOTES TO THE Accouiifs FOR THE YEAR ENDED 5 APRIL 2024 Estlmates and Judgements are contlnualty evaluated and are based on the experfence and understandlng of the Trustees The TnAStees do not believe that there are ary slgnfficant estlmates and Judgements that have a material imparton the financ statements. Baslc flnanclal Instruments such as bank balances are recogntsed at tran5aLtlon value. 2023 Anne Frank Norwood Ravenswood Communlty Securfty Trust Camp Slmcha Jewlsh Care Klsharon 2,000 15,000 6,000 7,500 10,51XI 1,500 10.0( 7.IXIO 8,500 1,500 Nl8htln8ale Hamm Unlted Jewlsh Israel Appeal World Jewlsh Rellef ujs OEC/IRC FoodBankAld Donations below £l,OLX) 2,SOO 13,5(Kl 11,000 7.750 2,500 2,500 2,645 6,070 63.320 72,145 Support costs 519 3,541 Analysls of charltable aCtfveS General charltable purposes 63.320 72,145 TOTAL 63,839 75,686 111 Page
The Ramar Charitable Settleff*nt Reglstered Charity number 326443 3 INVESTMEpif INCOME 2023 UK quoted securities 34,1 27936 Interest paid gross- UK 6,142 34A178 4 FIXED ASSEf INVEStMEPs 2023 Investment and cash under managemert UK Quoted investments I.6938 1.570.763 Fairvalue at S April 2024 1,693.838 1,570.763 2023 Fair value at 6 Apfil 2023 Additions 1.570.763 42.440 1.658,484 40,956 Net unrealtsed InveStMt 8alnllloss) 80.635 1128.677) Fair value at 5 April 2024 1.693,838 1.570.763 Historfcal cost at 5 April 2024 1.424.765 1,373,732 Investments are revalued at fair value and the year end. All Investments are held within unrestricted fun(ts. The following investments represent more than S% of the totsl investment portfollo Value Percentsze of Thesis Headway Income Fund Federated Hernies Fulcrum Income Fund L497382 106,416 88.4% 5.3% 6.3% 121 Page
The Ramar Charitsble Settlement Registered Charlty number 326443 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 CASH AT BANK Thesls 3,662 Coutts & Co 29,871 35.319 32,871 38.981 ANALYSIS OF ASSEYS AND UABILMES 8ENIEEN FUNDS Income Fund Capltal Fund Totsl Funds Flxed Assets Investments 473,127 1,220.711 1,693,838 Current Assets Cash at bank and In hand 32,871 32,871 505,998 1,220,711 1,726,709 The Income Fund comprises funds generated by the Capital Fund whlch the Trustees are free to use In accordance wtth the charitable objects. The Capltal Fund represents assets held by the Trustees in Investments. Income arisin8 from these Investments can be used in accordance with the objerts of the Charity and is InclLthd in the Income Fund. The Capltal Fund Is available to meet charitsble cornmltments as the Trustees see flL The funds are unrestrfcted. 131 Page
The Ramar Charltable Settlement Registered Charity number 326443 No trustees or person related or connected by buslness to them recelved any remuneratlon from the trust during the year ended 5 April 2024. There are no rekted party transactions other than donatlons to the Charty by the Trustees of £56,IJ)0 {2023: £47901 EMPLOYEES There were no employees of the trust durfng the year. The trustees are not aware of ary contln8ent Ilabllttles. 141 Page