The Ramar Charitable Settlement
(Registered Charity 326443)
ACCOUNTS
FOR THE YEAR ENDEDS APRIL 2025
The Ramar Charitable Settlement Registered Charity number 326443
CONTENTS
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|a|Page|
|Synopsis|2-3|
|Report of the Trustees|4-6|
|Report of the|Independent|Examiner|7|
|Statement|of|Financial|Activities|8|
|Balance|Sheet|9|
|Notes to the Accounts|10-14|
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The Ramar Charitable Settlement Registered Charity number 326443
SYNOPSIS AT 5 APRIL 2025
Title:
The Ramar Charitable Settlement
Registered Address:
23 Pavilion Court, Mount Vernon, Frognal Rise, London, NW3 6PZ
Settlor:
Ronald Sidney Goldstein
Trustees:
The names of the Trustees who served during the year ended 5 April 2025 are as follows
Ronald Sidney Goldstein Hilary Ann Goldstein Richard Brian Goldstein Mandy Laura Isaacs
Alison Ruth Mendel
The trust deed allows continuing trustees to appoint additional trustees with a minimum of three persons and a maximum of seven.
Terms of Trust:
The Trustees are directed to hold the capital and income of the trust fund for such charitable purposes of charitable institutions as the Trustees shall in their absolute discretion think fit. The Trustees have power to appoint capital or income absolutely to or upon any such charitable trusts.
During a period of twenty one years from 12 October 1983 the Trustees were able to accumulate all or any art of the income as an accretion to the capital of the trust. The period of accumulation ended on 12 October 2004.
Date of Establishment 12 October 1983
Accumulation Period:
21 years from 12 October 1983
Bankers: Coutts & Co 44 Strand London WC2R 0QS
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The Ramar Charitable Settlement Registered Charity number 326443
SYNOPSIS AT 5 APRIL 2025 (continued)
Independent Examiner S D Clarke FCA
ICAEW 71 Bedford Road London N2 908
investment Address: Thesis Investment Management Plc Exchange Building St John’s Street Chichester West Sussex PO19 1LP
Solicitors:
Howard Kennedy No 1 London Bridge London SE1 9BG
Registered Charity Number 326443
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The Ramar Charitable Settlement Registered Charity number 326443
REPORT OF THE TRUSTEES
The Trustees submit their report and accounts for the year ended 5 April 2025. The accounts have been prepared in accordance with the account policies set out on page 9 and comply with the Charity’s trust deed and applicable law.
STATEMENT OF THE TRUSTEES RESPONSIBILITES
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law.
Under charity law the Trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its net outgoing resources for that period in preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply then consistently;
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make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concerning basis unless it is inappropriate to presume that the Charity will continue to operate.
The Trustees are responsible for keeping property accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position 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 hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
CONSTITUTION AND CHARTIABLE OBJECTVES
The Ramar Charitable Settlement was established by a Deed dated 12 October 1983 and is an unincorporated charitable trust.
The Trustees consider making grants to a broad range of United Kingdom and overseas charities, 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 best, the Trustees consider appeals quarterly and make their grants on a similar timescale.
During a period of twenty two years from 12 October 1983 the Trustees were able to accumulate all of any part of the income as an accretion to the capital of the trust. The period of accumulation ended on 12 October 2004. Accumulated income has been invested to produce capital growth and additional income both of which to enable the trust to increase its charitable activities. The Trustees’ investment powers are unrestricted.
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The Ramar Charitable Settlement
Registered Charity number 326443
There are no plans to appoint new trustees and there are no restrictions on the length of time that a Trustee can serve.
REVIEW OF THE ACTIVITIES AND FINANCIAL POSITION
The assets of the Charity consist principally of investments and cash which are managed so as to maintain the value of the Trust’s Capital Fund while at the same time providing sufficient income to meets its charitable objects. The assets are recorded on the Balance Sheet and supporting notes at their market value on that date. Any increase or decrease over cost on the restatement at these values is recorded in the Statement of Financial Activities.
During the year, the investment portfolio has retained its value in the opinion of the Trustees.
The results for the year are set out on page 7. To summarise incoming resources totalled £105,331 (2024: £100,169) Charitable grants payable for 2025 totalled £68,125 (2024: £63,320) with grants to 18 organisations (2024: 21). This is in line with the level of activity that the Trustees require and future annual activity is expected to be at a similar level.
At the Balance Sheet date the charitable fund was valued at £1,773,622 (2024: £1,726,709).
The Trustees are satisfied that the trust assets are available and adequate to fulfil its obligations.
FUTURE PLANS
The Trustees aim to continue to use income generated by the Capital Fund to make grants to UK and overseas charities concentrating where possible, on the relief of suffering and poverty and on education.
Risk management
The Trustees have not identified any specific risks that attach to the administration of the Trust.
Grant making policy
The Trustees meet regularly to consider applications from a wide range of charities. During the period ended 5 April 2025, the Trustees have supported charities in a number of areas in line with the charitable objectives of the Foundation as set out in note 3.
The Trustees will continue to make grants to organisations in furtherance of the Charity’s objectives
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The Ramar Charitable Settlement Registered Charity number 326443
REPORT OF THE TRUSTEES (continued)
RESERVES POLICY
Income is generated from the fixed assets held by the Trustees. The balance of undistributed income resources at 5 April 2025 totalled £542,691 (2024: £505,998). 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.
OBJECTIVES AND ACTIVITIES FOR PUBLIC 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 registered service providing charities 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 guidance contained in the Charity Commission’s general guidance on public benefit when considering appeals from service providing charities and in planning future activities. 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
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(Ruyee)
Richard Goldstein
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10 September 2025
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The Ramar Charitable Settlement Registered Charity number 326443
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE RAMAR CHARITABLE SETTLEMENT
| report on the accounts of the Trust for the year ended 5 April 2025, which are set out on pages 7 to 8.
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:
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e examine the accounts under section 145 of the 2011 Act;
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e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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e tostate whether particular matters have come to my attention.
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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Samuel David Clarke FCA ICAEW 71 Bedford Road London N2 9DB 10 September 2025
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The Ramar Charitable Settlement Registered Charity number 326443
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| Note | Income | Capital | 2025 | 2024 | ||
|---|---|---|---|---|---|---|
| Fund | Fund | Total | Total | |||
| £ | £ | £ | £ | |||
| INCOME | ||||||
| Investment income | 3 | 41,771 | - | 41,771 | 40,777 | |
| Donation income | 63,560 | - | 63,560 | 59,392 | ||
| Total income | 105,331 | - | 105,331 | 100,169 | ||
| Expenditure | ||||||
| Charitable activities | 2 | 68,638 | - | 68,638 | 63,839 | |
| Total expenditure | 68,638 | - | 68,638 | 63,839 | ||
| Net incomingresourcesfortheyearbefore | 36,693 | - | 36,693 | 36,330 | ||
| revaluations and investments disposals | ||||||
| OTHER RECOGNISED GAINSAND LOSSES | ||||||
| Unrealised gainon fixed asset investments | 4 | - | 10,220 | 10,220 | 80,635 | |
| NETMOVEMENT IN FUNDS | 36,693 | 10,220 | 46,913 | (122,395) | ||
| Funds brought forward at6April 2024 | 505,998 | 1,220,711 | 1,726,709 | 1,609,744 | ||
| Funds carriedforward at5April 2025 | 542,691 | 1,230,931 | 1,773,622 | 1,726,709 | ||
| Allfundsareunrestricted |
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The Ramar Charitable Settlement Registered Charity number 326443
BALANCE SHEET AS AT 5S APRIL 2025
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Note
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FIXED ASSETS
Investments 4
CURRENT ASSETS
Cash at bank and in hand 5
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NET CURRENT ASSETS
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2025 2024
£ £
1,762,188 1,693,838
1,762,188 1,693,838
11,434 32,871
11,434 32,871
11,434 32,871
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TOTAL ASSETS
| TOTAL ASSETSASSETS | 1,773,622 | 1,726,709 | |
|---|---|---|---|
| UNRESTRICTEDFUNDS | |||
| Capital | 6 | 1,230,931 | 1,220,711 |
| Income | 6 | 542,691 | 505,998 |
| 1,773,622 | 1,726,709 |
These Financial Statements were approved by the Trustees on 9 September 2025
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. __
(Roeca)
Richard Goldstein
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Trustee
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The Ramar Charitable Settlement Registered Charity number 326443
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
ACCOUNTING POLICIES
The accounts have been prepared under the historical cost conversion to include the revaluation of investments, and in accordance with the Charities Act 2011 and Statement of Recommended Practice for Charities 2015 with the following significant accounting policies.
Investment income
Investment income represents dividends and interest receivable from investments. Dividends are included by reference to their due dates and interest is recorded only when it has been received.
Expenditure
Charitable activities comprise grants payable and includes support costs.
Future commitments
Full provision is made for all commitments of charitable expenditure which are either legally binding or where there is constructive obligation without any discount for the deferral of payment unless material.
Investment
Investments are included at fair value at the balance sheet date. Realised gains and losses on investments are recognised as they arise and any unrealised gain or loss on revaluation is taken to the Statement of Financial Activities.
Status of funds
All funds held are unrestricted. The Trustees have complete discretion for the use of the funds in pursuance of the trust’s objectives.
Going concern
The financial statements are prepared on a going concern basis. The Trustees are firmly of the belief that the Charity has adequate assets to continue in its present form.
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The Ramar Charitable Settlement
Registered Charity number 326443
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
Financial instruments and critical accounting estimates and judgements
Estimates and judgements are continually evaluated and are based on the experience and understanding of the Trustees The Trustees do not believe that there are any significant estimates and judgements that have a material impact on the financial statements.
Basic financial instruments such as bank balances are recognised at transaction value.
| 2 | CHARITABLE ACTIVITIES | 2025 | 2024 |
|---|---|---|---|
| £ | . £ |
||
| Anne Frank | 2,000 | 2,000 | |
| Norwocd Ravenswood | 10,000 | 10,000 | |
| Community SecurityTrust | 7,500 | 7,000 | |
| CampSimcha | 15,000 | 7,500 | |
| Jewish Care | 12,500 | 8,500 | |
| Kisharon | 1,500 | 1,500 | |
| GriefEncounter | 2,500 | 0 | |
| UnitedJewish Israel Appeal | 7,500 | 11,000 | |
| WorldJewish Relief | 3,000 | 7,750 | |
| Donations below£1,000 | 6,625 | 8,070 | |
| 68,125 | 63,320 | ||
| Supportcosts | 513 | 519 | |
| Analysis ofcharitable activities | 68,638 | 63,839 | |
| General charitable purposes | 68,125 | 63,320 | |
| TOTAL | 68,638 | 63,839 |
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The Ramar Charitable Settlement
Registered Charity number 326443
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
| 3 INVESTMENTINCOME |
2025 | 2024 |
|---|---|---|
| £ | £ | |
| UKquoted securities | 28,738 | 34,112 |
| Interest paidgross—UK | 13,033 | 6,665 |
| — 4L771—~—~”~<“‘«~‘;™*‘SO;«CTIIZ=C |
||
| 4 _ FIXEDASSETINVESTMENTS | 2025 | 2024 |
| £ | £ | |
| Investmentand cash undermanagement | ||
| UKQuoted investments | 1,762,188 | 1,693,838 |
| Fairvalue at5 April 2025 | 1,762,188 | 1,693,838 |
| UKquoted investments | 2025 | 2024 |
| £ | £ | |
| Fairvalue at6 April 2024 | 1,693,838 | 1,570,763 |
| Additions | 58,130 | 42,440 |
| Net unrealised investmentgain | 10,220 | 80,635 |
| Fairvalue at5 April 2025 | 1,762,188 | 1,693,838 |
| Historical costat5April2025 | 1,480,063 | 1,424,765 |
| Investments are revalued atfairvalue andthe yearend. | ||
| All investments are held within unrestricted funds. | ||
| Thefollowing investments representmorethan5% | 5%of | |
| the total investment portfolio | Value | Percentage of |
| total | ||
| £ | ||
| Thesis Headway Income Fund | 1,512,139 | 86% |
| Federated Hermes | 158,633 | 5% |
| FulcrumIncomeFund | 89,775 | 9% |
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The Ramar Charitable Settlement Registered Charity number 326443
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED5 APRIL 2025
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2025 2024
5 CASH AT BANK
Thesis 1,641 3,000
Coutts & Co 9,793 29,871
11,434 32,871
ANALYSIS OF ASSETS AND OF ASSETS AND ASSETS AND AND LIABILITIES BETWEEN FUNDS
Income Capital Total
Fund Fund Funds
£ £ £
Fixed Assets
Investments 531,257 1,230,931 1,762,188
Current Assets
Cash at bank and in hand 11,434 - 11,434
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6 ANALYSIS OF ASSETS AND OF ASSETS AND ASSETS AND AND LIABILITIES BETWEEN FUNDS
The Income Fund comprises funds generated by the Capital Fund which the Trustees are free to use in accordance with the charitable objects.
The Capital Fund represents assets held by the Trustees in investments. Income arising from these investments can be used in accordance with the objects of the Charity and is included in the income Fund. The Capital Fund is available to meet charitable commitments as the Trustees see fit.
The funds are unrestricted.
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The Ramar Charitable Settlement Registered Charity number 326443
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
7 TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
No trustees or person related or connected by business to them received any remuneration from the trust during the year ended 5 April 2025.
There are no related party transactions other than donations to the Charity by the Trustees of £59,000 (2024 £56,000)
8 EMPLOYEES
There were no employees of the trust during the year.
9 CONTIGENT LIABILITIES
The trustees are not aware of any contingent liabilities.
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