RAM FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2022
Company Number - N1647699
Charity Number - 107424

RAM FOUNDA TION
FIIVANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
CONTENTS
Page
Content5
Officers
Director's Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Page 1

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
OFFICERS
commI￿EE
CHAIRPERSON AND DIRECTOR
S Sharma
TRUSTEES
Mrs L Mccarthy
D Minshull
INDEPENDENT EXAMIIVER
Mrs N Taylor FIATI
19 Crescent Business Park
LISBURN
BT28 2GN
BANKERS
Danske Bank
PO Box 183
Donegall Square west
BELFAST
BTI 61S
BT67 OLQ
REGISTERED OFFICE
19 Crescent Business Park
LISBURN
BT28 2GN
HEAD OFFICE
71 Galwally Avenue
BELFAST
BT8 7AJ
COMPANY REGISTRA TION NUMBERS
Company Number- N1647699
Charity Number- 107424
Page 2

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
DIRECTOR'S REPORT
The director presents the annual report together with the financial statements for the year to 31
August 2022.
STATEMENT OF DIRECTOR'S RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial period which give a
true and fair view of the state of the affairs of the company and of the profit or loss of the company for
that period. In preparing those financial statements the directors are required to
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business,
The director has elected to prepare the financial statements in accordance with UK GAAP and confirm
that under company law he must not approve the financial statements unless he is satisfied that
they give a true and fair view of the state of the company's affairs and of the surplus or deficit for that
period. The reporting framework that has been applied is the Charities SORP (20151 FRS 102
The director is responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and to enable them to ensure the financial
statements comply with the Companies Act 2006. He is also responsible for safeguarding
the assets of the company and hence for taking reasonable steps for the prevention and detection of
fra ud and other irregularities.
AIMS AND OBJECTIVES
The organisation endeavours to carry out its purposes by working in partnership with credible NGOS
to deliver relevant projects in partnership with the organisation to the intended beneficiaries.
Our objectives are
The advancement of education
The advancement of health or the saving of lives
The relief of those in need by reason of youth, age, ill-health, disability, financial
The advancement of the education and the political awareness of young people in
Northern Ireland for the public benefit by developing their mental, physical, political
and moral capabilities through appropriate organised activities and without distinction
of sex, sexual orientation, race or of political, religious or other opinions
The advancement of the health and educational needs of children of any socially and/or
economically disadvantaged community for the public benefit in such countries as
considered appropriate by the directors of the cha rity
The relief of those in need by reason of natural or other kinds of disaster (including
those who are victims of war) through the provision of fina ncial assistance, for the pu blic
benefit, for persons, bodies, organisations and/or countries affected in such countries
as the directors of the charity deem appropriate.hardship or other disadvantage
APPLICATION OF INCOME AND PROPERTY
The property of the company must be applied for purposes in accordance with section 2 of the Charities
Act (Northern Ireland) 2008.
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RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
DIRECTOR'S REPORT
(continued)
MEMBERSHIP
The company has one member, the initial subscriber, Mr Suneil Sharma.
Membership is open to other individuals or organisations who,.
apply to the companyin the form required by the director; and
are approved by the director.
The director may only refuse an application for membership if, acting reasonably and properly, they
consider it to be in the best interests of the company to refuse the application.
The director must inform the applicant in writing of the reasons for the refusal within twenty one days
of the decision. He must consider any written representations the applicant may make about the
decision and the decision following any such representations must be notified to the applicant in
writing and is final.
Membership is not transferable.
The director must keep a register of names and addresses of the members.
Membership is terminated if the member dies or, if it is an organisation, ceases to exist, if the member
resigns, if any sum due by the member to the company is not paid within six monthsor if the member is
removed from membership by the director in the manner required by the company's Articles of
Association.
RESULTS
The Net Outgoing Resources for the year amounted to
-£133,230 (2021:
EO )
FINANCIAL REVIEW AND RESERVES POLICY
Funds were generated during the year from donations.
Reserves at 31 August 2022 were
£133,230 all of which are readily available funds covering many years,
running costs. Currently the core costs are minimal and are funded by the surplus of income raised
over the direct costs. Expenditure is planned to satisfy the objectives of the company therefore at
present practically all expense is directly for the charitable purposes during the year. General funds are
unrestricted funds which are available for use at the discretion of the trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed
by donors or which have been raised by the charity for particular purposes. The cost of raising and
dministering such funds are charged against the specific fund.
ACTIVITY DURING THE YEAR
During the year the charity performed its activities as well as was allowed given the remaining restrictions
imposed by coronavirus measures. Efforts were concentrated in providing funds to disadvantaged
communities.
Page 4

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
DIRECTOR'S REPORT
(continued)
IMPACT OF COVID-19
As mentioned in the activity review, the impact of coranavirus restrictions meant that there was naturally
a concentration on remote activities, when and if necessary. There has been no material impact
on the charity's sustainability due to the low overhead model and healthy reserves.
The trustees are satisfied that they have made any necessary adjustments to ensure that RAM
Foundation will continue to achieve its objectives. The impact caused by COVID-19 is now very much
reduced.
GOING CONCERN
The director, having considered the company's income streams, financial means and strategy for dealing
with issues such as the impact of Covid-19, over the next 12-18 months, is satisified that the going
concern basis is appropriate.
FUTURE PLANS
The company's current funding and cost structure is stable and it intends to continLre in this way in the near
future so that the current services will continue to be offered where needed.
RELATED PARTIES
The company carries out no transactions with any related party.
TAX STATUS
Application has been made to have RAM Foundation registered as a charity with Inland Revenue. The
company is registered with the Charity Commission for Northern Ireland.
INDEPENDENT EXAMINER
The independent examiner, Mrs N Taylor FIATI of Messrs Minshull & Company, Chartered Accountants
and Statutory Auditor, offers herself for re-appointment as independent examiner.
BY ORDER OF THE COMMITTEE
S Sharma
DIRECTOR
Date
29 May 2023
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
RAM FOUNDATION
We have examined the financial statements, on pages 7 to 12, which comprise the Statement of Financial
Activities, Balance Sheet and related notes of RAM Foundation for the year ended 31 August 2022.
The financial reporting framework that has been applied in their preparation is applicable law and
Charities SORP (FRS 1021 and the accounting policies set out therein.
Respective responsibilities of trustees and examiner
The company's director is responsible for the preparation of accounts. The company's director considers that an
audit is not required for this year under section 65 of the Charities Act (Northern Ireland) 2008 and that an
independent examination is needed.
It is my responsibility to
examine the accounts under section 65 of the Charities Act
follow procedures laid down in the general directions given by the Charity Commission for Northern Ireland
under Section 65(91 (b) of the Charities Act
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission for NI,
as required under section 65(9)(b) of the Charities Act (Northern Ireland12008.
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 disclosure5 in the accounts,
and seekirig explanations from the 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 Ihe
accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below.
My role is to state whether any material matters have come to my attention giving me cause to believe-
l. That accounting records were not kept in accordance with Section 63 of the Charities Act
2. The the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed rny examination and have no concerns in respect of the matters l. to 4. listed above and,
in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no
matters that requi re drawing to your attention.
Mrs N Taylor FIATI - Independent Examiner
Minshull & Co, Statutory Auditor
Date
29 May 2023
Page 6

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
INCOMING RESOURCES
Note
Unrestricted Grants and Donations
140,210
140,210
RESOURCES EXPENDED
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Fund Activities
Grants and Donations
6,500
Total
(6,500)
Total Income less Direct Charitable Expenditure
133,710
GOVERNANCE AND SUPPORT COSTS
Bank Charges
Accountancy & Examination Fees
60
462
Total
(522)
BANK INTEREST RECEIVABLE
42
Net Income(Expenditure) for the Year
133,230
Total Funds Brought Forward at I September 2021
Total Funds Carried Forward at 31 August 2022
133,230
The notes on pages 9 to 12 form part of these accounts
Page 7

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
BALANCE SHEET AS AT 31 AUGUST 2022
Note
2022
2021
Fixed Assets
Current Assets
140,192
Current Liabilities (amounts falling due byithin one year)
(6,962)
Net Current Assets
133,230
Net Assets
133,230
FUNDS
Unrestricted Funds
133,230
Restricted Funds
Balance at 31 August 2022
133,230
The company is entitled to exemption from audit under Section 477 of the Companies Act for the year ended
31 Augusl 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 August 2022 in accordance with Section 476 of the Companies Act.
The director has acknowledged his responsibilities for ensuring that the company keeps accounting records
which comply with Section 386 and prepares accounts in accordance with the requirements of Section 393 of the
Companies Act 2006, so far as applicable to this company .These accounts have been prepared in accordance
with the provisions applicable to companies subject to the small companies regime and in accordance with the
Charities SORP (FRS102).
The financial statements were approved by the director and authorised for issue on 29 May 2023 and were
signed by
S Sharma
Director
Date
29 May 2023
The notes on pages 9 to 12 form part of these accounts
Page 8

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
I. ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are considered
material in relation to the chartiable company's financial statements.
(a)
Basis of Preparation
The Financial statements have been prepared in accordance with Accounting and Reporting by Charities-. 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 Section la)
(Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland.
The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transacton value unless otherwise stated in the relevant accounting policy note.
(b)
Reconciliation With Previous Generally Accepted Accounting Practice
In preparing the accounts, the director has decided that in applying the accounting policies required by
FRS 102 Section l(a) and the Charities SORP FRS 102 no restatement of comparative items was required.
(c)
Preparation of the Accounts on a Going Concern Basis
The company reported
£ 133, 230 cash inflow for the year and the director has formulated a strategy that
wil I secure the immediate future of the charity for the next 12 to 18 month5 and on that basis the charity is a
going concern.
(d)
Income
Income is recognised when the company has entitlement to the funds, any performance conditions have been met,
it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, of a revenue nature, is recognised when the company has entitlement to
the fun(5s. any performance conditions altached to the grants have been met, it is probable that the income will be
received and the amount can be rneasu￿d reliably and 15 not repayable to the funder.
Capital grants a re amortised in line with the depreciation of the associated assets, the purchase of which has been,
funded by said grants.
(e)
Donated Services and Facilities
Donated professional services and donated facilities are recognised a5 income when the company has control over
the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the
use of the item by the charity is probable and the economic beneFIt can be measured reliably. In accordance with
the Charities SORP (FRS 102) general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift
to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of
equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the
period of receipt.
(o
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can bemea5ured reliably by the
company, normally upon notification of the interest paid or payable by the financial institution.
Page 9

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
(g)
Fund Accounting
Unrestricted funds are available to Spend on activities that further any of the purpoes of the company. Designated
funds are unrestricted Funds of the charity that the directors have decided at their discretion to set aside to use
for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for
particular areas of the company's work.
(h)
Expenditure and Irrecoverable Value Added Tax
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be requireed and the amount of the obligationcan be measured reliably.
Expenditure is classified under the following activity headings:
costs of raising funds comprise the costs of commercial trading
expenditure on charitable activities includes the costs of activities undertaken to further the
purposes of the company
governance and support costs include all other costs
Irrecoverable Value Added Tax is charged as a cost against the activity for which the expenditure was incurred.
Support Costs
Support costs are disclosed separately in the Statement of Financial Activities.
Tangible Fixed Assets and depreciation
Tangible fixed assets costi ng £200 or more are stated in the accounts at original cost less depreciation in order
to write off the cost of fixed assets, over their estimated useful lives, using the following annual rate
Vehicles and Equipment
250/0 Straight line
(k)
Debtors
Debtor5 and accrued income are recognised at the settlement amount due after any discount offered. Prepayments
are valued at the amount prepaid.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
(m)
Creditors and Provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation ca n
be measured or estimated reliably. Creditors and provisions are normal ly recognised at their settlement amount
after any discounts.
(n)
Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at thei r
settlement value with the exception of bank loans which are subsequently measured at amortised cost using
the effective interest method.
Page 10

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
(o)
Charity status and members liability
The company is a private company limited by guarantee registered in Northern Ireland. The company's registered
number and registered office address can be found on the Officers page.
The members include the trustees that are listed on page 2. The liability of members is limited to a sum not exceedin
£10.
2. YEAR'S SURPLUS IS STATED AFTER CHARGING(CREDITING):
2022
2021
Accountancy Fees
Examination Fees
231
231
3. TANGIBLE FIXED ASSETS
Fixtures &
Equipment
Motor
Vehicles
TOTAL
COST
at I September 2021
Additions
Disposals
31 August 2022
DEPRECIATION
at I September 2021
Charge for the Year
On Disposals
31 August 2022
BALANCE SHEET VALUE
31 August 2022
4. CURRENT ASSETS
2022
2021
Cash at Bank and In Hand
140,192
140,192
5. LIABILITIES (Amounts falling due within one year)
2022
2021
Donations Payable
Accruals and Deferred Income
6,500
462
6,962
Page11

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
6. FUNDS
Unrestricted
Restricted
2022
2022
2021
2021
Balance at I September 2021
(Deficit>Surplus for the year
133,230
Funds at 31 August 2022
133,230
7. TRUSTEES
The trustee5 received no emoluments or expenses payments during the year.
8. EMPLOYEES
Number of employees
There are no persons employed by the charity during the year.
9. RELATED PARTIES
The are no related party transactions to report for the year.
10. PRESENTATION CURRENCY
The presentation currency of these financial statements is pounds sterling (£GBP}.
Page 12