RAM FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
Company Number - N1647699
Charity Number - 107424

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
CONTENTS
Page
Contents
Officers
Director's Report
Independeflt Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Page 1

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR EIVDED 31 AUGUST 2024
PFFICERS
COMMI￿EE
CHAIRPERSON AND DIRECTOR
S Sharma
TRUSTEES
Mrs L Mccarthy
D Minshull
INDEPENDENT EXAMINER
Mrs N Taylor FIATI
19 Crescent Business Park
LISBURN
BT28 2GN
BANKERS
Danske Bank
PO Box 183
Donegall Square west
BELFAST
BTI 6JS
BT67 OLQ
REGISTERED OFFICE
19 Crescent Business Park
LISBURN
BT28 2GN
HEAD OFFICE
71 Galwally Avenue
BELFAST
BT8 7AJ
COMPANY REGISTRA TION AIUMBERS
Company Number - N1647699
Charity Number - 107424
Page 2

RAM FOLINDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
DIRECTOR'S REPORT
The director presents the annual report together with the financial statements for the year to 31
August 2024.
STATEMENT OF DIRECTOR'S RESPONSIBILITIES
Company law requlres the director5 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 sultable 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 (2015) 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
fraud 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 a.dvancement 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 awa￿ ness of young people in
Northern Ireland for the public benefit by developing. their mental, physical, political
and rnoral capabilities through appropriate organised activities and without distinction
of. sex. sexual orientation, race or of political, religious or other opinion5
' The advancement of the health and educational needs of children of any socially andlor
economically disadvantaged community for the public benefit in such countries as
considered appropriate by the directors of the charity
.' 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 financial assistance. for the public
benefit,. for p.ersons, bodies. organisations and/or countries affected in such countries
as-the"directors of.lhe 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.
Page 3

RAM FOUNDATION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
I)IRECTOR'S REPORT
(continued)
MEMBERSHIP
The company has one member, the initial subscrlber, 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 musl 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 mernbers.
..Membership is terminated if the member die5 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 Incoming R"esources for the year amounted to
£10,923 (2023:
-£.13,386 )
FINANCIAL REVIEW AP4D RESERVES POLICY
Flinds were generated during the year from donations.
Re.%erve5.3t 31 August 2024 were
£130,767 all of which are readily available-fiind5 covering Many years,
running.costs. .Currently. the core iosts are minimal and are funded by the surplus of income raised
over the direct cosl"s. Expenditure is planned to satisfy the objectives of the company therefore at
.present prartically'all expense is directly for the charitable purpose5 during the year. General fund5 are
unrestricted funds which are.available for use at the discretion of the trustee5 in furtherance of the
general objective5 of the charity and which have not been designated for oth.er purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. Restricted funds are fund5 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
administering such funds are charged ag6in5t the specific fund.
ACTIVI.TY DURING THE YEAR
During the year the charity performed its activities as well as was allowed given the continuing
recovery from coronavirus measures. Efforts were concentrated in providing funds to disadvantaged
communities.
Page 4

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR EAIDED 31 AUGUST 2024
DIRECTOR'S REPORT
(continued)
IMPACT OF COVID-19
The impact caused by COVID-19 is now very much eliminated and the effect of such disruptions in the
future, minimised.
GOING CONCERN
The direttor, 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 fundin9 and cost structure is stable and it intends to continue in thls 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 Messr5 Minshull & Company. Chartered Accountants
and.Statutory Auditor.. offers herself for re-appointment as indeperldent examiner.
BY ORDER OF THE COMMITTEE
S Sharma
DIRECTOR
Date
19 May 2025
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
RAM FOUNDATION
We have examined the financial 5totements. on page5 7 to 12. which comprise the Statement of Financlal
Activities, Balance Sheet and r.elated note5 of RAM Foundation for the year ended 31 August 2024.
The financial reporting framework that has been applied in thelr preparation is appllcable law and
Charities SORP (FRS 102) 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 sectlon 65 of the Charities Act (Northern Ireland) 2008 and that an
independent examinalion is needed.
It is my responsibility to
examine the account5 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(9){b) of the Charitie5 Act
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examlnation was carried out In accordance with general direction5 given.by the Charity Commission for NI,
as required under'section 65(9)(b) of the Charities Act (Northern Ireland) 2008.
An. examination includes a review of the accounting records kept by the charity and a compari50n of the accounts
presented with"those records. It also includes consideration of any unusual items or disclosures in the accoLJnts,
and Seeking explanations from the Irustees concerning any such matters. The procedures undertaken do not
provide.all.the evidence that would bei required in an audit. and consequently no opinion is given as to whether the
accounts present a'true and fair.. view and the feport is limited to those matter5 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 Settion 63 of the Charities Act
2. The the accounts do not accord with those accountin9 records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further'lnformation needed for a proper understsnding of the accounts to be reached.
Independent examiner's statement
I have cornpleted my examination and have no concerns in respect of the matter5 1. to 4. listed above and,
in. connection with following ihe Directions of the Charity Commission lor Northern Ireland. I have found no
matters that require drawing to your attention.
Mrs N Taylor FIATI - Independent Examiner
Minshull & Co. Statutory Auditor
Date
19 May 2025
Page 6

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
INCOMING RESOURCES
Note
Unrestricted Grants and Donations
10,567
3,046
10,567
3.Q46
RESOURCES EXPENDED
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Fund Activities
Grants and Donations
1,000
16,450
Total
(1,000)
(16.450)
Total Income less Direct Charitable Expenditure
9,567
(13,404)
GOVERNANCE AND SUPPORT COSTS
Advertising and Website Expenses
Bank Charges
Sundry Expenses
30
60
84
87
GOVERNANCE EXPENSES
Accountancy & Examination Fees
516
480
Total
(603)
{654)
BANK INTEREST RECEIVABLE
1,959
672.
Net Income(Expenditure) for the Year
10,923
(13,386).
Total Funds Brought Forward at 1 september 2023
119.844
133,230
Total FLSnds Carried Forward at 31 August 2024
L30,767
119,844
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 2024
BALANCE SHEET AS AT 31 AUGUST 2024
Note
2024
2023
Fixed Assets
Current Assets
131,283
120.324
Current Liabilities (arnounts falling due wilhisTr ane yeèrj
(516)
(480)
Net Current Assets
130,767
119,844
Net Assets
130,767
119,844
FUNDS
.Unrestricted Funds
130,767
119,844
Restricted Funds
Balance at 31 August 2024
130,767
119,844
The company is entitled to. exemptlon from audit under Section 477 of the Companies Act for the year ended
31 August 2024.
The member5 have not required the company to obtain an audlt of its financial stotements for the year ended
31 August 2024 in accordance with Section 476 of the Companies Act.
The director has acknowledged his responsibilitles for ensuring that the company keeps accounting records
which comply with Section 386 and prepares accounts in accordance Ylith the requirements of Section 393 of the
Companies Act 2006, so far as applicable to this.company .These accounts have been prepa￿d in accordance
w.ith the provisions applicable to companies subject to the small companies regime and in accordance with the
Charitie5 SORP (FRS102).
The financial. statements were approved by the director and authorised for issue on 19 May 2025 and were
signed by
S Sharma
Director
Date
19 May 2025
The notes on pages 9 to 12 form part of these accounts
Page 8

RAM FOUNDA TION
FINANCIAL STA TEMENTS FOR fHE YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
I. ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealin9 Wlth items which are consldered
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 Charltles". 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}
(Charitie5 SORP {FRS102)), the Financial Reporting standard applicable in the UK and Republic of Ireland.
The company. meets the definltion of a public. benefit entity under FRS 102. A55ets and liabilities are initially
recognised at historical cost or transacton value unless otherwise stated in the relevant accountlng 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 cornparative item5 was required.
(c)-
Preparation of the Accounts on a Gorfng Concern Ba￿$
The company reported
£10,923 'ca5h inflow for the year and the director has formulated a strategy that
will secur.e the.immediate future of the tharity for the next 12 to 18 months and on that basis the charity is a
goin9 concern.
(d)
Income
Income 15 recognised when the company has'entitlement to the funds. any performance condition5 have been met,
It is probable that the income will be received and the amount can be measured reliably.
Income froni government and other grants. of a""revenue nature. is recog"nised when the company has entitlement to
the funds.. any performance condition5.attached to the grants have been met, it is probable that the income will be
received and.the amount can be measured reliably and is not repayable to the funder.
capit.al grants are amortised in IFne with the depreciation of the associated assets, the purchase of which has been.
funded by said grants.
(e)
Donated Services and Facilities
Donated profe55ional 5ervice5 and dorFated facilities are recogni5ed as 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 i5.probable and the economic benefit can be measured reliably. In accordance with
the Charities SORP (FRS 102) general volunteer time 15 not recognised.
On receipt, donated professional services and donated facilities are recognised on the bas15 of the value of the gift
to the charit.y.which 15 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.
(f)
Interest Receivable
Inte￿5t on fvnds held oft 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 STAfEMENfs FOR THE YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
(continued)
(g)
Fund Accounting
Unrestricted funds are available to spend on actlvities that ftjrther any of the purpoe5 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 ha5 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 the￿ 15 a legal or constructive obligatlon 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 15 classified under the following activity headings:
. costs of raising hjnds comprise the costs of commercial trading
expenditure on charitable activities include5 the cost5 of activities undertaken to further the
purposes of the company
governance and support costs include all other cost5
Irrecoverable Value Added Tax is charged as a cost against the activlty for which the expenditure was incurred.
Support Costs
Support costs are disclosed Separately in the Statement of Financial Activitie5.
(i)
Tangible Fixed Assets and depreclation
Tangible fixed assets costing £200.or more are stated in the_accounts at original cost less depreciation In.order
to write off the c05t of fixed a55ets. over their estimated useful lives, using the following annual rate
Vehicles and Equipment
2.5010"Straight line
(k)
Debtors
Debtors and accrued income ar.e recognised at the settlement amount due after any"discount offered. Prepayrnents
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 ha5 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 can
be measured or e5tirnated reliably. Creditors and provisions are normally recognised at their settlement amount
fter any discounts.
(n)
Financial Instruments
-The company only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments.
.8¢lSiC financial instruments are initially recognised ar transaction value and subsequently measured at their
settlement value.with.the exception of bank loan5 which are subsequently measured at amortised cost using
he effective interest method.
Page 10

RAM FOUNDAfioN
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
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 member5 include the trustees that are listed on page 2. The Ilability of members is limited to a sum not exceeding
£10.
2. YEAR'S SURPLUS IS STATED AFTER CHARGING(CREDITING):
2024
2023
Accountancy Fees
Examination Fees
258
258
240
24Q
3. TANGIBLE FIXED ASSETS
Fixtures &
Equipment
Motor
Vehicles
TOTAL
COST
at I September 2023
Additions
Disposals
31 August 2024
DEPRECIATION
at I September 2023
Charge for the Year
On Disposals
31 August 2024
BALANCE SHEET VALUE
31 August.2024
4. CURRENT ASSETS
2024
2023
Prepayment5 and Accrued Income
Cash at Bank.and In Hand
5,000
115.324
131,283
131,283
120.324
5. LIABILITIES (Amounts falling due within one year)
2024
2023
Donations Payable
Accruals and Defer￿d Income
516
480
516
480
Page11

RAM FOUNDA fioN
FINANCIAL STA TEMENfs FOR THE YEAR ENDED 31 AUGUST 2024
IIOTES TO THE FINANCIAL STATEMENTS
(continued)
6. FUNDS
Unrestricted
Restrirted
2024
2023
2024
2023
Balance at I September 2023
(Deficit)Surplus for the year
119,844
10,923
119.844
Funds at 31 August 2024
130.767
119,844
7. TRUSTEES
The trustees 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