THE RAMP
The Objects of the CIO is, for the public benefit: to advance the Christian faith; the relief of persons who are in condition of need, hardship or distress; and to advance religious or secular education.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a surplus of £150,672 and held free reserves of £196,739 alongside £325,142 in cash. The trustees report that the balance sheet was strong and that the charity has sufficient financial resources to meet its ongoing commitments for the next 12 months. Reserves are maintained at approximately four months of expenditure, which aligns with the stated policy of covering one to six months of costs.
What the accounts disclose
“No employee received remuneration of more than £60,000 during the year” — page 22
“To ensure the financial viability of the church and its ability to meet its ongoing commitments, the charity will endeavour to maintain, on average, sufficient reserves to cover all contractual obligations for one month and, if possible, between three and six months.” — page 10
“One trustee, Mr Michael Reeser, was employed by the charity in his role as Lead Pastor and received gross remuneration of £47,390 (2023: £40,566). His spouse, Mrs Stacie Reeser, was also employed and received gross remuneration of £44,390 (2023: £34,874).” — page 22
“During the year, the charity made a donation of £12,376 (2023: £5,003) to The Ramp US, a related charity where trustee Mrs Karen Wheaton-Towe also serves on the board. No funds were received from The Ramp US in 2024 (2023: £15,623). No payments were made to, or received from, Mrs Wheaton-Towe in either year. Trustee Mr Andrew Elmes is an officer of Great Big Life Ltd, which received £650 (2023: £1,100) from the charity in speaker fees. All related party transactions were conducted at arm’s length and on normal commercial terms. Trustee approval was obtained in advance, with the relevant individuals excluded from discussion and voting. These transactions were properly declared in line with the charity’s conflict of interest policy.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ekundayo Okoro
- Rev ANDREW VERNON ELMES
- Rev Karen Ann Wheaton-Towe
- Rev MICHAEL JOSEPH REESER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £678k | £527k |
| 31/12/2023 | £531k | £476k |
| 31/12/2022 | £454k | £433k |
| 31/12/2021 | £218k | £244k |
| 31/12/2020 | £280k | £188k |
Common questions
Is THE RAMP financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a surplus of £150,672 and held free reserves of £196,739 alongside £325,142 in cash. The trustees report that the balance sheet was strong and that the charity has sufficient financial resources to meet its ongoing commitments for the next 12 months. Reserves are maintained at approximately four months of expenditure, which aligns with the stated policy of covering one to six months of costs. Its FY2024 accounts were independently examined.
What does the highest-paid employee of THE RAMP earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.