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2021-12-31-accounts

						Pages
Trustees' annual report (incorporating		the director's		report)		1to5
Independent Foundation	auditor's report to the trustees of Rubislaw					6to11
Consolidated	statement offinancial	activities	(including		income
and expenditure account)						12
Balance sheet						12a
Consolidated	balance sheet					13
Consolidated	statement ofcash flows					14
Notes to the	consolidated financial statements					15to 23

Reference	Reference	and administrative	and administrative	and administrative	details
Registered		charity	name		Rubislaw Foundation
Charity	registration		number		1167432
Company		registration		number	10067677
Principal		office and		registered	2nd Floor - Parkgates
office					Bury New Road
					Prestwich
					Manchester
					M25 OTL
The trustees
					D Bistricer
					T Rudinsky
					M Richman
Auditor					Haffner Hoff Ltd
					Accountants	&statutory	auditor
					2nd Floor - Parkgates
					Bury New Road
					Prestwich
					Manchester
					M25 OTL

Year ended 31 Decembe	r	2021
				2021		2020
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments Investment income			5	2,044,894	2,044,894	2,092,194
Total income				2,044,894	2,044,894	2,092,194
Expenditure
Expenditure on raising funds: Investment management costs Expenditure on charitable activities			6 7,8	1,652,624 22 028	1,652,624 22,028	1,404,961 24,741
Total expenditure				1,674,652	1,674,652	1,429,702
Net income and net movement		in funds		370,242	370,242	662,492
Reconciliation offunds Total funds brought forward				16,422,408	16,422,408	15,759,916
Total funds carried forward				16,792,650	16,792,650	16,422,408

31 December 20	21
				2021		2020
			Note			F
Fixed assets
Investments			13		120,003
Current assets Debtors			14	24,395,171		22,088,937
Cash at bank and in	hand					853
				24,395,171		22,089,790
Creditors: amounts	falling	due within one year	15	148,803		29,400
Net current assets					24,246,368	22,060,390
Total assets less current		liabilities			24,366,371	22,060,390
Creditors: amounts one year	falling	due after more than	16		5,211,671	5,337,601
Net assets					19,154,700	16,722,789
Funds ofthe charity Unrestricted funds					19,154,700	16,722,789
Total charity funds			17		19,154,700	16,722,789

31 December 202	1
				2021	2020
			Note		F
Fixed assets Investments			13	63,679,004	63,675,464
Current assets Debtors Cash at bank and in hand			15	177,003 92,957	79,773 220,362
				269,960	300,135
Creditors: amounts	falling	due within one year	16	939,148	755,542
Net current liabilities				669,188	455,407
Total assets less current		liabilities		63,009,816	63,220,057
Creditors: amounts	falling	due after more than one year	17	46,217,166	46,797,649
Net assets				16,792,650	16,422,408
Funds ofthe charity Unrestricted funds				16,792,650	16,422,408
Total charity funds			19	16,792,650	16,422,408

Year ended 31 Decemb	er 2021
			2021	2020
				F
Cash flows from operating Net income	activities		370,242	662,492
Adjustments for: Dividends, interest and rents Accrued expenses	from investments		(2,044,894) 31,637	(2,092,194) 14,896
Changesin: Trade and other debtors Trade and other creditors			(97,230) (155,723)	(63,578) (7,239,148)
Cash generated from operations			(1,895,968)	(8,717,532)
Interest paid			12,155	25,026
Net cash used in operating activities			(1,883,813)	(8,692,506)
Cash flows from investing activities Dividends, interest and rents from investments Purchases ofother investments			2,044,894 (3,540)	2,092,194 (655)
Net cash from investing activities			2,041,354	2,091,539
Cash flows from financing Proceeds from borrowings	activities		(284,946)	6,583,938
Net cash (used in)/from financing activities			(284,946)	6,583,938
Net decrease in cash and Cash and cash equivalents	cash equivalents at beginning ofyear		(127,405) 220,362	(17,029) 237,391
Cash and cash equivalents	at end ofyear		92,957	220,362

Limited by	guarantee	guarantee
The charity member in	is a company limited the event ofwinding up		by guarantee and is limited to F10.	has no share	capital. The liability		of each
Investment	income
			Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total	Funds 2020
				E
Income from investment		properties	2,044,894	2,044,894	2,092,194	2,092,194

nvestment management costs
	Unrestricted Funds	Total Funds 2021	Unrestricted Funds	Total Funds 2020
		E		F
Rent collection			(99)	(99)
Property repairs and maintenance charges Loan interest Finance costs Insurance Commissions Other costs	147,704 1,324,089 24,778 39,227 64,716 52,110	147,704 1,324,089 24,778 39,227 64,716 52,110	96,003 1,198,585 19,227 25,441 51,516 14,288	96,003 1,198,585 19,227 25,441 51,516 14,288
	1,652,624	1,652,624	1,404,961	1,404,961

		Unrestricted Funds	Total	Funds 2021	Unrestricted Funds	Total	Funds 2020
Grants Support	payable costs	E 2,500 19,528		f. 2,500 19,528	F 700 24,041		E 700 24,041
		22,028		22,028	24,741		24,741

Expenditure	on charitable a	ctivities by activity type
		Grant funding of activities	Support costs	Total funds 2021	Total fund 2020
				F
Grants payable Governance costs		2,500	19,528	2,500 19,528	700 24,041
		2,500	19,528	22,028	24,741

9.	Analysis ofgrants
			2021	2020
			f
	Grants to institutions The Work Avenue Foundation Further grants below E3,000		2,500	700
			2,500	700
			2,500	700

						2021	2020
							E
Fees	payable	for the audit of		the consolidated	financial statements	10,080	8,400
Fees Other	payable to non-audit		the charity's services	auditor and its associates for other services:		8,376	8,550

				Percentage
			Class of	ofshares
		Registered office	share	held
Subsidiary F.Parham	undertakings Limited	1st Floor Cloister House New Bailey Street	Ordinary	100
		Salford
Wembley	Metro Limited	M3 5FS 1st Floor Cloister House New Bailey Street	Ordinary	100
		Salford
Hempstead	Valley Investments	M3 5FS Limited 1st Floor Cloister House New Bailey Street	Ordinary	100
		Salford
		M3 5FS

Theresults	for subsidiaries	and	other und	ertakings are	as follows:
				Capital and 2021	reserves 2020	Profit/(loss) 2021	for the year 2020
								F
Subsidiary F.Parham Wembley Hempstead	undertakings Limited Metro Limited Valley Investments		Limited	(444,969) (418,721) (2,502)	(444,800) (185,768) (1,799)	(169) (240,243) (703)		(900) (185,769) (900)
Debtors
						2021		2020
						f		F
Prepayments and accrued Other debtors		income				4,241 172,762		18,931 60,842
						177,003		79,773

Creditors: amo	unts falling due within one year
		2021	2020
		F	P
Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Other creditors		320,000 20,084 440,771 84,132 74,161	300,000 4,918 396,979 53,645
		939,148	755,542

Credit	ors: amo	unts falling due after more than	one year
			2021	2020
Bank Social Other	loans and security creditors	overdrafts and other taxes	40,057,448 6,159,718	40,362,394 149,607 6,285,648
			46,217,166	46,797,649

18.	Deferred	income
						2021	2020
	Amount	deferred	in	year		250,000	250,000
	Deferred	income	is	all attributable	to the subsidiaries.

19.	Analysis of charitable	Analysis of charitable	funds
	Unrestricted funds				At			At
				1 January	20 21	Income	31 Decembe Expenditure r2021
				F			F
	General funds			16,422,408		2,044,894	(1,674,652)	16,792,650
					At			At
				1 January	20 20	Income	31 December Expenditure 2020
	General funds			F 15,759,916		2,092,194	F (1,429,702)	16,422,406
20.	Analysis of net assets between funds
							Unrestricted	Total Funds
							Funds	2021
								E
	Investments Current assets Creditors less than 1 year Creditors greater than 1 year						63,679,004 269,960 (939,148) (46,217,166)	63,679,004 269,960 (939,148) (46,217,166)
	Net assets						16,792,650	16,792,650
							Unrestricted	Total Funds
							Funds	2020
	Investments Current assets Creditors less than 1 year Creditors greater than 1 year						63675464 300,135 (7,041,190) (40,512,001)	63,675,464 300,135 (7,041,190) (40,512,001)
	Net assets						16,422,408	16,422,408

			At		At
			1 Jan 2021	Cash flows	31 Dec 2021
Cash Debt Debt	at bank and in hand due within one year due after one year		220,362 (300,000) (40,362,394)	(127,405) (20,000) 304,946	92,957 (320,000) (40,057,448)
			(40,442,032)	157,541	(40,284,491)