# ## ## ## |||||||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)| ## ##