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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
LEGAL & ADMINISTRATIVE INFORMATION
YEAR ENDED 5 APRIL 2022
| CHARITY NAME | The Alfred & Frances Ruben’s Charitable Trust |
|---|---|
| CHARITY COMMISSION | 264430 |
| REGISTERED NUMBER | |
| PRINCIPAL ADDRESS | Flat 15 |
| Pears Court | |
| Sandringham | |
| Common Road | |
| Stanmore HA7 3FT | |
| GOVERNING DOCUMENT | The Charity was created by Trust Deed dated 5 July 1972 |
| OBJECTS OF THE CHARITY | The object of the Charity is the making of grants to other charitable |
| organisations chosen by the Trustees at their absolute discretion. | |
| INDEPENDENT EXAMINER | Tyler Redmore |
| 157 Redland Road | |
| Redland | |
| Bristol BS6 6YE | |
| BANKERS | HSBC Bank plc |
| The Peak | |
| 333 Vauxhall Bridge Road | |
| Victoria | |
| London SW1V 1EJ | |
| INVESTMENT ADVISERS | Grafton Court Wealth Management Ltd |
| 160 Aztec West | |
| Bristol BS32 4TU |
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 5 APRIL 2022
INTRODUCTION
The Trustees present their report and unaudited accounts of the Charity for the year ended 5 April 2022. In preparing this report the Trustees complied with current statutory requirements and the Charity’s Trust Deed
The Trustees are:
Mrs Joanna Frances Millan Mrs Amanda Elizabeth Gutwin Mrs Wendy Carol Lambros
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is governed by its Trust Deed dated 5 July 1972
Appointment of Trustees
New Trustees are recruited and appointed as and when required by the remaining Trustees, often based on their professional backgrounds.
New Trustees are inducted by the other Trustees and are encouraged to attend relevant training courses, where considered beneficial.
Management Arrangements
The Trustees meet regularly to monitor the activities of the Charity, including the investment performances.
The day-to-day administration of the Charity is undertaken by Mrs Millan.
Risk Management
The Trustees continually review the major risks to which the Charity is exposed, in particular those related to the finances of the Charity and are satisfied that systems are in place to mitigate their exposure to major risk.
OBJECTIVES AND ACTIVITIES
The Charity’s objectives are set out on page 1. The Trustees confirm that they have referred to the guidance contained on the Charity Commission’s general guidance on public benefits when reviewing the Trust’s aims and objectives and in planning and setting the grant making policy for the current and future years.
Aims and Activities
The Trustees continue to make grants to charitable organisations and monitor the income of the charity during the continued uncertainty in financial markets.
Grant Making Policy
Grant applications are reviewed to ensure they comply with the requirements of the Charity and the Trustees authorise each payment.
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 5 APRIL 2022
ACHIEVEMENTS AND PERFORMANCE
The Charity continued to provide grants to worthy organisations. In the year this amounts to 27 grants totalling £21,508 and these are disclosed in the accounts on page 8.
The organisations concerned are grateful to receive the grants and the Charity received many letters of thanks.
Investment Policy
There are no restrictions in the Charity’s powers to invest.
The Charity invests in stocks and shares using the services of a stockbroker. The Trustees hope to be able to maintain the trust’s income in the future by investing in this way.
The Trustees review the investment strategy with the Charity’s investment advisors regularly.
The value of Trust investments as of 5 April 2022 was £619,417 (2021: £606,011)
FINANCIAL REVIEW
The Charity plans to expend its income on charitable donations whilst keeping its capital intact
In the year the Charity received investment income of £22,473, donations of £2,580 and gift aid of £645 and expended £27,996.
Reserves Policy
The Trustees maintain sufficient reserves to meet expected direct charitable expenditure but aim in the future to build up reserves to purchase new shareholdings and to create additional income.
PLANS FOR THE FUTURE
The Charity will continue to generate income to make grants to other charitable organisations.
DECLARATON
I declare, in my capacity of Charity Trustee, that the Trustees have approved the Report above and have authorised me to sign it on their behalf.
Signature : ……………………………………………………………………. 2 January 2023 Mrs Joanna Frances Millan (Trustee)
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
YEAR ENDED 5 APRIL 2022
I report on the accounts of The Alfred & Frances Rubens Charitable Trust for the year ended 5 April 2022, which are set out on pages 5 to 8.
Respective Responsibilities of Trustees and Independent Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Charity Commission. 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 disclosures in the accounts, and seeking explanations from you as 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 the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P.G. Tyler F.C.A. Independent Examiner Tyler Redmore 157 Redland Road Redland Bristol BS6 6YE 2 January 2023
THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
REPORT AND UNAUDITED ACCOUNTS Registered Charity Number 264430
5 APRIL 2022
THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
REPORT AND UNAUDITED ACCOUNTS
YEAR ENDED 5 APRIL 2022
| CONTENTS | PAGE | |
|---|---|---|
| Legal and administrative information | 1 | |
| Trustees' annual report | 2 | |
| Independent examiner's report | 4 | |
| Receipts and payments account | 5 | |
| Statement of assets and liabilities | 6 | |
| Notes to the accounts | 7 |
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 5 APRIL 2022
| RECEIPTS Dividends Interest Donations received Gift aid reclaim Proceeds on sale of Investment Assets TOTAL RECEIPTS PAYMENTS Charitable Payments: Donations (Note 5) Management & Administration Costs: Investment Management Fees Accountancy Fees Bank charges Purchase of Assets retained for investment purposes TOTAL PAYMENTS Net receipts/(payments) Cash Funds as at 6 April 2021 Cash Funds as at 5 April 2022 |
£ (21,508) (3,833) (2,580) (75) |
Unrestricted Funds 2022 £ 13,890 8,583 2,580 645 25,698 - 25,698 (27,996) (10) (28,006) (2,308) 68,550 66,242 |
£ (22,707) (3,559) (2,520) (80) |
RESTATED Unrestricted Funds 2021 £ 22,433 21 2,520 - |
|---|---|---|---|---|
| 24,974 - |
||||
| 24,974 | ||||
| (28,866) - |
||||
| (28,866) | ||||
| (3,892) 72,442 |
||||
| 68,550 |
The Trust has no restricted income funds or endowment funds
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES
YEAR ENDED 5 APRIL 2022
| Note CASH FUNDS Cash at bank Transact - cash account INVESTMENT ASSETS Transact Investment Portfolio at cost 3 GROSS ASSETS CURRENT LIABILITIES Loan from Trustee Accountancy Fees TOTAL NET ASSETS 4 |
Unrestricted Funds 2022 £ 68,191 5,251 73,442 603,156 676,598 7,200 2,070 674,528 |
RESTATED Unrestricted Funds 2021 £ 59,595 8,955 |
|---|---|---|
| 68,550 | ||
| 603,147 | ||
| 671,697 - 2,580 |
||
| 669,117 |
In accordance with the engagement letter dated 30 March 2022, we approve the accounts, which comprise the Receipts and Payments Account, the Statement of Assets and Liabilities and the notes. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1, and for providing Tyler Redmore with all the information and explanations necessary for its compilation.
Signed on behalf of the Trustees:
……………………………...........……………………………………
Mrs Joanna Frances Millan
2 January 2023
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 5 APRIL 2022
1. ACCOUNTING BASIS
The accounts have been prepared on a Receipts and Payments basis for the purposes of submitting information to the Charity Commission.
2.TRUSTEES/EMPLOYEES
No Trustee, or anyone connected with them, received or waived any remuneration during this year or previous year.
Expenses of £7,200 were met by a Trustee during the year, to be reimbursed after 5 April 2022.
3. INVESTMENT ASSETS
| Investments at historic cost At 6th April 2021 Additions At 5 April 2022 Market value at 5 April 2022 |
£ 603,147 9 |
|---|---|
| 603,156 | |
| 619,417 |
4. PRIOR YEAR ADJUSTMENT
Restatement on change in basis of preparation of the accounts
| Total Funds as previously stated Less reduction to remove unrealised gains Total net assets at 5 April 2021 |
£ 671,980 (2,863) |
|---|---|
| 669,117 |
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THE ALFRED & FRANCES RUBENS CHARITABLE TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 5 APRIL 2022
5. CHARITABLE DONATIONS
| BLE DONATIONS | ||
|---|---|---|
| British ORT Chai Lifeline Council of Christians and Jews English Heritage Friends of Covent Garden (ROHF) Friends of Philharmonia Friends of the Royal Academy Friends of the Tate Friends of the Victoria & Albert Museum ICJS Institute of Jewish Affairs Jewish Association for the Mentally Ill Jewish Blind & Disabled Jewish Book Week Jewish Care Jewish Council for Racial Equality Jewish Historical Society The Manchester Jewish Museum National Trust Norwood Ravenswood Raynaud's Royal Botanic Gardens Kew Royal Horticultural Society The Samaritans Society of Jewish Study TLSE Synagogue Wiener Library Endowment Trust World Jewish Relief World Wildlife Fund |
2022 £ 500 500 500 64 1,200 500 131 132 330 - 100 500 500 3,000 2,000 150 30 6,500 384 2,000 50 1,200 62 100 25 - 500 500 50 21,508 |
2021 £ 500 500 500 63 1200 500 131 - 330 5000 100 500 500 3000 2000 150 30 3500 384 2000 50 - 60 100 25 534 500 500 50 |
| 22,707 |