Page 1 ## **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| Page 2 ## **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. Page 3 ## **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) Page 4 ## **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| Page 5 ## **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 Page 6 ## **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 Page 7 ## **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| Page 8 ## **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|