# **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **FINANCIAL STATEMENTS** **YEAR ENDED 5 APRIL 2025** **Charity Number 264430** **THE ALFRED & FRANCES RUBENS CHARITBLE TRUST** ## **CONTENTS** ## **YEAR ENDED 5 APRIL 2025** |**CONTENTS**|**PAGES**| |---|---| |Reference and Administrative information|**1**| |Trustees’ Annual Report|**2 to 4**| |Independent Examiner’s Report|**5**| |Receipts and Payments Account|**6**| |Statement of Assets and Liabilities|**7**| |Notes to the Accounts|**8 to 9**| **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **REFRERENCE AND ADMINISTRATIVE INFORMATION** ## **YEAR ENDED 5 APRIL 2025** |**Trustees**|Mrs Joanna Millan| |---|---| ||Mrs Amanda Elizabeth Gutwin| ||Mrs Wendy Carol Lambros| ||My Steven Gutwin (appointed 1stMay 2025)| |**Registered Office**|Flat 15| ||Pears Court| ||Sandringham| ||Common Road| ||Stanmore| ||HA7 3FT| |**Investment Adviser**|Grafton Court Wealth Management Ltd| ||160 Aztec West| ||Bristol| ||BS32 4TU| |**Bankers**|HSBC Bank plc| ||The Peak| ||333 Vauxhall Bridge Road| ||London| ||SW1V 1EJ| |**Independent Examiner**|Joshua Kingston BSc (Hons) FCA| ||Burton Sweet Limited| ||The Clock Tower| ||5 Farleigh Court| ||Old Weston Road| ||Flax Bourton| ||Bristol| ||BS48 1UR| 1 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **TRUSTEES’ ANNUAL REPORT** ## **YEAR ENDED 5 APRIL 2025** The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 5 April 2025. ## **Structure, Governance and Management** The Alfred & Frances Rubens Charitable Trust is a registered Charity number 264430 and is governed by its Deed of Trust 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 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 object is to make grants to the charitable organisations chosen by the Trustees at their absolute discretion. ## **Organisation** The Charity is managed by the body of Trustees, as detailed on page 1. The Trustees are elected or co-opted under the terms of the Trust deed. Decisions are made by the Trustees at Trustee meetings. ## **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. The Trust continues to review suitable projects for sustainable grant awards as per its mandate, particularly in the south-west of England. 2 **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **TRUSTEES’ ANNUAL REPORT** ## **YEAR ENDED 5 APRIL 2025** ## **Grant Making Policy** Grant applications are reviewed to ensure they comply with the requirements of the Charity. All payments are authorised by the Charity. ## **Achievements and Performance** The Charity continued to provide grants to worthy organisations. In the year the Charity made grants totalling £16,970 to 22 organisations. These are listed in note 3 to the accounts. ## **Investment Policy** There are no restrictions on 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. The trustees regularly review the investment strategy with the Charity’s investment advisers. The market value of the Trust’s investments as of 5 April 2025 was £580,422 (2024: £603,755), including cash held of £11,335 (2024: £3,082). ## **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 £18,339 (2024: £20,179), and donations of £556 (2024: £2,250). The Charity made grants of £16,970 (2024: £18,955). Other costs included investment manager fees and accountant’s fees and totalled £6,739 (2024: £5,619). ## **Public Benefit** The Trustees are aware of The Charity Commission’s general guidance on public benefit and consider this when reviewing aims and objectives, and in discussing grant applications. ## **Reserve Fund** 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. 3 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **TRUSTEES’ ANNUAL REPORT** ## **YEAR ENDED 5 APRIL 2025** ## **Responsibilities of the Trustees** The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by: …………………………… Mrs Amanda Elizabeth Gutwin Trustee Date 5 February 2026 4 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES** ## **YEAR ENDED 5 APRIL 2025** I report to the charity trustees on my examination of the accounts of the Charity for the year ended 5 April 2025. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joshua Kingston BSc FCA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR 5 February 2026 Date……………………….. 5 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **YEAR ENDED 5 APRIL 2025** ## **RECEIPTS AND PAYMENTS ACCOUNT** **----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
£ £ £ £
(Restated)
RECEIPTS
Cash received
Donations received 556 - 556 2,250
Returned donation - - - 988
556 - 556 3,238
Investment income
Proceeds on sale of investments 11,962 - 11,962 2,318
Dividends received 9,328 - 9,328 11,231
Bank interest 9,011 - 9,011 8,948
-
30,301 30,301 22,497
TOTAL RECEIPTS 30,857 - 30,857 25,735
PAYMENTS
-
Personal subscriptions 4,380 4,380 3,687
Costs of charitable activities
Donations made 16,970 - 16,970 18,995
Costs of Raising funds
Purchase of investments - - - 1,676
-
Investment management fees 3,761 3,761 3,309
Bank charges 61 - 61 60
Misc expenses 25 - 25 -
Governance costs
Legal fees 948 - 948 -
-
Independent Examiner's fees 1,944 1,944 2,250
-
23,709 23,709 26,290
TOTAL PAYMENTS 28,089 - 28,089 29,977
-
NET RECEIPTS/(PAYMENTS) 2,768 2,768 (4,242)
**----- End of picture text -----**
6 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **YEAR ENDED 5 APRIL 2025** ## **STATEMENT OF ASSETS AND LIABILITIES** |**Investments at market value**
**Current Assets**
Amounts due for subscriptions
Cash at bank
Transact - cash account
**Total Assets**
**Liabilities**
Accruals
Accountancy
**Total Liabilities**
**CASH RESERVES**
**Unrestricted funds**
Brought forward
Net receipts/(payments) for the year
**Total Reserves**
Signed on behalf of the Trustees on…...........................
5 February
2026|**2025**
**£**
569,087
8,067
69,036
11,335
88,438
657,525
1,800
1,800
77,603
2,768
80,371
80,371|2024
£
(Restated)
600,673
3,687
74,521
3,082
77,603
678,276
2,250
2,250
81,845
(4,242)
77,603
77,603| |---|---|---| Mrs Amanda Elizabeth Gutwin Trustee 7 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **YEAR ENDED 5 APRIL 2025** ## **NOTES TO THE ACCOUNTS** **1** The accounts have been prepared on a Receipts and Payments basis. ## **2 Related parties** During the current and the prior year, the Trust purchased membership contributions for trustees, by way of making donations to the charities concerned. These are shown as Personal Subscriptions on the Receipts and payments account. They will be refunded to the Trust. There have been no other related party transactions during either the current, or preceding year. ## **3 Charitable donations** |Alzheimer's Society
British ORT
Chai Lifeline
Council of Christians and Jews
Friends of Philarmonia
Hatzola Trust
Institute of Jewish Affairs
Jewish Association for the Mentally Ill
Jewish Blind and Disabled
Jewish Care
Jewish Council for Racial Equality
Jewish Historical Society
The Manchester Jewish Museum
Marine Conservation
Mosaic Synagogue
Norwood Ravenswood
Raynaud's
The Samaritans
Society of Jewish Study
Surfers Against Sewage
Wiener Library Endowment Trust
World Jewish Relief
World Wildlife Fund|**2025**
2024
**£**
£
(Restated)
**750**
750
**500**
500
**500**
500
**500**
500
**500**
500
**1,000**
1,000
**100**
100
**500**
500
**500**
500
**5,000**
7,000
**150**
150
**30**
30
**500**
500
**2,000**
2,000
**240**
240
**2,000**
2,000
**50**
50
**100**
100
**-**
25
**1,000**
1,000
**500**
500
**500**
500
**50**
50
**16,970**
18,995| |---|---| 8 ## **THE ALFRED & FRANCES RUBENS CHARITABLE TRUST** ## **YEAR ENDED 5 APRIL 2025** ## **NOTES TO THE ACCOUNTS** **----- Start of picture text -----**
4 Investments
Investments at market value
2025 2024
£ £
(Restated)
Market value at 6 April 600,673 571,897
Additions at cost - 1,676
Disposal proceeds (11,962) (2,318)
Realised and unrealised gains/(losses) (19,624) 29,418
569,087 600,673
Historical cost at 5 April 552,489 563,282
**----- End of picture text -----**
9 Audit Trail |**Document Details**|**Document Details**|**Document Details**||| |---|---|---|---|---| |**Title**|Alfred & Francis Rubens Charitable Trust YE 2025 accounts.pdf|||| |**File Name**|Alfred & Francis Rubens Charitable Trust YE 2025 accounts.pdf|||| |**Document ID**|15a365f8f944f7d80a6f0999749f4a3|||| |**Fingerprint**|44bad04930eab3c17fc8242184a3e821|||| |**Status**|Completed|||| |**Document History**||||| |**Document Created**||Document Created by Burton Sweet (accounts@burton-sweet.co.uk)
Fingerprint: c06a4c13de95364efa05af1891a86298|Feb 05 2026
09:55AM UTC|| |**Document Sent**||Document Sent to Amanda Gutwin (m.gutwin@btinternet.com)|Feb 05 2026
09:55AM UTC|| |**Document Sent**||Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)|Feb 05 2026
09:55AM UTC|| |**Document Viewed**||Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 185.249.213.98|Feb 05 2026
09:56AM UTC|| |**Document Viewed**||Document Viewed by Amanda Gutwin (m.gutwin@btinternet.com)
IP: 86.139.210.23|Feb 05 2026
09:57AM UTC|| |||Document Signed by Amanda Gutwin (m.gutwin@btinternet.com)||| |||IP: 86.139.210.23||| |**Document Signed**|||Feb 05 2026
09:59AM UTC|| |||Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)||| |||IP: 185.249.213.98||| |**Document Signed**|||Feb 05 2026
10:01AM UTC|| |**Document**||This document has been completed.|Feb 05 2026|| |**Completed**||Fingerprint: 44bad04930eab3c17fc8242184a3e821|10:01AM UTC||