REUBEN FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds free unrestricted reserves of £81.97m, which the Trustees believe place the charity in a strong financial position to meet ongoing commitments. The group reported a net income of £58.53m for the year, driven by significant investment returns, while total charitable expenditure was £7.19m. The Trustees confirmed adequate resources to continue as a going concern for at least twelve months from the approval date.
What the accounts disclose
“During the year, the charity received donations from subsidiaries under deed of covenant amounting to £60,004,296 (2023: £230,962). At the year end, subsidiary companies owed the charity £4,360,137 (2023: £1,827,023). Amounts were interest free and repayable on demand.” — page 40
“During the year, the charity repaid its holding of bonds issued by Wellington Pub Company Limited, a company in which the Trustees S D Reuben and R D Reuben have a material interest (2023: £13,898,080 of bonds held). Interest of £919,201 (2023: £1,051,183) was recognised on these bands in the year.” — page 40
“During the year, the charity received donations from subsidiaries under deed of covenant amounting to £60,004,296 (2023: £230,962). At the year end, subsidiary companies owed the charity £4,360,137 (2023: £1,827,023). Amounts were interest free and repayable on demand.” — page 40
“During the year, the charity repaid its holding of bonds issued by Wellington Pub Company Limited, a company in which the Trustees S D Reuben and R D Reuben have a material interest (2023: £13,898,080 of bonds held). Interest of £919,201 (2023: £1,051,183) was recognised on these bands in the year.” — page 40
“During the year, the charity received donations from subsidiaries under deed of covenant amounting to £60,004,296 (2023: £230,962). At the year end, subsidiary companies owed the charity £4,360,137 (2023: £1,827,023). Amounts were interest free and repayable on demand.” — page 40
“During the year, the charity repaid its holding of bonds issued by Wellington Pub Company Limited, a company in which the Trustees S D Reuben and R D Reuben have a material interest (2023: £13,898,080 of bonds held). Interest of £919,201 (2023: £1,051,183) was recognised on these bands in the year.” — page 40
“During the year, the charity received donations from subsidiaries under deed of covenant amounting to £60,004,296 (2023: £230,962). At the year end, subsidiary companies owed the charity £4,360,137 (2023: £1,827,023). Amounts were interest free and repayable on demand.” — page 40
“During the year, the charity repaid its holding of bonds issued by Wellington Pub Company Limited, a company in which the Trustees S D Reuben and R D Reuben have a material interest (2023: £13,898,080 of bonds held). Interest of £919,201 (2023: £1,051,183) was recognised on these bands in the year.” — page 40
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- RICHARD ANTHONY STONEchair
- DANA LISA REUBEN
- JAMES ADAM REUBEN
- Joyce Reuben
- Reuben David Reuben
- SIMON DAVID REUBEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £64.3m | £7.2m |
| 31/12/2023 | £5.0m | £11.1m |
| 31/12/2022 | £4.6m | £5.3m |
| 31/12/2021 | £4.2m | £9.2m |
| 31/12/2020 | £6.8m | £91.7m |
Common questions
Is REUBEN FOUNDATION financially healthy?
The accounts state that the charity holds free unrestricted reserves of £81.97m, which the Trustees believe place the charity in a strong financial position to meet ongoing commitments. The group reported a net income of £58.53m for the year, driven by significant investment returns, while total charitable expenditure was £7.19m. The Trustees confirmed adequate resources to continue as a going concern for at least twelve months from the approval date. Its FY2024 accounts were audited by Adler Shine LLP.
Who funds REUBEN FOUNDATION?
Funders whose own accounts filings name REUBEN FOUNDATION as a grant recipient include GRAFF FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GRAFF FOUNDATION | FY2024 | £100k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS KOSOV | 1 | £2k |