RUBISLAW FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity holds investment property valued at £63,679,004 and generated unrestricted investment income of £2,258,935. However, the consolidated balance sheet reports a deficiency in free reserves of £450,092, which the trustees attribute to deferred income and short-term bank loans. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“As at 31 December 2023 the group had a deficiency in free reserves of £450,092 (2022: £460,144).” — page 6
“Mr D A Bistricer, trustee of Rubislaw Foundation, is also a director and shareholder of Talisker (UK) Corporation. At the year end £5,494,671 (2022:£5,774,671) was owing to Talisker (UK) Corporation from the group. Rubislaw Foundation was owing £5,931,671 (having repaid £280,000 during the year) and its subsidiary F. Parham Limited was owing £563,000. The above loans are interest free and due after one year.” — page 26
“The charity has the following wholly owned non-charitable subsidiaries; F.Parham Limited (Company number 00252045) Wembley Metro Limited (Company number 12278442) Hempstead Valley Investments Limited (Company number 11885347)” — page 4
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DAVID ASHER BISTRICERchair
- MARTIN ANTHONY RICHMAN
- Tzvi Rudinsky
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £1.7m |
| 31/12/2023 | £2.3m | £1.7m |
| 31/12/2022 | £2.2m | £1.7m |
| 31/12/2021 | £2.0m | £1.7m |
| 31/12/2020 | £2.1m | £1.4m |
Common questions
Is RUBISLAW FOUNDATION financially healthy?
The accounts state that the charity holds investment property valued at £63,679,004 and generated unrestricted investment income of £2,258,935. However, the consolidated balance sheet reports a deficiency in free reserves of £450,092, which the trustees attribute to deferred income and short-term bank loans. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Haffner Hoff Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FIRSTFRUITS GOSPEL FOUNDATION | 1 | £200k |
| GRAFF FOUNDATION | 1 | £100k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST HELEN'S CHURCH NORTH KENSINGTON | 1 | £6k |
| THE CROSS TRUST | 1 | £5k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON | 1 | £5k |
| THE CHARIS TRUST | 1 | £500 |