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2021-04-05-accounts

Trustees Karl-Georg Altenburg
Christians Altenburg-von der Goltz
Anabel Altenburg
Charity number 1170216
Principal address Hamlet House
107Arthur Road
London
SW197DR
Auditor Humphrey &CoAudit Services Ltd
7-8The Avenue
Eastbourne
East Sussex
BN21 3YA
Bankers Barclays Bank
Barclays House
8Alexandra Road
Wimbledon
London
SW19JJ2
Solicitors Macfarlanes LLP
20 Cursitor Street
London
EC4A 1LT
Investment advisors J.P. Morgan Bank Luxembourg S.A.
6 Route de Traves
Sennlngerberg
L-2633
Luxembourg

Page
Trustees'
report
1-4
Independent
auditor's
report
Statement
offinancial
activities
Balance sheet
Statement ofcash flows 10
Notes to the financial statements 11-21

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
~hf Notes 6 8 6 6 8 6
Donations and legacies 3 1,247,152 13,198 1,260,350 71,750 34,138 105,888
Investments 4 19,922 19,922 21,411 21,411
Total income 1,267,074 13,198 1,280,272 93,161 34,138 127,299
~E*
dt
Charitable
activities
5 68,918 13,198 82,116 92,768 34,138 126,906
Net gains/(losses) on
investments 11 314,300 314,300 (59,818) (59,818)
Net incoming/(outgoing)
resources 1,512,456 1,512,456 (59,425) (59,425)
Other recognised gains and losses
Other gains or losses 12 (412) (412) 3,163 3,163
Net movement in funds 1,512,044 1,512,044 (56,262) (56,262)
Fund balances at 6April 2020 692,748 692,748 749,010 749,010
Fund balances at 5April
2021 2,204,792 2,204,792 692,748 692,748

2021 2020
Notes 6 6
Fixed assets
Investments 13 2,175,178 726,853
Current assets
Debtors 3,500
Cash at bank and in hand 31,514 40,695
35,014 40,695
Creditors: amounts falling due within
one year 16 (5,400) (74,800)
Net current assets/(liabilities) 29,614 (34,105)
Total assets less current liabilities 2,204,792 692,748
Income funds
Unrestricted
funds
2,204,792 692,748
2,204,792 692,748

2021 2020
Notes E 6
Cash flows from operating activities
Cash absorbed
by operations
(141,818) (38,618)
Investing activities
Purchase of investments (139,271)
Proceeds on disposal of investments 113,127 100,680
Investment income received 19,922 21,411
Net cash generated
from/(used
in)
investing activities 133,049 (17,180)
Net cash used in financing activities
Net decrease
in cash and
cash equivalents (8,769) (55,798)
Cash and cash equivalents at beginning ofyear 40,695 93,330
Effect offoreign exchange rates (412) 3,163
Cash and cash equivalents at end of year 31,514 40,695

Donations and legacies (Continued)
Donations and gifts
Gifted shares by Karl-
Georg Altenburg 1,247,152 1,247,152
Other 13,198 13,198 71,750 34,138 105,888
1,247,152 13,198 1,260,350 71,750 34,138 105,888

Unrestricted Unrestricted
funds funds
2021 2020
8 5
Income from listed investments 19,541 20,311
Interest receivable 381 1,100
19,922 21,411

Access to Access to Other Total Access to Other Total
Sport Education charitable 2021 Education charitable 2020
objectives objectives
2021 2021 2021 2020 2020
6 6 6 6
Grant funding
ofactivities
(see note 6)
5,000 46,260 18,413 69,673 92,377 26,000 118,377
Share of
governance
costs (see
note 7) 894 8,261 3,288 12,443 6,656 1,873 8,529
5,894 54,521 21,701 82,116 99,033 27,873 126,906
Analysis
by fund
Unrestricted
funds 5,894 41,323 21,701 68,918 64,895 27,873 92,768
Restricted
funds 13,198 13,198 34,138 34,138
5,894 54,521 21,701 82,116 99,033 27,873 126,906
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Fees payable to the charity's auditor and associates: 2021 2020
K E
Audit ofthe charity's
annual accounts
4,560
Non-audit services
Other assurance
services
2,400
All other non-audit
services
840
Total non-audit fees 840 2,400

2021 2020
Number Number

Unrestricted Unrestricted
funds funds
2021 2020
Revaluation of investments 323,394 (78,736)
Gain/(loss) on sale of investments (9,094) 18,918
314,300 (59,818)

Other g ains or lo sses
Unrestricted Unrestricted
funds funds
2021 2020
6 F
Foreign exchange (losses) / gains (412) 3,163
Listed
investments
8
Cost or valuation
At6April 2020 726,853
Additions 1,247,152
Valuation changes 323,394
Disposals (122,221)
At 5April 2021 2,175,178
Carrying amount
At 05April 2021 2,175,178
At 05April 2020 726,853

14 Financial instruments 2021 2020
8 6
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 2,175,178 726,853
15 Debtors
2021 2020
Amounts falling due within one year: 8 8
Other debtors 3,500

Creditors: amounts
f
alling due within one year
2021 2020
E
Other creditors 70,000
Accruals and deferred income 5,400 4,800
5,400 74,800

Movement in funds Movement in funds
Incoming Resources Balance at Incoming Resources Balance at
resources expended 6 April 2020 resources expended 5April 2021
E E E E E E
Aleppo School 34,138 (34,138) 13,198 (13,198)

19 Cash generated
from operations
2021f 2020
F
Surplus/(deficit)
for the year
1,512,456 (59,425)
Adjustments
for:
Investment
income recognised
in statement
Donated shares gifted to charity
Loss/(gain)
on disposal of investments
Fair value gains and losses on investments
offinancial activities (19,922)
(1,247,152)
9,094
(323,394)
(21,411)
(18,918)
78,736
Movements
in working
capital:
(Increase)
in debtors
(Decrease)
in creditors
(3,500)
(69,400)
(17,600)
Cash absorbed
by operations
(141,818) (38,618)
20 Analysis ofchanges
in net funds
The charity had no debt during the year.