2021-05-31-accounts

		Page
Legal and administrative	information
Trustees' report		2-3
Statement of trustees'	responsibilities
Independent examiner's	report
Statement of financial	activities
Balance sheet
Notes to the accounts		8-10

Settlor			Kurt Rolf Richard	Kurt Rolf Richard	Bjorklund	Bjorklund	Bjorklund
Trustees			Kurt Rolf Richard		Bjorklund
			Kim Pontus Aldell		(Retired		10April 2019)
			Dahlia Bjorklund		(Appointed			10April 2019)
Date ofsettlement			31 May 2017
Charity number			1173473
Principal	address		20 Old Bailey
			London
			EC4M 7AN
Accountants			Smith Et Williamson			LLP
			Portwall Place
			Portwall Lane
			Bristol
			BS1 6NA
Independent		examiner	PJE Chartered	Accountants
			2 Oakfield Road
			Clifton
			Bristol
			BS82AL
Bankers			J P Morgan International				Bank Limited
			1 Boulevard du	Roi		Albert	II
			B-1210Brussels
			Belgium
Solicitors			Withers LLP
			20 Old Bailey
			London
			EC4M 7AN

					Unrestricted	Unrestricted
					funds	funds
					Total	Total
					2020	2019
			Notes	Page	E	E
Income and endowments
Donations received					263,737	183,600
Deposit interest					1	97
Gift aid					65,934	20,093
Total income					329,672	203,790
~Ex enditure
Charitable activities
Grants payable					(69,109)
Governance costs
Accountancy fees					(2,640)	(2,580)
Independent examiner fees					(505)	(600)
Bank charges					(322)	(91)
Legal fees					(1,&47)	(1,961)
Total expenditure					(74,423)	(5,231)
Other recognised		gains/(losses):
Gains/(losses)	on foreign exchange				(4,457)	(9,214)
Net movement	in	funds			250,792	189,345
Fund balances	at 1 June 2019				(3&2,341)	(571,685)
Fund balances	at	31 May 2020			(131,549)	(382,341)

								2020		2019
					Notes	Page		E		E
Current assets
Debtors							215,157		149,223
Cash at bank and in		hand					9,514		4,656
							224,671		153,879
Liabilities
Creditors:	amounts	falling		due	8
within one year							(179,700)		(183,180)
Total assets	less current		liabilities					44,971		(29,301)
Creditors: amounts		falling due			9
after more	than one year							(176,520)		(353,040)
Net assets								(131,549)		(382,341)
Funds
Unrestricted	funds							(131,549)		(382,341)
								(131,549)		(382,341)

1	Accounting policies	Accounting policies							(C	ont	inued)
1.8	Foreign exchange
	Foreign currency transactions			are converted	to	sterling	on	the date of transaction.
	Grant commitments	at the year end in foreign				currency		are converted	to sterling or revalued		using
	the exchange rate	on 31	May 2020.
2	Donations								2020		2019
									E		E
	Mr Kurt Bjorklund								263,737	183,600
									263,737	183,600
3	Legal status ofthe trust
	The charity is governed		by a trust deed dated 31 May				2017.
4	Grants payable								2020		2019
									E		E
	Teach First								50,000
	Zeitz Foundation								19,109
									69,109
	Reconciliation of	grants	payable
	Commitments at 1	June	2019						529,560	702,240
	Grants payable for the year
	Grants paid during	the year							(181,338)	(179,231)
	Foreign exchange	(gain)/loss							4,818		6,551
	Commitments at 31 May		2020						353,040		529,560
	Commitments at 31 May		2020	are payable	as follows:
	Within one year								176,520		176,520
	After more than one year								176,520		353,040
									353,040		529,560
5	Related party transactions

7	Debtors					2020	2019
						E	E
	Gift aid receivable					215,157	149,223
						215,157	149,223
8	Creditors: amounts			failing due within	one year	2020	2019
						E	E
	Accountancy	fees -		Smith R Williamson	LLP	2,460	5,460
	Independent	examiner fees				720	1,200
	Grants payable		- The INSEAD Foundation			176,520	176,520
						179,700	183,180
9	Creditors:	amounts		falling due after more than one year		2020	2019
						E	E
	Grants payable		- The INSEAD Foundation			176,520	353,040
						176,520	353,040