Finance Score: 2

Governance Score: -5

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Reasonable growth: +1
Fundraising costs low: +3

No conflicts policy: -1
Only 3 Trustees: -2
Very static board: -5
Gender balanced board: +3

No supporters identified

Overall GiG Score: -3

THE ALTENBURG FOUNDATION

The Trustees intend to make donations or grants to charitable and other organisations for the delivery of exclusively charitable projects aimed at the advancement of education, citizenship or community development and or amateur sport,

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
There are only 3 trustees
The Board composition appears to be very static

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,876,661 available, equivalent to 144 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
05/04/23		£1,116	£240	£876	£0	£2,877	£2,877	143.6	0
05/04/22		£64	£76	£-12	n/a	n/a	n/a	n/a	n/a
05/04/21	*	£1,280	£82	£1,198	£0	£2,205	£2,205	322.2	0
05/04/20		£127	£127	£0	n/a	n/a	n/a	n/a	n/a
05/04/19		£38	£205	£-167	n/a	n/a	n/a	n/a	n/a
05/04/18		£25	£6	£19	£0	£0	£0	n/a	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 143.6 months
Net Current Assets/Spending: 5 months
Quick Ratio: 8.2

Asset Split ?

Established: 8 years

christiane@rusitrust.com

02089471942

Charity Commission for England and Wales

Listed activities

Amateur Sport
Economic/Community Development/Employment
Education/Training
General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Germany, Throughout England And Wales,

Who it helps

Children/Young People
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

ANABEL ALTENBURG Appointed: 2016

CHRISTIANE ALTENBURG-VON DER GOLTZ (Chair) Appointed: 2016

DR KARL-GEORG ALTENBURG Appointed: 2016

Legal constitution

Charity registered in England & Wales on 16/11/2016, number: 1170216

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Investment
Risk management

Filing Record

6 returns made; AR21: 109 days late,

Main office

HAMLET HOUSE
107 ARTHUR ROAD
LONDON
SW19 7DR

Objectives

AS PER CLAUSE 3 OF THE CHARITY'S TRUST DEED THE TRUSTEES SHALL HOLD THE TRUST FUND UPON TRUST TO APPLY THE INCOME FOR OR TOWARDS:3.1 THE ADVANCEMENT OF EDUCATION;3.2 THE ADVANCEMENT OF AMATEUR SPORT; AND ALL OTHER CHARITABLE PURPOSES AS THE TRUSTEES FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DECIDE.CHARITABLE PURPOSES IS DEFINED AS PURPOSES WHICH ARE WHOLLY AND EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES.

Data Sources