Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
**Charity registration number 1195364**
**THE LIONEL AND FRANCES BAKER CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Dr Philip Baker KC Mr D A Baker Mrs N C Baker Mrs B Lau Mrs V R Kennard **Charity number** 1195364 **Principal address** Field Court Tax Chambers 3 Field Court Gray's Inn London WC1R 5EP **Independent examiner** FMCB Chartered Accountants 3rd Floor Hathaway House Popes Drive Finchley London N3 1QF
Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustee's report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 9|
Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **TRUSTEE'S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The objects of the charity ("the objects") are:
To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time, in particular, but not limited to:
(a) advancing the education of and relieving need among disabled young people for the benefit of the public, particularly for those suffering from Down's Syndrome, by making grants and awards for their care and maintenance;
(b) advancing the Jewish religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature to enlighten others about the Jewish religion;
(c) advancing the education of young people for the benefit of the public by making grants and awards to students in full time education;
(d) advancing the education of the public in the conservation, protection and improvement of the physical and natural environment;
(e) promoting equality and diversity for the benefit of the public by promoting activities to foster understanding between people from diverse backgrounds;
(f) promoting human rights (as set out in the Universal Declaration of Human Rights and subsequent United Nations conventions and declarations) for the benefit of the public throughout the world, in particular by relieving need among the victims of human rights abuse and promoting respect for human rights among individuals and corporations;
(g) promoting racial harmony for the benefit of the public by promoting knowledge and mutual understanding between different racial groups;
(h) advancing education and relieving financial hardship for the benefit of the public amongst those seeking asylum and those granted refugee status;
(i) promoting religious harmony for the benefit of the public, in particular by educating the public in different religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths;
(j) relieving the suffering of animals in need of care and attention for the benefit of the public and, in particular, providing facilities for the reception, care and treatment of such animals;
(k) relieving need for people in any part of the world who are victims of war or natural disaster or catastrophe, in particular by providing grants and awards to those supplying medical aid to such persons.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and in setting grant making policy.
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
# **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
# **TRUSTEE'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **Achievements and performance**
The charity has commenced activity and made grants in the year in keeping with it's objectives.
## **Financial review**
There was no income in the year (2022: £99,500).
Total expenditure in the year was £2,040 (2022: nil) of which £1,340 (2022: nil) was grants to institutions.
At 31 December 2023 the charity had current assets of £97,560 (2022: £99,500) and creditors falling due within one year of £600 (2022: £500) giving net current assets of £96,960 (2022: £99,000), the amount of the charity's reserves.
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The charity is registered with the Charity Commission in England and Wales (registered number 1195364). The governing document of the charity is its trust deed dated 12 October 2020.
The trustees who served during the year and up to the date of signature of the financial statements were: Dr Philip Baker KC Mr D A Baker Mrs N C Baker Mrs B Lau Mrs V R Kennard
## _Recruitment and appointment of trustees_
The charity is managed exclusively by its trustees, of which there must be a minimum of three. With the exception of the first trustees every trustee must be appointed by a resolution of the trustees passed at a special meeting called under clause 15 of the Declaration of Trust.
In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
The Trustee's report was approved by the Board of Trustees.
.............................. Dr Philip Baker KC
## **Trustee**
23 October 2024 Date: .............................................
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
I report to the trustees on my examination of the financial statements of The Lionel and Frances Baker Charitable Trust (the charity) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jeffrey Zinkin **FMCB Chartered Accountants**
3rd Floor Hathaway House Popes Drive Finchley London N3 1QF
Dated: .........................
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2023**|**2022**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|-|99,500|
|**Total income**||-|99,500|
|**Expenditure on:**||||
|Charitable activities|**4**|2,040|500|
|**Total expenditure**||2,040|500|
|**Net income/(expenditure) and movement in funds**||(2,040)|99,000|
|**Reconciliation of funds:**||||
|Fund balances at 1 January 2023||99,000|-|
|**Fund balances at 31 December 2023**||96,960|99,000|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**9**
**Net current assets**
**The funds of the charity**
Unrestricted funds
**10**
The financial statements were approved by the trustees on ....
23|**2023**
**£**
97,560
(600)
.....................
October 2024|**£**
96,960
96,960
96,960|**2022**
**£**
99,500
(500)|**£**
99,000|
|---|---|---|---|---|
|||||99,000|
|||||99,000|
||||||
.............................. Dr Philip Baker KC **Trustee**
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
The Lionel and Frances Baker Charitable Trust is registered as a charity with the Charity Commission in England and Wales. The principal address is 3 Field Court, Grays Inn, London WC1R 5EP.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**3**|**Income from donations and legacies**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**£**|**£**|
||Donations and gifts|-|99,500|
|**4**|**Expenditure on charitable activities**|||
|||**2023**|**2022**|
|||**£**|**£**|
||**Direct costs**|||
||Grants to Institutions|1,340|-|
||**Share of support and governance costs (see note 5)**|||
||Governance|700|500|
|||2,040|500|
||**Analysis by fund**|||
||Unrestricted funds|2,040|500|
|**5**|**Support costs allocated to activities**|||
|||**2023**|**2022**|
|||**£**|**£**|
||Governance costs|700|500|
||**Analysed between:**|||
||Audit fees|700|500|
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **7 Employees**
There were no employees during the period ended 31 December 2023.
## **8 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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Docusign Envelope ID: 1F480388-CFF2-45CC-8A29-5BE6F7E12CE1
## **THE LIONEL AND FRANCES BAKER CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **9 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Accruals and deferred income|600|500|
## **10 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**December**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|General funds|99,000|-|(2,040)|96,960|
|**Previous Period:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2022**|**resources**|**expended**|**December**|
|||||**2022**|
||**£**|**£**|**£**|**£**|
|General funds|-|99,500|(500)|99,000|
## **11 Related party transactions**
There were no disclosable related party transactions during the year.
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