BAXTER LESSER FOUNDATION
Charity number: 1205991
Trustees’ Annual Report and Accounts
For the year ended 31th December 2024
Trustees’ Annual Report
Reference and administrative details
Charity name: Baxter Lesser Foundation
Registered charity number: 1205991
Principal address: International House, 64 Nile Street, London, N1 7SR.
Trustees during the year:
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Hugo Lesser, Chair & Treasurer
-
Matthew Maxter, Trustee
Structure, governance and management
The Baxter Lesser Foundation is a charitable trust governed by a Trust Deed dated 30th November 2023. The trustees are appointed in accordance with the provisions of the governing document.
Objectives and activities
The charity’s objects are to promote charitable purposes for the public benefit, in particular by making small grants to individuals or organisations in need or for the advancement of education, health, or community development. During the year the Foundation received donations and made a small grant in line with these objectives.
Achievements and performance
In the period ended 31th December 2024, the Foundation received total income of £500 in donations. It made one grant payment of £5 to support charitable activity. The trustees are satisfied that the Foundation is fulfilling its charitable aims effectively and remains in a position to make further grants as funds allow.
Financial review
At 31th December 2024, the charity held cash balances of £495. There were no liabilities outstanding at the year end. The trustees consider the financial position to be sound and will continue to seek modest donations to support future grants.
Reserves policy
Given the small scale of operations, the trustees aim to retain sufficient reserves to meet anticipated grant commitments and administrative costs.
Plans for future periods
In 2025, the trustees intend to continue making small charitable grants in line with the Foundation’s objectives.
Statement of trustees’ responsibilities
The trustees are responsible for keeping accounting records that comply with the Charities Act 2011 and for preparing an annual report and accounts that comply with current regulations.
Approved by the trustees on 29th September 2025 and signed on their behalf by:
_______ Hugo Lesser, Trustee
Date: 29th September 2025
Receipts and Payments Account
For the year ended 31th December 2024
| Receipts | £ |
|---|---|
| Donations received | 500 |
| Total receipts | 500 |
| Payments | £ |
|---|---|
| Grants made | 5 |
| Total payments | 5 |
Net movement in funds: £495 Cash at bank at start of year: £0 Cash at bank at end of year: £495
Statement of Assets and Liabilities
As at 31 December 2024
| Assets | £ |
|---|---|
| Cash at bank | 495 |
| Total assets | 495 |
There were no other assets or liabilities at the year end.
Approved by the trustees on 29th September 2025 and signed on their behalf by:
Hugo Lesser, Trustee Date: 29th September 2025