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|||Page|
|---|---|---|
|Reference and administrative<br>details ofthe Charity, Its Trustees and advisers|||
|Trustees' report||2-4|
|Independent<br>examiner's|report||
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial statements||8-19|





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|Trustees||Christopher|David Freeman,|David Freeman,|Chair||
|---|---|---|---|---|---|---|
|||Peter Baker,|Trustee||||
|||Stephen<br>Fenton, Trustee|||||
|||Charles Joseph,||Trustee|||
|||Simon Springett,||Trustee|||
|Charity registered|||||||
|number||235230|||||
|Principal office||Bakers Hall|||||
|||9 Harp Lane|||||
|||London|||||
|||EC3R6DP|||||
|Independent||Kreston Reeves||LLP|||
|Examination||Chartered<br>Accountants|||||
|||2nd Floor|||||
|||168Shoreditch||High Street|||
|||London|||||
|||E1 6RA|||||
|Bank||HSBC|||||
|||40Temple Fortune Parade|||||
|||London|||||
|||NW11 OQU|||||
|Investment|Advisors|Adam &Company<br>investment|||Management|Limited|
|||22 Charlotte|Sqaure||||
|||Edinburgh|||||
|||EH2 4DF|||||
|Treasurer to the||R.Chweidan|||||
|Trustees|||||||





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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
||||Note|||R||
|Income from:||||||||
|Donations<br>and legacies|||||18,889|18,889|16,022|
|Other trading<br>activities|||||22,328|22,328|97,425|
|investments||||1,568|36,696|38,264|48,128|
|Total income||||1,568|77,913|79,48'I|161,575|
|Expenditure<br>on:||||||||
|Raising funds|||||4,354|4,354|4,400|
|Charitable<br>activities|||||77,119|77,119|55,763|
|Total expenditure|||||81,473|81,473|60,163|
|Net income/(expenditure)||before net||||||
|gains/(losses)<br>on Investments||||1,568|(3,560)|(1,992)|101,412|
|Net gains/(losses)|on investments|||8,938|(65,999)|(57,061)|173,564|
|Net movement<br>In|funds|||10,506|(6$,559)|(5$,053)|274,976|
|Reconciliation<br>of|funds:|||||||
|Total funds brought|forward|||80,412|2,463,292|2,543,704|2,268,72&|
|Net movement<br>in funds||||10,506|(69,559)|(59,053)|274,976|
|Total funds carried forward||||90,91S|2,393,733|2,484,651|2,543,704|





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||||Note||2020f||2019f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||11||855,004||855,004|
|Investments|||12||1,559,153||1,501,545|
||||||2,414,157||2,356,549|
|Current assets||||||||
|Debtors|||13|400||30,774||
|Cash at bank and in hand||||76,444||159,081||
|||||76,844||189,855||
|Creditors: amounts|falling due within one|||||||
|year|||14|(6,350)||(2,700)||
|Net current assets|||||70,494||187,155|
|Total assets less current liabilities|||||2,484,651||2,543,704|
|Net assets excluding||pension asset|||2,484,651||2,543,704|
|Total net assets|||||2,484,651||2,543,704|
|Charity funds||||||||
|Restricted funds|||15||90,918||80,412|
|Unrestricted<br>funds|||15||2,393,733||2,463,292|
|Total funds|||||2,484,651||2,543,704|






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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||f.|F.||
|Net Rents Receivable||22,328|22,328|20,095|
|Exceptional|income - sale oflease|||77,330|
|||22,328|22,328|97,425|
|Total 2019||97,425|97,425||



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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
|||R|K||
|Income from listed investments|1,568|36,393|37,961|47,410|
|Bank interest||303|303|718|
||1,568|36,696|38,264|48,128|
|Total 2019|1,354|46,774|48,128||



||Grants to|Total|Total|
|---|---|---|---|
||Institutions|funds|funds|
||2020|2020|2019|
|Grants Payable|62,909|62,909|43,993|
|Total 2019|43,993|43,993||





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||||2020|2019|
|---|---|---|---|---|
|||||F|
|Name ofinstitution|||||
|City Food<br>I ecture||||3,000|
|Lessons in Loaf|||4,020|4,300|
|Lord Mayo Cs Appeal|||5,000||
|Bakers' Benevolent Society|||2,520|1,500|
|Morgan's<br>Loubert||||2,670|
|Sherriff &Recorder Fund|||750|1,500|
|Associate ofBakers Student Society|||3,000|1,500|
|University<br>of London Officers Training||Corps|1,500|1,500|
|London<br>University<br>Royal Naval|Unit||1,500||
|City &Guilds|||1,520||
|HMS Heron Central Fund||||1,500|
|Shoreditch<br>Trust donation|||13,881|4,627|
|European<br>Bakery Course donation|||3,184|11,059|
|Masters charity donations<br>- Ebony Horse Club and Saracen School|||1,750||
|Guildhall<br>School of Music|||4,500|4,500|
|NHS Livery Kitchen|||2,000||
|Irish Society||||2,000|
|Livery School|||1,600|1,500|
|Shoreditch<br>Trust and Love Parcels -||Food Parcels|5,682||
|Big Curry Lunch- Armed Services Pain Mangement|||6,500||
||||58,907|41,156|
|Other grants to institutions|||4,002|2,837|
||||62,909|43,993|





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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2019|
|Grants Payable|||62,909|62,909|43,993|
|Legal and Professional|||(410)|(410)|359|
|Brokers' Management||Fee|10,958|10,958|8,080|
|Accountants|Fee||3,600|3,600|3,331|
|Other costs|||62|62||
||||77,119|77,119|55,763|
|Total 2019|||55,763|55,763||



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||||Grant||||
|---|---|---|---|---|---|---|
||||funding of|Support|Total|Total|
||||activities|costs|funds|funds|
||||2020|2020f|2020|2019|
|Grants Payable|||62,909||62,909|43,993|
|Legal and Professional||||(410)|(410)|359|
|Brokers' Management||Fee||10,958|10,958|8,080|
|Accountants|Fee|||3,600|3,600|3.331|
|Other costs||||62|62||
||||62,909|14,210|77,119|55,763|
|Total 2019|||43,993|11,770|55,763||



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||||Long-term||
|---|---|---|---|---|
|||Freehold|leasehold||
|||property|property|Total|
|Cost orvaluation|||||
|At 1 January 2020||4|855,000|855,004|
|At 31 December 2020||4|855,000|855,004|
|Net book value|||||
|At 31 December 2020||4|855,000|855,004|
|At 31 December 2019||4|855,000|855,004|
|Freehold<br>investment|property||||





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|||||Otherfixed||
|---|---|---|---|---|---|
||||Listed|asset||
||||investments|Investments|Total|
||||||R|
||Cost or valuation|||||
||At 1 January 2020||1,501,545||1,501,545|
||Additions||112,182|91,993|204,175|
||Capital account movement||(15,960)||(15,960)|
||Disposals||(73,546)||(73,546)|
||Revaluations||(57,061)||(57,061)|
||At 31 December 2020||1,467,160|91,993|1,559,153|
||Net book value|||||
||At 31 December 2020||1,467,160|91,993|1,559,153|
||At 31December 2019||1,501,545||1,501,545|
|13.|Debtors|||||
|||||2020f|2019|
||Due within one year|||||
||Other debtors|||400|30,774|
|14.|Creditors: Amounts|falling due within one year||||
|||||2020|2019|
|||||F.|F|
||Accruals and deferred|income||6,350|2,700|





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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||31|
|||January|||Transfers|Gains/|December|
|||2020|Income|Expenditure|In/out.|(Losses)|2020|
||||||E|||
|Designated<br>funds||||||||
|Designated||||||||
|Funds||13,582|||1,000||14,582|
|General funds||||||||
|General Funds||2,449,710|77,913|(81,473)|(1,000)|(65,999)|2,379,151|
|Total||||||||
|Unrestricted||||||||
|funds||2,463,292|77,913|(81,473)||(65,999)|2,393,733|
|Restricted||||||||
|funds||||||||
|Restricted|Fund|||||||
|-The Stanley||||||||
|Wise Fund||22,730|||||22,730|
|Restricted|Fund|||||||
|-The Joseph<br>Fund||6,330|||||6,330|
|Restricted|Fund|||||||
|-The Paul||||||||
|Manducca||||||||
|Fund||51,352|1,568|||8,938|61,85&|
|||80,412|1,568|||8,938|90,918|
|Total offunds||2,543,704|79,481|(81,473)||(57,061)|2,484,651|





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|Statement|offun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||31|
|||1 January|||Transfers|Gains/|December|
|||2019|income|Expenditure|in/out|(Losses)|2019|
|||||||E||
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Designated||||||||
|Funds||12,582|||1,000||13,582|
|Generalfunds||||||||
|General Funds||2,188,559|160,221|(60,163)|(1,000)|162,093|2,449,?10|
|Total||||||||
|Unrestricted||||||||
|funds||2,201,141||(60,163)||162,093|2,463,292|
|Restricted||||||||
|funds||||||||
|Restricted|Fund|||||||
|-The Stanley||||||||
|Wise Fund||22,730|||||22,730|
|Restricted|Fund|||||||
|-The Joseph||||||||
|Fund||6,330|||||6,330|
|Restricted|Fund|||||||
|-The Paul||||||||
|Manducca||||||||
|Fund||38,527|1,354|||11,471|51,352|
|||67,587|1,354|||11,471|80,412|
|Total offunds||2,268,728|1,354|(60,163)||173564|2543704|





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|Summary<br>offun|ds - current year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2020|income|Expenditure|in/out|(Losses)|2020|
|||R||E|||
|Designated|||||||
|funds|13,582|||1,000||14,582|
|General funds|2,449,710|77,913|(81,473)|(1,000)|(65,999)|2,379,151|
|Restricted funds|80,412|1,568|||8,938|90,918|
||2,543,704|79,481|(81,473)||(57,061)|2,484,651|





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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2019|Income|Expenditure|in/out|(Losses)|2019|
||E||F||F|F|
|Designated|||||||
|funds|12,582|||1,000||13,582|
|General funds|2,188,559|160,221|(60,163)|(1,000)|162,093|2,449,710|
|Restricted funds|67,587|1,354|||11,471|80,412|
||2,268,728|161,575|(60,163)||173,564|2,543,704|



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|Analysis ofnet assets between funds -curre|nt period|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2020|2020f|2020|
|Tangible fixed assets||855,004|855,004|
|Fixed asset investments|90,918|1,468,235|1,559,153|
|Current assets||76,844|76,844|
|Creditors due within one year||(6,350)|(6,350)|
|Total|90,918|2,393,733|2,484,651|



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|Analysis ofnet assets between funds - prior|period|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2019|2019|2019|
|||F||
|Tangible fixed assets||855,004|855,004|
|Fixed asset investments|80,412|1,421,133|1,501,545|
|Current assets||189,855|189,855|
|Creditors due within one year||(2,700)|(2,700)|
|Total|80,412|2,463,292|2,543,704|



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