STANDARD CHARTERED FOUNDATION
Latest income
£4.4m
Latest spending
£15.0m
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at USD42.1 million against a stated policy target of at least USD200,000. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by a long-term funding agreement with its parent group.
What the accounts disclose
Reserves policy: at least USD200,000 (held: £42.1m)
“the Trustees consider that the target for free reserves, after any designations, should be at least USD200,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Bank is the sole Member of SCF. The Member undertakes to contribute a sum not exceeding GBP1 to the assets of the Charity in the event of it being wound up while it is a Member, or within one year after it ceases to be a Member.
“The Bank is the sole Member of SCF. The Member undertakes to contribute a sum not exceeding GBP1 to the assets of the Charity in the event of it being wound up while it is a Member, or within one year after it ceases to be a Member.”
“At 31 December 2024, the Bank owed SCF USD51 million (net present value USD46.2 million) (2023: USD60 million) to be settled in 2025 to 2030.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: At year-end, the Bank owed SCF USD51 million (net present value USD46.2 million) to be settled between 2025 and 2030.
“The Bank is the sole Member of SCF. The Member undertakes to contribute a sum not exceeding GBP1 to the assets of the Charity in the event of it being wound up while it is a Member, or within one year after it ceases to be a Member.”
“At 31 December 2024, the Bank owed SCF USD51 million (net present value USD46.2 million) (2023: USD60 million) to be settled in 2025 to 2030.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Tracey McDermott, CBE — Chair, Standard Chartered Foundation Board of Trustees
Structured financials (annual return, FY ending 31/12/2024)
Total income
£4.4m
Total spending
£15.0m
Cost of raising funds
£28k
Reserves (reported)
£33.9m
Employees
0
Trustees
- Tracey McDermottchair
- Bella Deborah Mary Bird
- Caroline Gathoni Ngigi
- Daniel James Hodge
- Mirza Iraj Ispahani
- PATRICK FOOK YAU LEE
- Raymond Ang
- Tanuj KAPILASHRAMI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.4m | £15.0m |
| 31/12/2023 | £47.0m | £5.2m |
| 31/12/2022 | £3.3m | £13.3m |
| 31/12/2021 | £1.1m | £9.9m |
| 31/12/2020 | £25.2m | £6.3m |
Common questions
Is STANDARD CHARTERED FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at USD42.1 million against a stated policy target of at least USD200,000. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by a long-term funding agreement with its parent group. Its FY2024 accounts were audited by RSM UK Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 2 | — |
| THE FRANK JACKSON FOUNDATION | 1 | £85k |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| THE PARGITER TRUST | 1 | £80k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |
| ST EDMUNDS TRUST | 1 | £21k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |