THE BARING FOUNDATION
To improve the quality of life of people suffering disadvantage and discrimination. We aim to achieve this through making grants to strengthen voluntary sector organisations which serve them directly or indirectly and by the added value we bring to this.
Objects
TO PAY OR APPLY OR CAUSE TO BE PAID OR APPLIED THE CAPITAL AND INCOME OF THE FOUNDATION TO SUCH CHARITIES OR FOR SUCH CHARITABLE PURPOSES AND IN SUCH PROPORTIONS IN SUCH MANNER AND SUBJECT TO SUCH TERMS AND CONDITIONS AS THE FOUNDATION MAY DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that net assets increased to £113.0 million, with unrestricted funds of £113.2 million considered sufficient to meet the reserves policy. The charity reported a net expenditure of £1.37 million against investment income of £2.05 million, resulting in a positive net movement in funds. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“£110,000 - £119,999 - £118,351 (2024: £115,056). Number of people one (2024: one)” — page 20
“In addition to holding the major part of its investments in readily marketable quoted securities the Foundation aims to keep cash balances sufficient to meet short-term grant commitments and ongoing expenses.” — page 7
“Nick Capaldi, in relation to the Arts Council of Wales where he had been Chief Executive until September 2021. A grant of £57,000 was agreed in 2025.” — page 22
Year-over-year changes
- Top pay band moved from £110,000 - £120,000 (FY2024) to £110,000 - £119,999 (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Employees paid over £60,000: 3 (£60,001–£70,000: 1; £90,001–£100,000: 1; £110,001–£120,000: 1)
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Employees paid over £60,000: 3 (£60,001–£70,000: 1; £80,001–£90,000: 1; £100,001–£110,000: 1)
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Employees paid over £60,000: 3 (£60,001–£70,000: 1; £80,001–£90,000: 1; £100,001–£110,000: 1)
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House 00950696
Leadership, per the charity’s website
- David Cutler — Director
Company officers (Companies House)
- HOPKINS, James Edward Hardy Lindsell not on trustee list
- HODGSON, Hilary Ruth on trustee list
- SEYAL, Aaliya Mahmood on trustee list
- CAPALDI, Nick on trustee list
- NANGLE, Toby on trustee list
- ROBERTSON, Judith Catherine on trustee list
- MAFETHE, Pontso on trustee list
- MAGWAZA, Dipuo Virginia on trustee list
- COOMBES, Ashley Claire on trustee list
- POPKINS, Jillian Emma on trustee list
- WUHIB-MUTUNGI, Emebet on trustee list
- PULLEN, Rhys John Michael on trustee list
- THORNE, Samuel David Zebedee on trustee list
- JENKINS, James Edward Thomas Moubray on trustee list
- AMEDUME, Vicki not on trustee list
- CUTLER, David Ian
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Aaliya Mahmood Seyal
- Ashley Claire Coombes
- Dipuo Virginia Magwaza
- Emebet Wuhib-Mutungi
- Hilary Ruth Hodgson
- James Edward Hardy Lindsell Willcocks
- James Edward Thomas Moubray Jenkins
- Jillian Emma Popkins
- Judith Catherine Robertson
- Nick Capaldi
- Pontso Mafethe
- RHYS JOHN MICHAEL PULLEN
- Samuel David Zebedee Thorne
- Toby Nangle
- Victoria Amedume
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £2.2m | £3.9m |
| 31/12/2024 | £6.7m | £9.4m |
| 31/12/2023 | £4.0m | £5.4m |
| 31/12/2022 | £2.5m | £4.5m |
| 31/12/2021 | £2.3m | £5.2m |
Common questions
Is THE BARING FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that net assets increased to £113.0 million, with unrestricted funds of £113.2 million considered sufficient to meet the reserves policy. The charity reported a net expenditure of £1.37 million against investment income of £2.05 million, resulting in a positive net movement in funds. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by HaysMac LLP.
What does the highest-paid employee of THE BARING FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £110,000 - £119,999 band.
Who funds THE BARING FOUNDATION?
Funders whose own accounts filings name THE BARING FOUNDATION as a grant recipient include BRIDGE HOUSE ESTATES, Rights and Security International, KENTISH TOWN IMPROVEMENT FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| BRIDGE HOUSE ESTATES | FY2023 | £1.5m | Human rights-based approaches programme |
| Rights and Security International | FY2022 | £50k | |
| KENTISH TOWN IMPROVEMENT FUND | FY2024 | amount not stated | Funded Social Shapla |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 31/10/2023 | £20k | Investment funds |
| UK government | 25/01/2023 | £20k | Investment funds |
| Calouste Gulbenkian Foundation, UK Branch | 01/01/2018 | £10k | The Baring Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 02/02/2017 | £20k | The Baring Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 01/03/2016 | £20k | The Baring Foundation |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HUGH SYMONS CHARITABLE TRUST | 1 | £50k |
| THE BRITTEN FOUNDATION | 1 | £40k |
| THE PAUL JENNINGS AND JEANETTE DUNN CHARITABLE FOUNDATION | 1 | £38k |
| THE ANNANDALE CHARITABLE TRUST | 1 | £15k |
| MARJORIE COOTE ANIMAL CHARITY TRUST | 1 | £10k |
| SYLVANUS CHARITABLE TRUST | 1 | £9k |
| DALGLEISH TRUST | 1 | £7k |
| MARTIN CHARITABLE TRUST | 1 | £6k |
Charities like this
- THE BARRISTERS' BENEVOLENT ASSOCIATION
- PROWTING CHARITABLE FOUNDATION
- THE BORN FREE FOUNDATION
- THE BARING ARCHIVE LIMITED
- THE RANDAL CHARITABLE FOUNDATION
- THE BADUR FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE BARING FOUNDATION | £2.2m | £110,000 - £119,999 | — | above | — | no doubt |
| THE BARRISTERS' BENEVOLENT ASSOCIATION | £559k | — | 0 | above | — | no doubt |
| PROWTING CHARITABLE FOUNDATION | £140k | — | 0 | unclear | — | no doubt |
| THE BORN FREE FOUNDATION | £7.8m | — | — | unclear | — | no doubt |
| THE BARING ARCHIVE LIMITED | £191k | — | — | unclear | — | no doubt |
| THE RANDAL CHARITABLE FOUNDATION | £3.3m | — | 0 | above | — | no doubt |