THE BARING FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that net assets increased to £107.9 million at the year-end, with unrestricted funds of £105.4 million. The trustees consider this level of unrestricted funds meets their reserves policy, which aims to maintain the real value of annual grants in perpetuity. The charity reported a net income of £2.8 million and made grants totaling £8.2 million.
What the accounts disclose
“David Cutler - Director salary £115,056” — page 20
“The number of staff earning over £60,000 in the year was 3” — page 20
“The Trustees consider that the current level of unrestricted funds of £107.9 million at 31 December 2024 meets this reserves policy.”
“Trustee, Shauneen Lambe, is a Director of Youth Justice Legal Centre, a grantee in 2024.” — page 22
“Trustee, Victoria Amedume, is the Creative Director of The Albany, a grantee in 2024.”
“Trustee, Shauneen Lambe, is a Director of Youth Justice Legal Centre, a grantee in 2024.” — page 22
“Trustee, Victoria Amedume, is the Creative Director of The Albany, a grantee in 2024.”
“Trustee, Shauneen Lambe, is a Director of Youth Justice Legal Centre, a grantee in 2024.” — page 22
“Trustee, Victoria Amedume, is the Creative Director of The Albany, a grantee in 2024.”
“Trustee, Shauneen Lambe, is a Director of Youth Justice Legal Centre, a grantee in 2024.” — page 22
“Trustee, Victoria Amedume, is the Creative Director of The Albany, a grantee in 2024.”
“Trustee, Shauneen Lambe, is a Director of Youth Justice Legal Centre, a grantee in 2024.” — page 22
“Trustee, Victoria Amedume, is the Creative Director of The Albany, a grantee in 2024.”
Year-over-year changes
- Top pay band moved from £100,001 - £110,000 (FY2023) to £110,001 - £120,000 (FY2024).
Leadership, per the charity’s website
- David Cutler — Director
Structured financials (annual return, FY ending 31/12/2024)
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 |
|---|---|---|
| 31/12/2024 | £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 |
| 31/12/2020 | £2.2m | £5.4m |
Common questions
Is THE BARING FOUNDATION financially healthy?
The accounts state that net assets increased to £107.9 million at the year-end, with unrestricted funds of £105.4 million. The trustees consider this level of unrestricted funds meets their reserves policy, which aims to maintain the real value of annual grants in perpetuity. The charity reported a net income of £2.8 million and made grants totaling £8.2 million. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of THE BARING FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band, and 3 employees earned over £60,000.
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 |
|---|---|---|
| BRIDGE HOUSE ESTATES | FY2023 | £1.5m |
| Rights and Security International | FY2022 | £50k |
| KENTISH TOWN IMPROVEMENT FUND | FY2024 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £4k |