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THE ING CHARITABLE TRUST

Registered charity 275328 · accounts filings on the Charity Commission register · also known as THE BARING CHARITABLE TRUST

Applying funds to charitable causes

Causes: General Charitable Purposes · Get email alerts

Latest income
£26k
Latest spending
£35k
Registered
1978
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £1,287,369, which is above the trustees' stated policy target of no less than £1,000,000. The charity generated £25,740 in investment income against £34,518 in charitable expenditure, resulting in a net decrease in funds for the year.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investment income (100% of income)
“Income & Endowments from: Investment income Total income 25,740”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: no less than £1,000,000 (held: £1.3m)
“consider that the Charity should hold reserves of no less than £1,000,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: ING Bank N.V., London Branch is deemed to be a related party and donates financial accounting services which are considered to be immaterial. There are no amounts due to or from ING Bank N.V., London Branch at the balance sheet date.
“ING Bank N.V., London Branch is deemed to be a related party and donates financial accounting services which are considered to be immaterial. There are no amounts due to or from ING Bank N.V., London Branch at the balance sheet date.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£26k£35k
31/12/2023£3k£36k
31/12/2022£0£31k
31/12/2021£0£116k
31/12/2020£14k£78k

Common questions

Is THE ING CHARITABLE TRUST financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,287,369, which is above the trustees' stated policy target of no less than £1,000,000. The charity generated £25,740 in investment income against £34,518 in charitable expenditure, resulting in a net decrease in funds for the year. Its FY2024 accounts were independently examined.