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THE STANDARD CHARTERED BANK BENEVOLENT FUND

Registered charity 326764 · accounts filings on the Charity Commission register · also known as THE STANDARD CHARTERED BANK LTD BENEVOLENT FUND

Relieve the poverty of employees and former employees of the Bank or any subsidiary companies throughout the world and any dependants for the aforementioned.

Causes: The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£63k
Latest spending
£43k
Registered
1985
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £199,806 at year-end, a decrease from the previous year's £179,647, following £63,162 in incoming resources and £43,003 in charitable expenditure. The trustees consider the Fund to be a going concern with no material uncertainties, noting that administrative costs are borne by the parent bank and the Fund holds only cash deposits.

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

What the accounts disclose

Reserves policy: to generate interest income and to respond to emergency applications for grants which arise from time to time (held: £200k)
“It is the policy of the Fund to maintain unrestricted funds, which are the free reserves of the Fund, to generate interest income and to respond to emergency applications for grants which arise from time to time.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Interest income from Standard Chartered Bank
“Interest income of £162 (2023: £171) was earned from Standard Chartered Bank, a related party to the Fund.”
“Administrative expenses of the Fund, including the audit fee and support costs are borne by the Bank and are not material to the Fund’s assets.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Administrative expenses borne by Standard Chartered Bank
“Interest income of £162 (2023: £171) was earned from Standard Chartered Bank, a related party to the Fund.”
“Administrative expenses of the Fund, including the audit fee and support costs are borne by the Bank and are not material to the Fund’s assets.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Ernst & Young LLP. Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: City Of London

Income and spending

Financial year endIncomeSpending
31/12/2024£63k£43k
31/12/2023£52k£63k
31/12/2022£60k£8k
31/12/2021£161£51k
31/12/2020£625£11k

Common questions

Is THE STANDARD CHARTERED BANK BENEVOLENT FUND financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £199,806 at year-end, a decrease from the previous year's £179,647, following £63,162 in incoming resources and £43,003 in charitable expenditure. The trustees consider the Fund to be a going concern with no material uncertainties, noting that administrative costs are borne by the parent bank and the Fund holds only cash deposits. Its FY2024 accounts were audited by Ernst & Young LLP.