WELLINGTON MANAGEMENT UK FOUNDATION

Registered charity 1167369 · accounts filings on the Charity Commission register

Providing Educational Grants for economically disadvantaged youth.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£1000k

Latest spending

£1.0m

Registered

2016

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £61,797 at the end of the financial year, a decrease from £83,935 in the prior period. The Trustees report no minimum reserves policy, noting that grant levels are determined by available funding. The charity received £999,869 in donations and grants, spending £1,022,007 on charitable activities, resulting in a net expenditure for the year.

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

What the accounts disclose

Largest income source: Grant Received (82% of income)

“Grant Received 818,195” — page 12

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: WMIL paid expenses for fundraising and governance costs totaling £73,484, with a net cost of £62,595 recognized in the Statement of Financial Activities after VAT recovery by WMIL. An amount of £5,200 was owed from WMIL at year-end.

“During 2024 WMIL paid expenses relating to the company that totalled £73,484 (2023: £19,147) for fundraising and governance costs. At year end the amount owing from WMIL was £5,200 (2023: £5,940). The VAT element of the above was recovered by WMIL and therefore is not borne by the Foundation. The net cost of £62,595 has been included in the Statement of Financial Activities.” — page 15

“The independent examination fee for the year was £6,240 (2023: £5,940), inclusive of VAT. This fee was paid directly by Wellington Management International Limited, a related party. The VAT element of the fee was recovered by the related party and was not borne by the Foundation. The net amount of £5,200 has been recognised in the Statement of Financial Activities.” — page 13

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: WMIL paid the independent examination fee of £6,240 directly. The net amount of £5,200 was recognized in the Statement of Financial Activities.

“During 2024 WMIL paid expenses relating to the company that totalled £73,484 (2023: £19,147) for fundraising and governance costs. At year end the amount owing from WMIL was £5,200 (2023: £5,940). The VAT element of the above was recovered by WMIL and therefore is not borne by the Foundation. The net cost of £62,595 has been included in the Statement of Financial Activities.” — page 15

“The independent examination fee for the year was £6,240 (2023: £5,940), inclusive of VAT. This fee was paid directly by Wellington Management International Limited, a related party. The VAT element of the fee was recovered by the related party and was not borne by the Foundation. The net amount of £5,200 has been recognised in the Statement of Financial Activities.” — page 13

Per its FY2024 accounts as filed with the Charity Commission.

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

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Wellington Foundations — “The Wellington Foundations support programs and organizations seeking to close the opportunity and achievement gaps for youth and young adul…” (source page)
Wellington Management Foundations — “Wellington provides global support to programs and organizations that are helping to improve education and educational opportunities for you…” (source page)
Wellington Management Foundation — “The Wellington Management Foundation and Wellington Management UK Foundation are both independent corporate foundations, supported by Wellin…” (source page)
Wellington Management UK Foundation — “The Wellington Management Foundation and Wellington Management UK Foundation are both independent corporate foundations, supported by Wellin…” (source page)

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1000k

Total spending

£1.0m

Cost of raising funds

£58k

Reserves (reported)

£62k

Employees

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 5.8% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

James Stollchair
Ali Towfighi
Anna Hoddinott
Anna Lunden
Antony Christofi
JOANNE CAREY
Rajvinder Virdee
Supriya Menon
Thomas Horsey

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£1000k	£1.0m
31/12/2023	£841k	£922k
31/12/2022	£1.4m	£1.3m
31/12/2021	£1.1m	£1.1m
31/12/2020	£973k	£968k

Common questions

Is WELLINGTON MANAGEMENT UK FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £61,797 at the end of the financial year, a decrease from £83,935 in the prior period. The Trustees report no minimum reserves policy, noting that grant levels are determined by available funding. The charity received £999,869 in donations and grants, spending £1,022,007 on charitable activities, resulting in a net expenditure for the year. Its FY2024 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE WELLINGTON SCHOOL FOUNDATION.

THE WELLINGTON SCHOOL FOUNDATION income £320k
SIR WILLIAM BOREMAN'S FOUNDATION income £157k
THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION income £221k
WELLESLEY COLLEGE FOUNDATION (UK) LIMITED income £140k
WELLINGBOROUGH SCHOOL FOUNDATION income £132k
THE WELDON UK CHARITABLE TRUST income £259k

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
WELLINGTON MANAGEMENT UK FOUNDATION	£1000k	—	unclear	—	no doubt
THE WELLINGTON SCHOOL FOUNDATION FY2025	£320k	—	unclear	—	no doubt
SIR WILLIAM BOREMAN'S FOUNDATION FY2025	£157k	—	above	—	no doubt
THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION FY2025	£221k	—	above	—	no doubt
WELLESLEY COLLEGE FOUNDATION (UK) LIMITED FY2025	£140k	—	unclear	—	no doubt
WELLINGBOROUGH SCHOOL FOUNDATION FY2025	£132k	—	below	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.