Charity Accounts Intelreading the accounts so you don’t have to

WELLINGTON MANAGEMENT UK FOUNDATION

Registered charity 1167369 · accounts filings on the Charity Commission register

Latest income
£1000k
Latest spending
£1.0m
Registered
2016
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves decreased to £83,935 from £164,390 in the prior year, resulting in a net expenditure of £80,455. The Trustees confirm there is no minimum reserves policy and that the going concern basis is appropriate as the company has adequate resources for the foreseeable future.

What the accounts disclose

Related-party transaction: WMIL paid expenses for the company
“During 2023 WMIL paid expenses relating to the company that totalled £19,147 (2022: £71,392) for fundraising and governance costs. At year end the amount owing from WMIL was £5,940 (2022: £13,860). The Trustees delegate day-to-day administrative duties, including finances, to the employees of WMIL who volunteer their time. Services volunteered by WMIL employees relate to finance support and grant recommendations. Whilst these services are substantial, the associated value to the company is hard to reliably quantify and is not considered material in the context of the financial statements as a whole and has therefore been excluded.” — page 14
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Funders the charity credits

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

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
0

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

Trustees

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£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?

The accounts state that unrestricted reserves decreased to £83,935 from £164,390 in the prior year, resulting in a net expenditure of £80,455. The Trustees confirm there is no minimum reserves policy and that the going concern basis is appropriate as the company has adequate resources for the foreseeable future. Its FY2023 accounts were independently examined.

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