THE FIDELIS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted reserves of $1,892,709, which the trustees consider to be in line with their policy target of holding reserves equivalent to between six and twelve months of average expenditure. The charity reported a surplus on operating activities of $414,344 and holds no restricted funds, with all income derived from unrestricted donations and investment gains.
What the accounts disclose
“The Foundation aims to hold reserves equal to between six and twelve months of the organization’s average expenditure including grants.” — page 5
“The charity does not yet have any such assets, thanks to the in kind support of The Fidelis Partnership who provide office space and equipment pro bono.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- RICHARD DAVID HENRY BRINDLEchair
- Alan Irving Bossin
- Belinda Jane Tribley
- Charles Benedict Mathias
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.2m | £1.9m |
| 31/12/2023 | £4k | £942k |
| 31/12/2022 | £2.5m | £895k |
| 31/12/2021 | £1.3m | £744k |
Common questions
Is THE FIDELIS FOUNDATION financially healthy?
The accounts state that the charity ended the year with unrestricted reserves of $1,892,709, which the trustees consider to be in line with their policy target of holding reserves equivalent to between six and twelve months of average expenditure. The charity reported a surplus on operating activities of $414,344 and holds no restricted funds, with all income derived from unrestricted donations and investment gains. Its FY2024 accounts were audited by Sterling Partners Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADDERSTONE FOUNDATION | 1 | £1.2m |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| Evergreen Care UK | 1 | £500 |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |