THE FIDELITY UK FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the Foundation remains in a sound financial position with net assets increasing by 11.3% to £388,038,573. The unrestricted fund holds a deficit of £5,566,123, which the Trustees confirm can be funded by redemptions from the endowment. The Trustees and auditors report no material uncertainties regarding the Foundation's ability to continue as a going concern.
What the accounts disclose
“The value of unrestricted funds at 31 December 2025 was a deficit of £5,566,123 (2024: deficit of £1,666,604).”
“During 2025, the Foundation received a donation of £3,400,000 from FIL Holdings (UK) Limited (“FHL”) (2024: £6,200,000 from FHL). FHL is a subsidiary of FIL. FIL is a company with three directors in common with the Foundation’s Trustees.” — page 26
“The Foundation investments include £285,646,780 of funds held in an investment portfolio managed by FIL Pensions Management (“FPM”) (2024: £245,569,617). FPM is a subsidiary of FIL.” — page 26
“During 2025, the Foundation received a donation of £3,400,000 from FIL Holdings (UK) Limited (“FHL”) (2024: £6,200,000 from FHL). FHL is a subsidiary of FIL. FIL is a company with three directors in common with the Foundation’s Trustees.” — page 26
“The Foundation investments include £285,646,780 of funds held in an investment portfolio managed by FIL Pensions Management (“FPM”) (2024: £245,569,617). FPM is a subsidiary of FIL.” — page 26
“During 2025, the Foundation received a donation of £3,400,000 from FIL Holdings (UK) Limited (“FHL”) (2024: £6,200,000 from FHL). FHL is a subsidiary of FIL. FIL is a company with three directors in common with the Foundation’s Trustees.” — page 26
“The Foundation investments include £285,646,780 of funds held in an investment portfolio managed by FIL Pensions Management (“FPM”) (2024: £245,569,617). FPM is a subsidiary of FIL.” — page 26
Leadership, per the charity’s website
- Lenka Setkova — Chief Executive
Funders the charity credits
- Fidelity International
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- ANTHONY BOLTONchair
- ABIGAIL JOHNSON
- Dr Linda Yueh CBE
- Dr Malcolm Austin Rogers
- Edward C Johnson IV
- Elizabeth L Johnson
- Peter Dean Goldsbrough
- SALLY WALDEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £12.4m | £16.3m |
| 31/12/2024 | £16.5m | £15.6m |
| 31/12/2023 | £17.5m | £13.8m |
| 31/12/2022 | £6.9m | £10.9m |
| 31/12/2021 | £12.0m | £13.0m |
Common questions
Is THE FIDELITY UK FOUNDATION financially healthy?
The accounts state that the Foundation remains in a sound financial position with net assets increasing by 11.3% to £388,038,573. The unrestricted fund holds a deficit of £5,566,123, which the Trustees confirm can be funded by redemptions from the endowment. The Trustees and auditors report no material uncertainties regarding the Foundation's ability to continue as a going concern. Its FY2025 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHICHESTER CATHEDRAL RESTORATION AND DEVELOPMENT TRUST CIO | 1 | £100k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST.WILFRID, GRAPPENHALL | 1 | £6k |
| CHELSEA ACADEMY FOUNDATION | 1 | £5k |