Finance Score: -4

Governance Score: 0

Support Score: 0

Deficit on unrestricted reserves: -2
Deficit latest year: -2

No supporters identified

Overall GiG Score: -4

THE MOHN WESTLAKE FOUNDATION

General Charitable Purposes

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income

Financial issues to consider:

There was a deficit on unrestricted reserves of £14,044,068 at the last year end after deducting the value of own use assets
Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs
31/12/22	£10,603	£13,659	£-3,055	£0	£7,455	£-14,044	-12.3
31/12/21	£9,157	£9,035	£123	£0	£13,278	£-11,038	-14.7
31/12/20	£13,877	£18,493	£-4,616	£0	£10,831	£-11,331	-7.4
31/12/19	£7,256	£11,706	£-4,450	£0	£18,343	£-7,692	-7.9
31/12/18	£4,413	£5,742	£-1,330	£0	£17,808	£0	n/a
31/12/17	£5,589	£6,895	£-1,306	£0	£14,166	£-2,189	-3.8

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 65%
Liabilities/Income: 133%
Unrestricted Funds/Total Funds: -188%
Reserves/Spending: -12.3 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.7

Asset Split ?

Established: 8 years

www.themohnwestlakefoundation.co.uk

charitabletrusts@ludlowtrust.com

02045342750

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

OYVIND BJORNSEN Appointed: 2023

DIANA JUDITH GERALD Appointed: 2016

MARIT MOHN BSC-MSC-LL (Chair) Appointed: 2016

ROBERT WESTLAKE Appointed: 2016

STIAN WESTLAKE Appointed: 2016, Other trusteeship: TWO MAGPIES FUND,

Legal constitution

Charity registered in England & Wales on 04/11/2016, number: 1170045

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management

Filing Record

6 returns made; all on time

Main office

Ludlow Trust Co Ltd
Tower Wharf
Cheese Lane
BRISTOL
BS2 0JJ

Objectives

SUCH OF THE FOLLOWING CHARITABLE PURPOSES AS THE TRUSTEES FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DECIDE: 3.1 THE PREVENTION AND RELIEF OF POVERTY, HARDSHIP AND DISTRESS, AND THE RELIEF OF THOSE IN NEED BECAUSE OF YOUTH, AGE OR DISADVANTAGE; 3.2 THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT; 3.3 THE ADVANCEMENT OF HEALTH AND THE SAVING OF LIVES; 3.4 THE ADVANCEMENT OF THE ARTS, CULTURE, HERITAGE AND SCIENCE; 3.5 THE ADVANCEMENT OF ENVIRONMENTAL PROTECTION AND PRESERVATION; AND 3.6 ANY OTHER PURPOSE RECOGNISED AS CHARITABLE IN LAW, WHICH MAY BE REGARDED AS ANALOGOUS TO, OR WITHIN THE SPIRIT OF THE AFORESAID PURPOSES.

Data Sources