Finance Score: 2

Governance Score: -1

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Large legacies income: +1
Fundraising costs low: +3

Only 4 Trustees: -1

No supporters identified

Overall GiG Score: 1

THE WESTMINSTER FOUNDATION

This is a grant making charity, you can view its grants here

The charity is a grant making foundation that seeks to provide opportunities for young people (0 to 25) and their families, living in Westminster, Chester and rural areas, to raise their aspirations and improve their prospects throughout life. Further details are provided on our website.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

There are only 4 trustees

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £132,603,687 available, equivalent to 212 months of spending and so may not be able to utilise additional funding

Established: 49 years

www.westminsterfoundation.org.uk

westminster.foundation@grosvenor.com

02074080988

Charity Commission for England and Wales

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	£3,209	£7,495	£-4,286	£0	£140,576	£132,604	212.3
31/12/21	£10,391	£5,694	£4,697	£0	£149,073	£140,567	296.2
31/12/20	£13,421	£13,485	£-64	£0	£121,803	£121,803	108.4
31/12/19	£4,503	£2,647	£1,856	£0	£110,730	£110,730	502.1
31/12/18	£45,005	£2,754	£42,252	£0	£95,112	£95,112	414.5
31/12/17	£56,836	£2,603	£54,234	£0	£60,046	£60,046	276.9
31/12/16	£2,690	£1,479	£1,212	£0	£5,360	£5,360	43.5
31/12/15	£3,168	£42,058	£-38,890	£38	£3,963	£3,963	1.1
31/12/14	£3,303	£4,051	£-748	£26	£42,974	£42,974	127.3
31/12/13	£2,629	£2,219	£410	£26	£41,913	£41,913	226.7
31/12/12	£2,814	£1,507	£1,308	£30	£38,771	£38,771	308.8
31/12/11	£2,551	£4,513	£-1,961	£34	£34,162	£34,162	90.8
31/12/10	£3,907	£6,304	£-2,397	£19	£37,794	£37,794	71.9
31/12/09	£2,473	£2,513	£-40	£0	£35,781	£35,781	170.9
31/12/08	£2,431	£1,563	£868	£-1	£30,938	£30,938	237.5
31/12/07	£3,823	£1,967	£1,857	£4	£38,026	£37,986	231.8
31/12/06	£2,743	£1,881	£862	£0	£0	£0	n/a
31/12/05	£1,719	£1,382	£337	£0	£0	£0	n/a
31/12/04	£2,665	£2,508	£157	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 2.5%
Fundraising Costs/Total Spending: 1%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 39%
Unrestricted Funds/Total Funds: 94%
Reserves/Spending: 212.3 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.7

Asset Split ?

Listed activities

Accommodation/Housing
Amateur Sport
Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Recreation
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Organisations
Other charitable activities
Provides buildings/facilities/open space

Where it operates

Cheshire West & Chester, City Of Westminster, Scotland,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

DAVID CHARLES HOLMES Appointed: 2023, Occupation: Chief Executive, Other trusteeships: PAC-UK LTD, FRIENDSHIP WORKS, CHILDREN ENGLAND, BUILDING A NEW DIRECTION LIMITED, PORTSMOUTH ABUSE AND RAPE COUNSELLING SERVICE,

JONATHAN FREDERICK LAIT Appointed: 2023

THE DUKE OF WESTMINSTER (Chair) Appointed: 2018

VICTORIA JANE HORNBY Appointed: 2020

Legal constitution

Charity registered in England & Wales on 07/04/1975, number: 267618

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; all on time

Recent reorganisation events:

Asset transfer in from ANNE DUCHESS OF WESTMINSTER'S CHARITY on 16/09/2021

Main office

GROSVENOR
70 GROSVENOR STREET
LONDON
W1K 3JP

Objectives

TO PAY OR APPLY THE INCOME AND THE WHOLE OR PART OF THE CAPITAL FOR SUCH CHARITABLE OBJECTS AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE.

Defined Area of Benefit:

NOT DEFINED

Data Sources