THE MOHN WESTLAKE FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £19,105,047, comprising an expendable endowment fund of £39,093,950 and unrestricted funds in deficit of £19,988,903. The trustees note that the deficit on free reserves arises from the timing of liability recognition and transfers from the endowment fund, and they do not consider it necessary to maintain significant free reserves given the availability of the expendable endowment. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise reserves may arise from time to time.” — page 5
“During the year under review, £15,000,000 (2024: £15,000,000) of donations were received from Marstia Invest AS of Norway, the settlor and one of the trustees wholly own the company.” — page 17
“During the year under review, no grants (2024: a grant of £3,083,833) were awarded to BookTrust, of which one of the trustees is Co-Chief Executive.” — page 17
“During the year under review, £15,000,000 (2024: £15,000,000) of donations were received from Marstia Invest AS of Norway, the settlor and one of the trustees wholly own the company.” — page 17
“During the year under review, no grants (2024: a grant of £3,083,833) were awarded to BookTrust, of which one of the trustees is Co-Chief Executive.” — page 17
“During the year under review, £15,000,000 (2024: £15,000,000) of donations were received from Marstia Invest AS of Norway, the settlor and one of the trustees wholly own the company.” — page 17
“During the year under review, no grants (2024: a grant of £3,083,833) were awarded to BookTrust, of which one of the trustees is Co-Chief Executive.” — page 17
Leadership, per the charity’s website
- Marit Mohn — Chair
- Stian Westlake — Trustee
- Robert Westlake — Trustee
- Diana Gerald — Trustee
- Øyvind Bjørnsen — Trustee
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (11/05/2017)
Trustees
- Dame Marit Mohnchair
- DIANA JUDITH GERALD
- Oyvind Bjornsen
- ROBERT WESTLAKE
- Stian Westlake
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £11.1m | £12.5m |
| 31/12/2024 | £6.3m | £13.0m |
| 31/12/2023 | £11.9m | £9.9m |
| 31/12/2022 | £10.6m | £13.7m |
| 31/12/2021 | £9.2m | £9.0m |
Common questions
Is THE MOHN WESTLAKE FOUNDATION financially healthy?
The accounts state that the charity holds total funds of £19,105,047, comprising an expendable endowment fund of £39,093,950 and unrestricted funds in deficit of £19,988,903. The trustees note that the deficit on free reserves arises from the timing of liability recognition and transfers from the endowment fund, and they do not consider it necessary to maintain significant free reserves given the availability of the expendable endowment. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Blue Spire Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 2 | £380k |
| THE HENDON FAMILIES SYNAGOGUE LIMITED | 1 | £929k |