THE WESTMINSTER FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £150.8 million, significantly exceeding any stated policy target, while total net assets reached £159.2 million. The charity reported a net gain on investments of £12.1 million and total income of £3.9 million, indicating strong financial stability and adequate resources to continue operations.
What the accounts disclose
“The Foundation paid fees totalling £980,690 (2023: £701,559) to a Grosvenor Trust, which is part of the Grosvenor Family Office.” — page 48
“Grants of £nil (2023: £100,000) and £225,000 (2023: £75,000) respectively were awarded to The Country Trust and Game and Wildlife Conservation Trust (GWCT) during the year. The Duke of Westminster is the President of The Country Trust and a Vice President of GWCT.” — page 48
“The Foundation paid fees totalling £980,690 (2023: £701,559) to a Grosvenor Trust, which is part of the Grosvenor Family Office.” — page 48
“Grants of £nil (2023: £100,000) and £225,000 (2023: £75,000) respectively were awarded to The Country Trust and Game and Wildlife Conservation Trust (GWCT) during the year. The Duke of Westminster is the President of The Country Trust and a Vice President of GWCT.” — page 48
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (16/09/2021)
Trustees
- THE DUKE OF WESTMINSTERchair
- David Charles Holmes
- Jonathan Frederick Lait
- VICTORIA JANE HORNBY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.9m | £8.3m |
| 31/12/2023 | £4.1m | £7.0m |
| 31/12/2022 | £3.2m | £7.5m |
| 31/12/2021 | £10.4m | £5.7m |
| 31/12/2020 | £13.4m | £13.5m |
Common questions
Is THE WESTMINSTER FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £150.8 million, significantly exceeding any stated policy target, while total net assets reached £159.2 million. The charity reported a net gain on investments of £12.1 million and total income of £3.9 million, indicating strong financial stability and adequate resources to continue operations. Its FY2024 accounts were audited by UHY Hacker Young.
Who funds THE WESTMINSTER FOUNDATION?
Funders whose own accounts filings name THE WESTMINSTER FOUNDATION as a grant recipient include CORAM LIFE EDUCATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| CORAM LIFE EDUCATION | FY2025 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £75k |
| CATHOLIC TRUST FOR ENGLAND AND WALES | 1 | £35k |
| THE UNION OF THE SISTERS OF MERCY OF GREAT BRITAIN | 1 | £24k |
| THE BLAKEY FOUNDATION | 1 | £10k |
| THE HIPPODROME CHARITABLE TRUST | 1 | £7k |