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2020-12-31-accounts

li. Westminster Foundation Trustees. Report & Financial Statements Year Ended 31 December 2020 egistered Charity 267618

Trustees. Annual Report Year Ended 31 December 2020 Westminster Foundation- Tr￿￿e£s, Reportand firbanri•l Starefflents 2020

Westminster Foundation Better likyies_. are buil.t o solid foundations

Contents About Us 10 Financial Review 47 Our B•ll•fs 11 Hans for Future P•rlods 48 Early Inhrv•ntlon 12 r￿Ing Concern 48 What W• Fund 13 Stat•m•nt of Dl¥do¥ur• to th• Audltor 48 Em•rglng Prlorltl 14 Sl•t•ment of Trusttts, Respon$lbllltl•$ 49 Our Communltles 16 Inde￿ndent Audltorfs R•port 50 Covld-19 Response 20 St•tm•nt of Fln•n¢l•l Actlvltles 53 A¢hl•v•m•nts & P•rform•nc• 26 B•l•nc• Sh••t 54 L•9•1 IJ Admlnlstr•tlv• Inforniatl•n 42 C•shfiow St•tement 55 Trust••i 43 Notes to th• Flnanclal St•tm•nts 56 Structur•, Gov•rn*ne• Management Sp•el•l Thanks 64 Objects, Alms & Aetlvllles St•tement on Publlc Benefft 46

11 About Us The Westminster Foundation is an independent grant making trust and registered charity (No. 267618). which provides long-term sustainable help and direction to vulnerable young live5. Westminsler Foun- dation represents the charitable interests of the Duke of Westminster and the Grosvenor Estate. The Foundation's grant making is focused on inspiring children and young people early in life {aged 0-251 with opportunities to thrive. build confidence and raise aspirations. The Foundation is dedicating its time to worklng closely with organisations who 5UPPOrt families. schools and local communities. For some, there is not the guidance, care and consistent presence that 15 Vital to face the challenges, or learn to negotiate, the decisions that are presented to young people across every gender. faith, sexuality, ethnicity, and social circumstance. Eady Inter￿ntIOn is critical to set the direth.on of a healthy, secure and fulfillin9 life. We a￿ pa55ionately committed to working with organi5ations that give young people the attention, care and direction that many of us take for granted. There is often no quick fix. Guided by expert5. we work rightthrough to the cause of the issues and support those who need help. By doing that, we can generate opportunities. wellbeing. education. inspiration, trust and hopefully instil confidence that no child or young person is in this alone. Westminster Foundation- Trustees. Report and firhincial Statements 2020 10

Our Beliefs By inspiring children and young people earfy in life with opportunities to thrive, build confidence and raise aspirations, we believe that we can play a role in preventing long-term systemic problems in rural and urban communities. The building blocks of early life are incredibly important. and in many ways so precarious. Without access to some of the key components such as a healthy diet. a safe and Secu￿ home, a positive role model or a supportive family. a child's most basic needs are not being met. A child needs to achieve a threshold of ment31 wellbeing to feel sufficiently safe and stable, to be able to positively engage with opportunities in life. to build resilience and realise their potential. Society commuhtfy Fomlly Aitw•a A41unww ¥is Creating opportunities in isolation does not creale sustainable change. That is more likely to occur when a young person is supported by family. community and wider society. Our funding also alms to create opportunitie5 forthe familys encouraging parents to support and 5UStain a child's aspirations and resilience over time. We support community organisations, schools. colleges, charities, and youth hubs as we believe they are best placed to understand local needs and have the capacity to support their young people over time. We want to use our resources and convening power to encourage shared learning around early intervention and help where necessary to influence change and foster a society in which young people can thrive. As our grant making programme becomes more established and as we have acces5 to multiple years of data. we hope to make the case for change. where needed, more Clearly with our charity partners. Westminster Foundation- T￿￿Èes. Report and financial Statements 2020

Early Intervention Early intervention involves identifying and providing practical early support to children and youn9 people at risk of poor life outcomes. These interventions work to prevent problems from occurring later in life OT to break the cycle before issues become entrenched. It also help5 foster a set of personal stren9ths and skills that prepare a child for potential challenges in their future., often referred to as resilience. Working 'upstream' (before major problems occur), in this way, helps to reduce risk factors and increase protective factors in a child's life. These factors exist at different levels within the child's environment- at the individual, family, community and society level and interact in complex ways. In many cases, risk and protective factors are two sides of the same coin.. for example. poor parental mental health may pose a risk to a child's healthy development. while good parental mental health may provide a protective factor against other adverse outcomes, such as behavioural problems or poor academic attainment. Early interyention may also ￿SuIt in considerable cost savings or economic benefits to agencies working across health, education, employment and crime. An intervention that, for example, keeps students at risk of school exclusion in school will create savings of almost £13,000 per pupil per year in shorter-term school-related costs alone. In the longer terni. uplifts in student employability and their ability in the job market offer benefits far in excess of several hundred thousand pounds per individual over their lifetime. In contrast, if we wait too long to act and problems manifest and become embedded in young peoples, lives, the costs- human in terms of life outcomes, fiscal and economic - become far more severe. Westminster Foundation- T￿￿*Èes. Report and financial Statements 2020 12

What We Fund The Westminster Foundation works with organisations that have an impact at local level and create opportunities for young people up to the age of 25. so that they and their families have the resilience, skills and capacity to lead happy and healthy lives. Our priority is to award grants that benefit young people facing deprivation or intergenerational inequality who might otherwise not have access to these life opportunities. Charities registered with the Charity Commission or organisations with exclusively charitsble objective5 Community organisations (e.g. schools. colleges and youth hubs) who understand the local need and have the capacity to SUPPOrt their young people over time Charities based in Westminster, Chester, rural Cheshire, rural Lanca5hire or rural Sutherland Initiatives making positive early interventional change 80th core cost and project specific grants. Wesiminster Foundation- T￿￿tE po la

Organlsatlon Organlsatlon Grant Amount Purpose ofGrant
A 'Family
Fund' providing
food, respite,
NHS Charities Together E5,000,000 rehabilitation
and positive mental
health
support to frontline
NHS staff and their
families.
University ofOxford 61,000,000 Mental health research
programme,
addressing
a broad range of mental
health issues arising
from the pandemic
affecting children
and
young people.
An 'Education
Community'
providing
online
Barnardo's f315,895 training
resource for education
professionals.
trauma
informed
approach to support
children		 A
on return to school.
Upscaling
The Mix's online services to
The Mix f290,000 support the mental wellbeing
ofchildren
and
young people by improvements
to helpline,
counselling
and community
forums alongside
increased
volunteer
recruitment.
Cheshire West and Chester
Community
Response
Fund		 5250,000 Matched funding
with Cheshire West and
Chester Council to provide crisis support to
local charities
in the Chester area.
The 'Champions
for Children
Fund' raising
The Childhood Trust f220,000 unrestricted
funds for charities working
with
children
whose lives have been impacted
by
the pandemic.
Through the London Food Alliance, providing
Felix Project f160,000 an emergency
response
service for London
families
in need during the crisis (partnering
with City Harvest and FareShare).
LandAid rc150,000 LandAid
Covid-19 Emergency
Fund to raise 61m
to support young homeless people
in crisis,
providing
safe and secure accommodation.
The September
Promise project supporting
Youth Federation f124,555 year13 students,
who are not progressing
in
academia, to find and access to training
and
employment
opportunities.
Through the London Food Alliance,
providing
City Harvest f120,000 an emergency
response service for London
families
in need during the crisis (partnering
with Felix Project and FareShare).
Organisation Grant Amount Purpose ofGrant
Through the London Food Alliance,
providing
FareShare Ic120000 an emergency
response
service for London
families
in need during the crisis (partnering
with City Harvest and Felix Project).
Blacon Community Store E108,000 Providing
food and supplies to vulnerable
families
in the area of Blacon, Chester.
MailForce E100,000 Helping
healthcare
workers and volunteers
obtain essential
personal
protective
equipment
(PPE).
Support forthe Youth Employment
Group
which works collaboratively
with the
Impetus E75,840 Government
and policy makers to ensure
that young people are best supported
during
Covid-19 and its aftermath.
Funding to support18-25 year olds through
Hatch Enterprise E71,500 a 12-month employment
and labour market
readiness
programme
with a focus on BAME
young people, encouraging
entrepreneurialism.
The 'Time to Act Programme'
delivered
in
Cheshire West and Chester aims to identify
Social Finance E69,800 vulnerable
children at risk ofschool exclusion
and support
early intervention
to prevent
an
increased
need post-Covid (see case study).
Funding
towards
'Supporting
Together: A
Farming
Community
Network		 E53,224 Healthy
Future for Young Farmers' focusing
on raising awareness
of rural isolation
and
the signs and symptoms
for young people
experiencing
mental
health issues.
The Princes Trust E50,000 Young People Relief Fund, providing
young
people
in rural communities
with access tothe
digital world.
Providing
small crisis grants for essentials-
Turn2Us f50,000 such as food and utility
bills - and financial
advice to as many people as possible affected
by the pandemic.
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Organisation Organisation Organisation Grant Amount Purpose ofGrant
Healthbox
provide health
and wellbeing
services to cover all aspects ofa young
person's
life, from nutrition,
personal
hygiene,
alcohol and drug awareness
and positive
wellbeing.
Funding
has been awarded
towards
Healthbox CIC f99,200 the organisation's
work in Chester and
surrounding
rural areas, working
with schools
and communities
to provide counselling
and
mental
health support for children
and their
families. Funding towards the core costs of
services and mental
health support for children
and families
in Chester.
Platform for Life is a Chester based mental
health charity offering counselling
and play
therapy
support to low income families.
Funding
awarded
towards
increasing
the
Platform for Life 6110,200 number ofthe weekly counselling
sessions
in
schools and in the local community.
Increasing
Platform for
I ife's capacity in helping to reduce
waiting times for counselling
support and
allowing
them to offer open-ended
tailor made
support for long lasting outcomes.
Street League work with young people aged
14-30and use sport as a tool totackle poverty
and give young people the opportunities
they
need to succeed
in life and the workplace.
Street League 679,460 Funding
has been awarded to identify
young people at risk of unemployment
in
Westminster,
and support them into high
quality
employment,
training
or education.
Funding
will also support young people
in
employment
with opportunities
to develop and
progress
in their careers.
The Country Trust is a national educational
charity bringing
alive the working
countryside
for primary school children
who cannot access
The Country Trust 6200,000 it. Funding
has been awarded
towards core
costs ofthe Country Trust's mission to bring
food, farming
and the countryside
alive for
disadvantaged
children, through
farm visits
and education.
Westminster
Children's
University
works
in
partnership
with schools to develop a love of
learning
in children,
through
encouraging
and
Westminster
Children' s
University		 f103,000 celebrating
participation
in extra-curricular
activities outside ofschool. Funding
has been
allocated tothe expansion
ofthe initiative
across Westminster
Schools. The organisation
supports
resilience and positive mental
health
in young people through
extra-curricular
activities.
Organisation Organisation Grant Amount Purpose ofGrant
The Avenues, The Feathers and StAndrew' s
Club are long established
community-based
Westminster Youth Club f200,000 youth clubs, which enrich young
lives by
providing
a sense of belonging,
fun and
informal
education to nearly 2,000 young
people, where they develop self-confidence,
respect for others and build their abilities
Collaboration to contribute to society as good citizens.
In addition to core costs, funding
has been
awarded to these organisations
to form a
partnership,
along with the Young Westminster
Foundation,
to enhance
outreach
work and		 the
evaluation
ofyouth club provision.
Passion for Learning
promote and support the
enrichment,
education
and mental well-being
ofschool age children to motivate, empower
Passion for Learning Ic100000 and enable them to fulfil their potential.
Funding
has been awarded
towards the core
costs and delivery of Enrichment
Clubs
in the
Chester area. This isto assist children
with
overcoming
social and emotional
challenges		 to
learning
and literacy.
Young Storyhouse
provide young people
with real-life experience
and support them		 in
gaining
new skills, building
friendships
and
Storyhouse f80,000 achieving
qualifications.
Funding
has been
allocated to the Young Leaders Programme
working
with 14-25year olds to help them
develop transferrable
job skills and to raise
their aspirations
through
a structured
volunteering
and leadership
training
course.
Young Minds support families across the UK,
advising
and supporting
them to understand
their child's behaviour
and secure the right
help. Funding
has been allocated to research,
develop,
pilot and scale the organisations'
Young Minds 6160,000 work with trusted
adults supporting
young
people aged 3-21 years to: Understand
the
circumstances
and experiences that impact
on the mental
health ofchildren
and young
people; recognise the signs of mental distress;
and respond
effectively when a young person
needs help.

In special circumstances In special circumstances the Small Grants Panel has awarded
additional,
multi-year
support,
up to		 Grants Panel has awarded
additional,
multi-year
support,
up to
620,000 per annum, to community initiatives
supporting		 young people outside ofa one-off interven-
tion. Small grants totalling 3t373,188were awarded in 2020, with those of3t20,000orgreater
listed below.
Organisation Grant Amount Purpose ofGrant
Blacon Community Store 620,000 Funding
towards the core costs ofthe
Blacon Community
Store, providing
the local
community
with access to affordable food.
Cheshire
Community
Foundation		 f20,000 Funding to address a shortage ofdonors
in Cheshire West and Chester, which
can be distributed
to charities and
community
organisations.
Cheshire West Citizens
Advice		 j20,000 Funding
towards the salaries ofCommunity
Connectors
in Chester helping
families,
often with complex needs, with advice and
signposting
serwces.
Funding
towards the salary ofa Home-Start
Coordinator
in Blacon to recruit and train
Home Start 620,000 family mentors
who provide emotional
and
practical support for struggling
parents of
children
under five years old.

Organisation Organisation Organisation Grant Amount Purpose ofGrant
Friends ofWar
Trust		 Memorials 626,414 Contribution
towards the cost of renting office
space in central
London. The War Memorials
Trust provides
advice and information
for the
conservation
ofwar memorials.
Contribution
towards the annualcost
of
The Institute for Family
Business		 f27,950 renting office space in central London.
The charitable
arm ofthe IFBfocuses
on developing
a greater knowledge
and
understanding
offamily-owned
businesses,
their contribution
to the economy and society
and the key challenges
and opportunities
they
face.
Contribution
towards the annus I cost of
The Interfaith Network 623,950 renting office space in central London. The
charity promotes
positive inter-faith
relations
and improves
awareness
of related issues.
Contribution
towards the cost of renting office
Veterans Aid 668,775 space in central
London. Veterans Aid exists
to help ex-service men and women
who are in
crisis orvulnerably
housed.
Contribution
towards the annual cost of
Vincentian Care Plus 621,777 renting office space in central London. The
charity provides support and befriending
to
elderly people
in their own homes.
Contribution
towards the cost of renting office
The Zacchaeus 2000Trust 649,791 space in central
London.
Z2K helps vulnerable
people
in London facing poverty
and debt by
providing
individual
advice and support.

Organisation Organisation Grant Amount Purpose ofGrant
Hammer
Heads - a 12-week training
course
B.O.L.T. f34,431 in construction
from young people
in low-
income communities.
1he Bede Centre —a new centre in
Bede House f50,000 Southwark to serve those in need and local
young people.
Marin Food Bank 620,838 Marin Food Bank provides food to 141,000
people per week in San Francisco.
Meals on Wheels provide and deliver meals
Meals on Wheels f20,838 to vulnerable
groups across San Francisco,
who were particularly
vulnerable
during the
Covid-19 pandemic.
Caritas Diocesana De Funding towards the refurbishment
ofa
Ir20 376 residential
centre in Madrid for vulnerable
Madrid families.
Dream Big operates
in the suburbs of
Dromstort Konto (Dream 623,649 Stockholm to motivate young people to
reach their potential
by engaging
them
in
Big) activities such as sports, education
and
culture.
Fondation
d'Auteuil
tailor support for young
Fondation
d'Auteuil		 f22,417 people
in Paris, to enable them to flourish
and become a contributing
member of
society,
Organisation Organisation Grant Amount Purpose ofGrant
Notre Joven promotes the social integration
and personal
development
ofyoung people
(16-25)living
in Madrid, who have been
Norte Joven E20,376 unable to complete secondary school
qualifications.
Their programmes
equip
these individuals
with professional
and
personal
skills to prepare them for work.
Caritas Hong Kong 6122,527 The Neighbourhood
Kitchen is a community
organisation
providing
meals to improve the
living standards
of low-income
families
in
ShekTong
Tsui, Hong Kong.
Katariba uses mentors to help young people
Kata riba in Tokyo create a personal
development
667,563 plan to bring about long-term
benefit. The
charity seeks to help young people build
resilience to overcome
life's challenges.
Funding
towards the one-year Leaders
ln
Training
programme,
which provides
high
Mirai no Mori 672,427 school students
living
in child welfare
institutions
with training
on leadership,
communication
and outdoor skills. Mirai no
Mori operates across Japan.
The Foundation
has the purpose of"helping
Sir Horace Kadoorie Youth
Development
Foundation		 650,501 others to help themselves".
Itserves
vulnerable
and disadvantaged
youth
in
China by providing
holistic development
in
hospitality,
technical
and
life skills training
sothat they can become independent.
Teach for Hong Kong recruits promising
Teach for Hong Kong f36,319 young future leaders
in Hong Kong, to be
placed at lower banding
schools as full-
time teachers for underprivileged
students.

20206 2019 IE
UK collective investment scheme 121,226,115 110,086,116
movement in the portfolio during the year is shown below:
2020 2019
Total 6 Total 6
Market value 1January 110,086,116 94,644,590
Purchases 52,100,000
Reinvestment of income Bt management 336,065 1,864,842
fee rebate
Disposals at carrying
value		 (47,000,122)
Investment
gains		 10,803,934 8,476,806
Market value 31 December 121,226,115 110,086,116
Cost 31December 104,300,907 103,964,842
Unlisted
Investments
held		 within UK
20206 20196
Chester BtCounty Unionist Buildings 10 10

20206 20196
Prepayments and accrued income 3,265
Amounts due from associated undertakings 125,492
128,757

20206 2019 IE
Grant liabilities 779,758 1,027,018
Accruals and deferred income 71,631 67,720
851,389 1,094,738

20206 20196
Grant liabilities 153,500 335,793

2020 6 2019E
Grosvenor Group Limited 3,386,804 2,548,445
Grosvenor Family Members 8,000,000
Gift aid on donations 2,000,000
Other donations 28,069 871
13,414,873 2,549,316

2020 2019
As at1 January 110,730,208 95,111,931
Tota I income 13,420,934 4,502,784
Total expenditure (13,485,207) (2,646,654)
Investment
gains		 11,136,952 13,762,147
As at 31December 121,802,887 110,730,208

2020 IE 20196
Investment Management Fees 10,101

20206 2019 IE
Grant making 12,843,163 2,108,968
Other direct costs (1,879) 3,159
Support costs 643,923 524,426
Charitable
activities as per Statement of		 13,485,207 2,636,553
Financial Activities

2020 2019
6
Grant liabilities (net) as at1 January 1,362,811 1,891,285
Grants awarded
in the year		 12,906,335 2,136,456
Grants cancelled
in the year		 (63,172) (27,488)
Grant making as above 12,843,163 2,108,968
Grants paid in the year (13,272,716) (2,637,442)
Grants liabilities as at 31December 933,258 1,362,811

Westminster Foundation 70 Grosvenor Street. London, W1K 3JP R•gist•red Charity in England and Wales No. 267618