Charity Accounts Intelreading the accounts so you don’t have to

SIR RICHARD WINFREY MEMORIAL SCHOLARSHIP

Registered charity 1019611 · accounts filings on the Charity Commission register

Giving pupils the opportunity to continue into higher education at Mill Hill School through financial assistance.

Causes: Education/training · website · Get email alerts

Latest income
£35k
Latest spending
£1k
Registered
1993
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity is in the process of transferring its assets and activities to a new Charitable Incorporated Organisation, after which it will cease to operate. The trustees have prepared the financial statements on a going concern basis only up to the planned transfer date in August 2026. Net assets decreased significantly during the year due to the transfer of investments and a decrease in investment market values.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: a high level in order to generate sufficient investment income to be able to pay future awards out of income, and to provide sufficient funds to cover the costs of generating funds and support costs (held: £214k)
“It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a high level in order to generate sufficient investment income to be able to pay future awards out of income, and to provide sufficient funds to cover the costs of generating funds and support costs.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“In August 2026, the trustees intend to transfer all the assets and activities of the charity to a newly established Charitable Incorporated Organisation (CIO), following which the trusts will cease to operate. Accordingly, the trustees do not consider the trusts to be going concerns beyond the point of transfer.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Barnet

Income and spending

Financial year endIncomeSpending
31/08/2025£35k£1k
31/08/2024£35k£930
31/08/2023£21k£865
31/08/2022£40k£1k
05/04/2021£23k£2k

Common questions

Is SIR RICHARD WINFREY MEMORIAL SCHOLARSHIP financially healthy?

Per its FY2025 accounts: The accounts state that the charity is in the process of transferring its assets and activities to a new Charitable Incorporated Organisation, after which it will cease to operate. The trustees have prepared the financial statements on a going concern basis only up to the planned transfer date in August 2026. Net assets decreased significantly during the year due to the transfer of investments and a decrease in investment market values. Its FY2025 accounts were independently examined.