THE MILL HILL SCHOOL FOUNDATION
education
Objects
THE FOUNDATION IS ESTABLISHED TO PROMOTE AND PROVIDE FOR THE ADVANCEMENT OF EDUCATION OF PUPILS OF ANY AGE.
Financial health, per its FY2025 accounts
The accounts state that the Foundation's unrestricted reserves stand at £92,845,000, but the trustees report a deficit of free reserves of £18,404,000 because these reserves are heavily invested in fixed assets. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. The Foundation generated a net income of £1,886,000 from regular operations, excluding exceptional merger items.
What the accounts disclose
“£210,001 to £220,000 1 1”
“In line with other groups of Independent Schools the Foundation has a deficit of free reserves of £18,404k (2024 £21,112k).”
“3 Governors (2024: 11) were reimbursed travel expenses totalling £368 (2024: £8,302).”
“*an annual rental of £50 k (2024: £50k), salary and pension of £215k (2024: £207k), heat and light of £3.6k (2024: £3.6k), repairs and maintenance of £Nilk (2024: £1k), telephone of £Nil (2024: £237) was paid to The Foundation.” — page 49
“3 Governors (2024: 11) were reimbursed travel expenses totalling £368 (2024: £8,302).”
“*an annual rental of £50 k (2024: £50k), salary and pension of £215k (2024: £207k), heat and light of £3.6k (2024: £3.6k), repairs and maintenance of £Nilk (2024: £1k), telephone of £Nil (2024: £237) was paid to The Foundation.” — page 49
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/08/2025
- Employees paid over £60,000: 191 (£60,001–£70,000: 58; £70,001–£80,000: 69; £80,001–£90,000: 45; £90,001–£100,000: 7; £100,001–£110,000: 4; £110,001–£120,000: 1; £130,001–£140,000: 1; £140,001–£150,000: 1; £150,001–£200,000: 4; £200,001–£250,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2024
- Employees paid over £60,000: 151 (£60,001–£70,000: 49; £70,001–£80,000: 56; £80,001–£90,000: 34; £90,001–£100,000: 5; £100,001–£110,000: 1; £110,001–£120,000: 1; £120,001–£130,000: 2; £130,001–£140,000: 1; £150,001–£200,000: 1; £200,001–£250,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2023
- Employees paid over £60,000: 120 (£60,001–£70,000: 66; £70,001–£80,000: 35; £80,001–£90,000: 9; £90,001–£100,000: 3; £100,001–£110,000: 2; £110,001–£120,000: 1; £120,001–£130,000: 1; £150,001–£200,000: 3)
- Has a trading subsidiary
In the news
- Charity Finance 250 Index: Mill Hill School Foundation boosted by expansion
- Saracens Group and the Mill Hill School Foundation announce Official Partnership
Leadership, per the charity’s website
- David Benson — Head
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (02/11/2026)
Trustees
- Andrew Millet
- Anthony Edwin Leggett
- Anthony POOLE
- Debashis Dasgupta
- ELLIOT LIPTON MBA
- Eleni Patel
- Mark Skelly
- Mary Moore
- Michael James Bentall
- NEIL JAMES
- Nigel Taylor
- Noyan Nihat
- Paul Dunleavy
- STEPHANIE JONES MILLER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £79.0m | £77.1m |
| 31/08/2024 | £98.4m | £61.8m |
| 31/08/2023 | £53.7m | £52.7m |
| 31/08/2022 | £53.5m | £44.8m |
| 31/08/2021 | £47.9m | £36.5m |
Common questions
Is THE MILL HILL SCHOOL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the Foundation's unrestricted reserves stand at £92,845,000, but the trustees report a deficit of free reserves of £18,404,000 because these reserves are heavily invested in fixed assets. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. The Foundation generated a net income of £1,886,000 from regular operations, excluding exceptional merger items. Its FY2025 accounts were audited by HaysMac LLP.
What does the highest-paid employee of THE MILL HILL SCHOOL FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £210,001 - £220,000 band.
Who funds THE MILL HILL SCHOOL FOUNDATION?
Funders whose own accounts filings name THE MILL HILL SCHOOL FOUNDATION as a grant recipient include THE MICHAEL BISHOP FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | FY2025 | Unverified read£2.8m | |
| THE MICHAEL BISHOP FOUNDATION | FY2023 | £142k | Scholarship scheme |
| THE MICHAEL BISHOP FOUNDATION | FY2022 | £136k | supporting a Scholarship scheme for students who otherwise would not have the opportunity of education at the school. |
| THE MICHAEL BISHOP FOUNDATION | FY2021 | £80k | supporting the opportunity of education at the school. |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NISBET TRUST | 1 | £21k |
| THE DE BRYE CHARITABLE TRUST | 1 | £5k |
| HERMES TRUST | 1 | £4k |
| THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS) | 1 | £3k |
Charities like this
- KNOWLE HILL SCHOOL
- MILLFIELD FOUNDATION
- MICHAEL HALL SCHOOL
- THE CLIFTON HIGH SCHOOL FOUNDATION
- GILLINGHAM SCHOOL
- HIGHFIELDS PRIMARY SCHOOL FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MILL HILL SCHOOL FOUNDATION | £79.0m | £210,001 - £220,000 | — | below | — | no doubt |
| KNOWLE HILL SCHOOL | £33k | — | 0 | above | — | no doubt |
| MILLFIELD FOUNDATION | £244k | — | 0 | unclear | — | no doubt |
| MICHAEL HALL SCHOOL | £5.5m | £80,001 - £90,000 | 2 | below | — | no doubt |
| THE CLIFTON HIGH SCHOOL FOUNDATION | £286k | — | 0 | unclear | — | no doubt |
| GILLINGHAM SCHOOL | £336k | — | 0 | unclear | — | no doubt |