THE MILL HILL SCHOOL FOUNDATION

Registered charity 1064758 · accounts filings on the Charity Commission register

education

Objects

THE FOUNDATION IS ESTABLISHED TO PROMOTE AND PROVIDE FOR THE ADVANCEMENT OF EDUCATION OF PUPILS OF ANY AGE.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: Barnet, London, England (from the postcode on the register)

Latest income
£79.0m
Latest spending
£77.1m
Registered
1997
Accounts read
FY2025

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.

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

What the accounts disclose

Highest-paid employee band: £210,001 - £220,000 — in the top quarter for charities its size (median £130k)
“£210,001 to £220,000 1 1”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £92.8m; policy: maintain financial resources sufficient to meet the Foundation’s normal working capital requirements, as well as current and future capital expenditure obligations. These resources include a combination of: • the regular achievement, on an annual basis, of an acceptable level of positive internal generation of net operational cash flow, after operating expenses but to exclude a charge for depreciation: • the availability of borrowings under one or more medium to long-term committed loan credit facilities; and • to the extent feasible, the availability of further funds resulting from fundraising activities and initiatives which result in donations and contributions to the Foundation, in support of its educational objectives)
“In line with other groups of Independent Schools the Foundation has a deficit of free reserves of £18,404k (2024 £21,112k).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 10. GOVERNORS REMUNERATION AND BENEFITS
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 25. CONTROLLED ENTITIES
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 5 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Ofsted (Office For Standards In Education). This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

27 registered titles in England and Wales held by the charity’s company or corporate body (27 freehold); recorded price paid £5.2m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook (1,063 likes) · instagram (7,112 followers)

Structured financials (annual return, FY ending 31/08/2025)

Total income
£79.0m
Total spending
£77.1m
Cost of raising funds
£69k
Reserves (reported)
£92.8m
Employees
1,027

Reported reserves equal ~14.5 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (96% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.1% of total income — below the median for charities its size (3.7%) (benchmarks).

Register events

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£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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MICHAEL BISHOP FOUNDATIONFY2025Unverified read£2.8m
THE MICHAEL BISHOP FOUNDATIONFY2023£142kScholarship scheme
THE MICHAEL BISHOP FOUNDATIONFY2022£136ksupporting a Scholarship scheme for students who otherwise would not have the opportunity of education at the school.
THE MICHAEL BISHOP FOUNDATIONFY2021£80ksupporting the opportunity of education at the school.

Grants marked “Unverified read” were flagged by automated checks as possibly misread from the funder’s filed accounts. They are listed, but left out of the totals, counts and funder relationships this site computes.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with KNOWLE HILL SCHOOL.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE MILL HILL SCHOOL FOUNDATION£79.0m£210,001 - £220,000—below—no doubt
KNOWLE HILL SCHOOL FY2025£33k—0above—no doubt
MILLFIELD FOUNDATION FY2025£244k—0unclear—no doubt
MICHAEL HALL SCHOOL FY2025£5.5m£80,001 - £90,0002below—no doubt
THE CLIFTON HIGH SCHOOL FOUNDATION FY2025£286k—0unclear—no doubt
GILLINGHAM SCHOOL FY2025£336k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.