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THE MILL HILL SCHOOL FOUNDATION

Registered charity 1064758 · accounts filings on the Charity Commission register

education

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

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 financial health remains strong, with total incoming resources of £78,991k and a net income of £1,886k for the year ended 31 August 2025. The trustees report that the unrestricted reserves are heavily invested in fixed assets, resulting in a deficit of free reserves of £18,404k, though the group maintains adequate resources to continue in operational existence.

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”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £92.8m; policy: sufficient to meet the Foundation’s normal working capital requirements, as well as current and future capital expenditure obligations)
“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: Subsidiary rent and services
“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 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 (3.8%) (benchmarks).

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 financial health remains strong, with total incoming resources of £78,991k and a net income of £1,886k for the year ended 31 August 2025. The trustees report that the unrestricted reserves are heavily invested in fixed assets, resulting in a deficit of free reserves of £18,404k, though the group maintains adequate resources to continue in operational existence. 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 FOUNDATIONFY2025£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.

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.

FunderSimilar charities fundedAmount to them
GREYGARTH ASSOCIATION1£240k
THE SAVOY EDUCATIONAL TRUST1£66k
THE ROTHES CHARITABLE TRUST1£25k
THE FARRINGDON HOUSE SCHOOL CHARITABLE TRUST1£16k
THE GRAND LODGE OF MARK MASTER MASONS' FUND OF BENEVOLENCE1£4k
THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS)1£3k
JOHN JACKSON CHARITABLE TRUST1£320

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MILLFIELD.

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
MILLFIELD FY2025£70.7m£340,001 - £350,000—above—no doubt
SOMERHILL CHARITABLE TRUST LIMITED FY2025£9.7m——unclear—no doubt
MAYVILLE HIGH SCHOOL LIMITED FY2025£5.4m£80,000 - £90,0001within—no doubt
ST BEDE'S FOUNDATION FY2025£7.9m——unclear—noted
THE CAVENDISH SCHOOL CHARITABLE TRUST LIMITED FY2025£4.0m——unclear—no doubt

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