MILLFIELD FOUNDATION
Provision of scholarships to underprivileged children.
Financial health, per its FY2025 accounts
The accounts state that total restricted reserves increased to £7,040,160, held entirely for the purpose of funding donations to Millfield for scholarships and bursaries. The charity generated a net movement in funds of £600,483, driven by investment gains, while donation income decreased significantly from the prior year. The trustees and auditors confirm that resources are adequate to meet current and future obligations with no material uncertainties regarding going concern.
What the accounts disclose
“During the year, Millfield School collected donations totalling £87,187 (2024: £161,554) and transferred £87,187 (2024: £156,103) to the Foundation. The remaining balance of £Nil (2024: £5,451) is included within other debtors.”
“Trustees and their related parties made aggregate donations of £26,440 (2024: £102,640) during the year to Millfield Foundation.” — page 22
“During the year, Millfield School collected donations totalling £87,187 (2024: £161,554) and transferred £87,187 (2024: £156,103) to the Foundation. The remaining balance of £Nil (2024: £5,451) is included within other debtors.”
“Trustees and their related parties made aggregate donations of £26,440 (2024: £102,640) during the year to Millfield Foundation.” — page 22
Structured financials (annual return, FY ending 31/08/2023)
Trustees
- Alexandra West
- Behdad Alizadeh
- Douglas Bazil Anthony Pinto
- Dr Eleanor Sian Decamp
- MR WILLIAM JOHN BUSHELL
- Martin Jeremy Craigs
- Rachael Knodell Bennett
- TIMOTHY PHILIP GRIFFITHS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £244k | £205k |
| 31/08/2024 | £414k | £137k |
| 31/08/2023 | £957k | £233k |
| 31/08/2022 | £678k | £250k |
| 31/08/2021 | £459k | £182k |
Common questions
Is MILLFIELD FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total restricted reserves increased to £7,040,160, held entirely for the purpose of funding donations to Millfield for scholarships and bursaries. The charity generated a net movement in funds of £600,483, driven by investment gains, while donation income decreased significantly from the prior year. The trustees and auditors confirm that resources are adequate to meet current and future obligations with no material uncertainties regarding going concern. Its FY2025 accounts were audited by HaysMac LLP.
Who funds MILLFIELD FOUNDATION?
Funders whose own accounts filings name MILLFIELD FOUNDATION as a grant recipient include THE DE BRYE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE DE BRYE CHARITABLE TRUST | FY2024 | £5k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | 1 | £3.1m |
| THE TOMLINSON FAMILY CHARITABLE TRUST | 1 | £225k |
| The Brindle Foundation | 1 | £14k |
| DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION | 1 | £11k |
| THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS) | 1 | £3k |
Charities like this
- MILLFIELD
- THE MILLBY FOUNDATION
- THE ROWLAND EDUCATIONAL FOUNDATION
- The London Foundation for Banking & Finance
- THE MILL HILL SCHOOL FOUNDATION
- CLIFTON COLLEGE DEVELOPMENT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MILLFIELD FOUNDATION | £244k | — | 0 | unclear | — | no doubt |
| MILLFIELD | £70.7m | £340,001 - £350,000 | — | above | — | no doubt |
| THE MILLBY FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| THE ROWLAND EDUCATIONAL FOUNDATION | £378k | — | 0 | above | — | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| THE MILL HILL SCHOOL FOUNDATION | £79.0m | £210,001 - £220,000 | — | below | — | no doubt |