THE MILLS WILLIAMS FOUNDATION
The trustees hold the income and such part of the capital as they determine for such charitable objects and to make donations to such charitable objects as they decide.Charitable objects include annual prizes to students at the Royal College of Music and the Purcell School, funding for the annual Rod Williams Memorial Concert, and other purposes as the trustees may from time to time decide.
Objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT, INCLUDING BUT NOT LIMITED TO1 THE PROVISION OF AN ANNUAL PRIZE TO BE KNOWN AS THE MILLS WILLIAMS JUNIOR FELLOWSHIP TO BE AWARDED TO THE MOST DESERVING STUDENT AT THE ROYAL COLLEGE OF MUSIC FOR COMPOSITION, INSTRUMENTAL PROWESS, CONDUCTING AND VOCAL TALENT AT THE DISCRETION OF THE TRUSTEES2 THE PROVISION OF AN ANNUAL PRIZE TO BE KNOWN AS THE MILLS WILLIAMS SCHOLARSHIP TO BE AWARDED TO A STUDENT AT THE PURCELL SCHOOL3 FINANCIAL SUPPORT FOR AN ANNUAL CONCERT TO BE KNOWN AS THE ROD WILLIAMS MEMORIAL CONCERT TO BE HELD AT AND AS A POTENTIAL PROMOTIONAL INITIATIVE FOR THE ROYAL COLLEGE OF MUSIC IN MEMORY OF ROD WILLIAMS WHOSE DEDICATION TO THE ENCOURAGEMENT OF MUSICAL EXCELLENCE I WAS PROUD TO SHARE AND AM COMMITTED TO PERPETUATING
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £51,806 and a net movement in funds of -£105,935 due to investment losses. Per the trustees' report, free reserves stood at £1,573,915, which the trustees consider satisfactory to meet annual grants and provide financial flexibility. The trustees confirm adequate resources for operational existence for at least the next 12 months.
What the accounts disclose
“The trustees consider this level of free reserves satisfactory to meet annual grants and donations.”
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- NIGEL LEONARD WOOLNERchair
- ALEX WOOLNER
- MAKSIM STSURA
- Riina Luha
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £41k | £92k |
| 05/04/2024 | £38k | £85k |
| 05/04/2023 | £35k | £114k |
| 05/04/2022 | £31k | £80k |
| 05/04/2021 | £29k | £39k |
Common questions
Is THE MILLS WILLIAMS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net outgoing resource of £51,806 and a net movement in funds of -£105,935 due to investment losses. Per the trustees' report, free reserves stood at £1,573,915, which the trustees consider satisfactory to meet annual grants and provide financial flexibility. The trustees confirm adequate resources for operational existence for at least the next 12 months. Its FY2025 accounts were independently examined.