THE MILLBY FOUNDATION
To advance, promote or carry out such charitable purposes as the trustees in their absolute discretion from time to time think fit. General charitable purposes.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £753,631 at year-end, which is above its stated policy target of £470,000. The charity reported a small surplus of £5,423 for the year and maintains a strong cash position of £1,280,298, with the Trustees confirming the entity is a going concern.
What the accounts disclose
“Our entire Income of £1,387,125 (2023: £692,213) was recelved from our Sponsorship and Mission Support Partner, The Robert H N Ho Family Foundation Global.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- KEVIN YAU KWONG HO
- MICHELLE ANDREA SHU LAI YUE
- STEPHANIE WONG
- Sarah Mitchell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.4m |
| 31/12/2023 | £692k | £699k |
| 31/12/2022 | £651k | £653k |
| 31/12/2021 | £241k | £239k |
| 31/12/2020 | £2.1m | £2.1m |
Common questions
Is THE MILLBY FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £753,631 at year-end, which is above its stated policy target of £470,000. The charity reported a small surplus of £5,423 for the year and maintains a strong cash position of £1,280,298, with the Trustees confirming the entity is a going concern. Its FY2024 accounts were audited by Walden Way & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PACKARD FOUNDATION | 1 | £720k |
| THE DE BRYE CHARITABLE TRUST | 1 | £5k |
Charities like this
- THE MILES MORLAND FOUNDATION
- A MILLION REALITIES FOUNDATION
- THE CHARLES RUSSELL SPEECHLYS FOUNDATION
- MILLS AND REEVE CHARITABLE TRUST
- MILLFIELD FOUNDATION
- THE MORGAN CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MILLBY FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| THE MILES MORLAND FOUNDATION | £235k | — | — | within | — | no doubt |
| A MILLION REALITIES FOUNDATION | £1.0m | — | 0 | above | — | no doubt |
| THE CHARLES RUSSELL SPEECHLYS FOUNDATION | £639k | — | 0 | unclear | — | no doubt |
| MILLS AND REEVE CHARITABLE TRUST | £324k | — | 0 | unclear | — | no doubt |
| MILLFIELD FOUNDATION | £244k | — | 0 | unclear | — | no doubt |