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.
Objects
TO ADVANCE, PROMOTE OR CARRY OUT SUCH CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME THINK FIT.
Financial health, per its FY2025 accounts
The Millby Foundation reported a net deficit of £34,935 for the year ended 31 December 2025, resulting in a decrease in unrestricted reserves to £718,696. The charity maintains a strong cash position of £1,208,605 and holds reserves above its stated policy target of approximately six months of budgeted expenditure. The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
“Income of £1,033,869 (2024: £1,387,125) was received from our Sponsorship and Mission Support Partner, The Robert HN Ho Family Foundation Global.” — page 6
“The Trustees aim to maintain unrestricted reserves equivalent to approximately six months of budgeted annual expenditure.” — page 7
“The Charity received income of £1,033,869 (2024: £1,387,125) from The Robert H N Ho Family Foundation Global” — page 19
“During the year, the Foundation awarded a multi-year grant of USD 1,000,000 (£792,632) to The Freedom Fund UK” — page 19
“The Charity received income of £1,033,869 (2024: £1,387,125) from The Robert H N Ho Family Foundation Global” — page 19
“During the year, the Foundation awarded a multi-year grant of USD 1,000,000 (£792,632) to The Freedom Fund UK” — page 19
Policies the charity declares
- Conflicting interests
- 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
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Grant-making is its main activity
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- KEVIN YAU KWONG HO
- MICHELLE ANDREA SHU LAI YUE
- STEPHANIE WONG
- Sarah Mitchell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.0m | £1.1m |
| 31/12/2024 | £1.4m | £1.4m |
| 31/12/2023 | £692k | £699k |
| 31/12/2022 | £651k | £653k |
| 31/12/2021 | £241k | £239k |
Common questions
Is THE MILLBY FOUNDATION financially healthy?
Per its FY2025 accounts: The Millby Foundation reported a net deficit of £34,935 for the year ended 31 December 2025, resulting in a decrease in unrestricted reserves to £718,696. The charity maintains a strong cash position of £1,208,605 and holds reserves above its stated policy target of approximately six months of budgeted expenditure. The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Walden Way & Co Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAVID LISTER CHARITABLE TRUST | 1 | £67k |
| THE MARY KINROSS CHARITABLE TRUST | 1 | £51k |
| THE OFENHEIM CHARITABLE TRUST | 1 | £26k |
| LONDON CATALYST | 1 | £3k |
| THE S M B TRUST | 1 | £3k |
| FOREST HILL CHARITABLE TRUST | 1 | £3k |
| SEEDFIELD TRUST | 1 | £2k |
| SMALLWOOD TRUST | 1 | £2k |
Charities like this
- THE PHILANTHROPY FOUNDATION
- MILLWARD CHARITABLE TRUST
- Mildmay Hospital
- THE WHITBYBIRD FOUNDATION
- MAYPRIDE LIMITED
- MYR CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MILLBY FOUNDATION | £1.0m | — | — | above | — | no doubt |
| THE PHILANTHROPY FOUNDATION | £378k | — | 0 | unclear | — | no doubt |
| MILLWARD CHARITABLE TRUST | £47k | — | 0 | unclear | — | no doubt |
| Mildmay Hospital | £3.8m | — | — | unclear | — | noted |
| THE WHITBYBIRD FOUNDATION | £26k | — | 0 | above | — | no doubt |
| MAYPRIDE LIMITED | £47k | — | 0 | unclear | — | no doubt |