MILLFIELD
The education of children and young people within Millfield School and Millfield Prep School (including Pre-Prep); the development of associated extra-curricular activites; the operation of educational and recreational courses.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £6.4 million and holds free reserves of £9.2 million, alongside £43.3 million in cash at bank. The trustees and auditors confirm that the group is able to meet its liabilities as they fall due and there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“£340,001 - £350,000 1 =” — page 38
“The Governors’ policy is to examine the needs, risks and challenges faced by the School in both the short and medium terms along with relevant financial plans and forecasts and to establish reserves sufficient to meet these requirements including the School’s longer-term capital expenditure commitments and any longer-term financial obligations.” — page 18
“Purchases of goods in year 689” — page 50
“Gift Aid received 310” — page 50
“Purchases of goods in year 689” — page 50
“Gift Aid received 310” — page 50
“Purchases of goods in year 689” — page 50
“Gift Aid received 310” — page 50
“Purchases of goods in year 689” — page 50
“Gift Aid received 310” — page 50
“Purchases of goods in year 689” — page 50
“Gift Aid received 310” — page 50
“The School also operates a wide variety of educational and recreational holiday courses, retail outlets and related activities, some of which are carried out through a trading subsidiary company, Millfield School Enterprises Limited.” — page 14
Leadership, per the charity’s website
- Gavin Horgan — Millfield Headmaster
- Dan Thornburn — Millfield Prep Headmaster
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- ROLAND DACRE RUDDchair
- Behdad Alizadeh
- DR Peter Marston Warner
- Douglas Bazil Anthony Pinto
- Dr Nicola Suzanne Della Valle
- Giles Alexander Hastings
- Helen Clare Donovan
- JOHN RENNIE MAUDSLAY
- Janet Elizabeth Mitchell
- Louise Alison Simpson
- Michael Gerald Brotherton
- Nicholas William Maddock
- Oliver Richard Welsby
- ROSIJI OLAKITAN SOLUADE
- Robert Mark Abernethy
- Robin Charles Fletcher
- Ross Westgate
- Samuel Alexander Bradley
- Sara Symington
- TIMOTHY PHILIP GRIFFITHS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £70.7m | £64.2m |
| 31/08/2024 | £69.8m | £62.0m |
| 31/08/2023 | £64.1m | £57.9m |
| 31/08/2022 | £57.9m | £54.2m |
| 31/08/2021 | £47.6m | £47.0m |
Common questions
Is MILLFIELD financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £6.4 million and holds free reserves of £9.2 million, alongside £43.3 million in cash at bank. The trustees and auditors confirm that the group is able to meet its liabilities as they fall due and there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.
What does the highest-paid employee of MILLFIELD earn?
Per its FY2025 accounts, the highest-paid employee was in the £340,001 - £350,000 band.
Who funds MILLFIELD?
Funders whose own accounts filings name MILLFIELD as a grant recipient include THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS).
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS) | FY2023 | £2k | |
| THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS) | FY2024 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | 1 | £3.1m |
| MERCHANT TAYLORS' EDUCATIONAL TRUST | 1 | £450k |
| THE SAVOY EDUCATIONAL TRUST | 1 | £66k |
| THE ROTHES CHARITABLE TRUST | 1 | £25k |
| THE FARRINGDON HOUSE SCHOOL CHARITABLE TRUST | 1 | £16k |
| THE DE BRYE CHARITABLE TRUST | 1 | £5k |
| THE GRAND LODGE OF MARK MASTER MASONS' FUND OF BENEVOLENCE | 1 | £4k |
Charities like this
- THE MILL HILL SCHOOL FOUNDATION
- HALLFIELD SCHOOL TRUST
- MAYFIELD SCHOOL LTD
- MILLFIELD FOUNDATION
- WINDMILLS PRESCHOOL LIMITED
- MILLINGTON ROAD NURSERY SCHOOL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MILLFIELD | £70.7m | £340,001 - £350,000 | — | above | — | no doubt |
| THE MILL HILL SCHOOL FOUNDATION | £79.0m | £210,001 - £220,000 | — | below | — | no doubt |
| HALLFIELD SCHOOL TRUST | £7.8m | £150,001 - £160,000 | — | below | — | no doubt |
| MAYFIELD SCHOOL LTD | £15.4m | £120,001 - £130,000 | — | unclear | — | no doubt |
| MILLFIELD FOUNDATION | £244k | — | 0 | unclear | — | no doubt |
| WINDMILLS PRESCHOOL LIMITED | £175k | Under £60,000 | 0 | unclear | — | no doubt |