ABBOT'S HILL LIMITED
Provision of Education to young people (further details can be obtained from website)
Financial health, per its FY2024 accounts
The accounts state that the school realized an accounting surplus of £1,358,124 for the year ended 31 August 2024. However, the school transferred all its activities, assets, and liabilities to the Mill Hill School Foundation on 8 July 2024, resulting in the school becoming dormant and holding no reserves. Consequently, the financial statements were prepared on a basis other than the going concern basis.
What the accounts disclose
“Following the transfer of activities, assets and liabilities of the school on 8 July 2024 to Mill Hill School Foundation the School held no reserves.” — page 16
“The Charitable Company's financial statements are therefore prepared on a basis other than the going concern basis.”
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → not a going concern (FY2024).
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Jill Myers
- Martin Sims
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £9.9m | £8.5m |
| 31/08/2023 | £9.9m | £9.5m |
| 31/08/2022 | £9.8m | £9.3m |
| 31/08/2021 | £8.6m | £8.5m |
Common questions
Is ABBOT'S HILL LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the school realized an accounting surplus of £1,358,124 for the year ended 31 August 2024. However, the school transferred all its activities, assets, and liabilities to the Mill Hill School Foundation on 8 July 2024, resulting in the school becoming dormant and holding no reserves. Consequently, the financial statements were prepared on a basis other than the going concern basis. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | 1 | £3.1m |
| THE CYRIL TAYLOR CHARITABLE FOUNDATION | 1 | £635k |
| TARA GETTY FOUNDATION | 1 | £107k |
| FARNHAM LIONS CLUB (CIO) | 1 | £19k |
| THE SIMON GIBSON CHARITABLE TRUST | 1 | £15k |
Charities like this
- THE COUNCIL OF MILTON ABBEY SCHOOL LTD
- SOMERHILL CHARITABLE TRUST LIMITED
- THE ABBEY SCHOOL, READING
- THE MILL HILL SCHOOL FOUNDATION
- KINGSHOTT SCHOOL TRUST LIMITED
- LEE ABBEY INTERNATIONAL STUDENTS' CLUB
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ABBOT'S HILL LIMITED | £9.9m | — | — | below | — | not going concern |
| THE COUNCIL OF MILTON ABBEY SCHOOL LTD | £10.2m | £140,001 - £150,000 | — | unclear | — | no doubt |
| SOMERHILL CHARITABLE TRUST LIMITED | £9.7m | — | — | unclear | — | no doubt |
| THE ABBEY SCHOOL, READING | £20.3m | £160,001 - £170,000 | — | above | — | no doubt |
| THE MILL HILL SCHOOL FOUNDATION | £79.0m | £210,001 - £220,000 | — | below | — | no doubt |
| KINGSHOTT SCHOOL TRUST LIMITED | £4.9m | — | — | below | — | not going concern |