The Mill Hill Schools Trust
REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2025
Charity number: 1201923
The Mill Hill Schools Trust REFERENCE AND ADMINISRATIVE INFORMATION
| Registered Charity Number | 1201923 |
|---|---|
| Registered address | Walker House, Millers Close |
| Off The Ridgeway | |
| Mill Hill | |
| London | |
| NW7 1AQ | |
| Bankers | National Westminster Bank |
| Mill Hill, London | |
| Independent Auditors | HaysMac LLP |
| 10 Queen Street Place | |
| London | |
| EC4R 1AG |
The Mill Hill Schools Trust TRUSTEES’ REPORT
The Trustees present their report for the accounting year ended 31 August 2025.
CONSTITUTION
The Mill Hill Schools Trust is registered as a Charitable Incorporated Organisation (CIO), Registered Number 1201923. It was registered on 13 February 2023, but has been dormant until the current year end. The CIO aggregates historic trust accounts into one organisation, for the purposes of providing grants and scholarships to pupils in attendance at the Mill Hill Schools Foundation and for supporting capital projects.
The grant making activities of the Trust are approved by the Trustees at full committee meetings. The principal office of the charity is at Walkers House, Millers Close, London, NW7 1AQ.
TRUSTEES
The Trustees serving during the year ended 31 August 2025 were:
Mr A Millet Dr R Chapman Ms S Stoneham Mr E Lipton
OBJECTIVE
The objects of the CIO are the advancement of education for the public benefit in particular, but not exclusively, by the provision to schools within the Mill Hill School Foundation of bursary support for the benefit of pupils who need financial assistance; and grant funding for the establishment and maintenance of educational facilities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational Structure
The Mill Hill School Trust was established to support fundraising for the Mill Hill School Foundation for both bursaries and capital development. The Foundation had a number of subsidiary trusts that it has consolidated into the new Trust in order to streamline governance and improve operational efficiency.
The Board of trustees will meet a minimum annually now the trust has been established.
Recruitment of Trustees
The CIO has 4 trustees who have been recruited from the existing Mill Hill School Foundation Board and also from previous members of the Board.
All Trustees have an interest in the Foundation and bursary support to pupils to broaden access to the Foundation schools.
Statement on Public Benefit
The Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and have complied with the duty in section 17 of the Charities Act 2011. Trustees have studied the guidance issued by the Charity Commission and are satisfied that the charity continues to provide public benefit through its work with the Mill Hill School Foundation.
1
The Mill Hill Schools Trust TRUSTEES’ REPORT
REVIEW OF ACTIVITIES
During the year the activities of five trusts were transferred into the Mill Hill School Trust.
The trusts that were consolidated into the CIO were registered charities -
-
Mill Hill School Prizes Trust, registered Charity No: 1042030 - £122,566
-
Mill Hill School Scholarships & Bursaries Trust, registered Charity No: 1042028 - £1,760,622
-
Mill Hill School University Entrance Scholarships Trust, registered Charity No: 1042031 - £63,894
-
The Ousey Scholarship, Mill Hill School, registered Charity 1035224 - £195,018
-
Sir Richard Winfrey Memorial Scholarship, registered Charity 1019611 - £250,356
This was to consolidate trust funds to streamline governance, support operational efficiencies and enable bursaries to be awarded from the consolidated pool funds.
Further transfers from The Ousey Scholarship and the Sir Richard Winfrey Memorial Scholarship are expected in 2026, so that all investments are held by the Trust.
FUTURE DEVELOPMENTS
The Trust will be used to support fundraising for bursaries for pupils in the Mill Hill School Foundation and for capital projects at schools within the Mill Hill School Foundation.
FINANCE AND ADMINISTRATION
The Trust has no employees. The Finance team at Mill Hill School Foundation provide accounting services and preparation of the annual accounts.
Financial
During the year the smaller trust funds were transferred into the CIO. These are deemed donations and total assets transferred was £2,413,311, split between restricted funds and endowed funds. No grants were made during the period. The surplus for the year was £2,405,711.
Fundraising Activities
Going forwards fundraising activities will be undertaken in line with the recommended best practice from the Fundraising Regulator. Fundraising will be undertaken by Development Office of Mill Hill School Foundation.
RISK MANAGEMENT POLICY
The Trustees examine the major risks the CIO faces. The initial risks will be investment returns on the assets held and the ability to generate future funds. These can be managed by restricting the value of grants paid out.
INVESTMENT AND RESERVES POLICY
During the year investments held in the other trust fund were transferred to the CIO.
Going forwards the investment strategy is one of long term capital preservation. Investments valued at 31 August 2025 were £2,265,329.
Total reserves held at 31 August 2025 were £2,405,711, including restricted funds of £2,392,356 and endowed funds of £13,355. The charity has no free reserves.
Following the transfer of assets to the CIO, a reserves policy will be developed and approved by the Trustees to establish an appropriate approach to the management and oversight of the charity’s reserves.
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The Mill Hill Schools Trust TRUSTEES’ REPORT
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Foundation and of the income and expenditure for the year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in its operations.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
So far as each of the Trustees are aware at the time the report is approved:
-
there is no relevant audit information of which the charity’s auditors are unaware; and
-
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by the Trustees and signed on their behalf by;
Andrew Millet
Andrew Millet Trustee Date: 25 June 2026
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The Mill Hill Schools Trust AUDITOR’S REPORT TO THE TRUSTEES OF THE MILL HILL SCHOOLS TRUST
Opinion
We have audited the financial statements of The Mill Hill Schools Trust for the year ended 31 August 2025 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 31 August 2025 and of the charity’s net movement in funds for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
adequate accounting records have not been kept by the charity; or
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sufficient accounting records have not been kept; or
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the charity financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees for the financial statements
As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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The Mill Hill Schools Trust AUDITOR’S REPORT TO THE TRUSTEES OF THE MILL HILL SCHOOLS TRUST
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of noncompliance with laws and regulations related to charity law applicable in England and Wales, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management override of controls. Audit procedures performed by the engagement team included:
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Inspecting correspondence with regulators and tax authorities;
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Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
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Evaluating management’s controls designed to prevent and detect irregularities; and
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Challenging assumptions and judgements made by management in their accounting estimates
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.
HaysMac LLP Statutory Auditors Date: 29 June 2026
10 Queen Street Place
London
HaysMac LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
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The Mill Hill Schools Trust STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 August 2025
| Unrestricted | Restricted | Endowed | |||
|---|---|---|---|---|---|
| Notes | Funds 2025 |
Funds 2025 |
Funds 2025 |
Total Funds 2025 |
|
| £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM: | |||||
| Donations | 1 | - | 18,855 | 2,394,456 | 2,413,311 |
| ———— | ———— | ———— | ———— | ||
| TOTAL | - | 18,855 | 2,394,456 | 2,413,311 | |
| ———— | ———— | ———— | ———— | ||
| EXPENDITURE ON: | |||||
| Raising funds | - | - | - | - | |
| Charitable activities | - | - | - | - | |
| Governance costs | - | 5,500 | - | 5,500 | |
| ———— | ———— | ———— | ———— | ||
| TOTAL | 2 | - | 5,500 | - | 5,500 |
| ———— | ———— | ———— | ———— | ||
| NET INCOME BEFORE INVESTMENT | - | 13,355 | 2,394,456 | 2,407,811 | |
| (LOSSES) | |||||
| ———— | ———— | ———— | ———— | ||
| Net (losses) on investments | 3 | - | - | (2,100) | (2,100) |
| ———— | ———— | ———— | ———— | ||
| NET INCOME | - | 13,355 | 2,392,356 | 2,405,711 | |
| Transfer | 7 | - | - | - | - |
| ———— | ———— | ———— | ———— | ||
| NET MOVEMENT IN FUNDS | - | 13,355 | 2,392,356 | 2,405,711 | |
| ———— | ———— | ———— | ———— | ||
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | - | - | - | - | |
| ———— | ———— | ———— | ———— | ||
| Total funds carried forward | - | 13,355 | 2,392,356 | 2,405,711 | |
| ———— | ———— | ———— | ———— |
The accounting policies and notes on pages 9 to 12 form part of these Financial Statements. The activities of the Trust are classed as continuing.
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The Mill Hill Schools Trust BALANCE SHEET As at 31 August 2025
| 2025 | ||
|---|---|---|
| Notes | £ | |
| FIXED ASSETS | ||
| Investments | 3 | 2,265,329 |
| ———— | ||
| 2,265,329 | ||
| ———— | ||
| CURRENT ASSETS | ||
| Cash and bank | 4 | 145,882 |
| ———— | ||
| 145,882 | ||
| ———— | ||
| CREDITORS: amounts falling due within one year | 5 | (5,500) |
| ———— | ||
| NET CURRENT ASSETS | 140,382 | |
| ———— | ||
| ———— | ||
| TOTAL NET ASSETS | 6 | 2,405,711 |
| —————— | ||
| FUNDS | ||
| Restricted Funds | 2,392,356 | |
| Endowed Funds | 13,355 | |
| ———— | ||
| 7 | 2,405,711 | |
| —————— |
These financial statements were approved by the Trustees on 25 June 2026 and signed on their behalf:
Andrew Millet
Andrew Millet Trustee
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The Mill Hill Schools Trust STATEMENT OF CASH FLOWS For the year ended 31 August 2025
| 2025 | |
|---|---|
| £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |
| Net income | 2,405,711 |
| Increase in creditors | 5,500 |
| Transfer of investments | (2,267,429) |
| Losses on investments | 2,100 |
| ———— | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 145,882 |
| CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR | 145,882 |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | - |
| ———— | |
| CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR | 145,882 |
| ———— | |
| REPRESENTED BY: | |
| Cash at bank and in hand | 145,882 |
| ———— |
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The Mill Hill Schools Trust ACCOUNTING POLICIES For the year ended 31 August 2025
BASIS OF PREPARATION
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Mill Hill Schools Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
GOING CONCERN
The Trustees have a reasonable expectation that the charity’s resources are adequate to continue in operational existence for the foreseeable future and that there are no material uncertainties that call into doubt the charity’s ability to continue. The accounts have, therefore, been prepared on the basis that the charity is a going concern.
FUND ACCOUNTING
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the charity and which have not been designated for other purposes.
Restricted funds are funds received for a specific purpose and can only be used for that purpose.
Endowment funds are funds given to the Charity where the income may be used for general purpose but the capital must be retained.
INCOME
Donations, legacies and similar income are included in the year when the charity becomes entitled to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
EXPENDITURE
All expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.
VALUATION OF INVESTMENTS
Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities.
Investment management expenses represent those fees charged individually during the year. Some fees are charged at fund level and so are not disclosed separately.
LIABILITIES
Liabilities are recognised when the Trust has a present legal or constructive obligation as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at cost and subsequently measured at their settlement value.
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity’s accounting policies, the trustee’s are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.
There are not considered to be any sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
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The Mill Hill Schools Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025
1 DONATIONS
| 2025 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowments | Total | ||
| £ | £ | £ | £ | ||
| Donations (see note 8) | - | 18,855 | 2,394,456 | 2,413,311 | |
| ——— | ——— | ——— | ——— | ||
| 2 | EXPENDITURE | ||||
| 2025 | |||||
| £ | |||||
| Governance costs – audit fee | 5,500 | ||||
| ——— | |||||
| 5,500 | |||||
| ——— | |||||
| 3 | INVESTMENTS | ||||
| Listed | 2025 | ||||
| Investments | Total | ||||
| £ | £ | ||||
| Market Value at 1 September 2024 | - | - | |||
| Additions in period | 2,267,429 | 2,267,429 | |||
| Disposals at opening market value | - | - | |||
| Unrealised loss on investments | (2,100) | (2,100) | |||
| ——— | ——— | ||||
| Market Value at 31 August 2025 | 2,265,329 | 2,265,329 | |||
| ––––––– | ––––––– | ||||
| 4 | AMOUNTS HELD AT BANKS | ||||
| 2025 | |||||
| £ | |||||
| Cash at bank | 145,882 | ||||
| ———— | |||||
| 145,882 | |||||
| ———— | |||||
| 5 | CREDITORS: amounts falling due within one year | ||||
| 2025 | |||||
| £ | |||||
| Accruals | 5,500 | ||||
| ——— | |||||
| 5,500 | |||||
| ——— |
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The Mill Hill Schools Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025
6 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|---|
| At 31 August 2025: | funds | funds | funds | Total | |||
| £ | £ | £ | £ | ||||
| Investments | - | 18,855 | 2,246,474 | 2,265,329 | |||
| Current assets | - | - | 145,882 | 145,882 | |||
| Current liabilities | - | (5,500) | - | (5,500) | |||
| ——— | ——— | ———— | ———— | ||||
| - | 13,355 | 2,392,356 | 2,405,711 | ||||
| ——— | ——— | ———— | ———— | ||||
| FUNDS | |||||||
| Balances at | Revaluation/ | Balances at | |||||
| 1 September | Income | Expenditure | Transfers | Investment | 31 August | ||
| 2024 | £ | £ | £ | Gains | 2025 | ||
| £ | £ | £ | |||||
| Restricted funds: | |||||||
| Sir Richard |
Winfrey | - | 18,855 | (5,500) | - | - | 13,355 |
| Memorial Scholarship | |||||||
| ———— | ———— | ———— | ——— | ——— | ———— | ||
| - | 18,855 | (5,500) | - | - | 13,355 | ||
| ———— | ———— | ———— | ——— | ——— | ———— | ||
| Endowed funds | |||||||
| The Ousey Scholarship | - | 197,018 | - | - | 3,442 | 200,460 | |
| Sir Richard |
Winfrey | - | 250,356 | - | - | (1,788) | 248,568 |
| Memorial Scholarship | |||||||
| Scholarships & Bursaries | - | 1,760,622 | - | - | (3,254) | 1,757,368 | |
| Prizes | - | 122,566 | - | - | (891) | 121,675 | |
| University | Entrance | - | 63,894 | - | - | 391 | 64,285 |
| Scholarships | |||||||
| ———— | ———— | ——— | ——— | ——— | ———— | ||
| - | 2,394,456 | - | - | (2,100) | 2,392,356 | ||
| ———— | ———— | ——— | ——— | ——— | ———— | ||
| ———— | ———— | ——— | ——— | ——— | ———— | ||
| Total funds | - | 2,413,311 | (5,500) | - | (2,100) | 2,405,711 | |
| ———— | ———— | ——— | ——— | ——— | ———— |
7 FUNDS
Restricted funds;
Scholarships & Bursaries - Awards are made by the Trustees on the recommendation of the Head of the School for Entrance Scholarships tenable for up to five years and for Bursaries to assist pupils whose parents cannot afford the necessary fees awardable on entrance or as continuation awards.
Prizes – Awards are made by the Trustees for prize awards to pupils at Mill Hill School to recognise merit shown by the pupils in the academic, artistic or technical performance or in the development of character.
University Entrance Scholarships - Awards are made by the Trustees on the recommendation of the Head of the School for leaving Scholarships tenable up to three years from the date of entry to University and for one year leaving awards.
The Ousey Scholarship - To provide or assist in providing an entrance scholarship to Mill Hill School, London, to enable a would-be pupil whose parents could not otherwise afford the fees to enter the school. The scholarship is awardable to a pupil (or pupils) who is a son / daughter or lineal descendant of a former pupil of the school.
Sir Richard Winfrey Memorial Scholarship – To provide scholarships to members of Mill Hill School upon entering the sixth form for two years, who, but for the scholarship, might be unable for financial reasons to do so or where the effect might be
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The Mill Hill Schools Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 August 2025
financial hardship. The preference for these scholarships are to be awarded to a scholar who would be taking history and where possible with a personal or family non-conformist background.
8 TRANSFER OF ASSETS
The Trust received transfers of assets between June and August 2025 from the following charities;
-
Mill Hill School Prizes Trust, registered Charity No: 1042030 - £122,566
-
Mill Hill School Scholarships & Bursaries Trust, registered Charity No: 1042028 - £1,760,622
-
Mill Hill School University Entrance Scholarships Trust, registered Charity No: 1042031 - £63,894
-
The Ousey Scholarship, Mill Hill School, registered Charity 1035224 - £197,018
-
Sir Richard Winfrey Memorial Scholarship, registered Charity 1019611 - £250,356
This restructuring has been undertaken to streamline governance and improve operational efficiency.
Further transfers from The Ousey Scholarship and the Sir Richard Winfrey Memorial Scholarship are expected in 2026, so that all investments are held by the Trust.
9 RELATED PARTY TRANSACTIONS
There were no related party transactions, other than the transfer of assets as per note 8.
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