THE MILLBY FOUNDATION

Charity number: 1140985
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 December 2023

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 23 March 2011: Standard registration
Organisation type:
Trust
Other names:
  • THE MILLBY TRUST (Working name)
  • THE MILLBY CHARITABLE TRUST (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
  • Financial reserves policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Safeguarding policy and procedures
  • Trustee conflicts of interest policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

4 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
STEPHANIE WONG Trustee 17 January 2018
None on record
Sarah Mitchell Trustee 10 May 2016
None on record
MICHELLE ANDREA SHU LAI YUE Trustee 15 March 2011
None on record
KEVIN YAU KWONG HO Trustee 15 March 2011
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £352.89k £2.13m £241.02k £651.18k £692.21k
Total expenditure £25.68k £2.14m £239.34k £653.39k £698.78k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A £2.13m N/A £651.18k £692.21k
Income - Other trading activities N/A £0 N/A £0 £0
Income - Charitable activities N/A £0 N/A £0 £0
Income - Endowments N/A £0 N/A £0 £0
Income - Investment N/A £4.31k N/A £0 £0
Income - Other N/A £100 N/A £0 £0
Income - Legacies N/A £0 N/A £0 £0
Expenditure - Charitable activities N/A £2.14m N/A £653.39k £698.78k
Expenditure - Raising funds N/A £2.67k N/A £0 £0
Expenditure - Governance N/A £9.90k N/A £14.35k £20.85k
Expenditure - Grants institution N/A £2.13m N/A £638.62k £677.59k
Expenditure - Investment management N/A £0 N/A £0 £0
Expenditure - Other N/A £0 N/A £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A £0 N/A £0 £0
Long-term investments N/A £0 N/A £0 £0
Other assets N/A £1.88m N/A £879.81k £1.38m
Defined benefit pension scheme asset or liability N/A £0 N/A £0 £0
Total liabilities N/A £1.13m N/A £112.21k £631.22k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 31 October 2024 On Time
Accounts and TAR 31 December 2023 31 October 2024 On Time Download Open in new window
Annual return 31 December 2022 26 July 2023 On Time
Accounts and TAR 31 December 2022 26 July 2023 On Time Download Open in new window
Annual return 31 December 2021 17 June 2022 On Time
Accounts and TAR 31 December 2021 17 June 2022 On Time Download Open in new window
Annual return 31 December 2020 19 July 2021 On Time
Accounts and TAR 31 December 2020 19 July 2021 On Time Download Open in new window
Annual return 31 December 2019 02 June 2020 On Time
Accounts and TAR 31 December 2019 02 June 2020 On Time Download Open in new window
Submit annual return Open in new window

Contact information

Address:
10 CRESSWELL PLACE
LONDON
SW10 9RD
Phone:
01258405668
Website:

No information available