What is the financial size of MILLFIELD?

MILLFIELD is classified as a major charity. In the latest financial year, they reported a total income of £69,811,000 and total expenditure of £62,035,000.

How does MILLFIELD allocate its spending?

For every pound spent, approximately 46.2% goes directly to charitable activities. The remaining 53.8% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

What is the workforce structure of MILLFIELD?

MILLFIELD employs 1,079 staff members and is supported by 43 volunteers.

Does MILLFIELD receive government funding?

To a small extent. Approximately 0.3% of their income comes from government grants or contracts.

Does MILLFIELD pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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MILLFIELD

#310283

Charitable company•Major•Registered

www.millfieldschool.com

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.

Registered address

MILLFIELD, STREET, SOMERSET, BA16 0YD

Latest HighlightsFY 2024

Income

All sources

£69,811,000

Expenditure

All activities

£62,035,000

Net Reserves

Unrestricted funds

£500,000

Total Assets

Gross assets

£113,212,000

Working Capital

Liquidity

£15,590,000

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:

Reserve Runway

0.1 months

Median: 3.6 monthsBelow typical

Income Growth (1yr)

9.0%

Median: 8.2%Around typical

Spending Efficiency

46.2%

Median: 97.2%Below typical

Income Concentration

82.5%

Median: 87.1%Around typical

Fundraising ROI

29.5x

Median: 27.3xAround typical

Income Volatility

6.2%

Median: 13.4%Top quartile

Self-Generated Income

94.9%

Median: 92.1%Around typical

3-Year Income CAGR

13.6%

Median: 8.7%Around typical

Efficiency & Health

Charitable Spending

46.2%

Fundraising Eff.

% income retained

29.5%

Governance Cost

% of expenditure

Grant Making

% given away

Debt Ratio

% of assets

40.4%

Survival Ratio

Months of reserves

0.1 months

Income Profile

Donations & Legacies

% of income

0.5%

Government Reliance

% of income

0.3%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 8249

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

9.0%↑

Income CAGR (3yr)

Compound growth

13.6%

Volatility

Stable

6.2%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

1,079

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0.0:1

Revenue/Employee

Per head

£64,700

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

10.8%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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