The Millrace Foundation CIO
Analysis
The Millrace Foundation CIO is a registered charity in England and Wales, based in Chelmsford. It was registered in September 2022, 4 years ago. Its declared purposes cover education/training, the advancement of health or saving of lives, environment/conservation/heritage and economic/community development/employment, which this site groups under health and saving lives. Legally it is a charitable incorporated organisation (CIO). It says it makes grants to individuals, provides buildings/facilities/open space and provides services.
In the financial year ending March 2026, The Millrace Foundation CIO reported income of £17k and spending of £20k, spending 116% of what it took in. Across the 4 years on record, from March 2023 to March 2026, income grew from £1,650 to £17k (+940%), an average of +118% a year. The sharpest change came in the year to March 2024, when income rose by 1252%. Over the whole period it spent 96% of the income it received.
Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, The Millrace Foundation CIO sits at the 35th percentile: it is larger than about 35% of them. Against every charity in England and Wales with reported income it ranks in the 41st percentile. Charities of a similar size with the same main cause include Easingwold Community Library Association (£17k), The Bernice Cowen Charitable Trust (£17k) and Fernhurst Choral Society (£17k).
Income and spending
Where the income comes from
- Other 100%
In the charity's own words
The MillRace Foundation provides therapeutic activities in the form of training in furniture restoration and through associated activities such as administration and social media for adults who suffer from mental health and associated dificulties. The charity acts in the area of Chelmsford and Mid-Essex.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Easingwold Community Library Association | York | £17k |
| The Bernice Cowen Charitable Trust | Middlesex | £17k |
| Fernhurst Choral Society | Haslemere | £17k |
| Rotary Club of Worsley Charitable Trust | Manchester | £17k |