MILLENNIUM POINT TRUST
The activities of the charity are to advance education for public benefit in particular but not exclusively in the industrial and technological processes which have shaped the modern world and will shape the future world. The charity operates from Millennium Point in Curzon Street, Birmingham.
Financial health, per its FY2025 accounts
The accounts state that the group holds unrestricted reserves of £38,462,000, a decrease from £42,802,000 in the prior year, primarily due to a £5,545,000 loss on the revaluation of investment property. The trustees report a strong financial position with sufficient cash resources to meet current and future liabilities, and the independent auditors confirmed there are no material uncertainties regarding the entity's ability to continue as a going concern.
What the accounts disclose
“Millennium Point Trust has a wholly owned subsidiary company - Millennium Point Property Limited, which is charged with the operation of the building as a commercial landlord, events space, and the operation of the wider facility in meeting the project purpose of the Trust and its component tenants and commercial tenants.” — page 4
In the news
Corporate structure
- Registered company of the charity Companies House 03227575
Leadership, per the charity’s website
- Sir Albert Bore — Chair
- Abbie Vlahakis — Chief Executive Officer
- David Storer — Director
- Linda Degg — Director
- Rebecca Delmore — Director
- JJ Mian — Director
Company officers (Companies House)
- WESTMAN, Michael John on trustee list
- BORE, Albert, Sir on trustee list
- BINGHAM, Lee on trustee list
- BURNS, Patrick Kitley on trustee list
- MARSHAM, Lee James Robert on trustee list
- STEPHENSON, Karen Michelle on trustee list
- SHAH, Hanifa Unisa, Professor on trustee list
- CANTY, Catherine Ruth on trustee list
- MCCARTHY, Karen Teresa, Councillor on trustee list
- SAUNDERS, Linda on trustee list
- GATELEY PLC
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sir Albert Borechair
- Catherine Canty
- Councillor Karen Teresa McCarthy
- Karen Stephenson
- Lee Bingham
- Lee James Robert Marsham
- Linda Saunders
- Michael Westman
- PATRICK BURNS
- Professor Hanifa Shah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £9.6m | £8.4m |
| 31/03/2024 | £8.5m | £7.7m |
| 31/03/2023 | £9.0m | £7.4m |
| 31/03/2022 | £7.0m | £6.0m |
| 31/03/2021 | £7.5m | £6.2m |
Common questions
Is MILLENNIUM POINT TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the group holds unrestricted reserves of £38,462,000, a decrease from £42,802,000 in the prior year, primarily due to a £5,545,000 loss on the revaluation of investment property. The trustees report a strong financial position with sufficient cash resources to meet current and future liabilities, and the independent auditors confirmed there are no material uncertainties regarding the entity's ability to continue as a going concern. Its FY2025 accounts were audited by Cooper Parry Group Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PACKARD FOUNDATION | 1 | £720k |
| THE PA FOUNDATION | 1 | £57k |
| THE PERMIRA FOUNDATION | 1 | £53k |
Charities like this
- THE MILLENNIUM AWARDS TRUST
- THE POINT FOUNDATION
- THE MILLENNIUM CENTRE (ST HELENS) LTD
- MILLENNIUM STADIUM CHARITABLE TRUST
- THE MILLENNIUM TRUST
- MEETING POINT TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MILLENNIUM POINT TRUST | £9.6m | — | — | unclear | — | no doubt |
| THE MILLENNIUM AWARDS TRUST | £4.9m | — | 0 | unclear | — | no doubt |
| THE POINT FOUNDATION | £102k | — | 0 | unclear | — | no doubt |
| THE MILLENNIUM CENTRE (ST HELENS) LTD | £859k | — | 0 | unclear | — | no doubt |
| MILLENNIUM STADIUM CHARITABLE TRUST | £591k | — | 0 | above | — | no doubt |
| THE MILLENNIUM TRUST | £2.8m | — | 0 | unclear | — | no doubt |