WALES MILLENNIUM CENTRE

Registered charity 1060458 · accounts filings on the Charity Commission register

WMC aims to create a special place which will provide a focal point for the unique culture, identity and talents of Wales though the creation of a world class showcase for musicals, opera, dance, exhibitions, entertainment and education in a millennium landmark, with long lasting benefits for the whole community.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£28.1m
Latest spending
£27.8m
Registered
1997
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income of £2.4m before depreciation and amortisation, with total income of £28.2m against expenditure of £27.8m. The charity holds unrestricted free reserves of £3.5m, which exceeds its stated policy target of three months' running costs (£1.5m). The trustees confirm the organisation is prepared on a going concern basis with secured funding from Arts Council Wales until March 2026.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £190,001 - £200,000 — in the top quarter for charities its size (median £130k)
“£190,001 - £200,000 1” — page 38
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Theatre income (63% of income)
“The principal funding sources within the business for the year ended 31 March 2025 (shown proportionately against total income) are theatre income 63%” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months running costs (held: £3.5m)
“Trustees have determined that an appropriate level of free reserves (excluding designated reserves) to address operational risks for the management of unexpected reductions in income or increases in expenditure, should equate to three months running costs taking account of the current economic conditions and our business model, currently £1.5m”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Related party transaction
“During the year the group purchased £5k of goods from Hudson Blue Limited, a company controlled by a member of the Executive Team.” — page 48
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming Audit Limited. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Corporate structure

Public fundraising profile: JustGiving — Wales Millennium Centre (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram · linkedin

Structured financials (annual return, FY ending 31/03/2025)

Total income
£28.1m
Total spending
£27.8m
Cost of raising funds
£17.9m
Reserves (reported)
£1.5m
Employees
298

Reported reserves equal ~0.6 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Other trading activities (79% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 63.5% of total income — above the 90th percentile for charities its size (median 3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£28.1m£27.8m
31/03/2024£23.1m£24.6m
31/03/2023£26.6m£27.4m
31/03/2022£15.6m£18.0m
31/03/2021£10.2m£9.1m

Common questions

Is WALES MILLENNIUM CENTRE financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net income of £2.4m before depreciation and amortisation, with total income of £28.2m against expenditure of £27.8m. The charity holds unrestricted free reserves of £3.5m, which exceeds its stated policy target of three months' running costs (£1.5m). The trustees confirm the organisation is prepared on a going concern basis with secured funding from Arts Council Wales until March 2026. Its FY2025 accounts were audited by Bishop Fleming Audit Limited.

What does the highest-paid employee of WALES MILLENNIUM CENTRE earn?

Per its FY2025 accounts, the highest-paid employee was in the £190,001 - £200,000 band.

Who funds WALES MILLENNIUM CENTRE?

Funders whose own accounts filings name WALES MILLENNIUM CENTRE as a grant recipient include CYNGOR CELFYDDYDAU CYMRU, MOONDANCE FOUNDATION, THE SIMON GIBSON CHARITABLE TRUST, COLWINSTON CHARITABLE TRUST, THE MARY HOMFRAY CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
CYNGOR CELFYDDYDAU CYMRUFY2023£3.9mCore funding
MOONDANCE FOUNDATIONFY2023£220k
CYNGOR CELFYDDYDAU CYMRUFY2023£36kCost-of-living support
MOONDANCE FOUNDATIONFY2022£27kCauses in Wales
THE SIMON GIBSON CHARITABLE TRUSTFY2023£15k
COLWINSTON CHARITABLE TRUSTFY2024£8kSupport the development costs of a project, which will be featured in the 2024 Festival of Voice.
THE SIMON GIBSON CHARITABLE TRUSTFY2022£5k
THE MARY HOMFRAY CHARITABLE TRUSTFY2024£5k
THE MARY HOMFRAY CHARITABLE TRUSTFY2023£3k
THE MARY HOMFRAY CHARITABLE TRUSTFY2025£0

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund18/03/2019£9kRawFfest: Youth-Led Arts Festival
The National Lottery Heritage Fund28/11/2014£47k"Tiger Bay Tales"
The National Lottery Community Fund29/07/2010£5kCommunity Tea Dances

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MILLENNIUM STADIUM CHARITABLE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WALES MILLENNIUM CENTRE£28.1m£190,001 - £200,000—unclear—no doubt
MILLENNIUM STADIUM CHARITABLE TRUST FY2025£591k—0above—no doubt
CYNGOR CELFYDDYDAU CYMRU FY2025£57.7m——unclear7.0%no doubt
WELSH DANCE THEATRE TRUST LIMITED FY2025£598k—0unclear—no doubt
NATIONAL MUSEUM OF WALES FY2025£49.2m——unclear—no doubt
WELSH CENTRE FOR INTERNATIONAL AFFAIRS / CANOLFAN MATERION RHYNGWLADOL CYMRU FY2025£1.2m—0within—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.