Charity Accounts Intelreading the accounts so you don’t have to

THINKTANK TRUST

Registered charity 1061898 · accounts filings on the Charity Commission register · also known as THE DISCOVERY CENTRE, THINK AND LEARN, THINK BUSINESS, THINKTANK, THINKTANK TRADING

Get email alerts for this charity

Latest income
£1.4m
Latest spending
£1.8m
Registered
1997
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that Thinktank Trust held unrestricted reserves in deficit of £2,408,451 as of 31 March 2025, an increase from the previous year's deficit of £2,003,097. The charity is entirely dependent on the continued financial support of its parent company, Birmingham Museums Trust, to meet operational costs, with the parent confirming this support for the foreseeable future. While the parent company also faces financial pressures from local authority funding changes, it maintains sufficient free reserves to continue as a going concern.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At 31 March 2025, Thinktank Trust had unrestricted reserves deficit of £2.408m (2024: £2.003m)” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees are satisfied that the company has sufficient financial resources and support to continue in operational existence for the foreseeable future and for this reason, they continue to adopt the going concern basis of accounting in preparing the financial statements.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Intercompany creditor with parent company
“The accounts include an intercompany creditor with the parent company of £2.451m (2024: £2.033m). A grant of £1.417m (2024: £1.417m) was received from Birmingham City Council contributing to the rent, service charge and rates.” — page 6
“Thinktank Trust received a grant from BCC of £1.417m during the year (2024: £1.417m) to assist in the provision of lease payments on Thinktank to Millennium Point Property Limited.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant from Birmingham City Council
“The accounts include an intercompany creditor with the parent company of £2.451m (2024: £2.033m). A grant of £1.417m (2024: £1.417m) was received from Birmingham City Council contributing to the rent, service charge and rates.” — page 6
“Thinktank Trust received a grant from BCC of £1.417m during the year (2024: £1.417m) to assist in the provision of lease payments on Thinktank to Millennium Point Property Limited.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Cooper Parry Group Limited. Discloses 4 of 6 completeness components.

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

Total income
£1.4m
Total spending
£1.8m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Birmingham City

Income and spending

Financial year endIncomeSpending
31/03/2025£1.4m£1.8m
31/03/2024£1.4m£1.8m
31/03/2023£1.4m£2.0m
31/03/2022£1.4m£1.9m
31/03/2021£1.4m£2.1m

Common questions

Is THINKTANK TRUST financially healthy?

The accounts state that Thinktank Trust held unrestricted reserves in deficit of £2,408,451 as of 31 March 2025, an increase from the previous year's deficit of £2,003,097. The charity is entirely dependent on the continued financial support of its parent company, Birmingham Museums Trust, to meet operational costs, with the parent confirming this support for the foreseeable future. While the parent company also faces financial pressures from local authority funding changes, it maintains sufficient free reserves to continue as a going concern. Its FY2025 accounts were audited by Cooper Parry Group Limited.