THE MILLENNIUM TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity generated $3.4m from investment income and distributed $1.7m in grants, resulting in a net increase in unrestricted funds. The trustees report that total reserves stood at $5.5m, with no specific reserves policy in place, and confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Included in debtors is $13,889 due to the charity by a charity with trustees in common. No other related party transactions took place during the year.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.7m | £1.4m |
| 31/12/2023 | £4.8m | £3.1m |
| 31/12/2022 | £1.7m | £8.7m |
| 31/12/2021 | £5.7m | £923k |
| 31/12/2020 | £3.4m | £2.2m |
Common questions
Is THE MILLENNIUM TRUST financially healthy?
The accounts state that the charity generated $3.4m from investment income and distributed $1.7m in grants, resulting in a net increase in unrestricted funds. The trustees report that total reserves stood at $5.5m, with no specific reserves policy in place, and confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Cohen Arnold.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |