THE MILLENNIUM OAK TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £1,959,514, up from £1,924,278 the previous year, driven by a net income of £35,236. The charity's reserves policy aims to keep cash funds amounting to the projected donations for one year in advance, which appears to be met given the current fund balance significantly exceeds the annual income of approximately £180,000.
What the accounts disclose
“There is a reserves policy of keeping cash funds amounting to the projected donations for one year in advance.”
Trustees
- NICHOLAS MORTON ROADSchair
- ANDREW ARMIGER
- Alexander Keith Roads
- DAWN SCARLETT ROADS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £287k | £359k |
| 31/07/2024 | £273k | £280k |
| 31/07/2023 | £180k | £145k |
| 31/07/2022 | £188k | £183k |
| 31/07/2021 | £206k | £182k |
Common questions
Is THE MILLENNIUM OAK TRUST financially healthy?
The accounts state that unrestricted funds increased to £1,959,514, up from £1,924,278 the previous year, driven by a net income of £35,236. The charity's reserves policy aims to keep cash funds amounting to the projected donations for one year in advance, which appears to be met given the current fund balance significantly exceeds the annual income of approximately £180,000. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Edge Ministries | 1 | £6k |