THE MILLENNIUM QUARTER TRUST LIMITED
The main objective of MQT is to oversee the operation of the Manchester Millennium Quarter - a distinctive cultural area in the historic medieval sector of Manchester.
Objects
1. FOR THE GENERAL BENEFIT OF THE PUBLIC:1.1 TO PRESERVE BUILDINGS AND CONSERVE, MAINTAIN AND PROTECT LAND OR OTHER PROPERTY OF AESTHETIC, HISTORIC, ARCHITECTURAL, CONSTRUCTIONAL, OR SCIENTIFIC INTEREST OR IMPORTANCE IN THE MANCHESTER MILLENNIUM QUARTER PROJECT AREA (BOUNDED BY CANNON STREET, CATEATON STREET, VICTORIA STREET, WALKER'S CROFT, TODD STREET AND CORPORATION STREET, MANCHESTER AND COLOURED BLUE (URBIS), PINK (MANCHESTER CATHEDRAL VISITOR CENTRE), ORANGE (EXCHANGE SQUARE) AND GREEN (CITY PARK) AND EDGED RED ON THE PLAN ANNEXED HERETO FOR THE PURPOSES OF IDENTIFICATION).1.2. WITH OR WITHOUT ASSISTANCE FROM OTHERS, THE PROVISION OF FACILITIES FOR RECREATION AND OTHER LEISURE-TIME OCCUPATION IN THE MANCHESTER MILLENNIUM QUARTER PROJECT AREA AND FOR THE SURROUNDING AREAS WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR SUCH PERSONS HAVING NEED OF SUCH FACILITIES BY REASONS OF THEIR AGE, SEX, YOUTH, INFIRMITY, DISABLEMENT, POVERTY AND SOCIAL AND ECONOMIC CIRCUMSTANCES.2. THE ADVANCENT, IMPROVEMENT, PROMOTION AND DEVELOPMENT OF THE EDUCATION OF THE PUBLIC BY PROMOTING CULTURAL ACTIVITIES INCLUDING EXHIBITIONS, INFORMATION SERVICES ON THEMES RELATING TO CITIES, LECTURES, DEMONSTRATIONS, PERFORMANCES OF DRAMA, MUSIC, OPERA AND BALLET, DANCE, FILM SHOWS, POETRY READINGS, PAINTING AND SCULPTURE, LITERATURE AND OTHER ARTS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of nil for the year ended 31 March 2025, with total incoming resources of £60,206 and resources expended of £60,206. The charity holds nil unrestricted reserves and relies on deficit funding from Manchester City Council to meet its obligations. The trustees confirm the charity has secured a commitment of support from Manchester City Council for at least 12 months from the date of approval.
What the accounts disclose
“The reserves held on 31 March 2025 were {nil (2024: £nil).”
“During the year, an annual contribution (deficit grant) of £54,394 (2024: £51,907) was made to Manchester Cathedral Visitors Centre Limited. At 31 March 2025 £67,838.42 (2024: £0) was due to Manchester Cathedral Visitors Centre.” — page 18
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Government income: £55,906 — grants £55,906 (1); 93% of the £60,206 total gross income on the same return
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Government income: £50,862 — grants £50,862 (1); 77% of the £65,862 total gross income on the same return
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £53,476 — grants £53,476 (1); 78% of the £68,476 total gross income on the same return
- Grant-making is its main activity
Property (HM Land Registry)
Trustees
- JOHN MATTHEW WILLIAMSchair
- Asif Ismail Ibrahim
- JANE ELIZABETH SHARROCKS
- The Very Revd Rogers Govender
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £60k | £60k |
| 31/03/2024 | £66k | £66k |
| 31/03/2023 | £68k | £68k |
| 31/03/2022 | £71k | £71k |
| 31/03/2021 | £58k | £58k |
Common questions
Is THE MILLENNIUM QUARTER TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of nil for the year ended 31 March 2025, with total incoming resources of £60,206 and resources expended of £60,206. The charity holds nil unrestricted reserves and relies on deficit funding from Manchester City Council to meet its obligations. The trustees confirm the charity has secured a commitment of support from Manchester City Council for at least 12 months from the date of approval. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 20/09/2006 | £27k | "Manchester 0161 - Events Programme" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HOBSON CHARITY LIMITED | 1 | £20k |
| THE SIR BARRY JACKSON COUNTY FUND | 1 | £2k |
| YOUNG MANCHESTER | 1 | £136 |
Charities like this
- MILLENNIUM POINT TRUST
- MILTON KEYNES MUSEUM TRUST LIMITED
- MILLENNIUM STADIUM CHARITABLE TRUST
- MANCHESTER CCRC TRUST
- MANCHESTER COMMUNITY CENTRAL
- THE MILLER CENTRE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MILLENNIUM QUARTER TRUST LIMITED | £60k | — | 0 | below | — | no doubt |
| MILLENNIUM POINT TRUST | £10.3m | — | — | unclear | — | no doubt |
| MILTON KEYNES MUSEUM TRUST LIMITED | £763k | — | 0 | unclear | — | no doubt |
| MILLENNIUM STADIUM CHARITABLE TRUST | £591k | — | 0 | above | — | no doubt |
| MANCHESTER CCRC TRUST | £310k | — | 0 | unclear | — | no doubt |
| MANCHESTER COMMUNITY CENTRAL | £2.2m | — | 0 | below | — | no doubt |