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THE MILLENNIUM AWARDS TRUST

Registered charity 1095749 · accounts filings on the Charity Commission register

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Latest income
£4.9m
Latest spending
£5.4m
Registered
2003
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds substantial endowment assets with a real value of £182.3 million and unrestricted reserves of £13.9 million. The trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern, supported by high liquidity and forecasted investment income sufficient to cover activities.

What the accounts disclose

Reserves policy: an income reserve that would sustain the spending level of the Millennium Awards scheme when likely future income is also taken into account (held: £13.9m)
“The Trustee aims to maintain an income reserve that would sustain the spending level of the Millennium Awards scheme when likely future income is also taken into account.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The accounts state that no disclosure has been made of transactions with the parent undertaking (UnLtd) in accordance with FRS102 exemptions.
“There have been no related party transactions in the year other than those between the charity and its parent undertaking. No disclosure has been made within these financial statements of such transactions in accordance with the exemptions allowed by FRS102.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by PKF Littlejohn LLP. Discloses 5 of 6 completeness components.

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

Total income
£4.9m
Total spending
£5.4m
Cost of raising funds
£1.0m
Reserves (reported)
£13.9m
Employees
0

Reported reserves equal ~30.8 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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£4.9m£5.4m
31/03/2024£5.2m£5.8m
31/03/2023£4.1m£3.1m
31/03/2022£3.5m£3.2m
31/03/2021£3.5m£5.8m

Common questions

Is THE MILLENNIUM AWARDS TRUST financially healthy?

The accounts state that the charity holds substantial endowment assets with a real value of £182.3 million and unrestricted reserves of £13.9 million. The trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern, supported by high liquidity and forecasted investment income sufficient to cover activities. Its FY2025 accounts were audited by PKF Littlejohn LLP.