MILL ARTS CENTRE TRUST

Registered charity 1165998 · accounts filings on the Charity Commission register

Opened in 1990 The Mill is a multi-function arts centre and the only dedicated arts provision in the busy market town of Banbury in Oxfordshire. We have audiences of around 5,000 people per year buying 17,000 individual performances, events, classes and workshops.

Objects

THE OBJECTS OF THE CIO ARE TO BENEFIT BOTH THE YOUNG PEOPLE AND ADULTS OF BANBURY AND THE SURROUNDING REGION SERVED BY THE TOWN OF BANBURY ("THE AREA") AND ALSO PEOPLE AT LARGE, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, BY FURTHERING THE FOLLOWING CHARITABLE PURPOSES (RECOGNISED UNDER ENGLISH LAW):• TO PROMOTE THE ARTS FOR THE PUBLIC BENEFIT; • TO ADVANCE EDUCATION FOR THE PUBLIC BENEFIT; • TO PROVIDE (AND ASSIST IN THE PROVISION OF) FACILITIES FOR RECREATION AND OTHER LEISURE-TIME OCCUPATION IN THE INTERESTS OF SOCIAL WELFARE WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS OF THE AREA; AND• TO FURTHER SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES SEE FIT FROM TIME TO TIME IN THE AREA FOR THE PUBLIC BENEFIT.THE CIO’S CHARITABLE PURPOSES WILL BE FURTHERED AT OR DIRECTED FROM THE MILL ARTS CENTRE BANBURY ("THE MILL").

Area of benefit: LOCAL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Recreation · website · Get email alerts

Latest income
£938k
Latest spending
£1.1m
Registered
2016
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with a net deficit of £112,012, resulting in a combined negative fund balance of £66,931. Per the trustees' report, unrestricted reserves of £(79,991) are well below the stated policy target of approximately £90,000, though the trustees maintain a going concern basis citing strong cashflow and expected stabilization in the coming year.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £-80k; policy: three months of fixed costs (approx £90,000))
“Although the current level of free (unrestricted) reserves is well below the target level identified above” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Oxfordshire County Council owns the building, provides facilities management/utilities in-kind, and leases at peppercorn rent.
“The Mill Arts Centre building is owned by Oxfordshire County Council and leased to the Trust on a peppercorn rent. In addition, Oxfordshire County Council provides facilities management and supply of utilities to the Trust as support in kind.” — page 12
“Cherwell District Council supports the Trust through an annual public subsidy of £106,270. An officer of the council sits as an observer on the Board of Trustees to oversee application of these funds.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Cherwell District Council provides core revenue support grant.
“The Mill Arts Centre building is owned by Oxfordshire County Council and leased to the Trust on a peppercorn rent. In addition, Oxfordshire County Council provides facilities management and supply of utilities to the Trust as support in kind.” — page 12
“Cherwell District Council supports the Trust through an annual public subsidy of £106,270. An officer of the council sits as an observer on the Board of Trustees to oversee application of these funds.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

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

Total income
£938k
Total spending
£1.1m
Cost of raising funds
£95k
Reserves (reported)
£0
Employees
24

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (45% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 10.1% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Buckinghamshire · Northamptonshire · Oxfordshire · Warwickshire

Income and spending

Financial year endIncomeSpending
31/03/2025£938k£1.1m
31/03/2024£945k£923k
31/03/2023£726k£721k
31/03/2022£685k£663k
31/03/2021£465k£423k

Common questions

Is MILL ARTS CENTRE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity ended the year with a net deficit of £112,012, resulting in a combined negative fund balance of £66,931. Per the trustees' report, unrestricted reserves of £(79,991) are well below the stated policy target of approximately £90,000, though the trustees maintain a going concern basis citing strong cashflow and expected stabilization in the coming year. Its FY2025 accounts were independently examined.

Who funds MILL ARTS CENTRE TRUST?

Funders whose own accounts filings name MILL ARTS CENTRE TRUST as a grant recipient include DORIS FIELD CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
DORIS FIELD CHARITABLE TRUSTFY2022£1kSingle payment

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund05/02/2026£20kCreative Wellbeing Sessions
UK government13/10/2022£183kNational Portfolio Organisations
UK government13/10/2022£183kNational Portfolio Organisations
UK government22/10/2021£30kCulture Recovery Fund: Continuity Support
The National Lottery Community Fund23/01/2020£1kNow That's What I Call Dancing Banbury 2020
The National Lottery Community Fund07/08/2019£10kEarly StARTS
The National Lottery Community Fund14/06/2018£10kcreative, connected communities in bicester
The National Lottery Community Fund01/02/2017£10kThe Banbury Community Kitchen: Cook, Chat and Learn
The National Lottery Community Fund11/11/2016£10kGetting creative about cake - a community celebration of the cake

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE TOWN MILL TRUST LYME REGIS.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
MILL ARTS CENTRE TRUST£938k—0below—no doubt
THE TOWN MILL TRUST LYME REGIS FY2025£244k—0unclear—no doubt
NEW MILLS ART THEATRE LIMITED FY2025£124k—0unclear—no doubt
MILLAN CENTRE FY2025£121k—0unclear—no doubt
MILLGATE ARTS CENTRE LIMITED FY2025£160k—0unclear—no doubt
THE MILLER CENTRE TRUST FY2024£116k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.