Wales Millennium Centre

Analysis

Wales Millennium Centre is a registered charity in England and Wales, based in Cardiff. It was registered in January 1997, 29 years ago. Its declared purposes cover education/training and arts/culture/heritage/science, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 03221924). It says it provides buildings/facilities/open space.

In the financial year ending March 2025, Wales Millennium Centre reported income of £28.1m and spending of £27.8m, spending 99% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £10.2m to £28.1m (+176%), an average of +29% a year. The sharpest change came in the year to March 2023, when income rose by 70%. Over the whole period it spent 103% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, Wales Millennium Centre sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include Wessex Archaeology Limited (£27.7m), The Mayflower Theatre Trust (£28.8m) and Oxford Archaeology Limited (£27.6m).

In its latest detailed accounts, income came from trading 79%, donations and legacies 14%, charitable activities 4.4% and investments 1.8%. Charitable activities took 36% of spending and raising funds 64%. Grants to other organisations totalled £66k. Reserves of £1.5m would cover about 1 months of spending at that rate. It employed 298 people.