The Millennium Awards Trust

Analysis

The Millennium Awards Trust is a registered charity in England and Wales, based in London. It was registered in January 2003, 23 years ago. Its declared purposes cover education/training, the prevention or relief of poverty and economic/community development/employment, which this site groups under poverty relief. Legally it is a charitable trust. It says it makes grants to individuals, provides advocacy/advice/information and sponsors or undertakes research.

In the financial year ending March 2025, The Millennium Awards Trust reported income of £4.9m and spending of £5.4m, spending 110% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £3.5m to £4.9m (+41%), an average of +9.0% a year. The sharpest change came in the year to March 2024, when income rose by 28%. Over the whole period it spent 110% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, The Millennium Awards Trust sits at the 99th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Royal Variety Charity (£4.9m), Launchpad Reading (£4.9m) and Gerson Berger Association Limited (£4.9m).

In its latest detailed accounts, income came from investments 98% and donations and legacies 2.4%. Charitable activities took 81% of spending and raising funds 18%. Reserves of £13.9m would cover about 31 months of spending at that rate.