Finance Score: -4

Governance Score: 9

Support Score: 4

Low unrestricted reserves: -2
Accounts filed more than 5 days late: -2 times

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +4

Overall GiG Score: 9

MERTON MUSIC FOUNDATION

The principal object of the Merton Music Foundation is to "advance musical education within the framework of the arts for the benefit of the public in the London Borough of Merton and elsewhere". Our mission is to encourage participation, enjoyment and achievement by providing the highest quality learning opportunities in music and the performing arts.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/08/22		£1,273	£1,248	£25	£0	£240	£227	2.2	34
31/08/21		£1,071	£1,066	£5	£0	£215	£202	2.3	28
31/08/20	*	£1,190	£1,149	£41	£0	£209	£196	2	31
31/08/19	*	£1,330	£1,300	£30	£0	£168	£155	1.4	12
31/08/18		£1,107	£1,098	£10	£0	£139	£126	1.4	11
31/08/17		£1,183	£1,161	£22	£0	£129	£116	1.2	10
31/08/16		£1,086	£1,094	£-8	£0	£107	£90	1	10
31/08/15		£1,062	£1,068	£-7	£61	£115	£83	0.9	9
31/08/14		£924	£902	£23	£60	£122	£69	0.9	9
31/08/13		£971	£992	£-20	£58	£99	£60	0.7	12
31/08/12		£929	£925	£4	£55	£119	£74	1	11
31/08/11		£1,049	£1,038	£11	£57	£115	£54	0.6	11
31/08/10		£946	£963	£-17	£58	£104	£40	0.5	12
31/08/09		£961	£994	£-33	£58	£121	£74	0.9	11
31/08/08		£971	£877	£94	£53	£154	£118	1.6	17
31/08/07		£849	£854	£-5	£55	£60	£60	0.8	17
31/08/06		£799	£845	£-46	£0	£0	£0	n/a	0
31/08/05		£690	£711	£-22	£0	£0	£0	n/a	0
31/08/04		£701	£657	£44	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 23%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 33%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 2.2 months
Net Current Assets/Spending: 2 months
Quick Ratio: 2.7

Asset Split ?

Established: 33 years

www.mmf.org.uk

admin@mmf.org.uk

02086405446

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Croydon, Hounslow, Kingston Upon Thames, Merton, Richmond Upon Thames, Sutton, Wandsworth,

Who it helps

Children/Young People
People With Disabilities
The General Public/Mankind

Who works here?

34 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - Investment Funds
£19,717	16/04/2021	We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where ....more We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government to help deliver this vision.
DCMS - Music Education Hub Funding
£248,743	18/03/2021	Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working together to create joined-up music ....more Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working together to create joined-up music education provision, respond to local need and fulfil the objectives of the Hub as set out in the National Plan for Music Education.
DCMS - Music Education Hub funding 2020-2021
£251,935	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - TPS 2019/20
£8,216	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - CRF 2 - MMF
£64,425	01/04/2020	To support Arts and Culture throughout England
Youth Music - BeatFest
£19,830	09/03/2020	BeatFest

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 25-66

KINGSLEY GREEN Appointed: 2022, Occupation: Fabric Technician

MANISH SOLANKI Appointed: 2022, Occupation: Principal And Operational Risk Consulting Leader

MIA LIYANAGE Appointed: 2022, Occupation: Edi Project Leader

NIKKI MORGAN Appointed: 2019, Occupation: Teacher

SEBASTIAN JONES Appointed: 2022, Occupation: Lawyer

EDWARD ANDREW JOHN HICKMAN Appointed: 2014, Occupation: Management Consultantancy

IAN BOND Appointed: 2017, Occupation: It Consultancy

ROWENA LOUISE MAYBURY Appointed: 2016, Occupation: Head Teacher

EMMA TREVELYAN Appointed: 2018, Occupation: Hr Professional, Other trusteeship: FRIENDS OF MERTON'S YOUNG MUSICIANS,

SANDRA KAY VOGEL Appointed: 2019, Occupation: Journalist, Other trusteeship: MITCHAM CRICKET GREEN COMMUNITY & HERITAGE,

Legal constitution

Charitable company registered in England & Wales on 11/09/1991, number: 1004122
Registered at Companies House on 12/03/1991, number: 02590621

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR20: 128 days late, AR19: 125 days late,

Main office

c/o Harris Academy Morden
Lilleshall Road
Morden
SM4 6DU

Objectives

TO ADVANCE MUSICAL EDUCATION WITHIN THE FRAMEWORK OF THE ARTS FOR THE BENEFIT OF THE PUBLIC IN THE LONDON BOROUGH OF MERTON AND ELSEWHERE

Defined Area of Benefit:

LONDON BOROUGH OF MERTON AND ELSEWHERE

Data Sources