Finance Score: -1
Governance Score: 6
Support Score: 9
  • Low unrestricted reserves: -2
  • Multiple Deficits: -2
  • Fundraising costs low: +3
  • No volunteer policy: -2
  • 12+ Trustees: -1
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +9
Overall GiG Score: 14 ?

THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS 

Trading as the "London Music Fund", the charity awards Scholarships to children with musical potential and commitment to learning an instrument, whose families are unable to afford the ongoing cost of tuition. It also funds Partnerships between music hubs, schools and professional arts organisations, addressing specific gaps in provision. Applications are only accepted from London Music Hubs.
Analysis by Giving is Great

Positives:

  • The charity has received backing from multiple prominent grant makers recently
  • Spending has increased over the last 3 years relative to the previous period
  • Fundraising costs are low relative to funds raised
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • Although this charity works with volunteers it does not have a Volunteer Management policy
  • There are 15 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end
  • On several occasions in recent years income has been less than spending

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 Volun-
teers
31/07/23£697£682£15£45£164£1642.9310
31/07/22£674£648£26£59£149£1492.8310
31/07/21£519£608£-89£37£123£1232.4315
31/07/20£444£234£210n/an/an/an/an/a0
31/07/19£452£532£-81n/an/an/an/an/a10
31/07/18£462£450£12£0£0£0n/a00
31/07/17£453£432£21£0£0£0n/a00
31/07/16£474£446£27£0£0£0n/a00
31/07/15?£710£729£-19£456£62£62140
30/06/14£783£751£32£387£81£811.330
30/06/13£555£627£-71£208£49£490.930
30/06/12£1,013£893£121£224£121£2172.920

Financial Ratios
Fundraising Costs/Relevant Income: 6.5%
Fundraising Costs/Total Spending: 6.5%
Senior Staff Costs/Total Spending: 13%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 85%
Liabilities/Income: 133%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.9 months
Net Current Assets/Spending: 11 months
Quick Ratio: 1.3
Asset Split ?
Established: 13 years

www.londonmusicfund.org

info@londonmusicfund.org

020 7983 4258

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Education/Training
GiG Classification
  • Performing and visual arts
How it operates
  • Makes Grants to Organisations
Where it operates
  • Throughout London,
Who it helps
  • Children/Young People

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.

Major supporters in last 5 years
The Childhood Trust£50,000
Garfield Weston Foundation£45,000
Greater London Authority£26,000
The Foyle Foundation£20,000
The Berkeley Foundation£13,600
Specific Donations
Amount When
Months
To be used for
Greater London Authority - London Music Fund Scholarships Programme Grant
£26,000 12/07/2023
To enable 26 young Londoners from low-income families to learn a musical instrument for one year.
The Childhood Trust - London Music Fund
£10,000 20/06/2023
We transform under-served communities by enabling children to access high-quality music education. Our vision is that every child who demonstrates significant musical ability, enthusiasm and ....more
The Foyle Foundation - Learning (MGS)
£20,000 11/07/2022
towards core funding over the next 12 months
The Childhood Trust - London Music Fund Scholarship Programme 2022
£7,000 12/06/2022
We transform under-served communities by enabling children to access high-quality music education. Our vision is that every child who demonstrates significant musical ability, enthusiasm and ....more
Garfield Weston Foundation - Main Grants award
£20,000 06/05/2022
London Music Fund - Core Funding Application
The Berkeley Foundation - Big Give campaign donation
£6,800 28/06/2021
An unrestricted donation to support their Big Give 10 year anniversary campaign
The Childhood Trust - London Music Fund 10 Year Anniversary Fundraiser
£10,000 22/06/2021
Our vision is that every child who demonstrates significant musical ability, enthusiasm and commitment to learning an instrument is given the opportunity to develop their potential, regardless of ....more
The Berkeley Foundation - One-off grant
£6,800 01/06/2021
One-off grant in support of the Mayor's Fund for young Musicians
The Childhood Trust - London Music Fund Scholarship Programme
£7,000 08/12/2020
We help children from low-income families reach their full potential through music, with a unique Scholarship programme. Our work supports children to become confident, creative individuals who are ....more
Garfield Weston Foundation - Main Grants award
£25,000 24/07/2020
Core Costs
The Childhood Trust - London Music Fund Big Give Campaign
£6,000 03/07/2020
The London Music Fund is an independent charity with the Mayor of London as Patron. Our vision is that every child who demonstrates significant musical ability, enthusiasm and commitment to learning ....more
The Childhood Trust - London Music Fund Scholarship Programme
£10,000 10/12/2019
We help children from low-income families reach their full potential through music, with a unique Scholarship programme. Our work supports children to become confident, creative individuals who are ....more
Mercer's Charitable Foundation - Grant to Mayor of London's Fund for Young Musicians
£32,000 12/06/2019
36
London Music Fund Scholarships Programme
The Leathersellers' Company Charitable Fund - Grant to The Mayor of London's Fund for Young Musicians
£16,000 13/03/2019
48
Main Grant unrestricted core costs
The Childhood Trust - Christmas Challenge 2018
£10,000 04/12/2018
We help children from low-income families reach their full potential through music, with a unique four-year Scholarship programme. Our work supports children to become confident, creative ....more
Andrew Lloyd Webber Foundation - Grant to London Music Fund
£8,100 27/06/2018
24
Scholarships Programme - 2018 - Covid-19 flexibility agreed
The Childhood Trust - London Music Fund Scholarships Project
£6,000 05/12/2017
We help children from low-income families reach their full potential through music, with a unique four-year Scholarship programme. Our work supports children to become confident, creative ....more
The Childhood Trust - London Music Fund Scholarships Project
£6,000 02/12/2016
We help children from low-income families reach their full potential through music, with a unique four-year Scholarship programme. Our work supports children to become confident, creative ....more
Andrew Lloyd Webber Foundation - Grant to London Music Fund
£500 27/06/2016
Scholarship Funding - 2016
The Childhood Trust - Christmas Challenge 2015
£6,000 18/12/2015
We help children from low-income families reach their full potential through music, with a unique four-year Scholarship programme. Our work supports children to become confident, creative ....more
Andrew Lloyd Webber Foundation - Grant to London Music Fund
£15,000 20/10/2015
Youth Music Theatre Orchestra project - 2015
Andrew Lloyd Webber Foundation - Grant to London Music Fund
£19,200 22/10/2014
Part funding of Youth Music Theatre Orchestra programme and workshops in conjunction with the Lyric Hammersmith
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)
Current Trustees appointed
Gender Split
Based on 14/15 persons

Age Range of Trustees: 27-80
Legal constitution
  • Charitable company registered in England & Wales on 06/04/2011, number: 1141216
  • Registered at Companies House on 15/02/2011, number: 07530077
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
Filing Record
12 returns made; all on time
Main office

169 Union Street
London
SE1 0LL

Objectives

THE CHARITY'S OBJECTS ARE:TO BENEFIT THE PUBLIC THROUGH THE PROMOTION AND ENHANCEMENT OF THE MUSICAL EDUCATION AND DEVELOPMENT OF YOUNG PEOPLE BY ANY MEANS AND IN ANY SOCIALLY INCLUSIVE CONTEXT.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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