Finance Score: -1

Governance Score: 6

Support Score: 8

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: +8

Overall GiG Score: 13

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

Established: 13 years

www.londonmusicfund.org

info@londonmusicfund.org

020 7983 4258

Charity Commission for England and Wales

Tweets

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	£164	2.9	3	10
31/07/22	£674	£648	£26	£59	£149	£149	2.8	3	10
31/07/21	£519	£608	£-89	£37	£123	£123	2.4	3	15
31/07/20	£444	£234	£210	n/a	n/a	n/a	n/a	n/a	0
31/07/19	£452	£532	£-81	n/a	n/a	n/a	n/a	n/a	10
31/07/18	£462	£450	£12	£0	£0	£0	n/a	0	0
31/07/17	£453	£432	£21	£0	£0	£0	n/a	0	0
31/07/16	£474	£446	£27	£0	£0	£0	n/a	0	0
31/07/15?	£710	£729	£-19	£456	£62	£62	1	4	0
30/06/14	£783	£751	£32	£387	£81	£81	1.3	3	0
30/06/13	£555	£627	£-71	£208	£49	£49	0.9	3	0
30/06/12	£1,013	£893	£121	£224	£121	£217	2.9	2	0

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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 ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Makes Grants to Organisations

Where it operates

Throughout London,

Who it helps

Children/Young People

Who works here?

3 employees
10 volunteers

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

Garfield Weston Foundation	£45,000
The Childhood Trust	£40,000
Mercer's Charitable Foundation	£32,000
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 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 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 commitment to learning an instrument is given the opportunity to develop their potential.
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 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 their background. We believe that music has the power to change lives.
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 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 self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music.
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 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 an instrument is given the opportunity to develop their potential, regardless of their background.
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 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 self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music.
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 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 individuals who are self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music
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 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 individuals who are self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music
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 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 individuals who are self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music
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 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 individuals who are self-motivated and self-disciplined, and helps to develop in them a lifelong joy of music
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

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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: 27-79

AYANNA WITTER-JOHNSON Appointed: 2022, Occupation: Musician/Composer

ALETHEA CHIA JUNG SIOW Appointed: 2021, Occupation: Solicitor

ALEXANDER JAMES KWAME GEORGE Appointed: 2020, Occupation: Investment Analyst

JAMES NICHOLAS MARSH Appointed: 2022, Occupation: Private Equity

MARY JANE MYCROFT Appointed: 2022, Occupation: Head Of Music Service

PETER MICAHEL GLASER Appointed: 2023, Occupation: Finance Director

RICHARD JOHN EWBANK Appointed: 2021, Occupation: Company Director

BARONESS FLEET VERONICA WADLEY CBE (Chair) Appointed: 2011, Occupation: None

EMMA CHAMBERLAIN OBE Appointed: 2018, Occupation: Barrister

KATYA GORBATIOUK Appointed: 2020, Occupation: Consultant

KEVIN LESLIE GARDINER Appointed: 2019, Occupation: Economist

OLIVER DUFF Appointed: 2016, Occupation: None

ROXANA-VIORICA MIRICA Appointed: 2023, Occupation: Partner, Private Equity, Other trusteeship: THE APAX FOUNDATION,

RICHARD MORRIS Appointed: 2011, Occupation: None

HOWARD MASON Appointed: 2021, Occupation: Consultant, Other trusteeship: THE EDMUND TRUST,

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