Charity Accounts Intelreading the accounts so you don’t have to

THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS

Registered charity 1141216 · accounts filings on the Charity Commission register · also known as LONDON MUSIC FUND, MAYOR'S MUSIC FUND, MFYM

Latest income
£878k
Latest spending
£865k
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves were £227,789, which is below the charity's stated policy target of six months' operating costs. Net current assets were £615,782, and the trustees report that the charity has sufficient liquidity to continue to manage its operations efficiently.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — in the top quarter for charities its size (median £60k)
“One employee received emoluments of £70,000 - £80,000.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee received emoluments of £70,000 - £80,000.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“The unrestricted funds are freely available for the Charity’s general purposes and were £227,789 at 31 July 2024 (2023: £164,479). The Charity aims to have free reserves equivalent to at least six months operating costs.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 15
“During the year, donations of £32,493 (2023: £36,060) were made by individuals serving as Trustees of the charity.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£878k
Total spending
£865k
Cost of raising funds
£46k
Reserves (reported)
£0
Employees
4

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/07/2025£878k£865k
31/07/2024£704k£641k
31/07/2023£697k£682k
31/07/2022£674k£648k
31/07/2021£519k£608k

Common questions

Is THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS financially healthy?

The accounts state that unrestricted reserves were £227,789, which is below the charity's stated policy target of six months' operating costs. Net current assets were £615,782, and the trustees report that the charity has sufficient liquidity to continue to manage its operations efficiently. Its FY2024 accounts were independently examined.

What does the highest-paid employee of THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

Who funds THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS?

Funders whose own accounts filings name THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS as a grant recipient include THE FOYLE FOUNDATION, GENESIS AMERICA (UK) LIMITED, THE KARLSSON JATIVA CHARITABLE FOUNDATION, THE ATHERTON FAMILY CHARITABLE TRUST, THE ANDREW LLOYD WEBBER FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE FOYLE FOUNDATIONFY2025£75k
GENESIS AMERICA (UK) LIMITEDFY2023£60k
THE KARLSSON JATIVA CHARITABLE FOUNDATIONFY2022£20k
THE ATHERTON FAMILY CHARITABLE TRUSTFY2022£20k
GENESIS AMERICA (UK) LIMITEDFY2022£17k
THE ANDREW LLOYD WEBBER FOUNDATIONFY2024£15k
The Portal TrustFY2025£14k
The Portal TrustFY2023£13k
The Portal TrustFY2024£13k
MARIA BJORNSON MEMORIAL FUNDFY2022£10k
The Ashley Family FoundationFY2023£8k
THE CHILDHOOD TRUSTFY2024£7k
HYDE PARK PLACE ESTATE CHARITYFY2024£6k
HYDE PARK PLACE ESTATE CHARITYFY2025£6k
HYDE PARK PLACE ESTATE CHARITYFY2022£5k
THE ALBERT AND EUGENIE FROST MUSIC TRUST CIOFY2023£4k
NEWBY TRUST LIMITEDFY2025£4k
THE INNHOLDERS' CHARITABLE FOUNDATIONFY2023£4k
THE GOLDHILL FAMILY CHARITABLE TRUSTFY2025£3k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ALL SAINTS, MARGARET STREET, LONDON W1FY2023£2k
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2023£2k
THE SANDHU CHARITABLE FOUNDATIONFY2022£1k
THE SANDHU CHARITABLE FOUNDATIONFY2025£1k
THE CRESCENT TRUSTFY2024£1k
THE ALBERT AND EUGENIE FROST MUSIC TRUST CIOFY2024£1k
THE SANDHU CHARITABLE FOUNDATIONFY2023£1k
The Ashley Family FoundationFY2024£500
THE A M CHARITABLE TRUSTFY2023£200
THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSICFY2025£10
THE CRESCENT TRUSTFY2023£0
THE ATHERTON FAMILY CHARITABLE TRUSTFY2023£0

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE ARDEOLA CHARITABLE TRUST1£1.8m
THE BERKELEY CHARITABLE FOUNDATION1£435k
THE CHARLES WOLFSON CHARITABLE TRUST1£200k
THE ROTHSCHILD FOUNDATION1£50k
MONDAY CHARITABLE TRUST1£25k
SCOULOUDI FOUNDATION1£15k
THE COMPANY OF MERCHANT TAYLORS OF THE CITY OF YORK1£15k
NORTHERN CONSORTIUM1£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MAYOR'S FUND FOR LONDON.