LONDON PHILHARMONIC ORCHESTRA BENEVOLENT FUND
To support past and present members of the London Philharmonic Orchestra who are suffering hardship through illness,injury or other reasons approved by the Trustees.In addition,we support members who are unable to work while caring for a dependant as well as supporting maternity and paternity leave.
Objects
THE OBJECTS OF THE CHARITY ARE TO HOLD AND APPLY THE INCOME AND CAPITAL OF THE CHARITY IN MAKING AT THE DISCRETION OF THE TRUSTEES GRANTS TO OR FOR THE RELIEF AND ASSISTANCE OF SUCH OF THE BENEFICIARIES WHO SHALL AT ANY TIME BE IN NECESSITOUS CIRCUMSTANCES AND IN NEED OF CHARITABLE RELIEF AND IN SUCH AMOUNTS AT SUCH TIMES ON SUCH CONDITIONS (IF ANY) AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT AND ANY SUCH GRANT MAY AT THE TRUSTEESÆ ABSOLUTE DISCRETION BE MADE BY PAYMENT OF SUCH BENEFICIARY AND IN THE LATTER CASE THE TRUSTEES SHALL BE UNDER NO OBLIGATION TO SEE TO THE APPLICATION OF ANY MONEY SO PAID.'BENEFICIARIES' MEANS ANY PRESENT OR PAST MEMBERS OF THE LONDON PHILHARMONIC ORCHESTRA TOGETHER WITH ANY PERSONS LIVING IN A FAMILY RELATIONSHIP WITH THEM INCLUDING BUT NOT LIMITED TO THEIR SPOUSES, CIVIL PARTNERS, WIDOWS, WIDOWERS, CHILDREN OR OTHER DEPENDENTS WHO ARE IN NEED OR DISTRESS AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME DETERMINE AND ÆBENEFICARYÆ MEANS ANY INDIVIDUAL MEMBER OF THIS GROUP OF PERSON
Financial health, per its FY2025 accounts
The accounts state that total charity funds stood at £210,675 at the year end, with unrestricted reserves sufficient to cover total expenditure for at least the next 12 months. The charity reported a net receipt of £33,860 for the year, resulting in an increase in cash funds from £176,815 to £210,675. The trustees confirmed confidence in continuing support in the foreseeable future.
What the accounts disclose
“London Philharmonic Orchestra subscriptions 45,039”
“Reserves are invested in an interest paying limited access account are are sufficient to cover the charity's total expenditure for atleast the next 12 months.” — page 4
“During the year, George Peniston, trustee, received £2,871 (2024: £2,765) as fee for administration of the charity.” — page 7
“During the year, George Peniston, trustee, received £2,871 (2024: £2,765) as fee for administration of the charity.” — page 7
“During the year, one trustee received benefits (compensation payments) from the Charity where he or she is a beneficiary and the trustee was eligible for such benefits on the same terms as a beneficiary who is not a trustee.” — page 7
“During the year, George Peniston, trustee, received £2,871 (2024: £2,765) as fee for administration of the charity.” — page 7
“During the year, one trustee received benefits (compensation payments) from the Charity where he or she is a beneficiary and the trustee was eligible for such benefits on the same terms as a beneficiary who is not a trustee.” — page 7
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- 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
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- George Penistonchair
- JOSEPH JOACHIM MAHER
- STEWART MCILWHAM
- Sue Bohling
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £50k | £17k |
| 31/08/2024 | £50k | £20k |
| 31/08/2023 | £39k | £43k |
| 31/08/2022 | £41k | £74k |
| 31/08/2021 | £34k | £38k |
Common questions
Is LONDON PHILHARMONIC ORCHESTRA BENEVOLENT FUND financially healthy?
Per its FY2025 accounts: The accounts state that total charity funds stood at £210,675 at the year end, with unrestricted reserves sufficient to cover total expenditure for at least the next 12 months. The charity reported a net receipt of £33,860 for the year, resulting in an increase in cash funds from £176,815 to £210,675. The trustees confirmed confidence in continuing support in the foreseeable future. Its FY2025 accounts were independently examined.