MUSIC RELIEF FOUNDATION
MRF seeks to nurture economically disadvantaged young people by: Providing music-based recreational activities provided in the interest of social welfare.Providing support and activities which develop their skills to enable them to participate in society as mature and responsible individuals. Promoting social inclusion and assisting those who are socially excluded to integrate into society.
Financial health, per its FY2025 accounts
The accounts state that total income of £120,934.73 exceeded total expenditure of £94,889.75, resulting in a surplus for the year. However, the majority of funds were restricted, leading to a significant operational deficit in unrestricted reserves as unrestricted income of £11,985.14 was insufficient to cover unrestricted expenditure. The trustees consider the charity a going concern, citing strong restricted income streams and active fundraising plans.
What the accounts disclose
“Restricted Income: approximately £90,350 (project-specific funding) Unrestricted Income: £11,985.14” — page 9
“The charity aims to build unrestricted reserves equivalent to three months of core operating costs. This target has not yet been achieved.” — page 9
Trustees
- Oluwasijibomi Oluwamuayowa Ogunsola-Alongechair
- Adrian Carl Thompson
- Annemari Suranthi De Silva
- Paul Alexander Miller
- Valeria Ehrenheim
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £121k | £95k |
| 31/03/2024 | £76k | £102k |
| 31/03/2023 | £30k | £102k |
| 31/03/2022 | £82k | £52k |
| 31/03/2021 | £68k | £48k |
Common questions
Is MUSIC RELIEF FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total income of £120,934.73 exceeded total expenditure of £94,889.75, resulting in a surplus for the year. However, the majority of funds were restricted, leading to a significant operational deficit in unrestricted reserves as unrestricted income of £11,985.14 was insufficient to cover unrestricted expenditure. The trustees consider the charity a going concern, citing strong restricted income streams and active fundraising plans.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/03/2024 | £20k | MRF Safe Space-Amplify Her Voice |
| UK government | 06/08/2020 | £10k | Coronavirus Community Support Fund |