MUSICIANS BENEVOLENT FUND
Financial health, per its FY2025 accounts
The accounts state that total income decreased by 20% to £5.7 million, primarily due to a reduction in legacy income, while total expenditure was £9.2 million. The charity reported a net loss of £1.1 million after investment gains, bringing total reserves down to £47.9 million from £49.0 million in the prior year. The trustees note that the current level of funding is not sustainable in the long term and intend to reduce reserves in a controlled manner until they reach an appropriate level.
What the accounts disclose
“All fourteen employees earning more than £60,000 (2024: ten) participated in the defined contribution scheme.” — page 33
“The financial statements also consolidate the results of the charity’s wholly-owned subsidiary, MBF Trading Limited.”
Year-over-year changes
- Employees paid over £60,000: 10 (FY2024) → 14 (FY2025).
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (01/05/2025)
- Received assets from another charity (17/09/2024)
- Received assets from another charity (10/05/2021)
- Received assets from another charity (28/04/2021)
- Received assets from another charity (06/08/2018)
Trustees
- Clifford Gary Fluet
- Isabel Garvey
- James Lewis Benner
- Jonathan Peter Higgins
- Louisa McCann
- Nicola Cornwell
- Robert Duncan James Shennan
- Roger James Boulton
- Samuel Donald Jackson
- Stephanie Tina Haughton-Campbell
- Stephen Christopher Neil Swift
- Victoria Charlotte Davies
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £5.7m | £9.2m |
| 31/12/2024 | £7.1m | £10.0m |
| 31/12/2023 | £6.5m | £11.3m |
| 31/12/2022 | £5.6m | £11.2m |
| 31/12/2021 | £7.1m | £12.6m |
Common questions
Is MUSICIANS BENEVOLENT FUND financially healthy?
The accounts state that total income decreased by 20% to £5.7 million, primarily due to a reduction in legacy income, while total expenditure was £9.2 million. The charity reported a net loss of £1.1 million after investment gains, bringing total reserves down to £47.9 million from £49.0 million in the prior year. The trustees note that the current level of funding is not sustainable in the long term and intend to reduce reserves in a controlled manner until they reach an appropriate level. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds MUSICIANS BENEVOLENT FUND?
Funders whose own accounts filings name MUSICIANS BENEVOLENT FUND as a grant recipient include HUO FAMILY FOUNDATION (UK) LIMITED, THE CHARLES SKEY CHARITABLE TRUST, THE KATHLEEN SMITH FOUNDATION, THE OFENHEIM CHARITABLE TRUST, WHITAKER CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2021 | £138k |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2022 | £66k |
| THE CHARLES SKEY CHARITABLE TRUST | FY2023 | £40k |
| THE KATHLEEN SMITH FOUNDATION | FY2023 | £30k |
| THE OFENHEIM CHARITABLE TRUST | FY2023 | £12k |
| THE OFENHEIM CHARITABLE TRUST | FY2025 | £12k |
| WHITAKER CHARITABLE TRUST | FY2023 | £10k |
| CECIL PILKINGTON CHARITABLE TRUST | FY2023 | £5k |
| THE WYSELIOT ROSE CHARITABLE TRUST | FY2025 | £4k |
| CECIL PILKINGTON CHARITABLE TRUST | FY2025 | £3k |
| CECIL PILKINGTON CHARITABLE TRUST | FY2024 | £3k |
| VAUGHAN WILLIAMS FOUNDATION | FY2024 | £3k |
| CHAPMAN CHARITABLE TRUST | FY2022 | £2k |
| WHITAKER CHARITABLE TRUST | FY2024 | £1k |
| WHITAKER CHARITABLE TRUST | FY2022 | £1k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN WITH ST PETER, WORCESTER | FY2023 | £148 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CHARLES THE MARTYR, TUNBRIDGE WELLS | FY2021 | £124 |
| THE LOSELEY CHRISTIAN TRUST | FY2025 | £100 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ANDREW LLOYD WEBBER FOUNDATION | 2 | £1.4m |
| THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO | 2 | £35k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £250k |
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £200k |
| GENESIS AMERICA (UK) LIMITED | 1 | £77k |
| THE FOYLE FOUNDATION | 1 | £75k |
| THE SACKLER TRUST | 1 | £50k |
| The Portal Trust | 1 | £41k |