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LMM-AnnualReview-16-17-32pgs-final-for-proofEAedits

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fundraising and finance<br />

London Music Masters is an organisation on a powerful mission – with a long-term<br />

vision <strong>for</strong> change. We take great pride in having raised substantial support from<br />

individuals, trusts, foundations, and corporate partners. In 20<strong>16</strong>/<strong>17</strong>, voluntary<br />

donations made up over 80% of our income. The remainder comes from fees<br />

charged to schools <strong>for</strong> our services. The lack of funding <strong>for</strong> state schools is never<br />

far from the headlines and we work hard to ensure that costs are as low as possible<br />

whilst delivering a world-class experience <strong>for</strong> the students. Each of our partner<br />

schools invests significant resources into the music education of their students<br />

by partnering with us. This year alone the investment from voluntary donors and<br />

schools helped us provide tailored tuition and outstanding musical experiences to<br />

1,400 young instrumentalists who each receive their own instrument and 1.5 hours<br />

of tuition per week. We believe that the acquisition of musical skills is only the<br />

beginning of the impact that this investment will have.<br />

London Music Masters currently has a team of three fundraisers – all committed to<br />

maintaining the highest possible principles when fundraising. We are members of<br />

the Fundraising Regulator and are committed to abiding by current legislation and<br />

best practice.<br />

We are always looking <strong>for</strong> additional voluntary income and are actively seeking<br />

corporate partners to help implement our ambitious strategic plans. If you<br />

would like to find out more about supporting the work we do, please contact<br />

our Development Director Charlotte Hamilton on +44 (0) 20 7091 0767 or at<br />

chamilton@londonmusicmasters.org<br />

how we are funded<br />

This year we raised £830,000* this is how:<br />

26%<br />

5%<br />

40%<br />

individual donors<br />

trusts and foundations<br />

parents and schools<br />

corporate<br />

29%<br />

*This represents unaudited income <strong>for</strong> 20<strong>16</strong>/<strong>17</strong>. Audited accounts<br />

<strong>for</strong> previous years are available via the charity commission website<br />

www.gov.uk/government/organisations/charity-commission<br />

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