MERTON MUSIC FOUNDATION

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  5 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MERTON MUSIC FOUNDATION 1991-06-14 → present
2. BACDON LIMITED 1991-03-12 → 1991-06-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

WSM Advisors Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “MMF continued to deliver an increasingly impactful and diverse programme of high-quality regular activity, special projects and events in schools and music centres across Merton.”
• “The Foundation's far reaching and inclusive provision was exemplified in March 2024 by a triumphant return to performing at the Royal Albert Hall for our biennial 'Music is for Life' concert with c. 1500 Merton children.”
• “This year also saw the conclusion of a three-year improvement cycle, centred around the Foundation's Self-Evaluation and Improvement Plan (SEIP) 2021-2024.”
• “Trustees have approved a one-year SEIP to be implemented between September 2024 - August 2025 in the context of a changing national landscape and the planned appointment of a new Chief Executive from January 2025.”
• “We were delighted to return to the Wimbledon Championships with our senior concert band and jazz orchestra to perform for visitors at the semi-finals, as has been a tradition for the organisation for over two decades.”
• “Other highlights included our first youth-led summer festival event, 'Summer of Songs', coordinated ably by members of our Youth Council and a hugely successful tour to the Loire Valley in France for members of our guitar & string ensembles, choirs, concert bands and jazz orchestras.”
• “The organisation responded quickly and adaptably to the national hub restructure, working closely in partnership with the six other existing HLO's in London Southwest to form a new entity, SWL Music, in order to navigate this transition whilst protecting funding for frontline provision with children and young people.”
• “During 2023-24 Trustees approved the creation of a new charitable programme: TEMPO Fund (Training, Education, Musical Progression & Opportunity). TEMPO will be the overarching name given to the Foundation's financial assistance programme and its growing programme of activity to address systemic barriers to participation and historic under-representation of targeted groups.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +23.2%

  £1,475,558 → £1,818,300

• Cash

  -17%

  £364,391 → £302,589

• Net assets

  -6.6%

  £226,640 → £211,793

• Employees

  +7.5%

  40 → 43

• Profit before tax

  -2,536.7%

  £547 → -£13,329

• Wages

  -0.2%

  £593,772 → £592,605

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers