THE MAYOR'S FUND FOR LONDON

Charity number: 1124833
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Mayor's Fund for London is a non-politically aligned, independent charity which champions opportunities for young Londoners from low-income backgrounds. We deliver impactful programmes which help to safeguard and transform the life chances of young Londoners by supporting them with access to food, wellbeing, education and employment opportunities. The Mayor of London is our Patron.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£3,166,144

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Donations and legacies £413.17k
Charitable activities £2.44m
Other trading activities £306.92k
Investments £9.81k
Other £0

Total expenditure:
£2,991,460

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Raising funds £159.49k
Charitable activities £2.83m
Other £0

£0 investments gains (losses)

Total income includes £138,934 from 6 government contract(s) and £1,123,149 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £159.49k
Charitable expenditure £2.83m
Retained for future use £174.68k

People

23 Employee(s)

10 Trustee(s)

553 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£70k to £80k 1
£90k to £100k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
  • Other Charitable Activities
Where the charity operates:
  • Throughout London

Governance

Registration history:
  • 04 July 2008: Standard registration
  • 01 October 2018: Funds received from 1151075 ACCESS ASPIRATION
Organisation type:
Charitable company
Other names:

No other names

Company number:
06621189 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events 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
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
TIMOTHY ROBERTS Chair
None on record
Azhar Mohammed Bham Trustee 24 September 2024
None on record
Rachel Dina Nelken Trustee 24 September 2024
None on record
Megan Rebecca Hale Trustee 24 September 2024
None on record
Sophie Pender Trustee 21 September 2023
None on record
Dr Aderonke Savage Trustee 21 September 2023
None on record
Natalie Creary Trustee 21 September 2023
None on record
Mehmet Dalman Trustee 26 September 2017
None on record
Jennifer Halpern Prince Trustee 13 June 2017
None on record
IAN LIVINGSTONE Trustee 17 July 2013
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUST
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.54m £2.82m £2.59m £2.24m £3.17m
Total expenditure £1.67m £2.77m £2.50m £2.49m £2.99m
Income from government contracts N/A N/A N/A N/A £138.93k
Income from government grants £120.00k £942.78k £96.03k N/A £1.12m
Income - Donations and legacies £605.25k £725.58k £521.46k £468.89k £413.17k
Income - Other trading activities £57.61k £30.00k £1.03m £131.44k £306.92k
Income - Charitable activities £878.24k £2.07m £1.04m £1.63m £2.44m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.01k £1.24k £21 £169 £9.81k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.63m £2.66m £2.36m £2.36m £2.83m
Expenditure - Raising funds £42.73k £102.35k £132.93k £122.41k £159.49k
Expenditure - Governance £35.99k £42.83k £37.23k £28.34k £25.56k
Expenditure - Grants institution £586.82k £1.36m £578.61k £506.81k £608.08k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £993.75k £1.01m £1.27m £1.09m £1.03m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £335.78k £295.23k £458.02k £530.86k £290.80k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 15 July 2024 On Time
Accounts and TAR 31 December 2023 15 July 2024 On Time Download Open in new window
Annual return 31 December 2022 10 July 2023 On Time
Accounts and TAR 31 December 2022 10 July 2023 On Time Download Open in new window
Annual return 31 December 2021 12 July 2022 On Time
Accounts and TAR 31 December 2021 12 July 2022 On Time Download Open in new window
Annual return 31 December 2020 15 July 2021 On Time
Accounts and TAR 31 December 2020 15 July 2021 On Time Download Open in new window
Annual return 31 December 2019 22 July 2020 On Time
Accounts and TAR 31 December 2019 22 July 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 16 JUNE 2008

Charitable objects

THE OBJECTS OF THE CHARITY ARE SUCH CHARITABLE PURPOSES FOR THE BENEFIT WITHIN THE AREA OF BENEFIT AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED. IN PRACTICE, LOCAL

Contact information

Address:
169 Union Street
London
SE1 0LL
Phone:
02079836544
Email:
info@mayorsfundforlondon.org.uk
Website:

www.mayorsfundforlondon.org.uk Open in new window