The MMF Trust Fund Scheme
We passionately believe that children and young people who demonstrate musical potential should be able to benefit from music at MMF, irrespective of their background or financial circumstances. The aim is to build up a new capital fund that will help generate much needed finances to support this.
September 2010 - August 2012
Merton Music Foundation
In recent years we have seen a significant increase in demand with many more children requiring support from the MMF Trust Fund. At present the charity is generating insufficient funds to be able to meet the level of demand expected beyond 2011. With the help of doners we aim to start building up core capital that will generate much needed new funding to support our operations. From this, interest will be realised that will enable the Trust Fund to become fully self financing in the future.
Our target in the short term is to build up a new capital fund of £30K. This will enable us to meet current needs and prepare for the level of support that will be required post 2011. Long term we would hope to develop the fund to a much higher level to enable MMF to significantly expand its charitable operations and develop its support for disadvantage children and young people.
To build a new core 'capital' fund that will enable the charity to expand its charitable support.
Activities» We will provide: 50% reduction in costs of music tuition for all children and young people who require assistance due to financial hardship.
» We will provide: 50% reduction in costs of Music Centre Membership for all children and young people who require support due to financial hardship
» We will provide: Free instrumental hire for all young people receiving support from the MMF Trust Fund. (Includes a small admin fee and deposit)
Currently some 275 children are supported by our charity. It is our aim to increase this to approximately 500 so that we can meet future demands that are projected post 2011.
Developing a child's musical ability can be expensive. The provision of instruments, lessons, music centre fees and exams can put a serious financial strain on families, especially those facing financial difficulties. By creating this new fund we hope to be able to ensure that everyone who applies to our charity for financial assistance can be supported if help is required.
At present support through the MMF Trust Fund is limited by the charity's ability to provide financial support. Currently support is determined by funds available that are not committed to other parts of the charity's operations. A key risk at present is the pressure on our general charitable resources by the recession. Reductions in income inevitably means that the charity is forced to limit the amount of support available. This is an ongoing risk that is monitored by the Trustees.
We will be adding information on our fund raising through the BigGive to our website. Full details of Merton Music Foundation's charitable activities and the support it provides can also be found in the Charity's Annual Report and Accounts. Copies can be obtained from the MMF.
Budget - Project Cost: £30,000Loading graph....
Amount Heading Description £30,000 Capital Fund A new capital fund to help finance awards by the charity's Trust Fund scheme.
Merton is a small borough in south west London containing communities with extremes of wealth and deprivation. The borough has a wide economic profile ranging from one of the most affluent areas of south London to one of the poorest. Almost half of the school population are of minority ethnic heritage and the poorest ward is predominantly of Black & Asian ethnicity. Overall the borough has a very mixed ethnicity.
The benefits of music making for young people are well documented. Having the opportunity to take part in music making has been shown to improve:
1. General learning, particularly literacy, numeracy and analytical skills
2. Physical coordination
3. Self-esteem and self-confidence
4. Social skills
Securing new funds for the charity's Trust Fund will ensure that many more children and young people who are from disadvantaged backgrounds can access music tuition and activities at MMF.
Merton Music Foundation is a charitable trust based in the London Borough of Merton providing:
- Over 5,250 instrumental lessons to children and young people each year
- Whole class instrumental lessons to over 800 KS2 pupils
- 27 bands, choirs and ensembles to over 400 local students
- Thousands of pupils involved in our creative projects in Merton’s Primary, Secondary and Special schools
- Regular performance opportunities, including festivals, workshops, concerts and tours.
Read more about the Charity running this project.
John is Chief Executive and founder of MMF. He is a keen advocate of the value of music in contributing to young people's personal development.