Education is the particular priority, with recipients ranging from theatre groups to school counselling services, to scholarships and bursaries.
And education is a subject close to the heart of the charity's chairman, Nick Stuart, who up until 2001 was director of lifelong learning at the Department for Education and Skills (DfES). Stuart is keen to pay tribute to the "canny" Lyon and stresses that his charity has an important role to play for London's youth - even 425 years after it was founded.
"The charity provides a lot of support to voluntary bodies such as youth clubs to help them build capacity," he says.
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