Founded by Alderman Sir Andrew Parmley during his tenure as Lord Mayor (2016-2017), the competition initially began with one trophy, but it has since grown and is now categorised into two separate categories – Full Band and a Corps of Drums.
The prizes are as follows:
- Best Band (provided by the Alderman Sir Andrew Parmley)
- Best Corps of Drums (provided by the RFCA for Greater London)
- Best Overall Bugler (provided by Lady Parmley)
- Best Drum Major (provided by Mr Stephen Lane, YOU London)