This section provides information on the Trusts finances and staff.
Trust for London's funds
Our funds as at 31st December 2018 were £325m, compared with £333 in 2017. Total return on our investment portfolio in 2018 was 2%, compared with 7% in 2017.
Charitable activities for the Central and City Church Funds* as at 31st December 2018 were £17.2m, compared with £14.9m in 2017.
Central Fund grants made for work to tackle poverty and inequality in London totalling £10.4m in 2018, compared with £8m in 2017.
We made 141 grants in 2018, compared with 136 in 2017.
City Church Fund charitable activities (in relation to which the Trust’s Board has no control) for work as stipulated by the Church Commissioners totalled £5.7m in 2017, the same figures as in 2016.
Gross Distributable Income for 2018 was £15.3m, compared with £14.8m in 2017.
Staff and trustees
We had 19 trustees in 2018, including three who stepped down during the year. During 2017 we had 17, including three who stepped down.
In 2018 the average staff head count was 20, the same as in 2017.
The total cost of stand and administration in 2018 was £1.85m, compared to £1.67 in 2017. Staff and admin costs as a percentage of gross distributable income was 12.1%, compared with 11.5% in 2017.
Staff salary bands
High to low pay ratios
Our high to low pay ratio in 2018 was 6.6:1*, compared to 6.1:1 in 2017.
*Interns employed at London Living Wage.
Comparing the lowest paid permanent member of staff to the highest paid, the ratio was 5.0:1 in 2018, compared to 4.87:1 in 2017.
Trust for London is an accredited London Living Wage employer and is a principal member of the Living Wage Foundation. The London Living Wage from November 2018 is £10.55 per hour.
From our Twitter
The new @fawcettsociety Sex & Power Index finds that women are still vastly underrepresented in positions of power. They're calling on the gov to improve the gender #PayGap by requiring companies to publish action plans & introduce reporting by ethnicity http://bit.ly/2tI0gwn23 Jan 2020
If you're a charity that supports women and girls, you have until Fri 24 Jan to apply to @Media_Trust Women's Voices event. Gain free communications advice from media and creative industry pros at this event celebrating International Women’s Day. https://bit.ly/2QRfk3T20 Jan 2020
Why does it cost people on low incomes more to borrow money on credit, or heat their home? @CarlPackman from our grantee @FairByDesign explains the #PovertyPremium on the latest episode of @SmartMoneyPPL ‘Money Bites’ podcast. You can listen here: http://bit.ly/FBDpodcast pic.twitter.com/EHbUsnal6f23 Jan 2020
"In the UK wealth inequality is twice as bad as income inequality"- interesting piece in @Independent from @robertnpalmer , head of @TaxJusticeUK , our grantee who we provide funding towards to campaign on highlighting inequality & championing smarter taxes http://bit.ly/2TPMvGH23 Jan 2020