Our funds as at 31st December 2017 were £333m, compared with £319m in 2016. Total return on our investment portfolio in 2017 was 7%, compared with 12% in 2016. Charitable activities for the Central and City Church Funds* as at 31st December 2017 were £14.9m, compared with £7.1m in 2016. Central Fund grants made for work to tackle poverty and inequality in London totalled £8m in 2017, compared with £7.1m in 2016. We made 136 grants in 2016, compared with 121 in 2016. 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 - it was £4.8m in 2016. Gross Distributable Income for 2017 was £14.8m, compared with £13.8m in 2016.
High to low pay ratios
Comparing the lowest paid permanent member of staff to the highest paid, the ratio was 4:7:1 in 2017. In 2016 it was 4:8:1.
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 2017 is £10.20 per hour.
*Grants payable were used for the Trust’s work to tackle poverty and inequality and for the work of the City Church Fund. The Trust has no involvement in how the City Church Fund is distributed.
From our Twitter
Private renting must be regulated properly to be a viable option for households who are struggling. Many landlords want to do the right thing, but need Govt led support to make this easier. Read about our work on the private rental sector here: https://www.trustforlondon.org.uk/issues/housing/private-rented-sector/ …17 Dec 2018
Everyone deserves somewhere that they can safely call home. But housing is increasingly unaffordable for many ordinary Londoners. We need to build significantly more social and affordable homes to help lift millions of Londoners out of poverty.16 Dec 2018
This study spoke to young black men searching for good city jobs in London. 38% said that the demeanour of people interviewing them for jobs would change when they saw that they were black. https://www.trustforlondon.org.uk/publications/moving-young-black-men-londons-financial-sector-aspirations-and-experiences/ …15 Dec 2018
This study from @justlifeuk found that over half of people in unsupported temporary accommodation reported having no working locks on their doors. Temporary Accommodation Boards would help to make life easier for people in this unwelcome situation. https://www.trustforlondon.org.uk/publications/are-temporary-accommodation-boards-feasible/ …14 Dec 2018