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.