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
At any one time, our funding is supporting up to 300 organisations and our average grant is worth £70,000. Read a review of our funding from 2013 - 2017 here https://bit.ly/2Zo6kEr16 Jun 2019
Research from @LivingWageUK shows that over 5 million people in Britain are in low-paid and insecure work. The #LivingHours campaign calls for employers to provide security of working hours, as well as paying at least the #LivingWage https://bit.ly/2MI5HUT15 Jun 2019
This increase is since 2008, not 2018.14 Jun 2019
Grenfell. Two years on. It felt then like it would be the test of us, what we are like as a city and as a political class. I fear we are failing the test.14 Jun 2019