Trust for London's funds
Our funds as at 31st December 2019 were £347m, compared with £325m in 2018.
Total return on our investment portfolio in 2019 was 12%, compared with 2% in 2018.
Charitable activities for the Central and City Church Funds as at 31st December 2019 were £18.5m, compared with £17.2m in 2018.
Central Fund grants made for work to tackle poverty and inequality in London totalled £10.3m in 2019, compared with £10.4m in 2018.
We made 128 grants in 2019, compared with 141 in 2018.
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 £6.5m in 2019, compared with £5.7m in 2018.
Gross Distributable Income for 2019 was £16.7m, compared with £15.3m in 2018.
Staff and trustees
We had 18 trustees in 2019, including three who joined in January 2019 and October 2019.
During 2018, we had 19, including three who stepped down in June 2018, October 2018 and December 2018.
In 2019, the average staff head count was 22, compared to 20 in 2018.
The total cost of staff and administration in 2019 was £2.4m, compared to £1.85m in 2018. Staff and admin costs as a percentage of gross distributable income was 14.4%, compared with 12.1% in 2018.
Staff salary bands
High to low pay ratios
Our high to low pay ratio in 2019 was 6.2:1*, compared to 6.6:1 in 2018.
*Interns employed at London Living Wage.
Comparing the lowest paid permanent member of staff to the highest paid, the ratio was 4.6:1 in 2019, compared to 5.0:1 in 2018.
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 2019 is £10.75 per hour.