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
Thanks to everyone who got involved in #LDNChallengePoverty Week this year fantastically coordinated by @4in10 , uniting voices against #poverty in #London & raising awareness of what can be done to tackle it. Let's build on this momentum & continue to work together to #SortItOut pic.twitter.com/PkY7HM1m4b20 Oct 2019
. @LAWALondon & @LBWPWomen recently released ‘A Roof, Not A Home’ addressing housing experiences of Black & minoritised women survivors of gender-based violence. The report explores the 1st year of the Trust funded project Women Against Homelessness & Abuse http://bit.ly/2W8oppQ pic.twitter.com/xOOtppEpFW23 Oct 2019
We’re proud to be part of the Migration Exchange as funders aiming to improve the lives of migrants & receiving communities. The network is looking for proposals to deliver a Leadership Development for #SocialChange programme. Closing 11 Nov, details here http://bit.ly/33WuzvX pic.twitter.com/1L1UTh0NF623 Oct 2019
Today the International #CleanAirSummit will be held in #London , bringing together policy makers and experts to explore the global issue of #AirPollution . @MayorofLondon Sadiq Khan argues that extra funding for environmental issues is key https://on.ft.com/33QijwW23 Oct 2019