This section provides information on the Trust's finances and staff.
Trust for London's funds
Our funds as at 31st December 2020 were £368m, compared with £347m in 2019.
Total return on our investment portfolio in 2020 was 14.4%, compared with 12% in 2019.
Charitable activities for the Central and City Church Funds as at 31st December 2020 were £23.2m, compared with £18.5m in 2019.
Central Fund grants made for work to tackle poverty and inequality in London totalled £13.7m in 2020, compared with £10.3m in 2019.
We made 227 grants in 2020, including 98 emergency COVID-19 grants, compared with 128 in 2019.
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 £7.8m in 2020, compared with £6.5m in 2019.
Gross Distributable Income for 2020 was £20.1m, compared with £16.7m in 2019.
Staff and trustees
We had 23 trustees in 2020, including five who joined during the year.
During 2019, we had 18, including three who joined in January 2019 and October 2019.
In 2020, the average staff head count was 23, compared to 22 in 2019.
The total cost of staff and administration in 2020 was £2.26m, compared to £2.4m in 2019. Staff and admin costs as a percentage of gross distributable income was 11.3%, compared with 14.4% in 2019.
Staff salary bands
High to low pay ratios
Our high to low pay ratio in 2020 was 6.3:1*, compared to 6.2:1 in 2019.
*Interns employed at London Living Wage.
Comparing the lowest paid permanent member of staff to the highest paid, the ratio was 4.4:1 in 2020, compared to 4.6:1 in 2019.
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 2020 is £10.85 per hour.