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
We’ve pledged £500,000 to an emergency support fund to help community & voluntary organisations in #London facing immediate financial pressures & uncertainty because of #COVID19 The scheme is co-ordinated by the fantastic @LondonFunders Read more https://bit.ly/39ozAzS pic.twitter.com/wp2WbRs1yx25 Mar 2020
For #London charities & community groups in need of additional digital support or advice, @LDN_gov has created a Digital Support Access Form to help match you with organisations or volunteers who can help You can find the form below https://bit.ly/2JDXdtr2 Apr 2020
'It is time to make amends to the low-paid essential worker’ @sarahoconnor_ writes in the @FT on how #COVID19 is shining a light on low paid jobs. We want better work for everyone, where those in work are treated with decency, respect & paid at least a #LivingWage https://twitter.com/FinancialTimes/status/1245667339011608577 …2 Apr 2020
*IMPORTANT – HELP NEEDED* Is your charity facing financial difficulties because of the #coronavirus crisis? Let us know the details by emailing firstname.lastname@example.org now so we can explain to the government the problems you're facing. Please share with your networks.20 Mar 2020
An important read from @CarnegieUKTrust & @LearnWorkUK on the future of the #MinimumWage , demonstrating the impact of low pay on worker wellbeing, family life,health & insecurity We're proud to be on the advisory group & later in 2020, plan to share a #London specific report https://twitter.com/CarnegieUKTrust/status/1245007695096221697 …2 Apr 2020