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
Want to see a full list of all the projects and research we’ve funded in 2019, tackling #poverty & #inequality across the capital? A downloadable list is now available on our website, alongside our interactive map and @360Giving data http://bit.ly/2QZ1mgF pic.twitter.com/qbG5HkvKv81 Dec 2019
Today is #HumanRightsDay . Human rights are relevant to all of us, every day, & our shared humanity is rooted in these universal values. That’s why today is a day to #StandUp4HumanRights , which this year puts a spotlight on young people playing a crucial role in positive change pic.twitter.com/EyKBJBOz5s10 Dec 2019
Thank you so much to everyone who contributed to tonight’s conversation! This is a great start and we are so happy with the amazing conversations that took place #aspacetothink #unespacioparapensar @IRMOLondon @corganisers @LDN_gov @HaringeyCoOrg @CityBridgeTrust @trustforlondon pic.twitter.com/sTYA2bGy199 Dec 2019
New @ONS data shows that wealth #inequality in the UK has increased over the past decade as rising debt falls hardest on low income families. The widening gap between rich and poor has a detrimental effect on the whole of society http://bit.ly/2ruY7TF9 Dec 2019