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Trust for London

Website:

trustforlondon.org.uk/
Type:

Grantmaking Organization
Location:

4 Chiswell Street

London, England
Founded:

1981
Chief Executive:

Manny Hothi
Budget (2022):

Revenue – £13.3 Million ($16.8 Million)
Expenses – £30 Million ($37.9 Million)

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Trust for London is a left-of-center grantmaking organization based in London, England. It merged with another London-based organization, the City Parochial Foundation, in 2010. 1

The organization provides approximately £10 million (around $12.6 million) in funding to organizations each year and funds “large-scale campaigns and research.” 2

Its reported revenue of £13.3 million (around $16.8 million) and expenditures of slightly over £30 million (around $37.9 million) in 2022. Trust for London holds a large amount of money in the form of long-term investments, which totaled around £324 million (around $409 million) in 2022. 3 4

Background

Trust for London is a left-of-center London-based grantmaking organization that prioritizes funding organizations addressing poverty in London, England. The organization claims to be one of London’s largest funders. According to its website, Trust for London provides approximately £10 million (around $12.6 million) in funding to organizations each year. The organization also funds “large-scale campaigns and research.” 5

The organization was originally founded in 1878 after a Royal Commission created two funds, the City Church Fund and the Central Fund, to administer endowments to the Church of England in London as well as poor inhabitants of London, respectively. Together, the two funds constituted the City Parochial Foundation. 6

The U.K. Government abolished the Greater London Council in 1986 as part of local government reorganization and provided an endowment of £10 million (around $12.6 million) to the City Parochial Foundation to manage a new independent Trust for London. 7

Trust for London and the City Parochial Foundation merged in 2010 to create Trust for London. 8

Financials

Trust for London receives most of its income from investments, however; it received government grants worth £40,000 (around $50,500) in 2020, and £23,000 (approximately $29,000) in 2021. The organization’s revenue is also bolstered by donations and legacies. 9

Trust for London’s total gross income was approximately £9.4 million (around $11.9 million) in 2021: £863,000 (around $1 million) from donations and legacies; just over £931,000 (slightly more than $1.1 million) from charitable activities, which includes when a charity sells goods or services; and £7.62 million (approximately $9.6 million) from investments. 10

The organization’s revenue increased dramatically to £13.3 million (around $16.7 million) in 2022: £4.3 million (approximately $5.4 million) from donations and legacies, £1.1 million (just under $1.4 million) from charitable activities, and just under £8 million (slightly more than $10.1 million) from investments. 11

Trust for London’s expenses were £40.4 million (just under $51 million) in 2021: £38.6 million (just over $48.7 million) was spent on charitable expenditure and £35.4 million (around $44.6 million) on grants. 12

The organization’s expenses dropped in 2022to slightly over £30 million (around $37.8 million): £27.8 million (around $35 million) was spent on charitable activities and approximately £24.2 million (just over $30.5 million) on grants. 13

Trust for London holds a large amount of money in the form of long-term investments. Investments are held by the charity to generate income to fund the organization’s charitable intent. 14

The organization’s long-term investments were over £379 million (slightly less than $479 million) in 2021 and dropped slightly to £324 million (around $409 million) in 2022. The organization’s total liabilities were £36 million (around $45 million) in 2021 and £37.4 million (around $47.2 million) in 2022. 15

References

  1. “Finance and investment.” Trust for London. March 20, 2023. Accessed February 22, 2024. https://trustforlondon.org.uk/about/finance-and-investment/.
  2. “About us.” Trust for London. Accessed February 22, 2024. https://trustforlondon.org.uk/about/.
  3. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history.
  4. “Assets and Liabilities – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/assets-and-liabilities.
  5. “About us.” Trust for London. Accessed February 22, 2024. https://trustforlondon.org.uk/about/.
  6. “Finance and investment.” Trust for London. March 20, 2023. Accessed February 22, 2024. https://trustforlondon.org.uk/about/finance-and-investment/.
  7. “Finance and investment.” Trust for London. March 20, 2023. Accessed February 22, 2024. https://trustforlondon.org.uk/about/finance-and-investment/.
  8. “Finance and investment.” Trust for London. March 20, 2023. Accessed February 22, 2024. https://trustforlondon.org.uk/about/finance-and-investment/.
  9. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history.
  10. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history.
  11. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history.
  12. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history
  13. “Financial History – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/financial-history.
  14. “Assets and Liabilities – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/assets-and-liabilities.
  15. “Assets and Liabilities – Trust for London.” Charity Commission. Accessed February 22, 2024. https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/205629/assets-and-liabilities.
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