The Cost of Living Crisis continues to deepen its impact on society

As the cost-of living crisis continues to be felt across the globe, Ludlow Trust Company, in its role as sole trustees for a number of charitable trusts, understands that this remains a priority.

All indications from government predict that the cost-of-living crisis will prevail for the next 3 to 4 years. With this in the forefront of our minds we have focused the distributions made by these trusts to where they can have the greatest impact at this time and beyond. Supporting a range of charities to work with families, children and those who are most vulnerable and will continue to be so for years to come.

With basic living expenses continuing to outpace household incomes, Ludlow Trust Company, has again focused these distributions to tackle the cost of living crisis through charities that deal with food poverty and housing need.  In addition, we have given some attention to debt advice management, addressing the digital divide and family crisis.

These grants will be deployed over the next few years, providing much-needed services, support and solutions. The following grants have recently been made on behalf of these charitable trusts. You can find out more information about the organisations who have been awarded these grants by clicking the links below:

Food Poverty

  • The Trussell Trust, £250,000 – to support the Stand for Change – young people against poverty project and towards the Cost of Living Resilience Fund.
  • Fareshare Northeast, £51,780 – to reduce the backlog of community groups and schools waiting to sign up as food members and/or support the Food Innovation Pilot project.
  • Magic Breakfast, £200,000 -‘work to ensure that no child is too hungry to learn’. The grant will support Magic Breakfast to continue to supply the schools they work with, with regular food aid, which may include cereals, bagels, beans, and porridge. Some funds will focus on the Essex area, in line with the late settlor’s wishes.

Homelessness and Housing Need           

  • Depaul UK, £148,111 – support for young people who find themselves in need during the cost of living crisis. That is vulnerable young people who will be kept safe and offered the support, encouragement and practical advice needed to move off the path towards long-term homelessness and onto their journey to independence.
  • Glass Door Homeless Charity, £151,082 – to run the casework service in 2023-24. This includes caseworker salaries and on-costs, guest expenses (cost of passports, training, travel etc), guest deposits, temporary accommodation and reconnection costs, external casework services (e.g. to provide specialist immigration support) and rent for casework consultation rooms.
  • Crisis UK, £200,000 – to The Venture Studio at Crisis to invest in, build and scale ventures that end homelessness for those experiencing it or prevent homelessness from happening in the first place.

Addressing the digital divide, family crisis and debt advice/management

  • Good Things Foundation, £98,534 – to fund 10 of their community partners across the UK to support community organisations to build their capability and confidence as digital inclusion hubs.
  • Baby Bank Network £50,000 – Provide essential baby items (such as toys, clothing, cots) for families in need in the Bristol area. The grant will enable the charity to increase their capacity and reach more families.
  • Little Village, £200,000 – runs baby banks which help families with babies and children under five living in poverty throughout London. They expect to support at least 5000 children under 5 years old this year and anticipate being able to double this next year.
  • Debt Advice Foundation, £51,509 – a contribution towards the delivery of 1,000 debt advice sessions to clients in the over 60’s and cost of living target groups,  over a 12 month period.

 

Through the generosity of these charitable trusts, we have been able to make grants totalling £1.4m   across a broad spectrum of need.  We are confident that this approach will have impact for those experiencing the profound effects of the cost-of living crisis.


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