Even though the economy seems to be picking up, many charities are suffering, with The London Taxidrivers’ Charity for Children being no exception. However, as a result of the prudent safeguards of the last few years, the Fund has maintained strong reserves to enable continued support for the many disadvantaged children of Greater London. General administration expenses add up to just over ½ % of generated income, allowing nearly every penny of income being spent on improving the quality of life for those in need.
Over £4500 of grants were made during the year, including supporting the children of taxi drivers who have been unable to work; The Grosvenor House children’s party expenses were greater than the previous year as transport costs increased due to the really atrocious weather; The cost of the annual outing to Southend-on-Sea was virtually the same as the last year, although a one-off item of china mugs to celebrate our 85th Anniversary did increase the total. However, thanks to the generosity of its many benefactors, the Fund was able to recover much of these outlays, and has been able to maintain its high profile within the London licensed taxi trade, giving hundreds of disadvantaged children many great memories of the year’s events.