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The Prince's Trust
Formation 1976
Type Charity
Purpose/focus Helping young people
Location 18 Park Square East, London
Region served UK
Website www.princes-trust.org.uk
Remarks Key people:

Martina Milburn Chief Executive

Sir Fred Goodwin Chairman

The Prince's Trust is a charity in the United Kingdom founded in 1976 by The Prince of Wales to help young people.

Contents

Target groups

The young people helped by The Prince's Trust are the long-term unemployed, people who have been in trouble with the law, people who are in difficulty at school, and people who have been in care. These young people are considered by the Prince's Trust to have a "disadvantaged background" and are generally referred to by The Prince's Trust as being "disadvantaged".[1] Some young people who are employed also go on Prince’s Trust courses as a training and development opportunity funded by their employer, but they can only attend if their employer pays course fees to The Prince’s Trust.[2]

People

HRH The Prince of Wales founded The Prince's Trust and is now its president, a figurehead position with no legal responsibility. The Prince's Trust Council are the trustees of the charity and are legally responsible for management, administration and deciding policy.[3] Council members who have retired since April 2008 are David Dobbin CBE, Major General Arthur Denaro CBE DL, and Michael Maton who was only appointed in April 2007 and who was the Chairman of the England Council.

Recent appointments include Ajaz Ahmed, Martin Pilgrim who is the new Chairman of the England Council, Steve Thomas, who is the new Chairman of the Council in Wales, and Peter Cruddas. Both Ajaz Ahmed and Peter Cruddas are Enterprise Fellows of the Prince's Trust which means that they are large donors, with Peter Cruddas having recently given £1.5 million. Of the current seven Enterprise Fellows, three are now members of the Trust Council. The Prince's Trust does not make public the basis on which appointments to Council are made.[4][5] Other members of the council include Charles Dunstone, Simon Fuller and Michael Marks CBE.

Charles Dunstone was appointed Chairman of the Prince's Trust Council in July 2009 following the departure of Sir Fred Goodwin who had been Chair from July 2003.[6] It was announced that Sir Fred was going to cease to be chairman of the Prince's Trust Council when his term of office came to an end, although he was said to still have the support of the Prince of Wales.[7][8] The end of his chairmanship was marked by lunch with the Prince of Wales at Clarence House. [9]

Martina Milburn the chief executive of the trust has said of Sir Fred ".. in terms of his role at the Prince's Trust he has done an outstanding job", but according to other people, over the time of Sir Fred's chairmanship, the trust has "become absurdly safe and, arguably, lost sight of its founding philosophy and principles".[10]

Charles Dunstone has been a major fundraiser for the Prince's Trust and as a result is one of its Enterprise Fellows. He has been a member of the Prince's Trust council since 2000.

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People employed

The Prince's Trust employs 653 people, including 581 people who work in charitable purposes and support, 70 in fundraising and publicity, and 2 in governance. The total cost of employing these staff is more than £20 million a year.[11] One member of staff earned more than £80,000 in 2007/8 with a further two earning between £110,000 and £120,000.[12]

The Chief Executive of the Prince's Trust is Martina Milburn who joined the organisation in 2004.[13]

Finances

In 2007-8 The Prince’s Trust charity, and its trading subsidiary, Prince’s Trust Trading Ltd, had a total income of nearly £45 million, and expenditure of £42.8 million, meaning another year of surplus, this time of £2 million (in the previous year it was £4 million). The Prince’s Trust Group has now increased its reserves to more than £21 million and it planned to go on increasing its reserves in 08/09.[14] The Prince's Trust is one of the 100 largest charities in the UK ranked by expenditure.[15]

Income

The largest source of income was the £16 million received from the public sector. Most of this money was public sector grants for courses, training, mentoring and other services for unemployed young people, provided under contract by the Prince’s Trust.

The voluntary income raised in 2007-8 was more than £20 million. The cost of raising this voluntary income was £4.9 million, which means that for every £1 donated, 75p was spent on charitable activities with the rest going on fundraising costs. In 2007-8, £4.08 was raised for every £1 spent on fundraising.

Expenditure

The Prince’s Trust expenditure of £42.8 million was made up of £34.5 million spent on charitable activities with the rest being spent on administration and other costs.[16] The £34.5 million spent on charitable activities was divided between the different programme areas such as the Team program and the business program.

£2.1 million went on grants, loans & other awards to young people and institutions (in 2006-7 this was £2.7 million), and of this £1.7 million consisted of grants and loans to individuals, whilst the remaining money was payment to other organisations, such as those delivering programmes such as the Prince’s Trust Team program. £18.6 million (2006-7 £18.2 million) was spent on direct staff and other direct costs, and nearly £13.6 million (2006 -7 £15 million) was spent on support costs such as managerial and marketing staff and office rents. Not all the “direct costs” were spent on helping young people, because with much of the money for these programmes coming from the public sector, these direct costs also include the cost of arranging and monitoring all the contracts.[17]

Charitable activities

The Prince's Trust has six main types of charitable activity.

  • The Business Programme helps young people start a business.
  • The Team Programme is a 12-week personal development course, offering work experience, practical skills, community projects and a residential week.
  • Get Intos are short courses offering training and experience in a specific sector to help young people get a job.
  • Development Awards are small monetary grants given to young people to help them get some training, education or a job.[18]
  • Community Cash Awards are grants to help young people set up a project that will benefit their community.[citation needed]
  • xl clubs are held in schools.

There are also some local and pilot programmes, as well as some special expenditure such as the Jason Kanabus Fund.

Business programme

The Business Programme is the programme for which the Prince’s Trust is best known and it helps young people start a business. Young people can benefit from the program if they are aged 18 to 30, are unemployed or working less than 16 hours a week. If they are in an unsatisfying low paid job they will need to become long term unemployed before they can be helped.

In 2007/8, 2,536 young people were helped to begin trading, in addition to support being provided to 6,423 young people already running businesses. 76% of Trust-supported businesses are still trading after one year and 59% after two years.[4]

The help provided usually consists of a loan of up to £4,000, which needs to be repaid by the young person together with 3% interest, although grants are sometimes given.[19] Each year young people pay the Prince's Trust around £360,000 in interest payments on their loans. In the event of a young person failing to repay the loan, the Prince’s Trust can be repaid up to 75% of the loan by the European Investment Fund.[20]

In 2007-08 the Prince's Trust spent a total of £12 million on the Business Programme. From this £699,000 was spent on grants to young people. In addition low interest loans worth £5.3 million were awarded, with the average value of a loan being £2,200. Of the remaining money, £3.8 million was spent on Prince’s Trust staff costs, £3 million on other direct costs, and £4.6 million on support costs.

A substantial amount of the money for the business programme comes from the public sector. For example, in 2007, the Wigan Economic Partnership provided the Prince's Trust with £85,000 for 20 business startups.

In May 2008 Prince Charles pleaded for more funds for the Prince’s Trust business program.[21] In response the chancellor announced that the government would provide an additional £1 million.[22]

Business Mentors

Many of the young people helped through the business program are also provided with a business mentor. Usually someone referred to as a business mentor will provide help and advice about a business. But in the case of the Prince's Trust, business mentors are personal mentors, whose role is the provision of "personal support, assistance, encouragement and inspiration" to a young person.[23]

Team course

The Team course is a 12 week personal development course which is operated as a franchise by the Prince’s Trust. The course involves team building activities, a residential week, a community project and a work placement, and it aims to raise self-esteem, build confidence and develop personal skills.

The course is usually run by a local organisation who is known as the delivery partner and many of the delivery partners are local fire and rescue service organisations. The delivery partner, a local college and the Prince’s Trust, all get paid, usually by the local Learning and Skills Council (LSC). Payment is made according to “results” in respect of young people completing certain parts of the course. Sometimes so much money is paid that there is actually a surplus.[24]

The people going on the Team course are usually unemployed, and if they are receiving JobSeekers Allowance and other benefits they are still able to receive these whilst on the course. People going on the course also get their travel expenses and other costs paid. Some people in employment also go on part of a course but their employer has to pay a course fee of £1,250[25] to the Prince’s Trust. The Prince's Trust employs fundraisers with "proven sales experience" to persuade employers to pay for their employees to go on the Prince's Trust Team Course.[26] In 2006/7 the Prince’s Trust received nearly £687,000 from employer’s fees for Team courses.

Get Into

Get Into are short courses for unemployed young people that are related to a specific sector, usually one where there are many jobs available. The courses aim to help young people get a job in the sector, and they provide training and in many instances work experience.

Example of sectors where Get Into is provided, are retail, sports coaching, customer services and construction.[citation needed]

xl Clubs

xl Clubs operate mainly in schools and are for young people at risk of exclusion from school and/or at risk of underachievement. The informal clubs take place during the last two years of compulsory schooling and meet for at least three hours each week. The clubs are described to young people as being where “you choose what you learn. You have a lot of fun. And you do it all in school”.

In 2006/7 the Prince’s Trust spent £4 million on the xl program and of this £298,000 consisted of grants to clubs, £1.26 million was spent on Prince’s Trust staff costs and £2.3 million on other direct costs and support costs.[citation needed]

The Jason Kanabus Fund

The Jason Kanabus Fund was created from the £2.5 million left to the Prince’s Trust by Jason Kanabus, a young farmer in Sussex who died from cancer in July 2006. He left his money to the Prince’s Trust, with the request that the income was used to help young people become established in farming.[27] There has been some controversy over the use of this money by the Prince's Trust, with the claim being made in 2008 that the Trust was not using the money as Jason Kanabus had requested.[28] In 2009 it was said that only one young person had been helped in the way that he had requested.[29] In the UK charities are not legally required, but are generally expected, to spend money in the way that the person giving it has requested.

Generating income

The Prince’s Trust obtains money from two main sources. Firstly, there is the income received as a result of the charitable activities it undertakes, and secondly it raises voluntary income.

Income from charitable activities

This totalled nearly £16 million in 2007/8 and was mostly contract payments for courses, training, mentoring and other services. Of the £16 million, nearly £2 million came from local and national government, over £9 million from other public sector sources, nearly £4 million from the European Union and £753,000 from the Community Fund.

The "other" public sector sources included:

Regional Dev. Agencies (One North East) £775,000 East Midlands Development Agency £730,000 The Big Lottery Fund £660,000 Department for Education & Skills £158,000

It is unclear how much money in total came from the European Union (EU), as although some money (£4 million) is declared as coming directly, other money can be channelled indirectly through other organisations. Previously much of the EU money for the Prince's Trust came from the European Social Fund (ESF) and could only be spent to help young people who are Not in Education, Employment or Training (NEET).[30] Some of the ESF money went directly to the Prince’s Trust (£816,000 2006/7), but mostly it went to the Learning and Skills Council (LSC) who “doubled it up” with government money that then had the same restrictions placed on it. Some LSC money was given directly to the Prince’s Trust (£1.3 million 2006/7) but the majority went to the regional LSC offices who took out contracts with the regional Prince’s Trust offices to provide services for unemployed young people. The ESF money was channelled through so many routes it is difficult to determine how much it amounted to, but in 2006 the funding provided by the LSC to the Prince’s Trust in total came to approximately £11 million, although clearly these figures have decreased somewhat in recent years.[31]

Voluntary income

The voluntary income raised in 2007-8 was more than £20 million, consisting of £5.2 million from charitable trusts, £4.7 million in corporate donations, £4.5 in individual donations and £2.1 million donations in kind.

Individual donations

Leadership Groups are an important part of the trust's fundraising from individuals. These groups are made up of successful (i.e. rich) individuals within certain business sectors, such as the Technology and Construction sectors. The aim with these groups is that the individuals not only give donations, but also that they encourage employee donations and volunteering from within their organisations.

Fundraising events

The trust still has some fundraising events, but no longer has the high profile concerts that it had some years ago.

Timeline

Year Event
1976 The Prince of Wales launches the charity.
1982 First fund-raising concert.
1986 The Prince's Trust All-Star Rock Concert in Wembley Arena to celebrate first 10 years of the Trust.
1988 £40 million appeal is launched for the Prince's 40th birthday year.
1990 The Prince's Trust Volunteers programme launched.
1996 First rock concert in Hyde Park.
1999 Trust charities are brought together as The Prince's Trust. This is recognised by HM The Queen at a ceremony in Buckingham Palace, when she grants it a Royal Charter.
2000 The Trust is devolved. Wales, Scotland, Northern Ireland and each of the English regions now has it own Director and Council but overall control remains in London.
2002 BBC News and general media outlets report on Dee Narga’s high profile tribunal claim. The former Asian, Prince’s Trust, divisional director claimed she suffered sexual discrimination and unfair constructive dismissal.[32][33][34]
2003 The Prince's Trust loses appeal in high profile tribunal case, former, black Manchester City football star Darren Beckford, suffered racial discrimination and victimisation by a director and assistant director at the Trust. He was brought in to lead a project in Manchester for black and Asian young people under the title "Don't Let Us be a Minority".[35][36]
2003 The 10,000th Development Award.
2003 Volunteers programme renamed Team programme.
2003 Prince's Trust Council restrict help to four "core groups" of young people.[37]
2006 The Prince's Trust turns 30 with a 30th Birthday concert at the Tower of London, an ITV documentary, The Prince of Wales: Up Close, a live televised event on ITV and featuring the first interview with all three princes - Prince Charles, Prince William and Prince Harry.
2008 Controversy over Sainsbury family legacy[38] and Bill Gates donation.[39]
2008 25th anniversary of the Business Programme.
2009 The Prince's Trust criticised for making a donation of £10,050 to the Conservative Party via Women2Win. The Charity Commission investigates whether The Prince’s Trust has broken charity law.[40][41]
2009 Controversy over Jason Kanabus Fund & spending of donation [29]

See also

References

  1. ^ "Crime Reduction". http://www.crimereduction.homeoffice.gov.uk/youth/youth46.htm/. Retrieved 15 August 2008. 
  2. ^ "Nottinghamshire Fire & Rescue Service Charity Partnerships". http://www.notts-fire.gov.uk/. Retrieved 4 August 2008. 
  3. ^ "Prince’s Trust Accounts 2007 Page 13". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  4. ^ a b "Prince’s Trust Accounts 2008". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  5. ^ "Prince’s Trust Enterprise Fellowship". http://www.princes-trust.org.uk/support_us/corporate_supporters/the_enterprise_fellowship.aspx/. 
  6. ^ "The Prince's Trust Council". http://www.princes-trust.org.uk/about_the_trust/trust_people/princes_trust_council.aspx/. 
  7. ^ "Prince Charles dumps RBS boss as chief of the Prince's Trust". http://www.mirror.co.uk/news/top-stories/2009/01/25/. Retrieved 25 January 2009. 
  8. ^ Russell, Edited by Jonathan (30 March 2009). "Sir Fred finds charity at Prince's Trust". The Telegraph. http://www.telegraph.co.uk/finance/comment/citydiary/5077883/Sir-Fred-finds-charity-at-Princes-Trust.html. 
  9. ^ "Fred Goodwin to leave Prince's Trust role with party hosted by Charles". http://news.scotsman.com/politics/Fred-Goodwin-to-leave-Prince39s.5473065.jp. Retrieved 19 July 2009. 
  10. ^ "When Fred Goodwin steered clear of risk". http://www.cypnow.co.uk/opinion/ByDiscipline/Youth-Work/891268/When-Fred-Goodwin-steered-clear-risk/. Retrieved 18 April 2009. 
  11. ^ "Prince’s Trust Accounts 2008 Page 28". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  12. ^ "Prince’s Trust Accounts 2008 Page 29". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  13. ^ "CEO of BBC Children in Need to lead the Prince's Trust". http://www.bbc.co.uk/pressoffice/pressreleases/stories/2004/03_march/24/milburn.shtml. 
  14. ^ "Prince’s Trust Accounts 2008 Pages 9 & 11". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  15. ^ Charities Direct
  16. ^ "Prince’s Trust Accounts 2008 Page 16". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  17. ^ "Prince’s Trust Accounts 2008 Page 26". UK Charity Commission. http://www.charity-commission.gov.uk/. 
  18. ^ "Practical advice for business". http://www.businesslink.gov.uk/bdotg/action/gsdDetail?type=GSD&page=0&itemId=1075127190&refpage=2. Retrieved 18 April 2000. 
  19. ^ "Services in Nottinghamshire". http://www.services4notts.org.uk/. Retrieved 5 July 2008. 
  20. ^ "Guarantee for micro-credit to the Prince's Trust (UK)". http://www.eif.org/news/index.htm. Retrieved 7 July 2008. 
  21. ^ "Prince Charles pleads for more Trust funds". http://www.telegraph.co.uk/. Retrieved 15 April 2008. 
  22. ^ "House of Lords debates 22 May 2008". http://www.theyworkforyou.com/. Retrieved 15 April 2008. 
  23. ^ "Mentoring builds Resilience". http://www.abdn.ac.uk/rowangroup/documents/cathcart.ppt. 
  24. ^ "Cheshire Fire & Rescue Service". http://www.cheshirefire.gov.uk/. Retrieved 18 April 2008. 
  25. ^ "Nottinghamshire Fire & Rescue Service". http://www.notts-fire.gov.uk/. Retrieved 30 June 2008. 
  26. ^ "Prince's Trust Current Vacancies". http://www.princes-trust.org.uk/. Retrieved 21 June 2008. 
  27. ^ "Daily Mail 26 May 2007". http://www.dailymail.co.uk/news/article-457863/. 
  28. ^ "The grocer v the Prince 14th February 2008". http://www.guardian.co.uk/business/2008/feb/14/jsainsbury.monarchy. Retrieved 27 November 2008. 
  29. ^ a b "Charless-Trust-thwarts-dying-wish-Sainsburys-heir-died-tragically-young". http://www.dailymail.co.uk/news/article-1202364/. Retrieved 1 August 2009. 
  30. ^ "European Social Fund in England 2007 – 2013". http://www.esf.gov.uk/. Retrieved 15 April 2008. 
  31. ^ "House of Commons Hansard Written Answers 11 Jan 2006". http://www.publications.parliament.uk. Retrieved 15 April 2008. 
  32. ^ "Former Prince's Trust director 'slapped'". BBC News. 2002-06-18. http://news.bbc.co.uk/1/hi/england/2052565.stm. Retrieved 2009-11-27. 
  33. ^ "Article: Slap costs Charles' Trust £10k.". AccessMyLibrary. 2002-10-16. http://www.accessmylibrary.com/coms2/summary_0286-26312557_ITM. Retrieved 2009-11-27. 
  34. ^ [1]
  35. ^ "Prince's Trust loses race appeal". BBC News. 2003-02-19. http://news.bbc.co.uk/2/hi/uk_news/england/2781629.stm. Retrieved 2009-11-27. 
  36. ^ exclusive by james ducker (2003-02-19). "Star fired from charity for being black". Manchester Evening News. http://www.manchestereveningnews.co.uk/news/s/52/52076_star_fired_from_charity_for_being_black.html. Retrieved 2009-11-27. 
  37. ^ "Prince’s Trust Accounts 2004". UK Charity Commission. http://www.charity-commission.gov.uk/. Retrieved 27 June 2008. 
  38. ^ "The Guardian February 14th 2008". http://www.guardian.co.uk/. 
  39. ^ "The Mail on Sunday March 23rd 2008". http://www.mailonsunday.co.uk/. 
  40. ^ Andrew Pierce (15 March 2009). "Prince Harry's charity saved from crisis by Lord Ashcroft donation". Telegraph. http://www.telegraph.co.uk/news/newstopics/theroyalfamily/4995484/Prince-Harrys-charity-saved-from-crisis-by-Lord-Ashcroft-donation.html. Retrieved 13 April 2009. 
  41. ^ Paul Jump (10 March 2009). "Prince's Trust investigated for 'Tory donation'". Third Sector. http://www.thirdsector.co.uk/News/DailyBulletin/889186/Princes-Trust-investigated-Tory-donation/06548351A4642B1FEE48947140D0E3D8/. Retrieved 13 April 2009. 

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