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News release

30 March 2010

Parkside Community Project given grant plus bonus by City Bridge Trust

The City Bridge Trust, whose sole trustee is the City of London Corporation, has awarded Parkside Community Project in Southfields £15,000. But Members of the Committee were so impressed with the history of how much the organisation does with very little funds that it was chosen for a one off additional award of £1,100. The extra grant came about because of a remaining balance in the City Bridge Trust budget for the year which needed to be awarded by the end of this tax year.

Parkside Community Project is a project of the PCC of St Paul’s Church in Wimbledon. Based in the local community centre near Southfields, the project provides a range of activities for all ages, but chiefly for older people.

The £15,000 grant will be given over three years for a programme of activities to support the physical and mental health of isolated and/or housebound older people.

John Booth, Treasurer, Parkside Community Project, said:

“To be awarded the full grant is excellent news but to be given the extra amount is a huge bonus for us. It is wonderful that the hard work of our charity and particularly our volunteers has been recognised and appreciated by the City Bridge Trust.”

The City Bridge Trust is the charity funded from ancient tolls over London Bridge. Astute financial administration of the bridge many centuries ago by medieval monks has enabled the latter day City Bridge Trust to make over 5,800 grants totalling more than £230 million to causes across wider London since 1995 alone.

Ends

Notes to editors

  1. Press enquiries
    Kristina Blissett, Press Office, City of London Corporation
    Tel 020 7332 3451 / Mobile 07795 290 040
    Email kristina.blissett@cityoflondon.gov.uk
  2. About the City of London Corporation
    The City of London Corporation is a uniquely diverse organisation. It supports and promotes the City as the world leader in international finance and business services and provides local services and policing for those working in, living in and visiting the Square Mile. It also provides valued services to London and the nation. These include the Barbican Centre and the Guildhall School of Music & Drama; the Guildhall Library and Art Gallery and London Metropolitan Archive; a range of education provision (including three City Academies); five Thames bridges (including Tower Bridge and the Millennium Bridge); the Central Criminal Court at Old Bailey; over 10,000 acres of open spaces (including Hampstead Heath and Epping Forest), and three wholesale food markets. It is also London’s Port Health Authority and runs the Animal Reception Centre at Heathrow. It works in partnership with neighbouring boroughs on the regeneration of surrounding areas and the City Bridge Trust, which it oversees, donates more than £15m to charity annually.
  3. The City Bridge Trust 
    The City Bridge Trust is London’s largest independent grant-making trust, and its sole trustee is the City of London Corporation. Through grant-making and strategic initiatives, the City Bridge Trust works closely with voluntary groups and charities to reduce disadvantage in London. The City Bridge Trust was set up in 1995 as the grant making arm of Bridge House Estates whose original purpose was to maintain the first stone bridge across the River Thames – London Bridge. Its funds date from the 12th century when tolls were first charged. www.citybridgetrust.org.uk
  4. Bridge House Estates
    The parent charity is The Bridge House Estates. This was set up to fund the maintenance and development of the City’s bridges with an annual provision set aside for this purpose. It receives no financial support from the Government or from any other fund. The fund paid for the building of Blackfriars Bridge, the purchase of Southwark Bridge, and the construction of Tower Bridge. In February 2002 the fund took over the ownership and maintenance of the pedestrian-only Millennium Bridge. The primary function of the Bridge House Estates remains the maintenance of London, Tower, Southwark, Blackfriars and the Millennium Bridges.