The Aldgate and Allhallows Foundation is pleased to announce that it has achieved accreditation as a Living Wage Funder. This signifies our commitment to ensuring that all positions supported by our funding, either fully or partially, offer wages that align with the Real Living Wage.
As a responsible grant-making organisation, it is of utmost importance to us to ensure that all employment roles funded by the Foundation receive fair compensation and contribute to the ending of low pay within the third sector.
In line with this objective, the Foundation strongly encourages all organisations seeking funding to budget for salaries at the Real Living Wage, at the very least, when calculating their costs. Applications should also include provisions for “cost of living increases” in multi-year grants.
Although organisations are not required to be accredited Living Wage Employers prior to applying for funding, we will encourage grantees to consider accreditation.
Richard Foley, Chief Executive, said;
”We are absolutely delighted to be an accredited Living Wage Funder and further champion the Living Wage movement”
What is the Real Living Wage?
The Real Living Wage is a voluntary, hourly rate of pay that is based on the actual cost of living. The rate is independently calculated based on what people need to get by and is updated each year.
The current Real Living Wage is:
£11.95 in London and £10.90 in the UK.
These rates were announced on Thursday 22nd September 2022.
If you’re interested in becoming a Living Wage Employer or want to learn more about this, please visit the Living Wage Foundation’s Website.