ITV 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. 87p in every £1 donated to the Prince's Trust is spent on charitable activities. 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). 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. 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.