At the Annual Youth Justice Convention last week, Chris Hume, director of practice and performance at the board, said the organisation was working with the Department for Education and Skills to identify "trial sites" that are "at the vanguard of children's trust development".
Delegates voiced concern that pooling resources would lead to large statutory bodies such as social services taking funding from other agencies.
Hume said: "This provides opportunities but also presents potential risks. There are obvious gains, but the huge pressures on children's services have the potential to suck in resources."
Children's trusts used pooled funding to commission local services for young people and are made up of representatives from both voluntary and statutory agencies.