STRUCTURE, GOVERNANCE AND MANAGEMENT C
O SIUI N NTT TO
The Savoy Educational Trust was constituted under a Trust Deed dated 26th April 1961 and established by four directors of the then Savoy Hotel Limited as an unincorporated grant making charitable trust for educational purposes, mainly though not exclusively, in relation to the hospitality industry.
G VR A C N A A E E T O E N NE A D MN GMN
The Trust’s deed prescribes its objectives and sets out a framework under which the Trustees and administrative staff govern the Trust’s affairs. The Trustees are appointed in accordance with the Trust Deed and are aware that they are responsible for the overall direction, effectiveness, supervision and accountability of the Trust.
The Secretary/Administrator of the Trust is the sole employee. The Chief Executive is self employed and works on a part-time consultancy basis. The accounting function of the Trust is outsourced to an independent accounting service.
T UTE R SES
The Trustees who served during the year were as follows:- Mr. R. Turpin, FIH (
Car a) himn
Cllr R. Davis, DL, MA (Cantab) Mr. S. May, FIH Mr. R. Pajares, OBE, FIH Mr. M.T. Parker, LVO1
Trustees are appointed by invitation from the existing Trustees to serve a 3 year term of office, but may be re-elected for succeeding terms. Terms of office were introduced to enable the Trust to continually review the skill set of the Trustees in order to maintain a board with the relevant experience, empathy and knowledge of the Trust and its activities.
In accordance with good governance the Trustees also consider it appropriate to rotate the role of Chairmanship. The role commences at the start of each financial year having been voted upon by the Trustees at one of their quarterly meetings. The appointment is for an initial term of one year, although this can be extended if it is the wish of the Trustees.
Potential Trustees will receive background information on the Savoy Educational Trust which will include the Trust Deed, Minutes of Meetings, Annual Report and Accounts and documentation on what is expected of them under charity law, with particular reference to charity commission guidance publications such as CC3 ‘Responsibilities of
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