Charity Trustees’, ‘The Essential Trustee: What You Need to Know’ and ‘Charities and Public Benefit’. Following their appointment new Trustees will be invited to spend some time in the Trust office as part of their induction process to further develop their understanding of the Savoy Educational Trust policies and practices.


All Trustees are asked to complete the register of interests which is held and regularly updated in order to avoid any potential conflicts of interest that may arise. Where a conflict does arise then the Trustee concerned is asked to withdraw from the decision making process.


I VSMN O MTE NE T E T C M ITE


In order to minimise administrative costs and benefit from economies of scale the Trust collaborates with the D’Oyly Carte Charitable Trust on matters of Fund Management. A joint Investment Committee comprising of representatives from both Trusts meets quarterly with the Fund Managers to review and monitor investment performance.


P BI E EI T TMN U LC BNFT SAE E T


The Trustees acknowledge that education is the most powerful tool there is in achieving social justice and talent, wherever it exists should be sought out, supported and nurtured. They can confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance and supplementary guidance on public benefit in determining the activities undertaken by the Trust for the advancement of education.


The Trustees wholeheartedly believe that they can demonstrate that their grant giving activities outlined in the o


betvs ad atvte ahee e t n ef r a c rni l i cpe 1 hr jcie n ci iis and the atvte, ci iis c ivmns ad promne sections of this review are carried out for the


public benefit and clearly meet the two key principles of public benefit, namely:- P


1a


: T ee ms e a dniibe bnft o e eis It must be clear what the benefits are


ut b n i e tfal e ei r bnft


The Trustees consider that in fulfilling the main aim of the Trust, namely the advancement and development of education, training and qualifications within the hospitality industry, they are investing in both the present and future skills needs of the industry. This is also in keeping with the government’s plans to ‘help develop a modern further education system that contributes fully to the nation’s vocational skills’. In working with interested bodies and partners the Trustees are striving to make a tangible difference and impact on the continuing development of an industry that, as highlighted elsewhere in this review, is both a major employer and contributor to the UK economy.


1b The benefits must be related to the aims The main aim of the Trust is the advancement and development of education, training and qualifications within the hospitality industry. As outlined in the o atvte


betvs ad jcie n


ciiis and atvte, ahee et n efr ac benefits flow directly from this aim.


ciiis civmns ad promne sections of this review all 5


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