highlights the fact that across the sector, over a tenth of the workforce (12%) do not hold any formal qualifications.
The 2012 London Olympic and Paralympic Games will also provide the focus needed for the industry to raise skills standards significantly and ensure the industry attracts, retains and develops a high quality workforce. The hospitality industry has been called upon to strengthen its partnership with the 2012 London Olympic team and seize the massive opportunity the Olympic Games presents for the sector. Lord Sebastian Coe has acknowledged that the industry’s support early on in the bid process had been vital. VisitBritain estimates that the tourism legacy from the 2012 Games will be in the region of £2bn.
da cmn n eeomn f euain ri i g ad q aiiain wt i h opt lt nuty
The Trustees consider that in fulfilling the main aim of the Trust, nml h avne e t a d dvlp e t o d cto , tann n ulfcto s ihn t e hs iaiy i dsr, they are investing in both the present and future
a ey t e
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 earlier, is both a major employer and contributor to the UK economy.
For the year under review the total incoming resources for the Savoy Educational Trust amounted to £1,382,625, (7.09% decrease on 2008: £1,488,202) with total resources expended amounting to £956,936 (3.49% increase on 2008: £924,625). Resources expended for the year under review can be broken down as shown below (
se as al ):- e lo Tbe 1
Te a on xedd o hrtbe atvte mutd t 6036 hs ws .6 nrae o 08 wee te a on xedd o hrtbe atvte a
h mut epne n c aial ci iis a one o £8,6. Ti a a 73% ices n 20 hr h mut epne n caial ciiis ws £3,0.
6371
Spot c ss ttle 9, 0, a 1.3 nrae o h 08 ttl wee upr ot mutd t 8,9.
upr ot oald £471 spot css a one o £116
66% ices n te 20 oa hr
Gvr a c ot o h er t tle 4, 5, a 18% ices n 20 hr ot oald £328
oenne c ss fr te ya oald £400 css ttle 4,3.
o £6,9.
u d Mngmn es a ey te css o eeaig fns mutd t £3, 1, a 1.272% dces n 20 hr ot f gnrtn ud mutd t 1640
Fn a ae e t fe, nml h ot f gnrtn ud, a one o 1789
erae o 08 wee css o eeaig fns a one
The sole source of income for the Trust is derived from investment returns. When setting the annual budget the Trustees take into account the professional advice offered by their investment managers regarding the market outlook, investment trends and yield, and the prospect for future capital growth.
Operating within such a diversified industry, the Trust covers a wide spectrum of charitable activities. Included in this review are details of how the incoming resources of the Trust were applied.
.8 nrae o 08 wee
8
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42