PUBLIC BENEFIT
The implementation of the Charities Act 2006 has highlighted the need to demonstrate that the aims and activities of the Trust are entirely for the public benefit. The Trustees consider that their strategic objectives have identifiable benefits relating to the aims of the Trust. In the forthcoming year the Trustees will give further consideration to the Charity Commission’s guidance on public benefit and the advancement of education.
RISK ASSESSMENT
The Trustees have addressed the area of risk assessment in order to identify the major risks, possible risks and remote risks to which the Savoy Educational Trust is exposed and have reviewed the systems in place to manage those risks.
TRADEMARK REGISTRATION
In the previous year end the Trust successfully registered its logo. In the year under review, having obtained the relevant consents, the Savoy Educational Trust also registered its name.
OBJECTIVES AND ACTIVITIES REVI
EW OF THE YEAR
The hospitality and tourism industry is an extremely diversified and dynamic sector and one that plays a leading role in the economy. In their 2007 publication ‘Trends and S
t atisti cs’ the British Hospitality Association reported that the size of the industry
– at £106.9bn – is in excess of the official government estimate and is already above the government’s 2012 growth target of £100bn. The industry, unlike many others, remains very labour intensive employing over 1.8 million people in the United Kingdom. It has a mainly young workforce with just over a third of staff under 25 years of age and for many it is an entry point into the labour market. The industry also employs a higher than average number of ethnic minorities and female staff.
As part of the government’s new Tourism Strategy – “Tomorrows Tourism Today” – the industry has made a commitment to drive up economic growth by 2010. The strategy will seek to create many additional new jobs and will require a substantive and sustained investment in new skills and qualifications, particularly for those working in jobs requiring supervisory, management and chef skills. There is still much that needs to be done when the strategy is contrasted with the findings highlighted in Trends and Statisti
cs 20 07 where almost four workers out of ten either have no
qualification at all or have the basic NVQ Level 1. A characteristic of the industry is that it is dominated by small businesses – over 80% employ fewer than 50 people. Often such establishments will find it financially difficult and/or lack the resources to offer training and development to personnel, other than that required by law.
The National Skills Academy for Hospitality has been given the green light after the bid was approved by government following submission of a five year business plan. The Trustees were delighted to learn that the bid included three substantial projects they have previously funded, namely the Bournemouth Hotel School, Junior Chefs’ Academy, and the National Centre for Professional Development ‘VSQ’. The Academy
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