The am Suppo


a 20.97% dcr £801,930


oun .


rt co


t expe d onde n charitable activities amounted to £633,70 . This was e ease on 2007 wher


1 e the amou sts to


where costs totall Fun


£166,49 , a 3.16% decreas £171,925


d Mana 0 .


talle


support costs amounted to £73,978. Governance costs f


d £81,196 o h e


ed £3 gement fees e


r te yar to 8,373.


nt expen ed o d


, a 9.76% incr talle


007 wher d £43,238 8 n ch aritabl


, namly the costs of gen ratin e on 2


e cost


ease on the 2007 total w ere , a 12.6% incr e


e activi h


g funds, amou ties wa


ease on 2007 nted to


s of generating funds amounted to


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.


£633,701


£100,000.00 £200,000.00 £300,000.00 £400,000.00 £500,000.00 £600,000.00 £700,000.00


£0.00


Charitable Activities


Table 1 APPLICATION PROCEDURE


The majority of applications for assistance are considered by the Trustees four times a year in March, July, September and December.


The Trustees welcome applications for funds from educational establishments with a hospitality department; industry associations and organisations with specific educational projects; and individuals who are undertaking a hospitality degree/postgraduate course or a craft course. The Trustees are especially keen to help initiatives that avoid duplication with other projects and encourage organisations, where feasible, to work together. The Trustees believe wholeheartedly in helping well


7


Support Costs Governance Costs


Costs of Generating Funds s


£166,490 £81,196 £43,238


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