INVESTMENT C MMITT O
EE
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 and asset allocation.
PUBLIC BENEFIT STATEM ENT
The Trustees acknowledge that education is the most powerful tool there is in achieving social justice. 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 objectives and activities and the activities, achievement
sections of this review are carried out for the public benefit and clearly meet the two key principles of public benefit.
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.
ENVIRONMENTAL P LIC O Y A responsible attitude is adopted with regard to environmental/green issues.
resources is kept to a minimum and as far as is practicable recycled products are used. Whenever possible energy is conserved and a recycling operation is in place for all office materials.
Wastage of natural Further
reference on the Trust’s environmental policy in relation to its grant giving appears in the section dealing with the application procedure.
TRADEMARK REGISTRATION
The logo and wording ‘The Savoy Educational Trust’ are registered trademarks. Grant recipients are provided with specific protocols which they must follow should they wish to display the logo and name on any marketing and PR material for projects for which they have received funding.
OBJECTIVES AND ACTIVITIES REVI
EW OF THE YEAR
The hospitality and tourism industry is an extremely diversified and dynamic sector which now accounts for 4.5% of the UK’s total economic output. The visitor economy is estimated to contribute over 8% of Gross Domestic Product (GDP), approximately £115bn.
fifth biggest employer and continues to be a massive creator of new jobs. In their 2010 State of the Nation Report, People 1st, the Sector Skills Council for hospitality, leisure, travel and tourism, highlighted some key statistics:-
The hospitality industry is the s and performance
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