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STRUCTURE, GOVERNANCE AND MANAGEMENT C


ONSI TITTU ON


The Savoy Educational Trust was constituted under a Trust Deed dated 26th April 1961 and established by four directors of the then Savoy Hotel Limited as an unincorporated grant making charitable trust for educational purposes, mainly though not exclusively, in relation to the hospitality industry.


G VR NCE A D MNAGME OE NA N A E NT


The Trust’s deed prescribes its objectives and sets out a framework under which the Trustees and administrative staff govern the Trust’s affairs. The Trustees are appointed in accordance with the Trust Deed and are aware that they are responsible for the overall direction, effectiveness, supervision and accountability of the Trust.


The day to day management of the Trust is delegated to the Chief Executive who is self-employed and works on a part-time consultancy basis and the Secretary/Administrator who is an employee of the Trust. The accounting function for the Trust is outsourced and from the 1st February 2013 the function transferred from SRJ Accounting Services Limited to The Trust Partnership.


T UTE R SES


The Trustees who served during the year were as follows:- Ramon Pajares, OBE, FIH(


C ir n) hama


Robert Davis, DL, MA (Cantab) Stuart May, FIH Michael Stapleton Richard Turpin, MBE, FIH


Trustees are appointed by invitation from the existing Trustees to serve a 3 year term of office, but may be re-elected for succeeding terms. Terms of office were introduced to enable the Trust to continually review the skill set of the Trustees in order to maintain a board with the relevant experience, empathy and knowledge of the Trust and its activities.


In accordance with good governance the Trustees also consider it appropriate to rotate the role of Chairmanship. The role commences at the start of each financial year having been voted upon by the Trustees at one of their quarterly meetings. The appointment is for an initial term of one year, although this can be extended if it is the wish of the Trustees.


Potential Trustees will receive background information on the Savoy Educational Trust which will include the Trust Deed, Minutes of Meetings, Annual Report and Accounts and documentation on what is expected of them under charity law, with particular reference to charity commission guidance publications such as CC3 ‘Responsibilities of 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 policies and practices of the Savoy Educational Trust.


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.


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