5 I VSME T CO MTE NET N M ITE
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.
PU LI B C BE FT SA ME T NEI T TE N
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 o
bjcivs a RS SES N et e nd at IK ASSME T
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.
E R NVI ONME A O C NT L P LIY
A responsible attitude is adopted with regard to environmental/green issues. Wastage of natural 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. Further reference on the Trust’s environmental policy in relation to its grant giving appears in the section dealing with the application procedure.
T ADMAR E I TR O R E K RGS ATI N
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 R
E E VIW O H E F T E YAR
In their 2013 ‘State of the Nation Report’, People 1st, the Sector Skills Council, report that the hospitality and tourism sector accounts for more than 2 million jobs which equates to 1 in 14 workers across the UK and the latest figures show that the workforce currently stands at 2,076,000. Increases in employment opportunities within the sector are higher than the average across the economy as a whole and demonstrate the resilience of the sector in the face of the economic downturn. As the hospitality and tourism sector continues to grow and other sectors contract, its relative importance to the UK economy is increasing. It is playing a critical role in helping people into
civit sand the at ie civit s c ve e s a e rmnc
sections of this review are carried out for the public benefit and clearly meet the two key principles of public benefit.
ie, ahie mnt nd prfo a e
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