SAVOY EDUCATIONAL TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR 1ST APRIL 2020-31ST MARCH 2021

Page 2

2 Pages

CONTENTS

2

CHARITY INFORMATION

3

STRUCTURE, GOVERNANCE AND MANAGEMENT

4-6 4 4 4-5 5 5 6 6 6

Constitution Governance & Management Trustees Investment Committee Public Benefit Risk Assessment Environmental Policy Trademark Registration

OBJECTIVES AND ACTIVITIES

7-14 7-13 13 14

ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE

14-50 14-33 33-34 34-45 45-48 49 50

FINANCIAL REVIEW AND RESULTS

50-54 50-51 51 51 51-52 52-53 53 53 53-54

PLANS FOR THE FUTURE

54-55 55

AUDITOR REPORT

56-57

STATEMENT OF FINANCIAL ACTIVITIES

58

BALANCE SHEET

59

STATEMENT OF CASHFLOWS

60

NOTES TO THE ACCOUNTS

61-67

Review of the Year Application Procedure Aims and Strategic Objectives Educational Establishments (Schools, FE & HE) Professional/Trade Associations Charitable Organisations Competitions/Prizes Graphical Analysis of Activities Evaluation Procedure and Process Financial Analysis of the Year Fund Management Investment Policy and Objectives Investment Performance Socially Responsible Investments Reserves Policy Covid-19 – Problems/Risks Trustees Responsibilities Strategy and Governance

Photographs on front cover: Students on the ‘High Achieving Programme’ at Runshaw College; The Springboard Charity ‘Springboard to 2022’ initiative


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