**SAVOY EDUCATIONAL TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR 1[ST] APRIL 2024 - 31[ST] MARCH 2025**
**CHARITY NUMBER 1161014**
1
## **Table of Contents**
Charity Information ........................................................................................................................................................ 3 Chair’s Introduction ........................................................................................................................................................ 4 Report of the Chief Executive ......................................................................................................................................... 5 Objectives and Activities ................................................................................................................................................ 7 Review of the year .................................................................................................................................. 7 Organisations supported by the Savoy Educational Trust ......................................................................... 7 Strategy and Funding Priorities ................................................................................................................ 8 Income and Expenditure ......................................................................................................................... 8 Application and Evaluation Procedure ..................................................................................................... 8 Grants awards in the year under review ....................................................................................................................... 10 Educational Establishments (schools, colleges and universities) ............................................................ 10 Charitable Organisations, Non-Profits and Industry Associations ........................................................... 19 Competitions/Awards ............................................................................................................................. 29 Graphical Analysis of Activities ............................................................................................................. 33 Structure, Governance and Management .................................................................................................................... 34 Our Purpose .......................................................................................................................................... 34 Public Benefit Statement ......................................................................................................................... 34 Governance and Management ................................................................................................................. 35 Trustees and Trustee Recruitment & Training ......................................................................................... 35 Investment Committee ........................................................................................................................... 36 Risk Assessment ................................................................................................................................... 36 Environmental Policy .............................................................................................................................. 37 Financial Review and Results ....................................................................................................................................... 37 Financial Overview ............................................................................................................................... 37 Fund Management ............................................................................................................................... 37 Investment Policy and Objectives .......................................................................................................... 38 Investment Performance ...................................................................................................................... 38 Reserves Policy .................................................................................................................................... 39 Going Concern ..................................................................................................................................... 40 Statement of Trustees Responsibilities .................................................................................................. 40 Independent Auditors Report ....................................................................................................................................... 41 Statement of Financial Activities .................................................................................................................................. 44 Notes to the Accounts.................................................................................................................................................. 47
_**Front cover images (clockwise from top left):** Winner of 2025 Young Chef Olympiad from Westminster Capital College; Training Kitchen at Loughborough College; Trainee at Fair Shot Charity; Graduates of Hotel School Charity; Trainees of Get Fed Coffee CIC_
2
## Charity Information
_**Trustees:**_ **Howard Field FCA FIH FHOSPA** _**(Chair of Trustees)**_ **Robert Davis MA (Cantab) MBE DL Professor Peter A Jones MBE DSc (hon) FCGI FIH FRACA Stephen Lowy Dr Sally Messenger FIH David Taylor MI FIH William J Toner MBE FIH** _**Grants & Trust**_ **Louise Hewitt** _**Executives:**_ **Dr Sarah Tunstall** _**Chief Executive:**_ **Angela Maher FIH** _**Trust Accountants:**_ **The Trust Partnership** _**Charity Registration No.**_ **1161014** _**Place of Registration:**_ **England and Wales** _**Principal Office:**_ **6 Trull Farm Buildings, Tetbury Gloucestershire, GL8 8SQ Telephone: 01285 841 900 E: info@savoyeducationaltrust.org.uk W: www.savoyeducationaltrust.org.uk** _**Investment Advisors:**_ **Cazenove Capital Management 1 London Wall Place, London, EC2Y 5AU Rathbones Investment Management 30 Gresham Street, London, EC2V 7PG** _**Auditor:**_ **RSM UK Audit LLP Portland, 25 High Street, Crawley, West Sussex, RH10 1BG** _**Solicitors:**_ **Macfarlanes LLP 20 Cursitor Street, London, EC4A 1LT** _**Bankers:**_ **The Royal Bank of Scotland PLC, London Drummonds Branch 49 Charing Cross, London, SW1A 2DX**
3
## Chair’s Introduction
I am pleased to present the Savoy Educational Trust Annual Report of the Trustees for the financial year ending 31st March 2025.
It is a privilege to Chair such a remarkable charity, which for over 60 years has supported individuals in gaining the skills and competencies needed to succeed in the hospitality industry. As Trustees, we are deeply committed to fostering excellence and professional growth within this vibrant and essential sector of the UK economy. Through our grant-making, we provide crucial support to organisations that deliver high-quality education and training to the next generation of hospitality professionals.
This year, I am delighted to report a significant increase in both the number and value of grants awarded. The Trust supported 80 projects, distributing over £2.4 million in funding. While we continued to invest in longestablished organisations delivering training across the UK, we also expanded our support to a number of new initiatives. A particularly meaningful development was the launch of an educational and professional development scholarship in memory of the late Ramon Pajares — hotelier and former Chair of the Trust. Administered by the Royal Academy of Culinary Arts, this scholarship honours his lifelong dedication to training young hospitality professionals and will serve as a lasting legacy.
Another memorable moment this year was our invitation to the King’s Garden Party, in recognition of our longstanding contribution to education and training. I was pleased to attend with our Chief Executive and two of our grant beneficiaries, Daniela and Chloe. It was a joyful occasion, and a celebration of the many individuals and organisations making a positive difference.
Looking ahead, our role as Trustees is to remain informed, proactive, and responsive — ensuring that the Trust continues to support impactful work, reward excellence, and meet the evolving needs of our society. To this end, we have been developing a new five-year strategy. This forward-looking plan reaffirms our core commitment to education, skills, and training, with a renewed focus on supporting those who aspire to longterm, professional careers in hospitality. It sets an ambitious course that will help ensure our funding delivers the greatest possible impact.
In closing, I extend my sincere thanks to our dedicated Board of Trustees and Executive Office Team for their unwavering commitment. We are also immensely grateful to the many organisations we partner with, and to those who deliver the important projects we fund — your work is deeply valued and appreciated.
Howard Field Chair of Trustees
4
## Report of the Chief Executive
This year has been an especially exciting and transformative one for the Trust, marking a major milestone in both our grant-making activity and strategic development.
We awarded over **£2.4 million** in funding across **80 grants** , representing a significant increase from **£1.99 million** in 2023–24. This growth underlines our continued commitment to addressing both the current and future skills needs of the hospitality sector.
A particularly encouraging development has been the rise in the number of grants awarded to **first-time applicants** to the Trust. Reaching new audiences has allowed us to broaden our impact and support a wider range of organisations delivering vital hospitality education and training.
**Education** remains a cornerstone of our mission. Our school-based initiatives play a pivotal role in inspiring young people to explore hospitality as a viable and rewarding long-term career. Through partnerships with organisations such as **Springboard** , **Cornwall Hospitality Collective CIC** , and the **Manchester Hoteliers Association (Hospitality Connect)** , thousands of pupils are being introduced each year to the dynamic opportunities within the sector—helping to shift perceptions and highlight the potential for fulfilling professional pathways.
Our support for **further and higher education** institutions also continues to make a tangible difference. Grants have enabled vital investment in training kitchens and on-campus restaurants, ensuring that students learn in environments that mirror industry standards. We’ve also funded a broad range of **field trips** and **employer engagement activities** , enriching students’ education and deepening their understanding of real-world hospitality careers. Additionally, targeted hardship funds have helped many students facing financial challenges to complete their studies successfully.
Equally vital is our support for **charitable organisations and industry associations** working with a diverse range of beneficiaries. Through our funding, hundreds of individuals—many from disadvantaged or marginalised backgrounds—have gained life-changing opportunities to build new skills and access employment in a welcoming and inclusive industry.
We also continue to champion **professional development** through **scholarships, competitions, and prizes** , helping those already committed to hospitality careers reach their full potential. This year, we were proud to launch **three new scholarships** : two with **HIT Scotland** and the **Ramon Pajares Excellence Scholarship** in partnership with the **Royal Academy of Culinary Arts** , established in honour of our former Chair as a lasting legacy.
Looking ahead, our collaboration with **The Cranfield Trust** has been instrumental in shaping a comprehensive new **five-year strategy** . This strategic review has clarified our vision and will guide a more focused and impactful approach to grant-making. Going forward, we will prioritise projects that deliver measurable outcomes—particularly in **employment** and **qualification attainment** —while continuing to support initiatives that create **positive social impact** through hospitality training. This balanced approach will ensure we meet immediate community needs while also helping to build the skilled workforce our industry requires.
I hope you enjoy reading our annual report and learning more about the wonderful organisations we support. Together, we are not only shaping brighter futures for individuals, but also helping to build a more inclusive, resilient, and vibrant hospitality industry for generations to come.
Angela Maher Chief Executive
5
## **2024-25 £2,415,457 AWARDED IN GRANTS Supporting educational institutions, charitable organisations, industry bodies and hospitality competitions**
**Schools 17 grants – £391,508 FE Colleges 13 grants – £274,638 Universities 5 grants – £76,719 Charitable Organisations & Industry Associations 32 grants - £1,500,634**
**Competitions and Prizes 13 grants - £171,958 Geographic Reach In 2024-25, our grants supported hospitality talent across all four nations of the UK**
6
## Objectives and Activities
## Review of the year
## The Savoy Educational Trust’s year at a glance
Demand for Trust funding remained strong this year, with an increase in both the number of applications received and the overall amount of funding requested. During the year, Trustees increased the number of grants awarded compared to previous years, enabling us to support more organisations and reflecting our commitment to addressing both immediate and future skills needs across the hospitality sector.
Trustees distributed 80 grants totalling over £2.4 million, including several multi-year awards (term grants). Term grants are awarded on the condition that clear impact measures are in place, and all such projects are closely monitored to ensure they are delivering on their intended outcomes. Grants were awarded to 17 schools, 13 further education colleges, 5 universities, 32 charitable organisations/industry associations/non-profits, and 13 initiatives linked to industry competitions and awards.
## Organisations supported by the Savoy Educational Trust
The Trustees invite applications from educational institutions with hospitality departments, as well as from industry associations and charitable organisations/non-profits undertaking hospitality-related educational projects. They are committed to supporting well-planned, balanced, and sustainable initiatives that have the potential to deliver meaningful, long-term impact for the hospitality sector.
A breakdown of the grants awarded, the value and percentage of funding appear below:-
- **17 Schools with grants totalling £391,508 – 16.2%**
- **13 Further Education Colleges (FE) grants totalling £274,638 – 11.4%**
- **5 Universities (HE) with grants totalling £76,719 – 3.2%**
- **32 Charitable organisations and Industry Associations with grants totalling £1,500,634 – 62.1%**
- **13 Competitions and Awards with grants totalling £171,958 – 7.1%**
Grants were awarded to **35 Educational Establishments (schools, FE colleges and Universities)** for a variety of projects to enhance and enrich the quality of students’ hospitality education and provide realistic training facilities. This allows these institutions to continue to play a leading role in delivering the vocational and professional skills required for the success and growth of the UK catering and hospitality industry. The provision within educational settings of industry-standard learning environments allows for the smooth transition from education to the workplace. Our funding for schools and school-related projects also ensures that young people are aware of the wide range of rewarding careers that are available in the hospitality industry at an early stage in their academic journey.
Grants were also awarded to **32 Charitable/Not-for-Profit Organisations and Industry Associations** for a wide range of hospitality-related projects, representing a significant increase in funds awarded in this area. A wide variety of charities were supported, including those that provide hospitality training for disadvantaged and/or marginalised groups, supporting them to improve their lives and become economically independent. Trustees are mindful that they wish their grants to have long-term impact and this is a consideration when awarding grants. This means providing access to CPD opportunities for those that are committed to a long-term career in the sector, and trustees continue their support of scholarships awarded by the Innholders Charitable Foundation and HIT Scotland.
Trustees feel it is important to support initiatives that attract young people to careers in the hospitality industry, and to encourage those studying at college/young professionals to further develop their skills through competition and awards programmes. In the year, **13 Competitions/Awards** were supported by grants from the Trust.
7
## Strategy and Funding Priorities
During the year Trustees engaged the services of The Cranfield Trust to help them review their grant-making priorities and develop a 5-year strategy. Engaging an external consultant with expertise in charity strategy (on a pro bono basis) was invaluable, and having an external perspective on how we deliver value for our beneficiaries allowed us to reflect on how we can make a long-term positive difference in hospitality education and training. This new strategy sets out an ambitious and forward-thinking vision and operational plan for the Trust that is aligned with our charitable objectives and will allow us to better monitor the impact of our funding. The priority for the coming years reflects Trustees’ ambition for their funding to make a material difference for the hospitality sector, and greater focus will be on supporting those projects and initiatives that educate and train the professional skills of those who wish to pursue a long-term career in the sector. Trustees will continue their support of hospitality projects that have a mainly social impact through hospitality training, but more emphasis will be given to those projects that lead to professional qualifications and awards, and those that can demonstrate their beneficiaries are able to gain/sustain long-term employment in the sector.
We continue to work proactively with key stakeholders and to explore opportunities for collaboration between the organisations and projects we fund. The Trust is in a unique position to provide information and share knowledge with and among those who are doing amazing work in the education and training arena, and to encourage cooperation between organisations delivering similar projects or serving the same communities.
## Income and Expenditure
**For this year, the total investment income for the Savoy Educational Trust amounted to £1,449,961** (2024: £1,453,360). **Costs of raising funds** , namely fund management fees, totalled **£251,699** (2024: £233,487). **Grants awarded** totalled **£2,415,457** (2024: £1,991,595). **Support and Governance costs** totalled **£211,088** (2024: £221,826). The investment income, grants awarded, support and governance costs, and costs of raising funds are illustrated in Chart 1 below.
_**Chart 1**_ **Comparison of Income and Expenditure for the past two years**
**==> picture [396 x 178] intentionally omitted <==**
**----- Start of picture text -----**
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
Investment Income Costs of Raising Grants Awarded Support and
Funds Governance Costs
Year End 2024 Year End 2025
**----- End of picture text -----**
## Application and Evaluation Procedure
## Application Process and Procedure
The Trust endeavours to make the application and evaluation process as straightforward as possible. Detailed information and advice on making an application is provided on the website and includes information on what we fund and requirements for matched funding. All potential applicants are required to complete an online eligibility quiz. This screens prospective applicants to ensure they have the appropriate organisational status and that their project/initiative falls within the remit of the Trust. Applicants applying for under £10,000 who meet the initial screening criteria are automatically directed to the application form. Applicants applying for over £10,000 are directed to an online expression of interest (EOI) form which requires them to provide further details of their
8
proposed project. The Executive Team assess all EOIs in line with Trust funding priorities and grants budget (consulting with trustees as appropriate) before inviting an application.
Applications for assistance are considered by the Trustees at their Board meetings. In the year under review applications were considered in June, September and December, with the March meeting given over to strategic planning. There is also a Grants Sub-Committee whose remit is to consider small grant applications of up to £10,000. The maximum the Grants Sub-Committee can award in any one financial year is £150,000, albeit with some flexibility subject to prior agreement of Trustees.
The Trust has a website, **www.savoyeducationaltrust.org.uk** , containing full details on the Trust and its activities, together with details on how to apply for funding.
In regard to the environment, all applications and supporting documents are submitted via email. In addition, when applying for funding, especially towards a kitchen/training restaurant or equipment, the applicant will need to demonstrate that consideration has been given to reducing carbon footprint and that the equipment selected is as environmentally friendly and energy efficient as possible.
## Evaluation Process and Procedure
The Trustees are aware that ultimate responsibility to ensure charitable funds are spent appropriately, including being used as expected by the recipients, lies with them. They consider that systematic evaluation of a project is important for a formal analysis of what has been achieved, for a chance to reflect on the experience, and to inform future work that might be undertaken. The interim monitoring and end of grant reviews help to measure impact and performance and to identify whether the targets and outcomes outlined in the application for funding have been met.
The monitoring and evaluation process includes attendance by Trust personnel at project meetings, site visits, completion of the Trust’s evaluation form/written progress reports, social media, and photographs from grant recipients. It should also be stated that the Trustees will only consider repeat funding for a project/initiative where the recipient can demonstrate that the funds awarded have (a) been applied as intended; (b) met the specified objectives; and, (c) have gone some way in making an impact or difference to the ultimate beneficiaries. Should it become evident during the evaluation process that a project funded by the Trust is unlikely to proceed, the recipient is asked to return the grant. This is also the case if part of the grant remains unspent. The Trust always tries to engage with grant recipients where circumstances are difficult or where a change in use of funds is requested. This degree of flexibility will continue to be shown on the understanding that the recipient enters into a meaningful dialogue with the Trust.
Unfortunately, despite best endeavours to support grantees it is not always possible to reach a positive outcome and in the year under review the evaluation process culminated in the following:-
- The sum of £26,428 was written back into the accounts for an unspent grant awarded to Leeds City College in the year ended 2023. The College was unable to complete the project for which the grant was allocated.
Some grants are awarded on a multi-year basis. In the main, these are for a period of three years and usually not more than five. Term grants are contingent on an annual review process (or a period as set out in the grant offer). This reflects the obligations placed on the recipients of these grants to meet specific conditions in order for subsequent funding instalments to be released.
When evaluating projects and measuring their impact, the Trustees acknowledge that in some cases their grant is one part of a funding mosaic and we cannot therefore take sole credit for the project outcomes. As stated above, Trustees are aware that some projects are subject to change due to unforeseen circumstances. The Trust’s Executive Team continue to monitor all projects and work closely with grant recipients to offer guidance and support and to gain an understanding of what is going on and what is needed in order to aid the satisfactory conclusion of all projects supported.
9
## Grant awards in the year under review
In the year under review, **grants awarded** amounted to **£2,415,457** (2024: £1,991,595).
## Educational Establishments (schools, colleges and universities)
The Trustees firmly believe that supporting educational establishments remains a vital part of their grant-giving strategy. It is from within these institutions that the future talent of the hospitality industry will emerge, and it is essential that students’ experiences on the path to employment are both inspiring and enriching. However, persistent budget pressures across the education sector continue to impact vocational subjects like hospitality, often leaving schools and colleges without the resources needed to deliver high-quality, relevant training. These limitations can affect their ability to provide industry-standard courses, modern facilities, or the kinds of enrichment opportunities that add real value to a young person’s learning journey. Through targeted grants, the Trust aims to help bridge that gap. The following pages detail the grants awarded to educational establishments during the year, including a summary of each project.
**In the period under review, the Trustees awarded grants totalling £391,508 to 17 schools** (2024: £323,073 to 11 schools) **for the following projects:-**
## **Abraham Moss Community School**
## **£50,000**
Abraham Moss Community School in Manchester, part of The Dean Trust, is based in an area of high deprivation. They have seen a growing interest in hospitality and catering, with 150 students enrolled at GCSE from September 2024 and a further 300 pupils studying Cooking and Nutrition in Key Stage 3. The school has worked with Crowne Plaza Manchester for three years and is part of the SET-supported Hospitality Connect project. A grant was awarded to refurbish two outdated food rooms, including full replacement of kitchen facilities and equipment, to accommodate up to 25 pupils per class. The school is committed to promoting careers in the hospitality sector.
## **Beamont Collegiate Academy**
## **£13,539**
Beamont Collegiate Academy in Warrington, Cheshire, is an 11-16 school serving a socio-economically diverse area where nearly 50% of pupils receive free school meals. The grant allowed the school to upgrade its food room facilities to create a modern, inclusive, and efficient learning environment. The project includes replacing outdated equipment, improving accessible workstations, installing energy-efficient appliances, and adding modern technology. This upgrade aims to support the school’s commitment to hospitality and catering education and to increase student participation in the subject, benefiting the future hospitality workforce.
## **Boston High School**
## **£40,000**
Boston High School is a selective girls’ academy in Boston, Lincolnshire, with 833 students. Around 360 pupils study Food and Nutrition at Key Stage 3, with 37 taking Food Preparation and Nutrition at Key Stage 4. The school also offers a Food and Nutrition module for Health and Social Care A-Level students and runs after-school cooking clubs. A grant was awarded to refurbish their over 30-year-old food room, which is in poor condition. The upgrade is needed to support increasing GCSE Food numbers and help prepare students for careers in hospitality.
## **Bothwellpark High School**
## **£8,000**
Bothwellpark High School is a non-denominational secondary school supporting pupils with complex additional needs through a multi-sensory, experiential curriculum. A grant was awarded to purchase a coffee cart to create a school café, where pupils can develop real-life barista and hospitality skills such as taking orders, handling money, and making drinks. The project supports employability by offering practical work experience and aims to help pupils achieve volunteering and employment opportunities in hospitality. It also fosters community engagement through inclusive events and is supported by a partnership with the Springboard Charity.
## **Cardinal Wiseman Catholic School**
## **£45,000**
Cardinal Wiseman is an 11-16 school in Kingstanding, Birmingham, an area of high deprivation. The school aims to raise pupil aspirations to continue education beyond 16, especially in practical subjects like Food Technology. A grant was awarded to refurbish the Food Technology classroom, including replacing furniture and equipment, updating flooring, electrics, and plumbing to meet safety standards. The refurbishment will increase seating and
10
## **Padgate Academy – Enhancing learning through state-of-the-art facilities**
Padgate Academy is a co-educational secondary school in Warrington, committed to delivering inclusive and inspiring education. Thanks to a grant from the Savoy Educational
Trust, the school has transformed its specialist food room into an industry-standard, inclusive space that is already enriching student learning, widening community engagement, and supporting progression into hospitality careers. This investment allowed the school to install state-of-the-art equipment, including a 360° demonstration camera, bespoke workstations, and upgraded appliances, improving both safety and functionality. These enhancements have significantly boosted the delivery of Hospitality & Catering lessons, enabling all students, including those in the Designated Provision, to access Level 1 and 2 Food Hygiene qualifications.
**A member from the teaching team shared: “Working with the Savoy Educational Trust was a seamless experience from start to finish. The upgraded facilities have exceeded our expectations and are already making a tangible difference to teaching, learning, and student outcomes. We couldn’t be more pleased with the partnership.”**
The official launch of the refurbished kitchen was marked by a visit from celebrity chef Jonny Marsh, who joined members of the Warrington Wolves Foundation to cut the ribbon on the new facility, celebrating its potential to inspire the next generation of chefs and hospitality professionals.
Hospitality students are now achieving the highest Progress 8 score across the school (+0.47), with many going on to further study at Warrington Vale. The upgraded facilities have also supported lots of new initiatives, from hosting local primary pupils at transition events to participating in the Guinness World Record cookery lesson led by Jamie Oliver. In collaboration with Springboard, students also take ae part in FutureChef competitions and attend career days with venues like the Kimpton Hotel.
With these improved facilities, students are gaining the skills and confidence they need to succeed in the hospitality industry and beyond. Reflecting on the impact one student said: **“The new kitchen in C1 has definitely improved the learning experience for us at Padgate. The new 360° camera allows us to see what the teacher is doing from most parts of the classroom without needing to move, new ovens that make the kitchen safer, and updated equipment that enables us to cook a wider variety of dishes during lessons.”**
11
cooking stations, improve food storage, and enable pupils to cook a wider range of dishes. The project supports promoting hospitality as a respected career and strengthens links with Birmingham College of Food.
## **Christopher Whitehead Language College**
## **£7,500**
Christopher Whitehead Language College in Worcester is a mainstream secondary school committed to valuing every student and supporting their success. The Food Technology department offers extra-curricular clubs like baking and masterclass cookery sessions and runs a Street Café Club baking for the local homeless. Students also engage with a vegetable and herb allotment through the Growth Club. A grant was awarded to partially refurbish the Food Technology classrooms by installing 16 new electric ovens and 2 fitted hobs to replace unreliable leased equipment. This upgrade will improve practical lessons and support a growing number of students pursuing qualifications in Food Technology and Nutrition.
## **Danum Academy**
## **£15,788**
Danum Academy in Doncaster, part of the Outwood Trust, serves 709 Key Stage 3 students with a focus on raising standards and developing responsible citizens. A grant was awarded to purchase new equipment for the Hospitality and Catering department, targeting Year 10 and 11 students. The funding will provide safe food storage, a washing machine, and a full range of electrical mixers and cooking equipment. This upgrade aims to increase GCSE hospitality enrolment and encourage students to pursue further education in the industry through the school’s sixth form or local colleges.
## **Lord Wilson School**
## **£8,715**
Lord Wilson School in Southampton is a specialist SEND school supporting young people with social, emotional, and mental health (SEMH) needs. A grant was awarded to refurbish the food preparation facilities and collaborate with local hospitality professionals to develop a curriculum aligned with industry standards. The project aims to equip students with practical food skills and essential soft skills, increasing their opportunities for successful careers and positive post-16 pathways in hospitality and catering.
## **Louth Academy**
## **£8,840**
Louth Academy in rural Lincolnshire is a non-selective school with around 900 students, including a high proportion of disadvantaged and SEND learners. A grant was awarded to purchase essential culinary equipment, such as small kitchen tools and presentation items, to enhance practical cooking skills across Years 7-9 and support 80 GCSE hospitality students. This investment aims to inspire a passion for cooking, promote hospitality as a career, and ensure the long-term sustainability of the programme.
## **Meadows School**
## **£9,076**
Meadows School in Kent is a special day school for pupils aged 7-19 with learning, social, emotional, and mental health needs. Food studies are a compulsory part of the curriculum, with students earning BTECs and professional certifications in food safety and cooking skills. A grant was awarded to purchase essential equipment, including an espresso machine and commercial grinder, to introduce Level 2 Barista qualifications. This will enhance employability for older students by providing professional training within a supportive environment, building on a recent kitchen upgrade funded by the Wolfson Foundation.
## **Padgate Academy**
## **£33,050**
Padgate Academy, part of The Challenge Academy Trust, is a mixed 11-16 school serving 646 students in an area of high deprivation, with over 44% eligible for free school meals. The school offers Hospitality and Catering qualifications and has expanded to two Key Stage 4 groups due to rising demand. They also plan to provide Level 1 and 2 Food Hygiene qualifications for their Designated Provision class. A grant was awarded to refurbish and equip their specialist food room, creating a modern space that promotes healthy living and culinary skills, supporting students to excel academically and prepare for post-16 education and careers in hospitality.
## **Priory Academy**
## **£40,000**
Priory Academy is a mixed secondary school in central Bedfordshire with approximately 800 students aged 9– 16. Originally a middle school, it transitioned to full secondary provision in 2012. Food and Nutrition is a wellsubscribed subject, but the existing food technology room, designed for just 16 students, has limited class sizes to 20 despite increasing interest. A grant was awarded to support the remodelling and re-equipping of the space, enabling greater student access to food education and related career pathways.
12
**£40,000**
## **Saltash Community School**
Saltash Community School in Cornwall is an 11-18 school committed to providing inclusive education. Their 30year-old food room is outdated and limits student learning. A grant was awarded to renovate this space into a modern, functional kitchen that enhances the learning experience and supports the school’s goals of promoting positive life choices and hospitality careers. The upgraded facility is expected to boost student enrolment in hospitality courses and serve as a community hub, supporting local projects while encouraging skill development and career pathways in the hospitality sector.
## **South Dartmoor Community College**
## **£40,000**
Located near Dartmoor National Park, South Dartmoor Community College serves 804 students, including 129 post-16 learners. Committed to supporting every student to reach their full potential, the college plans to convert two former science labs into modern food technology classrooms, complete with a dedicated food preparation area and teacher office. The existing facilities, dating back to the early 1990s, no longer meet current health and safety standards or the demands of increased student interest. In 2023, the college transitioned its curriculum from GCSE Food Preparation and Nutrition to Hospitality and Catering, doubling Year 10 and 11 class sizes. A grant was awarded to support the refurbishment, helping the college meet growing demand and deliver relevant, industry-aligned learning environments.
## **The Illuminare Multi Academy Trust (Harton Academy)**
## **£9,000**
Harton Academy in South Shields is a secondary school and sixth form focused on academic excellence and personal growth. A grant was awarded to upgrade outdated Food Technology equipment, replacing old ovens (only 8 of 12 working) to expand course capacity for GCSE and Key Stage 3 students, and support extracurricular classes. The new equipment will enhance practical learning, improve curriculum delivery, and prepare students for future careers, enriching the Food Technology programme and student engagement.
## **Wellacre Technology Academy**
## **£20,000**
Wellacre Technology Academy in Manchester is a non-selective boys’ secondary school with 692 students. A grant was awarded to refurbish its outdated food room, creating a modern space to accommodate 30 students at KS3 and 25 at KS4. The refurbishment supports the introduction of a Level 2 Hospitality and Catering qualification from September 2025, replacing the current GCSE. With growing interest, 54 students now taking the subject, the school partners with The Alan Hotel, Trafford College, and Springboard to inspire careers in hospitality. The new space will also be used for parent sessions and primary school taster days.
## **Will Adams Academy**
## **£3,000**
Will Adams Academy in Gillingham is an alternative provision secondary school supporting Year 10 and 11 students with social, emotional, and mental health needs. A grant was awarded to replace broken and outdated equipment in their food technology room with professional-grade appliances. This will strengthen delivery of their popular hospitality and catering programme, helping students build essential life skills and better prepare for careers in the hospitality sector.
**In the period under review, the Trustees awarded grants totalling £274,638 to 13 FE colleges** (2024: £429,604 to 9 colleges) **for the following projects:-**
## **Activate Learning (Banbury College)**
## **£10,000**
Activate Learning – Banbury College is part of a further education group that supports learners across Oxfordshire, Berkshire and Surrey through vocational and academic programmes. A grant was awarded to support the re-opening of a second training kitchen at the Banbury campus, enabling the college to increase capacity from 32 to 60 students per year across Levels 1, 2 and 3 in Culinary Skills, as well as introductory sessions for 14–16-year-olds. The funding contributed to essential kitchen equipment including salamander grills, mixers, induction hobs and blenders.
## **Blackburn College**
## **£10,000**
A grant was awarded to support the launch of an Enhanced Scholarly Activity Programme for hospitality students at Blackburn College, a large Further and Higher Education institution in Lancashire. The programme aims to enrich the student experience through specialist masterclasses, employer-led visits, additional work experience opportunities, and activities to raise aspirations and showcase student talent. It is designed to strengthen industry
13
## **Cambridge Regional CollegeSupporting practical learning and community engagement through hospitality**
Cambridge Regional College is a large and diverse further education provider offering vocational and academic pathways to young people and adults across Cambridgeshire and beyond.
**“Since the grant from the Savoy Educational Trust earlier this academic year, we have been able to update the facilities into a modern restaurant that supports the students and wider community through their training and development as industry professionals. Our hospitality and service has been given a fresh energy that matches that of our students’ enthusiasm and pride in their new surroundings.”**
**Jake Piper Chef Lecturer, Cambridge Regional College**
With support from The Savoy Educational Trust, the college transformed its training restaurant, café, and bar area, collectively known as The Park, into a modern, industry-standard space. The refurbishment included the installation of new, professional-grade equipment, a refreshed interior with a more inviting atmosphere, and a layout designed to reflect current hospitality environments. This comprehensive upgrade gives learners a greater sense of pride and ownership, while significantly enhancing the delivery of practical education. The investment has enabled the college to deliver more realistic, inspiring, and industry-aligned training for full-time students, apprentices, and adult learners. In addition to serving the college’s student population, the newly upgraded facilities are regularly used by external groups including the Women’s Institute, COPE Cambridge, local faith communities, and the NHS Trust, who engage in hospitality-led events and partnerships that provide students with valuable, work place service experience. Cambridge Regional College has since been awarded a 1 AA Rosette Gold Standard accreditation by People 1st, in recognition of the professionalism and quality of its
provision. The project has already shown measurable impact in student engagement, retention, and progression into industry. Students are more confident and motivated and the college reports increased attendance, technical development,and community participation. LC
**“Before it almost felt clinical and too sterile… it looked well bleak. Since the upgrades, it honestly feels so much nicer to work in and more inviting. The updates have made the space actually feel like a restaurant and have personally made me feel more confident and comfortable working both here and in the industry.” Jonathan Dean, Level 2 VRQ Diploma Student**
14
links and help address local skills shortages identified in the Lancashire Skills Improvement Plan, with funding contributing towards travel, accommodation and resource costs.
## **Cambridge Regional College**
## **£37,000**
A grant was awarded to Cambridge Regional College (CRC), a further education institution serving students and apprentices in Cambridgeshire. The funding supports the refurbishment of their bar, café, and restaurant training areas. This project aims to provide hospitality and catering students with a modern learning environment that enhances their practical skills and prepares them for industry careers, while also fostering a sense of pride and ownership in their training. Detailed plans were submitted to ensure the development maximises student learning and employability outcomes.
## **Cheshire College South and West**
## **£28,000**
Cheshire College South & West is a further education college with campuses in Crewe, Ellesmere Port, and Chester, serving many learners from areas of high deprivation. The college offers Level 1, 2, and 3 qualifications in Professional Cookery and Front of House Food and Beverage Service, with students training in their awardwinning restaurant, The Academy. A grant was awarded to support a substantial refurbishment of The Academy, funding the purchase of new restaurant furniture and upgrades to kitchen equipment, including pans, mixers, and ovens. This investment aims to enhance the learning environment and better prepare students for successful careers through strong links with high-profile industry employers.
## **Loughborough College**
## **£65,000**
Loughborough College, committed to transforming and enriching lives through lifelong learning, supports students aged 16 and over with a focus on empowering the future workforce. A grant was awarded to renovate their teaching kitchen, replacing outdated gas equipment with modern induction hobs, ovens, a new freezer, kitchen units, and immersive technology. This upgrade will reduce maintenance costs by 50%, enhance the learning environment, and improve the college’s carbon footprint. The teaching kitchen serves over 500 students annually across various Level 2 and 3 Diplomas in Professional Cookery, Culinary Skills, Beverage and Service, and Food Safety. The grant also aligns the kitchen with the recently refurbished training restaurant, which the Trust supported in 2020.
## **Merton College**
## **£13,000**
Merton College, part of the South Thames College Group, has provided further education for over 50 years, offering professional hospitality and catering training to learners aged 16 and above. A grant was awarded to support the replacement and maintenance of kitchen equipment in their production and skills kitchens, as well as the training restaurant. The upgrade includes induction hobs, ovens, refrigeration units, and other essential appliances to ensure an up-to-date learning environment. This investment aims to enhance students’ knowledge and skills, positively impacting their career prospects in the hospitality industry.
## **Oaklands College**
## **£33,830**
Oaklands College, a further education provider in Hertfordshire serving around 10,000 students, is nationally recognised for its outstanding support for learners with special educational needs. A grant was awarded to refurbish The Stables Restaurant, the college’s realistic working environment at the St Albans Campus, and to expand their restaurant and catering offerings. This project aims to modernise facilities to meet current industry standards and diversify the culinary experiences available to students, thereby enhancing their employability and career progression within the hospitality sector.
## **Riverside College**
## **£8,608**
Riverside College, a further education provider with campuses in Widnes and Runcorn, was awarded a grant to support students in purchasing professional kitchen and restaurant uniforms and equipment. This funding ensures that all learners, many from socioeconomically deprived backgrounds, can fully participate in hospitality programmes without financial barriers. The grant covers costs for 40 students, helping to promote equal opportunities and career development within the hospitality industry.
## **South Devon College**
## **£39,200**
South Devon College (SDC) serves around 10,000 students across Torbay, Teignbridge, and the South Hams. The college plays a key role in regional regeneration, particularly within the hospitality and catering sectors crucial to the English Riviera economy. A grant was awarded to support multiple initiatives, including the Junior Chefs Academy for up to 26 young students, culinary workshops and masterclasses, guest speakers, and assistance
15
## - **Loughborough College Elevating culinary training with sustainable, industry-led kitchens**
Loughborough College delivers a wide range of technical and vocational qualifications, with a strong emphasis on industry-standard hospitality and catering training. A grant from The Savoy Educational Trust supported the refurbishment and modernisation of its training kitchens, creating a fully immersive, sustainable teaching space that prepares learners for the realities of modern professional kitchens.
**Chef Lecturer Darren Creed reflected:**
**“The new kitchens have been a gamechanger, and they are key to the development and growth of our students at the Radmoor Restaurant. The updated technology offers students a valuable chance to master the tools they will encounter in the industry, and in turn offer a first-class experience to our diners. Having top-quality tools to work with reflects the real-world skill development we aim for."**
The new state-of-the-art facilities at the Radmoor Centre now feature energy-efficient induction cooking, stainless steel equipment, and KitchenAid mixers, enhancing both safety and sustainability. Each workstation includes a screen linked to a central **we aim for."** demonstration area, allowing chef lecturers to guide students step-by-step in real time, improving both the quality and consistency of learning.
The impact has been significant. Student recruitment has increased to over 70 learners, with retention above 95% and student satisfaction now at 98%. The kitchens also support the award-winning Radmoor Restaurant, where students gain hands-on experience using fresh, local ingredients in a live service environment.
The upgraded facilities have helped attract more commercial and community engagement, while also enabling Loughborough College to further its ambition of ranking in the top 10% of general further education colleges in England.
Students have already achieved national success, with recent accolades including: **Zest Quest Asia Winners 2025** , **Nestlé Toque d’Or (Back of House) Winner** , **Finalists in the UK Young Restaurant Team of the Year** , also winning sustainability and service titles and **Radmoor Restaurant named a ‘Food Hero’** by the Good Food Club Awards
16
for up to 30 C2C (NEET) students entering full-time hospitality courses. It also funds equipment for Junior Chefs Academy students through the Savoy Learner Support Fund, vocational CPD for staff, and enrichment trips locally and to London, providing valuable work experience and development opportunities.
## **West College Scotland**
## **£7,000**
West College Scotland (WCS), one of Scotland’s largest colleges serving a population of 1.2 million, was awarded a grant to expand its ‘Tools of the Trade’ programme. This initiative provides professional culinary knife sets to hospitality students across its three campuses, focusing on those from disadvantaged backgrounds, 40% of WCS students come from Scotland’s most deprived areas. With the grant, WCS aims to increase support from 24 to 80 students, helping more learners overcome financial barriers and own their knives upon completing their studies.
## **Worsley College**
## **£3,000**
Worsley College, part of the SCC Group serving around 5,000 students aged 16-19, was awarded a grant to fund a two-day educational trip to London for Hospitality & Catering students. The trip provides valuable industry exposure through visits to leading hotels, restaurants, suppliers, and food markets, along with a ‘Foodie Tour’ exploring multicultural culinary hubs. This experience aims to inspire students and deepen their understanding of the hospitality sector’s diversity and career opportunities.
## **Yeovil College**
## **£10,000**
Yeovil College, a medium-sized further education provider in South Somerset, was awarded a grant to support its 'Hospitality Horizons' project. The funding will upgrade training facilities with modern culinary equipment such as a barista machine and ice machine, enhance the curriculum, and promote sustainability. These improvements aim to equip students with industry-standard skills, meet growing local demand for hospitality professionals, and support a smooth transition from education to employment at the college’s new campus.
## **York College**
## **£10,000**
York College, the region’s largest provider of A-levels, apprenticeships, vocational, and T-level courses for 16– 19-year-olds, was awarded a grant to refurbish and rebrand their award-winning training restaurant, last updated in 2007. The project includes upgrading the bar area to teach barista skills, mixology, and sommelier training, along with new flooring, décor, tables, and chairs. These improvements will create a first-class learning environment to support current hospitality courses (levels 1 to 3) and the planned introduction of a Level 4 Culinary Arts qualification. With strong local industry partnerships, the college aims to better equip students with the skills needed to succeed in the growing hospitality sector.
**In the period under review, the Trustees awarded grants totalling £76,719 to 5 universities** (2024: £19,484 to 3 universities) **for the following projects:-**
## **Manchester Metropolitan University**
## **£3,375**
Manchester Metropolitan University was awarded a grant to support travel for Hospitality students to two key industry events. The funding will enable 30 second-year students to attend an Assessment Centre at Cameron House in Scotland, gaining practical experience and engaging with hotel professionals to prepare for placements. 50 students will participate in the Institute of Hospitality’s “Hospitality Sets Sail” event in Hull, focusing on careers in the cruise industry through networking, presentations, and ship tours. These opportunities provide valuable experiential learning and enhance students’ skills, industry knowledge, and career prospects within the UK hospitality sector.
## **Oxford Brookes University**
## **£2,500**
A three-year term grant of £7,500 (£2,500 per year) was awarded to support experiential ‘Field-to-Fork' fieldtrips for undergraduate and postgraduate hospitality students, focused on sustainable food systems and socially responsible business practices. Following a satisfactory evaluation of the first year, this is the second payment.
## **Ulster University**
## **£10,000**
A two-year grant of £20,000 was awarded in 2024 to support co-curricular learning experiences for hospitality students at Ulster University’s Belfast Campus. The funding contributes to annual field trips for 50 students, a series of culinary salons featuring visits from internationally renowned chefs, and the implementation of a peer mentoring programme. The grant was subject to receipt of satisfactory annual review/evaluation, and this is the final payment.
17
## **West College Scotland- ‘Tools of the Trade’ Programme**
West College Scotland’s ‘Tools of the Trade’ programme supports vocational hospitality students across its three campuses in Paisley, Greenock and Clydebank. With support from The Savoy Educational Trust, the college provided professional-grade knife sets to 56 students in 2024–25, removing a significant financial barrier and giving them the tools they need to thrive in the industry.
This support enabled learners, many from areas identified as the most deprived in Scotland, to enter placements and employment with confidence and readiness. The project also received funding from the John Mather Trust, allowing a further 27 students to benefit, bringing the total supported to 83.
The programme helped students develop practical skills and feel more confident and equipped for future careers. College staff reported greater engagement and improved attendance among recipients, and employers offered positive feedback on students’ professionalism.
This practical investment not only supports individual learners but strengthens the future workforce of the UK hospitality industry, creating skilled, motivated professionals ready to make an impact.
**West College Scotland’s Development Funding Executive, Gillian Gray, shared:**
**“This programme has had a huge impact, not only has it lifted a financial burden, but it’s also given our students a strong sense of professional identity and readiness. It’s been transformational in helping us level the playing field.”**
“I have recently started a new job as a chef in a golf club, and these knives will come in extremely handy,” said **Level 6 student Bo Saphire Harvey.** “I’ll also be progressing to City of Glasgow College to complete my HND and the knife set will be a great addition to my toolkit.”
**Rodrigo Politi, also studying at Level 6** , added: “The course was very interesting, but the most important thing to highlight is the human quality. I feel more fulfilled both personally and professionally. We are getting closer to that new horizon thanks to you.”
18
**£48,000**
## **University College Birmingham**
University College Birmingham was awarded a grant to support three key initiatives aimed at widening access and nurturing talent in hospitality and catering education. The funding helps sustain the Hardship Fund, which provides uniform, equipment, and travel support to students from low-income backgrounds facing financial barriers. It also supports the Young Chef Academy, a 7-week Saturday programme for 32 aspiring young chefs aged 15–16, promoting culinary skills, sustainability, and progression into further education or apprenticeships. The grant also funds the Young Bakery Academy, a 6-week programme for 32 young bakers and pastry chefs to develop practical skills and passion for the craft.
## **University of West London**
## **£12,844**
University of West London (UWL) was awarded a grant to upgrade the furniture in Pillars Restaurant, a key training and event venue on their campus. This refurbishment will create a modern, welcoming environment that enhances both student learning and guest experience. UWL, recognised nationally for social inclusion and teaching quality, also delivers Junior Chef Academies throughout the year, supported by a Savoy Educational Trust grant via the Geoffrey Harrison Foundation. The improvements will support their ongoing commitment to culinary excellence and hospitality education.
## _**Geographical Breakdown of Grants to Schools, FE and HE Establishments**_
**Chart 2 below shows the number of grants and the amount awarded directly in the year under review to Schools, FE and HE in each of the regions.**
**Scotland – 2 grants - £15,000 Northern Ireland – 1 grant - £10,000 North East - 1 grant - £9,000 Yorkshire & Humber – 2 grants - £25,788 North West – 9 grants - £169,572 West Midlands – 3 grants - £100,500 Wales – 0 grants East Midlands – 3 grants - £113,840 South East – 5 grants - £33,291 South West – 4 grants - £129,200 London – 2 grants - £25,844 Anglia – 3 grants - £110,830**
**Total – 35 grants - £742,865**
## Charitable Organisations, Non-Profits and Industry Associations
**In the year under review the Trustees awarded funding of £1,500,634 to 32 charitable organisations, nonprofits and industry associations** (2024: £1,040,019 to 23 organisations) for a wide range of hospitality-related initiatives. Supporting established industry associations and charities that deliver hospitality education and training projects remains an important part of the Trust’s grant-making and Trustees were pleased to be able to support even more organisations this year. Grants provided by the Trust have directly benefitted thousands of individuals, many of whom have experienced educational, social and/or economic disadvantage. Some will have disengaged from mainstream education, others have experienced homelessness or prison or are in marginalised sectors of society that may receive little support elsewhere. Through such projects they are given the opportunity to undertake practical training and also to study for qualifications that could lead to a long and fulfilling career in the hospitality industry. Trustees are also committed to supporting the continued professional development of
19
## **Manchester Metropolitan University - Expanding career pathways through experiential learning**
With support from The Savoy Educational Trust, students from Manchester Metropolitan University took part in two targeted learning experiences that enhanced their understanding of hospitality careers and opened doors to valuable industry connections.
The first element of the project was a two-day assessment centre experience in Glasgow, delivered in partnership with the Leonardo Hotel Group. Thirty second-year students took part in realistic recruitment simulations as part of their Hospitality Business Entrepreneurship module. Originally scheduled to take place at Cameron House, the venue was changed at short notice, but the new host, The Leonardo Hotel, enabled an excellent experience. The group also visited leading hotels including the Grand Central and Kimpton Blythswood Square for Q&A sessions with staff on industry pathways and graduate roles.
**Pamela Reckert, Senior Lecturer & Programme Leader shared: “Yesterday 50 of our International Hospitality Business Management students attended the fantastic event** _**Hospitality Sets Sail**_ **… The students got to listen to inspiring career journey presentations and find out about the many opportunities available at sea. We had a really interesting tour of the ship, front and back of house, and the students then had the opportunity to network with many different organisations, from cruise ships and ferry companies to the Royal Navy and superyacht groups, to talk about placements, internships, and graduate roles.”**
The second event, _Hospitality Sets Sail_ , hosted by the Institute of Hospitality, took place aboard a P&O Ferry from Hull to Rotterdam. It gave students the chance to explore career options at sea and network with organisations from across the maritime hospitality sector. These activities have already shown strong outcomes. Following the Glasgow visit, several students applied for internships and graduate roles with the Leonardo Group, with two now placed in summer roles. The experiences also boosted academic achievement, with a marked increase in Sales and Marketing module results. One final-year student has begun training for a career in yacht hospitality as a direct result of the Hull event.
These trips not only supported progression and employability but offered meaningful industry engagement, widening students’ perspectives on the many pathways available in the UK and global hospitality sectors.
20
professionals within the sector and, in addition to their continuing support of the Innholders Charitable Foundation scholarships, two new Savoy Educational Scholarships for college students were launched by HIT Scotland and one by the Royal Academy of Culinary Arts. Details of the grants appear below.
## **Artichoke Trust**
## **£4,000**
Artichoke was awarded a grant to support the fourth year of their training programme for catering and hospitality students at New College Durham. This initiative, linked to the renowned Lumiere festival, provides hands-on experience, career mentoring, and employability skills. Since 2019, the programme has benefited 90 students, and in 2025 it will engage a new cohort of 30 students, expanding to include talks by hospitality professionals, workshops, field trips, and paid traineeships at VIP events. Artichoke’s work enhances community engagement and supports young people from underserved backgrounds through large-scale public art events.
## **Beresford Street Kitchen**
## **£5,000**
Beresford Street Kitchen, founded in 2017, provides education, training and employment for people with learning disabilities and/or autism (The Crew). Addressing the lack of opportunities for this group post-18, the charity offers practical experience in a range of catering, hospitality and operations including customer service skills, barista skills and food preparation, as well as supporting social and independence skills development. They conduct over 11,000 training sessions annually, costing £165,000, funded through events, donations and grants. A three-year term grant of £15,000 was awarded, with each payment subject to satisfactory annual review/evaluation. The grant awarded will secure 333 additional workplace training sessions per year. This is the second payment.
## **Cornwall Hospitality Collective CIC**
## **£10,000**
The Cornwall Hospitality Collective (CHC), a membership-based community interest company, supports hospitality staff wellbeing, development, and retention through funded training, events, and mentorship schemes. It also runs school engagement activities, including talks, workshops, and careers fairs to inspire young people to pursue hospitality careers. Since launching in October 2023, CHC has reached 6,466 students by partnering with employers and educators who adopt local schools. A grant was awarded to help CHC purchase their own equipment, enabling them to expand these activities across Cornwall’s secondary schools without logistical challenges, aiming to engage 70% of schools and strengthen the local hospitality workforce.
## **Elgin Youth Development Trust**
## **£4,500**
Elgin Youth Development (EYD) is a charity in Moray, Scotland, providing a safe, inclusive space for young people facing significant challenges. Through youth work and employability programmes, EYD supports unemployed 16-24 year olds with paid work placements in their training café, offering hands-on hospitality experience and tailored development plans. The programme aims to help 20 marginalised young people gain confidence, skills, and sustainable employment in hospitality, targeting high rates of soft skills improvement and positive employment outcomes. A grant was awarded to support this impactful employability initiative.
## **Fair Shot Charity**
## **£10,000**
Fair Shot Charity supports marginalised young adults with autism and learning disabilities through a supported internship programme that helps them gain real work experience and move into paid employment. The programme trains 15 young adults annually (aged 16-25) in a café setting in Covent Garden, combined with classroom support from Mencap, addressing the high unemployment rate among this group. Over five years, they aim to help 60-75 graduates' transition out of unemployment into sustainable jobs. A grant was awarded to support the delivery of this programme for the academic year 2024-2025.
## **Get Fed Coffee CIC £7,500**
Get Fed CIC is a community interest company based in South Northamptonshire, supporting young people aged 13-19 at risk of exclusion or exploitation. They provide an alternative to traditional schooling by teaching business and barista skills through their coffee van, helping vulnerable youth avoid criminal activity and build employability. Working with around 50 young people annually, Get Fed receives referrals from schools and social workers and has gained media attention, including BBC news. A grant was awarded to support the purchase of a small, fourwheeled coffee van to replace their existing trailer, improving efficiency and enabling them to expand their reach.
21
## **Cornwall Hospitality Collective – Inspiring the next generation of talent in Cornish hospitality**
The Cornwall Hospitality Collective (CHC) is a community-led group focused on promoting hospitality careers in Cornish schools through talks, workshops, demonstrations, and careers fairs. With support from The Savoy Educational Trust, the Cornwall Hospitality Collective (CHC) has delivered a dynamic programme of school engagement activities across Cornwall, encouraging more young people to explore hospitality careers.
**Leanne Sherwood, from Penair School commented:** “ **The Collective Café was an incredible experience for our students, the support they received from the Collective was outstanding. It was fantastic to be joined by so many industry professionals who were able to guide and support our students. They all grew in confidence, building their skills and ability over the eight weeks to deliver a fantastic pop-up café for their teachers, family and friends.”**
Funding enabled the purchase of specialist equipment and ingredients to enhance CHC’s activities and to deliver the programme for students in Years 9–11. These sessions have been really successful and have increased take up of hospitality, food technology, and tourism at GCSE level, as well as boosting interest in apprenticeships and post-16 educational programmes at local colleges.
Between June 2024 and June 2025, CHC engaged with 18,392 students across the county. The grant also supported the Collective Cafe programme, a four-lesson initiative giving students hands-on experience in barista skills, baking, customer service, marketing, teamwork, and more. The sessions were extremely well received by students and teaching staff, one local teacher from Treviglas Academy summed up the impact:
**“The sessions delivered by the CHC have been really engaging, enabling young people to understand the growing sector in Cornwall, the sessions have enabled students to understand the wide variety of job roles in the sector including those behind the scenes. The CHC has a great network of various employers who have been**
**able to engage students. Many students who are considering apprenticeships post-16 are focused on roles in hospitality.”**
CHC has now established strong partnerships with the majority of secondary schools in Cornwall and continues to support young people in developing skills, confidence, and aspirations for a future career in hospitality.
22
**£10,000**
## **Hackney School of Food**
Hackney School of Food is a food education hub in Hackney, East London, teaching children and the community how to cook and grow nutritious food. Since becoming a CIC in 2023, they are converting an unused building into a multifunctional space for cooking, food growing, and hospitality activities, allowing year-round programming. They received a grant to support furnishing the new space with kitchen appliances, storage, lighting, and furniture, helping them expand their community outreach and educational impact.
## **Hospitality Action**
## **£50,000**
In 2023/24, the Trust awarded a three-year term grant to Hospitality Action totalling £100,000 to support the creation of a full-time Benefits Advocacy Advisor role. This builds on our previous funding towards the development of the charity’s Advice Hub, a key online resource offering practical and emotional support to hospitality workers. With demand for support at record levels, this new role will focus on providing personalised guidance to individuals in financial difficulty, helping them access their full benefits entitlement and improve longterm financial stability. The first instalment of £50,000 was released following confirmation of the advisor’s appointment, with two further payments of £25,000 to follow annually dependent upon satisfactory annual evaluation reports.
## **Hospitality Industry Trust (HIT) Scotland**
## **£40,000**
HIT Scotland Charity, celebrating 30 years of supporting the hospitality industry, has awarded over 7,000 scholarships and 15,000 bursaries to students and professionals in Scotland. Supported by the Trust for the past 20 years, they received a three-year term grant and will establish two new scholarships in the Trust’s name this year. These scholarships focus on developing craft skills for student chefs and enhancing data-driven customer experience learning. They will be offered annually across all 19 further and higher education institutions in Scotland, complementing HIT Scotland’s existing bursary and scholarship programmes. The funding is dependent upon satisfactory annual evaluation reports. This is the first payment.
## **Hotel School**
## **£107,633**
Hotel School provides hospitality training to people experiencing homelessness, refugees, and vulnerable individuals, primarily through referrals from related charities. Founded by The Goring and The Passage, it offers three 10-week programmes annually with up to 15 students per cohort. Graduates are matched with over 50 Employer Partners for work experience and ongoing support. The Trust awarded a grant to cover training, travel, student support, and part of staff salaries. Funding will also support hiring an additional Programme Coordinator to enable strategic growth and increase trainee numbers.
## **Innholders Charitable Foundation**
## **£47,405**
The Innholders Charitable Foundation runs the prestigious Innholders Scholarship, supporting middle managers in the hotel industry to advance their careers. Recipients receive funding to attend either the General Manager’s Programme at Cornell University, USA, or the Talent Development Programme at Cranfield University, UK. Now in its 25th year, over 320 scholarships have been awarded, with strong feedback highlighting the significant impact on careers and personal growth. The Trust awarded a grant to support 12 scholarships in 2024-25.
## **Inspire Culture**
## **£25,000**
Inspire Learning is part of Culture, Learning and Libraries (Midlands), operating through three divisions including Inspire College, which provides vocational courses for 16 to 18-year-olds who are NEET, as well as accredited and non-accredited learning for adults and families. Recently partnering with West Nottinghamshire College, Inspire College offers Hospitality and Catering courses with a clear progression pathway. They are developing a new café training facility to give up to 30 learners from disadvantaged backgrounds valuable front-of-house and operational experience, helping them progress to higher qualifications. A grant was awarded to support the fitout and equipment purchase for this café, which will become self-sustaining through sales revenue once established.
## **Inspired Community Group CIC**
## **£7,500**
Inspired Community Group (ICG) works to inspire young people about future career opportunities by providing clear, relevant pathways to help them make informed decisions. They deliver high-quality ‘Motivators’ who engage directly with students, parents, and career influencers to increase motivation and understanding of the world of work. A grant was awarded to support specialist training for twelve additional Motivators, endorsed by
23
the Institute of Hospitality, enabling them to engage with schools regularly. Funding also supports the distribution of ICG’s Careers Guide 2024/25 to students and schools via career hubs.
## **Institute of Hospitality**
## **£47,000**
The Institute of Hospitality (IoH) works to unite professionals, promote best practice, enhance skills, promote networking, and raise the profile of the hospitality, leisure and tourism industry. In the year under review two grants were awarded to the IoH for the following:
## _**Passion 4 Hospitality Conference - £37,000**_
The Institute of Hospitality, the professional body for the hospitality sector, runs the annual Passion4Hospitality (P4H) conference and careers exhibition. Since 2011, over 2,500 students across the UK have attended, benefiting from networking, educational sessions, and industry insights. A key feature is the Best Student Paper Award, open to all hospitality students who submit original work. The Trust awarded a grant to support this event, which includes a £1,000 prize for professional development, a trophy, and a certificate bearing the Trust’s name.
## _**IoH Roundtable events - £10,000**_
A two-year grant of £20,000 was awarded to support the delivery of eight regional roundtables across the UK, each exploring key issues facing the hospitality industry. The aim is to produce a series of white papers to share best practice, freely available to students and industry via the IoH website. The grant was paid in two instalments of £10,000. Following the successful delivery and evaluation of the first four roundtables, this is the second and final payment.
## **Lakefield College - Ceserani Scholarship Fund**
## **£5,000**
A two-year grant was awarded to Lakefield Hospitality College to support the Victor Ceserani Hospitality Memorial Scholarship. This scholarship honours the legacy of Victor Ceserani by providing financial aid to UK-based hospitality students aged 16-24. It aims to inspire and assist the next generation of hospitality leaders from diverse backgrounds, helping those facing financial challenges as they begin their studies/careers. Funding is subject to satisfactory annual evaluation reports. This is the first payment.
## **Liberty Kitchen**
## **£25,000**
Liberty Kitchen is a charity and social enterprise focused on reducing reoffending by equipping prisoners and prison leavers with skills, hope, and employment opportunities through food. Since 2017, they have trained over 130 prisoners and helped 40 secure catering jobs after release. Working with professional chefs, participants create and sell an award-winning range of street-food stalls across London. Liberty Kitchen provides a throughthe-gate programme, offering training inside prisons and support upon release. With the grant awarded, they plan to expand their work from Pentonville to at least two more custodial institutions, aiming to train and support 370 individuals over three years to foster reintegration and reduce reoffending through catering and related industries.
## **Manchester Hoteliers Association (Hospitality Connect)**
## **£52,000**
In the year under review two grants were awarded to Manchester Hoteliers Association for the following:
## _**National expansion of Hospitality Connect - £37,000**_
A two-year grant totalling £77,000 was awarded in 2023 to support the national expansion of ‘Hospitality Connect’, a school liaison programme promoting hospitality careers to 14–16 year olds through hotel visits, career fairs, and engagement with parents and advisors. The initiative, which began in Greater Manchester with 35 hotel– school partnerships, has seen strong results and is now extending into Liverpool, Chester and the Lake District, with further national rollout planned. The grant was subject to receipt of satisfactory annual review/evaluation, and this is the final payment.
## _**Website development and CIC registration - £15,000**_
Manchester Hoteliers Association’s Hospitality Connect is a project designed to inspire secondary school students by connecting them with local hotels to explore career opportunities in hospitality. Having successfully expanded from Manchester to ten other UK cities within just one year, Hospitality Connect now aims to grow further nationwide. A grant was awarded to support the development of a dedicated website, cover costs for registering Hospitality Connect as a Community Interest Company (CIC) to ensure long-term sustainability, provide training for the Hotels & Schools Liaison Manager in educational project management, and fund travel and event attendance to promote and expand the initiative’s reach.
24
## - **Get Fed Coffee Project Brewing confidence and hospitality skills through mobile barista training**
With the support of a grant from The Savoy Educational Trust, Get Fed has expanded its unique training programme for young people at risk of school exclusion or exploitation. The funding enabled the purchase and conversion of a full-size coffee van, now equipped with solar panels and used as a mobile training unit to deliver barista and business skills in an engaging, real-world setting.
Targeting 14–15 year olds with a preference for practical, hands-on learning, the initiative empowers participants as ‘junior business partners.’ They learn barista skills, manage live service at community events, and earn 50% of the profits. Many had previously struggled in traditional education environments and are now gaining confidence, selfworth, and essential employability skills.
Since its launch, over 30 young people have engaged in the programme. The van now supports four schools each week, and many parents and
teachers have reported improvements in attendance, behaviour, and engagement. Four young people have moved into paid work, including roles in hospitality, with others gaining their first jobs in local pubs and cafés.
**A parent commented: “You would not have recognised him compared to the person he is now and you have been a big part of helping… for a very long time he was a lost soul… had no purpose… we can see the light again now.” Rachel Johnson, CEO, The PiXL Club shared: “This has improved their life chances and they know it. Very humbling and moving.”**
Through events such as Careers Fest and community gigs, young people have interacted with more than 100 local employers, shifting conversations from ‘being talked at’ in schools to meaningful, peer-level exchanges in a dynamic hospitality environment. The coffee van is now a visible and valued part of the Banburyshire community, a symbol of how creative education, when supported by the right investment, can change lives and open doors.
25
**£7,500**
## **No Mise En Plastic**
No Mise En Plastic (NMEP) is a non-profit dedicated to providing practical eco solutions for hospitality staff to reduce single-use plastics and waste. Since launching in 2021, NMEP has grown into a collaborative platform within the chef community. Partnering with the University of West London, they are developing workshops for trainee chefs and hospitality students focused on agroecological foods and sustainable menu choices. The Trust awarded a grant to support running 16 workshops aimed at inspiring the next generation to adopt environmentally responsible practices in the industry.
## **Only a Pavement Away**
## **£10,000**
Only a Pavement Away is a charity focused on helping individuals experiencing homelessness secure stable employment in hospitality. They connect socially conscious employers with candidates through a job-matching service and provide training, financial support, and ongoing assistance to promote long-term success. The Trust awarded a grant to support their Passport 2 Employment programme, a five-day immersive course held at prestigious venues that equips participants with essential workplace skills, practical experience, and interview preparation, culminating in a graduation where job opportunities are offered.
## **Royal Academy of Culinary Arts ‘Adopt a School’ Trust**
## **£78,500**
RACA – Adopt a School Trust received a three-year term grant to support its mission of teaching children about food, cooking, sustainability, and the hospitality industry. The programme reaches over 15,000 primary school children annually through 3–4 session courses delivered by a team of 6 chefs plus 140 volunteer chefs. Sessions are designed to be accessible without cooking facilities and are also held in diverse settings such as farms, hospitals, special needs schools, and community centres. The Trust also supports training and engagement of local chefs and front-of-house professionals to expand delivery, while building networks with regional colleges, businesses, suppliers, and farms to promote the programme’s impact. The funding is dependent upon a satisfactory annual evaluation report. This is the first payment.
## **Royal Academy of Culinary Arts – Colleges Community Programme**
## **£75,000**
A three-year term grant of £289,000 was awarded to support the development and delivery of RACA’s new College Community Programme. This initiative aims to expand engagement beyond their four accredited colleges, connecting more hospitality students with RACA academicians, industry mentors, and work experience opportunities. The programme will also support lecturer development through access to resources and networking. The funding is dependent upon a satisfactory annual evaluation report. This is the first payment.
## **Saira Hospitality**
## **£26,580**
Saira Hospitality is a non-profit (CIC) organisation that delivers pop-up hospitality training schools across London. They aim to deliver four 4-week schools over 2024 to marginalised communities in the city, whilst also providing a platform for hospitality employers to support and hire new entry level talent. Trustees awarded a grant of £35,440 to be paid in 4 equal instalments in 2024, each grant payment being subject to satisfactory review/evaluation. This amount forms three final quarterly instalments.
## **Stanwell Events**
## **£10,000**
Stanwell Events received a grant to enhance its community kitchen, which supports youth clubs, educational programmes, food projects, and local events. Partnering with Stanwell Foodbank, they provide vital food support and youth cookery courses focused on nutrition, budgeting, teamwork, and career pathways through work experience at a Youth Community Café. The grant will help install a Rational oven to meet increasing demand, accommodate up to 120 young people annually, and improve training in a professional-standard kitchen. This upgrade will boost the quality and scale of services, allow for larger class sizes, and support plans to expand cookery courses to adults, offering wider access to catering careers and fostering social skills among participants.
## **Team Domenica**
## **£10,000**
Team Domenica was awarded a grant to support their work with over 110 young people with learning disabilities in Sussex. Their two-year programme combines café training, classroom education, work placements, and supported internships to build employment skills, confidence, and independence. Through partnerships with 60 local employers, they create inclusive job opportunities. The funding will help employ a Café Training Mentor who provides one-on-one guidance in barista skills, food preparation, customer service, money handling, teamwork, and personal development. Using a ‘Systematic Instruction’ approach, the mentor helps candidates achieve employability, numeracy, and literacy qualifications, empowering them to gain independence and succeed in the hospitality sector.
26
**£3,000**
## **The 3R’s Horse Rescue Centre**
The Trust awarded a grant to The 3Rs Horse Rescue Centre in Dumfries and Galloway to support the installation of a small kitchen. The centre provides alternative education and hospitality skills training for individuals with challenges such as autism and Down’s Syndrome, referred by schools and social services. Their programmes aim to improve emotional wellbeing, life skills, and employment opportunities in a rural area where hospitality is a key sector. The new kitchen will help young people develop food preparation and cooking skills, boosting their employability.
## **The Burnt Chef Project CIC**
## **£10,000**
A grant was awarded to The Burnt Chef Project CIC, a global non-profit dedicated to mental health awareness in hospitality. Since 2019, they have trained over 3,700 students and delivered more than 20,500 wellbeing modules to industry professionals worldwide. Thanks to SET funding, in 2023 they exceeded their target by training 55 catering colleges. Building on this success, the project aims to deliver free mental health workshops to 50 colleges in the coming year, helping future hospitality professionals develop the skills to manage their mental health and promote a sustainable, healthy industry.
## **The Clink Charity**
## **£73,000**
In the year under review two grants were awarded to The Clink Charity for the following:
## _**The Clink College - £53,000**_
A three-year term grant was awarded to The Clink Charity, which delivers hospitality and horticulture training in UK prisons, helping around 800 people annually gain City & Guilds qualifications and support for employment and rehabilitation. In 2023, their students earned 550 industry qualifications. The charity is developing a new Clink College in South London, targeting 18-25 year-olds at risk of offending, including Looked After Children. This dedicated facility will offer training kitchens, a barista and canteen area, and a cold production kitchen for a delivery business. The college will provide qualifications, including an accredited ‘Introduction to Events Hospitality’ certificate, and apprenticeship opportunities through partnerships with major employers. The funding supports the on-site training and support team, aiming to help an additional 42 vulnerable young people each year, aligning with government crime reduction initiatives through apprenticeships. The funding is dependent upon satisfactory annual evaluation reports. This is the first payment.
## _**The Clink Bakery - £20,000**_
Supported by the Trust, the Clink Bakery, named Social Enterprise Bakery of the Year 2023, has operated under contract with HMPPS for two years. Following a funding shortfall announced in September 2024, a grant was awarded to give emergency support to sustain this vital bakery training project until new budgets are available in April. Without continued funding, the bakery risks closure, which would halt learner enrolment, professional training, and support into employment, key factors in reducing reoffending and enabling graduates to enter the hospitality sector as skilled professionals.
## **The CRUMBS Project**
## **£44,016**
A three-year term grant was awarded to The CRUMBS Project. CRUMBS supports vulnerable and disadvantaged adults by providing hospitality-based training for independence at their Bournemouth centre. Their programmes, endorsed by the Institute of Hospitality, cover Food Production & Service, Housekeeping, Administration, and Digital Skills. Working with up to 30 adults annually, many with disabilities, mental health issues, or acquired brain injuries, CRUMBS helps trainees develop professional and life skills. Over 90% of participants gain paid or voluntary employment, benefiting from greater social inclusion. The grant supports the Traineeship Programme, enabling multiple trainees to access extended, subsidised training, increasing their readiness for employment. The funding is dependent upon satisfactory annual evaluation reports. This is the first payment.
## **The Felix Project**
## **£30,000**
The Trust awarded a grant to The Felix Project to support a 12-month Commis Chef Apprenticeship Programme for vulnerable young people. The Felix Project rescues surplus food to support over 1,000 London charities, producing ready meals and running an employability hub. The apprenticeship will train four young people to gain a Level 2 Commis Chef qualification, combining practical work in their kitchen and events with classroom learning. They will partner with BEAM to provide additional support, including mental health assistance, helping apprentices secure full-time employment.
27
## **Young Chef Olympiad- Flying the flag on the global culinary stage**
Westminster Kingsway College is one of the UK’s leading centres for hospitality and culinary arts education, with a long-standing track record of excellence in competition and professional training.
With the support of The Savoy Educational Trust, student Kamran Taylor was able to represent England at the prestigious Young Chef Olympiad 2025, a global competition that welcomes over 60 countries and takes place across five cities in India. The grant contributed towards travel costs for Kamran and his mentor, chef lecturer Chris Basten, removing financial barriers that might otherwise have prevented their participation. This exceptional opportunity not only allowed Kamran to develop valuable skills and knowledge through competition at an international level, but also to experience a different culture, a hugely enriching experience both personally and professionally. After a rigorous internal competition involving 12 students, Kamran was selected for his culinary skill, professionalism, and composure under pressure. He trained intensively over a three-month period alongside Chris, committing to additional sessions outside of college hours.
This year, the Trust supported students from colleges across Wales, Scotland, and Northern Ireland: Cardiff and Vale College, City of Glasgow College, and South Eastern Regional College, all of whom proudly represented their nations at the Young Chef Olympiad. Representing England, Kamran Taylor went on to make history as the first English student ever to win the overall Grand Prize, a remarkable achievement that reflects both his individual dedication and the high standard of training at Westminster Kingsway College.
Kamran’s success elevated the college’s reputation, inspired peers, and reflected the strength of hospitality education across the UK. His journey shows how strategic support can create lasting opportunities for students, giving them the platform to shine on the global stage.
**“It is more than just the experiences and opportunities The Savoy Educational Trust makes possible. Not only was I able to partake in the competition over in India, I was able represent England and Westminster College. This gained global recognition for myself, the college and my mentors. Leading on from this I have had offers of work from the most reputable and respected hotels and restaurants in the country. I have been given the opportunity to work at the Glenfiddich distilleries over the summer and I have lost count of how many contacts I have made in the industry. What The Savoy Educational Trust helped me to do in February 2025 has really spiralled more than I could have ever imagined. I can almost guarantee that I wouldn’t be in the position I am now without their help and support earlier this year.”**
**Kamran Taylor, Winner, Culinary Olympiad 2025**
28
**£40,500**
## **The Geoffrey Harrison Foundation**
The Geoffrey Harrison Foundation was established to advance education and learning in the hotel, restaurant and hospitality industries, and to help young people develop their capabilities to grow to maturity as members of society. A three-year term grant was awarded to expand their Junior Chefs Academy programme for year 10 and 11 students. Participants attend 10-week courses on a Saturday covering food preparation, cooking, presentation, hygiene, safety, teamwork, organisational skills and foodservice techniques at Westminster Kingsway College (WKC), the University of West London or Loughborough College. The grant was subject to receipt of satisfactory annual review/evaluation, and this is the final payment.
## **The Springboard Charity**
## **£500,000**
Springboard Charity, established in 1990, supports the hospitality, leisure and tourism industry and those seeking employment within it, with three key aims: To advance the life and education of those under the age of 25, through the provision of advice, training and skills courses; To relieve poverty and unemployment, assisting people to secure jobs in the hospitality sector; To tackle ongoing problems the hospitality, leisure and tourism industries face, including staff and skills shortages and misrepresentation about what a fulfilling career it offers. A threeyear term grant of £1.5 million (£500,000 per annum) was awarded to support its core activities: Employability Training Programmes; Careers and Education work including Summer Schools, Hospitality Takeover Days, Career hubs; CareerScope work. The grant is subject to satisfactory annual review/evaluation, and this is the second payment.
## **Well Grounded Jobs CIC**
## **£125,000**
A three-year term grant was awarded to Well Grounded, a charity providing accredited training and support to vulnerable adults seeking sustainable careers in the coffee sector. Well Grounded offers two main programmes: a 6-10 week ‘Into Employment’ Barista training course and a ‘Coffee Progression’ pathway with advanced sixmonth courses. Operating in Camden, Tower Hamlets, and Bristol, they support diverse trainees including the long-term unemployed, refugees, care leavers, and those with health challenges. The funding will help Well Grounded expand into Leeds and Scotland, aiming to empower over 1,000 individuals facing employment barriers while addressing sector skills shortages and promoting diversity in coffee industry management. The funding is dependent upon satisfactory annual evaluation reports. This is the first payment.
## Competitions/Awards
Competitions can be a powerful driver of ambition, pushing individuals to go further and achieve more within their profession. The Trustees value the important role that competitions play in developing skills, recognising excellence, and motivating learners at all stages. They are committed to supporting those who demonstrate dedication and potential by entering and excelling in industry competitions. This support includes educational scholarships and prize funding, with a focus on helping finalists and winners further their training and development. The Trust’s funding is primarily directed towards opportunities that enhance learning and professional growth through these platforms.
**In the year under review the Trust supported 13 industry competitions/awards** with grants totalling **£171,958** (2024: £179,415 to 15 competitions/awards). Below are details of those competitions/prizes that received funding.
## **British Culinary Federation**
## **£5,000**
The British Culinary Federation (BCF) supports the development and training of young chefs aged 18-25, preparing them to represent England’s Junior National Team in national and international competitions such as the Culinary Olympics and Culinary World Cup. A grant was awarded to cover coaching, training, and food supplies, enabling these young chefs to meet high performance standards while gaining valuable industry skills. The BCF, founded in 2005 from two historic chef associations, continues its mission to foster culinary excellence and advocate for professionals across the UK.
## **Cardiff and Vale College - Culinary Olympiad**
## **£3,500**
A grant was awarded to Cardiff and Vale College (CAVC), one of the UK’s largest colleges serving over 30,000 learners annually. The funding supports travel, uniforms, and knives for students participating in the Young Chef Olympiad 2025, a prestigious global culinary competition held in India. This opportunity allows students to
29
compete internationally, build global networks with top chefs and industry leaders, and gain valuable skills and cultural experience.
## **City of Glasgow College – Culinary Olympiad**
## **£3,500**
City of Glasgow College, Scotland’s largest further and higher education institution with 27,000 students, offers a wide range of flexible courses. A grant was awarded to support the college’s participation in the 2025 Young Chef Olympiad in India. Due to recent budget cuts and redundancies, the college was unable to self-fund this opportunity. The competition provides students and staff with invaluable international exposure to culinary skills, learning from renowned chefs, and promotes Scottish cuisine and culture worldwide. This support helps maintain Scotland’s strong tradition of excellence and representation in the global culinary community.
## **International Wine and Food Society**
## **£3,500**
The International Wine and Food Society promotes a deeper appreciation of food and wine, emphasising the rewards of an informed dining experience. They received a grant to support their 2025 ‘British Fusion’ competition, open to all catering college students, including full-time, part-time, and apprentices. This competition encourages students to create dishes blending British ingredients with global cuisines, fostering creativity and industry connections. The initiative also highlights front-of-house skills, with finalists receiving wine pairing guidance and a dedicated prize for front-of-house excellence, helping bridge education and professional hospitality.
## **Nestle UK Ltd – Toque d’Or**
## **£17,600**
The Trust awarded a grant to support Nestlé Professional’s Toque d’Or hospitality competition, now in its 37th year. This long-running competition inspires college students by combining practical, service, and business challenges that extend their formal learning. The current focus highlights hospitality’s role in community regeneration and social enterprise, covering sustainability themes like plant-based diets, food waste, and regenerative agriculture. The competition motivates students, fosters peer connections, provides expert learning, and creates valuable work experience and networking opportunities within the foodservice industry. This included £150 per college student in the Heats (totalling £7,200), £1,000 per student in the Finals (totalling £12,000), and an additional £1,000 per winning student for the two winning colleges (totalling £2,000). With £3,600 remaining from the awarded grant in the 2024 competition, a further £17,600 was granted to meet the full project costs.
## **Royal Academy of Culinary – Annual Awards of Excellence**
## **£6,500**
The Annual Awards of Excellence was established in 1983 to recognise and reward the most talented up and coming chefs, pastry chefs and waiters aged between 20 and 26. These are the only awards to cover all three categories of kitchen, pastry, and service. Funding from the Trust covers 3 travel bursaries for the winning students to travel abroad to gain additional skills/knowledge of different cuisines.
## **Royal Academy of Culinary Arts- Ramon Pajares Excellence Scholarship**
## **£7,000**
A 10-year grant was awarded to the Royal Academy of Culinary Arts (RACA) to establish the Ramon Pajares Excellence Scholarship. This annual £5,000 scholarship, named in honour of Ramon Pajares, supports RACA Annual Awards of Excellence alumni aged 26-36. It aims to enhance recipients’ professional development, recognising their contribution to hospitality and fostering further career growth in the industry. The funding is dependent upon a satisfactory annual evaluation report. This is the first payment.
## **South Eastern Regional College - Culinary Olympiad**
## **£2,508**
South Eastern Regional College (SERC), Northern Ireland’s top-performing college, was awarded a grant to support travel costs for a trainee chef and their mentor to attend the 2025 Young Chef Olympiad in India. Renowned for embedding entrepreneurship and practical learning, SERC boasts a 98% student progression rate to employment or further study. The Hospitality and Culinary Arts Team, recognised for excellence, prepares students for success in regional and international competitions. Participation in the Olympiad offers invaluable global experience, networking, and skills development opportunities for the young chef.
## **The Craft Guild of Chefs – Graduate Awards**
**£6,000**
The Craft Guild of Chefs received a grant to support the 23rd annual Graduate Awards Programme. This programme helps young kitchen and pastry chefs under 25 enhance their skills through training, masterclasses, mentorship, and exams, including support for those with learning differences. Each year, 36-48 candidates progress through a rigorous selection and examination process, culminating in a two-day mentorship before their
30
## **Zest Quest Asia competition - Bringing Asian cuisine to the forefront**
Zest Quest Asia, founded by Cyrus and Pervin Todiwala in 2013, continues to inspire the next generation of chefs to embrace the breadth and diversity of Asian cuisine. With funding from The Savoy Educational Trust, the 2025 competition was the most inclusive to date, reaching more students, more regions, and more colleges than ever before.
**Cyrus Todiwala, Founder, explains: “It is a sad fact that many of our hospitality colleges are closing, and those still doing great work with student chefs sometimes struggle financially when it comes to extracurricular training like competitions. We are extremely grateful to The Savoy Educational Trust for helping college teams enter Zest Quest Asia in 2025.”**
Now a fixture on the student chef competition calendar, Zest Quest Asia is praised for its rigour and the cultural depth it brings to hospitality education. The Trust’s support enabled colleges from across the UK, including four from Scotland and first-time entrants like Stoke College, to take part regardless of their size or financial means.
In 2025, Zest Quest Asia received a record 16 entries, requiring the introduction of a semi-final stage and expanding the number of finalists from six to eight. The grant helped ensure participating colleges could cover
key costs, making it feasible for learners from a range of backgrounds to experience the live finals in London. Following an impressive cook-off hosted at the University of West London in April, Loughborough College was named the winner of Zest Quest Asia 2025.
Participants not only expanded their culinary skills and knowledge of Asian ingredients but also developed teamwork, communication, and confidence. For many, the competition offered experiences, such as travelling, staying in hotels, or attending formal industry events, for the first time. The Savoy Educational Trust’s support helped make this opportunity a
reality for students from across the UK, strengthening future talent and keeping hospitality education vibrant, diverse, and ambitious.
## **Anthony Gascoigne of East Riding College summed up the competition’s impact:**
“Zest Quest Asia has given students a platform to express themselves in a cuisine not naturally embedded in the curriculum. It’s brought colour and vibrancy to their experience and raised aspirations across the college.”
31
final exam. The programme has a strong track record, with over 100 graduates advancing to senior chef roles across the industry.
## **The Springboard Charity FutureChef Programme**
## **£100,000**
First introduced in 1999, ‘FutureChef’ has grown into a successful culinary programme that helps young people aged 12-16 to learn to cook, take an interest in food, develop their culinary talent and informs them about entry routes into the hospitality industry. This is Springboard’s flagship education programme, delivered in secondary schools nationally and focusing on inspiring, educating and supporting young people, with the aim of helping them progress onto roles within the hospitality, leisure and tourism industry. A three-year term grant of £300,000 was awarded to expand the reach of FutureChef, with a target of engaging 45,000 students by 2025 on the FutureChef Juniors and FutureChef programmes. The grant was subject to satisfactory annual evaluations, and this is the final payment.
## **The Todiwala Foundation**
## **£5,000**
A grant was awarded to The Todiwala Foundation to support the Zest Quest Asia student competition. Established in 2013, the competition encourages students to explore and showcase Asian cuisines through menu creation and presentations. The funding helps smaller and geographically distant colleges with participation costs, enabling more students to take part and be inspired to pursue careers focused on Asian cuisine in hospitality. The grant was used to fund travel and ingredient costs for participating colleges.
## **University Hospitality Seminars**
## **£8,250**
A grant was awarded to University Hospitality Seminars (UHS), a not-for-profit established in 2001. UHS partners with the Association of Colleges and University Business Officers to provide tailored hospitality training across the UK. Funding supported the 12th Annual UK Young Restaurant Team of the Year competition, which engages further education college training restaurants. The event features teams of young students (under 21) competing in a live restaurant setting, developing their culinary and front-of-house skills under lecturer mentorship. This competition highlights the importance of training restaurants in building craft and leadership abilities, while promoting hospitality as an attractive career path and fostering industry-college collaboration.
## **Westminster Kingsway College (Westminster Capital City College) - Culinary Olympiad £3,600**
Westminster Kingsway College, home to the UK’s oldest culinary school and training over 700 hospitality students annually, was awarded a grant to support travel costs for their participation in the 2025 Young Chef Olympiad in India. This prestigious global competition offers students a unique opportunity to enhance their skills, experience diverse cultures, and act as ambassadors for the college. The funding helps ensure the selected student and their mentor can attend regardless of financial constraints.
32
Graphical Analysis of Activities
## **Allocation of Grants 1[st] April 2024 - 31[st] March 2025**
**==> picture [308 x 195] intentionally omitted <==**
**----- Start of picture text -----**
£171,958
£391,508
£274,638
£76,719
£1,500,634
Competitions Charitable Organisations HE FE Schools
**----- End of picture text -----**
_**Chart 3 – Allocation of grants for specific areas of support in this financial year**_
## **Allocation of Grants for Years ending 2023-2025**
**==> picture [435 x 182] intentionally omitted <==**
**----- Start of picture text -----**
Competitions/Awards
Universities
Colleges
Schools
Industry Associations/Charities
£0 £400,000 £800,000 £1,200,000 £1,600,000
Year End 2025 Year End 2024 Year End 2023
**----- End of picture text -----**
_**Chart 4 – Allocation of grants over a three-year period**_
33
## Structure, Governance and Management
## **This section of the report describes the organisational structure, governance and management arrangements that were in place throughout 2024-25.**
The Savoy Educational Trust (hereafter referred to as ‘the SET’ or ‘the Trust’) was registered as a Charitable Incorporated Organisation (CIO) on the 23[rd] March 2015 with a charity number 1161014, having converted from its previous unincorporated status.
The Trust remains a grant giving charity for educational purposes, mainly, though not exclusively, in relation to the hospitality industry.
## Our Purpose
The core purpose of the Trust is the _**advancement and development of education and learning**_ within the hospitality industry. To fulfil its core purpose, the Trust works closely with schools, colleges of Further and Higher Education (FE & HE), industry associations, charitable organisations, employers and other interested stakeholders in order to:-
- _Establish and maintain contact with schools, colleges, universities, and other providers of recognised qualifications for those studying for careers in the hospitality industry._
- _Promote and provide scholarships to help develop and enhance education, training and continual professional development._
- _Recognise and reward the achievement of specific skills by supporting the leading industry competitions with educational scholarships/prizes._
- _Encourage and sponsor further learning opportunities relevant to the industry by all modern forms of technology and communication._
- _Work closely with a network of key people on current matters affecting education, training and issues such as skills development, recruitment and retention._
**Chart 5 below outlines the Trust’s core purpose**
## Public Benefit Statement
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 had due regard to the Charity Commission’s general 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 _**grant awards in the year under review**_ sections of this report are carried out for the public benefit and clearly meet the two key principles of public benefit and also the requirements of 6.1 and 6.2 of the Charity Governance Code for larger charities on Equality, Diversity and Inclusion.
34
## Governance and Management
The Trust’s constitution prescribes its objectives and sets out a framework under which the Trustees and administrative staff govern the Trust’s affairs. No new Trustees were appointed during the year. All Trustees are appointed in accordance with the Trust’s constitution and are aware that they are responsible for the overall direction, effectiveness, supervision and accountability of the Trust.
The Trustees consider that the Board of Trustees, together with the Chief Executive and the Grants & Trust Executives make up the key management personnel of the charity. They are in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All Trustees give their time freely and no Trustee remuneration was paid during the year under review. **Trustees’ expenses amounted to £1,088 (2024: £1,437).**
The Chief Executive is a full-time employee of the Trust and is supported by two part-time Grants & Trust Executives. Accounting and payroll services are also provided by The Trust Partnership on an ongoing basis.
The remuneration of the Chief Executive is reviewed on an annual basis by the Chair of Trustees in consultation with the full Board of Trustees. The remuneration of the Grants & Trust Executives is also reviewed annually by the Chief Executive and a recommendation for any increases is made to the Board of Trustees for approval. The aim is to ensure that the remuneration of employees is fair and commensurate with that generally paid for similar roles.
## Trustees and Trustee Recruitment & Training
## **The Trustees who served during the year were as follows:-**
Robert J Davis Howard Field Peter A Jones Stephen Lowy Sally Messenger David Taylor William J Toner
Trustees are appointed in line with the Trustee Recruitment and Selection Policy to serve a 3-year term of office. Trustees 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, knowledge and understanding of the Trust’s charitable objectives and activities.
In accordance with good governance, the Trustees also consider it appropriate to rotate the role of Chair. 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. For the year 1[st] April 2024-31[st] March 2025, Howard Field undertook the role of Chair having been re-elected to continue in this role for a further year at the December 2023 meeting.
New Trustees will receive background information on the SET which will include the Trust Deed, Minutes of meetings, Annual Report and Accounts and job description for a Trustee of the SET. They will also receive documentation on what is expected of them under charity law, with particular reference to Charity Commission news and guidance publications such as ‘CC3: The Essential Trustee’, ‘Welcome – you’re a charity trustee’, ‘NCVO’s The Good Trustee Guide’, ‘Charities and Public Benefit’, and ‘CC29: Conflicts of Interest’. Following their appointment new Trustees will be invited to spend some time with the Chief Executive/ and Grants & Trust Administrators as part of their induction process to further develop their understanding of the policies and practices of the SET.
The Trustees give due consideration to the principles outlined in the ‘Charity Governance Code’ for larger charities and where appropriate apply the principles in their governance and decision-making processes. They also take note of guidance issued by the Charity Commission and other bodies on how to operate the Trust on an ongoing basis.
All new Trustees sign the Trustee eligibility declaration. They are also asked to complete the Register of Interests which is held centrally and regularly updated in order to avoid any potential conflicts of interest. At each meeting
35
there is an agenda item for Trustees to declare an interest and in accordance with the Trust’s conflict of interest policy, where a conflict does arise, they are required to withdraw from the decision-making process.
Trustees are also encouraged to attend Trustee training courses or link to webinars to enhance their knowledge or continue their professional development. The induction and training of new and existing Trustees remain under review in order to meet the needs of both the Trustees and the Charity.
## Investment Committee
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 meet with the Fund Managers annually to review and monitor investment performance and asset allocation. Fund Managers are also invited to a Board meeting once a year to present to the SET Trustees. Members of the Investment Committee from the SET include Howard Field, Dr Sally Messenger and Angela Maher, although any Trustee can attend the meetings. Notes of these meetings and full financial data are circulated to all Trustees. There is a ‘Terms of Reference’ document for the Investment Committee which is approved by Trustees and reviewed as and when required.
The SET has written Investment & Social Investment Policy Statements in place. These policies are reviewed regularly to ensure they meet the Trust’s investment/ethical investment objectives. Any changes to the policies must be agreed by all Trustees and, once agreed, will be signed by the Chair of Trustees on behalf of the Board.
## Risk Assessment
Trustees have given due consideration to the major risks to which the SET is exposed and satisfied themselves that systems or procedures are established in order to manage those risks. Trustees maintain a detailed Risk Register which is regularly updated. The document specifies each risk, who is responsible, likely impact, probability of occurrence, and mitigation arrangements. During the last review in March 2025, the document identified the following areas of risk and detailed how each should be addressed:-
1. **Governance & Strategy** – the Trustees have reviewed the governance aspects of the Trust, including organisational structure, policies and procedures for electing trustees (to achieve an appropriate representation of skills/experience), and to ensure appropriate conflict of interest policies and procedures are in place and followed. The Trustees hold annual strategy meetings at which they review their direction, their charitable objectives and funding priorities. A new 5-year strategy was ratified in June 2025. The Trustees are aware that the Trust operates in a dynamic environment and that the strategy of the Trust should be kept under review to ensure its grant giving makes a positive and significant difference in the pursuit of its charitable objectives
2. **Operational** – the Trustees ensure that the operational aspects of the Trust are robust and effective. The Trust employs a comprehensive system of recordkeeping and ensures appropriate security of its IT systems. The Trustees recognise that IT systems and working practices must accommodate a remote working model and they review/update IT infrastructure and security policies/procedures as required to support this. Trustees are aware contingency planning is an important part of the risk management process to ensure that its operation can cope with unexpected situations/events.
3. **Financial** – the Trustees are fully aware of their financial responsibilities to ensure the Trust operates effectively. Monitoring of Trust finances is undertaken on an ongoing basis throughout the year and there are robust systems in place for the awarding/payment of grants, and the monitoring of grants through evaluation processes. The Trust has a clear written Investment Policy Statement which is kept under regular review, and Trustees receive detailed quarterly reports and an annual presentation on portfolio performance from Fund Managers. The Trust employs qualified accountants to oversee the day-to-day finances of the Trust, who provide monthly management accounts to the Chief Executive and quarterly to Trustees. Accounts are subject to robust external audit on an annual basis.
4. **Ethical and Environmental** – the Trust has an agreed Social Investment Policy Statement which is kept under regular review. Ethical, Social and Governance (ESG) factors are integral to investment decisions and are monitored and fully reported on by Fund Managers in their reports to Trustees.
5. **Regulatory** – the Trustees are fully aware of the regulatory requirements for Charities operating in the UK. The Chief Executive provides updates to Trustees on any changes to legislation or regulations that concern them, including the provision of information/guidelines from the Charity Commission as required.
6. **Status and Reputational** – The Trustees regularly discuss reputational risk and a clear framework for assessment and decision-making on grant applications is in place.
36
7. **People** – the Trustees are aware of their need to ensure their employees are looked after and that they comply with all relevant employment legislation. The Trust has an employee handbook covering all policies and procedures in line with current employment good practice and legislation.
8. **Safeguarding –** Trustees recognise that safeguarding is a key priority for all charities, and for projects working with children, young people or vulnerable adults, the charity requires that all applicants confirm as part of the application process that up-to-date Safeguarding Policies and Procedures are in place in line with Charity Commission regulatory expectations.
It is understood that effective risk management, once embedded, should be a seamless process that informs decision-making. It should also help to ensure that the Trust achieves its aims more effectively, improves forward planning and demonstrates the charity’s accountability to stakeholders. The Trustees believe it is essential that risk management is not considered as a one-off exercise but rather a process that requires regular monitoring and assessment. They seek to ensure that risk management is on-going and embedded in all management and operational procedures.
## Environmental Policy
A responsible attitude is adopted regarding environmental/green issues. Wastage of natural resources is kept to a minimum and as far as practicable, recycled products are used. Meeting and other papers are distributed electronically to save printing and the move to remote working has had a positive environmental impact. Further reference on the Trust’s environmental policy in relation to its grant giving appears in the section dealing with the application procedure earlier in the report.
## 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 or PR materials related to funded projects. The Trust also provides a PR pack to all grant recipients, offering guidance on how to use the logo appropriately and how to communicate about the support they have received.
## Financial Review and Results
## Financial Overview
The Trust portfolio value fell in the year under review in the light of some challenging market conditions (see Investment Performance commentary on the following page). As shown on the balance sheet, the value of the Trust’s net assets at 31[st] March 2025 was **£66,129,487** , a decrease of 2.37%/£1,608,467 over the previous year (2024: £67,737,954). There was a small decrease in the dividend and interest income received which totalled £1,449,961 (2024: £1,453,360).
The Trust derives income entirely from its investment portfolio. Total grants paid in year amounted to £2,645,619 and support costs totalled £211,088. Grants and support costs are funded from earned income topped up by capital. Whilst the value of the portfolio fluctuates in line with global market conditions, trustees consider that in the year ahead a similar budget for grant distributions should be set to align with its strategic funding priorities and charitable objectives whilst maintaining a healthy capital base.
## Fund Management
All investments held by the charity have been acquired in accordance with the powers available to the Trustees. For the year under review the Trust’s portfolio was managed by Cazenove Capital Management and Rathbones Investment Management.
The Investment Committee and Trustees are mindful of their obligation under the Trustee Act 2000 to conduct periodic independent reviews of their Fund Managers and the Joint Investment Committee recommended to the Board that a review should take place in early 2025. Charity Intelligence were appointed in March 2025 to undertake a first stage review and a decision on whether to proceed with to a formal selection process will be made once the findings of this review have been presented.
37
## Investment Policy and Objectives
The Trust’s investment performance objectives are _“_ _**to provide for increases in annual grant giving while preserving the Portfolio’s capital base in real terms using a total return approach** ”_ . This is achieved by both Fund Managers adopting a medium/high approach to risk and investing in a balanced and diversified portfolio of equities, bonds, alternatives and cash.
The long-term objective of CPI +4% per annum over a rolling 5-year period affords the Trust the best of both worlds (i.e. a multi asset approach that is measured against relevant indices over the short term and a “target return” approach over the longer term that meets the investment objective). This runs alongside composite benchmarks for each Fund Manager.
As highlighted in the Investment Committee section of this report, the Trustees have an Investment Policy in place which is reviewed on an annual basis. The Trustees consider that the investments are performing in accordance with the charity’s long-term investment policy and strategy, and this remains under regular review.
## Investment Performance
As stated in the Financial Overview section of this report, the performance for the year under review somewhat reflected market conditions, although both Fund Managers underperformed against benchmarks. This cemented the view that a performance review should be undertaken in 2025. A brief overview of investment performance for each Fund Manager is given below.
**Cazenove Capital Management (CCM):** The portfolio managed by Cazenove Capital achieved a total return for the financial year of +0.8% in the 12 months ending 31[st] March 2025 compared to the bespoke benchmark return of +4.2%. The long-term target of CPI+4% posted a +6.7% return whilst the peer group (ARC Steady Growth ACI) returned +2.7%. Global equity markets gained over the year to end March 2025, enjoying a strong initial first nine-month period before falling back in the first quarter of 2025. Bond markets experienced higher-thanusual volatility, reflecting shifting central bank narratives and evolving interest rate expectations. Commodities were mixed, with gold reaching unprecedented highs while oil prices declined, despite ongoing tensions in Ukraine and the Middle East. Looking forward, Cazenove Capital still favour equities and property for clients with long-term time horizons. However, it is likely that markets will continue to experience volatility given concerns regarding trade tariffs, fluctuating inflation, and ongoing conflict in Ukraine and the Middle East.
**Rathbones Investment Management (RIM):** Over the year the portfolio managed by Rathbones delivered a positive return in an environment which was notable for several significant global events which impacted on markets. In particular, an increasing conflict in the Middle East, ongoing war in Ukraine, an arms race led by the US for dominance in the growth in Artificial Intelligence amid rising competition from China, and the re-election in the US of President Trump with an agenda for significant change were some of the key impacts **.** The portfolio managed by Rathbones achieved a total return of +2% for the 12 months ending 31[st] March 2025 compared with the bespoke benchmark of +4.8%. The long-term target of CPI+4% posted +6.7% return whilst the ARC Charity Steady Growth Index returned +3.02%. Looking ahead, RIM are pursuing a strategy targeting CPI+4% per annum over the long-term, via a multi-asset, diversified portfolio and have an investment philosophy of favouring companies with strong cash flow returns on capital, which is important for the compounding of attractive longterm returns.
## Sustainable Investments
The primary investment objective is to maximise total return within the agreed risk parameters and constraints. Providing that this objective is not compromised in the process, the Fund Managers believe that it is also possible to develop a framework that allows a broader range of considerations, including environmental and social issues to be taken into account when selecting investments. Consideration of Environmental, Social and Governance (ESG) factors as part of an investment decision has become more commonplace and there is more academic and practical research to prove that these factors can have a meaningful impact on both the sustainability and financial returns of companies. CCM state that good stewardship is integrated within their investment process. They believe all investments have an impact on people and planet. CCM have a Climate Transition Action Plan in place, aiming to transition all their discretionary assets under management to be net zero by 2050. To provide further insight into the Trust’s portfolio, they include an overall assessment of the impact of the Trust’s equity investments on people and the planet, and a comparison against an appropriate benchmark. They provide two metrics encompassing planet and people as outlined below.
38
## _**SET PORTFOLIO ESG REPORT – Cazenove Capital Management – March 2025**_
Rathbones Group Plc defines responsible investment as the purposeful integration of ESG considerations into their investment management processes and their ownership practices. The Group describe ESG in the following terms: **Environmental:** issues relating to the quality and functioning of the natural environment; **Social:** issues relating to the rights, well-being and interests of people and communities; **Governance:** issues relating to corporate governance and corporate behaviour. Rathbones has been a signatory to the United Nations supported Principles for Responsible Investment since 2009, reporting in line with its requirements annually. Rathbones Group is also signed up to the Net Zero Asset Managers (NZAM) initiative and aims to achieve net zero GHG emissions across their business and investment holdings by 2050 or sooner. Rathbones provide regular updates on the ESG performance of the Trust portfolio.
_**SET PORTFOLIO ESG REPORT – Rathbones Investment Management – March 2025**_
The Trustees’ ethical restrictions are outlined in their Social Investment Policy document.
## Reserves Policy
In July 1998 the Savoy Educational Trust realised £36,800,584 from the sale of their shareholding in the Savoy Group plc. This sum formed the capital assets of the Trust and since that date has been invested in a diversified portfolio of investments. This formed part of the transfer of assets into the CIO which amounted to £53,140,809 at the date of transfer, 3[rd] June 2015. The reserve balance at year end 2025 was £66,129,487 (2024: £67,737,954).
The investment of the capital is the only source of on-going income. The investment objective (as stated earlier) helps to protect a core of investments and cash assets to generate income for future grant awards sufficient to meet the needs of present and future beneficiaries.
The Trust sets out an annual budget to ensure, as far as is reasonably possible, that the charity’s annual expenditure objectives can be met, given certain assumptions about the yearly and future income streams. Within the budget there exists the capacity, should the need arise, to curtail activities specifically of those new applications presented at the quarterly meetings. At present the Trustees are able to maintain operating costs at a relatively low level compared to charities of a similar size.
39
The Trustees will review this policy annually in the light of changing circumstances and alter it as necessary.
## Going Concern
The Trustees are long term investors and are capable of meeting all their liabilities comfortably. They are also able to confirm that there are no material uncertainties about the Charity's ability to operate as a going concern.
## Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Standard).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **This report was approved on behalf of the Trustees by:**
**Howard Field, FCA, FIH, FHOSPA Trustee**
**Angela Maher Chief Executive**
**Date: 10[th] September 2025**
40
## Independent Auditor’s Report
## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE SAVOY EDUCATIONAL TRUST**
## **Opinion**
We have audited the financial statements of The Savoy Educational Trust (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then ended.
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We have been appointed as auditors under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the Annual Report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
41
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the Trustees’ Report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees’ responsibilities set out on page 40, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
## **The extent to which the audit was considered capable of detecting irregularities, including fraud**
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected noncompliance with laws and regulations identified during the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
- obtained an understanding of the nature of the sector, including the legal and regulatory framework, that the charity operates in and how the charity is complying with the legal and regulatory framework;
- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
42
- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.
As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Charities Act 2011, Charities SORP (FRS 102), and the charity’s governing document. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees’ Report and remaining alert to new or unusual transactions which may not be in accordance with the governing documents.
The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and challenging judgments and estimates.
A further description of our responsibilities for the audit of the financial statements is provided on the Financial Reporting Council’s website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charity’s trustees as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Zoe Longstaff-Tyrrell (Senior Statutory Auditor) For and on behalf of RSM UK AUDIT LLP, Statutory Auditor Chartered Accountants Portland 25 High Street Crawley, West Sussex, RH10 1BG
Date:
RSM UK Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
43
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025**
|Note
**Income**
Investment income
2
**Total income**
**Expenditure**
Costs of raising funds
Investment management costs
3
Expenditure on charitable activities:
Educational Institutions/ Associations/ Charitable Trusts
4
Competitions and prizes
4
**Total expenditure on charitable activities**
**Total expenditure**
**Net expenditure before gains and losses**
**Net (losses) / gains on investments**
8
**Net (expenditure) / income and net movement in**
**funds for the year**
11
**Reconciliation of Funds**
Total Funds Brought Forward
Total Funds Carried Forward
11,12|**2025**
**Total**
**Funds**
**£**
**1,449,961**
**1,449,961**
**251,699**
**2,411,495**
**188,622**
**2,600,117**
**2,851,816**
**(1,401,855)**
**(206,612)**
**(1,608,467)**
**67,737,954**
**66,129,487**|2024
Total
Funds
£
1,453,360
1,453,360
233,487
2,010,635
199,786
2,210,421
2,443,908
(990,548)
5,673,600
4,683,052
63,054,902
67,737,954|
|---|---|---|
The notes on pages 47-51 form part of these accounts
44
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
|Note
**Fixed Assets**
Investments
8
**Current Assets**
Debtors and prepayments
9
Cash at Bank and in hand
**Current Liabilities**
Creditors: amounts falling due
within one year
10
**Net Current Assets**
**Net Assets**
**Funds**
Unrestricted Funds
12|**71,840**
**667,977**
**739,817**
**(83,477)**
**At 31st**|**£**
**65,473,147**
**65,473,147**
**656,340**
**66,129,487**
**66,129,487**
**66,129,487**
**March 2025**|£
67,453,731
67,453,731
25,412
599,317
624,729
(340,506)
284,223
67,737,954
67,737,954
67,737,954
At 31st March 2024|
|---|---|---|---|
These accounts on pages 44 to 53 were authorised and approved by the Trustees on **10th September 2025** and signed on their behalf by:
………………………… Robert Davis, MBE, DL, MA (Cantab) Trustee
………………………… Howard Field, FCA, FIH, FHOSPA Trustee
The notes on pages 47-51 form part of these accounts
45
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025**
|Note
**Cash used in operating activities**
16
**Cash flows from investing activities:**
Investment income
2
Purchase of investments
Proceeds of disposals of investments
Payments to investment portfolio cash
Cash provided by investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
**Total cash and cash equivalents at the end of the year**
**Cash balance comprises**
Cash at bank|**2025**
**Unrestricted**
**Funds**
**£**
**(3,155,273)**
**1,449,961**
**(14,004,710)**
**16,624,082**
**(845,400)**
**3,223,933**
**68,660**
**599,317**
**667,977**
**667,977**|2024
Unrestricted
Funds
£
(2,315,853)
1,453,360
(25,715,404)
27,356,178
(543,604)
2,550,530
234,677
364,640
599,317
599,317|
|---|---|---|
The notes on pages 47-51 form part of these accounts
46
**THE SAVOY EDUCATIONAL TRUST CIO**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2025**
## **1 ACCOUNTING POLICIES**
## **a) Basis of Accounting and Going Concern**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for investments which are recognised at market value. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charites Act 2011.
The Trust constitutes a public benefit entity as defined by FRS 102.
The charity continues to have a significant reserves balance, which decreased to £66,129,487 (2024: £67,737,954) in the year, to meet its committed and fixed costs for the foreseeable future. The Trustees therefore consider the going concern basis of accounting to be appropriate in the preparation of the financial statements.
## **b) Income and Expenditure**
All income and expenditure arising during the year is dealt with through the Statement of Financial Activities. All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Accruals and prepayments are made where appropriate.
## **c) Grants Payable**
Grants payable are recognised when they are committed and included as creditors until they are paid.
## **d) Status**
The Trust is constituted under a Trust Deed dated 26th April 1961. On 23 March 2015 the Trust was converted to a Charitable Incorporated Organisation (CIO), Charity Number 1161014. All of the funds of The Savoy Educational Trust were transferred to the new entity on 3rd June 2015.
- **e) Taxation**
The trust is a registered charity and as such its income and gains falling within Sections 471 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives.
- **f) Value Added Tax**
Value Added Tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Activities.
## **g) Fixed Assets**
Fixed Assets are recorded at cost or, in cases where fixed assets have been donated to the charity, at valuation at the time of acquisition.
## **h) Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, payroll and governance costs which support the Trusts programmes and activities. These have been allocated in full to expenditure on charitable activities on the basis of grants paid in the period
## **i) Costs of raising funds**
The costs relate to investment management fees for both income generation and capital maintenance.
## **j) Pension**
The charity operates a stakeholder pension scheme for its employees. Both the charity and its employees make contributions to the scheme in accordance with its duties under the Pensions Act 2008 and the terms of individual employment contracts. The charity also operates a salary sacrifice arrangement to facilitate employee pension contributions. The pension charge represents the amount payable by the charity to the fund in respect of the year.
47
**THE SAVOY EDUCATIONAL TRUST CIO**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2025**
## **1 ACCOUNTING POLICIES (continued)**
## **k) Investments**
Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities. Investment income plus associated tax recoverable is credited to income on an accruals basis, using dates of payments for dividends, and daily accrual for interest.
## **l) Reserves Policy**
In July 1998 the Savoy Educational Trust realised £36,800,584 from the sale of their shareholding in the Savoy Group plc. This sum formed the capital assets of the Trust and since that date has been invested in a diversified portfolio of investments. This formed part of the transfer of assets into the new organisation which amounted to £53,140,809 at the date of transfer, 3rd June 2015.
The investment of the capital is the only source of ongoing income and the funds are invested in such a way as to seek total return over the long term in order to provide for real increases in annual grant giving while preserving the fund's capital base in real terms. This objective helps to protect a core of investments and cash assets to generate income for future year's grant awards sufficient to meet the needs of present and future beneficiaries.
The Trust sets out an annual budget to ensure, as far as is reasonably possible, that the charity's annual expenditure objectives can be met, given certain assumptions about the yearly and future income streams. Within the budget there exists the capacity, should the need arise, to curtail activities specifically of those new applications presented at the quarterly meetings. At present the Trustees are able to maintain operating costs at a relatively low level.
The Trustees will review this policy annually in the light of changing circumstances and alter it as necessary.
## **m) Debtors**
Debtors are recognised at their settlement amount. Prepayments are valued at the amount prepaid.
## **n) Cash at bank and in hand**
Cash at bank and in hand includes cash and short term liquid investments.
## **o) Liabilities**
Liabilities are recognised when the entity has a present obligation to transfer economic benefit as a result of past transactions or events, that will probably result in the transfer of funds to a third party and the amount can be measured or estimated reliably. Creditors are recognised at the settlement amount after allowing for any trade discounts due.
## **p) Financial Instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **q) Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The trustees do not consider that there are any key judgements or estimated uncertainty within the financial statements.
|**2**
**Investment income**
Listed investments
Interest from cash deposit
Total investment income
**3**
**Costs of raising funds**
Investment Management Fees|**2025**
**£**
**1,448,812**
**1,149**
**1,449,961**
**2025**
**£**
**251,699**|2024
£
1,452,369
991
1,453,360
2024
£
233,487|
|---|---|---|
48
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025**
**==> picture [463 x 178] intentionally omitted <==**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|2025|2024|
|4|Charitable activities|£|£|
|Costs of grantmaking|
|Educational Institutions|2,411,495|2,010,635|
|Competitions and prizes|188,622|199,786|
|2,600,117|2,210,421|
|Grants committed but not paid at start of year|(256,590)|(137,640)|
|Grants paid during the year|2,645,619|1,869,645|
|Grants committed but not yet paid at end of year|-|256,590|
|Grants awarded during the year|2,389,029|1,988,595|
|Grants awarded and paid during the year (pages 52 to 53)|2,389,029|1,752,005|
|Grants committed in year but not yet paid at end of year|-|236,590|
|Support and governance costs (see note 5)|211,088|221,826|
|Total cost of charitable activities|2,600,117|2,210,421|
**----- End of picture text -----**
Support costs have been allocated on a pro-rata basis on the level of grants paid under each category in the year.
**==> picture [463 x 297] intentionally omitted <==**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Educational|Competitions|2025|
|Institutions|and prizes|£|
|5|Support and governance costs|
|Grant administration|1,149|89|1,238|
|Accountancy fees|9,003|698|9,701|
|Audit fees|13,920|1,080|15,000|
|General office expenses|27,229|2,112|29,341|
|Staff costs and emoluments|144,593|11,215|155,808|
|195,894|15,194|211,088|
|2024|
|£|
|Grant administration|7,266|707|7,973|
|Accountancy fees|9,611|936|10,547|
|Audit fees|12,029|1,171|13,200|
|Legal and Professional|310|30|340|
|General office expenses|34,045|3,314|37,359|
|Office rental|26,483|2,578|29,061|
|Staff costs and emoluments|112,404|10,942|123,346|
|202,148|19,678|221,826|
|139205|226|13,547|2025|2024|
|Audit fees comprise:|£|£|
|Audit fee|15,000|13,200|
|6|Staff costs and emoluments|£|£|
|Salaries and fees|85,741|66,396|
|Social Security costs|3,066|1,595|
|Pension costs|67,001|55,249|
|Healthcare|-|106|
|155,808|123,346|
**----- End of picture text -----**
The Trust considers its key management personnel comprise the Trustees, Chief Executive and two Trust Executives. The total employment benefits of the key management personnel were £152,742 (2024: £121,751).
No employee had employee benefits (including salary and healthcare and excluding employer pension costs) of more than £60,000 in the year (2024: none).
The average number of employees, calculated on a full-time equivalent basis, analysed by function was:
Management and Administrative staff
**==> picture [90 x 18] intentionally omitted <==**
**----- Start of picture text -----**
|||
|---|---|
|2025|2024|
|2.08|1.58|
**----- End of picture text -----**
49
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2025**
## **7 Pension Costs**
The charity's contribution for the period to the scheme is as follows:
|Staff pension contribution
**8**
**Investment assets**
Listed investments
Market value at 1 April 2024
Additions during the year at cost
Disposal proceeds
Realised (losses) / gains
Un-realised gains
Market value at 31st March 2025
Cash held for Investment
Total Investment value at 31st March 2025
Investment at market value comprised of:
Pooled Investment Vehicles
Fixed Interest Securities
Cash
Historical Cost of Investments|**UK**
**£**
**13,720,634**
**4,072,859**
**2,237,002**
**20,030,495**|**2025**
**£**
**(346,619)**
**140,007**
**Overseas**
**£**
**42,865,753**
**2,576,899**
**-**
**45,442,652**|**2025**
**£**
**66,062,129**
**14,004,710**
**(16,624,082)**
**(206,612)**
**63,236,145**
**2,237,002**
**65,473,147**
**Total**
**£**
**56,586,387**
**6,649,758**
**2,237,002**
**65,473,147**
**57,807,407**|**2025**
**£**
**67,001**
2024
£
4,595,436
1,078,164|2024
£
55,249
2024
£
62,029,303
25,715,404
(27,356,178)
5,673,600
66,062,129
1,391,602
67,453,731
Total
£
59,381,793
6,680,336
1,391,602
67,453,731
59,216,633|
|---|---|---|---|---|---|
All the Trust's Investments are held in the United Kingdom.
50
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025**
|**9**
**Debtors and prepayments**
Interest and dividends receivable
Sundry debtors
**10 Creditors: amounts falling due within one year**
Accruals
Grants payable
Sundry creditors
**11 Unrestricted Funds**
General Funds
Balance at 1 April 2024
(Decrease) / increase during the year
Balance at 31 March 2025
**12 Analysis of Net Assets Between Funds**
Unrestricted Funds
Unrestricted Funds|**Investments**
**£**
65,473,147
65,473,147
Investments
£
67,453,731
67,453,731|**2025**
**£**
**71,036**
**804**
**71,840**
**2025**
**£**
**77,454**
**-**
**6,023**
**83,477**
**2025**
**£**
**67,737,954**
**(1,608,467)**
**66,129,487**
**Net Current**
**Assets**
**£**
656,340
656,340
Net Current
Liabilities &
Fixed Assets
£
284,223
284,223|2024
£
24,438
974
25,412
2024
£
77,012
256,590
6,904
340,506
2024
£
63,054,902
4,683,052
67,737,954
63,054,902
**2025**
**Total**
**£**
**66,129,487**
**66,129,487**
2024
Total
£
67,737,954
67,737,954|
|---|---|---|---|
## **13 Payments to Trustees and Professional Indemnity Insurance**
No Trustee received any remuneration from the Trust for their services during the year. Expenses amounting to £1,088 were reimbursed to three Trustees during the year (2024: £1,437 to three Trustees) in relation to travel costs.
Professional indemnity insurance with a cost of £1,549 (2024: £2,482) was bought to protect the charity and the Trustees from losses arising from neglect or default.
## **14 Related party transactions**
Grants were paid during the year to The CRUMBS Project £44,016 (2024 NIL) for which Peter A Jones is their Chair of Trustees and to the Royal Academy of Culinary Arts (RACA) £167,000 (2024 £89,149) for which William J Toner is a Trustee and Director. In accordance with the Charity’s conflicts of interest policy, Peter A Jones and William J Toner were not involved in the decision-making process relating to these grants and withdrew from any related discussion or vote. The Trustees are satisfied that these transactions were made on an arm’s length basis and in the best interests of the Charity.
## **15 Ultimate Controlling Party**
The Trustees are of the opinion that no one party exercises ultimate control of the charity.
## **16 Reconciliation of net movement in funds to net cash flow from operating activities**
|Net movement in funds
Deduct interest income shown in investing activities
Add losses / (deduct gains) on investments
(Increase) / decrease in debtors
(Decrease) / increase in creditors
**Net cash used in operating activities**|**2025**
**£**
**(1,608,467)**
**(1,449,961)**
**206,612**
**(46,428)**
**(257,029)**
**(3,155,273)**|2024
£
4,683,052
(1,453,360)
(5,673,600)
14,151
113,904
(2,315,853)|
|---|---|---|
51
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **GRANTS, PRIZES, SCHOLARSHIPS AND AWARDS FOR THE YEAR ENDED 31ST MARCH 2025**
|**GRANTS-EDUCATIONAL INSTITUTIONS/ASSOCIATIONS/CHARITABLE TRUSTS**
Abraham Moss Community School
Activate Learning Banbury College
Artichoke Trust
Beamont Collegiate Academy
Beresford Street Kitchen
Bishop Perowne C of E College
Blackburn College
Boston High School
Bothwellpark High School
Cambridge Regional College
Camphill School Aberdeen
Cardinal Wiseman Catholic School
Cheshire College South & West
Christoper Whitehead Language College
Communication Specialist College
Cornwall Hospitality Collective CIC
Danum Academy
Dene Magna School
Eastleigh College
Elgin Youth Development Trust
Fair Shot Charity
Farnborough College of Technology
Friends of Barnham Broom School
George Hastwell School
Get Fed Coffee CIC
Hackney School of Food
Hospitality Action
Hospitality Industry Trust (HIT) Scotland
Hospitality Professionals Association
Hotel School
Innholders Charitable Foundation
Inspire Culture
Inspired Community Group CIC
Institute of Hospitality
Lakefield College (Cesarani Scholarship)
Lancaster and Morecambe College
Leeds City College
Liberty Kitchen
Long Stratton High School
Lord Wilson School
Loughborough College
Louth Academy
Manchester Hoteliers Association
Manchester Metropolitan University
Manchester Youth Zone
Meadows School
Merton College
No Mise En Plastic
Newent Community School
Oaklands College
Only a Pavement Away
Oxford Brookes University
Padgate Academy
Priory Academy
Riverside College
Royal Academy of Culinary Arts
Royal Academy of Culinary Arts 'Adopt-A-School' Trust
Royal Academy of Culinary Arts - Colleges Community Programme
Runshaw College
Saira Hospitality
Saltash Community School
South Dartmoor Community College
South Devon College
Spitalfields Crypt Trust
Carried forward|**2025**
**£**
**50,000**
**10,000**
**4,000**
**13,539**
**5,000**
**-**
**10,000**
**40,000**
**8,000**
**37,000**
**-**
**45,000**
**28,000**
**7,500**
**-**
**10,000**
**15,788**
**-**
**-**
**4,500**
**10,000**
**-**
**-**
**-**
**7,500**
**10,000**
**50,000**
**40,000**
**-**
**107,633**
**47,405**
**25,000**
**7,500**
**47,000**
**5,000**
**-**
**(26,428)**
**25,000**
**-**
**8,715**
**65,000**
**8,840**
**52,000**
**3,375**
**-**
**9,076**
**13,000**
**7,500**
**-**
**33,830**
**10,000**
**2,500**
**33,050**
**40,000**
**8,608**
**-**
**78,500**
**75,000**
**-**
**26,580**
**40,000**
**40,000**
**39,200**
**-**
**1,238,711**|2024
£
-
-
-
-
5,000
75,000
-
-
-
-
29,935
-
-
-
35,000
-
-
8,056
14,323
-
-
29,420
3,000
27,082
-
-
-
30,000
12,500
126,500
40,278
-
-
40,000
-
125,000
-
-
10,000
-
-
-
40,000
-
19,584
-
-
-
30,000
-
-
2,500
-
-
8,661
-
82,649
-
4,500
8,860
-
-
43,700
4,500|
|---|---|---|
|||856,048|
52
## **THE SAVOY EDUCATIONAL TRUST CIO**
## **GRANTS, PRIZES, SCHOLARSHIPS AND AWARDS**
## **FOR THE YEAR ENDED 31ST MARCH 2025**
|**GRANTS-EDUCATIONAL INSTITUTIONS/ASSOCIATIONS/CHARITABLE TRUSTS (continued)**
Brought forward
Square Food Foundation
Stanwell Events CIO
Team Domenica
TEC Partnership - Grimsby Institute
The 3Rs Horse Rescue Centre
The Burnt Chef Project
The Clink Charity
The Cooper School
The Crumbs Project
The Felix Project
The Geoffrey Harrison Foundation
The Illuminare Multi Academy Trust (Harton Academy)
The Parish Trust
The Springboard Charity
Ulster University
University College Birmingham
University of Bedfordshire
University of West London
Wellacre Technology Academy
Well Grounded Jobs CIC
West College Scotland
Will Adams Academy
Worsley College
Yeovil College
York College
**GRANTS-COMPETITIONS & PRIZES**
Association Culinaire Francaise (North West)
British Culinary Federation
Cardiff and Vale College - Culinary Olympiad
City of Glasgow College (Culinary Olympiad)
Dupree International "Inspiring Culinary Generations"
International Wine and Food Society
Nestle UK Ltd - Toque d'Or
Royal Academy of Culinary Arts - Annual Awards of Excellence
Royal Academy of Culinary Arts - Ramon Pajares Excellence Scholarship
South East Regional College - Culinary Olympiad
The Craft Guild of Chefs - Graduate Awards
The Springboard Charity FutureChef Programme
The Todiwala Foundation
University Hospitality Seminars
Westminster Kingsway College - Culinary Olympiad
**GRANTS AWARDED AND PAID DURING THE YEAR**
Grants awarded in 2024 and paid in 2025
**GRANTS PAID DURING THE YEAR**
**GRANTS AWARDED AND NOT PAID AT THE END OF THE YEAR**
Be Inclusive Hospitality CIC
Change Please Foundation
Down Syndrome Development Trust
Food Teachers Centre
Gold Service Foundation
Heart of Bucks Community Foundation
Nestle UK Ltd Toque D'Or
North West Kent Alternative Provision Service
Royal Academy of Culinary Arts
Ss John Fisher Thomas More RC High School
St James CofE High School
The Craft Guild of Chefs
Wiltshire College & University Centre
Worsley College
Youth Options|**2025**
**£**
**1,238,711**
**-**
**10,000**
**10,000**
**-**
**3,000**
**10,000**
**73,000**
**-**
**44,016**
**30,000**
**40,500**
**9,000**
**-**
**500,000**
**10,000**
**48,000**
**-**
**12,844**
**20,000**
**125,000**
**7,000**
**3,000**
**3,000**
**10,000**
**10,000**
**2,217,071**
**-**
**5,000**
**3,500**
**3,500**
**-**
**3,500**
**17,600**
**6,500**
**7,000**
**2,508**
**6,000**
**100,000**
**5,000**
**8,250**
**3,600**
**171,958**
**2,389,029**
**256,590**
**2,645,619**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|2024
£
856,048
4,500
-
4,500
139,000
-
-
-
40,000
-
-
40,500
-
6,458
500,000
10,000
-
6,984
-
-
4,500
-
-
-
-
-
1,612,490
3,169
5,000
4,000
-
2,478
1,000
(3,000)
6,500
-
2,508
6,000
100,000
-
7,860
4,000
139,515
1,752,005
117,640
1,869,645
10,000
20,000
10,000
9,690
10,000
10,000
19,400
10,000
20,000
45,000
45,000
6,000
30,000
1,500
10,000
256,590|
|---|---|---|
53