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R W Mann Trust
Improving the lives of people and communities in Newcastle and North Tyneside
Founded: 1955
Charity Details
Full Name: R W Mann Trust
Founded: 1955
Type: Independent
Where Operates: Newcastle and North Tyneside
Headquarters: Newcastle, NE3 4WF
Charity No: 1095699
History and Activities
Reginald Mann was the co-founder in 1929 of the mining equipment firm Victor Products, based in North Tyneside. In 1955, Victor Products floated on the London Stock Exchange and two years later Mann gifted shares in the company to form the RW Mann Trust with the intention of giving back to the local community in North Tyneside. Since 1955 the Trust has made grants in excess of £4 million.
The Mann Trust predominantly makes small grants to community groups, consistent with its founder’s belief that local charities could mobilise the efforts of volunteers and knew best what needed to be done. He also believed that he had a duty to give back to the local people who had helped make his business a success. Those who knew him personally say that he was a warm and generous person who gained pleasure from helping those less well off than himself.
In the financial year ended 31 March 2018, the trust made grants totalling £150,067 to 140 groups, averaging £1,072, including scout troops, soccer teams, health and disability support groups, arts organizations, schools, colleges, youth clubs, heritage organizations.
Vital Statistics (year to 31/03/2018)
| Total Income:
| £75,813
|
| Voluntary Income:
| £10,000
|
| Investment Income:
| £65,813
|
| Employees:
| 1
|
| Total Expenditure (TE):
| £173,926
|
| Grants to Beneficiaries (GR):
| £150,067
|
| GR as % of TE:
| 86.3%
|
| Investments at Year End:
| £2,305,214
|
Website
http://www.rwmanntrust.org.uk/