Plans for Future Periods
The Trustees aim to continue to increase annual income levels and to consider and support the widest range of charitable activity consistent with their objects and their grant making policy. The Trustees are, however, mindful of the levels of income reserves and of the need to budget properly for the substantial forward commitments made to Oxford University over the next two years. This means that they may not be able to make the same overall levels of grants to other projects as in previous years. Where possible, the Trustees aim to consider together similar appeals within particular categories. However, they are mindful of the value of retaining some flexibility in the process by which applications are considered.