THE GEORGE DANIELS’
REGISTERED CHARITY NUMBER 1096
11th AUGUST 2020
SUPPLEMENTAL TO THE GEORGE DANIELS’
EDUCATIONAL TRUST DEED DATED
23rd DECEMBER 2014
THIS CHARTER is dated the 11th day of August 2020
The George Daniels’ Educational Trust (the ‘Trust’) was established by way of a gift of the residue of the estate of the late Doctor George Daniels CBE, FBHI upon a discretionary charitable trust.
The terms of the Trust are set out in a trust deed approved by Court Order dated 23 December 2014, as may be amended from time to time, (the ‘Trust Deed’).
THE LATE DOCTOR GEORGE DANIELS CBE, FBHI
George Daniels was a watchmaker for more than 60 years and was presented with more of his profession’s highest honours than any other person. He was one of the few living watchmakers able to create the many parts required to make a watch by hand. His greatest contribution to the watchmaker’s art was to develop his Co-axial escapement which has been described as the most important horological development for over 250 years. He was a noted author and his books, ‘Watchmaking’ and ‘The Art of Breguet’, are the definitive guide books on the subject. Those wishing to learn more about the life and character of this extraordinary man are encouraged to read his autobiography ‘All in Good Time’ (ISBN 9780856676802), published by Bloomsbury Publishing.
George Daniels was passionate about education and aspired to bring watchmaking back to Britain. It was Dr Daniels’ wish to support students demonstrating initiative and merit, but lacking the resources necessary to realise their ambitions, so that they might advance their education and further the development of the disciplines of Medicine, Engineering, Horology and Building or Construction. The Trust is a lasting tribute to a remarkable man.
In accordance with their powers and duties under the Trust Deed, the Trustees will work to promote the charitable objects of the Trust, specifically the support of education in the disciplines of Horology, (including traditional watchmaking practices), Medicine, Engineering and Building or Construction, within the Isle of Man and the United Kingdom. It was Dr Daniels’ hope that in assisting persons in furthering their education they will find employment within the British Isles, thereby retaining skills, and promoting industry, within the geographical scope of the Trust.
The Trustees will exercise their discretion in respect of distributions of income and capital for the benefit and in furtherance of the charitable objects of the Trust.
The Trustees have a duty to protect the capital of the Trust, and will continue to administer the Trust with the aim of preserving and enhancing capital, whilst producing an annual income. There are currently no proposals to make distributions of capital in the immediate future.
Notwithstanding the wide discretionary powers of the Trustees, it is recognised that there will be occasional need for objective and qualified counsel in furthering the charitable objects of the Trust and, where necessary, advisory committees will be convened if a specific task or issue requires it.
Representation on any such committee will be based upon identifying individuals possessing the knowledge, skills and objectivity necessary to addressing the task at hand. The Trustees will ensure appropriate representation from industry, and educational providers working close
to industry. Such a committee will have a specific function and therefore a finite life. Having reported its findings the committee will have accomplished its purpose and be dissolved.