Important message from Ed Wadsworth (retired Board member)
"I like to give things a go and I want to help people. It is impossible to help everyone, but if I can make a big difference, or even a small difference to someone’s life I want to do that. I was nervous at my first Board meeting, but over the years I have become more and more confident and now I am sure I am making differences to people’s lives."
In April 2019 Ed Wadsworth retired from the Mencap Trust Board after 4 years of exceptional support. Ed has a learning disability and is a wheelchair user. Under Ed's guidance Mencap Trust created 2 paid Trust Admin posts. Ed also helped us review and improve the ways we communicate with people who have trusts. We will be interviewing for Ed's replacement in the next few weeks.
The board’s aim
The board aim to look after the interests of each beneficiary as effectively, professionally and economically as possible. We want to ensure our settlors have peace of mind and make the future more secure for their loved ones, our beneficiaries.
Mencap Trust Company holds legal title to assets for each beneficiary. The assets do not belong to the Trustee - they are held on behalf of the beneficiary. Our discretionary trust service means that the Trustee decides payments to the beneficiaries, how much to pay, and which benefits to make payments to.
Trustee Duties and powers of the Trustee are set out in the Trustee Act 2000 and include:
- to exercise reasonable care and skill (“duty of care”)
- to protect and safeguard trust assets
- to manage the trust assets for the benefit of the beneficiaries
- to comply with the terms of the trust deed
- to act fairly and impartially between the beneficiaries
- not to profit from the trust and avoid conflicts of interest between the Trustee’s own interests and those of the trusts
- to keep clear and accurate accounts
- to carry out specific duties in relation to investment.
Meet the Board
Edward Wadsworth (retired April 2019)
In November 2014 we had the good fortune to recruit Ed Wadsworth to the Mencap Trust Company Board. Ed is passionate about making a difference to the lives of people with a learning disability. He was unable to make himself clearly understood until he was in his 30s.
Ed has set us very high standards for communication with our beneficiaries. Ed's firsthand experience of having both physical and learning disability has been invaluable in Board discussions and decisions.
Christine Cryne (Chairwoman)
Christine Cryne has a deep understanding of learning disability and other disability (gained through her work with Brain Wave, Muscular Dystrophy Campaign and Dimensions). Christine is chair of Dimensions Quality Committee and is expert in evaluating and championing person-centred services.
Christine is passionate about the potential each trust fund represents. Used thoughtfully, each fund will enhance the wellbeing of each person for the whole of their life.
Gary is a Wealth Manager with Coutts & Co (UK Private Banking) and has over 20 years of experience in financial services. Gary advises his clients on how to select investment managers.
Gary’s knowledge brings assurance that investment management performance is appraised and understood, and that the selection of investment strategies for each trust is based on well-informed principles.
Lynn is the Director of North West Training and Development and CEO of Pathways Associates CIC. Both organisations support people with learning disabilities and their families to strongly influence planning of local authority and health services.
Lynn is mother to 6 children, one of whom has a learning disability. She is also a qualified social worker with expert knowledge on the rights of people with learning disability.
Heike is a corporate finance expert and her skills include review and improvement of business and investment plans as well as corporate governance. Heike retired from her post as a partner with global leading consultancy firm AlixPartners in 2016 and in 2017 she took on a new challenge of studying for an arts degree. Heike’s personal experiences with friends and family make her passionate about helping to improve the situation for people with learning disabilities.
Jean is a qualified nurse, and specialised in palliative care. She has volunteered for her local Gateway for more than 14 years. She is co-chair of North Lincolnshire Learning Disability Partnership, a role she shares with 2 co-chairs, both adults with a learning disability.
Jean is passionate about supporting people to campaign and speak for themselves she also has a daughter with learning disability.
Companies we work with
Golden Lane Housing
Golden Lane Housing is part of the Mencap family and the preferred landlord for property held in trust. Golden Lane Housing specialises in housing people with a learning disability and has helped over 1,200 tenants choose their own homes. It also gives advice and guidance to hundreds of families each year.
Investec manages the investments of each trust fund. Directors review Investec’s performance each year, and to date, this has been consistently above market benchmarks.
Deloitte completes annual tax returns for each of our trust funds. By using complementary trust account software, the trust company has been able to negotiate lower fees for this service.