Reginald William Mann of Victor Products in Wallsend bequeathed an amount of money to be invested.
He stipulated in his trust deed that …..
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The fund is to be overseen by Wallsend Borough Council, now North Tyneside Council.
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A Board of Trustees is to be appointed by the Council every 3 years. This is a non executive committee and trustees are decided by Council Members.
Quarterly meetings are to be held to consider applications for grants from groups or individuals:
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People over 60 years of age
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On a low income
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Living in the Wallsend (NE28) area.