Setting up a Trust Fund for a child

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I'm after some advice about setting up a trust fund for a child.

I have been made executor of my sister in laws will who passed away recently. She has left her estate (only cash) to her daughter who is 13. Her will states that she wants her to receive her inheritance when she turns 21.

The amount is going to be around the £220,000 mark and I'm after some advise in setting up a fund that ensures the money is completely safe but ideally makes some money.

Does anyone have any advice? Ideally I want it to be as straight forward as possible and would like to set up my other sister in law as a trustees too.

Thank you

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