GOLGI FOUNDATION TRUSTEES’ ANNUAL REPORT 2024
For the period: 8 July 2024 to 31 December 2024 (Six-month repor�ng period following incorpora�on)
1. Reference and Administra�ve Details
Charity name: Golgi Founda�on Charity registra�on number: 1209018
Registered address:
680 Seven Sisters Road London N15 5NE
Email: golgifounda�on@gmail.com
Trustees who served during the year:
-
Shamima Begum BSC
-
Sam Welton BA
-
Chris�na Mitrenste MA
Governing document:
CIO Cons�tu�on Date adopted: 08 July 2024 Changes during the year: None
2. Structure, Governance and Management
Golgi Founda�on is a Charitable Incorporated Organisa�on (CIO) governed by a cons�tu�on adopted on 08 July 2024.
The charity is managed by its trustees, who are appointed in accordance with the governing document. Trustees meet as required to oversee the strategic direc�on, ac�vi�es, and financial management of the charity.
As this was the charity’s first year of opera�on, covering a six-month period from incorpora�on in July 2024 to the year end, governance arrangements were established during this �me and con�nue to develop as ac�vi�es expand
3. Objec�ves and Ac�vi�es
The objects of the charity are:
For the public benefit, to advance educa�on in cra�s and cra�smanship, and to promote the arts and heritage of such cra�s, in par�cular with a focus on rare and endangered cra�s through, but not limited to, workshops, appren�ceships, exhibi�ons and demonstra�ons.
The trustees have had regard to the Charity Commission’s guidance on public benefit and confirm that the charity’s ac�vi�es during the period furthered its charitable purposes.
4. Achievements and Performance
During the six-month repor�ng period, Golgi Founda�on delivered a programme of prac�cal, educa�onal ac�vi�es aligned with its charitable objects. These included:
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Workshops and demonstra�ons of armour-making techniques
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Clay cra� workshops, including tradi�onal slip-moulding
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Tradi�onal mould-making classes
These ac�vi�es were designed to engage members of the public in hands-on learning and to support the preserva�on and transmission of tradi�onal and endangered cra� skills. A�endance was posi�ve, and feedback from par�cipants was encouraging, demonstra�ng
Although overall ac�vity levels were lower than originally forecast due to the charity opera�ng for only part of the year, the trustees consider the programme a successful founda�on for future development.
5. Financial Review
Income and expenditure
During the repor�ng period, the charity received total income of £2,060, all of which arose from fundraising ac�vi�es.
Total expenditure for the period was £1,060, comprising:
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Ar�s�c programme and venue / u�li�es costs: £946
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Administra�on costs: £114
Financial posi�on
At the end of the repor�ng period, the charity held £1,100 in its bank account and had no outstanding liabili�es. The trustees are sa�sfied with the charity’s financial posi�on.
Reserves policy
Given the charity’s early stage of development, the trustees aim to maintain a modest level of reserves sufficient to meet short-term running costs and to support the delivery of future ac�vi�es.
6. Plans for Future Periods
In the coming year, the trustees intend to:
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Increase the frequency and range of workshops and demonstra�ons
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Expand public engagement and par�cipa�on
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Explore partnerships that will enhance learning opportuni�es and extend the charity’s reach
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Increase income to support a broader programme of ac�vi�es
7. Statement of Trustees’ Responsibili�es
The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and regula�ons.
The trustees are responsible for keeping proper accoun�ng records, safeguarding the assets of the charity, and taking reasonable steps to prevent and detect fraud and other irregulari�es.
8. Approval
This report was approved by the trustees on 05 January 2025
Signed on behalf of the trustees:
Name: Sam Welton Role: Trustee
TEMPLATE 2 — SIMPLE ACCOUNTS (Receipts & P
Option A — Excel (recommended)
Open Excel and create three sheets with the following headings.
Sheet 1: Receipts
Date Descripti Source Restricte Amount on d (Y/N) (£)
Total receipts: £
Sheet 2: Payments
Date Descripti Category Restricte Amount on d (Y/N) (£) Total payments: £
Sheet 3: Summary
Amount Item (£) Opening balance Total receipts Total payments Closing balance
'ayments)
Payments
Date Descripti Category Restricte Amount on d (Y/N) (£)
Total payments: £
Summary
Amount Item (£) Opening balance Total receipts Total payments Closing balance
GOLGI FOUNDATION SIMPLE ACCOUNTS 2024-2025
| Descripton of receipt | £ | Descripton of payment Charitable actvites |
£ |
|---|---|---|---|
| Donatons (general) | 560 | (please specify) | |
| Gif Aid claimed | Rent / room hire | 345.53 | |
| Grants received | Utlites | 599.08 | |
| Fundraising income | 1500 | Insurance | 36 |
| Professional fees (e.g. | |||
| Membership fees / subscriptons | accountancy) Administraton / |
||
| Bank interest | statonery | 23.58 | |
| Other income (please specify) | 0 | Fundraising costs | |
| Total receipts | 2060 | Bank charges | 41.71 |
| Other payments (please | |||
| specify) | 15.63 | ||
| Total payments | 1061.53 |
Statement of Balances
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Opening Closing balance
Account balance (£) (£)
Cash in hand 0
Bank current
account 100 1100
Bank savings
account
Total balances £100 £1100
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