## **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: 

- Workshops and demonstra�ons of armour-making techniques 

- Clay cra� workshops, including tradi�onal slip-moulding 

- 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: 

- Ar�s�c programme and venue / u�li�es costs: £946 

- 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: 

- Increase the frequency and range of workshops and demonstra�ons 

- Expand public engagement and par�cipa�on 

- Explore partnerships that will enhance learning opportuni�es and extend the charity’s reach 

- 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**<br>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)<br>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** 


**----- Start of picture text -----**<br>
Opening  Closing balance<br>Account balance (£) (£)<br>Cash in hand 0<br>Bank current<br>account 100 1100<br>Bank savings<br>account<br>Total balances £100 £1100<br>**----- End of picture text -----**<br>