THE GOLIATH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's mission statement is as follows:
"To raise funds to provide targeted extra financial support for primary schools serving disadvantaged communities in Belfast, in order that educational outcomes in those schools are significantly improved"
The key strategic objectives set for the year are:
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To encourage pupils, teachers and parents to aspire individually and collectively to improved educational achievement and better educational outcomes so that life can be better for those who are currently disadvantaged.
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To work with school principals and teachers to motivate pupils to improve school attendance and to sponsor schoolbased reward schemes for the pupils with high levels of attendance.
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To provide additional, specialist training for teachers, in order to maximise the use of all the available, technology and digital devices, so as to improve the education of pupils in a range of I.T. skills.
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To organise meetings, workshops and seminars where teachers from schools in disadvantaged areas can come together to discuss the challenges that they face and share best practice in finding solutions to the problems and issues that they face.
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To provide, assistance, in terms of small amounts of finance both to set up and to sustain parent engagement initiatives in schools where appropriate
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To provide assistance in in terms of small amounts of finance both to set up and to sustain special nurture units in schools that have identified them as a need.
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To continue to work with educators in disadvantaged neighbourhoods in Belfast to find ways to improve circumstances and enhance the personal development of the pupils under their care.
FINANCIAL REVIEW
Principal funding sources
The principal funding source of the charity is through donations from individuals and businesses who support our objectives.
Reserves policy
The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3- and 6-months expenditure.
FUTURE PLANS
The charity is committed to the continued provision of current services and support to primary schools, subject to satisfactory funding arrangements.
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THE GOLIATH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 25th August 2017.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
The Memorandum lists the company's objects as the advancement of community development for the public benefit in Education, in particular but not exclusively by any or all of the following means:
(i) supporting and developing the work of school principals, teachers and parents through charitable activity which seeks to improve the quality of life of the citizens of the area of benefit;
(ii) Raising educational outcome expectations in both pupils and parents.
(iii) Building mutually beneficial linkages between donor companies and recipient schools.
(iv) Increasing the knowledge and I.T. capacity of individual citizens growing up in disadvantaged communities.
In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the company's articles of association shall manage the business of the company and exercise all powers of the company. At each annual general meeting one third of the directors retire by rotation. Due to the nature of the charity's work the trustees seek to ensure that the needs of the community are appropriately reflected through the diversity of trustees. To enhance this, trustees are sought who can demonstrate interest and understanding of the charity's work.
Organisational structure
The Charity is managed by a voluntary board of members. The board oversees the Charity through a general manager who has designated responsibility for its day to day operational management, individual supervision of staff where appropriate and ensuring that the team continues to develop their skills and working performance in line with good practice. The financial aspect of the charity is managed by the charity's finance committee whose function is to monitor and report to the board to enable it to make informed funding decisions for the charity not only for the present but also in ensuring its objectives are sustained going forward.
Key management remuneration
The total employee benefits of the key management personnel of the charity were £9,443.
Related parties
There are no related parties within the financial year under review.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI647635 (Northern Ireland)
Registered Charity number
107956
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THE GOLIATH TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
Registered office
St Mark's Rectory 119 Ligoniel Road Belfast Co. Antrim BT14 8DN
Trustees
Dr A McDonnell Retired GP, Politician J K P McCaffrey Fundraiser (resigned 22/3/2022) R T Hayden Public Affairs/ PR Consultant The Rt Rev A F Abernethy Retired Bishop Ms M D McDonald Retired P Crawford Head Of Creative Learning, Lyric Theatre Lady D Trimble Retired Ms T Galvin Education Developer Mrs M E Madden Retired Ms S Scott Teacher R A Dunlop Retired J J M O'Boyle Teacher MS V Parr Teacher (appointed 22/3/2022)
Company Secretary R T Hayden
Independent Examiner
M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
Bankers - Danske Bank
Solicitors
Macaulay Ritchie Solicitors 11 Talbot Street Belfast BT1 2LD
Approved by order of the board of trustees on 24[th] November 2022. and signed on its behalf by:
........................................................................ The Rt Rev A F Abernethy - Trustee
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