TTrIE GOLIATH TRUST Report of the Trustee The liustees wlio are also dii'e¢tors of the charity for the puOseS of the Companies Act 2006, present their iEpoi'l witli the financial staleinenls of the charily foi- tlie ycar ended 31 August 2023. The trustees have adopted the pi'ovisions of Accounting and Reporting by Chat'ities.. Statemeni of Recomn)¢nded Practice applicable to cl)arities prepai'ing their a¢counts in accordance witli tli¢ Financial Reporting Standard applicable in ikne UK and Republic of Irelai)d (FRS [02) (effective l Janii¢1ry 2019). OBJECTIVES AND AcfivIi'iES Objeetlves and aims The cliarity's mission slat¢nient is as follows,. "To raise funds to pi'ovide tai'geted exliz financial support for primary schools serving disadvantaged communities in Belfast, iii ol'der that educational outcomes in tliose schools are significan¢ly improved" The key strategic objectives set for the year <llt: l. To encourage pupils, teachers &nd parents to aspire individually and collectively to improved educational achievement and better educational oiilcoines so that life can be belter foi. those who are CUiTently disadvantaged. 2. To woi'k willi school pi'incipals and leach¢i3 lo niotivate pupils lo improve school attendartcc and to sponsor school- based rewai'd schenies for the pupils ivitl) high level.% of atleiidance. 3. To pi'ovide additional, specialist traitiing foi. teacheis, in ol'der to maximise the use of all tlie available, technology and digital devices, so as to impiDve tlie education of pupils in a 17n8e of l.T. skills. 4. To organise meetings, workshops and seminars where teachers from schools in disadvantllged areas can come togeiher lo discuss tlie cl)allenges Iliat tliey face and share best praclice in findii)g solulions to tlie probleins and issues tliaL tliey face, 5. To piDvide, assistance. iii temis of small aniounts of finance bolh to set lip and lo suslaiii pai'ent engagenient initia¢ivcs in scliools wliere approprialc 6. To pi'ovidc assistance in in tern)s of sinall ainounls of finance both to sel up aiid to sustain special iiurtur¢ iinits iii schools that have identified theni as a need. 7. To continue to work witli educators in disadvantaged neighbourlioods in Belfast to find ways to improve cii-cuinstances and enhance Il)e ponal developinent of11)e pupils under tlieii- caiE. FINANCIAL REVIEW Pi'iiicipal fuiiding 50ur¢es Tlie pi'incipal fiinding souire of the charity is through donations froiii individuals and biisinesses wl)o suppoit oui. objectives. Resei'ves policy The trustees have examined the charity's requirements for reserves in light of the Inain risks to th¢ oi'ganisation. It has established a policy wliei'eby the unrestriclcd funds i)ot cominitted oi. inves*d in tangible fixed assets held by thc Chai'ity should be between 3- and 6-monihs expenditure. FUTURE PLANS Tlie ¢harity is committed to the continued provision of cunrnt services and support to piimaiy schools, subject to satisfactory funditig anangements.
THE GOLIATH TRUST Repoi't of the Trustee STRUCTURE, GOVERNANCE AND MANAGEMENT Govej'niiig document I"lie chai'ity is controlled by its governing document. a deed of tSt, and coiistitutes a liniited compaiiy, liinited by guaiantee, as defined by the CompanÈes Act 2006. The organisation is a cliaritable company lin)ited by giiarantee. in¢orporat¢d on 25tli August 2017. The compai)y was established ui)der a Memoranduni of Association wliich tablIs1]ed the objects aiid powers of the chai'ilable coiiipany and is governed under ils Articles of Association. Tlie Memorandum lists the colmpanS objects as thc advanceinent of Cominunity developmeni for the public benefit iii Educalion, in particulai. but not exclusively by any or all of the following means: (i) suppoiting and developing the work of school pi'incipals. teaclietE and parents tlirough charitable activity which seeks to iinpi'ove tlie qu1¢ lity of life of dje citizens of Ilie llrea of benefit. (li) Raising educational outcome expectations in boih pupils and parents. (iii) Biiilding iniLtually beneficial linkages between donor compani and rccipient scliools. (iv) Increasing the knowledge and l.T. capacity of individual citizens growing up in disadvantaged ¢oniinuiiiti¢s. In the event of the company beii)g wound up ineinbeTS are required to contribute an amouiit not exceeding £1. Reei'uitment lind appointment of llew trustees The directors of the compaiiy are also cl)arity Iruslees for the pUoSe of charity law and undei. tlie company's articles of association sl)all iiianage the business ol. Il)e company and exei'cise all poiveiE of the coinpany. Al each annual genei'al meeting one tliii'd of tlie dire¢iors retire by i'oialioii. Due lo tlie nattiie of Ilie cliarity's woi'k tlie Irustees seek to ensure tliat tlie necds of tl)¢ cominunity are appropriately refleCd tIvou8h (lie diversity of tiuslees. To cn118nce this, Inistees al'e soiiglit wlio can demoiistszte interest and Undelanding of the cliarity's work. OrgqiiisatlonY41 sti'uctui'e The Charity is nianaged by a voliiillary board of members. The board ovcrsees Ihc Charity through a genei'al manager wlio has designated i'esponsibility for ils day lo day operational managenient, individual supervision of staff wheir appi'opiiate and ensuring that the team continues to develop theii. skills and working perfoiThance in line with good pi'actice. The financial aspect of Ilie chaiity is manaoed by the charity's finance comiiiittce whose function is to inonitoi. and report to the board to enable it to make infonned funding decisions for tlie chai'ity not only foi. the pi'e8ent biit also in ensui'ing its objectives al'e sustained goiiig foard. RelAted pxi'tles 'I'liere al'e no related paities within tlie financial year under review. REFERLI TrICE AND ADMINISTRATIVE DETAILS Registered CoMpnY nunibei. N1647635 (Northel Ireland) Registei'ed Charity number 107956 Reglstered office St Mai'k's Rectory 119 Li¢Foniel Road Belfast Co. Antrini BT14 8DN
THE GOLIATH TRUST Report of the I'rustee Trustees Di. A McDoiinell Relii'ed GP, Polilician R T Hayden Public Affai1s1 PR Consultant rtreasurer Tlie Rt Rev A F Abernetliy Retired Bisliop Ms M D McDoI)2ld Retired P Ci'awfoid Head Of Ci'eative Learning) Lyric Theatre Lady D Ti'iillblc Retired MST Galvin Education Developer Mrs M E Madden R¢lired Ms S Scott Teacher R A Dunlop RetitEd J J M O'Boyle Teacliei. MS V Paii. Teaclier Independciit Exaniiner M.B.McGI'ady & Co Cliai'lered Accoiintanls Suite 2B Cadogaii House 322 Lisbuin Road Belfayl Co. Anli'im t3T9 6GH Bankers Danske Bank Sollcltoi's Macaulay Ritcliie Solicitors I l Talbot Slrcel Belfast BTI 2LD Appi'oved by oidei. of the boai"d of twstees on 29 May 2024 and signed on its behalf by.. Tlie Rt Rev A F Abemethy -
THE GOLIATH TRusr Balanee Sheet 31 AUGUST 2023 3118123 3118122 Notes CURRENT ASSETS Cash at bank 20,019 30,843 CREDITORS Amoiints falling diie witliin one year (300) (300) NET CURRENT ASSETS 19,719 30,543 I'OTAL ASSETS LESS CURRENT LIABILITJEI S 19,719 30,543 NET ASSETS 19,719 30,543 FUNDS Uni'esti'icled fullds.. Uni'Lsti'icled Resti'ict¢d fund8 10 19,719 26,501 4,042 TOTAL fuNDS 19,719 30,543 The chai'itable coinpany is entitlcd lo exemplion fiDm Audit under Section 477 of tlie Conipanies Act 2006 for the yeui. ended 31 August 2023. Tl)e members have not reqiiii'ed the company lo obtain an audit of its financial statements foi. tlie yeai. ended 31 Augusc 2023 it) accoi'dai)ce with Section 476 of the Coinpanies Act 2006. Tlie trLlStees acknowledge Iheii. respoiisibililies foi. (a) ensuring tliat the charitable company keeps accounting records that comply with Sections 386 and 387 of tlie Conipanies Act 2006 and pi'eparing financial statements wliich give a trne and fair view of the state of affai of the cl1.1t8b1e coiiipany As t the end of eaclj financial ycar and of its surpliis or deficit for e2cli financial year in ac¢oi'dancc willi the i'equiL'emeiils of Sections 394 and 395 and wl)icli otlieThvis¢ comply ivilh Ilie r¢quii-einellts of tlie Compaiiies Act 2006 relating to financial stateniei)Is, so fai. as applicable to tbe cliai'itable conlpany. (b) These financial Statements have been pi'¢pared in accordance with the provisions applicable to chai'itable coiiipanies subject to tlie sinall companies regiine. The financial statements were approved by tlie Board of Trustees and authorised for issue on 29 May 2024 and were signed on ils bel)alf by: A F Abernethy - Trustee The notes forn) part of these financial sta*tlltnts