The following principles explain the DAVIN SPORT TRUST’s unique approach to fundraising, the selection of beneficiaries, ongoing support and review programs to monitor the students, as well as the regular audit process of the charity. The following key words summaries the principles:
- Integrity – the reputation and integrity of the DAVIN SPORT TRUST is precious and will not be compromised. The right caliber of TRUSTEES ensure that the reputation for excellence and the highest financial probity is never compromised – even if this means progressing more slowly.
- Sustainability – The DAVIN SPORT TRUST is dealing with long-term athlete development and must therefore be able to deliver on any commitments it makes in the long term. Funding and all activities must therefore be sustainable. We shall not, at any point, withdraw support from a beneficiary because we have failed to deliver on our plans.
- Selectivity – The DAVIN SPORT TRUST is highly selective and rigorous in terms of the BENEFICIARIES, the TRUSTEES and the activities it undertakes. The trust is a focused, niche organization.
- Personal – the involvement of the TRUSTEES is personal; they give their time - not just to support the work and management of the DAVIN SPORT TRUST through their individual skills - but also to get involved with the BEFEFICIARIES through mentoring and/or active participation in the activities with them.
The reputation and integrity of the DAVIN SPORT TRUST will not be compromised and excellent Corporate Governance is high on our priority list. The Trustees share a passionate commitment to the DAVIN SPORT TRUST’s reputation for excellence and the highest financial probity.
The DAVIN SPORT TRUST has a Finance Committee in place, overseeing all expenditure and funds raised. The DAVIN SPORT TRUST is in a sound financial position and we pride ourselves on an almost zero administration cost to income ratio since inception in 2007. This is verified yearly by an independent auditor, SGA, who conducts a full annual audit of all financial statements.
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