Trustees’ Annual Report for the period
From 1/1/2021 To 31/12/2021
Charity name: Goldfinch Charity
Charity registration number: 1186984
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Goldfinch Academy exists for the public benefit to advance education in the subject of film making in the film and television industries with the aim of producing higher standard of films in the UK in such ways as the charity trustees think fit |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity aims to advance education of film making in the film & TV industries with the aim of producing higher standard of films in the UK by: 1. Awarding grants or bursaries to individuals for education and project costs 2. Providing their education across filmmaking, digital video production, screenwriting, & financing, through both online on-demand courses, podcasts, and onsite workshops. The charity started initial grant making in the period. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Grants are made to applicants to fund education and projects costs after assessment by trustees and experienced advisors |
| Policy on social investment including program related investment |
Para 1.38 | No social investments held |
| Para 1.38 | The charity relies on voluntary assistance from both trustees and |
| Contribution made by volunteers |
others experienced in the sector who wish to support high quality film making. |
|
|---|---|---|
| Other | None |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity was set up in the period when the Covid 19 pandemic hit, and the trust’s activities were suspended. There has only been limited development of its programme of activities and fund raising since. One grant was made to an individual in the period. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity had no free reserves at the end of the period, but has no cost commitment either. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No reserve policy has been developed yet. |
| Amount of reserves held | Para 1.22 | £Nil funds |
| Reasons for holding zero reserves |
Para 1.22 | The Trustees will only fund further grantmaking when income allows; the only costs going forward are bank charges which are covered by donations from the Trustees, so reserves are not needed. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Grant making will be dependent on donation income arising, so activity will be curtailed pending further income being generated. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are sought who have an understanding of the sector and specialist skills as appropriate |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Goldfinch Charity |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1186984 |
| Charity’s principal address | 123 REGENTS PARK ROAD LONDON NW1 8BE |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| KirstyBell | ||||
| PhillipMcKenzie | ||||
| Ian Gibbon | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Kirsty Bell Position (eg Secretary, Trustee Chair, etc) Date 29/10/22
Goldfinch Academy No (if any) Receipts and payments accounts CC16a For the period Period start date Period end date from 01/01/2021 31/12/2021
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 832 - - - - - - - 832 - - - 832 5,000 388 - - - - - - - 5,388 - - - 5,388 - 4,556 - 4,556 - |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 832 - - - - - - - 832 - - - 832 5,000 388 - - - - - - - 5,388 - - - 5,388 - 4,556 |
Total funds to the nearest £ 832 - - - - - - - 832 - - - 832 5,000 388 - - - - - - - 5,388 - - - 5,388 - 4,556 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 832 | - - - - - - - - - |
832 | - | ||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
832 | 832 | - | |||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- | ||||
| - | - | - | ||||
| Sub total | - | - | - | |||
| Total receipts A3 Payments |
||||||
| - | 832 | - | ||||
| Grants | 5,000 | - - - - - - - - - - |
5,000 | - | ||
| Support costs | 388 | 388 | - | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total | 5,388 | 5,388 | - | |||
| A4 Asset and investment purchases, (see table) |
||||||
| - | - - - |
- | ||||
| - | - | |||||
| Sub total | - | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | 5,388 | - | ||||
| - 4,556 |
- | - | - 4,556 |
- | ||
| - | - | - - |
- | - | ||
| 4,556 | - | 4,556 | - | |||
| - | - | - | - | - |
CCXX R1 accounts (SS)
31/10/2022
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Bank account Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name KirstyBell |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| KirstyBell | 29/10/2022 | ||
CCXX R2 accounts (SS)
2