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2021-03-31-accounts

Goldfield Productions Registered Charity 1173427

TRUSTEES’ ANNUAL REPORT and FINANCIAL STATEMENTS for year ended 31[st] March 2021

1

**GOLDFIELD

PRODUCTIONS**

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Reference and Administrative Details of the Charity

Charity Name: Goldfield Productions

Charity Registration Number: 1173427

Registered Address: Quarry Hills Barn, Loves Lane, Ashwell, Hertfordshire, SG7 5HZ

Constitution: Charity governed by Trust Deed dated 21 April 2017

Trustees:

Caroline Clegg (Chair) Alexis Paterson Georgina Romano Trevor Barlow Kate Romano (Artistic Director, Goldfield Productions)

Bankers: Barclays Bank

Independent Examiner: Paula Bibby CFA, MSc

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Structure, Governance & Management

The Trust Deed is the governing document for the trust. In our fourth year as a charity, the 5 original trustees remain.

Going forwards, trustees will be recruited, appointed and trained by the existing trustees. No external persons are entitled to appoint trustees. Trustee meetings are normally held three times a year to review the financial and operational state of the charity and to make key strategic decisions. However, the impact of the pandemic paused Goldfield Productions’ activity. The trustees met twice and also received updates via email.

**Objectives

& Activities**

Goldfield Productions create 'adventures in sound' for everyone; we find ways of presenting music and art that transform the everyday into the extraordinary and reawaken our ears. The charitable objectives of the CIO are:

The charity’s activities to achieve the objects include the organisation and delivery of high quality cross-­‐arts touring events for the public, concerts that regularly include contemporary and lesser known repertoire and delivery of regular education workshops to inspire and educate students at primary and secondary schools across the United Kingdom.

**Achievements

& performance**

The trustees have had regard to Charity Commission guidance on public benefit. Between 1[st] April 2020 and 31[st] March 2021, Covid-­‐19 continued to bring the vast majority of live performance to a standstill with grants mostly frozen, performance opportunities extremely limited and performers necessarily seeking alternative means of income. By taking the decision to pause almost all activity, we have maintained financial stability which will enable Goldfield to resume our work in subsequent years. In summary:

  1. We continued to nurture the Acorn String Quartet through occasional coaching when government guidance allowed. The young musicians performed a very successful concert in Madingley Hall (Cambridge) on 9[th] October 2020 as part of ACE Cultural Tours mini music festival

  2. Goldfield string players undertook short recording session (William Alwyn String Trio) on 14[th] October 2020 at Stapleford Granary for release on Stapleford Granary’s YouTube channel in 2021/ 2022

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Financial Review

In this financial year, Goldfield Productions maintained its reserves and financial resilience. The closing balance is £17,661 (unrestricted funds). £6000 of this is designated reserves.

In this FY, Goldfield’s sole source of income was earned income (£6750). Expenditure on artist activity was £468. Support costs were £660.

Goldfield hold fixed assets to the value of £6582 (van and projector)

**Approved

by order of Trustees and signed in accordance**

**Independent

Examiners Report to the Trustees of Goldfield Productions Charity No. 1173427**

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] March 2021

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

_Basis

of the independent examiner's report_

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed: Date: 17/01/2021

Paula Bibby, CFA, MSc 19 Turpins Way, Baldock, Herts, SG7 6LW

Charity Name Charity Name Charity Name Charity Name Charity Name No(if any) No(if any) CC16a
Goldfield Productions 1173427
Receipts and payments accounts
For the
period from		 Period start
date		 To Period end
date
01/04/2020 31/03/21
Section A Receipts and payments
Unrestricte
d funds		 Restricted
funds		 Endowmen
t funds		 Total funds Last year
to the
nearest
£		 to the
nearest £		 to the
nearest £
to the
nearest £		 to the
nearest £
A1 Receipts
Funded charitable
activities		 - - 8,400
Donations - - 500
Earned income 6,750 - - 6,750 12,802
Activities for generating
funds(in kind)		 - - -
other(refund) - - -
- - - -
- - - - -
- - - - -
Sub total(Gross income 6,750 - - 6,750 21,702

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for AR)
A2 Asset and investment
sales,(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 6,750 - - 6,750 21,702
A3 Payments
Expenditure on
charitable activities		 468 - 468 21,871
Support costs 660 - 660 2,330
Activities for generating
funds(in kind)		 - - -
Other(payment error) - - -
- - -
- - - -
- - - - -
- - - - -
- - - - -
Sub total 1,128 - - 1,128 24,201
A4 Asset and investment
purchases,(see table)
- - - -
- - - -
Sub total - - - - -
Total payments 1,128 - - 1,128 24,201
Net of
receipts/(payments)		 5,622 - - 5,622 -2,499
A5 Transfers between
funds		 - - - - -
A6 Cash funds last year
end		 12,039 - 12,039 14,539
Cash funds this year end 17,661 - - 17,661 12,040
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricte
d funds		 Restricted
funds		 Endowme
nt funds
to nearest
£		 to nearest
£		 to nearest
£
B1 Cash funds - - -
- - -
- - -

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Total cash funds 17,661 -
(agree balances with
receipts and payments
account(s))		 OK OK OK
Unrestricte
d funds		 Restricted
funds		 Endowme
nt funds
Details to nearest
£		 to nearest
£		 to nearest
£
B2 Other monetary
assets		 - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to
which
asset
belongs		 Cost
(optional)		 Current
value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to
which
asset
belongs		 Cost
(optional)		 Current
value
(optional)
B4 Assets retained for
the charity’s own use		 Vehicle 5671 - -
projector 911 - -
- -
- -
- -
- -
- -
- -
- -
Details Fund to
which
liability
relates		 Amount
due
(optional)		 When due
(optional)

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B5 Liabilities -
-
-
-
-
Signed by one or two
trustees on behalf of all
the trustees		 Signature Print Name Date of
approval

K Romano 20-Jan-22

C Clegg 20-Jan-22

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Goldfield Productions Receipts and payments accounts CC16a For the period 0110412019 31103120 Section A Receipts and payments Unrestricted funds to th¢ Doaresl Restricted funds Endowmeni funds lothè rwrest£ Total fund5 Last year trthe noaro6t£ to Il nearestE to the nearest E A1 Receipts Funded ¢hanlable a¢tiwlies Donabons Earned Incomè 64.396 12.000 39.365 6.000 533 12N2 12.802 Sub total(Gross income forAR) 17.302 21.702 122,294 A2 Asset and investment sales, see table Sub total Totalreceipts 17.302 21,7ts2 122,294 A3 Payments Expefidilure on chanta￿e activities Support Costs 21.871 2.330 21.871 2.330 136.713 1.713 6,000 333 lun(Js (Kher Ipaymeni eTror Sub total 24201 14.2fy1 144.759 A4 A55et and investment rGha5e5, See tsble Sub total Total paymènts 24.201 24.201 144,759 Net of receipts/(payments) AS Transfers bettveen funds A6 Cash funds last year end Cash funds this year end 6,B99 2,499 22,465 14.539 7.639 14.539 12,039 37.004 14,539 4(K) io

Section B Statement of assets and liabilities at the end of the period Unrestricted fvnds to t)earest£ Restricted funds Enflovfflienl fund5 to nearest£ Categories io r1earÈsi E B1 Cash funds Totsl ¢ash funds 12,039 )¥sii Unrestricted funds to nearest£ Restricted funds Endowment funds to nearest£ Details rthirest£ Fund to whS¢h asset Cuffent value optionll Details Cost loptiDnall B3 Investment assets Fund to hSch asset Details Cost loptionall Cuffent value option41 B4 Assets retained for the eharity's own us• 5671 Fund to *hl¢h rdat•S Amoum due loptTrDn&ll When due optional Detalls B5 Liabilities Signed by one orlwo trustees on beha of all the trustees SwJnalure Pnnt Name Date of approval aroline Qegg 2(kJan-21 Kate Romano 20-Jan-21 li