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 

2 



**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 
  advancement 
  of 
  education 
  for 
  the 
  public 
  benefit 
  by 
  the 
  promotion 
  of 
  the 
  arts, 
  in 
  particular, 
  but 
  not exclusively, 
  the 
  art 
  of 
  music 

- other 
  solely 
  charitable 
  objects 
  as 
  defined 
  by 
  the 
  Charities 
  Act 
  2006, 
  or 
  any 
  subsequent 
  act, 
  as 
  determined from 
  time 
  to 
  time 
  by 
  the 
  trustees 
  of 
  Goldfield 
  Productions, 
  and 
  delivered 
  for 
  the 
  public 
  benefit 

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 

3 



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: 

- accounting 
  records 
  were 
  not 
  kept 
  in 
  accordance 
  with 
  section 
  130 
  of 
  the 
  Act 
  or 

- the 
  accounts 
  do 
  not 
  accord 
  with 
  the 
  accounting 
  records 

4 



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**<br>**period    from**||**Period    start**<br>**date**||**To**|**Period    end**<br>**date**|||||
||||**01/04/2020**|||**31/03/21**|||||
||||||||||||
|**Section    A    Receipts    and    payments**|||||||||||
||**Unrestricte**<br>**d    funds**||**Restricted**<br>**funds**||**Endowmen**<br>**t    funds**||**Total    funds**||**Last    year**||
||**to    the**<br>**nearest**<br>**£**||**to    the**<br>**nearest    £**||**to    the**<br>**nearest    £**|<br>|**to    the**<br>**nearest    £**||**to    the**<br>**nearest    £**||
|**A1    Receipts**|||||||||||
|**Funded    charitable**<br>**activities**|||||**-**||**-**||**8,400**||
|**Donations**|||||**-**||**-**||**500**||
|**Earned    income**|**6,750**||**-**||**-**||**6,750**||**12,802**||
|**Activities    for    generating**<br>**funds(in    kind)**|||**-**||**-**||**-**||||
|**other(refund)**|||**-**||**-**||**-**||||
||||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub    total(Gross    income_**|**6,750**||**-**||**-**||**6,750**||**21,702**||



5 



|**_for    AR)_**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
|**A2    Asset    and    investment**<br>**sales,(see    table).**|||||||||||
||**-**||**-**||**-**||**-**||||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub    total_**|**-**||**-**||**-**||**-**||**-**||
||||||||||||
|**_Total    receipts_**|**6,750**||**-**||**-**||**6,750**||**21,702**||
||||||||||||
|**A3    Payments**|||||||||||
|**Expenditure    on**<br>**charitable    activities**|**468**||||**-**||**468**||**21,871**||
|**Support    costs**|**660**||||**-**||**660**||**2,330**||
|**Activities    for    generating**<br>**funds(in    kind)**|||**-**||**-**||**-**||||
|**Other(payment    error)**|||**-**||**-**||**-**||||
||||||**-**||**-**||**-**||
||||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub    total_**|**1,128**||**-**||**-**||**1,128**||**24,201**||
||||||||||||
|**A4    Asset    and    investment**<br>**purchases,(see    table)**|||||||||||
||**-**||**-**||**-**||**-**||||
||**-**||**-**||**-**||**-**||||
|**_Sub    total_**|**-**||**-**||**-**||**-**||**-**||
||||||||||||
|**_Total    payments_**|**1,128**||**-**||**-**||**1,128**||**24,201**||
||||||||||||
|**_Net    of_**<br>**_receipts/(payments)_**|**5,622**||**-**||**-**||**5,622**||**-2,499**||
|**A5    Transfers    between**<br>**funds**|**-**||**-**||**-**||**-**||**-**||
|**A6    Cash    funds    last    year**<br>**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**<br>**d    funds**||**Restricted**<br>**funds**||**Endowme**<br>**nt    funds**||
||||||**to    nearest**<br>**£**||**to    nearest**<br>**£**||**to    nearest**<br>**£**||
|**B1    Cash    funds**|||||**-**||**-**||**-**||
||||||**-**||**-**||**-**||
||||||**-**||**-**||**-**||



6 



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



7 



|**B5    Liabilities**|||||||**-**||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||**-**||||
||||||||**-**||||
||||||||**-**||||
||||||||**-**||||
||||||||||||
|**Signed    by    one    or    two**<br>**trustees    on    behalf    of    all**<br>**the    trustees**|**Signature**||||**Print    Name**||||**Date    of**<br>**approval**||
||<br>||||**K    Romano**||||**20-Jan-22**||
||<br>||||**C    Clegg**||||**20-Jan-22**||
||||||||||||
||||||||||||



8 



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
tr*the 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
option*ll
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