Goldfield Productions Registered Charity 1173427
TRUSTEES’ ANNUAL REPORT and FINANCIAL STATEMENTS for year ended 31[st] March 2022
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GOLDFIELD PRODUCTIONS
TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 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
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Structure, Governance & Management
The Trust Deed is the governing document for the trust. In our fifth 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 continued to be felt in this financial year, mostly due to a change in the funding landscape which is forcing the charity to rethink the way that it works. Activity remains limited compared to previous years and whilst it is small, the trustees exchange 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:
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the advancement of education for the public benefit by the promotion of the arts, in particular, but not exclusively, the art of music
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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 2021 and 31[st] March 2022, live performances started to increase and Goldfield undertook acclaimed concerts and a recording. Goldfield has maintained financial stability which will enable us to rethink the way we work in subsequent years.
Highlights include:
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Worcester Cathedral, July 2021, performing large scale chamber music by Ethel Smyth, Gabriel Jackson and Colin Matthews in a programme conceived by Alexis Paterson for Three Choirs Festival. This was an expanded Goldfield lineup consisting of 10 players joined by baritone Marcus Farnsworth, conducted by Adrian Partington. A glowing four-star review in The Telegraph praised both the programme and the performances. Seen & Heard International noted the ‘ terrific performance ’ and ‘ excellent players’ of the Goldfield Ensemble
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Lichfield Summer Festival, July 2021: performances of little-known Vaughan Williams Quintet and his Horn Sonata and Brahms clarinet trio and a repeat performance at Stapleford Granary.
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Stapleford Granary, December 2021: Goldfield gave the world premiere of Matthew Kaner’s new clarinet quintet ‘ At Night’ , written for the ensemble. This was subsequently recorded for Delphian on 5th January 2022, due for release in November 2022
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Goldfield revived their children’s production Three Stories About Flying for Three Choirs Festival (July 2021) and Stapleford Granary (February 2022)
Financial Review
In this financial year, Goldfield Productions maintained its reserves and financial resilience. The opening balance is £17,661 (unrestricted funds) and the closing balance is £16,238. £6000 of this is designated reserves.
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In this FY, Goldfield’s sole source of income was earned income = £11,395 (last FY £6750) Expenditure on artist activity was £12,202 (last FY £468). Support costs were £615 (last FY £660). Goldfield holds fixed assets to the value of £5266 (van and projector)
Approved by order of Trustees and signed in accordance
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Accounts for Goldfield Productions for the year ended 31[st] March 2022
| Charity Name | Charity Name | Charity Name | Charity Name | Charity Name | Charity Name | No (if any) | No (if any) | CC16a | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Goldfield Productions | 1173427 | ||||||||||
| Receipts and payments accounts |
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| For the period from |
Period start date |
To | Period end date |
||||||||
| 01/04/2021 | 31/3/2022 | ||||||||||
| Section A Receipts and payments |
|||||||||||
| Unrestrict ed funds |
Restricted funds |
Endowme nt 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 | - | - | |||||||||
| Donations | - | - | - | ||||||||
| Earned income | 11,395 | - | - | 11,395 | 6,750 | ||||||
| Activities for generating funds (in kind) | - | - | - | ||||||||
| other (refund) | - | - | - | ||||||||
| - | - | - | - | ||||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| Sub total(Gross income for AR) |
11,395 | - | - | 11,395 | 6,750 | ||||||
| A2 Asset and investment sales, (see table). |
|||||||||||
| - | - | - | - | ||||||||
| - | - | - | - | - | |||||||
| Sub total | - | - | - | - | - | ||||||
| Total receipts | 11,395 | - | - | 11,395 | 6,750 | ||||||
| A3 Payments | |||||||||||
| Expenditure on charitable activities | 12,202 | - | 12,202 | 468 | |||||||
Support costs |
615 | - | 615 | 660 | |||||||
| Activities for generating funds (in kind) |
- | - | - | ||||||||
| Other (payment error) | - | - | - | ||||||||
| - | - | - | |||||||||
| - | - | - | - | ||||||||
| - | - | - | - | - | |||||||
| 5 |
| - | - | - | - | - | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | ||||||
| Sub total | 12,817 | - | - | 12,817 | 1,128 | |||||
| A4 Asset and investment purchases, (see table) |
||||||||||
| - | - | - | - | |||||||
| - | - | - | - | |||||||
| Sub total | - | - | - | - | ||||||
| Totalpayments | 12,817 | - | - | 12,817 | 1,128 | |||||
| Net of receipts/(payments) | - 1,422 | - | - | - 1,422 | 5,622 | |||||
| A5 Transfers between funds | - | - | - | - | - | |||||
| A6 Cash funds last year end | 17,661 | - | 17,661 | 12,040 | ||||||
| Cash funds thisyear end | 16,239 | - | - | 16,239 | 17,662 | |||||
| Section B Statement of assets and liabilities at the end of the period |
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| Categories | Details | Unrestrict ed funds |
Restricted funds |
Endowme nt funds |
||||||
| to nearest £ | to nearest £ | to nearest £ | ||||||||
| B1 Cash funds | - | - | - | |||||||
| - | - | - | ||||||||
| - | - | - | ||||||||
| Total cash funds | 17,661 | - | ||||||||
| (agree balances with receipts and payments account(s)) |
||||||||||
| Unrestrict ed 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 | - | - | ||||||||
| - | - | |||||||||
| - | - |
| - | - | - | - | - | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | ||||||
| Sub total | 12,817 | - | - | 12,817 | 1,128 | |||||
| A4 Asset and investment purchases, (see table) |
||||||||||
| - | - | - | - | |||||||
| - | - | - | - | |||||||
| Sub total | - | - | - | - | ||||||
| Totalpayments | 12,817 | - | - | 12,817 | 1,128 | |||||
| Net of receipts/(payments) | - 1,422 | - | - | - 1,422 | 5,622 | |||||
| A5 Transfers between funds | - | - | - | - | - | |||||
| A6 Cash funds last year end | 17,661 | - | 17,661 | 12,040 | ||||||
| Cash funds thisyear end | 16,239 | - | - | 16,239 | 17,662 | |||||
| Section B Statement of assets and liabilities at the end of the period |
||||||||||
| Categories | Details | Unrestrict ed funds |
Restricted funds |
Endowme nt funds |
||||||
| to nearest £ | to nearest £ | to nearest £ | ||||||||
| B1 Cash funds | - | - | - | |||||||
| - | - | - | ||||||||
| - | - | - | ||||||||
| Total cash funds | 17,661 | - | ||||||||
| (agree balances with receipts and payments account(s)) |
||||||||||
| Unrestrict ed 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 | - | - | ||||||||
| - | - | |||||||||
| - | - |
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| - | - | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | ||||||||||||
| Details | Fund to which asset belongs |
Cost (optional) |
Current value (optional) |
||||||||||
| B4 Assets retained for the charity’s own use |
Vehicle | 4537 | - | - | |||||||||
| projector | 729 | - | - | ||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| - | - | ||||||||||||
| Details | Fund to which liability relates |
Amount due (optional) |
When due (optional) |
||||||||||
| B5 Liabilities | - | ||||||||||||
| - | |||||||||||||
| - | |||||||||||||
| - | |||||||||||||
| - | |||||||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval |
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| KateRomano | 14 Jan 2023 |
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| Caroline Clegg | 14 Jan 2023 |
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