##
##
||Page|
|---|---|
|Trustees'
annual
report||
|Trustees'
responsibilities
statement||
|Independent
auditor's
report to the members||
|Statement
offinancial
activities|10|
|Balance sheet||
|Statement ofcash flows|12|
|Notes to the financial statements|13|
#
##
|Registered|charity|name|The A M Stratford|Charitable|Charitable|Trust||
|---|---|---|---|---|---|---|---|
|Charity registration||number|1045027|||||
|Principal office|||22-26 King Street|||||
||||King's Lynn|||||
||||Norfolk|||||
||||King's Lynn|||||
|The trustees||||||||
||||Mr J A Hazel|||||
||||Mrs SE M Kunes|||||
||||Mrs J D Chaplin|||||
||||Mr D L Stafford|||||
||||Mr P AJ Croker|||||
||||Miss M Kennedy|||||
|Clerk|||Mrs C L Melton|||||
|Auditor|||Mapus-Smith
8 Lemmon||LLP|||
||||Chartered
Accountants||8 Statutory||Auditor|
||||48 King Street|||||
||||King's Lynn|||||
||||Norfolk|||||
||||PE30 1HE|||||
|Bankers|||Barclays Bank pic|||||
||||91-92 High Street|||||
||||King's
Lynn|||||
||||Norfolk|||||
||||PE30 1BL|||||
|Solicitors|||Kenneth
Bush Solicitors|||||
||||11 New Conduit Street|||||
||||King's Lynn|||||
||||Norfolk|||||
||||PE30 1DG|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|||
|||||||funds|Totalfunds|Totalfunds|
||||||Note|6|6||
|Income and endowments|||||||||
|Incoming
resources
from|generating|||funds:|||||
|Commercial
trading
operation||||||1,646,057|1,646,057|1,736,408|
|Investment
income|||||6|60,000|60,000|78,617|
|Other income|||||7|50,086|50,086|95|
|Total Income||||||1,756,143|1,756,143|1,815,120|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Commercial
trading|operation|||||(1,607,493)|(1,607,493)|(1,669,871)|
|Investment
management||costs|||8|(29,438)|(29,438)|(20,883)|
|Expenditure
on charitable|activities||||9,10|(12,129)|(12,129)|(20,624)|
|Governance
costs|||||9|(14,508)|(14,508)|(16,229)|
|Total expenditure||||||(1,663,568)|(1,663,568)|(1,727,607)|
|Net (losses)/gains
on investments|||||11|133,125|133,125|(80,619)|
|Net Income and net movement|||in|funds||225,700|225,700|6,894|
|Reconciliation
offunds|||||||||
|Total funds
brought
forward||||||2,278,584|2,278,584|2,271,690|
|Total funds carried forward||||||2,504,284|2,504,284|2,278,584|
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
||||Note|F|6|6|F|
|Fixed assets||||||||
|Tangible assets|||15|226,019|243,155|||
|Investments|||16|1,577,806|1,446,685|1,877,623|1,746,502|
|||||1,803,825|1,689,840|1,877,623|1,746,502|
|Current assets||||||||
|Stock||||336,300|317,603|||
|Debtors|||17|221 630|229 134|104,496|104,634|
|Cash at bank and|in|hand||516,179|440,193|256,902|248,857|
|||||1,074,109|986,930|361,398|353,491|
|Creditors: amounts||falling due within one||||||
|year|||18|301,288|304,997|20,858|13,461|
|Net current assets||||772,821|681,933|340,540|340,030|
|Total assets less|current liabilities|||2,576,646|2,371,773|2,218,163|2,086,532|
|Creditors: falling|due after more than one||year 19|6,878|26,043|||
|Provision for liabilities|||20|65,484|67,146|||
|Net assets||||2,504,284|2,278,584|2,218,163|2,086,532|
|Funds ofthe charity||||||||
|Unrestricted
funds||||2,504,284|2,278,584|2,218,163|2,086,532|
|Total charity funds||||2,504,284|2,278,584|2,218,163|2,086,532|
##
##
##
||Year|ended 5April 2021|||
|---|---|---|---|---|
||||2021|2020|
|Cash flows from operating|activities||||
|Net income|||225,700|6,894|
|Adjustments
for:|||||
|Depreciation
oftangible assets|||30,036|29,807|
|Revaluation
reserve|||||
|Net loss on disposal oftangible assets|||95|171|
|Net gains on investments|||(133,125)|80,619|
|Dividends,
interest and rents from investments
Other interest receivable
and similar income
Provision
for deferred tax
Tax on commercial
profit|||(59,907)
(98)
(1,662)
20,177|(78,137)
(484)
15,530
4,387|
|Changes/n:|||||
|Stock|||(18,697)|34,138|
|Trade and other debtors|||7,504|57,433|
|Trade and other creditors|||(30,106)|18,596|
|Cash generated
from operations|||39,917|168,954|
|Interest received|||98|484|
|Tax Paid|||||
|Net cash used
in operating|activities||40,015|169,438|
|Cash flows from investing|activities||||
|Purchase
oftangible assets
Proceeds ofsale oftangible|assets||(12.995)|(27,479)|
|Dividends,
interest and rents from investments|||59,907|78,137|
|Purchases
of other investments
Proceeds from sale of other investments|||(1,901)
3,905|(2,726)
4,890|
|Net cash (used in)/from
investing
activities|||88,931|222,260|
|Cash flows from financing|activities||||
|Borrowings
repaid|||(12,945)|(12,359)|
|Net cash used in financing|activities||(12,945)|(12,359)|
|Net (decrease)/increase
in
Cash and cash equivalents|cash and cash
at beginning|equivalents
ofyear|75,986
440,193|209,901
230,292|
|Cash and cash equivalents|at end ofyear||516,179|440,193|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|A summary
below:-|of the financial
acti|vities
undertaken
by th|e charity
excluding
its subsidia|ry
is set out|
|---|---|---|---|---|
||||2021|2020|
|Gross incoming
resources|||47,185|65,712|
|Total expenditure
on charitable||activities|(12,129)|(20,624)|
|Investment|management
costs||(22,042)|(11,276)|
|Governance|costs||(14,508)|(16,229)|
|Investment|gain||133,125|(80,619)|
|Net movement
incoming
resources|||131,631|(63,036)|
|Total funds|brought
forward||2,086,532|2,149,568|
|Total funds|carried forward||2,218,163|2,086,532|
|A summary
oft|he trading
results|for the year to 31 Ja|nuary 2021
and 2020 is shown|below:-|
|---|---|---|---|---|
|||||F|
|Turnover|||1,646,057|1,736,408|
|Cost ofsales and administration||costs|(1,590,253)|(1,657,615)|
|Other income|||65,030|25,500|
|Interest receivable|||5|4|
|Interest payable|||(3.932)|(4,526)|
|Taxation|||(22,903)|(19,917)|
|Net profit/(loss)|after taxation||94,004|79,854|
|Revaluation
reserve transfer||||4,080|
|Retained
in the|subsidiary||94,004||
|incoming
Resources (continued)|||||
||||2021|2020|
|Fixed Assets|||586,386|603,587|
|Current Assets|||812,711|733,439|
|Current
Liabilities|||(280,430)|(291,536)|
|Long Term Liabilities|||(122,745)|(143,572)|
|Net Assets|||995,922|901,918|
##
##
##
|6.|Investment
|income|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Total Funds||
||||||Funds|2021|2020||
||||||||E||
||Income from|investment||properties|40,510|40,510|54,392||
||Income from|listed investments|||19,397|19,397|23,745||
||Bank interest|receivable||Barclays bank|||||
||pic||||93|93|480||
||||||60,000|60,000|78,617||
|7.|Other income||||||||
||||||Unrestricted|TotaIFunds||Total Funds|
||||||Funds|2021||2020|
|||||||6|||
||Government|grant income|||50,040|50,040|||
||Public Library|lending|royalties|||46||95|
||||||50,086|50,086||95|
##
|||||Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|2021|2020|
|||||6|||
|Porffolio|management|||2,103|2,103|2,128|
|Property|management
costs|||9,205|9,205|10,016|
|Property|costs -|repairs and|||||
|maintenance||||10,566|10,566|2,917|
|Property|costs -|Electricity||150|150||
|Property|costs -|Insurances||1,322|1,322|1,398|
|Property
Property|costs -
costs -|Council tax
Bad debts written|off|61
4,594|61
4,594|(7)
2,770|
|Property|costs —Sundry|||456|456|432|
|Property|costs -|Legal||445|445||
|Property|costs —Loan interest|||536|536|1,145|
|||||29,438|29,438|20,883|
##
##
##
|Expenditure
on|charitable
activitie|s
by fund type|||
|---|---|---|---|---|
|||Unrestricted|Total Funds|Total Funds|
|||Funds|2021|2020|
||||8||
|Grants/Donations|to institutions|12,129|12,129|20,624|
|Support costs||14,508|14,508|16,229|
|||26,637|26,637|36,853|
##
|10.
Expenditure|on c|harit|ab|le|activ|ities by|activity type||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Activities||||
||||||||undertaken||Total funds|Total fund|
||||||||directly|Support costs|2021|2020|
|||||||||F|E|F|
|Grants/Donations||to institutions|||||12,129||12,129|20,624|
|Governance|costs|||||||14,508|14,508|16,229|
||||||||12,129|14,508|26,637|36,853|
|10a.Expenditure|on charitable||||activities||||||
|Grants/donations||to Institutions|||||||||
|Activities undertaken|||directly||||||2021|2020|
||||||||||E||
|Pandora
Project||||||||||5,000|
|King's Lynn|Civic Society||||||||129||
|King's Lynn|Festival||||||||3,000||
|ACCESS|||||||||5,000||
|Friends ofSt. Nic||||||||||5,000|
|The North End Trust||||||||||2,624|
|King's Lynn|Preservation|||Trust||||||4,000|
|Collusion|||||||||4,000|4,000|
||||||||||12,129|20,624|
|Governance|costs||||||||||
|Governance|costs|—insurance|||||||574|574|
|Governance|costs|—accountancy||||fees|||10,214|10,798|
|Governance|costs|—audit||fees|||||3,720|4,560|
|Governance|costs|—legal||and professional|||fees|||297|
||||||||||14,508|16,229|
|Expenditure|on charitable||||activities||||26,637|36,853|
##
##
##
##
|11.|Net gains|on investments|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020
f|
||Unrealised|fair value adjustments||on|||||
||investment|assets|||133,121|133,121|(80,742)|(80,742)|
||Realised|gains on investment|assets||4|4|123|123|
||||||133,125|133,125|(80,619)|(80,619)|
|12.|Auditors|remuneration|||||||
||||||||2021|2020|
||||||||F||
||Fees payable for the audit of||the|financial|statements||14,720|15,560|
##
##
##
|Tangible Fixed Asset|s (Group only)|||||
|---|---|---|---|---|---|
||Freehold|Plant &|Fixtures 8|Motor||
||Property|Machinery|Fittings|Vehicles|Total|
||8|F|8||6|
|Cost or valuation||||||
|At 6 April 2020|195,928|74,419|45,100|103,385|418,832|
|Additions||12,995|||12,995|
|Disposals|||(2,820)||(2,820)|
|Revaluations||||||
|At 5 April 2021|195,928|87,414|42,280|103,385|429,007|
##
##
##
||Year end|ed 5April 202|1|||
|---|---|---|---|---|---|
|Depreciation||||||
|At 6 April 2020|76,053|40,805|25,187|33,632|175,677|
|Charge for the year|3,919|5,692|2,986|17,439|30,036|
|Disposals|||(2,725)||(2,725)|
|Transfers||||||
|At 5 April 2021|79,972|46,497|25,448|51,071|202,988|
|Net book value||||||
|At 5 April 2021|115,956|40,917|16,832|52,314|226,019|
|At 5 April 2020|119,875|33,614|19,913|69,753|243,155|
##
|Group||Cash or cash|Listed|Investment||
|---|---|---|---|---|---|
|||equivalents|investments|properties|Total|
|||F||F|F|
|Cost or valuation||||||
|At 6 April|2020|1,588|600,097|845,000|1,446,685|
|Additions||1,901|||1,901|
|Transfers||||||
|Disposals||(2,004)|(1,897)||(3,901)|
|Fair value|movements||133,121||133,121|
|At 5April|2021|1,588|731,321|845,000|1,577,806|
|Carrying|amount|||||
|At 5April|2021|1,485|731,321|845,000|1,577,806|
|At 5 April|2020|1,588|600,997|845,000|1,446,685|
##
|The above carrying
am|ounts
are recognised a|s follows:|||
|---|---|---|---|---|
||Cash or cash|Listed|Investment||
||equivalentsf|investments|properties
F|Total|
|At 5April 2021|||||
|Held at fair value|||||
||1,485|731,321|845,000|1,577,806|
|At 5 April 2020|||||
|Held at fair value|||||
||1,588|600,097|845,000|1,446,685|
##
##
##
|~Chari||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Shares|in||
|||Cash or cash|||Listed|Investment|group|||
||||equivalents|investmentsf||properties
f|undertakings||Total
F|
|Cost or valuation||||||||||
|At 6 April|2020||1,588||600,097|485,000|659,817||1,746,502|
|Additions|||1,901||||||1,901|
|Disposals|||(2,004)||(1,897)||||(3,901)|
|Fair value|movements||||133,121||||133,121|
|At 5April|2021||1,485||731,321|485,000|659,817||1,877,623|
|Carrying|amount|||||||||
|At 5 April|2021||1,485||731,321|485,000|659,817||1,877,623|
|At 5 April|2020||1,588||600,097|485,000|659,817||1,746,502|
|The above carrying||amounts|are recognised||as follows:|||||
||||||||Shares|in||
|||Cash or cash|||Listed|Investment|glcup|||
||||equivalents|investments
f||properties|undertakings
f||Total|
|At 5 April|2021|||||||||
|Held at fair value|||1,485||731,321|485,000|||1,217,806|
|Held at historical cost||||||||||
|less impairment|||||||659,817||659,817|
|At 5 April|2020|||||||||
|Held at fair value|||1,588||600,097|485,000|||1,086,685|
|Held at historical cost||||||||||
|less impairment|||||||659,817||659,817|
##
##
##
##
##
|Turnover||||2021|2020|
|---|---|---|---|---|---|
||||||f|
|||||1,646,057|1,736,408|
|Profit||||94,004|79,854|
|Aggregate|value of|assets|and liabilities|995,922|901,918|
|Registered|oflice:|22-26|King Street|||
|||King's|Lynn|||
|||Norfolk||||
|||PE30 1HJ||||
##
|Debtors|||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
||||||E|E|
|Trade debtors|||203,469|213,908|||
|Amounts|owed by group undertakings||||100,000|100,000|
|Deferred|Tax||||||
|Prepayments||and accrued income|1,171|1,114|1,171|1,114|
|Other debtors|||16,990|14,112|3,325|3,520|
||||221,630|229,134|104,496|104,634|
##
##
|Creditors:|amounts
falling due within o|ne year||||
|---|---|---|---|---|---|
|||Group
2021|Group
2020|Charity
2021|Charity
2020|
|||E|E|6|F|
|Bank loans|and overdraRs|11,017|12,300|||
|Trade creditors||168,201|206,469|||
|Corporation|Tax|24,564|4,387|||
|Other taxes|and social security costs|36,922|30,095|||
|Other creditors||60,584|51,746|20,858|13,461|
|||301,288|304,997|20,858|13,461|
##
##
|19.|Creditors: A|mounts
fa|lling due|after mo|re than one|year|||
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Charity|Charity|
||||||2021|2020|2021|2020|
|||||||6|||
||Bank loans and overdrafts|||||11,662|||
||Other creditors||||6,878|14,381|||
||||||6,878|26,043|||
|20.|Provision for|liabilities|||||||
||||||Group
2021|Group
2020|Charity
2021f|Charity
2020|
||Deferred taxation||||65,484|67,146|||
||||||65,484|67,146|||
|21.|Analysis ofcharitable||funds||||||
||Unrestricted|funds|||||||
|||||At|||Gains and|At|
||||6April|2020
f|Income
F|Expenditure
6|losses|5April 2021|
||General funds||2,086,532||47,185|(48,679)|133,125|2,218,163|
|||||At|||Gains and|At|
||||6 April|2019
f|Income|Expenditure
F|losses
6|5 April 2020
6|
||General funds||2,149,568||65,712|(48,129)|(80,619)|2,086,532|
##
|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds
f|2021|
|Investments||1,877,623|1,877,623|
|Current Assets||361,398|361,398|
|Creditors less than|1 year|(20,858)|(20,858)|
|Net assets||2,218,163|2,218,163|
|||Unrestricted|Total Funds|
|||Funds|2020|
|||F||
|Investments||1,746,502|1,746,502|
|Current Assets||353,491|353,491|
|Creditors less than|1 year|(13,461)|(13,461)|
|Net assets||2,086,532|2,086,532|
##
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||F||
||Financial|assets|measured|at fair value|through|||Income and expenditure|||
||Financial|assets measured||at fair value through|||income||and||
||expenditure||||||||1,577,806|1,444,685|
||Financial|assets|that are debt instruments|||measured|||at amortised cost||
||Financial|assets that are debt instruments|||measured|||at|amortised||
||cost||||||||220,459|228,020|
||Financial|liabilities measured
at amortised||||cost|||||
||Financial|liabilities|measured|at amortised|cost||||228,785|258,216|
|24.|Cash and|cash equivalents|||||||||
||||||||||2021|2020|
||Cash at bank and||in hand||||||516,179|440,193|
||Bank overdraft||||||||||
||||||||||516,179|440,193|