2023-04-05-accounts - The Audrey Muriel Stratford Charitable Trust

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	Page
Trustees' annual report
Trustees' responsibilities statement
Independent auditor's report to the members
Statement of financial activities	10
Balance sheet
Statement ofcash flows	12
Notes to the financial statements	13

Registered	name	The A M Stratford	Charitable
Charity registration	number	1045027
Principal office		22-26 King Street
		King's Lynn
		Norfolk
		King's Lynn
The trustees
		Mr J A Hazel
		Mrs S E M Kunes
		Mrs J D Chaplin
		Mr D L Stafford
		Mr P A J Croker
		Miss M Kennedy
Clerk		Mrs C L Melton
Auditor		Mapus-Smith & Lemmon	LLP
		Chartered Accountants	& 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

						2023	2023	2022
						Unrestricted
						funds	Total funds	Total funds
					Note	8
Income and endowments
Incoming resources from	generating			funds:
Commercial trading operation						1,460,904	1,460,904	1,521,480
Investment income					6	62,412	62,412	58,877
Other income					7	94	94	4,561
Total income						1,523,410	1,523,410	1,584,918
Expenditure
Expenditure on raising funds.
Commercial trading	operation					(1,453,455)	(1,453,455)	(1,490,427)
Investment management		costs			8	(16,137)	(16,137)	(11,420)
Expenditure on charitable	activities				9,10	(22,882)	(22,882)	(2,500)
Governance costs					9	(14,974)	(14,974)	(14,506)
Total expenditure						(1,507,448)	(1,507,448)	(1,518,853)
Net (losses)/gains on investments					11	(56,359)	(56,359)	83,120
Net income and net movement			In	funds		(40,397)	(40,397)	149,185
Reconciliation offunds
Total funds brought forward						2,653,469	2,653,469	2,504,284
Total funds carried forward						2,613,072	2,613,072	2,653,469

					Group	Group	Charity	Charity
				Note	2023 f	2022 f'	2023 f	2022 f
Fixed assets
Tangible assets				15	212,212	202,454
Investments				16	1,611,482	1,658,627	1,911,299	1,958,444
					1,823,694	1,861,081	1,911,299	1,958,444
Current assets
Stock					261,610	255,539
Debtors					213,733	192,451	107,898	106,416
Cash at bank and	in	hand			607,977	608,968	276,349	280,569
					1,083,320	1,056,958	384,247	386,985
Creditors: amounts		falling	due within one
year				18	228,514	197,878	10,072	9,101
Net current assets					854,806	859,080	374,175	377,884
Total assets less	current		liabilities		2,678,500	2,720,161	2,285,474	2,336,328
Creditom: falling	due after more than one			year 19
Provision for liabilities				20	65,428	66,692
Net assets					2,613,072	2,653,469	2,285,474	2,336,328
Funds ofthe charity
Unrestricted funds					2,613,072	2,653,469	2,285,474	2,336,328
Total charity funds					2,613,072	2,653,469	2,285,474	2,336,328

	Year	ended 5 April 2023
			2023	2022
Cash flows from operating	activities
Net income			(40,397)	149,185
Adjustments for:
Depreciation oftangible assets			23,877	25,715
Revaluation reserve
Net loss on disposal of tangible assets
Net gains on investments			56,359	(83,120)
Dividends, interest and rents from investments			(61,931)	(58,802)
Other interest receivable and similar income			(481)	(75)
Provision for deferred tax			(1,264)	1,208
Tax on commercial profit			(8,590)	(10,251)
Changesin:
Stock			(6,071)	80,761
Trade and other debtors			(21,282)	29,179
Trade and other creditors			39,226	(89,020)
Cash generated from operations			(20,554)	44,780
Interest received			481	75
Tax Paid
Net cash used in operating	activities		(20,073)	44,855
Cash flows from investing	activities
Purchase oftangible assets			(33,635)	(2,150)
Proceeds ofsale oftangible	assets
Dividends, interest and rents from investments			61,931	58,802
Purchases of other investments			(202,212)	(2,556)
Proceeds from sale ofother	investments		192,998	4,855
Net cash (used in)/from investing activities			(991)	103,806
Cash flows from financing	activities
Borrowings repaid				(11,017)
Net cash used in financing	activities			(11,017)
Net (decrease)/increase in	cash and cash	equivalents	(991)	92,789
Cash and cash equivalents	at beginning	ofyear	608,968	516,179
Cash and cash equivalents	at end ofyear		607,977	608,968

A summary below:-	of the financial acti	vities undertaken by th	e charity excluding its subsidia	ry is set out
			2023	2022
Gross incoming resources			51,818	56,339
Total expenditure on charitable		activities	(22,882)	(2,500)
Investment	management costs		(8,457)	(4,288)
Governance	costs		(14,974)	(14,506)
Investment	gain		(56,359)	83,120
Net movement incoming resources			(50,854)	118,165
Total funds	brought forward		2,336,328	2,218,163
Total funds	carried forward		2,285,474	2,336,328

issued share capital ofth	e comp	any.
A summary ofthe trading	results	for the year to 31 Januaiy 2023	and 2022 is shown f	below:— F
Turnover			1,460,904	1,521,480
Cost ofsales and administration		costs	(1,458,070)	(1,481,352)
Other income			15,000	19,278
Interest receivable			1
Interest payable			(4,505)	(2,920)
Taxation			(2,919)	(15,521)
Net profit after taxation			10,411	40,965
Revaluation reserve transfer
Retained in the subsidiary			10,411	40,965

Incoming Resources (continued)
	2023	2022
Fixed Assets	572,478	562,766
Current Assets	799,073	769,973
Current Liabilities	(218,442)	(188,777)
Long Term Liabilities	(115,811)	(117,075)
Net Assets	1,037,298	1,026,887

Investment income
		Unrestricted	Total Funds	Total Funds
		Funds	2023	2022
		f	8	F
Income from investment	properties	38,694	38,694	39,337
Income from listed investments		23,237	23,237	19,465
Bank interest receivable	Barclays bank
pic		481	481	75
		62,412	62,412	58,877

Other income
			Unrestricted	Total Funds	Total Funds
			Funds	2023	2022
			6	E	f
Government	grant income				4,458
Public Library	lending	royalties	94	94	103
			94	94	4,561

				Unrestricted	Total Funds	Total Funds
				Funds	2023	2022
					E
Portfolio	management			2,955	2,955	2,330
Property	management costs			9,419	9,419	9,265
Property	costs	- repairs and
maintenance				328	328	(6,316)
Property	costs	- Electricity		260	260
Property	costs	—Insurances		1,833	1,833	1,586
Property	costs	- Council tax		(12)	(12)	1,344
Property	costs	- Bad debts written	off			249
Property	costs	—Sundry			534	480
Property	costs	—Legal and
professional				820	820	2,210
Property	costs	—Loan interest				272
				16,137	16,137	11,420

Expenditure on	charitable activitie	s by fund type
		Unrestricted	Total Funds	Total Funds
		Funds	2023	2022
		F	E	6
Grants/Donations	to institutions	22,882	22,882	2,500
Support costs		14,974	14,974	14,506
		37,856	37,856	17,006

Expenditure	on c	ha	ritable activitie	s by activity typ
				Activities
				undertaken		Total funds	Total fund
				directly	Support costs	2023	2022
				F	E	E	E
Grants/Donations		to	institutions	22,882		22,882	2,500
Governance	costs				14,974	14,974	14,506
				22,882	14,974	37,856	17,006

10a.Expenditure	on charitable	activities	activities
Grants/donations to institutions
Activities undertaken directly					2023 F	2022f
Hanseatic Union - Ukraine						1,000
All Saints Church					5,000
King's Lynn	Festival					1,500
Festival Too					10,000
St Peters Church					5,000
Norfolk Records Office					2,882
					22,882	2,500
Governance	costs
Governance	costs —insurance				574	574
Governance	costs —accountancy		fees		10,320	10,212
Governance	costs —audit fees				4,080	3,720
Governance	costs —legal and professional			fees
					14,974	14,506
Expenditure	on charitable	activities			37,856	17,006

Net gains	on	investments
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2023	Funds	2022
					6	S	F	8
Unrealised	fair value adjustments			on
investment	assets				(111,920)	(111,920)	82,809	82,809
Realised	gains on investment		assets		55,561	55,561)	311	311
					(56,359)	(56,359)	83,120	83,120
Auditors	remuneration
							2023	2022
							E
Fees payable		for the audit of	the	financial	statements		16,080	14,720

Tangible Fixed Assets	(Group only)
	Freehold	Plant &	Fixtures &	Motor
	Property	Machinery	Fittings	Vehicles	Total
	6	F	F	6	r
Cost or valuation
At 6 April 2022	195,928	87,414	44,430	103,385	431,157
Additions			7,795	25,840	33,635
Disposals
Revaluations
At 5 April 2023	195,928	87,414	52,225	129,225	464,792
Depreciation
At 6 April 2022	83,891	52,634	28,028	64,150	228,703
Charge for the year	3,919	5,217	3,317	11,424	23,877
Disposals
Transfers
At 5 April 2023	87,810	57,851	31,345	75,574	252,580
Net book value
At 5 April 2023	108,118	29,563	20,880	53,651	212,212
At 5 April 2022	112,037	34,780	16,402	39,235	202,454

Group			Cash	or	cash		Listed	Investment
			equivalents			investments		properties		Total
					6			F
Cost or valuation
At 6 April	2022			1,742		771,885		885,000		1,658,627
Additions				102,212		100,000				202,212
Disposals			(102,924)				(2,013)	(90,000)		(194,937)
Fair value	movements					(54,420)				(54,420)
At 5April	2023				1,030	815,452		795,000		1,611,482
Carrying	amount
At 5 April	2023				1,030	815,452		885,000		1,611,482
At 5 April	2022				1,742	771,885		885,000		1,658,627
The above carrying		amounts	are recognised			as follows:
			Cash	or	cash		Listed	Investment
			equivalents			investments 6		properties f		Total
At 5 April	2023
Held at fair value
				1,030		815,452		795,000		1,611,482
At 5 Apnl	2022
Held at fair value
				1,742		771,885		885,000		1,658,627
Charlthf
								Shares	in
		Cash or cash				Listed	Investment	gi'oup
		equivalents			investments		properties	undertakings		Total
			6			F	6
Cost or valuation
At 6 April	2022		1,742			771,885	525,000	659,817		1,958,444
Additions			102,212			100,000				202,212
Disposals			(102,924)			(2,013)	(90,000)			(194,937)
Fair value	movements					(54,420)				(54,420)
At 5 April	2023		1,030			815,452	435,000	659,817		1,911,299
Carrying	amount
At 5 April	2023		1,030			815,452	435,000	659,817		1,911,299
At 5 April	2022		1,742			771,885	525,000	659,817		1,958,444

The above carrying amo	unts are recogni	sed as follows:
				Shares	in
	Cash or cash	Listed	Investment	gi'oup
	equivalents	investments	properties	undertakings		Total
	F		F	F		e
At 5April 2023
Held at fair value	1,030	815,452	435,000			1,215,482
Held at historical cost
less impairment				659,817		659,817
At 5 April 2022
Held at fair value	1,742	771,885	525,000			1,298,627
Held at historical cost
less impairment				659,817		659,817

				2023	2022
				8
Turnover				1,460,904	1,521,480
Profit				10,411	40,965
Aggregate	value of	assets	and liabilities	1,037,298	1,026,887
Registered	office:	22-26	King Street
		King's	Lynn
		Norfolk
		PE30 1HJ

Debtors
			Group	Group	Charity	Charity
			2023	2022	2023	2022
				6
Trade debtors			193,799	176,949
Amounts	owed by group undertakings				100,000	100,000
Deferred	Tax
Prepayments		and accrued income	1,401	1,583	1,401	1,583
Other debtors			18,533	13,919	6,497	4,833
			213,733	192,451	107,898	106,416

18.	Creditors:	amounts	falling due within o	ne year
				Group	Group	Charity	Charity
				2023	2022 f	2023 6	2022 6
	Bank loans	and overdrafts
	Trade creditors			156,979	105,134
	Corporation	Tax		5,723	14,313
	Other taxes and social secunty costs			30,060	37,470
	Other creditors			35,752	40,961	10,072	9,101
				228,514	197,878	10,072	9,101
19.	Creditors:	Amounts	falling due after more than one year
				Group	Group	Charity	Charity
				2023	2022 6	2023f	2022 6
	Other creditors
20.	Provision for liabilities
				Group	Group	Charity	Charity
				2023 E	2022f	2023 6	2022f
	Deferred taxation			65,428	66,692
				65,428	66,692

			At			Gains and	At
		6	April 2022	Income	Expenditure	losses	5 April 2023
					E	E	E
General	funds		2,336,328	51,818	(46,313)	(56,359)	2,285,474
			At			Gains and	At
		6	April 2021	Income	Expenditure	losses	5 April 2022
			F	F			E
General	funds		2,218,163	56,339	(21,294)	83,120	2,336,328

Analysis of net as	sets between funds
		Unrestricted	Total Funds
		Funds	2023
		E	E
Investments		1,911,299	1,911,299
Current Assets		384,247	384,247
Creditors less than	1 year	(10,072)	(10,072)
Net assets		2,285,474	2,285,474
		Unrestncted	Total Funds
		Funds	2022
		E	E
Investments		1,958,444	1,958,444
Current Assets		386,985	386,985
Creditors less than	1 year	(9,101)	(9,101)
Net assets		2,336,328	2,336,328

Financial instrument	Financial instrument	s	s
The carping amount		for each category of		financial	instrument			is as follows
								2023	2022
								E	E
Financial	assets measured		at fair value	through		income		and expenditure
Financial	assets measured		at fair value through income				and
expenditure								1,611,482	1,658,627
Financial	assets that are debt instruments measured						at	amortised cost
Financial	assets that	are debt instruments		measured		at	amortised
cost								212,332	190,868
Financial	liabilities	measured at amortised cost
Financial	liabilities measured		at amortised	cost				192,731	146,095

Cash	and cash equivalents	and cash equivalents
			2023	2022
			E	5
Cash	at bank and	in hand	607,977	608,968
Bank	overdraft
			607,977	608,968